{
  "ticker": {
    "uuid": "23410f17-14b9-4e73-b828-39d6d44f8687",
    "symbol": "6530",
    "name": "Axcen Photonics Corporation",
    "exchange": "TWO",
    "country": "TW",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-14",
    "benchmark": "^TWII",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 87.708,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -32.248,
    "architecture_energy": 35.709,
    "architecture_maturity": 10.559,
    "architecture_confidence": 59.84,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 34.34,
        "rotation_up": 22.94,
        "upward_expansion": 12.4,
        "deceleration": 53.59,
        "rotation_down": 56.23,
        "downward_expansion": 51.73
      },
      "activity_lines": [
        75.62,
        77.809461,
        87.463637,
        89.064079
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 83.5,
    "trend_reference": 86.259311,
    "distance_from_trend": -0.031989,
    "trend_direction": "Improving",
    "fair_value": 58.874553,
    "distance_from_fair_value": 0.41827,
    "fair_value_direction": "Weakening",
    "relative_strength": -18.560517,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.454084,
    "excess_performance": 0.012712,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.031989,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.09086,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.41827,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.570487,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.185605,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.309808,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.454084,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.479314,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 9399946,
      "relative_activity": 0.884314,
      "balance": 1.479314,
      "dry_up": 0.480056,
      "accumulation_observations": 0,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.160142,
      "annualized_volatility": 0.682332,
      "from_high_reference": -0.386983,
      "from_low_reference": 0.635496
    },
    "levels": {
      "trend_reference": 86.259311,
      "fair_value_reference": 58.874553,
      "structural_low": 57.522467,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 2,
        "median_return": -0.048179,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.023321,
        "regime_survival": 0.5,
        "best_return": 0.003643,
        "worst_return": -0.1,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": -0.188525,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.114527,
        "regime_survival": 0.0,
        "best_return": -0.188525,
        "worst_return": -0.188525,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": 0.18745,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.136268,
        "regime_survival": 0.0,
        "best_return": 0.18745,
        "worst_return": 0.18745,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.317513,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.139967,
        "regime_survival": 0.0,
        "best_return": 0.317513,
        "worst_return": 0.317513,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-09-13",
        "end": "2024-09-20",
        "tenure": "New",
        "return": -0.046512,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-27",
        "end": "2024-11-29",
        "tenure": "Developing",
        "return": 0.171875,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-12-06",
        "end": "2025-02-21",
        "tenure": "Developing",
        "return": -0.17744,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-02-28",
        "end": "2025-03-28",
        "tenure": "Developing",
        "return": -0.1,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-04",
        "end": "2025-07-04",
        "tenure": "Established",
        "return": -0.001099,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-11",
        "end": "2025-08-01",
        "tenure": "New",
        "return": 0.039924,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-08-08",
        "end": "2025-08-29",
        "tenure": "New",
        "return": 0.297048,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-05",
        "end": "2025-10-03",
        "tenure": "Developing",
        "return": -0.119048,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-10",
        "end": "2025-12-12",
        "tenure": "Developing",
        "return": 0.127946,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-12-19",
        "end": "2026-01-09",
        "tenure": "New",
        "return": -0.06962,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-16",
        "end": "2026-02-27",
        "tenure": "Developing",
        "return": 0.247039,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-03-06",
        "end": "2026-06-05",
        "tenure": "Established",
        "return": 0.403846,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-06-12",
        "end": "2026-07-17",
        "tenure": "Developing",
        "return": -0.276336,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-07-24",
        "end": "2026-08-14",
        "tenure": "New",
        "return": 0.151724,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-11",
        "close": 25.74169,
        "volume": 1686000,
        "typical_volume": 2159550.0,
        "trend": 23.835947,
        "fair_value": 18.488622,
        "relative_strength": 5.797091,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.974221,
        "energy": 74.098281,
        "activity_lines": [
          28.93273,
          27.651833,
          25.961642,
          25.050635
        ]
      },
      {
        "date": "2023-08-18",
        "close": 25.370636,
        "volume": 1600000,
        "typical_volume": 2161350.0,
        "trend": 23.994773,
        "fair_value": 18.550332,
        "relative_strength": 5.386202,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.374535,
        "energy": 35.864714,
        "activity_lines": [
          27.600037,
          27.460164,
          25.994283,
          25.149648
        ]
      },
      {
        "date": "2023-08-25",
        "close": 27.318655,
        "volume": 1766000,
        "typical_volume": 2227500.0,
        "trend": 24.214148,
        "fair_value": 18.625795,
        "relative_strength": 12.764319,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.063979,
        "energy": 21.835739,
        "activity_lines": [
          26.944512,
          27.587862,
          26.202287,
          25.364092
        ]
      },
      {
        "date": "2023-09-01",
        "close": 27.17951,
        "volume": 1169000,
        "typical_volume": 2223500.0,
        "trend": 24.417193,
        "fair_value": 18.699101,
        "relative_strength": 11.05119,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.26315,
        "energy": 22.587055,
        "activity_lines": [
          26.740434,
          27.622415,
          26.383445,
          25.555405
        ]
      },
      {
        "date": "2023-09-08",
        "close": 27.550564,
        "volume": 2151000,
        "typical_volume": 2235000.0,
        "trend": 24.613609,
        "fair_value": 18.779591,
        "relative_strength": 12.954695,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.281535,
        "energy": 17.782829,
        "activity_lines": [
          26.993986,
          27.655132,
          26.586385,
          25.757558
        ]
      },
      {
        "date": "2023-09-15",
        "close": 30.611736,
        "volume": 6415000,
        "typical_volume": 2532350.0,
        "trend": 24.912064,
        "fair_value": 18.881475,
        "relative_strength": 22.399896,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 61.676779,
        "energy": 33.66891,
        "activity_lines": [
          28.320494,
          28.162798,
          27.06554,
          26.144534
        ]
      },
      {
        "date": "2023-09-22",
        "close": 34.183105,
        "volume": 8555000,
        "typical_volume": 2931850.0,
        "trend": 25.332487,
        "fair_value": 19.004735,
        "relative_strength": 40.315022,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 73.941465,
        "energy": 57.292513,
        "activity_lines": [
          30.512789,
          29.198368,
          27.855551,
          26.742666
        ]
      },
      {
        "date": "2023-09-29",
        "close": 31.817652,
        "volume": 14434000,
        "typical_volume": 3639950.0,
        "trend": 25.655064,
        "fair_value": 19.11536,
        "relative_strength": 29.774661,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.697439,
        "energy": 56.667483,
        "activity_lines": [
          31.329102,
          29.651219,
          28.370241,
          27.161064
        ]
      },
      {
        "date": "2023-10-06",
        "close": 38.774868,
        "volume": 13438000,
        "typical_volume": 4293400.0,
        "trend": 26.234391,
        "fair_value": 19.269825,
        "relative_strength": 54.984901,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.097831,
        "energy": 78.566153,
        "activity_lines": [
          34.164553,
          31.42299,
          29.505407,
          28.007503
        ]
      },
      {
        "date": "2023-10-13",
        "close": 40.537361,
        "volume": 23662000,
        "typical_volume": 5467750.0,
        "trend": 26.869546,
        "fair_value": 19.439381,
