{ "ticker": { "uuid": "ff3231f5-94b9-4baf-844e-057b93d1c7bc", "symbol": "NFLX", "name": "Netflix Inc", "exchange": "NASDAQ", "country": "US", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "QQQ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -63.02, "architecture_energy": 65.29, "architecture_maturity": 32.395, "architecture_confidence": 95.795, "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": 15.54, "rotation_up": 20.68, "upward_expansion": 13.32, "deceleration": 44.46, "rotation_down": 58.46, "downward_expansion": 84.32 }, "activity_lines": [ 71.938667, 73.252182, 78.546857, 82.127204 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 74.14, "trend_reference": 85.113333, "distance_from_trend": -0.128926, "trend_direction": "Weakening", "fair_value": 81.883843, "distance_from_fair_value": -0.094571, "fair_value_direction": "Weakening", "relative_strength": -33.119693, "relative_strength_direction": "Weakening", "price_momentum": -0.098054, "excess_performance": -0.285507, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.128926, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.08872, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.094571, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.203534, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.331197, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.005182, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.098054, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.555453, "read": "Supply-led" } ], "volume": { "latest": 159389762, "relative_activity": 0.78358, "balance": 0.555453, "dry_up": 1.16155, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.072633, "annualized_volatility": 0.403849, "from_high_reference": -0.414884, "from_low_reference": 0.139213 }, "levels": { "trend_reference": 85.113333, "fair_value_reference": 81.883843, "structural_low": 65.08, "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": 14, "median_return": -0.06141, "positive_rate": 0.357143, "directional_follow_through": 0.642857, "median_excess_return": -0.036934, "regime_survival": 0.857143, "best_return": 0.249792, "worst_return": -0.491486, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.126223, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.05254, "regime_survival": 0.6, "best_return": 0.328608, "worst_return": -0.520482, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.150609, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.317845, "regime_survival": 0.333333, "best_return": 0.393341, "worst_return": -0.362909, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 1, "median_return": -0.112315, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": 0.017802, "regime_survival": 0.0, "best_return": -0.112315, "worst_return": -0.112315, "sufficient": false } ], "ledger": [ { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2023-12-01", "end": "2024-04-19", "tenure": "Established", "return": 0.191738, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2024-04-26", "end": "2024-05-24", "tenure": "Developing", "return": 0.15238, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-05-31", "end": "2024-08-02", "tenure": "Developing", "return": -0.043608, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-08-09", "end": "2024-08-30", "tenure": "New", "return": 0.106335, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2024-09-06", "end": "2025-01-10", "tenure": "Established", "return": 0.258227, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-17", "end": "2025-01-31", "tenure": "New", "return": 0.138282, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-07", "end": "2025-03-14", "tenure": "Developing", "return": -0.094612, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-03-21", "end": "2025-04-25", "tenure": "Developing", "return": 0.147081, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-02", "end": "2025-07-25", "tenure": "Established", "return": 0.020752, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-08-01", "end": "2025-10-31", "tenure": "Established", "return": -0.0343, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-07", "end": "2025-11-14", "tenure": "New", "return": 0.007711, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-11-21", "end": "2026-03-27", "tenure": "Established", "return": -0.104304, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-04-03", "end": "2026-05-29", "tenure": "Developing", "return": -0.128117, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-06-05", "end": "2026-08-07", "tenure": "Developing", "return": -0.097834, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 40.453, "volume": 21644647, "typical_volume": 32764525.7, "trend": 37.250833, "fair_value": 41.974744, "relative_strength": 6.516635, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 40.978386, "energy": 27.312968, "activity_lines": [ 41.887667, 42.548945, 41.258952, 39.364032 ] }, { "date": "2023-08-25", "close": 41.603, "volume": 26718316, "typical_volume": 33271551.05, "trend": 37.435033, "fair_value": 41.905603, "relative_strength": 6.974075, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 36.764311, "energy": 21.996241, "activity_lines": [ 41.681533, 42.317582, 41.482667, 39.644817 ] }, { "date": "2023-09-01", "close": 43.988, "volume": 19637029, "typical_volume": 33082149.45, "trend": 37.681633, "fair_value": 41.856776, "relative_strength": 8.274927, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 50.601805, "energy": 28.097121, "activity_lines": [ 42.346867, 42.548818, 41.897, 40.067589 ] }, { "date": "2023-09-08", "close": 44.28, "volume": 15645168, "typical_volume": 30740768.6, "trend": 37.999767, "fair_value": 41.831628, "relative_strength": 9.63151, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 62.382925, "energy": 36.733649, "activity_lines": [ 43.015533, 42.804309, 42.290929, 40.49329 ] }, { "date": "2023-09-15", "close": 39.694, "volume": 37706606, "typical_volume": 31352410.8, "trend": 38.163033, "fair_value": 41.784821, "relative_strength": -1.66289, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.95581, "energy": 19.785629, "activity_lines": [ 42.080867, 42.221782, 42.193419, 40.602596 ] }, { "date": "2023-09-22", "close": 37.981, "volume": 21907563, "typical_volume": 31318066.6, "trend": 38.3719, "fair_value": 41.71875, "relative_strength": -3.056617, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -2.133868, "energy": 5.940575, "activity_lines": [ 40.74, 41.402636, 41.900857, 40.590852 ] }, { "date": "2023-09-29", "close": 37.76, "volume": 20265395, "typical_volume": 30859374.7, "trend": 38.579967, "fair_value": 41.638327, "relative_strength": -3.999212, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.554631, "energy": 20.948398, "activity_lines": [ 39.490267, 40.656218, 41.560081, 40.551374 ] }, { "date": "2023-10-06", "close": 38.151, "volume": 26096784, "typical_volume": 30177635.0, "trend": 38.8758, "fair_value": 41.53709, "relative_strength": -5.056523, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -23.397615, "energy": 33.752511, "activity_lines": [ 38.627067, 40.071618, 41.238586, 40.523699 ] }, { "date": "2023-10-13", "close": 35.568, "volume": 33432542, "typical_volume": 30055794.35, "trend": 39.049733, "fair_value": 41.42484, "relative_strength": -11.757025, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.344533, "energy": 59.637942, "activity_lines": [ 37.292, 39.097873, 40.6634, 40.310292 ] }, { "date": "2023-10-20", "close": 40.096, "volume": 63324340, "typical_volume": 31677566.45, "trend": 39.291633, "fair_value": 41.368865, "relative_strength": 2.344102, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.123366, "energy": 43.709358, "activity_lines": [ 38.047067, 39.085436, 40.5305, 40.377794 ] }, { "date": "2023-10-27", "close": 39.787, "volume": 31996180, "typical_volume": 31150612.9, "trend": 39.466267, "fair_value": 41.318949, "relative_strength": 4.118155, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -26.701943, "energy": 23.436593, "activity_lines": [ 38.672333, 39.054455, 40.367938, 40.409753 ] }, { "date": "2023-11-03", "close": 43.236, "volume": 22143913, "typical_volume": 30355059.0, "trend": 39.776367, "fair_value": 41.266147, "relative_strength": 5.913075, "stage": 2, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": 12.190748, "energy": 8.788808, "activity_lines": [ 40.326867, 39.662673, 40.5444, 40.652961 ] }, { "date": "2023-11-10", "close": 44.724, "volume": 15829935, "typical_volume": 29992575.75, "trend": 40.1384, "fair_value": 41.243327, "relative_strength": 6.157784, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 45.16766, "energy": 35.306097, "activity_lines": [ 42.112333, 40.511745, 40.862386, 40.972163 ] }, { "date": "2023-11-17", "close": 46.591, "volume": 18448498, "typical_volume": 29387593.95, "trend": 40.598167, "fair_value": 41.229013, "relative_strength": 8.045292, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 64.239721, "energy": 52.248304, "activity_lines": [ 44.081933, 41.686891, 41.347124, 41.38846 ] }, { "date": "2023-11-24", "close": 47.956, "volume": 10867441, "typical_volume": 28945033.15, "trend": 41.096933, "fair_value": 41.221449, "relative_strength": 9.78678, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 79.624549, "energy": 80.732364, "activity_lines": [ 45.771667, 43.0682, 41.949757, 41.863159 ] }, { "date": "2023-12-01", "close": 46.574, "volume": 18000448, "typical_volume": 28449491.15, "trend": 41.573533, "fair_value": 41.200571, "relative_strength": 6.338159, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.655036, "energy": 79.14788, "activity_lines": [ 46.476733, 44.048018, 42.401029, 42.216518 ] }, { "date": "2023-12-08", "close": 45.376, "volume": 19661104, "typical_volume": 25311334.45, "trend": 41.9531, "fair_value": 41.168865, "relative_strength": 2.987858, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.006201, "energy": 75.041645, "activity_lines": [ 46.33, 44.653782, 42.726857, 42.461839 ] }, { "date": "2023-12-15", "close": 47.206, "volume": 27069943, "typical_volume": 25056128.7, "trend": 42.308767, "fair_value": 41.128872, "relative_strength": 3.487711, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 70.05795, "energy": 74.431498, "activity_lines": [ 46.6506, 45.4538, 43.214467, 42.800735 ] }, { "date": "2023-12-22", "close": 48.676, "volume": 20272198, "typical_volume": 24622935.4, "trend": 42.668367, "fair_value": 41.111429, "relative_strength": 5.5591, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 75.987167, "energy": 65.449628, "activity_lines": [ 47.295733, 46.356455, 43.820038, 43.211525 ] }, { "date": "2023-12-29", "close": 48.688, "volume": 9039394, "typical_volume": 23985372.2, "trend": 42.9564, "fair_value": 41.07691, "relative_strength": 5.103863, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 72.000887, "energy": 59.501517, "activity_lines": [ 47.805867, 47.022964, 44.400486, 43.599888 ] }, { "date": "2024-01-05", "close": 47.406, "volume": 14725079, "typical_volume": 23639393.8, "trend": 43.136533, "fair_value": 41.053615, "relative_strength": 5.607183, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.670789, "energy": 58.347076, "activity_lines": [ 47.839867, 47.300164, 44.827781, 43.886959 ] }, { "date": "2024-01-12", "close": 49.216, "volume": 24541963, "typical_volume": 23530576.15, "trend": 43.3372, "fair_value": 41.049885, "relative_strength": 6.193923, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 70.191134, "energy": 62.163075, "activity_lines": [ 48.421733, 47.767927, 45.394348, 44.279183 ] }, { "date": "2024-01-19", "close": 48.295, "volume": 19300317, "typical_volume": 23513740.55, "trend": 43.533633, "fair_value": 40.997179, "relative_strength": 1.458112, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 62.638855, "energy": 61.892394, "activity_lines": [ 48.4406, 47.959509, 45.836948, 44.599041 ] }, { "date": "2024-01-26", "close": 57.042, "volume": 69287536, "typical_volume": 26195858.95, "trend": 43.966733, "fair_value": 41.021558, "relative_strength": 18.847927, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 92.451183, "energy": 86.818597, "activity_lines": [ 51.302533, 49.676527, 47.092086, 45.470548 ] }, { "date": "2024-02-02", "close": 56.464, "volume": 25151632, "typical_volume": 25568110.25, "trend": 44.388533, "fair_value": 41.030436, "relative_strength": 15.995415, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.194948, "energy": 94.06936, "activity_lines": [ 53.414067, 51.098436, 48.231405, 46.276824 ] }, { "date": "2024-02-09", "close": 56.132, "volume": 17588156, "typical_volume": 25352139.9, "trend": 44.786567, "fair_value": 41.033513, "relative_strength": 12.967449, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 77.366928, "energy": 91.01158, "activity_lines": [ 54.896533, 52.305291, 49.259248, 47.034467 ] }, { "date": "2024-02-16", "close": 58.395, "volume": 22300793, "typical_volume": 25453909.8, "trend": 45.308067, "fair_value": 41.061545, "relative_strength": 18.902614, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 82.625757, "energy": 93.278144, "activity_lines": [ 56.5516, 53.749818, 50.416181, 47.91243 ] }, { "date": "2024-02-23", "close": 58.356, "volume": 11500828, "typical_volume": 24724112.0, "trend": 45.834, "fair_value": 41.090205, "relative_strength": 16.658101, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 74.427077, "energy": 89.462445, "activity_lines": [ 57.581733, 54.950545, 51.471138, 48.754232 ] }, { "date": "2024-03-01", "close": 61.934, "volume": 17330696, "typical_volume": 23919019.7, "trend": 46.4598, "fair_value": 