{
  "ticker": {
    "uuid": "2171a332-a2ac-46d8-9bff-477bb9951f01",
    "symbol": "6499",
    "name": "Medeon Biodesign, Inc.",
    "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": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -66.182,
    "architecture_energy": 69.016,
    "architecture_maturity": 48.903,
    "architecture_confidence": 88.258,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 5.76,
        "rotation_up": 15.36,
        "upward_expansion": 14.11,
        "deceleration": 43.64,
        "rotation_down": 70.77,
        "downward_expansion": 89.78
      },
      "activity_lines": [
        61.753334,
        64.443637,
        71.022857,
        75.975699
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 66.800003,
    "trend_reference": 82.093333,
    "distance_from_trend": -0.186292,
    "trend_direction": "Weakening",
    "fair_value": 65.806805,
    "distance_from_fair_value": 0.015093,
    "fair_value_direction": "Weakening",
    "relative_strength": -48.185455,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.265934,
    "excess_performance": -0.707306,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.186292,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.102053,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.015093,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.284031,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.481855,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.030768,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.265934,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.615875,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1307158,
      "relative_activity": 0.593049,
      "balance": 0.615875,
      "dry_up": 0.640066,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.110203,
      "annualized_volatility": 0.54949,
      "from_high_reference": -0.501493,
      "from_low_reference": 0.197133
    },
    "levels": {
      "trend_reference": 82.093333,
      "fair_value_reference": 65.806805,
      "structural_low": 55.799999,
      "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": 29,
        "median_return": 0.008681,
        "positive_rate": 0.551724,
        "directional_follow_through": 0.448276,
        "median_excess_return": -0.015612,
        "regime_survival": 0.827586,
        "best_return": 0.23834,
        "worst_return": -0.213447,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": 0.01011,
        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.071197,
        "regime_survival": 0.6,
        "best_return": 1.439825,
        "worst_return": -0.142121,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.050204,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.168697,
        "regime_survival": 0.5,
        "best_return": 1.584009,
        "worst_return": -0.15654,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.04687,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.097221,
        "regime_survival": 0.333333,
        "best_return": 1.190035,
        "worst_return": -0.100432,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2022-12-16",
        "end": "2023-03-17",
        "tenure": "Established",
        "return": -0.027961,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-03-24",
        "end": "2023-05-05",
        "tenure": "Developing",
        "return": -0.019737,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-05-12",
        "end": "2023-08-11",
        "tenure": "Established",
        "return": -0.083475,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-08-18",
        "end": "2024-06-14",
        "tenure": "Extended",
        "return": -0.128511,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-06-21",
        "end": "2024-07-12",
        "tenure": "New",
        "return": -0.046535,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-19",
        "end": "2024-08-02",
        "tenure": "New",
        "return": -0.043249,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-09",
        "end": "2024-11-29",
        "tenure": "Established",
        "return": 0.016317,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-06",
        "end": "2025-03-14",
        "tenure": "Established",
        "return": 0.059096,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-03-21",
        "end": "2025-05-02",
        "tenure": "Developing",
        "return": 0.044467,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-05-09",
        "end": "2025-08-01",
        "tenure": "Established",
        "return": 0.886035,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-08",
        "end": "2025-11-21",
        "tenure": "Established",
        "return": -0.106341,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-28",
        "end": "2026-03-20",
        "tenure": "Established",
        "return": 0.101957,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-27",
        "end": "2026-04-17",
        "tenure": "New",
        "return": -0.103966,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-04-24",
        "end": "2026-08-14",
        "tenure": "Established",
        "return": -0.187348,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-11",
        "close": 50.718254,
        "volume": 332845,
        "typical_volume": 649523.35,
        "trend": 54.570832,
        "fair_value": 50.51131,
        "relative_strength": -14.366414,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -68.83943,
        "energy": 62.836519,
        "activity_lines": [
          52.547129,
          53.46071,
          53.8611,
          54.268148
        ]
      },
      {
        "date": "2023-08-18",
        "close": 48.078644,
        "volume": 344394,
        "typical_volume": 629310.9,
        "trend": 54.391715,
        "fair_value": 50.53355,
        "relative_strength": -17.494286,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -83.399716,
        "energy": 82.434766,
        "activity_lines": [
          50.799958,
          52.408293,
          53.264494,
          53.849297
        ]
      },
      {
        "date": "2023-08-25",
        "close": 48.849998,
        "volume": 195998,
        "typical_volume": 629188.4,
        "trend": 54.254023,
        "fair_value": 50.572893,
        "relative_strength": -16.372259,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.454728,
        "energy": 85.354015,
        "activity_lines": [
          49.762409,
          51.612677,
          52.783997,
          53.491767
        ]
      },
      {
        "date": "2023-09-01",
        "close": 48.799999,
        "volume": 189000,
        "typical_volume": 621523.65,
        "trend": 54.054958,
        "fair_value": 50.618671,
        "relative_strength": -16.857874,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.127058,
        "energy": 85.472775,
        "activity_lines": [
          49.134414,
          50.893359,
          52.330978,
          53.139895
        ]
      },
      {
        "date": "2023-09-08",
        "close": 48.400002,
        "volume": 169000,
        "typical_volume": 591071.5,
        "trend": 53.836275,
        "fair_value": 50.660984,
        "relative_strength": -16.557589,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.154988,
        "energy": 86.115996,
        "activity_lines": [
          48.708369,
          50.189327,
          51.875933,
          52.775059
        ]
      },
      {
        "date": "2023-09-15",
        "close": 49.349998,
        "volume": 184000,
        "typical_volume": 581319.25,
        "trend": 53.668113,
        "fair_value": 50.698579,
        "relative_strength": -16.088091,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.645162,
        "energy": 73.19127,
        "activity_lines": [
          48.835242,
          49.78416,
          51.537667,
          52.485622
        ]
      },
      {
        "date": "2023-09-22",
        "close": 48.0,
        "volume": 117000,
        "typical_volume": 470252.65,
        "trend": 53.40153,
        "fair_value": 50.745082,
        "relative_strength": -14.998535,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.622434,
        "energy": 58.712524,
        "activity_lines": [
          48.603333,
          49.237261,
          51.094404,
          52.119937
        ]
      },
      {
        "date": "2023-09-29",
        "close": 51.900002,
        "volume": 483000,
        "typical_volume": 458755.5,
        "trend": 53.25552,
        "fair_value": 50.80758,
        "relative_strength": -7.664729,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -48.742089,
        "energy": 37.490275,
        "activity_lines": [
          49.676667,
          49.524294,
          51.06155,
          52.023064
        ]
      },
      {
        "date": "2023-10-06",
        "close": 49.349998,
        "volume": 1329000,
        "typical_volume": 470710.95,
        "trend": 53.087358,
        "fair_value": 50.828062,
        "relative_strength": -12.387127,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -45.541346,
        "energy": 29.783659,
        "activity_lines": [
          49.696666,
          49.408477,
          50.802208,
          51.771095
        ]
      },
      {
        "date": "2023-10-13",
        "close": 47.150002,
        "volume": 274000,
        "typical_volume": 457478.75,
        "trend": 52.80187,
