{
  "ticker": {
    "uuid": "01bf97b3-e179-48eb-af4a-4455387706a3",
    "symbol": "ACAD",
    "name": "AcadeMedia AB (publ)",
    "exchange": "STO",
    "country": "SE",
    "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": "^OMX",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 86.7,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "up",
    "architecture_direction": 5.561,
    "architecture_energy": 9.415,
    "architecture_maturity": 56.607,
    "architecture_confidence": 57.532,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 64.61,
        "rotation_up": 24.93,
        "upward_expansion": 44.08,
        "deceleration": 78.14,
        "rotation_down": 34.5,
        "downward_expansion": 33.41
      },
      "activity_lines": [
        99.28,
        100.085455,
        100.336191,
        99.950753
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 97.5,
    "trend_reference": 98.866667,
    "distance_from_trend": -0.013823,
    "trend_direction": "Improving",
    "fair_value": 72.63309,
    "distance_from_fair_value": 0.342363,
    "fair_value_direction": "Weakening",
    "relative_strength": -11.777606,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.091825,
    "excess_performance": 0.030331,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.013823,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.0023,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.342363,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.045387,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.117776,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.031451,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.091825,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.446797,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 331419,
      "relative_activity": 0.589257,
      "balance": 0.446797,
      "dry_up": 0.705509,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.06501,
      "annualized_volatility": 0.297949,
      "from_high_reference": -0.108775,
      "from_low_reference": 0.164206
    },
    "levels": {
      "trend_reference": 98.866667,
      "fair_value_reference": 72.63309,
      "structural_low": 85.5,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 23,
        "median_return": -0.019,
        "positive_rate": 0.434783,
        "directional_follow_through": 0.434783,
        "median_excess_return": -0.028364,
        "regime_survival": 0.73913,
        "best_return": 0.122881,
        "worst_return": -0.19683,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.024367,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.083738,
        "regime_survival": 0.25,
        "best_return": 0.08055,
        "worst_return": -0.296476,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.090014,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.021697,
        "regime_survival": 0.2,
        "best_return": 0.277014,
        "worst_return": -0.31473,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.027345,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.025497,
        "regime_survival": 0.333333,
        "best_return": 0.209525,
        "worst_return": -0.442747,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-11-17",
        "end": "2023-12-01",
        "tenure": "New",
        "return": 0.025127,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-08",
        "end": "2024-02-23",
        "tenure": "Developing",
        "return": -0.048659,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-03-01",
        "end": "2024-03-15",
        "tenure": "New",
        "return": 0.004241,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-03-22",
        "end": "2024-04-05",
        "tenure": "New",
        "return": 0.021068,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-04-12",
        "end": "2024-04-19",
        "tenure": "New",
        "return": 0.007277,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-04-26",
        "end": "2024-05-10",
        "tenure": "New",
        "return": 0.098232,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-17",
        "end": "2024-06-28",
        "tenure": "Developing",
        "return": -0.065099,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-07-05",
        "end": "2024-08-02",
        "tenure": "Developing",
        "return": 0.033582,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-08-09",
        "end": "2024-11-01",
        "tenure": "Established",
        "return": 0.177536,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-08",
        "end": "2024-12-20",
        "tenure": "Developing",
        "return": 0.062289,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-27",
        "end": "2025-12-05",
        "tenure": "Extended",
        "return": 0.464678,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-12-12",
        "end": "2026-02-06",
        "tenure": "Developing",
        "return": -0.087845,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-02-13",
        "end": "2026-02-27",
        "tenure": "New",
        "return": 0.117713,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-06",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": -0.055233,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 45.34668,
        "volume": 312103,
        "typical_volume": 399577.25,
        "trend": 46.172613,
        "fair_value": 53.598014,
        "relative_strength": 0.547727,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -33.596803,
        "energy": 13.381714,
        "activity_lines": [
          45.988801,
          46.048011,
          45.920877,
          46.092645
        ]
      },
      {
        "date": "2023-08-25",
        "close": 45.640778,
        "volume": 392203,
        "typical_volume": 402471.4,
        "trend": 46.21489,
        "fair_value": 53.504621,
        "relative_strength": 1.085046,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -33.817115,
        "energy": 18.384845,
        "activity_lines": [
          45.717369,
          46.008407,
          45.850415,
          46.058333
        ]
      },
      {
        "date": "2023-09-01",
        "close": 46.5047,
        "volume": 742895,
        "typical_volume": 419867.75,
        "trend": 46.141365,
        "fair_value": 53.409759,
        "relative_strength": 1.247911,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -26.584064,
        "energy": 13.58571,
        "activity_lines": [
          45.914048,
          46.118527,
          45.874223,
          46.07703
        ]
      },
      {
        "date": "2023-09-08",
        "close": 45.999214,
        "volume": 504498,
        "typical_volume": 417362.8,
        "trend": 46.121452,
        "fair_value": 53.326749,
        "relative_strength": 0.644789,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -31.68826,
        "energy": 14.483892,
        "activity_lines": [
          45.963677,
          46.091289,
          45.864988,
          46.067859
        ]
      },
      {
        "date": "2023-09-15",
        "close": 44.979057,
        "volume": 429977,
        "typical_volume": 416426.0,
        "trend": 46.134319,
        "fair_value": 53.212404,
        "relative_strength": -2.034711,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -40.869864,
        "energy": 21.451489,
        "activity_lines": [
          45.668965,
          45.883581,
          45.775008,
          45.994156
        ]
      },
      {
        "date": "2023-09-22",
        "close": 44.482761,
        "volume": 719493,
        "typical_volume": 429984.1,
        "trend": 46.114099,
        "fair_value": 53.10458,
        "relative_strength": -1.451406,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -53.671792,
        "energy": 31.066228,
        "activity_lines": [
          45.26519,
          45.578953,
          45.651372,
          45.887604
        ]
      },
      {
        "date": "2023-09-29",
        "close": 42.975487,
        "volume": 1402736,
        "typical_volume": 468440.85,
        "trend": 46.039348,
        "fair_value": 52.981704,
        "relative_strength": -4.025194,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -66.806826,
        "energy": 55.507939,
        "activity_lines": [
          44.416585,
          45.031189,
          45.402786,
          45.685113
        ]
      },
      {
        "date": "2023-10-06",
        "close": 44.537903,
        "volume": 475534,
        "typical_volume": 476997.35,
        "trend": 45.982979,
        "fair_value": 52.850515,
        "relative_strength": -0.180988,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.506125,
        "energy": 54.592395,
        "activity_lines": [
          44.266472,
          44.865089,
          45.324622,
          45.588246
        ]
      },
      {
        "date": "2023-10-13",
        "close": 44.868767,
        "volume": 449656,
        "typical_volume": 481058.5,
        "trend": 45.979303,
        "fair_value": 52.742471,
        "relative_strength": -0.725469,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.170095,
        "energy": 48.9074,
        "activity_lines": [
          44.357766,
          44.800755,
          45.284708,
          45.516361
        ]
      },
      {
        "date": "2023-10-20",
        "close": 44.721714,
        "volume": 433299,
        "typical_volume": 483177.45,
        "trend": 45.991557,
        "fair_value": 52.637257,
