{
  "ticker": {
    "uuid": "087fed6a-2750-4ca5-bd53-176730f3e431",
    "symbol": "BP01",
    "name": "BNPP LC100Europe PAB UCITS ETF",
    "exchange": "VIE",
    "country": "AT",
    "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": "^ATX",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 83.303,
    "architecture_energy": 73.794,
    "architecture_maturity": 36.147,
    "architecture_confidence": 73.561,
    "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": 0.35,
        "rotation_up": 71.75,
        "upward_expansion": 91.96,
        "deceleration": 47.46,
        "rotation_down": 20.72,
        "downward_expansion": 13.96
      },
      "activity_lines": [
        301.853333,
        299.679093,
        293.887145,
        289.309571
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 1.0
    },
    "latest_close": 306.0,
    "trend_reference": 284.608333,
    "distance_from_trend": 0.075162,
    "trend_direction": "Improving",
    "fair_value": 262.204256,
    "distance_from_fair_value": 0.167029,
    "fair_value_direction": "Improving",
    "relative_strength": -9.720486,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.093248,
    "excess_performance": -0.080999,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.075162,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.034087,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.167029,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.08074,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.097205,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.014926,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.093248,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 5.0,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 0,
      "relative_activity": 0.0,
      "balance": 5.0,
      "dry_up": 0.159176,
      "accumulation_observations": 0,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.019218,
      "annualized_volatility": 0.156412,
      "from_high_reference": -0.003095,
      "from_low_reference": 0.202594
    },
    "levels": {
      "trend_reference": 284.608333,
      "fair_value_reference": 262.204256,
      "structural_low": 254.5,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 11,
        "median_return": 0.002282,
        "positive_rate": 0.636364,
        "directional_follow_through": 0.636364,
        "median_excess_return": -0.025258,
        "regime_survival": 0.727273,
        "best_return": 0.053922,
        "worst_return": -0.033036,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.019397,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.059045,
        "regime_survival": 1.0,
        "best_return": 0.051967,
        "worst_return": -0.004731,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.043468,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.126275,
        "regime_survival": 1.0,
        "best_return": 0.072175,
        "worst_return": 0.014762,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.088002,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.279541,
        "regime_survival": 1.0,
        "best_return": 0.088002,
        "worst_return": 0.088002,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-06",
        "end": "2025-06-27",
        "tenure": "New",
        "return": -0.026117,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-04",
        "end": "2025-08-29",
        "tenure": "Developing",
        "return": 0.018327,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-05",
        "end": "2025-09-19",
        "tenure": "New",
        "return": -0.021867,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-09-26",
        "end": "2025-10-17",
        "tenure": "New",
        "return": 0.0267,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-24",
        "end": "2026-03-13",
        "tenure": "Established",
        "return": 0.013665,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-20",
        "end": "2026-04-10",
        "tenure": "New",
        "return": 0.080062,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-17",
        "end": "2026-05-01",
        "tenure": "New",
        "return": -0.017729,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-08",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": 0.087807,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-12-01",
        "close": 230.149994,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-08",
        "close": 233.550003,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-15",
        "close": 236.949997,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-22",
        "close": 237.100006,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-29",
        "close": 237.699997,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-05",
        "close": 236.5,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-12",
        "close": 237.199997,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-19",
        "close": 234.050003,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-26",
        "close": 243.050003,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-02",
        "close": 242.25,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-09",
        "close": 242.350006,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-16",
        "close": 245.100006,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-23",
        "close": 242.449997,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-01",
        "close": 247.449997,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-08",
        "close": 251.449997,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-15",
