{
  "ticker": {
    "uuid": "22d9e2a4-d403-4328-803a-6767886cf9d6",
    "symbol": "WRD",
    "name": "HSBC MSCI World UCITS ETF",
    "exchange": "PAR",
    "country": "FR",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^FCHI",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 84.801,
    "architecture_energy": 68.025,
    "architecture_maturity": 84.679,
    "architecture_confidence": 74.614,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 13.46,
        "rotation_up": 54.17,
        "upward_expansion": 83.0,
        "deceleration": 71.26,
        "rotation_down": 28.86,
        "downward_expansion": 12.0
      },
      "activity_lines": [
        42.626139,
        42.459591,
        41.868768,
        41.022057
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 43.470001,
    "trend_reference": 40.031715,
    "distance_from_trend": 0.085889,
    "trend_direction": "Improving",
    "fair_value": 33.929568,
    "distance_from_fair_value": 0.281183,
    "fair_value_direction": "Improving",
    "relative_strength": 4.641248,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.139267,
    "excess_performance": 0.085956,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.085889,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.04066,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.281183,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.036494,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.046412,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.03864,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.139267,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.862136,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 44367,
      "relative_activity": 1.714865,
      "balance": 3.862136,
      "dry_up": 0.988839,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.016655,
      "annualized_volatility": 0.105161,
      "from_high_reference": -0.002013,
      "from_low_reference": 0.235445
    },
    "levels": {
      "trend_reference": 40.031715,
      "fair_value_reference": 33.929568,
      "structural_low": 36.369898,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 37,
        "median_return": 0.009536,
        "positive_rate": 0.675676,
        "directional_follow_through": 0.675676,
        "median_excess_return": 0.005241,
        "regime_survival": 0.810811,
        "best_return": 0.198423,
        "worst_return": -0.157871,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
        "median_return": 0.033625,
        "positive_rate": 0.769231,
        "directional_follow_through": 0.769231,
        "median_excess_return": 0.033257,
        "regime_survival": 0.461538,
        "best_return": 0.100637,
        "worst_return": -0.151462,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.085063,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.714286,
        "median_excess_return": 0.083277,
        "regime_survival": 0.428571,
        "best_return": 0.151345,
        "worst_return": -0.07668,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.06392,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.108462,
        "regime_survival": 0.0,
        "best_return": 0.23235,
        "worst_return": 0.013331,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-24",
        "end": "2024-08-02",
        "tenure": "Developing",
        "return": -0.01527,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-09",
        "end": "2024-09-27",
        "tenure": "Developing",
        "return": 0.062373,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-04",
        "end": "2025-02-28",
        "tenure": "Established",
        "return": 0.084405,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-07",
        "end": "2025-04-11",
        "tenure": "Developing",
        "return": -0.114384,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-06-06",
        "tenure": "Developing",
        "return": 0.126959,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-13",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.020609,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-18",
        "end": "2025-08-22",
        "tenure": "Developing",
        "return": 0.02844,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-29",
        "end": "2025-11-21",
        "tenure": "Established",
        "return": 0.033937,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-28",
        "end": "2026-01-16",
        "tenure": "Developing",
        "return": 0.030228,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-23",
        "end": "2026-02-13",
        "tenure": "New",
        "return": -0.00494,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-02-20",
        "end": "2026-03-27",
        "tenure": "Developing",
        "return": -0.053931,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-04-03",
        "end": "2026-04-10",
        "tenure": "New",
        "return": 0.022959,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-17",
        "end": "2026-04-24",
        "tenure": "New",
        "return": 0.001325,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-01",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": 0.09408,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 25.676317,
        "volume": 15474,
        "typical_volume": 36456.6,
        "trend": 25.17218,
        "fair_value": 23.712518,
        "relative_strength": -0.14804,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.871369,
        "energy": 37.33928,
        "activity_lines": [
          26.11146,
          26.12268,
          25.879177,
          25.547018
        ]
      },
      {
        "date": "2023-08-25",
        "close": 25.99464,
        "volume": 24018,
        "typical_volume": 36428.5,
        "trend": 25.223668,
        "fair_value": 23.758185,
        "relative_strength": 0.446436,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 39.457585,
        "energy": 24.237312,
        "activity_lines": [
          26.028364,
          26.103201,
          25.922275,
          25.60008
        ]
      },
      {
        "date": "2023-09-01",
        "close": 26.732262,
        "volume": 21507,
        "typical_volume": 36175.2,
        "trend": 25.281303,
        "fair_value": 23.811271,
        "relative_strength": 2.560843,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 60.809089,
        "energy": 34.827027,
        "activity_lines": [
          26.2141,
          26.2214,
          26.027951,
          25.697409
        ]
      },
      {
        "date": "2023-09-08",
        "close": 26.647633,
        "volume": 21277,
        "typical_volume": 34878.0,
        "trend": 25.341671,
        "fair_value": 23.864207,
        "relative_strength": 3.240821,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 64.361381,
        "energy": 40.841295,
        "activity_lines": [
          26.374511,
          26.305217,
          26.115482,
          25.785559
        ]
      },
      {
        "date": "2023-09-15",
        "close": 26.862091,
        "volume": 16010,
        "typical_volume": 33357.6,
        "trend": 25.412235,
        "fair_value": 23.918829,
        "relative_strength": 2.31225,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.861609,
        "energy": 57.304369,
        "activity_lines": [
          26.584225,
          26.419651,
          26.213794,
          25.883651
        ]
      },
      {
        "date": "2023-09-22",
        "close": 26.270649,
        "volume": 42972,
        "typical_volume": 34256.6,
        "trend": 25.473716,
        "fair_value": 23.970271,
        "relative_strength": 3.008082,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.693336,
        "energy": 51.246819,
        "activity_lines": [
          26.546911,
          26.40749,
          26.244893,
          25.939032
        ]
      },
      {
        "date": "2023-09-29",
        "close": 26.211021,
        "volume": 45454,
        "typical_volume": 35870.75,
        "trend": 25.523878,
        "fair_value": 24.019351,
        "relative_strength": 3.711881,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.096748,
        "energy": 38.349215,
        "activity_lines": [
          26.4501,
          26.378095,
          26.262034,
          25.9866
        ]
      },
      {
        "date": "2023-10-06",
        "close": 25.866732,
        "volume": 68829,
        "typical_volume": 35108.4,
        "trend": 25.584272,
        "fair_value": 24.063417,
        "relative_strength": 3.632569,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 28.880076,
        "energy": 17.191465,
        "activity_lines": [
          26.2241,
          26.28843,
          26.239797,
          26.00872
        ]
      },
      {
        "date": "2023-10-13",
        "close": 26.385088,
        "volume": 30567,
        "typical_volume": 30037.35,
        "trend": 25.670578,
        "fair_value": 24.109461,
        "relative_strength": 6.656955,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 34.722054,
        "energy": 19.221354,
        "activity_lines": [
          26.228588,
          26.309534,
          26.264248,
          26.060386
        ]
      },
      {
        "date": "2023-10-20",
        "close": 25.530617,
        "volume": 33636,
        "typical_volume": 28036.05,
        "trend": 25.728178,
        "fair_value": 24.15255,