41.156199, "relative_strength": 20.686863, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 88.183043, "energy": 87.966503, "activity_lines": [ 59.1338, 56.599091, 52.770643, 49.792942 ] }, { "date": "2024-03-08", "close": 60.482, "volume": 14859509, "typical_volume": 21495778.15, "trend": 47.070333, "fair_value": 41.21184, "relative_strength": 18.919483, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 73.819036, "energy": 69.464853, "activity_lines": [ 59.875733, 57.742582, 53.80631, 50.6976 ] }, { "date": "2024-03-15", "close": 60.588, "volume": 17238609, "typical_volume": 20757899.6, "trend": 47.7415, "fair_value": 41.271904, "relative_strength": 19.741851, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.482667, "energy": 67.745944, "activity_lines": [ 60.385133, 58.690909, 54.754995, 51.569708 ] }, { "date": "2024-03-22", "close": 62.801, "volume": 12769725, "typical_volume": 20289190.2, "trend": 48.4481, "fair_value": 41.348801, "relative_strength": 19.815056, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 79.687838, "energy": 70.960342, "activity_lines": [ 61.335133, 59.801927, 55.81539, 52.541288 ] }, { "date": "2024-03-29", "close": 60.733, "volume": 10944787, "typical_volume": 20044932.8, "trend": 49.006267, "fair_value": 41.392333, "relative_strength": 15.948497, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.41693, "energy": 64.162919, "activity_lines": [ 61.302067, 60.289945, 56.585667, 53.333862 ] }, { "date": "2024-04-05", "close": 63.618, "volume": 13331796, "typical_volume": 19789097.7, "trend": 49.650867, "fair_value": 41.444173, "relative_strength": 21.697898, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.803694, "energy": 67.388983, "activity_lines": [ 62.0722, 61.076364, 57.554471, 54.276555 ] }, { "date": "2024-04-12", "close": 62.283, "volume": 12693301, "typical_volume": 19880390.7, "trend": 50.403833, "fair_value": 41.493077, "relative_strength": 19.064892, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 64.271782, "energy": 61.048738, "activity_lines": [ 62.285067, 61.500491, 58.315052, 55.091531 ] }, { "date": "2024-04-19", "close": 55.504, "volume": 34834844, "typical_volume": 20722110.5, "trend": 50.987933, "fair_value": 41.524801, "relative_strength": 11.617921, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 47.113548, "energy": 37.931246, "activity_lines": [ 60.1182, 60.586273, 58.36179, 55.420574 ] }, { "date": "2024-04-26", "close": 56.123, "volume": 27068177, "typical_volume": 21092464.15, "trend": 51.600033, "fair_value": 41.555417, "relative_strength": 8.10888, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 39.990455, "energy": 26.861586, "activity_lines": [ 58.4966, 59.796018, 58.424957, 55.751869 ] }, { "date": "2024-05-03", "close": 57.934, "volume": 15719359, "typical_volume": 20524934.95, "trend": 52.259467, "fair_value": 41.603814, "relative_strength": 9.88076, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.498769, "energy": 25.412241, "activity_lines": [ 57.923867, 59.376345, 58.609424, 56.160512 ] }, { "date": "2024-05-10", "close": 61.087, "volume": 15113294, "typical_volume": 20266989.75, "trend": 53.1101, "fair_value": 41.679135, "relative_strength": 13.542662, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 41.909041, "energy": 28.140569, "activity_lines": [ 58.588733, 59.537618, 59.04309, 56.73003 ] }, { "date": "2024-05-17", "close": 62.11, "volume": 17388220, "typical_volume": 20684431.05, "trend": 53.8439, "fair_value": 41.758115, "relative_strength": 12.464438, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 52.976661, "energy": 29.584153, "activity_lines": [ 59.763333, 59.900291, 59.515086, 57.310669 ] }, { "date": "2024-05-24", "close": 64.675, "volume": 13883381, "typical_volume": 20642346.15, "trend": 54.6735, "fair_value": 41.850385, "relative_strength": 14.951818, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 74.159458, "energy": 50.902914, "activity_lines": [ 61.804467, 60.699727, 60.167452, 58.009449 ] }, { "date": "2024-05-31", "close": 64.162, "volume": 12769763, "typical_volume": 20053736.15, "trend": 55.371033, "fair_value": 41.944538, "relative_strength": 15.353965, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 68.383417, "energy": 67.196737, "activity_lines": [ 63.0632, 61.331582, 60.688729, 58.621611 ] }, { "date": "2024-06-07", "close": 64.147, "volume": 12357566, "typical_volume": 19706598.6, "trend": 56.018467, "fair_value": 42.042423, "relative_strength": 11.939008, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.344927, "energy": 70.83564, "activity_lines": [ 63.781, 61.935964, 61.137405, 59.187802 ] }, { "date": "2024-06-14", "close": 66.938, "volume": 12639260, "typical_volume": 16874184.8, "trend": 56.6967, "fair_value": 42.150506, "relative_strength": 12.47733, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 77.427086, "energy": 77.922177, "activity_lines": [ 65.014933, 62.985727, 61.776405, 59.892288 ] }, { "date": "2024-06-21", "close": 68.612, "volume": 13717134, "typical_volume": 16302459.9, "trend": 57.385233, "fair_value": 42.252462, "relative_strength": 14.603312, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.930914, "energy": 78.982848, "activity_lines": [ 66.4168, 64.279491, 62.52771, 60.661017 ] }, { "date": "2024-06-28", "close": 67.488, "volume": 15558158, "typical_volume": 16200960.0, "trend": 58.082367, "fair_value": 42.342782, "relative_strength": 12.436265, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.567318, "energy": 71.838559, "activity_lines": [ 67.010533, 65.253818, 63.114119, 61.312809 ] }, { "date": "2024-07-05", "close": 69.065, "volume": 8686862, "typical_volume": 15520263.45, "trend": 58.872, "fair_value": 42.441929, "relative_strength": 10.790624, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.464684, "energy": 75.102309, "activity_lines": [ 67.9424, 66.296982, 63.796643, 62.021366 ] }, { "date": "2024-07-12", "close": 64.76, "volume": 15649313, "typical_volume": 15727687.7, "trend": 59.457133, "fair_value": 42.517115, "relative_strength": 3.951381, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 62.740431, "energy": 50.474695, "activity_lines": [ 67.1124, 66.322109, 64.018357, 62.401237 ] }, { "date": "2024-07-19", "close": 63.334, "volume": 27303140, "typical_volume": 16226309.9, "trend": 59.945733, "fair_value": 42.592712, "relative_strength": 5.549854, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.177038, "energy": 34.489408, "activity_lines": [ 65.7662, 65.963855, 64.073767, 62.651357 ] }, { "date": "2024-07-26", "close": 63.137, "volume": 20246017, "typical_volume": 16495635.3, "trend": 60.427367, "fair_value": 42.66566, "relative_strength": 7.607393, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 38.889136, "energy": 21.337504, "activity_lines": [ 64.5946, 