{
  "ticker": {
    "uuid": "0533eaa6-16b2-4bb3-8216-b8a879c19045",
    "symbol": "VTOP",
    "name": "VanEck Crypto Leaders ETN A",
    "exchange": "EBS",
    "country": "CH",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^SSMI",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -39.644,
    "architecture_energy": 28.421,
    "architecture_maturity": 80.255,
    "architecture_confidence": 78.46,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 44.49,
        "rotation_up": 27.63,
        "upward_expansion": 16.69,
        "deceleration": 46.93,
        "rotation_down": 25.26,
        "downward_expansion": 59.69
      },
      "activity_lines": [
        5.445133,
        5.367291,
        5.532743,
        5.648966
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 5.523,
    "trend_reference": 5.911333,
    "distance_from_trend": -0.065693,
    "trend_direction": "Weakening",
    "fair_value": 7.340179,
    "distance_from_fair_value": -0.247566,
    "fair_value_direction": "Weakening",
    "relative_strength": -34.409129,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.023536,
    "excess_performance": -0.059347,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.065693,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.140957,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.247566,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.122859,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.344091,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.069928,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.023536,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.736495,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 4012,
      "relative_activity": 6.914261,
      "balance": 0.736495,
      "dry_up": 1.822059,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.044917,
      "annualized_volatility": 0.307963,
      "from_high_reference": -0.543554,
      "from_low_reference": 0.111044
    },
    "levels": {
      "trend_reference": 5.911333,
      "fair_value_reference": 7.340179,
      "structural_low": 4.971,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 15,
        "median_return": 0.036506,
        "positive_rate": 0.733333,
        "directional_follow_through": 0.266667,
        "median_excess_return": 0.035232,
        "regime_survival": 0.733333,
        "best_return": 0.493085,
        "worst_return": -0.229914,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.371025,
        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
        "median_excess_return": 0.369879,
        "regime_survival": 0.4,
        "best_return": 0.784957,
        "worst_return": -0.2731,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.368151,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": 0.319104,
        "regime_survival": 0.25,
        "best_return": 1.196876,
        "worst_return": -0.323209,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.942099,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.888654,
        "regime_survival": 0.0,
        "best_return": 1.102831,
        "worst_return": 0.781367,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-30",
        "end": "2024-11-08",
        "tenure": "Developing",
        "return": 0.32126,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-11-15",
        "end": "2024-11-29",
        "tenure": "New",
        "return": 0.160496,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-06",
        "end": "2025-02-14",
        "tenure": "Developing",
        "return": -0.199362,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-02-21",
        "end": "2025-03-07",
        "tenure": "New",
        "return": -0.158891,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-14",
        "end": "2025-04-18",
        "tenure": "Developing",
        "return": -0.103972,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-25",
        "end": "2025-05-30",
        "tenure": "Developing",
        "return": 0.164806,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-06",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.070897,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-18",
        "end": "2025-08-15",
        "tenure": "Developing",
        "return": 0.140789,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-22",
        "end": "2025-10-17",
        "tenure": "Developing",
        "return": -0.07552,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-24",
        "end": "2025-11-14",
        "tenure": "New",
        "return": -0.168742,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-11-21",
        "end": "2025-12-26",
        "tenure": "Developing",
        "return": 0.031974,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-02",
        "end": "2026-05-15",
        "tenure": "Established",
        "return": -0.187748,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-05-22",
        "end": "2026-05-29",
        "tenure": "New",
        "return": -0.045329,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-06-05",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.084004,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 3.1135,
        "volume": 0,
        "typical_volume": 500.45,
        "trend": 3.6169,
        "fair_value": 4.360451,
        "relative_strength": -8.008641,
        "stage": 1,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "down",
        "direction": -77.371984,
        "energy": 65.337217,
        "activity_lines": [
          3.382,
          3.476736,
          3.529595,
          3.580794
        ]
      },
      {
        "date": "2023-08-25",
        "close": 3.073,
        "volume": 25,
        "typical_volume": 501.7,
        "trend": 3.60155,
        "fair_value": 4.34494,
        "relative_strength": -9.804489,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -79.677579,
        "energy": 77.648222,
        "activity_lines": [
          3.255633,
          3.403336,
          3.477612,
          3.545703
        ]
      },
      {
        "date": "2023-09-01",
        "close": 3.0385,
        "volume": 200,
        "typical_volume": 494.7,
        "trend": 3.579,
        "fair_value": 4.329387,
        "relative_strength": -11.33061,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.582936,
        "energy": 81.591183,
        "activity_lines": [
          3.153867,
          3.322973,
          3.426133,
          3.509377
        ]
      },
      {
        "date": "2023-09-08",
        "close": 3.0375,
        "volume": 0,
        "typical_volume": 163.6,
        "trend": 3.566417,
        "fair_value": 4.314188,
        "relative_strength": -9.841939,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.286686,
        "energy": 84.475346,
        "activity_lines": [
          3.086367,
          3.251809,
          3.380224,
          3.474442
        ]
      },
      {
        "date": "2023-09-15",
        "close": 3.021,
        "volume": 1,
        "typical_volume": 163.65,
        "trend": 3.5408,
        "fair_value": 4.299151,
        "relative_strength": -11.947346,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.05874,
        "energy": 86.228381,
        "activity_lines": [
          3.042,
          3.185636,
          3.336555,
          3.439254
        ]
      },
      {
        "date": "2023-09-22",
        "close": 3.0745,
        "volume": 0,
        "typical_volume": 163.65,
        "trend": 3.518467,
        "fair_value": 4.285075,
        "relative_strength": -8.562498,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.118769,
        "energy": 85.565168,
        "activity_lines": [
          3.047933,
          3.139482,
          3.301893,
          3.40917
        ]
      },
      {
        "date": "2023-09-29",
        "close": 3.1775,
        "volume": 0,
        "typical_volume": 162.75,
        "trend": 3.508583,
        "fair_value": 4.272489,
        "relative_strength": -4.738422,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.710443,
        "energy": 69.051232,
        "activity_lines": [
          3.0908,
          3.126209,
          3.280855,
          3.387172
        ]
      },
      {
        "date": "2023-10-06",
        "close": 3.2875,
        "volume": 3112,
        "typical_volume": 272.45,
        "trend": 3.515667,
        "fair_value": 4.261421,
        "relative_strength": -0.035382,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -48.572969,
        "energy": 40.758912,
        "activity_lines": [
          3.163367,
          3.140882,
          3.2719,
          3.372909
        ]
      },
      {
        "date": "2023-10-13",
        "close": 3.063,
        "volume": 0,
        "typical_volume": 264.45,
        "trend": 3.494283,
        "fair_value": 4.248106,
        "relative_strength": -7.094482,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.251022,
        "energy": 39.250529,
        "activity_lines": [
          3.1445,
          3.119645,
          3.243095,
          3.343704
        ]
      },
      {
        "date": "2023-10-20",
        "close": 3.267,
        "volume": 0,
