{
  "ticker": {
    "uuid": "31802a8c-7aaf-4136-ade8-bea892037e20",
    "symbol": "ZOOM",
    "name": "Zoom Communications, Inc.",
    "exchange": "VIE",
    "country": "AT",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^ATX",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 74.422,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Momentum cooling",
    "architecture_gate": "up",
    "architecture_direction": 58.747,
    "architecture_energy": 37.65,
    "architecture_maturity": 27.82,
    "architecture_confidence": 62.994,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 34.92,
        "rotation_up": 56.05,
        "upward_expansion": 66.53,
        "deceleration": 54.99,
        "rotation_down": 17.0,
        "downward_expansion": 14.53
      },
      "activity_lines": [
        82.941334,
        80.626364,
        81.482524,
        79.513613
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 90.540001,
    "trend_reference": 77.202999,
    "distance_from_trend": 0.172752,
    "trend_direction": "Improving",
    "fair_value": 68.222115,
    "distance_from_fair_value": 0.327136,
    "fair_value_direction": "Weakening",
    "relative_strength": -1.178314,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.182139,
    "excess_performance": 0.007892,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.172752,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.031956,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.327136,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.053013,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.011783,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.10677,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.182139,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.139241,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 0,
      "relative_activity": 0.0,
      "balance": 1.139241,
      "dry_up": 0.0,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.068962,
      "annualized_volatility": 0.498253,
      "from_high_reference": -0.04312,
      "from_low_reference": 0.512024
    },
    "levels": {
      "trend_reference": 77.202999,
      "fair_value_reference": 68.222115,
      "structural_low": 61.220001,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 3,
        "median_return": 0.015521,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.016539,
        "regime_survival": 0.333333,
        "best_return": 0.024299,
        "worst_return": -0.093124,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": -0.140841,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.197114,
        "regime_survival": 0.0,
        "best_return": -0.140841,
        "worst_return": -0.140841,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": -0.173037,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.362952,
        "regime_survival": 0.0,
        "best_return": -0.173037,
        "worst_return": -0.173037,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.068368,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.503705,
        "regime_survival": 0.0,
        "best_return": -0.068368,
        "worst_return": -0.068368,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-03-07",
        "end": "2025-03-14",
        "tenure": "New",
        "return": -0.011677,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-21",
        "end": "2025-04-18",
        "tenure": "Developing",
        "return": -0.108511,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-25",
        "end": "2025-05-30",
        "tenure": "Developing",
        "return": 0.053299,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-06",
        "end": "2025-06-20",
        "tenure": "New",
        "return": -0.038059,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-06-27",
        "end": "2025-09-05",
        "tenure": "Developing",
        "return": 0.070429,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-09-12",
        "end": "2025-09-26",
        "tenure": "New",
        "return": 0.000277,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-03",
        "end": "2026-01-16",
        "tenure": "Established",
        "return": 0.015114,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-23",
        "end": "2026-02-13",
        "tenure": "New",
        "return": 0.067603,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-02-20",
        "end": "2026-02-20",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-02-27",
        "end": "2026-03-20",
        "tenure": "New",
        "return": 0.05301,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-27",
        "end": "2026-04-17",
        "tenure": "New",
        "return": 0.091536,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-24",
        "end": "2026-05-01",
        "tenure": "New",
        "return": 0.067849,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-08",
        "end": "2026-06-19",
        "tenure": "Developing",
        "return": -0.181334,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-06-26",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.208812,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 60.849998,
        "volume": 0,
        "typical_volume": 31.5,
        "trend": 63.887667,
        "fair_value": 179.318398,
        "relative_strength": -10.658231,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -34.47484,
        "energy": 13.334783,
        "activity_lines": [
          62.475333,
          62.689454,
          62.34219,
          62.680516
        ]
      },
      {
        "date": "2023-08-25",
        "close": 62.23,
        "volume": 0,
        "typical_volume": 31.5,
        "trend": 63.733,
        "fair_value": 178.089103,
        "relative_strength": -7.481287,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -31.163196,
        "energy": 19.724442,
        "activity_lines": [
          62.117333,
          62.618909,
          62.371952,
          62.57357
        ]
      },
      {
        "date": "2023-09-01",
        "close": 66.93,
        "volume": 0,
        "typical_volume": 27.3,
        "trend": 63.449667,
        "fair_value": 176.588654,
        "relative_strength": -2.103117,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 13.410897,
        "energy": 8.947396,
        "activity_lines": [
          63.437333,
          63.422727,
          62.862905,
          62.779828
        ]
      },
      {
        "date": "2023-09-08",
        "close": 67.75,
        "volume": 7,
        "typical_volume": 26.65,
        "trend": 63.393667,
        "fair_value": 174.933206,
        "relative_strength": 0.498348,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 37.872616,
        "energy": 40.383456,
        "activity_lines": [
          65.037333,
          64.263636,
          63.412333,
          63.057269
        ]
      },
      {
        "date": "2023-09-15",
        "close": 66.699997,
        "volume": 30,
        "typical_volume": 28.15,
        "trend": 63.284667,
        "fair_value": 173.10436,
        "relative_strength": -1.762456,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 31.49331,
        "energy": 52.499839,
        "activity_lines": [
          66.039999,
          64.814545,
          63.818095,
          63.27058
        ]
      },
      {
        "date": "2023-09-22",
        "close": 65.169998,
        "volume": 0,
        "typical_volume": 27.9,
        "trend": 63.130333,
        "fair_value": 170.804167,
        "relative_strength": -2.662556,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 55.849208,
        "energy": 62.673991,
        "activity_lines": [
          66.132665,
          64.963999,
          64.026476,
          63.392215
        ]
      },
      {
        "date": "2023-09-29",
        "close": 66.629997,
        "volume": 0,
        "typical_volume": 27.4,
        "trend": 63.135,
        "fair_value": 168.494103,
        "relative_strength": -0.077242,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.921088,
        "energy": 60.885752,
        "activity_lines": [
          66.423998,
          65.345817,
          64.338571,
          63.618
        ]
      },
      {
        "date": "2023-10-06",
        "close": 61.330002,
        "volume": 0,
        "typical_volume": 27.15,
        "trend": 63.046667,
        "fair_value": 166.188526,
        "relative_strength": -5.812256,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 22.673181,
        "energy": 13.667321,
        "activity_lines": [
          64.655332,
          64.714363,
          64.108333,
          63.501548
        ]
      },
      {
        "date": "2023-10-13",
        "close": 59.43,
        "volume": 15,
        "typical_volume": 27.3,
        "trend": 62.855,
        "fair_value": 163.518206,
        "relative_strength": -8.783221,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -14.376172,
        "energy": 17.4255,
        "activity_lines": [
          62.626666,
          63.84109,
          63.709809,
          63.268215
        ]
      },
      {
        "date": "2023-10-20",
        "close": 58.18,
        "volume": 89,
        "typical_volume": 31.25,
        "trend": 62.682333,
        "fair_value": 161.121924,