        "relative_strength": 57.858724,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.530025,
        "energy": 83.326945,
        "activity_lines": [
          36.814479,
          33.395465,
          30.730262,
          28.930275
        ]
      },
      {
        "date": "2023-10-20",
        "close": 53.060349,
        "volume": 103427000,
        "typical_volume": 10625450.0,
        "trend": 27.898751,
        "fair_value": 19.691237,
        "relative_strength": 106.277387,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 96.356677,
        "energy": 97.029286,
        "activity_lines": [
          42.772947,
          37.42306,
          33.062683,
          30.620004
        ]
      },
      {
        "date": "2023-10-27",
        "close": 48.236675,
        "volume": 12940000,
        "typical_volume": 11259900.0,
        "trend": 28.732093,
        "fair_value": 19.911666,
        "relative_strength": 87.479803,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.490267,
        "energy": 92.266348,
        "activity_lines": [
          45.626949,
          40.07692,
          34.796402,
          31.932128
        ]
      },
      {
        "date": "2023-11-03",
        "close": 48.607727,
        "volume": 6082000,
        "typical_volume": 11555950.0,
        "trend": 29.536884,
        "fair_value": 20.134473,
        "relative_strength": 81.243987,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.705422,
        "energy": 89.942546,
        "activity_lines": [
          47.667731,
          42.382498,
          36.447454,
          33.214427
        ]
      },
      {
        "date": "2023-11-10",
        "close": 41.372227,
        "volume": 33232000,
        "typical_volume": 13212300.0,
        "trend": 30.104876,
        "fair_value": 20.311152,
        "relative_strength": 50.939625,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.070256,
        "energy": 79.192782,
        "activity_lines": [
          46.177342,
          42.985457,
          37.290265,
          33.977998
        ]
      },
      {
        "date": "2023-11-17",
        "close": 42.29985,
        "volume": 11967000,
        "typical_volume": 13796400.0,
        "trend": 30.703788,
        "fair_value": 20.495801,
        "relative_strength": 47.767484,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.701623,
        "energy": 53.997913,
        "activity_lines": [
          44.823003,
          43.499025,
          38.135686,
          34.76477
        ]
      },
      {
        "date": "2023-11-24",
        "close": 47.494576,
        "volume": 47147000,
        "typical_volume": 16110350.0,
        "trend": 31.471474,
        "fair_value": 20.710966,
        "relative_strength": 62.554364,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.269436,
        "energy": 48.735691,
        "activity_lines": [
          45.082739,
          44.688919,
          39.38423,
          35.848047
        ]
      },
      {
        "date": "2023-12-01",
        "close": 49.720882,
        "volume": 23241000,
        "typical_volume": 17208200.0,
        "trend": 32.339676,
        "fair_value": 20.938127,
        "relative_strength": 65.807046,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.150653,
        "energy": 46.322333,
        "activity_lines": [
          46.45563,
          45.976636,
          40.732604,
          37.025428
        ]
      },
      {
        "date": "2023-12-08",
        "close": 47.309048,
        "volume": 9572000,
        "typical_volume": 16362550.0,
        "trend": 33.150866,
        "fair_value": 21.146286,
        "relative_strength": 55.977776,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.342711,
        "energy": 44.364279,
        "activity_lines": [
          46.925628,
          46.543333,
          41.737314,
          37.991194
        ]
      },
      {
        "date": "2023-12-15",
        "close": 44.711693,
        "volume": 17236000,
        "typical_volume": 17068550.0,
        "trend": 33.895936,
        "fair_value": 21.33906,
        "relative_strength": 43.16852,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.019723,
        "energy": 42.137495,
        "activity_lines": [
          46.61642,
          46.356121,
          42.435024,
          38.737054
        ]
      },
      {
        "date": "2023-12-22",
        "close": 42.021564,
        "volume": 3394000,
        "typical_volume": 17155700.0,
        "trend": 34.541106,
        "fair_value": 21.513325,
        "relative_strength": 33.69038,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 44.043677,
        "energy": 31.238504,
        "activity_lines": [
          45.187872,
          45.571853,
          42.816897,
          39.261288
        ]
      },
      {
        "date": "2023-12-29",
        "close": 40.537361,
        "volume": 3167000,
        "typical_volume": 17229750.0,
        "trend": 35.098806,
        "fair_value": 21.680352,
        "relative_strength": 25.379172,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 37.338851,
        "energy": 19.457851,
        "activity_lines": [
          43.283141,
          44.490745,
          42.992263,
          39.648143
        ]
      },
      {
        "date": "2024-01-05",
        "close": 40.398216,
        "volume": 1960000,
        "typical_volume": 17247750.0,
        "trend": 35.663559,
        "fair_value": 21.845729,
        "relative_strength": 26.646756,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.256188,
        "energy": 20.79242,
        "activity_lines": [
          41.795843,
          43.612027,
          43.083922,
          39.99004
        ]
      },
      {
        "date": "2024-01-12",
        "close": 44.618923,
        "volume": 17708000,
        "typical_volume": 18044850.0,
        "trend": 36.364618,
        "fair_value": 22.039425,
        "relative_strength": 38.239789,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.486457,
        "energy": 20.238221,
        "activity_lines": [
          42.336959,
          43.643229,
          43.505992,
          40.567806
        ]
      },
      {
        "date": "2024-01-19",
        "close": 41.650517,
        "volume": 20697074,
        "typical_volume": 19021253.7,
        "trend": 36.974038,
        "fair_value": 22.209288,
        "relative_strength": 26.536969,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.701413,
        "energy": 14.101341,
        "activity_lines": [
          42.067947,
          43.207244,
          43.562975,
          40.908831
        ]
      },
      {
        "date": "2024-01-26",
        "close": 40.166309,
        "volume": 5446000,
        "typical_volume": 19186003.7,
        "trend": 37.544213,
        "fair_value": 22.366602,
        "relative_strength": 18.866276,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 12.36506,
        "energy": 9.972855,
        "activity_lines": [
          41.508278,
          42.496343,
          43.409696,
          41.114784
        ]
      },
      {
        "date": "2024-02-02",
        "close": 46.242275,
        "volume": 52251000,
        "typical_volume": 21477803.7,
        "trend": 38.287862,
        "fair_value": 22.56337,
        "relative_strength": 34.687907,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.669962,
        "energy": 20.169607,
        "activity_lines": [
          43.097615,
          42.928955,
          43.775005,
          41.67595
        ]
      },
      {
        "date": "2024-02-09",
        "close": 45.453793,
        "volume": 5195000,
        "typical_volume": 21309803.7,
        "trend": 38.943386,
        "fair_value": 22.756095,
        "relative_strength": 30.643754,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.4121,
        "energy": 21.070671,
        "activity_lines": [
          44.043797,
          43.240976,
          43.990789,
          42.138268
        ]
      },
      {
        "date": "2024-02-16",
        "close": 48.978783,
        "volume": 17512000,
        "typical_volume": 21463703.7,
        "trend": 39.416477,
        "fair_value": 22.976981,
        "relative_strength": 35.239884,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 51.920999,
        "energy": 35.775265,
        "activity_lines": [
          45.827936,
          44.271488,
          44.488616,
          42.785713
        ]
      },
      {
        "date": "2024-02-23",
        "close": 50.555748,
        "volume": 50927000,
        "typical_volume": 23338153.7,
        "trend": 40.028711,
        "fair_value": 23.208481,
        "relative_strength": 35.786432,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.038077,
        "energy": 59.934534,
        "activity_lines": [
          47.847074,
          45.558361,
          45.054912,
          43.504376
        ]
      },
      {
        "date": "2024-03-01",
        "close": 48.700493,
        "volume": 29930000,
        "typical_volume": 23651553.7,
        "trend": 40.707426,
        "fair_value": 23.426066,
        "relative_strength": 29.028638,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.956333,
        "energy": 58.592583,
        "activity_lines": [
          48.654111,
          46.40166,
          45.388416,
          44.063845
        ]
      },
      {
        "date": "2024-03-08",
        "close": 45.639317,
        "volume": 17070000,
        "typical_volume": 19333703.7,
        "trend": 41.37068,
        "fair_value": 23.619475,
