{
  "ticker": {
    "uuid": "13ecb859-67cc-45d0-99f8-3abe6e9c247c",
    "symbol": "UB0E",
    "name": "UBS Core MSCI EMU UCITS ETF hGBP acc",
    "exchange": "LSE",
    "country": "GB",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^FTSE",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 82.801,
    "architecture_energy": 65.656,
    "architecture_maturity": 64.078,
    "architecture_confidence": 76.89,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 13.98,
        "rotation_up": 55.02,
        "upward_expansion": 82.16,
        "deceleration": 69.14,
        "rotation_down": 27.3,
        "downward_expansion": 11.16
      },
      "activity_lines": [
        2387.183333,
        2376.313636,
        2329.983333,
        2284.594086
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 2438.0,
    "trend_reference": 2235.966667,
    "distance_from_trend": 0.090356,
    "trend_direction": "Improving",
    "fair_value": 1807.820831,
    "distance_from_fair_value": 0.348585,
    "fair_value_direction": "Improving",
    "relative_strength": 5.048018,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.119376,
    "excess_performance": 0.06814,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.090356,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.046644,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.348585,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.070423,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.05048,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.024843,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.119376,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.643096,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 21727,
      "relative_activity": 1.933334,
      "balance": 4.643096,
      "dry_up": 1.493046,
      "accumulation_observations": 4,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.020561,
      "annualized_volatility": 0.17117,
      "from_high_reference": -0.002863,
      "from_low_reference": 0.282739
    },
    "levels": {
      "trend_reference": 2235.966667,
      "fair_value_reference": 1807.820831,
      "structural_low": 1988.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 39,
        "median_return": 0.006893,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.005053,
        "regime_survival": 0.769231,
        "best_return": 0.088842,
        "worst_return": -0.105008,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
        "median_return": 0.030289,
        "positive_rate": 0.692308,
        "directional_follow_through": 0.692308,
        "median_excess_return": 0.009622,
        "regime_survival": 0.615385,
        "best_return": 0.105249,
        "worst_return": -0.054443,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": 0.065812,
        "positive_rate": 0.875,
        "directional_follow_through": 0.875,
        "median_excess_return": 0.023517,
        "regime_survival": 0.5,
        "best_return": 0.167614,
        "worst_return": -0.163397,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.159556,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.053572,
        "regime_survival": 0.25,
        "best_return": 0.255487,
        "worst_return": -0.114937,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-10-20",
        "end": "2023-12-01",
        "tenure": "Developing",
        "return": 0.099878,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2023-12-08",
        "end": "2023-12-22",
        "tenure": "New",
        "return": 0.001351,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-29",
        "end": "2024-06-21",
        "tenure": "Established",
        "return": 0.09705,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-06-28",
        "end": "2024-08-09",
        "tenure": "Developing",
        "return": -0.034549,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-08-16",
        "end": "2024-08-23",
        "tenure": "New",
        "return": 0.014391,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-30",
        "end": "2024-10-11",
        "tenure": "Developing",
        "return": 0.007882,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-18",
        "end": "2024-11-08",
        "tenure": "New",
        "return": -0.033918,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-15",
        "end": "2025-01-10",
        "tenure": "Developing",
        "return": 0.033492,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-01-17",
        "end": "2025-03-28",
        "tenure": "Developing",
        "return": 0.04661,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-04",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.018368,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-18",
        "end": "2025-05-09",
        "tenure": "New",
        "return": 0.086969,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-05-16",
        "end": "2026-03-13",
        "tenure": "Extended",
        "return": 0.106119,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-03-20",
        "end": "2026-04-24",
        "tenure": "Developing",
        "return": 0.077863,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-01",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": 0.107804,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 1389.0,
        "volume": 0,
        "typical_volume": 2907.6,
        "trend": 1397.733342,
        "fair_value": 1263.272119,
        "relative_strength": 9.259847,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 18.726738,
        "energy": 10.969136,
        "activity_lines": [
          1417.013347,
          1421.814553,
          1419.320956,
          1410.492265
        ]
      },
      {
        "date": "2023-08-25",
        "close": 1397.099976,
        "volume": 0,
        "typical_volume": 2486.55,
        "trend": 1399.210006,
        "fair_value": 1265.606093,
        "relative_strength": 8.393727,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 5.030541,
        "energy": 14.519357,
        "activity_lines": [
          1406.893335,
          1417.185456,
          1417.568096,
          1410.451402
        ]
      },
      {
        "date": "2023-09-01",
        "close": 1414.400024,
        "volume": 1,
        "typical_volume": 2485.5,
        "trend": 1400.303341,
        "fair_value": 1268.180452,
        "relative_strength": 7.54971,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 9.770024,
        "energy": 17.069282,
        "activity_lines": [
          1405.606673,
          1416.441824,
          1417.409051,
          1411.431404
        ]
      },
      {
        "date": "2023-09-08",
        "close": 1398.0,
        "volume": 0,
        "typical_volume": 2407.95,
        "trend": 1401.546676,
        "fair_value": 1270.505452,
        "relative_strength": 5.806212,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 2.251674,
        "energy": 15.518967,
        "activity_lines": [
          1402.213338,
          1412.316369,
          1415.652384,
          1411.282801
        ]
      },
      {
        "date": "2023-09-15",
        "close": 1413.400024,
        "volume": 39686,
        "typical_volume": 4392.25,
        "trend": 1402.386678,
        "fair_value": 1272.956093,
        "relative_strength": 3.466994,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 8.625531,
        "energy": 11.069671,
        "activity_lines": [
          1405.693343,
          1411.63819,
          1415.432386,
          1412.047533
        ]
      },
      {
        "date": "2023-09-22",
        "close": 1388.0,
        "volume": 6833,
        "typical_volume": 4733.9,
        "trend": 1403.240011,
        "fair_value": 1275.552888,
        "relative_strength": 1.705513,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -21.926389,
        "energy": 17.964999,
        "activity_lines": [
          1400.900008,
          1405.876372,
          1412.76429,
          1411.11936
        ]
      },
      {
        "date": "2023-09-29",
        "close": 1375.199951,
        "volume": 0,
        "typical_volume": 4733.4,
        "trend": 1402.653341,
        "fair_value": 1277.925324,
        "relative_strength": 1.522019,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -38.674988,
        "energy": 36.34776,
        "activity_lines": [
          1391.906657,
          1398.672725,
          1408.971429,
          1409.310324
        ]
      },
      {
        "date": "2023-10-06",
        "close": 1358.300049,
        "volume": 2496,
        "typical_volume": 3409.5,
        "trend": 1402.520007,
        "fair_value": 1280.002888,
        "relative_strength": 1.538465,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -46.710994,
        "energy": 55.456772,
        "activity_lines": [
          1378.740006,
          1389.630915,
          1403.713814,
          1406.448822
        ]
      },
      {
        "date": "2023-10-13",
        "close": 1354.800049,
        "volume": 1818,
        "typical_volume": 3018.0,
        "trend": 1403.996676,
        "fair_value": 1282.086222,
        "relative_strength": -0.304343,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -74.869594,
        "energy": 76.217834,
        "activity_lines": [
          1368.146688,
          1381.889105,
          1398.458104,
          1403.370115
        ]
      },
      {
        "date": "2023-10-20",
        "close": 1316.599976,
        "volume": 254,
        "typical_volume": 3030.25,
        "trend": 1403.706673,
        "fair_value": 1284.023401,