        "fair_value": 50.851104,
        "relative_strength": -17.118342,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.007417,
        "energy": 41.56246,
        "activity_lines": [
          48.946667,
          48.974101,
          50.351531,
          51.38804
        ]
      },
      {
        "date": "2023-10-20",
        "close": 46.849998,
        "volume": 235000,
        "typical_volume": 449541.5,
        "trend": 52.45296,
        "fair_value": 50.866369,
        "relative_strength": -15.505911,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.364957,
        "energy": 44.098219,
        "activity_lines": [
          48.18,
          48.572339,
          49.900496,
          51.004048
        ]
      },
      {
        "date": "2023-10-27",
        "close": 48.200001,
        "volume": 202000,
        "typical_volume": 443839.25,
        "trend": 52.158478,
        "fair_value": 50.877228,
        "relative_strength": -11.079742,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.650179,
        "energy": 44.11013,
        "activity_lines": [
          48.03,
          48.486364,
          49.608124,
          50.729664
        ]
      },
      {
        "date": "2023-11-03",
        "close": 48.099998,
        "volume": 308000,
        "typical_volume": 437767.0,
        "trend": 51.907798,
        "fair_value": 50.886995,
        "relative_strength": -12.891886,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.745373,
        "energy": 51.274817,
        "activity_lines": [
          47.833333,
          48.38,
          49.336177,
          50.467826
        ]
      },
      {
        "date": "2023-11-10",
        "close": 47.299999,
        "volume": 356000,
        "typical_volume": 447114.65,
        "trend": 51.605312,
        "fair_value": 50.907396,
        "relative_strength": -14.788326,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.785039,
        "energy": 47.319756,
        "activity_lines": [
          47.623333,
          48.141818,
          49.013975,
          50.170549
        ]
      },
      {
        "date": "2023-11-17",
        "close": 45.599998,
        "volume": 511000,
        "typical_volume": 427410.1,
        "trend": 51.327863,
        "fair_value": 50.919602,
        "relative_strength": -19.929382,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.793858,
        "energy": 51.055124,
        "activity_lines": [
          46.983332,
          47.621817,
          48.560061,
          49.783109
        ]
      },
      {
        "date": "2023-11-24",
        "close": 45.599998,
        "volume": 337000,
        "typical_volume": 412812.9,
        "trend": 51.037843,
        "fair_value": 50.9228,
        "relative_strength": -19.896073,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.406806,
        "energy": 58.585883,
        "activity_lines": [
          46.446665,
          47.152726,
          48.152517,
          49.41357
        ]
      },
      {
        "date": "2023-12-01",
        "close": 46.0,
        "volume": 299000,
        "typical_volume": 412013.15,
        "trend": 50.698309,
        "fair_value": 50.929464,
        "relative_strength": -19.549698,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.918159,
        "energy": 57.450013,
        "activity_lines": [
          46.126665,
          46.824545,
          47.828092,
          49.088547
        ]
      },
      {
        "date": "2023-12-08",
        "close": 48.549999,
        "volume": 4576000,
        "typical_volume": 583903.65,
        "trend": 50.472056,
        "fair_value": 50.957878,
        "relative_strength": -14.405596,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.41394,
        "energy": 36.130554,
        "activity_lines": [
          46.803332,
          46.996363,
          47.788743,
          48.949947
        ]
      },
      {
        "date": "2023-12-15",
        "close": 46.849998,
        "volume": 432000,
        "typical_volume": 570749.05,
        "trend": 50.261412,
        "fair_value": 50.978546,
        "relative_strength": -18.305235,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.475362,
        "energy": 31.35343,
        "activity_lines": [
          46.883332,
          46.919999,
          47.619362,
          48.716266
        ]
      },
      {
        "date": "2023-12-22",
        "close": 46.450001,
        "volume": 211000,
        "typical_volume": 554261.85,
        "trend": 50.040577,
        "fair_value": 50.988094,
        "relative_strength": -18.012873,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.182549,
        "energy": 24.95748,
        "activity_lines": [
          46.859999,
          46.816363,
          47.445121,
          48.470368
        ]
      },
      {
        "date": "2023-12-29",
        "close": 46.650002,
        "volume": 316000,
        "typical_volume": 553419.6,
        "trend": 49.823267,
        "fair_value": 51.00568,
        "relative_strength": -18.577204,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.928646,
        "energy": 21.668352,
        "activity_lines": [
          46.846667,
          46.761818,
          47.316088,
          48.251621
        ]
      },
      {
        "date": "2024-01-05",
        "close": 46.0,
        "volume": 241000,
        "typical_volume": 548249.9,
        "trend": 49.540295,
        "fair_value": 51.015946,
        "relative_strength": -17.202939,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.876148,
        "energy": 33.309819,
        "activity_lines": [
          46.546667,
          46.592727,
          47.144523,
          48.004959
        ]
      },
      {
        "date": "2024-01-12",
        "close": 45.549999,
        "volume": 176000,
        "typical_volume": 547250.0,
        "trend": 49.273748,
        "fair_value": 51.053049,
        "relative_strength": -17.407047,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.15066,
        "energy": 42.539297,
        "activity_lines": [
          46.096667,
          46.381818,
          46.94,
          47.747521
        ]
      },
      {
        "date": "2024-01-19",
        "close": 46.25,
        "volume": 314412,
        "typical_volume": 553520.6,
        "trend": 49.027392,
        "fair_value": 51.101394,
        "relative_strength": -16.432629,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.994814,
        "energy": 36.748997,
        "activity_lines": [
          46.08,
          46.344545,
          46.817857,
          47.55244
        ]
      },
      {
        "date": "2024-01-26",
        "close": 46.0,
        "volume": 265000,
        "typical_volume": 558320.6,
        "trend": 48.71614,
        "fair_value": 51.159845,
        "relative_strength": -17.831771,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.10821,
        "energy": 35.999406,
        "activity_lines": [
          46.02,
          46.280909,
          46.684047,
          47.357124
        ]
      },
      {
        "date": "2024-02-02",
        "close": 46.599998,
        "volume": 516000,
        "typical_volume": 574920.6,
        "trend": 48.434314,
        "fair_value": 51.231599,
        "relative_strength": -16.579513,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.52084,
        "energy": 27.780231,
        "activity_lines": [
          46.189999,
          46.319091,
          46.618809,
          47.220599
        ]
      },
      {
        "date": "2024-02-09",
        "close": 45.700001,
        "volume": 79000,
        "typical_volume": 573020.6,
        "trend": 48.128774,
        "fair_value": 51.303438,
        "relative_strength": -17.842861,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.914912,
        "energy": 27.426114,
        "activity_lines": [
          46.063333,
          46.175454,
          46.480952,
          47.044192
        ]
      },
      {
        "date": "2024-02-16",
        "close": 46.150002,
        "volume": 141000,
        "typical_volume": 555920.6,
        "trend": 47.825664,
        "fair_value": 51.376811,
        "relative_strength": -18.787906,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.705218,
        "energy": 24.269882,
        "activity_lines": [
          46.106667,
          46.119091,
          46.396905,
          46.916529
        ]
      },
      {
        "date": "2024-02-23",
        "close": 45.900002,
        "volume": 420000,
        "typical_volume": 510470.6,
        "trend": 47.561356,
        "fair_value": 51.427866,
        "relative_strength": -19.836846,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.729032,
        "energy": 24.054846,
        "activity_lines": [
          46.026668,
          46.06091,
          46.316429,
          46.792293
        ]
      },
      {
        "date": "2024-03-01",
        "close": 44.5,
        "volume": 638000,
        "typical_volume": 528670.6,
        "trend": 47.31323,
        "fair_value": 51.46004,
        "relative_strength": -21.851171,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.066792,
        "energy": 36.947536,
        "activity_lines": [
          45.503334,
          45.765455,
          46.119048,
          46.594786
        ]
      },
      {
        "date": "2024-03-08",
        "close": 43.349998,
        "volume": 717000,
        "typical_volume": 552770.6,
        "trend": 47.067621,
        "fair_value": 51.473583,