        "typical_volume": 264.45,
        "trend": 3.476517,
        "fair_value": 4.237324,
        "relative_strength": 4.401706,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.301225,
        "energy": 25.224612,
        "activity_lines": [
          3.191933,
          3.142845,
          3.2363,
          3.329041
        ]
      },
      {
        "date": "2023-10-27",
        "close": 3.7785,
        "volume": 100,
        "typical_volume": 215.7,
        "trend": 3.47315,
        "fair_value": 4.232337,
        "relative_strength": 20.837214,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "down",
        "direction": 9.576993,
        "energy": 24.359248,
        "activity_lines": [
          3.393467,
          3.263427,
          3.280424,
          3.348524
        ]
      },
      {
        "date": "2023-11-03",
        "close": 4.0105,
        "volume": 781,
        "typical_volume": 254.75,
        "trend": 3.477867,
        "fair_value": 4.229952,
        "relative_strength": 25.041492,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 50.534466,
        "energy": 52.960735,
        "activity_lines": [
          3.6254,
          3.4141,
          3.345305,
          3.383191
        ]
      },
      {
        "date": "2023-11-10",
        "close": 4.651,
        "volume": 4931,
        "typical_volume": 501.3,
        "trend": 3.491967,
        "fair_value": 4.234431,
        "relative_strength": 43.730078,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 66.361925,
        "energy": 87.171336,
        "activity_lines": [
          4.0153,
          3.664182,
          3.46654,
          3.458877
        ]
      },
      {
        "date": "2023-11-17",
        "close": 4.5,
        "volume": 400,
        "typical_volume": 521.3,
        "trend": 3.514033,
        "fair_value": 4.237226,
        "relative_strength": 35.280651,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 86.631549,
        "energy": 95.219594,
        "activity_lines": [
          4.263967,
          3.857491,
          3.568174,
          3.523912
        ]
      },
      {
        "date": "2023-11-24",
        "close": 4.7345,
        "volume": 1661,
        "typical_volume": 604.35,
        "trend": 3.543767,
        "fair_value": 4.242406,
        "relative_strength": 38.807922,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.703752,
        "energy": 95.972284,
        "activity_lines": [
          4.495,
          4.066845,
          3.687269,
          3.602652
        ]
      },
      {
        "date": "2023-12-01",
        "close": 4.5145,
        "volume": 371,
        "typical_volume": 585.4,
        "trend": 3.565067,
        "fair_value": 4.245211,
        "relative_strength": 30.946072,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.586501,
        "energy": 88.888178,
        "activity_lines": [
          4.554867,
          4.205045,
          3.779948,
          3.66528
        ]
      },
      {
        "date": "2023-12-08",
        "close": 5.545,
        "volume": 7872,
        "typical_volume": 979.0,
        "trend": 3.632733,
        "fair_value": 4.258474,
        "relative_strength": 55.788294,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 96.150454,
        "energy": 97.893916,
        "activity_lines": [
          4.909167,
          4.504427,
          3.967619,
          3.793017
        ]
      },
      {
        "date": "2023-12-15",
        "close": 5.542,
        "volume": 5338,
        "typical_volume": 1242.65,
        "trend": 3.697167,
        "fair_value": 4.271439,
        "relative_strength": 51.768081,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 90.747095,
        "energy": 92.90671,
        "activity_lines": [
          5.160167,
          4.760218,
          4.145812,
          3.916196
        ]
      },
      {
        "date": "2023-12-22",
        "close": 5.8,
        "volume": 300,
        "typical_volume": 1254.6,
        "trend": 3.770333,
        "fair_value": 4.286725,
        "relative_strength": 56.781459,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 89.088234,
        "energy": 85.280526,
        "activity_lines": [
          5.437767,
          5.021927,
          4.339126,
          4.051862
        ]
      },
      {
        "date": "2023-12-29",
        "close": 5.811,
        "volume": 0,
        "typical_volume": 1254.6,
        "trend": 3.8397,
        "fair_value": 4.301817,
        "relative_strength": 54.684686,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.192143,
        "energy": 87.582103,
        "activity_lines": [
          5.632367,
          5.235873,
          4.522379,
          4.183518
        ]
      },
      {
        "date": "2024-01-05",
        "close": 5.613,
        "volume": 10613,
        "typical_volume": 1785.25,
        "trend": 3.910217,
        "fair_value": 4.314672,
        "relative_strength": 46.552707,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.927567,
        "energy": 67.667306,
        "activity_lines": [
          5.6892,
          5.367564,
          4.675807,
          4.297925
        ]
      },
      {
        "date": "2024-01-12",
        "close": 6.081,
        "volume": 20992,
        "typical_volume": 2833.6,
        "trend": 4.01175,
        "fair_value": 4.33182,
        "relative_strength": 55.77961,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.018298,
        "energy": 71.476687,
        "activity_lines": [
          5.8288,
          5.550991,
          4.861905,
          4.437975
        ]
      },
      {
        "date": "2024-01-19",
        "close": 5.605,
        "volume": 1165,
        "typical_volume": 2881.85,
        "trend": 4.0801,
        "fair_value": 4.344063,
        "relative_strength": 42.901262,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.354338,
        "energy": 64.198821,
        "activity_lines": [
          5.774,
          5.610227,
          4.988345,
          4.540766
        ]
      },
      {
        "date": "2024-01-26",
        "close": 5.46,
        "volume": 6271,
        "typical_volume": 3195.4,
        "trend": 4.1462,
        "fair_value": 4.35469,
        "relative_strength": 35.039049,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.109519,
        "energy": 58.220989,
        "activity_lines": [
          5.666667,
          5.625755,
          5.088755,
          4.629791
        ]
      },
      {
        "date": "2024-02-02",
        "close": 5.79,
        "volume": 771,
        "typical_volume": 3233.9,
        "trend": 4.219633,
        "fair_value": 4.368231,
        "relative_strength": 43.655971,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.915452,
        "energy": 56.347919,
        "activity_lines": [
          5.692,
          5.683827,
          5.209057,
          4.735843
        ]
      },
      {
        "date": "2024-02-09",
        "close": 6.275,
        "volume": 1200,
        "typical_volume": 3293.9,
        "trend": 4.300367,
        "fair_value": 4.386051,
        "relative_strength": 55.607403,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.373668,
        "energy": 61.839864,
        "activity_lines": [
          5.8804,
          5.810891,
          5.362364,
          4.868447
        ]
      },
      {
        "date": "2024-02-16",
        "close": 6.955,
        "volume": 4298,
        "typical_volume": 3508.8,
        "trend": 4.411717,
        "fair_value": 4.409838,
        "relative_strength": 66.677011,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.803456,
        "energy": 71.594819,
        "activity_lines": [
          6.251333,
          6.029582,
          5.565193,
          5.039714
        ]
      },
      {
        "date": "2024-02-23",
        "close": 6.751,
        "volume": 6877,
        "typical_volume": 3697.05,
        "trend": 4.518167,
        "fair_value": 4.431317,
        "relative_strength": 57.102132,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.09941,
        "energy": 83.059205,
        "activity_lines": [
          6.496,
          6.185545,
          5.730605,
          5.190635
        ]
      },
      {
        "date": "2024-03-01",
        "close": 8.184,
        "volume": 22193,
        "typical_volume": 4806.7,
        "trend": 4.6754,
        "fair_value": 4.465432,
        "relative_strength": 86.640257,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 94.300135,
        "energy": 96.029588,
        "activity_lines": [
          7.141933,
          6.580073,
          6.016,
          5.427141
        ]
      },
      {
        "date": "2024-03-08",
        "close": 8.846,
        "volume": 8284,
        "typical_volume": 5220.9,
        "trend": 4.853333,
        "fair_value": 4.504896,
        "relative_strength": 94.439137,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 96.412981,
        "energy": 98.415198,
        "activity_lines": [
          7.826933,
          7.051618,
          6.340057,
          5.696212
        ]
      },
      {
        "date": "2024-03-15",
        "close": 9.01,
        "volume": 5969,
