{
  "ticker": {
    "uuid": "1f4e6284-8279-4fc6-8405-aaedc7758655",
    "symbol": "603260",
    "name": "Hoshine Silicon Industry 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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -64.212,
    "architecture_energy": 78.587,
    "architecture_maturity": 21.498,
    "architecture_confidence": 83.205,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 19.52,
        "rotation_up": 8.27,
        "upward_expansion": 18.15,
        "deceleration": 37.02,
        "rotation_down": 75.86,
        "downward_expansion": 91.48
      },
      "activity_lines": [
        34.543333,
        37.962909,
        39.96081,
        41.511355
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 35.599998,
    "trend_reference": 44.153667,
    "distance_from_trend": -0.193725,
    "trend_direction": "Weakening",
    "fair_value": 50.72739,
    "distance_from_fair_value": -0.29821,
    "fair_value_direction": "Weakening",
    "relative_strength": -24.941878,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.283702,
    "excess_performance": -0.240498,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.193725,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.097517,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.29821,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.14599,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.249419,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.070838,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.283702,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.635776,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 65491997,
      "relative_activity": 1.201517,
      "balance": 0.635776,
      "dry_up": 1.223398,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.129624,
      "annualized_volatility": 0.505291,
      "from_high_reference": -0.47228,
      "from_low_reference": 0.126582
    },
    "levels": {
      "trend_reference": 44.153667,
      "fair_value_reference": 50.72739,
      "structural_low": 31.6,
      "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": 31,
        "median_return": -0.017955,
        "positive_rate": 0.419355,
        "directional_follow_through": 0.580645,
        "median_excess_return": -0.012889,
        "regime_survival": 0.806452,
        "best_return": 0.303882,
        "worst_return": -0.275816,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.102724,
        "positive_rate": 0.4,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.098329,
        "regime_survival": 0.6,
        "best_return": 0.680417,
        "worst_return": -0.235926,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.008966,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.068891,
        "regime_survival": 0.333333,
        "best_return": 0.283963,
        "worst_return": -0.267241,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.1528,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.216206,
        "regime_survival": 0.75,
        "best_return": 0.044074,
        "worst_return": -0.436974,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-09-27",
        "end": "2024-10-04",
        "tenure": "New",
        "return": 0.082012,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-11",
        "end": "2024-12-06",
        "tenure": "Developing",
        "return": 0.084209,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-12-13",
        "end": "2025-01-24",
        "tenure": "Developing",
        "return": -0.117557,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-01-31",
        "end": "2025-02-21",
        "tenure": "New",
        "return": 0.065268,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-28",
        "end": "2025-05-09",
        "tenure": "Developing",
        "return": -0.042648,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-16",
        "end": "2025-07-18",
        "tenure": "Developing",
        "return": -0.048009,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-25",
        "end": "2025-09-19",
        "tenure": "Developing",
        "return": -0.07696,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-09-26",
        "end": "2025-10-24",
        "tenure": "Developing",
        "return": -0.02422,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-10-31",
        "end": "2025-11-14",
        "tenure": "New",
        "return": 0.202542,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-11-21",
        "end": "2026-01-23",
        "tenure": "Developing",
        "return": -0.050035,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-30",
        "end": "2026-03-06",
        "tenure": "Developing",
        "return": -0.018914,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-13",
        "end": "2026-06-26",
        "tenure": "Established",
        "return": -0.029166,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-03",
        "end": "2026-07-17",
        "tenure": "New",
        "return": -0.244898,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.107999,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-07-28",
        "close": 69.090248,
        "volume": 11957635,
        "typical_volume": 15278716.75,
        "trend": 77.041041,
        "fair_value": 85.370318,
        "relative_strength": -24.023796,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.8178,
        "energy": 30.253085,
        "activity_lines": [
          69.03488,
          68.738318,
          69.652948,
          72.837307
        ]
      },
      {
        "date": "2023-08-04",
        "close": 69.109795,
        "volume": 11954502,
        "typical_volume": 15057155.65,
        "trend": 76.676458,
        "fair_value": 85.643854,
        "relative_strength": -23.83161,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.212837,
        "energy": 23.492867,
        "activity_lines": [
          69.147572,
          68.836561,
          69.396967,
          72.325613
        ]
      },
      {
        "date": "2023-08-11",
        "close": 65.983093,
        "volume": 10746368,
        "typical_volume": 14793546.15,
        "trend": 76.034252,
        "fair_value": 85.883336,
        "relative_strength": -24.580702,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.418362,
        "energy": 36.969209,
        "activity_lines": [
          68.171782,
          68.333269,
          68.893266,
          71.635719
        ]
      },
      {
        "date": "2023-08-18",
        "close": 61.380985,
        "volume": 11802595,
        "typical_volume": 14369516.85,
        "trend": 75.340624,
        "fair_value": 86.085736,
        "relative_strength": -27.854466,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.418368,
        "energy": 56.698977,
        "activity_lines": [
          65.716021,
          67.069088,
          68.019022,
          70.690347
        ]
      },
      {
        "date": "2023-08-25",
        "close": 59.602676,
        "volume": 10955313,
        "typical_volume": 14144346.0,
        "trend": 74.412709,
        "fair_value": 86.279829,
        "relative_strength": -27.323559,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -79.785388,
        "energy": 77.884235,
        "activity_lines": [
          63.253096,
          65.59048,
          67.064624,
          69.674995
        ]
      },
      {
        "date": "2023-09-01",
        "close": 60.618855,
        "volume": 10749218,
        "typical_volume": 13824342.9,
        "trend": 73.433737,
        "fair_value": 86.486199,
        "relative_strength": -26.705024,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.551777,
        "energy": 82.140961,
        "activity_lines": [
          61.781594,
          64.467711,
          66.301787,
          68.785069
        ]
      },
      {
        "date": "2023-09-08",
        "close": 59.993515,
        "volume": 10068607,
        "typical_volume": 13465602.1,
        "trend": 72.287221,
        "fair_value": 86.68771,
        "relative_strength": -26.204092,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.101219,
        "energy": 84.854999,
        "activity_lines": [
          60.666406,
          63.365551,
          65.566074,
          67.917958
        ]
      },
      {
        "date": "2023-09-15",
        "close": 60.394123,
        "volume": 9534724,
        "typical_volume": 13019015.95,
        "trend": 71.338076,
        "fair_value": 86.897735,
        "relative_strength": -24.834052,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.339976,
        "energy": 80.422902,
        "activity_lines": [
          60.292505,
          62.489365,
          64.94544,
          67.150661
        ]
      },
      {
        "date": "2023-09-22",
        "close": 60.04237,
        "volume": 10054105,
        "typical_volume": 13310618.35,
        "trend": 70.278763,
        "fair_value": 87.110235,
        "relative_strength": -24.376761,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.660022,
        "energy": 71.982086,
        "activity_lines": [
          60.173952,
          61.665587,
          64.340267,
          66.421906
        ]
      },
      {
        "date": "2023-09-29",
        "close": 59.026196,
        "volume": 8515063,
        "typical_volume": 12969208.85,
        "trend": 69.247989,
        "fair_value": 87.315555,
        "relative_strength": -24.231088,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.726117,
        "energy": 59.917493,
