{
  "ticker": {
    "uuid": "208670ca-a346-4b0d-a50b-e6ee054470cd",
    "symbol": "6248",
    "name": "TMP Steel Corporation",
    "exchange": "TWO",
    "country": "TW",
    "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": "2026-08-14",
    "benchmark": "^TWII",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 87.516,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -63.242,
    "architecture_energy": 53.141,
    "architecture_maturity": 41.137,
    "architecture_confidence": 91.877,
    "architecture_tenure": "Developing",
    "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": 10.43,
        "rotation_up": 24.89,
        "upward_expansion": 8.4,
        "deceleration": 55.79,
        "rotation_down": 57.22,
        "downward_expansion": 84.07
      },
      "activity_lines": [
        17.753333,
        17.863636,
        18.220952,
        18.719355
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.833333
    },
    "latest_close": 18.200001,
    "trend_reference": 19.47,
    "distance_from_trend": -0.065229,
    "trend_direction": "Weakening",
    "fair_value": 23.932825,
    "distance_from_fair_value": -0.239538,
    "fair_value_direction": "Improving",
    "relative_strength": -35.355471,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.16129,
    "excess_performance": -0.602662,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.065229,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.022836,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.239538,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.001343,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.353555,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.060148,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.16129,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.193638,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 481557,
      "relative_activity": 0.866864,
      "balance": 1.193638,
      "dry_up": 0.677742,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.034446,
      "annualized_volatility": 0.176466,
      "from_high_reference": -0.21803,
      "from_low_reference": 0.070588
    },
    "levels": {
      "trend_reference": 19.47,
      "fair_value_reference": 23.932825,
      "structural_low": 17.0,
      "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": 26,
        "median_return": 0.000886,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.026113,
        "regime_survival": 0.807692,
        "best_return": 0.150134,
        "worst_return": -0.106965,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": -0.018957,
        "positive_rate": 0.444444,
        "directional_follow_through": 0.555556,
        "median_excess_return": -0.028223,
        "regime_survival": 0.555556,
        "best_return": 0.15942,
        "worst_return": -0.143133,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.050251,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.019624,
        "regime_survival": 0.333333,
        "best_return": 0.335238,
        "worst_return": -0.206358,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.062722,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.136437,
        "regime_survival": 0.333333,
        "best_return": 0.228172,
        "worst_return": -0.31191,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-06-02",
        "end": "2023-09-08",
        "tenure": "Established",
        "return": 0.002774,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-09-15",
        "end": "2023-10-06",
        "tenure": "New",
        "return": -0.027273,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-10-13",
        "end": "2023-12-08",
        "tenure": "Developing",
        "return": 0.049524,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2023-12-15",
        "end": "2024-01-19",
        "tenure": "Developing",
        "return": -0.019573,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-01-26",
        "end": "2024-05-24",
        "tenure": "Established",
        "return": 0.179126,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-05-31",
        "end": "2024-08-30",
        "tenure": "Established",
        "return": 0.033708,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-06",
        "end": "2024-11-01",
        "tenure": "Developing",
        "return": -0.080906,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-08",
        "end": "2025-02-28",
        "tenure": "Established",
        "return": -0.016835,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-07",
        "end": "2025-04-04",
        "tenure": "Developing",
        "return": -0.055556,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2026-01-16",
        "tenure": "Extended",
        "return": -0.063467,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-01-23",
        "end": "2026-03-20",
        "tenure": "Developing",
        "return": -0.040189,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-27",
        "end": "2026-04-17",
        "tenure": "New",
        "return": -0.02439,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-04-24",
        "end": "2026-06-05",
        "tenure": "Developing",
        "return": -0.038071,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-06-12",
        "end": "2026-08-14",
        "tenure": "Developing",
        "return": -0.00274,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-11",
        "close": 23.383936,
        "volume": 1763000,
        "typical_volume": 6679850.0,
        "trend": 22.990052,
        "fair_value": 18.222436,
        "relative_strength": 4.959771,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": -4.890953,
        "energy": 30.329713,
        "activity_lines": [
          23.556177,
          23.918176,
          24.338857,
          23.995283
        ]
      },
      {
        "date": "2023-08-18",
        "close": 24.040789,
        "volume": 3365000,
        "typical_volume": 6634900.0,
        "trend": 23.175082,
        "fair_value": 18.265601,
        "relative_strength": 8.916046,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 2.104503,
        "energy": 17.389089,
        "activity_lines": [
          23.670032,
          23.899864,
          24.28052,
          24.063072
        ]
      },
      {
        "date": "2023-08-25",
        "close": 23.953209,
        "volume": 1126000,
        "typical_volume": 6572750.0,
        "trend": 23.364057,
        "fair_value": 18.307397,
        "relative_strength": 7.417352,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 4.466446,
        "energy": 10.030859,
        "activity_lines": [
          23.783887,
          23.864036,
          24.203685,
          24.113274
        ]
      },
      {
        "date": "2023-09-01",
        "close": 24.128368,
        "volume": 1249000,
        "typical_volume": 4956600.0,
        "trend": 23.543772,
        "fair_value": 18.35072,
        "relative_strength": 6.700166,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 9.050722,
        "energy": 6.683872,
        "activity_lines": [
          23.929854,
          23.879959,
          24.136733,
          24.162585
        ]
      },
      {
        "date": "2023-09-08",
        "close": 23.909416,
        "volume": 1764000,
        "typical_volume": 4192500.0,
        "trend": 23.724424,
        "fair_value": 18.393244,
        "relative_strength": 5.759992,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 12.397785,
        "energy": 9.438248,
        "activity_lines": [
          23.959046,
          23.865628,
          24.07169,
          24.186175
        ]
      },
      {
        "date": "2023-09-15",
        "close": 24.084578,
        "volume": 1411000,
        "typical_volume": 3783950.0,
        "trend": 23.909541,
        "fair_value": 18.436286,
        "relative_strength": 3.994501,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -3.505419,
        "energy": 6.459879,
        "activity_lines": [
          24.026191,
          23.896679,
          24.036153,
          24.20941
        ]
      },
      {
        "date": "2023-09-22",
        "close": 23.778048,
        "volume": 872000,
        "typical_volume": 3529650.0,
        "trend": 24.054243,
        "fair_value": 18.474539,
        "relative_strength": 5.89879,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -7.502992,
        "energy": 6.199945,
        "activity_lines": [
          23.94445,
          23.881551,
          23.99008,
          24.200927
        ]
      },
      {
        "date": "2023-09-29",
        "close": 23.646675,
        "volume": 411000,
        "typical_volume": 2842850.0,
        "trend": 24.157503,
        "fair_value": 18.517327,
        "relative_strength": 4.878365,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -22.412308,
        "energy": 17.460449,
        "activity_lines": [
          23.836433,
          23.855277,
          23.950434,
          24.174632
        ]
      },
      {
        "date": "2023-10-06",
        "close": 23.427727,
        "volume": 431000,
        "typical_volume": 2502500.0,
        "trend": 24.23562,
        "fair_value": 18.557187,
        "relative_strength": 2.588939,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -55.247775,
        "energy": 37.675869,
        "activity_lines": [
          23.67587,
          23.787601,
          23.892833,
          24.12755
        ]
      },
      {
