{
  "ticker": {
    "uuid": "1538b502-ae1a-4470-a741-286f13c4e038",
    "symbol": "688501",
    "name": "Qingdao Daneng Environmental Protection Equipment Co., Ltd.",
    "exchange": "SHH",
    "country": "CN",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "000001.SS",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -64.345,
    "architecture_energy": 71.36,
    "architecture_maturity": 51.902,
    "architecture_confidence": 90.353,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 9.96,
        "rotation_up": 14.39,
        "upward_expansion": 15.7,
        "deceleration": 40.36,
        "rotation_down": 68.23,
        "downward_expansion": 89.04
      },
      "activity_lines": [
        12.161221,
        12.789663,
        14.123347,
        15.131241
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 13.18,
    "trend_reference": 16.449788,
    "distance_from_trend": -0.198774,
    "trend_direction": "Weakening",
    "fair_value": 13.859292,
    "distance_from_fair_value": -0.049013,
    "fair_value_direction": "Weakening",
    "relative_strength": -25.358782,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.306956,
    "excess_performance": -0.263752,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.198774,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.091002,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.049013,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.324595,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.253588,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.093017,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.306956,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.685173,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 19846272,
      "relative_activity": 1.353201,
      "balance": 0.685173,
      "dry_up": 1.091514,
      "accumulation_observations": 4,
      "distribution_observations": 6
    },
    "risk": {
      "range_context": 0.127706,
      "annualized_volatility": 0.465283,
      "from_high_reference": -0.428627,
      "from_low_reference": 0.272375
    },
    "levels": {
      "trend_reference": 16.449788,
      "fair_value_reference": 13.859292,
      "structural_low": 10.358582,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 19,
        "median_return": -0.053055,
        "positive_rate": 0.421053,
        "directional_follow_through": 0.578947,
        "median_excess_return": -0.020653,
        "regime_survival": 0.789474,
        "best_return": 0.289049,
        "worst_return": -0.155035,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.06022,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.008137,
        "regime_survival": 0.428571,
        "best_return": 0.25562,
        "worst_return": -0.244176,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.013664,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.017748,
        "regime_survival": 0.25,
        "best_return": 0.038585,
        "worst_return": -0.141646,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.564992,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.513021,
        "regime_survival": 0.0,
        "best_return": 1.235531,
        "worst_return": -0.105547,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-05-17",
        "end": "2024-06-07",
        "tenure": "New",
        "return": -0.066345,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-06-14",
        "end": "2024-07-05",
        "tenure": "New",
        "return": -0.1875,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-07-12",
        "end": "2024-10-18",
        "tenure": "Established",
        "return": 0.161576,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-10-25",
        "end": "2024-12-13",
        "tenure": "Developing",
        "return": -0.020791,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-20",
        "end": "2025-01-10",
        "tenure": "New",
        "return": -0.119891,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-17",
        "end": "2025-02-28",
        "tenure": "Developing",
        "return": 0.126519,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-03-07",
        "end": "2025-07-04",
        "tenure": "Established",
        "return": 0.523068,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-07-11",
        "end": "2025-08-15",
        "tenure": "Developing",
        "return": 0.120751,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-22",
        "end": "2025-09-26",
        "tenure": "Developing",
        "return": -0.120436,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-03",
        "end": "2025-11-07",
        "tenure": "Developing",
        "return": -0.081053,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-11-14",
        "end": "2025-12-12",
        "tenure": "Developing",
        "return": -0.062358,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-19",
        "end": "2026-01-23",
        "tenure": "Developing",
        "return": 0.187023,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-30",
        "end": "2026-04-03",
        "tenure": "Developing",
        "return": -0.151526,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-04-10",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": -0.216145,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-07-28",
        "close": 13.584796,
        "volume": 8726170,
        "typical_volume": 15472677.45,
        "trend": 13.461942,
        "fair_value": 11.287545,
        "relative_strength": -1.710924,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 51.523125,
        "energy": 30.722945,
        "activity_lines": [
          14.222611,
          14.130143,
          13.678492,
          13.501464
        ]
      },
      {
        "date": "2023-08-04",
        "close": 13.428179,
        "volume": 7934426,
        "typical_volume": 15237574.85,
        "trend": 13.46042,
        "fair_value": 11.307932,
        "relative_strength": -3.850826,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 32.438159,
        "energy": 15.452119,
        "activity_lines": [
          13.862166,
          14.028921,
          13.696594,
          13.499286
        ]
      },
      {
        "date": "2023-08-11",
        "close": 12.651904,
        "volume": 6033157,
        "typical_volume": 14754844.0,
        "trend": 13.394277,
        "fair_value": 11.320611,
        "relative_strength": -7.066934,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -7.561167,
        "energy": 14.899286,
        "activity_lines": [
          13.357814,
          13.790325,
          13.637482,
          13.447124
        ]
      },
      {
        "date": "2023-08-18",
        "close": 12.672332,
        "volume": 7716688,
        "typical_volume": 14374556.55,
        "trend": 13.349664,
        "fair_value": 11.333244,
        "relative_strength": -5.65876,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -9.11005,
        "energy": 19.699723,
        "activity_lines": [
          13.026422,
          13.578064,
          13.576659,
          13.400547
        ]
      },
      {
        "date": "2023-08-25",
        "close": 12.045865,
        "volume": 7031795,
        "typical_volume": 14220867.85,
        "trend": 13.280694,
        "fair_value": 11.339842,
        "relative_strength": -8.715208,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -29.474314,
        "energy": 38.566464,
        "activity_lines": [
          12.621035,
          13.262209,
          13.453288,
          13.316431
        ]
      },
      {
        "date": "2023-09-01",
        "close": 12.495288,
        "volume": 13152367,
        "typical_volume": 13750635.85,
        "trend": 13.21489,
        "fair_value": 11.350443,
        "relative_strength": -7.527478,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -19.840258,
        "energy": 40.302093,
        "activity_lines": [
          12.493926,
          13.040289,
          13.371751,
          13.265759
        ]
      },
      {
        "date": "2023-09-08",
        "close": 14.987535,
        "volume": 31158502,
        "typical_volume": 14621508.6,
        "trend": 13.256486,
        "fair_value": 11.383507,
        "relative_strength": 10.941038,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "up",
        "direction": 30.928233,
        "energy": 16.82695,
        "activity_lines": [
          13.270199,
          13.295456,
          13.52945,
          13.380123
        ]
      },
      {
        "date": "2023-09-15",
        "close": 12.903853,
        "volume": 33998845,
        "typical_volume": 15503937.9,
        "trend": 13.198741,
        "fair_value": 11.397204,
        "relative_strength": -4.738929,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -2.936659,
        "energy": 4.600909,
        "activity_lines": [
          13.247955,
          13.174744,
          13.474396,
          13.357373
        ]
      },
      {
        "date": "2023-09-22",
        "close": 12.393147,
        "volume": 16141358,
        "typical_volume": 15831758.55,
        "trend": 13.15542,
        "fair_value": 11.406096,
        "relative_strength": -8.604112,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -9.307925,
        "energy": 5.976099,
        "activity_lines": [
          13.03868,
          13.001909,
          13.368827,
          13.305399
        ]
      },
      {
        "date": "2023-09-29",
        "close": 12.141198,
        "volume": 19322414,