        "relative_strength": 6.135123,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": -4.055248,
        "energy": 14.021084,
        "activity_lines": [
          25.965755,
          26.174004,
          26.202451,
          26.051356
        ]
      },
      {
        "date": "2023-10-27",
        "close": 25.0903,
        "volume": 210874,
        "typical_volume": 37412.55,
        "trend": 25.747775,
        "fair_value": 24.197403,
        "relative_strength": 4.725983,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -36.052975,
        "energy": 34.448618,
        "activity_lines": [
          25.644914,
          25.969021,
          26.099781,
          26.010202
        ]
      },
      {
        "date": "2023-11-03",
        "close": 26.091635,
        "volume": 127533,
        "typical_volume": 43176.7,
        "trend": 25.804717,
        "fair_value": 24.24219,
        "relative_strength": 5.019541,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -13.744307,
        "energy": 23.222752,
        "activity_lines": [
          25.736542,
          25.956754,
          26.096085,
          26.032387
        ]
      },
      {
        "date": "2023-11-10",
        "close": 26.147638,
        "volume": 38078,
        "typical_volume": 43577.25,
        "trend": 25.855813,
        "fair_value": 24.284117,
        "relative_strength": 5.27693,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -9.232237,
        "energy": 17.101734,
        "activity_lines": [
          25.854797,
          25.952906,
          26.098195,
          26.054511
        ]
      },
      {
        "date": "2023-11-17",
        "close": 26.539675,
        "volume": 50021,
        "typical_volume": 44986.1,
        "trend": 25.919724,
        "fair_value": 24.327442,
        "relative_strength": 4.066403,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 41.164342,
        "energy": 16.48734,
        "activity_lines": [
          26.085003,
          26.030967,
          26.135451,
          26.098631
        ]
      },
      {
        "date": "2023-11-24",
        "close": 26.731831,
        "volume": 14834,
        "typical_volume": 45013.6,
        "trend": 25.991583,
        "fair_value": 24.37049,
        "relative_strength": 3.985202,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 51.392986,
        "energy": 34.649313,
        "activity_lines": [
          26.368956,
          26.145928,
          26.189327,
          26.151025
        ]
      },
      {
        "date": "2023-12-01",
        "close": 27.076551,
        "volume": 140445,
        "typical_volume": 50438.55,
        "trend": 26.076399,
        "fair_value": 24.415866,
        "relative_strength": 4.549209,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 71.297948,
        "energy": 60.042505,
        "activity_lines": [
          26.687734,
          26.325934,
          26.271663,
          26.221023
        ]
      },
      {
        "date": "2023-12-08",
        "close": 27.41548,
        "volume": 73322,
        "typical_volume": 51876.2,
        "trend": 26.162661,
        "fair_value": 24.464345,
        "relative_strength": 3.306555,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.384957,
        "energy": 77.903186,
        "activity_lines": [
          26.987072,
          26.552911,
          26.380766,
          26.307415
        ]
      },
      {
        "date": "2023-12-15",
        "close": 27.819103,
        "volume": 206184,
        "typical_volume": 61287.95,
        "trend": 26.246498,
        "fair_value": 24.514251,
        "relative_strength": 3.831941,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.481677,
        "energy": 86.918585,
        "activity_lines": [
          27.332695,
          26.831374,
          26.523183,
          26.414282
        ]
      },
      {
        "date": "2023-12-22",
        "close": 27.83069,
        "volume": 269424,
        "typical_volume": 73061.35,
        "trend": 26.328776,
        "fair_value": 24.563924,
        "relative_strength": 4.205793,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.845975,
        "energy": 88.936754,
        "activity_lines": [
          27.570749,
          27.076447,
          26.661734,
          26.516488
        ]
      },
      {
        "date": "2023-12-29",
        "close": 27.759232,
        "volume": 60220,
        "typical_volume": 75533.95,
        "trend": 26.395631,
        "fair_value": 24.61275,
        "relative_strength": 4.227963,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.346435,
        "energy": 86.217011,
        "activity_lines": [
          27.698916,
          27.282243,
          26.786262,
          26.608776
        ]
      },
      {
        "date": "2024-01-05",
        "close": 27.69261,
        "volume": 49432,
        "typical_volume": 77231.85,
        "trend": 26.457108,
        "fair_value": 24.657765,
        "relative_strength": 5.535188,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.972161,
        "energy": 82.719398,
        "activity_lines": [
          27.736382,
          27.435406,
          26.896609,
          26.692452
        ]
      },
      {
        "date": "2024-01-12",
        "close": 28.046019,
        "volume": 46164,
        "typical_volume": 78339.15,
        "trend": 26.518951,
        "fair_value": 24.704738,
        "relative_strength": 6.050051,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.669585,
        "energy": 81.308758,
        "activity_lines": [
          27.850581,
          27.60551,
          27.031014,
          26.794962
        ]
      },
      {
        "date": "2024-01-19",
        "close": 28.164074,
        "volume": 110194,
        "typical_volume": 82773.5,
        "trend": 26.601501,
        "fair_value": 24.751562,
        "relative_strength": 7.604489,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.744687,
        "energy": 78.914884,
        "activity_lines": [
          27.962095,
          27.761545,
          27.166893,
          26.901099
        ]
      },
      {
        "date": "2024-01-26",
        "close": 28.828718,
        "volume": 43745,
        "typical_volume": 83896.9,
        "trend": 26.689561,
        "fair_value": 24.806347,
        "relative_strength": 6.166064,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 89.611436,
        "energy": 90.412596,
        "activity_lines": [
          28.27216,
          28.001762,
          27.359253,
          27.044791
        ]
      },
      {
        "date": "2024-02-02",
        "close": 29.175575,
        "volume": 93753,
        "typical_volume": 87784.05,
        "trend": 26.801619,
        "fair_value": 24.857089,
        "relative_strength": 7.810852,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 91.461818,
        "energy": 96.089814,
        "activity_lines": [
          28.631308,
          28.263424,
          27.574261,
          27.205179
        ]
      },
      {
        "date": "2024-02-09",
        "close": 29.493366,
        "volume": 72193,
        "typical_volume": 89245.1,
        "trend": 26.920762,
        "fair_value": 24.908798,
        "relative_strength": 7.980308,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.199566,
        "energy": 96.142283,
        "activity_lines": [
          29.001963,
          28.538435,
          27.808519,
          27.37884
        ]
      },
      {
        "date": "2024-02-16",
        "close": 29.771433,
        "volume": 139827,
        "typical_volume": 93963.75,
        "trend": 27.035177,
        "fair_value": 24.962224,
        "relative_strength": 7.03748,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 89.725484,
        "energy": 96.201429,
        "activity_lines": [
          29.345258,
          28.820062,
          28.053913,
          27.562754
        ]
      },
      {
        "date": "2024-02-23",
        "close": 29.965204,
        "volume": 177041,
        "typical_volume": 99374.35,
        "trend": 27.141499,
        "fair_value": 25.020209,
        "relative_strength": 4.845526,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.558467,
        "energy": 94.678126,
        "activity_lines": [
          29.638115,
          29.094084,
          28.300807,
          27.751788
        ]
      },
      {
        "date": "2024-03-01",
        "close": 30.13282,
        "volume": 13337,
        "typical_volume": 98512.85,
        "trend": 27.268763,
        "fair_value": 25.080279,
        "relative_strength": 5.617378,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.388735,
        "energy": 93.434426,
        "activity_lines": [
          29.866768,
          29.359562,
          28.544148,
          27.944776
        ]
      },
      {
        "date": "2024-03-08",
        "close": 30.174479,
        "volume": 29180,
        "typical_volume": 98290.05,
        "trend": 27.404116,
        "fair_value": 25.134977,
        "relative_strength": 4.288824,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.032211,
        "energy": 88.546357,
        "activity_lines": [
          30.022368,
          29.590757,
          28.773609,
          28.132242
        ]
      },
      {
        "date": "2024-03-15",
        "close": 30.07081,
        "volume": 19751,
        "typical_volume": 88733.9,
        "trend": 27.550599,
