{
  "ticker": {
    "uuid": "324acac5-dd3e-493d-ab71-b308881a0df8",
    "symbol": "THRO",
    "name": "ISHARES U.S. THEMATIC ROTATION ACTIVE ETF",
    "exchange": "NYSEARCA",
    "country": "US",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "SPY",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 77.054,
    "architecture_energy": 49.607,
    "architecture_maturity": 38.273,
    "architecture_confidence": 74.718,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 30.76,
        "rotation_up": 50.83,
        "upward_expansion": 80.21,
        "deceleration": 65.38,
        "rotation_down": 27.27,
        "downward_expansion": 6.88
      },
      "activity_lines": [
        43.063333,
        42.847808,
        42.424611,
        41.437846
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 44.25,
    "trend_reference": 40.316409,
    "distance_from_trend": 0.097568,
    "trend_direction": "Improving",
    "fair_value": 33.175067,
    "distance_from_fair_value": 0.333833,
    "fair_value_direction": "Weakening",
    "relative_strength": 0.578867,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.144583,
    "excess_performance": 0.018958,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.097568,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.036739,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.333833,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.0054,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.005789,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.00096,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.144583,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.581408,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2981993,
      "relative_activity": 0.40231,
      "balance": 4.581408,
      "dry_up": 0.384209,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.029127,
      "annualized_volatility": 0.161382,
      "from_high_reference": -0.004051,
      "from_low_reference": 0.267672
    },
    "levels": {
      "trend_reference": 40.316409,
      "fair_value_reference": 33.175067,
      "structural_low": 34.906503,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 6,
        "median_return": 0.020525,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -5.9e-05,
        "regime_survival": 0.333333,
        "best_return": 0.070549,
        "worst_return": -0.01954,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.058438,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.001847,
        "regime_survival": 0.0,
        "best_return": 0.1457,
        "worst_return": -0.082806,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.164683,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.018233,
        "regime_survival": 0.0,
        "best_return": 0.191167,
        "worst_return": 0.060837,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.252775,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.023845,
        "regime_survival": 0.5,
        "best_return": 0.353609,
        "worst_return": 0.15194,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-08-30",
        "end": "2025-01-03",
        "tenure": "Established",
        "return": 0.073262,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-10",
        "end": "2025-01-24",
        "tenure": "New",
        "return": 0.04781,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-01-31",
        "end": "2025-02-28",
        "tenure": "Developing",
        "return": -0.024299,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-07",
        "end": "2025-03-14",
        "tenure": "New",
        "return": -0.026388,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-21",
        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.088346,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.11158,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-05-30",
        "tenure": "New",
        "return": 0.017927,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-06",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.028803,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-18",
        "end": "2026-02-13",
        "tenure": "Extended",
        "return": 0.058576,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-20",
        "end": "2026-03-13",
        "tenure": "New",
        "return": -0.038981,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-20",
        "end": "2026-03-27",
        "tenure": "New",
        "return": -0.026692,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-04-03",
        "end": "2026-04-24",
        "tenure": "New",
        "return": 0.099183,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-01",
        "end": "2026-07-17",
        "tenure": "Developing",
        "return": 0.035657,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.049324,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 23.28057,
        "volume": 189,
        "typical_volume": 1619.25,
        "trend": 22.51037,
        "fair_value": 21.707631,
        "relative_strength": -0.289635,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 49.283241,
        "energy": 43.524036,
        "activity_lines": [
          23.663638,
          23.743013,
          23.312781,
          22.933757
        ]
      },
      {
        "date": "2023-08-25",
        "close": 23.505054,
        "volume": 910,
        "typical_volume": 1559.1,
        "trend": 22.57055,
        "fair_value": 21.727827,
        "relative_strength": -0.144056,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 42.187345,
        "energy": 29.603902,
        "activity_lines": [
          23.557003,
          23.708523,
          23.372219,
          22.99793
        ]
      },
      {
        "date": "2023-09-01",
        "close": 24.287543,
        "volume": 1433,
        "typical_volume": 1577.75,
        "trend": 22.639031,
        "fair_value": 21.756268,
        "relative_strength": 0.56315,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 64.64827,
        "energy": 42.201067,
        "activity_lines": [
          23.758681,
          23.813687,
          23.497813,
          23.108704
        ]
      },
      {
        "date": "2023-09-08",
        "close": 23.938334,
        "volume": 923,
        "typical_volume": 1610.35,
        "trend": 22.70058,
        "fair_value": 21.780247,
        "relative_strength": 0.325747,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 59.079249,
        "energy": 40.741146,
        "activity_lines": [
          23.839758,
          23.832577,
          23.579361,
          23.19253
        ]
      },
      {
        "date": "2023-09-15",
        "close": 23.587645,
        "volume": 1332,
        "typical_volume": 1669.6,
        "trend": 22.749089,
        "fair_value": 21.799893,
        "relative_strength": -1.060469,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 54.569811,
        "energy": 40.524383,
        "activity_lines": [
          23.789658,
          23.786616,
          23.618346,
          23.24976
        ]
      },
      {
        "date": "2023-09-22",
        "close": 23.051744,
        "volume": 478,
        "typical_volume": 1657.35,
        "trend": 22.797408,
        "fair_value": 21.813353,
        "relative_strength": -0.461871,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 27.149646,
        "energy": 22.490468,
        "activity_lines": [
          23.566963,
          23.642011,
          23.598335,
          23.269286
        ]
      },
      {
        "date": "2023-09-29",
        "close": 23.014289,
        "volume": 358,