65.528927, 64.103748, 62.857245 ] }, { "date": "2024-08-02", "close": 61.364, "volume": 16275599, "typical_volume": 16447484.8, "trend": 60.892633, "fair_value": 42.725333, "relative_strength": 7.574287, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 15.51172, "energy": 20.866435, "activity_lines": [ 63.197, 64.752964, 63.952229, 62.917673 ] }, { "date": "2024-08-09", "close": 63.394, "volume": 16815461, "typical_volume": 16649771.6, "trend": 61.365233, "fair_value": 42.800987, "relative_strength": 10.309186, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 22.244725, "energy": 22.734094, "activity_lines": [ 62.884333, 64.406291, 63.990348, 63.079052 ] }, { "date": "2024-08-16", "close": 67.407, "volume": 15706814, "typical_volume": 16887872.95, "trend": 62.0023, "fair_value": 42.882519, "relative_strength": 10.742885, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 43.740518, "energy": 21.448518, "activity_lines": [ 64.2874, 64.803218, 64.407833, 63.468843 ] }, { "date": "2024-08-23", "close": 68.673, "volume": 15148527, "typical_volume": 16978709.5, "trend": 62.39, "fair_value": 42.964449, "relative_strength": 11.187491, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 61.581377, "energy": 32.249766, "activity_lines": [ 65.936, 65.371055, 64.91411, 63.899211 ] }, { "date": "2024-08-30", "close": 70.135, "volume": 12403312, "typical_volume": 16964210.05, "trend": 62.8457, "fair_value": 43.035487, "relative_strength": 13.933791, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 68.789373, "energy": 60.248511, "activity_lines": [ 67.716, 66.173164, 65.535552, 64.398888 ] }, { "date": "2024-09-06", "close": 66.577, "volume": 9734961, "typical_volume": 15709215.9, "trend": 63.193867, "fair_value": 43.078468, "relative_strength": 14.31345, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 54.502749, "energy": 57.167158, "activity_lines": [ 67.843467, 66.300673, 65.780748, 64.639617 ] }, { "date": "2024-09-13", "close": 69.706, "volume": 12019136, "typical_volume": 14956763.85, "trend": 63.5709, "fair_value": 43.147513, "relative_strength": 12.329068, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.571548, "energy": 64.576167, "activity_lines": [ 68.6664, 67.013655, 66.271214, 65.059755 ] }, { "date": "2024-09-20", "close": 70.103, "volume": 15353328, "typical_volume": 14938462.3, "trend": 63.962467, "fair_value": 43.217154, "relative_strength": 10.676745, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.012872, "energy": 61.302672, "activity_lines": [ 69.200867, 67.787164, 66.73481, 65.481181 ] }, { "date": "2024-09-27", "close": 70.735, "volume": 14278425, "typical_volume": 14896718.85, "trend": 64.255833, "fair_value": 43.277538, "relative_strength": 9.900605, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 65.078676, "energy": 50.117535, "activity_lines": [ 69.766267, 68.578436, 67.200648, 65.918118 ] }, { "date": "2024-10-04", "close": 71.97, "volume": 10769745, "typical_volume": 14565795.1, "trend": 64.638767, "fair_value": 43.333333, "relative_strength": 11.004772, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.842157, "energy": 61.372396, "activity_lines": [ 70.605867, 69.459691, 67.738162, 66.415806 ] }, { "date": "2024-10-11", "close": 72.279, "volume": 13596379, "typical_volume": 14551445.0, "trend": 65.028467, "fair_value": 43.39391, "relative_strength": 9.350509, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 67.734248, "energy": 62.400504, "activity_lines": [ 71.426133, 70.236527, 68.258152, 66.908725 ] }, { "date": "2024-10-18", "close": 76.389, "volume": 33124890, "typical_volume": 15569201.35, "trend": 65.4814, "fair_value": 43.457442, "relative_strength": 14.640354, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.03682, "energy": 74.604066, "activity_lines": [ 73.236267, 71.562182, 69.133362, 67.641662 ] }, { "date": "2024-10-25", "close": 75.468, "volume": 18255787, "typical_volume": 15864112.4, "trend": 65.972567, "fair_value": 43.498705, "relative_strength": 12.480299, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 72.983826, "energy": 74.972401, "activity_lines": [ 74.293867, 72.484109, 69.862633, 68.285959 ] }, { "date": "2024-11-01", "close": 75.61, "volume": 14299378, "typical_volume": 15947118.3, "trend": 66.3723, "fair_value": 43.569462, "relative_strength": 13.92198, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 70.025766, "energy": 75.176792, "activity_lines": [ 75.041133, 73.285291, 70.551519, 68.907729 ] }, { "date": "2024-11-08", "close": 79.504, "volume": 12999356, "typical_volume": 15911229.4, "trend": 66.946333, "fair_value": 43.641532, "relative_strength": 12.997327, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 83.44827, "energy": 84.838242, "activity_lines": [ 76.7614, 74.668345, 71.569967, 69.754935 ] }, { "date": "2024-11-15", "close": 82.396, "volume": 14692937, "typical_volume": 15867968.35, "trend": 67.842733, "fair_value": 43.734583, "relative_strength": 20.499171, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 87.435065, "energy": 91.277538, "activity_lines": [ 78.9434, 76.406873, 72.811976, 70.751688 ] }, { "date": "2024-11-22", "close": 89.779, "volume": 19717434, "typical_volume": 16419496.95, "trend": 68.9646, "fair_value": 43.883397, "relative_strength": 27.946292, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 95.246249, "energy": 96.496287, "activity_lines": [ 82.911933, 79.200145, 74.686138, 72.166931 ] }, { "date": "2024-11-29", "close": 88.681, "volume": 13757921, "typical_volume": 16324927.35, "trend": 69.9895, "fair_value": 44.065885, "relative_strength": 24.475318, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 85.281243, "energy": 93.898294, "activity_lines": [ 85.6218, 81.428818, 76.35709, 73.438957 ] }, { "date": "2024-12-06", "close": 93.474, "volume": 13270919, "typical_volume": 15623316.3, "trend": 71.069067, "fair_value": 44.272987, "relative_strength": 25.973028, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 90.177001, "energy": 96.047174, "activity_lines": [ 89.048467, 84.191164, 78.37061, 74.954086 ] }, { "date": "2024-12-13", "close": 91.887, "volume": 14212374, "typical_volume": 15321634.15, "trend": 72.061633, "fair_value": 44.485897, "relative_strength": 21.958021, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 76.045208, "energy": 90.938018, "activity_lines": [ 90.7552, 86.251527, 80.089462, 76.297178 ] }, { "date": "2024-12-20", "close": 90.905, "volume": 15418573, "typical_volume": 15278782.85, "trend": 72.935967, "fair_value": 44.674974, "relative_strength": 22.495368, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 68.161378, "energy": 84.259462, "activity_lines": [ 91.309067, 87.771218, 81.577886, 77.51288 ] }, { "date": "2024-12-27", "close": 90.755, "volume": 10228244, "typical_volume": 14949422.0, "trend": 