        "fair_value": 25.18833,
        "relative_strength": 2.060348,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.403859,
        "energy": 68.426386,
        "activity_lines": [
          30.076818,
          29.75919,
          28.971085,
          28.304287
        ]
      },
      {
        "date": "2024-03-22",
        "close": 30.870129,
        "volume": 26866,
        "typical_volume": 83700.55,
        "trend": 27.713116,
        "fair_value": 25.245571,
        "relative_strength": 4.713257,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.965859,
        "energy": 75.369409,
        "activity_lines": [
          30.359211,
          30.029713,
          29.220969,
          28.51845
        ]
      },
      {
        "date": "2024-03-29",
        "close": 31.022242,
        "volume": 33320,
        "typical_volume": 83462.65,
        "trend": 27.856115,
        "fair_value": 25.301447,
        "relative_strength": 4.2973,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.677379,
        "energy": 74.218526,
        "activity_lines": [
          30.619062,
          30.276546,
          29.462585,
          28.731942
        ]
      },
      {
        "date": "2024-04-05",
        "close": 30.621128,
        "volume": 79553,
        "typical_volume": 84939.25,
        "trend": 27.988565,
        "fair_value": 25.353001,
        "relative_strength": 4.533659,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.67554,
        "energy": 67.07116,
        "activity_lines": [
          30.67474,
          30.398483,
          29.642787,
          28.91033
        ]
      },
      {
        "date": "2024-04-12",
        "close": 30.829437,
        "volume": 52131,
        "typical_volume": 86804.1,
        "trend": 28.12081,
        "fair_value": 25.404448,
        "relative_strength": 5.586638,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.535686,
        "energy": 68.040395,
        "activity_lines": [
          30.767299,
          30.525704,
          29.823393,
          29.093612
        ]
      },
      {
        "date": "2024-04-19",
        "close": 29.886726,
        "volume": 82404,
        "typical_volume": 83902.05,
        "trend": 28.241345,
        "fair_value": 25.451059,
        "relative_strength": 1.954293,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.806172,
        "energy": 61.110925,
        "activity_lines": [
          30.501958,
          30.451454,
          29.894705,
          29.207542
        ]
      },
      {
        "date": "2024-04-26",
        "close": 30.464537,
        "volume": 84989,
        "typical_volume": 84485.4,
        "trend": 28.383129,
        "fair_value": 25.501179,
        "relative_strength": 2.816583,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.89526,
        "energy": 49.123956,
        "activity_lines": [
          30.441493,
          30.475108,
          30.007664,
          29.350974
        ]
      },
      {
        "date": "2024-05-03",
        "close": 30.402283,
        "volume": 40389,
        "typical_volume": 76195.65,
        "trend": 28.534314,
        "fair_value": 25.550175,
        "relative_strength": 4.007403,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 47.164006,
        "energy": 42.223604,
        "activity_lines": [
          30.387316,
          30.474841,
          30.100175,
          29.481242
        ]
      },
      {
        "date": "2024-05-10",
        "close": 31.02677,
        "volume": 44603,
        "typical_volume": 64954.6,
        "trend": 28.689037,
        "fair_value": 25.605222,
        "relative_strength": 2.53684,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 72.081654,
        "energy": 49.249538,
        "activity_lines": [
          30.582632,
          30.58017,
          30.23986,
          29.642045
        ]
      },
      {
        "date": "2024-05-17",
        "close": 31.183376,
        "volume": 91004,
        "typical_volume": 66493.8,
        "trend": 28.877462,
        "fair_value": 25.660988,
        "relative_strength": 3.467884,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 75.222944,
        "energy": 58.537424,
        "activity_lines": [
          30.803107,
          30.697719,
          30.379241,
          29.802971
        ]
      },
      {
        "date": "2024-05-24",
        "close": 31.222284,
        "volume": 42041,
        "typical_volume": 66124.25,
        "trend": 29.081862,
        "fair_value": 25.715384,
        "relative_strength": 4.312198,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.00544,
        "energy": 61.132754,
        "activity_lines": [
          31.012956,
          30.803999,
          30.506022,
          29.954249
        ]
      },
      {
        "date": "2024-05-31",
        "close": 30.753431,
        "volume": 46795,
        "typical_volume": 66155.8,
        "trend": 29.237255,
        "fair_value": 25.76602,
        "relative_strength": 3.893172,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.318591,
        "energy": 54.826994,
        "activity_lines": [
          30.977483,
          30.804097,
          30.571342,
          30.062093
        ]
      },
      {
        "date": "2024-06-07",
        "close": 31.564682,
        "volume": 21394,
        "typical_volume": 61715.8,
        "trend": 29.417823,
        "fair_value": 25.820308,
        "relative_strength": 6.315388,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.26297,
        "energy": 60.999295,
        "activity_lines": [
          31.193167,
          30.953818,
          30.701031,
          30.212249
        ]
      },
      {
        "date": "2024-06-14",
        "close": 31.891512,
        "volume": 38250,
        "typical_volume": 61441.05,
        "trend": 29.596218,
        "fair_value": 25.876233,
        "relative_strength": 14.135701,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.74014,
        "energy": 65.402992,
        "activity_lines": [
          31.440302,
          31.153099,
          30.845654,
          30.371842
        ]
      },
      {
        "date": "2024-06-21",
        "close": 32.144421,
        "volume": 62304,
        "typical_volume": 59868.6,
        "trend": 29.776637,
        "fair_value": 25.931543,
        "relative_strength": 12.785652,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.01287,
        "energy": 74.16638,
        "activity_lines": [
          31.71409,
          31.375266,
          30.999779,
          30.536242
        ]
      },
      {
        "date": "2024-06-28",
        "close": 32.292274,
        "volume": 32342,
        "typical_volume": 57876.05,
        "trend": 29.950495,
        "fair_value": 25.985699,
        "relative_strength": 15.102786,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.509908,
        "energy": 87.161026,
        "activity_lines": [
          31.973092,
          31.600406,
          31.153847,
          30.698541
        ]
      },
      {
        "date": "2024-07-05",
        "close": 32.336044,
        "volume": 160605,
        "typical_volume": 58914.95,
        "trend": 30.114514,
        "fair_value": 26.039579,
        "relative_strength": 11.977535,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.22057,
        "energy": 87.685783,
        "activity_lines": [
          32.175352,
          31.789767,
          31.298757,
          30.852448
        ]
      },
      {
        "date": "2024-07-12",
        "close": 32.698868,
        "volume": 44676,
        "typical_volume": 52296.7,
        "trend": 30.277172,
        "fair_value": 26.096018,
        "relative_strength": 12.108287,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.661906,
        "energy": 90.544339,
        "activity_lines": [
          32.393046,
          32.011069,
          31.466008,
          31.01918
        ]
      },
      {
        "date": "2024-07-19",
        "close": 31.996572,
        "volume": 36443,
        "typical_volume": 53452.0,
        "trend": 30.416035,
        "fair_value": 26.145381,
        "relative_strength": 12.062658,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.874456,
        "energy": 73.872658,
        "activity_lines": [
          32.301029,
          32.062925,
          31.553356,
          31.130109
        ]
      },
      {
        "date": "2024-07-26",
        "close": 31.788568,
        "volume": 39978,
        "typical_volume": 53991.9,
        "trend": 30.550346,
        "fair_value": 26.194728,
        "relative_strength": 11.218272,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.737472,
        "energy": 54.339629,
        "activity_lines": [
          32.132673,
          32.059329,
          31.61202,
          31.21866
        ]
      },
      {
        "date": "2024-08-02",
        "close": 30.745531,
        "volume": 51817,
        "typical_volume": 55595.2,
        "trend": 30.65211,
        "fair_value": 26.234755,
        "relative_strength": 11.151784,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 22.854505,
        "energy": 18.52468,
        "activity_lines": [
          31.640362,
          31.855086,
          31.563661,
          31.231252
        ]
      },
      {
        "date": "2024-08-09",
        "close": 30.858927,
        "volume": 78858,
        "typical_volume": 58194.8,
        "trend": 30.745874,