        "typical_volume": 15836979.8,
        "trend": 13.12125,
        "fair_value": 11.412602,
        "relative_strength": -9.494454,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -30.406683,
        "energy": 14.541601,
        "activity_lines": [
          12.764033,
          12.825111,
          13.237334,
          13.239965
        ]
      },
      {
        "date": "2023-10-13",
        "close": 11.017644,
        "volume": 26913339,
        "typical_volume": 15617424.75,
        "trend": 13.049975,
        "fair_value": 11.409137,
        "relative_strength": -17.046303,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -47.417923,
        "energy": 55.459662,
        "activity_lines": [
          12.108513,
          12.477336,
          13.003718,
          13.104249
        ]
      },
      {
        "date": "2023-10-20",
        "close": 10.622696,
        "volume": 12148726,
        "typical_volume": 15583313.8,
        "trend": 12.979434,
        "fair_value": 11.402299,
        "relative_strength": -17.010677,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -76.512411,
        "energy": 76.513502,
        "activity_lines": [
          11.419853,
          12.104427,
          12.745946,
          12.94765
        ]
      },
      {
        "date": "2023-10-27",
        "close": 11.596443,
        "volume": 15785165,
        "typical_volume": 15583969.5,
        "trend": 12.969846,
        "fair_value": 11.403972,
        "relative_strength": -10.162106,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.794589,
        "energy": 70.416033,
        "activity_lines": [
          11.346765,
          11.959572,
          12.595259,
          12.858425
        ]
      },
      {
        "date": "2023-11-03",
        "close": 11.433018,
        "volume": 13692810,
        "typical_volume": 15543407.5,
        "trend": 12.948729,
        "fair_value": 11.40422,
        "relative_strength": -11.329402,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.198304,
        "energy": 68.676254,
        "activity_lines": [
          11.306362,
          11.804193,
          12.439957,
          12.759275
        ]
      },
      {
        "date": "2023-11-10",
        "close": 11.719014,
        "volume": 23049293,
        "typical_volume": 16045482.9,
        "trend": 12.944617,
        "fair_value": 11.406888,
        "relative_strength": -8.646565,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.961218,
        "energy": 50.797931,
        "activity_lines": [
          11.4253,
          11.723347,
          12.320495,
          12.679938
        ]
      },
      {
        "date": "2023-11-17",
        "close": 12.018628,
        "volume": 24674856,
        "typical_volume": 16633653.15,
        "trend": 12.915569,
        "fair_value": 11.412029,
        "relative_strength": -5.787623,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.295756,
        "energy": 29.881207,
        "activity_lines": [
          11.672255,
          11.702919,
          12.234325,
          12.620197
        ]
      },
      {
        "date": "2023-11-24",
        "close": 12.032246,
        "volume": 17711235,
        "typical_volume": 16073798.95,
        "trend": 12.917206,
        "fair_value": 11.417197,
        "relative_strength": -4.661728,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -37.226573,
        "energy": 21.994022,
        "activity_lines": [
          11.857018,
          11.693633,
          12.157994,
          12.563209
        ]
      },
      {
        "date": "2023-12-01",
        "close": 11.487494,
        "volume": 15109888,
        "typical_volume": 15900213.6,
        "trend": 12.883137,
        "fair_value": 11.417778,
        "relative_strength": -7.989343,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -39.451358,
        "energy": 21.861794,
        "activity_lines": [
          11.766226,
          11.639034,
          12.044634,
          12.470969
        ]
      },
      {
        "date": "2023-12-08",
        "close": 10.888264,
        "volume": 12875582,
        "typical_volume": 15987234.3,
        "trend": 12.846468,
        "fair_value": 11.413438,
        "relative_strength": -10.223953,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.602676,
        "energy": 33.008254,
        "activity_lines": [
          11.482954,
          11.501236,
          11.891616,
          12.342268
        ]
      },
      {
        "date": "2023-12-15",
        "close": 10.901883,
        "volume": 11600598,
        "typical_volume": 16238860.7,
        "trend": 12.770987,
        "fair_value": 11.409279,
        "relative_strength": -8.808415,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.843438,
        "energy": 50.144334,
        "activity_lines": [
          11.240538,
          11.393276,
          11.758022,
          12.216811
        ]
      },
      {
        "date": "2023-12-22",
        "close": 11.024452,
        "volume": 11455698,
        "typical_volume": 16375337.1,
        "trend": 12.677004,
        "fair_value": 11.406176,
        "relative_strength": -6.684582,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.986646,
        "energy": 61.49422,
        "activity_lines": [
          11.093455,
          11.330134,
          11.650725,
          12.104131
        ]
      },
      {
        "date": "2023-12-29",
        "close": 11.392161,
        "volume": 13102150,
        "typical_volume": 16633723.3,
        "trend": 12.602229,
        "fair_value": 11.406064,
        "relative_strength": -5.3902,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.291676,
        "energy": 54.344821,
        "activity_lines": [
          11.135219,
          11.333724,
          11.59064,
          12.021238
        ]
      },
      {
        "date": "2024-01-05",
        "close": 11.337687,
        "volume": 11364814,
        "typical_volume": 16900306.15,
        "trend": 12.51695,
        "fair_value": 11.405521,
        "relative_strength": -4.328893,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.263853,
        "energy": 40.492312,
        "activity_lines": [
          11.201498,
          11.31342,
          11.535062,
          11.939655
        ]
      },
      {
        "date": "2024-01-12",
        "close": 11.010834,
        "volume": 11094612,
        "typical_volume": 17069202.35,
        "trend": 12.442668,
        "fair_value": 11.402413,
        "relative_strength": -5.321757,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.568952,
        "energy": 34.696724,
        "activity_lines": [
          11.168813,
          11.238392,
          11.454613,
          11.842486
        ]
      },
      {
        "date": "2024-01-19",
        "close": 10.146037,
        "volume": 7646193,
        "typical_volume": 17099922.25,
        "trend": 12.356934,
        "fair_value": 11.392598,
        "relative_strength": -10.779327,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.467311,
        "energy": 44.282183,
        "activity_lines": [
          10.83969,
          11.013805,
          11.299715,
          11.694316
        ]
      },
      {
        "date": "2024-01-26",
        "close": 10.214131,
        "volume": 19556218,
        "typical_volume": 17420114.8,
        "trend": 12.236983,
        "fair_value": 11.383462,
        "relative_strength": -12.218246,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.865692,
        "energy": 51.347351,
        "activity_lines": [
          10.583656,
          10.830198,
          11.160349,
          11.556071
        ]
      },
      {
        "date": "2024-02-02",
        "close": 8.287066,
        "volume": 14063305,
        "typical_volume": 16565354.95,
        "trend": 12.008187,
        "fair_value": 11.359644,
        "relative_strength": -23.609067,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -87.192763,
        "energy": 81.671421,
        "activity_lines": [
          9.739288,
          10.329025,
          10.848316,
          11.301237
        ]
      },
      {
        "date": "2024-02-09",
        "close": 9.111005,
        "volume": 24565805,
        "typical_volume": 16093702.95,
        "trend": 11.807082,
        "fair_value": 11.342479,
        "relative_strength": -19.503319,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.308702,
        "energy": 77.107793,
        "activity_lines": [
          9.376573,
          10.045753,
          10.646659,
          11.114322
        ]
      },
      {
        "date": "2024-02-23",
        "close": 9.499141,
        "volume": 14672848,
        "typical_volume": 16020277.45,
        "trend": 11.633896,
        "fair_value": 11.328514,
        "relative_strength": -19.543387,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.434368,
        "energy": 71.796396,
        "activity_lines": [
          9.291681,
          9.87626,
          10.50003,
          10.965423
        ]
      },
      {
        "date": "2024-03-01",
        "close": 10.180083,
        "volume": 22067857,
        "typical_volume": 16157549.6,
        "trend": 11.507467,
        "fair_value": 11.319879,
        "relative_strength": -13.910715,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.586668,
        "energy": 50.628875,
        "activity_lines": [
          9.53455,
          9.855832,
          10.432033,
          10.871629
        ]
      },
      {
        "date": "2024-03-08",
        "close": 10.391176,
        "volume": 20167974,