        "relative_strength": 14.699449,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.598581,
        "energy": 48.427347,
        "activity_lines": [
          47.871811,
          46.566946,
          45.391508,
          44.382032
        ]
      },
      {
        "date": "2024-03-15",
        "close": 51.20509,
        "volume": 30760000,
        "typical_volume": 20224703.7,
        "trend": 42.231829,
        "fair_value": 23.847044,
        "relative_strength": 27.878195,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.969694,
        "energy": 47.078746,
        "activity_lines": [
          48.984965,
          47.651429,
          45.960012,
          45.01651
        ]
      },
      {
        "date": "2024-03-22",
        "close": 51.019562,
        "volume": 9859000,
        "typical_volume": 20413553.7,
        "trend": 43.021859,
        "fair_value": 24.075447,
        "relative_strength": 22.667918,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.103632,
        "energy": 37.418407,
        "activity_lines": [
          49.652857,
          48.50569,
          46.496711,
          45.58346
        ]
      },
      {
        "date": "2024-03-29",
        "close": 48.793255,
        "volume": 3349000,
        "typical_volume": 18919403.7,
        "trend": 43.742317,
        "fair_value": 24.285026,
        "relative_strength": 15.914491,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 52.704207,
        "energy": 31.649418,
        "activity_lines": [
          49.442595,
          48.838793,
          46.809897,
          45.955809
        ]
      },
      {
        "date": "2024-04-05",
        "close": 48.978783,
        "volume": 2705000,
        "typical_volume": 18456303.7,
        "trend": 44.456591,
        "fair_value": 24.499083,
        "relative_strength": 15.186186,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 51.558464,
        "energy": 32.041993,
        "activity_lines": [
          49.411675,
          49.07576,
          47.105413,
          46.293645
        ]
      },
      {
        "date": "2024-04-12",
        "close": 47.12352,
        "volume": 5416000,
        "typical_volume": 16369753.7,
        "trend": 45.006984,
        "fair_value": 24.700488,
        "relative_strength": 7.951132,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 37.946448,
        "energy": 21.860723,
        "activity_lines": [
          48.743781,
          48.81518,
          47.192433,
          46.465705
        ]
      },
      {
        "date": "2024-04-19",
        "close": 41.604134,
        "volume": 4533000,
        "typical_volume": 15434353.7,
        "trend": 45.254352,
        "fair_value": 24.859683,
        "relative_strength": 0.685003,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 9.782976,
        "energy": 10.442067,
        "activity_lines": [
          46.137145,
          47.535053,
          46.755564,
          46.246166
        ]
      },
      {
        "date": "2024-04-26",
        "close": 47.40181,
        "volume": 10557000,
        "typical_volume": 15483603.7,
        "trend": 45.773824,
        "fair_value": 25.059078,
        "relative_strength": 10.543405,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 26.093602,
        "energy": 16.539881,
        "activity_lines": [
          46.103131,
          47.379042,
          46.909506,
          46.384712
        ]
      },
      {
        "date": "2024-05-03",
        "close": 46.288658,
        "volume": 5925000,
        "typical_volume": 14918053.7,
        "trend": 46.024283,
        "fair_value": 25.251843,
        "relative_strength": 6.104138,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 4.643084,
        "energy": 11.178276,
        "activity_lines": [
          45.93925,
          47.049313,
          46.956992,
          46.417927
        ]
      },
      {
        "date": "2024-05-10",
        "close": 44.897217,
        "volume": 2588000,
        "typical_volume": 14877753.7,
        "trend": 46.169612,
        "fair_value": 25.43063,
        "relative_strength": 0.41612,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -9.934692,
        "energy": 13.998021,
        "activity_lines": [
          45.478529,
          46.544177,
          46.86445,
          46.345213
        ]
      },
      {
        "date": "2024-05-17",
        "close": 44.66531,
        "volume": 3676000,
        "typical_volume": 14903203.7,
        "trend": 45.889777,
        "fair_value": 25.613748,
        "relative_strength": -3.304373,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -9.868656,
        "energy": 11.45522,
        "activity_lines": [
          45.21261,
          46.066027,
          46.736128,
          46.248161
        ]
      },
      {
        "date": "2024-05-24",
        "close": 46.845234,
        "volume": 5530000,
        "typical_volume": 15081703.7,
        "trend": 45.843396,
        "fair_value": 25.822981,
        "relative_strength": -0.730115,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -4.794125,
        "energy": 6.268439,
        "activity_lines": [
          45.837212,
          46.001936,
          46.795761,
          46.309804
        ]
      },
      {
        "date": "2024-05-31",
        "close": 45.639317,
        "volume": 4891000,
        "typical_volume": 14440853.7,
        "trend": 45.744449,
        "fair_value": 26.024484,
        "relative_strength": -2.127428,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -6.108038,
        "energy": 7.480415,
        "activity_lines": [
          45.710436,
          45.797858,
          46.709845,
          46.296637
        ]
      },
      {
        "date": "2024-06-07",
        "close": 44.247875,
        "volume": 2410000,
        "typical_volume": 13526500.0,
        "trend": 45.840304,
        "fair_value": 26.215549,
        "relative_strength": -8.588424,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -15.469927,
        "energy": 12.987341,
        "activity_lines": [
          45.237345,
          45.438613,
          46.486552,
          46.200084
        ]
      },
      {
        "date": "2024-06-14",
        "close": 44.387016,
        "volume": 2113000,
        "typical_volume": 13359850.0,
        "trend": 45.909876,
        "fair_value": 26.404471,
        "relative_strength": -11.402411,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -15.645754,
        "energy": 14.226412,
        "activity_lines": [
          44.946687,
          45.187309,
          46.264142,
          46.106324
        ]
      },
      {
        "date": "2024-06-21",
        "close": 50.97699,
        "volume": 6288000,
        "typical_volume": 11061700.0,
        "trend": 46.025956,
        "fair_value": 26.636143,
        "relative_strength": -2.228905,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 45.91519,
        "energy": 19.903901,
        "activity_lines": [
          46.8867,
          46.217669,
          46.649249,
          46.433234
        ]
      },
      {
        "date": "2024-06-28",
        "close": 48.123798,
        "volume": 18018000,
        "typical_volume": 11702850.0,
        "trend": 45.97272,
        "fair_value": 26.849272,
        "relative_strength": -7.391703,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 34.871709,
        "energy": 19.081673,
        "activity_lines": [
          47.454871,
          46.659204,
          46.740078,
          46.568579
        ]
      },
      {
        "date": "2024-07-05",
        "close": 48.599331,
        "volume": 4419000,
        "typical_volume": 11048200.0,
        "trend": 46.01573,
        "fair_value": 27.066714,
        "relative_strength": -9.044334,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 46.198233,
        "energy": 28.261155,
        "activity_lines": [
          48.096315,
          47.06866,
          46.863481,
          46.738038
        ]
      },
      {
        "date": "2024-07-12",
        "close": 52.403584,
        "volume": 22361000,
        "typical_volume": 9619900.0,
        "trend": 46.272126,
        "fair_value": 27.3093,
        "relative_strength": -3.971268,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 63.499948,
        "energy": 48.966003,
        "activity_lines": [
          49.808509,
          48.148026,
          47.351002,
          47.150157
        ]
      },
      {
        "date": "2024-07-19",
        "close": 46.934971,
        "volume": 14083000,
        "typical_volume": 8827550.0,
        "trend": 46.435906,
        "fair_value": 27.51152,
        "relative_strength": -10.0597,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 46.277715,
        "energy": 37.253142,
        "activity_lines": [
          49.154118,
          48.121917,
          47.308902,
          47.192921
        ]
      },
      {
        "date": "2024-07-26",
        "close": 43.939121,
        "volume": 2305000,
        "typical_volume": 8089300.0,
        "trend": 46.549298,
        "fair_value": 27.693019,
        "relative_strength": -13.037098,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 8.637428,
        "energy": 6.428849,
        "activity_lines": [
          47.331247,
          47.514059,
          46.989891,
          47.031839
        ]
      },
      {
        "date": "2024-08-02",
        "close": 41.65657,
        "volume": 2255000,
        "typical_volume": 6664050.0,
        "trend": 46.591243,
        "fair_value": 27.858594,