        "close": 250.949997,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-22",
        "close": 253.649994,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-29",
        "close": 255.050003,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-05",
        "close": 250.850006,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-12",
        "close": 250.300003,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-19",
        "close": 246.850006,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-26",
        "close": 252.550003,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-03",
        "close": 252.75,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-10",
        "close": 261.450012,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-17",
        "close": 261.700012,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-24",
        "close": 261.600006,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-31",
        "close": 260.600006,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-07",
        "close": 265.899994,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-14",
        "close": 260.049988,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-21",
        "close": 261.399994,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-28",
        "close": 258.700012,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-05",
        "close": 261.299988,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-12",
        "close": 265.799988,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-19",
        "close": 255.949997,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-26",
        "close": 257.950012,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-02",
        "close": 249.850006,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-09",
        "close": 251.300003,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-16",
        "close": 258.299988,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-23",
        "close": 262.100006,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-30",
        "close": 265.649994,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-06",
        "close": 255.25,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-13",
        "close": 258.899994,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-20",
        "close": 257.950012,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-27",
        "close": 266.25,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-04",
        "close": 260.799988,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-11",
        "close": 261.75,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-18",
        "close": 261.450012,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-25",
        "close": 258.399994,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-01",
        "close": 252.800003,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-08",
        "close": 248.050003,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-15",
        "close": 247.25,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-22",
        "close": 248.0,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-29",
        "close": 251.649994,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-06",
        "close": 255.399994,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-13",
        "close": 251.899994,
        "volume": 113,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-20",
        "close": 248.100006,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-27",
        "close": 250.199997,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-03",
        "close": 249.75,
        "volume": 600,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-10",
        "close": 253.449997,
        "volume": 2280,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-17",
        "close": 256.049988,
        "volume": 120,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-24",
        "close": 257.799988,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-31",
        "close": 260.850006,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-07",
        "close": 261.399994,
        "volume": 960,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-14",
        "close": 265.049988,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-21",
        "close": 266.850006,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-28",
        "close": 266.600006,
        "volume": 360,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-07",
        "close": 265.700012,
        "volume": 840,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-14",
        "close": 261.649994,
        "volume": 240,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-21",
        "close": 262.899994,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-28",
        "close": 258.549988,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-04",
        "close": 238.800003,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-11",
        "close": 233.800003,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-18",
        "close": 241.75,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-25",
        "close": 248.25,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-02",
        "close": 256.450012,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-09",
        "close": 257.549988,
        "volume": 117,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-16",
        "close": 262.0,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-23",
        "close": 260.450012,
