{
  "ticker": {
    "uuid": "2a277b13-3518-4066-b0f9-d3afd629e378",
    "symbol": "6857",
    "name": "Acer Medical Inc.",
    "exchange": "TWO",
    "country": "TW",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-14",
    "benchmark": "^TWII",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -62.897,
    "architecture_energy": 55.904,
    "architecture_maturity": 72.456,
    "architecture_confidence": 96,
    "architecture_tenure": "Extended",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 12.42,
        "rotation_up": 18.82,
        "upward_expansion": 10.21,
        "deceleration": 43.24,
        "rotation_down": 62.09,
        "downward_expansion": 85.87
      },
      "activity_lines": [
        92.166667,
        92.772727,
        94.152857,
        95.400645
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Stable",
      "price_acceptance": -0.833333
    },
    "latest_close": 92.0,
    "trend_reference": 97.426667,
    "distance_from_trend": -0.0557,
    "trend_direction": "Weakening",
    "fair_value": 141.540385,
    "distance_from_fair_value": -0.350009,
    "fair_value_direction": "Weakening",
    "relative_strength": -39.045087,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.093596,
    "excess_performance": -0.534968,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.0557,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.058012,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.350009,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.023807,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.390451,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.038003,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.093596,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.129241,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 3120,
      "relative_activity": 0.455504,
      "balance": 0.129241,
      "dry_up": 0.717018,
      "accumulation_observations": 0,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.030184,
      "annualized_volatility": 0.111552,
      "from_high_reference": -0.419558,
      "from_low_reference": 0.022222
    },
    "levels": {
      "trend_reference": 97.426667,
      "fair_value_reference": 141.540385,
      "structural_low": 90.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 24,
        "median_return": -0.010417,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.045473,
        "regime_survival": 0.875,
        "best_return": 0.355469,
        "worst_return": -0.126316,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.066091,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.137884,
        "regime_survival": 0.75,
        "best_return": -0.004367,
        "worst_return": -0.133803,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.129608,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.287319,
        "regime_survival": 0.75,
        "best_return": -0.063241,
        "worst_return": -0.171171,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.241811,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.736721,
        "regime_survival": 1.0,
        "best_return": -0.241107,
        "worst_return": -0.242515,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-10-20",
        "end": "2023-12-01",
        "tenure": "Developing",
        "return": 0.222857,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-08",
        "end": "2024-01-12",
        "tenure": "Developing",
        "return": -0.035533,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-01-19",
        "end": "2024-04-19",
        "tenure": "Established",
        "return": -0.119171,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-04-26",
        "end": "2024-05-03",
        "tenure": "New",
        "return": -0.005848,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-05-10",
        "end": "2024-07-05",
        "tenure": "Developing",
        "return": 0.137725,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-07-12",
        "end": "2024-08-09",
        "tenure": "Developing",
        "return": -0.11236,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-16",
        "end": "2025-02-21",
        "tenure": "Extended",
        "return": -0.216561,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-02-28",
        "end": "2025-04-04",
        "tenure": "Developing",
        "return": -0.111765,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-11",
        "end": "2025-04-25",
        "tenure": "New",
        "return": -0.086466,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-02",
        "end": "2025-09-26",
        "tenure": "Established",
        "return": 0.07113,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-03",
        "end": "2025-10-17",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-10-24",
        "end": "2025-10-31",
        "tenure": "New",
        "return": -0.040161,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-11-07",
        "end": "2025-12-12",
        "tenure": "Developing",
        "return": -0.063291,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-19",
        "end": "2026-08-14",
        "tenure": "Extended",
        "return": -0.171171,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-11",
        "close": 177.0,
        "volume": 65384,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-08-18",
        "close": 181.0,
        "volume": 80137,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-08-25",
        "close": 170.5,
        "volume": 214639,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-01",
        "close": 193.0,
        "volume": 111226,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-08",
        "close": 186.5,
        "volume": 47480,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-15",
        "close": 190.0,
        "volume": 51610,
        "typical_volume": 102256.45,
        "trend": 119.566667,
        "fair_value": 94.711314,
        "relative_strength": 75.587389,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 48.38317,
        "energy": 36.145592,
        "activity_lines": [
          186.466667,
          187.392727,
          158.233333,
          139.65871
        ]
      },
      {
        "date": "2023-09-22",
        "close": 189.0,
        "volume": 41122,
        "typical_volume": 103989.1,
        "trend": 123.3,
        "fair_value": 95.875372,
        "relative_strength": 77.38828,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 48.409556,
        "energy": 36.205461,
        "activity_lines": [
          188.066667,
          188.309091,
          163.520476,
          144.138279
        ]
      },
      {
        "date": "2023-09-29",
        "close": 188.0,
        "volume": 3050,
        "typical_volume": 103407.55,
        "trend": 126.316667,
        "fair_value": 96.998843,
        "relative_strength": 73.176847,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.14057,
        "energy": 35.757729,
        "activity_lines": [
          188.8,
          187.2,
          168.231428,
          148.312473
        ]
      },
      {
        "date": "2023-10-06",
        "close": 178.0,
        "volume": 36732,
        "typical_volume": 103631.7,
        "trend": 129.05,
        "fair_value": 97.974761,
        "relative_strength": 60.07653,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 43.407133,
        "energy": 27.791611,
        "activity_lines": [
          185.033333,
          185.272727,
          171.494762,
          151.646882
        ]
      },
      {
        "date": "2023-10-13",
        "close": 171.0,
        "volume": 3242,
        "typical_volume": 102760.2,
        "trend": 131.316667,
        "fair_value": 98.844109,
        "relative_strength": 49.518926,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 38.777572,
        "energy": 22.041384,
        "activity_lines": [
          179.933333,
          182.436364,
          173.63619,
          154.353333
        ]
      },
      {
        "date": "2023-10-20",
        "close": 175.0,
        "volume": 14006,
        "typical_volume": 102862.95,
        "trend": 133.75,
        "fair_value": 99.74006,
        "relative_strength": 54.214436,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.303053,
        "energy": 21.618347,
        "activity_lines": [
          177.2,
          181.090909,
          175.737143,
          157.171613
        ]
      },
      {
        "date": "2023-10-27",
        "close": 156.0,
        "volume": 12739,
        "typical_volume": 101205.45,
        "trend": 135.973333,
        "fair_value": 100.394246,
        "relative_strength": 38.748086,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.644705,
        "energy": 18.390869,
        "activity_lines": [
          169.133333,
          176.327273,
          175.585714,
          158.607097
        ]
      },
      {
        "date": "2023-11-03",
        "close": 153.0,
        "volume": 3907,
        "typical_volume": 99794.3,
        "trend": 138.206667,
        "fair_value": 100.99891,
        "relative_strength": 31.696614,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 5.135363,
