{
  "ticker": {
    "uuid": "07413af0-2a7f-4374-9c9d-2ba136f8c107",
    "symbol": "VERE",
    "name": "Vanguard FTSE Developed Europe ex UK UCITS ETF Accuimulation",
    "exchange": "LSE",
    "country": "GB",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^FTSE",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 92.368,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 81.637,
    "architecture_energy": 69.253,
    "architecture_maturity": 36.288,
    "architecture_confidence": 84.456,
    "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": 15.54,
        "rotation_up": 59.88,
        "upward_expansion": 84.44,
        "deceleration": 51.91,
        "rotation_down": 20.94,
        "downward_expansion": 13.44
      },
      "activity_lines": [
        70.237332,
        69.758091,
        68.806833,
        67.854709
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 71.919998,
    "trend_reference": 66.9955,
    "distance_from_trend": 0.073505,
    "trend_direction": "Improving",
    "fair_value": 54.420993,
    "distance_from_fair_value": 0.321549,
    "fair_value_direction": "Improving",
    "relative_strength": 2.869557,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.072792,
    "excess_performance": 0.021557,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.073505,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.035375,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.321549,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.041259,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.028696,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.006527,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.072792,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.690485,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 52063,
      "relative_activity": 0.985855,
      "balance": 0.690485,
      "dry_up": 0.701018,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.021995,
      "annualized_volatility": 0.188066,
      "from_high_reference": -0.00663,
      "from_low_reference": 0.241284
    },
    "levels": {
      "trend_reference": 66.9955,
      "fair_value_reference": 54.420993,
      "structural_low": 58.740002,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 35,
        "median_return": 0.006791,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": 0.000749,
        "regime_survival": 0.714286,
        "best_return": 0.089907,
        "worst_return": -0.077801,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 14,
        "median_return": 0.030738,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.714286,
        "median_excess_return": -0.002018,
        "regime_survival": 0.428571,
        "best_return": 0.110705,
        "worst_return": -0.11585,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.010363,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": 0.007476,
        "regime_survival": 0.428571,
        "best_return": 0.145325,
        "worst_return": -0.053667,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.068454,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.039819,
        "regime_survival": 0.0,
        "best_return": 0.219716,
        "worst_return": -0.205967,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-02",
        "end": "2024-08-30",
        "tenure": "Developing",
        "return": 0.072667,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-06",
        "end": "2024-10-25",
        "tenure": "Developing",
        "return": 0.001196,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-01",
        "end": "2024-11-08",
        "tenure": "New",
        "return": -0.022284,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-15",
        "end": "2024-11-22",
        "tenure": "New",
        "return": -0.008291,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-29",
        "end": "2025-02-07",
        "tenure": "Developing",
        "return": 0.049021,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-02-14",
        "end": "2025-03-14",
        "tenure": "Developing",
        "return": 0.0285,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-03-21",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.06977,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-18",
        "end": "2025-05-02",
        "tenure": "New",
        "return": 0.062909,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-05-09",
        "end": "2025-11-21",
        "tenure": "Extended",
        "return": 0.072176,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-28",
        "end": "2025-12-05",
        "tenure": "New",
        "return": 0.010578,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-12-12",
        "end": "2026-03-13",
        "tenure": "Established",
        "return": -0.007971,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-20",
        "end": "2026-04-17",
        "tenure": "Developing",
        "return": 0.127709,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-24",
        "end": "2026-05-01",
        "tenure": "New",
        "return": 0.011513,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-08",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": 0.073353,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 42.59,
        "volume": 8050,
        "typical_volume": 23338.75,
        "trend": 42.970583,
        "fair_value": 40.888349,
        "relative_strength": 10.258198,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 17.308921,
        "energy": 9.386176,
        "activity_lines": [
          43.765667,
          44.00291,
          43.854607,
          43.507812
        ]
      },
      {
        "date": "2023-08-25",
        "close": 42.572498,
        "volume": 44563,
        "typical_volume": 24807.2,
        "trend": 42.996583,
        "fair_value": 40.931362,
        "relative_strength": 8.654632,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 8.354387,
        "energy": 17.537316,
        "activity_lines": [
          43.227166,
          43.744227,
          43.739464,
          43.482129
        ]
      },
      {
        "date": "2023-09-01",
        "close": 43.107498,
        "volume": 6171,
        "typical_volume": 24598.0,
        "trend": 43.0195,
        "fair_value": 40.983878,
        "relative_strength": 7.773156,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 6.805986,
        "energy": 19.948145,
        "activity_lines": [
          43.034165,
          43.614136,
          43.676428,
          43.489285
        ]
      },
      {
        "date": "2023-09-08",
        "close": 42.380001,
        "volume": 97957,
        "typical_volume": 25077.05,
        "trend": 43.056666,
        "fair_value": 41.025545,
        "relative_strength": 5.425821,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -23.480899,
        "energy": 28.763788,
        "activity_lines": [
          42.741499,
          43.345772,
          43.548,
          43.448027
        ]
      },
      {
        "date": "2023-09-15",
        "close": 42.764999,
        "volume": 107816,
        "typical_volume": 28467.9,
        "trend": 43.0855,
        "fair_value": 41.06883,
        "relative_strength": 2.85511,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -16.666871,
        "energy": 32.88662,
        "activity_lines": [
          42.693499,
          43.175363,
          43.464309,
          43.429209
        ]
      },
      {
        "date": "2023-09-22",
        "close": 41.880001,
        "volume": 36316,
        "typical_volume": 28300.35,
        "trend": 43.11875,
        "fair_value": 41.120513,
        "relative_strength": 0.746157,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -38.816471,
        "energy": 44.663135,
        "activity_lines": [
          42.425833,
          42.843591,
          43.303309,
          43.351435
        ]
      },
      {
        "date": "2023-09-29",
        "close": 41.314999,
        "volume": 31543,
        "typical_volume": 28972.7,
        "trend": 43.10625,
        "fair_value": 41.162276,
        "relative_strength": 0.076805,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -44.600514,
        "energy": 54.741728,
        "activity_lines": [
          42.017166,
          42.470954,
          43.099321,
          43.235064
        ]
      },
      {
        "date": "2023-10-06",
        "close": 40.857498,
        "volume": 14206,
        "typical_volume": 28817.6,
        "trend": 43.101,
        "fair_value": 41.194071,
        "relative_strength": 0.151865,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -73.970836,
        "energy": 72.068612,
        "activity_lines": [
          41.539833,
          42.08359,
          42.863071,
          43.089984
        ]
      },
      {
        "date": "2023-10-13",
        "close": 40.892502,
        "volume": 9312,
        "typical_volume": 28917.65,
        "trend": 43.143666,
        "fair_value": 41.229071,
        "relative_strength": -1.406717,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.644684,
        "energy": 77.407346,
        "activity_lines": [
          41.224167,
          41.782454,
          42.645167,
          42.9475
        ]
      },
      {
        "date": "2023-10-20",
        "close": 39.857498,
        "volume": 74417,
        "typical_volume": 31155.2,