        "relative_strength": -6.526349,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -31.889938,
        "energy": 33.92462,
        "activity_lines": [
          60.736,
          62.824363,
          63.210095,
          62.966602
        ]
      },
      {
        "date": "2023-10-27",
        "close": 56.32,
        "volume": 21,
        "typical_volume": 24.65,
        "trend": 62.300667,
        "fair_value": 158.899616,
        "relative_strength": -8.267736,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -41.478277,
        "energy": 58.163456,
        "activity_lines": [
          58.793333,
          61.515272,
          62.561714,
          62.556129
        ]
      },
      {
        "date": "2023-11-03",
        "close": 58.529999,
        "volume": 0,
        "typical_volume": 21.15,
        "trend": 62.082333,
        "fair_value": 156.55686,
        "relative_strength": -9.021308,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -34.843692,
        "energy": 64.826194,
        "activity_lines": [
          58.177333,
          60.690363,
          62.150999,
          62.31286
        ]
      },
      {
        "date": "2023-11-10",
        "close": 57.459999,
        "volume": 124,
        "typical_volume": 24.35,
        "trend": 61.904,
        "fair_value": 154.681603,
        "relative_strength": -10.495481,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -40.334852,
        "energy": 67.504481,
        "activity_lines": [
          57.744666,
          59.738181,
          61.66119,
          62.014645
        ]
      },
      {
        "date": "2023-11-17",
        "close": 58.799999,
        "volume": 0,
        "typical_volume": 23.9,
        "trend": 61.911333,
        "fair_value": 152.686731,
        "relative_strength": -9.820798,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -61.963764,
        "energy": 66.921587,
        "activity_lines": [
          58.016666,
          59.201818,
          61.314761,
          61.814387
        ]
      },
      {
        "date": "2023-11-24",
        "close": 58.84,
        "volume": 19,
        "typical_volume": 24.85,
        "trend": 62.011,
        "fair_value": 150.608783,
        "relative_strength": -8.832886,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.288879,
        "energy": 41.723928,
        "activity_lines": [
          58.343999,
          58.835454,
          60.988809,
          61.616236
        ]
      },
      {
        "date": "2023-12-01",
        "close": 64.110001,
        "volume": 0,
        "typical_volume": 23.95,
        "trend": 62.223,
        "fair_value": 148.808206,
        "relative_strength": -2.269268,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -20.313038,
        "energy": 14.237437,
        "activity_lines": [
          60.384,
          59.570182,
          61.169904,
          61.751656
        ]
      },
      {
        "date": "2023-12-08",
        "close": 66.360001,
        "volume": 102,
        "typical_volume": 26.0,
        "trend": 62.477,
        "fair_value": 147.169488,
        "relative_strength": 1.195669,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": 19.207097,
        "energy": 24.011289,
        "activity_lines": [
          62.654667,
          60.733273,
          61.561666,
          62.018559
        ]
      },
      {
        "date": "2023-12-15",
        "close": 65.870003,
        "volume": 48,
        "typical_volume": 24.45,
        "trend": 62.539666,
        "fair_value": 145.476347,
        "relative_strength": -0.832038,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 17.958643,
        "energy": 30.083031,
        "activity_lines": [
          64.240001,
          61.812182,
          61.895048,
          62.237462
        ]
      },
      {
        "date": "2023-12-22",
        "close": 65.620003,
        "volume": 60,
        "typical_volume": 27.45,
        "trend": 62.621,
        "fair_value": 143.864936,
        "relative_strength": -2.209081,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 26.18656,
        "energy": 37.45888,
        "activity_lines": [
          65.181335,
          62.763092,
          62.210143,
          62.436194
        ]
      },
      {
        "date": "2023-12-29",
        "close": 65.510002,
        "volume": 171,
        "typical_volume": 34.3,
        "trend": 62.666,
        "fair_value": 142.406667,
        "relative_strength": -3.039105,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 24.107712,
        "energy": 46.922052,
        "activity_lines": [
          65.631336,
          63.581456,
          62.507239,
          62.622581
        ]
      },
      {
        "date": "2024-01-05",
        "close": 61.169998,
        "volume": 10,
        "typical_volume": 34.8,
        "trend": 62.637333,
        "fair_value": 141.003911,
        "relative_strength": -9.167526,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 8.180736,
        "energy": 20.444741,
        "activity_lines": [
          64.190001,
          63.477455,
          62.368096,
          62.526065
        ]
      },
      {
        "date": "2024-01-12",
        "close": 64.480003,
        "volume": 0,
        "typical_volume": 34.8,
        "trend": 62.676,
        "fair_value": 139.372372,
        "relative_strength": -3.313576,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 18.154019,
        "energy": 17.79087,
        "activity_lines": [
          64.048001,
          63.887092,
          62.542667,
          62.644947
        ]
      },
      {
        "date": "2024-01-19",
        "close": 62.369999,
        "volume": 0,
        "typical_volume": 34.8,
        "trend": 62.729333,
        "fair_value": 137.76577,
        "relative_strength": -4.909733,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -3.534739,
        "energy": 5.792407,
        "activity_lines": [
          63.328001,
          63.80491,
          62.505572,
          62.625205
        ]
      },
      {
        "date": "2024-01-26",
        "close": 62.799999,
        "volume": 2,
        "typical_volume": 34.55,
        "trend": 62.746,
        "fair_value": 136.213206,
        "relative_strength": -7.184493,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -7.502661,
        "energy": 12.088584,
        "activity_lines": [
          62.984667,
          63.711637,
          62.531143,
          62.629764
        ]
      },
      {
        "date": "2024-02-02",
        "close": 59.490002,
        "volume": 30,
        "typical_volume": 34.55,
        "trend": 62.731667,
        "fair_value": 134.395834,
        "relative_strength": -11.260143,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -30.547054,
        "energy": 21.387346,
        "activity_lines": [
          61.726,
          62.943819,
          62.265048,
          62.419699
        ]
      },
      {
        "date": "2024-02-09",
        "close": 60.759998,
        "volume": 300,
        "typical_volume": 49.55,
        "trend": 62.645333,
        "fair_value": 132.484039,
        "relative_strength": -6.967502,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -42.434844,
        "energy": 28.912657,
        "activity_lines": [
          61.292,
          62.395091,
          62.154238,
          62.292495
        ]
      },
      {
        "date": "2024-02-16",
        "close": 58.459999,
        "volume": 0,
        "typical_volume": 49.55,
        "trend": 62.464,
        "fair_value": 130.621603,
        "relative_strength": -11.494434,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -64.751475,
        "energy": 49.259011,
        "activity_lines": [
          60.118666,
          61.489091,
          61.845381,
          62.022473
        ]
      },
      {
        "date": "2024-02-23",
        "close": 58.259998,
        "volume": 42,
        "typical_volume": 51.65,
        "trend": 62.171667,
        "fair_value": 129.046347,
        "relative_strength": -10.963363,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.313311,
        "energy": 62.262904,
        "activity_lines": [
          59.279999,
          60.690363,
          61.556381,
          61.751247
        ]
      },
      {
        "date": "2024-03-01",
        "close": 65.029999,
        "volume": 32,
        "typical_volume": 52.5,
        "trend": 62.204667,
        "fair_value": 127.726026,
        "relative_strength": -0.478804,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -28.453572,
        "energy": 20.061946,
        "activity_lines": [
          60.971999,
          61.260908,
          61.926762,
          61.935656
        ]
      },
      {
        "date": "2024-03-08",
        "close": 61.490002,
        "volume": 22,
        "typical_volume": 49.15,
        "trend": 62.231,
        "fair_value": 126.274039,
        "relative_strength": -5.860814,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -27.50282,
        "energy": 15.74614,
        "activity_lines": [
          61.335333,
          61.198545,
          61.933333,
          61.889548
        ]
      },
      {
        "date": "2024-03-15",
        "close": 61.389999,
        "volume": 10,
        "typical_volume": 48.6,