        "typical_volume": 15820281.35,
        "trend": 11.401013,
        "fair_value": 11.312949,
        "relative_strength": -12.337233,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.916166,
        "energy": 33.323223,
        "activity_lines": [
          9.845514,
          9.886907,
          10.393478,
          10.79961
        ]
      },
      {
        "date": "2024-03-15",
        "close": 11.004025,
        "volume": 19706561,
        "typical_volume": 16198173.1,
        "trend": 11.320208,
        "fair_value": 11.31066,
        "relative_strength": -7.267018,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -28.21424,
        "energy": 17.742429,
        "activity_lines": [
          10.348958,
          10.040924,
          10.416274,
          10.773998
        ]
      },
      {
        "date": "2024-03-22",
        "close": 11.283211,
        "volume": 17754042,
        "typical_volume": 16296616.95,
        "trend": 11.274585,
        "fair_value": 11.310458,
        "relative_strength": -4.532913,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -12.942772,
        "energy": 17.78282,
        "activity_lines": [
          10.764333,
          10.252759,
          10.463843,
          10.771611
        ]
      },
      {
        "date": "2024-03-29",
        "close": 10.779313,
        "volume": 11348337,
        "typical_volume": 16179393.3,
        "trend": 11.211485,
        "fair_value": 11.306581,
        "relative_strength": -8.420339,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -19.297595,
        "energy": 20.150305,
        "activity_lines": [
          10.866928,
          10.373967,
          10.464913,
          10.739658
        ]
      },
      {
        "date": "2024-04-05",
        "close": 10.874644,
        "volume": 5693425,
        "typical_volume": 15311599.9,
        "trend": 11.172444,
        "fair_value": 11.303451,
        "relative_strength": -8.413412,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -8.840661,
        "energy": 16.150164,
        "activity_lines": [
          10.915955,
          10.516717,
          10.478175,
          10.717926
        ]
      },
      {
        "date": "2024-04-12",
        "close": 10.792933,
        "volume": 8750177,
        "typical_volume": 14515365.95,
        "trend": 11.115699,
        "fair_value": 11.299779,
        "relative_strength": -7.55009,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -9.654227,
        "energy": 12.941051,
        "activity_lines": [
          10.891442,
          10.631363,
          10.487675,
          10.693441
        ]
      },
      {
        "date": "2024-04-19",
        "close": 10.547792,
        "volume": 16815420,
        "typical_volume": 14470575.2,
        "trend": 10.967707,
        "fair_value": 11.294407,
        "relative_strength": -10.947367,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -12.222466,
        "energy": 8.131078,
        "activity_lines": [
          10.758431,
          10.690914,
          10.479666,
          10.656802
        ]
      },
      {
        "date": "2024-04-26",
        "close": 11.40578,
        "volume": 11416097,
        "typical_volume": 14285885.65,
        "trend": 10.917772,
        "fair_value": 11.295197,
        "relative_strength": -4.352079,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 16.383228,
        "energy": 11.743335,
        "activity_lines": [
          10.941831,
          10.865359,
          10.560439,
          10.685065
        ]
      },
      {
        "date": "2024-05-03",
        "close": 11.841582,
        "volume": 9899922,
        "typical_volume": 14137102.65,
        "trend": 10.899386,
        "fair_value": 11.299045,
        "relative_strength": -1.305741,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 22.352355,
        "energy": 22.48232,
        "activity_lines": [
          11.262328,
          11.077318,
          10.683106,
          10.744666
        ]
      },
      {
        "date": "2024-05-10",
        "close": 12.025437,
        "volume": 9404971,
        "typical_volume": 14027321.3,
        "trend": 10.895527,
        "fair_value": 11.304125,
        "relative_strength": -1.37666,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 36.084783,
        "energy": 42.140705,
        "activity_lines": [
          11.573291,
          11.280115,
          10.818743,
          10.817314
        ]
      },
      {
        "date": "2024-05-17",
        "close": 11.290021,
        "volume": 8140787,
        "typical_volume": 13861575.75,
        "trend": 10.904607,
        "fair_value": 11.304027,
        "relative_strength": -7.385445,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 27.954596,
        "energy": 44.513718,
        "activity_lines": [
          11.562397,
          11.315648,
          10.87899,
          10.842765
        ]
      },
      {
        "date": "2024-05-24",
        "close": 11.364923,
        "volume": 16944311,
        "typical_volume": 14053683.8,
        "trend": 10.929347,
        "fair_value": 11.304447,
        "relative_strength": -4.641188,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 26.277966,
        "energy": 38.20461,
        "activity_lines": [
          11.54333,
          11.348457,
          10.945106,
          10.872463
        ]
      },
      {
        "date": "2024-05-31",
        "close": 11.16745,
        "volume": 24685325,
        "typical_volume": 14719709.35,
        "trend": 10.915048,
        "fair_value": 11.303508,
        "relative_strength": -5.955162,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 22.698924,
        "energy": 19.973663,
        "activity_lines": [
          11.403964,
          11.3388,
          10.992545,
          10.887825
        ]
      },
      {
        "date": "2024-06-07",
        "close": 10.540982,
        "volume": 14275717,
        "typical_volume": 14878764.6,
        "trend": 10.885313,
        "fair_value": 11.298321,
        "relative_strength": -9.841084,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": -3.475579,
        "energy": 6.761817,
        "activity_lines": [
          11.071664,
          11.217344,
          10.981131,
          10.863691
        ]
      },
      {
        "date": "2024-06-14",
        "close": 10.45927,
        "volume": 5831230,
        "typical_volume": 14788016.45,
        "trend": 10.843322,
        "fair_value": 11.292652,
        "relative_strength": -9.60286,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -11.603543,
        "energy": 13.125221,
        "activity_lines": [
          10.798833,
          11.085365,
          10.964173,
          10.836205
        ]
      },
      {
        "date": "2024-06-21",
        "close": 9.778328,
        "volume": 7008231,
        "typical_volume": 14160617.1,
        "trend": 10.768645,
        "fair_value": 11.282489,
        "relative_strength": -14.154172,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -36.225607,
        "energy": 29.153876,
        "activity_lines": [
          10.403433,
          10.837131,
          10.880871,
          10.767495
        ]
      },
      {
        "date": "2024-06-28",
        "close": 9.315288,
        "volume": 6586011,
        "typical_volume": 13786752.4,
        "trend": 10.67808,
        "fair_value": 11.269374,
        "relative_strength": -17.05899,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -44.311478,
        "energy": 51.059719,
        "activity_lines": [
          9.954465,
          10.523155,
          10.755545,
          10.67373
        ]
      },
      {
        "date": "2024-07-05",
        "close": 8.498157,
        "volume": 5906567,
        "typical_volume": 12853790.5,
        "trend": 10.578435,
        "fair_value": 11.251021,
        "relative_strength": -23.326014,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -71.862721,
        "energy": 73.838393,
        "activity_lines": [
          9.369763,
          10.083019,
          10.547501,
          10.53309
        ]
      },
      {
        "date": "2024-07-12",
        "close": 8.623299,
        "volume": 10175075,
        "typical_volume": 12628901.85,
        "trend": 10.502936,
        "fair_value": 11.233734,
        "relative_strength": -22.026164,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.47071,
        "energy": 78.307548,
        "activity_lines": [
          9.004728,
          9.718501,
          10.354293,
          10.406952
        ]
      },
      {
        "date": "2024-07-19",
        "close": 8.935235,
        "volume": 11126713,
        "typical_volume": 12081844.65,
        "trend": 10.437381,
        "fair_value": 11.218711,
        "relative_strength": -18.773088,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.023455,
        "energy": 75.456967,
        "activity_lines": [
          8.871516,
          9.469214,
          10.194965,
          10.30581
        ]
      },
      {
        "date": "2024-07-26",
        "close": 8.221249,
        "volume": 11910529,
        "typical_volume": 11668972.4,
        "trend": 10.343941,
        "fair_value": 11.199247,
        "relative_strength": -22.213126,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.095456,
        "energy": 78.494804,
        "activity_lines": [
          8.601912,
          9.146297,
          9.973566,
          10.162834
        ]
      },
      {
        "date": "2024-08-02",
        "close": 8.574777,
