{
  "ticker": {
    "uuid": "0aed968e-1d52-4412-a58c-ac708e38d113",
    "symbol": "688047",
    "name": "Loongson Technology Corporation Limited",
    "exchange": "SHH",
    "country": "CN",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "000001.SS",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -66.6,
    "architecture_energy": 81.247,
    "architecture_maturity": 26.133,
    "architecture_confidence": 82.951,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 11.15,
        "rotation_up": 8.28,
        "upward_expansion": 19.17,
        "deceleration": 37.01,
        "rotation_down": 79.16,
        "downward_expansion": 94.84
      },
      "activity_lines": [
        112.156666,
        122.412727,
        134.173572,
        138.792215
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 112.089996,
    "trend_reference": 144.944,
    "distance_from_trend": -0.226667,
    "trend_direction": "Weakening",
    "fair_value": 120.897436,
    "distance_from_fair_value": -0.072851,
    "fair_value_direction": "Weakening",
    "relative_strength": -20.314259,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.329966,
    "excess_performance": -0.286762,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.226667,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.011878,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.072851,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.512147,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.203143,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.337841,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.329966,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.676018,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 22785016,
      "relative_activity": 0.626919,
      "balance": 0.676018,
      "dry_up": 0.868954,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.140656,
      "annualized_volatility": 0.519665,
      "from_high_reference": -0.447969,
      "from_low_reference": 0.113329
    },
    "levels": {
      "trend_reference": 144.944,
      "fair_value_reference": 120.897436,
      "structural_low": 100.68,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 4,
        "median_return": 0.072462,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": 0.080243,
        "regime_survival": 0.5,
        "best_return": 0.175511,
        "worst_return": -0.025394,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.182511,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.119799,
        "regime_survival": 0.0,
        "best_return": 0.263523,
        "worst_return": 0.101499,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.480838,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.367995,
        "regime_survival": 0.0,
        "best_return": 0.940126,
        "worst_return": 0.021551,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.419182,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.283082,
        "regime_survival": 0.0,
        "best_return": 0.787229,
        "worst_return": 0.051135,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-04",
        "end": "2025-01-03",
        "tenure": "Established",
        "return": 0.033356,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-10",
        "end": "2025-03-14",
        "tenure": "Developing",
        "return": 0.120813,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-21",
        "end": "2025-05-23",
        "tenure": "Developing",
        "return": -0.035179,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-30",
        "end": "2025-07-04",
        "tenure": "Developing",
        "return": 0.026958,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-11",
        "end": "2025-09-26",
        "tenure": "Developing",
        "return": 0.164361,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-03",
        "end": "2025-12-19",
        "tenure": "Developing",
        "return": -0.111027,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-26",
        "end": "2026-01-16",
        "tenure": "New",
        "return": 0.08263,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-23",
        "end": "2026-03-06",
        "tenure": "Developing",
        "return": -0.223005,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-03-13",
        "end": "2026-04-03",
        "tenure": "New",
        "return": -0.124492,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-04-10",
        "end": "2026-04-24",
        "tenure": "New",
        "return": 0.155105,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-01",
        "end": "2026-05-08",
        "tenure": "New",
        "return": 0.04566,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-15",
        "end": "2026-06-12",
        "tenure": "Developing",
        "return": -0.12139,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-06-19",
        "end": "2026-07-10",
        "tenure": "New",
        "return": 0.004164,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-07-17",
        "end": "2026-08-07",
        "tenure": "New",
        "return": -0.019335,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-07-28",
        "close": 96.860001,
        "volume": 7674458,
        "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": "2023-08-04",
        "close": 100.309998,
        "volume": 20147078,
        "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": "2023-08-11",
        "close": 93.519997,
        "volume": 22942276,
        "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": "2023-08-18",
        "close": 91.839996,
        "volume": 10604534,
        "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": "2023-08-25",
        "close": 88.699997,
        "volume": 13026989,
        "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": "2023-09-01",
        "close": 94.0,
        "volume": 17539656,
        "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": "2023-09-08",
        "close": 91.470001,
        "volume": 16620919,
        "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": "2023-09-15",
        "close": 90.959999,
        "volume": 14443398,
        "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": "2023-09-22",
        "close": 88.18,
        "volume": 9341163,
        "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": "2023-09-29",
        "close": 86.879997,
        "volume": 5646568,
        "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": "2023-10-13",
        "close": 89.230003,
        "volume": 16789486,
        "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": "2023-10-20",
        "close": 88.18,
        "volume": 20485617,
        "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": "2023-10-27",
        "close": 79.459999,
        "volume": 18913922,
        "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": "2023-11-03",
        "close": 83.93,
        "volume": 14201470,
        "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": "2023-11-10",
        "close": 88.510002,
        "volume": 20140377,
        "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": "2023-11-17",
        "close": 94.830002,
        "volume": 23514033,
        "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": "2023-11-24",
        "close": 92.529999,
        "volume": 22793330,
        "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": "2023-12-01",
        "close": 114.099998,
        "volume": 64086077,
        "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": 125.550003,
        "volume": 60336464,
        "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": 118.830002,
        "volume": 36347862,
        "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": 113.879997,
        "volume": 22160387,
        "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": 110.610001,
        "volume": 19466871,
        "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": 104.879997,
        "volume": 12577203,
        "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": 93.82,
        "volume": 15304328,
        "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": 91.5,
        "volume": 11360746,
        "typical_volume": 22103493.85,
        "trend": 99.602666,
        "fair_value": 103.7165,
        "relative_strength": -10.02256,
        "stage": 4,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "mixed",
        "direction": -17.04609,
        "energy": 21.506544,
        "activity_lines": [
          98.834666,
          104.991091,
          100.693048,
          98.810322
        ]
      },
      {