        "trend": 43.12825,
        "fair_value": 41.258526,
        "relative_strength": -1.589563,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.141415,
        "energy": 83.104427,
        "activity_lines": [
          40.662666,
          41.351909,
          42.338202,
          42.735489
        ]
      },
      {
        "date": "2023-10-27",
        "close": 39.540001,
        "volume": 8443,
        "typical_volume": 31066.5,
        "trend": 43.026583,
        "fair_value": 41.302388,
        "relative_strength": -1.092108,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.104591,
        "energy": 86.211859,
        "activity_lines": [
          40.189167,
          40.937045,
          42.016059,
          42.503989
        ]
      },
      {
        "date": "2023-11-03",
        "close": 41.509998,
        "volume": 33229,
        "typical_volume": 31871.05,
        "trend": 42.983083,
        "fair_value": 41.339199,
        "relative_strength": 1.748592,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.339091,
        "energy": 66.568916,
        "activity_lines": [
          40.528333,
          40.935818,
          41.897392,
          42.406145
        ]
      },
      {
        "date": "2023-11-10",
        "close": 41.377499,
        "volume": 85212,
        "typical_volume": 35718.05,
        "trend": 42.898166,
        "fair_value": 41.365913,
        "relative_strength": 2.041647,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.84296,
        "energy": 48.106195,
        "activity_lines": [
          40.810333,
          40.929818,
          41.779369,
          42.302559
        ]
      },
      {
        "date": "2023-11-17",
        "close": 43.535,
        "volume": 6585,
        "typical_volume": 33802.9,
        "trend": 42.880166,
        "fair_value": 41.403285,
        "relative_strength": 5.050414,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -16.367993,
        "energy": 14.619947,
        "activity_lines": [
          41.776833,
          41.347545,
          41.873488,
          42.343645
        ]
      },
      {
        "date": "2023-11-24",
        "close": 44.18,
        "volume": 12419,
        "typical_volume": 31103.05,
        "trend": 42.8785,
        "fair_value": 41.43883,
        "relative_strength": 6.550488,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": 5.143963,
        "energy": 26.353066,
        "activity_lines": [
          42.782166,
          41.861545,
          42.030857,
          42.427505
        ]
      },
      {
        "date": "2023-12-01",
        "close": 44.459999,
        "volume": 18308,
        "typical_volume": 31707.25,
        "trend": 42.88875,
        "fair_value": 41.473974,
        "relative_strength": 6.360974,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": 38.077621,
        "energy": 45.714673,
        "activity_lines": [
          43.592666,
          42.400727,
          42.208035,
          42.529537
        ]
      },
      {
        "date": "2023-12-08",
        "close": 44.654999,
        "volume": 31022,
        "typical_volume": 33093.85,
        "trend": 42.920916,
        "fair_value": 41.512228,
        "relative_strength": 6.205983,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 38.991342,
        "energy": 61.901291,
        "activity_lines": [
          44.140166,
          42.928454,
          42.407702,
          42.643489
        ]
      },
      {
        "date": "2023-12-15",
        "close": 45.9375,
        "volume": 18903,
        "typical_volume": 33574.75,
        "trend": 42.985166,
        "fair_value": 41.55149,
        "relative_strength": 8.598121,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 49.593263,
        "energy": 77.172164,
        "activity_lines": [
          44.9055,
          43.628636,
          42.731535,
          42.838107
        ]
      },
      {
        "date": "2023-12-22",
        "close": 46.264999,
        "volume": 10619,
        "typical_volume": 33287.05,
        "trend": 43.097666,
        "fair_value": 41.594119,
        "relative_strength": 7.31182,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 57.59635,
        "energy": 83.15864,
        "activity_lines": [
          45.475999,
          44.295999,
          43.083285,
          43.049709
        ]
      },
      {
        "date": "2023-12-29",
        "close": 46.77,
        "volume": 1929,
        "typical_volume": 32851.0,
        "trend": 43.222666,
        "fair_value": 41.636138,
        "relative_strength": 7.648914,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 84.768176,
        "energy": 93.696602,
        "activity_lines": [
          46.032833,
          44.957499,
          43.47294,
          43.286634
        ]
      },
      {
        "date": "2024-01-05",
        "close": 45.919998,
        "volume": 24275,
        "typical_volume": 33662.25,
        "trend": 43.324333,
        "fair_value": 41.667724,
        "relative_strength": 5.995885,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.96426,
        "energy": 87.001117,
        "activity_lines": [
          46.133666,
          45.338772,
          43.767952,
          43.460655
        ]
      },
      {
        "date": "2024-01-12",
        "close": 46.055,
        "volume": 54898,
        "typical_volume": 34179.0,
        "trend": 43.383,
        "fair_value": 41.705561,
        "relative_strength": 6.925785,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.356577,
        "energy": 84.477787,
        "activity_lines": [
          46.182166,
          45.62859,
          44.059964,
          43.636827
        ]
      },
      {
        "date": "2024-01-19",
        "close": 45.044998,
        "volume": 19899,
        "typical_volume": 34865.4,
        "trend": 43.458583,
        "fair_value": 41.733381,
        "relative_strength": 6.606451,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.209288,
        "energy": 60.207237,
        "activity_lines": [
          45.800666,
          45.652135,
          44.239202,
          43.744053
        ]
      },
      {
        "date": "2024-01-26",
        "close": 46.435001,
        "volume": 13296,
        "typical_volume": 30632.35,
        "trend": 43.5425,
        "fair_value": 41.779247,
        "relative_strength": 7.148525,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.941,
        "energy": 57.691882,
        "activity_lines": [
          45.942,
          45.861727,
          44.541595,
          43.93608
        ]
      },
      {
        "date": "2024-02-02",
        "close": 46.130001,
        "volume": 22108,
        "typical_volume": 26346.95,
        "trend": 43.6555,
        "fair_value": 41.816042,
        "relative_strength": 6.470161,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.713802,
        "energy": 54.789351,
        "activity_lines": [
          45.970333,
          45.963136,
          44.795631,
          44.103016
        ]
      },
      {
        "date": "2024-02-09",
        "close": 46.227501,
        "volume": 9276,
        "typical_volume": 24994.95,
        "trend": 43.687,
        "fair_value": 41.848654,
        "relative_strength": 6.985181,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.15119,
        "energy": 53.585086,
        "activity_lines": [
          46.073834,
          46.046818,
          45.042928,
          44.268951
        ]
      },
      {
        "date": "2024-02-16",
        "close": 46.855,
        "volume": 23543,
        "typical_volume": 24594.95,
        "trend": 43.746166,
        "fair_value": 41.88492,
        "relative_strength": 6.180437,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.233556,
        "energy": 71.977681,
        "activity_lines": [
          46.366,
          46.212455,
          45.329285,
          44.473338
        ]
      },
      {
        "date": "2024-02-23",
        "close": 47.740002,
        "volume": 11208,
        "typical_volume": 24445.05,
        "trend": 43.829166,
        "fair_value": 41.934952,
        "relative_strength": 7.897029,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.802345,
        "energy": 87.508187,
        "activity_lines": [
          46.899834,
          46.499,
          45.673548,
          44.731005
        ]
      },
      {
        "date": "2024-03-01",
        "close": 47.849998,
        "volume": 31712,
        "typical_volume": 25565.05,
        "trend": 43.953333,
        "fair_value": 41.988718,
        "relative_strength": 8.124839,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.009565,
        "energy": 89.790084,
        "activity_lines": [
          47.290667,
          46.772773,
          45.995512,
          44.990414
        ]
      },
      {
        "date": "2024-03-08",
        "close": 49.029999,
        "volume": 14633,
        "typical_volume": 22575.85,
        "trend": 44.1245,
        "fair_value": 42.039006,
        "relative_strength": 10.71162,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.825223,
        "energy": 94.694202,
        "activity_lines": [
          47.9805,
          47.232273,
          46.396726,
          45.317941
        ]
      },
      {
        "date": "2024-03-15",
        "close": 49.0425,
        "volume": 29507,
        "typical_volume": 23629.05,