        "energy": 14.479502,
        "activity_lines": [
          162.266667,
          171.472727,
          174.806667,
          159.705591
        ]
      },
      {
        "date": "2023-11-10",
        "close": 195.5,
        "volume": 158324,
        "typical_volume": 107500.15,
        "trend": 141.723333,
        "fair_value": 102.072786,
        "relative_strength": 63.760117,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.499126,
        "energy": 17.467012,
        "activity_lines": [
          171.9,
          174.663636,
          177.737143,
          163.401935
        ]
      },
      {
        "date": "2023-11-17",
        "close": 179.0,
        "volume": 108387,
        "typical_volume": 112304.75,
        "trend": 144.706667,
        "fair_value": 102.937136,
        "relative_strength": 43.351385,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 29.659568,
        "energy": 15.535542,
        "activity_lines": [
          174.866667,
          174.809091,
          178.550952,
          165.806882
        ]
      },
      {
        "date": "2023-11-24",
        "close": 180.5,
        "volume": 52181,
        "typical_volume": 114285.4,
        "trend": 147.823333,
        "fair_value": 103.798946,
        "relative_strength": 41.860489,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.468389,
        "energy": 23.387816,
        "activity_lines": [
          177.8,
          175.363636,
          179.055238,
          168.116129
        ]
      },
      {
        "date": "2023-12-01",
        "close": 214.0,
        "volume": 135204,
        "typical_volume": 119618.25,
        "trend": 152.023333,
        "fair_value": 105.009947,
        "relative_strength": 63.596445,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 62.856142,
        "energy": 52.485378,
        "activity_lines": [
          191.533333,
          182.181818,
          182.271429,
          172.385591
        ]
      },
      {
        "date": "2023-12-08",
        "close": 197.0,
        "volume": 153088,
        "typical_volume": 90089.6,
        "trend": 155.79,
        "fair_value": 106.009838,
        "relative_strength": 48.581649,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.191348,
        "energy": 49.261013,
        "activity_lines": [
          195.733333,
          185.454545,
          183.266667,
          175.287312
        ]
      },
      {
        "date": "2023-12-15",
        "close": 202.0,
        "volume": 66013,
        "typical_volume": 75777.9,
        "trend": 159.776667,
        "fair_value": 107.041991,
        "relative_strength": 47.450295,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.066559,
        "energy": 55.151781,
        "activity_lines": [
          198.666667,
          189.472727,
          184.957143,
          178.268602
        ]
      },
      {
        "date": "2023-12-22",
        "close": 200.0,
        "volume": 24756,
        "typical_volume": 69161.35,
        "trend": 163.693333,
        "fair_value": 108.030906,
        "relative_strength": 44.360065,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.972698,
        "energy": 53.031251,
        "activity_lines": [
          200.5,
          192.690909,
          186.438095,
          180.863656
        ]
      },
      {
        "date": "2023-12-29",
        "close": 185.0,
        "volume": 36926,
        "typical_volume": 67738.45,
        "trend": 167.126666,
        "fair_value": 108.841107,
        "relative_strength": 29.327955,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 51.323644,
        "energy": 30.345637,
        "activity_lines": [
          195.933333,
          192.654545,
          186.552381,
          182.23828
        ]
      },
      {
        "date": "2024-01-05",
        "close": 188.0,
        "volume": 1842,
        "typical_volume": 63823.7,
        "trend": 170.586667,
        "fair_value": 109.665678,
        "relative_strength": 32.732029,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 38.032273,
        "energy": 21.041813,
        "activity_lines": [
          192.066667,
          192.981818,
          186.914286,
          183.584946
        ]
      },
      {
        "date": "2024-01-12",
        "close": 190.0,
        "volume": 41177,
        "typical_volume": 55150.6,
        "trend": 174.186667,
        "fair_value": 110.493867,
        "relative_strength": 32.375486,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 34.138594,
        "energy": 16.044557,
        "activity_lines": [
          190.6,
          193.090909,
          187.433333,
          184.837419
        ]
      },
      {
        "date": "2024-01-19",
        "close": 193.0,
        "volume": 6603,
        "typical_volume": 49919.45,
        "trend": 177.92,
        "fair_value": 111.335767,
        "relative_strength": 31.279149,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 31.202018,
        "energy": 14.061642,
        "activity_lines": [
          190.6,
          193.072727,
          188.145238,
          186.051183
        ]
      },
      {
        "date": "2024-01-26",
        "close": 193.0,
        "volume": 9796,
        "typical_volume": 48035.25,
        "trend": 181.553333,
        "fair_value": 112.160658,
        "relative_strength": 27.219425,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 30.409567,
        "energy": 13.636188,
        "activity_lines": [
          191.2,
          193.1,
          188.857143,
          187.024086
        ]
      },
      {
        "date": "2024-02-02",
        "close": 188.0,
        "volume": 7793,
        "typical_volume": 45844.4,
        "trend": 185.153333,
        "fair_value": 112.919051,
        "relative_strength": 21.832077,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 29.665727,
        "energy": 13.021105,
        "activity_lines": [
          190.6,
          191.963636,
          189.061905,
          187.44
        ]
      },
      {
        "date": "2024-02-09",
        "close": 186.0,
        "volume": 2123,
        "typical_volume": 43894.45,
        "trend": 188.433333,
        "fair_value": 113.642625,
        "relative_strength": 18.816215,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -1.797605,
        "energy": 1.827832,
        "activity_lines": [
          189.133333,
          190.327273,
          189.085714,
          187.494624
        ]
      },
      {
        "date": "2024-02-16",
        "close": 189.0,
        "volume": 3423,
        "typical_volume": 43913.1,
        "trend": 186.633333,
        "fair_value": 114.381423,
        "relative_strength": 16.015776,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 25.984688,
        "energy": 11.137579,
        "activity_lines": [
          188.8,
          189.745455,
          189.409524,
          187.531183
        ]
      },
      {
        "date": "2024-02-23",
        "close": 186.0,
        "volume": 76276,
        "typical_volume": 45890.3,
        "trend": 186.233333,
        "fair_value": 115.076749,
        "relative_strength": 11.277223,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 11.711315,
        "energy": 7.86383,
        "activity_lines": [
          187.533333,
          188.763636,
          189.442857,
          187.490323
        ]
      },
      {
        "date": "2024-03-01",
        "close": 190.0,
        "volume": 15352,
        "typical_volume": 46495.8,
        "trend": 185.466667,
        "fair_value": 115.797165,
        "relative_strength": 12.464078,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 15.433984,
        "energy": 8.934149,
        "activity_lines": [
          188.066667,
          188.8,
          189.819048,
          187.733333
        ]
      },
      {
        "date": "2024-03-08",
        "close": 187.0,
        "volume": 91501,
        "typical_volume": 50370.55,
        "trend": 185.8,
        "fair_value": 116.475287,
        "relative_strength": 5.195354,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 12.642831,
        "energy": 6.926003,
        "activity_lines": [
          187.8,
          188.472727,
          189.819048,
          187.832258
        ]
      },
      {
        "date": "2024-03-15",
        "close": 190.0,
        "volume": 17035,
        "typical_volume": 50585.35,
        "trend": 186.1,
        "fair_value": 117.168916,
        "relative_strength": 6.758588,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 14.738992,
        "energy": 7.15251,
        "activity_lines": [
          188.6,
          188.654545,
          190.047619,
          188.103226
        ]
      },
      {
        "date": "2024-03-22",
        "close": 189.0,
        "volume": 6662,
        "typical_volume": 50723.1,
        "trend": 186.716667,
        "fair_value": 117.840235,
        "relative_strength": 2.689826,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 25.743668,
        "energy": 12.73566,
        "activity_lines": [
          188.8,
          188.618182,
          190.019048,
          188.290323
        ]
      },
      {
        "date": "2024-03-29",