        "relative_strength": -26.522313,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.364125,
        "energy": 67.841557,
        "activity_lines": [
          44.696667,
          45.296364,
          45.824762,
          46.339094
        ]
      },
      {
        "date": "2024-03-15",
        "close": 39.900002,
        "volume": 904000,
        "typical_volume": 587870.6,
        "trend": 46.795,
        "fair_value": 51.460508,
        "relative_strength": -31.317634,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -92.13123,
        "energy": 88.235077,
        "activity_lines": [
          42.956667,
          44.26,
          45.218572,
          45.876667
        ]
      },
      {
        "date": "2024-03-22",
        "close": 43.299999,
        "volume": 1597000,
        "typical_volume": 652320.6,
        "trend": 46.61,
        "fair_value": 51.469228,
        "relative_strength": -26.779586,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.093418,
        "energy": 74.880028,
        "activity_lines": [
          42.736667,
          43.952727,
          44.975714,
          45.651183
        ]
      },
      {
        "date": "2024-03-29",
        "close": 43.25,
        "volume": 180000,
        "typical_volume": 643520.6,
        "trend": 46.425,
        "fair_value": 51.48078,
        "relative_strength": -26.393595,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.901314,
        "energy": 73.487475,
        "activity_lines": [
          42.69,
          43.677273,
          44.750952,
          45.434409
        ]
      },
      {
        "date": "2024-04-05",
        "close": 43.150002,
        "volume": 220000,
        "typical_volume": 628970.6,
        "trend": 46.25,
        "fair_value": 51.496194,
        "relative_strength": -26.036488,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.451787,
        "energy": 59.13514,
        "activity_lines": [
          42.786667,
          43.438182,
          44.535953,
          45.223118
        ]
      },
      {
        "date": "2024-04-12",
        "close": 43.200001,
        "volume": 184000,
        "typical_volume": 621320.6,
        "trend": 46.045,
        "fair_value": 51.519584,
        "relative_strength": -26.65974,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.286303,
        "energy": 38.143584,
        "activity_lines": [
          42.990001,
          43.260001,
          44.337381,
          45.026344
        ]
      },
      {
        "date": "2024-04-19",
        "close": 42.299999,
        "volume": 234000,
        "typical_volume": 618070.6,
        "trend": 45.855,
        "fair_value": 51.531801,
        "relative_strength": -23.068078,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.344927,
        "energy": 39.699909,
        "activity_lines": [
          42.903334,
          42.98,
          44.064524,
          44.784731
        ]
      },
      {
        "date": "2024-04-26",
        "close": 42.650002,
        "volume": 160000,
        "typical_volume": 397270.6,
        "trend": 45.546667,
        "fair_value": 51.54491,
        "relative_strength": -24.010362,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.953299,
        "energy": 36.749904,
        "activity_lines": [
          42.773334,
          42.825455,
          43.84262,
          44.577957
        ]
      },
      {
        "date": "2024-05-03",
        "close": 42.549999,
        "volume": 132000,
        "typical_volume": 382270.6,
        "trend": 45.32,
        "fair_value": 51.557379,
        "relative_strength": -24.185496,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.781575,
        "energy": 38.744898,
        "activity_lines": [
          42.653334,
          42.716364,
          43.639286,
          44.384624
        ]
      },
      {
        "date": "2024-05-10",
        "close": 42.950001,
        "volume": 188000,
        "typical_volume": 381120.6,
        "trend": 45.18,
        "fair_value": 51.585921,
        "relative_strength": -24.08057,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.200633,
        "energy": 36.300623,
        "activity_lines": [
          42.713334,
          42.74091,
          43.494524,
          44.231721
        ]
      },
      {
        "date": "2024-05-17",
        "close": 42.900002,
        "volume": 213000,
        "typical_volume": 375970.6,
        "trend": 45.048333,
        "fair_value": 51.626752,
        "relative_strength": -25.463627,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.031097,
        "energy": 32.235276,
        "activity_lines": [
          42.770001,
          42.784546,
          43.361667,
          44.084624
        ]
      },
      {
        "date": "2024-05-24",
        "close": 42.5,
        "volume": 195000,
        "typical_volume": 373670.6,
        "trend": 44.858333,
        "fair_value": 51.677853,
        "relative_strength": -26.559944,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.012599,
        "energy": 31.571366,
        "activity_lines": [
          42.713334,
          42.763637,
          43.208572,
          43.920215
        ]
      },
      {
        "date": "2024-05-31",
        "close": 42.0,
        "volume": 241000,
        "typical_volume": 376920.6,
        "trend": 44.655,
        "fair_value": 51.729351,
        "relative_strength": -25.442766,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.385581,
        "energy": 34.255818,
        "activity_lines": [
          42.476667,
          42.604546,
          43.024524,
          43.735807
        ]
      },
      {
        "date": "2024-06-07",
        "close": 42.099998,
        "volume": 232000,
        "typical_volume": 372800.0,
        "trend": 44.481667,
        "fair_value": 51.774511,
        "relative_strength": -26.917262,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.170905,
        "energy": 35.992314,
        "activity_lines": [
          42.316666,
          42.487273,
          42.866905,
          43.570968
        ]
      },
      {
        "date": "2024-06-14",
        "close": 41.900002,
        "volume": 290000,
        "typical_volume": 374050.0,
        "trend": 44.358334,
        "fair_value": 51.82109,
        "relative_strength": -28.710805,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.410169,
        "energy": 49.907618,
        "activity_lines": [
          42.12,
          42.354546,
          42.71,
          43.404409
        ]
      },
      {
        "date": "2024-06-21",
        "close": 50.5,
        "volume": 2912000,
        "typical_volume": 493850.0,
        "trend": 44.521667,
        "fair_value": 51.920546,
        "relative_strength": -16.261392,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 39.66595,
        "energy": 43.490191,
        "activity_lines": [
          44.86,
          43.808182,
          43.391667,
          43.800646
        ]
      },
      {
        "date": "2024-06-28",
        "close": 51.0,
        "volume": 1455000,
        "typical_volume": 562650.0,
        "trend": 44.688334,
        "fair_value": 52.022757,
        "relative_strength": -13.945785,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 49.174742,
        "energy": 75.446657,
        "activity_lines": [
          47.26,
          45.22,
          44.102381,
          44.218602
        ]
      },
      {
        "date": "2024-07-05",
        "close": 51.5,
        "volume": 1599000,
        "typical_volume": 635550.0,
        "trend": 44.786667,
        "fair_value": 52.120968,
        "relative_strength": -14.320742,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 56.144992,
        "energy": 83.974257,
        "activity_lines": [
          49.26,
          46.564546,
          44.835476,
          44.658065
        ]
      },
      {
        "date": "2024-07-12",
        "close": 48.150002,
        "volume": 599000,
        "typical_volume": 644500.0,
        "trend": 44.83,
        "fair_value": 52.13691,
        "relative_strength": -20.404349,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 62.517989,
        "energy": 84.917421,
        "activity_lines": [
          49.510001,
          47.139091,
          45.224048,
          44.875054
        ]
      },
      {
        "date": "2024-07-19",
        "close": 47.400002,
        "volume": 361000,
        "typical_volume": 630650.0,
        "trend": 44.861667,
        "fair_value": 52.143091,
        "relative_strength": -17.318374,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.697557,
        "energy": 79.717259,
        "activity_lines": [
          49.106668,
          47.475455,
          45.530477,
          45.040861
        ]
      },
      {
        "date": "2024-07-26",
        "close": 45.849998,
        "volume": 218000,
        "typical_volume": 605700.0,
        "trend": 44.835,
        "fair_value": 52.1587,
        "relative_strength": -16.645115,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.647344,
        "energy": 44.954778,
        "activity_lines": [
          47.82,
          47.449091,
          45.675477,
          45.104624
        ]
      },
      {
        "date": "2024-08-02",
        "close": 45.349998,
        "volume": 146000,
        "typical_volume": 567800.0,
        "trend": 44.813334,
        "fair_value": 52.161197,