        "fair_value": 26.274496,
        "relative_strength": 10.902642,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 11.968293,
        "energy": 20.66912,
        "activity_lines": [
          31.288965,
          31.680129,
          31.522888,
          31.244595
        ]
      },
      {
        "date": "2024-08-16",
        "close": 31.87557,
        "volume": 80883,
        "typical_volume": 60572.95,
        "trend": 30.869591,
        "fair_value": 26.321385,
        "relative_strength": 11.399694,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 29.879937,
        "energy": 24.60634,
        "activity_lines": [
          31.374924,
          31.688098,
          31.578992,
          31.317479
        ]
      },
      {
        "date": "2024-08-23",
        "close": 31.994829,
        "volume": 19937,
        "typical_volume": 57592.15,
        "trend": 30.975128,
        "fair_value": 26.367793,
        "relative_strength": 9.593241,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.99148,
        "energy": 22.773495,
        "activity_lines": [
          31.555522,
          31.712098,
          31.64239,
          31.390075
        ]
      },
      {
        "date": "2024-08-30",
        "close": 32.247032,
        "volume": 100149,
        "typical_volume": 59993.05,
        "trend": 31.07751,
        "fair_value": 26.415276,
        "relative_strength": 9.36986,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 56.895788,
        "energy": 28.816827,
        "activity_lines": [
          31.820305,
          31.780075,
          31.723266,
          31.472133
        ]
      },
      {
        "date": "2024-09-06",
        "close": 31.114063,
        "volume": 53960,
        "typical_volume": 58570.85,
        "trend": 31.131533,
        "fair_value": 26.456413,
        "relative_strength": 9.226805,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 21.616691,
        "energy": 16.69091,
        "activity_lines": [
          31.676866,
          31.640191,
          31.68949,
          31.474492
        ]
      },
      {
        "date": "2024-09-13",
        "close": 32.203041,
        "volume": 31401,
        "typical_volume": 55891.45,
        "trend": 31.212586,
        "fair_value": 26.505056,
        "relative_strength": 10.968389,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 45.61092,
        "energy": 27.273708,
        "activity_lines": [
          31.871852,
          31.719726,
          31.753582,
          31.543621
        ]
      },
      {
        "date": "2024-09-20",
        "close": 32.348698,
        "volume": 85793,
        "typical_volume": 58161.65,
        "trend": 31.292036,
        "fair_value": 26.55437,
        "relative_strength": 10.590764,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 58.379054,
        "energy": 35.545235,
        "activity_lines": [
          32.025782,
          31.828162,
          31.823267,
          31.616919
        ]
      },
      {
        "date": "2024-09-27",
        "close": 32.783695,
        "volume": 43623,
        "typical_volume": 58112.65,
        "trend": 31.380399,
        "fair_value": 26.609256,
        "relative_strength": 7.601206,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 65.07499,
        "energy": 46.57199,
        "activity_lines": [
          32.29317,
          32.022055,
          31.925112,
          31.713155
        ]
      },
      {
        "date": "2024-10-04",
        "close": 32.976273,
        "volume": 14805,
        "typical_volume": 54302.7,
        "trend": 31.473792,
        "fair_value": 26.662861,
        "relative_strength": 11.438888,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.836554,
        "energy": 63.994583,
        "activity_lines": [
          32.572159,
          32.236651,
          32.036931,
          31.816114
        ]
      },
      {
        "date": "2024-10-11",
        "close": 33.500237,
        "volume": 57912,
        "typical_volume": 55096.25,
        "trend": 31.588106,
        "fair_value": 26.717269,
        "relative_strength": 12.304187,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.517315,
        "energy": 72.292164,
        "activity_lines": [
          32.977187,
          32.524918,
          32.190114,
          31.946853
        ]
      },
      {
        "date": "2024-10-18",
        "close": 33.945999,
        "volume": 37368,
        "typical_volume": 54624.9,
        "trend": 31.690635,
        "fair_value": 26.77305,
        "relative_strength": 12.879591,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.904296,
        "energy": 80.146493,
        "activity_lines": [
          33.371723,
          32.844148,
          32.374903,
          32.098975
        ]
      },
      {
        "date": "2024-10-25",
        "close": 33.810535,
        "volume": 84955,
        "typical_volume": 57802.95,
        "trend": 31.783578,
        "fair_value": 26.825397,
        "relative_strength": 13.708828,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.528149,
        "energy": 80.111339,
        "activity_lines": [
          33.604908,
          33.082619,
          32.531588,
          32.235743
        ]
      },
      {
        "date": "2024-11-01",
        "close": 33.290722,
        "volume": 59196,
        "typical_volume": 58850.25,
        "trend": 31.872565,
        "fair_value": 26.870883,
        "relative_strength": 12.864042,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.20914,
        "energy": 75.637907,
        "activity_lines": [
          33.567366,
          33.191398,
          32.628072,
          32.332978
        ]
      },
      {
        "date": "2024-11-08",
        "close": 34.717758,
        "volume": 35506,
        "typical_volume": 57510.35,
        "trend": 32.002175,
        "fair_value": 26.924663,
        "relative_strength": 18.249583,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 85.443391,
        "energy": 85.797716,
        "activity_lines": [
          33.971701,
          33.536076,
          32.853802,
          32.516539
        ]
      },
      {
        "date": "2024-11-15",
        "close": 34.628513,
        "volume": 63522,
        "typical_volume": 59069.35,
        "trend": 32.160235,
        "fair_value": 26.975813,
        "relative_strength": 18.442516,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.541684,
        "energy": 84.694204,
        "activity_lines": [
          34.230189,
          33.819605,
          33.058779,
          32.68598
        ]
      },
      {
        "date": "2024-11-22",
        "close": 35.568096,
        "volume": 30304,
        "typical_volume": 52554.3,
        "trend": 32.330353,
        "fair_value": 27.038284,
        "relative_strength": 21.184571,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 87.19729,
        "energy": 89.309121,
        "activity_lines": [
          34.726652,
          34.210068,
          33.342114,
          32.905842
        ]
      },
      {
        "date": "2024-11-29",
        "close": 35.542595,
        "volume": 41148,
        "typical_volume": 52377.9,
        "trend": 32.501697,
        "fair_value": 27.102535,
        "relative_strength": 20.726776,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.817846,
        "energy": 90.439164,
        "activity_lines": [
          35.106476,
          34.534712,
          33.60763,
          33.113083
        ]
      },
      {
        "date": "2024-12-06",
        "close": 35.902538,
        "volume": 99883,
        "typical_volume": 55549.9,
        "trend": 32.664223,
        "fair_value": 27.164394,
        "relative_strength": 18.135222,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.457241,
        "energy": 91.541242,
        "activity_lines": [
          35.490809,
          34.86673,
          33.893885,
          33.332492
        ]
      },
      {
        "date": "2024-12-13",
        "close": 35.763275,
        "volume": 35042,
        "typical_volume": 55303.1,
        "trend": 32.816886,
        "fair_value": 27.225903,
        "relative_strength": 17.309775,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.24049,
        "energy": 89.163142,
        "activity_lines": [
          35.654601,
          35.11672,
          34.148277,
          33.532431
        ]
      },
      {
        "date": "2024-12-20",
        "close": 35.306229,
        "volume": 86079,
        "typical_volume": 57016.2,
        "trend": 32.953018,
        "fair_value": 27.281775,
        "relative_strength": 17.316162,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.248067,
        "energy": 77.657033,
        "activity_lines": [
          35.596343,
          35.232939,
          34.340213,
          33.693034
        ]
      },
      {
        "date": "2024-12-27",
        "close": 35.43079,
        "volume": 26107,
        "typical_volume": 54378.65,
        "trend": 33.10893,
        "fair_value": 27.337404,
        "relative_strength": 15.823199,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.767292,
        "energy": 62.675432,
        "activity_lines": [
          35.534424,
          35.338969,
          34.522295,
          33.85289
        ]
      },
      {
        "date": "2025-01-03",
        "close": 35.630871,
        "volume": 54540,
        "typical_volume": 53061.5,
        "trend": 33.244469,
