{
  "ticker": {
    "uuid": "288a1a03-281b-414c-a2ad-bf6aab642d0c",
    "symbol": "TATACOMM",
    "name": "Tata Communications Limited",
    "exchange": "NSI",
    "country": "IN",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^NSEI",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 91.145,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 24.992,
    "architecture_energy": 26.522,
    "architecture_maturity": 64.558,
    "architecture_confidence": 90.072,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 52.75,
        "rotation_up": 18.09,
        "upward_expansion": 52.94,
        "deceleration": 93.91,
        "rotation_down": 36.88,
        "downward_expansion": 18.94
      },
      "activity_lines": [
        1774.52666,
        1831.619629,
        1815.565662,
        1747.714732
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 1755.199951,
    "trend_reference": 1680.4552,
    "distance_from_trend": 0.044479,
    "trend_direction": "Improving",
    "fair_value": 1727.106438,
    "distance_from_fair_value": 0.016266,
    "fair_value_direction": "Improving",
    "relative_strength": 3.139999,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.130418,
    "excess_performance": 0.174127,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.044479,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.010438,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.016266,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.085818,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.0314,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.051634,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.130418,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.092675,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1221368,
      "relative_activity": 0.597433,
      "balance": 2.092675,
      "dry_up": 0.765376,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.066229,
      "annualized_volatility": 0.339386,
      "from_high_reference": -0.135977,
      "from_low_reference": 0.327183
    },
    "levels": {
      "trend_reference": 1680.4552,
      "fair_value_reference": 1727.106438,
      "structural_low": 1322.5,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 11,
        "median_return": 0.004393,
        "positive_rate": 0.636364,
        "directional_follow_through": 0.636364,
        "median_excess_return": -0.008395,
        "regime_survival": 0.363636,
        "best_return": 0.158736,
        "worst_return": -0.108515,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.080455,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.833333,
        "median_excess_return": 0.002605,
        "regime_survival": 0.0,
        "best_return": 0.111019,
        "worst_return": -0.222889,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.024268,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.066927,
        "regime_survival": 0.0,
        "best_return": 0.092478,
        "worst_return": -0.155602,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.115553,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.086194,
        "regime_survival": 0.0,
        "best_return": 0.430932,
        "worst_return": -0.059474,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-15",
        "end": "2024-12-13",
        "tenure": "Developing",
        "return": 0.052031,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-20",
        "end": "2025-04-25",
        "tenure": "Established",
        "return": -0.082347,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-02",
        "end": "2025-05-30",
        "tenure": "Developing",
        "return": 0.076696,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-06",
        "end": "2025-07-04",
        "tenure": "Developing",
        "return": 0.044136,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-11",
        "end": "2025-08-08",
        "tenure": "Developing",
        "return": -0.033474,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-15",
        "end": "2025-09-26",
        "tenure": "Developing",
        "return": -0.047908,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-03",
        "end": "2025-10-10",
        "tenure": "New",
        "return": 0.15888,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-17",
        "end": "2025-12-05",
        "tenure": "Developing",
        "return": -0.046188,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-12-12",
        "end": "2026-01-23",
        "tenure": "Developing",
        "return": -0.132789,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-01-30",
        "end": "2026-03-06",
        "tenure": "Developing",
        "return": -0.072461,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-13",
        "end": "2026-05-15",
        "tenure": "Developing",
        "return": 0.190803,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-05-22",
        "end": "2026-06-19",
        "tenure": "Developing",
        "return": 0.021835,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-06-26",
        "end": "2026-07-17",
        "tenure": "New",
        "return": -0.087755,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": -0.011322,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 1654.102051,
        "volume": 3124919,
        "typical_volume": 4067730.8,
        "trend": 1336.880603,
        "fair_value": 1155.010301,
        "relative_strength": 21.381837,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.314662,
        "energy": 61.343858,
        "activity_lines": [
          1652.403068,
          1620.600029,
          1514.674377,
          1432.219029
        ]
      },
      {
        "date": "2023-08-25",
        "close": 1774.396729,
        "volume": 7470416,
        "typical_volume": 4418053.6,
        "trend": 1355.717029,
        "fair_value": 1161.175175,
        "relative_strength": 29.520063,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.681702,
        "energy": 64.074016,
        "activity_lines": [
          1695.580274,
          1653.183281,
          1548.69987,
          1460.445875
        ]
      },
      {
        "date": "2023-09-01",
        "close": 1808.717896,
        "volume": 7842219,
        "typical_volume": 4779056.75,
        "trend": 1376.62546,
        "fair_value": 1167.34729,
        "relative_strength": 30.006866,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.376772,
        "energy": 65.791102,
        "activity_lines": [
          1735.431169,
          1688.266005,
          1583.323541,
          1489.671738
        ]
      },
      {
        "date": "2023-09-08",
        "close": 1840.793213,
        "volume": 4352328,
        "typical_volume": 4726850.5,
        "trend": 1398.387931,
        "fair_value": 1173.988883,
        "relative_strength": 28.866003,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.524185,
        "energy": 75.155822,
        "activity_lines": [
          1780.730469,
          1723.631883,
          1618.196502,
          1519.618044
        ]
      },
      {
        "date": "2023-09-15",
        "close": 1882.242065,
        "volume": 5188233,
        "typical_volume": 4889870.1,
        "trend": 1421.305664,
        "fair_value": 1180.978948,
        "relative_strength": 28.40946,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.319281,
        "energy": 87.87668,
        "activity_lines": [
          1826.895492,
          1761.374876,
          1653.943369,
          1550.83444
        ]
      },
      {
        "date": "2023-09-22",
        "close": 1831.761353,
        "volume": 2454003,
        "typical_volume": 4970056.0,
        "trend": 1443.751229,
        "fair_value": 1187.824117,
        "relative_strength": 27.307902,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.275066,
        "energy": 82.730098,
        "activity_lines": [
          1840.132479,
          1783.2289,
          1681.742758,
          1577.315452
        ]
      },
      {
        "date": "2023-09-29",
        "close": 1887.173096,
        "volume": 3385000,
        "typical_volume": 4965396.6,
        "trend": 1468.177104,
        "fair_value": 1194.910936,
        "relative_strength": 30.328246,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.320899,
        "energy": 81.665679,
        "activity_lines": [
          1859.996094,
          1810.674248,
          1711.747348,
          1605.923315
        ]
      },
      {
        "date": "2023-10-06",
        "close": 1794.462158,
        "volume": 3178940,
        "typical_volume": 5027546.05,
        "trend": 1489.400232,
        "fair_value": 1201.272866,
        "relative_strength": 23.073902,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.11527,
        "energy": 60.128927,
        "activity_lines": [
          1841.437638,
          1815.185301,
          1729.688183,
          1626.973963
        ]
      },
      {
        "date": "2023-10-13",
        "close": 1766.487671,
        "volume": 3041496,
        "typical_volume": 5075494.4,
        "trend": 1510.22229,
        "fair_value": 1207.363134,
        "relative_strength": 19.80499,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.917571,
        "energy": 50.791206,
        "activity_lines": [
          1814.504736,
          1813.439269,
          1742.07648,
          1644.850572
        ]
      },
      {
        "date": "2023-10-20",
        "close": 1669.919922,
        "volume": 3555072,
        "typical_volume": 5136581.3,
        "trend": 1526.610079,
        "fair_value": 1212.575295,
        "relative_strength": 13.904358,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 42.515516,
        "energy": 31.52665,
        "activity_lines": [
          1760.336288,