        "typical_volume": 1326.9,
        "trend": 22.822883,
        "fair_value": 21.826129,
        "relative_strength": 0.00382,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 1.582017,
        "energy": 13.265926,
        "activity_lines": [
          23.347038,
          23.508334,
          23.56859,
          23.283279
        ]
      },
      {
        "date": "2023-10-06",
        "close": 23.067949,
        "volume": 1181,
        "typical_volume": 1164.35,
        "trend": 22.885321,
        "fair_value": 21.839201,
        "relative_strength": -0.253565,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -0.368203,
        "energy": 21.124108,
        "activity_lines": [
          23.177717,
          23.406287,
          23.537813,
          23.299089
        ]
      },
      {
        "date": "2023-10-13",
        "close": 23.099375,
        "volume": 67,
        "typical_volume": 1054.65,
        "trend": 22.953483,
        "fair_value": 21.852328,
        "relative_strength": -0.594657,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -0.904653,
        "energy": 24.563937,
        "activity_lines": [
          23.100178,
          23.330983,
          23.505314,
          23.312899
        ]
      },
      {
        "date": "2023-10-20",
        "close": 22.601313,
        "volume": 126,
        "typical_volume": 1048.55,
        "trend": 22.997049,
        "fair_value": 21.860049,
        "relative_strength": -0.366915,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -38.272594,
        "energy": 50.510237,
        "activity_lines": [
          22.912549,
          23.176481,
          23.421107,
          23.290179
        ]
      },
      {
        "date": "2023-10-27",
        "close": 22.019352,
        "volume": 251,
        "typical_volume": 985.15,
        "trend": 22.993055,
        "fair_value": 21.861675,
        "relative_strength": -0.45271,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -50.36369,
        "energy": 66.442817,
        "activity_lines": [
          22.596688,
          22.935748,
          23.281228,
          23.227101
        ]
      },
      {
        "date": "2023-11-03",
        "close": 23.268953,
        "volume": 730,
        "typical_volume": 1006.4,
        "trend": 23.043759,
        "fair_value": 21.87589,
        "relative_strength": -0.609282,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -22.167552,
        "energy": 35.626015,
        "activity_lines": [
          22.766187,
          22.945147,
          23.263413,
          23.244901
        ]
      },
      {
        "date": "2023-11-10",
        "close": 23.688747,
        "volume": 200,
        "typical_volume": 824.35,
        "trend": 23.099305,
        "fair_value": 21.894018,
        "relative_strength": -0.160961,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 2.261989,
        "energy": 12.190324,
        "activity_lines": [
          23.05864,
          23.035165,
          23.286018,
          23.286513
        ]
      },
      {
        "date": "2023-11-17",
        "close": 24.195802,
        "volume": 613,
        "typical_volume": 778.95,
        "trend": 23.172039,
        "fair_value": 21.916808,
        "relative_strength": -0.305357,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 45.038799,
        "energy": 27.737936,
        "activity_lines": [
          23.478725,
          23.228261,
          23.353799,
          23.357255
        ]
      },
      {
        "date": "2023-11-24",
        "close": 24.441966,
        "volume": 1282,
        "typical_volume": 831.9,
        "trend": 23.256228,
        "fair_value": 21.941565,
        "relative_strength": -0.264121,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 75.576312,
        "energy": 54.899721,
        "activity_lines": [
          23.907769,
          23.461434,
          23.443513,
          23.439186
        ]
      },
      {
        "date": "2023-12-01",
        "close": 24.528435,
        "volume": 3079,
        "typical_volume": 979.35,
        "trend": 23.348613,
        "fair_value": 21.96668,
        "relative_strength": -0.718999,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.501974,
        "energy": 78.725604,
        "activity_lines": [
          24.242926,
          23.694795,
          23.537077,
          23.521264
        ]
      },
      {
        "date": "2023-12-08",
        "close": 24.476159,
        "volume": 2786,
        "typical_volume": 1092.0,
        "trend": 23.440342,
        "fair_value": 21.99081,
        "relative_strength": -1.141118,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.360897,
        "energy": 81.817917,
        "activity_lines": [
          24.393386,
          23.891803,
          23.623276,
          23.594009
        ]
      },
      {
        "date": "2023-12-15",
        "close": 25.143897,
        "volume": 788,
        "typical_volume": 858.05,
        "trend": 23.542543,
        "fair_value": 22.020839,
        "relative_strength": -0.799507,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 86.744943,
        "energy": 90.342642,
        "activity_lines": [
          24.685944,
          24.183637,
          23.771837,
          23.703915
        ]
      },
      {
        "date": "2023-12-22",
        "close": 25.335873,
        "volume": 1204,
        "typical_volume": 909.3,
        "trend": 23.647007,
        "fair_value": 22.052113,
        "relative_strength": -0.930032,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 85.884406,
        "energy": 93.612752,
        "activity_lines": [
          24.945484,
          24.472633,
          23.934304,
          23.819614
        ]
      },
      {
        "date": "2023-12-29",
        "close": 25.346265,
        "volume": 1769,
        "typical_volume": 984.95,
        "trend": 23.740235,
        "fair_value": 22.082899,
        "relative_strength": -1.208538,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.633642,
        "energy": 91.285988,
        "activity_lines": [
          25.132484,
          24.722854,
          24.090085,
          23.929244
        ]
      },
      {
        "date": "2024-01-05",
        "close": 24.747797,
        "volume": 789,
        "typical_volume": 1014.95,
        "trend": 23.809798,
        "fair_value": 22.107574,
        "relative_strength": -1.976338,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.374,
        "energy": 83.046606,
        "activity_lines": [
          25.059708,
          24.814354,
          24.180926,
          23.994248
        ]
      },
      {
        "date": "2024-01-12",
        "close": 25.593293,
        "volume": 1661,
        "typical_volume": 1052.5,
        "trend": 23.884205,
        "fair_value": 22.139553,
        "relative_strength": -0.473854,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.225352,
        "energy": 80.52235,
        "activity_lines": [
          25.254139,
          25.009973,
          24.345304,
          24.109312
        ]
      },
      {
        "date": "2024-01-19",
        "close": 26.07943,
        "volume": 1225,
        "typical_volume": 1042.1,
        "trend": 23.985701,
        "fair_value": 22.175371,
        "relative_strength": 0.212983,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 87.887101,
        "energy": 81.649133,
        "activity_lines": [
          25.536141,
          25.251719,
          24.546037,
          24.250939
        ]
      },
      {
        "date": "2024-01-26",
        "close": 26.436512,
        "volume": 536,
        "typical_volume": 1022.75,