        "close": 182.0,
        "volume": 18333,
        "typical_volume": 43723.55,
        "trend": 186.35,
        "fair_value": 118.434307,
        "relative_strength": -2.126187,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 3.016052,
        "energy": 7.756186,
        "activity_lines": [
          186.666667,
          187.327273,
          189.152381,
          187.986022
        ]
      },
      {
        "date": "2024-04-05",
        "close": 182.0,
        "volume": 30724,
        "typical_volume": 39840.4,
        "trend": 186.2,
        "fair_value": 119.017478,
        "relative_strength": -3.049774,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -13.599177,
        "energy": 17.543613,
        "activity_lines": [
          184.8,
          186.236364,
          188.35,
          187.705376
        ]
      },
      {
        "date": "2024-04-12",
        "close": 178.0,
        "volume": 15060,
        "typical_volume": 37984.35,
        "trend": 185.8,
        "fair_value": 119.553683,
        "relative_strength": -7.569859,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -31.838274,
        "energy": 34.068134,
        "activity_lines": [
          182.133333,
          184.618182,
          187.152381,
          187.176344
        ]
      },
      {
        "date": "2024-04-19",
        "close": 170.0,
        "volume": 21065,
        "typical_volume": 32277.4,
        "trend": 185.166667,
        "fair_value": 120.008154,
        "relative_strength": -6.829438,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -41.807142,
        "energy": 50.977567,
        "activity_lines": [
          177.4,
          181.727273,
          185.204762,
          186.156989
        ]
      },
      {
        "date": "2024-04-26",
        "close": 171.0,
        "volume": 2583,
        "typical_volume": 24752.15,
        "trend": 184.6,
        "fair_value": 120.463439,
        "relative_strength": -9.587614,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -38.536352,
        "energy": 54.262126,
        "activity_lines": [
          174.333333,
          179.309091,
          183.561905,
          185.243011
        ]
      },
      {
        "date": "2024-05-03",
        "close": 170.0,
        "volume": 4534,
        "typical_volume": 21678.2,
        "trend": 184.333333,
        "fair_value": 120.901815,
        "relative_strength": -11.538067,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -66.061778,
        "energy": 66.396096,
        "activity_lines": [
          172.133333,
          177.036364,
          181.947619,
          184.301075
        ]
      },
      {
        "date": "2024-05-10",
        "close": 167.0,
        "volume": 9462,
        "typical_volume": 20913.5,
        "trend": 184.2,
        "fair_value": 121.306185,
        "relative_strength": -15.144282,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.245303,
        "energy": 68.584504,
        "activity_lines": [
          169.733333,
          174.509091,
          180.2,
          183.182796
        ]
      },
      {
        "date": "2024-05-17",
        "close": 169.0,
        "volume": 7092,
        "typical_volume": 19421.8,
        "trend": 184.0,
        "fair_value": 121.720914,
        "relative_strength": -16.828818,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.712906,
        "energy": 59.85739,
        "activity_lines": [
          169.0,
          172.763636,
          178.8,
          182.202151
        ]
      },
      {
        "date": "2024-05-24",
        "close": 165.0,
        "volume": 5717,
        "typical_volume": 19615.55,
        "trend": 184.3,
        "fair_value": 122.09401,
        "relative_strength": -20.377808,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.530989,
        "energy": 63.720034,
        "activity_lines": [
          167.533333,
          170.618182,
          177.095238,
          180.976344
        ]
      },
      {
        "date": "2024-05-31",
        "close": 166.5,
        "volume": 14623,
        "typical_volume": 18287.85,
        "trend": 184.75,
        "fair_value": 122.473548,
        "relative_strength": -18.650965,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.37262,
        "energy": 56.997566,
        "activity_lines": [
          166.9,
          169.2,
          175.642857,
          179.827957
        ]
      },
      {
        "date": "2024-06-07",
        "close": 168.0,
        "volume": 90312,
        "typical_volume": 22473.3,
        "trend": 183.833333,
        "fair_value": 122.859366,
        "relative_strength": -20.911993,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.764754,
        "energy": 45.479541,
        "activity_lines": [
          167.066667,
          168.463636,
          174.445238,
          178.747312
        ]
      },
      {
        "date": "2024-06-14",
        "close": 165.0,
        "volume": 28174,
        "typical_volume": 23392.2,
        "trend": 183.366667,
        "fair_value": 123.213489,
        "relative_strength": -24.939676,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.483421,
        "energy": 43.481331,
        "activity_lines": [
          166.366667,
          167.436364,
          173.080952,
          177.532258
        ]
      },
      {
        "date": "2024-06-21",
        "close": 174.5,
        "volume": 17120,
        "typical_volume": 23858.55,
        "trend": 183.166667,
        "fair_value": 123.640876,
        "relative_strength": -23.594352,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -42.889147,
        "energy": 28.368366,
        "activity_lines": [
          168.966667,
          168.445455,
          172.754762,
          176.960215
        ]
      },
      {
        "date": "2024-06-28",
        "close": 174.5,
        "volume": 9480,
        "typical_volume": 24226.4,
        "trend": 181.85,
        "fair_value": 124.061199,
        "relative_strength": -23.253034,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -38.262809,
        "energy": 20.673611,
        "activity_lines": [
          171.2,
          169.518182,
          172.492857,
          176.401075
        ]
      },
      {
        "date": "2024-07-05",
        "close": 190.0,
        "volume": 39145,
        "typical_volume": 26012.5,
        "trend": 181.616667,
        "fair_value": 124.601681,
        "relative_strength": -18.812377,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -3.371414,
        "energy": 12.999911,
        "activity_lines": [
          177.966667,
          173.327273,
          173.761905,
          176.926882
        ]
      },
      {
        "date": "2024-07-12",
        "close": 178.0,
        "volume": 28437,
        "typical_volume": 23620.55,
        "trend": 180.816667,
        "fair_value": 125.035814,
        "relative_strength": -25.428657,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -10.456331,
        "energy": 18.339437,
        "activity_lines": [
          179.166667,
          174.609091,
          173.883333,
          176.693548
        ]
      },
      {
        "date": "2024-07-19",
        "close": 176.0,
        "volume": 24128,
        "typical_volume": 24059.35,
        "trend": 180.016667,
        "fair_value": 125.446816,
        "relative_strength": -21.899629,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -10.204813,
        "energy": 17.255608,
        "activity_lines": [
          179.033333,
          175.381818,
          173.852381,
          176.382796
        ]
      },
      {
        "date": "2024-07-26",
        "close": 167.0,
        "volume": 22911,
        "typical_volume": 20629.85,
        "trend": 179.416667,
        "fair_value": 125.779241,
        "relative_strength": -22.792884,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -25.679151,
        "energy": 15.508133,
        "activity_lines": [
          175.166667,
          174.354545,
          173.030952,
          175.543011
        ]
      },
      {
        "date": "2024-08-02",
        "close": 166.0,
        "volume": 1909,
        "typical_volume": 19873.55,
        "trend": 178.683333,
        "fair_value": 126.098453,
        "relative_strength": -20.773819,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -42.515361,
        "energy": 22.995696,
        "activity_lines": [
          171.466667,
          173.181818,
          172.209524,
          174.677419
        ]
      },
      {
        "date": "2024-08-09",
        "close": 158.0,
        "volume": 14945,
        "typical_volume": 20287.7,
        "trend": 177.616667,
        "fair_value": 126.349647,
        "relative_strength": -23.496283,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -62.165165,
        "energy": 44.905557,
        "activity_lines": [
          165.666667,
          170.536364,
          170.740476,
          173.343011
        ]
      },
      {
        "date": "2024-08-16",
        "close": 157.0,
        "volume": 2687,
        "typical_volume": 19505.4,
        "trend": 176.416667,
        "fair_value": 126.589103,
