{
  "ticker": {
    "uuid": "071eae48-d14b-46c8-a589-cc7f2fca4c80",
    "symbol": "6202",
    "name": "Holtek Semiconductor Inc.",
    "exchange": "TAI",
    "country": "TW",
    "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": "2026-08-14",
    "benchmark": "^TWII",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 25.294,
    "architecture_energy": 18.671,
    "architecture_maturity": 74.917,
    "architecture_confidence": 75.317,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 46.88,
        "rotation_up": 25.03,
        "upward_expansion": 50.5,
        "deceleration": 87.51,
        "rotation_down": 37.78,
        "downward_expansion": 25.5
      },
      "activity_lines": [
        57.457898,
        59.756363,
        59.222529,
        57.768981
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 60.400002,
    "trend_reference": 55.276191,
    "distance_from_trend": 0.092695,
    "trend_direction": "Improving",
    "fair_value": 51.669444,
    "distance_from_fair_value": 0.168969,
    "fair_value_direction": "Improving",
    "relative_strength": -7.887539,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.315748,
    "excess_performance": -0.125624,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.092695,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.167398,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.168969,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.154752,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.078875,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.101797,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.315748,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.935708,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 14152959,
      "relative_activity": 0.574616,
      "balance": 0.935708,
      "dry_up": 0.721728,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.155167,
      "annualized_volatility": 0.695264,
      "from_high_reference": -0.246288,
      "from_low_reference": 0.705327
    },
    "levels": {
      "trend_reference": 55.276191,
      "fair_value_reference": 51.669444,
      "structural_low": 43.481569,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 10,
        "median_return": -0.029348,
        "positive_rate": 0.1,
        "directional_follow_through": 0.1,
        "median_excess_return": -0.046644,
        "regime_survival": 0.7,
        "best_return": 0.218182,
        "worst_return": -0.202985,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.066489,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.136867,
        "regime_survival": 0.333333,
        "best_return": 0.076106,
        "worst_return": -0.167495,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.165461,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.212861,
        "regime_survival": 0.0,
        "best_return": -0.095621,
        "worst_return": -0.235301,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.247212,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.271497,
        "regime_survival": 0.0,
        "best_return": -0.153648,
        "worst_return": -0.340777,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-05-24",
        "end": "2024-07-05",
        "tenure": "Developing",
        "return": 0.049342,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-07-12",
        "end": "2024-07-26",
        "tenure": "New",
        "return": -0.119685,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-08-02",
        "end": "2024-08-09",
        "tenure": "New",
        "return": -0.069033,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-16",
        "end": "2024-10-25",
        "tenure": "Developing",
        "return": 0.172065,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-01",
        "end": "2024-12-13",
        "tenure": "Developing",
        "return": -0.116667,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-20",
        "end": "2025-02-21",
        "tenure": "Developing",
        "return": 0.129412,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-28",
        "end": "2025-04-04",
        "tenure": "Developing",
        "return": -0.118908,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-10-03",
        "tenure": "Established",
        "return": 0.141854,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-10",
        "end": "2025-11-14",
        "tenure": "Developing",
        "return": -0.076364,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-21",
        "end": "2026-01-16",
        "tenure": "Developing",
        "return": 0.059066,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-01-23",
        "end": "2026-02-06",
        "tenure": "New",
        "return": 0.054546,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-02-13",
        "end": "2026-04-03",
        "tenure": "Developing",
        "return": -0.19823,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-04-10",
        "end": "2026-05-01",
        "tenure": "New",
        "return": 0.098278,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-08",
        "end": "2026-08-14",
        "tenure": "Established",
        "return": 0.105991,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-11",
        "close": 61.43243,
        "volume": 4235679,
        "typical_volume": 4588410.65,
        "trend": 65.702921,
        "fair_value": 73.154388,
        "relative_strength": -13.307995,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.457363,
        "energy": 34.527849,
        "activity_lines": [
          63.256062,
          63.629497,
          63.973147,
          64.753868
        ]
      },
      {
        "date": "2023-08-18",
        "close": 61.462048,
        "volume": 4753704,
        "typical_volume": 4584701.75,
        "trend": 65.624086,
        "fair_value": 73.197817,
        "relative_strength": -11.814055,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.500337,
        "energy": 57.06257,
        "activity_lines": [
          62.516834,
          63.144226,
          63.680801,
          64.480264
        ]
      },
      {
        "date": "2023-08-25",
        "close": 59.403507,
        "volume": 3227306,
        "typical_volume": 4682009.0,
        "trend": 65.449002,
        "fair_value": 73.226111,
        "relative_strength": -14.936845,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.051667,
        "energy": 76.047024,
        "activity_lines": [
          61.212254,
          62.374565,
          63.22384,
          64.078936
        ]
      },
      {
        "date": "2023-09-01",
        "close": 62.638355,
        "volume": 3374284,
        "typical_volume": 4705158.05,
        "trend": 65.182191,
        "fair_value": 73.283613,
        "relative_strength": -10.89062,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.56275,
        "energy": 64.581048,
        "activity_lines": [
          61.428226,
          62.313677,
          63.118392,
          63.897604
        ]
      },
      {
        "date": "2023-09-08",
        "close": 62.540325,
        "volume": 5540221,
        "typical_volume": 4770519.7,
        "trend": 64.939743,
        "fair_value": 73.355891,
        "relative_strength": -10.334855,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.988044,
        "energy": 49.293464,
        "activity_lines": [
          61.721473,
          62.269975,
          63.031637,
          63.727161
        ]
      },
      {
        "date": "2023-09-15",
        "close": 62.442303,
        "volume": 2930464,
        "typical_volume": 4670389.7,
        "trend": 64.727799,
        "fair_value": 73.427027,
        "relative_strength": -11.973201,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.371428,
        "energy": 33.643217,
        "activity_lines": [
          62.037129,
          62.215101,
          62.944744,
          63.566036
        ]
      },
      {
        "date": "2023-09-22",
        "close": 62.24625,
        "volume": 3098003,
        "typical_volume": 4692912.5,
        "trend": 64.52774,
        "fair_value": 73.498447,
        "relative_strength": -8.882807,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.739575,
        "energy": 18.484029,
        "activity_lines": [
          62.22011,
          62.134688,
          62.843142,
          63.405936
        ]
      },
      {
        "date": "2023-09-29",
        "close": 60.677845,
        "volume": 1757752,
        "typical_volume": 4656075.25,
        "trend": 64.24163,
        "fair_value": 73.556732,
        "relative_strength": -10.864448,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.9951,
        "energy": 27.002455,
        "activity_lines": [
          61.828009,
          61.787806,
          62.595749,
          63.157556
        ]
      },
      {
        "date": "2023-10-06",
        "close": 60.579815,
        "volume": 2062147,
        "typical_volume": 4587079.75,
        "trend": 63.943042,
        "fair_value": 73.603606,
        "relative_strength": -11.538353,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.374998,
        "energy": 34.765235,
        "activity_lines": [
          61.318276,
          61.520549,
          62.345683,
          62.92131
        ]
      },
      {
        "date": "2023-10-13",
        "close": 60.87389,
        "volume": 2399506,
        "typical_volume": 4352727.25,
        "trend": 63.78013,
        "fair_value": 73.669823,
        "relative_strength": -12.14495,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.815083,