        "volume": 7717460,
        "typical_volume": 11069517.35,
        "trend": 10.250029,
        "fair_value": 11.182315,
        "relative_strength": -18.64681,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.852556,
        "energy": 65.263312,
        "activity_lines": [
          8.553956,
          8.943453,
          9.796168,
          10.048694
        ]
      },
      {
        "date": "2024-08-09",
        "close": 8.165792,
        "volume": 5072981,
        "typical_volume": 10435464.3,
        "trend": 10.144299,
        "fair_value": 11.162978,
        "relative_strength": -20.816162,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.343329,
        "energy": 60.373786,
        "activity_lines": [
          8.419039,
          8.716978,
          9.591388,
          9.914228
        ]
      },
      {
        "date": "2024-08-16",
        "close": 7.763742,
        "volume": 8205689,
        "typical_volume": 10278331.9,
        "trend": 10.036062,
        "fair_value": 11.130732,
        "relative_strength": -24.60711,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.64184,
        "energy": 65.222393,
        "activity_lines": [
          8.172263,
          8.471979,
          9.363163,
          9.760643
        ]
      },
      {
        "date": "2024-08-23",
        "close": 7.313168,
        "volume": 6174963,
        "typical_volume": 10302408.8,
        "trend": 9.941633,
        "fair_value": 11.117991,
        "relative_strength": -27.813685,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.41748,
        "energy": 74.763582,
        "activity_lines": [
          7.832599,
          8.195552,
          9.106385,
          9.584973
        ]
      },
      {
        "date": "2024-08-30",
        "close": 8.110338,
        "volume": 9099472,
        "typical_volume": 10319873.55,
        "trend": 9.871507,
        "fair_value": 11.113169,
        "relative_strength": -19.079809,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.515245,
        "energy": 67.796471,
        "activity_lines": [
          7.866797,
          8.121268,
          8.942487,
          9.466825
        ]
      },
      {
        "date": "2024-09-06",
        "close": 7.72215,
        "volume": 5484549,
        "typical_volume": 9753330.0,
        "trend": 9.852676,
        "fair_value": 11.105362,
        "relative_strength": -20.329433,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.988031,
        "energy": 68.556772,
        "activity_lines": [
          7.778992,
          8.00673,
          8.754394,
          9.328156
        ]
      },
      {
        "date": "2024-09-13",
        "close": 7.534988,
        "volume": 5501604,
        "typical_volume": 9457605.35,
        "trend": 9.800142,
        "fair_value": 11.092591,
        "relative_strength": -19.958407,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.170288,
        "energy": 62.076468,
        "activity_lines": [
          7.685642,
          7.88713,
          8.561931,
          9.178628
        ]
      },
      {
        "date": "2024-09-20",
        "close": 7.417147,
        "volume": 3286890,
        "typical_volume": 9126953.75,
        "trend": 9.730743,
        "fair_value": 11.082367,
        "relative_strength": -21.239228,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.06066,
        "energy": 54.350128,
        "activity_lines": [
          7.595065,
          7.763616,
          8.376678,
          9.024886
        ]
      },
      {
        "date": "2024-09-27",
        "close": 8.623299,
        "volume": 10317508,
        "typical_volume": 9172580.6,
        "trend": 9.67885,
        "fair_value": 11.079247,
        "relative_strength": -18.217605,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -48.494804,
        "energy": 38.250451,
        "activity_lines": [
          7.929646,
          7.881332,
          8.327365,
          8.953439
        ]
      },
      {
        "date": "2024-10-04",
        "close": 9.954226,
        "volume": 4786752,
        "typical_volume": 9004878.85,
        "trend": 9.664285,
        "fair_value": 11.082115,
        "relative_strength": -12.158416,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -12.2065,
        "energy": 14.343594,
        "activity_lines": [
          8.620526,
          8.246707,
          8.421007,
          8.971205
        ]
      },
      {
        "date": "2024-10-11",
        "close": 9.17092,
        "volume": 22571476,
        "typical_volume": 9286237.1,
        "trend": 9.603181,
        "fair_value": 11.080458,
        "relative_strength": -15.580404,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -18.506696,
        "energy": 20.501246,
        "activity_lines": [
          8.927379,
          8.438154,
          8.44641,
          8.939375
        ]
      },
      {
        "date": "2024-10-18",
        "close": 10.016614,
        "volume": 20777008,
        "typical_volume": 9090821.25,
        "trend": 9.560961,
        "fair_value": 11.086038,
        "relative_strength": -8.776527,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 9.854784,
        "energy": 27.884241,
        "activity_lines": [
          9.419545,
          8.772524,
          8.562803,
          8.966048
        ]
      },
      {
        "date": "2024-10-25",
        "close": 10.335482,
        "volume": 16989185,
        "typical_volume": 9226494.65,
        "trend": 9.546167,
        "fair_value": 11.094456,
        "relative_strength": -6.731996,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 34.127758,
        "energy": 41.976142,
        "activity_lines": [
          9.852558,
          9.131219,
          8.715044,
          9.016017
        ]
      },
      {
        "date": "2024-11-01",
        "close": 9.122396,
        "volume": 21134966,
        "typical_volume": 9991681.45,
        "trend": 9.487759,
        "fair_value": 11.098796,
        "relative_strength": -16.477969,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 21.343375,
        "energy": 35.805533,
        "activity_lines": [
          9.686654,
          9.222594,
          8.752732,
          8.988677
        ]
      },
      {
        "date": "2024-11-08",
        "close": 10.245367,
        "volume": 16405039,
        "typical_volume": 10461521.85,
        "trend": 9.469507,
        "fair_value": 11.109344,
        "relative_strength": -10.680892,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 31.503274,
        "energy": 47.318449,
        "activity_lines": [
          9.861801,
          9.485251,
          8.903735,
          9.037555
        ]
      },
      {
        "date": "2024-11-15",
        "close": 9.753201,
        "volume": 13672007,
        "typical_volume": 10815821.65,
        "trend": 9.44302,
        "fair_value": 11.117431,
        "relative_strength": -11.392144,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 20.328957,
        "energy": 25.349697,
        "activity_lines": [
          9.853483,
          9.619604,
          9.005642,
          9.055858
        ]
      },
      {
        "date": "2024-11-22",
        "close": 9.579903,
        "volume": 16232118,
        "typical_volume": 11332099.2,
        "trend": 9.382158,
        "fair_value": 11.126587,
        "relative_strength": -10.753329,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 24.566593,
        "energy": 19.758308,
        "activity_lines": [
          9.74858,
          9.68552,
          9.088959,
          9.064689
        ]
      },
      {
        "date": "2024-11-29",
        "close": 10.432529,
        "volume": 13739769,
        "typical_volume": 11510333.9,
        "trend": 9.335189,
        "fair_value": 11.143883,
        "relative_strength": -4.081118,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 37.241282,
        "energy": 29.471368,
        "activity_lines": [
          9.956999,
          9.869279,
          9.248327,
          9.132455
        ]
      },
      {
        "date": "2024-12-06",
        "close": 10.716738,
        "volume": 16599064,
        "typical_volume": 11783951.45,
        "trend": 9.291566,
        "fair_value": 11.161813,
        "relative_strength": -3.350394,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 37.776316,
        "energy": 33.330468,
        "activity_lines": [
          10.253686,
          10.049887,
          9.426147,
          9.221587
        ]
      },
      {
        "date": "2024-12-13",
        "close": 10.120592,
        "volume": 11510300,
        "typical_volume": 11763940.0,
        "trend": 9.252585,
        "fair_value": 11.173378,
        "relative_strength": -8.027754,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 54.4078,
        "energy": 39.396446,
        "activity_lines": [
          10.245367,
          10.084042,
          9.538708,
          9.275072
        ]
      },
      {
        "date": "2024-12-20",
        "close": 10.176047,
        "volume": 10113899,
        "typical_volume": 11883761.95,
        "trend": 9.212956,
        "fair_value": 11.184472,
        "relative_strength": -6.491186,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 52.732054,
        "energy": 42.829749,
        "activity_lines": [
          10.263852,
          10.125256,
          9.647506,
          9.334651
        ]
      },
      {
        "date": "2024-12-27",
        "close": 9.621494,
        "volume": 9045612,
        "typical_volume": 12082393.5,