        "volume": 467,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-30",
        "close": 264.149994,
        "volume": 585,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-06-06",
        "close": 264.200012,
        "volume": 117,
        "typical_volume": 184.3,
        "trend": 255.549999,
        "fair_value": 253.474375,
        "relative_strength": -12.267312,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.466511,
        "energy": 57.97699,
        "activity_lines": [
          262.700004,
          257.984548,
          256.788573,
          256.62785
        ]
      },
      {
        "date": "2025-06-13",
        "close": 259.25,
        "volume": 234,
        "typical_volume": 196.0,
        "trend": 255.949999,
        "fair_value": 253.545679,
        "relative_strength": -11.702289,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.666107,
        "energy": 44.510028,
        "activity_lines": [
          261.893337,
          259.168184,
          256.93262,
          256.866559
        ]
      },
      {
        "date": "2025-06-20",
        "close": 255.0,
        "volume": 0,
        "typical_volume": 196.0,
        "trend": 256.183332,
        "fair_value": 253.563415,
        "relative_strength": -12.391977,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 35.80065,
        "energy": 24.596825,
        "activity_lines": [
          259.556669,
          259.207275,
          256.665001,
          256.805269
        ]
      },
      {
        "date": "2025-06-27",
        "close": 257.299988,
        "volume": 0,
        "typical_volume": 148.0,
        "trend": 256.371665,
        "fair_value": 253.608434,
        "relative_strength": -12.951602,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 26.562163,
        "energy": 14.434711,
        "activity_lines": [
          258.453331,
          259.27909,
          256.644286,
          256.877311
        ]
      },
      {
        "date": "2025-07-04",
        "close": 256.450012,
        "volume": 117,
        "typical_volume": 153.85,
        "trend": 256.406666,
        "fair_value": 253.642262,
        "relative_strength": -12.253809,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 18.89453,
        "energy": 15.4347,
        "activity_lines": [
          257.276668,
          258.913638,
          256.562144,
          256.882366
        ]
      },
      {
        "date": "2025-07-11",
        "close": 257.049988,
        "volume": 117,
        "typical_volume": 159.7,
        "trend": 256.578333,
        "fair_value": 253.682353,
        "relative_strength": -13.629328,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -2.243784,
        "energy": 12.03622,
        "activity_lines": [
          256.81333,
          258.508181,
          256.578095,
          256.923871
        ]
      },
      {
        "date": "2025-07-18",
        "close": 257.799988,
        "volume": 117,
        "typical_volume": 147.55,
        "trend": 256.901665,
        "fair_value": 253.730232,
        "relative_strength": -13.113675,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -2.12051,
        "energy": 8.466509,
        "activity_lines": [
          257.07666,
          258.228179,
          256.712142,
          257.002687
        ]
      },
      {
        "date": "2025-07-25",
        "close": 259.450012,
        "volume": 117,
        "typical_volume": 111.4,
        "trend": 257.209999,
        "fair_value": 253.795977,
        "relative_strength": -13.938611,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -0.682232,
        "energy": 3.934383,
        "activity_lines": [
          257.986666,
          258.243636,
          257.045238,
          257.167097
        ]
      },
      {
        "date": "2025-08-01",
        "close": 252.649994,
        "volume": 351,
        "typical_volume": 116.95,
        "trend": 257.306666,
        "fair_value": 253.782954,
        "relative_strength": -13.611732,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -47.879664,
        "energy": 22.395053,
        "activity_lines": [
          256.333331,
          257.069089,
          256.760476,
          256.872903
        ]
      },
      {
        "date": "2025-08-08",
        "close": 258.700012,
        "volume": 936,
        "typical_volume": 163.75,
        "trend": 257.481666,
        "fair_value": 253.838202,
        "relative_strength": -16.097187,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -10.714949,
        "energy": 5.02875,
        "activity_lines": [
          257.006669,
          257.136364,
          257.094763,
          256.962796
        ]
      },
      {
        "date": "2025-08-15",
        "close": 263.200012,
        "volume": 234,
        "typical_volume": 175.45,
        "trend": 257.72,
        "fair_value": 253.942222,
        "relative_strength": -16.4297,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 35.571128,
        "energy": 22.10236,
        "activity_lines": [
          259.030007,
          258.120912,
          257.877621,
          257.331722
        ]
      },
      {
        "date": "2025-08-22",
        "close": 267.850006,
        "volume": 96,
        "typical_volume": 180.25,
        "trend": 258.055001,
        "fair_value": 254.095055,
        "relative_strength": -13.504158,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 49.277373,
        "energy": 54.51816,
        "activity_lines": [
          262.193341,
          259.969095,
          259.081193,
          257.98527
        ]
      },
      {
        "date": "2025-08-29",
        "close": 261.149994,
        "volume": 0,