        "trend": 24.07097,
        "fair_value": 22.213759,
        "relative_strength": 0.549684,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 89.506994,
        "energy": 89.421973,
        "activity_lines": [
          25.874801,
          25.514923,
          24.772245,
          24.409056
        ]
      },
      {
        "date": "2024-02-02",
        "close": 27.147211,
        "volume": 2045,
        "typical_volume": 1058.4,
        "trend": 24.191835,
        "fair_value": 22.257808,
        "relative_strength": 1.797036,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 94.723396,
        "energy": 97.810575,
        "activity_lines": [
          26.376985,
          25.866605,
          25.054242,
          24.607523
        ]
      },
      {
        "date": "2024-02-09",
        "close": 27.684714,
        "volume": 1343,
        "typical_volume": 1101.65,
        "trend": 24.313748,
        "fair_value": 22.305834,
        "relative_strength": 2.384016,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 94.162931,
        "energy": 97.825374,
        "activity_lines": [
          26.938274,
          26.266828,
          25.37048,
          24.83287
        ]
      },
      {
        "date": "2024-02-16",
        "close": 27.493307,
        "volume": 922,
        "typical_volume": 1129.85,
        "trend": 24.422949,
        "fair_value": 22.351338,
        "relative_strength": 2.025102,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.198454,
        "energy": 93.675016,
        "activity_lines": [
          27.239965,
          26.574863,
          25.646427,
          25.038003
        ]
      },
      {
        "date": "2024-02-23",
        "close": 27.998447,
        "volume": 1010,
        "typical_volume": 1121.3,
        "trend": 24.548744,
        "fair_value": 22.400443,
        "relative_strength": 2.200718,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.055372,
        "energy": 95.28934,
        "activity_lines": [
          27.583369,
          26.919884,
          25.949153,
          25.26868
        ]
      },
      {
        "date": "2024-03-01",
        "close": 28.449748,
        "volume": 5025,
        "typical_volume": 1369.2,
        "trend": 24.706265,
        "fair_value": 22.452592,
        "relative_strength": 2.850914,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.881362,
        "energy": 93.514077,
        "activity_lines": [
          27.949273,
          27.295059,
          26.271382,
          25.520358
        ]
      },
      {
        "date": "2024-03-08",
        "close": 28.316436,
        "volume": 2204,
        "typical_volume": 1473.1,
        "trend": 24.860872,
        "fair_value": 22.502711,
        "relative_strength": 2.610631,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.536835,
        "energy": 71.823037,
        "activity_lines": [
          28.136523,
          27.58938,
          26.555437,
          25.753272
        ]
      },
      {
        "date": "2024-03-15",
        "close": 28.203017,
        "volume": 2160,
        "typical_volume": 1568.55,
        "trend": 25.024954,
        "fair_value": 22.551018,
        "relative_strength": 2.2388,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.460619,
        "energy": 68.556639,
        "activity_lines": [
          28.208018,
          27.809075,
          26.801475,
          25.968895
        ]
      },
      {
        "date": "2024-03-22",
        "close": 29.097813,
        "volume": 1743,
        "typical_volume": 1619.2,
        "trend": 25.211379,
        "fair_value": 22.606033,
        "relative_strength": 3.13413,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.686868,
        "energy": 75.103742,
        "activity_lines": [
          28.543226,
          28.128639,
          27.103286,
          26.23166
        ]
      },
      {
        "date": "2024-03-29",
        "close": 29.036821,
        "volume": 6671,
        "typical_volume": 1942.75,
        "trend": 25.369688,
        "fair_value": 22.659623,
        "relative_strength": 2.528447,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.284935,
        "energy": 71.854408,
        "activity_lines": [
          28.751135,
          28.373395,
          27.371531,
          26.478462
        ]
      },
      {
        "date": "2024-04-05",
        "close": 28.849391,
        "volume": 849,
        "typical_volume": 1954.55,
        "trend": 25.53339,
        "fair_value": 22.710778,
        "relative_strength": 2.715424,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.937821,
        "energy": 67.902112,
        "activity_lines": [
          28.827343,
          28.530302,
          27.596459,
          26.702959
        ]
      },
      {
        "date": "2024-04-12",
        "close": 28.457897,
        "volume": 2102,
        "typical_volume": 1995.55,
        "trend": 25.695732,
        "fair_value": 22.757886,
        "relative_strength": 2.76891,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.490249,
        "energy": 66.650656,
        "activity_lines": [
          28.74641,
          28.572158,
          27.761942,
          26.891637
        ]
      },
      {
        "date": "2024-04-19",
        "close": 27.20856,
        "volume": 390,
        "typical_volume": 1861.1,
        "trend": 25.834292,
        "fair_value": 22.79407,
        "relative_strength": 1.343156,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.498134,
        "energy": 52.515762,
        "activity_lines": [
          28.239601,
          28.363031,
          27.789317,
          26.989239
        ]
      },
      {
        "date": "2024-04-26",
        "close": 28.195811,
        "volume": 1887,
        "typical_volume": 1816.15,
        "trend": 26.00701,
        "fair_value": 22.837633,
        "relative_strength": 2.240453,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 46.280904,
        "energy": 38.227142,
        "activity_lines": [
          28.128173,
          28.342061,
          27.897953,
          27.141595
        ]
      },
      {
        "date": "2024-05-03",
        "close": 28.318091,
        "volume": 1084,
        "typical_volume": 1830.95,
        "trend": 26.182014,
        "fair_value": 22.881476,
        "relative_strength": 2.006994,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.555735,
        "energy": 29.546684,
        "activity_lines": [
          28.117638,
          28.330552,
          28.000523,
          27.290697
        ]
      },
      {
        "date": "2024-05-10",
        "close": 28.994345,
        "volume": 3749,
        "typical_volume": 1958.2,
        "trend": 26.378513,
        "fair_value": 22.929991,
        "relative_strength": 2.451082,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 61.748334,
        "energy": 39.958995,
        "activity_lines": [
          28.380436,
          28.436186,
          28.152382,
          27.472138
        ]
      },
      {
        "date": "2024-05-17",
        "close": 29.264252,
        "volume": 982,
        "typical_volume": 1918.85,
        "trend": 26.600611,
        "fair_value": 22.979867,
        "relative_strength": 1.659703,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 76.294814,
        "energy": 58.173502,
        "activity_lines": [
          28.72354,
          28.580992,
          28.312526,
          27.658315
        ]
      },
      {
        "date": "2024-05-24",
        "close": 29.722679,
        "volume": 804,
        "typical_volume": 1919.6,
        "trend": 26.857389,