        "trend": 44.339583,
        "fair_value": 42.089119,
        "relative_strength": 9.425206,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.568502,
        "energy": 92.896988,
        "activity_lines": [
          48.481166,
          47.652954,
          46.755452,
          45.635231
        ]
      },
      {
        "date": "2024-03-22",
        "close": 48.959999,
        "volume": 52040,
        "typical_volume": 24569.6,
        "trend": 44.5525,
        "fair_value": 42.139567,
        "relative_strength": 6.181537,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.609459,
        "energy": 88.248973,
        "activity_lines": [
          48.766666,
          48.001863,
          47.061071,
          45.933322
        ]
      },
      {
        "date": "2024-03-29",
        "close": 49.275002,
        "volume": 36612,
        "typical_volume": 22139.6,
        "trend": 44.758083,
        "fair_value": 42.187917,
        "relative_strength": 6.356595,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.306256,
        "energy": 85.315489,
        "activity_lines": [
          49.016833,
          48.355227,
          47.361214,
          46.238
        ]
      },
      {
        "date": "2024-04-05",
        "close": 48.740002,
        "volume": 28854,
        "typical_volume": 23253.05,
        "trend": 44.970083,
        "fair_value": 42.226779,
        "relative_strength": 5.532765,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.665218,
        "energy": 68.862913,
        "activity_lines": [
          48.986334,
          48.53441,
          47.572798,
          46.494898
        ]
      },
      {
        "date": "2024-04-12",
        "close": 47.540001,
        "volume": 10685,
        "typical_volume": 23166.35,
        "trend": 45.12925,
        "fair_value": 42.252692,
        "relative_strength": 1.725368,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.142785,
        "energy": 57.157096,
        "activity_lines": [
          48.496501,
          48.453501,
          47.64531,
          46.660699
        ]
      },
      {
        "date": "2024-04-19",
        "close": 47.25,
        "volume": 43007,
        "typical_volume": 24401.3,
        "trend": 45.30825,
        "fair_value": 42.275785,
        "relative_strength": 2.241878,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 47.043002,
        "energy": 39.287602,
        "activity_lines": [
          48.009334,
          48.294228,
          47.674203,
          46.797522
        ]
      },
      {
        "date": "2024-04-26",
        "close": 48.095001,
        "volume": 31057,
        "typical_volume": 24403.05,
        "trend": 45.53425,
        "fair_value": 42.306362,
        "relative_strength": 0.856222,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.531954,
        "energy": 27.350201,
        "activity_lines": [
          47.923334,
          48.270001,
          47.770286,
          46.977312
        ]
      },
      {
        "date": "2024-05-03",
        "close": 48.200001,
        "volume": 32235,
        "typical_volume": 25069.65,
        "trend": 45.779,
        "fair_value": 42.330144,
        "relative_strength": 0.106323,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.158839,
        "energy": 26.441685,
        "activity_lines": [
          47.930001,
          48.242319,
          47.859989,
          47.149296
        ]
      },
      {
        "date": "2024-05-10",
        "close": 49.849998,
        "volume": 7455,
        "typical_volume": 24911.45,
        "trend": 46.077583,
        "fair_value": 42.365737,
        "relative_strength": 0.737367,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 75.528423,
        "energy": 45.658113,
        "activity_lines": [
          48.558333,
          48.506273,
          48.09606,
          47.411941
        ]
      },
      {
        "date": "2024-05-17",
        "close": 50.689999,
        "volume": 134000,
        "typical_volume": 31515.0,
        "trend": 46.438667,
        "fair_value": 42.403285,
        "relative_strength": 2.482755,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 83.914492,
        "energy": 64.362769,
        "activity_lines": [
          49.392666,
          48.886591,
          48.39506,
          47.709516
        ]
      },
      {
        "date": "2024-05-24",
        "close": 50.540001,
        "volume": 70929,
        "typical_volume": 33847.7,
        "trend": 46.805333,
        "fair_value": 42.43609,
        "relative_strength": 3.287969,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.752428,
        "energy": 83.170347,
        "activity_lines": [
          49.967,
          49.209455,
          48.661107,
          47.974118
        ]
      },
      {
        "date": "2024-05-31",
        "close": 50.5,
        "volume": 7922,
        "typical_volume": 31498.9,
        "trend": 47.105,
        "fair_value": 42.466522,
        "relative_strength": 3.581038,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.925705,
        "energy": 84.232878,
        "activity_lines": [
          50.308667,
          49.497818,
          48.901345,
          48.212484
        ]
      },
      {
        "date": "2024-06-07",
        "close": 50.959999,
        "volume": 9761,
        "typical_volume": 30992.0,
        "trend": 47.424417,
        "fair_value": 42.497885,
        "relative_strength": 4.72996,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.356578,
        "energy": 87.37051,
        "activity_lines": [
          50.643333,
          49.841818,
          49.164226,
          48.461194
        ]
      },
      {
        "date": "2024-06-14",
        "close": 48.98,
        "volume": 28919,
        "typical_volume": 31773.15,
        "trend": 47.605917,
        "fair_value": 42.52625,
        "relative_strength": 1.806043,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.166964,
        "energy": 52.505389,
        "activity_lines": [
          50.134,
          49.795182,
          49.210369,
          48.561554
        ]
      },
      {
        "date": "2024-06-21",
        "close": 49.215,
        "volume": 18619,
        "typical_volume": 31598.7,
        "trend": 47.77375,
        "fair_value": 42.549615,
        "relative_strength": 1.087429,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 47.558901,
        "energy": 35.884011,
        "activity_lines": [
          49.761,
          49.786909,
          49.266774,
          48.665366
        ]
      },
      {
        "date": "2024-06-28",
        "close": 49.1675,
        "volume": 4864,
        "typical_volume": 31378.1,
        "trend": 47.930667,
        "fair_value": 42.575881,
        "relative_strength": 1.836931,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 39.978289,
        "energy": 23.699154,
        "activity_lines": [
          49.4705,
          49.739545,
          49.303964,
          48.755285
        ]
      },
      {
        "date": "2024-07-05",
        "close": 50.23,
        "volume": 25943,
        "typical_volume": 31498.1,
        "trend": 48.1165,
        "fair_value": 42.608173,
        "relative_strength": 3.454451,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 45.139112,
        "energy": 24.566223,
        "activity_lines": [
          49.625667,
          49.8505,
          49.428345,
          48.903629
        ]
      },
      {
        "date": "2024-07-12",
        "close": 51.369999,
        "volume": 12388,
        "typical_volume": 31557.1,
        "trend": 48.297583,
        "fair_value": 42.650096,
        "relative_strength": 5.128556,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 73.263099,
        "energy": 41.607603,
        "activity_lines": [
          50.178833,
          50.129909,
          49.645226,
          49.113532
        ]
      },
      {
        "date": "2024-07-19",
        "close": 49.57,
        "volume": 12262,
        "typical_volume": 30584.6,
        "trend": 48.40775,
        "fair_value": 42.676795,
        "relative_strength": 2.588688,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 50.708657,
        "energy": 32.671044,
        "activity_lines": [
          50.104666,
          50.024409,
          49.673393,
          49.195624
        ]
      },
      {
        "date": "2024-07-26",
        "close": 49.639999,
        "volume": 21328,
        "typical_volume": 30919.35,
        "trend": 48.503417,
        "fair_value": 42.701186,
        "relative_strength": 1.085584,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 49.318373,
        "energy": 31.374483,
        "activity_lines": [
          50.014499,
          49.936727,
          49.700036,
          49.275124
        ]
      },
      {
        "date": "2024-08-02",
        "close": 48.439999,
        "volume": 18786,
        "typical_volume": 30383.3,
        "trend": 48.587417,
        "fair_value": 42.715176,
        "relative_strength": -0.048609,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 16.873094,
        "energy": 9.609969,
        "activity_lines": [
          49.495999,
          49.649954,
          49.609488,
          49.271032
        ]
      },
      {
        "date": "2024-08-09",
        "close": 48.619999,
        "volume": 11243,
        "typical_volume": 28343.45,