        "activity_lines": [
          59.805914,
          60.841099,
          63.681782,
          65.695934
        ]
      },
      {
        "date": "2023-10-13",
        "close": 57.677803,
        "volume": 12311548,
        "typical_volume": 12900199.5,
        "trend": 68.326044,
        "fair_value": 87.504103,
        "relative_strength": -24.366501,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.226301,
        "energy": 62.227108,
        "activity_lines": [
          59.026845,
          59.959939,
          62.936658,
          64.949471
        ]
      },
      {
        "date": "2023-10-20",
        "close": 53.974621,
        "volume": 10035817,
        "typical_volume": 12746296.65,
        "trend": 67.471111,
        "fair_value": 87.683652,
        "relative_strength": -25.755192,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -87.505489,
        "energy": 84.160055,
        "activity_lines": [
          57.209451,
          58.612971,
          61.888889,
          64.023572
        ]
      },
      {
        "date": "2023-10-27",
        "close": 54.756298,
        "volume": 11688043,
        "typical_volume": 12470879.35,
        "trend": 66.62261,
        "fair_value": 87.863299,
        "relative_strength": -24.383493,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.969702,
        "energy": 84.658384,
        "activity_lines": [
          56.053876,
          57.683312,
          60.978983,
          63.203262
        ]
      },
      {
        "date": "2023-11-03",
        "close": 55.772476,
        "volume": 11123797,
        "typical_volume": 11967981.15,
        "trend": 65.811198,
        "fair_value": 88.041877,
        "relative_strength": -22.220362,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.127989,
        "energy": 82.467299,
        "activity_lines": [
          55.612882,
          57.142536,
          60.239184,
          62.503253
        ]
      },
      {
        "date": "2023-11-10",
        "close": 56.016747,
        "volume": 12762011,
        "typical_volume": 11714145.3,
        "trend": 65.028196,
        "fair_value": 88.222386,
        "relative_strength": -21.193824,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.213345,
        "energy": 72.052027,
        "activity_lines": [
          55.537972,
          56.748146,
          59.577878,
          61.871353
        ]
      },
      {
        "date": "2023-11-17",
        "close": 53.349277,
        "volume": 15943354,
        "typical_volume": 11574061.35,
        "trend": 64.17912,
        "fair_value": 88.395257,
        "relative_strength": -24.345399,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.548403,
        "energy": 65.417784,
        "activity_lines": [
          54.774535,
          55.93396,
          58.72441,
          61.117875
        ]
      },
      {
        "date": "2023-11-24",
        "close": 50.711132,
        "volume": 13162898,
        "typical_volume": 11647056.45,
        "trend": 63.331219,
        "fair_value": 88.537813,
        "relative_strength": -26.875423,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -84.272462,
        "energy": 71.690698,
        "activity_lines": [
          53.420284,
          54.772285,
          57.689483,
          60.248972
        ]
      },
      {
        "date": "2023-12-01",
        "close": 48.629921,
        "volume": 12339560,
        "typical_volume": 11740331.3,
        "trend": 62.596352,
        "fair_value": 88.63779,
        "relative_strength": -28.800066,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -86.333337,
        "energy": 85.321985,
        "activity_lines": [
          51.589862,
          53.400979,
          56.540654,
          59.300501
        ]
      },
      {
        "date": "2023-12-08",
        "close": 48.219543,
        "volume": 18394376,
        "typical_volume": 11675445.3,
        "trend": 61.897993,
        "fair_value": 88.710935,
        "relative_strength": -27.171747,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -81.10597,
        "energy": 91.436661,
        "activity_lines": [
          50.031073,
          52.168953,
          55.439237,
          58.372965
        ]
      },
      {
        "date": "2023-12-15",
        "close": 45.092846,
        "volume": 15660498,
        "typical_volume": 11988001.6,
        "trend": 61.141092,
        "fair_value": 88.763977,
        "relative_strength": -30.517883,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -88.292342,
        "energy": 95.015856,
        "activity_lines": [
          47.93358,
          50.583398,
          54.144543,
          57.288762
        ]
      },
      {
        "date": "2023-12-22",
        "close": 46.089481,
        "volume": 19387285,
        "typical_volume": 12359484.1,
        "trend": 60.404544,
        "fair_value": 88.824074,
        "relative_strength": -27.381904,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.310715,
        "energy": 90.319169,
        "activity_lines": [
          46.896559,
          49.432382,
          53.060481,
          56.31769
        ]
      },
      {
        "date": "2023-12-29",
        "close": 49.831745,
        "volume": 24483277,
        "typical_volume": 12985922.85,
        "trend": 59.822523,
        "fair_value": 88.912649,
        "relative_strength": -22.313997,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.588544,
        "energy": 69.474084,
        "activity_lines": [
          47.590946,
          49.172475,
          52.442353,
          55.635574
        ]
      },
      {
        "date": "2024-01-05",
        "close": 48.024128,
        "volume": 19297808,
        "typical_volume": 13413494.85,
        "trend": 59.084818,
        "fair_value": 88.995399,
        "relative_strength": -23.247433,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.304808,
        "energy": 64.37479,
        "activity_lines": [
          47.74142,
          48.659235,
          51.743872,
          54.874388
        ]
      },
      {
        "date": "2024-01-12",
        "close": 49.431137,
        "volume": 17211230,
        "typical_volume": 13683926.6,
        "trend": 58.486837,
        "fair_value": 89.077524,
        "relative_strength": -19.066555,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.749312,
        "energy": 53.537927,
        "activity_lines": [
          48.401283,
          48.524219,
          51.26491,
          54.251569
        ]
      },
      {
        "date": "2024-01-19",
        "close": 48.903507,
        "volume": 19590377,
        "typical_volume": 14115679.8,
        "trend": 57.816551,
        "fair_value": 89.145348,
        "relative_strength": -17.799591,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.154091,
        "energy": 41.630055,
        "activity_lines": [
          48.804496,
          48.408566,
          50.792602,
          53.63329
        ]
      },
      {
        "date": "2024-01-26",
        "close": 47.789619,
        "volume": 19453964,
        "typical_volume": 14550917.1,
        "trend": 57.142682,
        "fair_value": 89.248856,
        "relative_strength": -21.151911,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.654612,
        "energy": 42.53537,
        "activity_lines": [
          48.582369,
          48.21972,
          50.265157,
          52.986391
        ]
      },
      {
        "date": "2024-02-02",
        "close": 42.669651,
        "volume": 16478063,
        "typical_volume": 14871389.9,
        "trend": 56.284469,
        "fair_value": 89.294189,
        "relative_strength": -24.175058,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -80.26356,
        "energy": 57.567146,
        "activity_lines": [
          46.540244,
          47.201056,
          49.311188,
          52.052647
        ]
      },
      {
        "date": "2024-02-09",
        "close": 45.982002,
        "volume": 16311119,
        "typical_volume": 15210209.65,
        "trend": 55.590733,
        "fair_value": 89.353779,
        "relative_strength": -21.312902,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.532743,
        "energy": 50.609524,
        "activity_lines": [
          46.079708,
          46.930845,
          48.755176,
          51.387972
        ]
      },
      {
        "date": "2024-02-23",
        "close": 47.486721,
        "volume": 10855575,
        "typical_volume": 15250283.15,
        "trend": 54.834788,
        "fair_value": 89.36715,
        "relative_strength": -21.523492,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.130655,
        "energy": 48.653553,
        "activity_lines": [
          46.256887,
          46.982365,
          48.411099,
          50.865133
        ]
      },
      {
        "date": "2024-03-01",
        "close": 54.385002,
        "volume": 21840330,
        "typical_volume": 15916546.5,
        "trend": 54.334517,
        "fair_value": 89.447124,
        "relative_strength": -9.955403,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -19.182278,
        "energy": 18.830881,
        "activity_lines": [
          48.863121,
          48.301441,
          48.783791,
          50.836114
        ]
      },
      {
        "date": "2024-03-08",
        "close": 51.697994,
        "volume": 17842090,
        "typical_volume": 16193073.6,
        "trend": 53.754775,
        "fair_value": 89.486702,
        "relative_strength": -14.015591,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -10.702865,