        "fair_value": 23.032545,
        "relative_strength": 3.162556,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.513186,
        "energy": 77.006317,
        "activity_lines": [
          29.165695,
          28.791915,
          28.497672,
          27.859738
        ]
      },
      {
        "date": "2024-05-31",
        "close": 29.598121,
        "volume": 389,
        "typical_volume": 1856.0,
        "trend": 27.068361,
        "fair_value": 23.083441,
        "relative_strength": 3.036576,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.982082,
        "energy": 84.379749,
        "activity_lines": [
          29.398724,
          28.952562,
          28.647265,
          28.03656
        ]
      },
      {
        "date": "2024-06-07",
        "close": 29.99823,
        "volume": 6430,
        "typical_volume": 2116.25,
        "trend": 27.278677,
        "fair_value": 23.136632,
        "relative_strength": 3.032878,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.851937,
        "energy": 89.514566,
        "activity_lines": [
          29.671635,
          29.176859,
          28.815894,
          28.225583
        ]
      },
      {
        "date": "2024-06-14",
        "close": 30.831429,
        "volume": 3877,
        "typical_volume": 2283.3,
        "trend": 27.499865,
        "fair_value": 23.195371,
        "relative_strength": 4.070914,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 89.963715,
        "energy": 94.178088,
        "activity_lines": [
          30.110269,
          29.535166,
          29.045214,
          28.454793
        ]
      },
      {
        "date": "2024-06-21",
        "close": 30.969813,
        "volume": 4426,
        "typical_volume": 2402.35,
        "trend": 27.71746,
        "fair_value": 23.254268,
        "relative_strength": 3.762591,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 85.961477,
        "energy": 92.568758,
        "activity_lines": [
          30.472559,
          29.882597,
          29.266785,
          28.678661
        ]
      },
      {
        "date": "2024-06-28",
        "close": 30.756244,
        "volume": 2690,
        "typical_volume": 2469.7,
        "trend": 27.925053,
        "fair_value": 23.310674,
        "relative_strength": 3.033663,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.36287,
        "energy": 87.193851,
        "activity_lines": [
          30.649956,
          30.145526,
          29.449813,
          28.874711
        ]
      },
      {
        "date": "2024-07-05",
        "close": 31.28264,
        "volume": 17779,
        "typical_volume": 3312.55,
        "trend": 28.151936,
        "fair_value": 23.370166,
        "relative_strength": 2.755743,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.932503,
        "energy": 90.3129,
        "activity_lines": [
          30.933914,
          30.439661,
          29.668348,
          29.09133
        ]
      },
      {
        "date": "2024-07-12",
        "close": 31.589721,
        "volume": 71415,
        "typical_volume": 6832.8,
        "trend": 28.366797,
        "fair_value": 23.431052,
        "relative_strength": 2.694675,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.864134,
        "energy": 88.675345,
        "activity_lines": [
          31.20793,
          30.733504,
          29.898085,
          29.313123
        ]
      },
      {
        "date": "2024-07-19",
        "close": 30.668775,
        "volume": 6082,
        "typical_volume": 6885.65,
        "trend": 28.54456,
        "fair_value": 23.48427,
        "relative_strength": 1.643167,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.25411,
        "energy": 66.028063,
        "activity_lines": [
          31.068865,
          30.800418,
          30.023011,
          29.461637
        ]
      },
      {
        "date": "2024-07-26",
        "close": 30.36734,
        "volume": 729,
        "typical_volume": 6811.9,
        "trend": 28.71193,
        "fair_value": 23.534512,
        "relative_strength": 1.413767,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.079464,
        "energy": 59.123676,
        "activity_lines": [
          30.840166,
          30.782081,
          30.108662,
          29.579236
        ]
      },
      {
        "date": "2024-08-02",
        "close": 29.718805,
        "volume": 2500,
        "typical_volume": 6828.9,
        "trend": 28.87763,
        "fair_value": 23.579326,
        "relative_strength": 1.328974,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 46.528077,
        "energy": 36.819768,
        "activity_lines": [
          30.435453,
          30.625773,
          30.122781,
          29.644196
        ]
      },
      {
        "date": "2024-08-09",
        "close": 29.915634,
        "volume": 13275,
        "typical_volume": 7405.5,
        "trend": 29.021708,
        "fair_value": 23.624911,
        "relative_strength": 1.902785,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.406127,
        "energy": 29.021013,
        "activity_lines": [
          30.165512,
          30.505323,
          30.148428,
          29.711164
        ]
      },
      {
        "date": "2024-08-16",
        "close": 31.226474,
        "volume": 4318,
        "typical_volume": 7287.85,
        "trend": 29.193276,
        "fair_value": 23.679207,
        "relative_strength": 2.196547,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 55.22531,
        "energy": 29.983092,
        "activity_lines": [
          30.423652,
          30.617434,
          30.295023,
          29.853407
        ]
      },
      {
        "date": "2024-08-23",
        "close": 31.816664,
        "volume": 10948,
        "typical_volume": 7792.8,
        "trend": 29.372614,
        "fair_value": 23.73692,
        "relative_strength": 2.592748,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 76.16542,
        "energy": 45.617624,
        "activity_lines": [
          30.902738,
          30.814521,
          30.487399,
          30.022658
        ]
      },
      {
        "date": "2024-08-30",
        "close": 31.627858,
        "volume": 9731,
        "typical_volume": 8174.25,
        "trend": 29.521969,
        "fair_value": 23.79249,
        "relative_strength": 1.649562,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.2939,
        "energy": 54.569783,
        "activity_lines": [
          31.242363,
          30.959366,
          30.647664,
          30.168157
        ]
      },
      {
        "date": "2024-09-06",
        "close": 30.110185,
        "volume": 1776,
        "typical_volume": 8243.55,
        "trend": 29.602818,
        "fair_value": 23.83667,
        "relative_strength": 0.904767,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 52.428247,
        "energy": 42.772642,
        "activity_lines": [
          30.992062,
          30.816305,
          30.648294,
          30.206107
        ]
      },
      {
        "date": "2024-09-13",
        "close": 31.575456,
        "volume": 3845,
        "typical_volume": 8341.45,
        "trend": 29.73889,
        "fair_value": 23.890411,
        "relative_strength": 1.653021,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.183186,
        "energy": 47.141789,
        "activity_lines": [
          31.204093,
          30.951405,
          30.774656,
          30.333373
        ]
      },
      {
        "date": "2024-09-20",
        "close": 32.0548,
        "volume": 1715,
        "typical_volume": 8373.0,
        "trend": 29.874102,
        "fair_value": 23.946717,