        "date": "2023-10-13",
        "close": 22.989824,
        "volume": 681000,
        "typical_volume": 2327450.0,
        "trend": 24.289532,
        "fair_value": 18.59794,
        "relative_strength": -1.110319,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.166406,
        "energy": 57.039763,
        "activity_lines": [
          23.416048,
          23.641103,
          23.796291,
          24.047176
        ]
      },
      {
        "date": "2023-10-20",
        "close": 22.070232,
        "volume": 1266000,
        "typical_volume": 2209400.0,
        "trend": 24.303182,
        "fair_value": 18.631927,
        "relative_strength": -3.146603,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -84.025568,
        "energy": 78.43392,
        "activity_lines": [
          22.911002,
          23.338553,
          23.616232,
          23.903995
        ]
      },
      {
        "date": "2023-10-27",
        "close": 22.770874,
        "volume": 512000,
        "typical_volume": 1985000.0,
        "trend": 24.331951,
        "fair_value": 18.670841,
        "relative_strength": 1.650292,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.518718,
        "energy": 72.525091,
        "activity_lines": [
          22.773793,
          23.187278,
          23.511344,
          23.805137
        ]
      },
      {
        "date": "2023-11-03",
        "close": 22.639503,
        "volume": 414000,
        "typical_volume": 1663200.0,
        "trend": 24.335751,
        "fair_value": 18.704996,
        "relative_strength": -1.272412,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.532978,
        "energy": 72.966148,
        "activity_lines": [
          22.659939,
          23.035207,
          23.399575,
          23.695946
        ]
      },
      {
        "date": "2023-11-10",
        "close": 22.727085,
        "volume": 383000,
        "typical_volume": 1588700.0,
        "trend": 24.129706,
        "fair_value": 18.744499,
        "relative_strength": -2.020073,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.15615,
        "energy": 67.242381,
        "activity_lines": [
          22.642423,
          22.922945,
          23.307616,
          23.592161
        ]
      },
      {
        "date": "2023-11-17",
        "close": 23.340145,
        "volume": 733000,
        "typical_volume": 1527650.0,
        "trend": 24.020966,
        "fair_value": 18.785322,
        "relative_strength": -2.673318,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.948129,
        "energy": 39.60327,
        "activity_lines": [
          22.87597,
          22.947627,
          23.283219,
          23.541222
        ]
      },
      {
        "date": "2023-11-24",
        "close": 23.734257,
        "volume": 2409000,
        "typical_volume": 1521400.0,
        "trend": 23.878693,
        "fair_value": 18.830629,
        "relative_strength": -1.747017,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -30.037446,
        "energy": 17.700152,
        "activity_lines": [
          23.217533,
          23.054316,
          23.302611,
          23.522725
        ]
      },
      {
        "date": "2023-12-01",
        "close": 23.821836,
        "volume": 1440000,
        "typical_volume": 1334350.0,
        "trend": 23.747575,
        "fair_value": 18.874756,
        "relative_strength": -2.523001,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -16.458045,
        "energy": 16.796067,
        "activity_lines": [
          23.477354,
          23.183297,
          23.334515,
          23.519056
        ]
      },
      {
        "date": "2023-12-08",
        "close": 24.128368,
        "volume": 2879000,
        "typical_volume": 1327000.0,
        "trend": 23.743351,
        "fair_value": 18.920631,
        "relative_strength": -1.200817,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 13.818505,
        "energy": 23.793527,
        "activity_lines": [
          23.769289,
          23.367216,
          23.398741,
          23.543624
        ]
      },
      {
        "date": "2023-12-15",
        "close": 24.61006,
        "volume": 4493000,
        "typical_volume": 1451500.0,
        "trend": 23.76342,
        "fair_value": 18.969594,
        "relative_strength": -1.105829,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 34.125145,
        "energy": 35.984777,
        "activity_lines": [
          24.122529,
          23.629957,
          23.506131,
          23.59954
        ]
      },
      {
        "date": "2023-12-22",
        "close": 24.785219,
        "volume": 6196000,
        "typical_volume": 1689900.0,
        "trend": 23.794818,
        "fair_value": 19.021855,
        "relative_strength": -0.123057,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 35.064819,
        "energy": 50.791614,
        "activity_lines": [
          24.408625,
          23.903048,
          23.624781,
          23.665463
        ]
      },
      {
        "date": "2023-12-29",
        "close": 24.653851,
        "volume": 2703000,
        "typical_volume": 1736900.0,
        "trend": 23.821837,
        "fair_value": 19.060437,
        "relative_strength": -2.597919,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 38.476826,
        "energy": 55.856113,
        "activity_lines": [
          24.554592,
          24.11961,
          23.72529,
          23.720884
        ]
      },
      {
        "date": "2024-01-05",
        "close": 24.347317,
        "volume": 796000,
        "typical_volume": 1608450.0,
        "trend": 23.834974,
        "fair_value": 19.105975,
        "relative_strength": -1.658386,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 33.308107,
        "energy": 48.029936,
        "activity_lines": [
          24.537076,
          24.233464,
          23.790558,
          23.754786
        ]
      },
      {
        "date": "2024-01-12",
        "close": 24.391109,
        "volume": 1443000,
        "typical_volume": 1624300.0,
        "trend": 23.813079,
        "fair_value": 19.150923,
        "relative_strength": -1.599929,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 29.990051,
        "energy": 30.585433,
        "activity_lines": [
          24.499124,
          24.326618,
          23.858537,
          23.790666
        ]
      },
      {
        "date": "2024-01-19",
        "close": 24.128368,
        "volume": 1104001,
        "typical_volume": 1617050.05,
        "trend": 23.795563,
        "fair_value": 19.191576,
        "relative_strength": -3.742008,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 52.285894,
        "energy": 30.992815,
        "activity_lines": [
          24.356077,
          24.340153,
          23.899408,
          23.811007
        ]
      },
      {
        "date": "2024-01-26",
        "close": 24.653851,
        "volume": 1351000,
        "typical_volume": 1596400.05,
        "trend": 23.795563,
        "fair_value": 19.226458,
        "relative_strength": -3.54971,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 49.411601,
        "energy": 28.613655,
        "activity_lines": [
          24.420303,
          24.423752,
          23.990325,
          23.866381
        ]
      },
      {
        "date": "2024-02-02",
        "close": 24.697639,
        "volume": 1378000,
        "typical_volume": 1594750.05,
        "trend": 23.798482,
        "fair_value": 19.267062,
        "relative_strength": -3.942357,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.996839,
        "energy": 33.059492,
        "activity_lines": [
          24.507883,
          24.491428,
          24.081867,
          23.924579
        ]
      },
      {
        "date": "2024-02-09",
        "close": 24.434898,
        "volume": 322000,
        "typical_volume": 1567250.05,
        "trend": 23.797023,
        "fair_value": 19.309244,
        "relative_strength": -5.363728,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 50.035975,
        "energy": 29.256971,
        "activity_lines": [
          24.504963,
          24.493816,
          24.145467,
          23.965638
        ]
      },
      {
        "date": "2024-02-16",
        "close": 25.310701,
        "volume": 2432000,
        "typical_volume": 1668300.05,
        "trend": 23.85541,
        "fair_value": 19.360087,
        "relative_strength": -4.873951,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.08452,
        "energy": 52.282483,
        "activity_lines": [
          24.788139,
          24.644295,
          24.289349,
          24.063295
        ]
      },
      {
        "date": "2024-02-23",
        "close": 25.442072,
        "volume": 2769000,
        "typical_volume": 1785200.05,
        "trend": 23.921095,
        "fair_value": 19.415689,
        "relative_strength": -5.925369,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.281325,
        "energy": 65.90514,
        "activity_lines": [
          25.053799,
          24.797163,
          24.437818,
          24.16566
        ]
      },
      {
        "date": "2024-03-01",
        "close": 28.11327,
        "volume": 11563000,
        "typical_volume": 2329300.05,
        "trend": 24.071441,
        "fair_value": 19.484497,
        "relative_strength": 3.461428,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 93.489649,
        "energy": 88.769168,
        "activity_lines": [
          26.122278,
          25.420575,
          24.831095,
          24.436123