        "typical_volume": 5514.35,
        "trend": 5.049883,
        "fair_value": 4.545121,
        "relative_strength": 93.525547,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.225356,
        "energy": 96.2676,
        "activity_lines": [
          8.362867,
          7.4978,
          6.653167,
          5.964384
        ]
      },
      {
        "date": "2024-03-22",
        "close": 8.619,
        "volume": 0,
        "typical_volume": 5475.3,
        "trend": 5.23475,
        "fair_value": 4.581173,
        "relative_strength": 82.151771,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.018605,
        "energy": 89.202351,
        "activity_lines": [
          8.586133,
          7.811127,
          6.904126,
          6.194649
        ]
      },
      {
        "date": "2024-03-29",
        "close": 9.28,
        "volume": 113,
        "typical_volume": 5234.4,
        "trend": 5.4428,
        "fair_value": 4.62239,
        "relative_strength": 90.817532,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.45248,
        "energy": 91.054138,
        "activity_lines": [
          8.9188,
          8.198491,
          7.196093,
          6.455633
        ]
      },
      {
        "date": "2024-04-05",
        "close": 8.747,
        "volume": 9853,
        "typical_volume": 5707.05,
        "trend": 5.633117,
        "fair_value": 4.658257,
        "relative_strength": 80.051541,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.176501,
        "energy": 67.963878,
        "activity_lines": [
          8.9052,
          8.422127,
          7.415255,
          6.668808
        ]
      },
      {
        "date": "2024-04-12",
        "close": 8.957,
        "volume": 620,
        "typical_volume": 5655.0,
        "trend": 5.830983,
        "fair_value": 4.695315,
        "relative_strength": 82.809989,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.031594,
        "energy": 67.48641,
        "activity_lines": [
          8.924067,
          8.624182,
          7.634193,
          6.883252
        ]
      },
      {
        "date": "2024-04-19",
        "close": 7.702,
        "volume": 2797,
        "typical_volume": 5776.3,
        "trend": 5.985233,
        "fair_value": 4.721013,
        "relative_strength": 55.937011,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 54.834636,
        "energy": 56.546296,
        "activity_lines": [
          8.5172,
          8.540473,
          7.7135,
          7.003962
        ]
      },
      {
        "date": "2024-04-26",
        "close": 7.93,
        "volume": 7016,
        "typical_volume": 5733.5,
        "trend": 6.14365,
        "fair_value": 4.748208,
        "relative_strength": 57.362142,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.101061,
        "energy": 41.595259,
        "activity_lines": [
          8.273533,
          8.472273,
          7.799343,
          7.129431
        ]
      },
      {
        "date": "2024-05-03",
        "close": 7.471,
        "volume": 16130,
        "typical_volume": 6273.1,
        "trend": 6.2831,
        "fair_value": 4.771088,
        "relative_strength": 47.107865,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.655587,
        "energy": 27.826488,
        "activity_lines": [
          7.9228,
          8.302891,
          7.830114,
          7.215067
        ]
      },
      {
        "date": "2024-05-10",
        "close": 7.818,
        "volume": 2639,
        "typical_volume": 6390.05,
        "trend": 6.4416,
        "fair_value": 4.796479,
        "relative_strength": 45.402066,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.536853,
        "energy": 29.834042,
        "activity_lines": [
          7.808333,
          8.183509,
          7.884748,
          7.314092
        ]
      },
      {
        "date": "2024-05-17",
        "close": 7.859,
        "volume": 365,
        "typical_volume": 6408.3,
        "trend": 6.594667,
        "fair_value": 4.821789,
        "relative_strength": 40.696146,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.346486,
        "energy": 24.945169,
        "activity_lines": [
          7.769467,
          8.078236,
          7.933676,
          7.405538
        ]
      },
      {
        "date": "2024-05-24",
        "close": 8.773,
        "volume": 2,
        "typical_volume": 5877.75,
        "trend": 6.76115,
        "fair_value": 4.854176,
        "relative_strength": 55.74724,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 52.543553,
        "energy": 26.945772,
        "activity_lines": [
          8.108467,
          8.157091,
          8.0599,
          7.546075
        ]
      },
      {
        "date": "2024-05-31",
        "close": 8.648,
        "volume": 650,
        "typical_volume": 4860.65,
        "trend": 6.915733,
        "fair_value": 4.88502,
        "relative_strength": 50.228172,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 62.437654,
        "energy": 41.241965,
        "activity_lines": [
          8.3344,
          8.217527,
          8.159171,
          7.667808
        ]
      },
      {
        "date": "2024-06-07",
        "close": 8.855,
        "volume": 12065,
        "typical_volume": 5405.65,
        "trend": 7.055867,
        "fair_value": 4.917036,
        "relative_strength": 48.190474,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 66.804233,
        "energy": 51.583288,
        "activity_lines": [
          8.581467,
          8.315073,
          8.265933,
          7.792922
        ]
      },
      {
        "date": "2024-06-14",
        "close": 7.93,
        "volume": 0,
        "typical_volume": 5092.1,
        "trend": 7.1702,
        "fair_value": 4.94114,
        "relative_strength": 32.971163,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 45.238264,
        "energy": 38.748119,
        "activity_lines": [
          8.427933,
          8.252164,
          8.269124,
          7.849317
        ]
      },
      {
        "date": "2024-06-21",
        "close": 7.567,
        "volume": 4474,
        "typical_volume": 5277.25,
        "trend": 7.264617,
        "fair_value": 4.96198,
        "relative_strength": 25.69069,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 23.967812,
        "energy": 19.209336,
        "activity_lines": [
          8.145933,
          8.138109,
          8.225981,
          7.874917
        ]
      },
      {
        "date": "2024-06-28",
        "close": 7.783,
        "volume": 269,
        "typical_volume": 5230.7,
        "trend": 7.373567,
        "fair_value": 4.984193,
        "relative_strength": 27.812882,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 12.276902,
        "energy": 11.170521,
        "activity_lines": [
          7.9554,
          8.0886,
          8.194948,
          7.908361
        ]
      },
      {
        "date": "2024-07-05",
        "close": 6.468,
        "volume": 8098,
        "typical_volume": 5420.7,
        "trend": 7.404333,
        "fair_value": 4.995785,
        "relative_strength": 5.276034,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -41.66997,
        "energy": 40.042013,
        "activity_lines": [
          7.392533,
          7.798527,
          8.031495,
          7.849938
        ]
      },
      {
        "date": "2024-07-12",
        "close": 7.048,
        "volume": 15422,
        "typical_volume": 5847.95,
        "trend": 7.454533,
        "fair_value": 5.011694,
        "relative_strength": 10.458949,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -27.121234,
        "energy": 47.545862,
        "activity_lines": [
          7.168333,
          7.640491,
          7.9256,
          7.826948
        ]
      },
      {
        "date": "2024-07-19",
        "close": 7.953,
        "volume": 152,
        "typical_volume": 4745.9,
        "trend": 7.5263,
        "fair_value": 5.034319,
        "relative_strength": 25.063861,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -18.538759,
        "energy": 40.146395,
        "activity_lines": [
          7.366267,
          7.654691,
          7.904481,
          7.859108
        ]
      },
      {
        "date": "2024-07-26",
        "close": 7.947,
        "volume": 18148,
        "typical_volume": 5239.1,
        "trend": 7.5975,
        "fair_value": 5.056553,
        "relative_strength": 22.761488,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -22.356606,
        "energy": 26.874712,
        "activity_lines": [
          7.560667,
          7.665345,
          7.88389,
          7.886249
        ]
      },
      {
        "date": "2024-08-02",
        "close": 7.194,
        "volume": 533,
        "typical_volume": 4967.3,
        "trend": 7.6502,
        "fair_value": 5.072746,
        "relative_strength": 13.34486,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -31.584671,
        "energy": 20.639033,
        "activity_lines": [
          7.478733,
          7.537491,
          7.795867,
          7.860217
        ]
      },
      {
        "date": "2024-08-09",
        "close": 6.683,
        "volume": 17183,
        "typical_volume": 5826.45,