        "trend": 48.672917,
        "fair_value": 42.725849,
        "relative_strength": 0.365262,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 3.298193,
        "energy": 13.508384,
        "activity_lines": [
          49.085999,
          49.43409,
          49.538952,
          49.273134
        ]
      },
      {
        "date": "2024-08-16",
        "close": 50.23,
        "volume": 7975,
        "typical_volume": 26911.6,
        "trend": 48.84575,
        "fair_value": 42.753702,
        "relative_strength": 1.841885,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 24.413773,
        "energy": 16.565729,
        "activity_lines": [
          49.319999,
          49.545136,
          49.623369,
          49.373591
        ]
      },
      {
        "date": "2024-08-23",
        "close": 51.91,
        "volume": 11346,
        "typical_volume": 26036.2,
        "trend": 49.02825,
        "fair_value": 42.787532,
        "relative_strength": 4.893941,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 64.489946,
        "energy": 29.865245,
        "activity_lines": [
          50.19,
          49.974909,
          49.863238,
          49.571285
        ]
      },
      {
        "date": "2024-08-30",
        "close": 51.959999,
        "volume": 11081,
        "typical_volume": 26056.0,
        "trend": 49.222583,
        "fair_value": 42.819599,
        "relative_strength": 4.238926,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 68.696623,
        "energy": 62.715787,
        "activity_lines": [
          50.920666,
          50.360499,
          50.092773,
          49.76043
        ]
      },
      {
        "date": "2024-09-06",
        "close": 50.150002,
        "volume": 5520,
        "typical_volume": 24181.65,
        "trend": 49.353333,
        "fair_value": 42.845048,
        "relative_strength": 2.853217,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 52.748721,
        "energy": 55.73747,
        "activity_lines": [
          50.893334,
          50.367091,
          50.128881,
          49.820263
        ]
      },
      {
        "date": "2024-09-13",
        "close": 51.084999,
        "volume": 18240,
        "typical_volume": 23540.8,
        "trend": 49.494333,
        "fair_value": 42.881779,
        "relative_strength": 3.400873,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.821673,
        "energy": 61.640746,
        "activity_lines": [
          51.063667,
          50.525818,
          50.240226,
          49.931984
        ]
      },
      {
        "date": "2024-09-20",
        "close": 51.18,
        "volume": 2079,
        "typical_volume": 22033.0,
        "trend": 49.609,
        "fair_value": 42.918734,
        "relative_strength": 3.87864,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.256326,
        "energy": 52.459389,
        "activity_lines": [
          51.101333,
          50.686273,
          50.346381,
          50.040736
        ]
      },
      {
        "date": "2024-09-27",
        "close": 52.860001,
        "volume": 22760,
        "typical_volume": 22798.25,
        "trend": 49.776,
        "fair_value": 42.976731,
        "relative_strength": 5.804227,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.752613,
        "energy": 51.490545,
        "activity_lines": [
          51.635667,
          51.155636,
          50.598345,
          50.250478
        ]
      },
      {
        "date": "2024-10-04",
        "close": 50.794998,
        "volume": 9279,
        "typical_volume": 16562.2,
        "trend": 49.834833,
        "fair_value": 43.019119,
        "relative_strength": 1.941637,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.144268,
        "energy": 36.74099,
        "activity_lines": [
          51.418333,
          51.189727,
          50.639309,
          50.31622
        ]
      },
      {
        "date": "2024-10-11",
        "close": 51.224998,
        "volume": 16165,
        "typical_volume": 13824.0,
        "trend": 49.907583,
        "fair_value": 43.056202,
        "relative_strength": 2.868298,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 53.588462,
        "energy": 35.425373,
        "activity_lines": [
          51.421999,
          51.280999,
          50.720726,
          50.405908
        ]
      },
      {
        "date": "2024-10-18",
        "close": 50.919998,
        "volume": 9978,
        "typical_volume": 13926.8,
        "trend": 49.972916,
        "fair_value": 43.087708,
        "relative_strength": 0.74892,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 42.653513,
        "energy": 28.551405,
        "activity_lines": [
          51.252332,
          51.266181,
          50.769833,
          50.471225
        ]
      },
      {
        "date": "2024-10-25",
        "close": 50.209999,
        "volume": 15797,
        "typical_volume": 14228.6,
        "trend": 50.004083,
        "fair_value": 43.114487,
        "relative_strength": 0.450758,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 26.648284,
        "energy": 15.973349,
        "activity_lines": [
          50.856999,
          51.080454,
          50.749321,
          50.486521
        ]
      },
      {
        "date": "2024-11-01",
        "close": 49.587502,
        "volume": 29491,
        "typical_volume": 14257.2,
        "trend": 50.032333,
        "fair_value": 43.13024,
        "relative_strength": -0.074402,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 8.861363,
        "energy": 13.896462,
        "activity_lines": [
          50.318833,
          50.781909,
          50.673095,
          50.459645
        ]
      },
      {
        "date": "2024-11-08",
        "close": 48.482498,
        "volume": 31102,
        "typical_volume": 14881.35,
        "trend": 50.06375,
        "fair_value": 43.139936,
        "relative_strength": -1.153186,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -36.218169,
        "energy": 34.187616,
        "activity_lines": [
          49.630499,
          50.324681,
          50.488738,
          50.359655
        ]
      },
      {
        "date": "2024-11-15",
        "close": 47.342499,
        "volume": 99895,
        "typical_volume": 19632.9,
        "trend": 50.066833,
        "fair_value": 43.145336,
        "relative_strength": -3.393439,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -46.88037,
        "energy": 64.268061,
        "activity_lines": [
          48.716333,
          49.723408,
          50.199297,
          50.184091
        ]
      },
      {
        "date": "2024-11-22",
        "close": 46.950001,
        "volume": 14227,
        "typical_volume": 19047.1,
        "trend": 50.028666,
        "fair_value": 43.163766,
        "relative_strength": -6.431765,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -83.48104,
        "energy": 86.762527,
        "activity_lines": [
          47.930167,
          49.101818,
          49.881166,
          49.983005
        ]
      },
      {
        "date": "2024-11-29",
        "close": 47.887501,
        "volume": 385579,
        "typical_volume": 37706.65,
        "trend": 50.01825,
        "fair_value": 43.190064,
        "relative_strength": -4.815489,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.488365,
        "energy": 80.99166,
        "activity_lines": [
          47.721167,
          48.725863,
          49.66794,
          49.844865
        ]
      },
      {
        "date": "2024-12-06",
        "close": 49.139999,
        "volume": 29991,
        "typical_volume": 38593.1,
        "trend": 49.994583,
        "fair_value": 43.215096,
        "relative_strength": -2.577354,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.67145,
        "energy": 73.575036,
        "activity_lines": [
          48.0845,
          48.6375,
          49.590583,
          49.788204
        ]
      },
      {
        "date": "2024-12-13",
        "close": 48.459999,
        "volume": 24920,
        "typical_volume": 38772.7,
        "trend": 49.92025,
        "fair_value": 43.238734,
        "relative_strength": -3.76086,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.676904,
        "energy": 49.295627,
        "activity_lines": [
          48.251,
          48.493136,
          49.450511,
          49.689198
        ]
      },
      {
        "date": "2024-12-20",
        "close": 46.625,
        "volume": 14364,
        "typical_volume": 38551.6,
        "trend": 49.78975,
        "fair_value": 43.244006,
        "relative_strength": -4.861251,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.534251,
        "energy": 51.524723,
        "activity_lines": [
          47.807333,
          48.057591,
          49.141297,
          49.476602
        ]
      },
      {
        "date": "2024-12-27",
        "close": 47.099998,
        "volume": 3266,
        "typical_volume": 38152.75,
        "trend": 49.676416,
        "fair_value": 43.249808,
        "relative_strength": -4.579563,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.909523,
        "energy": 51.072312,
        "activity_lines": [
          47.569832,
          47.792045,
          48.885964,
          49.303069
        ]
      },
      {
        "date": "2025-01-03",
        "close": 46.549999,
        "volume": 29731,