          1791.954503,
          1742.683857,
          1655.153645
        ]
      },
      {
        "date": "2023-10-27",
        "close": 1570.032227,
        "volume": 6259004,
        "typical_volume": 5125191.75,
        "trend": 1538.952242,
        "fair_value": 1217.061685,
        "relative_strength": 9.446222,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 7.482222,
        "energy": 22.205786,
        "activity_lines": [
          1687.02675,
          1751.777524,
          1732.098232,
          1657.955074
        ]
      },
      {
        "date": "2023-11-03",
        "close": 1663.426758,
        "volume": 4181685,
        "typical_volume": 4742472.75,
        "trend": 1553.946786,
        "fair_value": 1221.7792,
        "relative_strength": 14.334561,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 19.461188,
        "energy": 28.005019,
        "activity_lines": [
          1662.297331,
          1730.10991,
          1729.672805,
          1665.985688
        ]
      },
      {
        "date": "2023-11-10",
        "close": 1668.406494,
        "volume": 2150886,
        "typical_volume": 4679998.0,
        "trend": 1568.908244,
        "fair_value": 1226.428231,
        "relative_strength": 13.041057,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 5.601984,
        "energy": 24.951801,
        "activity_lines": [
          1654.144247,
          1711.365339,
          1727.27035,
          1673.370186
        ]
      },
      {
        "date": "2023-11-17",
        "close": 1665.526001,
        "volume": 2563093,
        "typical_volume": 4668460.1,
        "trend": 1584.581234,
        "fair_value": 1230.921036,
        "relative_strength": 10.634099,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 4.955845,
        "energy": 22.187665,
        "activity_lines": [
          1653.434709,
          1694.648158,
          1723.808475,
          1679.603589
        ]
      },
      {
        "date": "2023-11-24",
        "close": 1683.101563,
        "volume": 5315291,
        "typical_volume": 4790884.55,
        "trend": 1599.921749,
        "fair_value": 1235.365736,
        "relative_strength": 10.954525,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 8.236566,
        "energy": 14.433516,
        "activity_lines": [
          1665.31447,
          1684.31321,
          1721.503891,
          1685.95974
        ]
      },
      {
        "date": "2023-12-01",
        "close": 1620.708496,
        "volume": 22186647,
        "typical_volume": 5447918.65,
        "trend": 1614.391419,
        "fair_value": 1239.693471,
        "relative_strength": 4.036948,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -3.975067,
        "energy": 12.780735,
        "activity_lines": [
          1655.517765,
          1666.254805,
          1712.447846,
          1687.30082
        ]
      },
      {
        "date": "2023-12-08",
        "close": 1654.883179,
        "volume": 3571474,
        "typical_volume": 5359926.9,
        "trend": 1629.287411,
        "fair_value": 1244.107296,
        "relative_strength": 2.347875,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 6.488401,
        "energy": 12.59119,
        "activity_lines": [
          1653.734204,
          1658.247304,
          1706.477286,
          1689.913192
        ]
      },
      {
        "date": "2023-12-15",
        "close": 1770.588623,
        "volume": 4739820,
        "typical_volume": 5205789.6,
        "trend": 1648.709729,
        "fair_value": 1249.48545,
        "relative_strength": 6.649656,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.73173,
        "energy": 19.324189,
        "activity_lines": [
          1691.088696,
          1675.500608,
          1711.04064,
          1699.029399
        ]
      },
      {
        "date": "2023-12-22",
        "close": 1689.350708,
        "volume": 3375490,
        "typical_volume": 5113397.0,
        "trend": 1664.226441,
        "fair_value": 1253.914329,
        "relative_strength": 1.921004,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 24.532765,
        "energy": 13.379087,
        "activity_lines": [
          1694.551742,
          1678.417447,
          1707.674091,
          1701.651398
        ]
      },
      {
        "date": "2023-12-29",
        "close": 1728.553955,
        "volume": 3023868,
        "typical_volume": 5047994.2,
        "trend": 1677.940129,
        "fair_value": 1258.452865,
        "relative_strength": 2.15607,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.172344,
        "energy": 21.185396,
        "activity_lines": [
          1709.494222,
          1689.86464,
          1707.8373,
          1705.80156
        ]
      },
      {
        "date": "2024-01-05",
        "close": 1716.983276,
        "volume": 2494777,
        "typical_volume": 5016487.1,
        "trend": 1687.980127,
        "fair_value": 1263.116549,
        "relative_strength": 1.379945,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 24.005561,
        "energy": 19.813694,
        "activity_lines": [
          1717.54965,
          1698.141999,
          1706.480306,
          1708.320472
        ]
      },
      {
        "date": "2024-01-12",
        "close": 1703.166992,
        "volume": 4286931,
        "typical_volume": 4857312.85,
        "trend": 1692.463827,
        "fair_value": 1267.483384,
        "relative_strength": -0.376506,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 22.950711,
        "energy": 13.440177,
        "activity_lines": [
          1714.581331,
          1701.235469,
          1703.508042,
          1709.30027
        ]
      },
      {
        "date": "2024-01-19",
        "close": 1696.771484,
        "volume": 11562374,
        "typical_volume": 5043320.6,
        "trend": 1698.904936,
        "fair_value": 1272.189331,
        "relative_strength": 0.336713,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 28.72231,
        "energy": 13.868202,
        "activity_lines": [
          1706.262256,
          1702.44357,
          1700.26587,
          1709.578184
        ]
      },
      {
        "date": "2024-01-26",
        "close": 1676.120239,
        "volume": 1655090,
        "typical_volume": 4908458.7,
        "trend": 1702.874076,
        "fair_value": 1276.921278,
        "relative_strength": 0.126531,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -8.234182,
        "energy": 5.394878,
        "activity_lines": [
          1695.980574,
          1699.381172,
          1695.589992,
          1708.108203
        ]
      },
      {
        "date": "2024-02-02",
        "close": 1658.642334,
        "volume": 1997086,
        "typical_volume": 4748901.35,
        "trend": 1707.723625,
        "fair_value": 1281.356809,
        "relative_strength": -3.420294,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -41.312727,
        "energy": 26.725803,
        "activity_lines": [
          1680.754956,
          1692.948351,
          1690.033708,
          1705.254542
        ]
      },
      {
        "date": "2024-02-09",
        "close": 1719.32666,
        "volume": 4017380,
        "typical_volume": 4827070.2,
        "trend": 1712.195622,
        "fair_value": 1286.315815,
        "relative_strength": 0.136946,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -28.648053,
        "energy": 17.299929,
        "activity_lines": [
          1690.418221,
          1697.993756,
          1691.321645,
          1706.003125
        ]
      },
      {
        "date": "2024-02-16",
        "close": 1769.612305,
        "volume": 3152378,
        "typical_volume": 4815439.1,
        "trend": 1719.419491,
        "fair_value": 1291.665298,
        "relative_strength": 1.518754,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -3.374764,
        "energy": 9.0442,
        "activity_lines": [
          1716.687142,
          1710.388949,
          1697.934094,
          1709.707427
        ]
      },
      {
        "date": "2024-02-23",
        "close": 1781.524658,
        "volume": 3681957,
        "typical_volume": 4840589.95,
        "trend": 1721.134733,
        "fair_value": 1296.620489,
        "relative_strength": 1.069656,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 17.908169,
        "energy": 26.959982,
        "activity_lines": [
          1742.49716,
          1722.86404,
          1706.240866,
          1713.714212
        ]
      },
      {
        "date": "2024-03-01",
        "close": 1860.614502,
        "volume": 6311406,
        "typical_volume": 5004085.45,
        "trend": 1728.270724,
        "fair_value": 1301.070834,
        "relative_strength": 4.513193,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 34.365358,
        "energy": 47.560195,
        "activity_lines": [
          1789.020247,
          1749.520266,
          1722.141611,
          1722.712907
        ]
      },
      {
        "date": "2024-03-08",
        "close": 1964.06604,
        "volume": 5257892,
        "typical_volume": 5089226.45,
        "trend": 1739.048755,
        "fair_value": 1305.940786,
        "relative_strength": 9.017045,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 56.054904,
        "energy": 69.711282,
        "activity_lines": [
          1857.727563,
          1791.871975,
          1747.44666,
          1737.925508
        ]
      },
      {
        "date": "2024-03-15",
        "close": 1889.223633,
        "volume": 4002683,
        "typical_volume": 4976410.4,
        "trend": 1746.886141,
        "fair_value": 1311.027547,
        "relative_strength": 6.61508,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 66.802886,
        "energy": 74.017321,
