{ "ticker": { "uuid": "ff038946-7cd8-4658-98c7-6c75ccec2c4f", "symbol": "EWX", "name": "STATE STREET SPDR S&P EMERGING MARKETS SMALL CAP 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": 70.662, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": -17.308, "architecture_energy": 28.958, "architecture_maturity": 11.76, "architecture_confidence": 56.766, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 45.77, "rotation_up": 16.99, "upward_expansion": 18.17, "deceleration": 62.27, "rotation_down": 61.04, "downward_expansion": 40.84 }, "activity_lines": [ 69.578447, 70.865129, 71.739607, 71.113651 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 71.46, "trend_reference": 70.236115, "distance_from_trend": 0.017425, "trend_direction": "Improving", "fair_value": 59.305073, "distance_from_fair_value": 0.204956, "fair_value_direction": "Weakening", "relative_strength": -6.536939, "relative_strength_direction": "Weakening", "price_momentum": 0.050882, "excess_performance": -0.074743, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.017425, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.031254, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.204956, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.094954, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.065369, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.083061, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.050882, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.029361, "read": "Demand-led" } ], "volume": { "latest": 116617, "relative_activity": 0.719269, "balance": 1.029361, "dry_up": 0.744341, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.042996, "annualized_volatility": 0.228137, "from_high_reference": -0.067163, "from_low_reference": 0.140854 }, "levels": { "trend_reference": 70.236115, "fair_value_reference": 59.305073, "structural_low": 64.38, "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": 7, "median_return": -0.014703, "positive_rate": 0.142857, "directional_follow_through": 0.142857, "median_excess_return": 0.003041, "regime_survival": 0.571429, "best_return": 0.022722, "worst_return": -0.084461, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.005549, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": 0.030251, "regime_survival": 0.25, "best_return": 0.007421, "worst_return": -0.073068, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.013395, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.053762, "regime_survival": 0.0, "best_return": 0.135817, "worst_return": -0.082215, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": 0.039879, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.013627, "regime_survival": 0.0, "best_return": 0.212458, "worst_return": -0.132701, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-09-22", "end": "2023-10-27", "tenure": "Developing", "return": -0.046277, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2023-11-03", "end": "2023-11-24", "tenure": "New", "return": 0.042074, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-01", "end": "2024-01-26", "tenure": "Developing", "return": -0.007832, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-02-02", "end": "2024-03-01", "tenure": "Developing", "return": 0.051596, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-03-08", "end": "2024-11-08", "tenure": "Extended", "return": 0.102178, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-11-15", "end": "2025-01-10", "tenure": "Developing", "return": -0.039589, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-01-17", "end": "2025-02-14", "tenure": "Developing", "return": 0.025888, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-02-21", "end": "2025-03-28", "tenure": "Developing", "return": -0.03649, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-04", "end": "2025-05-23", "tenure": "Developing", "return": 0.114745, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-05-30", "end": "2025-06-27", "tenure": "Developing", "return": 0.047666, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-04", "end": "2025-11-21", "tenure": "Established", "return": 0.030208, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-11-28", "end": "2026-01-09", "tenure": "Developing", "return": 0.03105, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-16", "end": "2026-07-17", "tenure": "Extended", "return": 0.027864, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.046803, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 48.866405, "volume": 131072, "typical_volume": 293406.05, "trend": 47.861678, "fair_value": 47.433117, "relative_strength": -2.560238, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.214363, "energy": 39.311912, "activity_lines": [ 49.695932, 49.732673, 49.061186, 48.477742 ] }, { "date": "2023-08-25", "close": 49.683942, "volume": 221931, "typical_volume": 295169.45, "trend": 47.918954, "fair_value": 47.500467, "relative_strength": -1.694267, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 40.946529, "energy": 25.951264, "activity_lines": [ 49.589801, 49.749446, 49.181861, 48.595307 ] }, { "date": "2023-09-01", "close": 50.743023, "volume": 163377, "typical_volume": 290353.55, "trend": 48.023502, "fair_value": 47.576964, "relative_strength": -2.024036, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 57.352869, "energy": 32.87849, "activity_lines": [ 49.8747, 49.959175, 49.390396, 48.777505 ] }, { "date": "2023-09-08", "close": 50.482898, "volume": 87588, "typical_volume": 285280.35, "trend": 48.144389, "fair_value": 47.656343, "relative_strength": -1.271203, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.714686, "energy": 39.485972, "activity_lines": [ 50.103858, 50.073468, 49.559485, 48.936176 ] }, { "date": "2023-09-15", "close": 50.445737, "volume": 115452, "typical_volume": 284860.1, "trend": 48.265726, "fair_value": 47.729454, "relative_strength": -1.160888, "stage": 2, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "up", "direction": 60.956391, "energy": 46.243602, "activity_lines": [ 50.308242, 50.150093, 49.706033, 49.08465 ] }, { "date": "2023-09-22", "close": 49.786134, "volume": 111580, "typical_volume": 273843.3, "trend": 48.375816, "fair_value": 47.810177, "relative_strength": 0.515124, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.507465, "energy": 42.909283, "activity_lines": [ 50.222153, 50.081454, 49.77256, 49.182741 ] }, { "date": "2023-09-29", "close": 49.683942, "volume": 123257, "typical_volume": 273896.35, "trend": 48.450892, "fair_value": 47.884764, "relative_strength": 1.0168, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.48409, "energy": 32.795802, "activity_lines": [ 50.040685, 50.003018, 49.817572, 49.267136 ] }, { "date": "2023-10-06", "close": 