        "trend": 9.161424,
        "fair_value": 11.190691,
        "relative_strength": -11.921676,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 49.263394,
        "energy": 29.071036,
        "activity_lines": [
          10.069296,
          10.047366,
          9.695864,
          9.361008
        ]
      },
      {
        "date": "2025-01-03",
        "close": 9.219444,
        "volume": 9763711,
        "typical_volume": 12160294.6,
        "trend": 9.117373,
        "fair_value": 11.194035,
        "relative_strength": -10.127068,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 28.912788,
        "energy": 16.193301,
        "activity_lines": [
          9.737951,
          9.90356,
          9.699,
          9.364751
        ]
      },
      {
        "date": "2025-01-10",
        "close": 8.956031,
        "volume": 7183512,
        "typical_volume": 12210722.05,
        "trend": 9.067265,
        "fair_value": 11.196945,
        "relative_strength": -10.952942,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 12.954735,
        "energy": 15.922521,
        "activity_lines": [
          9.399673,
          9.732153,
          9.670117,
          9.354342
        ]
      },
      {
        "date": "2025-01-17",
        "close": 9.697746,
        "volume": 6976270,
        "typical_volume": 12104561.95,
        "trend": 9.064579,
        "fair_value": 11.199524,
        "relative_strength": -5.282593,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 11.269436,
        "energy": 15.880902,
        "activity_lines": [
          9.426015,
          9.698628,
          9.70405,
          9.395018
        ]
      },
      {
        "date": "2025-01-24",
        "close": 9.767065,
        "volume": 8904373,
        "typical_volume": 12275553.15,
        "trend": 9.079638,
        "fair_value": 11.198253,
        "relative_strength": -4.585796,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 14.442938,
        "energy": 14.56734,
        "activity_lines": [
          9.503652,
          9.687663,
          9.737027,
          9.44034
        ]
      },
      {
        "date": "2025-01-31",
        "close": 9.628426,
        "volume": 993414,
        "typical_volume": 12050143.65,
        "trend": 9.117313,
        "fair_value": 11.187571,
        "relative_strength": -5.565518,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 15.350106,
        "energy": 10.875493,
        "activity_lines": [
          9.562342,
          9.651239,
          9.747061,
          9.475746
        ]
      },
      {
        "date": "2025-02-07",
        "close": 9.690814,
        "volume": 5510003,
        "typical_volume": 12161299.3,
        "trend": 9.152897,
        "fair_value": 11.162823,
        "relative_strength": -6.421787,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 27.57804,
        "energy": 16.581511,
        "activity_lines": [
          9.641366,
          9.625276,
          9.753069,
          9.512746
        ]
      },
      {
        "date": "2025-02-14",
        "close": 9.524448,
        "volume": 9204949,
        "typical_volume": 12105671.35,
        "trend": 9.172538,
        "fair_value": 11.147015,
        "relative_strength": -9.025572,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 25.918571,
        "energy": 14.575374,
        "activity_lines": [
          9.63351,
          9.58255,
          9.732405,
          9.536717
        ]
      },
      {
        "date": "2025-02-21",
        "close": 9.822519,
        "volume": 15366902,
        "typical_volume": 12634678.85,
        "trend": 9.225913,
        "fair_value": 11.139626,
        "relative_strength": -6.932225,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 32.710569,
        "energy": 16.391313,
        "activity_lines": [
          9.687116,
          9.615697,
          9.735838,
          9.578651
        ]
      },
      {
        "date": "2025-02-28",
        "close": 10.924694,
        "volume": 30143572,
        "typical_volume": 13013283.65,
        "trend": 9.304244,
        "fair_value": 11.135338,
        "relative_strength": 5.372999,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 71.286367,
        "energy": 50.777766,
        "activity_lines": [
          10.099796,
          9.854659,
          9.844867,
          9.68825
        ]
      },
      {
        "date": "2025-03-07",
        "close": 12.470511,
        "volume": 36195901,
        "typical_volume": 13784228.3,
        "trend": 9.447735,
        "fair_value": 11.149877,
        "relative_strength": 18.232457,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 86.853296,
        "energy": 81.585497,
        "activity_lines": [
          10.950573,
          10.361067,
          10.092766,
          9.892525
        ]
      },
      {
        "date": "2025-03-14",
        "close": 13.683596,
        "volume": 38110000,
        "typical_volume": 14840269.05,
        "trend": 9.645063,
        "fair_value": 11.173118,
        "relative_strength": 27.636662,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 92.396335,
        "energy": 95.430293,
        "activity_lines": [
          12.016239,
          11.036235,
          10.444511,
          10.165806
        ]
      },
      {
        "date": "2025-03-21",
        "close": 13.898485,
        "volume": 44389178,
        "typical_volume": 16002979.65,
        "trend": 9.864574,
        "fair_value": 11.199255,
        "relative_strength": 31.404216,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.576367,
        "energy": 95.614958,
        "activity_lines": [
          12.88735,
          11.669308,
          10.800778,
          10.440221
        ]
      },
      {
        "date": "2025-03-28",
        "close": 13.607345,
        "volume": 28438573,
        "typical_volume": 16604656.35,
        "trend": 10.047807,
        "fair_value": 11.221247,
        "relative_strength": 28.76442,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.901255,
        "energy": 91.280467,
        "activity_lines": [
          13.369811,
          12.159583,
          11.106574,
          10.68169
        ]
      },
      {
        "date": "2025-04-04",
        "close": 13.718255,
        "volume": 26620754,
        "typical_volume": 17252093.7,
        "trend": 10.247677,
        "fair_value": 11.247649,
        "relative_strength": 29.730693,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.737271,
        "energy": 89.591111,
        "activity_lines": [
          13.636921,
          12.59894,
          11.406924,
          10.918493
        ]
      },
      {
        "date": "2025-04-11",
        "close": 14.279739,
        "volume": 38386012,
        "typical_volume": 18359788.4,
        "trend": 10.472502,
        "fair_value": 11.281879,
        "relative_strength": 38.664435,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.066428,
        "energy": 81.46748,
        "activity_lines": [
          13.904954,
          13.068546,
          11.741868,
          11.178626
        ]
      },
      {
        "date": "2025-04-18",
        "close": 15.215548,
        "volume": 31938970,
        "typical_volume": 19269748.45,
        "trend": 10.732449,
        "fair_value": 11.32181,
        "relative_strength": 44.961473,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.019441,
        "energy": 72.615987,
        "activity_lines": [
          14.364309,
          13.623729,
          12.143555,
          11.484629
        ]
      },
      {
        "date": "2025-04-25",
        "close": 18.092293,
        "volume": 39608765,
        "typical_volume": 20420233.5,
        "trend": 11.048082,
        "fair_value": 11.382229,
        "relative_strength": 69.579518,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 96.060168,
        "energy": 77.146611,
        "activity_lines": [
          15.680449,
          14.601507,
          12.796443,
          11.959457
        ]
      },
      {
        "date": "2025-05-02",
        "close": 18.480478,
        "volume": 29154710,
        "typical_volume": 21302454.0,
        "trend": 11.332291,
        "fair_value": 11.446854,
        "relative_strength": 72.201229,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 89.440633,
        "energy": 75.012954,
        "activity_lines": [
          16.846396,
          15.494085,
          13.451178,
          12.438967
        ]
      },
      {
        "date": "2025-05-09",
        "close": 19.880726,
        "volume": 24992054,
        "typical_volume": 22046361.75,
        "trend": 11.689284,
        "fair_value": 11.523428,
        "relative_strength": 79.504804,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 89.685108,
        "energy": 91.980575,
        "activity_lines": [
          18.154217,
          16.483836,
          14.199462,
          12.990479
        ]
      },
      {
        "date": "2025-05-16",
        "close": 20.164932,
        "volume": 20464480,
        "typical_volume": 22617305.15,
        "trend": 12.027561,
        "fair_value": 11.602683,
        "relative_strength": 78.203458,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.60922,
        "energy": 90.668467,
        "activity_lines": [
          19.145942,
          17.362424,
          14.9286,
          13.537295
        ]
      },
      {
        "date": "2025-05-23",
        "close": 20.553122,
        "volume": 19810590,
        "typical_volume": 23119649.1,
        "trend": 12.368149,