        "activity_lines": [
          1881.12583,
          1816.333936,
          1764.223166,
          1747.61421
        ]
      },
      {
        "date": "2024-03-22",
        "close": 1877.311401,
        "volume": 2861985,
        "typical_volume": 4910425.4,
        "trend": 1750.31663,
        "fair_value": 1316.380703,
        "relative_strength": 5.203112,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.960649,
        "energy": 73.058474,
        "activity_lines": [
          1889.226888,
          1835.498393,
          1778.345214,
          1756.028743
        ]
      },
      {
        "date": "2024-03-29",
        "close": 1962.991943,
        "volume": 1830918,
        "typical_volume": 4894427.0,
        "trend": 1755.459098,
        "fair_value": 1322.25291,
        "relative_strength": 8.385188,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.698403,
        "energy": 77.49751,
        "activity_lines": [
          1918.708187,
          1867.074869,
          1799.608816,
          1769.749731
        ]
      },
      {
        "date": "2024-04-05",
        "close": 2013.179932,
        "volume": 3236582,
        "typical_volume": 4928101.45,
        "trend": 1761.205322,
        "fair_value": 1328.491362,
        "relative_strength": 9.701827,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.707478,
        "energy": 74.185479,
        "activity_lines": [
          1952.820996,
          1902.936062,
          1824.249438,
          1786.376881
        ]
      },
      {
        "date": "2024-04-12",
        "close": 1899.573486,
        "volume": 1669567,
        "typical_volume": 4745815.25,
        "trend": 1761.783036,
        "fair_value": 1334.042505,
        "relative_strength": 3.097151,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.262607,
        "energy": 52.43071,
        "activity_lines": [
          1938.893961,
          1912.013179,
          1836.414904,
          1795.30386
        ]
      },
      {
        "date": "2024-04-19",
        "close": 1713.809937,
        "volume": 6141691,
        "typical_volume": 3943567.45,
        "trend": 1757.851322,
        "fair_value": 1338.218779,
        "relative_strength": -5.632934,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 26.76029,
        "energy": 23.529354,
        "activity_lines": [
          1867.345247,
          1882.934539,
          1829.857784,
          1792.208821
        ]
      },
      {
        "date": "2024-04-26",
        "close": 1715.22583,
        "volume": 3908316,
        "typical_volume": 3960409.55,
        "trend": 1752.119747,
        "fair_value": 1342.63841,
        "relative_strength": -6.897155,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 13.934934,
        "energy": 15.069424,
        "activity_lines": [
          1807.962744,
          1854.213639,
          1822.992171,
          1789.458789
        ]
      },
      {
        "date": "2024-05-03",
        "close": 1681.148682,
        "volume": 1625836,
        "typical_volume": 3804710.35,
        "trend": 1748.342631,
        "fair_value": 1346.915801,
        "relative_strength": -9.167836,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "mixed",
        "direction": -15.62255,
        "energy": 27.457061,
        "activity_lines": [
          1748.026896,
          1820.285738,
          1812.59377,
          1784.880011
        ]
      },
      {
        "date": "2024-05-10",
        "close": 1700.970093,
        "volume": 1957466,
        "typical_volume": 3733809.15,
        "trend": 1746.158712,
        "fair_value": 1351.339973,
        "relative_strength": -6.58763,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -22.165521,
        "energy": 34.455497,
        "activity_lines": [
          1713.487736,
          1791.786748,
          1804.509026,
          1781.823718
        ]
      },
      {
        "date": "2024-05-17",
        "close": 1759.555298,
        "volume": 1782530,
        "typical_volume": 3671742.25,
        "trend": 1749.146558,
        "fair_value": 1356.236811,
        "relative_strength": -5.425385,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -19.923315,
        "energy": 30.098725,
        "activity_lines": [
          1719.290967,
          1776.842239,
          1801.948496,
          1782.688014
        ]
      },
      {
        "date": "2024-05-24",
        "close": 1795.194458,
        "volume": 1167903,
        "typical_volume": 3605398.55,
        "trend": 1756.651965,
        "fair_value": 1361.474464,
        "relative_strength": -5.836818,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -16.107661,
        "energy": 21.165206,
        "activity_lines": [
          1746.308464,
          1772.095954,
          1802.634545,
          1785.658846
        ]
      },
      {
        "date": "2024-05-31",
        "close": 1736.365356,
        "volume": 1719894,
        "typical_volume": 3477046.7,
        "trend": 1759.083252,
        "fair_value": 1365.785762,
        "relative_strength": -7.327683,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -16.787558,
        "energy": 15.513653,
        "activity_lines": [
          1748.290625,
          1758.36309,
          1797.345389,
          1784.350033
        ]
      },
      {
        "date": "2024-06-07",
        "close": 1770.00293,
        "volume": 3348745,
        "typical_volume": 3066365.25,
        "trend": 1762.4698,
        "fair_value": 1369.440109,
        "relative_strength": -8.607125,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -0.070879,
        "energy": 3.437802,
        "activity_lines": [
          1760.076009,
          1753.308805,
          1795.101724,
          1785.054528
        ]
      },
      {
        "date": "2024-06-14",
        "close": 1824.340576,
        "volume": 3388482,
        "typical_volume": 3153034.85,
        "trend": 1767.763619,
        "fair_value": 1373.553717,
        "relative_strength": -6.384973,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 12.064074,
        "energy": 10.972442,
        "activity_lines": [
          1784.050325,
          1761.642982,
          1797.684352,
          1789.046191
        ]
      },
      {
        "date": "2024-06-21",
        "close": 1802.224609,
        "volume": 1755369,
        "typical_volume": 3140949.0,
        "trend": 1771.734387,
        "fair_value": 1377.31803,
        "relative_strength": -7.576824,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 10.662062,
        "energy": 9.49084,
        "activity_lines": [
          1792.427954,
          1769.389517,
          1797.454886,
          1791.269481
        ]
      },
      {
        "date": "2024-06-28",
        "close": 1810.719482,
        "volume": 1545931,
        "typical_volume": 3017376.55,
        "trend": 1778.068087,
        "fair_value": 1380.896042,
        "relative_strength": -8.990783,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 34.288632,
        "energy": 20.245507,
        "activity_lines": [
          1800.792586,
          1780.450555,
          1797.35073,
          1793.784648
        ]
      },
      {
        "date": "2024-07-05",
        "close": 1860.526123,
        "volume": 2790970,
        "typical_volume": 2999306.15,
        "trend": 1784.922851,
        "fair_value": 1384.768557,
        "relative_strength": -7.653503,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 46.465698,
        "energy": 28.301665,
        "activity_lines": [
          1824.72443,
          1798.805353,
          1801.55486,
          1799.104522
        ]
      },
      {
        "date": "2024-07-12",
        "close": 1832.149658,
        "volume": 1436117,
        "typical_volume": 2887014.15,
        "trend": 1786.974886,
        "fair_value": 1388.289708,
        "relative_strength": -9.592571,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 50.582375,
        "energy": 29.203495,
        "activity_lines": [
          1830.920068,
          1809.358971,
          1802.623547,
          1802.151412
        ]
      },
      {
        "date": "2024-07-19",
        "close": 1762.095459,
        "volume": 2817947,
        "typical_volume": 2712341.2,
        "trend": 1789.399711,
        "fair_value": 1391.28567,
        "relative_strength": -13.013447,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 27.083863,
        "energy": 16.198567,
        "activity_lines": [
          1809.621191,
          1804.429989,
          1796.779333,
          1800.546288
        ]
      },
      {
        "date": "2024-07-26",
        "close": 1858.653931,
        "volume": 2752651,
        "typical_volume": 2587079.15,
        "trend": 1793.736377,
        "fair_value": 1394.48615,
        "relative_strength": -9.08984,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 47.176846,
        "energy": 26.898573,
        "activity_lines": [
          1824.658146,
          1815.945723,
          1800.600303,
          1805.014302
        ]
      },
      {
        "date": "2024-08-02",
        "close": 1922.648682,
        "volume": 4996867,
        "typical_volume": 2636788.35,
        "trend": 1800.59189,
        "fair_value": 1397.855193,
        "relative_strength": -5.368579,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 56.357729,
        "energy": 38.992438,
        "activity_lines": [
          1857.26473,
          1837.295073,
          1811.017974,
          1813.331225
        ]
      },
      {
        "date": "2024-08-09",
        "close": 1859.737793,
        "volume": 1738786,
        "typical_volume": 2580628.4,
        "trend": 1805.810917,
        "fair_value": 1401.156869,
        "relative_strength": -6.972565,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 40.314095,