        "relative_strength": 4.577331,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -51.204001,
        "energy": 41.166751,
        "activity_lines": [
          44.475405,
          44.729068,
          45.225013,
          45.435226
        ]
      },
      {
        "date": "2023-10-27",
        "close": 44.372471,
        "volume": 1051791,
        "typical_volume": 522895.2,
        "trend": 45.889847,
        "fair_value": 52.535734,
        "relative_strength": 5.136395,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -48.841795,
        "energy": 24.305603,
        "activity_lines": [
          44.493787,
          44.613934,
          45.129693,
          45.330769
        ]
      },
      {
        "date": "2023-11-03",
        "close": 45.493732,
        "volume": 2201543,
        "typical_volume": 607859.35,
        "trend": 45.801004,
        "fair_value": 52.401508,
        "relative_strength": 3.861579,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -29.602818,
        "energy": 12.781295,
        "activity_lines": [
          44.893275,
          44.720379,
          45.140196,
          45.305213
        ]
      },
      {
        "date": "2023-11-10",
        "close": 44.721714,
        "volume": 439078,
        "typical_volume": 615751.45,
        "trend": 45.635879,
        "fair_value": 52.263412,
        "relative_strength": 2.553603,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -30.136452,
        "energy": 12.995708,
        "activity_lines": [
          44.86754,
          44.68913,
          45.075949,
          45.235582
        ]
      },
      {
        "date": "2023-11-17",
        "close": 46.734467,
        "volume": 460908,
        "typical_volume": 619562.4,
        "trend": 45.545504,
        "fair_value": 52.142531,
        "relative_strength": 3.009984,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -11.474388,
        "energy": 9.576209,
        "activity_lines": [
          45.50047,
          45.056255,
          45.199979,
          45.306458
        ]
      },
      {
        "date": "2023-11-24",
        "close": 47.148048,
        "volume": 290733,
        "typical_volume": 612204.6,
        "trend": 45.522528,
        "fair_value": 52.000481,
        "relative_strength": 2.464911,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 20.028356,
        "energy": 18.687185,
        "activity_lines": [
          46.146879,
          45.485208,
          45.36121,
          45.409848
        ]
      },
      {
        "date": "2023-12-01",
        "close": 47.908775,
        "volume": 687364,
        "typical_volume": 623088.85,
        "trend": 45.506527,
        "fair_value": 51.867701,
        "relative_strength": 2.961343,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 62.407389,
        "energy": 50.331973,
        "activity_lines": [
          46.885109,
          46.013038,
          45.582811,
          45.5638
        ]
      },
      {
        "date": "2023-12-08",
        "close": 47.861244,
        "volume": 441644,
        "typical_volume": 612667.0,
        "trend": 45.518046,
        "fair_value": 51.746698,
        "relative_strength": -0.10177,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.069314,
        "energy": 59.002759,
        "activity_lines": [
          47.371741,
          46.469936,
          45.791668,
          45.715717
        ]
      },
      {
        "date": "2023-12-15",
        "close": 47.671135,
        "volume": 834096,
        "typical_volume": 637962.1,
        "trend": 45.575309,
        "fair_value": 51.599764,
        "relative_strength": -3.565097,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.306143,
        "energy": 57.760578,
        "activity_lines": [
          47.637169,
          46.803436,
          45.984712,
          45.854626
        ]
      },
      {
        "date": "2023-12-22",
        "close": 47.433491,
        "volume": 325291,
        "typical_volume": 641765.0,
        "trend": 45.701238,
        "fair_value": 51.458995,
        "relative_strength": -3.653737,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.169158,
        "energy": 51.984201,
        "activity_lines": [
          47.626755,
          47.036761,
          46.151101,
          45.974508
        ]
      },
      {
        "date": "2023-12-29",
        "close": 49.144516,
        "volume": 177967,
        "typical_volume": 638640.45,
        "trend": 45.865208,
        "fair_value": 51.307227,
        "relative_strength": -1.095502,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.189393,
        "energy": 53.788777,
        "activity_lines": [
          48.140081,
          47.534549,
          46.473309,
          46.196655
        ]
      },
      {
        "date": "2024-01-05",
        "close": 49.809917,
        "volume": 382074,
        "typical_volume": 642139.0,
        "trend": 46.053196,
        "fair_value": 51.184986,
        "relative_strength": 2.733265,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.354941,
        "energy": 57.406699,
        "activity_lines": [
          48.742109,
          48.072905,
          46.843079,
          46.451153
        ]
      },
      {
        "date": "2024-01-12",
        "close": 51.378357,
        "volume": 1065927,
        "typical_volume": 675825.2,
        "trend": 46.257928,
        "fair_value": 51.066759,
        "relative_strength": 4.918967,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.21765,
        "energy": 72.166409,
        "activity_lines": [
          49.740208,
          48.797569,
          47.34097,
          46.794712
        ]
      },
      {
        "date": "2024-01-19",
        "close": 53.279499,
        "volume": 2092031,
        "typical_volume": 743282.0,
        "trend": 46.567083,
        "fair_value": 50.969505,
        "relative_strength": 11.289203,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.703057,
        "energy": 83.3315,
        "activity_lines": [
          51.137546,
          49.760902,
          47.992601,
          47.247716
        ]
      },
      {
        "date": "2024-01-26",
        "close": 55.418285,
        "volume": 750327,
        "typical_volume": 755573.45,
        "trend": 46.871862,
        "fair_value": 50.902436,
        "relative_strength": 11.902267,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 89.247879,
        "energy": 94.389524,
        "activity_lines": [
          52.873923,
          50.95751,
          48.815665,
          47.818761
        ]
      },
      {
        "date": "2024-02-02",
        "close": 52.519043,
        "volume": 813759,
        "typical_volume": 774762.55,
        "trend": 47.135449,
        "fair_value": 50.775046,
        "relative_strength": 6.055121,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.256229,
        "energy": 85.596732,
        "activity_lines": [
          53.111566,
          51.469095,
          49.317758,
          48.183096
        ]
      },
      {
        "date": "2024-02-09",
        "close": 50.665428,
        "volume": 539890,
        "typical_volume": 765782.4,
        "trend": 47.284862,
        "fair_value": 50.644011,
        "relative_strength": 2.950728,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.507611,
        "energy": 74.944066,
        "activity_lines": [
          52.506368,
          51.546004,
          49.607412,
          48.410836
        ]
      },
      {
        "date": "2024-02-16",
        "close": 46.330826,
        "volume": 5570601,
        "typical_volume": 974175.65,
        "trend": 47.217795,
        "fair_value": 50.483542,
        "relative_strength": -8.015116,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 26.633092,
        "energy": 24.591701,
        "activity_lines": [
          50.399269,
          50.784683,
          49.454805,
          48.349285
        ]
      },
      {
        "date": "2024-02-23",
        "close": 45.532349,
        "volume": 3287943,
        "typical_volume": 1114796.1,
        "trend": 47.174661,
        "fair_value": 50.311365,
        "relative_strength": -10.441849,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 5.941552,
        "energy": 17.629994,
        "activity_lines": [
          48.362514,
          49.90601,
          49.210175,
          48.240547
        ]
      },
      {
        "date": "2024-03-01",
        "close": 44.828922,
        "volume": 1667993,
        "typical_volume": 1175712.95,
        "trend": 47.137796,
        "fair_value": 50.142368,
        "relative_strength": -12.60847,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -20.023123,
        "energy": 32.373354,
        "activity_lines": [
          46.607759,
          48.938328,
          48.893816,
          48.089209
        ]
      },
      {
        "date": "2024-03-08",
        "close": 44.88596,
        "volume": 973409,
        "typical_volume": 1202718.45,
        "trend": 47.106508,
        "fair_value": 49.973736,
        "relative_strength": -13.17513,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -28.889207,
        "energy": 40.048728,
        "activity_lines": [
          45.577974,
          48.028373,
          48.583079,
          47.943929
        ]
      },
      {
        "date": "2024-03-15",
        "close": 45.019039,
        "volume": 1346353,
        "typical_volume": 1217446.55,
        "trend": 47.095587,