        "typical_volume": 39240.55,
        "trend": 49.529416,
        "fair_value": 43.252868,
        "relative_strength": -6.452174,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.462458,
        "energy": 77.419399,
        "activity_lines": [
          47.138999,
          47.495954,
          48.585487,
          49.101365
        ]
      },
      {
        "date": "2025-01-10",
        "close": 46.875,
        "volume": 27257,
        "typical_volume": 40036.1,
        "trend": 49.45925,
        "fair_value": 43.259872,
        "relative_strength": -5.972088,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.081254,
        "energy": 76.340109,
        "activity_lines": [
          46.905666,
          47.325499,
          48.333488,
          48.930112
        ]
      },
      {
        "date": "2025-01-17",
        "close": 48.305,
        "volume": 127641,
        "typical_volume": 45864.1,
        "trend": 49.428916,
        "fair_value": 43.283189,
        "relative_strength": -5.921166,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.217526,
        "energy": 47.052692,
        "activity_lines": [
          47.3,
          47.464363,
          48.241654,
          48.855645
        ]
      },
      {
        "date": "2025-01-24",
        "close": 50.07,
        "volume": 30906,
        "typical_volume": 47133.4,
        "trend": 49.459,
        "fair_value": 43.328558,
        "relative_strength": -2.391574,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -18.841601,
        "energy": 13.994291,
        "activity_lines": [
          48.293,
          47.927363,
          48.335321,
          48.897005
        ]
      },
      {
        "date": "2025-01-31",
        "close": 50.290001,
        "volume": 7079,
        "typical_volume": 46575.35,
        "trend": 49.461,
        "fair_value": 43.37032,
        "relative_strength": -3.822606,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -1.35616,
        "energy": 20.044645,
        "activity_lines": [
          49.129667,
          48.380773,
          48.450321,
          48.950618
        ]
      },
      {
        "date": "2025-02-07",
        "close": 50.235001,
        "volume": 61792,
        "typical_volume": 49561.0,
        "trend": 49.423166,
        "fair_value": 43.409343,
        "relative_strength": -4.119235,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 26.232007,
        "energy": 37.147115,
        "activity_lines": [
          49.735334,
          48.763455,
          48.563869,
          49.000553
        ]
      },
      {
        "date": "2025-02-14",
        "close": 52.279999,
        "volume": 14135,
        "typical_volume": 49129.75,
        "trend": 49.5135,
        "fair_value": 43.468189,
        "relative_strength": -0.553451,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 48.175076,
        "energy": 59.711533,
        "activity_lines": [
          50.777,
          49.475273,
          48.876678,
          49.184865
        ]
      },
      {
        "date": "2025-02-21",
        "close": 52.279999,
        "volume": 35912,
        "typical_volume": 50461.4,
        "trend": 49.6015,
        "fair_value": 43.534343,
        "relative_strength": 0.336543,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 44.95163,
        "energy": 74.065658,
        "activity_lines": [
          51.458333,
          50.13,
          49.19225,
          49.363349
        ]
      },
      {
        "date": "2025-02-28",
        "close": 52.18,
        "volume": 104770,
        "typical_volume": 54891.65,
        "trend": 49.726166,
        "fair_value": 43.627468,
        "relative_strength": -1.467735,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 38.380773,
        "energy": 72.010751,
        "activity_lines": [
          51.841333,
          50.697091,
          49.491226,
          49.529704
        ]
      },
      {
        "date": "2025-03-07",
        "close": 54.439999,
        "volume": 67027,
        "typical_volume": 57744.1,
        "trend": 49.920166,
        "fair_value": 43.727965,
        "relative_strength": 4.380231,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 64.074101,
        "energy": 85.183797,
        "activity_lines": [
          52.836999,
          51.574091,
          50.000893,
          49.833822
        ]
      },
      {
        "date": "2025-03-14",
        "close": 53.77,
        "volume": 101846,
        "typical_volume": 62046.55,
        "trend": 50.038166,
        "fair_value": 43.806859,
        "relative_strength": 3.703151,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 76.125993,
        "energy": 88.634554,
        "activity_lines": [
          53.332666,
          52.195818,
          50.429988,
          50.082199
        ]
      },
      {
        "date": "2025-03-21",
        "close": 53.82,
        "volume": 16683,
        "typical_volume": 61406.15,
        "trend": 50.101833,
        "fair_value": 43.889759,
        "relative_strength": 3.60862,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.547702,
        "energy": 85.608424,
        "activity_lines": [
          53.609333,
          52.695363,
          50.846893,
          50.326188
        ]
      },
      {
        "date": "2025-03-28",
        "close": 52.959999,
        "volume": 39398,
        "typical_volume": 61820.95,
        "trend": 50.135166,
        "fair_value": 43.961394,
        "relative_strength": 1.836586,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.785207,
        "energy": 73.23841,
        "activity_lines": [
          53.496666,
          52.912272,
          51.161738,
          50.510586
        ]
      },
      {
        "date": "2025-04-04",
        "close": 49.235001,
        "volume": 72070,
        "typical_volume": 60429.7,
        "trend": 50.104666,
        "fair_value": 44.013173,
        "relative_strength": 1.787514,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 30.222293,
        "energy": 28.314125,
        "activity_lines": [
          52.097,
          52.367273,
          51.1005,
          50.45251
        ]
      },
      {
        "date": "2025-04-11",
        "close": 50.064999,
        "volume": 38193,
        "typical_volume": 61628.0,
        "trend": 50.070666,
        "fair_value": 44.072564,
        "relative_strength": 4.569457,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 27.920869,
        "energy": 22.072637,
        "activity_lines": [
          51.170333,
          51.988363,
          51.109297,
          50.449951
        ]
      },
      {
        "date": "2025-04-18",
        "close": 51.98,
        "volume": 9947,
        "typical_volume": 42846.4,
        "trend": 50.097333,
        "fair_value": 44.147179,
        "relative_strength": 4.38354,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 29.768838,
        "energy": 26.231784,
        "activity_lines": [
          51.173666,
          51.961727,
          51.285643,
          50.573134
        ]
      },
      {
        "date": "2025-04-25",
        "close": 53.785,
        "volume": 43614,
        "typical_volume": 43527.55,
        "trend": 50.128166,
        "fair_value": 44.241442,
        "relative_strength": 6.052912,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 50.131088,
        "energy": 30.091419,
        "activity_lines": [
          51.898,
          52.231545,
          51.614405,
          50.811048
        ]
      },
      {
        "date": "2025-05-02",
        "close": 55.25,
        "volume": 15740,
        "typical_volume": 43068.55,
        "trend": 50.276666,
        "fair_value": 44.354086,
        "relative_strength": 6.456714,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 73.436695,
        "energy": 45.357742,
        "activity_lines": [
          53.113,
          52.740363,
          52.060571,
          51.141489
        ]
      },
      {
        "date": "2025-05-09",
        "close": 55.419998,
        "volume": 22705,
        "typical_volume": 43485.6,
        "trend": 50.4165,
        "fair_value": 44.470048,
        "relative_strength": 7.109926,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.904512,
        "energy": 76.316186,
        "activity_lines": [
          54.231999,
          53.22609,
          52.490595,
          51.473317
        ]
      },
      {
        "date": "2025-05-16",
        "close": 56.099998,
        "volume": 48416,
        "typical_volume": 45743.1,
        "trend": 50.589166,
        "fair_value": 44.589166,
        "relative_strength": 6.654532,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.204337,
        "energy": 84.432252,
        "activity_lines": [
          55.165332,
          53.776545,
          52.943499,
          51.839994
        ]
      },
      {
        "date": "2025-05-23",
        "close": 56.560001,
        "volume": 36010,
        "typical_volume": 46057.05,
        "trend": 50.800833,
        "fair_value": 44.698654,
        "relative_strength": 6.977344,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.325103,
        "energy": 85.591294,
        "activity_lines": [
          55.849666,
          54.380454,
          53.397357,
          52.225209
        ]
      },
      {
        "date": "2025-05-30",
        "close": 57.18,
        "volume": 23983,