        "typical_volume": 180.25,
        "trend": 258.065,
        "fair_value": 254.171739,
        "relative_strength": -12.142917,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 56.312731,
        "energy": 62.192279,
        "activity_lines": [
          262.453337,
          260.44273,
          259.508335,
          258.184947
        ]
      },
      {
        "date": "2025-09-05",
        "close": 262.950012,
        "volume": 0,
        "typical_volume": 180.25,
        "trend": 258.116668,
        "fair_value": 254.266129,
        "relative_strength": -10.840342,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.78299,
        "energy": 64.074549,
        "activity_lines": [
          263.200006,
          261.131823,
          259.976669,
          258.500109
        ]
      },
      {
        "date": "2025-09-12",
        "close": 260.600006,
        "volume": 702,
        "typical_volume": 215.35,
        "trend": 257.968335,
        "fair_value": 254.333511,
        "relative_strength": -12.179128,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 54.551549,
        "energy": 53.855184,
        "activity_lines": [
          262.476672,
          261.290914,
          260.120241,
          258.660325
        ]
      },
      {
        "date": "2025-09-19",
        "close": 257.200012,
        "volume": 217,
        "typical_volume": 226.2,
        "trend": 257.646668,
        "fair_value": 254.363685,
        "relative_strength": -12.548391,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 26.735236,
        "energy": 14.016369,
        "activity_lines": [
          260.493341,
          260.75637,
          259.881194,
          258.610755
        ]
      },
      {
        "date": "2025-09-26",
        "close": 256.549988,
        "volume": 0,
        "typical_volume": 220.35,
        "trend": 257.311668,
        "fair_value": 254.386459,
        "relative_strength": -12.77623,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 14.390143,
        "energy": 13.705349,
        "activity_lines": [
          258.693335,
          260.100913,
          259.576669,
          258.540002
        ]
      },
      {
        "date": "2025-10-03",
        "close": 263.549988,
        "volume": 0,
        "typical_volume": 220.35,
        "trend": 257.24,
        "fair_value": 254.480928,
        "relative_strength": -11.875899,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 39.079799,
        "energy": 21.443543,
        "activity_lines": [
          259.979997,
          260.74091,
          259.943573,
          258.942474
        ]
      },
      {
        "date": "2025-10-10",
        "close": 264.049988,
        "volume": 0,
        "typical_volume": 197.0,
        "trend": 257.32,
        "fair_value": 254.578571,
        "relative_strength": -9.566591,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 44.266596,
        "energy": 19.308034,
        "activity_lines": [
          261.273326,
          261.397271,
          260.350714,
          259.381828
        ]
      },
      {
        "date": "2025-10-17",
        "close": 263.399994,
        "volume": 0,
        "typical_volume": 167.75,
        "trend": 257.336667,
        "fair_value": 254.667677,
        "relative_strength": -7.635689,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 51.681224,
        "energy": 31.193991,
        "activity_lines": [
          262.276658,
          261.728178,
          260.678809,
          259.774086
        ]
      },
      {
        "date": "2025-10-24",
        "close": 267.100006,
        "volume": 117,
        "typical_volume": 167.75,
        "trend": 257.621667,
        "fair_value": 254.792,
        "relative_strength": -7.678205,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.554645,
        "energy": 60.189695,
        "activity_lines": [
          264.326662,
          262.646361,
          261.362857,
          260.403979
        ]
      },
      {
        "date": "2025-10-31",
        "close": 263.700012,
        "volume": 0,
        "typical_volume": 156.05,
        "trend": 258.451668,
        "fair_value": 254.880198,
        "relative_strength": -11.080225,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.143556,
        "energy": 55.618309,
        "activity_lines": [
          264.583335,
          262.875454,
          261.709287,
          260.79613
        ]
      },
      {
        "date": "2025-11-07",
        "close": 260.950012,
        "volume": 351,
        "typical_volume": 173.6,
        "trend": 259.356668,
        "fair_value": 254.939706,
        "relative_strength": -10.5908,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 50.989391,
        "energy": 38.235247,
        "activity_lines": [
          263.446673,
          262.680002,
          261.772621,
          260.957313
        ]
      },
      {
        "date": "2025-11-14",
        "close": 265.5,
        "volume": 351,
        "typical_volume": 191.15,
        "trend": 260.148335,
        "fair_value": 255.042233,
        "relative_strength": -10.475493,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.139246,
        "energy": 36.782335,
        "activity_lines": [
          264.000006,
          263.315456,
          262.240954,
          261.353657
        ]
      },
      {
        "date": "2025-11-21",
        "close": 261.350006,
        "volume": 702,
        "typical_volume": 220.4,
        "trend": 260.585002,
        "fair_value": 255.102885,
        "relative_strength": -10.251625,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 33.013907,
        "energy": 16.183415,