        "energy": 14.550473,
        "activity_lines": [
          50.208253,
          48.963021,
          48.922677,
          50.666016
        ]
      },
      {
        "date": "2024-03-15",
        "close": 52.479668,
        "volume": 15732133,
        "typical_volume": 16477889.4,
        "trend": 53.200438,
        "fair_value": 89.510121,
        "relative_strength": -12.118847,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -1.596025,
        "energy": 18.967,
        "activity_lines": [
          51.553384,
          49.664752,
          49.164485,
          50.583751
        ]
      },
      {
        "date": "2024-03-22",
        "close": 50.134647,
        "volume": 12137861,
        "typical_volume": 16500380.3,
        "trend": 52.672156,
        "fair_value": 89.514262,
        "relative_strength": -15.030497,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -4.718566,
        "energy": 20.631852,
        "activity_lines": [
          51.462841,
          49.891971,
          49.190075,
          50.385958
        ]
      },
      {
        "date": "2024-03-29",
        "close": 48.121834,
        "volume": 7548659,
        "typical_volume": 16321623.4,
        "trend": 52.230185,
        "fair_value": 89.540076,
        "relative_strength": -17.547398,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -16.384511,
        "energy": 13.438329,
        "activity_lines": [
          50.424517,
          49.714851,
          49.045977,
          50.092389
        ]
      },
      {
        "date": "2024-04-05",
        "close": 50.769756,
        "volume": 7375712,
        "typical_volume": 16052308.45,
        "trend": 51.935754,
        "fair_value": 89.585895,
        "relative_strength": -13.109247,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -7.493238,
        "energy": 6.326147,
        "activity_lines": [
          50.226492,
          50.042976,
          49.190494,
          49.998168
        ]
      },
      {
        "date": "2024-04-12",
        "close": 48.659233,
        "volume": 16378619,
        "typical_volume": 16074071.7,
        "trend": 51.5371,
        "fair_value": 89.601384,
        "relative_strength": -14.625931,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -29.660355,
        "energy": 16.849324,
        "activity_lines": [
          49.565977,
          49.953439,
          49.158994,
          49.786779
        ]
      },
      {
        "date": "2024-04-19",
        "close": 46.548714,
        "volume": 10295801,
        "typical_volume": 15930716.85,
        "trend": 51.08894,
        "fair_value": 89.600432,
        "relative_strength": -18.828814,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -44.245732,
        "energy": 26.193958,
        "activity_lines": [
          48.404539,
          49.464359,
          48.948826,
          49.464948
        ]
      },
      {
        "date": "2024-04-26",
        "close": 45.913605,
        "volume": 7124152,
        "typical_volume": 15669946.45,
        "trend": 50.606256,
        "fair_value": 89.629317,
        "relative_strength": -19.821335,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -47.827303,
        "energy": 33.090322,
        "activity_lines": [
          47.426795,
          48.789277,
          48.697993,
          49.131055
        ]
      },
      {
        "date": "2024-05-03",
        "close": 47.242447,
        "volume": 6176490,
        "typical_volume": 15059052.15,
        "trend": 50.179592,
        "fair_value": 89.664657,
        "relative_strength": -17.257176,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -49.770961,
        "energy": 39.655416,
        "activity_lines": [
          47.173401,
          48.357046,
          48.58665,
          48.914035
        ]
      },
      {
        "date": "2024-05-10",
        "close": 51.844559,
        "volume": 17939981,
        "typical_volume": 15173026.3,
        "trend": 49.940204,
        "fair_value": 89.726162,
        "relative_strength": -10.174138,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -25.938049,
        "energy": 16.490368,
        "activity_lines": [
          48.512671,
          48.766004,
          48.918257,
          49.021453
        ]
      },
      {
        "date": "2024-05-17",
        "close": 50.867466,
        "volume": 9826656,
        "typical_volume": 14694994.85,
        "trend": 49.713193,
        "fair_value": 89.792503,
        "relative_strength": -11.422725,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -9.030561,
        "energy": 5.041239,
        "activity_lines": [
          49.454589,
          49.043499,
          49.124657,
          49.081276
        ]
      },
      {
        "date": "2024-05-24",
        "close": 53.144093,
        "volume": 18145836,
        "typical_volume": 14378122.8,
        "trend": 49.685508,
        "fair_value": 89.801985,
        "relative_strength": -5.154328,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 32.495807,
        "energy": 26.841807,
        "activity_lines": [
          51.008167,
          49.750026,
          49.525125,
          49.302624
        ]
      },
      {
        "date": "2024-05-31",
        "close": 51.590511,
        "volume": 31658225,
        "typical_volume": 14996143.65,
        "trend": 49.579982,
        "fair_value": 89.770269,
        "relative_strength": -7.468039,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 24.589671,
        "energy": 34.982697,
        "activity_lines": [
          51.604193,
          50.162004,
          49.761861,
          49.425528
        ]
      },
      {
        "date": "2024-06-07",
        "close": 48.024128,
        "volume": 15942995,
        "typical_volume": 14932731.9,
        "trend": 49.321704,
        "fair_value": 89.716906,
        "relative_strength": -12.375675,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 38.129299,
        "energy": 34.289389,
        "activity_lines": [
          50.632964,
          49.899077,
          49.641958,
          49.32515
        ]
      },
      {
        "date": "2024-06-14",
        "close": 46.499859,
        "volume": 8522624,
        "typical_volume": 14379344.25,
        "trend": 49.004474,
        "fair_value": 89.671301,
        "relative_strength": -14.047495,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 3.594441,
        "energy": 2.558431,
        "activity_lines": [
          49.101533,
          49.360788,
          49.383587,
          49.143096
        ]
      },
      {
        "date": "2024-06-21",
        "close": 46.314213,
        "volume": 9573734,
        "typical_volume": 13885332.75,
        "trend": 48.769972,
        "fair_value": 89.60364,
        "relative_strength": -12.898538,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -19.77078,
        "energy": 19.853546,
        "activity_lines": [
          47.864533,
          48.866379,
          49.118981,
          48.96953
        ]
      },
      {
        "date": "2024-06-28",
        "close": 45.640015,
        "volume": 8822950,
        "typical_volume": 13502577.1,
        "trend": 48.600935,
        "fair_value": 89.50671,
        "relative_strength": -12.737866,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -24.75472,
        "energy": 29.34415,
        "activity_lines": [
          46.706351,
          48.292026,
          48.797191,
          48.767598
        ]
      },
      {
        "date": "2024-07-05",
        "close": 43.128887,
        "volume": 4820255,
        "typical_volume": 12928033.9,
        "trend": 48.417567,
        "fair_value": 89.410382,
        "relative_strength": -16.444881,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -73.703343,
        "energy": 68.406181,
        "activity_lines": [
          45.211399,
          47.277625,
          48.222102,
          48.414562
        ]
      },
      {
        "date": "2024-07-12",
        "close": 45.171013,
        "volume": 7012032,
        "typical_volume": 12735856.75,
        "trend": 48.315949,
        "fair_value": 89.301974,
        "relative_strength": -12.525175,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.430394,
        "energy": 65.676624,
        "activity_lines": [
          44.961263,
          46.685151,
          47.855087,
          48.205107
        ]
      },
      {
        "date": "2024-07-19",
        "close": 47.320618,
        "volume": 8065878,
        "typical_volume": 12047134.15,
        "trend": 48.390208,
        "fair_value": 89.189733,
        "relative_strength": -8.190024,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.590279,
        "energy": 54.209074,
        "activity_lines": [
          45.61787,
          46.521178,
          47.703824,
          48.140892
        ]
      },
      {
        "date": "2024-07-26",
        "close": 46.626881,
        "volume": 5729007,
        "typical_volume": 11441480.0,
        "trend": 48.408122,
        "fair_value": 89.094497,
        "relative_strength": -6.096337,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.778846,
        "energy": 35.228948,
        "activity_lines": [
          45.988514,
          46.313323,
          47.52013,
          48.027129
        ]
      },
      {
        "date": "2024-08-02",
        "close": 46.021084,
        "volume": 4557421,
        "typical_volume": 10882744.4,
        "trend": 48.2811,
        "fair_value": 88.912616,