        ]
      },
      {
        "date": "2024-03-08",
        "close": 28.463593,
        "volume": 8834000,
        "typical_volume": 2707700.05,
        "trend": 24.240763,
        "fair_value": 19.555768,
        "relative_strength": 0.145457,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 92.282887,
        "energy": 96.104741,
        "activity_lines": [
          27.076904,
          26.047172,
          25.233339,
          24.719488
        ]
      },
      {
        "date": "2024-03-15",
        "close": 28.463593,
        "volume": 5404000,
        "typical_volume": 2952300.05,
        "trend": 24.38819,
        "fair_value": 19.625082,
        "relative_strength": 0.583686,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.417378,
        "energy": 94.107293,
        "activity_lines": [
          27.780466,
          26.604501,
          25.605138,
          24.991928
        ]
      },
      {
        "date": "2024-03-22",
        "close": 28.682541,
        "volume": 1873000,
        "typical_volume": 3025250.05,
        "trend": 24.545834,
        "fair_value": 19.69471,
        "relative_strength": -1.453036,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.316371,
        "energy": 92.938054,
        "activity_lines": [
          28.288431,
          27.126798,
          25.970682,
          25.268983
        ]
      },
      {
        "date": "2024-03-29",
        "close": 29.383183,
        "volume": 4130000,
        "typical_volume": 3212600.05,
        "trend": 24.720994,
        "fair_value": 19.770789,
        "relative_strength": 0.53548,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.465514,
        "energy": 93.806377,
        "activity_lines": [
          28.805154,
          27.698458,
          26.374176,
          25.58107
        ]
      },
      {
        "date": "2024-04-05",
        "close": 29.514557,
        "volume": 2370000,
        "typical_volume": 3294450.05,
        "trend": 24.907832,
        "fair_value": 19.847491,
        "relative_strength": 0.731911,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.44832,
        "energy": 91.152577,
        "activity_lines": [
          29.102928,
          28.198462,
          26.758487,
          25.890332
        ]
      },
      {
        "date": "2024-04-12",
        "close": 30.696888,
        "volume": 5067000,
        "typical_volume": 3427350.05,
        "trend": 25.128243,
        "fair_value": 19.925681,
        "relative_strength": 3.212223,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 89.236499,
        "energy": 87.533922,
        "activity_lines": [
          29.701393,
          28.825059,
          27.225999,
          26.26382
        ]
      },
      {
        "date": "2024-04-19",
        "close": 31.791641,
        "volume": 8024000,
        "typical_volume": 3756550.05,
        "trend": 25.395363,
        "fair_value": 20.006754,
        "relative_strength": 13.630878,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 91.570904,
        "energy": 76.490915,
        "activity_lines": [
          30.515889,
          29.541625,
          27.764617,
          26.693717
        ]
      },
      {
        "date": "2024-04-26",
        "close": 30.784472,
        "volume": 6837000,
        "typical_volume": 3954450.05,
        "trend": 25.633289,
        "fair_value": 20.075713,
        "relative_strength": 7.170676,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.645594,
        "energy": 68.287972,
        "activity_lines": [
          30.772792,
          29.94131,
          28.169364,
          27.041401
        ]
      },
      {
        "date": "2024-05-03",
        "close": 30.91584,
        "volume": 2604000,
        "typical_volume": 3860000.05,
        "trend": 25.882893,
        "fair_value": 20.135723,
        "relative_strength": 6.885212,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.996621,
        "energy": 67.584458,
        "activity_lines": [
          30.933356,
          30.265357,
          28.554926,
          27.382211
        ]
      },
      {
        "date": "2024-05-10",
        "close": 31.660275,
        "volume": 3650000,
        "typical_volume": 3732700.05,
        "trend": 26.171908,
        "fair_value": 20.21269,
        "relative_strength": 7.510227,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.766778,
        "energy": 69.666755,
        "activity_lines": [
          31.239888,
          30.625233,
          28.981358,
          27.754945
        ]
      },
      {
        "date": "2024-05-17",
        "close": 30.040037,
        "volume": 6215000,
        "typical_volume": 3908300.05,
        "trend": 26.437568,
        "fair_value": 20.29559,
        "relative_strength": -0.533324,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.557524,
        "energy": 58.711312,
        "activity_lines": [
          30.863293,
          30.626029,
          29.220745,
          28.004502
        ]
      },
      {
        "date": "2024-05-24",
        "close": 29.070002,
        "volume": 6629000,
        "typical_volume": 4199950.05,
        "trend": 26.647539,
        "fair_value": 20.385762,
        "relative_strength": -4.990676,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.410159,
        "energy": 41.059052,
        "activity_lines": [
          30.207142,
          30.421793,
          29.342098,
          28.174336
        ]
      },
      {
        "date": "2024-05-31",
        "close": 28.884546,
        "volume": 1901000,
        "typical_volume": 4222850.05,
        "trend": 26.855707,
        "fair_value": 20.475398,
        "relative_strength": -3.770845,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.902026,
        "energy": 29.989939,
        "activity_lines": [
          29.670616,
          30.172811,
          29.4233,
          28.318659
        ]
      },
      {
        "date": "2024-06-07",
        "close": 28.745455,
        "volume": 1864000,
        "typical_volume": 4260850.0,
        "trend": 27.056319,
        "fair_value": 20.557615,
        "relative_strength": -7.101339,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.686723,
        "energy": 30.725974,
        "activity_lines": [
          29.214388,
          29.894868,
          29.469857,
          28.440579
        ]
      },
      {
        "date": "2024-06-14",
        "close": 28.003637,
        "volume": 1583000,
        "typical_volume": 4272450.0,
        "trend": 27.211769,
        "fair_value": 20.630072,
        "relative_strength": -11.853124,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 12.436206,
        "energy": 25.556005,
        "activity_lines": [
          28.655579,
          29.493643,
          29.42378,
          28.501696
        ]
      },
      {
        "date": "2024-06-21",
        "close": 28.189091,
        "volume": 2811000,
        "typical_volume": 4344100.0,
        "trend": 27.360264,
        "fair_value": 20.706547,
        "relative_strength": -13.866954,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 1.697072,
        "energy": 21.574266,
        "activity_lines": [
          28.402364,
          29.153609,
          29.379413,
          28.564749
        ]
      },
      {
        "date": "2024-06-28",
        "close": 28.142729,
        "volume": 1192000,
        "typical_volume": 4387600.0,
        "trend": 27.504293,
        "fair_value": 20.785771,
        "relative_strength": -12.902618,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -1.654543,
        "energy": 23.59046,
        "activity_lines": [
          28.257092,
          28.850742,
          29.314005,
          28.61523
        ]
      },
      {
        "date": "2024-07-05",
        "close": 28.606365,
        "volume": 1508000,
        "typical_volume": 4341400.0,
        "trend": 27.65356,
        "fair_value": 20.864267,
        "relative_strength": -13.125806,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 1.115399,
        "energy": 20.324498,
        "activity_lines": [
          28.328183,
          28.698516,
          29.275096,
          28.686332
        ]
      },
      {
        "date": "2024-07-12",
        "close": 28.652727,
        "volume": 1522000,
        "typical_volume": 4279050.0,
        "trend": 27.788316,
        "fair_value": 20.92152,
        "relative_strength": -14.037867,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 3.26981,
        "energy": 14.958744,
        "activity_lines": [
          28.433273,
          28.594321,
          29.224909,
          28.750794
        ]
      },
      {
        "date": "2024-07-19",
        "close": 28.42091,
        "volume": 1177000,
        "typical_volume": 3759750.0,
        "trend": 27.909505,
        "fair_value": 20.988819,
        "relative_strength": -10.653865,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 1.494827,
        "energy": 11.076709,
        "activity_lines": [
          28.467273,
          28.489125,
          29.137356,
          28.791607
        ]
      },
      {
        "date": "2024-07-26",
        "close": 28.606365,
        "volume": 1019000,
        "typical_volume": 3369000.0,
        "trend": 28.041256,
        "fair_value": 21.0597,
        "relative_strength": -6.939057,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 14.701401,
        "energy": 11.844847,
        "activity_lines": [
          28.535274,
          28.476546,
          29.066,