        "fair_value": 27.397449,
        "relative_strength": 17.019042,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.686538,
        "energy": 58.028893,
        "activity_lines": [
          35.548353,
          35.454381,
          34.701661,
          34.015596
        ]
      },
      {
        "date": "2025-01-10",
        "close": 35.304268,
        "volume": 100010,
        "typical_volume": 57065.15,
        "trend": 33.358228,
        "fair_value": 27.457631,
        "relative_strength": 13.107292,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.302318,
        "energy": 46.150714,
        "activity_lines": [
          35.447528,
          35.477313,
          34.83204,
          34.148486
        ]
      },
      {
        "date": "2025-01-17",
        "close": 36.220318,
        "volume": 81118,
        "typical_volume": 56113.6,
        "trend": 33.494091,
        "fair_value": 27.527357,
        "relative_strength": 11.399666,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.830226,
        "energy": 56.309505,
        "activity_lines": [
          35.691939,
          35.630191,
          35.033903,
          34.333137
        ]
      },
      {
        "date": "2025-01-24",
        "close": 36.240913,
        "volume": 64970,
        "typical_volume": 56664.1,
        "trend": 33.625712,
        "fair_value": 27.599788,
        "relative_strength": 8.00809,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.390549,
        "energy": 56.733219,
        "activity_lines": [
          35.912745,
          35.759493,
          35.218806,
          34.510352
        ]
      },
      {
        "date": "2025-01-31",
        "close": 36.689865,
        "volume": 89756,
        "typical_volume": 59581.85,
        "trend": 33.77084,
        "fair_value": 27.674917,
        "relative_strength": 8.654738,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.458755,
        "energy": 60.339664,
        "activity_lines": [
          36.220889,
          35.941107,
          35.422054,
          34.708039
        ]
      },
      {
        "date": "2025-02-07",
        "close": 36.573833,
        "volume": 71934,
        "typical_volume": 58888.9,
        "trend": 33.900005,
        "fair_value": 27.747401,
        "relative_strength": 7.644492,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.981507,
        "energy": 71.879197,
        "activity_lines": [
          36.406418,
          36.081228,
          35.592884,
          34.888877
        ]
      },
      {
        "date": "2025-02-14",
        "close": 36.574818,
        "volume": 59888,
        "typical_volume": 59702.15,
        "trend": 34.052613,
        "fair_value": 27.823478,
        "relative_strength": 4.640417,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.945398,
        "energy": 70.621871,
        "activity_lines": [
          36.529411,
          36.202779,
          35.743689,
          35.061446
        ]
      },
      {
        "date": "2025-02-21",
        "close": 36.571873,
        "volume": 24409,
        "typical_volume": 60182.35,
        "trend": 34.212057,
        "fair_value": 27.899104,
        "relative_strength": 4.599773,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.999562,
        "energy": 69.715704,
        "activity_lines": [
          36.566719,
          36.31157,
          35.876161,
          35.223979
        ]
      },
      {
        "date": "2025-02-28",
        "close": 35.759621,
        "volume": 59416,
        "typical_volume": 60257.55,
        "trend": 34.379193,
        "fair_value": 27.969949,
        "relative_strength": 2.536492,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.926205,
        "energy": 47.159705,
        "activity_lines": [
          36.309839,
          36.257978,
          35.914153,
          35.323821
        ]
      },
      {
        "date": "2025-03-07",
        "close": 33.613934,
        "volume": 56776,
        "typical_volume": 61227.95,
        "trend": 34.471027,
        "fair_value": 28.028329,
        "relative_strength": -3.888462,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "up",
        "direction": 2.296656,
        "energy": 12.633338,
        "activity_lines": [
          35.369816,
          35.806018,
          35.737035,
          35.27445
        ]
      },
      {
        "date": "2025-03-14",
        "close": 33.126202,
        "volume": 68177,
        "typical_volume": 60389.05,
        "trend": 34.512714,
        "fair_value": 28.077622,
        "relative_strength": -4.380629,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -39.89003,
        "energy": 42.314104,
        "activity_lines": [
          34.472278,
          35.298412,
          35.515048,
          35.187687
        ]
      },
      {
        "date": "2025-03-21",
        "close": 33.551003,
        "volume": 57259,
        "typical_volume": 60292.2,
        "trend": 34.564587,
        "fair_value": 28.126177,
        "relative_strength": -3.496496,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.732421,
        "energy": 48.037209,
        "activity_lines": [
          33.946183,
          34.913583,
          35.336777,
          35.125641
        ]
      },
      {
        "date": "2025-03-28",
        "close": 33.175365,
        "volume": 103850,
        "typical_volume": 63709.4,
        "trend": 34.595531,
        "fair_value": 28.172241,
        "relative_strength": -3.224295,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -35.942009,
        "energy": 64.192155,
        "activity_lines": [
          33.496462,
          34.492333,
          35.121491,
          35.036014
        ]
      },
      {
        "date": "2025-04-04",
        "close": 30.234159,
        "volume": 76031,
        "typical_volume": 64334.85,
        "trend": 34.566201,
        "fair_value": 28.198341,
        "relative_strength": -4.183578,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "mixed",
        "direction": -67.301694,
        "energy": 85.973594,
        "activity_lines": [
          32.292773,
          33.591682,
          34.633435,
          34.754635
        ]
      },
      {
        "date": "2025-04-11",
        "close": 29.769033,
        "volume": 232048,
        "typical_volume": 74422.05,
        "trend": 34.485068,
        "fair_value": 28.222767,
        "relative_strength": -3.54431,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -90.395694,
        "energy": 94.905394,
        "activity_lines": [
          31.302407,
          32.715676,
          34.122007,
          34.44514
        ]
      },
      {
        "date": "2025-04-18",
        "close": 30.243008,
        "volume": 54962,
        "typical_volume": 75112.75,
        "trend": 34.414878,
        "fair_value": 28.253742,
        "relative_strength": -4.623407,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.489671,
        "energy": 90.429925,
        "activity_lines": [
          30.726359,
          32.05168,
          33.683334,
          34.171459
        ]
      },
      {
        "date": "2025-04-25",
        "close": 31.322731,
        "volume": 29573,
        "typical_volume": 71597.25,
        "trend": 34.366179,
        "fair_value": 28.291849,
        "relative_strength": -4.664619,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.513118,
        "energy": 81.847331,
        "activity_lines": [
          30.702431,
          31.699103,
          33.372728,
          33.971966
        ]
      },
      {
        "date": "2025-05-02",
        "close": 32.433922,
        "volume": 146273,
        "typical_volume": 77158.8,
        "trend": 34.348101,
        "fair_value": 28.342191,
        "relative_strength": -4.407153,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.277365,
        "energy": 58.396328,
        "activity_lines": [
          31.197452,
          31.644054,
          33.189758,
          33.847304
        ]
      },
      {
        "date": "2025-05-09",
        "close": 32.628727,
        "volume": 42275,
        "typical_volume": 74968.6,
        "trend": 34.31905,
        "fair_value": 28.394613,
        "relative_strength": -3.687105,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -48.751437,
        "energy": 40.177572,
        "activity_lines": [
          31.806838,
          31.699659,
          33.041195,
          33.736377
        ]
      },
      {
        "date": "2025-05-16",
        "close": 34.234646,
        "volume": 21156,
        "typical_volume": 74721.05,
        "trend": 34.328672,
        "fair_value": 28.462688,
        "relative_strength": -1.005802,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -27.44752,
        "energy": 23.780297,
        "activity_lines": [
          32.791892,
          32.104175,
          33.058327,
          33.730931
        ]
      },
      {
        "date": "2025-05-23",
        "close": 33.217999,
        "volume": 36229,
        "typical_volume": 73805.5,
        "trend": 34.308921,
        "fair_value": 28.518032,
        "relative_strength": -2.241986,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -28.228634,
        "energy": 27.472296,
        "activity_lines": [
          33.140356,
          32.312561,
          32.984331,
          33.659275
        ]
      },
      {
        "date": "2025-05-30",
        "close": 33.717438,