73.8224, "fair_value": 44.870558, "relative_strength": 20.313991, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 66.371744, "energy": 66.512087, "activity_lines": [ 91.245667, 88.924982, 82.911352, 78.662495 ] }, { "date": "2025-01-03", "close": 88.105, "volume": 9364571, "typical_volume": 14632309.85, "trend": 74.621, "fair_value": 45.0885, "relative_strength": 16.923101, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 63.251427, "energy": 62.026271, "activity_lines": [ 90.233867, 89.335727, 83.862148, 79.583953 ] }, { "date": "2025-01-10", "close": 83.769, "volume": 13258740, "typical_volume": 14537820.5, "trend": 75.182033, "fair_value": 45.2885, "relative_strength": 13.003102, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 48.106476, "energy": 44.107477, "activity_lines": [ 87.815133, 88.728345, 84.301429, 80.174146 ] }, { "date": "2025-01-17", "close": 85.81, "volume": 16889652, "typical_volume": 14762137.5, "trend": 75.7553, "fair_value": 45.583756, "relative_strength": 11.805585, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.771983, "energy": 34.384157, "activity_lines": [ 86.723733, 88.343709, 84.863205, 80.859822 ] }, { "date": "2025-01-24", "close": 97.759, "volume": 36427090, "typical_volume": 16096743.95, "trend": 76.764333, "fair_value": 45.964032, "relative_strength": 24.675219, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 79.176376, "energy": 50.282561, "activity_lines": [ 90.020467, 90.016964, 86.488338, 82.279415 ] }, { "date": "2025-01-31", "close": 97.676, "volume": 18485447, "typical_volume": 16420059.5, "trend": 77.718033, "fair_value": 46.327231, "relative_strength": 25.430092, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 77.237032, "energy": 57.312617, "activity_lines": [ 92.8326, 91.3958, 87.957081, 83.628555 ] }, { "date": "2025-02-07", "close": 101.393, "volume": 20069213, "typical_volume": 16655853.75, "trend": 78.939133, "fair_value": 46.726346, "relative_strength": 28.970093, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 82.087014, "energy": 77.224798, "activity_lines": [ 96.422333, 93.306873, 89.646633, 85.155972 ] }, { "date": "2025-02-14", "close": 105.86, "volume": 16638827, "typical_volume": 16773873.85, "trend": 80.356667, "fair_value": 47.154109, "relative_strength": 29.840082, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 85.225646, "energy": 91.806846, "activity_lines": [ 100.6152, 95.799, 91.612614, 86.892802 ] }, { "date": "2025-02-21", "close": 100.315, "volume": 13679928, "typical_volume": 16919383.0, "trend": 81.595933, "fair_value": 47.546641, "relative_strength": 24.969045, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.168445, "energy": 86.059977, "activity_lines": [ 101.487, 97.057745, 92.883238, 88.180437 ] }, { "date": "2025-02-28", "close": 98.056, "volume": 21045711, "typical_volume": 17291849.6, "trend": 82.819, "fair_value": 47.943327, "relative_strength": 25.618651, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 65.200518, "energy": 76.114363, "activity_lines": [ 100.6388, 97.752527, 93.803743, 89.242376 ] }, { "date": "2025-03-07", "close": 89.111, "volume": 27698243, "typical_volume": 17020517.25, "trend": 83.676233, "fair_value": 48.296397, "relative_strength": 17.335585, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 54.013879, "energy": 42.589938, "activity_lines": [ 96.789133, 96.690927, 93.749595, 89.648312 ] }, { "date": "2025-03-14", "close": 91.8, "volume": 31418805, "typical_volume": 17678668.15, "trend": 84.489333, "fair_value": 48.640885, "relative_strength": 23.15205, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 36.185051, "energy": 21.203394, "activity_lines": [ 94.4068, 96.148127, 93.890962, 90.172426 ] }, { "date": "2025-03-21", "close": 96.029, "volume": 30586641, "typical_volume": 18493031.3, "trend": 85.4012, "fair_value": 49.016808, "relative_strength": 27.58761, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.36569, "energy": 22.833189, "activity_lines": [ 94.073667, 96.307055, 94.357319, 90.91692 ] }, { "date": "2025-03-28", "close": 93.385, "volume": 19464777, "typical_volume": 18816302.35, "trend": 86.1762, "fair_value": 49.376026, "relative_strength": 26.086257, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 26.756561, "energy": 21.92181, "activity_lines": [ 93.5146, 95.762345, 94.474633, 91.432004 ] }, { "date": "2025-04-04", "close": 85.586, "volume": 24074345, "typical_volume": 19285372.75, "trend": 86.809833, "fair_value": 49.696526, "relative_strength": 27.319836, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -4.924571, "energy": 12.731347, "activity_lines": [ 90.817867, 93.661909, 93.783086, 91.393927 ] }, { "date": "2025-04-11", "close": 91.829, "volume": 28983572, "typical_volume": 19748679.65, "trend": 87.547267, "fair_value": 50.0665, "relative_strength": 26.166202, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 11.211958, "energy": 12.029232, "activity_lines": [ 91.033467, 92.917891, 93.670919, 91.717744 ] }, { "date": "2025-04-18", "close": 97.303, "volume": 26707725, "typical_volume": 20396169.85, "trend": 88.453933, "fair_value": 50.552083, "relative_strength": 35.415004, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 25.831755, "energy": 13.860849, "activity_lines": [ 92.892533, 93.275455, 94.070324, 92.347146 ] }, { "date": "2025-04-25", "close": 110.153, "volume": 35948400, "typical_volume": 21530043.9, "trend": 89.767867, "fair_value": 51.136167, "relative_strength": 42.338587, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 71.852488, "energy": 38.920644, "activity_lines": [ 98.668067, 96.043745, 95.652481, 93.747086 ] }, { "date": "2025-05-02", "close": 115.649, "volume": 19148872, "typical_volume": 21776868.8, "trend": 91.223833, "fair_value": 51.7615, "relative_strength": 42.744372, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 81.517385, "energy": 77.619418, "activity_lines": [ 105.334, 99.733255, 97.678643, 95.416837 ] }, { "date": "2025-05-09", "close": 114.022, "volume": 19601898, "typical_volume": 21986035.05, "trend": 92.615267, "fair_value": 52.372128, "relative_strength": 39.452882, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.407056, "energy": 82.634751, "activity_lines": [ 109.973333, 102.848145, 99.4367, 96.887686 ] }, { "date": "2025-05-16", "close": 119.153, "volume": 23549489, "typical_volume": 22652097.3, "trend": 94.040733, "fair_value": 53.016474, "relative_strength": 34.959546, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.79899, "energy": 88.24314, "activity_lines": [ 114.427267, 106.605655, 101.573343, 98.599798 ] }, { "date": "2025-05-23", "close": 118.539, "volume": 12011162, "typical_volume": 22784426.85, "trend": 95.476433, "fair_value": 53.651218, "relative_strength": 36.097079, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.479205, "energy": 