        "activity_lines": [
          263.07334,
          263.150003,
          262.275002,
          261.431185
        ]
      },
      {
        "date": "2025-11-28",
        "close": 267.700012,
        "volume": 2430,
        "typical_volume": 336.05,
        "trend": 260.960002,
        "fair_value": 255.222858,
        "relative_strength": -11.625227,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.823595,
        "energy": 29.970854,
        "activity_lines": [
          264.400008,
          264.125459,
          262.890479,
          261.890218
        ]
      },
      {
        "date": "2025-12-05",
        "close": 268.100006,
        "volume": 117,
        "typical_volume": 336.05,
        "trend": 261.311669,
        "fair_value": 255.34434,
        "relative_strength": -12.231304,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.925014,
        "energy": 44.410828,
        "activity_lines": [
          265.820007,
          264.982733,
          263.493337,
          262.350863
        ]
      },
      {
        "date": "2025-12-12",
        "close": 267.200012,
        "volume": 1170,
        "typical_volume": 388.7,
        "trend": 261.485003,
        "fair_value": 255.455141,
        "relative_strength": -12.423962,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.107865,
        "energy": 46.850279,
        "activity_lines": [
          266.646675,
          265.466371,
          263.961433,
          262.730756
        ]
      },
      {
        "date": "2025-12-19",
        "close": 272.600006,
        "volume": 468,
        "typical_volume": 394.55,
        "trend": 261.890002,
        "fair_value": 255.613889,
        "relative_strength": -12.416663,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.827573,
        "energy": 71.449386,
        "activity_lines": [
          268.856675,
          266.865462,
          264.906909,
          263.447853
        ]
      },
      {
        "date": "2025-12-26",
        "close": 272.0,
        "volume": 0,
        "typical_volume": 347.75,
        "trend": 262.151669,
        "fair_value": 255.764221,
        "relative_strength": -12.336043,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.791532,
        "energy": 71.702051,
        "activity_lines": [
          270.393339,
          268.000007,
          265.700242,
          264.100111
        ]
      },
      {
        "date": "2026-01-02",
        "close": 274.549988,
        "volume": 1872,
        "typical_volume": 429.65,
        "trend": 262.496668,
        "fair_value": 255.935,
        "relative_strength": -12.757262,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.870729,
        "energy": 79.416041,
        "activity_lines": [
          272.069999,
          269.441821,
          266.673098,
          264.900003
        ]
      },
      {
        "date": "2026-01-09",
        "close": 279.700012,
        "volume": 880,
        "typical_volume": 468.85,
        "trend": 263.178336,
        "fair_value": 256.1491,
        "relative_strength": -11.456802,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.969808,
        "energy": 88.045248,
        "activity_lines": [
          275.006669,
          271.68455,
          268.082385,
          266.009896
        ]
      },
      {
        "date": "2026-01-16",
        "close": 279.450012,
        "volume": 330,
        "typical_volume": 485.35,
        "trend": 263.993336,
        "fair_value": 256.357144,
        "relative_strength": -12.13986,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.522918,
        "energy": 88.221919,
        "activity_lines": [
          277.086672,
          273.590915,
          269.411433,
          267.059681
        ]
      },
      {
        "date": "2026-01-23",
        "close": 275.450012,
        "volume": 770,
        "typical_volume": 523.85,
        "trend": 264.598337,
        "fair_value": 256.526107,
        "relative_strength": -13.674548,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.123723,
        "energy": 77.89268,
        "activity_lines": [
          277.016675,
          274.433643,
          270.272386,
          267.798822
        ]
      },
      {
        "date": "2026-01-30",
        "close": 276.649994,
        "volume": 1100,
        "typical_volume": 543.75,
        "trend": 265.271669,
        "fair_value": 256.702632,
        "relative_strength": -14.10627,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.354012,
        "energy": 67.732038,
        "activity_lines": [
          277.156671,
          275.313641,
          271.1881,
          268.576348
        ]
      },
      {
        "date": "2026-02-06",
        "close": 279.899994,
        "volume": 110,
        "typical_volume": 538.4,
        "trend": 266.033336,
        "fair_value": 256.904348,
        "relative_strength": -13.506872,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.801685,
        "energy": 58.655606,
        "activity_lines": [
          278.070001,
          276.506366,
          272.336908,
          269.520111
        ]
      },
      {
        "date": "2026-02-13",
        "close": 280.0,
        "volume": 0,
        "typical_volume": 538.4,
        "trend": 266.773337,
        "fair_value": 257.103449,
        "relative_strength": -12.369465,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.049557,
        "energy": 58.18213,
        "activity_lines": [
          278.66,
          277.495456,
          273.387146,
          270.421186
        ]
      },
      {
        "date": "2026-02-20",
        "close": 286.399994,
        "volume": 0,