        "volume": 202578,
        "typical_volume": 78933.9,
        "trend": 34.323145,
        "fair_value": 28.577319,
        "relative_strength": -1.213117,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -20.078074,
        "energy": 24.318739,
        "activity_lines": [
          33.456967,
          32.610084,
          32.96939,
          33.621115
        ]
      },
      {
        "date": "2025-06-06",
        "close": 34.082645,
        "volume": 53235,
        "typical_volume": 77539.75,
        "trend": 34.301974,
        "fair_value": 28.643992,
        "relative_strength": -1.003481,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -10.303515,
        "energy": 21.703315,
        "activity_lines": [
          33.735666,
          32.970983,
          32.996788,
          33.605598
        ]
      },
      {
        "date": "2025-06-13",
        "close": 33.669075,
        "volume": 42889,
        "typical_volume": 76435.7,
        "trend": 34.269993,
        "fair_value": 28.716011,
        "relative_strength": -0.731882,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -6.794419,
        "energy": 16.348376,
        "activity_lines": [
          33.766594,
          33.240191,
          32.994977,
          33.564766
        ]
      },
      {
        "date": "2025-06-20",
        "close": 33.476593,
        "volume": 17859,
        "typical_volume": 72840.85,
        "trend": 34.200276,
        "fair_value": 28.780997,
        "relative_strength": -0.14945,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -6.80116,
        "energy": 14.135102,
        "activity_lines": [
          33.664005,
          33.411949,
          32.987082,
          33.513579
        ]
      },
      {
        "date": "2025-06-27",
        "close": 34.036259,
        "volume": 45662,
        "typical_volume": 71527.25,
        "trend": 34.150065,
        "fair_value": 28.851305,
        "relative_strength": 0.128109,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -1.223671,
        "energy": 12.110496,
        "activity_lines": [
          33.798508,
          33.618055,
          33.047789,
          33.502997
        ]
      },
      {
        "date": "2025-07-04",
        "close": 34.101398,
        "volume": 33128,
        "typical_volume": 70189.25,
        "trend": 34.090027,
        "fair_value": 28.914455,
        "relative_strength": 0.163161,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 1.565917,
        "energy": 18.435894,
        "activity_lines": [
          33.900173,
          33.767035,
          33.126784,
          33.499858
        ]
      },
      {
        "date": "2025-07-11",
        "close": 34.362965,
        "volume": 14242,
        "typical_volume": 69680.9,
        "trend": 34.04335,
        "fair_value": 28.980758,
        "relative_strength": -0.85054,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 26.521823,
        "energy": 37.988113,
        "activity_lines": [
          34.06343,
          33.913053,
          33.242468,
          33.517467
        ]
      },
      {
        "date": "2025-07-18",
        "close": 34.659081,
        "volume": 19757,
        "typical_volume": 67697.95,
        "trend": 34.021778,
        "fair_value": 29.04561,
        "relative_strength": 0.008579,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 31.44217,
        "energy": 49.141259,
        "activity_lines": [
          34.306705,
          34.077836,
          33.396873,
          33.557191
        ]
      },
      {
        "date": "2025-07-25",
        "close": 34.923923,
        "volume": 15091,
        "typical_volume": 65613.7,
        "trend": 34.004883,
        "fair_value": 29.107388,
        "relative_strength": 0.519595,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 36.776782,
        "energy": 58.108147,
        "activity_lines": [
          34.572259,
          34.253856,
          33.58174,
          33.615394
        ]
      },
      {
        "date": "2025-08-01",
        "close": 34.567947,
        "volume": 36757,
        "typical_volume": 64042.7,
        "trend": 33.969452,
        "fair_value": 29.165601,
        "relative_strength": 3.145188,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 35.20196,
        "energy": 54.840635,
        "activity_lines": [
          34.622667,
          34.352622,
          33.726468,
          33.651721
        ]
      },
      {
        "date": "2025-08-08",
        "close": 35.126202,
        "volume": 20705,
        "typical_volume": 62215.0,
        "trend": 33.963517,
        "fair_value": 29.223996,
        "relative_strength": 2.01763,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 44.783481,
        "energy": 60.050408,
        "activity_lines": [
          34.823713,
          34.528343,
          33.917497,
          33.72635
        ]
      },
      {
        "date": "2025-08-15",
        "close": 35.459373,
        "volume": 14256,
        "typical_volume": 57735.3,
        "trend": 33.938152,
        "fair_value": 29.283013,
        "relative_strength": 0.554419,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 49.716144,
        "energy": 69.008621,
        "activity_lines": [
          35.067496,
          34.739028,
          34.132756,
          33.822857
        ]
      },
      {
        "date": "2025-08-22",
        "close": 35.644794,
        "volume": 17101,
        "typical_volume": 54788.8,
        "trend": 33.918281,
        "fair_value": 29.346543,
        "relative_strength": 0.385352,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 77.19392,
        "energy": 83.192909,
        "activity_lines": [
          35.299992,
          34.958394,
          34.354798,
          33.932963
        ]
      },
      {
        "date": "2025-08-29",
        "close": 35.477215,
        "volume": 36572,
        "typical_volume": 45015.0,
        "trend": 33.877859,
        "fair_value": 29.413691,
        "relative_strength": 3.191555,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.032549,
        "energy": 84.304159,
        "activity_lines": [
          35.410915,
          35.111368,
          34.535114,
          34.033539
        ]
      },
      {
        "date": "2025-09-05",
        "close": 35.462345,
        "volume": 15880,
        "typical_volume": 43060.9,
        "trend": 33.84081,
        "fair_value": 29.479127,
        "relative_strength": 3.366512,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.892067,
        "energy": 81.63372,
        "activity_lines": [
          35.479994,
          35.225265,
          34.686833,
          34.135764
        ]
      },
      {
        "date": "2025-09-12",
        "close": 36.131649,
        "volume": 14541,
        "typical_volume": 42309.3,
        "trend": 33.826037,
        "fair_value": 29.555677,
        "relative_strength": 3.157684,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.22082,
        "energy": 86.950986,
        "activity_lines": [
          35.712549,
          35.434924,
          34.877441,
          34.28356
        ]
      },
      {
        "date": "2025-09-19",
        "close": 36.288319,
        "volume": 42214,
        "typical_volume": 37106.35,
        "trend": 33.816586,
        "fair_value": 29.636307,
        "relative_strength": 3.094751,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.154156,
        "energy": 81.76606,
        "activity_lines": [
          35.930297,
          35.636155,
          35.060071,
          34.442417
        ]
      },
      {
        "date": "2025-09-26",
        "close": 36.345829,
        "volume": 45319,
        "typical_volume": 37258.55,
        "trend": 33.836126,
        "fair_value": 29.71908,
        "relative_strength": 2.852801,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.756147,
        "energy": 79.606657,
        "activity_lines": [
          36.111952,
          35.812835,
          35.229823,
          34.605594
        ]
      },
      {
        "date": "2025-10-03",
        "close": 36.941761,
        "volume": 24804,
        "typical_volume": 37440.95,
        "trend": 33.947054,
        "fair_value": 29.804928,
        "relative_strength": 1.725155,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.407437,
        "energy": 87.805927,
        "activity_lines": [
          36.445515,
          36.067199,
          35.43863,
          34.805957
        ]
      },
      {
        "date": "2025-10-10",
        "close": 36.635365,
        "volume": 38680,
        "typical_volume": 37563.5,
        "trend": 34.064026,
        "fair_value": 29.890416,
        "relative_strength": 2.874351,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.105286,
        "energy": 72.97568,
        "activity_lines": [
          36.57931,
          36.229167,
          35.605366,
          34.979397
        ]
      },
      {
        "date": "2025-10-17",
        "close": 36.53125,
        "volume": 54790,
        "typical_volume": 30174.1,
        "trend": 34.163367,
        "fair_value": 29.97324,
        "relative_strength": -0.637511,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.151069,
        "energy": 62.897226,
        "activity_lines": [
          36.600198,
          36.334615,
          35.745913,
          35.138573
        ]
      },
      {
        "date": "2025-10-24",
        "close": 43.557682,