        "relative_strength": -7.14643,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -40.839128,
        "energy": 23.313419,
        "activity_lines": [
          46.136381,
          46.072425,
          47.30289,
          47.873127
        ]
      },
      {
        "date": "2024-08-09",
        "close": 44.985363,
        "volume": 4641819,
        "typical_volume": 10507942.3,
        "trend": 48.179808,
        "fair_value": 88.712212,
        "relative_strength": -7.306531,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -46.903611,
        "energy": 25.373285,
        "activity_lines": [
          45.913603,
          45.772724,
          47.017765,
          47.660499
        ]
      },
      {
        "date": "2024-08-16",
        "close": 45.76704,
        "volume": 3949728,
        "typical_volume": 10327995.75,
        "trend": 48.057671,
        "fair_value": 88.472024,
        "relative_strength": -5.712435,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -39.847351,
        "energy": 24.573412,
        "activity_lines": [
          45.827619,
          45.735239,
          46.831605,
          47.504836
        ]
      },
      {
        "date": "2024-08-23",
        "close": 45.063084,
        "volume": 4770613,
        "typical_volume": 10197740.8,
        "trend": 47.929657,
        "fair_value": 88.124937,
        "relative_strength": -5.820925,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.581488,
        "energy": 35.978199,
        "activity_lines": [
          45.467248,
          45.6108,
          46.589616,
          47.311637
        ]
      },
      {
        "date": "2024-08-30",
        "close": 49.41571,
        "volume": 8517032,
        "typical_volume": 9804661.45,
        "trend": 47.98386,
        "fair_value": 87.803863,
        "relative_strength": 3.981284,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -17.505623,
        "energy": 10.284914,
        "activity_lines": [
          46.708254,
          46.303871,
          46.789337,
          47.407511
        ]
      },
      {
        "date": "2024-09-06",
        "close": 49.266987,
        "volume": 10260921,
        "typical_volume": 9802917.45,
        "trend": 48.203771,
        "fair_value": 87.498778,
        "relative_strength": 6.733473,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -10.259177,
        "energy": 14.213018,
        "activity_lines": [
          47.713765,
          46.913511,
          46.971291,
          47.490294
        ]
      },
      {
        "date": "2024-09-13",
        "close": 48.979458,
        "volume": 6312240,
        "typical_volume": 9762321.85,
        "trend": 48.303686,
        "fair_value": 87.035101,
        "relative_strength": 8.686903,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 16.985368,
        "energy": 23.14137,
        "activity_lines": [
          48.407038,
          47.404928,
          47.112918,
          47.540338
        ]
      },
      {
        "date": "2024-09-20",
        "close": 49.723072,
        "volume": 3630662,
        "typical_volume": 9635030.45,
        "trend": 48.378231,
        "fair_value": 86.451682,
        "relative_strength": 9.153834,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 25.45216,
        "energy": 34.114243,
        "activity_lines": [
          49.08191,
          47.925173,
          47.310766,
          47.631911
        ]
      },
      {
        "date": "2024-09-27",
        "close": 55.007698,
        "volume": 10247422,
        "typical_volume": 9250402.5,
        "trend": 48.398988,
        "fair_value": 85.418547,
        "relative_strength": 7.230841,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 49.63632,
        "energy": 65.734056,
        "activity_lines": [
          51.254589,
          49.323494,
          48.000099,
          48.059619
        ]
      },
      {
        "date": "2024-10-04",
        "close": 59.518963,
        "volume": 9939706,
        "typical_volume": 9256055.0,
        "trend": 48.659687,
        "fair_value": 84.452603,
        "relative_strength": 7.532708,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 94.841741,
        "energy": 92.278984,
        "activity_lines": [
          54.268048,
          51.402281,
          49.104013,
          48.777037
        ]
      },
      {
        "date": "2024-10-11",
        "close": 53.807999,
        "volume": 24598162,
        "typical_volume": 9578671.3,
        "trend": 48.703965,
        "fair_value": 83.425794,
        "relative_strength": 1.066804,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.488587,
        "energy": 77.43534,
        "activity_lines": [
          54.704303,
          52.208308,
          49.622829,
          49.109186
        ]
      },
      {
        "date": "2024-10-18",
        "close": 51.765533,
        "volume": 16879982,
        "typical_volume": 8839759.15,
        "trend": 48.758327,
        "fair_value": 82.436415,
        "relative_strength": -3.762126,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.931613,
        "energy": 70.182133,
        "activity_lines": [
          54.157001,
          52.501399,
          49.943963,
          49.306706
        ]
      },
      {
        "date": "2024-10-25",
        "close": 64.436737,
        "volume": 59194603,
        "typical_volume": 11002339.55,
        "trend": 49.302158,
        "fair_value": 81.5513,
        "relative_strength": 18.212775,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 89.102922,
        "energy": 80.707815,
        "activity_lines": [
          57.647696,
          54.975068,
          51.471044,
          50.318217
        ]
      },
      {
        "date": "2024-11-01",
        "close": 56.703136,
        "volume": 50929526,
        "typical_volume": 13122684.65,
        "trend": 49.499937,
        "fair_value": 80.820894,
        "relative_strength": 5.00486,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.752782,
        "energy": 48.613857,
        "activity_lines": [
          57.579613,
          55.703179,
          52.183437,
          50.795699
        ]
      },
      {
        "date": "2024-11-08",
        "close": 60.698833,
        "volume": 32543722,
        "typical_volume": 14271184.05,
        "trend": 49.901257,
        "fair_value": 80.192648,
        "relative_strength": 6.636204,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.234747,
        "energy": 53.50287,
        "activity_lines": [
          58.730399,
          56.946144,
          53.227786,
          51.518208
        ]
      },
      {
        "date": "2024-11-15",
        "close": 58.49773,
        "volume": 30165169,
        "typical_volume": 15338295.0,
        "trend": 50.299557,
        "fair_value": 79.53463,
        "relative_strength": 6.628521,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.283055,
        "energy": 50.220488,
        "activity_lines": [
          59.068826,
          57.58376,
          53.994007,
          52.07282
        ]
      },
      {
        "date": "2024-11-22",
        "close": 57.307945,
        "volume": 17974722,
        "typical_volume": 15996018.35,
        "trend": 50.679369,
        "fair_value": 78.814135,
        "relative_strength": 6.481955,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.253273,
        "energy": 40.410534,
        "activity_lines": [
          58.69801,
          57.83722,
          54.585688,
          52.524974
        ]
      },
      {
        "date": "2024-11-29",
        "close": 58.596878,
        "volume": 12593072,
        "typical_volume": 16275070.35,
        "trend": 51.05785,
        "fair_value": 78.185579,
        "relative_strength": 6.819973,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.676308,
        "energy": 39.353819,
        "activity_lines": [
          58.387344,
          58.173604,
          55.232606,
          53.035781
        ]
      },
      {
        "date": "2024-12-06",
        "close": 58.339092,
        "volume": 11295623,
        "typical_volume": 16436557.6,
        "trend": 51.274334,
        "fair_value": 77.631367,
        "relative_strength": 3.792239,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.929937,
        "energy": 33.248872,
        "activity_lines": [
          58.380073,
          58.301776,
          55.79104,
          53.505538
        ]
      },
      {
        "date": "2024-12-13",
        "close": 58.279602,
        "volume": 15971407,
        "typical_volume": 16948677.6,
        "trend": 51.521405,
        "fair_value": 76.987735,
        "relative_strength": 3.944979,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.056034,
        "energy": 26.792761,
        "activity_lines": [
          58.243909,
          58.358561,
          56.291339,
          53.957491
        ]
      },
      {
        "date": "2024-12-20",
        "close": 59.48922,
        "volume": 9726862,
        "typical_volume": 17207149.65,
        "trend": 51.73291,
        "fair_value": 76.369043,
        "relative_strength": 6.562547,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 53.667062,
        "energy": 31.910455,
        "activity_lines": [
          58.672232,
          58.65781,
          56.85135,
          54.471544
        ]
      },
      {
        "date": "2024-12-27",
        "close": 55.880207,
        "volume": 16848033,
        "typical_volume": 17817460.35,
        "trend": 51.875899,
        "fair_value": 75.794804,