        "fair_value": 49.814194,
        "relative_strength": -14.196446,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -26.672224,
        "energy": 48.307588,
        "activity_lines": [
          45.101422,
          47.220042,
          48.284234,
          47.809254
        ]
      },
      {
        "date": "2024-03-22",
        "close": 45.57037,
        "volume": 1090502,
        "typical_volume": 1161894.5,
        "trend": 47.09324,
        "fair_value": 49.646105,
        "relative_strength": -12.906397,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -24.980073,
        "energy": 49.900211,
        "activity_lines": [
          45.185072,
          46.59906,
          48.034818,
          47.710853
        ]
      },
      {
        "date": "2024-03-29",
        "close": 46.140713,
        "volume": 475077,
        "typical_volume": 1163694.45,
        "trend": 47.081107,
        "fair_value": 49.47618,
        "relative_strength": -11.00464,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -21.628914,
        "energy": 31.436868,
        "activity_lines": [
          45.509534,
          46.187377,
          47.839356,
          47.649399
        ]
      },
      {
        "date": "2024-04-05",
        "close": 46.530445,
        "volume": 1518192,
        "typical_volume": 1216558.65,
        "trend": 47.098815,
        "fair_value": 49.295574,
        "relative_strength": -9.477153,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -16.550637,
        "energy": 18.617993,
        "activity_lines": [
          45.923348,
          45.97635,
          47.674253,
          47.613873
        ]
      },
      {
        "date": "2024-04-12",
        "close": 45.722458,
        "volume": 578181,
        "typical_volume": 1230931.05,
        "trend": 47.123595,
        "fair_value": 49.097157,
        "relative_strength": -10.805355,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -15.515512,
        "energy": 15.488188,
        "activity_lines": [
          45.954399,
          45.780013,
          47.433172,
          47.525076
        ]
      },
      {
        "date": "2024-04-19",
        "close": 46.055161,
        "volume": 1601544,
        "typical_volume": 1276640.05,
        "trend": 47.176008,
        "fair_value": 48.893733,
        "relative_strength": -9.673478,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -12.532786,
        "energy": 12.916555,
        "activity_lines": [
          46.040585,
          45.767742,
          47.230564,
          47.456144
        ]
      },
      {
        "date": "2024-04-26",
        "close": 48.38406,
        "volume": 999795,
        "typical_volume": 1304547.6,
        "trend": 47.356294,
        "fair_value": 48.720066,
        "relative_strength": -6.98098,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 3.035505,
        "energy": 7.202983,
        "activity_lines": [
          46.833995,
          46.262731,
          47.258583,
          47.534083
        ]
      },
      {
        "date": "2024-05-03",
        "close": 52.661629,
        "volume": 849864,
        "typical_volume": 1305336.0,
        "trend": 47.627085,
        "fair_value": 48.589196,
        "relative_strength": 2.028478,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 33.263741,
        "energy": 27.576564,
        "activity_lines": [
          48.865682,
          47.498127,
          47.691501,
          47.876363
        ]
      },
      {
        "date": "2024-05-10",
        "close": 53.136913,
        "volume": 435590,
        "typical_volume": 1310850.95,
        "trend": 47.902689,
        "fair_value": 48.489381,
        "relative_strength": -0.392901,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 65.59651,
        "energy": 59.875195,
        "activity_lines": [
          50.621069,
          48.690316,
          48.145919,
          48.231836
        ]
      },
      {
        "date": "2024-05-17",
        "close": 52.56657,
        "volume": 464568,
        "typical_volume": 1325181.0,
        "trend": 48.164185,
        "fair_value": 48.382614,
        "relative_strength": -0.501247,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.113832,
        "energy": 75.557199,
        "activity_lines": [
          51.745911,
          49.627751,
          48.518859,
          48.532731
        ]
      },
      {
        "date": "2024-05-24",
        "close": 52.376453,
        "volume": 515045,
        "typical_volume": 1331829.55,
        "trend": 48.430984,
        "fair_value": 48.282317,
        "relative_strength": -1.772679,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.386042,
        "energy": 82.789859,
        "activity_lines": [
          52.351107,
          50.390973,
          48.857398,
          48.804491
        ]
      },
      {
        "date": "2024-05-31",
        "close": 53.612202,
        "volume": 765921,
        "typical_volume": 1316829.25,
        "trend": 48.7016,
        "fair_value": 48.178959,
        "relative_strength": 1.208322,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.004396,
        "energy": 85.860145,
        "activity_lines": [
          52.946799,
          51.245104,
          49.301405,
          49.138763
        ]
      },
      {
        "date": "2024-06-07",
        "close": 52.946804,
        "volume": 270025,
        "typical_volume": 1225728.95,
        "trend": 48.975769,
        "fair_value": 48.086711,
        "relative_strength": -0.883383,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.781722,
        "energy": 77.387581,
        "activity_lines": [
          52.972149,
          51.83204,
          49.671404,
          49.412647
        ]
      },
      {
        "date": "2024-06-14",
        "close": 50.665428,
        "volume": 251652,
        "typical_volume": 1200795.2,
        "trend": 49.106801,
        "fair_value": 47.994118,
        "relative_strength": -2.886634,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.804723,
        "energy": 46.834569,
        "activity_lines": [
          52.218029,
          51.880432,
          49.825713,
          49.521657
        ]
      },
      {
        "date": "2024-06-21",
        "close": 50.190144,
        "volume": 386111,
        "typical_volume": 1179412.8,
        "trend": 49.208205,
        "fair_value": 47.898479,
        "relative_strength": -4.235822,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 45.370581,
        "energy": 31.568213,
        "activity_lines": [
          51.470247,
          51.767228,
          49.95739,
          49.59155
        ]
      },
      {
        "date": "2024-06-28",
        "close": 49.144516,
        "volume": 293059,
        "typical_volume": 1167071.25,
        "trend": 49.249396,
        "fair_value": 47.764284,
        "relative_strength": -5.992745,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 29.974529,
        "energy": 20.506694,
        "activity_lines": [
          50.53235,
          51.382679,
          50.000573,
          49.587441
        ]
      },
      {
        "date": "2024-07-05",
        "close": 50.9506,
        "volume": 211537,
        "typical_volume": 899118.05,
        "trend": 49.352374,
        "fair_value": 47.638921,
        "relative_strength": -2.051747,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 29.875042,
        "energy": 23.594063,
        "activity_lines": [
          50.411944,
          51.270338,
          50.223007,
          49.697196
        ]
      },
      {
        "date": "2024-07-12",
        "close": 49.429688,
        "volume": 293254,
        "typical_volume": 749383.6,
        "trend": 49.410993,
        "fair_value": 47.510948,
        "relative_strength": -7.498267,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 20.675011,
        "energy": 19.670879,
        "activity_lines": [
          49.962007,
          50.834804,
          50.278592,
          49.702184
        ]
      },
      {
        "date": "2024-07-19",
        "close": 50.285202,
        "volume": 392039,
        "typical_volume": 685585.9,
        "trend": 49.50605,
        "fair_value": 47.37473,
        "relative_strength": -3.505931,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 23.284644,
        "energy": 16.87634,
        "activity_lines": [
          50.031716,
          50.61358,
          50.397097,
          49.758585
        ]
      },
      {
        "date": "2024-07-26",
        "close": 52.281403,
        "volume": 465932,
        "typical_volume": 660212.05,
        "trend": 49.610613,
        "fair_value": 47.251308,
        "relative_strength": 0.056413,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 43.115287,
        "energy": 20.192089,
        "activity_lines": [
          50.792174,
          50.807152,
          50.679734,
          49.93764
        ]
      },
      {
        "date": "2024-08-02",
        "close": 52.661629,
        "volume": 383943,
        "typical_volume": 612091.55,
        "trend": 49.70567,
        "fair_value": 47.154487,
        "relative_strength": 5.293638,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 56.266801,
        "energy": 31.944935,
        "activity_lines": [
          51.539956,
          51.07504,
          50.963366,
          50.13448
        ]
      },
      {
        "date": "2024-08-09",
        "close": 52.471516,
        "volume": 428067,
        "typical_volume": 578969.8,