        "trend": 62.249,
        "fair_value": 124.930385,
        "relative_strength": -6.618819,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -22.39904,
        "energy": 12.185079,
        "activity_lines": [
          61.532,
          61.19109,
          61.914619,
          61.83529
        ]
      },
      {
        "date": "2024-03-22",
        "close": 61.450001,
        "volume": 202,
        "typical_volume": 58.7,
        "trend": 62.223,
        "fair_value": 123.612757,
        "relative_strength": -8.603394,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -17.831354,
        "energy": 15.894192,
        "activity_lines": [
          61.706667,
          61.190545,
          61.877476,
          61.783742
        ]
      },
      {
        "date": "2024-03-29",
        "close": 61.16,
        "volume": 0,
        "typical_volume": 52.5,
        "trend": 62.030667,
        "fair_value": 122.201283,
        "relative_strength": -9.625526,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -21.533221,
        "energy": 9.78692,
        "activity_lines": [
          61.585334,
          61.192363,
          61.79881,
          61.715161
        ]
      },
      {
        "date": "2024-04-05",
        "close": 57.959999,
        "volume": 0,
        "typical_volume": 52.5,
        "trend": 61.704333,
        "fair_value": 120.836603,
        "relative_strength": -14.741738,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -62.754781,
        "energy": 40.356052,
        "activity_lines": [
          60.204,
          60.634363,
          61.397762,
          61.452538
        ]
      },
      {
        "date": "2024-04-12",
        "close": 58.34,
        "volume": 0,
        "typical_volume": 51.55,
        "trend": 61.425667,
        "fair_value": 119.450001,
        "relative_strength": -13.648357,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -62.122219,
        "energy": 53.308619,
        "activity_lines": [
          59.420666,
          60.233454,
          61.036905,
          61.235484
        ]
      },
      {
        "date": "2024-04-19",
        "close": 56.700001,
        "volume": 0,
        "typical_volume": 51.55,
        "trend": 61.143333,
        "fair_value": 118.046475,
        "relative_strength": -15.484333,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.964932,
        "energy": 68.451388,
        "activity_lines": [
          58.300667,
          59.555273,
          60.522238,
          60.930602
        ]
      },
      {
        "date": "2024-04-26",
        "close": 57.790001,
        "volume": 1,
        "typical_volume": 46.5,
        "trend": 60.848667,
        "fair_value": 116.701539,
        "relative_strength": -14.059426,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.793821,
        "energy": 67.391117,
        "activity_lines": [
          57.856667,
          59.149091,
          60.146667,
          60.714258
        ]
      },
      {
        "date": "2024-05-03",
        "close": 57.43,
        "volume": 0,
        "typical_volume": 44.1,
        "trend": 60.718667,
        "fair_value": 115.480898,
        "relative_strength": -15.441511,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.756868,
        "energy": 67.335911,
        "activity_lines": [
          57.536667,
          58.689637,
          59.777619,
          60.493699
        ]
      },
      {
        "date": "2024-05-10",
        "close": 57.220001,
        "volume": 14,
        "typical_volume": 41.8,
        "trend": 60.645,
        "fair_value": 114.225257,
        "relative_strength": -17.686817,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.24865,
        "energy": 63.738779,
        "activity_lines": [
          57.395334,
          58.207091,
          59.428762,
          60.267979
        ]
      },
      {
        "date": "2024-05-17",
        "close": 58.720001,
        "volume": 36,
        "typical_volume": 35.05,
        "trend": 60.663,
        "fair_value": 112.9225,
        "relative_strength": -16.578962,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.938794,
        "energy": 39.551915,
        "activity_lines": [
          57.803334,
          58.139273,
          59.262762,
          60.143785
        ]
      },
      {
        "date": "2024-05-24",
        "close": 58.130001,
        "volume": 62,
        "typical_volume": 37.65,
        "trend": 60.723334,
        "fair_value": 111.553462,
        "relative_strength": -16.922883,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.494428,
        "energy": 34.321633,
        "activity_lines": [
          57.989334,
          58.014546,
          59.072905,
          59.980366
        ]
      },
      {
        "date": "2024-05-31",
        "close": 55.720001,
        "volume": 0,
        "typical_volume": 37.65,
        "trend": 60.629667,
        "fair_value": 110.154552,
        "relative_strength": -18.651556,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.632241,
        "energy": 46.767208,
        "activity_lines": [
          57.276668,
          57.51091,
          58.668,
          59.65757
        ]
      },
      {
        "date": "2024-06-07",
        "close": 58.580002,
        "volume": 8,
        "typical_volume": 38.05,
        "trend": 60.667,
        "fair_value": 108.621731,
        "relative_strength": -13.458426,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -44.396794,
        "energy": 30.79914,
        "activity_lines": [
          57.655335,
          57.631456,
          58.577191,
          59.525334
        ]
      },
      {
        "date": "2024-06-14",
        "close": 53.869999,
        "volume": 9,
        "typical_volume": 38.4,
        "trend": 60.502667,
        "fair_value": 106.959039,
        "relative_strength": -17.219924,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -81.208544,
        "energy": 67.667377,
        "activity_lines": [
          56.387334,
          56.942546,
          58.055858,
          59.086818
        ]
      },
      {
        "date": "2024-06-21",
        "close": 54.389999,
        "volume": 0,
        "typical_volume": 36.9,
        "trend": 60.354334,
        "fair_value": 105.326923,
        "relative_strength": -17.341571,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.638757,
        "energy": 74.294726,
        "activity_lines": [
          55.516,
          56.422546,
          57.626572,
          58.692452
        ]
      },
      {
        "date": "2024-06-28",
        "close": 55.049999,
        "volume": 0,
        "typical_volume": 21.9,
        "trend": 60.052334,
        "fair_value": 103.5375,
        "relative_strength": -16.358055,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.528811,
        "energy": 62.757983,
        "activity_lines": [
          55.153333,
          56.094364,
          57.284429,
          58.350237
        ]
      },
      {
        "date": "2024-07-05",
        "close": 54.290001,
        "volume": 0,
        "typical_volume": 21.9,
        "trend": 59.65,
        "fair_value": 101.811795,
        "relative_strength": -19.326529,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.913515,
        "energy": 75.459316,
        "activity_lines": [
          54.742667,
          55.658,
          56.897096,
          57.978473
        ]
      },
      {
        "date": "2024-07-12",
        "close": 52.549999,
        "volume": 15,
        "typical_volume": 20.55,
        "trend": 59.206,
        "fair_value": 100.200256,
        "relative_strength": -21.376317,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.632941,
        "energy": 73.840503,
        "activity_lines": [
          53.847333,
          54.968909,
          56.363905,
          57.520409
        ]
      },
      {
        "date": "2024-07-19",
        "close": 53.790001,
        "volume": 0,
        "typical_volume": 18.95,
        "trend": 58.811667,
        "fair_value": 98.603077,
        "relative_strength": -18.307776,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.869106,
        "energy": 58.643561,
        "activity_lines": [
          53.767333,
          54.594,
          55.976,
          57.170989
        ]
      },
      {
        "date": "2024-07-26",
        "close": 55.139999,
        "volume": 0,
        "typical_volume": 17.85,
        "trend": 58.466,
        "fair_value": 96.88891,
        "relative_strength": -15.728593,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.916049,
        "energy": 49.136991,
        "activity_lines": [
          54.142666,
          54.526909,
          55.770191,
          56.934108
        ]
      },
      {
        "date": "2024-08-02",
        "close": 52.700001,
        "volume": 33,
        "typical_volume": 19.0,
        "trend": 58.183667,
        "fair_value": 95.133141,
        "relative_strength": -15.694155,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.082493,
        "energy": 51.316363,
        "activity_lines": [
          53.654667,
          54.081273,
          55.362238,
          56.562108
        ]
      },
      {
        "date": "2024-08-09",
        "close": 51.48,
        "volume": 2,
        "typical_volume": 9.0,