        "relative_strength": -15.072029,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 38.408822,
        "energy": 22.718646,
        "activity_lines": [
          46.676666,
          47.278182,
          45.760953,
          45.13785
        ]
      },
      {
        "date": "2024-08-09",
        "close": 42.900002,
        "volume": 552000,
        "typical_volume": 515550.0,
        "trend": 44.725,
        "fair_value": 52.161949,
        "relative_strength": -18.355025,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 8.590011,
        "energy": 19.41596,
        "activity_lines": [
          45.093333,
          46.61,
          45.587143,
          45.014409
        ]
      },
      {
        "date": "2024-08-16",
        "close": 43.25,
        "volume": 281000,
        "typical_volume": 520600.0,
        "trend": 44.625,
        "fair_value": 52.11631,
        "relative_strength": -20.305059,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -9.097018,
        "energy": 23.487866,
        "activity_lines": [
          44.2,
          45.989091,
          45.448572,
          44.919248
        ]
      },
      {
        "date": "2024-08-23",
        "close": 43.950001,
        "volume": 266000,
        "typical_volume": 522900.0,
        "trend": 44.556667,
        "fair_value": 52.067051,
        "relative_strength": -17.67688,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -3.310575,
        "energy": 20.315413,
        "activity_lines": [
          43.866667,
          45.474546,
          45.376667,
          44.875699
        ]
      },
      {
        "date": "2024-08-30",
        "close": 44.650002,
        "volume": 172000,
        "typical_volume": 522300.0,
        "trend": 44.491667,
        "fair_value": 52.020929,
        "relative_strength": -16.158843,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -12.204004,
        "energy": 20.818752,
        "activity_lines": [
          43.996668,
          45.050001,
          45.36762,
          44.881721
        ]
      },
      {
        "date": "2024-09-06",
        "close": 42.700001,
        "volume": 104000,
        "typical_volume": 515800.0,
        "trend": 44.391667,
        "fair_value": 51.929569,
        "relative_strength": -16.078812,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -20.754758,
        "energy": 21.832035,
        "activity_lines": [
          43.556668,
          44.377273,
          45.165953,
          44.76613
        ]
      },
      {
        "date": "2024-09-13",
        "close": 45.25,
        "volume": 1023000,
        "typical_volume": 558950.0,
        "trend": 44.361667,
        "fair_value": 51.877836,
        "relative_strength": -11.795121,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -8.492214,
        "energy": 10.169432,
        "activity_lines": [
          44.143334,
          44.319092,
          45.205239,
          44.821506
        ]
      },
      {
        "date": "2024-09-20",
        "close": 44.299999,
        "volume": 269000,
        "typical_volume": 565800.0,
        "trend": 44.308334,
        "fair_value": 51.809611,
        "relative_strength": -14.551285,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": 1.772335,
        "energy": 6.441111,
        "activity_lines": [
          44.256667,
          44.201819,
          45.141667,
          44.817527
        ]
      },
      {
        "date": "2024-09-27",
        "close": 45.099998,
        "volume": 299000,
        "typical_volume": 571350.0,
        "trend": 44.328334,
        "fair_value": 51.761375,
        "relative_strength": -14.697066,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": 4.9662,
        "energy": 5.399939,
        "activity_lines": [
          44.566666,
          44.3,
          45.145953,
          44.868602
        ]
      },
      {
        "date": "2024-10-04",
        "close": 46.0,
        "volume": 206000,
        "typical_volume": 571000.0,
        "trend": 44.416667,
        "fair_value": 51.709496,
        "relative_strength": -10.277198,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.016414,
        "energy": 20.080287,
        "activity_lines": [
          45.099999,
          44.603636,
          45.225714,
          44.976452
        ]
      },
      {
        "date": "2024-10-11",
        "close": 45.75,
        "volume": 268000,
        "typical_volume": 574650.0,
        "trend": 44.611667,
        "fair_value": 51.666417,
        "relative_strength": -12.504329,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 35.270628,
        "energy": 20.522922,
        "activity_lines": [
          45.459999,
          44.859091,
          45.266905,
          45.062473
        ]
      },
      {
        "date": "2024-10-18",
        "close": 44.599998,
        "volume": 235000,
        "typical_volume": 574350.0,
        "trend": 44.655,
        "fair_value": 51.63479,
        "relative_strength": -16.15906,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 29.18792,
        "energy": 17.020116,
        "activity_lines": [
          45.233332,
          44.898181,
          45.183095,
          45.06172
        ]
      },
      {
        "date": "2024-10-25",
        "close": 48.25,
        "volume": 810000,
        "typical_volume": 603250.0,
        "trend": 44.821667,
        "fair_value": 51.629038,
        "relative_strength": -8.039335,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 62.549842,
        "energy": 37.21264,
        "activity_lines": [
          46.266666,
          45.57,
          45.434524,
          45.293656
        ]
      },
      {
        "date": "2024-11-01",
        "close": 47.0,
        "volume": 255000,
        "typical_volume": 601500.0,
        "trend": 44.95,
        "fair_value": 51.617749,
        "relative_strength": -7.513509,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 52.254553,
        "energy": 38.566953,
        "activity_lines": [
          46.62,
          45.923636,
          45.537619,
          45.434194
        ]
      },
      {
        "date": "2024-11-08",
        "close": 46.0,
        "volume": 210000,
        "typical_volume": 466400.0,
        "trend": 45.043333,
        "fair_value": 51.585685,
        "relative_strength": -11.784131,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 49.004614,
        "energy": 35.303243,
        "activity_lines": [
          46.513333,
          46.04,
          45.52119,
          45.501935
        ]
      },
      {
        "date": "2024-11-15",
        "close": 44.5,
        "volume": 177000,
        "typical_volume": 402500.0,
        "trend": 45.116667,
        "fair_value": 51.543014,
        "relative_strength": -11.081749,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 26.464306,
        "energy": 20.75363,
        "activity_lines": [
          45.906667,
          45.859091,
          45.383333,
          45.466882
        ]
      },
      {
        "date": "2024-11-22",
        "close": 43.200001,
        "volume": 313996,
        "typical_volume": 338249.8,
        "trend": 45.135,
        "fair_value": 51.498946,
        "relative_strength": -13.721457,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -19.470147,
        "energy": 13.467304,
        "activity_lines": [
          44.95,
          45.409091,
          45.152619,
          45.343226
        ]
      },
      {
        "date": "2024-11-29",
        "close": 43.599998,
        "volume": 173000,
        "typical_volume": 316949.8,
        "trend": 45.17,
        "fair_value": 51.451497,
        "relative_strength": -9.873509,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -15.859947,
        "energy": 20.203524,
        "activity_lines": [
          44.22,
          45.069091,
          44.999524,
          45.244193
        ]
      },
      {
        "date": "2024-12-06",
        "close": 43.150002,
        "volume": 364000,
        "typical_volume": 317099.8,
        "trend": 45.176667,
        "fair_value": 51.364011,
        "relative_strength": -13.670931,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.279949,
        "energy": 44.783059,
        "activity_lines": [
          43.65,
          44.66,
          44.825238,
          45.113871
        ]
      },
      {
        "date": "2024-12-13",
        "close": 41.700001,
        "volume": 211000,
        "typical_volume": 316749.8,
        "trend": 45.136667,
        "fair_value": 51.287541,
        "relative_strength": -15.311376,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.968212,
        "energy": 66.081655,
        "activity_lines": [
          42.853334,
          44.022728,
          44.533095,
          44.88957
        ]
      },
      {
        "date": "2024-12-20",
        "close": 40.0,
        "volume": 218000,
        "typical_volume": 320349.8,
        "trend": 45.053333,
        "fair_value": 51.199677,
        "relative_strength": -16.273118,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -79.212931,
        "energy": 75.234254,
        "activity_lines": [
          41.776667,
          43.154546,
          44.09881,
          44.558172
        ]
      },
      {
        "date": "2024-12-27",
        "close": 40.150002,
        "volume": 212000,
        "typical_volume": 303349.8,
        "trend": 44.991667,
        "fair_value": 51.088007,
        "relative_strength": -18.072034,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.085045,