        "relative_strength": -0.917993,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.12953,
        "energy": 22.935359,
        "activity_lines": [
          57.831452,
          58.197581,
          57.003513,
          54.739111
        ]
      },
      {
        "date": "2025-01-03",
        "close": 53.371746,
        "volume": 11961963,
        "typical_volume": 18218072.1,
        "trend": 52.054153,
        "fair_value": 75.279568,
        "relative_strength": 0.210423,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 24.177596,
        "energy": 13.527237,
        "activity_lines": [
          56.249701,
          57.206455,
          56.864894,
          54.835617
        ]
      },
      {
        "date": "2025-01-10",
        "close": 50.436939,
        "volume": 9327338,
        "typical_volume": 18445908.35,
        "trend": 52.185389,
        "fair_value": 74.71395,
        "relative_strength": -3.964473,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -6.457099,
        "energy": 15.628025,
        "activity_lines": [
          54.038023,
          55.882909,
          56.410556,
          54.731281
        ]
      },
      {
        "date": "2025-01-17",
        "close": 52.647957,
        "volume": 10818225,
        "typical_volume": 18560968.0,
        "trend": 52.396514,
        "fair_value": 74.216501,
        "relative_strength": -1.917339,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 1.062808,
        "energy": 20.334983,
        "activity_lines": [
          53.090161,
          55.075298,
          56.141202,
          54.761124
        ]
      },
      {
        "date": "2025-01-24",
        "close": 51.428429,
        "volume": 6836702,
        "typical_volume": 18389757.05,
        "trend": 52.589461,
        "fair_value": 73.769133,
        "relative_strength": -4.345923,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -25.200714,
        "energy": 46.700426,
        "activity_lines": [
          52.111233,
          54.192334,
          55.740311,
          54.698667
        ]
      },
      {
        "date": "2025-01-31",
        "close": 51.497833,
        "volume": 1070900,
        "typical_volume": 18127690.05,
        "trend": 52.868426,
        "fair_value": 73.294967,
        "relative_strength": -4.092595,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -27.499208,
        "energy": 56.189446,
        "activity_lines": [
          51.692825,
          53.450521,
          55.335737,
          54.628239
        ]
      },
      {
        "date": "2025-02-07",
        "close": 52.548809,
        "volume": 5634284,
        "typical_volume": 18227871.15,
        "trend": 53.114353,
        "fair_value": 72.927425,
        "relative_strength": -3.738337,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -24.095349,
        "energy": 47.512276,
        "activity_lines": [
          51.916901,
          53.005434,
          55.019264,
          54.607619
        ]
      },
      {
        "date": "2025-02-14",
        "close": 54.630932,
        "volume": 11882846,
        "typical_volume": 18309642.35,
        "trend": 53.35803,
        "fair_value": 72.563053,
        "relative_strength": -1.243805,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -18.458423,
        "energy": 20.646765,
        "activity_lines": [
          52.889881,
          53.048879,
          54.887632,
          54.705463
        ]
      },
      {
        "date": "2025-02-21",
        "close": 54.858974,
        "volume": 12468066,
        "typical_volume": 18436060.35,
        "trend": 53.632433,
        "fair_value": 72.260051,
        "relative_strength": -1.831393,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -9.906878,
        "energy": 8.885287,
        "activity_lines": [
          53.659275,
          53.201208,
          54.779513,
          54.802298
        ]
      },
      {
        "date": "2025-02-28",
        "close": 53.470894,
        "volume": 11706956,
        "typical_volume": 17791500.05,
        "trend": 53.88076,
        "fair_value": 71.962899,
        "relative_strength": -2.42632,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -6.530319,
        "energy": 10.324434,
        "activity_lines": [
          53.818574,
          53.163351,
          54.561386,
          54.791876
        ]
      },
      {
        "date": "2025-03-07",
        "close": 53.976547,
        "volume": 11266834,
        "typical_volume": 17510842.65,
        "trend": 54.180466,
        "fair_value": 71.650705,
        "relative_strength": -2.902538,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -3.004214,
        "energy": 10.521452,
        "activity_lines": [
          54.01026,
          53.326856,
          54.393022,
          54.798056
        ]
      },
      {
        "date": "2025-03-14",
        "close": 54.977955,
        "volume": 10144662,
        "typical_volume": 15058345.6,
        "trend": 54.487497,
        "fair_value": 71.326526,
        "relative_strength": -2.335235,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 2.54425,
        "energy": 8.727001,
        "activity_lines": [
          54.370502,
          53.707046,
          54.309501,
          54.849507
        ]
      },
      {
        "date": "2025-03-21",
        "close": 54.73008,
        "volume": 13245348,
        "typical_volume": 13174136.7,
        "trend": 54.80973,
        "fair_value": 70.789464,
        "relative_strength": -1.173044,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 2.227757,
        "energy": 6.350923,
        "activity_lines": [
          54.486175,
          54.012965,
          54.247415,
          54.865157
        ]
      },
      {
        "date": "2025-03-28",
        "close": 54.769741,
        "volume": 12609814,
        "typical_volume": 12177441.3,
        "trend": 54.988198,
        "fair_value": 70.322681,
        "relative_strength": -0.762541,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -13.962454,
        "energy": 11.201102,
        "activity_lines": [
          54.608459,
          54.248038,
          54.198502,
          54.862577
        ]
      },
      {
        "date": "2025-04-04",
        "close": 53.629532,
        "volume": 8833592,
        "typical_volume": 11110862.45,
        "trend": 55.133616,
        "fair_value": 69.848468,
        "relative_strength": -2.501867,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -21.535317,
        "energy": 12.375791,
        "activity_lines": [
          54.356621,
          54.237222,
          54.069231,
          54.774921
        ]
      },
      {
        "date": "2025-04-11",
        "close": 55.235737,
        "volume": 17117334,
        "typical_volume": 11067993.05,
        "trend": 55.342158,
        "fair_value": 69.427455,
        "relative_strength": 3.522503,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -11.484615,
        "energy": 7.88689,
        "activity_lines": [
          54.62961,
          54.478423,
          54.116114,
          54.78151
        ]
      },
      {
        "date": "2025-04-18",
        "close": 54.155018,
        "volume": 9211305,
        "typical_volume": 10898904.7,
        "trend": 55.48989,
        "fair_value": 69.065821,
        "relative_strength": 0.14762,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -16.142712,
        "energy": 7.760256,
        "activity_lines": [
          54.458413,
          54.455168,
          54.069939,
          54.70492
        ]
      },
      {
        "date": "2025-04-25",
        "close": 52.925575,
        "volume": 6151729,
        "typical_volume": 10641710.0,
        "trend": 55.420486,
        "fair_value": 68.777241,
        "relative_strength": -2.80597,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -39.344505,
        "energy": 19.138913,
        "activity_lines": [
          53.932264,
          54.179175,
          53.927826,
          54.53948
        ]
      },
      {
        "date": "2025-05-02",
        "close": 50.61541,
        "volume": 6306943,
        "typical_volume": 10158486.8,
        "trend": 55.123701,
        "fair_value": 68.509321,
        "relative_strength": -6.617978,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -62.710895,
        "energy": 43.62433,
        "activity_lines": [
          52.756361,
          53.514157,
          53.591476,
          54.229476
        ]
      },
      {
        "date": "2025-05-09",
        "close": 51.190472,
        "volume": 5796999,
        "typical_volume": 9961993.65,
        "trend": 55.03645,
        "fair_value": 68.274097,
        "relative_strength": -7.215836,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -59.722285,
        "energy": 54.599297,
        "activity_lines": [
          52.0491,
          53.030852,
          53.34639,
          53.975719
        ]
      },
      {
        "date": "2025-05-16",
        "close": 50.803795,
        "volume": 9833210,
        "typical_volume": 9611252.5,
        "trend": 55.004392,
        "fair_value": 68.0935,
        "relative_strength": -8.502014,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.063686,
        "energy": 62.488504,
        "activity_lines": [
          51.375551,
          52.518705,
          53.103995,
          53.702644
        ]
      },
      {
        "date": "2025-05-23",
        "close": 49.713158,
        "volume": 5202456,
        "typical_volume": 9273277.15,
        "trend": 54.513606,
        "fair_value": 67.928033,