        "typical_volume": 45893.35,
        "trend": 51.053916,
        "fair_value": 44.816426,
        "relative_strength": 7.337829,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.86375,
        "energy": 86.057737,
        "activity_lines": [
          56.435333,
          55.046363,
          53.862595,
          52.636768
        ]
      },
      {
        "date": "2025-06-06",
        "close": 58.02,
        "volume": 61877,
        "typical_volume": 42605.15,
        "trend": 51.371833,
        "fair_value": 44.952291,
        "relative_strength": 7.976001,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.413458,
        "energy": 89.026086,
        "activity_lines": [
          57.074666,
          55.803909,
          54.358762,
          53.086193
        ]
      },
      {
        "date": "2025-06-13",
        "close": 57.75,
        "volume": 48689,
        "typical_volume": 43494.3,
        "trend": 51.71875,
        "fair_value": 45.098189,
        "relative_strength": 7.145506,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.586521,
        "energy": 82.682802,
        "activity_lines": [
          57.439333,
          56.420363,
          54.782952,
          53.497688
        ]
      },
      {
        "date": "2025-06-20",
        "close": 56.634998,
        "volume": 30791,
        "typical_volume": 44679.9,
        "trend": 52.041583,
        "fair_value": 45.22923,
        "relative_strength": 5.825296,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.877823,
        "energy": 62.200679,
        "activity_lines": [
          57.276999,
          56.679272,
          55.06438,
          53.814865
        ]
      },
      {
        "date": "2025-06-27",
        "close": 58.490002,
        "volume": 14417,
        "typical_volume": 42311.15,
        "trend": 52.395,
        "fair_value": 45.379134,
        "relative_strength": 8.776503,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.331768,
        "energy": 62.573436,
        "activity_lines": [
          57.697333,
          57.156,
          55.492262,
          54.230892
        ]
      },
      {
        "date": "2025-07-04",
        "close": 58.665001,
        "volume": 46758,
        "typical_volume": 43942.3,
        "trend": 52.7125,
        "fair_value": 45.529247,
        "relative_strength": 8.625213,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.579369,
        "energy": 64.349194,
        "activity_lines": [
          58.047334,
          57.546182,
          55.8975,
          54.635408
        ]
      },
      {
        "date": "2025-07-11",
        "close": 58.860001,
        "volume": 39988,
        "typical_volume": 44146.1,
        "trend": 53.059166,
        "fair_value": 45.684022,
        "relative_strength": 7.424479,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.562908,
        "energy": 71.438832,
        "activity_lines": [
          58.363334,
          57.883091,
          56.290905,
          55.032021
        ]
      },
      {
        "date": "2025-07-18",
        "close": 58.599998,
        "volume": 28859,
        "typical_volume": 40350.55,
        "trend": 53.458333,
        "fair_value": 45.827388,
        "relative_strength": 6.197111,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.855338,
        "energy": 79.55098,
        "activity_lines": [
          58.536667,
          58.107091,
          56.628214,
          55.389494
        ]
      },
      {
        "date": "2025-07-25",
        "close": 59.34,
        "volume": 24718,
        "typical_volume": 38235.1,
        "trend": 53.866333,
        "fair_value": 45.969551,
        "relative_strength": 5.855603,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.639365,
        "energy": 84.014632,
        "activity_lines": [
          58.9,
          58.407818,
          57.005428,
          55.768957
        ]
      },
      {
        "date": "2025-08-01",
        "close": 56.145,
        "volume": 26178,
        "typical_volume": 34451.7,
        "trend": 54.186166,
        "fair_value": 46.094006,
        "relative_strength": 0.643472,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 52.392579,
        "energy": 44.607165,
        "activity_lines": [
          58.018,
          58.068727,
          57.055024,
          55.915968
        ]
      },
      {
        "date": "2025-08-08",
        "close": 58.505001,
        "volume": 51862,
        "typical_volume": 36210.65,
        "trend": 54.573833,
        "fair_value": 46.227708,
        "relative_strength": 4.404873,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 54.786732,
        "energy": 39.982777,
        "activity_lines": [
          58.079,
          58.166273,
          57.318071,
          56.194602
        ]
      },
      {
        "date": "2025-08-15",
        "close": 59.57,
        "volume": 48793,
        "typical_volume": 36680.4,
        "trend": 54.949333,
        "fair_value": 46.375577,
        "relative_strength": 5.646329,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.956187,
        "energy": 47.749722,
        "activity_lines": [
          58.505667,
          58.433364,
          57.660238,
          56.516935
        ]
      },
      {
        "date": "2025-08-22",
        "close": 60.419998,
        "volume": 5482,
        "typical_volume": 33351.0,
        "trend": 55.294333,
        "fair_value": 46.536843,
        "relative_strength": 4.974551,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.728385,
        "energy": 52.683563,
        "activity_lines": [
          59.168333,
          58.826818,
          58.051881,
          56.869882
        ]
      },
      {
        "date": "2025-08-29",
        "close": 58.950001,
        "volume": 53892,
        "typical_volume": 34135.95,
        "trend": 55.583,
        "fair_value": 46.692227,
        "relative_strength": 3.846476,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.793131,
        "energy": 49.926587,
        "activity_lines": [
          59.219667,
          58.904455,
          58.250262,
          57.105731
        ]
      },
      {
        "date": "2025-09-05",
        "close": 59.099998,
        "volume": 10804,
        "typical_volume": 34178.8,
        "trend": 55.8785,
        "fair_value": 46.845673,
        "relative_strength": 3.781215,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.690413,
        "energy": 47.97539,
        "activity_lines": [
          59.346999,
          58.967272,
          58.420619,
          57.332634
        ]
      },
      {
        "date": "2025-09-12",
        "close": 59.5,
        "volume": 13493,
        "typical_volume": 32672.75,
        "trend": 56.119166,
        "fair_value": 47.00907,
        "relative_strength": 3.562856,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.004311,
        "energy": 45.740838,
        "activity_lines": [
          59.410666,
          59.091727,
          58.595166,
          57.566279
        ]
      },
      {
        "date": "2025-09-19",
        "close": 59.830002,
        "volume": 27990,
        "typical_volume": 33285.25,
        "trend": 56.370833,
        "fair_value": 47.190064,
        "relative_strength": 4.800908,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.983462,
        "energy": 42.961605,
        "activity_lines": [
          59.518,
          59.261,
          58.773929,
          57.805688
        ]
      },
      {
        "date": "2025-09-26",
        "close": 59.610001,
        "volume": 28252,
        "typical_volume": 33562.6,
        "trend": 56.6185,
        "fair_value": 47.369519,
        "relative_strength": 3.628016,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.054683,
        "energy": 41.071185,
        "activity_lines": [
          59.534667,
          59.372637,
          58.909929,
          58.014667
        ]
      },
      {
        "date": "2025-10-03",
        "close": 61.669998,
        "volume": 12172,
        "typical_volume": 31750.4,
        "trend": 56.8595,
        "fair_value": 47.560368,
        "relative_strength": 4.758519,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.34663,
        "energy": 55.435915,
        "activity_lines": [
          60.292,
          59.840454,
          59.222167,
          58.34057
        ]
      },
      {
        "date": "2025-10-10",
        "close": 60.32,
        "volume": 20584,
        "typical_volume": 30979.1,
        "trend": 57.077833,
        "fair_value": 47.743205,
        "relative_strength": 3.097336,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.728926,
        "energy": 49.341894,
        "activity_lines": [
          60.418,
          60.020454,
          59.379309,
          58.563828
        ]
      },
      {
        "date": "2025-10-17",
        "close": 60.990002,
        "volume": 21940,
        "typical_volume": 30876.95,
        "trend": 57.316833,
        "fair_value": 47.925993,
        "relative_strength": 4.915821,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.893833,
        "energy": 51.9782,
        "activity_lines": [
          60.686001,
          60.246364,
          59.582357,
          58.816226
        ]
      },
      {
        "date": "2025-10-24",
        "close": 61.360001,
        "volume": 346551,
        "typical_volume": 45110.65,