        "relative_strength": -0.697181,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -86.116899,
        "energy": 85.959117,
        "activity_lines": [
          1347.700008,
          1368.461825,
          1389.830959,
          1397.731618
        ]
      },
      {
        "date": "2023-10-27",
        "close": 1314.099976,
        "volume": 1,
        "typical_volume": 3015.0,
        "trend": 1401.333337,
        "fair_value": 1286.358337,
        "relative_strength": 0.470892,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -82.797435,
        "energy": 89.786492,
        "activity_lines": [
          1332.873332,
          1356.392729,
          1381.43048,
          1391.950541
        ]
      },
      {
        "date": "2023-11-03",
        "close": 1368.599976,
        "volume": 27205,
        "typical_volume": 4340.15,
        "trend": 1400.760002,
        "fair_value": 1288.605772,
        "relative_strength": 2.615303,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.523306,
        "energy": 76.869189,
        "activity_lines": [
          1341.139991,
          1355.594543,
          1378.651906,
          1389.838711
        ]
      },
      {
        "date": "2023-11-10",
        "close": 1372.5,
        "volume": 4,
        "typical_volume": 4234.4,
        "trend": 1399.613334,
        "fair_value": 1290.43526,
        "relative_strength": 3.536917,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.814127,
        "energy": 51.705977,
        "activity_lines": [
          1351.146656,
          1356.023633,
          1376.574286,
          1388.015485
        ]
      },
      {
        "date": "2023-11-17",
        "close": 1420.300049,
        "volume": 0,
        "typical_volume": 4230.9,
        "trend": 1399.866671,
        "fair_value": 1292.496157,
        "relative_strength": 4.885165,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -15.427234,
        "energy": 14.170098,
        "activity_lines": [
          1376.140007,
          1365.90546,
          1379.143815,
          1389.350112
        ]
      },
      {
        "date": "2023-11-24",
        "close": 1431.5,
        "volume": 768,
        "typical_volume": 4269.3,
        "trend": 1400.673336,
        "fair_value": 1294.483337,
        "relative_strength": 5.707333,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": 3.773365,
        "energy": 26.557132,
        "activity_lines": [
          1400.500008,
          1377.418186,
          1382.843338,
          1391.390972
        ]
      },
      {
        "date": "2023-12-01",
        "close": 1448.099976,
        "volume": 0,
        "typical_volume": 4266.95,
        "trend": 1402.016667,
        "fair_value": 1296.573721,
        "relative_strength": 6.094562,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": 40.359258,
        "energy": 46.936462,
        "activity_lines": [
          1422.733334,
          1391.62,
          1387.915716,
          1394.450755
        ]
      },
      {
        "date": "2023-12-08",
        "close": 1480.099976,
        "volume": 11000,
        "typical_volume": 4769.65,
        "trend": 1404.5,
        "fair_value": 1298.957054,
        "relative_strength": 7.782759,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 51.203653,
        "energy": 72.457724,
        "activity_lines": [
          1446.699992,
          1410.547268,
          1395.981428,
          1399.488388
        ]
      },
      {
        "date": "2023-12-15",
        "close": 1490.199951,
        "volume": 2634,
        "typical_volume": 4688.25,
        "trend": 1406.55,
        "fair_value": 1301.283335,
        "relative_strength": 7.876537,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 49.760483,
        "energy": 81.312997,
        "activity_lines": [
          1466.599976,
          1429.403622,
          1404.832852,
          1405.017417
        ]
      },
      {
        "date": "2023-12-22",
        "close": 1482.099976,
        "volume": 298,
        "typical_volume": 4649.95,
        "trend": 1408.926664,
        "fair_value": 1303.546797,
        "relative_strength": 5.303251,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 75.037541,
        "energy": 90.616058,
        "activity_lines": [
          1475.953304,
          1444.389074,
          1412.791897,
          1409.891609
        ]
      },
      {
        "date": "2023-12-29",
        "close": 1487.900024,
        "volume": 0,
        "typical_volume": 4649.9,
        "trend": 1411.383333,
        "fair_value": 1305.810258,
        "relative_strength": 4.937698,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.251119,
        "energy": 90.343745,
        "activity_lines": [
          1483.119987,
          1458.114535,
          1421.027138,
          1414.986664
        ]
      },
      {
        "date": "2024-01-05",
        "close": 1470.0,
        "volume": 0,
        "typical_volume": 4649.9,
        "trend": 1413.560002,
        "fair_value": 1307.778848,
        "relative_strength": 4.022495,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.811301,
        "energy": 85.90174,
        "activity_lines": [
          1480.559993,
          1465.470901,
          1427.216662,
          1418.768385
        ]
      },
      {
        "date": "2024-01-12",
        "close": 1471.900024,
        "volume": 14934,
        "typical_volume": 5396.6,
        "trend": 1414.696668,
        "fair_value": 1309.846796,
        "relative_strength": 4.798318,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.49649,
        "energy": 71.136293,
        "activity_lines": [
          1477.17334,
          1470.338179,
          1433.201426,
          1422.532257
        ]
      },
      {
        "date": "2024-01-19",
        "close": 1462.0,
        "volume": 0,
        "typical_volume": 5396.55,
        "trend": 1417.016667,
        "fair_value": 1311.841027,
        "relative_strength": 6.096621,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.484788,
        "energy": 56.262911,
        "activity_lines": [
          1471.033341,
          1471.52727,
          1437.88714,
          1425.584085
        ]
      },
      {
        "date": "2024-01-26",
        "close": 1514.900024,
        "volume": 1690,
        "typical_volume": 5481.05,
        "trend": 1419.726668,
        "fair_value": 1314.377566,
        "relative_strength": 7.171616,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.440894,
        "energy": 66.852709,
        "activity_lines": [
          1484.406681,
          1480.707275,
          1447.384285,
          1431.89914
        ]
      },
      {
        "date": "2024-02-02",
        "close": 1513.599976,
        "volume": 350,
        "typical_volume": 3514.25,
        "trend": 1423.919999,
        "fair_value": 1316.588463,
        "relative_strength": 7.089307,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.890771,
        "energy": 80.796404,
        "activity_lines": [
          1495.160002,
          1487.930908,
          1456.20095,
          1437.955483
        ]
      },
      {
        "date": "2024-02-09",
        "close": 1528.099976,
        "volume": 0,
        "typical_volume": 3172.6,
        "trend": 1426.966667,
        "fair_value": 1318.831412,
        "relative_strength": 8.400047,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.583212,
        "energy": 91.89345,
        "activity_lines": [
          1509.033325,
          1496.298178,
          1465.921424,
          1444.676772
        ]
      },
      {
        "date": "2024-02-16",
        "close": 1543.5,
        "volume": 331,
        "typical_volume": 3189.15,
        "trend": 1430.313334,
        "fair_value": 1321.144233,
        "relative_strength": 7.221544,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.032764,
        "energy": 95.484057,
        "activity_lines": [
          1524.166659,
          1506.010906,
          1476.441424,
          1452.195051
        ]
      },
      {
        "date": "2024-02-23",
        "close": 1572.5,
        "volume": 0,
        "typical_volume": 3064.35,
        "trend": 1433.903333,
        "fair_value": 1323.812182,
        "relative_strength": 8.963154,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 93.255635,
        "energy": 97.376266,
        "activity_lines": [
          1544.193327,
          1519.843635,
          1488.921901,
          1461.368384
        ]
      },
      {
        "date": "2024-03-01",
        "close": 1577.0,
        "volume": 4,
        "typical_volume": 2973.65,
        "trend": 1439.0,
        "fair_value": 1326.458336,
        "relative_strength": 9.276703,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.166981,
        "energy": 96.438492,
        "activity_lines": [
          1558.353329,
          1532.99818,
          1500.810949,
          1470.600427
        ]
      },
      {
        "date": "2024-03-08",
        "close": 1597.0,
        "volume": 0,
        "typical_volume": 2960.95,
        "trend": 1445.023332,
        "fair_value": 1328.931413,
        "relative_strength": 10.621917,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 92.276253,
        "energy": 97.21634,
        "activity_lines": [
          1575.039998,
          1548.063634,
          1513.546663,
          1480.793976
        ]
      },
      {
        "date": "2024-03-15",
        "close": 1608.400024,
        "volume": 14,
        "typical_volume": 2961.6,
        "trend": 1452.336666,
        "fair_value": 1331.463464,