        "trend": 49.742109,
        "fair_value": 47.05425,
        "relative_strength": 5.218004,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.706764,
        "energy": 47.108166,
        "activity_lines": [
          51.989893,
          51.303177,
          51.192499,
          50.312921
        ]
      },
      {
        "date": "2024-08-16",
        "close": 54.847942,
        "volume": 1272742,
        "typical_volume": 618853.05,
        "trend": 49.79439,
        "fair_value": 46.984624,
        "relative_strength": 6.696177,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.050438,
        "energy": 68.563787,
        "activity_lines": [
          53.130578,
          51.984132,
          51.615096,
          50.64233
        ]
      },
      {
        "date": "2024-08-23",
        "close": 56.083683,
        "volume": 564647,
        "typical_volume": 571175.8,
        "trend": 49.81657,
        "fair_value": 46.903149,
        "relative_strength": 7.915468,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.295262,
        "energy": 77.480241,
        "activity_lines": [
          54.321959,
          52.8552,
          52.113919,
          51.048091
        ]
      },
      {
        "date": "2024-08-30",
        "close": 62.452507,
        "volume": 2056200,
        "typical_volume": 645076.75,
        "trend": 50.147685,
        "fair_value": 46.887762,
        "relative_strength": 18.160125,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 94.529558,
        "energy": 91.758154,
        "activity_lines": [
          57.249717,
          54.785723,
          53.173805,
          51.863313
        ]
      },
      {
        "date": "2024-09-06",
        "close": 63.02285,
        "volume": 844734,
        "typical_volume": 607236.25,
        "trend": 50.559599,
        "fair_value": 46.897448,
        "relative_strength": 24.264066,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 90.815004,
        "energy": 95.668312,
        "activity_lines": [
          59.689515,
          56.596992,
          54.208343,
          52.693968
        ]
      },
      {
        "date": "2024-09-13",
        "close": 63.973427,
        "volume": 557147,
        "typical_volume": 585103.85,
        "trend": 51.147686,
        "fair_value": 46.930802,
        "relative_strength": 23.368723,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 86.230536,
        "energy": 94.646571,
        "activity_lines": [
          61.755424,
          58.32876,
          55.252614,
          53.559377
        ]
      },
      {
        "date": "2024-09-20",
        "close": 64.923996,
        "volume": 482763,
        "typical_volume": 566748.8,
        "trend": 51.794074,
        "fair_value": 47.026814,
        "relative_strength": 22.052126,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.416186,
        "energy": 93.547941,
        "activity_lines": [
          63.371396,
          59.99658,
          56.313179,
          54.448171
        ]
      },
      {
        "date": "2024-09-27",
        "close": 64.353645,
        "volume": 517622,
        "typical_volume": 570850.4,
        "trend": 52.444898,
        "fair_value": 47.10544,
        "relative_strength": 17.728236,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.701369,
        "energy": 89.469858,
        "activity_lines": [
          64.125513,
          61.278986,
          57.261034,
          55.258466
        ]
      },
      {
        "date": "2024-10-04",
        "close": 64.068481,
        "volume": 496426,
        "typical_volume": 572443.3,
        "trend": 53.084316,
        "fair_value": 47.198164,
        "relative_strength": 18.379385,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.108234,
        "energy": 85.4502,
        "activity_lines": [
          64.233245,
          62.253753,
          58.128317,
          56.008374
        ]
      },
      {
        "date": "2024-10-11",
        "close": 62.262394,
        "volume": 407347,
        "typical_volume": 567058.4,
        "trend": 53.659094,
        "fair_value": 47.28645,
        "relative_strength": 15.332358,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.829397,
        "energy": 65.240658,
        "activity_lines": [
          63.631217,
          62.685831,
          58.76882,
          56.600508
        ]
      },
      {
        "date": "2024-10-18",
        "close": 63.688248,
        "volume": 376409,
        "typical_volume": 547582.8,
        "trend": 54.263024,
        "fair_value": 47.380581,
        "relative_strength": 17.392413,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.572231,
        "energy": 62.349921,
        "activity_lines": [
          63.55517,
          63.202595,
          59.498044,
          57.24755
        ]
      },
      {
        "date": "2024-10-25",
        "close": 61.787109,
        "volume": 638205,
        "typical_volume": 565991.8,
        "trend": 54.78457,
        "fair_value": 47.438911,
        "relative_strength": 13.748227,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 50.839798,
        "energy": 47.863941,
        "activity_lines": [
          62.864422,
          63.169757,
          59.998225,
          57.732975
        ]
      },
      {
        "date": "2024-11-01",
        "close": 61.787109,
        "volume": 384472,
        "typical_volume": 572632.8,
        "trend": 55.293126,
        "fair_value": 47.499987,
        "relative_strength": 15.015275,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 46.549173,
        "energy": 39.792336,
        "activity_lines": [
          62.3828,
          63.010753,
          60.45631,
          58.184752
        ]
      },
      {
        "date": "2024-11-08",
        "close": 62.167339,
        "volume": 496137,
        "typical_volume": 578134.1,
        "trend": 55.841288,
        "fair_value": 47.568992,
        "relative_strength": 15.321268,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 43.828705,
        "energy": 35.910639,
        "activity_lines": [
          62.199023,
          62.817182,
          60.897646,
          58.62825
        ]
      },
      {
        "date": "2024-11-15",
        "close": 59.125511,
        "volume": 306344,
        "typical_volume": 578798.35,
        "trend": 56.276967,
        "fair_value": 47.627834,
        "relative_strength": 11.574429,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.836211,
        "energy": 24.310537,
        "activity_lines": [
          61.128047,
          62.075737,
          60.992251,
          58.840135
        ]
      },
      {
        "date": "2024-11-22",
        "close": 58.745281,
        "volume": 377430,
        "typical_volume": 587093.0,
        "trend": 56.622341,
        "fair_value": 47.701263,
        "relative_strength": 10.452552,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.489306,
        "energy": 22.492556,
        "activity_lines": [
          60.139453,
          61.33602,
          61.003114,
          58.999381
        ]
      },
      {
        "date": "2024-11-29",
        "close": 58.310574,
        "volume": 555287,
        "typical_volume": 600194.65,
        "trend": 56.810639,
        "fair_value": 47.774971,
        "relative_strength": 9.456581,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 2.079449,
        "energy": 18.378163,
        "activity_lines": [
          59.335488,
          60.612322,
          60.93546,
          59.108299
        ]
      },
      {
        "date": "2024-12-06",
        "close": 61.24567,
        "volume": 1829078,
        "typical_volume": 672046.6,
        "trend": 57.080931,
        "fair_value": 47.866926,
        "relative_strength": 10.276313,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 12.308188,
        "energy": 20.313609,
        "activity_lines": [
          59.741657,
          60.542522,
          61.105048,
          59.39443
        ]
      },
      {
        "date": "2024-12-13",
        "close": 64.669952,
        "volume": 1456252,
        "typical_volume": 721562.6,
        "trend": 57.484377,
        "fair_value": 47.979698,
        "relative_strength": 18.509726,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 52.968737,
        "energy": 26.146697,
        "activity_lines": [
          61.325349,
          61.151828,
          61.548566,
          59.884045
        ]
      },
      {
        "date": "2024-12-20",
        "close": 66.039665,
        "volume": 1030461,
        "typical_volume": 753888.5,
        "trend": 57.939817,
        "fair_value": 48.091606,
        "relative_strength": 24.261153,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 62.827126,
        "energy": 50.918794,
        "activity_lines": [
          63.198771,
          61.999236,
          62.063539,
          60.435999
        ]
      },
      {
        "date": "2024-12-27",
        "close": 66.431007,
        "volume": 136378,
        "typical_volume": 739304.05,
        "trend": 58.367111,
        "fair_value": 48.202619,
        "relative_strength": 23.533336,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.730377,
        "energy": 73.911342,
        "activity_lines": [
          64.741698,
          62.84912,
          62.552079,
          60.983818
        ]
      },
      {
        "date": "2025-01-03",
        "close": 65.746147,
        "volume": 137024,
        "typical_volume": 682518.15,
