{
  "ticker": {
    "uuid": "0df617b8-5045-4c67-bc60-8369fb0c3b0d",
    "symbol": "XXSC",
    "name": "Xtrackers MSCI Europe Small Cap UCITS ETF 1C",
    "exchange": "LSE",
    "country": "GB",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^FTSE",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 78.704,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Re-acceleration watch",
    "architecture_gate": "up",
    "architecture_direction": 78.318,
    "architecture_energy": 63.26,
    "architecture_maturity": 16.079,
    "architecture_confidence": 79.807,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The prior uptrend is attempting to re-accelerate.",
        "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set."
      },
      "scores": {
        "balance": 23.41,
        "rotation_up": 63.87,
        "upward_expansion": 85.16,
        "deceleration": 47.54,
        "rotation_down": 16.76,
        "downward_expansion": 11.83
      },
      "activity_lines": [
        6344.166667,
        6302.663636,
        6275.935714,
        6217.595699
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 6480.0,
    "trend_reference": 6165.65,
    "distance_from_trend": 0.050984,
    "trend_direction": "Improving",
    "fair_value": 5283.581089,
    "distance_from_fair_value": 0.226441,
    "fair_value_direction": "Improving",
    "relative_strength": -0.976811,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.052974,
    "excess_performance": 0.001738,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.050984,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.025847,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.226441,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.013617,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.009768,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.01113,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.052974,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.372792,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 19701,
      "relative_activity": 0.267968,
      "balance": 1.372792,
      "dry_up": 0.248959,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.020019,
      "annualized_volatility": 0.163713,
      "from_high_reference": -0.172139,
      "from_low_reference": 0.188773
    },
    "levels": {
      "trend_reference": 6165.65,
      "fair_value_reference": 5283.581089,
      "structural_low": 5451.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 10,
        "median_return": 0.017526,
        "positive_rate": 0.7,
        "directional_follow_through": 0.7,
        "median_excess_return": 0.006341,
        "regime_survival": 0.4,
        "best_return": 0.090826,
        "worst_return": -0.058704,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.030221,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.833333,
        "median_excess_return": -0.016188,
        "regime_survival": 0.0,
        "best_return": 0.165887,
        "worst_return": -0.008555,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.033293,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.024823,
        "regime_survival": 0.0,
        "best_return": 0.158259,
        "worst_return": -0.063177,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.104026,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.033079,
        "regime_survival": 0.0,
        "best_return": 0.137686,
        "worst_return": -0.234649,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-22",
        "end": "2025-01-31",
        "tenure": "Developing",
        "return": 0.053515,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-02-07",
        "end": "2025-02-28",
        "tenure": "New",
        "return": -0.004344,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-03-07",
        "end": "2025-03-28",
        "tenure": "New",
        "return": -0.016069,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-04",
        "end": "2025-04-11",
        "tenure": "New",
        "return": 0.0173,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-18",
        "end": "2025-05-09",
        "tenure": "New",
        "return": 0.070688,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-05-16",
        "end": "2025-09-05",
        "tenure": "Established",
        "return": 0.049883,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-09-12",
        "end": "2025-10-03",
        "tenure": "New",
        "return": 0.024511,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-10",
        "end": "2025-11-14",
        "tenure": "Developing",
        "return": 0.005069,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-11-21",
        "end": "2026-01-23",
        "tenure": "Developing",
        "return": 0.093521,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-30",
        "end": "2026-03-13",
        "tenure": "Developing",
        "return": -0.048788,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-20",
        "end": "2026-04-17",
        "tenure": "Developing",
        "return": 0.121303,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-24",
        "end": "2026-05-01",
        "tenure": "New",
        "return": 0.005378,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-08",
        "end": "2026-06-26",
        "tenure": "Developing",
        "return": -0.005781,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-03",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.024506,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 4339.75,
        "volume": 930,
        "typical_volume": 34000.05,
        "trend": 4560.658333,
        "fair_value": 4639.105769,
        "relative_strength": 1.655707,
        "stage": 2,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.050894,
        "energy": 26.19715,
        "activity_lines": [
          4474.966667,
          4478.168182,
          4494.15,
          4515.463978
        ]
      },
      {
        "date": "2023-08-25",
        "close": 4354.5,
        "volume": 605,
        "typical_volume": 33758.75,
        "trend": 4550.283333,
        "fair_value": 4641.9375,
        "relative_strength": 0.881598,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.838342,
        "energy": 52.376549,
        "activity_lines": [
          4422.583333,
          4456.9,
          4478.632143,
          4502.163441
        ]
      },
      {
        "date": "2023-09-01",
        "close": 4441.25,
        "volume": 7527,
        "typical_volume": 33966.15,
        "trend": 4536.883333,
        "fair_value": 4645.823718,
        "relative_strength": 1.118392,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.096045,
        "energy": 52.40178,
        "activity_lines": [
          4413.833333,
          4454.677273,
          4472.02619,
          4495.129032
        ]
      },
      {
        "date": "2023-09-08",
        "close": 4386.0,
        "volume": 6135,
        "typical_volume": 30922.8,
        "trend": 4525.65,
        "fair_value": 4648.229167,
        "relative_strength": -0.321248,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.220929,
        "energy": 59.161216,
        "activity_lines": [
          4396.183333,
          4440.677273,
          4461.058333,
          4485.394624
        ]
      },
      {
        "date": "2023-09-15",
        "close": 4434.25,
        "volume": 1213,
        "typical_volume": 28582.6,
        "trend": 4513.8,
        "fair_value": 4650.81891,
        "relative_strength": -2.259,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.800489,
        "energy": 47.726258,
        "activity_lines": [
          4405.85,
          4436.377273,
          4455.778571,
          4479.497849
        ]
      },
      {
        "date": "2023-09-22",
        "close": 4399.0,
        "volume": 7356,
        "typical_volume": 27414.95,
        "trend": 4503.775,
        "fair_value": 4654.19391,
        "relative_strength": -2.700801,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.242285,
        "energy": 32.099854,
        "activity_lines": [
          4408.466667,
          4424.118182,
          4448.003571,
          4472.091398
        ]
      },
      {
        "date": "2023-09-29",
        "close": 4370.25,
        "volume": 7644,
        "typical_volume": 27720.75,
        "trend": 4489.6,
        "fair_value": 4656.802885,
        "relative_strength": -2.407396,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.659776,
        "energy": 35.630006,
        "activity_lines": [
          4397.55,
          4408.286364,
          4438.408333,
          4463.476882
        ]
      },
      {
        "date": "2023-10-06",
        "close": 4247.25,
        "volume": 96090,
        "typical_volume": 32272.1,
        "trend": 4476.75,
        "fair_value": 4657.841346,
        "relative_strength": -3.750666,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.094421,
        "energy": 57.146438,
        "activity_lines": [
          4344.583333,
          4373.818182,
          4418.075,
          4447.841398
        ]
      },
      {
        "date": "2023-10-13",
        "close": 4218.0,
        "volume": 25354,
        "typical_volume": 28434.7,
        "trend": 4471.041667,
        "fair_value": 4659.05609,
        "relative_strength": -5.7129,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -80.311539,
        "energy": 77.308243,
        "activity_lines": [
          4294.8,
          4340.154545,
          4396.616667,
          4431.147849
        ]
      },
      {
        "date": "2023-10-20",