          28.836565
        ]
      },
      {
        "date": "2024-08-02",
        "close": 28.93091,
        "volume": 1470000,
        "typical_volume": 3172300.0,
        "trend": 28.194042,
        "fair_value": 21.136796,
        "relative_strength": -3.704964,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.829924,
        "energy": 12.342353,
        "activity_lines": [
          28.683637,
          28.549042,
          29.024873,
          28.893962
        ]
      },
      {
        "date": "2024-08-09",
        "close": 29.070002,
        "volume": 2601000,
        "typical_volume": 3208700.0,
        "trend": 28.350005,
        "fair_value": 21.215218,
        "relative_strength": -2.406244,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.303923,
        "energy": 14.391507,
        "activity_lines": [
          28.825819,
          28.649356,
          28.994767,
          28.950476
        ]
      },
      {
        "date": "2024-08-16",
        "close": 29.162727,
        "volume": 3434000,
        "typical_volume": 3173900.0,
        "trend": 28.517817,
        "fair_value": 21.290501,
        "relative_strength": -5.738792,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 23.860368,
        "energy": 16.440146,
        "activity_lines": [
          28.968001,
          28.763158,
          28.971648,
          29.00291
        ]
      },
      {
        "date": "2024-08-23",
        "close": 29.348183,
        "volume": 2092000,
        "typical_volume": 3160000.0,
        "trend": 28.674295,
        "fair_value": 21.373094,
        "relative_strength": -4.14891,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 30.378655,
        "energy": 21.621647,
        "activity_lines": [
          29.138001,
          28.903092,
          28.967241,
          29.056482
        ]
      },
      {
        "date": "2024-08-30",
        "close": 29.858183,
        "volume": 1955000,
        "typical_volume": 3004400.0,
        "trend": 28.846313,
        "fair_value": 21.465813,
        "relative_strength": -2.818066,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 51.675088,
        "energy": 32.792511,
        "activity_lines": [
          29.416183,
          29.111307,
          29.012197,
          29.132862
        ]
      },
      {
        "date": "2024-09-06",
        "close": 28.652727,
        "volume": 1182000,
        "typical_volume": 2662300.0,
        "trend": 28.986907,
        "fair_value": 21.546152,
        "relative_strength": -2.974915,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 11.303346,
        "energy": 12.591402,
        "activity_lines": [
          29.209091,
          29.070001,
          28.946342,
          29.120372
        ]
      },
      {
        "date": "2024-09-13",
        "close": 29.719091,
        "volume": 2627000,
        "typical_volume": 2451800.0,
        "trend": 29.133854,
        "fair_value": 21.636999,
        "relative_strength": -0.784813,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 28.002126,
        "energy": 23.512807,
        "activity_lines": [
          29.376,
          29.213306,
          28.996993,
          29.16761
        ]
      },
      {
        "date": "2024-09-20",
        "close": 29.858183,
        "volume": 1889000,
        "typical_volume": 2416050.0,
        "trend": 29.281057,
        "fair_value": 21.727024,
        "relative_strength": -1.971694,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 20.068517,
        "energy": 25.012513,
        "activity_lines": [
          29.546001,
          29.36167,
          29.065963,
          29.214341
        ]
      },
      {
        "date": "2024-09-27",
        "close": 30.095427,
        "volume": 4462604,
        "typical_volume": 2456680.2,
        "trend": 29.347129,
        "fair_value": 21.820284,
        "relative_strength": -3.893571,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 20.805185,
        "energy": 20.093023,
        "activity_lines": [
          29.748718,
          29.531252,
          29.162565,
          29.266881
        ]
      },
      {
        "date": "2024-10-04",
        "close": 28.791819,
        "volume": 4650097,
        "typical_volume": 2378435.05,
        "trend": 29.35807,
        "fair_value": 21.905188,
        "relative_strength": -5.744506,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 2.378443,
        "energy": 8.231061,
        "activity_lines": [
          29.467084,
          29.433368,
          29.142466,
          29.231054
        ]
      },
      {
        "date": "2024-10-11",
        "close": 28.235456,
        "volume": 2521000,
        "typical_volume": 2173035.05,
        "trend": 29.350466,
        "fair_value": 21.979424,
        "relative_strength": -9.809787,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -40.691944,
        "energy": 16.450235,
        "activity_lines": [
          29.071086,
          29.230955,
          29.075323,
          29.158627
        ]
      },
      {
        "date": "2024-10-18",
        "close": 28.467274,
        "volume": 3685000,
        "typical_volume": 2262235.05,
        "trend": 29.34329,
        "fair_value": 22.056615,
        "relative_strength": -11.17364,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -37.017571,
        "energy": 21.180095,
        "activity_lines": [
          28.780179,
          29.083336,
          29.034232,
          29.101647
        ]
      },
      {
        "date": "2024-10-25",
        "close": 28.142729,
        "volume": 2211000,
        "typical_volume": 2279585.05,
        "trend": 29.301942,
        "fair_value": 22.136868,
        "relative_strength": -11.407037,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -53.542933,
        "energy": 33.778684,
        "activity_lines": [
          28.464545,
          28.887667,
          28.96422,
          29.024192
        ]
      },
      {
        "date": "2024-11-01",
        "close": 26.334545,
        "volume": 4758000,
        "typical_volume": 2438335.05,
        "trend": 29.195941,
        "fair_value": 22.204061,
        "relative_strength": -14.771266,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -74.608667,
        "energy": 64.298624,
        "activity_lines": [
          27.660546,
          28.381783,
          28.724869,
          28.832747
        ]
      },
      {
        "date": "2024-11-08",
        "close": 27.540001,
        "volume": 3979000,
        "typical_volume": 2496735.05,
        "trend": 29.090712,
        "fair_value": 22.279961,
        "relative_strength": -13.561488,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.120378,
        "energy": 64.63457,
        "activity_lines": [
          27.509092,
          28.149867,
          28.608272,
          28.725912
        ]
      },
      {
        "date": "2024-11-15",
        "close": 26.659092,
        "volume": 3585000,
        "typical_volume": 2616385.05,
        "trend": 28.919627,
        "fair_value": 22.347765,
        "relative_strength": -13.114754,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.118001,
        "energy": 70.460823,
        "activity_lines": [
          27.147455,
          27.799933,
          28.410869,
          28.569033
        ]
      },
      {
        "date": "2024-11-22",
        "close": 26.380911,
        "volume": 1486120,
        "typical_volume": 2615291.05,
        "trend": 28.772841,
        "fair_value": 22.413786,
        "relative_strength": -14.357863,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.473753,
        "energy": 72.930291,
        "activity_lines": [
          26.798183,
          27.43567,
          28.194038,
          28.405245
        ]
      },
      {
        "date": "2024-11-29",
        "close": 26.241817,
        "volume": 1212000,
        "typical_volume": 2599791.05,
        "trend": 28.617041,
        "fair_value": 22.47916,
        "relative_strength": -12.11801,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.23971,
        "energy": 68.589578,
        "activity_lines": [
          26.541637,
          27.10681,
          27.974558,
          28.241953
        ]
      },
      {
        "date": "2024-12-06",
        "close": 26.52,
        "volume": 1016000,
        "typical_volume": 2591741.05,
        "trend": 28.445698,
        "fair_value": 22.547786,
        "relative_strength": -14.450641,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.022684,
        "energy": 64.400348,
        "activity_lines": [
          26.504546,
          26.894282,
          27.793051,
          28.10666
        ]
      },
      {
        "date": "2024-12-13",
        "close": 25.870909,
        "volume": 1681000,
        "typical_volume": 2624841.05,
        "trend": 28.306727,
        "fair_value": 22.612987,
        "relative_strength": -15.591853,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.201417,
        "energy": 70.282464,
        "activity_lines": [
          26.238727,
          26.628744,
          27.558779,
          27.940545
        ]
      },
      {
        "date": "2024-12-20",
        "close": 25.082727,
        "volume": 1640000,
        "typical_volume": 2633341.05,
        "trend": 28.173818,
        "fair_value": 22.669217,
        "relative_strength": -15.951268,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.705271,
        "energy": 75.746182,
        "activity_lines": [