        "trend": 7.670267,
        "fair_value": 5.084853,
        "relative_strength": 4.451917,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -39.009913,
        "energy": 24.511573,
        "activity_lines": [
          7.265733,
          7.345436,
          7.667824,
          7.797817
        ]
      },
      {
        "date": "2024-08-16",
        "close": 6.45,
        "volume": 10685,
        "typical_volume": 6355.05,
        "trend": 7.698433,
        "fair_value": 5.095041,
        "relative_strength": -2.699121,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -43.296491,
        "energy": 44.259987,
        "activity_lines": [
          6.960733,
          7.146745,
          7.52681,
          7.71909
        ]
      },
      {
        "date": "2024-08-23",
        "close": 6.462,
        "volume": 1500,
        "typical_volume": 5937.4,
        "trend": 7.731833,
        "fair_value": 5.105167,
        "relative_strength": -4.59066,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "down",
        "direction": -68.473342,
        "energy": 74.967305,
        "activity_lines": [
          6.6996,
          6.993964,
          7.400414,
          7.63932
        ]
      },
      {
        "date": "2024-08-30",
        "close": 6.129,
        "volume": 1000,
        "typical_volume": 5956.4,
        "trend": 7.743133,
        "fair_value": 5.112695,
        "relative_strength": -10.838741,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.200019,
        "energy": 78.946901,
        "activity_lines": [
          6.426867,
          6.807327,
          7.253186,
          7.535912
        ]
      },
      {
        "date": "2024-09-06",
        "close": 5.748,
        "volume": 7867,
        "typical_volume": 6209.9,
        "trend": 7.725567,
        "fair_value": 5.117332,
        "relative_strength": -13.290517,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -79.229079,
        "energy": 83.154327,
        "activity_lines": [
          6.148333,
          6.577564,
          7.083138,
          7.407194
        ]
      },
      {
        "date": "2024-09-13",
        "close": 6.108,
        "volume": 0,
        "typical_volume": 5859.1,
        "trend": 7.697333,
        "fair_value": 5.124511,
        "relative_strength": -9.589812,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.311824,
        "energy": 77.202774,
        "activity_lines": [
          6.0862,
          6.450255,
          6.956681,
          7.302834
        ]
      },
      {
        "date": "2024-09-20",
        "close": 6.593,
        "volume": 830,
        "typical_volume": 5094.1,
        "trend": 7.692067,
        "fair_value": 5.135076,
        "relative_strength": -2.480201,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.888175,
        "energy": 52.454443,
        "activity_lines": [
          6.224067,
          6.417673,
          6.88509,
          7.231587
        ]
      },
      {
        "date": "2024-09-27",
        "close": 6.872,
        "volume": 15753,
        "typical_volume": 5749.8,
        "trend": 7.648333,
        "fair_value": 5.147482,
        "relative_strength": -1.752557,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -47.416771,
        "energy": 37.251372,
        "activity_lines": [
          6.4454,
          6.444091,
          6.844252,
          7.17868
        ]
      },
      {
        "date": "2024-10-04",
        "close": 6.345,
        "volume": 41,
        "typical_volume": 5733.6,
        "trend": 7.564967,
        "fair_value": 5.155975,
        "relative_strength": -8.191713,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -46.403727,
        "energy": 31.805143,
        "activity_lines": [
          6.463733,
          6.394345,
          6.757729,
          7.094594
        ]
      },
      {
        "date": "2024-10-11",
        "close": 6.408,
        "volume": 43,
        "typical_volume": 5735.65,
        "trend": 7.478233,
        "fair_value": 5.164792,
        "relative_strength": -9.224745,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -40.935813,
        "energy": 26.330774,
        "activity_lines": [
          6.488667,
          6.385182,
          6.684414,
          7.019951
        ]
      },
      {
        "date": "2024-10-18",
        "close": 6.986,
        "volume": 410,
        "typical_volume": 5723.65,
        "trend": 7.4238,
        "fair_value": 5.177528,
        "relative_strength": -3.22667,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -35.137747,
        "energy": 20.689576,
        "activity_lines": [
          6.662267,
          6.4954,
          6.67741,
          6.988194
        ]
      },
      {
        "date": "2024-10-25",
        "close": 7.086,
        "volume": 13895,
        "typical_volume": 5815.15,
        "trend": 7.350667,
        "fair_value": 5.190781,
        "relative_strength": -1.389381,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -24.281915,
        "energy": 16.415465,
        "activity_lines": [
          6.810667,
          6.618291,
          6.687843,
          6.9664
        ]
      },
      {
        "date": "2024-11-01",
        "close": 7.198,
        "volume": 3697,
        "typical_volume": 6000.0,
        "trend": 7.299033,
        "fair_value": 5.204624,
        "relative_strength": 1.24968,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -0.429603,
        "energy": 14.211333,
        "activity_lines": [
          6.963533,
          6.749982,
          6.717367,
          6.956551
        ]
      },
      {
        "date": "2024-11-08",
        "close": 8.098,
        "volume": 4130,
        "typical_volume": 5982.8,
        "trend": 7.2704,
        "fair_value": 5.224442,
        "relative_strength": 14.633723,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 47.293746,
        "energy": 54.701497,
        "activity_lines": [
          7.394667,
          7.031927,
          6.83609,
          7.008097
        ]
      },
      {
        "date": "2024-11-15",
        "close": 9.427,
        "volume": 19978,
        "typical_volume": 6968.25,
        "trend": 7.3279,
        "fair_value": 5.253031,
        "relative_strength": 33.72354,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 58.315293,
        "energy": 80.756326,
        "activity_lines": [
          8.151933,
          7.519709,
          7.078857,
          7.147232
        ]
      },
      {
        "date": "2024-11-22",
        "close": 10.58,
        "volume": 27307,
        "typical_volume": 7928.7,
        "trend": 7.416233,
        "fair_value": 5.289024,
        "relative_strength": 46.755526,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 69.96768,
        "energy": 89.049103,
        "activity_lines": [
          9.092267,
          8.150236,
          7.423605,
          7.357045
        ]
      },
      {
        "date": "2024-11-29",
        "close": 10.94,
        "volume": 16298,
        "typical_volume": 7972.5,
        "trend": 7.531867,
        "fair_value": 5.32695,
        "relative_strength": 48.738425,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 95.599242,
        "energy": 98.360196,
        "activity_lines": [
          9.913,
          8.764909,
          7.783057,
          7.584385
        ]
      },
      {
        "date": "2024-12-06",
        "close": 11.602,
        "volume": 5424,
        "typical_volume": 8236.1,
        "trend": 7.658,
        "fair_value": 5.368783,
        "relative_strength": 55.20795,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 93.234655,
        "energy": 97.574266,
        "activity_lines": [
          10.697467,
          9.420909,
          8.187024,
          7.846974
        ]
      },
      {
        "date": "2024-12-13",
        "close": 11.492,
        "volume": 2344,
        "typical_volume": 7445.9,
        "trend": 7.7791,
        "fair_value": 5.409334,
        "relative_strength": 52.61497,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.387813,
        "energy": 93.039985,
        "activity_lines": [
          11.151667,
          9.970909,
          8.563138,
          8.094329
        ]
      },
      {
        "date": "2024-12-20",
        "close": 9.67,
        "volume": 8282,
        "typical_volume": 7833.35,
        "trend": 7.809,
        "fair_value": 5.437365,
        "relative_strength": 30.624986,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.189995,
        "energy": 76.909341,
        "activity_lines": [
          10.772267,
          10.096055,
          8.748848,
          8.216323
        ]
      },
      {
        "date": "2024-12-27",
        "close": 10.206,
        "volume": 1146,
        "typical_volume": 7031.5,
        "trend": 7.860933,
        "fair_value": 5.468533,
        "relative_strength": 34.011203,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.798039,
        "energy": 65.198087,
        "activity_lines": [
          10.555333,
          10.259345,
          8.973814,
          8.370968
        ]
      },
      {
        "date": "2025-01-03",
        "close": 10.79,
        "volume": 1630,