        "relative_strength": 10.104222,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 89.592073,
        "energy": 96.095691,
        "activity_lines": [
          1589.966675,
          1563.218184,
          1526.032857,
          1491.334408
        ]
      },
      {
        "date": "2024-03-22",
        "close": 1627.599976,
        "volume": 0,
        "typical_volume": 1601.35,
        "trend": 1460.019999,
        "fair_value": 1334.071156,
        "relative_strength": 8.270424,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.887269,
        "energy": 95.749427,
        "activity_lines": [
          1605.939998,
          1579.34727,
          1538.946188,
          1502.641718
        ]
      },
      {
        "date": "2024-03-29",
        "close": 1644.5,
        "volume": 0,
        "typical_volume": 1601.15,
        "trend": 1467.689998,
        "fair_value": 1336.639105,
        "relative_strength": 8.817164,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.897407,
        "energy": 88.695203,
        "activity_lines": [
          1621.939998,
          1595.71818,
          1552.235712,
          1514.543653
        ]
      },
      {
        "date": "2024-04-05",
        "close": 1622.599976,
        "volume": 0,
        "typical_volume": 1601.15,
        "trend": 1475.176664,
        "fair_value": 1339.002566,
        "relative_strength": 7.645635,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.590685,
        "energy": 68.856273,
        "activity_lines": [
          1625.83999,
          1604.789085,
          1562.144281,
          1524.537846
        ]
      },
      {
        "date": "2024-04-12",
        "close": 1608.900024,
        "volume": 973,
        "typical_volume": 1611.4,
        "trend": 1481.693331,
        "fair_value": 1341.165387,
        "relative_strength": 5.37079,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.098914,
        "energy": 68.019836,
        "activity_lines": [
          1622.133333,
          1609.410909,
          1569.78476,
          1533.165159
        ]
      },
      {
        "date": "2024-04-19",
        "close": 1595.0,
        "volume": 0,
        "typical_volume": 1611.4,
        "trend": 1488.593331,
        "fair_value": 1343.270515,
        "relative_strength": 5.529718,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.02248,
        "energy": 65.804552,
        "activity_lines": [
          1613.0,
          1609.772727,
          1575.256666,
          1540.475267
        ]
      },
      {
        "date": "2024-04-26",
        "close": 1631.5,
        "volume": 2927,
        "typical_volume": 1207.75,
        "trend": 1497.136666,
        "fair_value": 1345.632054,
        "relative_strength": 4.483173,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.025763,
        "energy": 69.124547,
        "activity_lines": [
          1616.926668,
          1615.554545,
          1583.505237,
          1549.695052
        ]
      },
      {
        "date": "2024-05-03",
        "close": 1620.199951,
        "volume": 4195,
        "typical_volume": 1285.8,
        "trend": 1505.866663,
        "fair_value": 1347.788463,
        "relative_strength": 2.661,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.387852,
        "energy": 57.844839,
        "activity_lines": [
          1616.826652,
          1617.681809,
          1589.956662,
          1557.634619
        ]
      },
      {
        "date": "2024-05-10",
        "close": 1674.900024,
        "volume": 1840,
        "typical_volume": 1362.9,
        "trend": 1516.536662,
        "fair_value": 1350.310899,
        "relative_strength": 3.175831,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 89.591549,
        "energy": 72.542959,
        "activity_lines": [
          1636.579997,
          1628.887269,
          1600.998569,
          1568.539997
        ]
      },
      {
        "date": "2024-05-17",
        "close": 1679.699951,
        "volume": 4546,
        "typical_volume": 1590.2,
        "trend": 1528.639994,
        "fair_value": 1352.83013,
        "relative_strength": 3.479247,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.686391,
        "energy": 74.54657,
        "activity_lines": [
          1654.446647,
          1639.185442,
          1611.579517,
          1579.066661
        ]
      },
      {
        "date": "2024-05-24",
        "close": 1675.900024,
        "volume": 93,
        "typical_volume": 1594.85,
        "trend": 1540.699996,
        "fair_value": 1355.214104,
        "relative_strength": 4.347999,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.377183,
        "energy": 77.604811,
        "activity_lines": [
          1666.32666,
          1647.289085,
          1620.885233,
          1588.567308
        ]
      },
      {
        "date": "2024-05-31",
        "close": 1661.0,
        "volume": 0,
        "typical_volume": 848.15,
        "trend": 1550.446663,
        "fair_value": 1357.452566,
        "relative_strength": 3.794497,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.190958,
        "energy": 79.436603,
        "activity_lines": [
          1667.846663,
          1651.456359,
          1627.791424,
          1596.328598
        ]
      },
      {
        "date": "2024-06-07",
        "close": 1680.599976,
        "volume": 2723,
        "typical_volume": 984.3,
        "trend": 1560.716663,
        "fair_value": 1359.727566,
        "relative_strength": 5.212267,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.665065,
        "energy": 77.317363,
        "activity_lines": [
          1673.933325,
          1658.579991,
          1635.663803,
          1604.725586
        ]
      },
      {
        "date": "2024-06-14",
        "close": 1612.599976,
        "volume": 50,
        "typical_volume": 902.3,
        "trend": 1567.12666,
        "fair_value": 1361.66795,
        "relative_strength": 2.076364,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.638009,
        "energy": 52.446391,
        "activity_lines": [
          1653.326652,
          1652.683625,
          1636.019039,
          1608.072897
        ]
      },
      {
        "date": "2024-06-21",
        "close": 1632.300049,
        "volume": 2000,
        "typical_volume": 984.8,
        "trend": 1573.819995,
        "fair_value": 1363.621156,
        "relative_strength": 2.06758,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 44.687304,
        "energy": 33.82629,
        "activity_lines": [
          1643.440007,
          1650.550908,
          1637.785235,
          1612.277631
        ]
      },
      {
        "date": "2024-06-28",
        "close": 1623.800049,
        "volume": 61,
        "typical_volume": 987.85,
        "trend": 1579.676664,
        "fair_value": 1365.580131,
        "relative_strength": 2.364756,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.222044,
        "energy": 25.228324,
        "activity_lines": [
          1633.880021,
          1646.447281,
          1638.176669,
          1615.502151
        ]
      },
      {
        "date": "2024-07-05",
        "close": 1655.400024,
        "volume": 6186,
        "typical_volume": 1280.6,
        "trend": 1585.519999,
        "fair_value": 1367.758977,
        "relative_strength": 3.742293,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.109371,
        "energy": 29.098907,
        "activity_lines": [
          1638.326693,
          1647.565467,
          1641.121909,
          1620.387529
        ]
      },
      {
        "date": "2024-07-12",
        "close": 1680.5,
        "volume": 5,
        "typical_volume": 1280.85,
        "trend": 1591.863334,
        "fair_value": 1370.164105,
        "relative_strength": 4.582661,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 60.864357,
        "energy": 35.227734,
        "activity_lines": [
          1651.513354,
          1652.81274,
          1645.924766,
          1626.515271
        ]
      },
      {
        "date": "2024-07-19",
        "close": 1619.099976,
        "volume": 12657,
        "typical_volume": 1913.5,
        "trend": 1596.430001,
        "fair_value": 1372.000002,
        "relative_strength": 1.859608,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 28.337565,
        "energy": 18.660146,
        "activity_lines": [
          1644.240007,
          1645.800007,
          1644.365716,
          1628.272474
        ]
      },
      {
        "date": "2024-07-26",
        "close": 1627.199951,
        "volume": 1970,
        "typical_volume": 2012.0,
        "trend": 1601.073332,
        "fair_value": 1373.906412,
        "relative_strength": 0.703311,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 19.779314,
        "energy": 14.789518,
        "activity_lines": [
          1639.233317,
          1641.274543,
          1643.377616,
          1630.257632
        ]
      },
      {
        "date": "2024-08-02",
        "close": 1558.099976,
        "volume": 2262,
        "typical_volume": 2124.4,
        "trend": 1604.009998,
        "fair_value": 1375.182694,
        "relative_strength": -2.286299,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -19.324692,
        "energy": 22.343258,
        "activity_lines": [
          1611.533309,
          1625.139993,
          1635.664757,
          1627.485157
        ]
      },
      {
        "date": "2024-08-09",
        "close": 1567.699951,
        "volume": 965,
        "typical_volume": 2172.65,
        "trend": 1607.203328,
        "fair_value": 1376.406411,