        "trend": 57.750333,
        "fair_value": 93.510577,
        "relative_strength": -18.01084,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.565937,
        "energy": 52.050208,
        "activity_lines": [
          52.916667,
          53.512545,
          54.879476,
          56.129613
        ]
      },
      {
        "date": "2024-08-16",
        "close": 52.599998,
        "volume": 0,
        "typical_volume": 9.0,
        "trend": 57.424667,
        "fair_value": 91.967949,
        "relative_strength": -17.293681,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.914416,
        "energy": 46.349116,
        "activity_lines": [
          52.739333,
          53.224545,
          54.550857,
          55.797333
        ]
      },
      {
        "date": "2024-08-23",
        "close": 62.860001,
        "volume": 70,
        "typical_volume": 12.5,
        "trend": 57.426667,
        "fair_value": 90.501667,
        "relative_strength": -2.506661,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "down",
        "direction": -1.785577,
        "energy": 6.381862,
        "activity_lines": [
          55.978667,
          54.910727,
          55.240143,
          56.148
        ]
      },
      {
        "date": "2024-08-30",
        "close": 62.310001,
        "volume": 0,
        "typical_volume": 12.5,
        "trend": 57.520667,
        "fair_value": 89.293718,
        "relative_strength": -3.938086,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 35.833245,
        "energy": 35.492872,
        "activity_lines": [
          58.43,
          56.333455,
          55.853714,
          56.463054
        ]
      },
      {
        "date": "2024-09-06",
        "close": 60.389999,
        "volume": 0,
        "typical_volume": 12.5,
        "trend": 57.508333,
        "fair_value": 88.043333,
        "relative_strength": -2.529958,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 24.818908,
        "energy": 39.822697,
        "activity_lines": [
          59.763333,
          57.263091,
          56.265524,
          56.648172
        ]
      },
      {
        "date": "2024-09-13",
        "close": 60.889999,
        "volume": 0,
        "typical_volume": 12.45,
        "trend": 57.589333,
        "fair_value": 86.893269,
        "relative_strength": -1.863554,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 26.949856,
        "energy": 53.541288,
        "activity_lines": [
          60.750666,
          58.186545,
          56.707381,
          56.866344
        ]
      },
      {
        "date": "2024-09-20",
        "close": 60.349998,
        "volume": 0,
        "typical_volume": 12.45,
        "trend": 57.659,
        "fair_value": 85.799679,
        "relative_strength": -2.647123,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 35.328218,
        "energy": 65.303072,
        "activity_lines": [
          60.930666,
          58.891818,
          57.083047,
          57.044452
        ]
      },
      {
        "date": "2024-09-27",
        "close": 62.049999,
        "volume": 191,
        "typical_volume": 21.3,
        "trend": 57.559667,
        "fair_value": 84.7125,
        "relative_strength": -0.343529,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 44.047724,
        "energy": 61.347083,
        "activity_lines": [
          61.160666,
          59.764363,
          57.606714,
          57.327742
        ]
      },
      {
        "date": "2024-10-04",
        "close": 61.82,
        "volume": 35,
        "typical_volume": 21.25,
        "trend": 57.570667,
        "fair_value": 83.692436,
        "relative_strength": 0.635946,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 66.45739,
        "energy": 56.929306,
        "activity_lines": [
          61.367999,
          60.444908,
          58.085476,
          57.602602
        ]
      },
      {
        "date": "2024-10-11",
        "close": 65.18,
        "volume": 0,
        "typical_volume": 18.15,
        "trend": 57.697,
        "fair_value": 82.64391,
        "relative_strength": 6.044945,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.698311,
        "energy": 65.665483,
        "activity_lines": [
          62.727999,
          61.614909,
          58.869476,
          58.093527
        ]
      },
      {
        "date": "2024-10-18",
        "close": 64.720001,
        "volume": 65,
        "typical_volume": 21.4,
        "trend": 57.806,
        "fair_value": 81.521923,
        "relative_strength": 5.086988,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.512394,
        "energy": 70.264009,
        "activity_lines": [
          63.615333,
          62.474363,
          59.576095,
          58.546624
        ]
      },
      {
        "date": "2024-10-25",
        "close": 67.540001,
        "volume": 0,
        "typical_volume": 21.0,
        "trend": 58.018667,
        "fair_value": 80.434038,
        "relative_strength": 10.995669,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.629582,
        "energy": 84.465016,
        "activity_lines": [
          65.187334,
          63.605818,
          60.508428,
          59.174624
        ]
      },
      {
        "date": "2024-11-01",
        "close": 69.839996,
        "volume": 0,
        "typical_volume": 20.55,
        "trend": 58.414667,
        "fair_value": 79.422436,
        "relative_strength": 16.362573,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 87.985384,
        "energy": 93.587007,
        "activity_lines": [
          67.046666,
          64.883817,
          61.617142,
          59.93729
        ]
      },
      {
        "date": "2024-11-08",
        "close": 75.510002,
        "volume": 110,
        "typical_volume": 26.05,
        "trend": 58.987,
        "fair_value": 78.523141,
        "relative_strength": 24.575974,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 94.991342,
        "energy": 96.880012,
        "activity_lines": [
          70.276667,
          67.065818,
          63.189809,
          61.040215
        ]
      },
      {
        "date": "2024-11-15",
        "close": 77.25,
        "volume": 0,
        "typical_volume": 26.05,
        "trend": 59.672,
        "fair_value": 77.569615,
        "relative_strength": 26.704468,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 91.464562,
        "energy": 96.271035,
        "activity_lines": [
          73.174,
          69.324182,
          64.827619,
          62.218473
        ]
      },
      {
        "date": "2024-11-22",
        "close": 81.690002,
        "volume": 80,
        "typical_volume": 30.05,
        "trend": 60.468667,
        "fair_value": 76.783013,
        "relative_strength": 34.109137,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 94.682111,
        "energy": 97.925118,
        "activity_lines": [
          76.746667,
          72.083273,
          66.782571,
          63.638989
        ]
      },
      {
        "date": "2024-11-29",
        "close": 78.629997,
        "volume": 79,
        "typical_volume": 33.25,
        "trend": 61.175333,
        "fair_value": 76.264487,
        "relative_strength": 28.430627,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.656431,
        "energy": 89.6582,
        "activity_lines": [
          78.168,
          73.907818,
          68.315619,
          64.810688
        ]
      },
      {
        "date": "2024-12-06",
        "close": 81.57,
        "volume": 79,
        "typical_volume": 37.2,
        "trend": 61.987,
        "fair_value": 75.735192,
        "relative_strength": 31.175639,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.019391,
        "energy": 90.521204,
        "activity_lines": [
          79.83,
          75.934545,
          70.004476,
          66.126473
        ]
      },
      {
        "date": "2024-12-13",
        "close": 81.169998,
        "volume": 66,
        "typical_volume": 40.5,
        "trend": 62.735333,
        "fair_value": 75.145385,
        "relative_strength": 27.853046,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.976298,
        "energy": 74.443421,
        "activity_lines": [
          80.576666,
          77.533636,
          71.522952,
          67.364086
        ]
      },
      {
        "date": "2024-12-20",
        "close": 82.32,
        "volume": 32,
        "typical_volume": 40.45,
        "trend": 63.541666,
        "fair_value": 74.586026,
        "relative_strength": 31.236528,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.564642,
        "energy": 69.199958,
        "activity_lines": [
          81.329333,
          78.989999,
          73.027,
          68.627613
        ]
      },
      {
        "date": "2024-12-27",
        "close": 80.07,
        "volume": 30,
        "typical_volume": 41.85,
        "trend": 64.353333,
        "fair_value": 74.076859,
        "relative_strength": 25.797032,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.040311,
        "energy": 65.435399,
        "activity_lines": [
          80.993999,
          79.725636,
          74.175714,
          69.693957
        ]
      },
      {
        "date": "2025-01-03",
        "close": 79.779999,
        "volume": 60,
        "typical_volume": 44.85,