        "energy": 30.680127,
        "activity_lines": [
          1861.439071,
          1844.88873,
          1815.284964,
          1817.14709
        ]
      },
      {
        "date": "2024-08-16",
        "close": 1837.174561,
        "volume": 919159,
        "typical_volume": 2535040.45,
        "trend": 1810.49102,
        "fair_value": 1404.507236,
        "relative_strength": -8.519922,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 39.76126,
        "energy": 36.417795,
        "activity_lines": [
          1858.14489,
          1846.136845,
          1817.486759,
          1819.170551
        ]
      },
      {
        "date": "2024-08-23",
        "close": 1878.852417,
        "volume": 1310765,
        "typical_volume": 2438749.6,
        "trend": 1817.248759,
        "fair_value": 1408.164341,
        "relative_strength": -7.149349,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 51.390166,
        "energy": 37.74219,
        "activity_lines": [
          1868.408334,
          1853.741451,
          1824.257005,
          1823.580963
        ]
      },
      {
        "date": "2024-08-30",
        "close": 1932.994141,
        "volume": 2187069,
        "typical_volume": 2464624.7,
        "trend": 1826.393819,
        "fair_value": 1412.29085,
        "relative_strength": -5.669688,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 62.382904,
        "energy": 38.785715,
        "activity_lines": [
          1888.935222,
          1870.198882,
          1836.823259,
          1831.048407
        ]
      },
      {
        "date": "2024-09-06",
        "close": 1912.795654,
        "volume": 1477587,
        "typical_volume": 2231419.5,
        "trend": 1832.842786,
        "fair_value": 1416.348296,
        "relative_strength": -4.855539,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.185093,
        "energy": 44.948554,
        "activity_lines": [
          1897.773267,
          1880.606232,
          1847.306702,
          1836.622719
        ]
      },
      {
        "date": "2024-09-13",
        "close": 2029.897583,
        "volume": 4724029,
        "typical_volume": 2272205.15,
        "trend": 1841.518962,
        "fair_value": 1420.860966,
        "relative_strength": -0.728482,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.712916,
        "energy": 69.543726,
        "activity_lines": [
          1946.302157,
          1910.448913,
          1867.995159,
          1849.335932
        ]
      },
      {
        "date": "2024-09-20",
        "close": 1939.053711,
        "volume": 1560236,
        "typical_volume": 2268925.15,
        "trend": 1846.76993,
        "fair_value": 1424.61912,
        "relative_strength": -6.368419,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.778683,
        "energy": 61.020494,
        "activity_lines": [
          1953.20577,
          1920.695044,
          1878.533382,
          1855.628496
        ]
      },
      {
        "date": "2024-09-27",
        "close": 2095.173096,
        "volume": 5692939,
        "typical_volume": 2455698.8,
        "trend": 1854.58855,
        "fair_value": 1429.527264,
        "relative_strength": 0.055642,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.526661,
        "energy": 73.51759,
        "activity_lines": [
          2005.357235,
          1957.382808,
          1902.711998,
          1871.654507
        ]
      },
      {
        "date": "2024-10-04",
        "close": 2051.42627,
        "volume": 2444645,
        "typical_volume": 2488804.55,
        "trend": 1857.500558,
        "fair_value": 1433.868009,
        "relative_strength": 2.756176,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.926014,
        "energy": 70.760876,
        "activity_lines": [
          2028.505046,
          1980.060647,
          1920.847093,
          1884.353715
        ]
      },
      {
        "date": "2024-10-11",
        "close": 1934.866211,
        "volume": 1848489,
        "typical_volume": 2522833.85,
        "trend": 1859.021977,
        "fair_value": 1437.571227,
        "relative_strength": -2.60684,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.736166,
        "energy": 41.894739,
        "activity_lines": [
          2004.904029,
          1978.040796,
          1926.491367,
          1889.345047
        ]
      },
      {
        "date": "2024-10-18",
        "close": 1845.45105,
        "volume": 2525595,
        "typical_volume": 2563118.9,
        "trend": 1857.959965,
        "fair_value": 1441.012409,
        "relative_strength": -6.442577,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 31.311316,
        "energy": 22.927469,
        "activity_lines": [
          1950.026587,
          1959.541506,
          1922.954809,
          1888.469504
        ]
      },
      {
        "date": "2024-10-25",
        "close": 1751.454224,
        "volume": 2139786,
        "typical_volume": 2502670.95,
        "trend": 1850.908708,
        "fair_value": 1444.341012,
        "relative_strength": -8.514077,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 3.098029,
        "energy": 13.246438,
        "activity_lines": [
          1876.113306,
          1924.211643,
          1909.946716,
          1881.598166
        ]
      },
      {
        "date": "2024-11-01",
        "close": 1764.460083,
        "volume": 1527368,
        "typical_volume": 2409615.25,
        "trend": 1842.618046,
        "fair_value": 1447.735465,
        "relative_strength": -7.992587,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "mixed",
        "direction": -25.100328,
        "energy": 32.041798,
        "activity_lines": [
          1819.041944,
          1892.805034,
          1898.265604,
          1876.020835
        ]
      },
      {
        "date": "2024-11-08",
        "close": 1748.547607,
        "volume": 1452570,
        "typical_volume": 2394475.3,
        "trend": 1837.58385,
        "fair_value": 1451.538726,
        "relative_strength": -7.930294,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "mixed",
        "direction": -27.494367,
        "energy": 37.223697,
        "activity_lines": [
          1778.713957,
          1860.585107,
          1885.354163,
          1869.951774
        ]
      },
      {
        "date": "2024-11-15",
        "close": 1724.161743,
        "volume": 842654,
        "typical_volume": 2359311.45,
        "trend": 1837.92891,
        "fair_value": 1454.977236,
        "relative_strength": -6.585326,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -31.557555,
        "energy": 55.356454,
        "activity_lines": [
          1750.449259,
          1827.284961,
          1870.375864,
          1862.634219
        ]
      },
      {
        "date": "2024-11-22",
        "close": 1712.584473,
        "volume": 679564,
        "typical_volume": 2253741.15,
        "trend": 1837.840865,
        "fair_value": 1458.112257,
        "relative_strength": -8.365341,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -31.729879,
        "energy": 56.695098,
        "activity_lines": [
          1732.372437,
          1795.309564,
          1854.707147,
          1854.547481
        ]
      },
      {
        "date": "2024-11-29",
        "close": 1729.285156,
        "volume": 1708480,
        "typical_volume": 2267359.3,
        "trend": 1839.445414,
        "fair_value": 1461.323823,
        "relative_strength": -8.142468,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -34.388007,
        "energy": 49.93153,
        "activity_lines": [
          1728.72028,
          1772.139984,
          1841.333455,
          1847.543887
        ]
      },
      {
        "date": "2024-12-06",
        "close": 1761.799805,
        "volume": 1292915,
        "typical_volume": 2191107.7,
        "trend": 1841.473071,
        "fair_value": 1464.209144,
        "relative_strength": -8.318458,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -31.269226,
        "energy": 32.106131,
        "activity_lines": [
          1737.384277,
          1758.696132,
          1831.546228,
          1842.534493
        ]
      },
      {
        "date": "2024-12-13",
        "close": 1813.872437,
        "volume": 2135014,
        "typical_volume": 2160225.85,
        "trend": 1843.283643,
        "fair_value": 1467.655123,
        "relative_strength": -5.737402,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -44.310672,
        "energy": 29.693321,
        "activity_lines": [
          1763.583171,
          1760.781363,
          1826.719707,
          1840.753807
        ]
      },
      {
        "date": "2024-12-20",
        "close": 1685.29187,
        "volume": 1442210,
        "typical_volume": 1982493.0,
        "trend": 1839.620223,
        "fair_value": 1470.147276,
        "relative_strength": -7.859938,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.073659,
        "energy": 36.876427,
        "activity_lines": [
          1742.566887,
          1743.807471,
          1809.860663,
          1830.560789
        ]
      },
      {
        "date": "2024-12-27",
        "close": 1688.395508,
        "volume": 905024,
        "typical_volume": 1940804.9,
        "trend": 1838.021228,
        "fair_value": 1472.122839,
        "relative_strength": -8.369573,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.36755,
        "energy": 38.97715,
        "activity_lines": [
          1725.176473,
          1731.935591,
          1794.427473,
          1820.804356
        ]
      },
      {
        "date": "2025-01-03",
        "close": 1711.008057,
        "volume": 873738,
        "typical_volume": 1938533.85,