        "relative_strength": -15.893318,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -22.634692,
        "energy": 17.978034,
        "activity_lines": [
          45.216716,
          46.504394,
          46.46159,
          46.716179
        ]
      },
      {
        "date": "2024-08-09",
        "close": 38.613167,
        "volume": 3303000,
        "typical_volume": 6336250.0,
        "trend": 46.391052,
        "fair_value": 28.004926,
        "relative_strength": -21.58743,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -70.890798,
        "energy": 56.311481,
        "activity_lines": [
          42.518867,
          45.035724,
          45.688911,
          46.201464
        ]
      },
      {
        "date": "2024-08-16",
        "close": 40.039761,
        "volume": 1464000,
        "typical_volume": 6242000.0,
        "trend": 46.33736,
        "fair_value": 28.160403,
        "relative_strength": -22.051832,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.493916,
        "energy": 67.862752,
        "activity_lines": [
          40.962293,
          43.954181,
          45.111175,
          45.791703
        ]
      },
      {
        "date": "2024-08-23",
        "close": 43.844017,
        "volume": 7874000,
        "typical_volume": 6500450.0,
        "trend": 46.45995,
        "fair_value": 28.342929,
        "relative_strength": -14.139733,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.195818,
        "energy": 62.999753,
        "activity_lines": [
          41.498059,
          43.640833,
          44.937433,
          45.630843
        ]
      },
      {
        "date": "2024-08-30",
        "close": 46.839867,
        "volume": 6812000,
        "typical_volume": 6570250.0,
        "trend": 46.47987,
        "fair_value": 28.540666,
        "relative_strength": -9.083194,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -45.178477,
        "energy": 35.948276,
        "activity_lines": [
          43.238506,
          43.882058,
          45.073461,
          45.655353
        ]
      },
      {
        "date": "2024-09-06",
        "close": 47.93359,
        "volume": 37827000,
        "typical_volume": 8234950.0,
        "trend": 46.56253,
        "fair_value": 28.747011,
        "relative_strength": -3.804118,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -20.644317,
        "energy": 11.038355,
        "activity_lines": [
          45.150144,
          44.397362,
          45.315004,
          45.749142
        ]
      },
      {
        "date": "2024-09-13",
        "close": 61.343582,
        "volume": 143187000,
        "typical_volume": 14866450.0,
        "trend": 46.97469,
        "fair_value": 29.041181,
        "relative_strength": 20.267241,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 50.49009,
        "energy": 39.977388,
        "activity_lines": [
          51.113311,
          47.354305,
          46.803549,
          46.702758
        ]
      },
      {
        "date": "2024-09-20",
        "close": 58.490391,
        "volume": 58899000,
        "typical_volume": 17515150.0,
        "trend": 47.239178,
        "fair_value": 29.315464,
        "relative_strength": 12.100551,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 73.34206,
        "energy": 66.905242,
        "activity_lines": [
          54.610054,
          49.560772,
          47.953972,
          47.445706
        ]
      },
      {
        "date": "2024-09-27",
        "close": 60.868046,
        "volume": 43112000,
        "typical_volume": 19541350.0,
        "trend": 47.644763,
        "fair_value": 29.593272,
        "relative_strength": 12.603259,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.489682,
        "energy": 81.095444,
        "activity_lines": [
          57.669306,
          52.08887,
          49.272735,
          48.324988
        ]
      },
      {
        "date": "2024-10-04",
        "close": 73.992722,
        "volume": 67223000,
        "typical_volume": 22718700.0,
        "trend": 48.589876,
        "fair_value": 29.948289,
        "relative_strength": 38.980078,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 92.68753,
        "energy": 93.055154,
        "activity_lines": [
          63.968515,
          56.749945,
          51.765416,
          50.024857
        ]
      },
      {
        "date": "2024-10-11",
        "close": 76.370384,
        "volume": 101629000,
        "typical_volume": 27523650.0,
        "trend": 49.428719,
        "fair_value": 30.332128,
        "relative_strength": 38.667671,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.915431,
        "energy": 94.938883,
        "activity_lines": [
          69.250087,
          61.296893,
          54.344886,
          51.817147
        ]
      },
      {
        "date": "2024-10-18",
        "close": 75.324211,
        "volume": 91802000,
        "typical_volume": 31869200.0,
        "trend": 50.238874,
        "fair_value": 30.707397,
        "relative_strength": 33.379653,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.735604,
        "energy": 91.436177,
        "activity_lines": [
          72.287149,
          65.022467,
          56.684125,
          53.487824
        ]
      },
      {
        "date": "2024-10-25",
        "close": 78.082291,
        "volume": 46583000,
        "typical_volume": 34077850.0,
        "trend": 51.215176,
        "fair_value": 31.092091,
        "relative_strength": 38.692235,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.752551,
        "energy": 90.971189,
        "activity_lines": [
          75.311529,
          68.582037,
          59.144681,
          55.284174
        ]
      },
      {
        "date": "2024-11-01",
        "close": 71.615067,
        "volume": 29323000,
        "typical_volume": 35438350.0,
        "trend": 51.969718,
        "fair_value": 31.437991,
        "relative_strength": 30.171939,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.017053,
        "energy": 74.485419,
        "activity_lines": [
          74.874041,
          70.274065,
          60.828195,
          56.600296
        ]
      },
      {
        "date": "2024-11-08",
        "close": 78.557823,
        "volume": 87640000,
        "typical_volume": 39505950.0,
        "trend": 53.017529,
        "fair_value": 31.826,
        "relative_strength": 37.166257,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.872534,
        "energy": 63.811529,
        "activity_lines": [
          76.034337,
          72.723485,
          63.043266,
          58.315657
        ]
      },
      {
        "date": "2024-11-15",
        "close": 71.900375,
        "volume": 29204000,
        "typical_volume": 40065250.0,
        "trend": 54.027403,
        "fair_value": 32.1708,
        "relative_strength": 29.300084,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.409609,
        "energy": 52.980698,
        "activity_lines": [
          74.671144,
          73.385769,
          64.492958,
          59.533906
        ]
      },
      {
        "date": "2024-11-22",
        "close": 67.905914,
        "volume": 11827629,
        "typical_volume": 40435681.45,
        "trend": 54.710873,
        "fair_value": 32.488396,
        "relative_strength": 21.048435,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.016797,
        "energy": 38.670462,
        "activity_lines": [
          72.274464,
          72.886028,
          65.449003,
          60.429293
        ]
      },
      {
        "date": "2024-11-29",
        "close": 71.329742,
        "volume": 41913000,
        "typical_volume": 41413281.45,
        "trend": 55.545576,
        "fair_value": 32.826876,
        "relative_strength": 30.456091,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 44.666471,
        "energy": 34.026854,
        "activity_lines": [
          71.513614,
          72.889486,
          66.63919,
          61.501478
        ]
      },
      {
        "date": "2024-12-06",
        "close": 75.038887,
        "volume": 48709000,
        "typical_volume": 43144581.45,
        "trend": 56.550298,
        "fair_value": 33.191528,
        "relative_strength": 31.204224,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 47.034424,
        "energy": 31.20197,
        "activity_lines": [
          72.439315,
          73.333892,
          68.092505,
          62.759111
        ]
      },
      {
        "date": "2024-12-13",
        "close": 75.038887,
        "volume": 18175000,
        "typical_volume": 43938081.45,
        "trend": 57.562751,
        "fair_value": 33.530351,
        "relative_strength": 31.440897,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 48.861995,
        "energy": 33.335407,
        "activity_lines": [
          73.136761,
          73.520645,
          69.411992,
          63.951924
        ]
      },
      {
        "date": "2024-12-20",
        "close": 67.52549,
        "volume": 11724000,
        "typical_volume": 44411531.45,
        "trend": 58.252093,
        "fair_value": 33.830863,
        "relative_strength": 20.390077,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.876783,
        "energy": 27.999876,
        "activity_lines": [
          71.564337,
          72.322306,
          69.867823,
          64.594681
        ]
      },
      {
        "date": "2024-12-27",
        "close": 65.62336,
        "volume": 8584000,
        "typical_volume": 44675581.45,
        "trend": 58.918228,