        "trend": 65.06,
        "fair_value": 73.607885,
        "relative_strength": 24.095002,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.517499,
        "energy": 62.28823,
        "activity_lines": [
          80.669999,
          80.129454,
          75.160666,
          70.689225
        ]
      },
      {
        "date": "2025-01-10",
        "close": 77.260002,
        "volume": 40,
        "typical_volume": 43.35,
        "trend": 65.839666,
        "fair_value": 73.213141,
        "relative_strength": 19.867373,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.33207,
        "energy": 49.89875,
        "activity_lines": [
          79.429334,
          79.852545,
          75.77619,
          71.476322
        ]
      },
      {
        "date": "2025-01-17",
        "close": 76.349998,
        "volume": 0,
        "typical_volume": 43.35,
        "trend": 66.571666,
        "fair_value": 72.828462,
        "relative_strength": 14.221385,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.309061,
        "energy": 37.610255,
        "activity_lines": [
          78.172666,
          79.275272,
          76.236476,
          72.154408
        ]
      },
      {
        "date": "2025-01-24",
        "close": 77.959999,
        "volume": 90,
        "typical_volume": 47.85,
        "trend": 67.335333,
        "fair_value": 72.515897,
        "relative_strength": 14.405817,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.071887,
        "energy": 30.454962,
        "activity_lines": [
          77.773999,
          78.975454,
          76.783238,
          72.889139
        ]
      },
      {
        "date": "2025-01-31",
        "close": 84.910004,
        "volume": 0,
        "typical_volume": 47.85,
        "trend": 68.356,
        "fair_value": 72.263654,
        "relative_strength": 23.35992,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 72.400479,
        "energy": 44.024848,
        "activity_lines": [
          79.982668,
          79.926364,
          77.908238,
          74.022989
        ]
      },
      {
        "date": "2025-02-07",
        "close": 84.129997,
        "volume": 1,
        "typical_volume": 47.9,
        "trend": 69.408666,
        "fair_value": 71.982564,
        "relative_strength": 21.280887,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 69.582577,
        "energy": 51.096457,
        "activity_lines": [
          81.608666,
          80.676909,
          78.844571,
          75.040666
        ]
      },
      {
        "date": "2025-02-14",
        "close": 80.209999,
        "volume": 10,
        "typical_volume": 38.85,
        "trend": 70.289333,
        "fair_value": 71.785962,
        "relative_strength": 9.54918,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.116069,
        "energy": 47.338587,
        "activity_lines": [
          81.637999,
          80.614727,
          79.294333,
          75.737527
        ]
      },
      {
        "date": "2025-02-21",
        "close": 79.169998,
        "volume": 0,
        "typical_volume": 37.1,
        "trend": 71.090333,
        "fair_value": 71.584872,
        "relative_strength": 8.790759,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.40764,
        "energy": 46.364093,
        "activity_lines": [
          81.123999,
          80.388181,
          79.558571,
          76.310473
        ]
      },
      {
        "date": "2025-02-28",
        "close": 69.949997,
        "volume": 0,
        "typical_volume": 37.1,
        "trend": 71.665333,
        "fair_value": 71.388654,
        "relative_strength": -5.93689,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": -4.81537,
        "energy": 8.731374,
        "activity_lines": [
          77.348665,
          78.521635,
          78.862094,
          76.236903
        ]
      },
      {
        "date": "2025-03-07",
        "close": 69.370003,
        "volume": 0,
        "typical_volume": 33.85,
        "trend": 72.261666,
        "fair_value": 71.247692,
        "relative_strength": -9.623576,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -18.179941,
        "energy": 32.050164,
        "activity_lines": [
          73.913999,
          76.774545,
          78.087666,
          76.088817
        ]
      },
      {
        "date": "2025-03-14",
        "close": 68.559998,
        "volume": 105,
        "typical_volume": 39.1,
        "trend": 72.793666,
        "fair_value": 71.007051,
        "relative_strength": -10.629632,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -38.5501,
        "energy": 54.613331,
        "activity_lines": [
          71.245333,
          75.074727,
          77.213952,
          75.849999
        ]
      },
      {
        "date": "2025-03-21",
        "close": 70.5,
        "volume": 0,
        "typical_volume": 39.1,
        "trend": 73.048333,
        "fair_value": 70.79359,
        "relative_strength": -7.17395,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -26.970858,
        "energy": 59.66052,
        "activity_lines": [
          70.261333,
          73.931636,
          76.520142,
          75.702021
        ]
      },
      {
        "date": "2025-03-28",
        "close": 69.050003,
        "volume": 30,
        "typical_volume": 35.1,
        "trend": 73.273,
        "fair_value": 70.545962,
        "relative_strength": -7.184331,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -30.271937,
        "energy": 64.267136,
        "activity_lines": [
          69.441334,
          72.647818,
          75.685095,
          75.444064
        ]
      },
      {
        "date": "2025-04-04",
        "close": 62.91,
        "volume": 0,
        "typical_volume": 35.1,
        "trend": 73.357,
        "fair_value": 70.28859,
        "relative_strength": -6.200874,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -57.987813,
        "energy": 73.374635,
        "activity_lines": [
          67.249334,
          70.380364,
          74.296047,
          74.775484
        ]
      },
      {
        "date": "2025-04-11",
        "close": 61.459999,
        "volume": 18,
        "typical_volume": 32.0,
        "trend": 73.376,
        "fair_value": 70.012179,
        "relative_strength": -7.226182,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -55.208633,
        "energy": 70.998349,
        "activity_lines": [
          65.043333,
          68.122909,
          72.83719,
          74.007935
        ]
      },
      {
        "date": "2025-04-18",
        "close": 62.849998,
        "volume": 0,
        "typical_volume": 28.05,
        "trend": 73.459333,
        "fair_value": 69.814167,
        "relative_strength": -9.97237,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -71.294817,
        "energy": 77.931973,
        "activity_lines": [
          63.827999,
          66.544545,
          71.607047,
          73.328838
        ]
      },
      {
        "date": "2025-04-25",
        "close": 66.980003,
        "volume": 0,
        "typical_volume": 24.1,
        "trend": 73.623666,
        "fair_value": 69.606346,
        "relative_strength": -7.513879,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.177879,
        "energy": 65.588404,
        "activity_lines": [
          64.37,
          66.104,
          70.845381,
          72.910817
        ]
      },
      {
        "date": "2025-05-02",
        "close": 68.559998,
        "volume": 150,
        "typical_volume": 28.3,
        "trend": 73.848333,
        "fair_value": 69.438013,
        "relative_strength": -6.740608,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.412839,
        "energy": 52.652363,
        "activity_lines": [
          65.673333,
          66.191273,
          70.303666,
          72.584129
        ]
      },
      {
        "date": "2025-05-09",
        "close": 71.82,
        "volume": 0,
        "typical_volume": 26.7,
        "trend": 74.069666,
        "fair_value": 69.330833,
        "relative_strength": -6.740359,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -43.973238,
        "energy": 29.967707,
        "activity_lines": [
          68.096,
          67.064182,
          70.132476,
          72.453269
        ]
      },
      {
        "date": "2025-05-16",
        "close": 76.089996,
        "volume": 0,
        "typical_volume": 25.2,
        "trend": 74.448666,
        "fair_value": 69.272436,
        "relative_strength": -4.184432,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -10.913702,
        "energy": 24.240441,
        "activity_lines": [
          71.347999,
          68.679454,
          70.417952,
          72.583612
        ]
      },
      {
        "date": "2025-05-23",
        "close": 71.160004,
        "volume": 145,
        "typical_volume": 29.45,
        "trend": 74.569333,
        "fair_value": 69.086282,
        "relative_strength": -9.34938,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -22.824744,
        "energy": 28.538605,
        "activity_lines": [
          71.981334,
          69.276182,
          70.252857,
          72.371441
        ]
      },
      {
        "date": "2025-05-30",
        "close": 70.550003,
        "volume": 4,
        "typical_volume": 27.65,