        "trend": 58.793755,
        "fair_value": 48.314348,
        "relative_strength": 20.702482,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.39491,
        "energy": 75.23019,
        "activity_lines": [
          65.543955,
          63.524615,
          62.908919,
          61.459884
        ]
      },
      {
        "date": "2025-01-10",
        "close": 66.137497,
        "volume": 1412843,
        "typical_volume": 724927.95,
        "trend": 59.309491,
        "fair_value": 48.437661,
        "relative_strength": 20.359303,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.784127,
        "energy": 75.797643,
        "activity_lines": [
          65.980958,
          64.199283,
          63.251135,
          61.933674
        ]
      },
      {
        "date": "2025-01-17",
        "close": 65.648315,
        "volume": 330488,
        "typical_volume": 638642.35,
        "trend": 59.824763,
        "fair_value": 48.560675,
        "relative_strength": 15.000582,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.051024,
        "energy": 65.118824,
        "activity_lines": [
          65.928779,
          64.70591,
          63.498887,
          62.342631
        ]
      },
      {
        "date": "2025-01-24",
        "close": 65.256966,
        "volume": 268365,
        "typical_volume": 609823.9,
        "trend": 60.361845,
        "fair_value": 48.676075,
        "relative_strength": 11.969956,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.036243,
        "energy": 46.863327,
        "activity_lines": [
          65.680925,
          65.078093,
          63.694149,
          62.693095
        ]
      },
      {
        "date": "2025-01-31",
        "close": 66.920189,
        "volume": 369636,
        "typical_volume": 600448.35,
        "trend": 60.894165,
        "fair_value": 48.798733,
        "relative_strength": 14.498539,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.429653,
        "energy": 46.043717,
        "activity_lines": [
          66.03966,
          65.641199,
          64.037175,
          63.116214
        ]
      },
      {
        "date": "2025-02-07",
        "close": 69.757454,
        "volume": 775318,
        "typical_volume": 615076.1,
        "trend": 61.571757,
        "fair_value": 48.945251,
        "relative_strength": 20.228295,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.072394,
        "energy": 50.944871,
        "activity_lines": [
          67.311537,
          66.571536,
          64.636385,
          63.688039
        ]
      },
      {
        "date": "2025-02-14",
        "close": 75.040619,
        "volume": 3129340,
        "typical_volume": 745662.0,
        "trend": 62.396937,
        "fair_value": 49.147475,
        "relative_strength": 24.742372,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 88.344722,
        "energy": 76.450155,
        "activity_lines": [
          70.077048,
          68.254324,
          65.715736,
          64.556998
        ]
      },
      {
        "date": "2025-02-21",
        "close": 72.986053,
        "volume": 428307,
        "typical_volume": 742256.05,
        "trend": 63.087093,
        "fair_value": 49.319794,
        "relative_strength": 20.158339,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.33874,
        "energy": 81.147879,
        "activity_lines": [
          71.564163,
          69.312737,
          66.548525,
          65.240167
        ]
      },
      {
        "date": "2025-02-28",
        "close": 76.703842,
        "volume": 1645619,
        "typical_volume": 804169.65,
        "trend": 63.8885,
        "fair_value": 49.526724,
        "relative_strength": 25.185458,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.869241,
        "energy": 90.089353,
        "activity_lines": [
          73.801358,
          70.89591,
          67.692923,
          66.118667
        ]
      },
      {
        "date": "2025-03-07",
        "close": 75.627647,
        "volume": 828823,
        "typical_volume": 826790.35,
        "trend": 64.660371,
        "fair_value": 49.706333,
        "relative_strength": 22.214704,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.392273,
        "energy": 87.97952,
        "activity_lines": [
          74.916697,
          72.089517,
          68.666059,
          66.876031
        ]
      },
      {
        "date": "2025-03-14",
        "close": 76.116829,
        "volume": 1096502,
        "typical_volume": 849705.2,
        "trend": 65.369334,
        "fair_value": 49.881137,
        "relative_strength": 24.036716,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.418382,
        "energy": 82.362217,
        "activity_lines": [
          75.614599,
          73.204854,
          69.628928,
          67.615158
        ]
      },
      {
        "date": "2025-03-21",
        "close": 78.269226,
        "volume": 1252699,
        "typical_volume": 893116.55,
        "trend": 66.108852,
        "fair_value": 50.10037,
        "relative_strength": 28.839564,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.926682,
        "energy": 78.474729,
        "activity_lines": [
          76.606008,
          74.522979,
          70.728551,
          68.447409
        ]
      },
      {
        "date": "2025-03-28",
        "close": 78.464897,
        "volume": 403543,
        "typical_volume": 888486.85,
        "trend": 66.642598,
        "fair_value": 50.303556,
        "relative_strength": 32.185952,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.746177,
        "energy": 66.533794,
        "activity_lines": [
          77.447401,
          75.656103,
          71.768324,
          69.244573
        ]
      },
      {
        "date": "2025-04-04",
        "close": 75.334129,
        "volume": 2399533,
        "typical_volume": 993146.3,
        "trend": 67.052974,
        "fair_value": 50.469655,
        "relative_strength": 39.435287,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.207594,
        "energy": 55.101179,
        "activity_lines": [
          76.879948,
          75.986968,
          72.43232,
          69.805317
        ]
      },
      {
        "date": "2025-04-11",
        "close": 72.790382,
        "volume": 1835869,
        "typical_volume": 1066068.25,
        "trend": 67.346872,
        "fair_value": 50.616896,
        "relative_strength": 33.802638,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 49.443127,
        "energy": 39.527639,
        "activity_lines": [
          75.555893,
          75.672112,
          72.776871,
          70.175472
        ]
      },
      {
        "date": "2025-04-18",
        "close": 77.388702,
        "volume": 535195,
        "typical_volume": 1065063.65,
        "trend": 67.762363,
        "fair_value": 50.792195,
        "relative_strength": 35.964516,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 53.659345,
        "energy": 37.09854,
        "activity_lines": [
          75.953763,
          76.086584,
          73.492476,
          70.823332
        ]
      },
      {
        "date": "2025-04-25",
        "close": 81.889175,
        "volume": 403928,
        "typical_volume": 993806.15,
        "trend": 68.34688,
        "fair_value": 51.000881,
        "relative_strength": 38.011117,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.076033,
        "energy": 45.946568,
        "activity_lines": [
          77.766999,
          77.180573,
          74.545848,
          71.734739
        ]
      },
      {
        "date": "2025-05-02",
        "close": 79.83461,
        "volume": 813157,
        "typical_volume": 961651.4,
        "trend": 68.872418,
        "fair_value": 51.232985,
        "relative_strength": 31.397042,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.923878,
        "energy": 43.662464,
        "activity_lines": [
          78.65405,
          77.776486,
          75.305246,
          72.475883
        ]
      },
      {
        "date": "2025-05-09",
        "close": 77.975716,
        "volume": 1310366,
        "typical_volume": 975646.65,
        "trend": 69.396195,
        "fair_value": 51.45703,
        "relative_strength": 27.890426,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.093754,
        "energy": 43.550263,
        "activity_lines": [
          78.830155,
          77.909899,
          75.815394,
          73.063193
        ]
      },
      {
        "date": "2025-05-16",
        "close": 80.715141,
        "volume": 891433,
        "typical_volume": 1013399.4,
        "trend": 69.963758,
        "fair_value": 51.701812,
        "relative_strength": 26.311722,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.929395,
        "energy": 51.743301,
        "activity_lines": [
          79.743297,
          78.518265,
          76.5296,
          73.793447
        ]
      },
      {
        "date": "2025-05-23",
        "close": 80.22596,
        "volume": 598155,
        "typical_volume": 1036455.95,
        "trend": 70.578387,
        "fair_value": 51.938012,
        "relative_strength": 27.599775,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.891123,
        "energy": 42.614613,
        "activity_lines": [
          79.96506,
          78.945188,
          77.129199,
          74.455525
        ]
      },
      {
        "date": "2025-05-30",
        "close": 79.051926,
        "volume": 664467,
        "typical_volume": 999037.15,