        "date": "2024-01-26",
        "close": 90.580002,
        "volume": 18166620,
        "typical_volume": 22134842.05,
        "trend": 97.996666,
        "fair_value": 103.554321,
        "relative_strength": -13.540156,
        "stage": 4,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "mixed",
        "direction": -12.240498,
        "energy": 26.159301,
        "activity_lines": [
          94.715334,
          102.177818,
          100.075286,
          98.228215
        ]
      },
      {
        "date": "2024-02-02",
        "close": 75.82,
        "volume": 20065131,
        "typical_volume": 22307052.65,
        "trend": 96.697666,
        "fair_value": 103.216097,
        "relative_strength": -22.692112,
        "stage": 4,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "mixed",
        "direction": -40.078903,
        "energy": 40.823836,
        "activity_lines": [
          87.229334,
          96.758182,
          98.068095,
          96.797462
        ]
      },
      {
        "date": "2024-02-09",
        "close": 82.07,
        "volume": 16312881,
        "typical_volume": 22400526.8,
        "trend": 95.663666,
        "fair_value": 102.961325,
        "relative_strength": -20.053092,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -28.36466,
        "energy": 47.919835,
        "activity_lines": [
          84.146,
          92.778727,
          96.730667,
          95.853742
        ]
      },
      {
        "date": "2024-02-23",
        "close": 91.0,
        "volume": 18562946,
        "typical_volume": 22861615.95,
        "trend": 95.060333,
        "fair_value": 102.818929,
        "relative_strength": -15.242426,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -23.237691,
        "energy": 42.309187,
        "activity_lines": [
          85.56,
          91.005273,
          96.286048,
          95.55286
        ]
      },
      {
        "date": "2024-03-01",
        "close": 100.0,
        "volume": 26426276,
        "typical_volume": 23900601.35,
        "trend": 95.067666,
        "fair_value": 102.785765,
        "relative_strength": -7.44859,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -9.887179,
        "energy": 18.04826,
        "activity_lines": [
          90.162,
          91.496364,
          96.685143,
          95.871548
        ]
      },
      {
        "date": "2024-03-08",
        "close": 99.269997,
        "volume": 22550820,
        "typical_volume": 24188668.05,
        "trend": 95.148,
        "fair_value": 102.744884,
        "relative_strength": -8.507737,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 7.420177,
        "energy": 6.168607,
        "activity_lines": [
          93.953999,
          92.19709,
          96.952238,
          96.142666
        ]
      },
      {
        "date": "2024-03-15",
        "close": 102.129997,
        "volume": 22423975,
        "typical_volume": 24285585.95,
        "trend": 95.208666,
        "fair_value": 102.737816,
        "relative_strength": -5.961669,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 21.159866,
        "energy": 20.317416,
        "activity_lines": [
          98.119998,
          93.683454,
          97.443904,
          96.593118
        ]
      },
      {
        "date": "2024-03-22",
        "close": 94.709999,
        "volume": 16785512,
        "typical_volume": 24179165.45,
        "trend": 95.248333,
        "fair_value": 102.646591,
        "relative_strength": -12.454733,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 15.416384,
        "energy": 18.992365,
        "activity_lines": [
          98.058665,
          93.974908,
          97.162476,
          96.560946
        ]
      },
      {
        "date": "2024-03-29",
        "close": 87.260002,
        "volume": 12534148,
        "typical_volume": 24095799.35,
        "trend": 95.095666,
        "fair_value": 102.473708,
        "relative_strength": -18.604077,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -1.375723,
        "energy": 6.406576,
        "activity_lines": [
          94.671333,
          93.096727,
          96.098904,
          96.04557
        ]
      },
      {
        "date": "2024-04-05",
        "close": 87.010002,
        "volume": 6870033,
        "typical_volume": 23432282.15,
        "trend": 95.039333,
        "fair_value": 102.301889,
        "relative_strength": -18.869788,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -23.282187,
        "energy": 14.489269,
        "activity_lines": [
          91.45,
          92.292364,
          94.995666,
          95.523914
        ]
      },
      {
        "date": "2024-04-12",
        "close": 80.339996,
        "volume": 10675127,
        "typical_volume": 22790336.85,
        "trend": 94.584,
        "fair_value": 102.060549,
        "relative_strength": -23.083064,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -63.48992,
        "energy": 51.781289,
        "activity_lines": [
          86.871333,
          90.356908,
          93.264333,
          94.57557
        ]
      },
      {
        "date": "2024-04-19",
        "close": 77.830002,
        "volume": 10237947,
        "typical_volume": 22162567.7,
        "trend": 94.129333,
        "fair_value": 101.797174,
        "relative_strength": -25.749348,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.793214,
        "energy": 66.650546,
        "activity_lines": [
          82.718,
          88.151272,
          91.362952,
          93.494666
        ]
      },
      {
        "date": "2024-04-26",
        "close": 83.870003,
        "volume": 8724384,
        "typical_volume": 19394483.05,
        "trend": 93.893,
        "fair_value": 101.604409,
        "relative_strength": -19.673355,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.118116,
        "energy": 62.488386,
        "activity_lines": [
          82.198001,
          87.007273,
          90.10681,
          92.832774
        ]
      },
      {
        "date": "2024-05-03",
        "close": 86.790001,
        "volume": 5507186,
        "typical_volume": 16653019.15,
        "trend": 93.846667,
        "fair_value": 101.446808,
        "relative_strength": -16.450344,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.360687,
        "energy": 55.789784,
        "activity_lines": [
          83.374001,
          86.361455,
          89.272714,
          92.374516
        ]
      },
      {
        "date": "2024-05-10",
        "close": 86.300003,
        "volume": 12262889,
        "typical_volume": 15448770.5,
        "trend": 93.827334,
        "fair_value": 101.287368,
        "relative_strength": -17.378923,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.163031,
        "energy": 39.183265,
        "activity_lines": [
          84.418002,
          85.703092,
          88.576524,
          91.887635
        ]
      },
      {
        "date": "2024-05-17",
        "close": 91.489998,
        "volume": 11906442,
        "typical_volume": 14936073.25,
        "trend": 93.902667,
        "fair_value": 101.185312,
        "relative_strength": -11.783792,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -36.463999,
        "energy": 19.439521,
        "activity_lines": [
          87.239334,
          86.237455,
          88.529524,
          91.736839
        ]
      },
      {
        "date": "2024-05-24",
        "close": 92.610001,
        "volume": 20018898,
        "typical_volume": 14963674.6,
        "trend": 94.050333,
        "fair_value": 101.096907,
        "relative_strength": -8.230874,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -25.962872,
        "energy": 17.32899,
        "activity_lines": [
          89.690667,
          87.11691,
          88.69581,
          91.653441
        ]
      },
      {
        "date": "2024-05-31",
        "close": 101.889999,
        "volume": 23629211,
        "typical_volume": 15516275.0,
        "trend": 94.798,
        "fair_value": 101.105,
        "relative_strength": 1.739577,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 9.224998,
        "energy": 18.379494,
        "activity_lines": [
          94.25,
          89.856728,
          89.831619,
          92.159226
        ]
      },
      {
        "date": "2024-06-07",
        "close": 95.900002,
        "volume": 16619046,
        "typical_volume": 15582010.9,
        "trend": 95.197,
        "fair_value": 101.052424,
        "relative_strength": -2.028374,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 15.09593,
        "energy": 23.389642,
        "activity_lines": [
          95.611334,