        "trend": 74.593,
        "fair_value": 68.891346,
        "relative_strength": -11.083793,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -19.866274,
        "energy": 27.324026,
        "activity_lines": [
          71.857334,
          69.714728,
          70.070714,
          72.112129
        ]
      },
      {
        "date": "2025-06-06",
        "close": 70.68,
        "volume": 3,
        "typical_volume": 27.8,
        "trend": 74.432,
        "fair_value": 68.688269,
        "relative_strength": -11.352421,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -11.697263,
        "energy": 19.302773,
        "activity_lines": [
          71.538668,
          70.176,
          69.932905,
          71.859677
        ]
      },
      {
        "date": "2025-06-13",
        "close": 66.540001,
        "volume": 0,
        "typical_volume": 23.3,
        "trend": 74.075,
        "fair_value": 68.446859,
        "relative_strength": -14.748688,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -48.325982,
        "energy": 26.406796,
        "activity_lines": [
          69.698668,
          69.85491,
          69.42781,
          71.350516
        ]
      },
      {
        "date": "2025-06-20",
        "close": 67.989998,
        "volume": 14,
        "typical_volume": 24.0,
        "trend": 73.618333,
        "fair_value": 68.155769,
        "relative_strength": -12.531417,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -41.398908,
        "energy": 29.774629,
        "activity_lines": [
          68.694,
          69.731455,
          69.115191,
          70.957935
        ]
      },
      {
        "date": "2025-06-27",
        "close": 66.449997,
        "volume": 0,
        "typical_volume": 23.95,
        "trend": 73.212333,
        "fair_value": 67.931218,
        "relative_strength": -16.122892,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -51.121519,
        "energy": 44.38572,
        "activity_lines": [
          67.715999,
          69.209272,
          68.736476,
          70.495462
        ]
      },
      {
        "date": "2025-07-04",
        "close": 66.260002,
        "volume": 1,
        "typical_volume": 23.5,
        "trend": 72.702,
        "fair_value": 67.581474,
        "relative_strength": -15.746652,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.71162,
        "energy": 57.275266,
        "activity_lines": [
          66.988666,
          68.587091,
          68.423857,
          70.046925
        ]
      },
      {
        "date": "2025-07-11",
        "close": 63.110001,
        "volume": 0,
        "typical_volume": 23.5,
        "trend": 72.1,
        "fair_value": 67.363333,
        "relative_strength": -21.512755,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.427344,
        "energy": 76.123237,
        "activity_lines": [
          65.497333,
          67.405273,
          67.877667,
          69.428086
        ]
      },
      {
        "date": "2025-07-18",
        "close": 64.050003,
        "volume": 8,
        "typical_volume": 23.9,
        "trend": 71.491,
        "fair_value": 67.103397,
        "relative_strength": -20.352794,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.40188,
        "energy": 74.203729,
        "activity_lines": [
          64.824001,
          66.493455,
          67.497477,
          68.908731
        ]
      },
      {
        "date": "2025-07-25",
        "close": 64.470001,
        "volume": 20,
        "typical_volume": 24.9,
        "trend": 70.971,
        "fair_value": 66.873974,
        "relative_strength": -21.329243,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.132756,
        "energy": 72.9537,
        "activity_lines": [
          64.456668,
          65.799274,
          67.185381,
          68.455764
        ]
      },
      {
        "date": "2025-08-01",
        "close": 61.720001,
        "volume": 0,
        "typical_volume": 19.65,
        "trend": 70.369,
        "fair_value": 66.565513,
        "relative_strength": -22.5939,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.993078,
        "energy": 78.838293,
        "activity_lines": [
          63.407335,
          64.816364,
          66.634715,
          67.858925
        ]
      },
      {
        "date": "2025-08-08",
        "close": 61.110001,
        "volume": 9,
        "typical_volume": 20.1,
        "trend": 69.830667,
        "fair_value": 66.276346,
        "relative_strength": -27.522878,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.401811,
        "energy": 76.582814,
        "activity_lines": [
          62.470001,
          63.894183,
          66.058524,
          67.26157
        ]
      },
      {
        "date": "2025-08-15",
        "close": 61.93,
        "volume": 129,
        "typical_volume": 25.05,
        "trend": 69.35,
        "fair_value": 66.040192,
        "relative_strength": -28.317132,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.401699,
        "energy": 72.930856,
        "activity_lines": [
          62.149334,
          63.292728,
          65.605143,
          66.75185
        ]
      },
      {
        "date": "2025-08-22",
        "close": 68.699997,
        "volume": 0,
        "typical_volume": 25.05,
        "trend": 69.041333,
        "fair_value": 65.959423,
        "relative_strength": -19.2531,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.125292,
        "energy": 31.720857,
        "activity_lines": [
          64.163999,
          64.081273,
          65.830429,
          66.709914
        ]
      },
      {
        "date": "2025-08-29",
        "close": 69.940002,
        "volume": 15,
        "typical_volume": 24.9,
        "trend": 68.542333,
        "fair_value": 65.878269,
        "relative_strength": -14.588977,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -10.016146,
        "energy": 12.587002,
        "activity_lines": [
          66.282,
          65.056,
          66.146239,
          66.767893
        ]
      },
      {
        "date": "2025-09-05",
        "close": 71.129997,
        "volume": 0,
        "typical_volume": 24.9,
        "trend": 68.109,
        "fair_value": 65.809295,
        "relative_strength": -12.687675,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 20.722246,
        "energy": 30.530799,
        "activity_lines": [
          68.431999,
          66.211636,
          66.535,
          66.934839
        ]
      },
      {
        "date": "2025-09-12",
        "close": 72.150002,
        "volume": 30,
        "typical_volume": 26.4,
        "trend": 67.840333,
        "fair_value": 65.773205,
        "relative_strength": -12.264371,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 36.89639,
        "energy": 45.404832,
        "activity_lines": [
          70.294667,
          67.467636,
          66.981476,
          67.195549
        ]
      },
      {
        "date": "2025-09-19",
        "close": 71.910004,
        "volume": 0,
        "typical_volume": 18.9,
        "trend": 67.598334,
        "fair_value": 65.746218,
        "relative_strength": -12.081655,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 31.736982,
        "energy": 58.946285,
        "activity_lines": [
          71.341335,
          68.57291,
          67.380477,
          67.458108
        ]
      },
      {
        "date": "2025-09-26",
        "close": 72.169998,
        "volume": 0,
        "typical_volume": 18.9,
        "trend": 67.672334,
        "fair_value": 65.713782,
        "relative_strength": -12.103936,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 69.20474,
        "energy": 76.427158,
        "activity_lines": [
          71.809334,
          69.565455,
          67.788286,
          67.753054
        ]
      },
      {
        "date": "2025-10-03",
        "close": 69.470001,
        "volume": 0,
        "typical_volume": 18.9,
        "trend": 67.675667,
        "fair_value": 65.64891,
        "relative_strength": -16.987737,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.408889,
        "energy": 61.972768,
        "activity_lines": [
          71.146001,
          69.919455,
          67.937286,
          67.869033
        ]
      },
      {
        "date": "2025-10-10",
        "close": 71.690002,
        "volume": 0,
        "typical_volume": 11.65,
        "trend": 67.78,
        "fair_value": 65.619872,
        "relative_strength": -12.425866,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.22658,
        "energy": 45.484787,
        "activity_lines": [
          71.254001,
          70.586183,
          68.329239,
          68.128022
        ]
      },
      {
        "date": "2025-10-17",
        "close": 67.949997,
        "volume": 0,
        "typical_volume": 11.45,
        "trend": 67.695,
        "fair_value": 65.539872,
        "relative_strength": -15.11374,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 41.437778,
        "energy": 26.000916,
        "activity_lines": [
          70.078,
          70.391636,
          68.362476,
          68.13899
        ]
      },
      {
        "date": "2025-10-24",
        "close": 72.43,
        "volume": 0,
        "typical_volume": 11.3,
        "trend": 67.807667,