49.684127, "volume": 253921, "typical_volume": 282087.1, "trend": 48.564027, "fair_value": 47.951184, "relative_strength": 0.556897, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.16596, "energy": 20.381173, "activity_lines": [ 49.859278, 49.934979, 49.847537, 49.3467 ] }, { "date": "2023-10-13", "close": 49.247303, "volume": 233270, "typical_volume": 289203.65, "trend": 48.693136, "fair_value": 48.017928, "relative_strength": -0.759695, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 15.468061, "energy": 13.895566, "activity_lines": [ 49.602857, 49.815217, 49.822938, 49.390782 ] }, { "date": "2023-10-20", "close": 47.630809, "volume": 181504, "typical_volume": 283725.65, "trend": 48.745192, "fair_value": 48.070362, "relative_strength": -1.668115, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": -16.231977, "energy": 24.122771, "activity_lines": [ 48.889977, 49.420634, 49.634031, 49.322245 ] }, { "date": "2023-10-27", "close": 47.482166, "volume": 274283, "typical_volume": 184565.3, "trend": 48.773574, "fair_value": 48.133796, "relative_strength": 0.400275, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -38.106699, "energy": 50.257204, "activity_lines": [ 48.315211, 49.030949, 49.431905, 49.240759 ] }, { "date": "2023-11-03", "close": 49.460977, "volume": 280438, "typical_volume": 188947.95, "trend": 48.857175, "fair_value": 48.19725, "relative_strength": -1.151805, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.426779, "energy": 37.027416, "activity_lines": [ 48.553647, 49.026216, 49.424441, 49.285108 ] }, { "date": "2023-11-10", "close": 49.433106, "volume": 112086, "typical_volume": 172113.3, "trend": 48.916217, "fair_value": 48.253891, "relative_strength": -2.529202, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -14.138404, "energy": 28.469329, "activity_lines": [ 48.797657, 49.02047, 49.415488, 49.322265 ] }, { "date": "2023-11-17", "close": 50.975278, "volume": 254712, "typical_volume": 177847.25, "trend": 49.065639, "fair_value": 48.314224, "relative_strength": -1.761202, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 50.604161, "energy": 23.679152, "activity_lines": [ 49.572459, 49.318935, 49.547038, 49.455107 ] }, { "date": "2023-11-24", "close": 51.54198, "volume": 77334, "typical_volume": 169527.9, "trend": 49.222597, "fair_value": 48.370679, "relative_strength": -1.677691, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "up", "direction": 64.241713, "energy": 46.926254, "activity_lines": [ 50.420963, 49.711484, 49.722119, 49.614871 ] }, { "date": "2023-12-01", "close": 52.201583, "volume": 163114, "typical_volume": 173929.15, "trend": 49.385583, "fair_value": 48.424071, "relative_strength": -1.217661, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.421154, "energy": 76.742676, "activity_lines": [ 51.228591, 50.20403, 49.948163, 49.807064 ] }, { "date": "2023-12-08", "close": 51.699913, "volume": 180979, "typical_volume": 175605.75, "trend": 49.558239, "fair_value": 48.475837, "relative_strength": -2.310961, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.628875, "energy": 78.721995, "activity_lines": [ 51.554367, 50.561446, 50.117228, 49.956375 ] }, { "date": "2023-12-15", "close": 52.396677, "volume": 218975, "typical_volume": 179986.25, "trend": 49.73939, "fair_value": 48.526314, "relative_strength": -3.183029, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.806723, "energy": 82.553297, "activity_lines": [ 51.963135, 51.008892, 50.345766, 50.1395 ] }, { "date": "2023-12-22", "close": 52.349049, "volume": 259359, "typical_volume": 177560.15, "trend": 49.915271, "fair_value": 48.577997, "relative_strength": -4.028036, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.913826, "energy": 79.446687, "activity_lines": [ 52.158456, 51.398359, 50.564105, 50.307865 ] }, { "date": "2023-12-29", "close": 53.235362, "volume": 326531, "typical_volume": 188538.15, "trend": 50.095531, "fair_value": 48.631685, "relative_strength": -2.620117, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.055053, "energy": 79.095525, "activity_lines": [ 52.55763, 51.892578, 50.857084, 50.522065 ] }, { "date": "2024-01-05", "close": 52.763919, "volume": 524587, "typical_volume": 208213.9, "trend": 50.228161, "fair_value": 48.67461, "relative_strength": -1.807347, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 68.577329, "energy": 70.273757, "activity_lines": [ 52.686764, 52.19918, 51.086836, 50.694219 ] }, { "date": "2024-01-12", "close": 52.650773, "volume": 218407, "typical_volume": 208037.7, "trend": 50.326331, "fair_value": 48.719658, "relative_strength": -3.656131, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.988051, "energy": 60.917328, "activity_lines": [ 52.740693, 52.389178, 51.287253, 50.850517 ] }, { "date": "2024-01-19", "close": 51.453307, "volume": 250818, "typical_volume": 212409.75, "trend": 50.438264, "fair_value": 48.755518, "relative_strength": -6.723301, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 60.629104, "energy": 46.95756, "activity_lines": [ 52.332077, 52.303459, 51.359498, 50.923225 ] }, { "date": "2024-01-26", "close": 51.792746, "volume": 598508, "typical_volume": 237955.75, "trend": 50.538595, "fair_value": 48.801964, "relative_strength": -6.851325, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 45.097901, "energy": 31.750471, "activity_lines": [ 52.099498, 52.242725, 51.460687, 51.010611 ] }, { "date": "2024-02-02", "close": 50.802716, "volume": 370172, "typical_volume": 250691.75, "trend": 50.596946, "fair_value": 48.829755, "relative_strength": -9.694546, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 29.19531, "energy": 22.403982, "activity_lines": [ 51.573997, 51.987122, 51.461351, 51.027651 ] }, { "date": "2024-02-09", "close": 51.670171, "volume": 574264, "typical_volume": 273825.95, "trend": 50.643644, "fair_value": 48.855921, "relative_strength": -9.200771, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 28.924972, "energy": 24.196505, "activity_lines": [ 51.499823, 51.902679, 51.54293, 51.096891 ] }, { "date": "2024-02-16", "close": 52.235903, "volume": 435926, "typical_volume": 289459.4, "trend": 50.709708, "fair_value": 48.880869, "relative_strength": -7.706695, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.64046, "energy": 21.689305, "activity_lines": [ 51.687143, 51.930759, 51.669417, 51.199617 ] }, { "date": "2024-02-23", "close": 52.961925, "volume": 244354, "typical_volume": 288981.05, "trend": 50.768187, "fair_value": 48.917376, "relative_strength": -7.7292, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.282739, "energy": 31.996964, "activity_lines": [ 52.144129, 52.081098, 51.852896, 51.344922 ] }, { "date": "2024-03-01", "close": 53.42394, "volume": 362032, "typical_volume": 295419.15, "trend": 