        "fair_value": 11.68512,
        "relative_strength": 80.134638,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.399515,
        "energy": 86.010711,
        "activity_lines": [
          19.874718,
          18.171694,
          15.644501,
          14.087331
        ]
      },
      {
        "date": "2025-05-30",
        "close": 20.234253,
        "volume": 25373270,
        "typical_volume": 24029137.0,
        "trend": 12.738545,
        "fair_value": 11.7669,
        "relative_strength": 74.990217,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.645758,
        "energy": 80.489133,
        "activity_lines": [
          20.141365,
          18.798087,
          16.276065,
          14.594821
        ]
      },
      {
        "date": "2025-06-06",
        "close": 21.073013,
        "volume": 24655363,
        "typical_volume": 24913091.65,
        "trend": 13.099466,
        "fair_value": 11.850852,
        "relative_strength": 77.468357,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.143783,
        "energy": 70.106924,
        "activity_lines": [
          20.544802,
          19.461785,
          16.933804,
          15.132529
        ]
      },
      {
        "date": "2025-06-13",
        "close": 19.762882,
        "volume": 23387624,
        "typical_volume": 25637254.2,
        "trend": 13.433122,
        "fair_value": 11.92535,
        "relative_strength": 64.67719,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.778505,
        "energy": 64.886947,
        "activity_lines": [
          20.338693,
          19.751539,
          17.412601,
          15.562427
        ]
      },
      {
        "date": "2025-06-20",
        "close": 18.411161,
        "volume": 24700509,
        "typical_volume": 26822608.95,
        "trend": 13.727498,
        "fair_value": 11.994716,
        "relative_strength": 52.365663,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.819699,
        "energy": 56.135448,
        "activity_lines": [
          19.689867,
          19.685623,
          17.715064,
          15.883591
        ]
      },
      {
        "date": "2025-06-27",
        "close": 19.048897,
        "volume": 18188061,
        "typical_volume": 27456511.85,
        "trend": 14.01471,
        "fair_value": 12.06249,
        "relative_strength": 52.7026,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 49.62566,
        "energy": 44.74186,
        "activity_lines": [
          19.370537,
          19.660543,
          18.036441,
          16.226907
        ]
      },
      {
        "date": "2025-07-04",
        "close": 18.993441,
        "volume": 9923631,
        "typical_volume": 27492445.95,
        "trend": 14.2906,
        "fair_value": 12.128257,
        "relative_strength": 48.12473,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 44.312563,
        "energy": 34.707541,
        "activity_lines": [
          19.133004,
          19.555682,
          18.307973,
          16.548115
        ]
      },
      {
        "date": "2025-07-11",
        "close": 19.277649,
        "volume": 15257870,
        "typical_volume": 27486994.35,
        "trend": 14.595835,
        "fair_value": 12.1971,
        "relative_strength": 46.740737,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.302865,
        "energy": 30.668251,
        "activity_lines": [
          19.072927,
          19.486111,
          18.561483,
          16.86986
        ]
      },
      {
        "date": "2025-07-18",
        "close": 18.646845,
        "volume": 31034418,
        "typical_volume": 27531536.65,
        "trend": 14.878195,
        "fair_value": 12.263023,
        "relative_strength": 39.330954,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.246067,
        "energy": 27.407868,
        "activity_lines": [
          18.922273,
          19.287354,
          18.709892,
          17.131216
        ]
      },
      {
        "date": "2025-07-25",
        "close": 18.534937,
        "volume": 13725068,
        "typical_volume": 26407995.0,
        "trend": 15.17531,
        "fair_value": 12.330014,
        "relative_strength": 34.632201,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.331737,
        "energy": 24.52679,
        "activity_lines": [
          18.808719,
          19.090684,
          18.810871,
          17.367135
        ]
      },
      {
        "date": "2025-08-01",
        "close": 19.087488,
        "volume": 15987367,
        "typical_volume": 25301863.35,
        "trend": 15.504245,
        "fair_value": 12.402252,
        "relative_strength": 38.285178,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.322518,
        "energy": 25.499311,
        "activity_lines": [
          18.871097,
          19.024115,
          18.935596,
          17.619533
        ]
      },
      {
        "date": "2025-08-08",
        "close": 20.745142,
        "volume": 21915050,
        "typical_volume": 24178156.95,
        "trend": 15.897215,
        "fair_value": 12.483444,
        "relative_strength": 45.132098,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 67.862597,
        "energy": 40.951962,
        "activity_lines": [
          19.483454,
          19.285585,
          19.192459,
          17.957656
        ]
      },
      {
        "date": "2025-08-15",
        "close": 21.605442,
        "volume": 21826904,
        "typical_volume": 23847573.5,
        "trend": 16.294138,
        "fair_value": 12.567312,
        "relative_strength": 46.376647,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 74.37726,
        "energy": 54.942796,
        "activity_lines": [
          20.265797,
          19.694184,
          19.498653,
          18.325928
        ]
      },
      {
        "date": "2025-08-22",
        "close": 21.836254,
        "volume": 19117217,
        "typical_volume": 23472396.65,
        "trend": 16.696444,
        "fair_value": 12.647613,
        "relative_strength": 40.81899,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.378172,
        "energy": 71.418864,
        "activity_lines": [
          20.969892,
          20.135069,
          19.788743,
          18.683484
        ]
      },
      {
        "date": "2025-08-29",
        "close": 22.227938,
        "volume": 30009559,
        "typical_volume": 23053574.0,
        "trend": 17.116428,
        "fair_value": 12.728053,
        "relative_strength": 40.21503,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.157359,
        "energy": 77.323072,
        "activity_lines": [
          21.59192,
          20.609471,
          20.077479,
          19.040355
        ]
      },
      {
        "date": "2025-09-05",
        "close": 20.479357,
        "volume": 16511406,
        "typical_volume": 22282195.8,
        "trend": 17.476046,
        "fair_value": 12.796215,
        "relative_strength": 29.164338,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.110178,
        "energy": 60.808311,
        "activity_lines": [
          21.384888,
          20.696554,
          20.161834,
          19.257318
        ]
      },
      {
        "date": "2025-09-12",
        "close": 20.276522,
        "volume": 13415226,
        "typical_volume": 20972518.85,
        "trend": 17.834449,
        "fair_value": 12.849345,
        "relative_strength": 24.553646,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.852253,
        "energy": 43.333822,
        "activity_lines": [
          21.017453,
          20.720749,
          20.201807,
          19.437994
        ]
      },
      {
        "date": "2025-09-19",
        "close": 19.570095,
        "volume": 11549590,
        "typical_volume": 20092262.85,
        "trend": 18.159368,
        "fair_value": 12.898681,
        "relative_strength": 20.474607,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 40.578879,
        "energy": 25.558857,
        "activity_lines": [
          20.445784,
          20.593174,
          20.164099,
          19.549971
        ]
      },
      {
        "date": "2025-09-26",
        "close": 19.20639,
        "volume": 11780018,
        "typical_volume": 19431661.05,
        "trend": 18.435425,
        "fair_value": 12.948125,
        "relative_strength": 16.812978,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 22.306576,
        "energy": 18.505199,
        "activity_lines": [
          19.88857,
          20.394153,
          20.086565,
          19.617521
        ]
      },
      {
        "date": "2025-10-03",
        "close": 19.9338,
        "volume": 4778467,
        "typical_volume": 18647360.4,
        "trend": 18.684201,
        "fair_value": 12.975902,
        "relative_strength": 18.390087,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 24.93984,
        "energy": 19.438521,
        "activity_lines": [
          19.74915,
          20.317216,
          20.081518,
          19.71419
        ]
      },
      {
        "date": "2025-10-10",
        "close": 20.346464,
        "volume": 8270016,
        "typical_volume": 18070331.7,
        "trend": 18.906296,
        "fair_value": 13.011371,
        "relative_strength": 19.146328,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 26.491592,
        "energy": 17.600766,
        "activity_lines": [
          19.900227,
          20.289874,
          20.116874,
          19.821433
        ]
      },
      {
        "date": "2025-10-17",
        "close": 19.654028,
        "volume": 16878345,
        "typical_volume": 17645585.45,