          91.37691,
          90.411191,
          92.230323
        ]
      },
      {
        "date": "2024-06-14",
        "close": 98.0,
        "volume": 12997187,
        "typical_volume": 15663832.95,
        "trend": 95.513333,
        "fair_value": 101.0219,
        "relative_strength": 1.630727,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 20.659972,
        "energy": 29.511335,
        "activity_lines": [
          97.065334,
          93.121819,
          91.180858,
          92.411161
        ]
      },
      {
        "date": "2024-06-21",
        "close": 97.389999,
        "volume": 16117362,
        "typical_volume": 15561370.05,
        "trend": 95.598667,
        "fair_value": 100.985941,
        "relative_strength": 2.892586,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 19.278203,
        "energy": 32.964985,
        "activity_lines": [
          97.536,
          94.556,
          91.861476,
          92.532237
        ]
      },
      {
        "date": "2024-06-28",
        "close": 87.93,
        "volume": 12521393,
        "typical_volume": 15184183.15,
        "trend": 95.445333,
        "fair_value": 100.857941,
        "relative_strength": -5.450793,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "down",
        "direction": -16.561367,
        "energy": 13.541687,
        "activity_lines": [
          94.46,
          93.960182,
          91.608715,
          92.037484
        ]
      },
      {
        "date": "2024-07-05",
        "close": 85.760002,
        "volume": 6711283,
        "typical_volume": 14704103.25,
        "trend": 94.500667,
        "fair_value": 100.711359,
        "relative_strength": -6.41576,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -38.992908,
        "energy": 18.298428,
        "activity_lines": [
          90.972667,
          92.786182,
          91.091619,
          91.412624
        ]
      },
      {
        "date": "2024-07-12",
        "close": 87.129997,
        "volume": 8888769,
        "typical_volume": 14220394.4,
        "trend": 93.22,
        "fair_value": 100.580769,
        "relative_strength": -5.221504,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -38.884394,
        "energy": 25.867747,
        "activity_lines": [
          89.017333,
          91.826909,
          90.687429,
          90.937097
        ]
      },
      {
        "date": "2024-07-19",
        "close": 98.339996,
        "volume": 18928341,
        "typical_volume": 13845497.65,
        "trend": 92.537,
        "fair_value": 100.559428,
        "relative_strength": 6.736938,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 9.919379,
        "energy": 12.631077,
        "activity_lines": [
          91.383332,
          92.899635,
          91.369285,
          91.267419
        ]
      },
      {
        "date": "2024-07-26",
        "close": 99.160004,
        "volume": 23333148,
        "typical_volume": 13884614.05,
        "trend": 92.046333,
        "fair_value": 100.546226,
        "relative_strength": 10.98847,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 23.59482,
        "energy": 10.643904,
        "activity_lines": [
          94.0,
          93.902545,
          92.137143,
          91.69471
        ]
      },
      {
        "date": "2024-08-02",
        "close": 102.900002,
        "volume": 23449428,
        "typical_volume": 13935886.7,
        "trend": 91.789333,
        "fair_value": 100.568224,
        "relative_strength": 14.323344,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 58.576678,
        "energy": 46.662225,
        "activity_lines": [
          97.745334,
          95.446,
          93.261715,
          92.394946
        ]
      },
      {
        "date": "2024-08-09",
        "close": 94.959999,
        "volume": 16324499,
        "typical_volume": 13912836.05,
        "trend": 91.458667,
        "fair_value": 100.516296,
        "relative_strength": 6.852735,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 48.732261,
        "energy": 40.984103,
        "activity_lines": [
          97.846,
          95.358727,
          93.626429,
          92.599506
        ]
      },
      {
        "date": "2024-08-16",
        "close": 98.040001,
        "volume": 9400528,
        "typical_volume": 13756155.05,
        "trend": 91.599333,
        "fair_value": 100.493578,
        "relative_strength": 9.418136,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 49.791436,
        "energy": 45.972252,
        "activity_lines": [
          98.360001,
          95.957455,
          94.283286,
          93.024108
        ]
      },
      {
        "date": "2024-08-23",
        "close": 90.900002,
        "volume": 10184592,
        "typical_volume": 13921883.0,
        "trend": 91.579334,
        "fair_value": 100.406364,
        "relative_strength": 2.180962,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 39.369956,
        "energy": 23.146363,
        "activity_lines": [
          95.766668,
          95.219091,
          94.20881,
          92.97899
        ]
      },
      {
        "date": "2024-08-30",
        "close": 90.959999,
        "volume": 9472722,
        "typical_volume": 13861762.75,
        "trend": 91.592,
        "fair_value": 100.321261,
        "relative_strength": 2.516132,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 21.624294,
        "energy": 12.090969,
        "activity_lines": [
          93.689334,
          94.620728,
          94.121524,
          92.939032
        ]
      },
      {
        "date": "2024-09-06",
        "close": 93.839996,
        "volume": 9209430,
        "typical_volume": 13810336.9,
        "trend": 92.192667,
        "fair_value": 100.263393,
        "relative_strength": 8.351356,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 24.347843,
        "energy": 13.800005,
        "activity_lines": [
          93.118666,
          94.662909,
          94.257952,
          93.084064
        ]
      },
      {
        "date": "2024-09-13",
        "close": 89.800003,
        "volume": 8973025,
        "typical_volume": 13822768.95,
        "trend": 92.450333,
        "fair_value": 100.170796,
        "relative_strength": 5.844573,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -14.409847,
        "energy": 14.833468,
        "activity_lines": [
          91.805333,
          93.863091,
          93.933381,
          92.929699
        ]
      },
      {
        "date": "2024-09-20",
        "close": 89.529999,
        "volume": 4419303,
        "typical_volume": 13768374.8,
        "trend": 92.401333,
        "fair_value": 100.077456,
        "relative_strength": 4.04995,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -15.00654,
        "energy": 17.374995,
        "activity_lines": [
          90.746,
          92.940727,
          93.554857,
          92.74129
        ]
      },
      {
        "date": "2024-09-27",
        "close": 99.68,
        "volume": 11361643,
        "typical_volume": 13723312.5,
        "trend": 92.390667,
        "fair_value": 100.074,
        "relative_strength": 2.492067,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 28.486543,
        "energy": 11.445649,
        "activity_lines": [
          93.637333,
          93.820182,
          94.129952,
          93.210882
        ]
      },
      {
        "date": "2024-10-04",
        "close": 119.620003,
        "volume": 8256723,
        "typical_volume": 13540826.55,
        "trend": 93.069,
        "fair_value": 100.2425,
        "relative_strength": 13.284162,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.474249,
        "energy": 63.507081,
        "activity_lines": [
          102.590001,
          98.300728,
          96.540381,
          94.967613
        ]
      },
      {
        "date": "2024-10-11",
        "close": 124.599998,
        "volume": 43006594,
        "typical_volume": 14690211.35,
        "trend": 93.818,
        "fair_value": 100.450684,
        "relative_strength": 21.55839,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.783675,
        "energy": 73.849822,
        "activity_lines": [
          111.292,
          103.314727,
          99.291143,
          97.001871
        ]
      },
      {
        "date": "2024-10-18",
        "close": 151.0,
        "volume": 41089852,
        "typical_volume": 15563243.4,
        "trend": 95.694334,
        "fair_value": 100.879068,
        "relative_strength": 43.823585,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.41976,
        "energy": 89.29298,
        "activity_lines": [
          126.743333,
