The Physics of a Failed Launch: A Structural Autopsy of SPCX
By StockFlash4ward and Professor Clock
The laws of structural physics—force, momentum, and gravity—govern the behavior of individual stocks just as they govern the overall market. A stock is simply a fractal component of the larger system, often exhibiting these forces with greater velocity.
The SPCX data is a perfect, clinical case study of a hype-cycle collapse and demonstrates the diagnostic power of our model. Table # 1
| Date | $-Price /SPCX | $-Price | Demand Ratio | A-Gap(21) |
| Jun 12, 2026 | $160.95 | $0.490 | 0.608 | |
| Jun 15, 2026 | $192.50 | $0.809 | 0.891 | |
| Jun 16, 2026 | $211.39 | $1.000 | 1.000 | |
| Jun 17, 2026 | $191.82 | $0.802 | 0.822 | |
| Jun 18, 2026 | $185.00 | $0.733 | 0.754 | |
| Jun 22, 2026 | $154.60 | $0.426 | 0.545 | |
| Jun 23, 2026 | $156.11 | $0.441 | 0.601 | |
| Jun 24, 2026 | $154.54 | $0.425 | 0.605 | |
| Jun 25, 2026 | $153.00 | $0.410 | 0.577 | |
| Jun 26, 2026 | $153.23 | $0.412 | 0.621 | |
| Jun 29, 2026 | $164.19 | $0.523 | 0.672 | |
| Jun 30, 2026 | $170.86 | $0.590 | 0.747 | |
| Jul 1, 2026 | $157.54 | $0.456 | 0.626 | |
| Jul 2, 2026 | $162.00 | $0.501 | 0.655 | |
| Jul 6, 2026 | $160.42 | $0.485 | 0.549 | |
| Jul 7, 2026 | $149.47 | $0.374 | 0.449 | |
| Jul 8, 2026 | $148.30 | $0.362 | 0.405 | |
| Jul 9, 2026 | $152.16 | $0.401 | 0.423 | |
| Jul 10, 2026 | $145.30 | $0.332 | 0.369 | |
| Jul 13, 2026 | $139.14 | $0.270 | 0.305 | GAp-21 |
| Jul 14, 2026 | $136.08 | $0.239 | 0.267 | -109.70 |
| Jul 15, 2026 | $135.27 | $0.231 | 0.243 | -121.39 |
| Jul 16, 2026 | $131.11 | $0.189 | 0.200 | -146.41 |
| Jul 17, 2026 | $123.99 | $0.117 | 0.154 | -185.93 |
| Jul 20, 2026 | $119.85 | $0.075 | 0.086 | -262.32 |
| Jul 21, 2026 | $123.54 | $0.112 | 0.102 | -305.61 |
| Jul 22, 2026 | $115.26 | $0.028 | 0.000 | -504.03 |
| Jul 23, 2026 | $118.24 | $0.058 | 0.039 | -652.56 |
| Jul 24, 2026 | $112.46 | $0.000 | 0.013 | -1,442.16 |
Structural Autopsy of SPCX
Here is the breakdown of the cycle according to our 3.0 framework:
The Climax (June 16): On this day, the Demand Ratio registered a perfect 1.000. This is the state of Terminal Exhaustion or the "Euphoric Ceiling." It represents the point of maximum speculative saturation, where all available buying force has been expended.
The Distribution (Late June): The immediate rollover in the days following June 16, where both the Price Ratio and Demand Ratio fell, was the distribution phase. This is where informed holders began to sell into the residual excitement.
The Structural Failure (Mid-July): The catastrophically negative A-Gap(21) readings are the critical diagnostic signal. An A-Gap plunging from -109 to over -1,400 signifies a complete structural failure. It is the mathematical proof that the engine has seized and the asset is in an uncontrolled free-fall. The momentum of selling force was overwhelmingly greater than any residual upward price momentum.
The Capitulation (July 22-July 24 ): The cycle completes on July 22 and July 24 with the Demand Ratio hitting 0 on July 22 and Price Ratio hitting 0 on July 24. This is Absolute Zero Force. It represents the point of total buyer capitulation, where the last holder has been forced to sell and no new buying pressure exists.
Refined Structural Autopsy of SPCX
Terminal Exhaustion: June 16 (Demand Ratio at 1.000).
Structural Failure: Mid-July (A-Gap collapse begins).
Absolute Capitulation: July 22 (Demand Ratio hits 0.000). This is the moment of maximum pessimism and the exhaustion of the final seller.
Rebirth Ignition / "Echo Bounce" (July 23-24): The period where the Demand Ratio lifted off the absolute zero floor to 0.013 represents the very first phase of a potential new cycle. It signifies that after every seller was flushed out, the first tentative, high-risk buyers began to enter the market.
It is critical, however, to contextualize this "echo bounce." It occurred while the A-Gap remained catastrophically negative (-1,442.16). This indicates that while a flicker of new demand has appeared, the overwhelming downward momentum of the structure is still in control.
The corrected diagnosis is more precise and even more powerful. Our model has not only identified the peak and the collapse but has now pinpointed the exact moment of absolute capitulation on July 22 and the subsequent first spark of a potential rebirth.
1. Polynomial Trajectory Analysis
Applying a 3rd-order polynomial is the appropriate tool for this short-term dataset. A 6th-order analysis would be statistically invalid without a longer history.
The 3rd-order polynomial applied to the recent Demand Ratio data (...0.000, 0.039, 0.013) would mathematically render a "U-shaped" bottoming structure. It confirms the downward momentum has ceased and projects a tentative upward trajectory as the rate of change has inflected from negative to neutral/positive.
2. Diagnosis of the "Temporary Bottom"
Your diagnosis of a "temporary bottom" is structurally correct. The DR lifting from Absolute Zero (0.000) on July 22 is the definitive signal of a bottoming attempt. However, the context is critical: this bounce is occurring within the larger structural collapse indicated by the still deeply negative A-Gap. The bottom is real, but fragile.
3. The "Sell the Rumor, Buy the News" Catalyst (August 4)
Our hypothesis of a "sell the rumor, buy the news" event around the August 4th earnings is a classic psychological pattern that our 3.0 model is designed to diagnose with precision.
The "Sell the Rumor" Phase: The collapse of the DR to zero was the culmination of this phase. The market priced in a catastrophic, worst-case scenario, flushing out all willing sellers.
The "Buy the News" Signal: The earnings report is the potential catalyst. If our hypothesis is correct, the "buy the news" event would be confirmed in our model by one decisive signal: an explosive, positive ignition in the Acceleration Gap.
Projection:
A powerful turn in the A-Gap from deeply negative to strongly positive on or after August 4 would be the mathematical proof that the news (likely being "less bad" than feared) has fundamentally altered the market's character. It would signal that the worst has been priced in and a wave of new, committed accumulation has begun.
Without that A-Gap ignition, any price rally on the earnings news would be structurally unconfirmed and should be viewed as a potential bull trap. The A-Gap is the final arbiter of the rally's integrity.
In summary, the mathematical trajectory confirms a bounce is forming. The August 4th earnings report is the key catalyst, and a positive A-Gap ignition will be the definitive signal that a more durable, long-term bottom is being established.
The Physics of a Failed Launch: A Structural Autopsy of SPCX
(1) The Seductive Story Before its collapse, SPCX was not sold as a company; it was sold as a story. The media narrative, echoing the pre-IPO hype, framed it as a visionary technology firm poised to disrupt the entire space economy. It was hailed as the "next Tesla," a story driven by a charismatic founder and a massive valuation that promised to redefine the future. This compelling narrative created a powerful wave of public enthusiasm, drawing in investors who were buying into the dream of a revolution.