        "trend": 1836.054732,
        "fair_value": 1474.251509,
        "relative_strength": -7.703504,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.572795,
        "energy": 40.316146,
        "activity_lines": [
          1716.936174,
          1727.03064,
          1781.963776,
          1812.609958
        ]
      },
      {
        "date": "2025-01-10",
        "close": 1693.617676,
        "volume": 2255801,
        "typical_volume": 1985785.65,
        "trend": 1831.697302,
        "fair_value": 1475.772394,
        "relative_strength": -6.277918,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.414537,
        "energy": 56.834687,
        "activity_lines": [
          1704.117554,
          1719.699186,
          1768.444645,
          1803.42047
        ]
      },
      {
        "date": "2025-01-17",
        "close": 1673.172852,
        "volume": 1075188,
        "typical_volume": 1930191.6,
        "trend": 1827.395577,
        "fair_value": 1478.194716,
        "relative_strength": -6.349685,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.495841,
        "energy": 59.892463,
        "activity_lines": [
          1689.029468,
          1709.938535,
          1753.860458,
          1793.193087
        ]
      },
      {
        "date": "2025-01-24",
        "close": 1605.483276,
        "volume": 2875645,
        "typical_volume": 2000094.5,
        "trend": 1820.55437,
        "fair_value": 1480.829571,
        "relative_strength": -9.503646,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.830791,
        "energy": 67.344106,
        "activity_lines": [
          1660.758163,
          1689.241138,
          1734.066888,
          1778.876164
        ]
      },
      {
        "date": "2025-01-31",
        "close": 1608.981079,
        "volume": 1379148,
        "typical_volume": 1832850.45,
        "trend": 1812.169535,
        "fair_value": 1483.218604,
        "relative_strength": -10.745612,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.87041,
        "energy": 69.361567,
        "activity_lines": [
          1638.973364,
          1671.337496,
          1716.069835,
          1765.226274
        ]
      },
      {
        "date": "2025-02-07",
        "close": 1582.181152,
        "volume": 1024042,
        "typical_volume": 1806040.75,
        "trend": 1803.837252,
        "fair_value": 1485.779303,
        "relative_strength": -12.164911,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.613634,
        "energy": 74.05195,
        "activity_lines": [
          1613.549552,
          1650.444838,
          1697.524773,
          1750.388314
        ]
      },
      {
        "date": "2025-02-14",
        "close": 1481.09021,
        "volume": 743141,
        "typical_volume": 1558550.85,
        "trend": 1794.47041,
        "fair_value": 1487.801938,
        "relative_strength": -15.180511,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -85.091019,
        "energy": 83.774955,
        "activity_lines": [
          1563.01722,
          1613.846626,
          1671.051395,
          1729.565924
        ]
      },
      {
        "date": "2025-02-21",
        "close": 1428.820557,
        "volume": 1000122,
        "typical_volume": 1486324.7,
        "trend": 1780.142631,
        "fair_value": 1489.848075,
        "relative_strength": -17.329407,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -85.743195,
        "energy": 88.893114,
        "activity_lines": [
          1509.230168,
          1572.848653,
          1642.524158,
          1705.975611
        ]
      },
      {
        "date": "2025-02-28",
        "close": 1332.606812,
        "volume": 2594153,
        "typical_volume": 1523607.9,
        "trend": 1760.474569,
        "fair_value": 1491.476828,
        "relative_strength": -20.089774,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -90.383539,
        "energy": 94.678276,
        "activity_lines": [
          1439.66202,
          1521.358214,
          1607.798497,
          1677.102332
        ]
      },
      {
        "date": "2025-03-07",
        "close": 1363.495728,
        "volume": 3041238,
        "typical_volume": 1549390.05,
        "trend": 1743.933167,
        "fair_value": 1493.289691,
        "relative_strength": -19.235028,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.492937,
        "energy": 90.378249,
        "activity_lines": [
          1398.581942,
          1481.896398,
          1578.88254,
          1651.490794
        ]
      },
      {
        "date": "2025-03-14",
        "close": 1481.829224,
        "volume": 5964633,
        "typical_volume": 1740632.4,
        "trend": 1732.088322,
        "fair_value": 1495.796458,
        "relative_strength": -11.169301,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.839925,
        "energy": 76.835819,
        "activity_lines": [
          1413.312053,
          1469.857031,
          1563.531465,
          1634.580862
        ]
      },
      {
        "date": "2025-03-21",
        "close": 1586.319336,
        "volume": 2820309,
        "typical_volume": 1805279.45,
        "trend": 1722.337219,
        "fair_value": 1498.918357,
        "relative_strength": -8.384695,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.338284,
        "energy": 52.666432,
        "activity_lines": [
          1469.562329,
          1480.982755,
          1559.415757,
          1625.176412
        ]
      },
      {
        "date": "2025-03-28",
        "close": 1554.987061,
        "volume": 1982708,
        "typical_volume": 1831786.35,
        "trend": 1709.736983,
        "fair_value": 1501.399889,
        "relative_strength": -10.332285,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.81937,
        "energy": 32.221774,
        "activity_lines": [
          1508.353239,
          1488.36258,
          1553.164313,
          1614.379627
        ]
      },
      {
        "date": "2025-04-04",
        "close": 1574.545166,
        "volume": 934695,
        "typical_volume": 1836388.4,
        "trend": 1698.461967,
        "fair_value": 1503.341321,
        "relative_strength": -6.26145,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.796669,
        "energy": 27.534565,
        "activity_lines": [
          1545.252417,
          1501.447257,
          1549.697262,
          1605.657575
        ]
      },
      {
        "date": "2025-04-11",
        "close": 1541.24231,
        "volume": 963396,
        "typical_volume": 1850580.0,
        "trend": 1682.173458,
        "fair_value": 1505.351713,
        "relative_strength": -7.530719,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -30.341501,
        "energy": 26.351293,
        "activity_lines": [
          1554.92142,
          1509.03938,
          1543.77097,
          1595.514371
        ]
      },
      {
        "date": "2025-04-18",
        "close": 1541.981201,
        "volume": 1210663,
        "typical_volume": 1825689.15,
        "trend": 1668.937708,
        "fair_value": 1507.780384,
        "relative_strength": -11.156698,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -29.44873,
        "energy": 20.576485,
        "activity_lines": [
          1552.986947,
          1517.997461,
          1538.730964,
          1586.469709
        ]
      },
      {
        "date": "2025-04-25",
        "close": 1546.51355,
        "volume": 5159262,
        "typical_volume": 2019006.5,
        "trend": 1650.649056,
        "fair_value": 1511.081503,
        "relative_strength": -11.305981,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -29.278609,
        "energy": 16.628581,
        "activity_lines": [
          1548.553125,
          1528.510514,
          1535.014534,
          1578.571376
        ]
      },
      {
        "date": "2025-05-02",
        "close": 1533.901978,
        "volume": 1147167,
        "typical_volume": 1969614.15,
        "trend": 1633.398246,
        "fair_value": 1514.644633,
        "relative_strength": -12.867303,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -21.017098,
        "energy": 12.640983,
        "activity_lines": [
          1542.569165,
          1535.541038,
          1531.122175,
          1571.039307
        ]
      },
      {
        "date": "2025-05-09",
        "close": 1493.505005,
        "volume": 1439705,
        "typical_volume": 1969488.9,
        "trend": 1618.686206,
        "fair_value": 1518.389537,
        "relative_strength": -13.622526,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -40.267595,
        "energy": 21.713651,
        "activity_lines": [
          1524.52522,
          1533.316087,
          1524.715677,
          1562.013936
        ]
      },
      {
        "date": "2025-05-16",
        "close": 1608.291382,
        "volume": 1978184,
        "typical_volume": 2023146.9,
        "trend": 1610.780884,
        "fair_value": 1522.77117,
        "relative_strength": -10.409517,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -6.69503,
        "energy": 5.493019,
        "activity_lines": [
          1550.146078,
          1549.035964,
          1530.154486,
          1561.343303
        ]
      },
      {
        "date": "2025-05-23",
        "close": 1649.969238,
        "volume": 2627709,
        "typical_volume": 2110845.45,
        "trend": 1607.398051,
        "fair_value": 1527.43175,
        "relative_strength": -7.177732,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 4.550157,
        "energy": 10.588187,
        "activity_lines": [
          1585.189616,
          1567.882804,
          1539.944063,
          1563.871583
        ]
      },
      {
        "date": "2025-05-30",
        "close": 1651.545654,
        "volume": 2724924,