        "relative_strength": 1.675427,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.510057,
        "energy": 48.83718,
        "activity_lines": [
          31.465251,
          31.168334,
          30.930576,
          30.482787
        ]
      },
      {
        "date": "2024-09-27",
        "close": 32.326233,
        "volume": 3617,
        "typical_volume": 8366.4,
        "trend": 30.003318,
        "fair_value": 24.004111,
        "relative_strength": 1.88802,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.843702,
        "energy": 50.41702,
        "activity_lines": [
          31.761664,
          31.426158,
          31.094553,
          30.640989
        ]
      },
      {
        "date": "2024-10-04",
        "close": 32.394257,
        "volume": 21739,
        "typical_volume": 9404.25,
        "trend": 30.139245,
        "fair_value": 24.061187,
        "relative_strength": 1.759172,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.419463,
        "energy": 71.801085,
        "activity_lines": [
          32.046781,
          31.666215,
          31.249143,
          30.795243
        ]
      },
      {
        "date": "2024-10-11",
        "close": 32.942516,
        "volume": 3852,
        "typical_volume": 9556.65,
        "trend": 30.297228,
        "fair_value": 24.121196,
        "relative_strength": 2.211727,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.586978,
        "energy": 78.830927,
        "activity_lines": [
          32.463558,
          31.969102,
          31.441042,
          30.976099
        ]
      },
      {
        "date": "2024-10-18",
        "close": 33.270935,
        "volume": 10207,
        "typical_volume": 10047.55,
        "trend": 30.436333,
        "fair_value": 24.182604,
        "relative_strength": 2.256732,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.91052,
        "energy": 85.085279,
        "activity_lines": [
          32.800985,
          32.273089,
          31.648888,
          31.167951
        ]
      },
      {
        "date": "2024-10-25",
        "close": 32.83919,
        "volume": 1249,
        "typical_volume": 9788.5,
        "trend": 30.563078,
        "fair_value": 24.240314,
        "relative_strength": 1.813828,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.21115,
        "energy": 79.657702,
        "activity_lines": [
          32.881466,
          32.437571,
          31.798125,
          31.322974
        ]
      },
      {
        "date": "2024-11-01",
        "close": 32.385828,
        "volume": 2649,
        "typical_volume": 9727.1,
        "trend": 30.680959,
        "fair_value": 24.294258,
        "relative_strength": 1.728584,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.634504,
        "energy": 66.924421,
        "activity_lines": [
          32.758533,
          32.490302,
          31.890656,
          31.440571
        ]
      },
      {
        "date": "2024-11-08",
        "close": 34.274341,
        "volume": 14709,
        "typical_volume": 10241.25,
        "trend": 30.874841,
        "fair_value": 24.359916,
        "relative_strength": 2.674974,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 86.314137,
        "energy": 75.850294,
        "activity_lines": [
          33.261132,
          32.87605,
          32.155644,
          31.672402
        ]
      },
      {
        "date": "2024-11-15",
        "close": 33.411842,
        "volume": 10133,
        "typical_volume": 10613.4,
        "trend": 31.081617,
        "fair_value": 24.419079,
        "relative_strength": 2.124034,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.287233,
        "energy": 57.658602,
        "activity_lines": [
          33.350892,
          33.056862,
          32.322753,
          31.83608
        ]
      },
      {
        "date": "2024-11-22",
        "close": 34.22476,
        "volume": 9856,
        "typical_volume": 10217.25,
        "trend": 31.282582,
        "fair_value": 24.482753,
        "relative_strength": 2.785973,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.75429,
        "energy": 66.222875,
        "activity_lines": [
          33.680336,
          33.325448,
          32.554638,
          32.038863
        ]
      },
      {
        "date": "2024-11-29",
        "close": 34.538604,
        "volume": 3642,
        "typical_volume": 6828.6,
        "trend": 31.489932,
        "fair_value": 24.547629,
        "relative_strength": 2.404982,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.038039,
        "energy": 85.698971,
        "activity_lines": [
          34.050806,
          33.602926,
          32.802402,
          32.248929
        ]
      },
      {
        "date": "2024-12-06",
        "close": 34.982545,
        "volume": 20014,
        "typical_volume": 7525.2,
        "trend": 31.689539,
        "fair_value": 24.61452,
        "relative_strength": 2.694929,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.778286,
        "energy": 90.581268,
        "activity_lines": [
          34.455963,
          33.915962,
          33.078404,
          32.474259
        ]
      },
      {
        "date": "2024-12-13",
        "close": 34.626856,
        "volume": 154252,
        "typical_volume": 15201.35,
        "trend": 31.868292,
        "fair_value": 24.682424,
        "relative_strength": 2.143268,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.206246,
        "energy": 87.916898,
        "activity_lines": [
          34.569442,
          34.11603,
          33.299989,
          32.663763
        ]
      },
      {
        "date": "2024-12-20",
        "close": 33.890617,
        "volume": 26612,
        "typical_volume": 16406.95,
        "trend": 32.007224,
        "fair_value": 24.741546,
        "relative_strength": 1.731893,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.485856,
        "energy": 72.765632,
        "activity_lines": [
          34.414007,
          34.141644,
          33.431172,
          32.794236
        ]
      },
      {
        "date": "2024-12-27",
        "close": 33.98242,
        "volume": 9846,
        "typical_volume": 16235.5,
        "trend": 32.153367,
        "fair_value": 24.800406,
        "relative_strength": 1.238507,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.757643,
        "energy": 54.920831,
        "activity_lines": [
          34.257255,
          34.16671,
          33.551233,
          32.921668
        ]
      },
      {
        "date": "2025-01-03",
        "close": 33.944984,
        "volume": 23966,
        "typical_volume": 17217.9,
        "trend": 32.284926,
        "fair_value": 24.863864,
        "relative_strength": 1.519013,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 47.763447,
        "energy": 39.214235,
        "activity_lines": [
          34.104181,
          34.172035,
          33.648363,
          33.037256
        ]
      },
      {
        "date": "2025-01-10",
        "close": 33.514915,
        "volume": 29234,
        "typical_volume": 18132.2,
        "trend": 32.374375,
        "fair_value": 24.925253,
        "relative_strength": 2.094927,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.184008,
        "energy": 25.613711,
        "activity_lines": [
          33.847324,
          34.079059,
          33.691589,
          33.11661
        ]
      },
      {
        "date": "2025-01-17",
        "close": 34.423404,
        "volume": 7497,
        "typical_volume": 18020.5,
        "trend": 32.489495,
        "fair_value": 25.002278,