50.872416, "fair_value": 48.956512, "relative_strength": -7.596252, "stage": 3, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 69.290717, "energy": 50.985847, "activity_lines": [ 52.654544, 52.305162, 52.064768, 51.516261 ] }, { "date": "2024-03-08", "close": 53.018499, "volume": 363569, "typical_volume": 304522.4, "trend": 50.993477, "fair_value": 48.988815, "relative_strength": -7.809134, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.911403, "energy": 61.909778, "activity_lines": [ 52.921067, 52.435966, 52.218138, 51.654718 ] }, { "date": "2024-03-15", "close": 52.50934, "volume": 281855, "typical_volume": 304901.0, "trend": 51.114908, "fair_value": 49.016406, "relative_strength": -8.406696, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 58.27674, "energy": 59.183615, "activity_lines": [ 52.870151, 52.478139, 52.297361, 51.752515 ] }, { "date": "2024-03-22", "close": 52.792206, "volume": 265223, "typical_volume": 304140.25, "trend": 51.218517, "fair_value": 49.047927, "relative_strength": -9.664069, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.713582, "energy": 51.218301, "activity_lines": [ 52.857579, 52.576371, 52.379584, 51.860728 ] }, { "date": "2024-03-29", "close": 52.613057, "volume": 203416, "typical_volume": 308706.75, "trend": 51.280851, "fair_value": 49.074791, "relative_strength": -10.059723, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 51.873266, "energy": 33.455905, "activity_lines": [ 52.748204, 52.639458, 52.428883, 51.950698 ] }, { "date": "2024-04-05", "close": 53.499371, "volume": 2613691, "typical_volume": 426655.7, "trend": 51.381401, "fair_value": 49.102936, "relative_strength": -7.515782, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 63.852935, "energy": 37.570767, "activity_lines": [ 52.957525, 52.842607, 52.54745, 52.093829 ] }, { "date": "2024-04-12", "close": 52.858208, "volume": 199630, "typical_volume": 432770.5, "trend": 51.461816, "fair_value": 49.124019, "relative_strength": -7.047769, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.050619, "energy": 31.338963, "activity_lines": [ 52.948096, 52.898152, 52.592935, 52.189107 ] }, { "date": "2024-04-19", "close": 52.019039, "volume": 211657, "typical_volume": 435197.65, "trend": 51.536246, "fair_value": 49.135991, "relative_strength": -5.471702, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 29.351899, "energy": 18.064779, "activity_lines": [ 52.669631, 52.763748, 52.55223, 52.225056 ] }, { "date": "2024-04-26", "close": 53.395653, "volume": 207029, "typical_volume": 436500.15, "trend": 51.65997, "fair_value": 49.152555, "relative_strength": -5.320553, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 56.300106, "energy": 30.058858, "activity_lines": [ 52.882723, 52.873294, 52.643502, 52.345018 ] }, { "date": "2024-05-03", "close": 54.857598, "volume": 195736, "typical_volume": 435338.2, "trend": 51.832419, "fair_value": 49.175872, "relative_strength": -3.153039, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.123237, "energy": 45.854448, "activity_lines": [ 53.5429, 53.227562, 52.865931, 52.551317 ] }, { "date": "2024-05-10", "close": 54.102818, "volume": 583614, "typical_volume": 451550.95, "trend": 51.99427, "fair_value": 49.208109, "relative_strength": -6.060831, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.990077, "energy": 56.753465, "activity_lines": [ 53.801848, 53.410131, 53.004757, 52.697794 ] }, { "date": "2024-05-17", "close": 55.639723, "volume": 196741, "typical_volume": 445061.45, "trend": 52.261233, "fair_value": 49.248972, "relative_strength": -4.818869, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.153121, "energy": 81.891, "activity_lines": [ 54.532868, 53.859793, 53.281604, 52.932985 ] }, { "date": "2024-05-24", "close": 54.781696, "volume": 161970, "typical_volume": 426930.6, "trend": 52.504551, "fair_value": 49.268962, "relative_strength": -6.117553, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.389062, "energy": 75.836365, "activity_lines": [ 54.792445, 54.105792, 53.465285, 53.095595 ] }, { "date": "2024-05-31", "close": 54.291395, "volume": 142522, "typical_volume": 423136.35, "trend": 52.665565, "fair_value": 49.27712, "relative_strength": -6.422007, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.128804, "energy": 68.195825, "activity_lines": [ 54.704411, 54.22133, 53.592662, 53.210875 ] }, { "date": "2024-06-07", "close": 53.904812, "volume": 275274, "typical_volume": 424359.15, "trend": 52.814622, "fair_value": 49.281687, "relative_strength": -8.015455, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 57.545552, "energy": 43.830313, "activity_lines": [ 54.427799, 54.239322, 53.67541, 53.290827 ] }, { "date": "2024-06-14", "close": 54.99856, "volume": 105510, "typical_volume": 399709.25, "trend": 52.948731, "fair_value": 49.298761, "relative_strength": -7.454626, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.4682, "energy": 40.839849, "activity_lines": [ 54.57929, 54.432691, 53.85065, 53.431726 ] }, { "date": "2024-06-21", "close": 55.257854, "volume": 80233, "typical_volume": 385212.3, "trend": 53.072594, "fair_value": 49.310584, "relative_strength": -7.432294, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.945619, "energy": 40.986917, "activity_lines": [ 54.757495, 54.645946, 54.035319, 53.580702 ] }, { "date": "2024-06-28", "close": 55.034211, "volume": 172937, "typical_volume": 365145.95, "trend": 53.167015, "fair_value": 49.319235, "relative_strength": -7.588049, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.709782, "energy": 40.190545, "activity_lines": [ 54.886611, 54.774909, 54.177473, 53.707258 ] }, { "date": "2024-07-05", "close": 56.288444, "volume": 119026, "typical_volume": 349300.95, "trend": 53.319966, "fair_value": 49.335476, "relative_strength": -7.06271, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.009514, "energy": 66.562684, "activity_lines": [ 55.416971, 55.077093, 54.423059, 53.90864 ] }, { "date": "2024-07-12", "close": 56.820542, "volume": 118598, "typical_volume": 343013.15, "trend": 53.467428, "fair_value": 49.35623, "relative_strength": -6.883762, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.24, "energy": 79.41588, "activity_lines": [ 55.991559, 55.423426, 54.700023, 54.134484 ] }, { "date": "2024-07-19", "close": 54.977866, "volume": 118852, "typical_volume": 330854.15, "trend": 53.555055, "fair_value": 49.368166, "relative_strength": -7.894148, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.311744, "energy": 61.615067, "activity_lines": [ 55.75754, 55.399037, 54.78312, 54.231931 ] }, { "date": "2024-07-26", "close": 54.861849, "volume": 148182, "typical_volume": 320084.8, "trend": 53.609271, "fair_value": 