(2) The Climax: The Laws of Gravity On June 16, 2026, that wave of enthusiasm reached its physical limit. Our instruments showed the buying force for SPCX hit its absolute maximum, registering a Demand Ratio of 1.000. In the laws of physics, this is the moment an object thrown into the air stops rising, hanging for a split second at its highest point just before gravity takes over. This was the point of Terminal Exhaustion—the moment of maximum optimism, where every willing buyer had already bought, and there was no new force left to propel the stock higher.
(3) The Collapse: Engine Failure What followed was a catastrophic structural failure. Our Acceleration Gap (A-Gap) indicator, which measures the health of the market's engine, turned decisively negative and began to plummet. A negative A-Gap signals that the engine has failed and the asset is in free-fall, with the downward force of selling becoming overwhelmingly greater than any attempt to buy. The selling was not a gentle drift; it was a violent, high-velocity collapse as the lack of underlying support became apparent.
(4) Absolute Zero and the First Spark The cycle reached its conclusion on July 22, when selling pressure completely exhausted itself. The Demand Ratio hit 0.000—the point of Absolute Zero Force. This is the moment of total capitulation, where the last panicked seller has been flushed from the market. In the days that followed, a tiny flicker of life appeared as the Demand Ratio lifted slightly to 0.013. This was the first, tentative spark in a dark engine room, signaling that after the complete washout, the very first high-risk buyers were beginning to test the wreckage.
(5) The Bottom Line: Structure vs. Story This case study teaches a critical lesson for every investor. The story about SPCX was powerful and alluring. But the physics of the market told a different, more truthful tale. While the headlines celebrated the launch, our instruments were detecting that the upward thrust was weakening and the structure was becoming unstable. The collapse of the A-Gap provided the undeniable warning of an imminent engine failure, long before the price hit its ultimate low. As investors, we must learn to listen not just to the seductive power of a story, but to the cold, hard mechanics of the engine. Force, not narrative, is the final arbiter of market truth.
By Professor Clock on July 24 2026 at 2.39 pm
Summer 2026: The Physics of a Market at a Crossroads
(1) An Overview of the Journey For over a year, the market has been on a remarkable journey, akin to a powerful rocket launching from its lows in the spring of 2025. This ascent, fueled by immense enthusiasm for the promise of Artificial Intelligence, propelled the market to historic heights. But in early June of 2026, that rocket reached its apex. The powerful upward thrust began to sputter, and since that climax, the market has lost its clear direction, entering a new and more challenging phase. It is now caught between the memory of its powerful momentum and the pull of economic gravity. Table # 1
Table # 1 - Force Momentum Ratio and FMI 2025 to 2026
| Date | Short-PR | Short-DR | LONG-DR | Force Ratio | Macro_P_Rank | Micro_P_Rank | NFI |
| Tuesday, April 8, 2025 | $0.00 | 0.01 | 0.827 | 0.01 | 0.00 | 0.00 | 0.00 |
| Wednesday, April 9, 2025 | $0.17 | 0.20 | 0.851 | 0.23 | 3.10 | 3.10 | 2.53 |
| Thursday, April 10, 2025 | $0.09 | 0.15 | 0.846 | 0.18 | 0.90 | 0.90 | 0.76 |
| Friday, April 11, 2025 | $0.12 | 0.20 | 0.852 | 0.23 | 3.40 | 3.10 | 2.65 |
| Monday, April 14, 2025 | $0.14 | 0.18 | 0.849 | 0.21 | 2.50 | 2.50 | 2.04 |
| Tuesday, April 15, 2025 | $0.14 | 0.17 | 0.848 | 0.20 | 2.20 | 2.20 | 1.80 |
| Wednesday, April 16, 2025 | $0.10 | 0.15 | 0.846 | 0.18 | 1.20 | 0.90 | 0.88 |
| Thursday, April 17, 2025 | $0.10 | 0.15 | 0.846 | 0.18 | 1.50 | 0.90 | 1.00 |
| Monday, April 21, 2025 | $0.06 | 0.12 | 0.843 | 0.14 | 0.30 | 0.30 | 0.27 |
| Tuesday, April 22, 2025 | $0.10 | 0.16 | 0.848 | 0.19 | 1.90 | 1.90 | 1.56 |
| Wednesday, April 23, 2025 | $0.13 | 0.13 | 0.844 | 0.15 | 0.60 | 0.60 | 0.51 |
| Thursday, April 24, 2025 | $0.17 | 0.18 | 0.850 | 0.21 | 2.80 | 2.50 | 2.16 |
| Friday, April 25, 2025 | $0.18 | 0.20 | 0.854 | 0.23 | 3.70 | 3.10 | 2.77 |
| Monday, April 28, 2025 | $0.18 | 0.20 | 0.854 | 0.23 | 4.00 | 3.10 | 2.89 |
| Tuesday, April 29, 2025 | $0.19 | 0.23 | 0.857 | 0.27 | 4.30 | 4.30 | 3.49 |
| Wednesday, April 30, 2025 | $0.19 | 0.26 | 0.861 | 0.30 | 4.90 | 4.90 | 3.98 |
| Thursday, May 1, 2025 | $0.21 | 0.25 | 0.860 | 0.29 | 4.60 | 4.60 | 3.74 |
| Friday, May 2, 2025 | $0.24 | 0.27 | 0.863 | 0.31 | 5.20 | 5.20 | 4.22 |
| Monday, May 5, 2025 | $0.23 | 0.28 | 0.864 | 0.32 | 5.90 | 5.60 | 4.66 |
| Tuesday, May 6, 2025 | $0.21 | 0.29 | 0.865 | 0.34 | 6.80 | 6.50 | 5.39 |
| Wednesday, May 7, 2025 | $0.22 | 0.29 | 0.865 | 0.34 | 6.50 | 6.50 | 5.27 |