        "relative_strength": 1.764744,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 48.744801,
        "energy": 29.680401,
        "activity_lines": [
          33.991139,
          34.130735,
          33.813251,
          33.248806
        ]
      },
      {
        "date": "2025-01-24",
        "close": 35.117257,
        "volume": 31292,
        "typical_volume": 19496.3,
        "trend": 32.634862,
        "fair_value": 25.081455,
        "relative_strength": 1.943849,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 71.090858,
        "energy": 44.071696,
        "activity_lines": [
          34.379802,
          34.305855,
          33.987681,
          33.418339
        ]
      },
      {
        "date": "2025-01-31",
        "close": 34.503257,
        "volume": 21902,
        "typical_volume": 20399.15,
        "trend": 32.742216,
        "fair_value": 25.152995,
        "relative_strength": 1.126198,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.714426,
        "energy": 39.993962,
        "activity_lines": [
          34.482023,
          34.338332,
          34.079793,
          33.53888
        ]
      },
      {
        "date": "2025-02-07",
        "close": 34.672733,
        "volume": 32415,
        "typical_volume": 21934.15,
        "trend": 32.844983,
        "fair_value": 25.229591,
        "relative_strength": 1.739481,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.605299,
        "energy": 46.584658,
        "activity_lines": [
          34.606012,
          34.396559,
          34.174103,
          33.66343
        ]
      },
      {
        "date": "2025-02-14",
        "close": 35.029928,
        "volume": 18410,
        "typical_volume": 22673.8,
        "trend": 32.990355,
        "fair_value": 25.310962,
        "relative_strength": 1.223484,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.627974,
        "energy": 57.824589,
        "activity_lines": [
          34.800551,
          34.517291,
          34.289965,
          33.804394
        ]
      },
      {
        "date": "2025-02-21",
        "close": 34.022444,
        "volume": 11985,
        "typical_volume": 22186.1,
        "trend": 33.112191,
        "fair_value": 25.384022,
        "relative_strength": -0.117902,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.045791,
        "energy": 35.658001,
        "activity_lines": [
          34.55826,
          34.453983,
          34.297002,
          33.87098
        ]
      },
      {
        "date": "2025-02-28",
        "close": 33.664851,
        "volume": 11622575,
        "typical_volume": 603122.25,
        "trend": 33.243726,
        "fair_value": 25.456693,
        "relative_strength": -0.225609,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 29.594506,
        "energy": 16.982306,
        "activity_lines": [
          34.223503,
          34.336648,
          34.262228,
          33.906636
        ]
      },
      {
        "date": "2025-03-07",
        "close": 32.489487,
        "volume": 3497649,
        "typical_volume": 777494.35,
        "trend": 33.329521,
        "fair_value": 25.525453,
        "relative_strength": -0.668506,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": -9.548941,
        "energy": 16.970596,
        "activity_lines": [
          33.593784,
          34.009715,
          34.112076,
          33.857975
        ]
      },
      {
        "date": "2025-03-14",
        "close": 31.632139,
        "volume": 1789276,
        "typical_volume": 866895.7,
        "trend": 33.343044,
        "fair_value": 25.580301,
        "relative_strength": -1.048727,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -40.374994,
        "energy": 41.399426,
        "activity_lines": [
          32.812534,
          33.554044,
          33.883993,
          33.748467
        ]
      },
      {
        "date": "2025-03-21",
        "close": 31.82649,
        "volume": 973933,
        "typical_volume": 915459.9,
        "trend": 33.343371,
        "fair_value": 25.633885,
        "relative_strength": -0.941614,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -36.458942,
        "energy": 62.381535,
        "activity_lines": [
          32.298774,
          33.175762,
          33.680167,
          33.650625
        ]
      },
      {
        "date": "2025-03-28",
        "close": 31.427662,
        "volume": 390957,
        "typical_volume": 934272.3,
        "trend": 33.336698,
        "fair_value": 25.68618,
        "relative_strength": -0.729781,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -48.421525,
        "energy": 72.628368,
        "activity_lines": [
          31.865634,
          32.755665,
          33.441021,
          33.52703
        ]
      },
      {
        "date": "2025-04-04",
        "close": 29.014751,
        "volume": 1743977,
        "typical_volume": 1020964.5,
        "trend": 33.300183,
        "fair_value": 25.726417,
        "relative_strength": 0.750239,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -92.715564,
        "energy": 92.410866,
        "activity_lines": [
          30.801176,
          31.951324,
          32.98563,
          33.248195
        ]
      },
      {
        "date": "2025-04-11",
        "close": 30.739683,
        "volume": 810067,
        "typical_volume": 1060975.05,
        "trend": 33.272324,
        "fair_value": 25.781193,
        "relative_strength": 0.971013,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.740396,
        "energy": 77.208364,
        "activity_lines": [
          30.621702,
          31.571562,
          32.715456,
          33.083002
        ]
      },
      {
        "date": "2025-04-18",
        "close": 30.350826,
        "volume": 463450,
        "typical_volume": 1083965.45,
        "trend": 33.215525,
        "fair_value": 25.837525,
        "relative_strength": 1.051297,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.027209,
        "energy": 72.062443,
        "activity_lines": [
          30.429262,
          31.189527,
          32.424844,
          32.894518
        ]
      },
      {
        "date": "2025-04-25",
        "close": 31.656988,
        "volume": 580087,
        "typical_volume": 1111969.1,
        "trend": 33.193217,
        "fair_value": 25.905135,
        "relative_strength": 0.717596,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.01676,
        "energy": 50.993043,
        "activity_lines": [
          30.75763,
          31.123557,
          32.278571,
          32.793967
        ]
      },
      {
        "date": "2025-05-02",
        "close": 32.564322,
        "volume": 509453,
        "typical_volume": 1129729.15,
        "trend": 33.198886,
        "fair_value": 25.978515,
        "relative_strength": 0.611169,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -44.220318,
        "energy": 29.763733,
        "activity_lines": [
          31.399744,
          31.283882,
          32.234546,
          32.753393
        ]
      },
      {
        "date": "2025-05-09",
        "close": 32.414762,
        "volume": 545661,
        "typical_volume": 1155681.6,
        "trend": 33.181294,
        "fair_value": 26.054344,
        "relative_strength": 0.542545,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -36.943321,
        "energy": 21.334063,
        "activity_lines": [
          31.916226,
          31.443526,
          32.186098,
          32.702805
        ]
      },
      {
        "date": "2025-05-16",
        "close": 34.169606,
        "volume": 1131885,
        "typical_volume": 1211783.55,
        "trend": 33.21125,
        "fair_value": 26.146504,