        "typical_volume": 6578.75,
        "trend": 7.925433,
        "fair_value": 5.503088,
        "relative_strength": 39.515631,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.842925,
        "energy": 61.974917,
        "activity_lines": [
          10.558,
          10.470273,
          9.237624,
          8.55994
        ]
      },
      {
        "date": "2025-01-10",
        "close": 10.24,
        "volume": 21758,
        "typical_volume": 7591.65,
        "trend": 8.002433,
        "fair_value": 5.533648,
        "relative_strength": 29.297918,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 48.760888,
        "energy": 42.659181,
        "activity_lines": [
          10.387333,
          10.513855,
          9.428386,
          8.709267
        ]
      },
      {
        "date": "2025-01-17",
        "close": 11.004,
        "volume": 51108,
        "typical_volume": 10097.05,
        "trend": 8.117,
        "fair_value": 5.568715,
        "relative_strength": 35.04117,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.494644,
        "energy": 48.229733,
        "activity_lines": [
          10.562133,
          10.641036,
          9.673919,
          8.902916
        ]
      },
      {
        "date": "2025-01-24",
        "close": 11.438,
        "volume": 36434,
        "typical_volume": 11525.4,
        "trend": 8.238833,
        "fair_value": 5.596696,
        "relative_strength": 35.246241,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.759753,
        "energy": 55.6544,
        "activity_lines": [
          10.914133,
          10.794291,
          9.937571,
          9.117174
        ]
      },
      {
        "date": "2025-01-31",
        "close": 10.916,
        "volume": 10266,
        "typical_volume": 12038.7,
        "trend": 8.3871,
        "fair_value": 5.61617,
        "relative_strength": 24.675433,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.895898,
        "energy": 47.511757,
        "activity_lines": [
          10.974267,
          10.816073,
          10.124414,
          9.289895
        ]
      },
      {
        "date": "2025-02-07",
        "close": 9.419,
        "volume": 4923,
        "typical_volume": 12243.35,
        "trend": 8.466133,
        "fair_value": 5.623458,
        "relative_strength": 7.069978,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.085331,
        "energy": 34.007896,
        "activity_lines": [
          10.488067,
          10.559564,
          10.14579,
          9.356469
        ]
      },
      {
        "date": "2025-02-14",
        "close": 9.289,
        "volume": 2132,
        "typical_volume": 11562.3,
        "trend": 8.510667,
        "fair_value": 5.635369,
        "relative_strength": 3.256262,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 32.290741,
        "energy": 19.394557,
        "activity_lines": [
          10.049933,
          10.307073,
          10.141329,
          9.409557
        ]
      },
      {
        "date": "2025-02-21",
        "close": 9.195,
        "volume": 1996,
        "typical_volume": 11660.05,
        "trend": 8.552267,
        "fair_value": 5.648625,
        "relative_strength": 1.012327,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 8.530702,
        "energy": 18.703503,
        "activity_lines": [
          9.643867,
          10.079545,
          10.116405,
          9.453708
        ]
      },
      {
        "date": "2025-02-28",
        "close": 7.725,
        "volume": 11410,
        "typical_volume": 12228.4,
        "trend": 8.569967,
        "fair_value": 5.652619,
        "relative_strength": -15.227479,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -19.971312,
        "energy": 33.448498,
        "activity_lines": [
          8.8684,
          9.626509,
          9.93791,
          9.400335
        ]
      },
      {
        "date": "2025-03-07",
        "close": 7.734,
        "volume": 7084,
        "typical_volume": 12562.1,
        "trend": 8.605,
        "fair_value": 5.65842,
        "relative_strength": -15.206208,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -36.959268,
        "energy": 52.683205,
        "activity_lines": [
          8.343467,
          9.210473,
          9.754,
          9.346402
        ]
      },
      {
        "date": "2025-03-14",
        "close": 6.973,
        "volume": 38748,
        "typical_volume": 13804.75,
        "trend": 8.622433,
        "fair_value": 5.65558,
        "relative_strength": -22.105551,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -44.520877,
        "energy": 68.459183,
        "activity_lines": [
          7.777,
          8.701018,
          9.494052,
          9.241112
        ]
      },
      {
        "date": "2025-03-21",
        "close": 7.2,
        "volume": 7637,
        "typical_volume": 14001.75,
        "trend": 8.647033,
        "fair_value": 5.648772,
        "relative_strength": -20.126294,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -38.030444,
        "energy": 71.785951,
        "activity_lines": [
          7.449267,
          8.302236,
          9.256262,
          9.149342
        ]
      },
      {
        "date": "2025-03-28",
        "close": 7.113,
        "volume": 1060,
        "typical_volume": 13848.25,
        "trend": 8.679833,
        "fair_value": 5.636247,
        "relative_strength": -19.11237,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -43.890505,
        "energy": 72.783919,
        "activity_lines": [
          7.2318,
          7.942909,
          9.010176,
          9.050372
        ]
      },
      {
        "date": "2025-04-04",
        "close": 6.633,
        "volume": 800,
        "typical_volume": 12889.35,
        "trend": 8.709333,
        "fair_value": 5.623894,
        "relative_strength": -16.40546,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -49.787334,
        "energy": 75.103243,
        "activity_lines": [
          6.993133,
          7.567055,
          8.723067,
          8.918318
        ]
      },
      {
        "date": "2025-04-11",
        "close": 6.054,
        "volume": 6264,
        "typical_volume": 11837.2,
        "trend": 8.707533,
        "fair_value": 5.61258,
        "relative_strength": -20.367486,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -55.074328,
        "energy": 79.306889,
        "activity_lines": [
          6.634267,
          7.173291,
          8.394119,
          8.747006
        ]
      },
      {
        "date": "2025-04-18",
        "close": 6.248,
        "volume": 296,
        "typical_volume": 11037.1,
        "trend": 8.696033,
        "fair_value": 5.602599,
        "relative_strength": -20.453502,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -74.133957,
        "energy": 86.00782,
        "activity_lines": [
          6.452067,
          6.9032,
          8.1052,
          8.588327
        ]
      },
      {
        "date": "2025-04-25",
        "close": 7.075,
        "volume": 531,
        "typical_volume": 10792.45,
        "trend": 8.7028,
        "fair_value": 5.599497,
        "relative_strength": -11.776255,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.235179,
        "energy": 74.970308,
        "activity_lines": [
          6.593867,
          6.841127,
          7.917386,
          8.483744
        ]
      },
      {
        "date": "2025-05-02",
        "close": 7.117,
        "volume": 104,
        "typical_volume": 10680.45,
        "trend": 8.728533,
        "fair_value": 5.599958,
        "relative_strength": -13.306865,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.785769,
        "energy": 62.416509,
        "activity_lines": [
          6.758,
          6.826945,
          7.755129,
          8.381434
        ]
      },
      {
        "date": "2025-05-09",
        "close": 8.127,
        "volume": 75,
        "typical_volume": 10270.1,
        "trend": 8.785833,
        "fair_value": 5.617029,
        "relative_strength": 0.338728,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -46.574703,
        "energy": 37.629978,
        "activity_lines": [
          7.258533,
          7.034182,
          7.709895,
          8.342626
        ]
      },
      {
        "date": "2025-05-16",
        "close": 8.466,
        "volume": 30,
        "typical_volume": 10214.3,
        "trend": 8.835167,
        "fair_value": 5.639304,
        "relative_strength": 2.326275,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -28.449647,
        "energy": 31.768328,
        "activity_lines": [
          7.772467,
          7.295745,
          7.704295,
          8.321991
        ]
      },
      {
        "date": "2025-05-23",
        "close": 8.836,
        "volume": 2539,
        "typical_volume": 10259.75,
        "trend": 8.8935,
        "fair_value": 5.666731,
        "relative_strength": 8.026377,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -5.243847,
        "energy": 26.760831,
        "activity_lines": [
          8.248933,
          7.611273,
          7.742219,
          8.322045
        ]
      },
      {
        "date": "2025-05-30",
        "close": 8.241,