        "close": 4099.75,
        "volume": 4299,
        "typical_volume": 27337.25,
        "trend": 4461.583333,
        "fair_value": 4659.794872,
        "relative_strength": -5.881885,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -88.913585,
        "energy": 90.433502,
        "activity_lines": [
          4216.8,
          4291.109091,
          4365.190476,
          4407.193548
        ]
      },
      {
        "date": "2023-10-27",
        "close": 4053.5,
        "volume": 1584,
        "typical_volume": 25008.5,
        "trend": 4445.083333,
        "fair_value": 4661.823718,
        "relative_strength": -5.476761,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -88.16941,
        "energy": 94.668425,
        "activity_lines": [
          4145.683333,
          4241.018182,
          4331.394048,
          4380.865591
        ]
      },
      {
        "date": "2023-11-03",
        "close": 4296.25,
        "volume": 24487,
        "typical_volume": 25982.7,
        "trend": 4438.591667,
        "fair_value": 4663.844551,
        "relative_strength": -1.554965,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.790291,
        "energy": 77.769317,
        "activity_lines": [
          4178.516667,
          4240.268182,
          4322.853571,
          4371.263441
        ]
      },
      {
        "date": "2023-11-10",
        "close": 4308.0,
        "volume": 2282,
        "typical_volume": 25426.7,
        "trend": 4427.85,
        "fair_value": 4664.75,
        "relative_strength": -0.443489,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.417245,
        "energy": 49.811693,
        "activity_lines": [
          4220.2,
          4242.713636,
          4316.566667,
          4362.838172
        ]
      },
      {
        "date": "2023-11-17",
        "close": 4486.5,
        "volume": 2339,
        "typical_volume": 11881.65,
        "trend": 4423.55,
        "fair_value": 4666.25641,
        "relative_strength": 1.659057,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -15.71498,
        "energy": 12.806077,
        "activity_lines": [
          4317.333333,
          4280.036364,
          4327.460714,
          4366.622043
        ]
      },
      {
        "date": "2023-11-24",
        "close": 4468.75,
        "volume": 740,
        "typical_volume": 11490.6,
        "trend": 4418.666667,
        "fair_value": 4667.081731,
        "relative_strength": 1.436083,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -4.277485,
        "energy": 24.228715,
        "activity_lines": [
          4390.65,
          4312.304545,
          4336.428571,
          4369.538172
        ]
      },
      {
        "date": "2023-12-01",
        "close": 4481.0,
        "volume": 4277,
        "typical_volume": 11451.85,
        "trend": 4414.975,
        "fair_value": 4667.491987,
        "relative_strength": 1.107195,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 25.617317,
        "energy": 36.558664,
        "activity_lines": [
          4443.45,
          4346.172727,
          4345.992857,
          4373.559677
        ]
      },
      {
        "date": "2023-12-08",
        "close": 4538.0,
        "volume": 12498,
        "typical_volume": 11226.0,
        "trend": 4413.733333,
        "fair_value": 4668.379808,
        "relative_strength": 1.971031,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 35.664028,
        "energy": 44.179071,
        "activity_lines": [
          4486.75,
          4388.913636,
          4361.028571,
          4381.496774
        ]
      },
      {
        "date": "2023-12-15",
        "close": 4676.5,
        "volume": 65346,
        "typical_volume": 14405.05,
        "trend": 4416.416667,
        "fair_value": 4669.511218,
        "relative_strength": 4.650284,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 48.910318,
        "energy": 69.855325,
        "activity_lines": [
          4560.1,
          4453.786364,
          4389.432143,
          4398.449462
        ]
      },
      {
        "date": "2023-12-22",
        "close": 4755.0,
        "volume": 51368,
        "typical_volume": 16302.8,
        "trend": 4425.258333,
        "fair_value": 4670.879808,
        "relative_strength": 4.595293,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 61.134805,
        "energy": 79.653421,
        "activity_lines": [
          4635.05,
          4525.127273,
          4424.871429,
          4420.293548
        ]
      },
      {
        "date": "2023-12-29",
        "close": 4811.5,
        "volume": 1292,
        "typical_volume": 16168.3,
        "trend": 4434.741667,
        "fair_value": 4672.386218,
        "relative_strength": 5.220961,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 87.172797,
        "energy": 94.196649,
        "activity_lines": [
          4710.933333,
          4596.977273,
          4464.736905,
          4445.212366
        ]
      },
      {
        "date": "2024-01-05",
        "close": 4662.25,
        "volume": 16486,
        "typical_volume": 16946.1,
        "trend": 4440.075,
        "fair_value": 4671.948718,
        "relative_strength": 2.459967,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.605416,
        "energy": 85.909289,
        "activity_lines": [
          4714.216667,
          4628.75,
          4488.927381,
          4459.890323
        ]
      },
      {
        "date": "2024-01-12",
        "close": 4679.0,
        "volume": 6832,
        "typical_volume": 17257.45,
        "trend": 4444.891667,
        "fair_value": 4672.317308,
        "relative_strength": 3.616786,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.762829,
        "energy": 81.423246,
        "activity_lines": [
          4711.0,
          4652.5,
          4513.177381,
          4475.304839
        ]
      },
      {
        "date": "2024-01-19",
        "close": 4545.75,
        "volume": 1845,
        "typical_volume": 16973.35,
        "trend": 4451.55,
        "fair_value": 4671.578526,
        "relative_strength": 2.804012,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.986023,
        "energy": 51.235819,
        "activity_lines": [
          4653.966667,
          4645.063636,
          4523.191667,
          4481.811828
        ]
      },
      {
        "date": "2024-01-26",
        "close": 4680.0,
        "volume": 6501,
        "typical_volume": 16991.65,
        "trend": 4459.65,
        "fair_value": 4672.6875,
        "relative_strength": 3.398558,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 52.14964,
        "energy": 38.666724,
        "activity_lines": [
          4650.4,
          4657.713636,
          4545.494048,
          4496.550538
        ]
      },
      {
        "date": "2024-02-02",
        "close": 4626.25,
        "volume": 72420,
        "typical_volume": 20552.0,
        "trend": 4468.891667,
        "fair_value": 4672.307692,
        "relative_strength": 2.492209,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 44.555542,
        "energy": 33.728689,
        "activity_lines": [
          4633.916667,
          4657.072727,
          4561.277381,
          4507.298925
        ]
      },
      {
        "date": "2024-02-09",
        "close": 4631.25,
        "volume": 9061,
        "typical_volume": 20637.25,
        "trend": 4473.6,
        "fair_value": 4671.661859,
        "relative_strength": 3.142731,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.399102,
        "energy": 29.192644,
        "activity_lines": [
          4631.45,
          4654.477273,
          4576.622619,
          4517.773656
        ]
      },
      {
        "date": "2024-02-16",
        "close": 4717.0,
        "volume": 2987,
        "typical_volume": 20404.4,
        "trend": 4478.325,
        "fair_value": 4671.873397,
        "relative_strength": 3.113178,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 60.647533,
        "energy": 45.748857,
        "activity_lines": [
          4659.633333,
          4664.740909,
          4599.028571,
          4533.476882
        ]
      },
      {
        "date": "2024-02-23",
        "close": 4693.0,
        "volume": 307,
        "typical_volume": 15615.25,
        "trend": 4481.958333,
        "fair_value": 4672.427885,
        "relative_strength": 2.618951,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.876546,
        "energy": 47.911971,
        "activity_lines": [
          4677.283333,
          4667.386364,
          4617.497619,
          4547.326882
        ]
      },
      {
        "date": "2024-03-01",
        "close": 4749.0,
        "volume": 1898,
        "typical_volume": 14442.45,
        "trend": 4488.441667,
        "fair_value": 4673.522436,
        "relative_strength": 4.115468,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.006129,
        "energy": 54.653112,
        "activity_lines": [
          4703.783333,
          4679.913636,
          4639.177381,
          4564.555376
        ]
      },
      {
        "date": "2024-03-08",
        "close": 4761.0,
        "volume": 5838,
        "typical_volume": 14519.4,
        "trend": 4496.983333,
        "fair_value": 4673.676282,
        "relative_strength": 4.609053,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.258013,
        "energy": 64.97302,
        "activity_lines": [
          4729.683333,
          4694.731818,
          4659.471429,
          4582.139785
        ]
      },
      {
        "date": "2024-03-15",
        "close": 4779.0,