          112.734182,
          104.403857,
          100.691032
        ]
      },
      {
        "date": "2024-10-25",
        "close": 139.5,
        "volume": 33528944,
        "typical_volume": 16408738.3,
        "trend": 97.435667,
        "fair_value": 101.203613,
        "relative_strength": 30.344246,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.682634,
        "energy": 86.690552,
        "activity_lines": [
          134.281333,
          119.043818,
          108.187476,
          103.517204
        ]
      },
      {
        "date": "2024-11-01",
        "close": 127.82,
        "volume": 26903375,
        "typical_volume": 17104047.7,
        "trend": 98.796,
        "fair_value": 101.425417,
        "relative_strength": 19.538859,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.602443,
        "energy": 81.611308,
        "activity_lines": [
          134.594667,
          122.476,
          110.651095,
          105.477484
        ]
      },
      {
        "date": "2024-11-08",
        "close": 141.720001,
        "volume": 37439714,
        "typical_volume": 18170165.3,
        "trend": 100.842,
        "fair_value": 101.75843,
        "relative_strength": 24.637219,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.598687,
        "energy": 78.620471,
        "activity_lines": [
          137.665334,
          127.764182,
          114.296524,
          108.246774
        ]
      },
      {
        "date": "2024-11-15",
        "close": 138.080002,
        "volume": 39416707,
        "typical_volume": 19514931.0,
        "trend": 102.850334,
        "fair_value": 102.056148,
        "relative_strength": 24.968599,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.617654,
        "energy": 52.749716,
        "activity_lines": [
          138.049334,
          131.467637,
          117.384191,
          110.649226
        ]
      },
      {
        "date": "2024-11-22",
        "close": 144.779999,
        "volume": 27153054,
        "typical_volume": 20537019.55,
        "trend": 104.880667,
        "fair_value": 102.403496,
        "relative_strength": 32.561031,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.341434,
        "energy": 50.93159,
        "activity_lines": [
          139.768,
          135.584909,
          120.871143,
          113.354366
        ]
      },
      {
        "date": "2024-11-29",
        "close": 165.199997,
        "volume": 36730142,
        "typical_volume": 21929088.2,
        "trend": 107.494333,
        "fair_value": 102.909919,
        "relative_strength": 46.936936,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.851732,
        "energy": 59.477432,
        "activity_lines": [
          148.707999,
          142.415272,
          126.021809,
          117.245935
        ]
      },
      {
        "date": "2024-12-06",
        "close": 155.779999,
        "volume": 26015717,
        "typical_volume": 22283457.0,
        "trend": 109.810333,
        "fair_value": 103.33288,
        "relative_strength": 34.775748,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.997296,
        "energy": 54.245266,
        "activity_lines": [
          152.794666,
          146.15709,
          129.903571,
          120.36114
        ]
      },
      {
        "date": "2024-12-13",
        "close": 155.529999,
        "volume": 24852925,
        "typical_volume": 22359445.85,
        "trend": 111.945,
        "fair_value": 103.747143,
        "relative_strength": 34.770514,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.45255,
        "energy": 53.222482,
        "activity_lines": [
          154.933999,
          148.833454,
          133.488,
          123.310796
        ]
      },
      {
        "date": "2024-12-20",
        "close": 143.979996,
        "volume": 23354533,
        "typical_volume": 22354701.1,
        "trend": 113.657333,
        "fair_value": 104.063937,
        "relative_strength": 25.476349,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.266628,
        "energy": 46.914809,
        "activity_lines": [
          152.302664,
          148.756908,
          135.703999,
          125.377569
        ]
      },
      {
        "date": "2024-12-27",
        "close": 140.5,
        "volume": 27213842,
        "typical_volume": 22899168.25,
        "trend": 114.944333,
        "fair_value": 104.348594,
        "relative_strength": 21.134619,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.269905,
        "energy": 35.778171,
        "activity_lines": [
          148.117998,
          147.695272,
          137.392952,
          127.109354
        ]
      },
      {
        "date": "2025-01-03",
        "close": 123.610001,
        "volume": 16374370,
        "typical_volume": 23247860.35,
        "trend": 115.868,
        "fair_value": 104.497907,
        "relative_strength": 12.751821,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 31.475399,
        "energy": 17.909123,
        "activity_lines": [
          138.588666,
          143.753636,
          137.256476,
          127.66843
        ]
      },
      {
        "date": "2025-01-10",
        "close": 123.0,
        "volume": 16783657,
        "typical_volume": 23577813.6,
        "trend": 116.701333,
        "fair_value": 104.640231,
        "relative_strength": 13.521925,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 19.488216,
        "energy": 20.988359,
        "activity_lines": [
          131.628666,
          139.989999,
          136.940142,
          128.128559
        ]
      },
      {
        "date": "2025-01-17",
        "close": 125.620003,
        "volume": 17893277,
        "typical_volume": 23998841.35,
        "trend": 117.642333,
        "fair_value": 104.800382,
        "relative_strength": 12.925176,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 14.810787,
        "energy": 22.528184,
        "activity_lines": [
          127.727334,
          136.790364,
          136.720476,
          128.703957
        ]
      },
      {
        "date": "2025-01-24",
        "close": 120.629997,
        "volume": 21430649,
        "typical_volume": 24609902.3,
        "trend": 118.732333,
        "fair_value": 104.920303,
        "relative_strength": 7.790419,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -4.088306,
        "energy": 23.209138,
        "activity_lines": [
          124.156667,
          132.976181,
          135.860523,
          128.896709
        ]
      },
      {
        "date": "2025-01-31",
        "close": 116.879997,
        "volume": 2886133,
        "typical_volume": 24305557.7,
        "trend": 119.769666,
        "fair_value": 105.010225,
        "relative_strength": 4.223159,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": -9.280179,
        "energy": 33.327143,
        "activity_lines": [
          120.892666,
          128.797454,
          134.515856,
          128.777204
        ]
      },
      {
        "date": "2025-02-07",
        "close": 131.699997,
        "volume": 21470530,
        "typical_volume": 25158119.05,
        "trend": 121.255333,
        "fair_value": 105.209403,
        "relative_strength": 14.778195,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": -0.292178,
        "energy": 20.453361,
        "activity_lines": [
          124.143331,
          127.820544,
          134.453666,
          129.546903
        ]
      },
      {
        "date": "2025-02-14",
        "close": 133.199997,
        "volume": 29040549,
        "typical_volume": 26042064.35,
        "trend": 122.417333,
        "fair_value": 105.416741,
        "relative_strength": 13.888022,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 4.261211,
        "energy": 11.300275,
        "activity_lines": [
          127.354664,
          127.725453,
          134.333523,
          130.317526
        ]
      },
      {
        "date": "2025-02-21",
        "close": 136.649994,
        "volume": 27379723,
        "typical_volume": 26998214.35,
        "trend": 123.666999,
        "fair_value": 105.646397,
        "relative_strength": 15.074834,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 25.465666,
        "energy": 14.676054,
        "activity_lines": [
          131.035996,
          128.668179,
          134.382332,
          131.235762
        ]
      },
      {
        "date": "2025-02-28",
        "close": 132.580002,
        "volume": 37750405,
        "typical_volume": 26735404.9,
        "trend": 124.656333,
        "fair_value": 105.842993,
        "relative_strength": 13.17809,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.952821,