        "relative_strength": -9.707481,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.988618,
        "energy": 71.092447,
        "activity_lines": [
          50.633919,
          51.865946,
          52.781904,
          53.361274
        ]
      },
      {
        "date": "2025-05-30",
        "close": 48.55312,
        "volume": 5659459,
        "typical_volume": 9089883.2,
        "trend": 54.241939,
        "fair_value": 67.771829,
        "relative_strength": -11.562647,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.196511,
        "energy": 73.794684,
        "activity_lines": [
          49.801731,
          51.097995,
          52.366754,
          52.976727
        ]
      },
      {
        "date": "2025-06-06",
        "close": 46.996483,
        "volume": 6927427,
        "typical_volume": 8895343.3,
        "trend": 53.785194,
        "fair_value": 67.570177,
        "relative_strength": -15.170909,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -81.143017,
        "energy": 80.447768,
        "activity_lines": [
          48.742162,
          50.159327,
          51.812324,
          52.509278
        ]
      },
      {
        "date": "2025-06-13",
        "close": 46.163635,
        "volume": 10940745,
        "typical_volume": 9100545.45,
        "trend": 53.374057,
        "fair_value": 67.275549,
        "relative_strength": -16.304311,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.447459,
        "energy": 83.882496,
        "activity_lines": [
          47.646239,
          49.210564,
          51.205487,
          52.017565
        ]
      },
      {
        "date": "2025-06-20",
        "close": 46.302441,
        "volume": 7902722,
        "typical_volume": 9442136.55,
        "trend": 53.007207,
        "fair_value": 67.005579,
        "relative_strength": -15.459474,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.02833,
        "energy": 83.672662,
        "activity_lines": [
          46.931706,
          48.422783,
          50.63694,
          51.561332
        ]
      },
      {
        "date": "2025-06-27",
        "close": 46.322273,
        "volume": 37698760,
        "typical_volume": 11045360.35,
        "trend": 52.598054,
        "fair_value": 66.723364,
        "relative_strength": -16.830456,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.473017,
        "energy": 79.175679,
        "activity_lines": [
          46.523875,
          47.80103,
          50.095022,
          51.130045
        ]
      },
      {
        "date": "2025-07-04",
        "close": 46.847759,
        "volume": 51898863,
        "typical_volume": 13046161.2,
        "trend": 52.215009,
        "fair_value": 66.335896,
        "relative_strength": -16.941123,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.851112,
        "energy": 61.894706,
        "activity_lines": [
          46.517264,
          47.417234,
          49.6328,
          50.759059
        ]
      },
      {
        "date": "2025-07-11",
        "close": 49.019115,
        "volume": 78517165,
        "typical_volume": 16348616.15,
        "trend": 51.906326,
        "fair_value": 65.848946,
        "relative_strength": -13.902586,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.438951,
        "energy": 47.076602,
        "activity_lines": [
          47.34813,
          47.538736,
          49.414436,
          50.552872
        ]
      },
      {
        "date": "2025-07-18",
        "close": 48.364735,
        "volume": 49818229,
        "typical_volume": 18254179.8,
        "trend": 51.53551,
        "fair_value": 65.390961,
        "relative_strength": -15.417149,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.941535,
        "energy": 33.989031,
        "activity_lines": [
          47.826027,
          47.570283,
          49.16156,
          50.324382
        ]
      },
      {
        "date": "2025-07-25",
        "close": 55.642246,
        "volume": 106460426,
        "typical_volume": 23013859.4,
        "trend": 51.527578,
        "fair_value": 64.992496,
        "relative_strength": -4.218645,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "down",
        "direction": 1.030021,
        "energy": 15.399416,
        "activity_lines": [
          50.58302,
          48.976392,
          49.626095,
          50.589333
        ]
      },
      {
        "date": "2025-08-01",
        "close": 52.628132,
        "volume": 54802119,
        "typical_volume": 25246732.25,
        "trend": 51.502791,
        "fair_value": 64.619006,
        "relative_strength": -8.43429,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 9.897481,
        "energy": 24.910165,
        "activity_lines": [
          51.712656,
          49.746507,
          49.79564,
          50.660336
        ]
      },
      {
        "date": "2025-08-08",
        "close": 52.360428,
        "volume": 26131329,
        "typical_volume": 25891031.3,
        "trend": 51.566907,
        "fair_value": 64.305048,
        "relative_strength": -10.644289,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 17.940942,
        "energy": 29.807093,
        "activity_lines": [
          52.332666,
          50.41495,
          49.950878,
          50.715668
        ]
      },
      {
        "date": "2025-08-15",
        "close": 52.419914,
        "volume": 36025661,
        "typical_volume": 27061823.65,
        "trend": 51.559306,
        "fair_value": 64.021105,
        "relative_strength": -11.854161,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 19.495138,
        "energy": 31.383807,
        "activity_lines": [
          52.604994,
          51.024984,
          50.123066,
          50.770701
        ]
      },
      {
        "date": "2025-08-22",
        "close": 52.540001,
        "volume": 26424510,
        "typical_volume": 27941369.55,
        "trend": 51.596358,
        "fair_value": 63.750554,
        "relative_strength": -14.420783,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 17.277041,
        "energy": 31.322167,
        "activity_lines": [
          52.69063,
          51.558245,
          50.317881,
          50.833971
        ]
      },
      {
        "date": "2025-08-29",
        "close": 52.73,
        "volume": 41407448,
        "typical_volume": 29155875.25,
        "trend": 51.63743,
        "fair_value": 63.395658,
        "relative_strength": -14.446229,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 18.359749,
        "energy": 20.615907,
        "activity_lines": [
          52.561249,
          52.010117,
          50.535978,
          50.907109
        ]
      },
      {
        "date": "2025-09-05",
        "close": 55.299999,
        "volume": 47720411,
        "typical_volume": 31081330.55,
        "trend": 51.729137,
        "fair_value": 62.905044,
        "relative_strength": -8.844708,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 30.360202,
        "energy": 26.529861,
        "activity_lines": [
          53.482684,
          52.812396,
          51.01077,
          51.143404
        ]
      },
      {
        "date": "2025-09-12",
        "close": 52.689999,
        "volume": 46815670,
        "typical_volume": 33114527.6,
        "trend": 51.664439,
        "fair_value": 62.437604,
        "relative_strength": -13.982504,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 25.080335,
        "energy": 21.977548,
        "activity_lines": [
          53.355994,
          52.976899,
          51.231538,
          51.205395
        ]
      },
      {
        "date": "2025-09-19",
        "close": 51.360001,
        "volume": 37885759,
        "typical_volume": 34693468.4,
        "trend": 51.547807,
        "fair_value": 62.030929,
        "relative_strength": -14.554706,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 11.602553,
        "energy": 12.763885,
        "activity_lines": [
          52.764,
          52.793362,
          51.326762,
          51.185754
        ]
      },
      {
        "date": "2025-09-26",
        "close": 48.720001,
        "volume": 30278096,
        "typical_volume": 35917523.25,
        "trend": 51.389443,
        "fair_value": 61.615249,
        "relative_strength": -18.610264,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -9.361317,
        "energy": 6.503514,
        "activity_lines": [
          51.362667,
          52.087263,
          51.167011,
          51.003315
        ]
      },
      {
        "date": "2025-10-03",
        "close": 49.450001,
        "volume": 10625896,
        "typical_volume": 35957157.55,
        "trend": 51.238559,
        "fair_value": 61.069875,
        "relative_strength": -18.039558,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -10.494629,
        "energy": 14.746592,
        "activity_lines": [
          50.459334,
          51.507432,
          51.088548,
          50.87819
        ]
      },
      {
        "date": "2025-10-10",
        "close": 49.560001,
        "volume": 12002129,
        "typical_volume": 36297141.2,
        "trend": 51.05796,
        "fair_value": 60.693236,
        "relative_strength": -17.749957,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -12.513871,
        "energy": 19.522192,
        "activity_lines": [
          49.811334,
          51.060187,
          51.027008,
          50.769896
        ]
      },
      {
        "date": "2025-10-17",
        "close": 48.549999,
        "volume": 26247673,
        "typical_volume": 37326551.9,