          25.821454,
          26.273008,
          27.262467,
          27.732545
        ]
      },
      {
        "date": "2024-12-27",
        "close": 25.221819,
        "volume": 838000,
        "typical_volume": 2545191.05,
        "trend": 28.051727,
        "fair_value": 22.724134,
        "relative_strength": -17.91762,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.487664,
        "energy": 77.327613,
        "activity_lines": [
          25.555636,
          25.999885,
          26.997727,
          27.542093
        ]
      },
      {
        "date": "2025-01-03",
        "close": 25.175455,
        "volume": 660000,
        "typical_volume": 2406491.05,
        "trend": 27.932727,
        "fair_value": 22.778265,
        "relative_strength": -16.400455,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.706884,
        "energy": 82.735997,
        "activity_lines": [
          25.351637,
          25.777339,
          26.746896,
          27.356527
        ]
      },
      {
        "date": "2025-01-10",
        "close": 24.711819,
        "volume": 1083000,
        "typical_volume": 2356041.05,
        "trend": 27.823,
        "fair_value": 22.829669,
        "relative_strength": -17.926458,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.87285,
        "energy": 87.359405,
        "activity_lines": [
          25.064182,
          25.524447,
          26.470896,
          27.148727
        ]
      },
      {
        "date": "2025-01-17",
        "close": 24.943636,
        "volume": 1098000,
        "typical_volume": 2313191.05,
        "trend": 27.714818,
        "fair_value": 22.885497,
        "relative_strength": -17.295138,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.358485,
        "energy": 80.74732,
        "activity_lines": [
          24.974546,
          25.343207,
          26.239052,
          26.962962
        ]
      },
      {
        "date": "2025-01-24",
        "close": 25.5,
        "volume": 576000,
        "typical_volume": 2282891.05,
        "trend": 27.626727,
        "fair_value": 22.941709,
        "relative_strength": -16.453729,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.715284,
        "energy": 61.212813,
        "activity_lines": [
          25.132182,
          25.310331,
          26.083597,
          26.82007
        ]
      },
      {
        "date": "2025-02-07",
        "close": 25.870909,
        "volume": 1049835,
        "typical_volume": 2204032.8,
        "trend": 27.535545,
        "fair_value": 22.998584,
        "relative_strength": -14.732601,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.651559,
        "energy": 49.189713,
        "activity_lines": [
          25.385636,
          25.365967,
          25.978481,
          26.706792
        ]
      },
      {
        "date": "2025-02-14",
        "close": 26.473637,
        "volume": 2932891,
        "typical_volume": 2256227.35,
        "trend": 27.462909,
        "fair_value": 23.061036,
        "relative_strength": -11.24559,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -43.393344,
        "energy": 30.791064,
        "activity_lines": [
          25.796727,
          25.540463,
          25.949091,
          26.638281
        ]
      },
      {
        "date": "2025-02-21",
        "close": 27.400909,
        "volume": 2627075,
        "typical_volume": 2164450.9,
        "trend": 27.428909,
        "fair_value": 23.118169,
        "relative_strength": -10.097104,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -5.76131,
        "energy": 24.038649,
        "activity_lines": [
          26.430364,
          25.879339,
          26.02413,
          26.634281
        ]
      },
      {
        "date": "2025-02-28",
        "close": 27.076365,
        "volume": 3384945,
        "typical_volume": 2101193.3,
        "trend": 27.377909,
        "fair_value": 23.174201,
        "relative_strength": -8.316112,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 3.414004,
        "energy": 26.682045,
        "activity_lines": [
          26.776546,
          26.14319,
          26.081091,
          26.611537
        ]
      },
      {
        "date": "2025-03-07",
        "close": 26.705454,
        "volume": 1146169,
        "typical_volume": 2032451.75,
        "trend": 27.303727,
        "fair_value": 23.232018,
        "relative_strength": -7.240843,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -1.134495,
        "energy": 27.072496,
        "activity_lines": [
          26.856909,
          26.317686,
          26.110896,
          26.568152
        ]
      },
      {
        "date": "2025-03-14",
        "close": 26.427273,
        "volume": 1376486,
        "typical_volume": 1917026.05,
        "trend": 27.215636,
        "fair_value": 23.283889,
        "relative_strength": -5.330089,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -2.182321,
        "energy": 23.199923,
        "activity_lines": [
          26.764182,
          26.412099,
          26.121494,
          26.511607
        ]
      },
      {
        "date": "2025-03-21",
        "close": 26.52,
        "volume": 835931,
        "typical_volume": 1848272.6,
        "trend": 27.127545,
        "fair_value": 23.34419,
        "relative_strength": -5.669234,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -5.466871,
        "energy": 15.72653,
        "activity_lines": [
          26.665273,
          26.501455,
          26.150637,
          26.466727
        ]
      },
      {
        "date": "2025-03-28",
        "close": 25.639091,
        "volume": 1003466,
        "typical_volume": 1660545.9,
        "trend": 27.003909,
        "fair_value": 23.399579,
        "relative_strength": -5.913149,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -38.92625,
        "energy": 21.504322,
        "activity_lines": [
          26.269636,
          26.406199,
          26.103611,
          26.370698
        ]
      },
      {
        "date": "2025-04-04",
        "close": 25.221819,
        "volume": 746944,
        "typical_volume": 1498943.1,
        "trend": 26.849363,
        "fair_value": 23.449355,
        "relative_strength": -5.741572,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -54.006159,
        "energy": 36.464237,
        "activity_lines": [
          25.852364,
          26.218215,
          26.020156,
          26.255724
        ]
      },
      {
        "date": "2025-04-11",
        "close": 22.903637,
        "volume": 3803236,
        "typical_volume": 1509854.9,
        "trend": 26.657727,
        "fair_value": 23.486719,
        "relative_strength": -6.249963,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -84.544299,
        "energy": 69.125761,
        "activity_lines": [
          24.786,
          25.603686,
          25.726961,
          26.001161
        ]
      },
      {
        "date": "2025-04-18",
        "close": 22.903637,
        "volume": 613760,
        "typical_volume": 1466236.9,
        "trend": 26.430545,
        "fair_value": 23.525063,
        "relative_strength": -5.167001,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -83.521847,
        "energy": 85.100021,
        "activity_lines": [
          23.973091,
          25.036364,
          25.45165,
          25.758962
        ]
      },
      {
        "date": "2025-04-25",
        "close": 23.135456,
        "volume": 508396,
        "typical_volume": 1431056.7,
        "trend": 26.206454,
        "fair_value": 23.561465,
        "relative_strength": -5.835213,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.553655,
        "energy": 84.821745,
        "activity_lines": [
          23.472365,
          24.565141,
          25.214974,
          25.546376
        ]
      },
      {
        "date": "2025-05-02",
        "close": 24.387272,
        "volume": 532694,
        "typical_volume": 1406891.4,
        "trend": 26.016182,
        "fair_value": 23.605401,
        "relative_strength": -4.579136,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.780397,
        "energy": 78.364779,
        "activity_lines": [
          23.614546,
          24.382215,
          25.112312,
          25.429009
        ]
      },
      {
        "date": "2025-05-09",
        "close": 23.83091,
        "volume": 356316,
        "typical_volume": 1340657.2,
        "trend": 25.850819,
        "fair_value": 23.647975,
        "relative_strength": -6.768009,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.720372,
        "energy": 63.816789,
        "activity_lines": [
          23.654728,
          24.152926,
          24.966819,
          25.288024
        ]
      },
      {
        "date": "2025-05-16",
        "close": 23.877274,
        "volume": 586378,
        "typical_volume": 1287976.1,
        "trend": 25.705546,
        "fair_value": 23.692804,
        "relative_strength": -9.940458,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.716987,
        "energy": 45.312479,
        "activity_lines": [
          23.803092,
          23.991075,
          24.835455,
          25.160698
        ]
      },
      {
        "date": "2025-05-23",
        "close": 23.691818,
        "volume": 258168,
        "typical_volume": 1258984.5,
        "trend": 25.546364,
        "fair_value": 23.739629,
        "relative_strength": -9.392036,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.385961,
        "energy": 40.194332,
        "activity_lines": [