        "relative_strength": -1.640659,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -36.362122,
        "energy": 48.75512,
        "activity_lines": [
          1591.413298,
          1612.892711,
          1629.105705,
          1625.142574
        ]
      },
      {
        "date": "2024-08-16",
        "close": 1619.099976,
        "volume": 7341,
        "typical_volume": 2539.7,
        "trend": 1612.439994,
        "fair_value": 1378.13654,
        "relative_strength": -0.20209,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -21.183924,
        "energy": 43.970107,
        "activity_lines": [
          1594.273299,
          1611.687254,
          1627.727132,
          1625.910099
        ]
      },
      {
        "date": "2024-08-23",
        "close": 1642.400024,
        "volume": 1016,
        "typical_volume": 2590.5,
        "trend": 1616.689994,
        "fair_value": 1379.942309,
        "relative_strength": 0.966664,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -8.522481,
        "energy": 24.354444,
        "activity_lines": [
          1608.993319,
          1615.83635,
          1628.688564,
          1627.843004
        ]
      },
      {
        "date": "2024-08-30",
        "close": 1662.099976,
        "volume": 804,
        "typical_volume": 2582.05,
        "trend": 1621.639994,
        "fair_value": 1381.848078,
        "relative_strength": 1.493147,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 41.08677,
        "energy": 18.883922,
        "activity_lines": [
          1628.726652,
          1623.025437,
          1631.431895,
          1630.772681
        ]
      },
      {
        "date": "2024-09-06",
        "close": 1598.800049,
        "volume": 19271,
        "typical_volume": 3545.6,
        "trend": 1623.996663,
        "fair_value": 1383.428848,
        "relative_strength": -0.127313,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -11.476885,
        "energy": 13.681729,
        "activity_lines": [
          1625.033342,
          1618.16363,
          1627.893329,
          1629.299136
        ]
      },
      {
        "date": "2024-09-13",
        "close": 1634.300049,
        "volume": 316,
        "typical_volume": 3415.05,
        "trend": 1627.023332,
        "fair_value": 1385.319874,
        "relative_strength": 0.818665,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 6.335954,
        "energy": 13.353012,
        "activity_lines": [
          1630.460026,
          1620.210913,
          1627.71762,
          1629.96387
        ]
      },
      {
        "date": "2024-09-20",
        "close": 1639.699951,
        "volume": 225,
        "typical_volume": 3216.55,
        "trend": 1629.26333,
        "fair_value": 1387.185899,
        "relative_strength": 1.496247,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 10.53674,
        "energy": 12.216432,
        "activity_lines": [
          1633.246672,
          1623.623633,
          1628.042854,
          1630.781717
        ]
      },
      {
        "date": "2024-09-27",
        "close": 1698.800049,
        "volume": 11092,
        "typical_volume": 3679.15,
        "trend": 1633.323332,
        "fair_value": 1389.683976,
        "relative_strength": 3.769045,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 61.71141,
        "energy": 44.536497,
        "activity_lines": [
          1654.360018,
          1638.523644,
          1633.903811,
          1635.267957
        ]
      },
      {
        "date": "2024-10-04",
        "close": 1661.199951,
        "volume": 8612,
        "typical_volume": 3882.45,
        "trend": 1635.46333,
        "fair_value": 1391.850001,
        "relative_strength": 1.772165,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 45.406461,
        "energy": 43.198766,
        "activity_lines": [
          1659.179997,
          1645.138181,
          1636.069997,
          1637.066448
        ]
      },
      {
        "date": "2024-10-11",
        "close": 1675.199951,
        "volume": 2110,
        "typical_volume": 3983.3,
        "trend": 1637.689994,
        "fair_value": 1393.912822,
        "relative_strength": 2.716917,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 60.593228,
        "energy": 57.424547,
        "activity_lines": [
          1668.726644,
          1653.679992,
          1639.657611,
          1639.630101
        ]
      },
      {
        "date": "2024-10-18",
        "close": 1680.5,
        "volume": 2834,
        "typical_volume": 4125.0,
        "trend": 1639.453328,
        "fair_value": 1395.97436,
        "relative_strength": 1.523257,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.047365,
        "energy": 64.145266,
        "activity_lines": [
          1674.946647,
          1661.056357,
          1643.753326,
          1642.392037
        ]
      },
      {
        "date": "2024-10-25",
        "close": 1661.300049,
        "volume": 71,
        "typical_volume": 3992.4,
        "trend": 1640.01333,
        "fair_value": 1397.830129,
        "relative_strength": 1.486996,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.242555,
        "energy": 48.200486,
        "activity_lines": [
          1671.68667,
          1662.890911,
          1645.927617,
          1643.801503
        ]
      },
      {
        "date": "2024-11-01",
        "close": 1642.199951,
        "volume": 2641,
        "typical_volume": 4121.95,
        "trend": 1640.666663,
        "fair_value": 1399.361539,
        "relative_strength": 1.038783,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 48.93042,
        "energy": 27.794449,
        "activity_lines": [
          1660.619987,
          1660.485447,
          1646.374755,
          1643.942575
        ]
      },
      {
        "date": "2024-11-08",
        "close": 1623.5,
        "volume": 4602,
        "typical_volume": 4252.05,
        "trend": 1641.153328,
        "fair_value": 1400.740385,
        "relative_strength": 1.041809,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 17.808605,
        "energy": 12.000724,
        "activity_lines": [
          1647.093327,
          1654.683629,
          1644.899994,
          1642.835049
        ]
      },
      {
        "date": "2024-11-15",
        "close": 1621.300049,
        "volume": 4736,
        "typical_volume": 4485.8,
        "trend": 1642.029997,
        "fair_value": 1402.11859,
        "relative_strength": 0.899983,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -16.728595,
        "energy": 20.791729,
        "activity_lines": [
          1635.34668,
          1649.183638,
          1643.257618,
          1641.554192
        ]
      },
      {
        "date": "2024-11-22",
        "close": 1622.599976,
        "volume": 5368,
        "typical_volume": 4444.9,
        "trend": 1641.733329,
        "fair_value": 1403.980769,
        "relative_strength": -1.494869,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -17.207229,
        "energy": 24.220056,
        "activity_lines": [
          1627.626668,
          1643.510907,
          1641.750949,
          1640.300642
        ]
      },
      {
        "date": "2024-11-29",
        "close": 1628.400024,
        "volume": 4976,
        "typical_volume": 4693.45,
        "trend": 1642.006665,
        "fair_value": 1405.939103,
        "relative_strength": -1.482967,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -42.756826,
        "energy": 32.356357,
        "activity_lines": [
          1625.700008,
          1639.105458,
          1640.952857,
          1639.440429
        ]
      },
      {
        "date": "2024-12-06",
        "close": 1678.099976,
        "volume": 1652,
        "typical_volume": 4143.2,
        "trend": 1642.11333,
        "fair_value": 1407.960256,
        "relative_strength": 1.204558,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 4.875059,
        "energy": 6.172834,
        "activity_lines": [
          1642.533333,
          1643.941817,
          1645.136189,
          1641.76903
        ]
      },
      {
        "date": "2024-12-13",
        "close": 1671.199951,
        "volume": 1851,
        "typical_volume": 4137.25,
        "trend": 1641.829997,
        "fair_value": 1410.023717,
        "relative_strength": 0.843997,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 43.403955,
        "energy": 24.173784,
        "activity_lines": [
          1654.673315,
          1647.899991,
          1648.381423,
          1643.645586
        ]
      },
      {
        "date": "2024-12-20",
        "close": 1637.0,
        "volume": 2576,
        "typical_volume": 4152.95,
        "trend": 1640.533329,
        "fair_value": 1411.68205,
        "relative_strength": 1.318774,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 26.593377,
        "energy": 19.992367,
        "activity_lines": [
          1652.233317,
          1645.458174,
          1648.159995,
          1643.333973
        ]
      },
      {
        "date": "2024-12-27",
        "close": 1650.0,
        "volume": 7797,
        "typical_volume": 4494.55,
        "trend": 1640.166663,
        "fair_value": 1413.359614,
        "relative_strength": 1.208455,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 34.532335,
        "energy": 26.394252,
        "activity_lines": [
          1653.079989,
          1646.074538,
          1648.800948,
          1643.944726
        ]
      },
      {
        "date": "2025-01-03",
        "close": 1646.099976,
        "volume": 1683,
        "typical_volume": 4211.65,