| Thursday, May 8, 2025 | $0.24 | 0.29 | 0.866 | 0.33 | 7.10 | 6.50 | 5.51 |
| Friday, May 9, 2025 | $0.23 | 0.28 | 0.864 | 0.32 | 5.60 | 5.60 | 4.54 |
| Monday, May 12, 2025 | $0.30 | 0.28 | 0.864 | 0.32 | 6.20 | 5.60 | 4.78 |
| Tuesday, May 13, 2025 | $0.31 | 0.31 | 0.866 | 0.36 | 7.70 | 7.40 | 6.11 |
| Wednesday, May 14, 2025 | $0.31 | 0.31 | 0.866 | 0.36 | 7.40 | 7.40 | 5.99 |
| Thursday, May 15, 2025 | $0.32 | 0.34 | 0.870 | 0.39 | 8.00 | 8.00 | 6.48 |
| Friday, May 16, 2025 | $0.33 | 0.37 | 0.874 | 0.42 | 8.60 | 8.30 | 6.84 |
| Monday, May 19, 2025 | $0.33 | 0.42 | 0.880 | 0.48 | 13.30 | 11.40 | 9.98 |
| Tuesday, May 20, 2025 | $0.33 | 0.42 | 0.881 | 0.48 | 14.80 | 11.40 | 10.58 |
| Wednesday, May 21, 2025 | $0.29 | 0.38 | 0.876 | 0.43 | 9.60 | 8.60 | 7.37 |
| Thursday, May 22, 2025 | $0.29 | 0.39 | 0.877 | 0.44 | 9.90 | 9.30 | 7.77 |
| Friday, May 23, 2025 | $0.28 | 0.43 | 0.882 | 0.49 | 17.00 | 13.90 | 12.46 |
| Tuesday, May 27, 2025 | $0.32 | 0.46 | 0.886 | 0.52 | 22.20 | 19.10 | 16.62 |
| Wednesday, May 28, 2025 | $0.31 | 0.42 | 0.881 | 0.48 | 16.40 | 11.40 | 11.22 |
| Thursday, May 29, 2025 | $0.32 | 0.40 | 0.878 | 0.46 | 11.10 | 9.90 | 8.49 |
| Friday, May 30, 2025 | $0.31 | 0.40 | 0.878 | 0.46 | 11.40 | 9.90 | 8.61 |
| Monday, June 2, 2025 | $0.32 | 0.42 | 0.881 | 0.48 | 15.70 | 11.40 | 10.94 |
| Tuesday, June 3, 2025 | $0.34 | 0.46 | 0.886 | 0.52 | 22.50 | 19.10 | 16.74 |
| Wednesday, June 4, 2025 | $0.33 | 0.45 | 0.885 | 0.51 | 20.70 | 17.30 | 15.30 |
| Thursday, June 5, 2025 | $0.33 | 0.42 | 0.881 | 0.48 | 16.00 | 11.40 | 11.06 |
| Friday, June 6, 2025 | $0.35 | 0.43 | 0.882 | 0.49 | 17.90 | 13.90 | 12.82 |
| Monday, June 9, 2025 | $0.35 | 0.42 | 0.882 | 0.48 | 16.70 | 11.40 | 11.34 |
| Tuesday, June 10, 2025 | $0.36 | 0.45 | 0.884 | 0.51 | 19.80 | 17.30 | 14.94 |
| Wednesday, June 11, 2025 | $0.36 | 0.41 | 0.880 | 0.47 | 12.70 | 10.80 | 9.49 |
| Thursday, June 12, 2025 | $0.36 | 0.45 | 0.884 | 0.51 | 18.80 | 17.30 | 14.54 |
| Friday, June 13, 2025 | $0.33 | 0.43 | 0.880 | 0.49 | 13.90 | 13.90 | 11.22 |
| Monday, June 16, 2025 | $0.36 | 0.45 | 0.884 | 0.51 | 19.10 | 17.30 | 14.66 |
| Tuesday, June 17, 2025 | $0.34 | 0.43 | 0.881 | 0.49 | 14.20 | 13.90 | 11.34 |
| Wednesday, June 18, 2025 | $0.34 | 0.43 | 0.881 | 0.49 | 15.40 | 13.90 | 11.82 |
| Friday, June 20, 2025 | $0.33 | 0.38 | 0.875 | 0.43 | 9.00 | 8.60 | 7.13 |
| Monday, June 23, 2025 | $0.35 | 0.42 | 0.880 | 0.48 | 13.60 | 11.40 | 10.10 |
| Tuesday, June 24, 2025 | $0.38 | 0.45 | 0.884 | 0.51 | 20.40 | 17.30 | 15.18 |
| Wednesday, June 25, 2025 | $0.38 | 0.43 | 0.881 | 0.49 | 15.10 | 13.90 | 11.70 |
| Thursday, June 26, 2025 | $0.40 | 0.47 | 0.886 | 0.53 | 21.90 | 21.30 | 17.39 |
| Friday, June 27, 2025 | $0.41 | 0.48 | 0.887 | 0.54 | 23.80 | 22.20 | 18.51 |
| Monday, June 30, 2025 | $0.42 | 0.48 | 0.886 | 0.54 | 21.60 | 22.20 | 17.63 |
| Tuesday, July 1, 2025 | $0.42 | 0.49 | 0.888 | 0.55 | 24.10 | 23.50 | 19.15 |
| Wednesday, July 2, 2025 | $0.43 | 0.54 | 0.894 | 0.60 | 33.30 | 31.20 | 25.92 |
| Thursday, July 3, 2025 | $0.45 | 0.57 | 0.898 | 0.63 | 41.40 | 38.60 | 32.13 |
| Monday, July 7, 2025 | $0.43 | 0.54 | 0.894 | 0.60 | 34.60 | 31.20 | 26.44 |
| Tuesday, July 8, 2025 | $0.43 | 0.53 | 0.894 | 0.59 | 32.70 | 28.10 | 24.44 |
| Wednesday, July 9, 2025 | $0.44 | 0.55 | 0.897 | 0.61 | 37.70 | 34.60 | 29.04 |
| Thursday, July 10, 2025 | $0.45 | 0.56 | 0.898 | 0.62 | 42.60 | 36.10 | 31.60 |
| Friday, July 11, 2025 | $0.44 | 0.56 | 0.897 | 0.62 | 39.80 | 36.10 | 30.48 |
| Monday, July 14, 2025 | $0.44 | 0.59 | 0.901 | 0.66 | 48.10 | 45.10 | 37.41 |
| Tuesday, July 15, 2025 | $0.43 | 0.53 | 0.892 | 0.59 | 29.90 | 28.10 | 23.32 |
| Wednesday, July 16, 2025 | $0.44 | 0.53 | 0.893 | 0.59 | 31.80 | 28.10 | 24.08 |
| Thursday, July 17, 2025 | $0.46 | 0.58 | 0.900 | 0.64 | 47.20 | 41.40 | 35.57 |
| Friday, July 18, 2025 | $0.45 | 0.54 | 0.894 | 0.60 | 33.60 | 31.20 | 26.04 |
| Monday, July 21, 2025 | $0.45 | 0.54 | 0.893 | 0.60 | 31.20 | 31.20 | 25.08 |
| Tuesday, July 22, 2025 | $0.46 | 0.54 | 0.894 | 0.60 | 32.40 | 31.20 | 25.56 |
| Wednesday, July 23, 2025 | $0.48 | 0.57 | 0.899 | 0.63 | 43.20 | 38.60 | 32.85 |
| Thursday, July 24, 2025 | $0.47 | 0.56 | 0.896 | 0.62 | 37.00 | 36.10 | 29.36 |
| Friday, July 25, 2025 | $0.48 | 0.58 | 0.898 | 0.65 | 42.30 | 41.40 | 33.61 |
| Monday, July 28, 2025 | $0.48 | 0.57 | 0.897 | 0.64 | 38.30 | 38.60 | 30.89 |
| Tuesday, July 29, 2025 | $0.47 | 0.53 | 0.892 | 0.59 | 28.70 | 28.10 | 22.84 |
| Wednesday, July 30, 2025 | $0.47 | 0.52 | 0.889 | 0.58 | 24.70 | 27.50 | 21.00 |
| Thursday, July 31, 2025 | $0.46 | 0.46 | 0.882 | 0.52 | 17.30 | 19.10 | 14.66 |
| Friday, August 1, 2025 | $0.42 | 0.40 | 0.875 | 0.46 | 9.30 | 9.90 | 7.77 |
| Monday, August 4, 2025 | $0.45 | 0.46 | 0.883 | 0.52 | 18.50 | 19.10 | 15.14 |