          23.824728,
          23.846926,
          24.692169,
          25.03078
        ]
      },
      {
        "date": "2025-05-30",
        "close": 23.274546,
        "volume": 349904,
        "typical_volume": 1243479.7,
        "trend": 25.384091,
        "fair_value": 23.783533,
        "relative_strength": -9.344306,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.578224,
        "energy": 45.973622,
        "activity_lines": [
          23.654728,
          23.676645,
          24.516429,
          24.884212
        ]
      },
      {
        "date": "2025-06-06",
        "close": 23.367273,
        "volume": 339350,
        "typical_volume": 1206297.2,
        "trend": 25.285182,
        "fair_value": 23.825094,
        "relative_strength": -9.888689,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.279845,
        "energy": 44.723936,
        "activity_lines": [
          23.506364,
          23.582232,
          24.358572,
          24.754094
        ]
      },
      {
        "date": "2025-06-13",
        "close": 23.228182,
        "volume": 322537,
        "typical_volume": 1167524.05,
        "trend": 25.141455,
        "fair_value": 23.863314,
        "relative_strength": -11.725626,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.079879,
        "energy": 46.406003,
        "activity_lines": [
          23.379637,
          23.503835,
          24.193871,
          24.621385
        ]
      },
      {
        "date": "2025-06-20",
        "close": 23.274546,
        "volume": 337272,
        "typical_volume": 1155587.65,
        "trend": 25.028637,
        "fair_value": 23.90032,
        "relative_strength": -11.169996,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.965674,
        "energy": 44.731214,
        "activity_lines": [
          23.308546,
          23.470116,
          24.041754,
          24.500939
        ]
      },
      {
        "date": "2025-06-27",
        "close": 23.413637,
        "volume": 236103,
        "typical_volume": 1114901.05,
        "trend": 24.929728,
        "fair_value": 23.943762,
        "relative_strength": -12.505557,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.438536,
        "energy": 40.783667,
        "activity_lines": [
          23.324,
          23.454943,
          23.913481,
          24.396745
        ]
      },
      {
        "date": "2025-07-04",
        "close": 23.08909,
        "volume": 240359,
        "typical_volume": 980274.45,
        "trend": 24.824637,
        "fair_value": 23.985123,
        "relative_strength": -13.315366,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.824268,
        "energy": 41.44762,
        "activity_lines": [
          23.249818,
          23.371488,
          23.766,
          24.277994
        ]
      },
      {
        "date": "2025-07-11",
        "close": 22.718182,
        "volume": 281287,
        "typical_volume": 862985.05,
        "trend": 24.697909,
        "fair_value": 24.026746,
        "relative_strength": -15.172888,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.146078,
        "energy": 68.968881,
        "activity_lines": [
          23.064364,
          23.221438,
          23.599312,
          24.142094
        ]
      },
      {
        "date": "2025-07-18",
        "close": 22.06909,
        "volume": 800020,
        "typical_volume": 733738.8,
        "trend": 24.571182,
        "fair_value": 24.066057,
        "relative_strength": -19.489739,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -83.544863,
        "energy": 82.488951,
        "activity_lines": [
          22.705818,
          22.983719,
          23.393104,
          23.972493
        ]
      },
      {
        "date": "2025-07-25",
        "close": 22.300909,
        "volume": 500533,
        "typical_volume": 701457.0,
        "trend": 24.478455,
        "fair_value": 24.105269,
        "relative_strength": -18.191881,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.518178,
        "energy": 84.778649,
        "activity_lines": [
          22.501818,
          22.820182,
          23.232818,
          23.826024
        ]
      },
      {
        "date": "2025-08-01",
        "close": 22.161819,
        "volume": 544625,
        "typical_volume": 659863.95,
        "trend": 24.376455,
        "fair_value": 24.14359,
        "relative_strength": -18.47791,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.351047,
        "energy": 88.247806,
        "activity_lines": [
          22.316364,
          22.660017,
          23.08026,
          23.676563
        ]
      },
      {
        "date": "2025-08-08",
        "close": 22.208183,
        "volume": 756656,
        "typical_volume": 655900.2,
        "trend": 24.277546,
        "fair_value": 24.181944,
        "relative_strength": -19.754489,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.470502,
        "energy": 86.073407,
        "activity_lines": [
          22.229819,
          22.536099,
          22.952429,
          23.536675
        ]
      },
      {
        "date": "2025-08-15",
        "close": 22.115456,
        "volume": 1128535,
        "typical_volume": 662153.65,
        "trend": 24.191,
        "fair_value": 24.218383,
        "relative_strength": -20.527492,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.331311,
        "energy": 81.643817,
        "activity_lines": [
          22.171092,
          22.414711,
          22.836299,
          23.397185
        ]
      },
      {
        "date": "2025-08-22",
        "close": 22.857273,
        "volume": 1321712,
        "typical_volume": 690892.05,
        "trend": 24.121455,
        "fair_value": 24.248755,
        "relative_strength": -15.403591,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.843796,
        "energy": 52.098749,
        "activity_lines": [
          22.399819,
          22.450959,
          22.807598,
          23.311138
        ]
      },
      {
        "date": "2025-08-29",
        "close": 22.0,
        "volume": 2807566,
        "typical_volume": 641108.55,
        "trend": 24.004788,
        "fair_value": 24.274688,
        "relative_strength": -19.584314,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.431226,
        "energy": 50.260551,
        "activity_lines": [
          22.290243,
          22.338083,
          22.708511,
          23.17427
        ]
      },
      {
        "date": "2025-09-05",
        "close": 21.35,
        "volume": 2570631,
        "typical_volume": 738952.1,
        "trend": 23.854091,
        "fair_value": 24.298038,
        "relative_strength": -22.171225,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -81.901267,
        "energy": 57.636214,
        "activity_lines": [
          21.984061,
          22.130199,
          22.551823,
          23.002993
        ]
      },
      {
        "date": "2025-09-12",
        "close": 20.15,
        "volume": 1375774,
        "typical_volume": 782321.0,
        "trend": 23.643303,
        "fair_value": 24.317391,
        "relative_strength": -28.703488,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -91.907902,
        "energy": 70.362553,
        "activity_lines": [
          21.332,
          21.741653,
          22.288247,
          22.76402
        ]
      },
      {
        "date": "2025-09-19",
        "close": 20.25,
        "volume": 589316,
        "typical_volume": 785152.1,
        "trend": 23.40494,
        "fair_value": 24.337649,
        "relative_strength": -27.922949,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -85.275543,
        "energy": 91.938239,
        "activity_lines": [
          20.850485,
          21.424728,
          22.048412,
          22.545097
        ]
      },
      {
        "date": "2025-09-26",
        "close": 20.6,
        "volume": 992365,
        "typical_volume": 816954.55,
        "trend": 23.189061,
        "fair_value": 24.358567,
        "relative_strength": -25.980204,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.168652,
        "energy": 87.472143,
        "activity_lines": [
          20.61,
          21.216314,
          21.861611,
          22.364133
        ]
      },
      {
        "date": "2025-10-03",
        "close": 20.5,
        "volume": 965340,
        "typical_volume": 835902.65,
        "trend": 22.982212,
        "fair_value": 24.382275,
        "relative_strength": -28.894981,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.38513,
        "energy": 84.650753,
        "activity_lines": [
          20.486667,
          21.01643,
          21.680671,
          22.190645
        ]
      },
      {
        "date": "2025-10-10",
        "close": 20.4,
        "volume": 340098,
        "typical_volume": 839999.15,
        "trend": 22.781303,
        "fair_value": 24.407191,
        "relative_strength": -29.963789,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.463891,
        "energy": 67.156774,
        "activity_lines": [
          20.43,
          20.831108,
          21.50629,
          22.024051
        ]
      },
      {
        "date": "2025-10-17",
        "close": 20.35,
        "volume": 613711,
        "typical_volume": 853189.5,
        "trend": 22.575637,
        "fair_value": 24.430729,
        "relative_strength": -29.517184,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.428533,
        "energy": 59.708983,
        "activity_lines": [
          20.42,
          20.668727,