        "volume": 1435,
        "typical_volume": 9243.6,
        "trend": 8.928267,
        "fair_value": 5.689481,
        "relative_strength": 0.652725,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -3.960363,
        "energy": 29.767233,
        "activity_lines": [
          8.354533,
          7.784745,
          7.732781,
          8.279948
        ]
      },
      {
        "date": "2025-06-06",
        "close": 8.068,
        "volume": 11043,
        "typical_volume": 7240.35,
        "trend": 8.927267,
        "fair_value": 5.710449,
        "relative_strength": -2.371887,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -2.020547,
        "energy": 28.525771,
        "activity_lines": [
          8.324733,
          7.907836,
          7.716386,
          8.224447
        ]
      },
      {
        "date": "2025-06-13",
        "close": 7.838,
        "volume": 2548,
        "typical_volume": 5546.05,
        "trend": 8.8743,
        "fair_value": 5.73866,
        "relative_strength": -3.399605,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -5.649464,
        "energy": 20.31431,
        "activity_lines": [
          8.154867,
          7.971745,
          7.692067,
          8.154172
        ]
      },
      {
        "date": "2025-06-20",
        "close": 7.861,
        "volume": 643,
        "typical_volume": 5064.9,
        "trend": 8.783667,
        "fair_value": 5.765981,
        "relative_strength": -0.966289,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -21.077653,
        "energy": 15.396215,
        "activity_lines": [
          8.011933,
          8.017927,
          7.687081,
          8.088798
        ]
      },
      {
        "date": "2025-06-27",
        "close": 7.603,
        "volume": 6350,
        "typical_volume": 5136.25,
        "trend": 8.672433,
        "fair_value": 5.794064,
        "relative_strength": -5.049494,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -32.178478,
        "energy": 25.358603,
        "activity_lines": [
          7.823333,
          7.984345,
          7.672071,
          8.012626
        ]
      },
      {
        "date": "2025-07-04",
        "close": 7.76,
        "volume": 0,
        "typical_volume": 5029.65,
        "trend": 8.544367,
        "fair_value": 5.820035,
        "relative_strength": -3.328664,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -32.085175,
        "energy": 26.916394,
        "activity_lines": [
          7.769267,
          7.954673,
          7.680662,
          7.953759
        ]
      },
      {
        "date": "2025-07-11",
        "close": 8.64,
        "volume": 1296,
        "typical_volume": 4994.65,
        "trend": 8.4493,
        "fair_value": 5.852503,
        "relative_strength": 7.475485,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -0.695391,
        "energy": 6.880234,
        "activity_lines": [
          8.0406,
          8.072545,
          7.780343,
          7.959929
        ]
      },
      {
        "date": "2025-07-18",
        "close": 9.809,
        "volume": 60,
        "typical_volume": 4427.15,
        "trend": 8.453933,
        "fair_value": 5.889231,
        "relative_strength": 20.982812,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 47.088256,
        "energy": 55.448949,
        "activity_lines": [
          8.663467,
          8.375273,
          7.994,
          8.047652
        ]
      },
      {
        "date": "2025-07-25",
        "close": 9.7,
        "volume": 7241,
        "typical_volume": 4435.0,
        "trend": 8.437067,
        "fair_value": 5.92359,
        "relative_strength": 19.360343,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 55.411196,
        "energy": 76.266962,
        "activity_lines": [
          9.1186,
          8.6276,
          8.187352,
          8.128043
        ]
      },
      {
        "date": "2025-08-01",
        "close": 10.024,
        "volume": 1014,
        "typical_volume": 2548.3,
        "trend": 8.411533,
        "fair_value": 5.961029,
        "relative_strength": 23.750772,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 54.988573,
        "energy": 83.168356,
        "activity_lines": [
          9.559133,
          8.9164,
          8.4022,
          8.230426
        ]
      },
      {
        "date": "2025-08-08",
        "close": 10.068,
        "volume": 8456,
        "typical_volume": 2589.25,
        "trend": 8.4058,
        "fair_value": 5.996955,
        "relative_strength": 22.985212,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 50.534889,
        "energy": 82.195298,
        "activity_lines": [
          9.852933,
          9.1916,
          8.60671,
          8.337295
        ]
      },
      {
        "date": "2025-08-15",
        "close": 11.19,
        "volume": 4157,
        "typical_volume": 2744.1,
        "trend": 8.412,
        "fair_value": 6.043285,
        "relative_strength": 32.86948,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 93.32815,
        "energy": 96.962739,
        "activity_lines": [
          10.366867,
          9.637582,
          8.904419,
          8.51692
        ]
      },
      {
        "date": "2025-08-22",
        "close": 10.58,
        "volume": 2230,
        "typical_volume": 2815.6,
        "trend": 8.3834,
        "fair_value": 6.08667,
        "relative_strength": 22.528739,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.325079,
        "energy": 89.300893,
        "activity_lines": [
          10.507467,
          9.915891,
          9.124619,
          8.656791
        ]
      },
      {
        "date": "2025-08-29",
        "close": 10.918,
        "volume": 38274,
        "typical_volume": 4416.1,
        "trend": 8.383467,
        "fair_value": 6.131917,
        "relative_strength": 25.859307,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.693281,
        "energy": 90.410096,
        "activity_lines": [
          10.709333,
          10.2058,
          9.358214,
          8.820314
        ]
      },
      {
        "date": "2025-09-05",
        "close": 10.7,
        "volume": 2520,
        "typical_volume": 4527.3,
        "trend": 8.426167,
        "fair_value": 6.174971,
        "relative_strength": 20.279426,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.968426,
        "energy": 73.571488,
        "activity_lines": [
          10.757333,
          10.400491,
          9.547886,
          8.969768
        ]
      },
      {
        "date": "2025-09-12",
        "close": 11.312,
        "volume": 2939,
        "typical_volume": 4647.7,
        "trend": 8.4936,
        "fair_value": 6.224446,
        "relative_strength": 27.568038,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.683584,
        "energy": 71.612242,
        "activity_lines": [
          10.964267,
          10.650145,
          9.774643,
          9.155951
        ]
      },
      {
        "date": "2025-09-19",
        "close": 11.398,
        "volume": 686,
        "typical_volume": 4676.8,
        "trend": 8.567033,
        "fair_value": 6.275554,
        "relative_strength": 28.114349,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.187105,
        "energy": 70.161037,
        "activity_lines": [
          11.116933,
          10.850855,
          9.989414,
          9.343331
        ]
      },
      {
        "date": "2025-09-26",
        "close": 10.408,
        "volume": 730,
        "typical_volume": 4709.55,
        "trend": 8.656467,
        "fair_value": 6.319699,
        "relative_strength": 17.792468,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.263678,
        "energy": 61.687718,
        "activity_lines": [
          10.925733,
          10.821418,
          10.089514,
          9.462103
        ]
      },
      {
        "date": "2025-10-03",
        "close": 11.758,
        "volume": 432,
        "typical_volume": 4729.65,
        "trend": 8.7906,
        "fair_value": 6.372304,
        "relative_strength": 25.587188,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.665405,
        "energy": 66.111983,
        "activity_lines": [
          11.196,
          11.026545,
          10.307324,
          9.662202
        ]
      },
      {
        "date": "2025-10-10",
        "close": 11.37,
        "volume": 690,
        "typical_volume": 4637.2,
        "trend": 8.937167,
        "fair_value": 6.423173,
        "relative_strength": 20.505646,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.312834,
        "energy": 58.921901,
        "activity_lines": [
          11.280933,
          11.123709,
          10.472505,
          9.828615
        ]
      },
      {
        "date": "2025-10-17",
        "close": 9.781,
        "volume": 2837,
        "typical_volume": 4707.3,
        "trend": 9.0232,
        "fair_value": 6.464529,
        "relative_strength": 1.792011,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 42.652104,
        "energy": 34.043839,
        "activity_lines": [
          10.791533,
          10.907491,
          10.474286,
          9.883056
        ]
      },
      {
        "date": "2025-10-24",