49.382838, "relative_strength": -7.108776, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.540203, "energy": 45.400282, "activity_lines": [ 55.486229, 55.337644, 54.847768, 54.316241 ] }, { "date": "2024-08-02", "close": 54.179052, "volume": 156099, "typical_volume": 313797.0, "trend": 53.656442, "fair_value": 49.392627, "relative_strength": -6.070465, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 34.832639, "energy": 22.084342, "activity_lines": [ 55.013719, 55.166249, 54.83861, 54.353001 ] }, { "date": "2024-08-09", "close": 53.551936, "volume": 206600, "typical_volume": 310865.85, "trend": 53.686481, "fair_value": 49.403727, "relative_strength": -6.976632, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 9.709546, "energy": 17.200508, "activity_lines": [ 54.389181, 54.891791, 54.761776, 54.346258 ] }, { "date": "2024-08-16", "close": 54.863179, "volume": 95065, "typical_volume": 305448.3, "trend": 53.800144, "fair_value": 49.432491, "relative_strength": -8.126411, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 21.317722, "energy": 20.196946, "activity_lines": [ 54.384157, 54.869185, 54.806204, 54.422174 ] }, { "date": "2024-08-23", "close": 55.72784, "volume": 121540, "typical_volume": 180840.75, "trend": 53.931313, "fair_value": 49.453836, "relative_strength": -7.723392, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 38.961332, "energy": 21.003124, "activity_lines": [ 54.797845, 54.986365, 54.922266, 54.546542 ] }, { "date": "2024-08-30", "close": 55.832359, "volume": 120662, "typical_volume": 176892.35, "trend": 54.098968, "fair_value": 49.469061, "relative_strength": -7.556383, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 53.718839, "energy": 26.365527, "activity_lines": [ 55.196374, 55.109289, 55.03767, 54.66919 ] }, { "date": "2024-09-06", "close": 54.321579, "volume": 84664, "typical_volume": 170542.7, "trend": 54.187348, "fair_value": 49.478193, "relative_strength": -5.933516, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 24.469942, "energy": 18.304578, "activity_lines": [ 55.02661, 54.94708, 54.995028, 54.683552 ] }, { "date": "2024-09-13", "close": 55.347769, "volume": 101624, "typical_volume": 165272.45, "trend": 54.291077, "fair_value": 49.496821, "relative_strength": -7.574445, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 37.95475, "energy": 24.649454, "activity_lines": [ 55.189406, 54.984408, 55.039154, 54.758418 ] }, { "date": "2024-09-20", "close": 56.155419, "volume": 105222, "typical_volume": 160746.75, "trend": 54.397527, "fair_value": 49.523151, "relative_strength": -7.23212, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.717471, "energy": 38.608629, "activity_lines": [ 55.501698, 55.185685, 55.150903, 54.878698 ] }, { "date": "2024-09-27", "close": 58.796909, "volume": 191851, "typical_volume": 141158.6, "trend": 54.576626, "fair_value": 49.5695, "relative_strength": -3.154972, "stage": 3, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.265024, "energy": 68.121549, "activity_lines": [ 56.608336, 55.879325, 55.508042, 55.162529 ] }, { "date": "2024-10-04", "close": 60.440714, "volume": 206494, "typical_volume": 141646.25, "trend": 54.824033, "fair_value": 49.623805, "relative_strength": -0.498133, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 89.757881, "energy": 87.650943, "activity_lines": [ 58.058305, 56.802403, 55.999382, 55.540857 ] }, { "date": "2024-10-11", "close": 58.397835, "volume": 192519, "typical_volume": 143173.7, "trend": 55.020316, "fair_value": 49.661592, "relative_strength": -4.698134, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.888966, "energy": 77.713017, "activity_lines": [ 58.520091, 57.252613, 56.273299, 55.771425 ] }, { "date": "2024-10-18", "close": 58.416839, "volume": 88506, "typical_volume": 140472.9, "trend": 55.207804, "fair_value": 49.701633, "relative_strength": -5.230878, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.643306, "energy": 78.874337, "activity_lines": [ 58.716461, 57.629574, 56.531807, 55.990556 ] }, { "date": "2024-10-25", "close": 57.705727, "volume": 83621, "typical_volume": 130890.25, "trend": 55.37756, "fair_value": 49.738799, "relative_strength": -5.184107, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.526483, "energy": 67.220808, "activity_lines": [ 58.471189, 57.788789, 56.702945, 56.151712 ] }, { "date": "2024-11-01", "close": 58.04437, "volume": 77700, "typical_volume": 129499.75, "trend": 55.52906, "fair_value": 49.773141, "relative_strength": -3.048888, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 56.338377, "energy": 42.717473, "activity_lines": [ 58.235444, 57.957893, 56.888235, 56.323764 ] }, { "date": "2024-11-08", "close": 58.435842, "volume": 150358, "typical_volume": 133006.0, "trend": 55.714981, "fair_value": 49.805224, "relative_strength": -6.550305, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.782267, "energy": 39.940857, "activity_lines": [ 58.180359, 58.156055, 57.096304, 56.511298 ] }, { "date": "2024-11-15", "close": 56.582998, "volume": 189813, "typical_volume": 133849.8, "trend": 55.867113, "fair_value": 49.830311, "relative_strength": -7.284359, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.373744, "energy": 23.078394, "activity_lines": [ 57.641317, 57.97, 57.112779, 56.5673 ] }, { "date": "2024-11-22", "close": 57.048585, "volume": 186534, "typical_volume": 137225.2, "trend": 55.988877, "fair_value": 49.869048, "relative_strength": -7.730919, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.185329, "energy": 19.210276, "activity_lines": [ 57.378461, 57.827481, 57.16622, 56.643524 ] }, { "date": "2024-11-29", "close": 58.093779, "volume": 92964, "typical_volume": 135943.5, "trend": 56.09675, "fair_value": 49.914874, "relative_strength": -6.813177, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.071839, "energy": 20.100954, "activity_lines": [ 57.555219, 57.844072, 57.315584, 56.779324 ] }, { "date": "2024-12-06", "close": 58.929934, "volume": 118852, "typical_volume": 135943.5, "trend": 56.257654, "fair_value": 49.95927, "relative_strength": -5.994481, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 61.489668, "energy": 29.418342, "activity_lines": [ 57.984825, 57.97745, 57.538518, 56.96211 ] }, { "date": "2024-12-13", "close": 58.483351, "volume": 161416, "typical_volume": 136605.2, "trend": 56.352442, "fair_value": 50.005741, "relative_strength": -5.871876, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 55.924609, "energy": 32.937699, "activity_lines": [ 58.206533, 58.027211, 57.700102, 57.105703 ] }, { "date": "2024-12-20", "close": 57.72321, "volume": 252725, "typical_volume": 141436.5, "trend": 56.450492, "fair_value": 50.041374, "relative_strength": -5.104672, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 49.959638, "energy": 