        "relative_strength": -26.3826,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.192496,
        "energy": 57.709679,
        "activity_lines": [
          161.666667,
          167.863636,
          169.32381,
          172.012903
        ]
      },
      {
        "date": "2024-08-23",
        "close": 160.0,
        "volume": 4021,
        "typical_volume": 18170.25,
        "trend": 175.316667,
        "fair_value": 126.848102,
        "relative_strength": -23.848813,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.33509,
        "energy": 60.940324,
        "activity_lines": [
          160.066667,
          165.936364,
          168.311905,
          170.953763
        ]
      },
      {
        "date": "2024-08-30",
        "close": 157.0,
        "volume": 2472,
        "typical_volume": 17540.85,
        "trend": 174.283333,
        "fair_value": 127.080039,
        "relative_strength": -24.954205,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.966186,
        "energy": 62.398798,
        "activity_lines": [
          158.533333,
          163.554545,
          167.119048,
          169.772043
        ]
      },
      {
        "date": "2024-09-06",
        "close": 155.0,
        "volume": 1059,
        "typical_volume": 16540.55,
        "trend": 173.25,
        "fair_value": 127.293169,
        "relative_strength": -22.392695,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.018804,
        "energy": 62.952927,
        "activity_lines": [
          157.0,
          161.127273,
          165.835714,
          168.527957
        ]
      },
      {
        "date": "2024-09-13",
        "close": 156.0,
        "volume": 2044,
        "typical_volume": 16513.6,
        "trend": 172.15,
        "fair_value": 127.510645,
        "relative_strength": -22.406567,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.834688,
        "energy": 56.037189,
        "activity_lines": [
          156.533333,
          159.236364,
          164.719048,
          167.415054
        ]
      },
      {
        "date": "2024-09-20",
        "close": 160.0,
        "volume": 1169,
        "typical_volume": 16345.35,
        "trend": 171.283333,
        "fair_value": 127.754926,
        "relative_strength": -21.139849,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.99487,
        "energy": 45.243885,
        "activity_lines": [
          157.533333,
          158.690909,
          164.054762,
          166.631183
        ]
      },
      {
        "date": "2024-09-27",
        "close": 159.0,
        "volume": 1143,
        "typical_volume": 15929.4,
        "trend": 170.25,
        "fair_value": 127.988098,
        "relative_strength": -23.179783,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.780464,
        "energy": 36.494019,
        "activity_lines": [
          158.0,
          158.290909,
          163.342857,
          165.83871
        ]
      },
      {
        "date": "2024-10-04",
        "close": 158.0,
        "volume": 406,
        "typical_volume": 15595.1,
        "trend": 169.283333,
        "fair_value": 128.210408,
        "relative_strength": -21.266735,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -46.750347,
        "energy": 32.642613,
        "activity_lines": [
          158.2,
          158.018182,
          162.57381,
          165.048387
        ]
      },
      {
        "date": "2024-10-11",
        "close": 157.0,
        "volume": 363,
        "typical_volume": 15327.4,
        "trend": 168.183333,
        "fair_value": 128.422097,
        "relative_strength": -23.264324,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.047554,
        "energy": 36.656205,
        "activity_lines": [
          158.0,
          157.727273,
          161.761905,
          164.255914
        ]
      },
      {
        "date": "2024-10-18",
        "close": 155.0,
        "volume": 1050,
        "typical_volume": 14648.75,
        "trend": 167.05,
        "fair_value": 128.616096,
        "relative_strength": -25.481951,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.355158,
        "energy": 56.850016,
        "activity_lines": [
          157.0,
          157.236364,
          160.797619,
          163.405376
        ]
      },
      {
        "date": "2024-10-25",
        "close": 155.0,
        "volume": 211,
        "typical_volume": 10143.7,
        "trend": 166.15,
        "fair_value": 128.807284,
        "relative_strength": -24.542398,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.183907,
        "energy": 70.645432,
        "activity_lines": [
          156.066667,
          156.8,
          159.888095,
          162.627957
        ]
      },
      {
        "date": "2024-11-01",
        "close": 153.0,
        "volume": 4011,
        "typical_volume": 8935.55,
        "trend": 165.183333,
        "fair_value": 128.981332,
        "relative_strength": -23.229389,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.667113,
        "energy": 78.539343,
        "activity_lines": [
          154.8,
          156.036364,
          158.85,
          161.77957
        ]
      },
      {
        "date": "2024-11-08",
        "close": 147.0,
        "volume": 6459,
        "typical_volume": 8402.5,
        "trend": 164.15,
        "fair_value": 129.110037,
        "relative_strength": -27.793798,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -92.935447,
        "energy": 95.15147,
        "activity_lines": [
          151.933333,
          154.309091,
          157.297619,
          160.606452
        ]
      },
      {
        "date": "2024-11-15",
        "close": 142.0,
        "volume": 4233,
        "typical_volume": 8140.15,
        "trend": 163.216667,
        "fair_value": 129.201455,
        "relative_strength": -27.087647,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -95.777343,
        "energy": 97.608153,
        "activity_lines": [
          148.133333,
          151.854545,
          155.4,
          159.177419
        ]
      },
      {
        "date": "2024-11-22",
        "close": 140.0,
        "volume": 4425,
        "typical_volume": 6404.15,
        "trend": 162.183333,
        "fair_value": 129.277501,
        "relative_strength": -27.920925,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -92.87966,
        "energy": 97.156753,
        "activity_lines": [
          144.666667,
          149.272727,
          153.466667,
          157.67957
        ]
      },
      {
        "date": "2024-11-29",
        "close": 136.0,
        "volume": 1497,
        "typical_volume": 5057.15,
        "trend": 161.05,
        "fair_value": 129.324511,
        "relative_strength": -26.940616,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -94.061025,
        "energy": 97.831054,
        "activity_lines": [
          140.866667,
          146.254545,
          151.390476,
          155.990323
        ]
      },
      {
        "date": "2024-12-06",
        "close": 140.0,
        "volume": 5224,
        "typical_volume": 4111.95,
        "trend": 160.15,
        "fair_value": 129.398647,
        "relative_strength": -26.919853,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.575114,
        "energy": 88.811409,
        "activity_lines": [
          139.666667,
          144.4,
          149.895238,
          154.632258
        ]
      },
      {
        "date": "2024-12-13",
        "close": 139.0,
        "volume": 4829,
        "typical_volume": 3207.85,
        "trend": 159.15,
        "fair_value": 129.464863,
        "relative_strength": -25.967986,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.102839,
        "energy": 85.174196,
        "activity_lines": [
          139.0,
          142.709091,
          148.47619,
          153.267742
        ]
      },
      {
        "date": "2024-12-20",
        "close": 139.0,
        "volume": 205,
        "typical_volume": 3122.65,
        "trend": 158.283333,
        "fair_value": 129.530172,
        "relative_strength": -23.351818,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.579604,
        "energy": 67.164893,
        "activity_lines": [
          138.866667,
          141.363636,
          147.190476,
          151.967742
        ]
      },
      {
        "date": "2024-12-27",
        "close": 142.0,
        "volume": 58,
        "typical_volume": 2378.3,
        "trend": 157.466667,
        "fair_value": 129.615001,
        "relative_strength": -23.50257,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.064408,
        "energy": 63.920137,
        "activity_lines": [
          139.933333,
          140.890909,
          146.319048,
          150.917204
        ]
      },
      {
        "date": "2025-01-03",
        "close": 142.0,
        "volume": 1,
        "typical_volume": 2244.0,
        "trend": 156.6,
        "fair_value": 129.698683,
        "relative_strength": -21.416923,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.397111,
        "energy": 57.195238,
        "activity_lines": [
          140.866667,
          140.654545,
          145.52381,
          149.919355
        ]
      },
      {
        "date": "2025-01-10",