        "trend": 71.153881,
        "fair_value": 52.160845,
        "relative_strength": 23.86118,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.469107,
        "energy": 37.684225,
        "activity_lines": [
          79.606329,
          79.08394,
          77.548033,
          75.002205
        ]
      },
      {
        "date": "2025-06-06",
        "close": 82.182693,
        "volume": 2613987,
        "typical_volume": 1113212.1,
        "trend": 71.821059,
        "fair_value": 52.410383,
        "relative_strength": 26.287041,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.340797,
        "energy": 42.628976,
        "activity_lines": [
          80.480336,
          79.77769,
          78.203538,
          75.713741
        ]
      },
      {
        "date": "2025-06-13",
        "close": 79.736778,
        "volume": 573248,
        "typical_volume": 1128456.25,
        "trend": 72.508101,
        "fair_value": 52.658196,
        "relative_strength": 24.440107,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 53.322541,
        "energy": 35.661271,
        "activity_lines": [
          80.3825,
          79.959133,
          78.547364,
          76.224433
        ]
      },
      {
        "date": "2025-06-20",
        "close": 78.269226,
        "volume": 478909,
        "typical_volume": 1133919.9,
        "trend": 73.1589,
        "fair_value": 52.905451,
        "relative_strength": 21.651232,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 41.225546,
        "energy": 26.746068,
        "activity_lines": [
          79.678076,
          79.7937,
          78.682471,
          76.596118
        ]
      },
      {
        "date": "2025-06-27",
        "close": 80.030289,
        "volume": 462388,
        "typical_volume": 1118273.4,
        "trend": 73.88289,
        "fair_value": 53.156962,
        "relative_strength": 20.331362,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 41.299882,
        "energy": 26.117816,
        "activity_lines": [
          79.723733,
          79.848845,
          78.931256,
          77.039434
        ]
      },
      {
        "date": "2025-07-04",
        "close": 83.063217,
        "volume": 672708,
        "typical_volume": 995441.8,
        "trend": 74.610142,
        "fair_value": 53.437557,
        "relative_strength": 23.401315,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.965741,
        "energy": 33.382579,
        "activity_lines": [
          80.793411,
          80.407402,
          79.419972,
          77.631713
        ]
      },
      {
        "date": "2025-07-11",
        "close": 85.900482,
        "volume": 879159,
        "typical_volume": 1017984.4,
        "trend": 75.317826,
        "fair_value": 53.731462,
        "relative_strength": 24.64709,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.591427,
        "energy": 49.479158,
        "activity_lines": [
          82.541425,
          81.46048,
          80.140702,
          78.360122
        ]
      },
      {
        "date": "2025-07-18",
        "close": 87.368027,
        "volume": 590820,
        "typical_volume": 965244.45,
        "trend": 76.028771,
        "fair_value": 54.013558,
        "relative_strength": 25.381485,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.488902,
        "energy": 72.259311,
        "activity_lines": [
          84.530768,
          82.670095,
          80.9397,
          79.137554
        ]
      },
      {
        "date": "2025-07-25",
        "close": 88.24855,
        "volume": 527768,
        "typical_volume": 950191.7,
        "trend": 76.756023,
        "fair_value": 54.29506,
        "relative_strength": 22.577664,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.282267,
        "energy": 81.333437,
        "activity_lines": [
          86.304868,
          83.869036,
          81.771776,
          79.925927
        ]
      },
      {
        "date": "2025-08-01",
        "close": 87.368027,
        "volume": 477237,
        "typical_volume": 919228.45,
        "trend": 77.476752,
        "fair_value": 54.582148,
        "relative_strength": 23.70681,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.917109,
        "energy": 81.19747,
        "activity_lines": [
          87.120173,
          84.770911,
          82.459893,
          80.610572
        ]
      },
      {
        "date": "2025-08-08",
        "close": 84.237259,
        "volume": 317631,
        "typical_volume": 872475.05,
        "trend": 78.080078,
        "fair_value": 54.836234,
        "relative_strength": 15.218356,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.750938,
        "energy": 73.713244,
        "activity_lines": [
          86.402706,
          84.9737,
          82.796265,
          81.046734
        ]
      },
      {
        "date": "2025-08-15",
        "close": 85.606972,
        "volume": 671885,
        "typical_volume": 885892.15,
        "trend": 78.745366,
        "fair_value": 55.10205,
        "relative_strength": 14.574746,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.006286,
        "energy": 51.816004,
        "activity_lines": [
          86.06354,
          85.331248,
          83.234666,
          81.53234
        ]
      },
      {
        "date": "2025-08-22",
        "close": 90.498795,
        "volume": 1234501,
        "typical_volume": 827640.55,
        "trend": 79.58676,
        "fair_value": 55.413405,
        "relative_strength": 17.989563,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.706667,
        "energy": 56.285982,
        "activity_lines": [
          87.37455,
          86.51596,
          84.104945,
          82.290626
        ]
      },
      {
        "date": "2025-08-29",
        "close": 90.694466,
        "volume": 792718,
        "typical_volume": 775483.0,
        "trend": 80.379236,
        "fair_value": 55.728624,
        "relative_strength": 20.260957,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.050308,
        "energy": 55.838808,
        "activity_lines": [
          88.542065,
          87.540574,
          84.921647,
          83.007252
        ]
      },
      {
        "date": "2025-09-05",
        "close": 94.705772,
        "volume": 1185430,
        "typical_volume": 807994.75,
        "trend": 81.210847,
        "fair_value": 56.067855,
        "relative_strength": 24.645434,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.448534,
        "energy": 77.086858,
        "activity_lines": [
          90.883621,
          89.068604,
          86.035121,
          83.931545
        ]
      },
      {
        "date": "2025-09-12",
        "close": 96.368988,
        "volume": 486211,
        "typical_volume": 812108.9,
        "trend": 81.921793,
        "fair_value": 56.38496,
        "relative_strength": 25.479551,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.208482,
        "energy": 90.893259,
        "activity_lines": [
          93.290399,
          90.63221,
          87.224534,
          84.909489
        ]
      },
      {
        "date": "2025-09-19",
        "close": 98.814903,
        "volume": 718923,
        "typical_volume": 807397.2,
        "trend": 82.782754,
        "fair_value": 56.733343,
        "relative_strength": 27.10563,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.428695,
        "energy": 93.338071,
        "activity_lines": [
          95.703701,
          92.398604,
          88.577939,
          85.999367
        ]
      },
      {
        "date": "2025-09-26",
        "close": 96.46682,
        "volume": 555753,
        "typical_volume": 769666.55,
        "trend": 83.44152,
        "fair_value": 57.077736,
        "relative_strength": 23.193373,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.001117,
        "energy": 86.756613,
        "activity_lines": [
          96.453779,
          93.503267,
          89.617335,
          86.88221
        ]
      },
      {
        "date": "2025-10-03",
        "close": 94.705772,
        "volume": 643535,
        "typical_volume": 757271.65,
        "trend": 84.077458,
        "fair_value": 57.404033,
        "relative_strength": 16.442447,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.072188,
        "energy": 80.95616,
        "activity_lines": [
          96.218973,
          94.122306,
          90.40096,
          87.608936
        ]
      },
      {
        "date": "2025-10-10",
        "close": 94.901443,
        "volume": 458527,
        "typical_volume": 750290.25,
        "trend": 84.703611,
        "fair_value": 57.72024,
        "relative_strength": 16.779435,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.488687,
        "energy": 60.677345,
        "activity_lines": [
          95.78197,
          94.659518,
          91.136598,
          88.307258
        ]
      },
      {
        "date": "2025-10-17",
        "close": 99.206245,
        "volume": 1307697,
        "typical_volume": 782451.75,
        "trend": 85.401512,
        "fair_value": 58.058085,
        "relative_strength": 21.405293,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.351668,
        "energy": 62.083526,
        "activity_lines": [
          96.766857,
          95.84245,
          92.212333,
          89.242912
        ]
      },
      {
        "date": "2025-10-24",
        "close": 104.098076,
        "volume": 2006317,
        "typical_volume": 752068.25,