31.168541, "activity_lines": [ 58.171693, 57.974354, 57.772045, 57.19414 ] }, { "date": "2024-12-27", "close": 57.322116, "volume": 146345, "typical_volume": 138423.75, "trend": 56.551516, "fair_value": 50.069051, "relative_strength": -6.075248, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.140075, "energy": 26.499126, "activity_lines": [ 57.927141, 57.860836, 57.788913, 57.250374 ] }, { "date": "2025-01-03", "close": 56.409931, "volume": 167912, "typical_volume": 142066.1, "trend": 56.63502, "fair_value": 50.094647, "relative_strength": -6.761477, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.065612, "energy": 7.881649, "activity_lines": [ 57.360292, 57.601371, 57.700952, 57.241239 ] }, { "date": "2025-01-10", "close": 54.342957, "volume": 216163, "typical_volume": 146797.25, "trend": 56.613167, "fair_value": 50.103971, "relative_strength": -8.088999, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -37.930939, "energy": 42.609693, "activity_lines": [ 56.216709, 56.989651, 57.408771, 57.093364 ] }, { "date": "2025-01-17", "close": 55.478337, "volume": 278157, "typical_volume": 154672.0, "trend": 56.620516, "fair_value": 50.127562, "relative_strength": -8.590126, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.943478, "energy": 49.592883, "activity_lines": [ 55.757383, 56.651664, 57.231317, 57.020149 ] }, { "date": "2025-01-24", "close": 56.409931, "volume": 195649, "typical_volume": 160221.25, "trend": 56.666373, "fair_value": 50.166291, "relative_strength": -8.386152, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.427235, "energy": 47.734802, "activity_lines": [ 55.808923, 56.536829, 57.144271, 57.006563 ] }, { "date": "2025-01-31", "close": 55.420112, "volume": 138039, "typical_volume": 162042.0, "trend": 56.637429, "fair_value": 50.193233, "relative_strength": -8.866324, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.947672, "energy": 49.904481, "activity_lines": [ 55.618076, 56.245175, 56.953012, 56.926159 ] }, { "date": "2025-02-07", "close": 56.468252, "volume": 252866, "typical_volume": 169424.2, "trend": 56.625686, "fair_value": 50.225691, "relative_strength": -6.795602, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.969331, "energy": 23.782877, "activity_lines": [ 55.903409, 56.173699, 56.861232, 56.915245 ] }, { "date": "2025-02-14", "close": 56.914544, "volume": 111168, "typical_volume": 165390.05, "trend": 56.690242, "fair_value": 50.260322, "relative_strength": -7.212536, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -11.753127, "energy": 10.414214, "activity_lines": [ 56.333618, 56.212923, 56.810466, 56.933881 ] }, { "date": "2025-02-21", "close": 57.458556, "volume": 139414, "typical_volume": 162036.05, "trend": 56.776799, "fair_value": 50.304914, "relative_strength": -4.622144, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 3.607026, "energy": 7.21407, "activity_lines": [ 56.773724, 56.387702, 56.820475, 56.983449 ] }, { "date": "2025-02-28", "close": 55.449225, "volume": 166686, "typical_volume": 160744.4, "trend": 56.819138, "fair_value": 50.344531, "relative_strength": -6.847872, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -16.642246, "energy": 11.746742, "activity_lines": [ 56.41204, 56.21578, 56.653319, 56.897799 ] }, { "date": "2025-03-07", "close": 56.95336, "volume": 300431, "typical_volume": 171340.65, "trend": 56.932519, "fair_value": 50.400091, "relative_strength": -1.172732, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.946023, "energy": 15.78508, "activity_lines": [ 56.615781, 56.358682, 56.643455, 56.906459 ] }, { "date": "2025-03-14", "close": 56.875727, "volume": 213506, "typical_volume": 177834.9, "trend": 56.999604, "fair_value": 50.443983, "relative_strength": 1.04842, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.666403, "energy": 13.653122, "activity_lines": [ 56.691427, 56.494175, 56.633167, 56.902795 ] }, { "date": "2025-03-21", "close": 56.613717, "volume": 124568, "typical_volume": 180178.3, "trend": 57.029133, "fair_value": 50.482873, "relative_strength": 0.115452, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.806171, "energy": 12.81075, "activity_lines": [ 56.652572, 56.573559, 56.601877, 56.877899 ] }, { "date": "2025-03-28", "close": 55.361888, "volume": 207165, "typical_volume": 183018.65, "trend": 57.01345, "fair_value": 50.508296, "relative_strength": -0.589873, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -52.923891, "energy": 23.371866, "activity_lines": [ 56.216496, 56.384052, 56.458179, 56.770335 ] }, { "date": "2025-04-04", "close": 51.926637, "volume": 209596, "typical_volume": 184007.8, "trend": 56.933619, "fair_value": 50.515937, "relative_strength": 2.572683, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.41421, "energy": 67.986848, "activity_lines": [ 54.775113, 55.572072, 56.001951, 56.442153 ] }, { "date": "2025-04-11", "close": 51.984861, "volume": 459114, "typical_volume": 197636.8, "trend": 56.821522, "fair_value": 50.527904, "relative_strength": -2.685551, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.558359, "energy": 78.563051, "activity_lines": [ 53.587979, 54.852192, 55.573442, 56.122878 ] }, { "date": "2025-04-18", "close": 52.751485, "volume": 79607, "typical_volume": 196968.95, "trend": 56.708058, "fair_value": 50.553837, "relative_strength": 0.281206, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.398388, "energy": 79.712922, "activity_lines": [ 52.987618, 54.334157, 55.242058, 55.860295 ] }, { "date": "2025-04-25", "close": 54.197396, "volume": 121027, "typical_volume": 197077.7, "trend": 56.554741, "fair_value": 50.597117, "relative_strength": -1.352586, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.229632, "energy": 74.93316, "activity_lines": [ 53.144178, 54.146592, 55.073818, 55.698317 ] }, { "date": "2025-05-02", "close": 56.448747, "volume": 137976, "typical_volume": 195905.7, "trend": 56.421675, "fair_value": 50.661989, "relative_strength": -0.002577, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.300346, "energy": 34.320498, "activity_lines": [ 54.212276, 54.417767, 55.14253, 55.691479 ] }, { "date": "2025-05-09", "close": 56.19644, "volume": 101599, "typical_volume": 188349.4, "trend": 56.348295, "fair_value": 50.731602, "relative_strength": 0.085877, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -25.810583, "energy": 15.733879, "activity_lines": [ 55.123814, 54.661428, 55.1969, 55.676948 ] }, { "date": "2025-05-16", "close": 57.846137, "volume": 134063, "typical_volume": 187735.3, "trend": 56.329272, "fair_value": 50.806749, "relative_strength": -1.981338, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -0.796183, "energy": 19.422117, "activity_lines": [ 56.300598, 55.191448, 55.415655, 55.773583 ] }, { "date": "2025-05-23", "close": 