        "fair_value": 34.120248,
        "relative_strength": 12.665497,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.35537,
        "energy": 21.335854,
        "activity_lines": [
          69.649529,
          70.938941,
          70.019313,
          65.070247
        ]
      },
      {
        "date": "2025-01-03",
        "close": 65.528259,
        "volume": 4197000,
        "typical_volume": 44812231.45,
        "trend": 59.627574,
        "fair_value": 34.406893,
        "relative_strength": 13.821387,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 21.36202,
        "energy": 15.806416,
        "activity_lines": [
          67.855191,
          69.714663,
          70.033126,
          65.4967
        ]
      },
      {
        "date": "2025-01-10",
        "close": 67.145065,
        "volume": 13861000,
        "typical_volume": 45111581.45,
        "trend": 60.386175,
        "fair_value": 34.706298,
        "relative_strength": 15.777034,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 16.935058,
        "energy": 18.26357,
        "activity_lines": [
          66.986554,
          69.012606,
          70.079547,
          65.9817
        ]
      },
      {
        "date": "2025-01-17",
        "close": 62.770172,
        "volume": 23765000,
        "typical_volume": 45959231.45,
        "trend": 60.779282,
        "fair_value": 34.987245,
        "relative_strength": 7.304997,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 1.985893,
        "energy": 15.656118,
        "activity_lines": [
          65.185874,
          67.596386,
          69.598354,
          66.135506
        ]
      },
      {
        "date": "2025-01-24",
        "close": 63.911446,
        "volume": 6566000,
        "typical_volume": 44396181.45,
        "trend": 61.305536,
        "fair_value": 35.27897,
        "relative_strength": 7.108602,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 3.329343,
        "energy": 16.196126,
        "activity_lines": [
          64.583533,
          66.674719,
          69.149996,
          66.337581
        ]
      },
      {
        "date": "2025-02-07",
        "close": 63.626133,
        "volume": 5906053,
        "typical_volume": 37532134.1,
        "trend": 61.80643,
        "fair_value": 35.569665,
        "relative_strength": 6.723566,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 1.690102,
        "energy": 19.121914,
        "activity_lines": [
          64.127024,
          65.84643,
          68.598379,
          66.487297
        ]
      },
      {
        "date": "2025-02-14",
        "close": 62.294643,
        "volume": 6457409,
        "typical_volume": 34910054.55,
        "trend": 62.136132,
        "fair_value": 35.85715,
        "relative_strength": 5.816633,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": -4.77211,
        "energy": 27.417036,
        "activity_lines": [
          63.359833,
          64.853866,
          67.909085,
          66.518794
        ]
      },
      {
        "date": "2025-02-21",
        "close": 61.724007,
        "volume": 2794743,
        "typical_volume": 32894191.7,
        "trend": 62.6291,
        "fair_value": 36.132989,
        "relative_strength": 2.319258,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -24.700681,
        "energy": 33.633953,
        "activity_lines": [
          62.618005,
          63.921825,
          67.147329,
          66.492206
        ]
      },
      {
        "date": "2025-02-28",
        "close": 58.014858,
        "volume": 2655339,
        "typical_volume": 29665808.65,
        "trend": 63.098291,
        "fair_value": 36.387448,
        "relative_strength": -0.884964,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -45.997399,
        "energy": 47.600774,
        "activity_lines": [
          61.001197,
          62.557482,
          66.028244,
          66.194513
        ]
      },
      {
        "date": "2025-03-07",
        "close": 55.92252,
        "volume": 1704458,
        "typical_volume": 24669581.55,
        "trend": 63.573823,
        "fair_value": 36.634619,
        "relative_strength": -2.370419,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -50.014922,
        "energy": 62.56453,
        "activity_lines": [
          59.003965,
          61.122241,
          64.785975,
          65.73156
        ]
      },
      {
        "date": "2025-03-14",
        "close": 56.398048,
        "volume": 1649594,
        "typical_volume": 20161961.25,
        "trend": 64.166652,
        "fair_value": 36.883507,
        "relative_strength": 0.985443,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -44.794173,
        "energy": 66.445286,
        "activity_lines": [
          57.697837,
          59.984423,
          63.686364,
          65.268607
        ]
      },
      {
        "date": "2025-03-21",
        "close": 57.444221,
        "volume": 1526115,
        "typical_volume": 17909117.0,
        "trend": 64.746801,
        "fair_value": 37.135906,
        "relative_strength": 1.75389,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -37.570257,
        "energy": 65.044689,
        "activity_lines": [
          57.222305,
          59.204552,
          62.776514,
          64.834901
        ]
      },
      {
        "date": "2025-03-28",
        "close": 52.213371,
        "volume": 1450354,
        "typical_volume": 16515484.7,
        "trend": 65.025779,
        "fair_value": 37.357969,
        "relative_strength": -4.840684,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -80.335598,
        "energy": 84.167555,
        "activity_lines": [
          55.326519,
          57.620599,
          61.466764,
          64.026293
        ]
      },
      {
        "date": "2025-04-04",
        "close": 49.835712,
        "volume": 945167,
        "typical_volume": 12180743.05,
        "trend": 65.125641,
        "fair_value": 37.562926,
        "relative_strength": -7.829809,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -82.374681,
        "energy": 87.600348,
        "activity_lines": [
          53.272222,
          55.87583,
          60.022959,
          63.046289
        ]
      },
      {
        "date": "2025-04-11",
        "close": 39.849552,
        "volume": 2127035,
        "typical_volume": 10826894.8,
        "trend": 64.856173,
        "fair_value": 37.706533,
        "relative_strength": -19.396635,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -92.926956,
        "energy": 94.281379,
        "activity_lines": [
          48.434481,
          52.550567,
          57.764864,
          61.415573
        ]
      },
      {
        "date": "2025-04-18",
        "close": 41.561462,
        "volume": 1624409,
        "typical_volume": 10316733.8,
        "trend": 64.196769,
        "fair_value": 37.861113,
        "relative_strength": -15.270875,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -83.483344,
        "energy": 92.989026,
        "activity_lines": [
          45.238908,
          49.97405,
          55.82243,
          59.912689
        ]
      },
      {
        "date": "2025-04-25",
        "close": 52.403584,
        "volume": 9067875,
        "typical_volume": 8674477.55,
        "trend": 63.993875,
        "fair_value": 38.084395,
        "relative_strength": 3.864421,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.572699,
        "energy": 75.510918,
        "activity_lines": [
          46.646481,
          49.770004,
          55.03803,
          59.151838
        ]
      },
      {
        "date": "2025-05-02",
        "close": 49.360184,
        "volume": 8626535,
        "typical_volume": 6670354.3,
        "trend": 63.61028,
        "fair_value": 38.288435,
        "relative_strength": -6.486623,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.485546,
        "energy": 59.656058,
        "activity_lines": [
          47.375631,
          49.192449,
          54.053906,
          58.207729
        ]
      },
      {
        "date": "2025-05-09",
        "close": 49.455288,
        "volume": 3248332,
        "typical_volume": 5924020.9,
        "trend": 62.792365,
        "fair_value": 38.479237,
        "relative_strength": -6.939005,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.875883,
        "energy": 49.930995,
        "activity_lines": [
          48.326694,
          48.856983,
          53.201119,
          57.294504
        ]
      },
      {
        "date": "2025-05-16",
        "close": 49.740608,
        "volume": 4726428,
        "typical_volume": 5574142.3,
        "trend": 61.904706,
        "fair_value": 38.673999,
        "relative_strength": -10.455216,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -44.207866,
        "energy": 33.247299,
        "activity_lines": [
          49.398225,
          48.729022,
          52.497332,
          56.452455
        ]
      },
      {
        "date": "2025-05-23",
        "close": 47.077629,
        "volume": 1239665,
        "typical_volume": 5206925.55,
        "trend": 60.963153,
        "fair_value": 38.867401,
        "relative_strength": -14.547141,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.353939,
        "energy": 37.77779,
        "activity_lines": [
          48.922693,
          48.229281,
          51.624618,
          55.495869
        ]
      },
      {
        "date": "2025-05-30",
        "close": 47.077629,
        "volume": 864182,
        "typical_volume": 5040284.65,