        "trend": 86.255951,
        "fair_value": 58.456842,
        "relative_strength": 22.431752,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.857554,
        "energy": 67.338779,
        "activity_lines": [
          99.193204,
          97.642643,
          93.657985,
          90.449142
        ]
      },
      {
        "date": "2025-10-31",
        "close": 102.728363,
        "volume": 1533686,
        "typical_volume": 800090.15,
        "trend": 87.169093,
        "fair_value": 58.844322,
        "relative_strength": 20.699942,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.236252,
        "energy": 66.358929,
        "activity_lines": [
          100.810767,
          98.857594,
          94.868828,
          91.511878
        ]
      },
      {
        "date": "2025-11-07",
        "close": 101.75,
        "volume": 1596145,
        "typical_volume": 855951.95,
        "trend": 88.134413,
        "fair_value": 59.22417,
        "relative_strength": 20.065071,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.7232,
        "energy": 59.777259,
        "activity_lines": [
          101.684774,
          99.672306,
          95.877011,
          92.452582
        ]
      },
      {
        "date": "2025-11-14",
        "close": 97.543022,
        "volume": 625858,
        "typical_volume": 864125.45,
        "trend": 88.806224,
        "fair_value": 59.577844,
        "relative_strength": 13.267968,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.183065,
        "energy": 52.712819,
        "activity_lines": [
          100.68684,
          99.521103,
          96.372715,
          93.059589
        ]
      },
      {
        "date": "2025-11-21",
        "close": 99.401917,
        "volume": 2108814,
        "typical_volume": 935930.75,
        "trend": 89.389982,
        "fair_value": 59.93277,
        "relative_strength": 16.927965,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.845034,
        "energy": 44.259344,
        "activity_lines": [
          100.132432,
          99.656295,
          96.962064,
          93.743182
        ]
      },
      {
        "date": "2025-11-28",
        "close": 103.0,
        "volume": 2449977,
        "typical_volume": 1014471.65,
        "trend": 90.162161,
        "fair_value": 60.329797,
        "relative_strength": 16.340673,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.241074,
        "energy": 44.079959,
        "activity_lines": [
          100.76434,
          100.390539,
          97.816283,
          94.621247
        ]
      },
      {
        "date": "2025-12-05",
        "close": 97.300003,
        "volume": 1456672,
        "typical_volume": 1057764.25,
        "trend": 90.806304,
        "fair_value": 60.697355,
        "relative_strength": 7.674949,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 42.268098,
        "energy": 27.301719,
        "activity_lines": [
          99.569454,
          100.012328,
          98.04622,
          95.081753
        ]
      },
      {
        "date": "2025-12-12",
        "close": 97.900002,
        "volume": 1556148,
        "typical_volume": 1109183.25,
        "trend": 91.379133,
        "fair_value": 61.063692,
        "relative_strength": 7.94362,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.102555,
        "energy": 24.797732,
        "activity_lines": [
          98.936459,
          99.728058,
          98.286004,
          95.539411
        ]
      },
      {
        "date": "2025-12-19",
        "close": 96.400002,
        "volume": 653259,
        "typical_volume": 1117984.35,
        "trend": 91.918268,
        "fair_value": 61.41688,
        "relative_strength": 5.076645,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.881599,
        "energy": 18.625388,
        "activity_lines": [
          98.06013,
          99.112985,
          98.336971,
          95.863338
        ]
      },
      {
        "date": "2025-12-26",
        "close": 97.5,
        "volume": 278382,
        "typical_volume": 1116021.9,
        "trend": 92.533204,
        "fair_value": 61.778886,
        "relative_strength": 5.509866,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 29.324021,
        "energy": 18.381996,
        "activity_lines": [
          97.626668,
          98.670664,
          98.449691,
          96.22345
        ]
      },
      {
        "date": "2026-01-02",
        "close": 98.699997,
        "volume": 362825,
        "typical_volume": 1100568.9,
        "trend": 93.08378,
        "fair_value": 62.133502,
        "relative_strength": 5.115031,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 21.867571,
        "energy": 12.986626,
        "activity_lines": [
          97.72,
          98.477548,
          98.613541,
          96.621308
        ]
      },
      {
        "date": "2026-01-09",
        "close": 100.199997,
        "volume": 973654,
        "typical_volume": 1087526.55,
        "trend": 93.765888,
        "fair_value": 62.500208,
        "relative_strength": 2.90732,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 29.430738,
        "energy": 14.261225,
        "activity_lines": [
          98.599999,
          98.655305,
          98.857899,
          97.080418
        ]
      },
      {
        "date": "2026-01-16",
        "close": 94.5,
        "volume": 947635,
        "typical_volume": 1095272.4,
        "trend": 94.306914,
        "fair_value": 62.814704,
        "relative_strength": -5.340591,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 7.019504,
        "energy": 5.440464,
        "activity_lines": [
          97.386665,
          97.84267,
          98.513205,
          97.12778
        ]
      },
      {
        "date": "2026-01-23",
        "close": 97.599998,
        "volume": 728428,
        "typical_volume": 1072422.3,
        "trend": 94.89257,
        "fair_value": 63.155906,
        "relative_strength": -1.865737,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.237977,
        "energy": 8.274294,
        "activity_lines": [
          97.433332,
          97.725489,
          98.445627,
          97.340237
        ]
      },
      {
        "date": "2026-01-30",
        "close": 94.199997,
        "volume": 946214,
        "typical_volume": 1095422.45,
        "trend": 95.263796,
        "fair_value": 63.447506,
        "relative_strength": -6.021482,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 3.40181,
        "energy": 8.184029,
        "activity_lines": [
          96.266665,
          96.98909,
          98.040458,
          97.295555
        ]
      },
      {
        "date": "2026-02-06",
        "close": 89.300003,
        "volume": 2310514,
        "typical_volume": 1175002.0,
        "trend": 95.377114,
        "fair_value": 63.721245,
        "relative_strength": -13.700106,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -34.562259,
        "energy": 45.585511,
        "activity_lines": [
          93.686666,
          95.456363,
          97.178951,
          96.910794
        ]
      },
      {
        "date": "2026-02-13",
        "close": 89.199997,
        "volume": 982706,
        "typical_volume": 1196349.65,
        "trend": 95.43818,
        "fair_value": 64.007187,
        "relative_strength": -13.826309,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -42.508618,
        "energy": 57.707354,
        "activity_lines": [
          91.699999,
          94.154544,
          96.353228,
          96.512271
        ]
      },
      {
        "date": "2026-02-20",
        "close": 93.900002,
        "volume": 1153693,
        "typical_volume": 1221857.55,
        "trend": 95.626561,
        "fair_value": 64.320076,
        "relative_strength": -11.157792,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -31.602592,
        "energy": 52.536457,
        "activity_lines": [
          92.013333,
          93.854545,
          96.009729,
          96.413034
        ]
      },
      {
        "date": "2026-02-27",
        "close": 99.699997,
        "volume": 2397680,
        "typical_volume": 1318815.2,
        "trend": 96.037627,
        "fair_value": 64.66932,
        "relative_strength": -7.057823,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -9.327581,
        "energy": 21.499454,
        "activity_lines": [
          94.299999,
          94.681817,
          96.222448,
          96.675836
        ]
      },
      {
        "date": "2026-03-06",
        "close": 103.199997,
        "volume": 1467370,
        "typical_volume": 1326798.85,
        "trend": 96.669718,
        "fair_value": 65.034518,
        "relative_strength": 1.669675,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 21.543332,
        "energy": 15.916146,
        "activity_lines": [
          97.613332,
          96.085453,
          96.745649,
          97.137924
        ]
      },
      {
        "date": "2026-03-13",
        "close": 99.900002,
        "volume": 1078221,
        "typical_volume": 1280394.05,
        "trend": 97.146153,
        "fair_value": 65.386576,
        "relative_strength": -1.203141,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 13.151261,
        "energy": 21.631456,
        "activity_lines": [
          99.226666,
          96.785454,
          96.935547,
          97.34633
        ]
      },
      {
        "date": "2026-03-20",
        "close": 97.800003,
        "volume": 514377,
        "typical_volume": 1229428.6,