        "typical_volume": 538.4,
        "trend": 267.671669,
        "fair_value": 257.353847,
        "relative_strength": -12.729682,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.500756,
        "energy": 86.621561,
        "activity_lines": [
          281.36333,
          279.431818,
          274.935241,
          271.687422
        ]
      },
      {
        "date": "2026-02-27",
        "close": 290.799988,
        "volume": 0,
        "typical_volume": 538.4,
        "trend": 268.943336,
        "fair_value": 257.637289,
        "relative_strength": -9.336221,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.860403,
        "energy": 95.208241,
        "activity_lines": [
          285.069993,
          281.819089,
          276.793573,
          273.179571
        ]
      },
      {
        "date": "2026-03-06",
        "close": 273.25,
        "volume": 550,
        "typical_volume": 565.9,
        "trend": 269.428336,
        "fair_value": 257.768488,
        "relative_strength": -9.758577,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.497133,
        "energy": 53.462994,
        "activity_lines": [
          281.903329,
          280.684543,
          276.853096,
          273.457421
        ]
      },
      {
        "date": "2026-03-13",
        "close": 270.75,
        "volume": 296,
        "typical_volume": 574.85,
        "trend": 269.680002,
        "fair_value": 257.876667,
        "relative_strength": -7.897631,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 32.146214,
        "energy": 29.042432,
        "activity_lines": [
          278.129997,
          279.072725,
          276.62762,
          273.542689
        ]
      },
      {
        "date": "2026-03-20",
        "close": 259.799988,
        "volume": 0,
        "typical_volume": 574.85,
        "trend": 269.411668,
        "fair_value": 257.892562,
        "relative_strength": -10.099059,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "up",
        "direction": -8.257837,
        "energy": 21.944135,
        "activity_lines": [
          271.316661,
          275.539086,
          275.341904,
          272.905269
        ]
      },
      {
        "date": "2026-03-27",
        "close": 263.149994,
        "volume": 2090,
        "typical_volume": 661.8,
        "trend": 269.478335,
        "fair_value": 257.935656,
        "relative_strength": -9.878658,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -32.87003,
        "energy": 41.987212,
        "activity_lines": [
          266.966661,
          272.976358,
          274.393808,
          272.50129
        ]
      },
      {
        "date": "2026-04-03",
        "close": 272.75,
        "volume": 255,
        "typical_volume": 657.0,
        "trend": 269.805001,
        "fair_value": 258.056098,
        "relative_strength": -9.360505,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -20.850844,
        "energy": 34.573398,
        "activity_lines": [
          267.366663,
          272.45545,
          274.349522,
          272.712365
        ]
      },
      {
        "date": "2026-04-10",
        "close": 280.600006,
        "volume": 334,
        "typical_volume": 638.6,
        "trend": 270.471667,
        "fair_value": 258.237904,
        "relative_strength": -12.017184,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "up",
        "direction": 19.624687,
        "energy": 22.391569,
        "activity_lines": [
          271.586666,
          273.410906,
          275.018332,
          273.408817
        ]
      },
      {
        "date": "2026-04-17",
        "close": 284.850006,
        "volume": 0,
        "typical_volume": 517.1,
        "trend": 271.393334,
        "fair_value": 258.4508,
        "relative_strength": -12.416277,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 49.572516,
        "energy": 25.96305,
        "activity_lines": [
          276.733335,
          275.067272,
          276.000237,
          274.336452
        ]
      },
      {
        "date": "2026-04-24",
        "close": 278.799988,
        "volume": 0,
        "typical_volume": 511.25,
        "trend": 272.135001,
        "fair_value": 258.612302,
        "relative_strength": -10.841292,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 37.354105,
        "energy": 31.733438,
        "activity_lines": [
          278.923332,
          275.533634,
          276.324284,
          274.814301
        ]
      },
      {
        "date": "2026-05-01",
        "close": 279.799988,
        "volume": 226,
        "typical_volume": 464.05,
        "trend": 272.676667,
        "fair_value": 258.779134,
        "relative_strength": -10.711558,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 40.350178,
        "energy": 34.918585,
        "activity_lines": [
          280.179995,
          276.203632,
          276.692616,
          275.308816
        ]
      },
      {
        "date": "2026-05-08",
        "close": 281.299988,
        "volume": 113,
        "typical_volume": 446.3,
        "trend": 273.251667,
        "fair_value": 258.955078,
        "relative_strength": -11.213104,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 52.629286,
        "energy": 42.405971,
        "activity_lines": [
          280.826658,
          277.266358,
          277.143805,
          275.865159
        ]
      },
      {
        "date": "2026-05-15",
        "close": 277.799988,
        "volume": 0,
        "typical_volume": 446.3,
        "trend": 273.731667,
        "fair_value": 259.101163,
        "relative_strength": -11.595895,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 47.266188,