        "close": 137.5,
        "volume": 2260,
        "typical_volume": 2155.95,
        "trend": 155.683333,
        "fair_value": 129.751041,
        "relative_strength": -23.33872,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.023058,
        "energy": 60.576879,
        "activity_lines": [
          139.9,
          139.836364,
          144.371429,
          148.687097
        ]
      },
      {
        "date": "2025-01-17",
        "close": 130.5,
        "volume": 5465,
        "typical_volume": 2305.6,
        "trend": 154.216667,
        "fair_value": 129.756034,
        "relative_strength": -26.715348,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -87.781196,
        "energy": 70.99335,
        "activity_lines": [
          136.766667,
          138.027273,
          142.659524,
          147.062366
        ]
      },
      {
        "date": "2025-01-24",
        "close": 125.5,
        "volume": 3036,
        "typical_volume": 2404.45,
        "trend": 152.583333,
        "fair_value": 129.727849,
        "relative_strength": -29.706341,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -91.249233,
        "energy": 75.665386,
        "activity_lines": [
          132.533333,
          135.609091,
          140.597619,
          145.209677
        ]
      },
      {
        "date": "2025-02-07",
        "close": 128.0,
        "volume": 19447,
        "typical_volume": 3274.6,
        "trend": 150.516667,
        "fair_value": 129.716481,
        "relative_strength": -27.248108,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.265617,
        "energy": 83.722989,
        "activity_lines": [
          130.033333,
          133.945455,
          138.914286,
          143.623656
        ]
      },
      {
        "date": "2025-02-14",
        "close": 124.5,
        "volume": 3264,
        "typical_volume": 3379.35,
        "trend": 148.733333,
        "fair_value": 129.682386,
        "relative_strength": -27.328059,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -82.922431,
        "energy": 93.044705,
        "activity_lines": [
          127.3,
          131.863636,
          137.030952,
          141.945161
        ]
      },
      {
        "date": "2025-02-21",
        "close": 123.0,
        "volume": 9453,
        "typical_volume": 3794.85,
        "trend": 146.966667,
        "fair_value": 129.638994,
        "relative_strength": -29.033892,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -82.208573,
        "energy": 93.087769,
        "activity_lines": [
          125.233333,
          129.718182,
          135.17381,
          140.284946
        ]
      },
      {
        "date": "2025-02-28",
        "close": 170.0,
        "volume": 92241,
        "typical_volume": 8386.6,
        "trend": 147.066667,
        "fair_value": 129.899388,
        "relative_strength": 1.625559,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "down",
        "direction": -5.360484,
        "energy": 8.898287,
        "activity_lines": [
          139.8,
          136.427273,
          137.964286,
          141.770968
        ]
      },
      {
        "date": "2025-03-07",
        "close": 173.5,
        "volume": 86011,
        "typical_volume": 12669.0,
        "trend": 147.316667,
        "fair_value": 130.178879,
        "relative_strength": 6.573136,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 41.606497,
        "energy": 42.374636,
        "activity_lines": [
          152.9,
          143.209091,
          141.030952,
          143.476344
        ]
      },
      {
        "date": "2025-03-14",
        "close": 159.0,
        "volume": 27745,
        "typical_volume": 14003.75,
        "trend": 147.35,
        "fair_value": 130.429722,
        "relative_strength": 0.96565,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 22.471127,
        "energy": 40.138147,
        "activity_lines": [
          157.966667,
          146.727273,
          142.638095,
          144.230108
        ]
      },
      {
        "date": "2025-03-21",
        "close": 154.0,
        "volume": 7667,
        "typical_volume": 14376.55,
        "trend": 147.25,
        "fair_value": 130.812066,
        "relative_strength": -2.559971,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 22.963047,
        "energy": 41.535188,
        "activity_lines": [
          159.3,
          149.027273,
          143.75,
          144.65914
        ]
      },
      {
        "date": "2025-03-28",
        "close": 150.0,
        "volume": 6623,
        "typical_volume": 14507.15,
        "trend": 146.916667,
        "fair_value": 131.222464,
        "relative_strength": -1.790698,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 21.536676,
        "energy": 47.805089,
        "activity_lines": [
          157.333333,
          150.381818,
          144.485714,
          144.836559
        ]
      },
      {
        "date": "2025-04-04",
        "close": 151.0,
        "volume": 15478,
        "typical_volume": 14958.1,
        "trend": 146.716667,
        "fair_value": 131.647912,
        "relative_strength": 0.793193,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 25.149808,
        "energy": 22.158072,
        "activity_lines": [
          153.9,
          151.690909,
          145.330952,
          145.1
        ]
      },
      {
        "date": "2025-04-11",
        "close": 133.0,
        "volume": 36585,
        "typical_volume": 16575.7,
        "trend": 145.983333,
        "fair_value": 131.938844,
        "relative_strength": -2.608532,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -11.980777,
        "energy": 10.537706,
        "activity_lines": [
          145.733333,
          149.354545,
          144.442857,
          144.215054
        ]
      },
      {
        "date": "2025-04-18",
        "close": 124.0,
        "volume": 3847,
        "typical_volume": 16546.8,
        "trend": 144.916667,
        "fair_value": 132.165911,
        "relative_strength": -8.018717,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -34.592562,
        "energy": 28.201384,
        "activity_lines": [
          137.266667,
          145.245455,
          142.740476,
          142.796774
        ]
      },
      {
        "date": "2025-04-25",
        "close": 121.5,
        "volume": 16151,
        "typical_volume": 17279.5,
        "trend": 143.633333,
        "fair_value": 132.376953,
        "relative_strength": -11.404315,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -65.190259,
        "energy": 44.766331,
        "activity_lines": [
          130.3,
          140.754545,
          140.87619,
          141.286022
        ]
      },
      {
        "date": "2025-05-02",
        "close": 119.5,
        "volume": 3278,
        "typical_volume": 17182.2,
        "trend": 142.316667,
        "fair_value": 132.575174,
        "relative_strength": -16.054434,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.181139,
        "energy": 60.019663,
        "activity_lines": [
          124.833333,
          135.954545,
          138.890476,
          139.729032
        ]
      },
      {
        "date": "2025-05-09",
        "close": 118.5,
        "volume": 11289,
        "typical_volume": 17505.2,
        "trend": 141.0,
        "fair_value": 132.790437,
        "relative_strength": -16.632762,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.364997,
        "energy": 69.017534,
        "activity_lines": [
          121.066667,
          131.036364,
          136.907143,
          138.192473
        ]
      },
      {
        "date": "2025-05-16",
        "close": 126.5,
        "volume": 21748,
        "typical_volume": 18582.35,
        "trend": 139.983333,
        "fair_value": 133.045874,
        "relative_strength": -14.236472,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.757958,
        "energy": 57.818489,
        "activity_lines": [
          122.133333,
          128.509091,
          135.783333,
          137.256989
        ]
      },
      {
        "date": "2025-05-23",
        "close": 122.0,
        "volume": 12723,
        "typical_volume": 19215.6,
        "trend": 138.883333,
        "fair_value": 133.272464,
        "relative_strength": -16.002141,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.499625,
        "energy": 46.276377,
        "activity_lines": [
          122.133333,
          126.018182,
          134.290476,
          136.096774
        ]
      },
      {
        "date": "2025-05-30",
        "close": 121.0,
        "volume": 1040,
        "typical_volume": 19267.55,
        "trend": 137.75,
        "fair_value": 133.490792,
        "relative_strength": -15.017474,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.916684,
        "energy": 48.996624,
        "activity_lines": [
          121.933333,
          124.018182,
          132.797619,
          134.943011
        ]
      },
      {
        "date": "2025-06-06",
        "close": 118.0,
        "volume": 5000,
        "typical_volume": 19404.55,
        "trend": 136.583333,
        "fair_value": 133.68989,