        "energy": 37.655183,
        "activity_lines": [
          61.043803,
          61.374176,
          62.13514,
          62.7233
        ]
      },
      {
        "date": "2023-10-20",
        "close": 63.520584,
        "volume": 10261029,
        "typical_volume": 4458470.15,
        "trend": 63.567287,
        "fair_value": 73.745817,
        "relative_strength": -6.169731,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -29.856693,
        "energy": 20.584475,
        "activity_lines": [
          61.762658,
          61.75434,
          62.190287,
          62.706555
        ]
      },
      {
        "date": "2023-10-27",
        "close": 60.775867,
        "volume": 9332728,
        "typical_volume": 4505673.95,
        "trend": 63.324355,
        "fair_value": 73.790867,
        "relative_strength": -8.09926,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.306224,
        "energy": 27.903277,
        "activity_lines": [
          61.494721,
          61.5975,
          61.98944,
          62.526463
        ]
      },
      {
        "date": "2023-11-03",
        "close": 60.677845,
        "volume": 5834284,
        "typical_volume": 4480849.9,
        "trend": 63.062805,
        "fair_value": 73.839396,
        "relative_strength": -9.843758,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.916363,
        "energy": 26.268705,
        "activity_lines": [
          61.292136,
          61.435312,
          61.806067,
          62.355721
        ]
      },
      {
        "date": "2023-11-10",
        "close": 62.93243,
        "volume": 11206276,
        "typical_volume": 4936694.3,
        "trend": 62.876409,
        "fair_value": 73.895703,
        "relative_strength": -7.082993,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -26.120366,
        "energy": 12.72441,
        "activity_lines": [
          61.841079,
          61.65988,
          61.862939,
          62.347309
        ]
      },
      {
        "date": "2023-11-17",
        "close": 65.383064,
        "volume": 10341095,
        "typical_volume": 5217621.85,
        "trend": 62.906784,
        "fair_value": 73.952828,
        "relative_strength": -6.059513,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 23.112354,
        "energy": 15.727077,
        "activity_lines": [
          63.05006,
          62.324671,
          62.160974,
          62.509029
        ]
      },
      {
        "date": "2023-11-24",
        "close": 66.265305,
        "volume": 10036367,
        "typical_volume": 5540299.3,
        "trend": 63.006477,
        "fair_value": 74.021257,
        "relative_strength": -4.875649,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 32.146098,
        "energy": 39.761571,
        "activity_lines": [
          64.252509,
          63.098183,
          62.531236,
          62.725708
        ]
      },
      {
        "date": "2023-12-01",
        "close": 67.539635,
        "volume": 10253871,
        "typical_volume": 5913364.15,
        "trend": 63.157859,
        "fair_value": 74.097854,
        "relative_strength": -3.651811,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 37.502586,
        "energy": 58.723264,
        "activity_lines": [
          65.696753,
          64.033882,
          63.007306,
          63.01817
        ]
      },
      {
        "date": "2023-12-08",
        "close": 64.696892,
        "volume": 9422573,
        "typical_volume": 5971457.95,
        "trend": 63.245184,
        "fair_value": 74.141338,
        "relative_strength": -7.081936,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 31.681489,
        "energy": 55.668671,
        "activity_lines": [
          65.742498,
          64.356475,
          63.192327,
          63.117462
        ]
      },
      {
        "date": "2023-12-15",
        "close": 63.618614,
        "volume": 7427108,
        "typical_volume": 6095209.5,
        "trend": 63.265865,
        "fair_value": 74.176883,
        "relative_strength": -9.781146,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 29.867205,
        "energy": 44.628603,
        "activity_lines": [
          65.160881,
          64.409945,
          63.28104,
          63.141554
        ]
      },
      {
        "date": "2023-12-22",
        "close": 63.520584,
        "volume": 2845870,
        "typical_volume": 6017013.35,
        "trend": 63.258718,
        "fair_value": 74.206665,
        "relative_strength": -9.204123,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 23.752461,
        "energy": 20.202731,
        "activity_lines": [
          64.500842,
          64.390339,
          63.363603,
          63.157988
        ]
      },
      {
        "date": "2023-12-29",
        "close": 65.383064,
        "volume": 4537071,
        "typical_volume": 6032082.95,
        "trend": 63.282953,
        "fair_value": 74.255575,
        "relative_strength": -7.964873,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 44.761367,
        "energy": 21.158179,
        "activity_lines": [
          64.585794,
          64.661245,
          63.622811,
          63.295042
        ]
      },
      {
        "date": "2024-01-05",
        "close": 63.618614,
        "volume": 2345946,
        "typical_volume": 5911695.05,
        "trend": 63.190041,
        "fair_value": 74.295228,
        "relative_strength": -7.981748,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 34.056024,
        "energy": 17.749602,
        "activity_lines": [
          64.141413,
          64.577479,
          63.695163,
          63.316698
        ]
      },
      {
        "date": "2024-01-12",
        "close": 60.971916,
        "volume": 3809175,
        "typical_volume": 5940788.5,
        "trend": 63.021187,
        "fair_value": 74.318942,
        "relative_strength": -11.349999,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 9.436057,
        "energy": 11.865666,
        "activity_lines": [
          63.076201,
          63.960808,
          63.50518,
          63.173593
        ]
      },
      {
        "date": "2024-01-19",
        "close": 59.893635,
        "volume": 2749791,
        "typical_volume": 5909563.85,
        "trend": 62.86551,
        "fair_value": 74.330095,
        "relative_strength": -13.358989,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -25.998565,
        "energy": 24.045001,
        "activity_lines": [
          61.899893,
          63.14274,
          63.205035,
          62.971816
        ]
      },
      {
        "date": "2024-01-26",
        "close": 60.089687,
        "volume": 2528174,
        "typical_volume": 5758961.5,
        "trend": 62.771631,
        "fair_value": 74.344559,
        "relative_strength": -14.171615,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -26.466999,
        "energy": 41.786078,
        "activity_lines": [
          61.037268,
          62.415568,
          62.936631,
          62.79273
        ]
      },
      {
        "date": "2024-02-02",
        "close": 59.795609,
        "volume": 4595311,
        "typical_volume": 5842203.85,
        "trend": 62.664878,
        "fair_value": 74.359706,
        "relative_strength": -14.383706,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -54.271447,
        "energy": 61.249901,
        "activity_lines": [
          60.305343,
          61.73117,
          62.65189,
          62.600729
        ]
      },
      {
        "date": "2024-02-09",
        "close": 59.011406,
        "volume": 1221845,
        "typical_volume": 5748395.95,
        "trend": 62.522776,
        "fair_value": 74.369312,
        "relative_strength": -15.161403,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.955378,
        "energy": 72.975835,
        "activity_lines": [
          59.684514,
          61.021821,
          62.305066,
          62.365021
        ]
      },
      {
        "date": "2024-02-16",
        "close": 59.795609,
        "volume": 1659788,
        "typical_volume": 5743497.75,
        "trend": 62.314711,
        "fair_value": 74.387025,
        "relative_strength": -15.877551,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.667136,
        "energy": 67.548992,
        "activity_lines": [
          59.632234,
          60.610114,
          62.048332,
          62.189075
        ]
      },
      {
        "date": "2024-02-23",
        "close": 59.991665,
        "volume": 4370421,
        "typical_volume": 5858911.45,
        "trend": 62.171513,
        "fair_value": 74.348487,
        "relative_strength": -16.345139,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.050626,
        "energy": 57.681889,
        "activity_lines": [
          59.723726,
          60.323166,
          61.814471,
          62.039201
        ]
      },
      {
        "date": "2024-03-01",
        "close": 58.619301,
        "volume": 3572684,
        "typical_volume": 5917570.35,
        "trend": 62.01327,
        "fair_value": 74.270344,
        "relative_strength": -17.902612,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.800086,
        "energy": 59.95207,
        "activity_lines": [
          59.351228,
          59.852643,
          61.45271,
          61.810026
        ]
      },
      {
        "date": "2024-03-08",
        "close": 55.090382,
        "volume": 8192168,
        "typical_volume": 5814127.3,
        "trend": 61.801868,
        "fair_value": 74.173686,