        "volume": 291229,
        "typical_volume": 29001.65,
        "trend": 4511.625,
        "fair_value": 4673.919872,
        "relative_strength": 4.016995,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.863826,
        "energy": 73.186928,
        "activity_lines": [
          4752.6,
          4713.740909,
          4678.330952,
          4600.334409
        ]
      },
      {
        "date": "2024-03-22",
        "close": 4839.5,
        "volume": 170521,
        "typical_volume": 36303.35,
        "trend": 4527.791667,
        "fair_value": 4674.559295,
        "relative_strength": 2.570374,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.083124,
        "energy": 82.709201,
        "activity_lines": [
          4785.833333,
          4741.627273,
          4699.497619,
          4621.487634
        ]
      },
      {
        "date": "2024-03-29",
        "close": 4894.75,
        "volume": 26857,
        "typical_volume": 37532.1,
        "trend": 4542.908333,
        "fair_value": 4675.078526,
        "relative_strength": 3.393149,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.532389,
        "energy": 88.869395,
        "activity_lines": [
          4829.316667,
          4776.640909,
          4723.339286,
          4645.162366
        ]
      },
      {
        "date": "2024-04-05",
        "close": 4866.25,
        "volume": 4425,
        "typical_volume": 37636.4,
        "trend": 4558.916667,
        "fair_value": 4674.483974,
        "relative_strength": 3.212363,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.582125,
        "energy": 87.206454,
        "activity_lines": [
          4849.85,
          4800.127273,
          4741.672619,
          4666.023118
        ]
      },
      {
        "date": "2024-04-12",
        "close": 4824.5,
        "volume": 30477,
        "typical_volume": 39123.25,
        "trend": 4571.925,
        "fair_value": 4673.064103,
        "relative_strength": 1.197094,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.379179,
        "energy": 73.497965,
        "activity_lines": [
          4848.65,
          4812.636364,
          4754.221429,
          4683.157527
        ]
      },
      {
        "date": "2024-04-19",
        "close": 4763.5,
        "volume": 20099,
        "typical_volume": 39914.35,
        "trend": 4584.075,
        "fair_value": 4671.355769,
        "relative_strength": 1.11371,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.740396,
        "energy": 54.66952,
        "activity_lines": [
          4822.883333,
          4810.45,
          4759.266667,
          4695.517204
        ]
      },
      {
        "date": "2024-04-26",
        "close": 4828.25,
        "volume": 5890,
        "typical_volume": 39583.95,
        "trend": 4599.341667,
        "fair_value": 4669.979167,
        "relative_strength": -0.604502,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.211546,
        "energy": 46.863582,
        "activity_lines": [
          4819.733333,
          4817.631818,
          4769.133333,
          4711.27043
        ]
      },
      {
        "date": "2024-05-03",
        "close": 4913.5,
        "volume": 8092,
        "typical_volume": 36721.25,
        "trend": 4621.55,
        "fair_value": 4668.796474,
        "relative_strength": 0.217327,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.366133,
        "energy": 52.086655,
        "activity_lines": [
          4845.75,
          4838.290909,
          4785.736905,
          4731.53871
        ]
      },
      {
        "date": "2024-05-10",
        "close": 5056.0,
        "volume": 5481,
        "typical_volume": 34426.9,
        "trend": 4649.483333,
        "fair_value": 4669.310897,
        "relative_strength": 0.399411,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 88.905074,
        "energy": 65.613375,
        "activity_lines": [
          4918.016667,
          4880.85,
          4814.783333,
          4759.567742
        ]
      },
      {
        "date": "2024-05-17",
        "close": 5107.0,
        "volume": 1024378,
        "typical_volume": 85581.2,
        "trend": 4683.058333,
        "fair_value": 4669.942308,
        "relative_strength": 1.528936,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 89.743253,
        "energy": 93.296579,
        "activity_lines": [
          4994.633333,
          4927.1,
          4847.253571,
          4789.084946
        ]
      },
      {
        "date": "2024-05-24",
        "close": 5104.0,
        "volume": 120668,
        "typical_volume": 90790.3,
        "trend": 4718.075,
        "fair_value": 4670.076923,
        "relative_strength": 2.639603,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.455891,
        "energy": 92.509841,
        "activity_lines": [
          5051.416667,
          4966.513636,
          4878.030952,
          4816.242473
        ]
      },
      {
        "date": "2024-05-31",
        "close": 5111.0,
        "volume": 143456,
        "typical_volume": 97621.5,
        "trend": 4745.233333,
        "fair_value": 4669.961538,
        "relative_strength": 3.229683,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.444794,
        "energy": 90.486814,
        "activity_lines": [
          5087.833333,
          5001.290909,
          4907.371429,
          4841.592473
        ]
      },
      {
        "date": "2024-06-07",
        "close": 5073.5,
        "volume": 4770,
        "typical_volume": 97767.75,
        "trend": 4770.75,
        "fair_value": 4669.554487,
        "relative_strength": 2.779149,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.634115,
        "energy": 84.858497,
        "activity_lines": [
          5092.9,
          5024.313636,
          4931.083333,
          4862.770968
        ]
      },
      {
        "date": "2024-06-14",
        "close": 4898.75,
        "volume": 76176,
        "typical_volume": 101251.5,
        "trend": 4784.491667,
        "fair_value": 4668.777244,
        "relative_strength": 0.413136,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.340007,
        "energy": 52.908257,
        "activity_lines": [
          5029.05,
          5012.313636,
          4935.639286,
          4871.029032
        ]
      },
      {
        "date": "2024-06-21",
        "close": 4955.75,
        "volume": 375630,
        "typical_volume": 116412.0,
        "trend": 4800.725,
        "fair_value": 4667.923077,
        "relative_strength": 0.400016,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.390073,
        "energy": 35.72045,
        "activity_lines": [
          4994.683333,
          5010.086364,
          4944.582143,
          4882.077957
        ]
      },
      {
        "date": "2024-06-28",
        "close": 4917.0,
        "volume": 81210,
        "typical_volume": 120019.45,
        "trend": 4815.258333,
        "fair_value": 4666.644231,
        "relative_strength": 0.470619,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.866153,
        "energy": 25.301233,
        "activity_lines": [
          4957.483333,
          4998.427273,
          4948.265476,
          4889.57957
        ]
      },
      {
        "date": "2024-07-05",
        "close": 5024.5,
        "volume": 16896,
        "typical_volume": 120714.9,
        "trend": 4831.475,
        "fair_value": 4666.016026,
        "relative_strength": 2.126004,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.703226,
        "energy": 27.084923,
        "activity_lines": [
          4968.583333,
          5003.522727,
          4960.82619,
          4903.079032
        ]
      },
      {
        "date": "2024-07-12",
        "close": 5070.0,
        "volume": 10752,
        "typical_volume": 121237.15,
        "trend": 4844.591667,
        "fair_value": 4666.019231,
        "relative_strength": 2.404834,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 51.887242,
        "energy": 29.869736,
        "activity_lines": [
          5000.616667,
          5013.322727,
          4976.255952,
          4918.467742
        ]
      },
      {
        "date": "2024-07-19",
        "close": 5023.0,
        "volume": 21330,
        "typical_volume": 122208.75,
        "trend": 4853.525,
        "fair_value": 4665.089744,
        "relative_strength": 2.602557,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 53.392749,
        "energy": 33.653713,
        "activity_lines": [
          5017.216667,
          5011.731818,
          4985.414286,
          4929.977957
        ]
      },
      {
        "date": "2024-07-26",
        "close": 5046.0,
        "volume": 141843,
        "typical_volume": 129009.0,
        "trend": 4861.341667,
        "fair_value": 4664.166667,
        "relative_strength": 1.412194,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.972941,
        "energy": 39.720693,
        "activity_lines": [
          5033.2,
          5014.922727,
          4995.458333,
          4942.395699
        ]
      },
      {
        "date": "2024-08-02",
        "close": 4941.5,
        "volume": 11848,
        "typical_volume": 115039.95,
        "trend": 4870.65,
        "fair_value": 4662.208333,
        "relative_strength": 0.652802,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 47.119167,
        "energy": 28.225477,
        "activity_lines": [
          5008.333333,
          5000.222727,
          4994.192857,
          4947.567204
        ]
      },
      {
        "date": "2024-08-09",
        "close": 4923.25,
        "volume": 6683,