        "trend": 59.929665,
        "fair_value": 39.059738,
        "relative_strength": -13.348135,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.700821,
        "energy": 38.58552,
        "activity_lines": [
          48.079416,
          47.899003,
          50.840218,
          54.600029
        ]
      },
      {
        "date": "2025-06-06",
        "close": 47.077629,
        "volume": 1328344,
        "typical_volume": 4413651.85,
        "trend": 59.11175,
        "fair_value": 39.250211,
        "relative_strength": -14.613317,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.731913,
        "energy": 42.178483,
        "activity_lines": [
          47.591203,
          47.757208,
          50.143677,
          53.770865
        ]
      },
      {
        "date": "2025-06-13",
        "close": 47.077629,
        "volume": 3912223,
        "typical_volume": 3421013.0,
        "trend": 58.06241,
        "fair_value": 39.440418,
        "relative_strength": -16.276855,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.477238,
        "energy": 42.750417,
        "activity_lines": [
          47.255161,
          47.70879,
          49.542695,
          52.994471
        ]
      },
      {
        "date": "2025-06-20",
        "close": 49.486961,
        "volume": 8827325,
        "typical_volume": 3534079.25,
        "trend": 57.315296,
        "fair_value": 39.643406,
        "relative_strength": -12.064289,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.447431,
        "energy": 34.391488,
        "activity_lines": [
          47.88074,
          48.148579,
          49.2459,
          52.441216
        ]
      },
      {
        "date": "2025-06-27",
        "close": 50.17292,
        "volume": 8701479,
        "typical_volume": 3673850.55,
        "trend": 56.724197,
        "fair_value": 39.855584,
        "relative_strength": -12.974661,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.000259,
        "energy": 23.466661,
        "activity_lines": [
          48.751881,
          48.537863,
          49.083123,
          51.980417
        ]
      },
      {
        "date": "2025-07-04",
        "close": 49.780941,
        "volume": 4309411,
        "typical_volume": 3566450.65,
        "trend": 56.005903,
        "fair_value": 40.061715,
        "relative_strength": -13.606839,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.417771,
        "energy": 17.904529,
        "activity_lines": [
          49.28601,
          48.699305,
          48.947077,
          51.532465
        ]
      },
      {
        "date": "2025-07-11",
        "close": 51.544834,
        "volume": 3081728,
        "typical_volume": 3580799.9,
        "trend": 55.222768,
        "fair_value": 40.28674,
        "relative_strength": -11.480814,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -17.732112,
        "energy": 13.551727,
        "activity_lines": [
          50.227883,
          49.22914,
          49.03861,
          51.244654
        ]
      },
      {
        "date": "2025-07-18",
        "close": 54.876629,
        "volume": 19335755,
        "typical_volume": 4414820.7,
        "trend": 54.550693,
        "fair_value": 40.525816,
        "relative_strength": -8.413798,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 2.005704,
        "energy": 12.21305,
        "activity_lines": [
          51.98254,
          50.325035,
          49.495929,
          51.222323
        ]
      },
      {
        "date": "2025-07-25",
        "close": 55.66058,
        "volume": 20252514,
        "typical_volume": 5342223.5,
        "trend": 54.155196,
        "fair_value": 40.774133,
        "relative_strength": -7.260532,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 8.695947,
        "energy": 26.020189,
        "activity_lines": [
          53.478581,
          51.464897,
          50.042854,
          51.293928
        ]
      },
      {
        "date": "2025-08-01",
        "close": 53.602709,
        "volume": 5364650,
        "typical_volume": 5527976.3,
        "trend": 53.754507,
        "fair_value": 41.003357,
        "relative_strength": -11.156175,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 17.762622,
        "energy": 35.038272,
        "activity_lines": [
          53.877091,
          52.122964,
          50.395039,
          51.258284
        ]
      },
      {
        "date": "2025-08-08",
        "close": 53.11274,
        "volume": 3490598,
        "typical_volume": 5626200.45,
        "trend": 53.340657,
        "fair_value": 41.218479,
        "relative_strength": -14.302058,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 17.8829,
        "energy": 34.209592,
        "activity_lines": [
          53.883625,
          52.573309,
          50.713871,
          51.21688
        ]
      },
      {
        "date": "2025-08-15",
        "close": 67.125877,
        "volume": 14607111,
        "typical_volume": 6284038.3,
        "trend": 53.340017,
        "fair_value": 41.510502,
        "relative_strength": 6.154679,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 59.263155,
        "energy": 65.334228,
        "activity_lines": [
          58.339084,
          55.461767,
          52.387913,
          52.106249
        ]
      },
      {
        "date": "2025-08-22",
        "close": 63.402103,
        "volume": 34728845,
        "typical_volume": 7973222.2,
        "trend": 53.361082,
        "fair_value": 41.785399,
        "relative_strength": 2.00914,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 45.062783,
        "energy": 60.35686,
        "activity_lines": [
          60.514549,
          57.308662,
          53.636299,
          52.755416
        ]
      },
      {
        "date": "2025-08-29",
        "close": 68.889771,
        "volume": 20758760,
        "typical_volume": 8904808.45,
        "trend": 53.527026,
        "fair_value": 42.064839,
        "relative_strength": 8.008691,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 79.203177,
        "energy": 79.6569,
        "activity_lines": [
          63.950872,
          59.856506,
          55.342718,
          53.757267
        ]
      },
      {
        "date": "2025-09-05",
        "close": 65.851952,
        "volume": 7566298,
        "typical_volume": 9201902.9,
        "trend": 53.60122,
        "fair_value": 42.329585,
        "relative_strength": 1.708982,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.61684,
        "energy": 77.844339,
        "activity_lines": [
          65.492643,
          61.49924,
          56.621533,
          54.552423
        ]
      },
      {
        "date": "2025-09-12",
        "close": 62.520161,
        "volume": 9696750,
        "typical_volume": 9233346.65,
        "trend": 53.608737,
        "fair_value": 42.579155,
        "relative_strength": -7.299003,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.33942,
        "energy": 63.750764,
        "activity_lines": [
          65.107201,
          62.251122,
          57.467367,
          55.127839
        ]
      },
      {
        "date": "2025-09-19",
        "close": 62.716148,
        "volume": 4831320,
        "typical_volume": 9043585.9,
        "trend": 53.641808,
        "fair_value": 42.844034,
        "relative_strength": -7.13781,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.701757,
        "energy": 47.942903,
        "activity_lines": [
          64.159926,
          62.807015,
          58.283692,
          55.715414
        ]
      },
      {
        "date": "2025-09-26",
        "close": 58.01244,
        "volume": 4284409,
        "typical_volume": 9095389.75,
        "trend": 53.641728,
        "fair_value": 43.08129,
        "relative_strength": -13.875883,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 44.170563,
        "energy": 29.966684,
        "activity_lines": [
          61.93873,
          62.304574,
          58.588444,
          55.99739
        ]
      },
      {
        "date": "2025-10-03",
        "close": 58.01244,
        "volume": 2017047,
        "typical_volume": 8959920.7,
        "trend": 53.711392,
        "fair_value": 43.317985,
        "relative_strength": -17.374592,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 36.914868,
        "energy": 21.393977,
        "activity_lines": [
          60.076845,
          61.745118,
          58.852449,
          56.279371
        ]
      },
      {
        "date": "2025-10-10",
        "close": 58.208427,
        "volume": 1729241,
        "typical_volume": 8984399.5,
        "trend": 53.771738,
        "fair_value": 43.557059,
        "relative_strength": -18.025423,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.887073,
        "energy": 21.854616,
        "activity_lines": [
          59.005445,
          61.178535,
          59.095729,
          56.569503
        ]
      },
      {
        "date": "2025-10-17",
        "close": 54.582649,
        "volume": 1803974,
        "typical_volume": 9031389.1,
        "trend": 53.676352,
        "fair_value": 43.766709,
        "relative_strength": -22.366221,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 15.736242,
        "energy": 19.395993,
        "activity_lines": [
          57.23502,
          59.868979,
          58.940693,
          56.621819
        ]
      },
      {
        "date": "2025-10-24",
        "close": 57.620461,
        "volume": 5358078,
        "typical_volume": 9232875.8,