        "relative_strength": -25.513582,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -86.516187,
        "energy": 78.176066,
        "activity_lines": [
          57.900449,
          58.829613,
          60.765597,
          61.363388
        ]
      },
      {
        "date": "2024-03-15",
        "close": 51.953564,
        "volume": 6115110,
        "typical_volume": 5653246.4,
        "trend": 61.484919,
        "fair_value": 74.069245,
        "relative_strength": -28.795892,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -91.343046,
        "energy": 92.465713,
        "activity_lines": [
          55.717746,
          57.423391,
          59.819884,
          60.728013
        ]
      },
      {
        "date": "2024-03-22",
        "close": 53.619999,
        "volume": 4629461,
        "typical_volume": 5593005.25,
        "trend": 61.292135,
        "fair_value": 73.970864,
        "relative_strength": -27.843304,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.596681,
        "energy": 89.80665,
        "activity_lines": [
          54.561044,
          56.53225,
          59.074889,
          60.220599
        ]
      },
      {
        "date": "2024-03-29",
        "close": 52.737766,
        "volume": 3391916,
        "typical_volume": 5202287.25,
        "trend": 60.962115,
        "fair_value": 73.850397,
        "relative_strength": -28.629714,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.141532,
        "energy": 90.739116,
        "activity_lines": [
          53.521972,
          55.614373,
          58.279481,
          59.668705
        ]
      },
      {
        "date": "2024-04-05",
        "close": 57.835098,
        "volume": 10675457,
        "typical_volume": 5219005.35,
        "trend": 60.805275,
        "fair_value": 73.756957,
        "relative_strength": -21.280852,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.882104,
        "energy": 67.026788,
        "activity_lines": [
          54.665604,
          55.753391,
          58.01808,
          59.466961
        ]
      },
      {
        "date": "2024-04-12",
        "close": 57.835098,
        "volume": 6697883,
        "typical_volume": 5052081.15,
        "trend": 60.651701,
        "fair_value": 73.642464,
        "relative_strength": -22.168655,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.489584,
        "energy": 44.993094,
        "activity_lines": [
          55.861516,
          55.933402,
          57.792621,
          59.275337
        ]
      },
      {
        "date": "2024-04-19",
        "close": 55.874588,
        "volume": 7574839,
        "typical_volume": 4918129.55,
        "trend": 60.439312,
        "fair_value": 73.508729,
        "relative_strength": -19.601543,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.348093,
        "energy": 30.969565,
        "activity_lines": [
          56.220944,
          55.792602,
          57.42059,
          58.967136
        ]
      },
      {
        "date": "2024-04-26",
        "close": 57.148918,
        "volume": 7710974,
        "typical_volume": 4832549.6,
        "trend": 60.321681,
        "fair_value": 73.384704,
        "relative_strength": -19.66298,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.528217,
        "energy": 25.610847,
        "activity_lines": [
          56.743747,
          55.940531,
          57.225473,
          58.754853
        ]
      },
      {
        "date": "2024-05-03",
        "close": 57.737076,
        "volume": 8850638,
        "typical_volume": 4903726.1,
        "trend": 60.226923,
        "fair_value": 73.247504,
        "relative_strength": -19.149741,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -33.218487,
        "energy": 22.112907,
        "activity_lines": [
          57.227341,
          56.24352,
          57.122313,
          58.588104
        ]
      },
      {
        "date": "2024-05-10",
        "close": 56.854843,
        "volume": 5781692,
        "typical_volume": 5050517.2,
        "trend": 60.092955,
        "fair_value": 73.08565,
        "relative_strength": -21.297916,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.224494,
        "energy": 16.99834,
        "activity_lines": [
          57.08357,
          56.427095,
          56.963138,
          58.37055
        ]
      },
      {
        "date": "2024-05-17",
        "close": 58.325226,
        "volume": 3206826,
        "typical_volume": 4984004.95,
        "trend": 59.919777,
        "fair_value": 72.961463,
        "relative_strength": -20.847641,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -26.074693,
        "energy": 15.929128,
        "activity_lines": [
          57.495277,
          56.910094,
          56.975741,
          58.256503
        ]
      },
      {
        "date": "2024-05-24",
        "close": 59.59956,
        "volume": 8387290,
        "typical_volume": 5286072.15,
        "trend": 59.880566,
        "fair_value": 72.894224,
        "relative_strength": -19.780571,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -1.733758,
        "energy": 9.670953,
        "activity_lines": [
          58.299087,
          57.565974,
          57.143318,
          58.235844
        ]
      },
      {
        "date": "2024-05-31",
        "close": 59.59956,
        "volume": 6350687,
        "typical_volume": 5413147.75,
        "trend": 59.844624,
        "fair_value": 72.817743,
        "relative_strength": -17.814675,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -1.244345,
        "energy": 11.94968,
        "activity_lines": [
          58.854565,
          58.082836,
          57.330034,
          58.217715
        ]
      },
      {
        "date": "2024-06-07",
        "close": 58.619301,
        "volume": 3338511,
        "typical_volume": 5442583.75,
        "trend": 59.700853,
        "fair_value": 72.707764,
        "relative_strength": -21.142664,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -4.846055,
        "energy": 15.236615,
        "activity_lines": [
          58.919915,
          58.312751,
          57.429926,
          58.138662
        ]
      },
      {
        "date": "2024-06-14",
        "close": 59.207458,
        "volume": 2491698,
        "typical_volume": 5440759.95,
        "trend": 59.494999,
        "fair_value": 72.59642,
        "relative_strength": -22.115416,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -1.744481,
        "energy": 18.560102,
        "activity_lines": [
          59.122501,
          58.542665,
          57.591902,
          58.10683
        ]
      },
      {
        "date": "2024-06-21",
        "close": 59.305481,
        "volume": 4965943,
        "typical_volume": 5459291.55,
        "trend": 59.263005,
        "fair_value": 72.437439,
        "relative_strength": -23.977641,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -1.294631,
        "energy": 16.754924,
        "activity_lines": [
          59.200921,
          58.76545,
          57.767414,
          58.094603
        ]
      },
      {
        "date": "2024-06-28",
        "close": 58.815357,
        "volume": 3487310,
        "typical_volume": 5572564.8,
        "trend": 58.972196,
        "fair_value": 72.270181,
        "relative_strength": -23.370192,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 12.624036,
        "energy": 11.342546,
        "activity_lines": [
          59.050616,
          58.872388,
          57.898582,
          58.065722
        ]
      },
      {
        "date": "2024-07-05",
        "close": 62.540325,
        "volume": 9761042,
        "typical_volume": 5977627.5,
        "trend": 58.90031,
        "fair_value": 72.15761,
        "relative_strength": -19.809819,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 44.702207,
        "energy": 38.167801,
        "activity_lines": [
          60.194248,
          59.603124,
          58.385442,
          58.295924
        ]
      },
      {
        "date": "2024-07-12",
        "close": 62.24625,
        "volume": 11167095,
        "typical_volume": 6317461.2,
        "trend": 58.854565,
        "fair_value": 72.044693,
        "relative_strength": -20.903136,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 39.543665,
        "energy": 46.134478,
        "activity_lines": [
          61.043803,
          60.182366,
          58.831225,
          58.511791
        ]
      },
      {
        "date": "2024-07-19",
        "close": 58.815357,
        "volume": 4946145,
        "typical_volume": 6386134.25,
        "trend": 58.697724,
        "fair_value": 71.880003,
        "relative_strength": -21.237925,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 27.750357,
        "energy": 34.512215,
        "activity_lines": [
          60.50793,
          60.055824,
          58.93952,
          58.509262
        ]
      },
      {
        "date": "2024-07-26",
        "close": 54.796307,
        "volume": 2906357,
        "typical_volume": 6121843.7,
        "trend": 58.344832,
        "fair_value": 71.525238,
        "relative_strength": -23.573481,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": -15.734268,
        "energy": 10.409912,
        "activity_lines": [
          58.658515,
          59.1629,
          58.664115,
          58.257558
        ]
      },
      {
        "date": "2024-08-02",
        "close": 49.698975,
        "volume": 6061016,
        "typical_volume": 6119139.0,
        "trend": 57.880844,
        "fair_value": 71.171174,