        "typical_volume": 106848.05,
        "trend": 4878.791667,
        "fair_value": 4659.649038,
        "relative_strength": 0.34912,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 16.483635,
        "energy": 9.009406,
        "activity_lines": [
          4975.75,
          4985.159091,
          4990.415476,
          4950.960753
        ]
      },
      {
        "date": "2024-08-16",
        "close": 5004.5,
        "volume": 9619,
        "typical_volume": 105986.15,
        "trend": 4894.083333,
        "fair_value": 4657.783654,
        "relative_strength": 0.231865,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 22.818788,
        "energy": 11.995746,
        "activity_lines": [
          4977.0,
          4988.281818,
          4993.977381,
          4959.070968
        ]
      },
      {
        "date": "2024-08-23",
        "close": 5063.0,
        "volume": 11688,
        "typical_volume": 106349.3,
        "trend": 4906.85,
        "fair_value": 4655.69391,
        "relative_strength": 1.156576,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 43.013642,
        "energy": 17.934345,
        "activity_lines": [
          5002.116667,
          5003.295455,
          5002.588095,
          4969.968817
        ]
      },
      {
        "date": "2024-08-30",
        "close": 5066.0,
        "volume": 4224,
        "typical_volume": 105036.65,
        "trend": 4921.508333,
        "fair_value": 4653.241987,
        "relative_strength": 0.59532,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 52.980254,
        "energy": 27.073137,
        "activity_lines": [
          5025.566667,
          5015.868182,
          5010.547619,
          4980.236559
        ]
      },
      {
        "date": "2024-09-06",
        "close": 4913.0,
        "volume": 4784,
        "typical_volume": 104270.9,
        "trend": 4930.9,
        "fair_value": 4650.424679,
        "relative_strength": -0.161101,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 8.830433,
        "energy": 9.308045,
        "activity_lines": [
          4996.683333,
          4998.618182,
          5002.785714,
          4979.687634
        ]
      },
      {
        "date": "2024-09-13",
        "close": 5009.5,
        "volume": 15271,
        "typical_volume": 104739.95,
        "trend": 4940.65,
        "fair_value": 4648.649038,
        "relative_strength": 0.574734,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 34.043578,
        "energy": 17.842295,
        "activity_lines": [
          5001.866667,
          4998.986364,
          5003.502381,
          4984.758602
        ]
      },
      {
        "date": "2024-09-20",
        "close": 5006.25,
        "volume": 113162,
        "typical_volume": 109993.45,
        "trend": 4951.091667,
        "fair_value": 4646.737179,
        "relative_strength": 0.920447,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 33.975862,
        "energy": 13.821154,
        "activity_lines": [
          5000.216667,
          4999.036364,
          5003.046429,
          4988.99086
        ]
      },
      {
        "date": "2024-09-27",
        "close": 5085.0,
        "volume": 9799,
        "typical_volume": 110209.35,
        "trend": 4962.291667,
        "fair_value": 4646.38141,
        "relative_strength": 1.270777,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 55.978929,
        "energy": 22.544481,
        "activity_lines": [
          5024.7,
          5014.563636,
          5009.64881,
          4997.630108
        ]
      },
      {
        "date": "2024-10-04",
        "close": 5014.0,
        "volume": 65237,
        "typical_volume": 62252.3,
        "trend": 4970.725,
        "fair_value": 4645.951923,
        "relative_strength": 0.217621,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 44.574795,
        "energy": 22.644185,
        "activity_lines": [
          5024.05,
          5016.054545,
          5009.35119,
          5000.966129
        ]
      },
      {
        "date": "2024-10-11",
        "close": 5000.5,
        "volume": 64354,
        "typical_volume": 59436.6,
        "trend": 4978.108333,
        "fair_value": 4644.541667,
        "relative_strength": 0.111591,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 40.850423,
        "energy": 20.253793,
        "activity_lines": [
          5022.366667,
          5015.672727,
          5008.210714,
          5002.887097
        ]
      },
      {
        "date": "2024-10-18",
        "close": 5013.5,
        "volume": 58912,
        "typical_volume": 55209.4,
        "trend": 4983.908333,
        "fair_value": 4642.939103,
        "relative_strength": -1.028789,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 42.30223,
        "energy": 20.026668,
        "activity_lines": [
          5019.183333,
          5016.581818,
          5008.80119,
          5005.17043
        ]
      },
      {
        "date": "2024-10-25",
        "close": 4940.75,
        "volume": 18817,
        "typical_volume": 55911.75,
        "trend": 4985.441667,
        "fair_value": 4640.850962,
        "relative_strength": -1.304953,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 4.604524,
        "energy": 5.835261,
        "activity_lines": [
          4991.483333,
          5002.622727,
          5002.927381,
          5002.386022
        ]
      },
      {
        "date": "2024-11-01",
        "close": 4879.5,
        "volume": 16015,
        "typical_volume": 52903.7,
        "trend": 4985.883333,
        "fair_value": 4637.405449,
        "relative_strength": -1.729596,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -36.189564,
        "energy": 36.793157,
        "activity_lines": [
          4947.733333,
          4978.686364,
          4991.852381,
          4995.551075
        ]
      },
      {
        "date": "2024-11-08",
        "close": 4852.25,
        "volume": 43250,
        "typical_volume": 36284.7,
        "trend": 4986.808333,
        "fair_value": 4633.724359,
        "relative_strength": -1.05927,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -43.664199,
        "energy": 55.701627,
        "activity_lines": [
          4908.6,
          4953.131818,
          4978.27381,
          4986.92957
        ]
      },
      {
        "date": "2024-11-15",
        "close": 4842.75,
        "volume": 160099,
        "typical_volume": 40229.15,
        "trend": 4989.45,
        "fair_value": 4630.600962,
        "relative_strength": -1.153704,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -70.580892,
        "energy": 72.302287,
        "activity_lines": [
          4877.083333,
          4929.736364,
          4964.283333,
          4977.635484
        ]
      },
      {
        "date": "2024-11-22",
        "close": 4825.75,
        "volume": 37452,
        "typical_volume": 41256.95,
        "trend": 4989.366667,
        "fair_value": 4628.842949,
        "relative_strength": -3.828545,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.067806,
        "energy": 73.70427,
        "activity_lines": [
          4850.416667,
          4904.527273,
          4949.027381,
          4967.074194
        ]
      },
      {
        "date": "2024-11-29",
        "close": 4866.75,
        "volume": 771392,
        "typical_volume": 79288.95,
        "trend": 4987.808333,
        "fair_value": 4627.354167,
        "relative_strength": -3.282256,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.987619,
        "energy": 66.845519,
        "activity_lines": [
          4849.933333,
          4890.113636,
          4938.622619,
          4959.163441
        ]
      },
      {
        "date": "2024-12-06",
        "close": 4940.75,
        "volume": 2335589,
        "typical_volume": 195001.9,
        "trend": 4983.966667,
        "fair_value": 4625.628205,
        "relative_strength": -2.044597,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.77221,
        "energy": 39.286528,
        "activity_lines": [
          4879.05,
          4891.690909,
          4936.233333,
          4956.127419
        ]
      },
      {
        "date": "2024-12-13",
        "close": 4920.25,
        "volume": 176437,
        "typical_volume": 196731.6,
        "trend": 4977.741667,
        "fair_value": 4624.283654,
        "relative_strength": -2.277749,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -42.203258,
        "energy": 26.73893,
        "activity_lines": [
          4897.25,
          4892.163636,
          4932.283333,
          4952.016667
        ]
      },
      {
        "date": "2024-12-20",
        "close": 4786.5,
        "volume": 37574,
        "typical_volume": 198017.9,
        "trend": 4967.158333,
        "fair_value": 4621.511218,
        "relative_strength": -2.318274,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.608219,
        "energy": 37.057521,
        "activity_lines": [
          4866.333333,
          4870.022727,
          4916.194048,
          4939.678495
        ]
      },
      {
        "date": "2024-12-27",
        "close": 4829.5,
        "volume": 656,
        "typical_volume": 197716.55,
        "trend": 4957.775,
        "fair_value": 4618.616987,
        "relative_strength": -2.137333,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.246189,
        "energy": 35.116892,
        "activity_lines": [
          4853.5,
          4859.590909,
          4904.938095,
          4930.797312
        ]
      },
      {
        "date": "2025-01-03",
        "close": 4860.0,
        "volume": 36837,