87.083387, "activity_lines": [ 116.854933, 109.705309, 103.516281, 100.180331 ] }, { "date": "2025-05-30", "close": 120.723, "volume": 12776154, "typical_volume": 22760297.55, "trend": 96.9802, "fair_value": 54.297532, "relative_strength": 34.617082, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 74.710592, "energy": 86.545001, "activity_lines": [ 118.594867, 112.715891, 105.522295, 101.809142 ] }, { "date": "2025-06-06", "close": 124.1475, "volume": 12396112, "typical_volume": 22535620.55, "trend": 98.468317, "fair_value": 54.97608, "relative_strength": 34.194439, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 79.157696, "energy": 88.709792, "activity_lines": [ 120.771633, 115.900127, 107.678481, 103.561871 ] }, { "date": "2025-06-13", "close": 121.215, "volume": 13534699, "typical_volume": 21391001.0, "trend": 99.762283, "fair_value": 55.640593, "relative_strength": 30.474442, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 66.771333, "energy": 76.558122, "activity_lines": [ 121.404333, 117.991864, 109.372821, 105.029399 ] }, { "date": "2025-06-20", "close": 123.141, "volume": 11634163, "typical_volume": 21048436.8, "trend": 100.87435, "fair_value": 56.307619, "relative_strength": 31.291604, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 69.523656, "energy": 68.994281, "activity_lines": [ 122.1995, 119.785982, 111.138895, 106.537703 ] }, { "date": "2025-06-27", "close": 132.312, "volume": 14153862, "typical_volume": 20752669.25, "trend": 102.328717, "fair_value": 57.04042, "relative_strength": 34.004636, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 84.583347, "energy": 77.620288, "activity_lines": [ 125.7858, 122.678245, 113.657136, 108.565939 ] }, { "date": "2025-07-04", "close": 129.718, "volume": 13331500, "typical_volume": 20587302.9, "trend": 103.53685, "fair_value": 57.75209, "relative_strength": 28.181361, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 73.319525, "energy": 67.669109, "activity_lines": [ 127.589233, 124.462345, 115.781095, 110.332989 ] }, { "date": "2025-07-11", "close": 124.511, "volume": 16144383, "typical_volume": 20710525.65, "trend": 104.624317, "fair_value": 58.429013, "relative_strength": 22.281675, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 64.90607, "energy": 62.964569, "activity_lines": [ 127.057333, 124.943991, 117.29554, 111.68616 ] }, { "date": "2025-07-18", "close": 120.924, "volume": 25972984, "typical_volume": 20956889.3, "trend": 105.62495, "fair_value": 59.062859, "relative_strength": 16.273906, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 61.94741, "energy": 55.879145, "activity_lines": [ 125.305533, 124.612327, 118.353148, 112.737753 ] }, { "date": "2025-07-25", "close": 118.049, "volume": 21669655, "typical_volume": 20655459.9, "trend": 106.53475, "fair_value": 59.675417, "relative_strength": 11.659128, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.597054, "energy": 39.351341, "activity_lines": [ 122.6148, 123.632445, 119.02805, 113.539304 ] }, { "date": "2025-08-01", "close": 115.86, "volume": 16726077, "typical_volume": 19920823.5, "trend": 107.459917, "fair_value": 60.272737, "relative_strength": 11.238486, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.740854, "energy": 28.068618, "activity_lines": [ 119.533867, 122.274636, 119.356676, 114.140933 ] }, { "date": "2025-08-08", "close": 121.164, "volume": 14712608, "typical_volume": 19127121.85, "trend": 108.706417, "fair_value": 60.889622, "relative_strength": 11.356012, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.484401, "energy": 26.706997, "activity_lines": [ 119.317733, 121.9299, 120.075874, 115.025068 ] }, { "date": "2025-08-15", "close": 123.895, "volume": 14173102, "typical_volume": 18862538.1, "trend": 109.975917, "fair_value": 61.529231, "relative_strength": 12.494297, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 42.359314, "energy": 25.514572, "activity_lines": [ 120.5822, 122.073691, 120.935476, 116.004976 ] }, { "date": "2025-08-22", "close": 120.465, "volume": 13428527, "typical_volume": 18330247.2, "trend": 110.732783, "fair_value": 62.158314, "relative_strength": 9.668907, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 35.218347, "energy": 21.26606, "activity_lines": [ 120.7444, 121.598436, 121.323126, 116.681691 ] }, { "date": "2025-08-29", "close": 120.825, "volume": 11622429, "typical_volume": 17462190.05, "trend": 111.504417, "fair_value": 62.787891, "relative_strength": 9.599812, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 27.453424, "energy": 22.746943, "activity_lines": [ 121.0572, 121.202273, 121.578971, 117.332802 ] }, { "date": "2025-09-05", "close": 124.382, "volume": 10147872, "typical_volume": 16634197.4, "trend": 112.270717, "fair_value": 63.435487, "relative_strength": 10.98113, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 46.601446, "energy": 31.134636, "activity_lines": [ 122.3706, 121.494945, 122.035502, 118.163614 ] }, { "date": "2025-09-12", "close": 118.844, "volume": 16302953, "typical_volume": 15651925.05, "trend": 112.703517, "fair_value": 64.043378, "relative_strength": 3.55965, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.819367, "energy": 19.802645, "activity_lines": [ 121.269867, 120.924891, 121.835657, 118.587697 ] }, { "date": "2025-09-19", "close": 122.697, "volume": 16890454, "typical_volume": 15539004.15, "trend": 113.449583, "fair_value": 64.684763, "relative_strength": 4.053956, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.952248, "energy": 21.107001, "activity_lines": [ 121.608133, 121.253091, 121.961379, 119.232438 ] }, { "date": "2025-09-26", "close": 121.061, "volume": 11761827, "typical_volume": 15147000.6, "trend": 114.216417, "fair_value": 65.309872, "relative_strength": 2.558832, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 33.353499, "energy": 18.875041, "activity_lines": [ 121.480933, 121.316818, 121.897729, 119.723497 ] }, { "date": "2025-10-03", "close": 115.332, "volume": 18796531, "typical_volume": 14909352.7, "trend": 115.09045, "fair_value": 65.905109, "relative_strength": -3.861388, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 0.961946, "energy": 6.929363, "activity_lines": [ 119.404333, 120.336418, 121.25494, 119.79547 ] }, { "date": "2025-10-10", "close": 122.008, "volume": 16232896, "typical_volume": 15120439.4, "trend": 116.097383, "fair_value": 66.539776, "relative_strength": 3.46664, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 21.765193, "energy": 10.121998, "activity_lines": [ 119.919267, 120.619236, 121.266157, 120.241763 ] }, { "date": "2025-10-17", "close": 119.936, "volume": 12638143, "typical_volume": 15113538.85, "trend": 116.894283, "fair_value": 67.122974, "relative_strength": -1.132074, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 