        "volume": 14617,
        "typical_volume": 28243.2,
        "trend": 34.509444,
        "fair_value": 30.096835,
        "relative_strength": 17.338919,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 97.743211,
        "energy": 87.749915,
        "activity_lines": [
          38.93659,
          37.69205,
          36.542245,
          35.744657
        ]
      },
      {
        "date": "2025-10-31",
        "close": 37.909527,
        "volume": 22954,
        "typical_volume": 27246.45,
        "trend": 34.76529,
        "fair_value": 30.186846,
        "relative_strength": 3.361351,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.047177,
        "energy": 62.019457,
        "activity_lines": [
          38.90564,
          37.875305,
          36.755537,
          35.964017
        ]
      },
      {
        "date": "2025-11-07",
        "close": 36.857201,
        "volume": 25695,
        "typical_volume": 27638.25,
        "trend": 35.001562,
        "fair_value": 30.266564,
        "relative_strength": 2.693685,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.085865,
        "energy": 55.28344,
        "activity_lines": [
          38.419668,
          37.826052,
          36.848416,
          36.098979
        ]
      },
      {
        "date": "2025-11-14",
        "close": 37.425011,
        "volume": 16285,
        "typical_volume": 26169.4,
        "trend": 35.240962,
        "fair_value": 30.350136,
        "relative_strength": 1.548058,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.172459,
        "energy": 50.293494,
        "activity_lines": [
          38.128604,
          37.854946,
          36.979274,
          36.255331
        ]
      },
      {
        "date": "2025-11-21",
        "close": 36.68119,
        "volume": 55090,
        "typical_volume": 27267.5,
        "trend": 35.419578,
        "fair_value": 30.426658,
        "relative_strength": 2.000534,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 36.458635,
        "energy": 21.40016,
        "activity_lines": [
          37.536956,
          37.712916,
          37.023155,
          36.348249
        ]
      },
      {
        "date": "2025-11-28",
        "close": 37.798916,
        "volume": 29337,
        "typical_volume": 28022.25,
        "trend": 35.598411,
        "fair_value": 30.51057,
        "relative_strength": 3.410585,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.375927,
        "energy": 22.281513,
        "activity_lines": [
          37.307887,
          37.764116,
          37.161201,
          36.501755
        ]
      },
      {
        "date": "2025-12-05",
        "close": 37.897362,
        "volume": 24440,
        "typical_volume": 28256.4,
        "trend": 35.774032,
        "fair_value": 30.598654,
        "relative_strength": 3.854505,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.749195,
        "energy": 19.444306,
        "activity_lines": [
          37.495551,
          37.80575,
          37.292261,
          36.650074
        ]
      },
      {
        "date": "2025-12-12",
        "close": 37.448879,
        "volume": 16821,
        "typical_volume": 28342.9,
        "trend": 35.881173,
        "fair_value": 30.689045,
        "relative_strength": 3.293949,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.90171,
        "energy": 18.543836,
        "activity_lines": [
          37.534532,
          37.737633,
          37.365188,
          36.758129
        ]
      },
      {
        "date": "2025-12-19",
        "close": 37.648758,
        "volume": 30404,
        "typical_volume": 28025.25,
        "trend": 36.028865,
        "fair_value": 30.781088,
        "relative_strength": 2.894317,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.844217,
        "energy": 21.663276,
        "activity_lines": [
          37.600694,
          37.696636,
          37.445128,
          36.872166
        ]
      },
      {
        "date": "2025-12-26",
        "close": 37.815823,
        "volume": 12698,
        "typical_volume": 27624.9,
        "trend": 36.165478,
        "fair_value": 30.875424,
        "relative_strength": 4.027579,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 48.547765,
        "energy": 25.952014,
        "activity_lines": [
          37.707628,
          37.66759,
          37.526308,
          36.987454
        ]
      },
      {
        "date": "2026-01-02",
        "close": 37.771076,
        "volume": 25046,
        "typical_volume": 28164.4,
        "trend": 36.288426,
        "fair_value": 30.965581,
        "relative_strength": 2.867951,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 47.247941,
        "energy": 23.487536,
        "activity_lines": [
          37.724004,
          37.607052,
          37.590419,
          37.091041
        ]
      },
      {
        "date": "2026-01-09",
        "close": 38.746597,
        "volume": 48644,
        "typical_volume": 29741.55,
        "trend": 36.457676,
        "fair_value": 31.060076,
        "relative_strength": 3.470917,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 58.995888,
        "energy": 31.710352,
        "activity_lines": [
          38.06741,
          37.829092,
          37.736429,
          37.249633
        ]
      },
      {
        "date": "2026-01-16",
        "close": 38.941502,
        "volume": 19236,
        "typical_volume": 28874.75,
        "trend": 36.63984,
        "fair_value": 31.156998,
        "relative_strength": 5.28247,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 59.997467,
        "energy": 42.08456,
        "activity_lines": [
          38.419169,
          38.071351,
          37.88623,
          37.40988
        ]
      },
      {
        "date": "2026-01-23",
        "close": 38.255356,
        "volume": 47936,
        "typical_volume": 30477.55,
        "trend": 36.780477,
        "fair_value": 31.245494,
        "relative_strength": 4.842441,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.164318,
        "energy": 52.045205,
        "activity_lines": [
          38.442704,
          38.150959,
          37.954188,
          37.514106
        ]
      },
      {
        "date": "2026-01-30",
        "close": 38.089317,
        "volume": 21191,
        "typical_volume": 30810.05,
        "trend": 36.913407,
        "fair_value": 31.329379,
        "relative_strength": 4.567264,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.805028,
        "energy": 63.590071,
        "activity_lines": [
          38.370452,
          38.185281,
          37.993032,
          37.598548
        ]
      },
      {
        "date": "2026-02-06",
        "close": 38.156097,
        "volume": 33164,
        "typical_volume": 30357.55,
        "trend": 37.039845,
        "fair_value": 31.414761,
        "relative_strength": 2.874787,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.219999,
        "energy": 50.742646,
        "activity_lines": [
          38.302228,
          38.206142,
          38.028914,
          37.678721
        ]
      },
      {
        "date": "2026-02-13",
        "close": 38.066387,
        "volume": 40213,
        "typical_volume": 30102.25,
        "trend": 37.153422,
        "fair_value": 31.500153,
        "relative_strength": 2.117704,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 38.360596,
        "energy": 23.216677,
        "activity_lines": [
          38.178433,
          38.204199,
          38.047358,
          37.74495
        ]
      },
      {
        "date": "2026-02-20",
        "close": 38.516926,
        "volume": 26290,
        "typical_volume": 30176.55,
        "trend": 37.273189,
        "fair_value": 31.590478,
        "relative_strength": 0.837484,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 46.864823,
        "energy": 26.44295,
        "activity_lines": [
          38.250164,
          38.281098,
          38.100517,
          37.832918
        ]
      },
      {
        "date": "2026-02-27",
        "close": 38.494999,
        "volume": 20147,
        "typical_volume": 29249.9,
        "trend": 37.40409,
        "fair_value": 31.678868,
        "relative_strength": -0.019724,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 55.190104,
        "energy": 31.844654,
        "activity_lines": [
          38.342891,
          38.334592,
          38.144087,
          37.911744
        ]
      },
      {
        "date": "2026-03-06",
        "close": 38.402298,
        "volume": 46147,
        "typical_volume": 28817.75,
        "trend": 37.513293,
        "fair_value": 31.770838,
        "relative_strength": 6.762837,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 51.427674,
        "energy": 30.948503,
        "activity_lines": [
          38.388742,
          38.355845,
          38.169974,
          37.976145
        ]
      },
      {
        "date": "2026-03-13",
        "close": 37.931828,
        "volume": 43266,
        "typical_volume": 30250.2,
        "trend": 37.595709,
        "fair_value": 31.861453,
        "relative_strength": 6.243905,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.588528,
        "energy": 20.870839,
        "activity_lines": [
          38.256905,
          38.280894,
          38.142143,
          38.003147
        ]
      },
      {
        "date": "2026-03-20",