        "close": 10.442,
        "volume": 467,
        "typical_volume": 4178.5,
        "trend": 9.134167,
        "fair_value": 6.508,
        "relative_strength": 8.645655,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.696266,
        "energy": 30.23256,
        "activity_lines": [
          10.624533,
          10.816673,
          10.531686,
          9.974591
        ]
      },
      {
        "date": "2025-10-31",
        "close": 10.326,
        "volume": 0,
        "typical_volume": 4051.1,
        "trend": 9.257267,
        "fair_value": 6.548955,
        "relative_strength": 9.699895,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.765069,
        "energy": 22.237185,
        "activity_lines": [
          10.4826,
          10.718364,
          10.566733,
          10.051484
        ]
      },
      {
        "date": "2025-11-07",
        "close": 9.131,
        "volume": 50,
        "typical_volume": 4021.45,
        "trend": 9.359833,
        "fair_value": 6.588696,
        "relative_strength": -3.634013,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -10.081657,
        "energy": 23.296751,
        "activity_lines": [
          9.9478,
          10.4074,
          10.476124,
          10.043338
        ]
      },
      {
        "date": "2025-11-14",
        "close": 8.68,
        "volume": 512,
        "typical_volume": 3729.55,
        "trend": 9.4409,
        "fair_value": 6.626558,
        "relative_strength": -10.553263,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -37.954894,
        "energy": 39.865015,
        "activity_lines": [
          9.4378,
          10.046927,
          10.336514,
          9.999477
        ]
      },
      {
        "date": "2025-11-21",
        "close": 7.506,
        "volume": 208,
        "typical_volume": 3739.95,
        "trend": 9.455267,
        "fair_value": 6.657333,
        "relative_strength": -22.038444,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -52.133066,
        "energy": 69.74763,
        "activity_lines": [
          8.7158,
          9.509727,
          10.079967,
          9.874645
        ]
      },
      {
        "date": "2025-11-28",
        "close": 8.395,
        "volume": 696,
        "typical_volume": 3709.95,
        "trend": 9.497867,
        "fair_value": 6.693147,
        "relative_strength": -13.570862,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -30.049265,
        "energy": 66.143634,
        "activity_lines": [
          8.4418,
          9.203364,
          9.909295,
          9.806241
        ]
      },
      {
        "date": "2025-12-05",
        "close": 8.488,
        "volume": 2404,
        "typical_volume": 3827.15,
        "trend": 9.5099,
        "fair_value": 6.729792,
        "relative_strength": -12.574537,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -28.286329,
        "energy": 63.527487,
        "activity_lines": [
          8.335267,
          8.968509,
          9.748648,
          9.741088
        ]
      },
      {
        "date": "2025-12-12",
        "close": 8.142,
        "volume": 100,
        "typical_volume": 3470.1,
        "trend": 9.4991,
        "fair_value": 6.765019,
        "relative_strength": -15.05684,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -40.881774,
        "energy": 62.744603,
        "activity_lines": [
          8.235933,
          8.705655,
          9.561338,
          9.652837
        ]
      },
      {
        "date": "2025-12-19",
        "close": 7.919,
        "volume": 1622,
        "typical_volume": 3500.5,
        "trend": 9.468533,
        "fair_value": 6.799285,
        "relative_strength": -18.644944,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -42.295919,
        "energy": 45.64307,
        "activity_lines": [
          8.1282,
          8.468,
          9.36021,
          9.550895
        ]
      },
      {
        "date": "2025-12-26",
        "close": 7.746,
        "volume": 200,
        "typical_volume": 3087.7,
        "trend": 9.452033,
        "fair_value": 6.833071,
        "relative_strength": -20.234766,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -71.307274,
        "energy": 56.581732,
        "activity_lines": [
          8.013533,
          8.261636,
          9.152629,
          9.439763
        ]
      },
      {
        "date": "2026-01-02",
        "close": 7.803,
        "volume": 1045,
        "typical_volume": 2932.1,
        "trend": 9.4432,
        "fair_value": 6.866212,
        "relative_strength": -19.075462,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.022076,
        "energy": 71.041035,
        "activity_lines": [
          7.901867,
          8.102636,
          8.961533,
          9.333374
        ]
      },
      {
        "date": "2026-01-09",
        "close": 8.289,
        "volume": 1290,
        "typical_volume": 2885.1,
        "trend": 9.458233,
        "fair_value": 6.900157,
        "relative_strength": -14.455966,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.190189,
        "energy": 57.207979,
        "activity_lines": [
          7.991667,
          8.079982,
          8.832852,
          9.25891
        ]
      },
      {
        "date": "2026-01-16",
        "close": 8.693,
        "volume": 0,
        "typical_volume": 971.4,
        "trend": 9.485967,
        "fair_value": 6.934708,
        "relative_strength": -9.582057,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.481674,
        "energy": 42.554467,
        "activity_lines": [
          8.2294,
          8.167818,
          8.753557,
          9.20954
        ]
      },
      {
        "date": "2026-01-23",
        "close": 7.948,
        "volume": 50,
        "typical_volume": 847.9,
        "trend": 9.497467,
        "fair_value": 6.963006,
        "relative_strength": -14.910454,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.123199,
        "energy": 40.880703,
        "activity_lines": [
          8.182067,
          8.128164,
          8.613905,
          9.110316
        ]
      },
      {
        "date": "2026-01-30",
        "close": 7.107,
        "volume": 1240,
        "typical_volume": 762.95,
        "trend": 9.4757,
        "fair_value": 6.98475,
        "relative_strength": -23.472588,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.548845,
        "energy": 53.836016,
        "activity_lines": [
          7.852467,
          7.948909,
          8.407262,
          8.956092
        ]
      },
      {
        "date": "2026-02-06",
        "close": 5.396,
        "volume": 588,
        "typical_volume": 758.05,
        "trend": 9.367567,
        "fair_value": 6.997449,
        "relative_strength": -42.404794,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -93.314513,
        "energy": 91.929271,
        "activity_lines": [
          6.995133,
          7.465818,
          8.05769,
          8.692886
        ]
      },
      {
        "date": "2026-02-13",
        "close": 5.604,
        "volume": 41,
        "typical_volume": 723.6,
        "trend": 9.2274,
        "fair_value": 7.00908,
        "relative_strength": -40.416445,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -88.681456,
        "energy": 95.308906,
        "activity_lines": [
          6.3676,
          7.075073,
          7.75651,
          8.450075
        ]
      },
      {
        "date": "2026-02-20",
        "close": 5.532,
        "volume": 873,
        "typical_volume": 745.65,
        "trend": 9.088467,
        "fair_value": 7.020538,
        "relative_strength": -41.778,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -82.296285,
        "energy": 93.65998,
        "activity_lines": [
          5.895067,
          6.723673,
          7.471348,
          8.211662
        ]
      },
      {
        "date": "2026-02-27",
        "close": 5.473,
        "volume": 466,
        "typical_volume": 734.45,
        "trend": 8.936767,
        "fair_value": 7.033353,
        "relative_strength": -42.707085,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.939699,
        "energy": 91.4983,
        "activity_lines": [
          5.6136,
          6.409,
          7.210214,
          7.978406
        ]
      },
      {
        "date": "2026-03-06",
        "close": 5.922,
        "volume": 306,
        "typical_volume": 607.9,
        "trend": 8.798567,
        "fair_value": 7.051603,
        "relative_strength": -33.39594,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.508637,
        "energy": 88.666495,
        "activity_lines": [
          5.6468,
          6.220436,
          7.019924,
          7.783905
        ]
      },
      {
        "date": "2026-03-13",
        "close": 6.15,
        "volume": 2624,
        "typical_volume": 715.75,
        "trend": 8.630567,
        "fair_value": 7.067279,
        "relative_strength": -29.329222,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.668398,
        "energy": 75.607174,
        "activity_lines": [
          5.835,
          6.106491,
          6.869724,
          7.61303
        ]
      },
      {
        "date": "2026-03-20",
        "close": 5.925,
        "volume": 0,