          21.342823,
          21.867193
        ]
      },
      {
        "date": "2025-10-24",
        "close": 20.1,
        "volume": 707355,
        "typical_volume": 871589.75,
        "trend": 22.391,
        "fair_value": 24.450026,
        "relative_strength": -30.353923,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.566852,
        "energy": 59.965368,
        "activity_lines": [
          20.313333,
          20.494678,
          21.169472,
          21.707474
        ]
      },
      {
        "date": "2025-10-31",
        "close": 19.75,
        "volume": 682293,
        "typical_volume": 889577.55,
        "trend": 22.208606,
        "fair_value": 24.470775,
        "relative_strength": -32.640941,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.789175,
        "energy": 62.261228,
        "activity_lines": [
          20.1,
          20.293636,
          20.978346,
          21.537087
        ]
      },
      {
        "date": "2025-11-07",
        "close": 19.700001,
        "volume": 389394,
        "typical_volume": 892183.65,
        "trend": 22.101818,
        "fair_value": 24.487771,
        "relative_strength": -30.829255,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.306554,
        "energy": 61.472954,
        "activity_lines": [
          19.926667,
          20.14,
          20.799022,
          21.375242
        ]
      },
      {
        "date": "2025-11-14",
        "close": 18.950001,
        "volume": 1016098,
        "typical_volume": 931183.4,
        "trend": 21.970031,
        "fair_value": 24.501016,
        "relative_strength": -32.241838,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -83.934122,
        "energy": 74.279352,
        "activity_lines": [
          19.556667,
          19.891819,
          20.56529,
          21.171899
        ]
      },
      {
        "date": "2025-11-21",
        "close": 17.950001,
        "volume": 879717,
        "typical_volume": 963151.3,
        "trend": 21.797182,
        "fair_value": 24.508906,
        "relative_strength": -32.856596,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -90.932698,
        "energy": 90.357044,
        "activity_lines": [
          18.950001,
          19.505455,
          20.257576,
          20.912542
        ]
      },
      {
        "date": "2025-11-28",
        "close": 18.950001,
        "volume": 458508,
        "typical_volume": 972012.35,
        "trend": 21.61594,
        "fair_value": 24.521095,
        "relative_strength": -31.567057,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.095178,
        "energy": 81.104471,
        "activity_lines": [
          18.836668,
          19.34091,
          20.069572,
          20.728853
        ]
      },
      {
        "date": "2025-12-05",
        "close": 19.0,
        "volume": 191295,
        "typical_volume": 941576.1,
        "trend": 21.454909,
        "fair_value": 24.533604,
        "relative_strength": -31.599793,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.719806,
        "energy": 78.670523,
        "activity_lines": [
          18.816667,
          19.209091,
          19.904273,
          20.560082
        ]
      },
      {
        "date": "2025-12-12",
        "close": 18.9,
        "volume": 178205,
        "typical_volume": 925459.7,
        "trend": 21.289,
        "fair_value": 24.538609,
        "relative_strength": -31.859129,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.069576,
        "energy": 72.557786,
        "activity_lines": [
          18.813334,
          19.088182,
          19.744065,
          20.39525
        ]
      },
      {
        "date": "2025-12-19",
        "close": 18.65,
        "volume": 356370,
        "typical_volume": 916046.95,
        "trend": 21.12094,
        "fair_value": 24.542539,
        "relative_strength": -30.934309,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.673246,
        "energy": 59.937914,
        "activity_lines": [
          18.78,
          18.950909,
          19.576243,
          20.224992
        ]
      },
      {
        "date": "2025-12-26",
        "close": 18.85,
        "volume": 450609,
        "typical_volume": 900744.6,
        "trend": 20.973455,
        "fair_value": 24.543,
        "relative_strength": -31.683154,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.740356,
        "energy": 53.796615,
        "activity_lines": [
          18.833333,
          18.881819,
          19.444191,
          20.078479
        ]
      },
      {
        "date": "2026-01-02",
        "close": 21.35,
        "volume": 5887280,
        "typical_volume": 1138681.85,
        "trend": 20.906212,
        "fair_value": 24.560542,
        "relative_strength": -24.177806,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -8.214135,
        "energy": 12.926363,
        "activity_lines": [
          19.66,
          19.294546,
          19.566225,
          20.102773
        ]
      },
      {
        "date": "2026-01-09",
        "close": 21.15,
        "volume": 1357721,
        "typical_volume": 1140482.3,
        "trend": 20.83694,
        "fair_value": 24.577594,
        "relative_strength": -26.627721,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 2.69355,
        "energy": 20.627099,
        "activity_lines": [
          20.26,
          19.648182,
          19.672857,
          20.118501
        ]
      },
      {
        "date": "2026-01-16",
        "close": 21.450001,
        "volume": 751580,
        "typical_volume": 1037683.0,
        "trend": 20.776121,
        "fair_value": 24.597361,
        "relative_strength": -27.668441,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 37.058349,
        "energy": 44.141362,
        "activity_lines": [
          20.816667,
          20.030909,
          19.816191,
          20.158053
        ]
      },
      {
        "date": "2026-01-23",
        "close": 21.15,
        "volume": 916110,
        "typical_volume": 954956.95,
        "trend": 20.700667,
        "fair_value": 24.614414,
        "relative_strength": -29.314953,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 26.835103,
        "energy": 44.139848,
        "activity_lines": [
          21.103334,
          20.327273,
          19.933572,
          20.182174
        ]
      },
      {
        "date": "2026-01-30",
        "close": 21.65,
        "volume": 1511253,
        "typical_volume": 961730.9,
        "trend": 20.652697,
        "fair_value": 24.635991,
        "relative_strength": -27.26395,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 35.582339,
        "energy": 61.009089,
        "activity_lines": [
          21.39,
          20.674546,
          20.099524,
          20.243422
        ]
      },
      {
        "date": "2026-02-06",
        "close": 21.700001,
        "volume": 675937,
        "typical_volume": 966061.95,
        "trend": 20.618758,
        "fair_value": 24.654985,
        "relative_strength": -25.807574,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 34.81852,
        "energy": 61.590721,
        "activity_lines": [
          21.506667,
          20.963637,
          20.263096,
          20.31099
        ]
      },
      {
        "date": "2026-02-13",
        "close": 21.9,
        "volume": 562434,
        "typical_volume": 944565.4,
        "trend": 20.613122,
        "fair_value": 24.676845,
        "relative_strength": -28.44981,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 44.598055,
        "energy": 54.626387,
        "activity_lines": [
          21.666667,
          21.239091,
          20.43881,
          20.39365
        ]
      },
      {
        "date": "2026-02-27",
        "close": 22.0,
        "volume": 1320465,
        "typical_volume": 962321.65,
        "trend": 20.603091,
        "fair_value": 24.699081,
        "relative_strength": -31.017165,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 44.190926,
        "energy": 53.935201,
        "activity_lines": [
          21.81,
          21.48,
          20.617857,
          20.483126
        ]
      },
      {
        "date": "2026-03-06",
        "close": 20.299999,
        "volume": 724724,
        "typical_volume": 981552.95,
        "trend": 20.541031,
        "fair_value": 24.704614,
        "relative_strength": -32.082136,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 17.258946,
        "energy": 24.368982,
        "activity_lines": [
          21.35,
          21.355455,
          20.627857,
          20.463572
        ]
      },
      {
        "date": "2026-03-13",
        "close": 20.1,
        "volume": 582759,
        "typical_volume": 980005.35,
        "trend": 20.470758,
        "fair_value": 24.701736,
        "relative_strength": -31.489487,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 2.881921,
        "energy": 7.632924,
        "activity_lines": [
          20.88,
          21.164545,
          20.619286,
          20.435118
        ]
      },
      {
        "date": "2026-03-20",
        "close": 20.299999,
        "volume": 770147,
        "typical_volume": 983144.95,
        "trend": 20.410243,
        "fair_value": 24.696709,
        "relative_strength": -30.190252,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 24.65188,
        "energy": 21.292551,
        "activity_lines": [
          20.579999,
          20.987273,
          20.630952,
          20.424102
        ]
      },
      {