        "typical_volume": 2134301.6,
        "trend": 1603.634237,
        "fair_value": 1532.247431,
        "relative_strength": -6.444372,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 24.064989,
        "energy": 34.891862,
        "activity_lines": [
          1613.559424,
          1583.959173,
          1550.174436,
          1566.719816
        ]
      },
      {
        "date": "2025-06-06",
        "close": 1687.902954,
        "volume": 1177155,
        "typical_volume": 2139399.95,
        "trend": 1601.612748,
        "fair_value": 1537.210446,
        "relative_strength": -5.132691,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 31.97481,
        "energy": 52.458718,
        "activity_lines": [
          1647.046191,
          1605.460028,
          1564.067751,
          1572.156507
        ]
      },
      {
        "date": "2025-06-13",
        "close": 1680.907349,
        "volume": 1610267,
        "typical_volume": 2076131.05,
        "trend": 1600.170935,
        "fair_value": 1542.613036,
        "relative_strength": -4.186412,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 28.278789,
        "energy": 55.343348,
        "activity_lines": [
          1667.934359,
          1623.272301,
          1577.224676,
          1577.272288
        ]
      },
      {
        "date": "2025-06-20",
        "close": 1654.5,
        "volume": 1167395,
        "typical_volume": 2065543.4,
        "trend": 1598.234786,
        "fair_value": 1547.528034,
        "relative_strength": -6.898033,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 34.584791,
        "energy": 55.287353,
        "activity_lines": [
          1667.526587,
          1634.349381,
          1587.507452,
          1580.777389
        ]
      },
      {
        "date": "2025-06-27",
        "close": 1678.800049,
        "volume": 1773804,
        "typical_volume": 2103031.5,
        "trend": 1596.551949,
        "fair_value": 1552.518219,
        "relative_strength": -7.216173,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 35.883283,
        "energy": 50.317263,
        "activity_lines": [
          1672.138257,
          1647.78542,
          1599.887762,
          1585.975148
        ]
      },
      {
        "date": "2025-07-04",
        "close": 1762.400024,
        "volume": 5873891,
        "typical_volume": 2359569.0,
        "trend": 1596.571956,
        "fair_value": 1557.797923,
        "relative_strength": -1.724712,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 76.613553,
        "energy": 64.090969,
        "activity_lines": [
          1702.694531,
          1673.93384,
          1619.769885,
          1596.675024
        ]
      },
      {
        "date": "2025-07-11",
        "close": 1711.800049,
        "volume": 1906312,
        "typical_volume": 2404878.5,
        "trend": 1593.169544,
        "fair_value": 1562.697385,
        "relative_strength": -3.187947,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.068722,
        "energy": 54.221077,
        "activity_lines": [
          1708.993856,
          1686.957056,
          1633.493391,
          1604.109094
        ]
      },
      {
        "date": "2025-07-18",
        "close": 1763.800049,
        "volume": 4512951,
        "typical_volume": 2500818.4,
        "trend": 1595.786483,
        "fair_value": 1567.482193,
        "relative_strength": 0.510596,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.204087,
        "energy": 62.676824,
        "activity_lines": [
          1731.033374,
          1706.200306,
          1650.821758,
          1615.117514
        ]
      },
      {
        "date": "2025-07-25",
        "close": 1728.800049,
        "volume": 1929718,
        "typical_volume": 2445242.4,
        "trend": 1597.133301,
        "fair_value": 1572.105934,
        "relative_strength": -0.82063,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.022387,
        "energy": 58.696474,
        "activity_lines": [
          1735.880046,
          1714.165465,
          1662.763489,
          1623.699034
        ]
      },
      {
        "date": "2025-08-01",
        "close": 1667.199951,
        "volume": 2161490,
        "typical_volume": 2255085.25,
        "trend": 1595.673031,
        "fair_value": 1575.992407,
        "relative_strength": -3.033408,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.037147,
        "energy": 37.665763,
        "activity_lines": [
          1715.240015,
          1708.73954,
          1667.099001,
          1628.219463
        ]
      },
      {
        "date": "2025-08-08",
        "close": 1654.5,
        "volume": 924472,
        "typical_volume": 2160293.4,
        "trend": 1594.369108,
        "fair_value": 1579.840385,
        "relative_strength": -2.749275,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 41.452362,
        "energy": 26.288047,
        "activity_lines": [
          1691.140007,
          1700.691246,
          1669.342275,
          1632.014752
        ]
      },
      {
        "date": "2025-08-15",
        "close": 1694.900024,
        "volume": 958447,
        "typical_volume": 2109080.35,
        "trend": 1595.093347,
        "fair_value": 1583.758385,
        "relative_strength": -1.294088,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.589274,
        "energy": 19.193934,
        "activity_lines": [
          1687.700008,
          1699.934697,
          1675.108501,
          1638.500617
        ]
      },
      {
        "date": "2025-08-22",
        "close": 1604.5,
        "volume": 4672508,
        "typical_volume": 2295971.0,
        "trend": 1595.060571,
        "fair_value": 1586.83107,
        "relative_strength": -7.169775,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 17.350441,
        "energy": 17.358712,
        "activity_lines": [
          1655.253336,
          1682.61456,
          1671.598949,
          1639.107498
        ]
      },
      {
        "date": "2025-08-29",
        "close": 1548.599976,
        "volume": 3481830,
        "typical_volume": 2421892.7,
        "trend": 1593.047868,
        "fair_value": 1589.067176,
        "relative_strength": -8.443721,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -7.68133,
        "energy": 18.067326,
        "activity_lines": [
          1614.793327,
          1656.520006,
          1662.622943,
          1636.11004
        ]
      },
      {
        "date": "2025-09-05",
        "close": 1549.599976,
        "volume": 1873539,
        "typical_volume": 2455036.5,
        "trend": 1591.961829,
        "fair_value": 1591.284376,
        "relative_strength": -9.186369,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -25.954997,
        "energy": 28.971717,
        "activity_lines": [
          1586.679989,
          1632.532726,
          1653.707138,
          1633.30695
        ]
      },
      {
        "date": "2025-09-12",
        "close": 1614.0,
        "volume": 1569243,
        "typical_volume": 2275535.55,
        "trend": 1596.392155,
        "fair_value": 1594.199059,
        "relative_strength": -6.405067,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -17.868159,
        "energy": 27.056261,
        "activity_lines": [
          1587.873324,
          1622.603633,
          1650.888389,
          1634.728768
        ]
      },
      {
        "date": "2025-09-19",
        "close": 1684.400024,
        "volume": 2051579,
        "typical_volume": 2320756.15,
        "trend": 1604.911471,
        "fair_value": 1597.778984,
        "relative_strength": -2.90831,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 14.069014,
        "energy": 16.742802,
        "activity_lines": [
          1615.233333,
          1628.172727,
          1654.453041,
          1640.406695
        ]
      },
      {
        "date": "2025-09-26",
        "close": 1613.699951,
        "volume": 689212,
        "typical_volume": 2283231.5,
        "trend": 1614.281242,
        "fair_value": 1601.01716,
        "relative_strength": -4.054201,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 6.736099,
        "energy": 7.929929,
        "activity_lines": [
          1619.726652,
          1621.385445,
          1650.567694,
          1640.973694
        ]
      },
      {
        "date": "2025-10-03",
        "close": 1613.800049,
        "volume": 994618,
        "typical_volume": 2234053.2,
        "trend": 1622.624719,
        "fair_value": 1603.841642,
        "relative_strength": -4.509017,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 0.560512,
        "energy": 4.731544,
        "activity_lines": [
          1623.640006,
          1617.345455,
          1646.119524,
          1640.942649
        ]
      },
      {
        "date": "2025-10-10",
        "close": 1870.199951,
        "volume": 15478224,
        "typical_volume": 2876578.95,
        "trend": 1635.57041,
        "fair_value": 1608.644393,
        "relative_strength": 9.060303,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 59.822758,
        "energy": 37.122035,
        "activity_lines": [
          1708.673323,
          1662.014537,
          1666.064161,
          1656.915245
        ]
      },
      {
        "date": "2025-10-17",
        "close": 1926.900024,
        "volume": 15071584,
        "typical_volume": 3493911.95,
        "trend": 1646.9231,
        "fair_value": 1613.515446,
        "relative_strength": 10.489629,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.955461,
        "energy": 68.724595,
        "activity_lines": [
          1791.233333,
          1713.301815,
          1690.360086,
          1675.710704
        ]
      },
      {
        "date": "2025-10-24",
        "close": 1896.0,