        "trend": 1639.016663,
        "fair_value": 1414.990383,
        "relative_strength": -0.028158,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 32.191936,
        "energy": 24.631635,
        "activity_lines": [
          1650.799984,
          1646.536353,
          1648.678565,
          1644.32752
        ]
      },
      {
        "date": "2025-01-10",
        "close": 1675.599976,
        "volume": 2354,
        "typical_volume": 4278.55,
        "trend": 1641.116663,
        "fair_value": 1416.864101,
        "relative_strength": 1.362844,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 58.606519,
        "energy": 28.3607,
        "activity_lines": [
          1657.173316,
          1652.638168,
          1651.237134,
          1646.687734
        ]
      },
      {
        "date": "2025-01-17",
        "close": 1731.400024,
        "volume": 12594,
        "typical_volume": 4868.05,
        "trend": 1644.419995,
        "fair_value": 1419.246793,
        "relative_strength": 1.502792,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.41914,
        "energy": 70.641662,
        "activity_lines": [
          1682.31333,
          1668.278174,
          1658.951899,
          1652.512467
        ]
      },
      {
        "date": "2025-01-24",
        "close": 1755.900024,
        "volume": 10975,
        "typical_volume": 4453.25,
        "trend": 1648.823328,
        "fair_value": 1421.960255,
        "relative_strength": 2.893023,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 86.125979,
        "energy": 86.361085,
        "activity_lines": [
          1711.606673,
          1686.410906,
          1668.669996,
          1659.704727
        ]
      },
      {
        "date": "2025-01-31",
        "close": 1778.099976,
        "volume": 318,
        "typical_volume": 4453.35,
        "trend": 1652.913326,
        "fair_value": 1424.852563,
        "relative_strength": 2.071596,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 89.617741,
        "energy": 95.565935,
        "activity_lines": [
          1740.373332,
          1706.132722,
          1679.75428,
          1668.045156
        ]
      },
      {
        "date": "2025-02-07",
        "close": 1783.300049,
        "volume": 4931,
        "typical_volume": 4688.65,
        "trend": 1656.339994,
        "fair_value": 1427.662178,
        "relative_strength": 2.027317,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.88718,
        "energy": 93.55512,
        "activity_lines": [
          1762.33335,
          1723.972732,
          1690.649047,
          1676.457203
        ]
      },
      {
        "date": "2025-02-14",
        "close": 1839.599976,
        "volume": 22095,
        "typical_volume": 5238.8,
        "trend": 1663.689994,
        "fair_value": 1430.989101,
        "relative_strength": 4.757302,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 93.939041,
        "energy": 97.555909,
        "activity_lines": [
          1793.913338,
          1749.232728,
          1706.221902,
          1688.280427
        ]
      },
      {
        "date": "2025-02-21",
        "close": 1834.099976,
        "volume": 1501,
        "typical_volume": 4883.25,
        "trend": 1670.586662,
        "fair_value": 1434.519229,
        "relative_strength": 5.247771,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.375125,
        "energy": 94.225321,
        "activity_lines": [
          1812.72666,
          1770.556361,
          1720.600472,
          1699.27462
        ]
      },
      {
        "date": "2025-02-28",
        "close": 1835.099976,
        "volume": 1250,
        "typical_volume": 4840.25,
        "trend": 1679.819995,
        "fair_value": 1438.855768,
        "relative_strength": 3.478584,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.041345,
        "energy": 91.202079,
        "activity_lines": [
          1825.026652,
          1789.099994,
          1734.250946,
          1709.888382
        ]
      },
      {
        "date": "2025-03-07",
        "close": 1849.199951,
        "volume": 24568,
        "typical_volume": 5926.95,
        "trend": 1689.203329,
        "fair_value": 1443.055767,
        "relative_strength": 5.786993,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.807573,
        "energy": 91.265528,
        "activity_lines": [
          1836.746639,
          1806.60544,
          1748.482847,
          1720.816121
        ]
      },
      {
        "date": "2025-03-14",
        "close": 1833.199951,
        "volume": 7285,
        "typical_volume": 6287.65,
        "trend": 1696.339994,
        "fair_value": 1446.723716,
        "relative_strength": 5.407467,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.967211,
        "energy": 67.462958,
        "activity_lines": [
          1838.393294,
          1817.579978,
          1760.387605,
          1730.106226
        ]
      },
      {
        "date": "2025-03-21",
        "close": 1842.699951,
        "volume": 1472,
        "typical_volume": 6229.2,
        "trend": 1703.016659,
        "fair_value": 1450.509613,
        "relative_strength": 5.69648,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.386788,
        "energy": 66.951534,
        "activity_lines": [
          1839.879956,
          1826.879972,
          1772.378553,
          1739.548804
        ]
      },
      {
        "date": "2025-03-28",
        "close": 1812.099976,
        "volume": 0,
        "typical_volume": 5999.1,
        "trend": 1708.016659,
        "fair_value": 1453.967306,
        "relative_strength": 3.771395,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.30914,
        "energy": 61.638455,
        "activity_lines": [
          1830.959961,
          1827.578152,
          1780.500457,
          1746.586437
        ]
      },
      {
        "date": "2025-04-04",
        "close": 1671.400024,
        "volume": 5384,
        "typical_volume": 6031.5,
        "trend": 1710.436658,
        "fair_value": 1456.635255,
        "relative_strength": 2.866474,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "up",
        "direction": 12.339217,
        "energy": 17.680446,
        "activity_lines": [
          1776.606649,
          1801.227251,
          1774.32427,
          1744.224073
        ]
      },
      {
        "date": "2025-04-11",
        "close": 1640.699951,
        "volume": 32748,
        "typical_volume": 7400.5,
        "trend": 1710.649988,
        "fair_value": 1459.104485,
        "relative_strength": 2.081695,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "up",
        "direction": -8.038233,
        "energy": 27.400533,
        "activity_lines": [
          1722.933309,
          1770.830882,
          1764.985695,
          1739.724931
        ]
      },
      {
        "date": "2025-04-18",
        "close": 1705.199951,
        "volume": 10667,
        "typical_volume": 7685.05,
        "trend": 1712.833321,
        "fair_value": 1462.001921,
        "relative_strength": 2.061994,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -17.665287,
        "energy": 36.095275,
        "activity_lines": [
          1704.659969,
          1754.659968,
          1761.703787,
          1739.373316
        ]
      },
      {
        "date": "2025-04-25",
        "close": 1777.800049,
        "volume": 5219,
        "typical_volume": 7863.4,
        "trend": 1715.466655,
        "fair_value": 1465.429486,
        "relative_strength": 4.534415,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 8.509005,
        "energy": 29.485598,
        "activity_lines": [
          1719.119995,
          1753.109073,
          1764.97046,
          1743.564718
        ]
      },
      {
        "date": "2025-05-02",
        "close": 1831.099976,
        "volume": 8104,
        "typical_volume": 8176.05,
        "trend": 1721.129989,
        "fair_value": 1469.455768,
        "relative_strength": 5.242489,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.571123,
        "energy": 21.671074,
        "activity_lines": [
          1755.673324,
          1762.37271,
          1772.838555,
          1751.024932
        ]
      },
      {
        "date": "2025-05-09",
        "close": 1853.5,
        "volume": 8575,
        "typical_volume": 8476.0,
        "trend": 1727.073324,
        "fair_value": 1473.534614,
        "relative_strength": 6.864508,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 58.839422,
        "energy": 39.958698,
        "activity_lines": [
          1798.42666,
          1775.763623,
          1782.078556,
          1759.564933
        ]
      },
      {
        "date": "2025-05-16",
        "close": 1897.400024,
        "volume": 29018,
        "typical_volume": 9537.05,
        "trend": 1734.303324,
        "fair_value": 1477.933973,
        "relative_strength": 7.566743,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.799599,
        "energy": 68.930749,
        "activity_lines": [
          1843.67334,
          1796.801813,
          1794.468559,
          1770.553752
        ]
      },
      {
        "date": "2025-05-23",
        "close": 1878.800049,
        "volume": 875,
        "typical_volume": 9496.65,
        "trend": 1741.553324,
        "fair_value": 1481.89423,
        "relative_strength": 5.963553,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.537388,
        "energy": 77.081664,
        "activity_lines": [
          1865.606689,
          1813.581825,
          1803.909041,
          1779.876121
        ]
      },
      {