        "relative_strength": -17.75055,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.773104,
        "energy": 53.451113,
        "activity_lines": [
          120.766667,
          122.072727,
          131.119048,
          133.668817
        ]
      },
      {
        "date": "2025-06-13",
        "close": 120.5,
        "volume": 257,
        "typical_volume": 19144.15,
        "trend": 135.7,
        "fair_value": 133.905013,
        "relative_strength": -17.040479,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.077612,
        "energy": 62.49197,
        "activity_lines": [
          120.533333,
          121.163636,
          129.771429,
          132.631183
        ]
      },
      {
        "date": "2025-06-20",
        "close": 118.5,
        "volume": 2164,
        "typical_volume": 19100.55,
        "trend": 134.916667,
        "fair_value": 134.106699,
        "relative_strength": -17.846964,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.861971,
        "energy": 66.181553,
        "activity_lines": [
          119.5,
          120.445455,
          128.280952,
          131.521505
        ]
      },
      {
        "date": "2025-06-27",
        "close": 125.5,
        "volume": 3143,
        "typical_volume": 18285.35,
        "trend": 134.433333,
        "fair_value": 134.355725,
        "relative_strength": -14.564236,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.936422,
        "energy": 40.583618,
        "activity_lines": [
          121.333333,
          121.263636,
          127.490476,
          130.913978
        ]
      },
      {
        "date": "2025-07-04",
        "close": 119.5,
        "volume": 2250,
        "typical_volume": 18234.65,
        "trend": 133.883333,
        "fair_value": 134.584805,
        "relative_strength": -17.979325,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.393906,
        "energy": 40.228747,
        "activity_lines": [
          120.933333,
          120.963636,
          126.140476,
          129.950538
        ]
      },
      {
        "date": "2025-07-11",
        "close": 118.5,
        "volume": 7052,
        "typical_volume": 18114.6,
        "trend": 133.166667,
        "fair_value": 134.828459,
        "relative_strength": -18.702013,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.871576,
        "energy": 49.586103,
        "activity_lines": [
          120.3,
          120.518182,
          124.719048,
          128.958065
        ]
      },
      {
        "date": "2025-07-18",
        "close": 121.0,
        "volume": 3226,
        "typical_volume": 13663.85,
        "trend": 132.566667,
        "fair_value": 135.08567,
        "relative_strength": -18.677344,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.159333,
        "energy": 40.419649,
        "activity_lines": [
          120.466667,
          120.545455,
          123.557143,
          128.173118
        ]
      },
      {
        "date": "2025-07-25",
        "close": 119.0,
        "volume": 158,
        "typical_volume": 9371.2,
        "trend": 131.9,
        "fair_value": 135.323888,
        "relative_strength": -19.322737,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.335587,
        "energy": 62.372998,
        "activity_lines": [
          119.933333,
          120.163636,
          122.438095,
          127.297849
        ]
      },
      {
        "date": "2025-08-01",
        "close": 117.0,
        "volume": 2796,
        "typical_volume": 8123.75,
        "trend": 131.066667,
        "fair_value": 135.573973,
        "relative_strength": -20.294684,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.349938,
        "energy": 66.444862,
        "activity_lines": [
          118.7,
          119.554545,
          121.388095,
          126.336559
        ]
      },
      {
        "date": "2025-08-08",
        "close": 112.5,
        "volume": 9127,
        "typical_volume": 8196.75,
        "trend": 130.083333,
        "fair_value": 135.792127,
        "relative_strength": -24.540413,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -80.254083,
        "energy": 72.335678,
        "activity_lines": [
          116.533333,
          118.218182,
          120.109524,
          125.13871
        ]
      },
      {
        "date": "2025-08-15",
        "close": 110.0,
        "volume": 31,
        "typical_volume": 7867.15,
        "trend": 129.166667,
        "fair_value": 135.994254,
        "relative_strength": -26.520583,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -85.978767,
        "energy": 91.742043,
        "activity_lines": [
          114.0,
          116.581818,
          118.790476,
          123.843011
        ]
      },
      {
        "date": "2025-08-22",
        "close": 114.5,
        "volume": 15170,
        "typical_volume": 7851.75,
        "trend": 128.633333,
        "fair_value": 136.247446,
        "relative_strength": -21.136025,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.986061,
        "energy": 82.101942,
        "activity_lines": [
          113.533333,
          115.909091,
          118.090476,
          122.896774
        ]
      },
      {
        "date": "2025-08-29",
        "close": 113.0,
        "volume": 235,
        "typical_volume": 6034.25,
        "trend": 128.216667,
        "fair_value": 136.493491,
        "relative_strength": -23.05479,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.040271,
        "energy": 81.236494,
        "activity_lines": [
          113.0,
          115.072727,
          117.421429,
          121.888172
        ]
      },
      {
        "date": "2025-09-05",
        "close": 118.0,
        "volume": 5396,
        "typical_volume": 6111.7,
        "trend": 127.883333,
        "fair_value": 136.771588,
        "relative_strength": -19.940562,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.18661,
        "energy": 51.548136,
        "activity_lines": [
          114.533333,
          115.245455,
          117.32381,
          121.229032
        ]
      },
      {
        "date": "2025-09-12",
        "close": 116.0,
        "volume": 4260,
        "typical_volume": 5517.15,
        "trend": 127.6,
        "fair_value": 137.036864,
        "relative_strength": -23.672187,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.589522,
        "energy": 34.698812,
        "activity_lines": [
          115.333333,
          115.190909,
          117.064286,
          120.462366
        ]
      },
      {
        "date": "2025-09-19",
        "close": 113.5,
        "volume": 3083,
        "typical_volume": 5507.4,
        "trend": 127.283333,
        "fair_value": 137.286114,
        "relative_strength": -24.959215,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.359108,
        "energy": 34.860844,
        "activity_lines": [
          115.066667,
          114.745455,
          116.592857,
          119.552688
        ]
      },
      {
        "date": "2025-09-26",
        "close": 128.0,
        "volume": 147327,
        "typical_volume": 12309.3,
        "trend": 125.883333,
        "fair_value": 137.628314,
        "relative_strength": -14.764535,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -2.418699,
        "energy": 10.547352,
        "activity_lines": [
          119.4,
          117.027273,
          117.530952,
          119.598925
        ]
      },
      {
        "date": "2025-10-03",
        "close": 123.0,
        "volume": 21459,
        "typical_volume": 12294.85,
        "trend": 124.2,
        "fair_value": 137.938462,
        "relative_strength": -21.095155,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -4.257741,
        "energy": 13.628746,
        "activity_lines": [
          121.166667,
          118.272727,
          117.947619,
          119.412903
        ]
      },
      {
        "date": "2025-10-10",
        "close": 123.0,
        "volume": 19522,
        "typical_volume": 12634.8,
        "trend": 123.0,
        "fair_value": 138.214103,
        "relative_strength": -21.994075,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -3.541634,
        "energy": 16.088106,
        "activity_lines": [
          122.266667,
          119.445455,
          118.380952,
          119.335484
        ]
      },
      {
        "date": "2025-10-17",
        "close": 123.0,
        "volume": 5282,
        "typical_volume": 12846.9,
        "trend": 121.966667,
        "fair_value": 138.490385,
        "relative_strength": -21.380085,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 15.39083,
        "energy": 24.248835,
        "activity_lines": [
          123.033333,
          120.509091,
          118.809524,
          119.335484
        ]
      },
      {
        "date": "2025-10-24",
        "close": 124.5,
        "volume": 122,
        "typical_volume": 12603.0,
        "trend": 121.116667,
        "fair_value": 138.776282,
        "relative_strength": -20.531754,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 17.88512,
        "energy": 29.785208,
        "activity_lines": [
          123.833333,
          121.654545,
          119.371429,