        "energy": 76.653081,
        "activity_lines": [
          41.050001,
          42.418182,
          43.704286,
          44.241828
        ]
      },
      {
        "date": "2025-01-03",
        "close": 39.400002,
        "volume": 205000,
        "typical_volume": 299549.8,
        "trend": 44.901667,
        "fair_value": 50.859084,
        "relative_strength": -17.631658,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.733757,
        "energy": 80.974586,
        "activity_lines": [
          40.276668,
          41.626365,
          43.251429,
          43.881076
        ]
      },
      {
        "date": "2025-01-10",
        "close": 39.150002,
        "volume": 294000,
        "typical_volume": 300949.8,
        "trend": 44.81,
        "fair_value": 50.662242,
        "relative_strength": -17.841888,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.083314,
        "energy": 80.93351,
        "activity_lines": [
          39.700002,
          40.950001,
          42.793096,
          43.51
        ]
      },
      {
        "date": "2025-01-17",
        "close": 37.950001,
        "volume": 215000,
        "typical_volume": 303099.8,
        "trend": 44.391667,
        "fair_value": 50.487429,
        "relative_strength": -20.10443,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.742021,
        "energy": 84.138566,
        "activity_lines": [
          38.990002,
          40.198183,
          42.243334,
          43.06742
        ]
      },
      {
        "date": "2025-01-24",
        "close": 37.700001,
        "volume": 114000,
        "typical_volume": 303599.8,
        "trend": 43.948334,
        "fair_value": 50.331324,
        "relative_strength": -21.199437,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.1511,
        "energy": 89.352674,
        "activity_lines": [
          38.446668,
          39.547274,
          41.701667,
          42.635699
        ]
      },
      {
        "date": "2025-02-07",
        "close": 41.0,
        "volume": 137100,
        "typical_volume": 259304.8,
        "trend": 43.598334,
        "fair_value": 50.20826,
        "relative_strength": -13.447102,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.116885,
        "energy": 64.476037,
        "activity_lines": [
          39.156668,
          39.620001,
          41.498096,
          42.445484
        ]
      },
      {
        "date": "2025-02-14",
        "close": 40.549999,
        "volume": 202112,
        "typical_volume": 255960.4,
        "trend": 43.345,
        "fair_value": 50.082808,
        "relative_strength": -12.547844,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.585776,
        "energy": 44.141424,
        "activity_lines": [
          39.66,
          39.65091,
          41.271905,
          42.248818
        ]
      },
      {
        "date": "2025-02-21",
        "close": 41.299999,
        "volume": 203009,
        "typical_volume": 251160.85,
        "trend": 43.141667,
        "fair_value": 49.926497,
        "relative_strength": -12.476719,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -43.774661,
        "energy": 29.725407,
        "activity_lines": [
          40.336666,
          39.873637,
          41.135,
          42.116882
        ]
      },
      {
        "date": "2025-02-28",
        "close": 44.0,
        "volume": 361887,
        "typical_volume": 258955.2,
        "trend": 43.08,
        "fair_value": 49.798888,
        "relative_strength": -3.529869,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -8.679051,
        "energy": 21.514311,
        "activity_lines": [
          41.77,
          40.620909,
          41.273334,
          42.172258
        ]
      },
      {
        "date": "2025-03-07",
        "close": 43.799999,
        "volume": 259041,
        "typical_volume": 258507.25,
        "trend": 43.028334,
        "fair_value": 49.665538,
        "relative_strength": -1.546612,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -5.605097,
        "energy": 22.644328,
        "activity_lines": [
          42.733333,
          41.29,
          41.402143,
          42.21871
        ]
      },
      {
        "date": "2025-03-14",
        "close": 45.700001,
        "volume": 980876,
        "typical_volume": 295801.05,
        "trend": 43.121667,
        "fair_value": 49.552789,
        "relative_strength": 5.681539,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 38.780634,
        "energy": 42.316969,
        "activity_lines": [
          43.923333,
          42.235455,
          41.721191,
          42.391076
        ]
      },
      {
        "date": "2025-03-21",
        "close": 48.349998,
        "volume": 1399964,
        "typical_volume": 325299.25,
        "trend": 43.291667,
        "fair_value": 49.461485,
        "relative_strength": 10.43446,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 49.430347,
        "energy": 63.426698,
        "activity_lines": [
          45.683333,
          43.561818,
          42.287381,
          42.728387
        ]
      },
      {
        "date": "2025-03-28",
        "close": 46.349998,
        "volume": 946819,
        "typical_volume": 359890.2,
        "trend": 43.371667,
        "fair_value": 49.361323,
        "relative_strength": 8.831796,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 29.874715,
        "energy": 62.517438,
        "activity_lines": [
          46.256666,
          44.361817,
          42.662619,
          42.925699
        ]
      },
      {
        "date": "2025-04-04",
        "close": 44.650002,
        "volume": 390620,
        "typical_volume": 368921.2,
        "trend": 43.371667,
        "fair_value": 49.271069,
        "relative_strength": 6.375877,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 27.311533,
        "energy": 54.261632,
        "activity_lines": [
          45.926666,
          44.721818,
          42.879048,
          43.008172
        ]
      },
      {
        "date": "2025-04-11",
        "close": 40.349998,
        "volume": 647149,
        "typical_volume": 392428.65,
        "trend": 43.293333,
        "fair_value": 49.159691,
        "relative_strength": 4.898412,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": -9.778306,
        "energy": 15.150137,
        "activity_lines": [
          44.119999,
          44.178181,
          42.692381,
          42.813226
        ]
      },
      {
        "date": "2025-04-18",
        "close": 48.5,
        "volume": 883202,
        "typical_volume": 420888.95,
        "trend": 43.401667,
        "fair_value": 49.087677,
        "relative_strength": 26.44029,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 40.678034,
        "energy": 23.772662,
        "activity_lines": [
          45.259999,
          45.068181,
          43.301667,
          43.14914
        ]
      },
      {
        "date": "2025-04-25",
        "close": 50.0,
        "volume": 930610,
        "typical_volume": 458769.45,
        "trend": 43.591667,
        "fair_value": 49.015371,
        "relative_strength": 26.786204,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 43.493979,
        "energy": 29.69401,
        "activity_lines": [
          46.713333,
          46.094545,
          44.028571,
          43.574839
        ]
      },
      {
        "date": "2025-05-02",
        "close": 50.5,
        "volume": 1020470,
        "typical_volume": 491592.95,
        "trend": 43.771667,
        "fair_value": 48.949242,
        "relative_strength": 22.051936,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 69.629321,
        "energy": 46.17676,
        "activity_lines": [
          48.223333,
          47.04,
          44.772619,
          44.020538
        ]
      },
      {
        "date": "2025-05-09",
        "close": 62.299999,
        "volume": 4456390,
        "typical_volume": 703862.45,
        "trend": 44.315,
        "fair_value": 48.991448,
        "relative_strength": 48.383934,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 90.681091,
        "energy": 88.799245,
        "activity_lines": [
          53.39,
          49.963636,
          46.605476,
          45.215914
        ]
      },
      {
        "date": "2025-05-16",
        "close": 80.699997,
        "volume": 36638025,
        "typical_volume": 2524863.7,
        "trend": 45.48,
        "fair_value": 49.151107,
        "relative_strength": 81.223753,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 96.046149,
        "energy": 97.741633,
        "activity_lines": [
          63.513332,
          55.899999,
          50.092618,
          47.563333
        ]
      },
      {
        "date": "2025-05-23",
        "close": 117.5,
        "volume": 10552327,
        "typical_volume": 3041880.05,
        "trend": 47.91,
        "fair_value": 49.575395,
        "relative_strength": 157.903762,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 99.741018,
        "energy": 99.710052,
        "activity_lines": [
          83.213332,
          67.856363,
          56.890714,
          52.209785
        ]
      },
      {
        "date": "2025-05-30",
        "close": 113.0,
        "volume": 7932605,
        "typical_volume": 3428260.3,
        "trend": 50.068333,
        "fair_value": 49.963406,
        "relative_strength": 144.155271,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 95.667597,