        "close": 36.881237,
        "volume": 27152,
        "typical_volume": 30460.1,
        "trend": 37.636923,
        "fair_value": 31.945291,
        "relative_strength": 6.325264,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -8.162604,
        "energy": 12.078067,
        "activity_lines": [
          37.789821,
          38.012004,
          38.041047,
          37.957052
        ]
      },
      {
        "date": "2026-03-27",
        "close": 36.439671,
        "volume": 39960,
        "typical_volume": 31173.35,
        "trend": 37.669005,
        "fair_value": 32.021812,
        "relative_strength": 4.317186,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -34.82407,
        "energy": 38.702413,
        "activity_lines": [
          37.254559,
          37.696746,
          37.902793,
          37.87981
        ]
      },
      {
        "date": "2026-04-03",
        "close": 37.423477,
        "volume": 45277,
        "typical_volume": 32622.95,
        "trend": 37.734376,
        "fair_value": 32.105402,
        "relative_strength": 3.390827,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -26.445351,
        "energy": 37.852143,
        "activity_lines": [
          37.185716,
          37.605848,
          37.860223,
          37.863969
        ]
      },
      {
        "date": "2026-04-10",
        "close": 38.282688,
        "volume": 32840,
        "typical_volume": 31510.45,
        "trend": 37.806078,
        "fair_value": 32.193017,
        "relative_strength": 1.767256,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -3.644788,
        "energy": 21.103986,
        "activity_lines": [
          37.474711,
          37.686296,
          37.89949,
          37.899344
        ]
      },
      {
        "date": "2026-04-17",
        "close": 39.54459,
        "volume": 73238,
        "typical_volume": 33705.5,
        "trend": 37.91462,
        "fair_value": 32.288672,
        "relative_strength": 2.820806,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 52.430928,
        "energy": 23.520191,
        "activity_lines": [
          38.192314,
          37.992665,
          38.051312,
          38.011506
        ]
      },
      {
        "date": "2026-04-24",
        "close": 39.597,
        "volume": 34979,
        "typical_volume": 34232.45,
        "trend": 38.022992,
        "fair_value": 32.38496,
        "relative_strength": 6.019136,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 70.518099,
        "energy": 49.021337,
        "activity_lines": [
          38.81987,
          38.283318,
          38.199812,
          38.120047
        ]
      },
      {
        "date": "2026-05-01",
        "close": 39.731998,
        "volume": 8862,
        "typical_volume": 33834.5,
        "trend": 38.116,
        "fair_value": 32.482396,
        "relative_strength": 6.62058,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.290316,
        "energy": 71.812147,
        "activity_lines": [
          39.311374,
          38.570687,
          38.353076,
          38.230306
        ]
      },
      {
        "date": "2026-05-08",
        "close": 40.556,
        "volume": 38268,
        "typical_volume": 34227.7,
        "trend": 38.246688,
        "fair_value": 32.583219,
        "relative_strength": 8.505269,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.339037,
        "energy": 85.735685,
        "activity_lines": [
          39.858057,
          38.985781,
          38.573945,
          38.387725
        ]
      },
      {
        "date": "2026-05-15",
        "close": 41.07,
        "volume": 18438,
        "typical_volume": 34514.7,
        "trend": 38.39798,
        "fair_value": 32.684283,
        "relative_strength": 11.707444,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.739946,
        "energy": 90.085154,
        "activity_lines": [
          40.367239,
          39.456858,
          38.829922,
          38.569874
        ]
      },
      {
        "date": "2026-05-22",
        "close": 41.679001,
        "volume": 36202,
        "typical_volume": 35072.5,
        "trend": 38.335357,
        "fair_value": 32.788877,
        "relative_strength": 10.697113,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 86.53593,
        "energy": 93.619298,
        "activity_lines": [
          40.8936,
          39.990158,
          39.128402,
          38.781553
        ]
      },
      {
        "date": "2026-05-29",
        "close": 41.877998,
        "volume": 25587,
        "typical_volume": 33919.65,
        "trend": 38.467639,
        "fair_value": 32.892238,
        "relative_strength": 9.956976,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.345736,
        "energy": 92.623272,
        "activity_lines": [
          41.343999,
          40.49151,
          39.427226,
          39.01011
        ]
      },
      {
        "date": "2026-06-05",
        "close": 41.862,
        "volume": 769,
        "typical_volume": 32996.3,
        "trend": 38.634466,
        "fair_value": 32.99489,
        "relative_strength": 9.120421,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.503037,
        "energy": 90.140983,
        "activity_lines": [
          41.637,
          40.899102,
          39.709615,
          39.229101
        ]
      },
      {
        "date": "2026-06-12",
        "close": 41.712002,
        "volume": 7699,
        "typical_volume": 30984.45,
        "trend": 38.777366,
        "fair_value": 33.094386,
        "relative_strength": 6.732764,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.933503,
        "energy": 86.165414,
        "activity_lines": [
          41.738,
          41.180834,
          39.963811,
          39.427652
        ]
      },
      {
        "date": "2026-06-19",
        "close": 42.317001,
        "volume": 11586,
        "typical_volume": 30504.2,
        "trend": 38.965226,
        "fair_value": 33.200985,
        "relative_strength": 7.106933,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.380361,
        "energy": 89.059268,
        "activity_lines": [
          41.963601,
          41.494593,
          40.259166,
          39.656016
        ]
      },
      {
        "date": "2026-06-26",
        "close": 41.962002,
        "volume": 1065,
        "typical_volume": 28899.25,
        "trend": 39.103996,
        "fair_value": 33.302107,
        "relative_strength": 6.415122,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.124968,
        "energy": 77.831953,
        "activity_lines": [
          41.987735,
          41.670455,
          40.500579,
          39.849356
        ]
      },
      {
        "date": "2026-07-03",
        "close": 42.49971,
        "volume": 4286,
        "typical_volume": 27102.9,
        "trend": 39.257407,
        "fair_value": 33.409068,
        "relative_strength": 5.973515,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.760786,
        "energy": 78.524991,
        "activity_lines": [
          42.172238,
          41.90013,
          40.77508,
          40.068434
        ]
      },
      {
        "date": "2026-07-10",
        "close": 42.659069,
        "volume": 36051,
        "typical_volume": 27590.95,
        "trend": 39.43108,
        "fair_value": 33.516375,
        "relative_strength": 8.207137,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.438579,
        "energy": 83.196359,
        "activity_lines": [
          42.368413,
          42.106002,
          41.043646,
          40.287896
        ]
      },
      {
        "date": "2026-07-17",
        "close": 42.207886,
        "volume": 19726,
        "typical_volume": 27569.9,
        "trend": 39.583051,
        "fair_value": 33.618099,
        "relative_strength": 6.790627,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.599983,
        "energy": 70.544081,
        "activity_lines": [
          42.361056,
          42.176622,
          41.249518,
          40.467045
        ]
      },
      {
        "date": "2026-07-24",
        "close": 42.326412,
        "volume": 17312,
        "typical_volume": 26128.15,
        "trend": 39.733404,
        "fair_value": 33.717784,
        "relative_strength": 6.40427,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.129935,
        "energy": 63.895372,
        "activity_lines": [
          42.360149,
          42.238757,
          41.448998,
          40.644036
        ]
      },
      {
        "date": "2026-07-31",
        "close": 41.997002,
        "volume": 20928,
        "typical_volume": 25011.25,
        "trend": 39.874268,
        "fair_value": 33.81831,
        "relative_strength": 3.723229,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.651806,
        "energy": 58.142974,
        "activity_lines": [
          42.248811,
          42.218156,
          41.59842,
          40.790075
        ]
      },
      {
        "date": "2026-08-07",
        "close": 43.470001,
        "volume": 44367,
        "typical_volume": 25872.0,
        "trend": 40.031715,
        "fair_value": 33.929568,
        "relative_strength": 4.641248,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.801041,
        "energy": 68.025453,
        "activity_lines": [
          42.626139,
          42.459591,
          41.868768,
          41.022057
        ]
      }
    ],
    "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."
    }
  }
}