        "date": "2026-03-27",
        "close": 20.5,
        "volume": 462258,
        "typical_volume": 972143.2,
        "trend": 20.331667,
        "fair_value": 24.691116,
        "relative_strength": -27.66152,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 21.278476,
        "energy": 24.069714,
        "activity_lines": [
          20.44,
          20.865454,
          20.660714,
          20.429893
        ]
      },
      {
        "date": "2026-04-03",
        "close": 20.049999,
        "volume": 434314,
        "typical_volume": 974389.2,
        "trend": 20.266667,
        "fair_value": 24.680791,
        "relative_strength": -27.140879,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -6.325971,
        "energy": 17.773972,
        "activity_lines": [
          20.243333,
          20.673636,
          20.644047,
          20.41172
        ]
      },
      {
        "date": "2026-04-10",
        "close": 20.15,
        "volume": 313479,
        "typical_volume": 939258.25,
        "trend": 20.226667,
        "fair_value": 24.669523,
        "relative_strength": -31.703504,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -16.87164,
        "energy": 21.366936,
        "activity_lines": [
          20.21,
          20.525454,
          20.635238,
          20.404194
        ]
      },
      {
        "date": "2026-04-17",
        "close": 20.0,
        "volume": 883600,
        "typical_volume": 939452.4,
        "trend": 20.221667,
        "fair_value": 24.653334,
        "relative_strength": -33.803823,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -20.724373,
        "energy": 23.894561,
        "activity_lines": [
          20.136666,
          20.368182,
          20.606428,
          20.38957
        ]
      },
      {
        "date": "2026-04-24",
        "close": 19.700001,
        "volume": 846692,
        "typical_volume": 958861.6,
        "trend": 20.203333,
        "fair_value": 24.594306,
        "relative_strength": -37.370614,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -27.81604,
        "energy": 39.141737,
        "activity_lines": [
          19.97,
          20.186364,
          20.539286,
          20.355914
        ]
      },
      {
        "date": "2026-05-01",
        "close": 19.549999,
        "volume": 410549,
        "typical_volume": 969824.3,
        "trend": 20.168333,
        "fair_value": 24.549098,
        "relative_strength": -36.843179,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -29.124083,
        "energy": 44.541739,
        "activity_lines": [
          19.793333,
          20.013636,
          20.454286,
          20.313763
        ]
      },
      {
        "date": "2026-05-08",
        "close": 19.6,
        "volume": 632149,
        "typical_volume": 992521.5,
        "trend": 20.138333,
        "fair_value": 24.495236,
        "relative_strength": -39.733124,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -28.07393,
        "energy": 46.038956,
        "activity_lines": [
          19.696667,
          19.892727,
          20.371428,
          20.277097
        ]
      },
      {
        "date": "2026-05-15",
        "close": 18.549999,
        "volume": 512119,
        "typical_volume": 1000308.95,
        "trend": 20.076667,
        "fair_value": 24.436228,
        "relative_strength": -41.370221,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -47.061813,
        "energy": 60.874021,
        "activity_lines": [
          19.28,
          19.624545,
          20.185238,
          20.174624
        ]
      },
      {
        "date": "2026-05-22",
        "close": 18.25,
        "volume": 310658,
        "typical_volume": 993311.4,
        "trend": 20.006667,
        "fair_value": 24.397734,
        "relative_strength": -42.868023,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -56.608643,
        "energy": 72.470769,
        "activity_lines": [
          18.87,
          19.333636,
          19.970952,
          20.056774
        ]
      },
      {
        "date": "2026-05-29",
        "close": 18.450001,
        "volume": 693164,
        "typical_volume": 733605.6,
        "trend": 19.951667,
        "fair_value": 24.362105,
        "relative_strength": -44.461141,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -45.539432,
        "energy": 69.698001,
        "activity_lines": [
          18.643333,
          19.112727,
          19.778571,
          19.956344
        ]
      },
      {
        "date": "2026-06-05",
        "close": 18.950001,
        "volume": 737542,
        "typical_volume": 702596.65,
        "trend": 19.925,
        "fair_value": 24.330738,
        "relative_strength": -42.384433,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -66.279505,
        "energy": 79.761529,
        "activity_lines": [
          18.666667,
          19.016364,
          19.647619,
          19.89172
        ]
      },
      {
        "date": "2026-06-12",
        "close": 18.25,
        "volume": 720461,
        "typical_volume": 701040.7,
        "trend": 19.876667,
        "fair_value": 24.294884,
        "relative_strength": -42.368828,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.231374,
        "energy": 84.029328,
        "activity_lines": [
          18.496667,
          18.820909,
          19.460476,
          19.783656
        ]
      },
      {
        "date": "2026-06-19",
        "close": 18.35,
        "volume": 541166,
        "typical_volume": 682293.5,
        "trend": 19.856667,
        "fair_value": 24.258966,
        "relative_strength": -43.927816,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.188706,
        "energy": 75.414095,
        "activity_lines": [
          18.45,
          18.676364,
          19.298095,
          19.685161
        ]
      },
      {
        "date": "2026-06-26",
        "close": 18.15,
        "volume": 583776,
        "typical_volume": 635919.65,
        "trend": 19.863333,
        "fair_value": 24.214748,
        "relative_strength": -41.140663,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.598479,
        "energy": 74.168478,
        "activity_lines": [
          18.35,
          18.528182,
          19.13,
          19.575054
        ]
      },
      {
        "date": "2026-07-03",
        "close": 18.450001,
        "volume": 934231,
        "typical_volume": 648834.35,
        "trend": 19.846667,
        "fair_value": 24.17498,
        "relative_strength": -41.956235,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.280869,
        "energy": 58.027792,
        "activity_lines": [
          18.356667,
          18.468182,
          19.007143,
          19.483871
        ]
      },
      {
        "date": "2026-07-10",
        "close": 18.1,
        "volume": 409005,
        "typical_volume": 641162.9,
        "trend": 19.816667,
        "fair_value": 24.132968,
        "relative_strength": -40.209449,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.893138,
        "energy": 56.081336,
        "activity_lines": [
          18.246667,
          18.367273,
          18.866429,
          19.371183
        ]
      },
      {
        "date": "2026-07-17",
        "close": 17.700001,
        "volume": 641437,
        "typical_volume": 607211.5,
        "trend": 19.776667,
        "fair_value": 24.088673,
        "relative_strength": -36.790881,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.895407,
        "energy": 60.713359,
        "activity_lines": [
          18.060001,
          18.22,
          18.705714,
          19.234624
        ]
      },
      {
        "date": "2026-07-24",
        "close": 17.75,
        "volume": 238368,
        "typical_volume": 582893.7,
        "trend": 19.746667,
        "fair_value": 24.04554,
        "relative_strength": -37.049481,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.149771,
        "energy": 59.567119,
        "activity_lines": [
          17.926667,
          18.116364,
          18.570238,
          19.103871
        ]
      },
      {
        "date": "2026-07-31",
        "close": 17.299999,
        "volume": 561006,
        "typical_volume": 581806.05,
        "trend": 19.695,
        "fair_value": 24.005418,
        "relative_strength": -36.84367,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.789506,
        "energy": 70.530109,
        "activity_lines": [
          17.683333,
          17.945455,
          18.404048,
          18.946022
        ]
      },
      {
        "date": "2026-08-07",
        "close": 17.549999,
        "volume": 225057,
        "typical_volume": 554551.55,
        "trend": 19.568333,
        "fair_value": 23.967459,
        "relative_strength": -36.478023,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.45753,
        "energy": 65.92002,
        "activity_lines": [
          17.58,
          17.837273,
          18.275,
          18.807634
        ]
      },
      {
        "date": "2026-08-14",
        "close": 18.200001,
        "volume": 481557,
        "typical_volume": 555516.5,
        "trend": 19.47,
        "fair_value": 23.932825,
        "relative_strength": -35.355471,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.242463,
        "energy": 53.141175,
        "activity_lines": [
          17.753333,
          17.863636,
          18.220952,
          18.719355
        ]
      }
    ],
    "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."
    }
  }
}