        "relative_strength": 0.607759,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -5.327277,
        "energy": 18.557581,
        "activity_lines": [
          32.79099,
          31.944962,
          32.311807,
          32.766567
        ]
      },
      {
        "date": "2025-05-23",
        "close": 33.371949,
        "volume": 110338534,
        "typical_volume": 6727511.95,
        "trend": 33.229008,
        "fair_value": 26.224324,
        "relative_strength": 0.793286,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -14.102872,
        "energy": 24.262561,
        "activity_lines": [
          33.171206,
          32.270821,
          32.360657,
          32.776934
        ]
      },
      {
        "date": "2025-05-30",
        "close": 33.970192,
        "volume": 8306132,
        "typical_volume": 7141356.85,
        "trend": 33.281821,
        "fair_value": 26.306562,
        "relative_strength": 0.78352,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 22.431194,
        "energy": 28.993326,
        "activity_lines": [
          33.549428,
          32.673819,
          32.469211,
          32.824753
        ]
      },
      {
        "date": "2025-06-06",
        "close": 34.558463,
        "volume": 4980361,
        "typical_volume": 7390000.05,
        "trend": 33.291291,
        "fair_value": 26.399187,
        "relative_strength": 0.833488,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 30.591594,
        "energy": 37.670821,
        "activity_lines": [
          33.969527,
          33.144799,
          32.631623,
          32.907117
        ]
      },
      {
        "date": "2025-06-13",
        "close": 34.099811,
        "volume": 4985453,
        "typical_volume": 7637708.1,
        "trend": 33.314224,
        "fair_value": 26.497041,
        "relative_strength": -0.134496,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 22.067845,
        "energy": 44.908329,
        "activity_lines": [
          34.103799,
          33.475463,
          32.749711,
          32.959279
        ]
      },
      {
        "date": "2025-06-20",
        "close": 34.057897,
        "volume": 2936516,
        "typical_volume": 7783438.8,
        "trend": 33.308661,
        "fair_value": 26.588123,
        "relative_strength": -0.087621,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 21.822191,
        "energy": 40.636691,
        "activity_lines": [
          34.111763,
          33.706052,
          32.868652,
          33.007258
        ]
      },
      {
        "date": "2025-06-27",
        "close": 35.309512,
        "volume": 3234182,
        "typical_volume": 7943527.15,
        "trend": 33.334358,
        "fair_value": 26.691115,
        "relative_strength": 0.102008,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 35.196864,
        "energy": 47.225616,
        "activity_lines": [
          34.54438,
          34.103876,
          33.108915,
          33.136345
        ]
      },
      {
        "date": "2025-07-04",
        "close": 35.773258,
        "volume": 2500682,
        "typical_volume": 8067640.75,
        "trend": 33.360715,
        "fair_value": 26.793404,
        "relative_strength": -0.278266,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 48.341294,
        "energy": 60.78783,
        "activity_lines": [
          35.002408,
          34.495859,
          33.390312,
          33.293694
        ]
      },
      {
        "date": "2025-07-11",
        "close": 35.553851,
        "volume": 3478571,
        "typical_volume": 8240970.05,
        "trend": 33.391615,
        "fair_value": 26.895439,
        "relative_strength": -0.613199,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 70.73695,
        "energy": 79.055662,
        "activity_lines": [
          35.267095,
          34.773109,
          33.647274,
          33.435186
        ]
      },
      {
        "date": "2025-07-18",
        "close": 35.823123,
        "volume": 3747080,
        "typical_volume": 7847195.3,
        "trend": 33.456032,
        "fair_value": 26.995599,
        "relative_strength": -0.509809,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.563491,
        "energy": 83.55265,
        "activity_lines": [
          35.555181,
          35.044962,
          33.922588,
          33.592058
        ]
      },
      {
        "date": "2025-07-25",
        "close": 36.24199,
        "volume": 3961683,
        "typical_volume": 7870397.0,
        "trend": 33.531351,
        "fair_value": 27.091571,
        "relative_strength": -0.864355,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.172553,
        "energy": 89.480346,
        "activity_lines": [
          35.868002,
          35.331003,
          34.227517,
          33.771797
        ]
      },
      {
        "date": "2025-08-01",
        "close": 35.424202,
        "volume": 4593005,
        "typical_volume": 8010583.45,
        "trend": 33.580658,
        "fair_value": 27.181648,
        "relative_strength": -0.721449,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.180505,
        "energy": 81.784388,
        "activity_lines": [
          35.76262,
          35.430675,
          34.436692,
          33.893916
        ]
      },
      {
        "date": "2025-08-08",
        "close": 36.391586,
        "volume": 4955891,
        "typical_volume": 8209681.35,
        "trend": 33.676547,
        "fair_value": 27.273111,
        "relative_strength": -0.494497,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.963914,
        "energy": 80.224311,
        "activity_lines": [
          35.972054,
          35.668921,
          34.719941,
          34.075266
        ]
      },
      {
        "date": "2025-08-15",
        "close": 36.5711,
        "volume": 10118496,
        "typical_volume": 8696058.3,
        "trend": 33.748137,
        "fair_value": 27.36735,
        "relative_strength": -0.969976,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.257852,
        "energy": 83.661503,
        "activity_lines": [
          36.200104,
          35.895782,
          34.998549,
          34.262012
        ]
      },
      {
        "date": "2025-08-22",
        "close": 36.650885,
        "volume": 4876254,
        "typical_volume": 8852672.15,
        "trend": 33.799258,
        "fair_value": 27.467297,
        "relative_strength": -1.024693,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.442895,
        "energy": 72.274719,
        "activity_lines": [
          36.386932,
          36.100555,
          35.260262,
          34.449286
        ]
      },
      {
        "date": "2025-08-29",
        "close": 36.710723,
        "volume": 3822812,
        "typical_volume": 9003309.4,
        "trend": 33.87284,
        "fair_value": 27.572971,
        "relative_strength": -0.826623,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.484448,
        "energy": 80.858125,
        "activity_lines": [
          36.538522,
          36.269824,
          35.491312,
          34.637122
        ]
      },
      {
        "date": "2025-09-05",
        "close": 36.910183,
        "volume": 4425393,
        "typical_volume": 9201406.55,
        "trend": 33.947422,
        "fair_value": 27.675565,
        "relative_strength": -0.645557,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.471881,
        "energy": 79.319956,
        "activity_lines": [
          36.72535,
          36.427126,
          35.712924,
          34.83308
        ]
      },
      {
        "date": "2025-09-12",
        "close": 37.329051,
        "volume": 5771534,