        "trend": 97.389526,
        "fair_value": 65.729178,
        "relative_strength": 1.665333,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 12.695782,
        "energy": 22.239168,
        "activity_lines": [
          99.433334,
          97.081818,
          96.945437,
          97.388514
        ]
      },
      {
        "date": "2026-03-27",
        "close": 96.300003,
        "volume": 686641,
        "typical_volume": 1183953.4,
        "trend": 97.576377,
        "fair_value": 66.042487,
        "relative_strength": -0.025397,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 7.42025,
        "energy": 14.67771,
        "activity_lines": [
          98.566668,
          97.149092,
          96.835937,
          97.318222
        ]
      },
      {
        "date": "2026-04-03",
        "close": 99.099998,
        "volume": 313703,
        "typical_volume": 1168345.65,
        "trend": 97.722852,
        "fair_value": 66.369032,
        "relative_strength": -0.67621,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 10.648227,
        "energy": 9.411171,
        "activity_lines": [
          98.473334,
          97.692728,
          97.019057,
          97.41652
        ]
      },
      {
        "date": "2026-04-10",
        "close": 102.400002,
        "volume": 491856,
        "typical_volume": 1087497.75,
        "trend": 97.923885,
        "fair_value": 66.70701,
        "relative_strength": -2.182011,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 20.831292,
        "energy": 14.016459,
        "activity_lines": [
          99.520001,
          98.809092,
          97.509048,
          97.718271
        ]
      },
      {
        "date": "2026-04-17",
        "close": 103.599998,
        "volume": 606377,
        "typical_volume": 995317.75,
        "trend": 98.083389,
        "fair_value": 67.054152,
        "relative_strength": -3.265675,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 60.221079,
        "energy": 35.810679,
        "activity_lines": [
          101.02,
          99.994546,
          98.099047,
          98.084472
        ]
      },
      {
        "date": "2026-04-24",
        "close": 101.599998,
        "volume": 466610,
        "typical_volume": 945814.65,
        "trend": 98.254494,
        "fair_value": 67.398785,
        "relative_strength": -2.599234,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 51.194111,
        "energy": 43.973917,
        "activity_lines": [
          101.606666,
          100.556363,
          98.495714,
          98.31135
        ]
      },
      {
        "date": "2026-05-01",
        "close": 99.0,
        "volume": 297020,
        "typical_volume": 882858.25,
        "trend": 98.397635,
        "fair_value": 67.723216,
        "relative_strength": -3.829089,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 22.799125,
        "energy": 31.072664,
        "activity_lines": [
          101.073333,
          100.42,
          98.624285,
          98.359447
        ]
      },
      {
        "date": "2026-05-08",
        "close": 94.400002,
        "volume": 1087762,
        "typical_volume": 904583.4,
        "trend": 98.380921,
        "fair_value": 68.023756,
        "relative_strength": -8.632529,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -7.954115,
        "energy": 5.952781,
        "activity_lines": [
          98.826667,
          99.354546,
          98.309524,
          98.101536
        ]
      },
      {
        "date": "2026-05-15",
        "close": 104.599998,
        "volume": 715915,
        "typical_volume": 926460.05,
        "trend": 98.560712,
        "fair_value": 68.399697,
        "relative_strength": 2.322485,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 31.309223,
        "energy": 14.411482,
        "activity_lines": [
          100.293333,
          100.24,
          98.975714,
          98.502766
        ]
      },
      {
        "date": "2026-05-22",
        "close": 106.800003,
        "volume": 601536,
        "typical_volume": 938395.6,
        "trend": 98.650777,
        "fair_value": 68.804469,
        "relative_strength": 0.740492,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 63.049138,
        "energy": 31.208789,
        "activity_lines": [
          102.346667,
          101.5,
          99.817619,
          99.034334
        ]
      },
      {
        "date": "2026-05-29",
        "close": 102.400002,
        "volume": 2963233,
        "typical_volume": 1037874.55,
        "trend": 98.639831,
        "fair_value": 69.177383,
        "relative_strength": -3.215448,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 47.293428,
        "energy": 31.856197,
        "activity_lines": [
          102.720001,
          101.834546,
          100.201905,
          99.276219
        ]
      },
      {
        "date": "2026-06-05",
        "close": 95.199997,
        "volume": 78833,
        "typical_volume": 994434.45,
        "trend": 98.421498,
        "fair_value": 69.504496,
        "relative_strength": -9.288572,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 19.803416,
        "energy": 19.546631,
        "activity_lines": [
          100.64,
          100.776364,
          99.89,
          99.054294
        ]
      },
      {
        "date": "2026-06-12",
        "close": 98.800003,
        "volume": 84544,
        "typical_volume": 962240.25,
        "trend": 98.463397,
        "fair_value": 69.847853,
        "relative_strength": -5.73579,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 27.548699,
        "energy": 13.440469,
        "activity_lines": [
          100.013334,
          100.392728,
          99.917619,
          99.078714
        ]
      },
      {
        "date": "2026-06-19",
        "close": 94.900002,
        "volume": 746303,
        "typical_volume": 952244.7,
        "trend": 98.313333,
        "fair_value": 70.174104,
        "relative_strength": -11.202284,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -18.920824,
        "energy": 18.127001,
        "activity_lines": [
          97.793335,
          99.305455,
          99.568096,
          98.848817
        ]
      },
      {
        "date": "2026-06-26",
        "close": 100.0,
        "volume": 63174,
        "typical_volume": 839877.7,
        "trend": 98.213333,
        "fair_value": 70.518495,
        "relative_strength": -5.673749,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -7.022882,
        "energy": 14.906658,
        "activity_lines": [
          97.920001,
          99.281819,
          99.700953,
          98.957635
        ]
      },
      {
        "date": "2026-07-03",
        "close": 105.199997,
        "volume": 77067,
        "typical_volume": 794595.75,
        "trend": 98.476667,
        "fair_value": 70.906883,
        "relative_strength": -3.58915,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 35.294565,
        "energy": 13.857813,
        "activity_lines": [
          100.233333,
          100.269091,
          100.278095,
          99.408387
        ]
      },
      {
        "date": "2026-07-10",
        "close": 105.800003,
        "volume": 380918,
        "typical_volume": 755957.0,
        "trend": 98.74,
        "fair_value": 71.289043,
        "relative_strength": -0.90032,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 56.165539,
        "energy": 39.136202,
        "activity_lines": [
          102.560001,
          101.300001,
          100.836191,
          99.88086
        ]
      },
      {
        "date": "2026-07-17",
        "close": 101.199997,
        "volume": 535443,
        "typical_volume": 662845.15,
        "trend": 98.9,
        "fair_value": 71.627871,
        "relative_strength": -4.162209,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 46.683593,
        "energy": 35.245623,
        "activity_lines": [
          102.646666,
          101.370909,
          100.899524,
          100.03957
        ]
      },
      {
        "date": "2026-07-24",
        "close": 98.099998,
        "volume": 389522,
        "typical_volume": 608952.75,
        "trend": 98.92,
        "fair_value": 71.956549,
        "relative_strength": -8.459679,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 36.508074,
        "energy": 22.920488,
        "activity_lines": [
          101.539999,
          100.754545,
          100.660476,
          99.987957
        ]
      },
      {
        "date": "2026-07-31",
        "close": 99.800003,
        "volume": 330828,
        "typical_volume": 571583.1,
        "trend": 98.956667,
        "fair_value": 72.301838,
        "relative_strength": -8.032116,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 29.397726,
        "energy": 13.379592,
        "activity_lines": [
          100.786667,
          100.565455,
          100.607619,
          100.044731
        ]
      },
      {
        "date": "2026-08-07",
        "close": 97.5,
        "volume": 331419,
        "typical_volume": 562435.2,
        "trend": 98.866667,
        "fair_value": 72.63309,
        "relative_strength": -11.777606,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 5.561178,
        "energy": 9.414627,
        "activity_lines": [
          99.28,
          100.085455,
          100.336191,
          99.950753
        ]
      }
    ],
    "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."
    }
  }
}