        "volume": 1482838,
        "typical_volume": 3509196.1,
        "trend": 1658.290198,
        "fair_value": 1618.019229,
        "relative_strength": 8.32541,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.802179,
        "energy": 75.444832,
        "activity_lines": [
          1842.633333,
          1754.01818,
          1710.401941,
          1691.780181
        ]
      },
      {
        "date": "2025-10-31",
        "close": 1875.400024,
        "volume": 1766462,
        "typical_volume": 3517005.85,
        "trend": 1668.318693,
        "fair_value": 1622.050417,
        "relative_strength": 7.443273,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.777017,
        "energy": 76.239647,
        "activity_lines": [
          1873.06001,
          1787.33273,
          1727.490956,
          1705.787267
        ]
      },
      {
        "date": "2025-11-07",
        "close": 1849.400024,
        "volume": 918426,
        "typical_volume": 3504557.4,
        "trend": 1678.590617,
        "fair_value": 1625.792675,
        "relative_strength": 6.904633,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.608552,
        "energy": 72.777699,
        "activity_lines": [
          1877.373348,
          1810.994553,
          1741.177624,
          1717.469933
        ]
      },
      {
        "date": "2025-11-14",
        "close": 1874.0,
        "volume": 1145587,
        "typical_volume": 3473146.55,
        "trend": 1689.65791,
        "fair_value": 1629.824151,
        "relative_strength": 6.608458,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.905985,
        "energy": 57.492117,
        "activity_lines": [
          1874.180013,
          1833.660007,
          1756.279051,
          1730.07699
        ]
      },
      {
        "date": "2025-11-21",
        "close": 1920.900024,
        "volume": 1317369,
        "typical_volume": 3245320.45,
        "trend": 1702.137459,
        "fair_value": 1634.134038,
        "relative_strength": 8.550596,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.215305,
        "energy": 48.904017,
        "activity_lines": [
          1886.366683,
          1858.954556,
          1774.917624,
          1744.995836
        ]
      },
      {
        "date": "2025-11-28",
        "close": 1815.199951,
        "volume": 1416158,
        "typical_volume": 3220812.75,
        "trend": 1711.514058,
        "fair_value": 1637.609519,
        "relative_strength": 2.118822,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.464541,
        "energy": 37.436077,
        "activity_lines": [
          1863.719995,
          1859.45091,
          1782.734762,
          1752.29019
        ]
      },
      {
        "date": "2025-12-05",
        "close": 1837.900024,
        "volume": 1308865,
        "typical_volume": 3060608.45,
        "trend": 1722.993892,
        "fair_value": 1641.557165,
        "relative_strength": 3.496435,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 42.884325,
        "energy": 29.536717,
        "activity_lines": [
          1854.026668,
          1861.696369,
          1792.221431,
          1760.444124
        ]
      },
      {
        "date": "2025-12-12",
        "close": 1799.099976,
        "volume": 1394498,
        "typical_volume": 3033847.45,
        "trend": 1729.354179,
        "fair_value": 1645.043985,
        "relative_strength": 1.974471,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.972065,
        "energy": 22.960518,
        "activity_lines": [
          1833.899992,
          1852.810908,
          1797.66,
          1765.354194
        ]
      },
      {
        "date": "2025-12-19",
        "close": 1824.699951,
        "volume": 864424,
        "typical_volume": 2968994.15,
        "trend": 1735.178536,
        "fair_value": 1649.270098,
        "relative_strength": 3.781008,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.471409,
        "energy": 18.754982,
        "activity_lines": [
          1825.659977,
          1845.2109,
          1805.2019,
          1771.505534
        ]
      },
      {
        "date": "2025-12-26",
        "close": 1777.599976,
        "volume": 476472,
        "typical_volume": 2946594.15,
        "trend": 1739.380347,
        "fair_value": 1652.795391,
        "relative_strength": 0.883227,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.075017,
        "energy": 17.8388,
        "activity_lines": [
          1805.006641,
          1829.874532,
          1807.508089,
          1774.242401
        ]
      },
      {
        "date": "2026-01-02",
        "close": 1790.099976,
        "volume": 1363440,
        "typical_volume": 2966843.8,
        "trend": 1742.786914,
        "fair_value": 1656.078791,
        "relative_strength": 0.582065,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 27.338507,
        "energy": 16.780632,
        "activity_lines": [
          1798.073308,
          1819.525437,
          1810.418563,
          1777.514635
        ]
      },
      {
        "date": "2026-01-09",
        "close": 1741.699951,
        "volume": 819104,
        "typical_volume": 2774173.6,
        "trend": 1744.813334,
        "fair_value": 1658.742574,
        "relative_strength": 0.448796,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 4.451816,
        "energy": 10.894288,
        "activity_lines": [
          1776.679964,
          1802.301793,
          1808.266178,
          1777.444508
        ]
      },
      {
        "date": "2026-01-16",
        "close": 1754.599976,
        "volume": 501518,
        "typical_volume": 2625158.0,
        "trend": 1748.15,
        "fair_value": 1661.678618,
        "relative_strength": 1.25951,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 5.0292,
        "energy": 14.668262,
        "activity_lines": [
          1765.999968,
          1789.854519,
          1806.689033,
          1778.075905
        ]
      },
      {
        "date": "2026-01-23",
        "close": 1560.199951,
        "volume": 4010037,
        "typical_volume": 2731982.9,
        "trend": 1744.196663,
        "fair_value": 1663.927951,
        "relative_strength": -7.447408,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -44.064039,
        "energy": 53.7789,
        "activity_lines": [
          1693.486629,
          1743.785423,
          1785.616649,
          1765.950095
        ]
      },
      {
        "date": "2026-01-30",
        "close": 1570.5,
        "volume": 1483539,
        "typical_volume": 2727697.7,
        "trend": 1737.799996,
        "fair_value": 1666.421765,
        "relative_strength": -7.66784,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -41.964491,
        "energy": 64.448247,
        "activity_lines": [
          1642.039974,
          1705.294518,
          1765.474745,
          1754.743859
        ]
      },
      {
        "date": "2026-02-06",
        "close": 1552.699951,
        "volume": 1208558,
        "typical_volume": 2685546.65,
        "trend": 1732.496659,
        "fair_value": 1668.760104,
        "relative_strength": -9.866206,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -40.464159,
        "energy": 68.602729,
        "activity_lines": [
          1598.466634,
          1669.93815,
          1743.844741,
          1742.80192
        ]
      },
      {
        "date": "2026-02-13",
        "close": 1656.900024,
        "volume": 1656374,
        "typical_volume": 2733904.75,
        "trend": 1728.933325,
        "fair_value": 1671.722861,
        "relative_strength": -2.989549,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -37.911616,
        "energy": 64.874268,
        "activity_lines": [
          1605.45332,
          1658.299978,
          1732.765697,
          1737.924718
        ]
      },
      {
        "date": "2026-02-20",
        "close": 1686.699951,
        "volume": 967826,
        "typical_volume": 2732565.15,
        "trend": 1727.529989,
        "fair_value": 1675.109435,
        "relative_strength": -1.72406,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.177059,
        "energy": 41.820709,
        "activity_lines": [
          1628.026644,
          1655.370883,
          1724.319027,
          1735.199984
        ]
      },
      {
        "date": "2026-02-27",
        "close": 1597.5,
        "volume": 1906033,
        "typical_volume": 2053955.6,
        "trend": 1725.206657,
        "fair_value": 1677.949839,
        "relative_strength": -5.556977,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -37.75316,
        "energy": 33.86305,
        "activity_lines": [
          1625.393319,
          1638.267252,
          1707.02998,
          1726.810953
        ]
      },
      {
        "date": "2026-03-06",
        "close": 1456.699951,
        "volume": 1062609,
        "typical_volume": 1353506.85,
        "trend": 1718.613322,
        "fair_value": 1679.866068,
        "relative_strength": -11.293738,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -80.726021,
        "energy": 52.136433,
        "activity_lines": [
          1573.339974,
          1599.69452,
          1677.629977,
          1709.487939
        ]
      },
      {
        "date": "2026-03-13",
        "close": 1398.099976,
        "volume": 1795754,
        "typical_volume": 1369152.65,
        "trend": 1708.719987,
        "fair_value": 1681.50885,
        "relative_strength": -9.935039,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -83.58052,
        "energy": 75.137303,
        "activity_lines": [
          1509.339974,
          1556.301793,
          1644.888071,
          1688.809659
        ]
      },
      {
        "date": "2026-03-20",
        "close": 1416.800049,