        "trend": 19.098148,
        "fair_value": 13.054496,
        "relative_strength": 15.767979,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 20.958005,
        "energy": 12.97666,
        "activity_lines": [
          19.829351,
          20.113745,
          20.087267,
          19.869674
        ]
      },
      {
        "date": "2025-10-24",
        "close": 19.332289,
        "volume": 7891822,
        "typical_volume": 16807408.4,
        "trend": 19.288979,
        "fair_value": 13.0993,
        "relative_strength": 9.844252,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 6.913703,
        "energy": 6.602768,
        "activity_lines": [
          19.692729,
          19.898956,
          20.029781,
          19.88478
        ]
      },
      {
        "date": "2025-10-31",
        "close": 18.772745,
        "volume": 11214926,
        "typical_volume": 16198773.5,
        "trend": 19.457462,
        "fair_value": 13.130093,
        "relative_strength": 5.650909,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -19.788071,
        "energy": 15.015468,
        "activity_lines": [
          19.385446,
          19.623761,
          19.927295,
          19.851474
        ]
      },
      {
        "date": "2025-11-07",
        "close": 18.318113,
        "volume": 7461245,
        "typical_volume": 15336810.3,
        "trend": 19.592075,
        "fair_value": 13.150621,
        "relative_strength": 1.289401,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -25.635946,
        "energy": 34.064376,
        "activity_lines": [
          18.955529,
          19.321607,
          19.786225,
          19.777968
        ]
      },
      {
        "date": "2025-11-14",
        "close": 18.50696,
        "volume": 8648779,
        "typical_volume": 14859846.2,
        "trend": 19.701789,
        "fair_value": 13.165076,
        "relative_strength": 1.775188,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -31.58872,
        "energy": 45.317485,
        "activity_lines": [
          18.696273,
          19.124876,
          19.663584,
          19.70796
        ]
      },
      {
        "date": "2025-11-21",
        "close": 19.255352,
        "volume": 16298436,
        "typical_volume": 15178586.45,
        "trend": 19.740557,
        "fair_value": 13.165384,
        "relative_strength": 9.224449,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -55.055553,
        "energy": 47.552291,
        "activity_lines": [
          18.809115,
          19.100078,
          19.614799,
          19.679158
        ]
      },
      {
        "date": "2025-11-28",
        "close": 19.514141,
        "volume": 9840763,
        "typical_volume": 14907731.1,
        "trend": 19.775013,
        "fair_value": 13.184958,
        "relative_strength": 8.310893,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -50.855621,
        "energy": 32.279244,
        "activity_lines": [
          19.034798,
          19.140899,
          19.589413,
          19.66455
        ]
      },
      {
        "date": "2025-12-05",
        "close": 18.660835,
        "volume": 9071091,
        "typical_volume": 13809564.75,
        "trend": 19.73435,
        "fair_value": 13.196356,
        "relative_strength": 2.502717,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -55.085311,
        "energy": 27.455054,
        "activity_lines": [
          18.963922,
          19.027591,
          19.481634,
          19.592668
        ]
      },
      {
        "date": "2025-12-12",
        "close": 17.352898,
        "volume": 8118332,
        "typical_volume": 13529227.95,
        "trend": 19.640615,
        "fair_value": 13.199504,
        "relative_strength": -4.931005,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -69.951161,
        "energy": 37.936359,
        "activity_lines": [
          18.464528,
          18.686396,
          19.249223,
          19.439026
        ]
      },
      {
        "date": "2025-12-19",
        "close": 16.492598,
        "volume": 15629760,
        "typical_volume": 13511347.6,
        "trend": 19.505264,
        "fair_value": 13.207729,
        "relative_strength": -10.118381,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.595329,
        "energy": 65.077554,
        "activity_lines": [
          17.742715,
          18.235708,
          18.940508,
          19.235928
        ]
      },
      {
        "date": "2025-12-26",
        "close": 18.800722,
        "volume": 22370120,
        "typical_volume": 13534101.1,
        "trend": 19.45748,
        "fair_value": 13.240272,
        "relative_strength": -0.211101,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.661938,
        "energy": 53.931135,
        "activity_lines": [
          17.924567,
          18.274749,
          18.86397,
          19.190474
        ]
      },
      {
        "date": "2026-01-02",
        "close": 18.485977,
        "volume": 6273475,
        "typical_volume": 12756429.65,
        "trend": 19.371245,
        "fair_value": 13.27504,
        "relative_strength": -2.712625,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.511706,
        "energy": 49.010624,
        "activity_lines": [
          18.031813,
          18.272078,
          18.766716,
          19.127796
        ]
      },
      {
        "date": "2026-01-09",
        "close": 19.220379,
        "volume": 20022507,
        "typical_volume": 12801694.15,
        "trend": 19.353162,
        "fair_value": 13.320832,
        "relative_strength": -3.282995,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -36.090313,
        "energy": 21.824108,
        "activity_lines": [
          18.452404,
          18.418323,
          18.754259,
          19.118063
        ]
      },
      {
        "date": "2026-01-16",
        "close": 19.619055,
        "volume": 12910986,
        "typical_volume": 11946765.5,
        "trend": 19.393425,
        "fair_value": 13.360224,
        "relative_strength": -1.534645,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -18.004917,
        "energy": 16.121391,
        "activity_lines": [
          18.968584,
          18.628915,
          18.792228,
          19.135217
        ]
      },
      {
        "date": "2026-01-23",
        "close": 19.577091,
        "volume": 15207749,
        "typical_volume": 11881582.65,
        "trend": 19.411032,
        "fair_value": 13.391896,
        "relative_strength": -3.22186,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -14.960016,
        "energy": 17.311227,
        "activity_lines": [
          19.319699,
          18.808224,
          18.838624,
          19.147067
        ]
      },
      {
        "date": "2026-01-30",
        "close": 19.017546,
        "volume": 28885004,
        "typical_volume": 12655071.55,
        "trend": 19.411835,
        "fair_value": 13.423991,
        "relative_strength": -6.183026,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -8.801218,
        "energy": 14.146554,
        "activity_lines": [
          19.278666,
          18.866341,
          18.836026,
          19.12168
        ]
      },
      {
        "date": "2026-02-06",
        "close": 18.276148,
        "volume": 11215172,
        "typical_volume": 12638350.65,
        "trend": 19.378452,
        "fair_value": 13.450666,
        "relative_strength": -9.23308,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -20.936758,
        "energy": 12.756209,
        "activity_lines": [
          18.976046,
          18.793981,
          18.768814,
          19.04841
        ]
      },
      {
        "date": "2026-02-13",
        "close": 18.807714,
        "volume": 26631556,
        "typical_volume": 13380927.55,
        "trend": 19.383814,
        "fair_value": 13.478475,
        "relative_strength": -7.602411,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -15.771716,
        "energy": 7.014798,
        "activity_lines": [
          18.864602,
          18.840779,
          18.758389,
          19.011589
        ]
      },
      {
        "date": "2026-02-27",
        "close": 20.066692,
        "volume": 13949475,
        "typical_volume": 13839477.95,
        "trend": 19.434872,
        "fair_value": 13.519033,
        "relative_strength": -4.039174,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -1.416117,
        "energy": 2.751851,
        "activity_lines": [
          19.20033,
          19.113812,
          18.869765,
          19.055645
        ]
      },
      {
        "date": "2026-03-06",
        "close": 19.136448,
        "volume": 19256109,
        "typical_volume": 14388782.6,
        "trend": 19.436505,
        "fair_value": 13.547881,
        "relative_strength": -8.104325,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -14.141168,
        "energy": 7.208405,
        "activity_lines": [
          19.196133,
          19.168368,
          18.891914,
          19.036392
        ]
      },
      {
        "date": "2026-03-13",
        "close": 18.646845,
        "volume": 14906965,
        "typical_volume": 14290213.6,
        "trend": 19.366561,
        "fair_value": 13.579638,
        "relative_strength": -10.119776,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -29.094355,
        "energy": 12.933911,
        "activity_lines": [
          19.058111,
          19.085835,
          18.873195,
          18.985446
        ]
      },
      {
        "date": "2026-03-20",
        "close": 17.660646,
        "volume": 16846188,