        "energy": 21.400154,
        "activity_lines": [
          132.625331,
          129.21418,
          133.962427,
          131.810795
        ]
      },
      {
        "date": "2025-03-07",
        "close": 134.600006,
        "volume": 26919004,
        "typical_volume": 26026862.5,
        "trend": 125.977666,
        "fair_value": 106.051377,
        "relative_strength": 12.693059,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.211204,
        "energy": 22.5898,
        "activity_lines": [
          134.091334,
          130.334727,
          133.696904,
          132.452322
        ]
      },
      {
        "date": "2025-03-14",
        "close": 137.860001,
        "volume": 16426885,
        "typical_volume": 25171759.55,
        "trend": 127.305,
        "fair_value": 106.280216,
        "relative_strength": 13.411772,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 40.733474,
        "energy": 25.891614,
        "activity_lines": [
          135.462668,
          132.155273,
          133.819952,
          133.218924
        ]
      },
      {
        "date": "2025-03-21",
        "close": 124.790001,
        "volume": 13850876,
        "typical_volume": 24519134.6,
        "trend": 128.434666,
        "fair_value": 106.412428,
        "relative_strength": 3.991099,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 7.286333,
        "energy": 6.340433,
        "activity_lines": [
          132.066668,
          131.340364,
          132.706047,
          133.056666
        ]
      },
      {
        "date": "2025-03-28",
        "close": 123.650002,
        "volume": 8349184,
        "typical_volume": 23064608.1,
        "trend": 129.524333,
        "fair_value": 106.534681,
        "relative_strength": 3.001311,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -23.953515,
        "energy": 14.358015,
        "activity_lines": [
          128.851335,
          130.285637,
          131.498,
          132.747978
        ]
      },
      {
        "date": "2025-04-04",
        "close": 129.75,
        "volume": 6816205,
        "typical_volume": 21434583.0,
        "trend": 130.721333,
        "fair_value": 106.698169,
        "relative_strength": 7.777261,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -15.897349,
        "energy": 19.541072,
        "activity_lines": [
          128.536001,
          130.375819,
          130.956952,
          132.762537
        ]
      },
      {
        "date": "2025-04-11",
        "close": 143.410004,
        "volume": 33150098,
        "typical_volume": 21734435.2,
        "trend": 132.508333,
        "fair_value": 106.954895,
        "relative_strength": 21.792259,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 27.065485,
        "energy": 13.09602,
        "activity_lines": [
          132.962669,
          132.78382,
          131.756524,
          133.581161
        ]
      },
      {
        "date": "2025-04-18",
        "close": 139.100006,
        "volume": 16811660,
        "typical_volume": 20738511.1,
        "trend": 134.160667,
        "fair_value": 107.178125,
        "relative_strength": 15.699969,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 13.080977,
        "energy": 16.148472,
        "activity_lines": [
          135.365337,
          133.925821,
          132.152144,
          134.006431
        ]
      },
      {
        "date": "2025-04-25",
        "close": 132.5,
        "volume": 10871086,
        "typical_volume": 19981279.55,
        "trend": 135.254667,
        "fair_value": 107.352759,
        "relative_strength": 8.852194,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 6.055121,
        "energy": 12.106344,
        "activity_lines": [
          135.485336,
          133.733275,
          132.043477,
          133.899291
        ]
      },
      {
        "date": "2025-05-02",
        "close": 129.789993,
        "volume": 6433757,
        "typical_volume": 19060321.15,
        "trend": 135.593666,
        "fair_value": 107.506438,
        "relative_strength": 6.502365,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -17.621316,
        "energy": 14.02046,
        "activity_lines": [
          134.187999,
          133.060728,
          131.787572,
          133.546731
        ]
      },
      {
        "date": "2025-05-09",
        "close": 129.639999,
        "volume": 6607588,
        "typical_volume": 18222973.9,
        "trend": 135.761666,
        "fair_value": 107.657007,
        "relative_strength": 3.761063,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -31.719022,
        "energy": 13.254874,
        "activity_lines": [
          132.431332,
          132.485637,
          131.639953,
          133.162624
        ]
      },
      {
        "date": "2025-05-16",
        "close": 121.0,
        "volume": 9515919,
        "typical_volume": 17338077.75,
        "trend": 134.761666,
        "fair_value": 107.747162,
        "relative_strength": -4.227647,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -59.830916,
        "energy": 39.777086,
        "activity_lines": [
          127.801999,
          130.393091,
          130.737762,
          132.210258
        ]
      },
      {
        "date": "2025-05-23",
        "close": 120.400002,
        "volume": 6438185,
        "typical_volume": 16841268.5,
        "trend": 134.125,
        "fair_value": 107.83208,
        "relative_strength": -4.45191,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -62.518599,
        "energy": 54.664081,
        "activity_lines": [
          124.466666,
          128.438728,
          129.871286,
          131.283699
        ]
      },
      {
        "date": "2025-05-30",
        "close": 129.460007,
        "volume": 8786760,
        "typical_volume": 16441423.65,
        "trend": 134.179667,
        "fair_value": 107.976267,
        "relative_strength": 2.468506,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.358342,
        "energy": 49.377543,
        "activity_lines": [
          125.398002,
          128.449092,
          129.882953,
          130.982732
        ]
      },
      {
        "date": "2025-06-06",
        "close": 129.970001,
        "volume": 12506880,
        "typical_volume": 16172103.8,
        "trend": 133.788,
        "fair_value": 108.121921,
        "relative_strength": 1.361789,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -51.480384,
        "energy": 43.567505,
        "activity_lines": [
          126.702003,
          128.467274,
          129.91243,
          130.71114
        ]
      },
      {
        "date": "2025-06-13",
        "close": 123.120003,
        "volume": 18823950,
        "typical_volume": 16041768.85,
        "trend": 133.289333,
        "fair_value": 108.220592,
        "relative_strength": -3.944742,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.666874,
        "energy": 32.176717,
        "activity_lines": [
          125.71067,
          127.125093,
          129.268811,
          130.022883
        ]
      },
      {
        "date": "2025-06-20",
        "close": 120.760002,
        "volume": 7999343,
        "typical_volume": 16297429.35,
        "trend": 132.488667,
        "fair_value": 108.302549,
        "relative_strength": -5.472053,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.472785,
        "energy": 31.411334,
        "activity_lines": [
          124.367336,
          125.474365,
          128.388573,
          129.214539
        ]
      },
      {
        "date": "2025-06-27",
        "close": 139.009995,
        "volume": 23208961,
        "typical_volume": 16384350.9,
        "trend": 131.615667,
        "fair_value": 108.501948,
        "relative_strength": 6.180466,
        "stage": 2,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -13.029597,
        "energy": 6.843988,
        "activity_lines": [
          129.123333,
          127.553637,
          129.227953,
          129.635269
        ]
      },
      {
        "date": "2025-07-04",
        "close": 132.949997,
        "volume": 39704749,
        "typical_volume": 16917560.9,
        "trend": 130.854667,
        "fair_value": 108.659677,
        "relative_strength": -0.316984,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -21.323718,
        "energy": 10.744451,
        "activity_lines": [
          130.618665,
          128.532727,
          129.455381,
          129.721355
        ]
      },
      {
        "date": "2025-07-11",
        "close": 133.0,
        "volume": 15792216,
        "typical_volume": 16338185.55,
        "trend": 130.103667,