        "trend": 57.596833,
        "fair_value": 48.100609,
        "relative_strength": 2.280984,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.284746,
        "energy": 59.927051,
        "activity_lines": [
          60.978001,
          60.494364,
          59.8025,
          59.077075
        ]
      },
      {
        "date": "2025-10-31",
        "close": 60.59,
        "volume": 29285,
        "typical_volume": 44140.45,
        "trend": 57.975333,
        "fair_value": 48.267756,
        "relative_strength": 0.199223,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.775998,
        "energy": 46.795997,
        "activity_lines": [
          60.911334,
          60.569819,
          59.933405,
          59.270183
        ]
      },
      {
        "date": "2025-11-07",
        "close": 59.970001,
        "volume": 502878,
        "typical_volume": 67744.8,
        "trend": 58.3055,
        "fair_value": 48.410689,
        "relative_strength": -0.528346,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.783607,
        "energy": 39.923926,
        "activity_lines": [
          60.572667,
          60.529455,
          59.991738,
          59.398871
        ]
      },
      {
        "date": "2025-11-14",
        "close": 61.540001,
        "volume": 38387,
        "typical_volume": 68943.3,
        "trend": 58.624167,
        "fair_value": 48.563574,
        "relative_strength": 1.760445,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.420326,
        "energy": 43.517416,
        "activity_lines": [
          60.870668,
          60.756001,
          60.183715,
          59.607549
        ]
      },
      {
        "date": "2025-11-21",
        "close": 59.419998,
        "volume": 23639,
        "typical_volume": 67787.35,
        "trend": 58.812,
        "fair_value": 48.698253,
        "relative_strength": -0.278534,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 33.228374,
        "energy": 19.426319,
        "activity_lines": [
          60.380667,
          60.552727,
          60.159262,
          59.658893
        ]
      },
      {
        "date": "2025-11-28",
        "close": 61.450001,
        "volume": 10540,
        "typical_volume": 66314.95,
        "trend": 59.018667,
        "fair_value": 48.842612,
        "relative_strength": 1.041137,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 50.707279,
        "energy": 27.775964,
        "activity_lines": [
          60.672,
          60.72,
          60.324548,
          59.829086
        ]
      },
      {
        "date": "2025-12-05",
        "close": 62.099998,
        "volume": 45081,
        "typical_volume": 67126.05,
        "trend": 59.241333,
        "fair_value": 48.992115,
        "relative_strength": 2.514459,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 67.15085,
        "energy": 41.702347,
        "activity_lines": [
          61.173999,
          60.976,
          60.539405,
          60.027882
        ]
      },
      {
        "date": "2025-12-12",
        "close": 62.73,
        "volume": 10154,
        "typical_volume": 66397.85,
        "trend": 59.462333,
        "fair_value": 49.152131,
        "relative_strength": 3.537026,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.541358,
        "energy": 49.81537,
        "activity_lines": [
          61.785333,
          61.301273,
          60.797595,
          60.252957
        ]
      },
      {
        "date": "2025-12-19",
        "close": 63.435001,
        "volume": 167535,
        "typical_volume": 73465.7,
        "trend": 59.6915,
        "fair_value": 49.314888,
        "relative_strength": 1.872572,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.691004,
        "energy": 75.622916,
        "activity_lines": [
          62.447667,
          61.735455,
          61.106786,
          60.509258
        ]
      },
      {
        "date": "2025-12-26",
        "close": 63.965,
        "volume": 15664,
        "typical_volume": 71655.8,
        "trend": 59.917667,
        "fair_value": 49.479118,
        "relative_strength": 2.78135,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.8502,
        "energy": 82.493835,
        "activity_lines": [
          63.160333,
          62.209364,
          61.431738,
          60.784968
        ]
      },
      {
        "date": "2026-01-02",
        "close": 64.510002,
        "volume": 39674,
        "typical_volume": 71199.85,
        "trend": 60.134,
        "fair_value": 49.638157,
        "relative_strength": 2.562307,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.826675,
        "energy": 88.17776,
        "activity_lines": [
          63.751667,
          62.728273,
          61.782596,
          61.081248
        ]
      },
      {
        "date": "2026-01-09",
        "close": 65.43,
        "volume": 348711,
        "typical_volume": 88361.3,
        "trend": 60.39,
        "fair_value": 49.792965,
        "relative_strength": 2.000414,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.834088,
        "energy": 92.77621,
        "activity_lines": [
          64.445667,
          63.357182,
          62.197548,
          61.422925
        ]
      },
      {
        "date": "2026-01-16",
        "close": 65.720001,
        "volume": 71313,
        "typical_volume": 89232.35,
        "trend": 60.692834,
        "fair_value": 49.949086,
        "relative_strength": 1.116861,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.046365,
        "energy": 92.343102,
        "activity_lines": [
          65.014334,
          63.950819,
          62.616262,
          61.766796
        ]
      },
      {
        "date": "2026-01-23",
        "close": 65.879997,
        "volume": 49808,
        "typical_volume": 91182.55,
        "trend": 60.939167,
        "fair_value": 50.103493,
        "relative_strength": 2.094033,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.1019,
        "energy": 89.689138,
        "activity_lines": [
          65.437,
          64.469,
          63.017976,
          62.101452
        ]
      },
      {
        "date": "2026-01-30",
        "close": 66.800003,
        "volume": 20830,
        "typical_volume": 91549.4,
        "trend": 61.210333,
        "fair_value": 50.259775,
        "relative_strength": 2.480639,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.308054,
        "energy": 89.571526,
        "activity_lines": [
          66.003334,
          65.075546,
          63.475024,
          62.47957
        ]
      },
      {
        "date": "2026-02-06",
        "close": 67.040001,
        "volume": 11346,
        "typical_volume": 90717.2,
        "trend": 61.483,
        "fair_value": 50.425,
        "relative_strength": 1.186882,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.807426,
        "energy": 83.503281,
        "activity_lines": [
          66.460667,
          65.591546,
          63.920167,
          62.855678
        ]
      },
      {
        "date": "2026-02-13",
        "close": 67.480003,
        "volume": 28954,
        "typical_volume": 90752.3,
        "trend": 61.779,
        "fair_value": 50.588974,
        "relative_strength": 0.960474,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.529917,
        "energy": 79.375993,
        "activity_lines": [
          66.896002,
          66.08591,
          64.372882,
          63.242581
        ]
      },
      {
        "date": "2026-02-20",
        "close": 68.360001,
        "volume": 21051,
        "typical_volume": 91196.25,
        "trend": 62.079667,
        "fair_value": 50.765112,
        "relative_strength": -0.132411,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 85.213002,
        "energy": 91.017021,
        "activity_lines": [
          67.488002,
          66.642456,
          64.871929,
          63.667162
        ]
      },
      {
        "date": "2026-02-27",
        "close": 68.815002,
        "volume": 71570,
        "typical_volume": 93745.55,
        "trend": 62.502,
        "fair_value": 50.93899,
        "relative_strength": -1.642348,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.53524,
        "energy": 93.080924,
        "activity_lines": [
          68.055669,
          67.179365,
          65.382453,
          64.1017
        ]
      },
      {
        "date": "2026-03-06",
        "close": 63.884998,
        "volume": 51060,
        "typical_volume": 95201.55,
        "trend": 62.681334,
        "fair_value": 51.085593,
        "relative_strength": -3.115273,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.04984,
        "energy": 54.485079,
        "activity_lines": [
          66.784334,
          66.722092,
          65.383001,
          64.190925
        ]
      },
      {
        "date": "2026-03-13",
        "close": 62.23,
        "volume": 42049,
        "typical_volume": 79976.45,
        "trend": 62.77,
        "fair_value": 51.230577,
        "relative_strength": -5.361456,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 15.26516,
        "energy": 15.995773,
        "activity_lines": [
          65.155667,
          65.965364,
          65.212143,
          64.161807
        ]
      },
      {
        "date": "2026-03-20",
        "close": 60.450001,
        "volume": 44483,
        "typical_volume": 80736.35,
        "trend": 62.771,