57.884954, "volume": 74391, "typical_volume": 183059.25, "trend": 56.335246, "fair_value": 50.877729, "relative_strength": 0.734441, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 28.261075, "energy": 35.37825, "activity_lines": [ 57.099569, 55.712294, 55.635611, 55.873949 ] }, { "date": "2025-05-30", "close": 57.719984, "volume": 62837, "typical_volume": 175392.95, "trend": 56.324433, "fair_value": 50.943532, "relative_strength": -1.183543, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 26.863154, "energy": 43.074739, "activity_lines": [ 57.501318, 56.184795, 55.832832, 55.963287 ] }, { "date": "2025-06-06", "close": 59.068854, "volume": 151846, "typical_volume": 169077.4, "trend": 56.345534, "fair_value": 51.025829, "relative_strength": -0.449707, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.644136, "energy": 64.636345, "activity_lines": [ 58.117852, 56.882432, 56.142436, 56.140347 ] }, { "date": "2025-06-13", "close": 59.185303, "volume": 87027, "typical_volume": 163646.3, "trend": 56.432277, "fair_value": 51.121477, "relative_strength": 0.171709, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 46.050437, "energy": 65.413259, "activity_lines": [ 58.598529, 57.533842, 56.446033, 56.323558 ] }, { "date": "2025-06-20", "close": 57.7588, "volume": 81879, "typical_volume": 160838.3, "trend": 56.455951, "fair_value": 51.204673, "relative_strength": -1.979972, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 34.785896, "energy": 49.705897, "activity_lines": [ 58.404446, 57.793912, 56.600556, 56.40914 ] }, { "date": "2025-06-27", "close": 60.471282, "volume": 116762, "typical_volume": 154033.1, "trend": 56.535201, "fair_value": 51.313671, "relative_strength": -0.741939, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 78.151878, "energy": 68.051803, "activity_lines": [ 59.120347, 58.442179, 57.002274, 56.668193 ] }, { "date": "2025-07-04", "close": 61.701995, "volume": 64511, "typical_volume": 151700.25, "trend": 56.627603, "fair_value": 51.430413, "relative_strength": -0.33216, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.226971, "energy": 81.918118, "activity_lines": [ 60.074064, 59.173853, 57.50214, 57.001535 ] }, { "date": "2025-07-11", "close": 61.506226, "volume": 92099, "typical_volume": 149334.5, "trend": 56.728365, "fair_value": 51.551325, "relative_strength": -0.294959, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 78.606565, "energy": 87.50356, "activity_lines": [ 60.697057, 59.733485, 57.960565, 57.316285 ] }, { "date": "2025-07-18", "close": 62.281061, "volume": 105579, "typical_volume": 146279.15, "trend": 56.880294, "fair_value": 51.669893, "relative_strength": 0.36594, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 80.270349, "energy": 91.34048, "activity_lines": [ 61.415837, 60.342042, 58.473509, 57.674523 ] }, { "date": "2025-07-25", "close": 62.565495, "volume": 79009, "typical_volume": 135208.05, "trend": 57.055073, "fair_value": 51.783669, "relative_strength": -0.60852, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.636943, "energy": 90.447252, "activity_lines": [ 62.023045, 60.891685, 58.981009, 58.04131 ] }, { "date": "2025-08-01", "close": 61.498576, "volume": 60863, "typical_volume": 127575.9, "trend": 57.224695, "fair_value": 51.891593, "relative_strength": 0.191662, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.513733, "energy": 85.887444, "activity_lines": [ 61.954166, 61.161536, 59.360173, 58.327988 ] }, { "date": "2025-08-08", "close": 62.751749, "volume": 66752, "typical_volume": 124685.1, "trend": 57.504988, "fair_value": 51.998776, "relative_strength": -0.184228, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 76.344496, "energy": 84.460146, "activity_lines": [ 62.234525, 61.593534, 59.836674, 58.684572 ] }, { "date": "2025-08-15", "close": 63.898898, "volume": 73105, "typical_volume": 117982.1, "trend": 57.785673, "fair_value": 52.116226, "relative_strength": 0.669225, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 84.66361, "energy": 86.593137, "activity_lines": [ 62.827284, 62.142619, 60.393198, 59.097082 ] }, { "date": "2025-08-22", "close": 65.262412, "volume": 97495, "typical_volume": 112377.05, "trend": 58.080756, "fair_value": 52.24327, "relative_strength": 2.504136, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 89.171814, "energy": 84.577516, "activity_lines": [ 63.715036, 62.851796, 61.038929, 59.579453 ] }, { "date": "2025-08-29", "close": 65.164625, "volume": 239317, "typical_volume": 101387.2, "trend": 58.405573, "fair_value": 52.372024, "relative_strength": 2.37699, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 80.983473, "energy": 87.316488, "activity_lines": [ 64.371436, 63.4327, 61.611842, 60.036476 ] }, { "date": "2025-09-05", "close": 65.476913, "volume": 229219, "typical_volume": 108867.8, "trend": 58.705862, "fair_value": 52.498939, "relative_strength": 2.531821, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.958862, "energy": 88.148516, "activity_lines": [ 64.958656, 63.935733, 62.151737, 60.492692 ] }, { "date": "2025-09-12", "close": 66.014983, "volume": 85573, "typical_volume": 107095.1, "trend": 59.00921, "fair_value": 52.636858, "relative_strength": 1.761106, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.058647, "energy": 87.331227, "activity_lines": [ 65.460011, 64.445585, 62.682279, 60.964248 ] }, { "date": "2025-09-19", "close": 66.784522, "volume": 139315, "typical_volume": 107162.05, "trend": 59.320075, "fair_value": 52.79178, "relative_strength": 1.679147, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.070807, "energy": 88.884976, "activity_lines": [ 66.00033, 65.016936, 63.229836, 61.465881 ] }, { "date": "2025-09-26", "close": 65.262706, "volume": 156455, "typical_volume": 109904.85, "trend": 59.647191, "fair_value": 52.945766, "relative_strength": -0.24852, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.878877, "energy": 73.065261, "activity_lines": [ 65.841001, 65.215624, 63.58324, 61.849277 ] }, { "date": "2025-10-03", "close": 66.230858, "volume": 133399, "typical_volume": 109871.65, "trend": 59.956441, "fair_value": 53.102245, "relative_strength": 0.265386, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.068887, "energy": 68.139819, "activity_lines": [ 66.004371, 65.536127, 63.985677, 62.274029 ] }, { "date": "2025-10-10", "close": 64.275527, "volume": 110332, "typical_volume": 111668.7, "trend": 60.203101, "fair_value": 53.253964, "relative_strength": -0.213272, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.676519, "energy": 60.072618, "activity_lines": [ 65.444881, 65.434473, 64.161964, 62.55268 ] }, { "date": "2025-10-17", "close": 65.419831, "volume": 124636, "typical_volume": 114758.65, "trend": 60.496638, "fair_value": 