        "energy": 98.410698,
        "activity_lines": [
          96.813333,
          77.68909,
          62.891904,
          56.40914
        ]
      },
      {
        "date": "2025-06-06",
        "close": 107.5,
        "volume": 6251012,
        "typical_volume": 3726110.9,
        "trend": 52.085,
        "fair_value": 50.317151,
        "relative_strength": 123.017652,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.840956,
        "energy": 91.841973,
        "activity_lines": [
          104.38,
          85.346363,
          68.018809,
          60.114408
        ]
      },
      {
        "date": "2025-06-13",
        "close": 111.5,
        "volume": 10976416,
        "typical_volume": 4264181.7,
        "trend": 54.268333,
        "fair_value": 50.687621,
        "relative_strength": 121.025726,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.880362,
        "energy": 90.354663,
        "activity_lines": [
          109.48,
          92.61909,
          73.20119,
          63.947634
        ]
      },
      {
        "date": "2025-06-20",
        "close": 126.0,
        "volume": 57960583,
        "typical_volume": 7156510.85,
        "trend": 56.985,
        "fair_value": 51.135189,
        "relative_strength": 142.223041,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.570494,
        "energy": 73.975248,
        "activity_lines": [
          116.133333,
          101.312727,
          79.414285,
          68.575484
        ]
      },
      {
        "date": "2025-06-27",
        "close": 127.0,
        "volume": 3065447,
        "typical_volume": 7302928.2,
        "trend": 59.778333,
        "fair_value": 51.600559,
        "relative_strength": 131.843835,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.86446,
        "energy": 71.75852,
        "activity_lines": [
          120.1,
          108.630909,
          85.302142,
          73.09258
        ]
      },
      {
        "date": "2025-07-04",
        "close": 137.0,
        "volume": 3818559,
        "typical_volume": 7483750.55,
        "trend": 62.891667,
        "fair_value": 52.114676,
        "relative_strength": 143.021116,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.354357,
        "energy": 72.783527,
        "activity_lines": [
          126.766667,
          116.34,
          91.732857,
          78.074623
        ]
      },
      {
        "date": "2025-07-11",
        "close": 128.5,
        "volume": 30225634,
        "typical_volume": 8984881.8,
        "trend": 65.736667,
        "fair_value": 52.605514,
        "relative_strength": 120.044769,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.481707,
        "energy": 66.467639,
        "activity_lines": [
          129.0,
          120.921818,
          96.894762,
          82.307419
        ]
      },
      {
        "date": "2025-07-18",
        "close": 120.5,
        "volume": 25137667,
        "typical_volume": 10223670.8,
        "trend": 68.363333,
        "fair_value": 53.054977,
        "relative_strength": 96.152819,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.992283,
        "energy": 63.508491,
        "activity_lines": [
          127.166667,
          122.630909,
          100.879524,
          85.840537
        ]
      },
      {
        "date": "2025-07-25",
        "close": 116.5,
        "volume": 2702772,
        "typical_volume": 10345857.35,
        "trend": 70.913333,
        "fair_value": 53.48177,
        "relative_strength": 85.830479,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.629617,
        "energy": 55.316781,
        "activity_lines": [
          123.4,
          122.554545,
          104.119047,
          88.946129
        ]
      },
      {
        "date": "2025-08-01",
        "close": 117.5,
        "volume": 1935377,
        "typical_volume": 10393582.4,
        "trend": 73.491667,
        "fair_value": 53.901104,
        "relative_strength": 83.008041,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 47.438112,
        "energy": 41.269777,
        "activity_lines": [
          120.6,
          122.009091,
          107.107619,
          91.95172
        ]
      },
      {
        "date": "2025-08-08",
        "close": 102.5,
        "volume": 12065331,
        "typical_volume": 10926850.75,
        "trend": 75.595,
        "fair_value": 54.227257,
        "relative_strength": 53.406993,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.937412,
        "energy": 27.260591,
        "activity_lines": [
          113.433333,
          118.736364,
          108.325714,
          93.823226
        ]
      },
      {
        "date": "2025-08-15",
        "close": 103.5,
        "volume": 9346644,
        "typical_volume": 11346842.0,
        "trend": 77.74,
        "fair_value": 54.562296,
        "relative_strength": 50.562469,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.914497,
        "energy": 23.950063,
        "activity_lines": [
          108.9,
          115.836364,
          109.38119,
          95.623548
        ]
      },
      {
        "date": "2025-08-22",
        "close": 101.0,
        "volume": 7563889,
        "typical_volume": 11705505.45,
        "trend": 79.841666,
        "fair_value": 54.869421,
        "relative_strength": 48.115715,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 29.443101,
        "energy": 24.626474,
        "activity_lines": [
          105.2,
          112.554545,
          109.926428,
          97.124193
        ]
      },
      {
        "date": "2025-08-29",
        "close": 100.5,
        "volume": 6550500,
        "typical_volume": 12000673.0,
        "trend": 81.935,
        "fair_value": 55.153527,
        "relative_strength": 42.466368,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 15.328443,
        "energy": 21.507346,
        "activity_lines": [
          102.633333,
          109.372727,
          110.155714,
          98.456989
        ]
      },
      {
        "date": "2025-09-05",
        "close": 97.900002,
        "volume": 9197851,
        "typical_volume": 12416405.45,
        "trend": 83.831666,
        "fair_value": 55.402795,
        "relative_strength": 35.51613,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 8.629096,
        "energy": 17.099057,
        "activity_lines": [
          100.266667,
          106.181819,
          109.850952,
          99.486989
        ]
      },
      {
        "date": "2025-09-12",
        "close": 99.0,
        "volume": 12681048,
        "typical_volume": 13003927.35,
        "trend": 85.78,
        "fair_value": 55.630712,
        "relative_strength": 30.159062,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 6.74396,
        "energy": 16.081349,
        "activity_lines": [
          99.573334,
          103.72,
          109.415714,
          100.465591
        ]
      },
      {
        "date": "2025-09-19",
        "close": 96.300003,
        "volume": 4559006,
        "typical_volume": 13180854.15,
        "trend": 87.613333,
        "fair_value": 55.860659,
        "relative_strength": 24.741737,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -0.117947,
        "energy": 15.658579,
        "activity_lines": [
          98.213335,
          101.458183,
          108.49,
          101.144301
        ]
      },
      {
        "date": "2025-09-26",
        "close": 91.199997,
        "volume": 6554338,
        "typical_volume": 13285751.55,
        "trend": 89.186666,
        "fair_value": 56.070604,
        "relative_strength": 16.959361,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": -8.964421,
        "energy": 27.188374,
        "activity_lines": [
          95.633333,
          98.854546,
          106.860476,
          101.375699
        ]
      },
      {
        "date": "2025-10-03",
        "close": 90.400002,
        "volume": 1862159,
        "typical_volume": 11546958.25,
        "trend": 90.74,
        "fair_value": 56.278443,
        "relative_strength": 9.846701,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": -10.476416,
        "energy": 36.540935,
        "activity_lines": [
          93.440001,
          96.638182,
          105.017143,
          101.453979
        ]
      },
      {
        "date": "2025-10-10",
        "close": 101.0,
        "volume": 1901753,
        "typical_volume": 11114429.55,
        "trend": 92.583333,
        "fair_value": 56.54577,
        "relative_strength": 19.076837,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": -3.309712,
        "energy": 26.178885,
        "activity_lines": [
          95.453334,
          96.823637,
          104.137143,
          102.115914
        ]
      },
      {
        "date": "2025-10-17",
        "close": 125.264709,
        "volume": 28088318,
        "typical_volume": 12122215.2,
        "trend": 95.147157,
        "fair_value": 57.011545,
        "relative_strength": 45.351324,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 49.618112,
        "energy": 25.34195,
        "activity_lines": [
          105.348237,
          101.720857,
          105.646639,
          104.22439
        ]
      },
      {
        "date": "2025-10-24",
        "close": 113.0,
        "volume": 3321618,
        "typical_volume": 11975745.5,
        "trend": 97.368824,
        "fair_value": 57.421061,