        "fair_value": 51.359615,
        "relative_strength": -4.853183,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "up",
        "direction": -11.526743,
        "energy": 31.381318,
        "activity_lines": [
          63.254334,
          64.926455,
          64.86762,
          64.01213
        ]
      },
      {
        "date": "2026-03-27",
        "close": 60.560001,
        "volume": 37694,
        "typical_volume": 57477.15,
        "trend": 62.824667,
        "fair_value": 51.474808,
        "relative_strength": -5.138085,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -38.074803,
        "energy": 48.494094,
        "activity_lines": [
          61.858334,
          63.998092,
          64.534239,
          63.869484
        ]
      },
      {
        "date": "2026-04-03",
        "close": 62.98,
        "volume": 93208,
        "typical_volume": 60218.2,
        "trend": 62.954,
        "fair_value": 51.60407,
        "relative_strength": -5.757827,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -24.325509,
        "energy": 41.116412,
        "activity_lines": [
          61.789,
          63.603546,
          64.428524,
          63.879506
        ]
      },
      {
        "date": "2026-04-10",
        "close": 66.264999,
        "volume": 39921,
        "typical_volume": 61032.3,
        "trend": 63.1795,
        "fair_value": 51.747276,
        "relative_strength": -2.36785,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "up",
        "direction": 16.80482,
        "energy": 24.74898,
        "activity_lines": [
          63.203667,
          63.859,
          64.62881,
          64.093119
        ]
      },
      {
        "date": "2026-04-17",
        "close": 68.169998,
        "volume": 47318,
        "typical_volume": 62871.2,
        "trend": 63.4575,
        "fair_value": 51.901731,
        "relative_strength": -0.225632,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "up",
        "direction": 51.581375,
        "energy": 26.00609,
        "activity_lines": [
          65.094666,
          64.470545,
          64.977929,
          64.415086
        ]
      },
      {
        "date": "2026-04-24",
        "close": 66.010002,
        "volume": 65813,
        "typical_volume": 63907.8,
        "trend": 63.670834,
        "fair_value": 52.041346,
        "relative_strength": -0.692175,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 39.730366,
        "energy": 33.131844,
        "activity_lines": [
          65.869667,
          64.668818,
          65.089334,
          64.579764
        ]
      },
      {
        "date": "2026-05-01",
        "close": 66.769997,
        "volume": 140484,
        "typical_volume": 70424.3,
        "trend": 63.840834,
        "fair_value": 52.18633,
        "relative_strength": 0.593841,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 46.906575,
        "energy": 40.30781,
        "activity_lines": [
          66.527332,
          65.031999,
          65.2545,
          64.77971
        ]
      },
      {
        "date": "2026-05-08",
        "close": 67.004997,
        "volume": 137395,
        "typical_volume": 68917.3,
        "trend": 64.063667,
        "fair_value": 52.335785,
        "relative_strength": 2.216841,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.548148,
        "energy": 44.931779,
        "activity_lines": [
          66.849332,
          65.466817,
          65.422809,
          64.983849
        ]
      },
      {
        "date": "2026-05-15",
        "close": 65.815002,
        "volume": 195565,
        "typical_volume": 77912.35,
        "trend": 64.2245,
        "fair_value": 52.475561,
        "relative_strength": 0.774058,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 52.605014,
        "energy": 42.322191,
        "activity_lines": [
          66.506333,
          65.718181,
          65.460786,
          65.096839
        ]
      },
      {
        "date": "2026-05-22",
        "close": 67.779999,
        "volume": 52409,
        "typical_volume": 78549.1,
        "trend": 64.4385,
        "fair_value": 52.635112,
        "relative_strength": 1.100146,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.31948,
        "energy": 37.596369,
        "activity_lines": [
          66.848333,
          66.291727,
          65.677095,
          65.326226
        ]
      },
      {
        "date": "2026-05-29",
        "close": 68.629997,
        "volume": 42315,
        "typical_volume": 63229.3,
        "trend": 64.7065,
        "fair_value": 52.799279,
        "relative_strength": 2.905388,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.857438,
        "energy": 39.199923,
        "activity_lines": [
          67.499665,
          66.918908,
          65.958785,
          65.596645
        ]
      },
      {
        "date": "2026-06-05",
        "close": 67.459999,
        "volume": 3717,
        "typical_volume": 59849.5,
        "trend": 64.956167,
        "fair_value": 52.956907,
        "relative_strength": 1.570823,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 54.949864,
        "energy": 36.571837,
        "activity_lines": [
          67.586332,
          67.184635,
          66.113809,
          65.77429
        ]
      },
      {
        "date": "2026-06-12",
        "close": 68.940002,
        "volume": 13616,
        "typical_volume": 58039.9,
        "trend": 65.202833,
        "fair_value": 53.114888,
        "relative_strength": 2.754218,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.611984,
        "energy": 56.725469,
        "activity_lines": [
          68.120333,
          67.593999,
          66.4015,
          66.031312
        ]
      },
      {
        "date": "2026-06-19",
        "close": 68.959999,
        "volume": 424,
        "typical_volume": 57019.6,
        "trend": 65.520833,
        "fair_value": 53.282724,
        "relative_strength": 3.796869,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.833412,
        "energy": 61.718985,
        "activity_lines": [
          68.532,
          67.898636,
          66.676523,
          66.273709
        ]
      },
      {
        "date": "2026-06-26",
        "close": 68.385002,
        "volume": 9490,
        "typical_volume": 56926.8,
        "trend": 65.752,
        "fair_value": 53.439567,
        "relative_strength": 1.556487,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.527772,
        "energy": 55.913212,
        "activity_lines": [
          68.542334,
          68.049727,
          66.8865,
          66.458495
        ]
      },
      {
        "date": "2026-07-03",
        "close": 70.5,
        "volume": 2668,
        "typical_volume": 55612.5,
        "trend": 66.032,
        "fair_value": 53.617516,
        "relative_strength": 3.035581,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.747761,
        "energy": 71.076754,
        "activity_lines": [
          69.217334,
          68.581454,
          67.2915,
          66.764817
        ]
      },
      {
        "date": "2026-07-10",
        "close": 69.160004,
        "volume": 26080,
        "typical_volume": 55863.95,
        "trend": 66.246334,
        "fair_value": 53.770577,
        "relative_strength": 2.82512,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.491242,
        "energy": 62.843521,
        "activity_lines": [
          69.321002,
          68.78791,
          67.5545,
          66.966624
        ]
      },
      {
        "date": "2026-07-17",
        "close": 68.945,
        "volume": 45906,
        "typical_volume": 54580.75,
        "trend": 66.43,
        "fair_value": 53.923558,
        "relative_strength": 1.512389,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.695865,
        "energy": 55.060788,
        "activity_lines": [
          69.239668,
          68.911819,
          67.793214,
          67.140731
        ]
      },
      {
        "date": "2026-07-24",
        "close": 68.889999,
        "volume": 11683,
        "typical_volume": 52611.9,
        "trend": 66.594167,
        "fair_value": 54.075096,
        "relative_strength": 0.175411,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.113088,
        "energy": 50.572131,
        "activity_lines": [
          69.139667,
          68.990455,
          68.026071,
          67.299441
        ]
      },
      {
        "date": "2026-07-31",
        "close": 70.059998,
        "volume": 38431,
        "typical_volume": 52431.0,
        "trend": 66.779167,
        "fair_value": 54.241346,
        "relative_strength": 0.56327,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.744811,
        "energy": 44.820807,
        "activity_lines": [
          69.434333,
          69.225909,
          68.346524,
          67.523043
        ]
      },
      {
        "date": "2026-08-07",
        "close": 71.919998,
        "volume": 52063,
        "typical_volume": 52810.0,
        "trend": 66.9955,
        "fair_value": 54.420993,
        "relative_strength": 2.869557,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.636596,
        "energy": 69.252693,
        "activity_lines": [
          70.237332,
          69.758091,
          68.806833,
          67.854709
        ]
      }
    ],
    "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."
    }
  }
}