        "trend": 53.856588,
        "fair_value": 44.015224,
        "relative_strength": -18.047915,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 22.151497,
        "energy": 18.655419,
        "activity_lines": [
          57.006367,
          59.085027,
          59.039234,
          56.876278
        ]
      },
      {
        "date": "2025-10-31",
        "close": 56.346539,
        "volume": 3312205,
        "typical_volume": 9202874.9,
        "trend": 54.073616,
        "fair_value": 44.259226,
        "relative_strength": -21.048094,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 9.123856,
        "energy": 13.366122,
        "activity_lines": [
          56.692785,
          58.242278,
          58.966246,
          57.03692
        ]
      },
      {
        "date": "2025-11-07",
        "close": 54.876629,
        "volume": 1551080,
        "typical_volume": 8839062.65,
        "trend": 54.574518,
        "fair_value": 44.497459,
        "relative_strength": -20.790951,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 2.510581,
        "energy": 12.401567,
        "activity_lines": [
          56.000294,
          57.260557,
          58.709128,
          57.088727
        ]
      },
      {
        "date": "2025-11-14",
        "close": 55.66058,
        "volume": 1637717,
        "typical_volume": 8485874.55,
        "trend": 55.044489,
        "fair_value": 44.726946,
        "relative_strength": -18.095288,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 4.332892,
        "energy": 11.801853,
        "activity_lines": [
          55.778174,
          56.676156,
          58.501007,
          57.158796
        ]
      },
      {
        "date": "2025-11-21",
        "close": 51.740822,
        "volume": 1402102,
        "typical_volume": 8340509.1,
        "trend": 55.022397,
        "fair_value": 44.933274,
        "relative_strength": -20.347267,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -31.090856,
        "energy": 39.14085,
        "activity_lines": [
          54.419324,
          55.564369,
          57.893445,
          56.945656
        ]
      },
      {
        "date": "2025-11-28",
        "close": 62.324169,
        "volume": 15388635,
        "typical_volume": 8955854.45,
        "trend": 55.45453,
        "fair_value": 45.20632,
        "relative_strength": -7.680718,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.186878,
        "energy": 17.453838,
        "activity_lines": [
          56.777711,
          56.572816,
          58.284487,
          57.416738
        ]
      },
      {
        "date": "2025-12-05",
        "close": 64.28405,
        "volume": 16748900,
        "typical_volume": 8826511.7,
        "trend": 55.948822,
        "fair_value": 45.493615,
        "relative_strength": -5.308096,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 46.942617,
        "energy": 25.80996,
        "activity_lines": [
          59.475812,
          57.944731,
          58.810854,
          57.986385
        ]
      },
      {
        "date": "2025-12-12",
        "close": 65.655968,
        "volume": 17690238,
        "typical_volume": 8698397.9,
        "trend": 56.479334,
        "fair_value": 45.778744,
        "relative_strength": -3.337023,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 63.161067,
        "energy": 49.019711,
        "activity_lines": [
          62.102051,
          59.452057,
          59.423083,
          58.612652
        ]
      },
      {
        "date": "2025-12-19",
        "close": 61.932198,
        "volume": 4265217,
        "typical_volume": 8643426.25,
        "trend": 56.974486,
        "fair_value": 46.046467,
        "relative_strength": -6.402987,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 52.826141,
        "energy": 44.352863,
        "activity_lines": [
          62.768411,
          60.14336,
          59.633071,
          58.96445
        ]
      },
      {
        "date": "2025-12-26",
        "close": 63.500103,
        "volume": 4251308,
        "typical_volume": 8681461.75,
        "trend": 57.521902,
        "fair_value": 46.32424,
        "relative_strength": -6.337386,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.298296,
        "energy": 59.936773,
        "activity_lines": [
          63.539299,
          61.052032,
          59.952718,
          59.385457
        ]
      },
      {
        "date": "2026-01-02",
        "close": 61.148247,
        "volume": 2338471,
        "typical_volume": 8068029.75,
        "trend": 57.990923,
        "fair_value": 46.589748,
        "relative_strength": -11.719466,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 53.212047,
        "energy": 48.722982,
        "activity_lines": [
          62.742282,
          61.370959,
          59.998915,
          59.619415
        ]
      },
      {
        "date": "2026-01-09",
        "close": 57.620461,
        "volume": 2354627,
        "typical_volume": 6449318.85,
        "trend": 58.34235,
        "fair_value": 46.833204,
        "relative_strength": -18.757643,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 24.793927,
        "energy": 13.215309,
        "activity_lines": [
          60.847731,
          60.984328,
          59.737598,
          59.595514
        ]
      },
      {
        "date": "2026-01-16",
        "close": 57.91444,
        "volume": 1531588,
        "typical_volume": 5487960.25,
        "trend": 58.623266,
        "fair_value": 47.076296,
        "relative_strength": -20.553539,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 9.552799,
        "energy": 8.62915,
        "activity_lines": [
          59.495413,
          60.627986,
          59.53181,
          59.567907
        ]
      },
      {
        "date": "2026-01-23",
        "close": 57.816448,
        "volume": 2091235,
        "typical_volume": 5214207.1,
        "trend": 58.878051,
        "fair_value": 47.314825,
        "relative_strength": -21.472375,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -12.670786,
        "energy": 16.674621,
        "activity_lines": [
          58.626532,
          60.198594,
          59.368954,
          59.515854
        ]
      },
      {
        "date": "2026-01-30",
        "close": 58.502407,
        "volume": 7695426,
        "typical_volume": 5114140.9,
        "trend": 59.168766,
        "fair_value": 47.556909,
        "relative_strength": -20.199726,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -9.875909,
        "energy": 15.926215,
        "activity_lines": [
          58.260688,
          59.854724,
          59.309691,
          59.491619
        ]
      },
      {
        "date": "2026-02-06",
        "close": 57.424473,
        "volume": 15578035,
        "typical_volume": 5651476.65,
        "trend": 59.364754,
        "fair_value": 47.789834,
        "relative_strength": -20.373047,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -13.186262,
        "energy": 14.809818,
        "activity_lines": [
          57.868712,
          59.191928,
          59.166899,
          59.379084
        ]
      },
      {
        "date": "2026-02-13",
        "close": 65.263992,
        "volume": 10160999,
        "typical_volume": 5945306.15,
        "trend": 59.710999,
        "fair_value": 48.069359,
        "relative_strength": -13.864641,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 51.403503,
        "energy": 19.779243,
        "activity_lines": [
          60.338161,
          60.043585,
          59.795927,
          59.75968
        ]
      },
      {
        "date": "2026-02-27",
        "close": 72.221565,
        "volume": 26655224,
        "typical_volume": 7177215.0,
        "trend": 60.263032,
        "fair_value": 48.393484,
        "relative_strength": -9.114897,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 69.767178,
        "energy": 53.905184,
        "activity_lines": [
          64.617232,
          62.142438,
          61.05305,
          60.566814
        ]
      },
      {
        "date": "2026-03-06",
        "close": 76.435303,
        "volume": 34896071,
        "typical_volume": 8835556.5,
        "trend": 61.024119,
        "fair_value": 48.745182,
        "relative_strength": 1.593967,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.105395,
        "energy": 77.193779,
        "activity_lines": [
          69.347074,
          64.888051,
          62.643819,
          61.610186
        ]
      },
      {
        "date": "2026-03-13",
        "close": 80.551048,
        "volume": 16533370,
        "typical_volume": 9572026.3,
        "trend": 61.938729,
        "fair_value": 49.119609,
        "relative_strength": 7.763517,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.707853,
        "energy": 86.514272,
        "activity_lines": [
          74.207574,
          68.118288,
          64.539769,
          62.869988
        ]
      },
      {
        "date": "2026-03-20",
        "close": 86.920662,
        "volume": 24645936,
        "typical_volume": 10536419.2,
        "trend": 62.598555,
        "fair_value": 49.539645,
        "relative_strength": 15.763452,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 85.602927,
        "energy": 91.723322,
        "activity_lines": [
          79.721369,
          72.196619,
          66.918689,
          64.481725
        ]
      },
      {
        "date": "2026-03-27",
        "close": 92.114342,
        "volume": 74191984,