        "fair_value": 108.815705,
        "relative_strength": -1.776246,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 0.078455,
        "energy": 8.969423,
        "activity_lines": [
          131.897999,
          129.512727,
          129.688762,
          129.859764
        ]
      },
      {
        "date": "2025-07-18",
        "close": 130.800003,
        "volume": 12976903,
        "typical_volume": 15099510.45,
        "trend": 129.664334,
        "fair_value": 109.083205,
        "relative_strength": -4.257756,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 36.070957,
        "energy": 25.859804,
        "activity_lines": [
          132.242,
          130.034364,
          129.730001,
          129.904689
        ]
      },
      {
        "date": "2025-07-25",
        "close": 135.479996,
        "volume": 16513658,
        "typical_volume": 14579243.15,
        "trend": 129.497,
        "fair_value": 109.364231,
        "relative_strength": -2.629655,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 43.729483,
        "energy": 33.402442,
        "activity_lines": [
          133.633999,
          131.385818,
          130.225429,
          130.279893
        ]
      },
      {
        "date": "2025-08-01",
        "close": 130.300003,
        "volume": 18822636,
        "typical_volume": 14699030.7,
        "trend": 129.72,
        "fair_value": 109.648205,
        "relative_strength": -5.521524,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 37.958348,
        "energy": 22.399283,
        "activity_lines": [
          132.318,
          131.532182,
          130.223334,
          130.331699
        ]
      },
      {
        "date": "2025-08-08",
        "close": 125.559998,
        "volume": 18407420,
        "typical_volume": 14926857.9,
        "trend": 129.805334,
        "fair_value": 109.936538,
        "relative_strength": -10.901507,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 10.435479,
        "energy": 4.834178,
        "activity_lines": [
          130.002666,
          130.636727,
          129.80581,
          130.063312
        ]
      },
      {
        "date": "2025-08-15",
        "close": 132.380005,
        "volume": 28907556,
        "typical_volume": 15954776.5,
        "trend": 130.030667,
        "fair_value": 110.261987,
        "relative_strength": -7.709003,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 25.305147,
        "energy": 9.94749,
        "activity_lines": [
          130.453335,
          131.052182,
          130.034143,
          130.22942
        ]
      },
      {
        "date": "2025-08-22",
        "close": 143.850006,
        "volume": 40913914,
        "typical_volume": 17659661.95,
        "trend": 130.804667,
        "fair_value": 110.640321,
        "relative_strength": -3.369353,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 64.438628,
        "energy": 29.78097,
        "activity_lines": [
          134.76867,
          133.509274,
          131.313287,
          131.12099
        ]
      },
      {
        "date": "2025-08-29",
        "close": 142.600006,
        "volume": 56718994,
        "typical_volume": 18838106.75,
        "trend": 131.662001,
        "fair_value": 110.864423,
        "relative_strength": -5.240025,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 62.021412,
        "energy": 48.152968,
        "activity_lines": [
          137.797338,
          135.362184,
          132.40624,
          131.88198
        ]
      },
      {
        "date": "2025-09-05",
        "close": 127.160004,
        "volume": 38877385,
        "typical_volume": 19941393.0,
        "trend": 131.510668,
        "fair_value": 111.101218,
        "relative_strength": -14.469367,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 36.324518,
        "energy": 31.960656,
        "activity_lines": [
          135.204671,
          134.01073,
          132.032573,
          131.591528
        ]
      },
      {
        "date": "2025-09-12",
        "close": 130.0,
        "volume": 29821947,
        "typical_volume": 20888936.05,
        "trend": 131.404001,
        "fair_value": 111.367244,
        "relative_strength": -13.887336,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 38.472996,
        "energy": 24.674766,
        "activity_lines": [
          133.768003,
          133.391094,
          131.98624,
          131.494066
        ]
      },
      {
        "date": "2025-09-19",
        "close": 146.100006,
        "volume": 69645154,
        "typical_volume": 24049505.9,
        "trend": 131.719002,
        "fair_value": 111.782885,
        "relative_strength": -2.20976,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 60.406136,
        "energy": 29.712737,
        "activity_lines": [
          137.402004,
          135.752367,
          133.485145,
          132.442195
        ]
      },
      {
        "date": "2025-09-26",
        "close": 154.860001,
        "volume": 64978252,
        "typical_volume": 26968039.1,
        "trend": 132.461668,
        "fair_value": 112.253526,
        "relative_strength": 3.022751,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 69.477785,
        "energy": 44.666416,
        "activity_lines": [
          143.041336,
          139.468185,
          135.740669,
          133.935163
        ]
      },
      {
        "date": "2025-10-03",
        "close": 157.800003,
        "volume": 14708297,
        "typical_volume": 27227658.0,
        "trend": 133.235001,
        "fair_value": 112.750321,
        "relative_strength": 3.258299,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.121433,
        "energy": 70.783858,
        "activity_lines": [
          148.926669,
          143.281094,
          138.156098,
          135.569894
        ]
      },
      {
        "date": "2025-10-10",
        "close": 145.320007,
        "volume": 21021785,
        "typical_volume": 27956838.0,
        "trend": 133.483668,
        "fair_value": 113.162436,
        "relative_strength": -5.189495,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.0282,
        "energy": 65.272369,
        "activity_lines": [
          149.638671,
          144.419095,
          139.207717,
          136.349572
        ]
      },
      {
        "date": "2025-10-17",
        "close": 135.350006,
        "volume": 32277477,
        "typical_volume": 29131373.85,
        "trend": 133.835668,
        "fair_value": 113.516731,
        "relative_strength": -9.890298,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 49.158965,
        "energy": 46.336467,
        "activity_lines": [
          145.816672,
          143.471277,
          139.191146,
          136.469981
        ]
      },
      {
        "date": "2025-10-24",
        "close": 140.509995,
        "volume": 22185006,
        "typical_volume": 29615280.15,
        "trend": 134.397668,
        "fair_value": 113.965,
        "relative_strength": -8.772252,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 47.458909,
        "energy": 26.387858,
        "activity_lines": [
          143.358002,
          143.283639,
          139.637955,
          136.900583
        ]
      },
      {
        "date": "2025-10-31",
        "close": 137.929993,
        "volume": 26743181,
        "typical_volume": 30011241.7,
        "trend": 134.670335,
        "fair_value": 114.323846,
        "relative_strength": -10.363596,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 30.476725,
        "energy": 17.194935,
        "activity_lines": [
          140.411999,
          142.479092,
          139.788859,
          137.128475
        ]
      },
      {
        "date": "2025-11-07",
        "close": 133.679993,
        "volume": 16525054,
        "typical_volume": 30437527.25,
        "trend": 134.346001,
        "fair_value": 114.628846,
        "relative_strength": -13.730421,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 17.379614,
        "energy": 16.153364,
        "activity_lines": [
          137.177996,
          141.009454,
          139.464477,
          137.064582
        ]
      },
      {
        "date": "2025-11-14",
        "close": 129.199997,
        "volume": 13372133,
        "typical_volume": 29945685.85,
        "trend": 134.016001,
        "fair_value": 114.900192,
        "relative_strength": -16.09602,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 9.065615,
        "energy": 14.858934,
        "activity_lines": [
          134.058662,
          138.887453,
          138.651905,
          136.732581
        ]
      },
      {