53.406307, "relative_strength": -0.122829, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 50.006535, "energy": 46.782324, "activity_lines": [ 65.346918, 65.490385, 64.416801, 62.889243 ] }, { "date": "2025-10-24", "close": 66.253318, "volume": 63004, "typical_volume": 110316.55, "trend": 60.859686, "fair_value": 53.566701, "relative_strength": -0.712197, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 60.500617, "energy": 50.036154, "activity_lines": [ 65.566461, 65.649328, 64.714353, 63.260642 ] }, { "date": "2025-10-31", "close": 65.970454, "volume": 77057, "typical_volume": 109818.05, "trend": 61.327813, "fair_value": 53.713561, "relative_strength": -1.715228, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 62.280454, "energy": 47.34053, "activity_lines": [ 65.72713, 65.714035, 64.950753, 63.590369 ] }, { "date": "2025-11-07", "close": 65.557732, "volume": 1813285, "typical_volume": 196388.35, "trend": 61.780242, "fair_value": 53.850812, "relative_strength": -0.693194, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.240814, "energy": 46.498272, "activity_lines": [ 65.703041, 65.690827, 65.115535, 63.863267 ] }, { "date": "2025-11-14", "close": 65.895128, "volume": 133842, "typical_volume": 197242.35, "trend": 62.218364, "fair_value": 53.991097, "relative_strength": -0.330555, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 59.153748, "energy": 46.846743, "activity_lines": [ 65.836293, 65.721817, 65.275313, 64.128744 ] }, { "date": "2025-11-21", "close": 63.565915, "volume": 186541, "typical_volume": 203343.85, "trend": 62.530648, "fair_value": 54.114999, "relative_strength": -1.961949, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 26.575967, "energy": 19.591733, "activity_lines": [ 65.085167, 65.321709, 65.187434, 64.215682 ] }, { "date": "2025-11-28", "close": 65.09646, "volume": 52154, "typical_volume": 201346.6, "trend": 62.818905, "fair_value": 54.236296, "relative_strength": -3.136144, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 32.919304, "energy": 17.581496, "activity_lines": [ 64.967817, 65.244411, 65.236445, 64.381219 ] }, { "date": "2025-12-05", "close": 64.546719, "volume": 116546, "typical_volume": 201894.95, "trend": 63.097247, "fair_value": 54.357608, "relative_strength": -4.201494, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 18.078073, "energy": 15.318742, "activity_lines": [ 64.744345, 65.097852, 65.216003, 64.492691 ] }, { "date": "2025-12-12", "close": 64.235412, "volume": 77234, "typical_volume": 201806.2, "trend": 63.310223, "fair_value": 54.47971, "relative_strength": -4.04363, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.283229, "energy": 15.50518, "activity_lines": [ 64.512018, 64.90771, 65.155124, 64.566121 ] }, { "date": "2025-12-19", "close": 64.566335, "volume": 126017, "typical_volume": 205063.9, "trend": 63.532936, "fair_value": 54.607488, "relative_strength": -3.591819, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.632079, "energy": 12.282266, "activity_lines": [ 64.478154, 64.814017, 65.117809, 64.64716 ] }, { "date": "2025-12-26", "close": 65.96, "volume": 155799, "typical_volume": 209516.25, "trend": 63.807603, "fair_value": 54.741486, "relative_strength": -2.861287, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.643107, "energy": 16.894511, "activity_lines": [ 64.997432, 64.968429, 65.198617, 64.803745 ] }, { "date": "2026-01-02", "close": 66.339, "volume": 179055, "typical_volume": 214813.75, "trend": 64.049941, "fair_value": 54.867939, "relative_strength": -1.295468, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.733612, "energy": 27.948296, "activity_lines": [ 65.483437, 65.18193, 65.300242, 64.967061 ] }, { "date": "2026-01-09", "close": 67.1177, "volume": 171135, "typical_volume": 218495.75, "trend": 64.314354, "fair_value": 54.994958, "relative_strength": -1.743372, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 70.082241, "energy": 59.497474, "activity_lines": [ 66.146172, 65.535454, 65.464409, 65.164981 ] }, { "date": "2026-01-16", "close": 67.47, "volume": 146109, "typical_volume": 213835.35, "trend": 64.638061, "fair_value": 55.12155, "relative_strength": -0.953574, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.482021, "energy": 74.784952, "activity_lines": [ 66.754942, 65.932174, 65.653294, 65.368571 ] }, { "date": "2026-01-23", "close": 68.55, "volume": 86741, "typical_volume": 206711.45, "trend": 64.907352, "fair_value": 55.253501, "relative_strength": 0.876592, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.878168, "energy": 84.148092, "activity_lines": [ 67.508073, 66.490489, 65.934058, 65.620954 ] }, { "date": "2026-01-30", "close": 67.65, "volume": 115818, "typical_volume": 208223.7, "trend": 65.105619, "fair_value": 55.381984, "relative_strength": -0.930885, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.952698, "energy": 76.442898, "activity_lines": [ 67.695627, 66.836898, 66.114475, 65.797899 ] }, { "date": "2026-02-06", "close": 68.0, "volume": 755444, "typical_volume": 239030.15, "trend": 65.322078, "fair_value": 55.517521, "relative_strength": -0.289129, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.569716, "energy": 73.482809, "activity_lines": [ 67.88718, 67.172686, 66.320438, 65.984633 ] }, { "date": "2026-02-13", "close": 68.95, "volume": 120612, "typical_volume": 237238.0, "trend": 65.544376, "fair_value": 55.659472, "relative_strength": 2.285946, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.519614, "energy": 70.570838, "activity_lines": [ 68.284667, 67.628411, 66.61109, 66.218693 ] }, { "date": "2026-02-20", "close": 69.6661, "volume": 175799, "typical_volume": 239358.0, "trend": 65.781062, "fair_value": 55.808079, "relative_strength": 2.114511, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 80.3659, "energy": 74.440392, "activity_lines": [ 68.7987, 68.134275, 66.952384, 66.48461 ] }, { "date": "2026-02-27", "close": 70.05, "volume": 206360, "typical_volume": 244159.4, "trend": 66.06611, "fair_value": 55.953068, "relative_strength": 3.037887, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.932125, "energy": 83.841677, "activity_lines": [ 69.294293, 68.6112, 67.313881, 66.760026 ] }, { "date": "2026-03-06", "close": 65.84, "volume": 168083, "typical_volume": 246331.75, "trend": 66.169052, "fair_value": 56.078388, "relative_strength": -1.153565, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 44.315004, "energy": 37.565205, "activity_lines": [ 68.286553, 68.222967, 67.246928, 66.745438 ] }, { "date": "2026-03-13", "close": 65.88, "volume": 227405, "typical_volume": 254551.8, "trend": 66.235088, "fair_value": 56.209837, "relative_strength": 0.467293, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 25.813384, "energy": 