        "date": "2025-05-30",
        "close": 1904.199951,
        "volume": 798,
        "typical_volume": 9418.85,
        "trend": 1750.286658,
        "fair_value": 1486.115384,
        "relative_strength": 6.565333,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.146499,
        "energy": 81.650634,
        "activity_lines": [
          1884.433333,
          1834.150908,
          1814.660466,
          1790.369452
        ]
      },
      {
        "date": "2025-06-06",
        "close": 1918.300049,
        "volume": 6693,
        "typical_volume": 9123.8,
        "trend": 1760.113326,
        "fair_value": 1490.741026,
        "relative_strength": 6.425848,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.537572,
        "energy": 82.257772,
        "activity_lines": [
          1899.53335,
          1856.165463,
          1825.666186,
          1801.209026
        ]
      },
      {
        "date": "2025-06-13",
        "close": 1877.599976,
        "volume": 648,
        "typical_volume": 8607.45,
        "trend": 1768.656657,
        "fair_value": 1495.441666,
        "relative_strength": 3.87925,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.180628,
        "energy": 63.29206,
        "activity_lines": [
          1895.253337,
          1868.849095,
          1831.905708,
          1808.788809
        ]
      },
      {
        "date": "2025-06-20",
        "close": 1858.0,
        "volume": 5128,
        "typical_volume": 8847.95,
        "trend": 1776.503324,
        "fair_value": 1499.879487,
        "relative_strength": 3.551459,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.361949,
        "energy": 46.933699,
        "activity_lines": [
          1882.833333,
          1874.220004,
          1835.699043,
          1814.552896
        ]
      },
      {
        "date": "2025-06-27",
        "close": 1894.400024,
        "volume": 1100,
        "typical_volume": 8656.4,
        "trend": 1785.369991,
        "fair_value": 1504.702564,
        "relative_strength": 5.127561,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.569988,
        "energy": 44.053257,
        "activity_lines": [
          1885.17334,
          1882.25819,
          1842.57857,
          1822.159135
        ]
      },
      {
        "date": "2025-07-04",
        "close": 1887.800049,
        "volume": 5105,
        "typical_volume": 7806.9,
        "trend": 1792.359994,
        "fair_value": 1509.340385,
        "relative_strength": 4.356939,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 49.530573,
        "energy": 36.701827,
        "activity_lines": [
          1884.273356,
          1885.656379,
          1848.30048,
          1828.767526
        ]
      },
      {
        "date": "2025-07-11",
        "close": 1915.099976,
        "volume": 7533,
        "typical_volume": 8108.5,
        "trend": 1800.489994,
        "fair_value": 1514.223717,
        "relative_strength": 4.363126,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.076107,
        "energy": 48.625667,
        "activity_lines": [
          1893.566675,
          1892.018191,
          1856.39286,
          1836.686234
        ]
      },
      {
        "date": "2025-07-18",
        "close": 1913.5,
        "volume": 1128,
        "typical_volume": 8102.4,
        "trend": 1809.706661,
        "fair_value": 1518.854487,
        "relative_strength": 3.546027,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.779062,
        "energy": 67.351112,
        "activity_lines": [
          1902.540007,
          1896.561825,
          1863.947146,
          1843.977202
        ]
      },
      {
        "date": "2025-07-25",
        "close": 1922.699951,
        "volume": 1164,
        "typical_volume": 6932.2,
        "trend": 1818.796659,
        "fair_value": 1523.330768,
        "relative_strength": 2.443049,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.586243,
        "energy": 76.507866,
        "activity_lines": [
          1912.186654,
          1901.687269,
          1872.004285,
          1851.267092
        ]
      },
      {
        "date": "2025-08-01",
        "close": 1865.900024,
        "volume": 1347,
        "typical_volume": 6635.3,
        "trend": 1826.123328,
        "fair_value": 1527.422435,
        "relative_strength": -0.157909,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.883493,
        "energy": 48.848036,
        "activity_lines": [
          1898.586662,
          1896.025455,
          1874.301907,
          1854.306019
        ]
      },
      {
        "date": "2025-08-08",
        "close": 1928.300049,
        "volume": 2922,
        "typical_volume": 6707.8,
        "trend": 1834.546663,
        "fair_value": 1531.78141,
        "relative_strength": 2.681289,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.966449,
        "energy": 48.539893,
        "activity_lines": [
          1907.686678,
          1901.943646,
          1882.386673,
          1860.898065
        ]
      },
      {
        "date": "2025-08-15",
        "close": 1960.599976,
        "volume": 5506,
        "typical_volume": 6983.1,
        "trend": 1842.186662,
        "fair_value": 1536.470512,
        "relative_strength": 3.717147,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.114709,
        "energy": 56.71805,
        "activity_lines": [
          1924.853337,
          1913.296367,
          1893.140004,
          1869.030537
        ]
      },
      {
        "date": "2025-08-22",
        "close": 1975.300049,
        "volume": 272,
        "typical_volume": 6727.5,
        "trend": 1849.499996,
        "fair_value": 1541.516667,
        "relative_strength": 2.309188,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.262375,
        "energy": 65.277004,
        "activity_lines": [
          1943.886686,
          1926.552739,
          1904.586199,
          1877.618498
        ]
      },
      {
        "date": "2025-08-29",
        "close": 1925.300049,
        "volume": 10231,
        "typical_volume": 5601.65,
        "trend": 1854.406665,
        "fair_value": 1546.34359,
        "relative_strength": 1.070481,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.385624,
        "energy": 70.336275,
        "activity_lines": [
          1942.133366,
          1928.941837,
          1909.823346,
          1882.508824
        ]
      },
      {
        "date": "2025-09-05",
        "close": 1912.699951,
        "volume": 6017,
        "typical_volume": 5369.15,
        "trend": 1858.719995,
        "fair_value": 1551.026282,
        "relative_strength": 0.066959,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.832705,
        "energy": 56.264671,
        "activity_lines": [
          1936.006673,
          1927.816371,
          1912.505246,
          1886.269681
        ]
      },
      {
        "date": "2025-09-12",
        "close": 1943.599976,
        "volume": 749,
        "typical_volume": 5145.65,
        "trend": 1862.186662,
        "fair_value": 1556.094231,
        "relative_strength": 0.750626,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.431324,
        "energy": 47.25831,
        "activity_lines": [
          1937.059994,
          1931.976365,
          1917.141909,
          1891.745808
        ]
      },
      {
        "date": "2025-09-19",
        "close": 1959.199951,
        "volume": 5807,
        "typical_volume": 5030.8,
        "trend": 1866.356661,
        "fair_value": 1561.608974,
        "relative_strength": 2.167058,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.132247,
        "energy": 44.542819,
        "activity_lines": [
          1942.293311,
          1937.958174,
          1922.474761,
          1898.00473
        ]
      },
      {
        "date": "2025-09-26",
        "close": 1970.0,
        "volume": 8019,
        "typical_volume": 5003.0,
        "trend": 1870.853328,
        "fair_value": 1567.252564,
        "relative_strength": 1.901316,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.859512,
        "energy": 50.333062,
        "activity_lines": [
          1951.219979,
          1945.101811,
          1928.226189,
          1904.691397
        ]
      },
      {
        "date": "2025-10-03",
        "close": 2024.5,
        "volume": 1195,
        "typical_volume": 3611.85,
        "trend": 1876.696663,
        "fair_value": 1573.148076,
        "relative_strength": 2.322136,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.422266,
        "energy": 79.451058,
        "activity_lines": [
          1978.66665,
          1961.127266,
          1938.613332,
          1914.604086
        ]
      },
      {
        "date": "2025-10-10",
        "close": 1989.699951,
        "volume": 4598,
        "typical_volume": 3798.0,
        "trend": 1881.91333,
        "fair_value": 1578.808973,
        "relative_strength": 1.168331,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.150288,
        "energy": 79.076129,
        "activity_lines": [
          1987.899976,
          1968.974529,
          1945.080946,
          1921.894621
        ]
      },
      {
        "date": "2025-10-17",
        "close": 2009.75,
        "volume": 13095,
        "typical_volume": 4412.85,
        "trend": 1887.481665,
        "fair_value": 1584.443268,
        "relative_strength": 2.853463,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.371768,
        "energy": 80.947399,
        "activity_lines": [
          1998.683317,
          1978.216349,
          1952.929994,
          1930.142148
        ]
      },