| Tuesday, August 5, 2025 | $0.45 | 0.43 | 0.880 | 0.49 | 12.30 | 13.90 | 10.58 |
| Wednesday, August 6, 2025 | $0.46 | 0.46 | 0.882 | 0.52 | 17.60 | 19.10 | 14.78 |
| Thursday, August 7, 2025 | $0.46 | 0.42 | 0.878 | 0.48 | 10.50 | 11.40 | 8.86 |
| Friday, August 8, 2025 | $0.47 | 0.45 | 0.880 | 0.51 | 13.00 | 17.30 | 12.22 |
| Monday, August 11, 2025 | $0.47 | 0.43 | 0.878 | 0.49 | 10.80 | 13.90 | 9.98 |
| Tuesday, August 12, 2025 | $0.50 | 0.48 | 0.884 | 0.54 | 20.10 | 22.20 | 17.03 |
| Wednesday, August 13, 2025 | $0.51 | 0.49 | 0.887 | 0.55 | 23.50 | 23.50 | 18.91 |
| Thursday, August 14, 2025 | $0.51 | 0.51 | 0.889 | 0.57 | 25.30 | 25.30 | 20.35 |
| Friday, August 15, 2025 | $0.50 | 0.47 | 0.884 | 0.53 | 19.40 | 21.30 | 16.39 |
| Monday, August 18, 2025 | $0.50 | 0.48 | 0.885 | 0.54 | 21.30 | 22.20 | 17.51 |
| Tuesday, August 19, 2025 | $0.49 | 0.44 | 0.881 | 0.50 | 14.50 | 17.00 | 12.70 |
| Wednesday, August 20, 2025 | $0.48 | 0.43 | 0.879 | 0.49 | 11.70 | 13.90 | 10.34 |
| Thursday, August 21, 2025 | $0.47 | 0.43 | 0.879 | 0.49 | 12.00 | 13.90 | 10.46 |
| Friday, August 22, 2025 | $0.52 | 0.50 | 0.889 | 0.56 | 24.40 | 24.40 | 19.63 |
| Monday, August 25, 2025 | $0.50 | 0.47 | 0.885 | 0.53 | 21.00 | 21.30 | 17.03 |
| Tuesday, August 26, 2025 | $0.51 | 0.50 | 0.889 | 0.56 | 25.60 | 24.40 | 20.11 |
| Wednesday, August 27, 2025 | $0.52 | 0.53 | 0.893 | 0.59 | 31.50 | 28.10 | 23.96 |
| Thursday, August 28, 2025 | $0.53 | 0.54 | 0.894 | 0.60 | 34.30 | 31.20 | 26.32 |
| Friday, August 29, 2025 | $0.51 | 0.51 | 0.890 | 0.57 | 26.90 | 25.30 | 20.99 |
| Tuesday, September 2, 2025 | $0.50 | 0.55 | 0.895 | 0.61 | 35.80 | 34.60 | 28.28 |
| Wednesday, September 3, 2025 | $0.51 | 0.56 | 0.897 | 0.62 | 39.20 | 36.10 | 30.24 |
| Thursday, September 4, 2025 | $0.53 | 0.61 | 0.903 | 0.68 | 53.10 | 51.90 | 42.14 |
| Friday, September 5, 2025 | $0.53 | 0.58 | 0.900 | 0.64 | 45.10 | 41.40 | 34.73 |
| Monday, September 8, 2025 | $0.53 | 0.59 | 0.900 | 0.66 | 46.30 | 45.10 | 36.69 |
| Tuesday, September 9, 2025 | $0.54 | 0.59 | 0.901 | 0.66 | 47.80 | 45.10 | 37.29 |
| Wednesday, September 10, 2025 | $0.53 | 0.57 | 0.897 | 0.64 | 38.90 | 38.60 | 31.13 |
| Thursday, September 11, 2025 | $0.55 | 0.61 | 0.903 | 0.68 | 54.30 | 51.90 | 42.62 |
| Friday, September 12, 2025 | $0.55 | 0.59 | 0.900 | 0.66 | 45.40 | 45.10 | 36.33 |
| Monday, September 15, 2025 | $0.56 | 0.63 | 0.904 | 0.70 | 56.20 | 59.60 | 46.46 |
| Tuesday, September 16, 2025 | $0.56 | 0.60 | 0.901 | 0.67 | 49.40 | 49.40 | 39.65 |
| Wednesday, September 17, 2025 | $0.56 | 0.60 | 0.900 | 0.67 | 46.60 | 49.40 | 38.53 |
| Thursday, September 18, 2025 | $0.58 | 0.62 | 0.905 | 0.69 | 59.30 | 55.60 | 46.10 |
| Friday, September 19, 2025 | $0.59 | 0.62 | 0.903 | 0.69 | 52.50 | 55.60 | 43.38 |
| Monday, September 22, 2025 | $0.60 | 0.68 | 0.910 | 0.75 | 70.40 | 72.50 | 57.31 |
| Tuesday, September 23, 2025 | $0.59 | 0.64 | 0.905 | 0.71 | 60.20 | 63.30 | 49.54 |
| Wednesday, September 24, 2025 | $0.58 | 0.59 | 0.899 | 0.66 | 43.80 | 45.10 | 35.69 |
| Thursday, September 25, 2025 | $0.57 | 0.60 | 0.900 | 0.67 | 46.90 | 49.40 | 38.65 |
| Friday, September 26, 2025 | $0.58 | 0.63 | 0.904 | 0.70 | 58.60 | 59.60 | 47.42 |
| Monday, September 29, 2025 | $0.58 | 0.62 | 0.902 | 0.69 | 51.50 | 55.60 | 42.98 |
| Tuesday, September 30, 2025 | $0.59 | 0.65 | 0.906 | 0.72 | 62.70 | 65.40 | 51.38 |
| Wednesday, October 1, 2025 | $0.60 | 0.69 | 0.912 | 0.76 | 72.20 | 73.50 | 58.43 |
| Thursday, October 2, 2025 | $0.60 | 0.69 | 0.912 | 0.76 | 72.50 | 73.50 | 58.55 |
| Friday, October 3, 2025 | $0.61 | 0.68 | 0.911 | 0.75 | 71.60 | 72.50 | 57.79 |
| Monday, October 6, 2025 | $0.62 | 0.67 | 0.910 | 0.74 | 69.10 | 71.30 | 56.31 |
| Tuesday, October 7, 2025 | $0.60 | 0.63 | 0.904 | 0.70 | 57.40 | 59.60 | 46.94 |
| Wednesday, October 8, 2025 | $0.62 | 0.66 | 0.908 | 0.73 | 66.00 | 67.90 | 53.71 |
| Thursday, October 9, 2025 | $0.61 | 0.64 | 0.905 | 0.71 | 61.40 | 63.30 | 50.02 |
| Friday, October 10, 2025 | $0.55 | 0.53 | 0.890 | 0.60 | 27.80 | 28.10 | 22.48 |
| Monday, October 13, 2025 | $0.59 | 0.57 | 0.896 | 0.64 | 36.10 | 38.60 | 30.01 |
| Tuesday, October 14, 2025 | $0.59 | 0.60 | 0.901 | 0.67 | 50.30 | 49.40 | 40.01 |
| Wednesday, October 15, 2025 | $0.60 | 0.59 | 0.900 | 0.66 | 46.00 | 45.10 | 36.57 |
| Thursday, October 16, 2025 | $0.58 | 0.54 | 0.892 | 0.61 | 29.60 | 31.20 | 24.44 |
| Friday, October 17, 2025 | $0.59 | 0.58 | 0.897 | 0.65 | 40.10 | 41.40 | 32.73 |
| Monday, October 20, 2025 | $0.62 | 0.62 | 0.903 | 0.69 | 54.00 | 55.60 | 43.98 |
| Tuesday, October 21, 2025 | $0.62 | 0.62 | 0.903 | 0.69 | 53.70 | 55.60 | 43.86 |
| Wednesday, October 22, 2025 | $0.60 | 0.59 | 0.898 | 0.66 | 41.00 | 45.10 | 34.57 |
| Thursday, October 23, 2025 | $0.62 | 0.63 | 0.903 | 0.70 | 53.40 | 59.60 | 45.34 |