        "date": "2025-11-21",
        "close": 126.449997,
        "volume": 12031142,
        "typical_volume": 28562005.5,
        "trend": 133.814334,
        "fair_value": 115.146026,
        "relative_strength": -14.064312,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "mixed",
        "direction": -23.431898,
        "energy": 25.595315,
        "activity_lines": [
          131.097329,
          136.228362,
          137.624143,
          136.244452
        ]
      },
      {
        "date": "2025-11-28",
        "close": 132.25,
        "volume": 14400566,
        "typical_volume": 28492423.0,
        "trend": 133.896334,
        "fair_value": 115.447628,
        "relative_strength": -10.663049,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "mixed",
        "direction": -14.933401,
        "energy": 27.049859,
        "activity_lines": [
          130.662664,
          134.688362,
          137.179714,
          136.143527
        ]
      },
      {
        "date": "2025-12-05",
        "close": 131.850006,
        "volume": 12785314,
        "typical_volume": 28482843.55,
        "trend": 133.970001,
        "fair_value": 115.72359,
        "relative_strength": -10.717299,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "mixed",
        "direction": -15.743656,
        "energy": 31.269991,
        "activity_lines": [
          130.645334,
          133.327454,
          136.700762,
          136.011506
        ]
      },
      {
        "date": "2025-12-12",
        "close": 145.399994,
        "volume": 26194126,
        "typical_volume": 28966866.95,
        "trend": 134.783334,
        "fair_value": 116.119744,
        "relative_strength": -0.77397,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 34.920495,
        "energy": 16.474154,
        "activity_lines": [
          135.549999,
          134.848544,
          137.507285,
          136.748925
        ]
      },
      {
        "date": "2025-12-19",
        "close": 140.279999,
        "volume": 17444510,
        "typical_volume": 28897960.65,
        "trend": 135.446001,
        "fair_value": 116.492949,
        "relative_strength": -3.967174,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 33.556858,
        "energy": 18.721683,
        "activity_lines": [
          137.966666,
          135.66418,
          137.778952,
          137.103549
        ]
      },
      {
        "date": "2025-12-26",
        "close": 133.970001,
        "volume": 15284033,
        "typical_volume": 28741791.3,
        "trend": 135.596334,
        "fair_value": 116.806603,
        "relative_strength": -9.633151,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 7.156398,
        "energy": 11.353796,
        "activity_lines": [
          137.541333,
          135.424181,
          137.402142,
          137.008323
        ]
      },
      {
        "date": "2026-01-02",
        "close": 132.110001,
        "volume": 6968368,
        "typical_volume": 27644831.9,
        "trend": 135.667667,
        "fair_value": 117.082436,
        "relative_strength": -10.764903,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 2.182792,
        "energy": 8.929826,
        "activity_lines": [
          135.994667,
          134.87109,
          136.808142,
          136.783398
        ]
      },
      {
        "date": "2026-01-09",
        "close": 139.990005,
        "volume": 20813572,
        "typical_volume": 26639814.8,
        "trend": 136.230001,
        "fair_value": 117.474744,
        "relative_strength": -8.69289,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 9.262594,
        "energy": 6.541022,
        "activity_lines": [
          137.084002,
          135.903455,
          136.965905,
          137.062259
        ]
      },
      {
        "date": "2026-01-16",
        "close": 145.039993,
        "volume": 70191160,
        "typical_volume": 27313423.1,
        "trend": 137.039334,
        "fair_value": 117.856731,
        "relative_strength": -4.805312,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 46.355167,
        "energy": 20.827299,
        "activity_lines": [
          139.313999,
          137.816545,
          137.622999,
          137.630645
        ]
      },
      {
        "date": "2026-01-23",
        "close": 193.0,
        "volume": 90570866,
        "typical_volume": 29898097.15,
        "trend": 138.839,
        "fair_value": 118.545256,
        "relative_strength": 25.003857,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 87.504517,
        "energy": 79.074784,
        "activity_lines": [
          157.554666,
          148.24309,
          142.836095,
          141.241011
        ]
      },
      {
        "date": "2026-01-30",
        "close": 167.289993,
        "volume": 68648121,
        "typical_volume": 31839405.85,
        "trend": 139.983667,
        "fair_value": 119.080641,
        "relative_strength": 8.569974,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.481977,
        "energy": 74.704829,
        "activity_lines": [
          163.710664,
          152.835089,
          145.287094,
          143.076559
        ]
      },
      {
        "date": "2026-02-06",
        "close": 158.199997,
        "volume": 37006149,
        "typical_volume": 30207455.6,
        "trend": 140.823667,
        "fair_value": 119.430769,
        "relative_strength": 4.043993,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.189331,
        "energy": 72.486259,
        "activity_lines": [
          164.61533,
          155.031816,
          146.694808,
          144.251806
        ]
      },
      {
        "date": "2026-02-13",
        "close": 158.509995,
        "volume": 36874729,
        "typical_volume": 28802279.45,
        "trend": 141.747333,
        "fair_value": 119.73532,
        "relative_strength": 3.878527,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.792827,
        "energy": 70.429151,
        "activity_lines": [
          163.883996,
          156.813088,
          148.074427,
          145.392859
        ]
      },
      {
        "date": "2026-02-27",
        "close": 158.729996,
        "volume": 28219143,
        "typical_volume": 29477821.75,
        "trend": 142.522333,
        "fair_value": 120.022628,
        "relative_strength": 2.124815,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.279839,
        "energy": 38.098056,
        "activity_lines": [
          161.991329,
          158.149633,
          149.457617,
          146.488515
        ]
      },
      {
        "date": "2026-03-06",
        "close": 149.960007,
        "volume": 31015477,
        "typical_volume": 29977506.35,
        "trend": 143.177667,
        "fair_value": 120.262821,
        "relative_strength": -2.433632,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 38.520252,
        "energy": 21.269995,
        "activity_lines": [
          156.262666,
          157.649271,
          150.001141,
          146.968365
        ]
      },
      {
        "date": "2026-03-13",
        "close": 145.149994,
        "volume": 49921712,
        "typical_volume": 30859718.1,
        "trend": 143.830667,
        "fair_value": 120.430192,
        "relative_strength": -4.680454,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 28.372346,
        "energy": 16.353193,
        "activity_lines": [
          151.799998,
          156.098361,
          150.064474,
          147.095612
        ]
      },
      {
        "date": "2026-03-20",
        "close": 138.910004,
        "volume": 32484316,
        "typical_volume": 31374683.6,
        "trend": 144.048333,
        "fair_value": 120.533461,
        "relative_strength": -5.332694,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 13.007619,
        "energy": 14.614288,
        "activity_lines": [
          146.733334,
          153.209635,
          149.486856,
          146.77815
        ]
      },
      {
        "date": "2026-03-27",
        "close": 137.550003,
        "volume": 27055441,
        "typical_volume": 31390296.6,
        "trend": 143.838333,
        "fair_value": 120.706154,
        "relative_strength": -5.126234,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -7.548349,
        "energy": 16.669361,
        "activity_lines": [
          142.499335,
          149.95,
          148.787333,
          146.358902
        ]
      },
      {
        "date": "2026-04-03",
        "close": 127.080002,
        "volume": 17858896,
        "typical_volume": 31456988.7,
        "trend": 143.321,
        "fair_value": 120.660705,
        "relative_strength": -11.397549,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -27.564015,