        "fair_value": 65.471218,
        "relative_strength": -10.895098,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.055295,
        "energy": 29.196376,
        "activity_lines": [
          70.675333,
          70.887273,
          68.834762,
          68.444473
        ]
      },
      {
        "date": "2025-10-31",
        "close": 74.489998,
        "volume": 0,
        "typical_volume": 11.3,
        "trend": 68.193667,
        "fair_value": 65.445897,
        "relative_strength": -10.641328,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.193357,
        "energy": 43.878818,
        "activity_lines": [
          71.924666,
          71.566545,
          69.494905,
          68.875592
        ]
      },
      {
        "date": "2025-11-07",
        "close": 70.32,
        "volume": 5,
        "typical_volume": 10.85,
        "trend": 68.489,
        "fair_value": 65.366667,
        "relative_strength": -14.068399,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 50.870245,
        "energy": 30.956918,
        "activity_lines": [
          71.629333,
          71.382363,
          69.720048,
          69.012774
        ]
      },
      {
        "date": "2025-11-14",
        "close": 72.800003,
        "volume": 0,
        "typical_volume": 10.85,
        "trend": 68.820667,
        "fair_value": 65.327949,
        "relative_strength": -12.196638,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.791529,
        "energy": 40.323252,
        "activity_lines": [
          72.104,
          71.642182,
          70.170286,
          69.290904
        ]
      },
      {
        "date": "2025-11-21",
        "close": 68.120003,
        "volume": 0,
        "typical_volume": 10.8,
        "trend": 68.858667,
        "fair_value": 65.301154,
        "relative_strength": -15.896784,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 29.462466,
        "energy": 19.894833,
        "activity_lines": [
          70.944668,
          71.020728,
          70.144572,
          69.245699
        ]
      },
      {
        "date": "2025-11-28",
        "close": 73.559998,
        "volume": 0,
        "typical_volume": 10.8,
        "trend": 69.025334,
        "fair_value": 65.313205,
        "relative_strength": -12.429424,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.92888,
        "energy": 27.803635,
        "activity_lines": [
          71.587334,
          71.461637,
          70.628096,
          69.549011
        ]
      },
      {
        "date": "2025-12-05",
        "close": 75.440002,
        "volume": 13,
        "typical_volume": 11.05,
        "trend": 69.146,
        "fair_value": 65.35218,
        "relative_strength": -10.653435,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.629479,
        "energy": 38.175128,
        "activity_lines": [
          72.781334,
          72.214364,
          71.240905,
          69.962861
        ]
      },
      {
        "date": "2025-12-12",
        "close": 75.870003,
        "volume": 90,
        "typical_volume": 14.55,
        "trend": 69.138667,
        "fair_value": 65.415128,
        "relative_strength": -9.748559,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.055036,
        "energy": 49.140574,
        "activity_lines": [
          74.055335,
          72.985819,
          71.840429,
          70.396667
        ]
      },
      {
        "date": "2025-12-19",
        "close": 76.580002,
        "volume": 22,
        "typical_volume": 15.65,
        "trend": 69.319334,
        "fair_value": 65.507821,
        "relative_strength": -10.32122,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.479438,
        "energy": 66.65524,
        "activity_lines": [
          75.196002,
          73.770001,
          72.453287,
          70.876753
        ]
      },
      {
        "date": "2025-12-26",
        "close": 74.18,
        "volume": 0,
        "typical_volume": 15.2,
        "trend": 69.440334,
        "fair_value": 65.577821,
        "relative_strength": -12.524847,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.167606,
        "energy": 59.995443,
        "activity_lines": [
          75.284668,
          74.02891,
          72.76681,
          71.190345
        ]
      },
      {
        "date": "2026-01-02",
        "close": 71.110001,
        "volume": 0,
        "typical_volume": 8.75,
        "trend": 69.454667,
        "fair_value": 65.620321,
        "relative_strength": -16.936496,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.465753,
        "energy": 32.728978,
        "activity_lines": [
          73.946001,
          73.616365,
          72.725715,
          71.298065
        ]
      },
      {
        "date": "2026-01-09",
        "close": 73.120003,
        "volume": 21,
        "typical_volume": 9.8,
        "trend": 69.674001,
        "fair_value": 65.677244,
        "relative_strength": -14.619815,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 37.194245,
        "energy": 21.452695,
        "activity_lines": [
          73.440668,
          73.593274,
          72.832334,
          71.534538
        ]
      },
      {
        "date": "2026-01-16",
        "close": 70.519997,
        "volume": 0,
        "typical_volume": 9.05,
        "trend": 69.758334,
        "fair_value": 65.723462,
        "relative_strength": -17.938395,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 20.774648,
        "energy": 15.495376,
        "activity_lines": [
          72.223333,
          73.122364,
          72.670286,
          71.589119
        ]
      },
      {
        "date": "2026-01-23",
        "close": 72.629997,
        "volume": 40,
        "typical_volume": 11.05,
        "trend": 69.964334,
        "fair_value": 65.760385,
        "relative_strength": -15.494936,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 23.836044,
        "energy": 17.658768,
        "activity_lines": [
          72.065999,
          73.031455,
          72.706429,
          71.774387
        ]
      },
      {
        "date": "2026-01-30",
        "close": 76.809998,
        "volume": 0,
        "typical_volume": 9.55,
        "trend": 70.316,
        "fair_value": 65.769231,
        "relative_strength": -11.090608,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 45.049458,
        "energy": 20.305374,
        "activity_lines": [
          73.565332,
          73.703636,
          73.133524,
          72.216043
        ]
      },
      {
        "date": "2026-02-06",
        "close": 76.589996,
        "volume": 30,
        "typical_volume": 11.05,
        "trend": 70.765334,
        "fair_value": 65.815128,
        "relative_strength": -11.391066,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 53.738369,
        "energy": 29.322356,
        "activity_lines": [
          74.815997,
          74.177817,
          73.517476,
          72.620817
        ]
      },
      {
        "date": "2026-02-13",
        "close": 77.540001,
        "volume": 0,
        "typical_volume": 11.05,
        "trend": 71.215,
        "fair_value": 65.863654,
        "relative_strength": -8.935243,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 59.194879,
        "energy": 49.149686,
        "activity_lines": [
          76.017998,
          74.769635,
          73.969619,
          73.057892
        ]
      },
      {
        "date": "2026-02-20",
        "close": 77.879997,
        "volume": 0,
        "typical_volume": 11.05,
        "trend": 71.662,
        "fair_value": 65.915449,
        "relative_strength": -10.751153,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.672918,
        "energy": 58.433513,
        "activity_lines": [
          77.038665,
          75.385089,
          74.428571,
          73.487892
        ]
      },
      {
        "date": "2026-02-27",
        "close": 62.630001,
        "volume": 246,
        "typical_volume": 23.35,
        "trend": 71.692333,
        "fair_value": 65.890705,
        "relative_strength": -26.34207,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "up",
        "direction": -7.049492,
        "energy": 4.997417,
        "activity_lines": [
          72.485332,
          73.191272,
          73.395095,
          72.905183
        ]
      },
      {
        "date": "2026-03-06",
        "close": 66.489998,
        "volume": 22,
        "typical_volume": 24.45,
        "trend": 71.871667,
        "fair_value": 65.906795,
        "relative_strength": -17.07621,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -22.243259,
        "energy": 25.339566,
        "activity_lines": [
          69.885332,
          71.952908,
          72.77238,
          72.569548
        ]
      },
      {
        "date": "2026-03-13",
        "close": 65.379997,
        "volume": 0,
        "typical_volume": 24.45,
        "trend": 71.986666,
        "fair_value": 65.908077,
        "relative_strength": -15.897885,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -36.029951,
        "energy": 46.660801,
        "activity_lines": [
          67.603332,
          70.652544,
          72.050904,
          72.150731
        ]
      },
      {
        "date": "2026-03-20",
        "close": 65.949997,