      {
        "date": "2025-10-24",
        "close": 2035.800049,
        "volume": 3472,
        "typical_volume": 4251.8,
        "trend": 1894.938334,
        "fair_value": 1589.977243,
        "relative_strength": 0.953613,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.246488,
        "energy": 85.633188,
        "activity_lines": [
          2013.740007,
          1990.713632,
          1962.757379,
          1939.711076
        ]
      },
      {
        "date": "2025-10-31",
        "close": 2032.25,
        "volume": 1328,
        "typical_volume": 4285.8,
        "trend": 1906.966667,
        "fair_value": 1595.352563,
        "relative_strength": -0.042442,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.979894,
        "energy": 83.160006,
        "activity_lines": [
          2022.506673,
          2001.198178,
          1971.687141,
          1948.569893
        ]
      },
      {
        "date": "2025-11-07",
        "close": 2001.150024,
        "volume": 119631,
        "typical_volume": 10010.95,
        "trend": 1918.981669,
        "fair_value": 1600.149679,
        "relative_strength": -1.269804,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.060915,
        "energy": 63.900908,
        "activity_lines": [
          2016.756681,
          2004.992729,
          1976.918572,
          1954.646238
        ]
      },
      {
        "date": "2025-11-14",
        "close": 2045.5,
        "volume": 44184,
        "typical_volume": 12165.15,
        "trend": 1930.325004,
        "fair_value": 1605.172114,
        "relative_strength": 0.6628,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.768139,
        "energy": 65.576156,
        "activity_lines": [
          2027.34668,
          2015.471822,
          1985.692143,
          1962.808711
        ]
      },
      {
        "date": "2025-11-21",
        "close": 1986.699951,
        "volume": 5686,
        "typical_volume": 12194.2,
        "trend": 1937.288334,
        "fair_value": 1609.722114,
        "relative_strength": -0.712522,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.87227,
        "energy": 46.127344,
        "activity_lines": [
          2014.616658,
          2012.84545,
          1988.146186,
          1966.445805
        ]
      },
      {
        "date": "2025-11-28",
        "close": 2042.0,
        "volume": 5536,
        "typical_volume": 12094.35,
        "trend": 1944.318335,
        "fair_value": 1614.584294,
        "relative_strength": 0.028497,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.053209,
        "energy": 48.201826,
        "activity_lines": [
          2021.856657,
          2019.489997,
          1995.395948,
          1973.201396
        ]
      },
      {
        "date": "2025-12-05",
        "close": 2060.25,
        "volume": 1705,
        "typical_volume": 12123.2,
        "trend": 1951.210002,
        "fair_value": 1619.641665,
        "relative_strength": 1.377506,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.661322,
        "energy": 54.575987,
        "activity_lines": [
          2034.766658,
          2027.94727,
          2003.77952,
          1980.680858
        ]
      },
      {
        "date": "2025-12-12",
        "close": 2062.25,
        "volume": 5168,
        "typical_volume": 12323.4,
        "trend": 1956.705001,
        "fair_value": 1624.967626,
        "relative_strength": 1.550173,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.710041,
        "energy": 53.600349,
        "activity_lines": [
          2046.47666,
          2035.12727,
          2011.654758,
          1987.844729
        ]
      },
      {
        "date": "2025-12-19",
        "close": 2082.5,
        "volume": 13668,
        "typical_volume": 12939.45,
        "trend": 1963.494999,
        "fair_value": 1630.383011,
        "relative_strength": -0.098696,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.199464,
        "energy": 77.343755,
        "activity_lines": [
          2060.86333,
          2045.302725,
          2020.794044,
          1995.960536
        ]
      },
      {
        "date": "2025-12-26",
        "close": 2080.75,
        "volume": 1098,
        "typical_volume": 12848.25,
        "trend": 1969.380001,
        "fair_value": 1635.783973,
        "relative_strength": 0.011185,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.373673,
        "energy": 79.756971,
        "activity_lines": [
          2072.2,
          2053.472725,
          2028.735235,
          2003.525374
        ]
      },
      {
        "date": "2026-01-02",
        "close": 2113.25,
        "volume": 18715,
        "typical_volume": 13508.7,
        "trend": 1975.878333,
        "fair_value": 1640.983653,
        "relative_strength": 0.640568,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.659588,
        "energy": 88.758706,
        "activity_lines": [
          2088.1,
          2066.260906,
          2039.045711,
          2012.80731
        ]
      },
      {
        "date": "2026-01-09",
        "close": 2164.0,
        "volume": 55459,
        "typical_volume": 16268.05,
        "trend": 1985.425,
        "fair_value": 1646.260576,
        "relative_strength": 1.193695,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 92.665345,
        "energy": 95.274737,
        "activity_lines": [
          2116.166667,
          2086.86818,
          2053.462616,
          2024.944192
        ]
      },
      {
        "date": "2026-01-16",
        "close": 2173.75,
        "volume": 75970,
        "typical_volume": 19555.0,
        "trend": 1995.95,
        "fair_value": 1651.652563,
        "relative_strength": 0.469659,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.95773,
        "energy": 95.090712,
        "activity_lines": [
          2140.566667,
          2106.852725,
          2067.909521,
          2037.094192
        ]
      },
      {
        "date": "2026-01-23",
        "close": 2148.75,
        "volume": 22108,
        "typical_volume": 20359.55,
        "trend": 2004.428333,
        "fair_value": 1656.754806,
        "relative_strength": 0.16549,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.005074,
        "energy": 87.014595,
        "activity_lines": [
          2149.2,
          2119.153635,
          2078.792379,
          2046.952256
        ]
      },
      {
        "date": "2026-01-30",
        "close": 2156.25,
        "volume": 4854,
        "typical_volume": 20564.8,
        "trend": 2013.376664,
        "fair_value": 1661.720511,
        "relative_strength": -0.326062,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.135424,
        "energy": 84.230016,
        "activity_lines": [
          2155.916667,
          2130.940909,
          2089.265475,
          2056.747202
        ]
      },
      {
        "date": "2026-02-06",
        "close": 2178.0,
        "volume": 18184,
        "typical_volume": 21183.65,
        "trend": 2022.139998,
        "fair_value": 1666.959614,
        "relative_strength": -0.78676,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.821342,
        "energy": 72.708757,
        "activity_lines": [
          2164.85,
          2143.6,
          2100.79738,
          2067.368063
        ]
      },
      {
        "date": "2026-02-13",
        "close": 2178.5,
        "volume": 4120,
        "typical_volume": 20988.7,
        "trend": 2030.973332,
        "fair_value": 1672.02564,
        "relative_strength": -1.472675,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.45273,
        "energy": 67.998262,
        "activity_lines": [
          2169.633333,
          2153.877273,
          2111.334999,
          2077.455805
        ]
      },
      {
        "date": "2026-02-20",
        "close": 2232.5,
        "volume": 12917,
        "typical_volume": 21574.8,
        "trend": 2041.3,
        "fair_value": 1677.603204,
        "relative_strength": -1.2766,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.36262,
        "energy": 83.300569,
        "activity_lines": [
          2191.45,
          2171.822727,
          2126.022618,
          2090.457525
        ]
      },
      {
        "date": "2026-02-27",
        "close": 2241.5,
        "volume": 1799,
        "typical_volume": 21434.85,
        "trend": 2053.819999,
        "fair_value": 1683.043589,
        "relative_strength": -2.885629,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.262349,
        "energy": 93.283472,
        "activity_lines": [
          2212.35,
          2188.309091,
          2140.576904,
          2103.373654
        ]
      },
      {
        "date": "2026-03-06",
        "close": 2094.5,
        "volume": 3808,
        "typical_volume": 20970.5,
        "trend": 2059.359998,
        "fair_value": 1687.737178,
        "relative_strength": -3.65062,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.403221,
        "energy": 53.931426,
        "activity_lines": [
          2178.066667,
          2175.177273,
          2139.932142,
          2105.998171
        ]
      },
      {
        "date": "2026-03-13",
        "close": 2098.75,
        "volume": 42127,
        "typical_volume": 22903.25,
        "trend": 2063.964998,
        "fair_value": 1692.790063,
        "relative_strength": -3.164064,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 38.271181,
        "energy": 31.519138,
        "activity_lines": [
          2149.316667,
          2162.568182,
          2139.288571,
          2108.539461
        ]
      },
      {
        "date": "2026-03-20",