        "relative_strength": -28.520309,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "mixed",
        "direction": -49.943697,
        "energy": 43.482067,
        "activity_lines": [
          55.4106,
          57.407351,
          57.90465,
          57.69976
        ]
      },
      {
        "date": "2024-08-09",
        "close": 46.268082,
        "volume": 6960216,
        "typical_volume": 6235676.75,
        "trend": 57.390716,
        "fair_value": 70.777146,
        "relative_strength": -32.304597,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -84.745059,
        "energy": 82.039949,
        "activity_lines": [
          51.626813,
          55.208014,
          56.82917,
          56.95055
        ]
      },
      {
        "date": "2024-08-16",
        "close": 48.873482,
        "volume": 2061150,
        "typical_volume": 6169138.45,
        "trend": 57.023378,
        "fair_value": 70.381847,
        "relative_strength": -30.653602,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.040436,
        "energy": 83.365571,
        "activity_lines": [
          49.796309,
          53.724776,
          56.036832,
          56.401051
        ]
      },
      {
        "date": "2024-08-23",
        "close": 49.17028,
        "volume": 1435752,
        "typical_volume": 5707153.2,
        "trend": 56.659397,
        "fair_value": 70.056082,
        "relative_strength": -29.030715,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.951314,
        "energy": 83.860384,
        "activity_lines": [
          48.956255,
          52.472698,
          55.291162,
          55.894399
        ]
      },
      {
        "date": "2024-08-30",
        "close": 49.368153,
        "volume": 1366362,
        "typical_volume": 5440577.15,
        "trend": 56.311816,
        "fair_value": 69.723607,
        "relative_strength": -28.416491,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.505414,
        "energy": 81.761486,
        "activity_lines": [
          48.825165,
          51.439092,
          54.605598,
          55.423997
        ]
      },
      {
        "date": "2024-09-06",
        "close": 45.905457,
        "volume": 2728028,
        "typical_volume": 5198236.6,
        "trend": 55.874951,
        "fair_value": 69.350318,
        "relative_strength": -30.143357,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.591908,
        "energy": 76.704751,
        "activity_lines": [
          47.901719,
          49.956583,
          53.630572,
          54.752619
        ]
      },
      {
        "date": "2024-09-13",
        "close": 46.053856,
        "volume": 1797268,
        "typical_volume": 4902551.3,
        "trend": 55.416892,
        "fair_value": 68.956704,
        "relative_strength": -30.274203,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.757306,
        "energy": 62.498865,
        "activity_lines": [
          47.280641,
          48.735781,
          52.717151,
          54.119
        ]
      },
      {
        "date": "2024-09-20",
        "close": 46.004387,
        "volume": 1911699,
        "typical_volume": 4555604.35,
        "trend": 54.95065,
        "fair_value": 68.634581,
        "relative_strength": -30.846683,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.269857,
        "energy": 59.569973,
        "activity_lines": [
          46.657354,
          47.805738,
          51.851853,
          53.511741
        ]
      },
      {
        "date": "2024-09-27",
        "close": 54.809532,
        "volume": 11825690,
        "typical_volume": 4857804.25,
        "trend": 54.823657,
        "fair_value": 68.358263,
        "relative_strength": -19.329276,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -39.257139,
        "energy": 35.074155,
        "activity_lines": [
          49.16039,
          48.771938,
          51.88101,
          53.502637
        ]
      },
      {
        "date": "2024-10-04",
        "close": 52.632977,
        "volume": 5892861,
        "typical_volume": 4992106.0,
        "trend": 54.741744,
        "fair_value": 68.073311,
        "relative_strength": -20.051339,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -39.961992,
        "energy": 24.545159,
        "activity_lines": [
          50.561956,
          49.415234,
          51.712615,
          53.361303
        ]
      },
      {
        "date": "2024-10-11",
        "close": 52.039371,
        "volume": 3871334,
        "typical_volume": 4766308.2,
        "trend": 54.744604,
        "fair_value": 67.832428,
        "relative_strength": -22.334715,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -33.172981,
        "energy": 24.578216,
        "activity_lines": [
          51.547999,
          49.989934,
          51.514793,
          53.186956
        ]
      },
      {
        "date": "2024-10-18",
        "close": 53.226582,
        "volume": 7727101,
        "typical_volume": 4835128.9,
        "trend": 54.73149,
        "fair_value": 67.583197,
        "relative_strength": -21.721656,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -22.720219,
        "energy": 25.901973,
        "activity_lines": [
          52.520852,
          50.737939,
          51.466039,
          53.089019
        ]
      },
      {
        "date": "2024-10-25",
        "close": 57.282883,
        "volume": 14123246,
        "typical_volume": 5374365.65,
        "trend": 54.882994,
        "fair_value": 67.362627,
        "relative_strength": -14.509461,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 8.518623,
        "energy": 21.056425,
        "activity_lines": [
          54.367623,
          52.096934,
          51.833947,
          53.253625
        ]
      },
      {
        "date": "2024-11-01",
        "close": 53.42445,
        "volume": 4765096,
        "typical_volume": 5488035.55,
        "trend": 54.735972,
        "fair_value": 67.08275,
        "relative_strength": -17.543376,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -4.790665,
        "energy": 17.958271,
        "activity_lines": [
          54.17635,
          52.601498,
          51.840749,
          53.159525
        ]
      },
      {
        "date": "2024-11-08",
        "close": 53.42445,
        "volume": 6431264,
        "typical_volume": 5561301.6,
        "trend": 54.588951,
        "fair_value": 66.87734,
        "relative_strength": -19.432926,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -5.448151,
        "energy": 17.476019,
        "activity_lines": [
          54.077416,
          53.028714,
          51.875089,
          53.074911
        ]
      },
      {
        "date": "2024-11-15",
        "close": 50.159622,
        "volume": 5125764,
        "typical_volume": 5643224.3,
        "trend": 54.398452,
        "fair_value": 66.640364,
        "relative_strength": -20.796323,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -20.595123,
        "energy": 14.057106,
        "activity_lines": [
          52.837441,
          52.788573,
          51.626498,
          52.789148
        ]
      },
      {
        "date": "2024-11-22",
        "close": 52.23724,
        "volume": 4558328,
        "typical_volume": 5383088.6,
        "trend": 54.234729,
        "fair_value": 66.408727,
        "relative_strength": -17.209845,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -25.265088,
        "energy": 15.154435,
        "activity_lines": [
          52.415321,
          52.848833,
          51.616994,
          52.649715
        ]
      },
      {
        "date": "2024-11-29",
        "close": 50.060688,
        "volume": 7871529,
        "typical_volume": 5218310.3,
        "trend": 53.97885,
        "fair_value": 66.147181,
        "relative_strength": -17.435814,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -39.024217,
        "energy": 23.047086,
        "activity_lines": [
          51.333641,
          52.400931,
          51.449261,
          52.380422
        ]
      },
      {
        "date": "2024-12-06",
        "close": 50.060688,
        "volume": 2796943,
        "typical_volume": 5110850.2,
        "trend": 53.752378,
        "fair_value": 65.91489,
        "relative_strength": -19.864674,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -42.016298,
        "energy": 28.325966,
        "activity_lines": [
          50.73344,
          51.879278,
          51.339554,
          52.127637
        ]
      },
      {
        "date": "2024-12-13",
        "close": 47.191597,
        "volume": 3078959,
        "typical_volume": 5119480.3,
        "trend": 53.381257,
        "fair_value": 65.640271,
        "relative_strength": -23.03891,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -64.11768,
        "energy": 49.031521,
        "activity_lines": [
          49.401127,
          50.922315,
          50.99829,
          51.704361
        ]
      },
      {
        "date": "2024-12-20",
        "close": 46.251724,
        "volume": 2604323,
        "typical_volume": 4946645.65,
        "trend": 52.936329,
        "fair_value": 65.378245,
        "relative_strength": -21.986076,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.728302,
        "energy": 59.683274,
        "activity_lines": [
          48.171046,
          49.8934,
          50.603727,
          51.244391
        ]
      },
      {
        "date": "2024-12-27",
        "close": 47.735737,
        "volume": 2836822,
        "typical_volume": 4740475.95,
        "trend": 52.540868,