        "typical_volume": 199077.45,
        "trend": 4950.658333,
        "fair_value": 4616.344551,
        "relative_strength": -2.360221,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.014789,
        "energy": 36.181733,
        "activity_lines": [
          4850.583333,
          4858.05,
          4897.033333,
          4924.489247
        ]
      },
      {
        "date": "2025-01-10",
        "close": 4815.5,
        "volume": 42333,
        "typical_volume": 200609.7,
        "trend": 4947.883333,
        "fair_value": 4614.479167,
        "relative_strength": -3.45005,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.062926,
        "energy": 53.230123,
        "activity_lines": [
          4833.283333,
          4849.886364,
          4885.578571,
          4915.769355
        ]
      },
      {
        "date": "2025-01-17",
        "close": 4970.0,
        "volume": 183344,
        "typical_volume": 209565.7,
        "trend": 4948.358333,
        "fair_value": 4614.3125,
        "relative_strength": -3.283446,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -24.228515,
        "energy": 15.360483,
        "activity_lines": [
          4875.833333,
          4870.977273,
          4890.016667,
          4917.196237
        ]
      },
      {
        "date": "2025-01-24",
        "close": 5004.0,
        "volume": 13514,
        "typical_volume": 210002.2,
        "trend": 4951.258333,
        "fair_value": 4615.456731,
        "relative_strength": -2.513968,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -8.232132,
        "energy": 12.286459,
        "activity_lines": [
          4926.4,
          4896.109091,
          4898.15,
          4920.786022
        ]
      },
      {
        "date": "2025-01-31",
        "close": 5084.0,
        "volume": 24220,
        "typical_volume": 210449.65,
        "trend": 4953.241667,
        "fair_value": 4616.730769,
        "relative_strength": -2.84876,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 33.972365,
        "energy": 33.374768,
        "activity_lines": [
          4989.133333,
          4932.854545,
          4913.469048,
          4929.35
        ]
      },
      {
        "date": "2025-02-07",
        "close": 5065.0,
        "volume": 6450,
        "typical_volume": 205114.05,
        "trend": 4953.075,
        "fair_value": 4617.737179,
        "relative_strength": -3.416029,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 30.675612,
        "energy": 41.208337,
        "activity_lines": [
          5028.566667,
          4961.45,
          4926.62381,
          4936.560215
        ]
      },
      {
        "date": "2025-02-14",
        "close": 5153.0,
        "volume": 9372,
        "typical_volume": 205092.7,
        "trend": 4957.408333,
        "fair_value": 4620.36859,
        "relative_strength": -2.030611,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 41.95075,
        "energy": 66.542027,
        "activity_lines": [
          5083.666667,
          5002.440909,
          4947.879762,
          4949.458602
        ]
      },
      {
        "date": "2025-02-21",
        "close": 5085.0,
        "volume": 14406,
        "typical_volume": 202551.15,
        "trend": 4958.708333,
        "fair_value": 4622.911859,
        "relative_strength": -2.439548,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 37.539197,
        "energy": 65.048525,
        "activity_lines": [
          5093.6,
          5027.209091,
          4962.335714,
          4957.690323
        ]
      },
      {
        "date": "2025-02-28",
        "close": 5043.0,
        "volume": 926,
        "typical_volume": 199379.75,
        "trend": 4962.091667,
        "fair_value": 4627.748397,
        "relative_strength": -4.756932,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 60.722938,
        "energy": 60.671928,
        "activity_lines": [
          5081.866667,
          5041.345455,
          4972.453571,
          4963.128495
        ]
      },
      {
        "date": "2025-03-07",
        "close": 5134.0,
        "volume": 96669,
        "typical_volume": 201267.6,
        "trend": 4969.116667,
        "fair_value": 4631.674679,
        "relative_strength": -1.493498,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.475323,
        "energy": 52.898247,
        "activity_lines": [
          5097.866667,
          5067.363636,
          4991.035714,
          4974.219355
        ]
      },
      {
        "date": "2025-03-14",
        "close": 5106.0,
        "volume": 41183,
        "typical_volume": 202385.9,
        "trend": 4972.5,
        "fair_value": 4633.74359,
        "relative_strength": -1.405412,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.186907,
        "energy": 39.55314,
        "activity_lines": [
          5101.2,
          5082.754545,
          5006.377381,
          4983.050538
        ]
      },
      {
        "date": "2025-03-21",
        "close": 5120.0,
        "volume": 40665,
        "typical_volume": 203618.4,
        "trend": 4974.4,
        "fair_value": 4636.31891,
        "relative_strength": -1.243627,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.842754,
        "energy": 39.815817,
        "activity_lines": [
          5106.466667,
          5096.218182,
          5022.265476,
          4992.566667
        ]
      },
      {
        "date": "2025-03-28",
        "close": 5051.5,
        "volume": 59504,
        "typical_volume": 204431.1,
        "trend": 4973.916667,
        "fair_value": 4637.866987,
        "relative_strength": -2.600757,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 44.629951,
        "energy": 31.220337,
        "activity_lines": [
          5091.1,
          5091.690909,
          5030.484524,
          4997.54086
        ]
      },
      {
        "date": "2025-04-04",
        "close": 4667.75,
        "volume": 10371,
        "typical_volume": 196944.7,
        "trend": 4965.741667,
        "fair_value": 4637.275641,
        "relative_strength": -3.141658,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "mixed",
        "direction": -20.822039,
        "energy": 20.247065,
        "activity_lines": [
          4950.05,
          5015.909091,
          5001.207143,
          4977.788172
        ]
      },
      {
        "date": "2025-04-11",
        "close": 4748.5,
        "volume": 24169,
        "typical_volume": 196280.55,
        "trend": 4957.041667,
        "fair_value": 4637.407051,
        "relative_strength": -0.319714,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -25.088054,
        "energy": 29.148523,
        "activity_lines": [
          4860.933333,
          4960.922727,
          4980.453571,
          4963.772581
        ]
      },
      {
        "date": "2025-04-18",
        "close": 4916.0,
        "volume": 13598,
        "typical_volume": 158390.85,
        "trend": 4954.033333,
        "fair_value": 4638.427885,
        "relative_strength": -0.658334,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -14.481755,
        "energy": 27.669833,
        "activity_lines": [
          4853.35,
          4942.490909,
          4976.020238,
          4961.124731
        ]
      },
      {
        "date": "2025-04-25",
        "close": 5030.0,
        "volume": 61004,
        "typical_volume": 44661.6,
        "trend": 4952.2,
        "fair_value": 4640.655449,
        "relative_strength": -0.055457,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -5.843162,
        "energy": 20.953783,
        "activity_lines": [
          4896.433333,
          4947.495455,
          4982.209524,
          4966.025806
        ]
      },
      {
        "date": "2025-05-02",
        "close": 5226.0,
        "volume": 38940,
        "typical_volume": 37786.75,
        "trend": 4959.266667,
        "fair_value": 4645.192308,
        "relative_strength": 1.619706,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 50.064703,
        "energy": 20.626577,
        "activity_lines": [
          5010.85,
          4990.372727,
          5006.640476,
          4983.690323
        ]
      },
      {
        "date": "2025-05-09",
        "close": 5263.5,
        "volume": 15703,
        "typical_volume": 36693.2,
        "trend": 4968.033333,
        "fair_value": 4650.115385,
        "relative_strength": 2.79447,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 66.248511,
        "energy": 44.204092,
        "activity_lines": [
          5126.133333,
          5037.504545,
          5033.186905,
          5003.31828
        ]
      },
      {
        "date": "2025-05-16",
        "close": 5362.5,
        "volume": 31253,
        "typical_volume": 38223.05,
        "trend": 4979.666667,
        "fair_value": 4655.628205,
        "relative_strength": 3.126327,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.051614,
        "energy": 70.07195,
        "activity_lines": [
          5234.7,
          5098.627273,
          5066.890476,
          5028.767742
        ]
      },
      {
        "date": "2025-05-23",
        "close": 5341.5,
        "volume": 9310,
        "typical_volume": 36846.7,
        "trend": 4993.025,
        "fair_value": 4660.073718,
        "relative_strength": 2.332017,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.284684,
        "energy": 75.407584,
        "activity_lines": [
          5295.333333,
          5151.777273,
          5096.055952,
          5052.111828
        ]
      },
      {
        "date": "2025-05-30",
        "close": 5444.0,