16.312637, "energy": 9.947469, "activity_lines": [ 119.9018, 120.413545, 121.063521, 120.489416 ] }, { "date": "2025-10-24", "close": 109.469, "volume": 38161241, "typical_volume": 16401795.3, "trend": 117.430417, "fair_value": 67.635135, "relative_strength": -11.890598, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -40.210532, "energy": 36.184165, "activity_lines": [ 116.322533, 118.327091, 119.867776, 120.010366 ] }, { "date": "2025-10-31", "close": 111.886, "volume": 23136101, "typical_volume": 16881865.4, "trend": 118.307083, "fair_value": 68.185179, "relative_strength": -11.843292, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.854621, "energy": 44.574943, "activity_lines": [ 114.4308, 116.942382, 118.972119, 119.652661 ] }, { "date": "2025-11-07", "close": 110.366, "volume": 21339500, "typical_volume": 17367132.25, "trend": 118.924983, "fair_value": 68.706673, "relative_strength": -10.50207, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.138279, "energy": 55.911584, "activity_lines": [ 112.644067, 115.437291, 117.976124, 119.140333 ] }, { "date": "2025-11-14", "close": 111.217, "volume": 19186623, "typical_volume": 17618770.3, "trend": 119.388783, "fair_value": 69.235, "relative_strength": -9.81754, "stage": 3, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -59.569892, "energy": 66.528206, "activity_lines": [ 111.472067, 114.277091, 117.12201, 118.643044 ] }, { "date": "2025-11-21", "close": 104.31, "volume": 179405667, "typical_volume": 25922478.65, "trend": 119.194017, "fair_value": 69.720615, "relative_strength": -12.710955, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.419088, "energy": 71.987624, "activity_lines": [ 108.717133, 112.100436, 115.710538, 117.670219 ] }, { "date": "2025-11-28", "close": 107.58, "volume": 141013473, "typical_volume": 32165933.15, "trend": 118.92505, "fair_value": 70.20484, "relative_strength": -14.207115, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.7914, "energy": 64.049548, "activity_lines": [ 108.093933, 110.782582, 114.731486, 116.920928 ] }, { "date": "2025-12-05", "close": 100.24, "volume": 289372508, "typical_volume": 45335909.35, "trend": 118.46565, "fair_value": 70.642269, "relative_strength": -20.71958, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.688175, "energy": 71.705194, "activity_lines": [ 105.15, 108.405036, 113.13401, 115.715441 ] }, { "date": "2025-12-12", "close": 95.19, "volume": 318491279, "typical_volume": 60176990.55, "trend": 117.666883, "fair_value": 71.066109, "relative_strength": -23.119613, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.624019, "energy": 82.279453, "activity_lines": [ 101.299133, 105.487873, 111.154076, 114.213786 ] }, { "date": "2025-12-19", "close": 94.39, "volume": 240989112, "typical_volume": 71390142.3, "trend": 116.861917, "fair_value": 71.482093, "relative_strength": -24.021261, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.035273, "energy": 84.138368, "activity_lines": [ 98.193333, 102.791473, 109.206805, 112.712052 ] }, { "date": "2025-12-26", "close": 94.47, "volume": 99877170, "typical_volume": 75648370.4, "trend": 115.986817, "fair_value": 71.898644, "relative_strength": -24.720829, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.648152, "energy": 84.491464, "activity_lines": [ 96.236, 100.611764, 107.36939, 111.267412 ] }, { "date": "2026-01-02", "close": 90.99, "volume": 112566364, "typical_volume": 80568033.5, "trend": 114.881567, "fair_value": 72.279638, "relative_strength": -26.062315, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.573733, "energy": 88.397507, "activity_lines": [ 93.774667, 98.262345, 105.327662, 109.654714 ] }, { "date": "2026-01-09", "close": 89.46, "volume": 214688221, "typical_volume": 90631018.2, "trend": 113.823067, "fair_value": 72.639753, "relative_strength": -28.716456, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.133132, "energy": 87.869738, "activity_lines": [ 91.909333, 95.970727, 103.29691, 108.014613 ] }, { "date": "2026-01-16", "close": 88.0, "volume": 216324961, "typical_volume": 100866144.8, "trend": 112.6517, "fair_value": 72.984304, "relative_strength": -29.110495, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.609854, "energy": 85.244221, "activity_lines": [ 90.276, 93.8214, 101.274752, 106.348609 ] }, { "date": "2026-01-23", "close": 86.12, "volume": 362388272, "typical_volume": 118478164.8, "trend": 111.111967, "fair_value": 73.305093, "relative_strength": -30.471703, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.087358, "energy": 88.234687, "activity_lines": [ 88.495333, 91.736909, 99.229857, 104.636886 ] }, { "date": "2026-01-30", "close": 83.49, "volume": 204246767, "typical_volume": 127875355.5, "trend": 109.571033, "fair_value": 73.605734, "relative_strength": -32.150641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.957423, "energy": 86.969532, "activity_lines": [ 86.389333, 89.630545, 97.116686, 102.854824 ] }, { "date": "2026-02-06", "close": 82.2, "volume": 240691920, "typical_volume": 139065428.8, "trend": 108.160667, "fair_value": 73.90999, "relative_strength": -31.460072, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.097147, "energy": 82.749307, "activity_lines": [ 84.585333, 87.668182, 95.04901, 101.088951 ] }, { "date": "2026-02-13", "close": 76.87, "volume": 242444425, "typical_volume": 150599558.7, "trend": 106.6922, "fair_value": 74.179696, "relative_strength": -34.633963, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -85.25923, "energy": 85.854598, "activity_lines": [ 81.590667, 85.198182, 92.666557, 99.070198 ] }, { "date": "2026-02-20", "close": 78.67, "volume": 128395137, "typical_volume": 156079489.0, "trend": 105.379567, "fair_value": 74.480689, "relative_strength": -33.451539, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.96749, "energy": 82.9506, "activity_lines": [ 80.035333, 83.480364, 90.665967, 97.262314 ] }, { "date": "2026-02-27", "close": 96.24, "volume": 427170854, "typical_volume": 176626386.9, "trend": 104.725567, "fair_value": 74.895574, "relative_strength": -18.097401, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.591551, "energy": 53.948627, "activity_lines": [ 84.958667, 85.257455, 90.51329, 96.672665 ] }, { "date": "2026-03-06", "close": 99.02, "volume": 286267976, "typical_volume": 190307878.55, "trend": 103.987433, "fair_value": 75.342651, "relative_strength": -14.527692, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.541834, "energy": 28.179793, "activity_lines": [ 90.134, 87.506364, 90.748081, 96.304563 ] }, { "date": "2026-03-13", "close": 95.31, "volume": 187662539, "typical_volume": 197782943.45, "trend": 103.0346, "fair_value": 75.759061, "relative_strength": -16.630476, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.288585, "energy": 31.507293, "activity_lines": [ 