        "trend": 50.851957,
        "fair_value": 60.273683,
        "relative_strength": -17.894761,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -29.402541,
        "energy": 29.74996,
        "activity_lines": [
          49.209334,
          50.48509,
          50.870006,
          50.608092
        ]
      },
      {
        "date": "2025-10-24",
        "close": 47.540001,
        "volume": 17248465,
        "typical_volume": 37842603.8,
        "trend": 50.610966,
        "fair_value": 59.900675,
        "relative_strength": -21.114701,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -36.71904,
        "energy": 45.606114,
        "activity_lines": [
          48.546667,
          49.795637,
          50.616829,
          50.394417
        ]
      },
      {
        "date": "2025-10-31",
        "close": 49.57,
        "volume": 34129503,
        "typical_volume": 39002041.7,
        "trend": 50.475648,
        "fair_value": 59.477267,
        "relative_strength": -17.339676,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -27.576266,
        "energy": 36.446191,
        "activity_lines": [
          48.815334,
          49.564,
          50.554398,
          50.327258
        ]
      },
      {
        "date": "2025-11-07",
        "close": 54.849998,
        "volume": 52364153,
        "typical_volume": 41225113.25,
        "trend": 50.46279,
        "fair_value": 59.129589,
        "relative_strength": -9.06823,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 25.508839,
        "energy": 10.668587,
        "activity_lines": [
          50.787333,
          50.346364,
          50.978602,
          50.609474
        ]
      },
      {
        "date": "2025-11-14",
        "close": 59.610001,
        "volume": 200588310,
        "typical_volume": 49369590.75,
        "trend": 50.644623,
        "fair_value": 58.905718,
        "relative_strength": -0.669721,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "up",
        "direction": 73.095443,
        "energy": 57.052364,
        "activity_lines": [
          53.986,
          51.955636,
          51.815437,
          51.199617
        ]
      },
      {
        "date": "2025-11-21",
        "close": 56.759998,
        "volume": 185098572,
        "typical_volume": 56029576.2,
        "trend": 50.772437,
        "fair_value": 58.615756,
        "relative_strength": -1.235162,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.679507,
        "energy": 56.74283,
        "activity_lines": [
          55.564666,
          52.968363,
          52.317569,
          51.594157
        ]
      },
      {
        "date": "2025-11-28",
        "close": 56.299999,
        "volume": 101281391,
        "typical_volume": 57167787.5,
        "trend": 50.961923,
        "fair_value": 58.356067,
        "relative_strength": -2.998045,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.480419,
        "energy": 63.4683,
        "activity_lines": [
          56.442666,
          53.823454,
          52.72869,
          51.950774
        ]
      },
      {
        "date": "2025-12-05",
        "close": 53.82,
        "volume": 70742910,
        "typical_volume": 58214021.55,
        "trend": 51.049574,
        "fair_value": 58.098051,
        "relative_strength": -7.208363,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.090306,
        "energy": 62.700543,
        "activity_lines": [
          55.909999,
          54.137818,
          52.86895,
          52.135166
        ]
      },
      {
        "date": "2025-12-12",
        "close": 51.889999,
        "volume": 58427558,
        "typical_volume": 55812378.15,
        "trend": 51.085781,
        "fair_value": 57.866887,
        "relative_strength": -9.77786,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 47.276637,
        "energy": 28.703092,
        "activity_lines": [
          54.450666,
          54.008545,
          52.799422,
          52.189387
        ]
      },
      {
        "date": "2025-12-19",
        "close": 51.400002,
        "volume": 38492125,
        "typical_volume": 54996878.45,
        "trend": 51.142009,
        "fair_value": 57.632706,
        "relative_strength": -10.134983,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 25.646866,
        "energy": 13.454935,
        "activity_lines": [
          53.025333,
          53.745818,
          52.701096,
          52.209659
        ]
      },
      {
        "date": "2025-12-26",
        "close": 54.959999,
        "volume": 47973944,
        "typical_volume": 56089009.2,
        "trend": 51.355572,
        "fair_value": 57.360158,
        "relative_strength": -5.3682,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 34.111486,
        "energy": 18.914277,
        "activity_lines": [
          53.334,
          54.096909,
          52.947666,
          52.455981
        ]
      },
      {
        "date": "2026-01-02",
        "close": 52.700001,
        "volume": 26878510,
        "typical_volume": 55631651.65,
        "trend": 51.545689,
        "fair_value": 57.133073,
        "relative_strength": -8.978426,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 26.416553,
        "energy": 16.516121,
        "activity_lines": [
          53.009334,
          53.920545,
          52.966619,
          52.542719
        ]
      },
      {
        "date": "2026-01-09",
        "close": 55.0,
        "volume": 81698114,
        "typical_volume": 58395331.85,
        "trend": 51.840235,
        "fair_value": 56.961563,
        "relative_strength": -8.189631,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 35.368051,
        "energy": 15.277403,
        "activity_lines": [
          53.691334,
          54.068545,
          53.203286,
          52.765577
        ]
      },
      {
        "date": "2026-01-16",
        "close": 53.459999,
        "volume": 66732965,
        "typical_volume": 59661607.7,
        "trend": 52.07882,
        "fair_value": 56.791132,
        "relative_strength": -9.975652,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 31.452625,
        "energy": 16.239474,
        "activity_lines": [
          53.781333,
          53.837818,
          53.281571,
          52.870078
        ]
      },
      {
        "date": "2026-01-23",
        "close": 53.919998,
        "volume": 86101633,
        "typical_volume": 61580668.8,
        "trend": 52.332078,
        "fair_value": 56.590303,
        "relative_strength": -9.619754,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 40.56331,
        "energy": 17.7832,
        "activity_lines": [
          53.919999,
          53.716,
          53.40019,
          52.988864
        ]
      },
      {
        "date": "2026-01-30",
        "close": 49.700001,
        "volume": 74321552,
        "typical_volume": 62955962.9,
        "trend": 52.427152,
        "fair_value": 56.382035,
        "relative_strength": -15.901668,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 4.862031,
        "energy": 4.482907,
        "activity_lines": [
          52.484,
          52.930363,
          53.123476,
          52.819052
        ]
      },
      {
        "date": "2026-02-06",
        "close": 48.880001,
        "volume": 43687587,
        "typical_volume": 63246054.3,
        "trend": 52.422515,
        "fair_value": 56.134855,
        "relative_strength": -15.785654,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -20.351323,
        "energy": 21.667326,
        "activity_lines": [
          51.125333,
          52.124,
          52.782905,
          52.590204
        ]
      },
      {
        "date": "2026-02-13",
        "close": 47.98,
        "volume": 27071647,
        "typical_volume": 63085731.85,
        "trend": 52.409691,
        "fair_value": 55.865572,
        "relative_strength": -17.160239,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -52.425941,
        "energy": 50.87751,
        "activity_lines": [
          49.721333,
          51.288909,
          52.368428,
          52.30359
        ]
      },
      {
        "date": "2026-02-27",
        "close": 51.299999,
        "volume": 53335712,
        "typical_volume": 65221222.65,
        "trend": 52.264949,
        "fair_value": 55.589361,
        "relative_strength": -12.68451,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -27.16308,
        "energy": 43.634571,
        "activity_lines": [
          49.892,
          51.163636,
          52.273666,
          52.231997
        ]
      },
      {
        "date": "2026-03-06",
        "close": 48.759998,
        "volume": 45255908,
        "typical_volume": 66883911.6,
        "trend": 52.136011,
        "fair_value": 55.332255,
        "relative_strength": -15.738001,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -59.17369,
        "energy": 55.910901,
        "activity_lines": [
          49.359999,
          50.587272,
          51.92819,
          52.005871
        ]
      },
      {
        "date": "2026-03-13",
        "close": 49.029999,
        "volume": 42563887,
        "typical_volume": 67699722.3,
        "trend": 52.024997,
        "fair_value": 55.057949,
        "relative_strength": -14.202472,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.60635,
        "energy": 48.363766,
        "activity_lines": [
          49.261999,
          50.107999,
          51.612238,
          51.805483
        ]
      },
      {
        "date": "2026-03-20",
        "close": 44.599998,