        "volume": 7969,
        "typical_volume": 35128.5,
        "trend": 5011.841667,
        "fair_value": 4665.314103,
        "relative_strength": 3.63905,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.896862,
        "energy": 80.457524,
        "activity_lines": [
          5361.766667,
          5219.281818,
          5132.690476,
          5081.206989
        ]
      },
      {
        "date": "2025-06-06",
        "close": 5484.0,
        "volume": 15888,
        "typical_volume": 26755.7,
        "trend": 5032.9,
        "fair_value": 4671.948718,
        "relative_strength": 3.609511,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.847542,
        "energy": 81.912692,
        "activity_lines": [
          5413.933333,
          5288.168182,
          5170.141667,
          5111.668817
        ]
      },
      {
        "date": "2025-06-13",
        "close": 5472.0,
        "volume": 12104,
        "typical_volume": 26685.2,
        "trend": 5053.875,
        "fair_value": 4679.910256,
        "relative_strength": 3.178263,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.637766,
        "energy": 78.082733,
        "activity_lines": [
          5444.9,
          5347.009091,
          5204.002381,
          5139.997849
        ]
      },
      {
        "date": "2025-06-20",
        "close": 5457.0,
        "volume": 7432,
        "typical_volume": 25845.8,
        "trend": 5074.916667,
        "fair_value": 4687.525641,
        "relative_strength": 3.717856,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.665145,
        "energy": 71.833228,
        "activity_lines": [
          5456.966667,
          5388.5,
          5234.205952,
          5166.005914
        ]
      },
      {
        "date": "2025-06-27",
        "close": 5594.0,
        "volume": 4721,
        "typical_volume": 25759.35,
        "trend": 5099.158333,
        "fair_value": 4696.588141,
        "relative_strength": 5.915542,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.546402,
        "energy": 72.353958,
        "activity_lines": [
          5508.4,
          5442.018182,
          5275.680952,
          5199.495161
        ]
      },
      {
        "date": "2025-07-04",
        "close": 5615.0,
        "volume": 13470,
        "typical_volume": 25964.25,
        "trend": 5121.633333,
        "fair_value": 4705.467949,
        "relative_strength": 5.942637,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.343325,
        "energy": 80.326657,
        "activity_lines": [
          5550.0,
          5487.027273,
          5316.636905,
          5232.775269
        ]
      },
      {
        "date": "2025-07-11",
        "close": 5697.5,
        "volume": 21734,
        "typical_volume": 26330.65,
        "trend": 5147.541667,
        "fair_value": 4715.152244,
        "relative_strength": 6.000418,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 85.152298,
        "energy": 92.550764,
        "activity_lines": [
          5607.7,
          5536.4,
          5363.25,
          5269.927957
        ]
      },
      {
        "date": "2025-07-18",
        "close": 5731.5,
        "volume": 3780,
        "typical_volume": 26473.35,
        "trend": 5179.041667,
        "fair_value": 4723.737179,
        "relative_strength": 5.955305,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.93654,
        "energy": 92.848549,
        "activity_lines": [
          5662.5,
          5583.381818,
          5410.184524,
          5307.602688
        ]
      },
      {
        "date": "2025-07-25",
        "close": 5787.5,
        "volume": 11182,
        "typical_volume": 22199.0,
        "trend": 5210.975,
        "fair_value": 4732.286859,
        "relative_strength": 5.400463,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.189176,
        "energy": 93.109038,
        "activity_lines": [
          5718.666667,
          5632.036364,
          5459.17381,
          5346.858065
        ]
      },
      {
        "date": "2025-08-01",
        "close": 5633.0,
        "volume": 9762,
        "typical_volume": 20627.95,
        "trend": 5236.741667,
        "fair_value": 4739.910256,
        "relative_strength": 3.1167,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.673023,
        "energy": 85.533258,
        "activity_lines": [
          5701.3,
          5644.872727,
          5490.336905,
          5374.085484
        ]
      },
      {
        "date": "2025-08-08",
        "close": 5715.5,
        "volume": 4968,
        "typical_volume": 18843.1,
        "trend": 5266.741667,
        "fair_value": 4747.392628,
        "relative_strength": 4.229902,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.515347,
        "energy": 66.121653,
        "activity_lines": [
          5708.833333,
          5667.409091,
          5526.847619,
          5404.973118
        ]
      },
      {
        "date": "2025-08-15",
        "close": 5676.0,
        "volume": 15135,
        "typical_volume": 16624.65,
        "trend": 5290.275,
        "fair_value": 4755.352564,
        "relative_strength": 2.958012,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.546912,
        "energy": 62.444769,
        "activity_lines": [
          5696.5,
          5677.827273,
          5556.760714,
          5431.376882
        ]
      },
      {
        "date": "2025-08-22",
        "close": 5797.0,
        "volume": 5602,
        "typical_volume": 16386.2,
        "trend": 5316.708333,
        "fair_value": 4765.134615,
        "relative_strength": 3.048318,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.948644,
        "energy": 65.383696,
        "activity_lines": [
          5725.933333,
          5706.754545,
          5595.22381,
          5464.068817
        ]
      },
      {
        "date": "2025-08-29",
        "close": 5669.0,
        "volume": 9025,
        "typical_volume": 15629.0,
        "trend": 5336.208333,
        "fair_value": 4774.233974,
        "relative_strength": 2.203932,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.594857,
        "energy": 56.628563,
        "activity_lines": [
          5708.333333,
          5706.5,
          5616.119048,
          5486.797312
        ]
      },
      {
        "date": "2025-09-05",
        "close": 5630.0,
        "volume": 4237,
        "typical_volume": 15160.95,
        "trend": 5355.041667,
        "fair_value": 4782.668269,
        "relative_strength": 1.235253,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.097332,
        "energy": 44.104002,
        "activity_lines": [
          5685.633333,
          5695.3,
          5628.916667,
          5505.751613
        ]
      },
      {
        "date": "2025-09-12",
        "close": 5671.0,
        "volume": 25149,
        "typical_volume": 13368.2,
        "trend": 5372.308333,
        "fair_value": 4792.153846,
        "relative_strength": 1.130281,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 46.369019,
        "energy": 40.136208,
        "activity_lines": [
          5676.8,
          5690.9,
          5642.219048,
          5526.136022
        ]
      },
      {
        "date": "2025-09-19",
        "close": 5703.0,
        "volume": 10366,
        "typical_volume": 11939.5,
        "trend": 5392.908333,
        "fair_value": 4803.121795,
        "relative_strength": 2.401672,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 45.505711,
        "energy": 32.959476,
        "activity_lines": [
          5681.6,
          5691.3,
          5655.516667,
          5547.470968
        ]
      },
      {
        "date": "2025-09-26",
        "close": 5670.5,
        "volume": 23974,
        "typical_volume": 12353.05,
        "trend": 5413.825,
        "fair_value": 4814.554487,
        "relative_strength": 1.072576,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.224456,
        "energy": 29.235695,
        "activity_lines": [
          5673.766667,
          5685.690909,
          5663.447619,
          5565.380108
        ]
      },
      {
        "date": "2025-10-03",
        "close": 5810.0,
        "volume": 14456,
        "typical_volume": 11513.2,
        "trend": 5436.358333,
        "fair_value": 4826.870192,
        "relative_strength": 1.284588,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 71.052813,
        "energy": 46.576504,
        "activity_lines": [
          5720.866667,
          5706.554545,
          5682.72619,
          5590.939785
        ]
      },
      {
        "date": "2025-10-10",
        "close": 5721.0,
        "volume": 16999,
        "typical_volume": 11897.65,
        "trend": 5456.858333,
        "fair_value": 4838.836538,
        "relative_strength": 0.404833,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 53.97874,
        "energy": 40.810126,
        "activity_lines": [
          5728.9,
          5710.827273,
          5691.397619,
          5609.303763
        ]
      },
      {
        "date": "2025-10-17",
        "close": 5694.0,
        "volume": 49631,
        "typical_volume": 13980.75,
        "trend": 5475.991667,
        "fair_value": 4850.168269,
        "relative_strength": 0.681351,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 51.484934,
        "energy": 36.149179,
        "activity_lines": [
          5721.866667,
          5708.590909,
          5695.690476,
          5624.603226
        ]
      },
      {
        "date": "2025-10-24",
        "close": 7827.399902,
        "volume": 7207,
        "typical_volume": 13546.7,