        "fair_value": 65.123071,
        "relative_strength": -21.212922,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.888197,
        "energy": 61.10953,
        "activity_lines": [
          47.696162,
          49.239535,
          50.366914,
          50.908869
        ]
      },
      {
        "date": "2025-01-03",
        "close": 46.647461,
        "volume": 1784018,
        "typical_volume": 4726619.35,
        "trend": 52.141807,
        "fair_value": 64.850283,
        "relative_strength": -20.841586,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.128804,
        "energy": 64.738104,
        "activity_lines": [
          47.15862,
          48.487636,
          50.019466,
          50.528649
        ]
      },
      {
        "date": "2025-01-10",
        "close": 52.830849,
        "volume": 30135130,
        "typical_volume": 6161588.25,
        "trend": 51.929253,
        "fair_value": 64.590537,
        "relative_strength": -9.95393,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -37.14055,
        "energy": 23.721311,
        "activity_lines": [
          48.909756,
          49.05336,
          50.271513,
          50.573104
        ]
      },
      {
        "date": "2025-01-17",
        "close": 46.597992,
        "volume": 8254291,
        "typical_volume": 6505984.7,
        "trend": 51.50567,
        "fair_value": 64.33073,
        "relative_strength": -20.217705,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.043313,
        "energy": 28.824177,
        "activity_lines": [
          48.398596,
          48.49663,
          49.912523,
          50.229151
        ]
      },
      {
        "date": "2025-01-24",
        "close": 47.785202,
        "volume": 1789355,
        "typical_volume": 6459051.05,
        "trend": 51.137999,
        "fair_value": 64.09715,
        "relative_strength": -18.686647,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -41.930265,
        "energy": 21.924786,
        "activity_lines": [
          48.322746,
          48.279874,
          49.679792,
          49.989121
        ]
      },
      {
        "date": "2025-02-07",
        "close": 46.993729,
        "volume": 3433421,
        "typical_volume": 6540858.7,
        "trend": 50.619779,
        "fair_value": 63.837221,
        "relative_strength": -19.056978,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.186348,
        "energy": 25.058367,
        "activity_lines": [
          47.880839,
          47.962385,
          49.362732,
          49.721749
        ]
      },
      {
        "date": "2025-02-14",
        "close": 50.951096,
        "volume": 5404615,
        "typical_volume": 6715504.5,
        "trend": 50.243274,
        "fair_value": 63.629254,
        "relative_strength": -10.266365,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -28.787758,
        "energy": 17.329388,
        "activity_lines": [
          48.807522,
          48.459754,
          49.418088,
          49.743124
        ]
      },
      {
        "date": "2025-02-21",
        "close": 52.23724,
        "volume": 3568222,
        "typical_volume": 6302631.1,
        "trend": 50.024003,
        "fair_value": 63.400277,
        "relative_strength": -9.522489,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -12.741169,
        "energy": 8.940323,
        "activity_lines": [
          49.876011,
          49.174778,
          49.572378,
          49.871767
        ]
      },
      {
        "date": "2025-02-28",
        "close": 50.753227,
        "volume": 2167723,
        "typical_volume": 6116374.2,
        "trend": 49.889234,
        "fair_value": 63.153808,
        "relative_strength": -8.808698,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 6.170673,
        "energy": 10.83146,
        "activity_lines": [
          50.489403,
          49.580408,
          49.597583,
          49.918814
        ]
      },
      {
        "date": "2025-03-07",
        "close": 48.576675,
        "volume": 2244748,
        "typical_volume": 6035044.9,
        "trend": 49.851824,
        "fair_value": 62.893387,
        "relative_strength": -10.199663,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -0.862564,
        "energy": 9.97572,
        "activity_lines": [
          50.100262,
          49.525544,
          49.424448,
          49.834133
        ]
      },
      {
        "date": "2025-03-14",
        "close": 50.159622,
        "volume": 2900001,
        "typical_volume": 5793689.9,
        "trend": 49.981542,
        "fair_value": 62.611198,
        "relative_strength": -4.32214,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 5.440825,
        "energy": 9.120686,
        "activity_lines": [
          50.186004,
          49.716217,
          49.418559,
          49.853991
        ]
      },
      {
        "date": "2025-03-21",
        "close": 51.148964,
        "volume": 2242396,
        "typical_volume": 5199647.4,
        "trend": 50.057391,
        "fair_value": 62.314075,
        "relative_strength": -3.231519,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 12.78198,
        "energy": 11.812077,
        "activity_lines": [
          50.390468,
          50.0427,
          49.521497,
          49.929308
        ]
      },
      {
        "date": "2025-03-28",
        "close": 46.499058,
        "volume": 2071122,
        "typical_volume": 5064948.7,
        "trend": 49.96835,
        "fair_value": 61.987144,
        "relative_strength": -9.194446,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -43.311197,
        "energy": 20.9642,
        "activity_lines": [
          49.031773,
          49.4419,
          49.210797,
          49.699738
        ]
      },
      {
        "date": "2025-04-04",
        "close": 44.718243,
        "volume": 1901849,
        "typical_volume": 4838477.95,
        "trend": 49.813353,
        "fair_value": 61.63816,
        "relative_strength": -11.062831,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -61.706026,
        "energy": 46.246374,
        "activity_lines": [
          47.462017,
          48.632438,
          48.763473,
          49.361022
        ]
      },
      {
        "date": "2025-04-11",
        "close": 35.220562,
        "volume": 4686914,
        "typical_volume": 4816535.45,
        "trend": 49.45719,
        "fair_value": 61.233612,
        "relative_strength": -22.952418,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -85.366764,
        "energy": 77.457226,
        "activity_lines": [
          43.1287,
          46.130303,
          47.453066,
          48.419551
        ]
      },
      {
        "date": "2025-04-18",
        "close": 38.534859,
        "volume": 2704855,
        "typical_volume": 4723861.8,
        "trend": 49.206557,
        "fair_value": 60.871586,
        "relative_strength": -14.557762,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.034455,
        "energy": 84.307064,
        "activity_lines": [
          40.790557,
          44.459215,
          46.529445,
          47.714885
        ]
      },
      {
        "date": "2025-04-25",
        "close": 38.386456,
        "volume": 1424208,
        "typical_volume": 4401495.75,
        "trend": 48.952626,
        "fair_value": 60.594779,
        "relative_strength": -16.289095,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.1073,
        "energy": 87.096885,
        "activity_lines": [
          39.17793,
          42.914943,
          45.65694,
          47.016814
        ]
      },
      {
        "date": "2025-05-02",
        "close": 40.958748,
        "volume": 2208808,
        "typical_volume": 4372089.0,
        "trend": 48.490933,
        "fair_value": 60.330738,
        "relative_strength": -13.987139,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.992776,
        "energy": 83.233318,
        "activity_lines": [
          39.273567,
          42.066808,
          45.085007,
          46.50108
        ]
      },
      {
        "date": "2025-05-09",
        "close": 42.739563,
        "volume": 2394502,
        "typical_volume": 4337866.15,
        "trend": 48.161153,
        "fair_value": 60.106836,
        "relative_strength": -10.193683,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.871597,
        "energy": 66.931922,
        "activity_lines": [
          40.332164,
          41.747521,
          44.726017,
          46.130024
        ]
      },
      {
        "date": "2025-05-16",
        "close": 43.728905,
        "volume": 2434203,
        "typical_volume": 4329360.15,
        "trend": 47.884137,
        "fair_value": 59.873319,
        "relative_strength": -11.464834,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -47.711419,
        "energy": 37.175412,
        "activity_lines": [
          41.852453,
          41.753817,
          44.482451,
          45.844072
        ]
      },
      {
        "date": "2025-05-23",
        "close": 45.806519,
        "volume": 2540487,
        "typical_volume": 4314543.4,
        "trend": 47.636802,
        "fair_value": 59.648864,
        "relative_strength": -5.93594,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -35.630198,
        "energy": 22.882056,
        "activity_lines": [
          43.498057,
          42.226003,
          44.448766,
          45.710032
        ]
      },
      {
        "date": "2025-05-30",
        "close": 45.707584,
        "volume": 1361139,
        "typical_volume": 4293399.45,
        "trend": 47.250958,