        "volume": 39387846,
        "typical_volume": 68806691.35,
        "trend": 51.764333,
        "fair_value": 54.767248,
        "relative_strength": -18.686299,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.443692,
        "energy": 57.548104,
        "activity_lines": [
          47.731999,
          48.93109,
          50.872095,
          51.326451
        ]
      },
      {
        "date": "2026-03-27",
        "close": 42.139999,
        "volume": 42557660,
        "typical_volume": 69228099.2,
        "trend": 51.417666,
        "fair_value": 54.490349,
        "relative_strength": -21.723652,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.810345,
        "energy": 74.194311,
        "activity_lines": [
          45.667332,
          47.454181,
          49.911666,
          50.705526
        ]
      },
      {
        "date": "2026-04-03",
        "close": 39.110001,
        "volume": 27941241,
        "typical_volume": 68006953.6,
        "trend": 50.963666,
        "fair_value": 54.230653,
        "relative_strength": -26.075054,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -85.087982,
        "energy": 85.493926,
        "activity_lines": [
          42.981999,
          45.660181,
          48.698047,
          49.911483
        ]
      },
      {
        "date": "2026-04-10",
        "close": 42.560001,
        "volume": 47130381,
        "typical_volume": 60334057.15,
        "trend": 50.539,
        "fair_value": 53.989298,
        "relative_strength": -21.098079,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.874833,
        "energy": 78.945873,
        "activity_lines": [
          42.259333,
          44.754363,
          47.887952,
          49.369312
        ]
      },
      {
        "date": "2026-04-17",
        "close": 43.810001,
        "volume": 56660331,
        "typical_volume": 53912145.1,
        "trend": 50.243,
        "fair_value": 53.756575,
        "relative_strength": -19.372314,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.008631,
        "energy": 75.501882,
        "activity_lines": [
          42.366667,
          44.282364,
          47.278095,
          48.935183
        ]
      },
      {
        "date": "2026-04-24",
        "close": 44.790001,
        "volume": 46012412,
        "typical_volume": 51148696.15,
        "trend": 50.024,
        "fair_value": 53.534032,
        "relative_strength": -17.487525,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.118952,
        "energy": 53.588104,
        "activity_lines": [
          43.148668,
          44.095636,
          46.823238,
          48.583376
        ]
      },
      {
        "date": "2026-05-01",
        "close": 44.599998,
        "volume": 37170711,
        "typical_volume": 49470086.2,
        "trend": 49.886666,
        "fair_value": 53.314663,
        "relative_strength": -17.862832,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.378295,
        "energy": 37.970214,
        "activity_lines": [
          43.854667,
          43.948727,
          46.405095,
          48.233441
        ]
      },
      {
        "date": "2026-05-08",
        "close": 45.029999,
        "volume": 29129740,
        "typical_volume": 48005195.3,
        "trend": 49.739333,
        "fair_value": 53.115187,
        "relative_strength": -17.858079,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.67413,
        "energy": 27.625736,
        "activity_lines": [
          44.54,
          43.941454,
          46.071809,
          47.920107
        ]
      },
      {
        "date": "2026-05-15",
        "close": 42.490002,
        "volume": 54330539,
        "typical_volume": 48797116.0,
        "trend": 49.503666,
        "fair_value": 52.934508,
        "relative_strength": -21.072592,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.976597,
        "energy": 30.697775,
        "activity_lines": [
          43.984,
          43.586364,
          45.529286,
          47.452408
        ]
      },
      {
        "date": "2026-05-22",
        "close": 40.650002,
        "volume": 42549636,
        "typical_volume": 48525900.6,
        "trend": 49.240333,
        "fair_value": 52.751686,
        "relative_strength": -23.489501,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.165243,
        "energy": 42.768178,
        "activity_lines": [
          42.819334,
          43.010728,
          44.853952,
          46.881204
        ]
      },
      {
        "date": "2026-05-29",
        "close": 38.07,
        "volume": 47948524,
        "typical_volume": 49579401.3,
        "trend": 48.924666,
        "fair_value": 52.561109,
        "relative_strength": -26.967926,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.834744,
        "energy": 66.618382,
        "activity_lines": [
          41.005334,
          42.118364,
          44.001048,
          46.160538
        ]
      },
      {
        "date": "2026-06-05",
        "close": 37.34,
        "volume": 10642300,
        "typical_volume": 46026610.6,
        "trend": 48.517,
        "fair_value": 52.363379,
        "relative_strength": -27.069227,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.477721,
        "energy": 81.157848,
        "activity_lines": [
          39.396001,
          41.212,
          43.148286,
          45.41314
        ]
      },
      {
        "date": "2026-06-12",
        "close": 43.360001,
        "volume": 28987432,
        "typical_volume": 44139333.95,
        "trend": 48.134,
        "fair_value": 52.209966,
        "relative_strength": -14.988414,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.880847,
        "energy": 59.617625,
        "activity_lines": [
          40.277334,
          41.487455,
          42.952953,
          45.08043
        ]
      },
      {
        "date": "2026-06-19",
        "close": 48.400002,
        "volume": 168817452,
        "typical_volume": 48275124.9,
        "trend": 47.760333,
        "fair_value": 52.07051,
        "relative_strength": -6.212982,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -22.836787,
        "energy": 19.921151,
        "activity_lines": [
          42.950001,
          42.602001,
          43.285715,
          45.097592
        ]
      },
      {
        "date": "2026-06-26",
        "close": 47.599998,
        "volume": 32690930,
        "typical_volume": 46193593.8,
        "trend": 47.455,
        "fair_value": 51.943775,
        "relative_strength": -6.0344,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -11.764333,
        "energy": 14.472137,
        "activity_lines": [
          44.962,
          43.464909,
          43.568572,
          45.087247
        ]
      },
      {
        "date": "2026-07-03",
        "close": 45.57,
        "volume": 32568262,
        "typical_volume": 45637627.55,
        "trend": 47.097333,
        "fair_value": 51.793505,
        "relative_strength": -10.095713,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -8.570863,
        "energy": 22.337654,
        "activity_lines": [
          45.834,
          43.889818,
          43.668095,
          44.965634
        ]
      },
      {
        "date": "2026-07-10",
        "close": 40.779999,
        "volume": 118278695,
        "typical_volume": 50197979.95,
        "trend": 46.662667,
        "fair_value": 51.618982,
        "relative_strength": -18.177285,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -26.298419,
        "energy": 22.252008,
        "activity_lines": [
          44.609333,
          43.429636,
          43.327191,
          44.558065
        ]
      },
      {
        "date": "2026-07-17",
        "close": 34.41,
        "volume": 86823269,
        "typical_volume": 51872357.8,
        "trend": 46.08,
        "fair_value": 51.400994,
        "relative_strength": -26.153656,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -71.227069,
        "energy": 38.909383,
        "activity_lines": [
          41.032,
          41.880727,
          42.413905,
          43.76757
        ]
      },
      {
        "date": "2026-07-24",
        "close": 32.130001,
        "volume": 65404028,
        "typical_volume": 52879763.8,
        "trend": 45.437667,
        "fair_value": 51.178789,
        "relative_strength": -31.390759,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -79.259067,
        "energy": 77.266725,
        "activity_lines": [
          37.291333,
          40.110364,
          41.363905,
          42.86757
        ]
      },
      {
        "date": "2026-07-31",
        "close": 33.540001,
        "volume": 49019371,
        "typical_volume": 53202538.0,
        "trend": 44.723667,
        "fair_value": 50.944013,
        "relative_strength": -27.95792,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.019118,
        "energy": 80.744829,
        "activity_lines": [
          35.105334,
          38.784728,
          40.527381,
          42.099979
        ]
      },
      {
        "date": "2026-08-07",
        "close": 35.599998,
        "volume": 65491997,
        "typical_volume": 54507745.55,
        "trend": 44.153667,
        "fair_value": 50.72739,
        "relative_strength": -24.941878,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.21182,
        "energy": 78.586565,
        "activity_lines": [
          34.543333,
          37.962909,
          39.96081,
          41.511355
        ]
      }
    ],
    "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."
    }
  }
}