        "trend": 5568.521663,
        "fair_value": 4874.456089,
        "relative_strength": 33.327239,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 94.915638,
        "energy": 96.819053,
        "activity_lines": [
          6424.433301,
          6094.636346,
          5901.9738,
          5776.306983
        ]
      },
      {
        "date": "2025-10-31",
        "close": 5824.0,
        "volume": 9550,
        "typical_volume": 13419.0,
        "trend": 5607.06333,
        "fair_value": 4885.020192,
        "relative_strength": -1.537613,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.429558,
        "energy": 58.7277,
        "activity_lines": [
          6317.573307,
          6077.310893,
          5906.298086,
          5792.789456
        ]
      },
      {
        "date": "2025-11-07",
        "close": 5664.0,
        "volume": 18058,
        "typical_volume": 13950.3,
        "trend": 5637.579997,
        "fair_value": 4892.770192,
        "relative_strength": -3.85047,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 46.952548,
        "energy": 41.237001,
        "activity_lines": [
          6147.146647,
          6030.403622,
          5893.708087,
          5796.46279
        ]
      },
      {
        "date": "2025-11-14",
        "close": 5750.0,
        "volume": 7515,
        "typical_volume": 14090.0,
        "trend": 5665.379997,
        "fair_value": 4901.853525,
        "relative_strength": -2.525912,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 45.270328,
        "energy": 35.413644,
        "activity_lines": [
          6015.119987,
          5999.223624,
          5888.322849,
          5803.715693
        ]
      },
      {
        "date": "2025-11-21",
        "close": 5603.0,
        "volume": 24269,
        "typical_volume": 14629.95,
        "trend": 5684.479997,
        "fair_value": 4909.686858,
        "relative_strength": -3.447686,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 9.670365,
        "energy": 18.823777,
        "activity_lines": [
          5832.159993,
          5939.134535,
          5868.194754,
          5799.691177
        ]
      },
      {
        "date": "2025-11-28",
        "close": 5805.0,
        "volume": 14625,
        "typical_volume": 14274.5,
        "trend": 5703.779997,
        "fair_value": 4918.810256,
        "relative_strength": -1.858206,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 17.518078,
        "energy": 22.804485,
        "activity_lines": [
          5722.6,
          5917.009082,
          5867.361898,
          5807.466661
        ]
      },
      {
        "date": "2025-12-05",
        "close": 5782.0,
        "volume": 4444,
        "typical_volume": 14307.7,
        "trend": 5721.06333,
        "fair_value": 4928.265384,
        "relative_strength": -1.716815,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 17.359538,
        "energy": 18.828398,
        "activity_lines": [
          5740.2,
          5888.847266,
          5863.82666,
          5812.513113
        ]
      },
      {
        "date": "2025-12-12",
        "close": 5802.5,
        "volume": 2163,
        "typical_volume": 13856.75,
        "trend": 5735.729997,
        "fair_value": 4938.226922,
        "relative_strength": -1.211136,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 18.598902,
        "energy": 15.43443,
        "activity_lines": [
          5767.433333,
          5862.385449,
          5862.003327,
          5817.767092
        ]
      },
      {
        "date": "2025-12-19",
        "close": 5858.0,
        "volume": 6343,
        "typical_volume": 13685.8,
        "trend": 5752.946663,
        "fair_value": 4948.119551,
        "relative_strength": -2.768758,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 13.613592,
        "energy": 7.803846,
        "activity_lines": [
          5803.933333,
          5846.150906,
          5865.39428,
          5825.655479
        ]
      },
      {
        "date": "2025-12-26",
        "close": 5878.0,
        "volume": 1425,
        "typical_volume": 13508.65,
        "trend": 5767.41333,
        "fair_value": 4957.871153,
        "relative_strength": -2.181878,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 27.304396,
        "energy": 11.443984,
        "activity_lines": [
          5839.9,
          5831.061816,
          5869.618566,
          5833.723436
        ]
      },
      {
        "date": "2026-01-02",
        "close": 5942.0,
        "volume": 10050,
        "typical_volume": 13254.4,
        "trend": 5782.679997,
        "fair_value": 4967.149999,
        "relative_strength": -1.934853,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 33.912057,
        "energy": 15.243549,
        "activity_lines": [
          5878.866667,
          5824.263636,
          5879.164281,
          5844.987093
        ]
      },
      {
        "date": "2026-01-09",
        "close": 6084.0,
        "volume": 99682,
        "typical_volume": 17958.4,
        "trend": 5803.079997,
        "fair_value": 4976.545833,
        "relative_strength": -1.365274,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 42.148398,
        "energy": 21.803364,
        "activity_lines": [
          5956.033333,
          5877.563636,
          5900.967139,
          5864.427093
        ]
      },
      {
        "date": "2026-01-16",
        "close": 6119.0,
        "volume": 19918,
        "typical_volume": 18503.05,
        "trend": 5825.146663,
        "fair_value": 4986.334294,
        "relative_strength": -1.912524,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 53.464699,
        "energy": 36.855593,
        "activity_lines": [
          6024.733333,
          5932.5,
          5924.736663,
          5884.809028
        ]
      },
      {
        "date": "2026-01-23",
        "close": 6127.0,
        "volume": 16994,
        "typical_volume": 19140.9,
        "trend": 5842.91333,
        "fair_value": 4995.701281,
        "relative_strength": -0.942887,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 59.900037,
        "energy": 56.093176,
        "activity_lines": [
          6075.0,
          5980.618182,
          5947.125235,
          5904.283437
        ]
      },
      {
        "date": "2026-01-30",
        "close": 6108.0,
        "volume": 122131,
        "typical_volume": 23990.0,
        "trend": 5859.346663,
        "fair_value": 5003.808653,
        "relative_strength": -2.058745,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.392475,
        "energy": 77.676314,
        "activity_lines": [
          6101.0,
          6018.427273,
          5965.337616,
          5921.385803
        ]
      },
      {
        "date": "2026-02-06",
        "close": 6154.0,
        "volume": 195341,
        "typical_volume": 33238.75,
        "trend": 5874.56333,
        "fair_value": 5012.98173,
        "relative_strength": -2.747982,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.755333,
        "energy": 79.697474,
        "activity_lines": [
          6127.0,
          6055.418182,
          5985.849998,
          5940.395696
        ]
      },
      {
        "date": "2026-02-13",
        "close": 6171.0,
        "volume": 107211,
        "typical_volume": 37400.6,
        "trend": 5889.21333,
        "fair_value": 5021.835897,
        "relative_strength": -3.196361,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.598044,
        "energy": 78.74472,
        "activity_lines": [
          6144.533333,
          6089.154545,
          6005.833808,
          5959.520642
        ]
      },
      {
        "date": "2026-02-20",
        "close": 6263.0,
        "volume": 70018,
        "typical_volume": 40178.7,
        "trend": 5905.06333,
        "fair_value": 5031.85673,
        "relative_strength": -3.960567,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.382632,
        "energy": 83.881749,
        "activity_lines": [
          6186.933333,
          6132.545455,
          6032.196189,
          5983.635911
        ]
      },
      {
        "date": "2026-02-27",
        "close": 6322.5,
        "volume": 213071,
        "typical_volume": 49982.3,
        "trend": 5928.046663,
        "fair_value": 5041.645192,
        "relative_strength": -5.057046,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.351726,
        "energy": 87.81578,
        "activity_lines": [
          6239.566667,
          6178.381818,
          6062.068094,
          6010.567309
        ]
      },
      {
        "date": "2026-03-06",
        "close": 6004.0,
        "volume": 81287,
        "typical_volume": 51565.1,
        "trend": 5937.66333,
        "fair_value": 5050.435256,
        "relative_strength": -4.330646,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.255362,
        "energy": 45.7581,
        "activity_lines": [
          6173.0,
          6157.863636,
          6058.74238,
          6015.467525
        ]
      },
      {
        "date": "2026-03-13",
        "close": 5810.0,
        "volume": 196375,
        "typical_volume": 61023.5,
        "trend": 5942.129997,
        "fair_value": 5059.542628,
        "relative_strength": -7.134963,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 11.425753,
        "energy": 10.215175,
        "activity_lines": [
          6048.7,
          6099.781818,
          6035.464286,
          6007.231181
        ]
      },
      {
        "date": "2026-03-20",
        "close": 5647.0,
        "volume": 168412,
        "typical_volume": 68966.6,