        "fair_value": 59.413136,
        "relative_strength": -4.288859,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -26.654561,
        "energy": 24.774534,
        "activity_lines": [
          44.625906,
          42.759348,
          44.414846,
          45.585567
        ]
      },
      {
        "date": "2025-06-06",
        "close": 44.470909,
        "volume": 1737843,
        "typical_volume": 2873535.1,
        "trend": 46.952507,
        "fair_value": 59.174801,
        "relative_strength": -7.620763,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -23.823374,
        "energy": 22.626425,
        "activity_lines": [
          44.853454,
          43.166777,
          44.267622,
          45.406209
        ]
      },
      {
        "date": "2025-06-13",
        "close": 43.234234,
        "volume": 2329604,
        "typical_volume": 2577300.75,
        "trend": 46.612833,
        "fair_value": 58.909389,
        "relative_strength": -11.312321,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -27.017159,
        "energy": 19.943596,
        "activity_lines": [
          44.434633,
          43.386231,
          44.04243,
          45.16632
        ]
      },
      {
        "date": "2025-06-20",
        "close": 41.750221,
        "volume": 2742569,
        "typical_volume": 2624961.45,
        "trend": 46.33252,
        "fair_value": 58.655208,
        "relative_strength": -13.696909,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.449482,
        "energy": 18.985907,
        "activity_lines": [
          43.488164,
          43.362847,
          43.69192,
          44.852603
        ]
      },
      {
        "date": "2025-06-27",
        "close": 43.333164,
        "volume": 1853934,
        "typical_volume": 2545987.1,
        "trend": 46.035717,
        "fair_value": 58.433516,
        "relative_strength": -12.057936,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -42.137411,
        "energy": 23.553232,
        "activity_lines": [
          43.201254,
          43.50855,
          43.520905,
          44.659096
        ]
      },
      {
        "date": "2025-07-04",
        "close": 41.25555,
        "volume": 2058570,
        "typical_volume": 2378684.85,
        "trend": 45.742213,
        "fair_value": 58.214994,
        "relative_strength": -15.615034,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.566082,
        "energy": 30.597585,
        "activity_lines": [
          42.386696,
          43.189262,
          43.169454,
          44.350698
        ]
      },
      {
        "date": "2025-07-11",
        "close": 40.563007,
        "volume": 1773146,
        "typical_volume": 2288931.05,
        "trend": 45.425623,
        "fair_value": 58.057991,
        "relative_strength": -17.132936,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.855214,
        "energy": 58.400544,
        "activity_lines": [
          41.638094,
          42.691893,
          42.798215,
          44.016556
        ]
      },
      {
        "date": "2025-07-18",
        "close": 41.552349,
        "volume": 1922058,
        "typical_volume": 2276647.8,
        "trend": 45.237648,
        "fair_value": 57.89616,
        "relative_strength": -16.792513,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.376571,
        "energy": 55.817977,
        "activity_lines": [
          41.479798,
          42.381599,
          42.57679,
          43.766667
        ]
      },
      {
        "date": "2025-07-25",
        "close": 39.969406,
        "volume": 1685784,
        "typical_volume": 2248699.6,
        "trend": 45.028238,
        "fair_value": 57.718863,
        "relative_strength": -19.272122,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.222899,
        "energy": 64.351271,
        "activity_lines": [
          40.905981,
          41.805083,
          42.248423,
          43.426781
        ]
      },
      {
        "date": "2025-08-01",
        "close": 39.227398,
        "volume": 4323246,
        "typical_volume": 2319861.85,
        "trend": 44.744626,
        "fair_value": 57.504894,
        "relative_strength": -20.427302,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.493935,
        "energy": 65.194354,
        "activity_lines": [
          40.203548,
          41.162011,
          41.890376,
          43.052533
        ]
      },
      {
        "date": "2025-08-08",
        "close": 37.644451,
        "volume": 2859975,
        "typical_volume": 2350740.8,
        "trend": 44.444526,
        "fair_value": 57.318543,
        "relative_strength": -25.003675,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.993108,
        "energy": 71.993981,
        "activity_lines": [
          39.247185,
          40.35075,
          41.43363,
          42.594457
        ]
      },
      {
        "date": "2025-08-15",
        "close": 38.881126,
        "volume": 2359590,
        "typical_volume": 2365164.2,
        "trend": 43.979535,
        "fair_value": 57.13427,
        "relative_strength": -23.142749,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.697543,
        "energy": 67.095587,
        "activity_lines": [
          38.943786,
          39.910943,
          41.15897,
          42.235528
        ]
      },
      {
        "date": "2025-08-22",
        "close": 38.485394,
        "volume": 2416716,
        "typical_volume": 2390907.55,
        "trend": 43.709115,
        "fair_value": 56.942303,
        "relative_strength": -21.689289,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.796166,
        "energy": 67.005156,
        "activity_lines": [
          38.620602,
          39.500816,
          40.882896,
          41.881068
        ]
      },
      {
        "date": "2025-08-29",
        "close": 39.919933,
        "volume": 2893959,
        "typical_volume": 2301259.8,
        "trend": 43.44694,
        "fair_value": 56.752447,
        "relative_strength": -19.915325,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.844575,
        "energy": 47.19401,
        "activity_lines": [
          38.980061,
          39.437857,
          40.773126,
          41.636604
        ]
      },
      {
        "date": "2025-09-05",
        "close": 39.425262,
        "volume": 3533714,
        "typical_volume": 2342702.75,
        "trend": 43.194657,
        "fair_value": 56.565324,
        "relative_strength": -21.305108,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.217516,
        "energy": 37.342007,
        "activity_lines": [
          39.177928,
          39.318236,
          40.593867,
          41.377141
        ]
      },
      {
        "date": "2025-09-12",
        "close": 37.644451,
        "volume": 3599330,
        "typical_volume": 2451458.85,
        "trend": 42.751103,
        "fair_value": 56.376822,
        "relative_strength": -27.296686,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.701196,
        "energy": 40.921645,
        "activity_lines": [
          38.769001,
          38.945884,
          40.240766,
          41.019063
        ]
      },
      {
        "date": "2025-09-19",
        "close": 42.492226,
        "volume": 26095334,
        "typical_volume": 3645785.15,
        "trend": 42.426269,
        "fair_value": 56.228252,
        "relative_strength": -17.913353,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -22.918468,
        "energy": 13.026888,
        "activity_lines": [
          39.975999,
          39.520602,
          40.352891,
          41.002362
        ]
      },
      {
        "date": "2025-09-26",
        "close": 40.266209,
        "volume": 7170784,
        "typical_volume": 3884599.25,
        "trend": 42.076702,
        "fair_value": 56.070136,
        "relative_strength": -21.846741,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.261365,
        "energy": 15.657993,
        "activity_lines": [
          40.200251,
          39.655513,
          40.245713,
          40.863003
        ]
      },
      {
        "date": "2025-10-03",
        "close": 40.21674,
        "volume": 2493596,
        "typical_volume": 3887568.9,
        "trend": 41.798037,
        "fair_value": 55.911703,
        "relative_strength": -24.740975,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -28.981866,
        "energy": 14.757179,
        "activity_lines": [
          40.289292,
          39.804813,
          40.145601,
          40.743005
        ]
      },
      {
        "date": "2025-10-10",
        "close": 40.810345,
        "volume": 2223276,
        "typical_volume": 3871708.35,
        "trend": 41.486395,
        "fair_value": 55.7801,
        "relative_strength": -24.514106,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -21.793847,
        "energy": 16.586947,
        "activity_lines": [
          40.556414,
          40.057545,
          40.118747,
          40.679283
        ]
      },
      {
        "date": "2025-10-17",
        "close": 40.266209,
        "volume": 4736248,
        "typical_volume": 4040463.8,
        "trend": 41.123636,
        "fair_value": 55.643829,
        "relative_strength": -24.940497,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -15.69695,
        "energy": 8.803823,
        "activity_lines": [
          40.549819,
          40.182563,
          40.063863,
          40.600562
        ]
      },
      {
        "date": "2025-10-24",
        "close": 40.365139,
        "volume": 2345702,
        "typical_volume": 4070856.75,