        "volume": 1364475,
        "typical_volume": 1349053.3,
        "trend": 1702.463322,
        "fair_value": 1683.037785,
        "relative_strength": -8.411438,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.120034,
        "energy": 82.332062,
        "activity_lines": [
          1461.879997,
          1523.436353,
          1616.298078,
          1669.976115
        ]
      },
      {
        "date": "2026-03-27",
        "close": 1398.300049,
        "volume": 1378748,
        "typical_volume": 1372069.4,
        "trend": 1697.453324,
        "fair_value": 1684.31043,
        "relative_strength": -8.311718,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.113065,
        "energy": 84.422753,
        "activity_lines": [
          1424.260018,
          1493.114546,
          1588.129989,
          1650.352678
        ]
      },
      {
        "date": "2026-04-03",
        "close": 1387.300049,
        "volume": 839483,
        "typical_volume": 1356764.2,
        "trend": 1692.043327,
        "fair_value": 1685.423953,
        "relative_strength": -8.404446,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.692238,
        "energy": 81.637971,
        "activity_lines": [
          1402.200033,
          1467.270921,
          1561.062376,
          1630.342789
        ]
      },
      {
        "date": "2026-04-10",
        "close": 1509.0,
        "volume": 1510554,
        "typical_volume": 1366423.45,
        "trend": 1688.543327,
        "fair_value": 1687.27932,
        "relative_strength": -5.780304,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.293175,
        "energy": 52.60319,
        "activity_lines": [
          1434.720028,
          1466.698193,
          1547.902853,
          1618.533542
        ]
      },
      {
        "date": "2026-04-17",
        "close": 1507.392822,
        "volume": 1355387,
        "typical_volume": 1363384.9,
        "trend": 1682.643087,
        "fair_value": 1689.279683,
        "relative_strength": -6.977527,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.941645,
        "energy": 41.62843,
        "activity_lines": [
          1463.217627,
          1466.951434,
          1536.551694,
          1606.846413
        ]
      },
      {
        "date": "2026-04-24",
        "close": 1506.897339,
        "volume": 5222843,
        "typical_volume": 1559083.8,
        "trend": 1679.083,
        "fair_value": 1691.100267,
        "relative_strength": -5.200273,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -43.887914,
        "energy": 30.357307,
        "activity_lines": [
          1484.263875,
          1467.938352,
          1526.619095,
          1595.507977
        ]
      },
      {
        "date": "2026-05-01",
        "close": 1566.257568,
        "volume": 1948712,
        "typical_volume": 1586794.5,
        "trend": 1677.49825,
        "fair_value": 1693.533852,
        "relative_strength": -1.939068,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -35.653777,
        "energy": 23.818782,
        "activity_lines": [
          1519.090381,
          1482.445361,
          1523.916055,
          1588.228917
        ]
      },
      {
        "date": "2026-05-08",
        "close": 1577.951294,
        "volume": 1868684,
        "typical_volume": 1637007.5,
        "trend": 1667.756628,
        "fair_value": 1695.905313,
        "relative_strength": -2.023401,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -30.047523,
        "energy": 22.233118,
        "activity_lines": [
          1546.617627,
          1501.268364,
          1523.435475,
          1581.806533
        ]
      },
      {
        "date": "2026-05-15",
        "close": 1664.860962,
        "volume": 2523065,
        "typical_volume": 1739337.15,
        "trend": 1659.021993,
        "fair_value": 1698.962632,
        "relative_strength": 5.514882,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 3.492939,
        "energy": 15.857977,
        "activity_lines": [
          1590.404679,
          1536.248555,
          1532.407001,
          1581.619716
        ]
      },
      {
        "date": "2026-05-22",
        "close": 1946.301758,
        "volume": 7865659,
        "typical_volume": 2064448.1,
        "trend": 1660.698718,
        "fair_value": 1703.593738,
        "relative_strength": 22.405103,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 47.25929,
        "energy": 44.911919,
        "activity_lines": [
          1717.6146,
          1618.615055,
          1568.719264,
          1600.153894
        ]
      },
      {
        "date": "2026-05-29",
        "close": 1947.292725,
        "volume": 5680414,
        "typical_volume": 2307513.6,
        "trend": 1663.095142,
        "fair_value": 1707.633157,
        "relative_strength": 22.797115,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 45.952314,
        "energy": 68.795102,
        "activity_lines": [
          1815.894247,
          1691.194425,
          1604.382088,
          1618.64383
        ]
      },
      {
        "date": "2026-06-05",
        "close": 1954.92334,
        "volume": 951148,
        "typical_volume": 2329995.1,
        "trend": 1666.612585,
        "fair_value": 1711.089183,
        "relative_strength": 23.663005,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 50.623565,
        "energy": 77.724198,
        "activity_lines": [
          1887.357739,
          1755.515858,
          1639.792623,
          1637.471456
        ]
      },
      {
        "date": "2026-06-12",
        "close": 1948.878296,
        "volume": 281125,
        "typical_volume": 2143549.5,
        "trend": 1669.108529,
        "fair_value": 1713.526505,
        "relative_strength": 21.443106,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 44.199028,
        "energy": 78.569187,
        "activity_lines": [
          1930.895166,
          1808.617769,
          1673.673519,
          1655.682147
        ]
      },
      {
        "date": "2026-06-19",
        "close": 1988.800049,
        "volume": 1088874,
        "typical_volume": 2123816.25,
        "trend": 1671.371863,
        "fair_value": 1716.637158,
        "relative_strength": 21.33522,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 73.892154,
        "energy": 89.034181,
        "activity_lines": [
          1963.011377,
          1858.767667,
          1709.505637,
          1676.307406
        ]
      },
      {
        "date": "2026-06-26",
        "close": 1991.900024,
        "volume": 0,
        "typical_volume": 2063388.35,
        "trend": 1677.261865,
        "fair_value": 1719.424683,
        "relative_strength": 20.718521,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.186199,
        "energy": 86.831948,
        "activity_lines": [
          1974.564974,
          1900.75756,
          1743.641087,
          1696.986642
        ]
      },
      {
        "date": "2026-07-03",
        "close": 1906.699951,
        "volume": 452279,
        "typical_volume": 2003183.6,
        "trend": 1679.555196,
        "fair_value": 1721.947402,
        "relative_strength": 14.232961,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.940547,
        "energy": 68.095425,
        "activity_lines": [
          1954.678662,
          1918.447308,
          1767.570814,
          1711.7891
        ]
      },
      {
        "date": "2026-07-10",
        "close": 1856.199951,
        "volume": 1661381,
        "typical_volume": 2037861.35,
        "trend": 1681.458529,
        "fair_value": 1723.684794,
        "relative_strength": 11.233207,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.38831,
        "energy": 53.277894,
        "activity_lines": [
          1920.665202,
          1919.686099,
          1785.501494,
          1723.185535
        ]
      },
      {
        "date": "2026-07-17",
        "close": 1817.099976,
        "volume": 875610,
        "typical_volume": 1986340.2,
        "trend": 1681.205196,
        "fair_value": 1725.378408,
        "relative_strength": 8.198375,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 47.377841,
        "energy": 38.446094,
        "activity_lines": [
          1880.199976,
          1908.544125,
          1798.901225,
          1731.936596
        ]
      },
      {
        "date": "2026-07-24",
        "close": 1775.300049,
        "volume": 2784712,
        "typical_volume": 2072445.35,
        "trend": 1681.128532,
        "fair_value": 1725.668361,
        "relative_strength": 8.077327,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.690654,
        "energy": 28.356606,
        "activity_lines": [
          1834.586662,
          1885.454006,
          1807.274296,
          1738.007232
        ]
      },
      {
        "date": "2026-07-31",
        "close": 1756.400024,
        "volume": 1377119,
        "typical_volume": 2051513.6,
        "trend": 1680.0052,
        "fair_value": 1726.372625,
        "relative_strength": 4.104165,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.094338,
        "energy": 29.014537,
        "activity_lines": [
          1796.906673,
          1856.919536,
          1812.330221,
          1742.863457
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1755.199951,
        "volume": 1221368,
        "typical_volume": 2044358.25,
        "trend": 1680.4552,
        "fair_value": 1727.106438,
        "relative_strength": 3.139999,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 24.991753,
        "energy": 26.521951,
        "activity_lines": [
          1774.52666,
          1831.619629,
          1815.565662,
          1747.714732
        ]
      }
    ],
    "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."
    }
  }
}