93.037333, 88.998, 90.729138, 95.744729 ] }, { "date": "2026-03-20", "close": 91.82, "volume": 191091907, "typical_volume": 206180733.75, "trend": 102.079767, "fair_value": 76.137144, "relative_strength": -17.721279, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.579676, "energy": 32.471248, "activity_lines": [ 93.903333, 89.776545, 90.445238, 95.021206 ] }, { "date": "2026-03-27", "close": 93.43, "volume": 196912231, "typical_volume": 214959370.3, "trend": 101.1666, "fair_value": 76.514593, "relative_strength": -13.191573, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.28968, "energy": 22.768811, "activity_lines": [ 94.309333, 90.804909, 90.410224, 94.463157 ] }, { "date": "2026-04-03", "close": 98.66, "volume": 154152424, "typical_volume": 221707660.35, "trend": 100.3092, "fair_value": 76.92951, "relative_strength": -11.532846, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 4.194812, "energy": 16.969558, "activity_lines": [ 95.474667, 92.685455, 90.953952, 94.301441 ] }, { "date": "2026-04-10", "close": 103.01, "volume": 153861336, "typical_volume": 220430443.8, "trend": 99.7814, "fair_value": 77.37276, "relative_strength": -11.267279, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 15.721073, "energy": 24.787827, "activity_lines": [ 97.928667, 95.128909, 91.971762, 94.475686 ] }, { "date": "2026-04-17", "close": 97.31, "volume": 295488330, "typical_volume": 228154186.65, "trend": 98.935167, "fair_value": 77.786298, "relative_strength": -20.4931, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -1.805403, "energy": 18.743725, "activity_lines": [ 98.216667, 96.181091, 92.452905, 94.316241 ] }, { "date": "2026-04-24", "close": 92.44, "volume": 228359735, "typical_volume": 225103548.0, "trend": 97.981133, "fair_value": 78.167369, "relative_strength": -25.379302, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -5.359363, "energy": 16.122644, "activity_lines": [ 96.748, 96.073091, 92.519143, 93.897198 ] }, { "date": "2026-05-01", "close": 92.06, "volume": 160577545, "typical_volume": 217207861.3, "trend": 97.2054, "fair_value": 78.550599, "relative_strength": -26.049158, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -21.636509, "energy": 14.72951, "activity_lines": [ 95.111333, 95.612909, 92.586333, 93.515189 ] }, { "date": "2026-05-08", "close": 87.49, "volume": 186665311, "typical_volume": 214491671.25, "trend": 96.0548, "fair_value": 78.893554, "relative_strength": -32.601492, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -45.051088, "energy": 26.504462, "activity_lines": [ 92.042667, 94.078364, 92.23319, 92.888389 ] }, { "date": "2026-05-15", "close": 87.02, "volume": 176680511, "typical_volume": 218331838.3, "trend": 94.9576, "fair_value": 79.21717, "relative_strength": -31.982294, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -49.112571, "energy": 35.381493, "activity_lines": [ 89.562, 92.617455, 91.868143, 92.305499 ] }, { "date": "2026-05-22", "close": 88.6, "volume": 146050589, "typical_volume": 220006049.55, "trend": 94.261967, "fair_value": 79.542247, "relative_strength": -30.765573, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -53.932123, "energy": 37.388602, "activity_lines": [ 88.674, 91.662, 91.689048, 91.895331 ] }, { "date": "2026-05-29", "close": 86.02, "volume": 125181498, "typical_volume": 215530713.4, "trend": 93.399767, "fair_value": 79.836946, "relative_strength": -33.838604, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -65.735052, "energy": 57.149177, "activity_lines": [ 87.506667, 90.359455, 91.275619, 91.363591 ] }, { "date": "2026-06-05", "close": 82.18, "volume": 195222046, "typical_volume": 214475567.65, "trend": 92.460233, "fair_value": 80.094497, "relative_strength": -32.942888, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.764586, "energy": 68.824488, "activity_lines": [ 85.487333, 88.464182, 90.512857, 90.639735 ] }, { "date": "2026-06-12", "close": 80.34, "volume": 172910271, "typical_volume": 205001667.6, "trend": 91.431, "fair_value": 80.332599, "relative_strength": -35.065304, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.621616, "energy": 72.812993, "activity_lines": [ 83.513333, 86.438909, 89.602571, 89.857785 ] }, { "date": "2026-06-19", "close": 77.38, "volume": 243744022, "typical_volume": 206976530.35, "trend": 90.533333, "fair_value": 80.556817, "relative_strength": -38.18398, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.553045, "energy": 80.295303, "activity_lines": [ 81.029333, 84.208545, 88.437905, 88.951269 ] }, { "date": "2026-06-26", "close": 73.81, "volume": 300583796, "typical_volume": 209971124.15, "trend": 89.407667, "fair_value": 80.747593, "relative_strength": -37.275552, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -83.467032, "energy": 85.815069, "activity_lines": [ 77.998, 81.795091, 86.962333, 87.872344 ] }, { "date": "2026-07-03", "close": 77.65, "volume": 191054039, "typical_volume": 207401604.85, "trend": 88.654667, "fair_value": 80.964516, "relative_strength": -33.616382, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.99157, "energy": 78.141951, "activity_lines": [ 77.232667, 80.507091, 85.892429, 87.113785 ] }, { "date": "2026-07-10", "close": 73.37, "volume": 195706920, "typical_volume": 210767194.0, "trend": 87.927333, "fair_value": 81.151561, "relative_strength": -37.48061, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.183967, "energy": 81.621661, "activity_lines": [ 75.598667, 78.709818, 84.41119, 86.127677 ] }, { "date": "2026-07-17", "close": 68.95, "volume": 320802621, "typical_volume": 205448782.35, "trend": 87.079333, "fair_value": 81.31951, "relative_strength": -37.83146, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -82.950708, "energy": 88.158465, "activity_lines": [ 73.078667, 76.448727, 82.534238, 84.903333 ] }, { "date": "2026-07-24", "close": 70.09, "volume": 244804821, "typical_volume": 203375624.6, "trend": 86.266667, "fair_value": 81.495869, "relative_strength": -34.940936, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.726876, "energy": 83.115374, "activity_lines": [ 71.698, 74.732, 80.89581, 83.807247 ] }, { "date": "2026-07-31", "close": 71.71, "volume": 220096995, "typical_volume": 204997347.4, "trend": 85.624, "fair_value": 81.678881, "relative_strength": -32.935035, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.315196, "energy": 78.359252, "activity_lines": [ 71.343333, 73.617636, 79.549429, 82.868108 ] }, { "date": "2026-08-07", "close": 74.14, "volume": 159389762, "typical_volume": 203412240.15, "trend": 85.113333, "fair_value": 81.883843, "relative_strength": -33.119693, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.019991, "energy": 65.290023, "activity_lines": [ 71.938667, 73.252182, 78.546857, 82.127204 ] } ], "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." } } }