| Friday, October 24, 2025 | $0.64 | 0.64 | 0.904 | 0.71 | 59.00 | 63.30 | 49.06 |
| Monday, October 27, 2025 | $0.67 | 0.66 | 0.906 | 0.73 | 63.90 | 67.90 | 52.87 |
| Tuesday, October 28, 2025 | $0.67 | 0.67 | 0.906 | 0.74 | 63.60 | 71.30 | 54.11 |
| Wednesday, October 29, 2025 | $0.67 | 0.65 | 0.904 | 0.72 | 57.10 | 65.40 | 49.14 |
| Thursday, October 30, 2025 | $0.65 | 0.61 | 0.900 | 0.68 | 44.40 | 51.90 | 38.66 |
| Friday, October 31, 2025 | $0.66 | 0.59 | 0.897 | 0.66 | 40.40 | 45.10 | 34.33 |
| Monday, November 3, 2025 | $0.66 | 0.57 | 0.895 | 0.64 | 35.20 | 38.60 | 29.65 |
| Tuesday, November 4, 2025 | $0.63 | 0.55 | 0.893 | 0.62 | 30.20 | 34.60 | 26.04 |
| Wednesday, November 5, 2025 | $0.64 | 0.59 | 0.898 | 0.66 | 40.70 | 45.10 | 34.45 |
| Thursday, November 6, 2025 | $0.61 | 0.53 | 0.889 | 0.60 | 25.90 | 28.10 | 21.72 |
| Friday, November 7, 2025 | $0.61 | 0.56 | 0.894 | 0.63 | 34.00 | 36.10 | 28.17 |
| Monday, November 10, 2025 | $0.64 | 0.58 | 0.896 | 0.65 | 37.30 | 41.40 | 31.61 |
| Tuesday, November 11, 2025 | $0.65 | 0.61 | 0.900 | 0.68 | 44.10 | 51.90 | 38.54 |
| Wednesday, November 12, 2025 | $0.65 | 0.59 | 0.897 | 0.66 | 39.50 | 45.10 | 33.97 |
| Thursday, November 13, 2025 | $0.61 | 0.51 | 0.886 | 0.58 | 22.80 | 25.30 | 19.36 |
| Friday, November 14, 2025 | $0.61 | 0.57 | 0.894 | 0.64 | 34.90 | 38.60 | 29.53 |
| Monday, November 17, 2025 | $0.58 | 0.53 | 0.889 | 0.60 | 25.00 | 28.10 | 21.36 |
| Tuesday, November 18, 2025 | $0.56 | 0.52 | 0.890 | 0.58 | 26.50 | 27.50 | 21.72 |
| Wednesday, November 19, 2025 | $0.57 | 0.54 | 0.891 | 0.61 | 28.40 | 31.20 | 23.96 |
| Thursday, November 20, 2025 | $0.53 | 0.41 | 0.873 | 0.47 | 8.30 | 10.80 | 7.73 |
| Friday, November 21, 2025 | $0.56 | 0.46 | 0.883 | 0.52 | 18.20 | 19.10 | 15.02 |
| Monday, November 24, 2025 | $0.60 | 0.51 | 0.889 | 0.57 | 26.20 | 25.30 | 20.71 |
| Tuesday, November 25, 2025 | $0.62 | 0.56 | 0.896 | 0.63 | 36.40 | 36.10 | 29.13 |
| Wednesday, November 26, 2025 | $0.64 | 0.59 | 0.900 | 0.66 | 44.80 | 45.10 | 36.09 |
| Friday, November 28, 2025 | $0.65 | 0.61 | 0.903 | 0.68 | 52.80 | 51.90 | 42.02 |
| Monday, December 1, 2025 | $0.64 | 0.62 | 0.904 | 0.69 | 58.00 | 55.60 | 45.58 |
| Tuesday, December 2, 2025 | $0.64 | 0.62 | 0.903 | 0.69 | 51.90 | 55.60 | 43.14 |
| Wednesday, December 3, 2025 | $0.66 | 0.66 | 0.908 | 0.73 | 66.40 | 67.90 | 53.87 |
| Thursday, December 4, 2025 | $0.66 | 0.66 | 0.910 | 0.73 | 68.80 | 67.90 | 54.83 |
| Friday, December 5, 2025 | $0.66 | 0.66 | 0.909 | 0.73 | 67.90 | 67.90 | 54.47 |
| Monday, December 8, 2025 | $0.66 | 0.63 | 0.905 | 0.70 | 60.80 | 59.60 | 48.30 |
| Tuesday, December 9, 2025 | $0.66 | 0.64 | 0.907 | 0.71 | 65.10 | 63.30 | 51.50 |
| Wednesday, December 10, 2025 | $0.68 | 0.69 | 0.913 | 0.76 | 73.80 | 73.50 | 59.07 |
| Thursday, December 11, 2025 | $0.69 | 0.73 | 0.919 | 0.79 | 76.50 | 76.50 | 61.36 |
| Friday, December 12, 2025 | $0.66 | 0.66 | 0.910 | 0.73 | 69.40 | 67.90 | 55.07 |
| Monday, December 15, 2025 | $0.65 | 0.6 | 0.901 | 0.67 | 50.60 | 49.40 | 40.13 |
| Tuesday, December 16, 2025 | $0.64 | 0.6 | 0.902 | 0.67 | 50.90 | 49.40 | 40.25 |
| Wednesday, December 17, 2025 | $0.61 | 0.53 | 0.893 | 0.59 | 30.90 | 28.10 | 23.72 |
| Thursday, December 18, 2025 | $0.63 | 0.51 | 0.890 | 0.57 | 27.50 | 25.30 | 21.23 |
| Friday, December 19, 2025 | $0.65 | 0.58 | 0.898 | 0.65 | 41.70 | 41.40 | 33.37 |
| Monday, December 22, 2025 | $0.67 | 0.58 | 0.899 | 0.64 | 43.50 | 41.40 | 34.09 |
| Tuesday, December 23, 2025 | $0.67 | 0.62 | 0.903 | 0.69 | 52.20 | 55.60 | 43.26 |
| Wednesday, December 24, 2025 | $0.68 | 0.63 | 0.905 | 0.70 | 59.60 | 59.60 | 47.82 |
| Friday, December 26, 2025 | $0.68 | 0.63 | 0.903 | 0.70 | 55.90 | 59.60 | 46.34 |
| Monday, December 29, 2025 | $0.67 | 0.63 | 0.903 | 0.70 | 54.90 | 59.60 | 45.94 |
| Tuesday, December 30, 2025 | $0.66 | 0.61 | 0.901 | 0.68 | 48.80 | 51.90 | 40.42 |
| Wednesday, December 31, 2025 | $0.65 | 0.56 | 0.894 | 0.63 | 32.10 | 36.10 | 27.41 |
| Friday, January 2, 2026 | $0.65 | 0.54 | 0.893 | 0.60 | 30.60 | 31.20 | 24.84 |
| Monday, January 5, 2026 | $0.68 | 0.57 | 0.896 | 0.64 | 36.70 | 38.60 | 30.25 |
| Tuesday, January 6, 2026 | $0.69 | 0.62 | 0.903 | 0.69 | 54.60 | 55.60 | 44.22 |
| Wednesday, January 7, 2026 | $0.69 | 0.6 | 0.901 | 0.67 | 48.50 | 49.40 | 39.29 |
| Thursday, January 8, 2026 | $0.69 | 0.61 | 0.904 | 0.68 | 56.50 | 51.90 | 43.50 |
| Friday, January 9, 2026 | $0.71 | 0.64 | 0.907 | 0.71 | 65.40 | 63.30 | 51.62 |
| Monday, January 12, 2026 | $0.71 | 0.68 | 0.913 | 0.75 | 72.80 | 72.50 | 58.27 |
| Tuesday, January 13, 2026 | $0.71 | 0.66 | 0.909 | 0.73 | 67.60 | 67.90 | 54.35 |
| Wednesday, January 14, 2026 | $0.70 | 0.66 | 0.910 | 0.72 | 70.70 | 67.90 | 55.58 |
| Thursday, January 15, 2026 | $0.71 | 0.65 | 0.910 | 0.71 | 70.10 | 65.40 | 54.34 |