        "energy": 30.970814,
        "activity_lines": [
          279.736656,
          277.865448,
          277.220233,
          276.158599
        ]
      },
      {
        "date": "2026-05-22",
        "close": 287.700012,
        "volume": 0,
        "typical_volume": 352.7,
        "trend": 274.418334,
        "fair_value": 259.321154,
        "relative_strength": -9.959034,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.36174,
        "energy": 37.621671,
        "activity_lines": [
          282.133329,
          280.181814,
          278.211901,
          277.059783
        ]
      },
      {
        "date": "2026-05-29",
        "close": 287.950012,
        "volume": 84,
        "typical_volume": 312.9,
        "trend": 275.226667,
        "fair_value": 259.539695,
        "relative_strength": -11.908168,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.712723,
        "energy": 43.067239,
        "activity_lines": [
          284.423336,
          282.235454,
          279.16476,
          277.932794
        ]
      },
      {
        "date": "2026-06-05",
        "close": 287.450012,
        "volume": 0,
        "typical_volume": 296.4,
        "trend": 276.110001,
        "fair_value": 259.751137,
        "relative_strength": -10.733984,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.742377,
        "energy": 54.146105,
        "activity_lines": [
          285.936674,
          283.686365,
          280.030713,
          278.721397
        ]
      },
      {
        "date": "2026-06-12",
        "close": 290.799988,
        "volume": 0,
        "typical_volume": 257.9,
        "trend": 276.953334,
        "fair_value": 259.984587,
        "relative_strength": -11.793358,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.698451,
        "energy": 68.738275,
        "activity_lines": [
          288.056669,
          285.304545,
          281.177617,
          279.669138
        ]
      },
      {
        "date": "2026-06-19",
        "close": 292.700012,
        "volume": 0,
        "typical_volume": 202.9,
        "trend": 277.998334,
        "fair_value": 260.228732,
        "relative_strength": -14.437178,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.459914,
        "energy": 73.450696,
        "activity_lines": [
          290.176672,
          286.940002,
          282.43238,
          280.685053
        ]
      },
      {
        "date": "2026-06-26",
        "close": 293.350006,
        "volume": 0,
        "typical_volume": 197.4,
        "trend": 278.853334,
        "fair_value": 260.474074,
        "relative_strength": -12.221285,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.189452,
        "energy": 76.229966,
        "activity_lines": [
          291.520005,
          288.473639,
          283.672619,
          281.675484
        ]
      },
      {
        "date": "2026-07-03",
        "close": 302.950012,
        "volume": 0,
        "typical_volume": 197.4,
        "trend": 280.015,
        "fair_value": 260.786397,
        "relative_strength": -11.149664,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 89.110949,
        "energy": 89.160965,
        "activity_lines": [
          295.686674,
          291.598187,
          285.763097,
          283.230108
        ]
      },
      {
        "date": "2026-07-10",
        "close": 298.700012,
        "volume": 0,
        "typical_volume": 197.4,
        "trend": 281.065,
        "fair_value": 261.063139,
        "relative_strength": -10.929571,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.963463,
        "energy": 85.617724,
        "activity_lines": [
          297.436676,
          293.510916,
          287.339527,
          284.435593
        ]
      },
      {
        "date": "2026-07-17",
        "close": 298.850006,
        "volume": 102,
        "typical_volume": 202.5,
        "trend": 281.94,
        "fair_value": 261.336957,
        "relative_strength": -8.848348,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.514843,
        "energy": 83.72155,
        "activity_lines": [
          298.486676,
          295.10728,
          288.87167,
          285.583012
        ]
      },
      {
        "date": "2026-07-24",
        "close": 299.799988,
        "volume": 0,
        "typical_volume": 175.0,
        "trend": 282.866667,
        "fair_value": 261.61367,
        "relative_strength": -9.50023,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.1666,
        "energy": 82.98271,
        "activity_lines": [
          299.316669,
          296.557277,
          290.455955,
          286.73527
        ]
      },
      {
        "date": "2026-07-31",
        "close": 300.5,
        "volume": 0,
        "typical_volume": 160.2,
        "trend": 283.731667,
        "fair_value": 261.891429,
        "relative_strength": -8.97121,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.360317,
        "energy": 66.645569,
        "activity_lines": [
          299.906667,
          297.734549,
          291.980478,
          287.872904
        ]
      },
      {
        "date": "2026-08-07",
        "close": 306.0,
        "volume": 0,
        "typical_volume": 160.2,
        "trend": 284.608333,
        "fair_value": 262.204256,
        "relative_strength": -9.720486,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.302572,
        "energy": 73.794438,
        "activity_lines": [
          301.853333,
          299.679093,
          293.887145,
          289.309571
        ]
      }
    ],
    "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."
    }
  }
}