          119.498925
        ]
      },
      {
        "date": "2025-10-31",
        "close": 119.5,
        "volume": 4292,
        "typical_volume": 12804.75,
        "trend": 120.066667,
        "fair_value": 139.030769,
        "relative_strength": -25.007575,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 22.491783,
        "energy": 16.619198,
        "activity_lines": [
          122.233333,
          121.627273,
          119.42619,
          119.394624
        ]
      },
      {
        "date": "2025-11-07",
        "close": 118.5,
        "volume": 13403,
        "typical_volume": 13366.7,
        "trend": 119.583333,
        "fair_value": 139.325641,
        "relative_strength": -23.435914,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 4.797444,
        "energy": 5.299724,
        "activity_lines": [
          120.866667,
          121.327273,
          119.390476,
          119.293548
        ]
      },
      {
        "date": "2025-11-14",
        "close": 118.5,
        "volume": 10282,
        "typical_volume": 13723.65,
        "trend": 119.4,
        "fair_value": 139.620513,
        "relative_strength": -22.214346,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -0.859713,
        "energy": 4.417932,
        "activity_lines": [
          119.8,
          120.927273,
          119.354762,
          119.223656
        ]
      },
      {
        "date": "2025-11-21",
        "close": 114.0,
        "volume": 1000,
        "typical_volume": 13661.15,
        "trend": 119.15,
        "fair_value": 139.883974,
        "relative_strength": -21.921917,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -17.814795,
        "energy": 17.224253,
        "activity_lines": [
          117.533333,
          119.7,
          118.92381,
          118.875269
        ]
      },
      {
        "date": "2025-11-28",
        "close": 112.5,
        "volume": 345,
        "typical_volume": 13325.8,
        "trend": 118.916667,
        "fair_value": 140.13782,
        "relative_strength": -25.745018,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -57.179464,
        "energy": 35.219284,
        "activity_lines": [
          115.366667,
          118.236364,
          118.37619,
          118.446237
        ]
      },
      {
        "date": "2025-12-05",
        "close": 115.5,
        "volume": 14175,
        "typical_volume": 13873.25,
        "trend": 118.816667,
        "fair_value": 140.410897,
        "relative_strength": -24.203928,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -50.397305,
        "energy": 36.437554,
        "activity_lines": [
          115.0,
          117.336364,
          118.142857,
          118.225806
        ]
      },
      {
        "date": "2025-12-12",
        "close": 111.0,
        "volume": 3826,
        "typical_volume": 14056.65,
        "trend": 118.3,
        "fair_value": 140.662179,
        "relative_strength": -27.177964,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -60.950558,
        "energy": 48.794642,
        "activity_lines": [
          113.4,
          115.845455,
          117.507143,
          117.721505
        ]
      },
      {
        "date": "2025-12-19",
        "close": 111.0,
        "volume": 2521,
        "typical_volume": 14042.9,
        "trend": 117.933333,
        "fair_value": 140.905769,
        "relative_strength": -25.319494,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.87639,
        "energy": 48.75256,
        "activity_lines": [
          112.3,
          114.572727,
          116.909524,
          117.250538
        ]
      },
      {
        "date": "2025-12-26",
        "close": 100.5,
        "volume": 33386,
        "typical_volume": 15255.85,
        "trend": 117.25,
        "fair_value": 141.082051,
        "relative_strength": -33.789359,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -86.404359,
        "energy": 79.373849,
        "activity_lines": [
          108.2,
          111.609091,
          115.340476,
          116.125806
        ]
      },
      {
        "date": "2026-01-02",
        "close": 99.0,
        "volume": 13388,
        "typical_volume": 15923.7,
        "trend": 116.616667,
        "fair_value": 141.269872,
        "relative_strength": -35.909095,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -86.461826,
        "energy": 89.057986,
        "activity_lines": [
          104.5,
          108.781818,
          113.685714,
          114.948387
        ]
      },
      {
        "date": "2026-01-09",
        "close": 112.0,
        "volume": 40151,
        "typical_volume": 17172.75,
        "trend": 116.333333,
        "fair_value": 141.519872,
        "relative_strength": -29.093332,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.5415,
        "energy": 68.096038,
        "activity_lines": [
          106.033333,
          108.781818,
          113.321429,
          114.650538
        ]
      },
      {
        "date": "2026-01-16",
        "close": 106.0,
        "volume": 4152,
        "typical_volume": 17368.6,
        "trend": 115.916667,
        "fair_value": 141.73141,
        "relative_strength": -34.657774,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.723766,
        "energy": 63.812828,
        "activity_lines": [
          105.8,
          107.827273,
          112.397619,
          113.983871
        ]
      },
      {
        "date": "2026-01-23",
        "close": 108.5,
        "volume": 170,
        "typical_volume": 17107.3,
        "trend": 115.35,
        "fair_value": 141.976923,
        "relative_strength": -33.719993,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.735067,
        "energy": 38.691018,
        "activity_lines": [
          106.733333,
          107.554545,
          111.745238,
          113.505376
        ]
      },
      {
        "date": "2026-01-30",
        "close": 100.0,
        "volume": 19401,
        "typical_volume": 17864.35,
        "trend": 114.7,
        "fair_value": 142.167949,
        "relative_strength": -38.596347,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.985537,
        "energy": 40.61926,
        "activity_lines": [
          105.0,
          105.918182,
          110.328571,
          112.515054
        ]
      },
      {
        "date": "2026-02-06",
        "close": 101.5,
        "volume": 6857,
        "typical_volume": 18053.05,
        "trend": 114.133333,
        "fair_value": 142.369872,
        "relative_strength": -36.582349,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.609064,
        "energy": 44.698829,
        "activity_lines": [
          103.8,
          104.809091,
          109.130952,
          111.663441
        ]
      },
      {
        "date": "2026-02-13",
        "close": 100.0,
        "volume": 1216,
        "typical_volume": 10747.5,
        "trend": 113.433333,
        "fair_value": 142.536538,
        "relative_strength": -40.361542,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.039918,
        "energy": 54.524509,
        "activity_lines": [
          101.933333,
          103.627273,
          107.847619,
          110.751613
        ]
      },
      {
        "date": "2026-02-27",
        "close": 103.5,
        "volume": 14551,
        "typical_volume": 10402.1,
        "trend": 112.916667,
        "fair_value": 142.730769,
        "relative_strength": -40.911957,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.514561,
        "energy": 55.144495,
        "activity_lines": [
          102.033333,
          103.363636,
          107.030952,
          110.110753
        ]
      },
      {
        "date": "2026-03-06",
        "close": 99.5,
        "volume": 8709,
        "typical_volume": 9861.45,
        "trend": 112.333333,
        "fair_value": 142.875,
        "relative_strength": -39.081923,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.843309,
        "energy": 53.117266,
        "activity_lines": [
          100.966667,
          102.509091,
          105.92619,
          109.245161
        ]
      },
      {
        "date": "2026-03-13",
        "close": 98.400002,
        "volume": 10266,
        "typical_volume": 10110.65,
        "trend": 111.863333,
        "fair_value": 142.880769,
        "relative_strength": -38.238172,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.561427,
        "energy": 57.640309,
        "activity_lines": [
          100.133334,
          101.663637,
          104.828572,
          108.346237
        ]
      },
      {
        "date": "2026-03-20",
        "close": 98.5,
        "volume": 4165,
        "typical_volume": 10312.8,
        "trend": 111.48,
        "fair_value": 142.896795,
        "relative_strength": -37.353646,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.415877,
        "energy": 51.006127,
        "activity_lines": [
          99.440001,
          100.874546,
          103.857619,
          107.484086
        ]
      },
      {
        "date": "2026-03-27",
        "close": 99.0,
        "volume": 4096,
        "typical_volume": 10303.0,
        "trend": 110.963333,
        "fair_value": 142.871154,