        "trend": 40.919172,
        "fair_value": 55.529446,
        "relative_strength": -24.795459,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -14.616168,
        "energy": 7.713715,
        "activity_lines": [
          40.401417,
          40.277899,
          40.044311,
          40.551626
        ]
      },
      {
        "date": "2025-10-31",
        "close": 40.068336,
        "volume": 5963064,
        "typical_volume": 4252529.75,
        "trend": 40.764175,
        "fair_value": 55.396039,
        "relative_strength": -26.451845,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -16.222077,
        "energy": 7.729592,
        "activity_lines": [
          40.295886,
          40.292289,
          40.016044,
          40.496734
        ]
      },
      {
        "date": "2025-11-07",
        "close": 37.100311,
        "volume": 5162233,
        "typical_volume": 4373512.95,
        "trend": 40.826833,
        "fair_value": 55.240064,
        "relative_strength": -29.764209,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -50.771417,
        "energy": 34.661308,
        "activity_lines": [
          39.214205,
          39.738257,
          39.720184,
          40.260355
        ]
      },
      {
        "date": "2025-11-14",
        "close": 37.693916,
        "volume": 3029713,
        "typical_volume": 4432301.9,
        "trend": 40.798802,
        "fair_value": 55.092027,
        "relative_strength": -27.32625,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -55.299526,
        "energy": 48.137962,
        "activity_lines": [
          38.538155,
          39.34342,
          39.502999,
          40.058232
        ]
      },
      {
        "date": "2025-11-21",
        "close": 36.012039,
        "volume": 2640331,
        "typical_volume": 4461389.95,
        "trend": 40.719655,
        "fair_value": 54.909593,
        "relative_strength": -27.419046,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.641914,
        "energy": 63.369195,
        "activity_lines": [
          37.50924,
          38.674265,
          39.15249,
          39.749408
        ]
      },
      {
        "date": "2025-11-28",
        "close": 37.545517,
        "volume": 1768400,
        "typical_volume": 4461152.65,
        "trend": 40.60588,
        "fair_value": 54.722228,
        "relative_strength": -26.901863,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.193712,
        "energy": 60.828814,
        "activity_lines": [
          37.275096,
          38.313605,
          38.972995,
          39.544625
        ]
      },
      {
        "date": "2025-12-05",
        "close": 37.594982,
        "volume": 1232171,
        "typical_volume": 4426658.3,
        "trend": 40.434394,
        "fair_value": 54.548169,
        "relative_strength": -27.049722,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.359388,
        "energy": 54.955935,
        "activity_lines": [
          37.245416,
          38.051879,
          38.81258,
          39.350374
        ]
      },
      {
        "date": "2025-12-12",
        "close": 37.743385,
        "volume": 1384486,
        "typical_volume": 4411593.4,
        "trend": 40.234877,
        "fair_value": 54.360302,
        "relative_strength": -26.698176,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.366847,
        "energy": 44.582251,
        "activity_lines": [
          37.430093,
          37.865703,
          38.685144,
          39.17676
        ]
      },
      {
        "date": "2025-12-19",
        "close": 36.951912,
        "volume": 1862750,
        "typical_volume": 4288568.6,
        "trend": 39.939723,
        "fair_value": 54.182121,
        "relative_strength": -26.380436,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.977101,
        "energy": 36.811421,
        "activity_lines": [
          37.308075,
          37.580593,
          38.492929,
          38.964956
        ]
      },
      {
        "date": "2025-12-26",
        "close": 36.754044,
        "volume": 1241028,
        "typical_volume": 4207621.25,
        "trend": 39.641272,
        "fair_value": 54.013299,
        "relative_strength": -28.395826,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.393716,
        "energy": 37.514407,
        "activity_lines": [
          37.169567,
          37.32966,
          38.292705,
          38.759428
        ]
      },
      {
        "date": "2026-01-02",
        "close": 37.100311,
        "volume": 1589369,
        "typical_volume": 4169110.2,
        "trend": 39.395586,
        "fair_value": 53.85201,
        "relative_strength": -29.079073,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.425984,
        "energy": 34.304658,
        "activity_lines": [
          37.097015,
          37.205542,
          38.129699,
          38.595495
        ]
      },
      {
        "date": "2026-01-09",
        "close": 37.990723,
        "volume": 4618525,
        "typical_volume": 4279200.65,
        "trend": 39.220802,
        "fair_value": 53.692887,
        "relative_strength": -29.029945,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -40.553901,
        "energy": 26.330945,
        "activity_lines": [
          37.350947,
          37.302678,
          38.059974,
          38.504859
        ]
      },
      {
        "date": "2026-01-16",
        "close": 38.139122,
        "volume": 2496550,
        "typical_volume": 4259330.2,
        "trend": 39.100432,
        "fair_value": 53.525269,
        "relative_strength": -30.47453,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.235414,
        "energy": 20.769551,
        "activity_lines": [
          37.627962,
          37.464571,
          38.006738,
          38.435073
        ]
      },
      {
        "date": "2026-01-23",
        "close": 43.531033,
        "volume": 19992829,
        "typical_volume": 5082285.95,
        "trend": 39.107028,
        "fair_value": 53.395166,
        "relative_strength": -21.454845,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 34.432929,
        "energy": 28.297765,
        "activity_lines": [
          39.675899,
          38.587923,
          38.475498,
          38.720918
        ]
      },
      {
        "date": "2026-01-30",
        "close": 46.400127,
        "volume": 40866323,
        "typical_volume": 6945635.6,
        "trend": 39.278513,
        "fair_value": 53.278141,
        "relative_strength": -16.000829,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 54.831379,
        "energy": 59.978496,
        "activity_lines": [
          42.241593,
          40.1268,
          39.197953,
          39.191441
        ]
      },
      {
        "date": "2026-02-06",
        "close": 45.905457,
        "volume": 15550220,
        "typical_volume": 6418379.9,
        "trend": 39.456595,
        "fair_value": 53.119569,
        "relative_strength": -15.637288,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 76.227575,
        "energy": 80.003383,
        "activity_lines": [
          43.999324,
          41.386862,
          39.831603,
          39.618986
        ]
      },
      {
        "date": "2026-02-13",
        "close": 55.897804,
        "volume": 49757710,
        "typical_volume": 8547726.2,
        "trend": 39.934777,
        "fair_value": 53.030364,
        "relative_strength": -2.255849,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 93.711363,
        "energy": 94.957648,
        "activity_lines": [
          48.500828,
          44.311715,
          41.400652,
          40.679709
        ]
      },
      {
        "date": "2026-02-27",
        "close": 62.031723,
        "volume": 57719553,
        "typical_volume": 11309024.05,
        "trend": 40.670187,
        "fair_value": 52.986973,
        "relative_strength": 3.455761,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 95.591943,
        "energy": 97.921526,
        "activity_lines": [
          53.853166,
          48.019048,
          43.479447,
          42.105318
        ]
      },
      {
        "date": "2026-03-06",
        "close": 58.470093,
        "volume": 34993734,
        "typical_volume": 12947546.95,
        "trend": 41.311611,
        "fair_value": 52.924294,
        "relative_strength": 3.324696,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.20628,
        "energy": 92.000083,
        "activity_lines": [
          56.425454,
          50.637206,
          45.115159,
          43.253699
        ]
      },
      {
        "date": "2026-03-13",
        "close": 53.32552,
        "volume": 17747012,
        "typical_volume": 13598085.15,
        "trend": 41.834313,
        "fair_value": 52.822143,
        "relative_strength": -4.599701,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.714427,
        "energy": 86.176617,
        "activity_lines": [
          56.286947,
          51.928747,
          46.176817,
          44.02879
        ]
      },
      {
        "date": "2026-03-20",
        "close": 55.601002,
        "volume": 24910137,
        "typical_volume": 14726306.9,
        "trend": 42.391642,
        "fair_value": 52.732807,
        "relative_strength": -0.237196,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.352913,
        "energy": 62.214329,
        "activity_lines": [
          56.445241,
          53.332713,
          47.393,
          44.916964
        ]
      },
      {
        "date": "2026-03-27",
        "close": 49.862823,
        "volume": 9802634,
        "typical_volume": 14918285.4,