        "relative_strength": 28.301239,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.357159,
        "energy": 30.669817,
        "activity_lines": [
          109.403922,
          103.974225,
          105.929664,
          105.376186
        ]
      },
      {
        "date": "2025-10-31",
        "close": 104.5,
        "volume": 3910753,
        "typical_volume": 11622462.35,
        "trend": 99.363824,
        "fair_value": 57.789988,
        "relative_strength": 14.577909,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.005948,
        "energy": 27.90822,
        "activity_lines": [
          109.512942,
          104.509412,
          105.376975,
          105.836262
        ]
      },
      {
        "date": "2025-11-07",
        "close": 97.0,
        "volume": 4525789,
        "typical_volume": 8950722.65,
        "trend": 101.252157,
        "fair_value": 58.110838,
        "relative_strength": 7.666889,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 9.700263,
        "energy": 18.117793,
        "activity_lines": [
          106.235295,
          103.617327,
          104.143334,
          105.683757
        ]
      },
      {
        "date": "2025-11-14",
        "close": 96.5,
        "volume": 3006825,
        "typical_volume": 8947791.55,
        "trend": 102.852157,
        "fair_value": 58.415792,
        "relative_strength": 7.112477,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -26.323273,
        "energy": 14.041743,
        "activity_lines": [
          102.350981,
          102.697968,
          103.000169,
          105.377167
        ]
      },
      {
        "date": "2025-11-21",
        "close": 91.599998,
        "volume": 6004425,
        "typical_volume": 9057084.85,
        "trend": 104.238824,
        "fair_value": 58.680876,
        "relative_strength": 4.454326,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -34.851211,
        "energy": 38.820069,
        "activity_lines": [
          97.133333,
          100.913155,
          101.535574,
          104.651221
        ]
      },
      {
        "date": "2025-11-28",
        "close": 97.099998,
        "volume": 2548432,
        "typical_volume": 7673224.75,
        "trend": 105.792157,
        "fair_value": 58.978799,
        "relative_strength": 4.959534,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.111223,
        "energy": 50.490965,
        "activity_lines": [
          95.993332,
          100.262887,
          100.81098,
          104.190652
        ]
      },
      {
        "date": "2025-12-05",
        "close": 94.599998,
        "volume": 1636829,
        "typical_volume": 6498182.85,
        "trend": 106.868823,
        "fair_value": 59.266136,
        "relative_strength": 0.143923,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.595903,
        "energy": 57.801119,
        "activity_lines": [
          95.079998,
          99.143529,
          99.997815,
          103.468577
        ]
      },
      {
        "date": "2025-12-12",
        "close": 94.5,
        "volume": 2729219,
        "typical_volume": 6499505.2,
        "trend": 107.328824,
        "fair_value": 59.523824,
        "relative_strength": -1.568154,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.617688,
        "energy": 54.606072,
        "activity_lines": [
          94.793332,
          97.94417,
          99.298459,
          102.670588
        ]
      },
      {
        "date": "2025-12-19",
        "close": 91.5,
        "volume": 1606226,
        "typical_volume": 6483047.65,
        "trend": 106.462157,
        "fair_value": 59.771951,
        "relative_strength": -3.777689,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.636267,
        "energy": 43.379589,
        "activity_lines": [
          93.673333,
          96.124812,
          98.418151,
          101.649374
        ]
      },
      {
        "date": "2025-12-26",
        "close": 99.300003,
        "volume": 3209293,
        "typical_volume": 6040245.75,
        "trend": 106.00549,
        "fair_value": 60.041071,
        "relative_strength": 0.325676,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -51.632508,
        "energy": 30.47629,
        "activity_lines": [
          95.486667,
          95.896364,
          98.40451,
          101.187299
        ]
      },
      {
        "date": "2026-01-02",
        "close": 93.199997,
        "volume": 2195733,
        "typical_volume": 5682700.2,
        "trend": 105.528824,
        "fair_value": 60.284383,
        "relative_strength": -9.115471,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.922163,
        "energy": 30.838679,
        "activity_lines": [
          94.753333,
          95.030908,
          97.825154,
          100.361138
        ]
      },
      {
        "date": "2026-01-09",
        "close": 93.800003,
        "volume": 2174894,
        "typical_volume": 5413250.45,
        "trend": 104.938824,
        "fair_value": 60.534563,
        "relative_strength": -12.033179,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.007071,
        "energy": 29.897804,
        "activity_lines": [
          94.480001,
          94.634546,
          97.351989,
          99.60444
        ]
      },
      {
        "date": "2026-01-16",
        "close": 95.400002,
        "volume": 5140496,
        "typical_volume": 5342750.25,
        "trend": 103.918824,
        "fair_value": 60.800438,
        "relative_strength": -14.347371,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -40.646716,
        "energy": 22.505587,
        "activity_lines": [
          94.793335,
          94.723637,
          97.06549,
          98.989032
        ]
      },
      {
        "date": "2026-01-23",
        "close": 92.5,
        "volume": 1911222,
        "typical_volume": 4978418.8,
        "trend": 102.768824,
        "fair_value": 61.050745,
        "relative_strength": -18.939034,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.931136,
        "energy": 32.345508,
        "activity_lines": [
          94.080001,
          94.314546,
          96.527087,
          98.252334
        ]
      },
      {
        "date": "2026-01-30",
        "close": 98.199997,
        "volume": 5725098,
        "typical_volume": 4630621.3,
        "trend": 101.47549,
        "fair_value": 61.340611,
        "relative_strength": -14.887718,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.465489,
        "energy": 19.197689,
        "activity_lines": [
          95.2,
          95.014545,
          96.557255,
          97.957571
        ]
      },
      {
        "date": "2026-02-06",
        "close": 91.0,
        "volume": 3186208,
        "typical_volume": 4561981.4,
        "trend": 100.22549,
        "fair_value": 61.572843,
        "relative_strength": -20.903348,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.336882,
        "energy": 28.628,
        "activity_lines": [
          93.993333,
          94.285455,
          95.905518,
          97.281733
        ]
      },
      {
        "date": "2026-02-13",
        "close": 95.0,
        "volume": 1334859,
        "typical_volume": 4301007.45,
        "trend": 99.37549,
        "fair_value": 61.829506,
        "relative_strength": -22.349062,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.579072,
        "energy": 23.714899,
        "activity_lines": [
          94.266666,
          94.394545,
          95.659972,
          96.944605
        ]
      },
      {
        "date": "2026-02-27",
        "close": 91.300003,
        "volume": 3057643,
        "typical_volume": 4360781.65,
        "trend": 98.53549,
        "fair_value": 62.066078,
        "relative_strength": -29.49684,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.812678,
        "energy": 28.345887,
        "activity_lines": [
          93.226667,
          93.823637,
          95.04395,
          96.423605
        ]
      },
      {
        "date": "2026-03-06",
        "close": 83.300003,
        "volume": 4411156,
        "typical_volume": 4486251.8,
        "trend": 97.395491,
        "fair_value": 62.241094,
        "relative_strength": -32.402721,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.302393,
        "energy": 61.383198,
        "activity_lines": [
          89.793335,
          91.856365,
          93.661737,
          95.440671
        ]
      },
      {
        "date": "2026-03-13",
        "close": 92.5,
        "volume": 4241066,
        "typical_volume": 3293889.2,
        "trend": 97.062157,
        "fair_value": 62.473271,
        "relative_strength": -24.816216,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.128072,
        "energy": 44.281224,
        "activity_lines": [
          90.040001,
          91.71091,
          93.24,
          95.124833
        ]
      },
      {
        "date": "2026-03-20",
        "close": 107.0,
        "volume": 20109404,
        "typical_volume": 4133278.5,
        "trend": 97.178824,
        "fair_value": 62.810484,
        "relative_strength": -13.901595,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -8.787281,
        "energy": 5.348678,
        "activity_lines": [
          95.500001,
          94.325455,
          94.355239,
          95.765984
        ]
      },
      {
        "date": "2026-03-27",
        "close": 93.300003,
        "volume": 6488789,
        "typical_volume": 4262180.3,