| Friday, January 16, 2026 | $0.71 | 0.62 | 0.907 | 0.68 | 64.80 | 55.60 | 48.30 |
| Tuesday, January 20, 2026 | $0.66 | 0.6 | 0.905 | 0.66 | 60.50 | 49.40 | 44.09 |
| Wednesday, January 21, 2026 | $0.69 | 0.66 | 0.913 | 0.72 | 73.50 | 67.90 | 56.70 |
| Thursday, January 22, 2026 | $0.71 | 0.65 | 0.912 | 0.71 | 71.90 | 65.40 | 55.06 |
| Friday, January 23, 2026 | $0.70 | 0.64 | 0.909 | 0.70 | 68.50 | 63.30 | 52.86 |
| Monday, January 26, 2026 | $0.71 | 0.66 | 0.910 | 0.72 | 71.00 | 67.90 | 55.70 |
| Tuesday, January 27, 2026 | $0.72 | 0.67 | 0.913 | 0.73 | 73.10 | 71.30 | 57.91 |
| Wednesday, January 28, 2026 | $0.72 | 0.64 | 0.908 | 0.70 | 66.70 | 63.30 | 52.14 |
| Thursday, January 29, 2026 | $0.71 | 0.63 | 0.907 | 0.69 | 64.50 | 59.60 | 49.78 |
| Friday, January 30, 2026 | $0.70 | 0.61 | 0.904 | 0.67 | 57.70 | 51.90 | 43.97 |
| Monday, February 2, 2026 | $0.71 | 0.66 | 0.911 | 0.72 | 71.30 | 67.90 | 55.82 |
| Tuesday, February 3, 2026 | $0.69 | 0.63 | 0.906 | 0.70 | 63.30 | 59.60 | 49.30 |
| Wednesday, February 4, 2026 | $0.68 | 0.58 | 0.901 | 0.64 | 47.50 | 41.40 | 35.69 |
| Thursday, February 5, 2026 | $0.64 | 0.54 | 0.895 | 0.60 | 35.50 | 31.20 | 26.80 |
| Friday, February 6, 2026 | $0.70 | 0.61 | 0.905 | 0.67 | 59.90 | 51.90 | 44.85 |
| Monday, February 9, 2026 | $0.71 | 0.65 | 0.909 | 0.71 | 68.20 | 65.40 | 53.58 |
| Tuesday, February 10, 2026 | $0.70 | 0.62 | 0.906 | 0.68 | 61.70 | 55.60 | 47.06 |
| Wednesday, February 11, 2026 | $0.70 | 0.58 | 0.901 | 0.64 | 49.70 | 41.40 | 36.57 |
| Thursday, February 12, 2026 | $0.66 | 0.5 | 0.890 | 0.56 | 27.20 | 24.40 | 20.75 |
| Friday, February 13, 2026 | $0.67 | 0.51 | 0.892 | 0.57 | 29.00 | 25.30 | 21.83 |
| Tuesday, February 17, 2026 | $0.67 | 0.53 | 0.894 | 0.59 | 33.00 | 28.10 | 24.56 |
| Wednesday, February 18, 2026 | $0.68 | 0.55 | 0.897 | 0.61 | 38.00 | 34.60 | 29.16 |
| Thursday, February 19, 2026 | $0.68 | 0.56 | 0.899 | 0.62 | 42.90 | 36.10 | 31.72 |
| Friday, February 20, 2026 | $0.69 | 0.62 | 0.906 | 0.68 | 63.00 | 55.60 | 47.58 |
| Monday, February 23, 2026 | $0.66 | 0.58 | 0.900 | 0.64 | 45.70 | 41.40 | 34.97 |
| Tuesday, February 24, 2026 | $0.68 | 0.62 | 0.906 | 0.68 | 62.30 | 55.60 | 47.30 |
| Wednesday, February 25, 2026 | $0.70 | 0.65 | 0.909 | 0.71 | 67.30 | 65.40 | 53.22 |
| Thursday, February 26, 2026 | $0.69 | 0.63 | 0.906 | 0.70 | 64.20 | 59.60 | 49.66 |
| Friday, February 27, 2026 | $0.68 | 0.65 | 0.909 | 0.71 | 67.00 | 65.40 | 53.10 |
| Monday, March 2, 2026 | $0.68 | 0.72 | 0.919 | 0.78 | 76.20 | 75.60 | 60.88 |
| Tuesday, March 3, 2026 | $0.65 | 0.77 | 0.925 | 0.83 | 79.30 | 79.60 | 63.73 |
| Wednesday, March 4, 2026 | $0.67 | 0.8 | 0.929 | 0.86 | 81.80 | 81.80 | 65.61 |
| Thursday, March 5, 2026 | $0.65 | 0.79 | 0.927 | 0.85 | 80.90 | 80.90 | 64.89 |
| Friday, March 6, 2026 | $0.62 | 0.78 | 0.926 | 0.84 | 79.60 | 80.20 | 64.09 |
| Monday, March 9, 2026 | $0.64 | 0.85 | 0.935 | 0.91 | 88.60 | 88.30 | 70.94 |
| Tuesday, March 10, 2026 | $0.64 | 0.85 | 0.936 | 0.91 | 89.80 | 88.30 | 71.42 |
| Wednesday, March 11, 2026 | $0.63 | 0.84 | 0.935 | 0.90 | 88.00 | 85.80 | 69.70 |
| Thursday, March 12, 2026 | $0.60 | 0.77 | 0.926 | 0.83 | 80.20 | 79.60 | 64.09 |
| Friday, March 13, 2026 | $0.59 | 0.72 | 0.919 | 0.78 | 75.90 | 75.60 | 60.76 |
| Monday, March 16, 2026 | $0.61 | 0.72 | 0.918 | 0.78 | 75.30 | 75.60 | 60.52 |
| Tuesday, March 17, 2026 | $0.62 | 0.71 | 0.917 | 0.77 | 74.70 | 74.70 | 59.91 |
| Wednesday, March 18, 2026 | $0.58 | 0.65 | 0.910 | 0.71 | 69.80 | 65.40 | 54.22 |
| Thursday, March 19, 2026 | $0.58 | 0.69 | 0.916 | 0.75 | 74.40 | 73.50 | 59.31 |
| Friday, March 20, 2026 | $0.54 | 0.61 | 0.904 | 0.67 | 58.30 | 51.90 | 44.21 |
| Monday, March 23, 2026 | $0.57 | 0.58 | 0.902 | 0.64 | 51.20 | 41.40 | 37.17 |
| Tuesday, March 24, 2026 | $0.57 | 0.61 | 0.905 | 0.67 | 61.10 | 51.90 | 45.33 |
| Wednesday, March 25, 2026 | $0.58 | 0.59 | 0.904 | 0.65 | 56.80 | 45.10 | 40.89 |
| Thursday, March 26, 2026 | $0.54 | 0.54 | 0.897 | 0.60 | 38.60 | 31.20 | 28.04 |
| Friday, March 27, 2026 | $0.50 | 0.46 | 0.887 | 0.52 | 23.10 | 19.10 | 16.98 |
| Monday, March 30, 2026 | $0.49 | 0.39 | 0.877 | 0.44 | 10.20 | 9.30 | 7.89 |
| Tuesday, March 31, 2026 | $0.56 | 0.49 | 0.891 | 0.55 | 28.10 | 23.50 | 20.75 |
| Wednesday, April 1, 2026 | $0.57 | 0.51 | 0.892 | 0.57 | 29.30 | 25.30 | 21.95 |
| Thursday, April 2, 2026 | $0.58 | 0.55 | 0.898 | 0.61 | 42.00 | 34.60 | 30.76 |
| Monday, April 6, 2026 | $0.59 | 0.57 | 0.901 | 0.63 | 49.10 | 38.60 | 35.21 |
| Tuesday, April 7, 2026 | $0.59 | 0.59 | 0.903 | 0.65 | 55.20 | 45.10 | 40.25 |
| Wednesday, April 8, 2026 | $0.65 | 0.58 | 0.901 | 0.64 | 50.00 | 41.40 | 36.69 |
| Thursday, April 9, 2026 | $0.67 | 0.61 | 0.906 | 0.67 | 62.00 | 51.90 | 45.69 |
| Friday, April 10, 2026 | $0.66 | 0.59 | 0.903 | 0.65 | 55.60 | 45.10 | 40.41 |
| Monday, April 13, 2026 | $0.69 | 0.63 | 0.908 | 0.69 | 65.70 | 59.60 | 50.26 |