16.514056, "activity_lines": [ 67.412813, 67.844189, 67.181784, 66.72679 ] }, { "date": "2026-03-20", "close": 64.9467, "volume": 136425, "typical_volume": 257520.2, "trend": 66.224565, "fair_value": 56.330847, "relative_strength": 0.887026, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 4.87814, "energy": 17.668505, "activity_lines": [ 66.369307, 67.304065, 67.029531, 66.643668 ] }, { "date": "2026-03-27", "close": 64.9, "volume": 164256, "typical_volume": 175068.75, "trend": 66.215744, "fair_value": 56.447958, "relative_strength": 3.085197, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -25.027272, "energy": 33.700837, "activity_lines": [ 65.57712, 66.794924, 66.877707, 66.558212 ] }, { "date": "2026-04-03", "close": 66.19, "volume": 151399, "typical_volume": 175946.6, "trend": 66.239513, "fair_value": 56.571272, "relative_strength": 1.708637, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -17.254943, "energy": 27.820179, "activity_lines": [ 65.532673, 66.567055, 66.851871, 66.556551 ] }, { "date": "2026-04-10", "close": 69.6, "volume": 1035579, "typical_volume": 218398.5, "trend": 66.359014, "fair_value": 56.711901, "relative_strength": 3.149991, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.54274, "energy": 17.21508, "activity_lines": [ 66.882227, 67.002095, 67.149393, 66.773357 ] }, { "date": "2026-04-17", "close": 73.55, "volume": 120445, "typical_volume": 221813.05, "trend": 66.58453, "fair_value": 56.885346, "relative_strength": 4.250124, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.778991, "energy": 57.937435, "activity_lines": [ 69.29778, 68.119862, 67.794372, 67.237291 ] }, { "date": "2026-04-24", "close": 71.684313, "volume": 195916, "typical_volume": 225781.55, "trend": 66.798583, "fair_value": 57.044648, "relative_strength": 1.048233, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.712296, "energy": 68.742364, "activity_lines": [ 70.580104, 68.797504, 68.221412, 67.56631 ] }, { "date": "2026-05-01", "close": 72.712331, "volume": 86599, "typical_volume": 226249.8, "trend": 67.014633, "fair_value": 57.20747, "relative_strength": 1.539919, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.774066, "energy": 78.583032, "activity_lines": [ 71.755927, 69.612344, 68.712369, 67.947842 ] }, { "date": "2026-05-08", "close": 74.598535, "volume": 108720, "typical_volume": 225384.95, "trend": 67.358733, "fair_value": 57.38746, "relative_strength": 1.769129, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.175878, "energy": 85.510639, "activity_lines": [ 73.039663, 70.714744, 69.342599, 68.437126 ] }, { "date": "2026-05-15", "close": 72.13296, "volume": 102665, "typical_volume": 222728.25, "trend": 67.582504, "fair_value": 57.548811, "relative_strength": -1.784063, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.477876, "energy": 73.900619, "activity_lines": [ 72.940971, 71.286157, 69.690239, 68.74514 ] }, { "date": "2026-05-22", "close": 73.618856, "volume": 63037, "typical_volume": 216927.35, "trend": 67.828022, "fair_value": 57.718979, "relative_strength": -0.585073, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.457804, "energy": 63.665607, "activity_lines": [ 73.168713, 72.013316, 70.149999, 69.134582 ] }, { "date": "2026-05-29", "close": 74.35436, "volume": 121069, "typical_volume": 214424.05, "trend": 68.107485, "fair_value": 57.889023, "relative_strength": -1.015983, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 69.220478, "energy": 54.09533, "activity_lines": [ 73.637034, 72.733496, 70.64514, 69.555636 ] }, { "date": "2026-06-05", "close": 71.446093, "volume": 95254, "typical_volume": 211881.3, "trend": 68.303764, "fair_value": 58.034286, "relative_strength": -2.392555, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 58.393976, "energy": 41.902196, "activity_lines": [ 72.957929, 72.753852, 70.828843, 69.771031 ] }, { "date": "2026-06-12", "close": 73.312148, "volume": 163646, "typical_volume": 215726.55, "trend": 68.550998, "fair_value": 58.185609, "relative_strength": -0.38256, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 51.583556, "energy": 38.444347, "activity_lines": [ 72.985258, 72.994471, 71.171333, 70.094152 ] }, { "date": "2026-06-19", "close": 75.585163, "volume": 84239, "typical_volume": 214147.6, "trend": 68.951639, "fair_value": 58.361826, "relative_strength": 1.702226, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 72.814207, "energy": 48.542009, "activity_lines": [ 73.856017, 73.518871, 71.707622, 70.547969 ] }, { "date": "2026-06-26", "close": 72.9, "volume": 115858, "typical_volume": 182168.3, "trend": 69.211758, "fair_value": 58.516424, "relative_strength": 0.466488, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.398789, "energy": 35.630985, "activity_lines": [ 73.601576, 73.446239, 71.950396, 70.802702 ] }, { "date": "2026-07-03", "close": 73.33, "volume": 82934, "typical_volume": 180284.4, "trend": 69.504534, "fair_value": 58.672051, "relative_strength": -1.058575, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 54.104183, "energy": 36.053218, "activity_lines": [ 73.538392, 73.463607, 72.210789, 71.068395 ] }, { "date": "2026-07-10", "close": 73.8273, "volume": 68308, "typical_volume": 174909.85, "trend": 69.824263, "fair_value": 58.823064, "relative_strength": -1.692868, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 55.081903, "energy": 36.769885, "activity_lines": [ 73.709265, 73.541472, 72.497686, 71.347283 ] }, { "date": "2026-07-17", "close": 69.35, "volume": 147499, "typical_volume": 171966.8, "trend": 69.983719, "fair_value": 58.945474, "relative_strength": -6.078395, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 17.361589, "energy": 13.223357, "activity_lines": [ 72.228958, 72.78501, 72.338358, 71.316686 ] }, { "date": "2026-07-24", "close": 68.265, "volume": 87000, "typical_volume": 167912.65, "trend": 70.060552, "fair_value": 59.054817, "relative_strength": -6.877832, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": -6.955954, "energy": 16.951341, "activity_lines": [ 70.651127, 71.926703, 72.079031, 71.205801 ] }, { "date": "2026-07-31", "close": 67.2636, "volume": 131612, "typical_volume": 163123.0, "trend": 70.091372, "fair_value": 59.163577, "relative_strength": -9.063048, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -32.836202, "energy": 36.489832, "activity_lines": [ 69.227507, 70.95665, 71.712785, 71.025352 ] }, { "date": "2026-08-07", "close": 71.46, "volume": 116617, "typical_volume": 162132.6, "trend": 70.236115, "fair_value": 59.305073, "relative_strength": -6.536939, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -17.308008, "energy": 28.95802, "activity_lines": [ 69.578447, 70.865129, 71.739607, 71.113651 ] } ], "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." } } }