        "typical_volume": 715.75,
        "trend": 8.4754,
        "fair_value": 7.080901,
        "relative_strength": -28.910031,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.21979,
        "energy": 63.992198,
        "activity_lines": [
          5.897933,
          5.981691,
          6.718533,
          7.438477
        ]
      },
      {
        "date": "2026-03-27",
        "close": 5.688,
        "volume": 22,
        "typical_volume": 714.35,
        "trend": 8.301067,
        "fair_value": 7.092494,
        "relative_strength": -32.913463,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.036301,
        "energy": 59.699452,
        "activity_lines": [
          5.860467,
          5.856782,
          6.565729,
          7.258645
        ]
      },
      {
        "date": "2026-04-03",
        "close": 5.672,
        "volume": 118,
        "typical_volume": 694.65,
        "trend": 8.133467,
        "fair_value": 7.104051,
        "relative_strength": -34.978134,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.887542,
        "energy": 57.63432,
        "activity_lines": [
          5.807267,
          5.7836,
          6.427795,
          7.089028
        ]
      },
      {
        "date": "2026-04-10",
        "close": 6.004,
        "volume": 117,
        "typical_volume": 690.1,
        "trend": 7.956533,
        "fair_value": 7.115436,
        "relative_strength": -32.06145,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.393302,
        "energy": 54.138491,
        "activity_lines": [
          5.851467,
          5.812164,
          6.335805,
          6.951643
        ]
      },
      {
        "date": "2026-04-17",
        "close": 6.184,
        "volume": 27,
        "typical_volume": 656.65,
        "trend": 7.782733,
        "fair_value": 7.130474,
        "relative_strength": -31.144769,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.434498,
        "energy": 47.959507,
        "activity_lines": [
          5.9502,
          5.893509,
          6.26811,
          6.837286
        ]
      },
      {
        "date": "2026-04-24",
        "close": 6.285,
        "volume": 0,
        "typical_volume": 536.45,
        "trend": 7.6453,
        "fair_value": 7.146131,
        "relative_strength": -28.417363,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.449863,
        "energy": 38.439557,
        "activity_lines": [
          6.080333,
          5.978891,
          6.220562,
          6.740658
        ]
      },
      {
        "date": "2026-05-01",
        "close": 6.105,
        "volume": 345,
        "typical_volume": 548.7,
        "trend": 7.456867,
        "fair_value": 7.160423,
        "relative_strength": -30.05636,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.811819,
        "energy": 30.557794,
        "activity_lines": [
          6.126467,
          6.019164,
          6.166362,
          6.641284
        ]
      },
      {
        "date": "2026-05-08",
        "close": 6.283,
        "volume": 175,
        "typical_volume": 476.35,
        "trend": 7.2873,
        "fair_value": 7.178167,
        "relative_strength": -27.416285,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.686314,
        "energy": 27.814527,
        "activity_lines": [
          6.204133,
          6.081382,
          6.138814,
          6.565551
        ]
      },
      {
        "date": "2026-05-15",
        "close": 6.338,
        "volume": 554,
        "typical_volume": 494.05,
        "trend": 7.172533,
        "fair_value": 7.19566,
        "relative_strength": -27.003369,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -23.354464,
        "energy": 20.916857,
        "activity_lines": [
          6.2594,
          6.138873,
          6.124295,
          6.504305
        ]
      },
      {
        "date": "2026-05-22",
        "close": 6.155,
        "volume": 5917,
        "typical_volume": 737.65,
        "trend": 7.029633,
        "fair_value": 7.212006,
        "relative_strength": -30.046922,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "down",
        "direction": -23.267529,
        "energy": 19.86482,
        "activity_lines": [
          6.2314,
          6.155527,
          6.099052,
          6.438658
        ]
      },
      {
        "date": "2026-05-29",
        "close": 5.876,
        "volume": 1,
        "typical_volume": 673.2,
        "trend": 6.8813,
        "fair_value": 7.225763,
        "relative_strength": -32.937138,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "down",
        "direction": -50.295395,
        "energy": 33.774988,
        "activity_lines": [
          6.112333,
          6.121364,
          6.055086,
          6.36423
        ]
      },
      {
        "date": "2026-06-05",
        "close": 5.095,
        "volume": 94,
        "typical_volume": 677.9,
        "trend": 6.746767,
        "fair_value": 7.236003,
        "relative_strength": -40.700775,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -85.924185,
        "energy": 62.044478,
        "activity_lines": [
          5.7602,
          5.946091,
          5.948229,
          6.248985
        ]
      },
      {
        "date": "2026-06-12",
        "close": 5.178,
        "volume": 0,
        "typical_volume": 675.4,
        "trend": 6.630033,
        "fair_value": 7.24974,
        "relative_strength": -40.664906,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -85.000008,
        "energy": 91.162774,
        "activity_lines": [
          5.503067,
          5.796691,
          5.86641,
          6.147774
        ]
      },
      {
        "date": "2026-06-19",
        "close": 5.248,
        "volume": 0,
        "typical_volume": 613.4,
        "trend": 6.554767,
        "fair_value": 7.260596,
        "relative_strength": -39.638227,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.491396,
        "energy": 90.408148,
        "activity_lines": [
          5.342933,
          5.669,
          5.804448,
          6.058611
        ]
      },
      {
        "date": "2026-06-26",
        "close": 5.066,
        "volume": 0,
        "typical_volume": 584.0,
        "trend": 6.4438,
        "fair_value": 7.270782,
        "relative_strength": -42.888424,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -79.472003,
        "energy": 92.502549,
        "activity_lines": [
          5.1948,
          5.521964,
          5.734005,
          5.962561
        ]
      },
      {
        "date": "2026-07-03",
        "close": 5.281,
        "volume": 0,
        "typical_volume": 581.95,
        "trend": 6.3369,
        "fair_value": 7.281641,
        "relative_strength": -40.991437,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.913734,
        "energy": 87.491916,
        "activity_lines": [
          5.190933,
          5.434345,
          5.68561,
          5.887542
        ]
      },
      {
        "date": "2026-07-10",
        "close": 5.399,
        "volume": 6,
        "typical_volume": 538.6,
        "trend": 6.245467,
        "fair_value": 7.291551,
        "relative_strength": -38.211573,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.621322,
        "energy": 68.979422,
        "activity_lines": [
          5.266067,
          5.386436,
          5.64999,
          5.827032
        ]
      },
      {
        "date": "2026-07-17",
        "close": 5.349,
        "volume": 200,
        "typical_volume": 525.3,
        "trend": 6.1598,
        "fair_value": 7.30267,
        "relative_strength": -38.387057,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.630693,
        "energy": 57.530974,
        "activity_lines": [
          5.304267,
          5.342273,
          5.610243,
          5.769196
        ]
      },
      {
        "date": "2026-07-24",
        "close": 5.479,
        "volume": 9,
        "typical_volume": 510.45,
        "trend": 6.084233,
        "fair_value": 7.314987,
        "relative_strength": -35.944028,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -47.625424,
        "energy": 41.027756,
        "activity_lines": [
          5.3744,
          5.338727,
          5.583467,
          5.725273
        ]
      },
      {
        "date": "2026-07-31",
        "close": 5.382,
        "volume": 8,
        "typical_volume": 379.65,
        "trend": 6.003533,
        "fair_value": 7.327263,
        "relative_strength": -36.191499,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -43.707999,
        "energy": 34.473533,
        "activity_lines": [
          5.3968,
          5.333164,
          5.549562,
          5.679968
        ]
      },
      {
        "date": "2026-08-07",
        "close": 5.523,
        "volume": 4012,
        "typical_volume": 580.25,
        "trend": 5.911333,
        "fair_value": 7.340179,
        "relative_strength": -34.409129,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.644347,
        "energy": 28.420603,
        "activity_lines": [
          5.445133,
          5.367291,
          5.532743,
          5.648966
        ]
      }
    ],
    "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."
    }
  }
}