        "trend": 42.77089,
        "fair_value": 52.630894,
        "relative_strength": -8.52363,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.20519,
        "energy": 46.742558,
        "activity_lines": [
          54.044439,
          53.356997,
          47.990139,
          45.398975
        ]
      },
      {
        "date": "2026-04-03",
        "close": 44.817177,
        "volume": 6442764,
        "typical_volume": 14982311.95,
        "trend": 42.934131,
        "fair_value": 52.470069,
        "relative_strength": -15.651532,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 36.021789,
        "energy": 22.37573,
        "activity_lines": [
          50.364088,
          52.248034,
          48.060099,
          45.530994
        ]
      },
      {
        "date": "2026-04-10",
        "close": 48.824009,
        "volume": 5616465,
        "typical_volume": 15111649.55,
        "trend": 43.247423,
        "fair_value": 52.346736,
        "relative_strength": -14.768099,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.988319,
        "energy": 22.384501,
        "activity_lines": [
          49.166983,
          51.746167,
          48.474916,
          45.910986
        ]
      },
      {
        "date": "2026-04-17",
        "close": 54.413792,
        "volume": 16882665,
        "typical_volume": 15823766.25,
        "trend": 43.806401,
        "fair_value": 52.256284,
        "relative_strength": -8.233867,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.890598,
        "energy": 24.086104,
        "activity_lines": [
          50.476212,
          52.164389,
          49.369092,
          46.631397
        ]
      },
      {
        "date": "2026-04-24",
        "close": 57.183949,
        "volume": 57006210,
        "typical_volume": 18585656.75,
        "trend": 44.296125,
        "fair_value": 52.18359,
        "relative_strength": -8.266229,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 49.458964,
        "energy": 25.914823,
        "activity_lines": [
          52.636274,
          52.940572,
          50.439466,
          47.494464
        ]
      },
      {
        "date": "2026-05-01",
        "close": 53.622318,
        "volume": 12145412,
        "typical_volume": 19131318.8,
        "trend": 44.741329,
        "fair_value": 52.114041,
        "relative_strength": -13.390622,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 50.688555,
        "energy": 32.543122,
        "activity_lines": [
          53.503597,
          52.864123,
          51.07712,
          48.096154
        ]
      },
      {
        "date": "2026-05-08",
        "close": 54.61166,
        "volume": 19068532,
        "typical_volume": 20015521.1,
        "trend": 45.221159,
        "fair_value": 52.058511,
        "relative_strength": -16.80746,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 53.745984,
        "energy": 37.336228,
        "activity_lines": [
          54.450067,
          53.008927,
          51.732676,
          48.73295
        ]
      },
      {
        "date": "2026-05-15",
        "close": 52.731911,
        "volume": 21202774,
        "typical_volume": 20982522.3,
        "trend": 45.618545,
        "fair_value": 51.992701,
        "relative_strength": -18.067287,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 52.180079,
        "energy": 33.334753,
        "activity_lines": [
          54.116989,
          52.946868,
          52.128884,
          49.217515
        ]
      },
      {
        "date": "2026-05-22",
        "close": 60.151974,
        "volume": 22050251,
        "typical_volume": 22022983.45,
        "trend": 46.281404,
        "fair_value": 51.98036,
        "relative_strength": -8.307983,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.491691,
        "energy": 44.228849,
        "activity_lines": [
          55.996739,
          54.338242,
          53.156622,
          50.155155
        ]
      },
      {
        "date": "2026-05-29",
        "close": 58.074356,
        "volume": 27398263,
        "typical_volume": 23313428.15,
        "trend": 46.871711,
        "fair_value": 51.948797,
        "relative_strength": -15.497328,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.872411,
        "energy": 43.246807,
        "activity_lines": [
          56.801403,
          55.22775,
          53.875072,
          50.915991
        ]
      },
      {
        "date": "2026-06-05",
        "close": 54.413792,
        "volume": 11990681,
        "typical_volume": 23682035.95,
        "trend": 47.349893,
        "fair_value": 51.889046,
        "relative_strength": -20.488061,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 53.172739,
        "energy": 34.418297,
        "activity_lines": [
          56.326519,
          55.406731,
          54.145021,
          51.402577
        ]
      },
      {
        "date": "2026-06-12",
        "close": 58.766895,
        "volume": 19444211,
        "typical_volume": 24529419.0,
        "trend": 48.072112,
        "fair_value": 51.851295,
        "relative_strength": -11.564309,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.685158,
        "energy": 41.967926,
        "activity_lines": [
          57.249905,
          56.29444,
          54.751346,
          52.139157
        ]
      },
      {
        "date": "2026-06-19",
        "close": 66.285889,
        "volume": 59478631,
        "typical_volume": 26503709.1,
        "trend": 49.025178,
        "fair_value": 51.850525,
        "relative_strength": -4.529292,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.705242,
        "energy": 56.430261,
        "activity_lines": [
          60.402606,
          58.295608,
          55.975538,
          53.31424
        ]
      },
      {
        "date": "2026-06-26",
        "close": 63.218933,
        "volume": 63505151,
        "typical_volume": 27635650.5,
        "trend": 49.932074,
        "fair_value": 51.832457,
        "relative_strength": -4.4942,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.182404,
        "energy": 49.029413,
        "activity_lines": [
          61.62939,
          59.421659,
          56.799283,
          54.229966
        ]
      },
      {
        "date": "2026-07-03",
        "close": 66.285889,
        "volume": 31815672,
        "typical_volume": 28448923.1,
        "trend": 50.890087,
        "fair_value": 51.843496,
        "relative_strength": -3.96477,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.04695,
        "energy": 60.971699,
        "activity_lines": [
          63.674028,
          60.945245,
          57.835029,
          55.285051
        ]
      },
      {
        "date": "2026-07-10",
        "close": 72.518745,
        "volume": 0,
        "typical_volume": 25961037.6,
        "trend": 52.054212,
        "fair_value": 51.905115,
        "relative_strength": 8.69578,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.305414,
        "energy": 73.763344,
        "activity_lines": [
          67.24885,
          63.436587,
          59.367331,
          56.680448
        ]
      },
      {
        "date": "2026-07-17",
        "close": 57.085014,
        "volume": 47452442,
        "typical_volume": 25447682.05,
        "trend": 52.698933,
        "fair_value": 51.86721,
        "relative_strength": -8.524457,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.941291,
        "energy": 40.168986,
        "activity_lines": [
          64.472098,
          62.778225,
          59.350606,
          57.005016
        ]
      },
      {
        "date": "2026-07-24",
        "close": 53.622318,
        "volume": 13064699,
        "typical_volume": 24351230.3,
        "trend": 53.254613,
        "fair_value": 51.805338,
        "relative_strength": -15.398802,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 30.073078,
        "energy": 20.462698,
        "activity_lines": [
          60.653239,
          61.445312,
          59.027657,
          57.064589
        ]
      },
      {
        "date": "2026-07-31",
        "close": 52.830849,
        "volume": 19591965,
        "typical_volume": 24443477.95,
        "trend": 53.790507,
        "fair_value": 51.720679,
        "relative_strength": -15.067016,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 17.164328,
        "energy": 12.872724,
        "activity_lines": [
          57.414796,
          59.952307,
          58.652414,
          57.037249
        ]
      },
      {
        "date": "2026-08-07",
        "close": 59.261566,
        "volume": 24295786,
        "typical_volume": 24412760.4,
        "trend": 54.529215,
        "fair_value": 51.688461,
        "relative_strength": -6.696246,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 22.421906,
        "energy": 21.021992,
        "activity_lines": [
          57.012464,
          59.761633,
          58.891976,
          57.390221
        ]
      },
      {
        "date": "2026-08-14",
        "close": 60.400002,
        "volume": 14152959,
        "typical_volume": 24630276.65,
        "trend": 55.276191,
        "fair_value": 51.669444,
        "relative_strength": -7.887539,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 25.294124,
        "energy": 18.671434,
        "activity_lines": [
          57.457898,
          59.756363,
          59.222529,
          57.768981
        ]
      }
    ],
    "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."
    }
  }
}