        "volume": 0,
        "typical_volume": 24.45,
        "trend": 71.895,
        "fair_value": 65.924679,
        "relative_strength": -13.616483,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -60.725979,
        "energy": 63.987599,
        "activity_lines": [
          66.258664,
          69.559998,
          71.417285,
          71.761268
        ]
      },
      {
        "date": "2026-03-27",
        "close": 68.169998,
        "volume": 15,
        "typical_volume": 24.95,
        "trend": 71.836,
        "fair_value": 65.927244,
        "relative_strength": -11.578756,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.088922,
        "energy": 64.735595,
        "activity_lines": [
          66.426664,
          69.001453,
          71.035761,
          71.520945
        ]
      },
      {
        "date": "2026-04-03",
        "close": 70.419998,
        "volume": 0,
        "typical_volume": 24.95,
        "trend": 71.812333,
        "fair_value": 65.961474,
        "relative_strength": -11.338731,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.922258,
        "energy": 41.530216,
        "activity_lines": [
          67.991998,
          68.894725,
          70.87876,
          71.429591
        ]
      },
      {
        "date": "2026-04-10",
        "close": 67.449997,
        "volume": 0,
        "typical_volume": 24.95,
        "trend": 71.655666,
        "fair_value": 65.991218,
        "relative_strength": -19.759244,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.729369,
        "energy": 30.356723,
        "activity_lines": [
          68.047997,
          68.28818,
          70.450236,
          71.148149
        ]
      },
      {
        "date": "2026-04-17",
        "close": 74.410004,
        "volume": 0,
        "typical_volume": 24.95,
        "trend": 71.739,
        "fair_value": 66.092692,
        "relative_strength": -13.208378,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -19.731859,
        "energy": 13.565361,
        "activity_lines": [
          70.36,
          69.117272,
          70.687761,
          71.325849
        ]
      },
      {
        "date": "2026-04-24",
        "close": 77.82,
        "volume": 175,
        "typical_volume": 33.05,
        "trend": 71.927333,
        "fair_value": 66.233526,
        "relative_strength": -5.640807,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 14.633334,
        "energy": 19.923087,
        "activity_lines": [
          73.206667,
          70.605999,
          71.245999,
          71.718171
        ]
      },
      {
        "date": "2026-05-01",
        "close": 83.099998,
        "volume": 0,
        "typical_volume": 28.55,
        "trend": 72.381666,
        "fair_value": 66.396026,
        "relative_strength": 0.360367,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 49.498193,
        "energy": 50.648649,
        "activity_lines": [
          77.022,
          73.049635,
          72.295761,
          72.438988
        ]
      },
      {
        "date": "2026-05-08",
        "close": 91.93,
        "volume": 35,
        "typical_volume": 29.2,
        "trend": 73.056333,
        "fair_value": 66.608782,
        "relative_strength": 9.498664,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.717664,
        "energy": 87.080779,
        "activity_lines": [
          82.785333,
          77.003817,
          74.152046,
          73.700171
        ]
      },
      {
        "date": "2026-05-15",
        "close": 86.870003,
        "volume": 10,
        "typical_volume": 29.7,
        "trend": 73.687,
        "fair_value": 66.755449,
        "relative_strength": 4.216266,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.979267,
        "energy": 83.596012,
        "activity_lines": [
          85.428001,
          79.505273,
          75.453333,
          74.591376
        ]
      },
      {
        "date": "2026-05-22",
        "close": 93.290001,
        "volume": 0,
        "typical_volume": 29.7,
        "trend": 74.382333,
        "fair_value": 66.948461,
        "relative_strength": 9.715801,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.220139,
        "energy": 89.989217,
        "activity_lines": [
          88.916001,
          82.803455,
          77.305618,
          75.856086
        ]
      },
      {
        "date": "2026-05-29",
        "close": 87.389999,
        "volume": 0,
        "typical_volume": 28.65,
        "trend": 74.812333,
        "fair_value": 67.097372,
        "relative_strength": 0.234227,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.359385,
        "energy": 84.844952,
        "activity_lines": [
          89.178667,
          84.521455,
          78.49038,
          76.69529
        ]
      },
      {
        "date": "2026-06-05",
        "close": 88.709999,
        "volume": 0,
        "typical_volume": 28.65,
        "trend": 75.425333,
        "fair_value": 67.268397,
        "relative_strength": 3.012756,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.118767,
        "energy": 76.157623,
        "activity_lines": [
          89.243333,
          86.089636,
          79.732904,
          77.591913
        ]
      },
      {
        "date": "2026-06-12",
        "close": 81.169998,
        "volume": 0,
        "typical_volume": 26.65,
        "trend": 75.704333,
        "fair_value": 67.38282,
        "relative_strength": -8.083084,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.929526,
        "energy": 48.090178,
        "activity_lines": [
          86.420666,
          85.913454,
          80.170714,
          77.962537
        ]
      },
      {
        "date": "2026-06-19",
        "close": 75.260002,
        "volume": 69,
        "typical_volume": 30.1,
        "trend": 75.942333,
        "fair_value": 67.475705,
        "relative_strength": -17.820601,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 28.671878,
        "energy": 18.635531,
        "activity_lines": [
          82.345333,
          84.467273,
          80.005,
          77.93387
        ]
      },
      {
        "date": "2026-06-26",
        "close": 74.900002,
        "volume": 0,
        "typical_volume": 28.6,
        "trend": 75.987,
        "fair_value": 67.556474,
        "relative_strength": -16.279591,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 15.710778,
        "energy": 22.155104,
        "activity_lines": [
          78.924001,
          82.813637,
          79.812381,
          77.866623
        ]
      },
      {
        "date": "2026-07-03",
        "close": 76.739998,
        "volume": 90,
        "typical_volume": 33.1,
        "trend": 76.030333,
        "fair_value": 67.664295,
        "relative_strength": -15.913272,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 14.784652,
        "energy": 26.366543,
        "activity_lines": [
          77.342,
          81.485636,
          79.803047,
          77.915204
        ]
      },
      {
        "date": "2026-07-10",
        "close": 78.739998,
        "volume": 0,
        "typical_volume": 33.1,
        "trend": 76.125999,
        "fair_value": 67.762949,
        "relative_strength": -12.409246,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 15.277254,
        "energy": 24.90476,
        "activity_lines": [
          77.136666,
          80.540909,
          79.988,
          78.090021
        ]
      },
      {
        "date": "2026-07-17",
        "close": 78.82,
        "volume": 0,
        "typical_volume": 20.8,
        "trend": 76.200666,
        "fair_value": 67.85859,
        "relative_strength": -10.43189,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 7.323101,
        "energy": 16.69398,
        "activity_lines": [
          77.622666,
          79.69,
          80.176476,
          78.263827
        ]
      },
      {
        "date": "2026-07-24",
        "close": 76.720001,
        "volume": 0,
        "typical_volume": 19.7,
        "trend": 76.285333,
        "fair_value": 67.920705,
        "relative_strength": -13.782103,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 3.57217,
        "energy": 10.565696,
        "activity_lines": [
          77.565333,
          78.695636,
          80.087857,
          78.297333
        ]
      },
      {
        "date": "2026-07-31",
        "close": 81.220001,
        "volume": 0,
        "typical_volume": 19.7,
        "trend": 76.622333,
        "fair_value": 68.030833,
        "relative_strength": -8.591773,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 25.664352,
        "energy": 11.606263,
        "activity_lines": [
          78.910667,
          78.704,
          80.379095,
          78.615699
        ]
      },
      {
        "date": "2026-08-07",
        "close": 90.540001,
        "volume": 0,
        "typical_volume": 19.7,
        "trend": 77.202999,
        "fair_value": 68.222115,
        "relative_strength": -1.178314,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 58.746597,
        "energy": 37.650287,
        "activity_lines": [
          82.941334,
          80.626364,
          81.482524,
          79.513613
        ]
      }
    ],
    "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."
    }
  }
}