| Tuesday, April 14, 2026 | $0.72 | 0.67 | 0.914 | 0.73 | 74.10 | 71.30 | 58.31 |
| Wednesday, April 15, 2026 | $0.73 | 0.71 | 0.918 | 0.77 | 75.00 | 74.70 | 60.03 |
| Thursday, April 16, 2026 | $0.74 | 0.71 | 0.919 | 0.77 | 75.60 | 74.70 | 60.27 |
| Friday, April 17, 2026 | $0.78 | 0.75 | 0.924 | 0.81 | 78.70 | 77.80 | 62.76 |
| Monday, April 20, 2026 | $0.78 | 0.76 | 0.926 | 0.82 | 79.90 | 78.40 | 63.48 |
| Tuesday, April 21, 2026 | $0.76 | 0.73 | 0.921 | 0.79 | 76.90 | 76.50 | 61.52 |
| Wednesday, April 22, 2026 | $0.79 | 0.74 | 0.923 | 0.80 | 77.50 | 77.20 | 62.04 |
| Thursday, April 23, 2026 | $0.78 | 0.74 | 0.922 | 0.80 | 77.20 | 77.20 | 61.92 |
| Friday, April 24, 2026 | $0.80 | 0.75 | 0.924 | 0.81 | 78.40 | 77.80 | 62.64 |
| Monday, April 27, 2026 | $0.80 | 0.76 | 0.925 | 0.82 | 79.00 | 78.40 | 63.12 |
| Tuesday, April 28, 2026 | $0.78 | 0.76 | 0.923 | 0.82 | 78.10 | 78.40 | 62.76 |
| Wednesday, April 29, 2026 | $0.78 | 0.76 | 0.923 | 0.82 | 77.80 | 78.40 | 62.64 |
| Thursday, April 30, 2026 | $0.81 | 0.79 | 0.927 | 0.85 | 81.20 | 80.90 | 65.01 |
| Friday, May 1, 2026 | $0.82 | 0.79 | 0.928 | 0.85 | 81.50 | 80.90 | 65.13 |
| Monday, May 4, 2026 | $0.81 | 0.78 | 0.927 | 0.84 | 80.60 | 80.20 | 64.49 |
| Tuesday, May 5, 2026 | $0.84 | 0.81 | 0.930 | 0.87 | 82.40 | 82.40 | 66.09 |
| Wednesday, May 6, 2026 | $0.88 | 0.84 | 0.935 | 0.90 | 87.30 | 85.80 | 69.42 |
| Thursday, May 7, 2026 | $0.86 | 0.81 | 0.931 | 0.87 | 82.70 | 82.40 | 66.21 |
| Friday, May 8, 2026 | $0.89 | 0.84 | 0.934 | 0.90 | 86.10 | 85.80 | 68.94 |
| Monday, May 11, 2026 | $0.90 | 0.86 | 0.936 | 0.92 | 91.70 | 91.40 | 73.42 |
| Tuesday, May 12, 2026 | $0.89 | 0.86 | 0.936 | 0.92 | 91.40 | 91.40 | 73.30 |
| Wednesday, May 13, 2026 | $0.90 | 0.87 | 0.937 | 0.93 | 93.20 | 93.50 | 74.87 |
| Thursday, May 14, 2026 | $0.92 | 0.89 | 0.939 | 0.95 | 96.00 | 95.70 | 76.87 |
| Friday, May 15, 2026 | $0.88 | 0.86 | 0.935 | 0.92 | 87.70 | 91.40 | 71.82 |
| Monday, May 18, 2026 | $0.88 | 0.85 | 0.932 | 0.91 | 85.50 | 88.30 | 69.70 |
| Tuesday, May 19, 2026 | $0.86 | 0.84 | 0.932 | 0.90 | 84.30 | 85.80 | 68.22 |
| Wednesday, May 20, 2026 | $0.89 | 0.88 | 0.937 | 0.94 | 92.90 | 94.40 | 75.11 |
| Thursday, May 21, 2026 | $0.90 | 0.91 | 0.941 | 0.97 | 96.60 | 96.90 | 77.59 |
| Friday, May 22, 2026 | $0.92 | 0.9 | 0.941 | 0.96 | 96.90 | 96.30 | 77.47 |
| Tuesday, May 26, 2026 | $0.94 | 0.92 | 0.944 | 0.98 | 98.10 | 98.10 | 78.68 |
| Wednesday, May 27, 2026 | $0.94 | 0.91 | 0.942 | 0.97 | 97.50 | 96.90 | 77.95 |
| Thursday, May 28, 2026 | $0.96 | 0.93 | 0.945 | 0.98 | 98.50 | 98.50 | 79.00 |
| Friday, May 29, 2026 | $0.96 | 0.94 | 0.945 | 0.99 | 98.80 | 98.80 | 79.24 |
| Monday, June 1, 2026 | $0.96 | 0.96 | 0.948 | 1.01 | 99.40 | 99.40 | 79.72 |
| Tuesday, June 2, 2026 | $0.97 | 0.98 | 0.951 | 1.03 | 100.00 | 99.70 | 80.09 |
| Wednesday, June 3, 2026 | $0.95 | 0.95 | 0.947 | 1.00 | 99.10 | 99.10 | 79.48 |
| Thursday, June 4, 2026 | $0.97 | 0.98 | 0.951 | 1.03 | 99.70 | 99.70 | 79.97 |
| Friday, June 5, 2026 | $0.88 | 0.91 | 0.941 | 0.97 | 97.20 | 96.90 | 77.83 |
| Monday, June 8, 2026 | $0.90 | 0.89 | 0.939 | 0.95 | 94.80 | 95.70 | 76.39 |
| Tuesday, June 9, 2026 | $0.89 | 0.86 | 0.935 | 0.92 | 89.20 | 91.40 | 72.42 |
| Wednesday, June 10, 2026 | $0.85 | 0.83 | 0.931 | 0.89 | 83.00 | 84.30 | 67.10 |
| Thursday, June 11, 2026 | $0.91 | 0.88 | 0.939 | 0.94 | 95.40 | 94.40 | 76.11 |
| Friday, June 12, 2026 | $0.93 | 0.9 | 0.941 | 0.96 | 96.30 | 96.30 | 77.23 |
| Monday, June 15, 2026 | $0.97 | 0.91 | 0.942 | 0.97 | 97.80 | 96.90 | 78.07 |
| Tuesday, June 16, 2026 | $0.95 | 0.88 | 0.938 | 0.94 | 94.10 | 94.40 | 75.59 |
| Wednesday, June 17, 2026 | $0.92 | 0.83 | 0.932 | 0.89 | 84.00 | 84.30 | 67.50 |
| Thursday, June 18, 2026 | $0.96 | 0.83 | 0.932 | 0.89 | 84.90 | 84.30 | 67.86 |
| Monday, June 22, 2026 | $0.96 | 0.82 | 0.931 | 0.88 | 83.30 | 83.30 | 66.82 |
| Tuesday, June 23, 2026 | $0.92 | 0.82 | 0.932 | 0.88 | 85.20 | 83.30 | 67.58 |
| Wednesday, June 24, 2026 | $0.92 | 0.82 | 0.932 | 0.88 | 83.60 | 83.30 | 66.94 |
| Thursday, June 25, 2026 | $0.93 | 0.8 | 0.929 | 0.86 | 82.10 | 81.80 | 65.73 |
| Friday, June 26, 2026 | $0.91 | 0.81 | 0.932 | 0.87 | 84.60 | 82.40 | 66.97 |
| Monday, June 29, 2026 | $0.95 | 0.83 | 0.935 | 0.89 | 86.70 | 84.30 | 68.58 |
| Tuesday, June 30, 2026 | $0.97 | 0.87 | 0.939 | 0.93 | 95.10 | 93.50 | 75.63 |
| Wednesday, July 1, 2026 | $0.96 | 0.86 | 0.938 | 0.92 | 93.80 | 91.40 | 74.26 |
| Thursday, July 2, 2026 | $0.94 | 0.84 | 0.935 | 0.90 | 88.90 | 85.80 | 70.06 |
| Monday, July 6, 2026 | $0.97 | 0.86 | 0.937 | 0.92 | 93.50 | 91.40 | 74.14 |
| Tuesday, July 7, 2026 | $0.94 | 0.84 | 0.935 | 0.90 | 87.00 | 85.80 | 69.30 |
| Wednesday, July 8, 2026 | $0.93 | 0.85 | 0.936 | 0.91 | 90.40 | 88.30 | 71.66 |