        "trend": 96.922157,
        "fair_value": 63.051415,
        "relative_strength": -24.199622,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -22.610086,
        "energy": 9.515932,
        "activity_lines": [
          95.326668,
          94.198183,
          94.194286,
          95.515737
        ]
      },
      {
        "date": "2026-04-03",
        "close": 90.5,
        "volume": 1866398,
        "typical_volume": 4129210.75,
        "trend": 96.588824,
        "fair_value": 63.264125,
        "relative_strength": -25.499075,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -36.792753,
        "energy": 18.53837,
        "activity_lines": [
          94.333334,
          93.57091,
          93.820001,
          95.101405
        ]
      },
      {
        "date": "2026-04-10",
        "close": 87.099998,
        "volume": 2294441,
        "typical_volume": 4093591.55,
        "trend": 96.228824,
        "fair_value": 63.456853,
        "relative_strength": -34.181534,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -53.419631,
        "energy": 22.249161,
        "activity_lines": [
          92.26,
          92.414546,
          93.152858,
          94.489222
        ]
      },
      {
        "date": "2026-04-17",
        "close": 83.599998,
        "volume": 2903357,
        "typical_volume": 3938538.15,
        "trend": 95.71549,
        "fair_value": 63.636209,
        "relative_strength": -39.27044,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -61.480069,
        "energy": 47.799967,
        "activity_lines": [
          88.766666,
          90.72,
          92.197143,
          93.674459
        ]
      },
      {
        "date": "2026-04-24",
        "close": 82.199997,
        "volume": 3159275,
        "typical_volume": 3969080.3,
        "trend": 95.24549,
        "fair_value": 63.801757,
        "relative_strength": -43.438142,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.982123,
        "energy": 59.490775,
        "activity_lines": [
          85.399998,
          89.036363,
          91.14619,
          92.802492
        ]
      },
      {
        "date": "2026-05-01",
        "close": 83.699997,
        "volume": 2137771,
        "typical_volume": 3994127.4,
        "trend": 94.99549,
        "fair_value": 63.992632,
        "relative_strength": -42.288693,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.809519,
        "energy": 58.892575,
        "activity_lines": [
          84.186664,
          87.785453,
          90.309047,
          92.057622
        ]
      },
      {
        "date": "2026-05-08",
        "close": 82.800003,
        "volume": 2069697,
        "typical_volume": 3961151.3,
        "trend": 94.742157,
        "fair_value": 64.175321,
        "relative_strength": -46.461817,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.480173,
        "energy": 59.230037,
        "activity_lines": [
          83.313333,
          86.576363,
          89.438095,
          91.270816
        ]
      },
      {
        "date": "2026-05-15",
        "close": 83.599998,
        "volume": 2437764,
        "typical_volume": 4002728.2,
        "trend": 94.162157,
        "fair_value": 64.351051,
        "relative_strength": -45.10865,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.643433,
        "energy": 48.64892,
        "activity_lines": [
          83.219999,
          85.667272,
          88.699047,
          90.551967
        ]
      },
      {
        "date": "2026-05-22",
        "close": 93.699997,
        "volume": 6423178,
        "typical_volume": 4163422.45,
        "trend": 93.11,
        "fair_value": 64.596964,
        "relative_strength": -39.607829,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -30.802941,
        "energy": 17.986943,
        "activity_lines": [
          86.726665,
          86.58909,
          88.959523,
          90.52215
        ]
      },
      {
        "date": "2026-05-29",
        "close": 85.0,
        "volume": 3456953,
        "typical_volume": 4226483.45,
        "trend": 92.176666,
        "fair_value": 64.801007,
        "relative_strength": -47.259679,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -38.823746,
        "energy": 19.238689,
        "activity_lines": [
          86.659999,
          85.907272,
          88.418095,
          89.998924
        ]
      },
      {
        "date": "2026-06-05",
        "close": 81.900002,
        "volume": 2116992,
        "typical_volume": 4223588.35,
        "trend": 91.423333,
        "fair_value": 64.985782,
        "relative_strength": -48.610708,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -44.878729,
        "energy": 21.729841,
        "activity_lines": [
          85.373333,
          85.061818,
          87.620476,
          89.335914
        ]
      },
      {
        "date": "2026-06-12",
        "close": 74.5,
        "volume": 2570471,
        "typical_volume": 4095087.1,
        "trend": 90.673333,
        "fair_value": 65.122517,
        "relative_strength": -51.434081,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.297952,
        "energy": 35.316436,
        "activity_lines": [
          81.74,
          83.078181,
          86.174762,
          88.244086
        ]
      },
      {
        "date": "2026-06-19",
        "close": 73.699997,
        "volume": 1027315,
        "typical_volume": 4050891.75,
        "trend": 89.913333,
        "fair_value": 65.245664,
        "relative_strength": -53.43633,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.411336,
        "energy": 72.229461,
        "activity_lines": [
          78.393333,
          81.239999,
          84.75238,
          87.149032
        ]
      },
      {
        "date": "2026-06-26",
        "close": 68.0,
        "volume": 1814343,
        "typical_volume": 3855354.0,
        "trend": 89.126666,
        "fair_value": 65.338315,
        "relative_strength": -54.127477,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -82.04854,
        "energy": 85.325132,
        "activity_lines": [
          73.806666,
          78.60909,
          82.876666,
          85.735268
        ]
      },
      {
        "date": "2026-07-03",
        "close": 72.800003,
        "volume": 1531478,
        "typical_volume": 3772617.5,
        "trend": 88.316667,
        "fair_value": 65.461131,
        "relative_strength": -52.081059,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.787236,
        "energy": 79.606132,
        "activity_lines": [
          72.533334,
          77.134546,
          81.601904,
          84.681935
        ]
      },
      {
        "date": "2026-07-10",
        "close": 71.0,
        "volume": 877242,
        "typical_volume": 3749736.65,
        "trend": 87.53,
        "fair_value": 65.561531,
        "relative_strength": -50.473633,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.067071,
        "energy": 78.97066,
        "activity_lines": [
          71.473334,
          75.503636,
          80.242381,
          83.564731
        ]
      },
      {
        "date": "2026-07-17",
        "close": 64.599998,
        "volume": 1752823,
        "typical_volume": 3684495.65,
        "trend": 86.533333,
        "fair_value": 65.622719,
        "relative_strength": -50.868505,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -79.550963,
        "energy": 82.604567,
        "activity_lines": [
          69.006666,
          72.94,
          78.387619,
          82.085376
        ]
      },
      {
        "date": "2026-07-24",
        "close": 63.200001,
        "volume": 1144101,
        "typical_volume": 3521142.9,
        "trend": 85.59,
        "fair_value": 65.676141,
        "relative_strength": -51.90394,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.727323,
        "energy": 76.882261,
        "activity_lines": [
          66.733334,
          70.452727,
          76.526666,
          80.58
        ]
      },
      {
        "date": "2026-07-31",
        "close": 57.099998,
        "volume": 2081389,
        "typical_volume": 3413159.05,
        "trend": 84.183333,
        "fair_value": 65.688042,
        "relative_strength": -54.952972,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -85.500048,
        "energy": 89.526059,
        "activity_lines": [
          63.126666,
          67.227272,
          74.180476,
          78.741935
        ]
      },
      {
        "date": "2026-08-07",
        "close": 57.5,
        "volume": 1110519,
        "typical_volume": 2463214.8,
        "trend": 82.993333,
        "fair_value": 65.711573,
        "relative_strength": -54.670691,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.353629,
        "energy": 88.665429,
        "activity_lines": [
          60.379999,
          64.74,
          72.040952,
          77.02043
        ]
      },
      {
        "date": "2026-08-14",
        "close": 66.800003,
        "volume": 1307158,
        "typical_volume": 2204133.25,
        "trend": 82.093333,
        "fair_value": 65.806805,
        "relative_strength": -48.185455,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.181714,
        "energy": 69.015576,
        "activity_lines": [
          61.753334,
          64.443637,
          71.022857,
          75.975699
        ]
      }
    ],
    "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."
    }
  }
}