        "typical_volume": 14737931.9,
        "trend": 19.235068,
        "fair_value": 13.608448,
        "relative_strength": -12.050234,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -42.762981,
        "energy": 17.694911,
        "activity_lines": [
          18.61607,
          18.82679,
          18.76535,
          18.875387
        ]
      },
      {
        "date": "2026-03-27",
        "close": 17.485788,
        "volume": 12304112,
        "typical_volume": 14792391.2,
        "trend": 19.090053,
        "fair_value": 13.636203,
        "relative_strength": -12.069369,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -53.994293,
        "energy": 34.828059,
        "activity_lines": [
          18.156776,
          18.55096,
          18.648811,
          18.76253
        ]
      },
      {
        "date": "2026-04-03",
        "close": 16.135887,
        "volume": 7462850,
        "typical_volume": 14792471.45,
        "trend": 18.886984,
        "fair_value": 13.657979,
        "relative_strength": -18.184822,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -68.689109,
        "energy": 60.450289,
        "activity_lines": [
          17.335644,
          18.06123,
          18.409838,
          18.571939
        ]
      },
      {
        "date": "2026-04-10",
        "close": 16.814335,
        "volume": 8267704,
        "typical_volume": 14773417.7,
        "trend": 18.764817,
        "fair_value": 13.689583,
        "relative_strength": -17.050201,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.030029,
        "energy": 61.992295,
        "activity_lines": [
          17.002715,
          17.758186,
          18.245872,
          18.43822
        ]
      },
      {
        "date": "2026-04-17",
        "close": 18.318113,
        "volume": 16150488,
        "typical_volume": 14766020.3,
        "trend": 18.699536,
        "fair_value": 13.729657,
        "relative_strength": -11.123481,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.326131,
        "energy": 51.49,
        "activity_lines": [
          17.325853,
          17.778787,
          18.233182,
          18.4094
        ]
      },
      {
        "date": "2026-04-24",
        "close": 17.492783,
        "volume": 19870959,
        "typical_volume": 15267530.1,
        "trend": 18.630293,
        "fair_value": 13.765878,
        "relative_strength": -15.606637,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.075576,
        "energy": 38.91385,
        "activity_lines": [
          17.395796,
          17.662046,
          18.146352,
          18.331545
        ]
      },
      {
        "date": "2026-05-01",
        "close": 17.038153,
        "volume": 13328103,
        "typical_volume": 15480380.7,
        "trend": 18.558018,
        "fair_value": 13.792468,
        "relative_strength": -18.026755,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.761686,
        "energy": 28.108129,
        "activity_lines": [
          17.325386,
          17.476887,
          18.02585,
          18.228826
        ]
      },
      {
        "date": "2026-05-08",
        "close": 17.639664,
        "volume": 12562202,
        "typical_volume": 15702574.2,
        "trend": 18.481547,
        "fair_value": 13.828728,
        "relative_strength": -16.057037,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -37.452791,
        "energy": 18.248145,
        "activity_lines": [
          17.485323,
          17.433268,
          17.970362,
          18.169578
        ]
      },
      {
        "date": "2026-05-15",
        "close": 16.282766,
        "volume": 16833254,
        "typical_volume": 15762748.9,
        "trend": 18.34609,
        "fair_value": 13.852915,
        "relative_strength": -21.071922,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.3549,
        "energy": 32.276616,
        "activity_lines": [
          17.092708,
          17.187068,
          17.78428,
          18.027721
        ]
      },
      {
        "date": "2026-05-22",
        "close": 17.010176,
        "volume": 19920303,
        "typical_volume": 15640258.05,
        "trend": 18.257962,
        "fair_value": 13.885106,
        "relative_strength": -16.498784,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -49.41405,
        "energy": 32.772855,
        "activity_lines": [
          16.978002,
          17.12501,
          17.668474,
          17.941533
        ]
      },
      {
        "date": "2026-05-29",
        "close": 14.492223,
        "volume": 15001543,
        "typical_volume": 16076661.45,
        "trend": 18.096626,
        "fair_value": 13.893606,
        "relative_strength": -27.35741,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.615227,
        "energy": 59.582204,
        "activity_lines": [
          16.111173,
          16.634899,
          17.321389,
          17.698582
        ]
      },
      {
        "date": "2026-06-05",
        "close": 15.436455,
        "volume": 9921792,
        "typical_volume": 15571625.7,
        "trend": 17.985417,
        "fair_value": 13.903814,
        "relative_strength": -21.155986,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.597883,
        "energy": 64.478523,
        "activity_lines": [
          15.759126,
          16.374075,
          17.08325,
          17.526958
        ]
      },
      {
        "date": "2026-06-12",
        "close": 15.506398,
        "volume": 17383332,
        "typical_volume": 15795243.0,
        "trend": 17.891693,
        "fair_value": 13.915808,
        "relative_strength": -20.121309,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.281902,
        "energy": 61.327839,
        "activity_lines": [
          15.537173,
          16.163228,
          16.86979,
          17.367021
        ]
      },
      {
        "date": "2026-06-19",
        "close": 15.170671,
        "volume": 10772449,
        "typical_volume": 15573478.0,
        "trend": 17.780483,
        "fair_value": 13.923978,
        "relative_strength": -22.312306,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.254722,
        "energy": 66.420037,
        "activity_lines": [
          15.345529,
          15.902785,
          16.64394,
          17.191472
        ]
      },
      {
        "date": "2026-06-26",
        "close": 14.156494,
        "volume": 17971844,
        "typical_volume": 15027820.0,
        "trend": 17.610521,
        "fair_value": 13.929858,
        "relative_strength": -25.780532,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.039703,
        "energy": 65.799732,
        "activity_lines": [
          14.889965,
          15.487831,
          16.342485,
          16.957666
        ]
      },
      {
        "date": "2026-07-03",
        "close": 14.030598,
        "volume": 14970834,
        "typical_volume": 15215603.1,
        "trend": 17.427737,
        "fair_value": 13.938272,
        "relative_strength": -26.110519,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.645902,
        "energy": 64.433516,
        "activity_lines": [
          14.582682,
          15.125653,
          16.052188,
          16.726703
        ]
      },
      {
        "date": "2026-07-10",
        "close": 12.708672,
        "volume": 16568312,
        "typical_volume": 14712440.9,
        "trend": 17.229331,
        "fair_value": 13.931195,
        "relative_strength": -31.635933,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -80.125502,
        "energy": 74.918388,
        "activity_lines": [
          13.865532,
          14.586073,
          15.65621,
          16.422247
        ]
      },
      {
        "date": "2026-07-17",
        "close": 11.743457,
        "volume": 13576443,
        "typical_volume": 14693789.3,
        "trend": 17.04235,
        "fair_value": 13.909352,
        "relative_strength": -32.270307,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -84.276293,
        "energy": 86.363013,
        "activity_lines": [
          13.008495,
          13.949718,
          15.197349,
          16.06832
        ]
      },
      {
        "date": "2026-07-24",
        "close": 10.967088,
        "volume": 14991407,
        "typical_volume": 14480554.2,
        "trend": 16.858166,
        "fair_value": 13.882576,
        "relative_strength": -36.945965,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -84.339285,
        "energy": 90.951739,
        "activity_lines": [
          12.143532,
          13.279408,
          14.704183,
          15.676367
        ]
      },
      {
        "date": "2026-07-31",
        "close": 11.855365,
        "volume": 15619164,
        "typical_volume": 14516164.15,
        "trend": 16.626654,
        "fair_value": 13.864375,
        "relative_strength": -31.564491,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.990854,
        "energy": 83.886485,
        "activity_lines": [
          11.854899,
          12.867252,
          14.334517,
          15.353606
        ]
      },
      {
        "date": "2026-08-07",
        "close": 13.18,
        "volume": 19846272,
        "typical_volume": 14666168.35,
        "trend": 16.449788,
        "fair_value": 13.859292,
        "relative_strength": -25.358782,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.344574,
        "energy": 71.360399,
        "activity_lines": [
          12.161221,
          12.789663,
          14.123347,
          15.131241
        ]
      }
    ],
    "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."
    }
  }
}