        "close": 2026.0,
        "volume": 4337,
        "typical_volume": 23053.7,
        "trend": 2065.654997,
        "fair_value": 1697.281729,
        "relative_strength": -3.211032,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -4.492598,
        "energy": 21.520692,
        "activity_lines": [
          2101.6,
          2136.995455,
          2131.416666,
          2106.090106
        ]
      },
      {
        "date": "2026-03-27",
        "close": 2028.75,
        "volume": 3281,
        "typical_volume": 17236.2,
        "trend": 2069.103328,
        "fair_value": 1701.406408,
        "relative_strength": -3.506649,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -33.279793,
        "energy": 41.436992,
        "activity_lines": [
          2064.966667,
          2114.431818,
          2123.836428,
          2103.709139
        ]
      },
      {
        "date": "2026-04-03",
        "close": 2100.75,
        "volume": 5337,
        "typical_volume": 15293.85,
        "trend": 2075.371663,
        "fair_value": 1705.989421,
        "relative_strength": -4.517371,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -20.103677,
        "energy": 33.588266,
        "activity_lines": [
          2065.916667,
          2107.595455,
          2122.981905,
          2105.750859
        ]
      },
      {
        "date": "2026-04-10",
        "close": 2195.75,
        "volume": 67125,
        "typical_volume": 18365.8,
        "trend": 2083.776664,
        "fair_value": 1711.046151,
        "relative_strength": -1.755457,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.643512,
        "energy": 21.759962,
        "activity_lines": [
          2107.916667,
          2118.904545,
          2130.911905,
          2113.517204
        ]
      },
      {
        "date": "2026-04-17",
        "close": 2240.25,
        "volume": 5733,
        "typical_volume": 18375.65,
        "trend": 2093.144999,
        "fair_value": 1716.350959,
        "relative_strength": -0.430805,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 55.954264,
        "energy": 32.796169,
        "activity_lines": [
          2158.0,
          2137.586364,
          2142.084524,
          2123.612258
        ]
      },
      {
        "date": "2026-04-24",
        "close": 2183.75,
        "volume": 4124,
        "typical_volume": 18496.6,
        "trend": 2100.269999,
        "fair_value": 1721.328203,
        "relative_strength": -0.236315,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 43.849622,
        "energy": 38.932019,
        "activity_lines": [
          2179.816667,
          2144.863636,
          2146.932143,
          2129.457742
        ]
      },
      {
        "date": "2026-05-01",
        "close": 2200.75,
        "volume": 2929,
        "typical_volume": 18384.65,
        "trend": 2106.144999,
        "fair_value": 1726.411215,
        "relative_strength": 0.693831,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.859186,
        "energy": 47.043603,
        "activity_lines": [
          2196.783333,
          2155.136364,
          2152.810714,
          2135.940322
        ]
      },
      {
        "date": "2026-05-08",
        "close": 2213.25,
        "volume": 8225,
        "typical_volume": 18112.5,
        "trend": 2113.596667,
        "fair_value": 1731.588459,
        "relative_strength": 2.563693,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.273685,
        "energy": 62.987112,
        "activity_lines": [
          2206.45,
          2168.259091,
          2159.220238,
          2142.850322
        ]
      },
      {
        "date": "2026-05-15",
        "close": 2196.25,
        "volume": 6528,
        "typical_volume": 18384.0,
        "trend": 2119.813334,
        "fair_value": 1736.508651,
        "relative_strength": 2.180774,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.276899,
        "energy": 48.432954,
        "activity_lines": [
          2202.95,
          2178.804545,
          2163.388095,
          2148.182795
        ]
      },
      {
        "date": "2026-05-22",
        "close": 2275.25,
        "volume": 19188,
        "typical_volume": 18407.65,
        "trend": 2127.794999,
        "fair_value": 1742.049997,
        "relative_strength": 3.098698,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.988913,
        "energy": 53.716927,
        "activity_lines": [
          2225.75,
          2201.863636,
          2174.529762,
          2158.210967
        ]
      },
      {
        "date": "2026-05-29",
        "close": 2288.0,
        "volume": 730,
        "typical_volume": 15671.2,
        "trend": 2136.319999,
        "fair_value": 1747.65128,
        "relative_strength": 4.21815,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.28283,
        "energy": 59.087851,
        "activity_lines": [
          2250.466667,
          2224.031818,
          2186.114286,
          2168.546774
        ]
      },
      {
        "date": "2026-06-05",
        "close": 2288.5,
        "volume": 739,
        "typical_volume": 11909.65,
        "trend": 2145.898332,
        "fair_value": 1753.316665,
        "relative_strength": 4.62013,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.527959,
        "energy": 69.749958,
        "activity_lines": [
          2268.4,
          2241.527273,
          2197.155952,
          2178.364838
        ]
      },
      {
        "date": "2026-06-12",
        "close": 2333.5,
        "volume": 1554,
        "typical_volume": 10881.95,
        "trend": 2155.498332,
        "fair_value": 1759.058331,
        "relative_strength": 5.519067,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.223601,
        "energy": 82.834252,
        "activity_lines": [
          2295.483333,
          2262.481818,
          2211.936905,
          2190.468172
        ]
      },
      {
        "date": "2026-06-19",
        "close": 2374.75,
        "volume": 3217,
        "typical_volume": 10800.1,
        "trend": 2168.433333,
        "fair_value": 1765.355446,
        "relative_strength": 8.335899,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.347586,
        "energy": 89.272843,
        "activity_lines": [
          2328.3,
          2286.704545,
          2229.766667,
          2204.613441
        ]
      },
      {
        "date": "2026-06-26",
        "close": 2345.25,
        "volume": 1933,
        "typical_volume": 9987.55,
        "trend": 2178.541667,
        "fair_value": 1771.199357,
        "relative_strength": 5.441194,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.122826,
        "energy": 87.294769,
        "activity_lines": [
          2339.383333,
          2302.309091,
          2243.746429,
          2216.020968
        ]
      },
      {
        "date": "2026-07-03",
        "close": 2413.0,
        "volume": 20796,
        "typical_volume": 10821.35,
        "trend": 2190.3,
        "fair_value": 1777.771151,
        "relative_strength": 6.633847,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 86.694739,
        "energy": 93.634021,
        "activity_lines": [
          2368.383333,
          2328.322727,
          2263.382143,
          2231.147312
        ]
      },
      {
        "date": "2026-07-10",
        "close": 2361.0,
        "volume": 6207,
        "typical_volume": 10485.85,
        "trend": 2200.258333,
        "fair_value": 1783.696151,
        "relative_strength": 6.038664,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.49321,
        "energy": 85.677708,
        "activity_lines": [
          2371.716667,
          2340.713636,
          2276.94881,
          2242.160215
        ]
      },
      {
        "date": "2026-07-17",
        "close": 2339.5,
        "volume": 8016,
        "typical_volume": 10796.7,
        "trend": 2208.825,
        "fair_value": 1789.442305,
        "relative_strength": 3.976605,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.063225,
        "energy": 72.200519,
        "activity_lines": [
          2363.05,
          2346.281818,
          2287.855952,
          2251.143548
        ]
      },
      {
        "date": "2026-07-24",
        "close": 2359.25,
        "volume": 10326,
        "typical_volume": 11122.6,
        "trend": 2218.108333,
        "fair_value": 1795.175959,
        "relative_strength": 3.444384,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.081837,
        "energy": 60.149486,
        "activity_lines": [
          2360.566667,
          2353.145455,
          2300.177381,
          2260.848387
        ]
      },
      {
        "date": "2026-07-31",
        "close": 2375.0,
        "volume": 27047,
        "typical_volume": 10368.6,
        "trend": 2226.833333,
        "fair_value": 1801.271472,
        "relative_strength": 2.752304,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.049088,
        "energy": 55.576778,
        "activity_lines": [
          2364.366667,
          2359.909091,
          2312.738095,
          2270.97043
        ]
      },
      {
        "date": "2026-08-07",
        "close": 2438.0,
        "volume": 21727,
        "typical_volume": 11238.1,
        "trend": 2235.966667,
        "fair_value": 1807.820831,
        "relative_strength": 5.048018,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.800618,
        "energy": 65.655628,
        "activity_lines": [
          2387.183333,
          2376.313636,
          2329.983333,
          2284.594086
        ]
      }
    ],
    "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."
    }
  }
}