        "trend": 5937.129997,
        "fair_value": 5067.641987,
        "relative_strength": -6.552669,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "mixed",
        "direction": -29.616927,
        "energy": 34.298921,
        "activity_lines": [
          5893.0,
          6014.463636,
          6006.269048,
          5988.190536
        ]
      },
      {
        "date": "2026-03-27",
        "close": 5640.0,
        "volume": 528905,
        "typical_volume": 94508.95,
        "trend": 5936.16333,
        "fair_value": 5074.638781,
        "relative_strength": -7.076813,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -39.554026,
        "energy": 46.751611,
        "activity_lines": [
          5769.9,
          5935.818182,
          5977.25,
          5969.020859
        ]
      },
      {
        "date": "2026-04-03",
        "close": 5863.0,
        "volume": 93410,
        "typical_volume": 98803.7,
        "trend": 5943.929997,
        "fair_value": 5083.433653,
        "relative_strength": -7.691219,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -24.274152,
        "energy": 39.440005,
        "activity_lines": [
          5762.666667,
          5906.427273,
          5969.583333,
          5964.300644
        ]
      },
      {
        "date": "2026-04-10",
        "close": 6099.0,
        "volume": 40119,
        "typical_volume": 99596.2,
        "trend": 5958.196663,
        "fair_value": 5092.848717,
        "relative_strength": -5.400555,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -4.965697,
        "energy": 21.463269,
        "activity_lines": [
          5864.733333,
          5924.745455,
          5983.854762,
          5974.30516
        ]
      },
      {
        "date": "2026-04-17",
        "close": 6332.0,
        "volume": 34982,
        "typical_volume": 100614.05,
        "trend": 5979.16333,
        "fair_value": 5103.851922,
        "relative_strength": -2.402936,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "up",
        "direction": 52.214923,
        "energy": 25.17521,
        "activity_lines": [
          6038.133333,
          5985.590909,
          6017.954762,
          5998.421504
        ]
      },
      {
        "date": "2026-04-24",
        "close": 6136.0,
        "volume": 47872,
        "typical_volume": 102785.45,
        "trend": 5994.679997,
        "fair_value": 5113.60032,
        "relative_strength": -2.775001,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 41.541122,
        "energy": 33.847869,
        "activity_lines": [
          6111.4,
          6007.563636,
          6030.878571,
          6008.539999
        ]
      },
      {
        "date": "2026-05-01",
        "close": 6169.0,
        "volume": 51086,
        "typical_volume": 105231.6,
        "trend": 6006.646663,
        "fair_value": 5123.710897,
        "relative_strength": -2.069461,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 45.470446,
        "energy": 39.549022,
        "activity_lines": [
          6163.066667,
          6036.172727,
          6045.259524,
          6019.786451
        ]
      },
      {
        "date": "2026-05-08",
        "close": 6227.0,
        "volume": 369948,
        "typical_volume": 123411.85,
        "trend": 6023.51333,
        "fair_value": 5134.299038,
        "relative_strength": 0.136191,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.249841,
        "energy": 49.72266,
        "activity_lines": [
          6198.8,
          6077.036364,
          6063.419048,
          6034.002795
        ]
      },
      {
        "date": "2026-05-15",
        "close": 6207.0,
        "volume": 83522,
        "typical_volume": 127516.7,
        "trend": 6040.61333,
        "fair_value": 5144.625961,
        "relative_strength": 0.211143,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.310692,
        "energy": 53.393634,
        "activity_lines": [
          6203.6,
          6116.0,
          6077.916667,
          6045.840645
        ]
      },
      {
        "date": "2026-05-22",
        "close": 6340.0,
        "volume": 65105,
        "typical_volume": 130269.45,
        "trend": 5991.033333,
        "fair_value": 5156.486538,
        "relative_strength": -0.269013,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.304569,
        "energy": 55.314501,
        "activity_lines": [
          6245.533333,
          6175.454545,
          6103.514286,
          6065.155914
        ]
      },
      {
        "date": "2026-05-29",
        "close": 6402.0,
        "volume": 30068,
        "typical_volume": 126788.75,
        "trend": 6010.3,
        "fair_value": 5168.505769,
        "relative_strength": 1.275544,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.78415,
        "energy": 59.221395,
        "activity_lines": [
          6307.6,
          6236.545455,
          6133.121429,
          6091.669892
        ]
      },
      {
        "date": "2026-06-05",
        "close": 6259.0,
        "volume": 1562,
        "typical_volume": 125870.95,
        "trend": 6030.133333,
        "fair_value": 5179.766987,
        "relative_strength": -0.540161,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.70618,
        "energy": 51.763706,
        "activity_lines": [
          6304.266667,
          6257.909091,
          6147.595238,
          6107.715054
        ]
      },
      {
        "date": "2026-06-12",
        "close": 6294.0,
        "volume": 2275,
        "typical_volume": 125135.0,
        "trend": 6048.266667,
        "fair_value": 5191.045833,
        "relative_strength": -0.919442,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.457624,
        "energy": 51.351724,
        "activity_lines": [
          6306.6,
          6274.381818,
          6164.735714,
          6124.73871
        ]
      },
      {
        "date": "2026-06-19",
        "close": 6276.0,
        "volume": 1316,
        "typical_volume": 119094.25,
        "trend": 6070.7,
        "fair_value": 5203.417628,
        "relative_strength": -0.117757,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.822974,
        "energy": 42.83453,
        "activity_lines": [
          6298.466667,
          6279.745455,
          6179.366667,
          6139.431183
        ]
      },
      {
        "date": "2026-06-26",
        "close": 6191.0,
        "volume": 28029,
        "typical_volume": 110728.65,
        "trend": 6083.566667,
        "fair_value": 5214.661217,
        "relative_strength": -2.683515,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 40.358602,
        "energy": 24.328538,
        "activity_lines": [
          6257.4,
          6266.436364,
          6185.102381,
          6147.192473
        ]
      },
      {
        "date": "2026-07-03",
        "close": 6325.0,
        "volume": 5264,
        "typical_volume": 105631.3,
        "trend": 6101.666667,
        "fair_value": 5227.327884,
        "relative_strength": -2.031875,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 47.899087,
        "energy": 28.214145,
        "activity_lines": [
          6270.933333,
          6280.054545,
          6203.42381,
          6162.768817
        ]
      },
      {
        "date": "2026-07-10",
        "close": 6177.5,
        "volume": 13723,
        "typical_volume": 102816.55,
        "trend": 6114.166667,
        "fair_value": 5238.145192,
        "relative_strength": -2.509148,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.677668,
        "energy": 18.590592,
        "activity_lines": [
          6240.433333,
          6263.418182,
          6206.964286,
          6167.66129
        ]
      },
      {
        "date": "2026-07-17",
        "close": 6224.5,
        "volume": 30508,
        "typical_volume": 93688.4,
        "trend": 6126.383333,
        "fair_value": 5248.717307,
        "relative_strength": -2.567015,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.887889,
        "energy": 18.391048,
        "activity_lines": [
          6231.033333,
          6255.172727,
          6215.388095,
          6174.77957
        ]
      },
      {
        "date": "2026-07-24",
        "close": 6272.0,
        "volume": 15149,
        "typical_volume": 90381.5,
        "trend": 6139.516667,
        "fair_value": 5259.53782,
        "relative_strength": -2.909215,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.136139,
        "energy": 22.334074,
        "activity_lines": [
          6242.1,
          6255.609091,
          6228.802381,
          6184.174194
        ]
      },
      {
        "date": "2026-07-31",
        "close": 6330.0,
        "volume": 7856,
        "typical_volume": 80955.55,
        "trend": 6152.45,
        "fair_value": 5270.91923,
        "relative_strength": -3.080673,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 58.369205,
        "energy": 29.394204,
        "activity_lines": [
          6272.766667,
          6265.409091,
          6246.464286,
          6196.463441
        ]
      },
      {
        "date": "2026-08-07",
        "close": 6480.0,
        "volume": 19701,
        "typical_volume": 73520.0,
        "trend": 6165.65,
        "fair_value": 5283.581089,
        "relative_strength": -0.976811,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 78.317879,
        "energy": 63.260396,
        "activity_lines": [
          6344.166667,
          6302.663636,
          6275.935714,
          6217.595699
        ]
      }
    ],
    "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."
    }
  }
}