        "relative_strength": -35.166384,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.419397,
        "energy": 51.576496,
        "activity_lines": [
          99.113334,
          100.185455,
          103.058095,
          106.678925
        ]
      },
      {
        "date": "2026-04-03",
        "close": 98.0,
        "volume": 7416,
        "typical_volume": 10003.65,
        "trend": 110.463333,
        "fair_value": 142.845513,
        "relative_strength": -33.668539,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.261754,
        "energy": 59.954418,
        "activity_lines": [
          98.52,
          99.550909,
          102.260953,
          105.842581
        ]
      },
      {
        "date": "2026-04-10",
        "close": 99.5,
        "volume": 6422,
        "typical_volume": 9810.65,
        "trend": 109.846667,
        "fair_value": 142.910897,
        "relative_strength": -36.918962,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.194771,
        "energy": 45.160341,
        "activity_lines": [
          98.793333,
          99.334546,
          101.704286,
          105.135269
        ]
      },
      {
        "date": "2026-04-17",
        "close": 97.0,
        "volume": 4170,
        "typical_volume": 9969.15,
        "trend": 109.213333,
        "fair_value": 142.98141,
        "relative_strength": -39.734168,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.992345,
        "energy": 79.51769,
        "activity_lines": [
          98.233333,
          98.827273,
          101.0,
          104.306452
        ]
      },
      {
        "date": "2026-04-24",
        "close": 97.900002,
        "volume": 26249,
        "typical_volume": 11264.35,
        "trend": 108.693333,
        "fair_value": 143.032051,
        "relative_strength": -41.501944,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.513737,
        "energy": 69.621125,
        "activity_lines": [
          98.066667,
          98.538182,
          100.462381,
          103.576559
        ]
      },
      {
        "date": "2026-05-01",
        "close": 98.5,
        "volume": 4111,
        "typical_volume": 10761.15,
        "trend": 107.71,
        "fair_value": 143.089744,
        "relative_strength": -40.175629,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.27294,
        "energy": 54.282724,
        "activity_lines": [
          98.140001,
          98.423637,
          100.051429,
          102.918925
        ]
      },
      {
        "date": "2026-05-08",
        "close": 98.5,
        "volume": 724,
        "typical_volume": 10606.05,
        "trend": 106.893333,
        "fair_value": 143.163462,
        "relative_strength": -43.151584,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.48571,
        "energy": 60.541248,
        "activity_lines": [
          98.246667,
          98.336364,
          99.721429,
          102.324731
        ]
      },
      {
        "date": "2026-05-15",
        "close": 96.5,
        "volume": 9655,
        "typical_volume": 10962.75,
        "trend": 106.01,
        "fair_value": 143.217949,
        "relative_strength": -42.845342,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.601372,
        "energy": 49.622302,
        "activity_lines": [
          97.653334,
          97.976364,
          99.260476,
          101.654194
        ]
      },
      {
        "date": "2026-05-22",
        "close": 96.0,
        "volume": 2207,
        "typical_volume": 9403.8,
        "trend": 105.11,
        "fair_value": 143.294872,
        "relative_strength": -43.685723,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.13908,
        "energy": 49.541164,
        "activity_lines": [
          97.093333,
          97.58,
          98.820953,
          101.008387
        ]
      },
      {
        "date": "2026-05-29",
        "close": 97.0,
        "volume": 3702,
        "typical_volume": 8919.5,
        "trend": 104.193333,
        "fair_value": 143.388462,
        "relative_strength": -45.331076,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.395618,
        "energy": 44.542955,
        "activity_lines": [
          96.933333,
          97.409091,
          98.498095,
          100.485161
        ]
      },
      {
        "date": "2026-06-05",
        "close": 96.5,
        "volume": 13246,
        "typical_volume": 7574.25,
        "trend": 103.426667,
        "fair_value": 143.478205,
        "relative_strength": -45.081605,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.030235,
        "energy": 45.849655,
        "activity_lines": [
          96.666667,
          97.174546,
          98.137143,
          99.988817
        ]
      },
      {
        "date": "2026-06-12",
        "close": 95.5,
        "volume": 6957,
        "typical_volume": 7714.5,
        "trend": 102.66,
        "fair_value": 143.564744,
        "relative_strength": -43.627331,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.543318,
        "energy": 45.652987,
        "activity_lines": [
          96.2,
          96.803636,
          97.754762,
          99.47742
        ]
      },
      {
        "date": "2026-06-19",
        "close": 94.0,
        "volume": 8711,
        "typical_volume": 8141.55,
        "trend": 101.843333,
        "fair_value": 143.627564,
        "relative_strength": -46.330104,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.999854,
        "energy": 48.121544,
        "activity_lines": [
          95.433333,
          96.205455,
          97.279524,
          98.91871
        ]
      },
      {
        "date": "2026-06-26",
        "close": 92.0,
        "volume": 9894,
        "typical_volume": 7666.2,
        "trend": 101.11,
        "fair_value": 143.691667,
        "relative_strength": -44.299663,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.308327,
        "energy": 56.831044,
        "activity_lines": [
          94.166667,
          95.343636,
          96.682857,
          98.283656
        ]
      },
      {
        "date": "2026-07-03",
        "close": 94.5,
        "volume": 3304,
        "typical_volume": 7488.55,
        "trend": 100.51,
        "fair_value": 143.778205,
        "relative_strength": -44.467985,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.927923,
        "energy": 47.896015,
        "activity_lines": [
          94.0,
          95.027273,
          96.362381,
          97.857204
        ]
      },
      {
        "date": "2026-07-10",
        "close": 94.5,
        "volume": 6361,
        "typical_volume": 7745.8,
        "trend": 99.81,
        "fair_value": 143.845513,
        "relative_strength": -41.731213,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.059136,
        "energy": 45.490168,
        "activity_lines": [
          94.0,
          94.772727,
          96.075238,
          97.469463
        ]
      },
      {
        "date": "2026-07-17",
        "close": 93.5,
        "volume": 4217,
        "typical_volume": 7229.1,
        "trend": 99.226667,
        "fair_value": 143.932051,
        "relative_strength": -37.711626,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.540706,
        "energy": 44.301814,
        "activity_lines": [
          93.8,
          94.409091,
          95.719048,
          97.062366
        ]
      },
      {
        "date": "2026-07-24",
        "close": 92.5,
        "volume": 5167,
        "typical_volume": 7052.0,
        "trend": 98.61,
        "fair_value": 143.963462,
        "relative_strength": -38.742892,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.02162,
        "energy": 45.945491,
        "activity_lines": [
          93.4,
          93.954545,
          95.315238,
          96.628387
        ]
      },
      {
        "date": "2026-07-31",
        "close": 92.0,
        "volume": 3810,
        "typical_volume": 6729.2,
        "trend": 98.326667,
        "fair_value": 142.995513,
        "relative_strength": -37.286038,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.444114,
        "energy": 46.748426,
        "activity_lines": [
          92.933333,
          93.481818,
          94.897143,
          96.201936
        ]
      },
      {
        "date": "2026-08-07",
        "close": 92.0,
        "volume": 7548,
        "typical_volume": 6898.35,
        "trend": 98.093333,
        "fair_value": 142.316026,
        "relative_strength": -37.831135,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.575151,
        "energy": 52.506057,
        "activity_lines": [
          92.466667,
          93.081818,
          94.509524,
          95.793764
        ]
      },
      {
        "date": "2026-08-14",
        "close": 92.0,
        "volume": 3120,
        "typical_volume": 6849.55,
        "trend": 97.426667,
        "fair_value": 141.540385,
        "relative_strength": -39.045087,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.89711,
        "energy": 55.903716,
        "activity_lines": [
          92.166667,
          92.772727,
          94.152857,
          95.400645
        ]
      }
    ],
    "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."
    }
  }
}