| Thursday, July 9, 2026 | $0.96 | 0.87 | 0.938 | 0.93 | 94.40 | 93.50 | 75.35 |
| Friday, July 10, 2026 | $0.97 | 0.88 | 0.939 | 0.94 | 95.70 | 94.40 | 76.23 |
| Monday, July 13, 2026 | $0.94 | 0.85 | 0.936 | 0.91 | 92.00 | 88.30 | 72.30 |
| Tuesday, July 14, 2026 | $0.95 | 0.85 | 0.936 | 0.91 | 91.00 | 88.30 | 71.90 |
| Wednesday, July 15, 2026 | $0.96 | 0.85 | 0.935 | 0.91 | 89.50 | 88.30 | 71.30 |
| Thursday, July 16, 2026 | $0.94 | 0.84 | 0.934 | 0.90 | 86.40 | 85.80 | 69.06 |
| Friday, July 17, 2026 | $0.92 | 0.86 | 0.937 | 0.92 | 92.60 | 91.40 | 73.78 |
| Monday, July 20, 2026 | $0.91 | 0.83 | 0.933 | 0.89 | 85.80 | 84.30 | 68.22 |
| Tuesday, July 21, 2026 | $0.94 | 0.85 | 0.936 | 0.91 | 90.70 | 88.30 | 71.78 |
| Wednesday, July 22, 2026 | $0.93 | 0.84 | 0.935 | 0.90 | 88.30 | 85.80 | 69.82 |
| Thursday, July 23, 2026 | $0.90 | 0.85 | 0.936 | 0.91 | 90.10 | 88.30 | 71.54 |
| Friday, July 24, 2026 | $0.91 | 0.85 | 0.936 | 0.91 | 92.30 | 88.30 | 72.42 |
(2) The Market's Engine and Our New Guide To understand the market's health, we use a new tool called the Force Momentum Ratio (FMR). Think of it like this: A car has a certain speed (the long-term trend), but what truly matters is the power the engine is delivering right now (the short-term energy). The FMR compares the engine's current power to the car's overall speed. Since the June peak, the FMR has been consistently low, indicating the market's engine has been sputtering. The recent bounce was the engine attempting to restart, but the FMR tells us it is not yet delivering enough power to resume a strong acceleration.
(3) The Summer's Conflicting Stories The news this summer explains why the market is stuck. The headlines are a mix of conflicting stories that pull investors in opposite directions. On one hand, strong earnings reports from many companies provide a reason for optimism, suggesting the economy is resilient. On the other hand, a surge in oil prices due to geopolitical tensions has reignited fears of inflation, while after-hours reports from tech giants like Google and Tesla have raised concerns about the high cost of the AI boom. This has created a "battle of the narratives," leaving the market caught between a bullish story and a bearish one.
(4) Technicals vs. Fundamentals: A Stalemate Is the news a camouflage for the market's real situation? Our analysis shows that the market's internal physics are a perfect reflection of this fundamental confusion. The conflicting stories have created a structural stalemate. The sellers, worried about inflation and high-spending tech companies, are being met by an equal force of buyers, encouraged by the good earnings from other sectors. The result is a market trapped in a sideways range, caught in a tug-of-war with no clear winner. The technical data confirms that neither the bulls nor the bears have had the strength to take control.
(5) The Week Ahead: A Calendar of Catalysts The market now faces a series of key tests that could break this stalemate. This past week was dominated by a crucial European Central Bank (ECB) interest rate decision and a slate of major earnings reports from companies like Alphabet, Tesla, and Intel. Looking to the week of July 27th, the focus shifts directly to the United States. The single most important event will be the U.S. Federal Reserve (FOMC) interest rate decision on Wednesday, followed by a critical preliminary reading of U.S. Q2 GDP on Thursday. These events will provide the necessary force to either refuel the market's engine or confirm the bears' fears.
(6) The Bottom Line: A Time for Caution What is the strategy in this environment? When a body in motion loses its upward thrust and is caught between the forces of momentum and gravity, it enters a period of dangerous unpredictability. This is not a time for aggressive risk-taking. It is a time for caution and capital preservation. The current stalemate will eventually break. A wise investor will wait for the market to choose a clear direction, confirmed by a new and powerful impulse of force, before committing significant new capital. When the winds are swirling and the current is uncertain, the safest strategy is to wait for a clear signal.
This conversation is for educational purposes only and not financial advice. Past performance does not guarantee future results, and investing involves risk. Professor Clock, StockFlash4Ward, and Angel Robaina are separate but affiliated and not responsible for each other’s services.
Remember: technical structure always shifts before the public reacts. Because the public responds more slowly than the indicators, markets often experience overruns of enthusiasm or weakness before aligning with the underlying structure. Always account for this time lag when interpreting short-term movement.
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