        "energy": 27.779486,
        "activity_lines": [
          136.172669,
          144.831091,
          147.092476,
          145.27772
        ]
      },
      {
        "date": "2026-04-10",
        "close": 133.199997,
        "volume": 19830452,
        "typical_volume": 31779904.65,
        "trend": 143.522333,
        "fair_value": 120.584679,
        "relative_strength": -9.348019,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -20.642663,
        "energy": 31.523245,
        "activity_lines": [
          133.996,
          141.151454,
          146.011904,
          144.624752
        ]
      },
      {
        "date": "2026-04-17",
        "close": 144.770004,
        "volume": 41752952,
        "typical_volume": 33265995.15,
        "trend": 144.014666,
        "fair_value": 120.572885,
        "relative_strength": -2.624873,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -17.009346,
        "energy": 24.548375,
        "activity_lines": [
          136.793335,
          140.662728,
          146.01419,
          144.705247
        ]
      },
      {
        "date": "2026-04-24",
        "close": 153.860001,
        "volume": 52965036,
        "typical_volume": 35194218.65,
        "trend": 144.273333,
        "fair_value": 120.578397,
        "relative_strength": 3.022817,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 8.254003,
        "energy": 8.964444,
        "activity_lines": [
          142.646001,
          142.236183,
          146.794952,
          145.34043
        ]
      },
      {
        "date": "2026-05-01",
        "close": 166.229996,
        "volume": 59728833,
        "typical_volume": 37541394.6,
        "trend": 144.652333,
        "fair_value": 120.627436,
        "relative_strength": 10.420126,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 49.280427,
        "energy": 28.728091,
        "activity_lines": [
          151.625333,
          146.137637,
          148.650904,
          146.756989
        ]
      },
      {
        "date": "2026-05-08",
        "close": 173.820007,
        "volume": 57110611,
        "typical_volume": 39087218.85,
        "trend": 145.186333,
        "fair_value": 120.767308,
        "relative_strength": 13.469866,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 69.151092,
        "energy": 55.777526,
        "activity_lines": [
          161.222668,
          151.278729,
          151.066,
          148.638774
        ]
      },
      {
        "date": "2026-05-15",
        "close": 159.979996,
        "volume": 74528322,
        "typical_volume": 41941409.45,
        "trend": 145.674999,
        "fair_value": 120.827564,
        "relative_strength": 5.566359,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.601471,
        "energy": 56.821517,
        "activity_lines": [
          163.090667,
          153.629091,
          152.027667,
          149.593204
        ]
      },
      {
        "date": "2026-05-22",
        "close": 160.399994,
        "volume": 58827005,
        "typical_volume": 44118558.05,
        "trend": 146.509999,
        "fair_value": 120.980449,
        "relative_strength": 6.251261,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.302175,
        "energy": 58.274229,
        "activity_lines": [
          163.313331,
          155.873636,
          152.935523,
          150.543204
        ]
      },
      {
        "date": "2026-05-29",
        "close": 145.800003,
        "volume": 61343122,
        "typical_volume": 46837295.75,
        "trend": 146.686332,
        "fair_value": 121.055769,
        "relative_strength": -2.361432,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 41.521534,
        "energy": 29.219395,
        "activity_lines": [
          157.627333,
          155.186363,
          152.327047,
          150.497397
        ]
      },
      {
        "date": "2026-06-05",
        "close": 136.080002,
        "volume": 7287281,
        "typical_volume": 46160981.2,
        "trend": 146.624666,
        "fair_value": 120.984679,
        "relative_strength": -7.710436,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 9.753238,
        "energy": 9.168336,
        "activity_lines": [
          149.238667,
          152.606546,
          150.727667,
          149.813118
        ]
      },
      {
        "date": "2026-06-12",
        "close": 140.559998,
        "volume": 15557364,
        "typical_volume": 43429291.4,
        "trend": 146.853999,
        "fair_value": 120.849102,
        "relative_strength": -4.584649,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "mixed",
        "direction": -5.657624,
        "energy": 15.255257,
        "activity_lines": [
          144.353333,
          150.868,
          149.573571,
          149.421849
        ]
      },
      {
        "date": "2026-06-19",
        "close": 146.490005,
        "volume": 35853975,
        "typical_volume": 40693446.85,
        "trend": 147.430333,
        "fair_value": 120.813782,
        "relative_strength": -1.959421,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -12.524425,
        "energy": 20.15742,
        "activity_lines": [
          143.662002,
          149.962546,
          149.005572,
          149.398366
        ]
      },
      {
        "date": "2026-06-26",
        "close": 144.919998,
        "volume": 10970157,
        "typical_volume": 37809548.65,
        "trend": 148.046,
        "fair_value": 120.82609,
        "relative_strength": -1.489956,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -12.476842,
        "energy": 18.591072,
        "activity_lines": [
          143.346667,
          148.53,
          148.509524,
          149.236409
        ]
      },
      {
        "date": "2026-07-03",
        "close": 136.029999,
        "volume": 11173085,
        "typical_volume": 36517895.45,
        "trend": 148.172,
        "fair_value": 120.82532,
        "relative_strength": -7.569037,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -30.746143,
        "energy": 33.743225,
        "activity_lines": [
          141.1,
          145.478364,
          147.273334,
          148.461183
        ]
      },
      {
        "date": "2026-07-10",
        "close": 147.100006,
        "volume": 48719653,
        "typical_volume": 37110141.65,
        "trend": 148.680333,
        "fair_value": 120.878782,
        "relative_strength": 1.219581,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "down",
        "direction": -46.122044,
        "energy": 23.431569,
        "activity_lines": [
          143.194669,
          144.763637,
          147.197001,
          148.392022
        ]
      },
      {
        "date": "2026-07-17",
        "close": 114.300003,
        "volume": 43144355,
        "typical_volume": 37856402.25,
        "trend": 147.643667,
        "fair_value": 120.875641,
        "relative_strength": -16.168902,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.721633,
        "energy": 54.354083,
        "activity_lines": [
          133.621336,
          138.433092,
          144.051191,
          146.173936
        ]
      },
      {
        "date": "2026-07-24",
        "close": 106.919998,
        "volume": 33075090,
        "typical_volume": 37959382.9,
        "trend": 146.531667,
        "fair_value": 120.83609,
        "relative_strength": -22.239975,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.399212,
        "energy": 73.677895,
        "activity_lines": [
          123.338668,
          131.84291,
          140.414096,
          143.546603
        ]
      },
      {
        "date": "2026-07-31",
        "close": 106.360001,
        "volume": 27322104,
        "typical_volume": 36829402.5,
        "trend": 145.611333,
        "fair_value": 120.818526,
        "relative_strength": -22.601205,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.96096,
        "energy": 79.961506,
        "activity_lines": [
          115.507334,
          126.115638,
          136.92862,
          140.954882
        ]
      },
      {
        "date": "2026-08-07",
        "close": 112.089996,
        "volume": 22785016,
        "typical_volume": 36344437.5,
        "trend": 144.944,
        "fair_value": 120.897436,
        "relative_strength": -20.314259,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.600442,
        "energy": 81.24672,
        "activity_lines": [
          112.156666,
          122.412727,
          134.173572,
          138.792215
        ]
      }
    ],
    "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."
    }
  }
}