        "typical_volume": 14080408.15,
        "trend": 63.55563,
        "fair_value": 49.992412,
        "relative_strength": 24.070238,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 87.204432,
        "energy": 94.258541,
        "activity_lines": [
          84.999978,
          76.750667,
          69.652721,
          66.38597
        ]
      },
      {
        "date": "2026-04-03",
        "close": 87.410629,
        "volume": 9448216,
        "typical_volume": 14475264.95,
        "trend": 64.172992,
        "fair_value": 50.41053,
        "relative_strength": 19.414103,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.125111,
        "energy": 86.828178,
        "activity_lines": [
          86.92066,
          79.822333,
          71.768458,
          67.925002
        ]
      },
      {
        "date": "2026-04-10",
        "close": 99.46389,
        "volume": 31538364,
        "typical_volume": 15970297.3,
        "trend": 65.29339,
        "fair_value": 50.899168,
        "relative_strength": 24.465149,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.969537,
        "energy": 90.609438,
        "activity_lines": [
          91.846491,
          84.549206,
          74.8772,
          70.201834
        ]
      },
      {
        "date": "2026-04-17",
        "close": 122.982445,
        "volume": 28796884,
        "typical_volume": 17340036.4,
        "trend": 67.308799,
        "fair_value": 51.530696,
        "relative_strength": 46.473561,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 95.772906,
        "energy": 93.124478,
        "activity_lines": [
          103.076601,
          92.794954,
          80.017218,
          73.923709
        ]
      },
      {
        "date": "2026-04-24",
        "close": 107.793381,
        "volume": 30822522,
        "typical_volume": 18111730.75,
        "trend": 68.811374,
        "fair_value": 52.065702,
        "relative_strength": 20.728812,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.795651,
        "energy": 66.607867,
        "activity_lines": [
          106.41493,
          97.10669,
          83.371412,
          76.535617
        ]
      },
      {
        "date": "2026-05-01",
        "close": 116.122871,
        "volume": 12324914,
        "typical_volume": 17890531.45,
        "trend": 70.748388,
        "fair_value": 52.654102,
        "relative_strength": 29.700649,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.373782,
        "energy": 68.206087,
        "activity_lines": [
          111.138242,
          102.01708,
          87.302371,
          79.587972
        ]
      },
      {
        "date": "2026-05-08",
        "close": 105.833504,
        "volume": 17395227,
        "typical_volume": 17875780.9,
        "trend": 72.342423,
        "fair_value": 53.175701,
        "relative_strength": 10.444836,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.171292,
        "energy": 60.972781,
        "activity_lines": [
          110.831195,
          104.131969,
          90.006539,
          81.851528
        ]
      },
      {
        "date": "2026-05-15",
        "close": 106.813438,
        "volume": 18266408,
        "typical_volume": 18575840.45,
        "trend": 73.96259,
        "fair_value": 53.708641,
        "relative_strength": 12.420282,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.033725,
        "energy": 52.109067,
        "activity_lines": [
          109.622602,
          105.813902,
          92.612712,
          84.075464
        ]
      },
      {
        "date": "2026-05-22",
        "close": 109.26329,
        "volume": 6218646,
        "typical_volume": 18674207.35,
        "trend": 75.785279,
        "fair_value": 54.261782,
        "relative_strength": 11.731217,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.040078,
        "energy": 47.265925,
        "activity_lines": [
          108.740656,
          107.388932,
          95.238484,
          86.352929
        ]
      },
      {
        "date": "2026-05-29",
        "close": 105.343529,
        "volume": 7759070,
        "typical_volume": 18945237.3,
        "trend": 77.376047,
        "fair_value": 54.79373,
        "relative_strength": 1.634298,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.734609,
        "energy": 35.581276,
        "activity_lines": [
          107.466733,
          107.729238,
          97.273026,
          88.259912
        ]
      },
      {
        "date": "2026-06-05",
        "close": 107.303413,
        "volume": 10094866,
        "typical_volume": 19332249.25,
        "trend": 79.07461,
        "fair_value": 55.336275,
        "relative_strength": 2.599408,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 43.866716,
        "energy": 32.319564,
        "activity_lines": [
          107.009429,
          108.090926,
          99.283769,
          90.19071
        ]
      },
      {
        "date": "2026-06-12",
        "close": 95.348145,
        "volume": 4719410,
        "typical_volume": 19491640.35,
        "trend": 80.42366,
        "fair_value": 55.794876,
        "relative_strength": -6.958826,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.279314,
        "energy": 24.514942,
        "activity_lines": [
          103.154999,
          106.002763,
          99.91933,
          91.240616
        ]
      },
      {
        "date": "2026-06-19",
        "close": 95.936111,
        "volume": 2723350,
        "typical_volume": 19523246.1,
        "trend": 81.766178,
        "fair_value": 56.259494,
        "relative_strength": -10.960951,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.906798,
        "energy": 18.424666,
        "activity_lines": [
          100.195581,
          103.877185,
          100.432632,
          92.241419
        ]
      },
      {
        "date": "2026-06-26",
        "close": 84.599998,
        "volume": 3836443,
        "typical_volume": 19330296.95,
        "trend": 82.861484,
        "fair_value": 56.650602,
        "relative_strength": -17.91058,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 14.116196,
        "energy": 15.236631,
        "activity_lines": [
          94.182615,
          99.754637,
          99.684782,
          92.424246
        ]
      },
      {
        "date": "2026-07-03",
        "close": 87.800003,
        "volume": 2250596,
        "typical_volume": 18663925.0,
        "trend": 83.710678,
        "fair_value": 57.063629,
        "relative_strength": -18.59451,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 3.539943,
        "energy": 16.283254,
        "activity_lines": [
          90.880536,
          96.911771,
          99.117421,
          92.74286
        ]
      },
      {
        "date": "2026-07-10",
        "close": 83.0,
        "volume": 3353367,
        "typical_volume": 18323543.4,
        "trend": 84.334543,
        "fair_value": 57.447853,
        "relative_strength": -20.37443,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -3.256972,
        "energy": 19.300015,
        "activity_lines": [
          87.148025,
          93.559693,
          97.94827,
          92.69701
        ]
      },
      {
        "date": "2026-07-17",
        "close": 69.0,
        "volume": 2633432,
        "typical_volume": 17122453.8,
        "trend": 84.446011,
        "fair_value": 57.736745,
        "relative_strength": -29.258743,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -38.996327,
        "energy": 50.754435,
        "activity_lines": [
          80.369074,
          88.264394,
          95.36133,
          91.707685
        ]
      },
      {
        "date": "2026-07-24",
        "close": 72.5,
        "volume": 2843124,
        "typical_volume": 15519806.45,
        "trend": 84.798271,
        "fair_value": 58.03618,
        "relative_strength": -26.923299,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.522179,
        "energy": 59.147178,
        "activity_lines": [
          76.513334,
          84.275159,
          93.123063,
          90.936974
        ]
      },
      {
        "date": "2026-07-31",
        "close": 67.599998,
        "volume": 3512061,
        "typical_volume": 14868741.0,
        "trend": 84.934934,
        "fair_value": 58.246526,
        "relative_strength": -30.537947,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -38.212371,
        "energy": 63.438141,
        "activity_lines": [
          72.586666,
          80.018895,
          90.436869,
          89.827408
        ]
      },
      {
        "date": "2026-08-07",
        "close": 75.0,
        "volume": 4656163,
        "typical_volume": 13869252.35,
        "trend": 85.39666,
        "fair_value": 58.520957,
        "relative_strength": -24.481028,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -36.982964,
        "energy": 60.467279,
        "activity_lines": [
          72.259999,
          77.8656,
          88.517109,
          89.186445
        ]
      },
      {
        "date": "2026-08-14",
        "close": 83.5,
        "volume": 9399946,
        "typical_volume": 10629650.45,
        "trend": 86.259311,
        "fair_value": 58.874553,
        "relative_strength": -18.560517,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -32.248067,
        "energy": 35.709426,
        "activity_lines": [
          75.62,
          77.809461,
          87.463637,
          89.064079
        ]
      }
    ],
    "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."
    }
  }
}