        "typical_volume": 9460978.9,
        "trend": 34.02406,
        "fair_value": 27.788339,
        "relative_strength": -1.069203,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.409703,
        "energy": 72.822513,
        "activity_lines": [
          36.952735,
          36.631483,
          35.943194,
          35.051249
        ]
      },
      {
        "date": "2025-09-19",
        "close": 37.759988,
        "volume": 10427024,
        "typical_volume": 9956857.45,
        "trend": 34.148644,
        "fair_value": 27.910135,
        "relative_strength": -1.141662,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.604037,
        "energy": 72.622668,
        "activity_lines": [
          37.261268,
          36.885904,
          36.187495,
          35.292277
        ]
      },
      {
        "date": "2025-09-26",
        "close": 37.580321,
        "volume": 7567979,
        "typical_volume": 10307973.35,
        "trend": 34.27916,
        "fair_value": 28.033232,
        "relative_strength": -1.31711,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.384133,
        "energy": 71.908031,
        "activity_lines": [
          37.430653,
          37.067547,
          36.389944,
          35.513676
        ]
      },
      {
        "date": "2025-10-03",
        "close": 37.740025,
        "volume": 4921540,
        "typical_volume": 10497456.1,
        "trend": 34.454178,
        "fair_value": 28.152849,
        "relative_strength": -1.965047,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.435893,
        "energy": 72.221152,
        "activity_lines": [
          37.591311,
          37.246279,
          36.583005,
          35.736957
        ]
      },
      {
        "date": "2025-10-10",
        "close": 36.901579,
        "volume": 4193141,
        "typical_volume": 5190186.45,
        "trend": 34.629826,
        "fair_value": 28.270075,
        "relative_strength": -1.73306,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.076241,
        "energy": 59.171335,
        "activity_lines": [
          37.403866,
          37.245328,
          36.679212,
          35.894854
        ]
      },
      {
        "date": "2025-10-17",
        "close": 37.44058,
        "volume": 6089995,
        "typical_volume": 5079379.6,
        "trend": 34.816962,
        "fair_value": 28.383991,
        "relative_strength": -1.963027,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.29783,
        "energy": 53.113802,
        "activity_lines": [
          37.396661,
          37.315517,
          36.809945,
          36.076193
        ]
      },
      {
        "date": "2025-10-24",
        "close": 38.259063,
        "volume": 6122193,
        "typical_volume": 5136471.2,
        "trend": 35.044676,
        "fair_value": 28.497938,
        "relative_strength": -1.692266,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.157312,
        "energy": 58.554549,
        "activity_lines": [
          37.65485,
          37.515447,
          37.002103,
          36.298264
        ]
      },
      {
        "date": "2025-10-31",
        "close": 38.57847,
        "volume": 4639160,
        "typical_volume": 5119156.55,
        "trend": 35.363466,
        "fair_value": 28.617807,
        "relative_strength": -1.542974,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.572731,
        "energy": 62.458248,
        "activity_lines": [
          37.986235,
          37.742762,
          37.207058,
          36.526251
        ]
      },
      {
        "date": "2025-11-07",
        "close": 37.929673,
        "volume": 4405977,
        "typical_volume": 5192629.6,
        "trend": 35.603133,
        "fair_value": 28.724717,
        "relative_strength": -1.550678,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.883385,
        "energy": 55.25305,
        "activity_lines": [
          38.034812,
          37.817066,
          37.328897,
          36.691812
        ]
      },
      {
        "date": "2025-11-14",
        "close": 37.959618,
        "volume": 3958656,
        "typical_volume": 5228853.3,
        "trend": 35.856759,
        "fair_value": 28.832415,
        "relative_strength": -1.572899,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.495432,
        "energy": 51.685412,
        "activity_lines": [
          38.080727,
          37.874653,
          37.43515,
          36.843844
        ]
      },
      {
        "date": "2025-11-21",
        "close": 37.141135,
        "volume": 8938146,
        "typical_volume": 5550726.5,
        "trend": 36.039564,
        "fair_value": 28.932467,
        "relative_strength": -1.750505,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 54.618644,
        "energy": 38.143481,
        "activity_lines": [
          37.783278,
          37.764343,
          37.450833,
          36.926707
        ]
      },
      {
        "date": "2025-11-28",
        "close": 38.618396,
        "volume": 3388154,
        "typical_volume": 5546205.65,
        "trend": 36.241366,
        "fair_value": 29.041343,
        "relative_strength": -1.434461,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.044378,
        "energy": 39.753518,
        "activity_lines": [
          37.998213,
          37.926044,
          37.600694,
          37.093083
        ]
      },
      {
        "date": "2025-12-05",
        "close": 38.7781,
        "volume": 4139365,
        "typical_volume": 5565819.9,
        "trend": 36.453478,
        "fair_value": 29.15609,
        "relative_strength": -1.302602,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.674238,
        "energy": 43.410346,
        "activity_lines": [
          38.242427,
          38.101173,
          37.751172,
          37.256743
        ]
      },
      {
        "date": "2025-12-12",
        "close": 38.398803,
        "volume": 4618300,
        "typical_volume": 5598650.75,
        "trend": 36.594451,
        "fair_value": 29.271021,
        "relative_strength": -1.649148,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.25746,
        "energy": 39.330567,
        "activity_lines": [
          38.346899,
          38.185562,
          37.851454,
          37.382248
        ]
      },
      {
        "date": "2025-12-19",
        "close": 38.560515,
        "volume": 4607826,
        "typical_volume": 5599391.8,
        "trend": 36.767403,
        "fair_value": 29.38726,
        "relative_strength": -1.309687,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.288528,
        "energy": 47.043869,
        "activity_lines": [
          38.474001,
          38.287376,
          37.956868,
          37.509091
        ]
      },
      {
        "date": "2025-12-26",
        "close": 39.079714,
        "volume": 2250209,
        "typical_volume": 5464107.7,
        "trend": 36.93772,
        "fair_value": 29.507163,
        "relative_strength": -1.350564,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.857694,
        "energy": 57.718559,
        "activity_lines": [
          38.734109,
          38.453426,
          38.096794,
          37.658272
        ]
      },
      {
        "date": "2026-01-02",
        "close": 38.590469,
        "volume": 2626436,
        "typical_volume": 5089504.7,
        "trend": 37.072121,
        "fair_value": 29.622044,
        "relative_strength": -1.517025,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.128656,
        "energy": 41.167011,
        "activity_lines": [
          38.701897,
          38.500721,
          38.177325,
          37.764901
        ]
      },
      {
        "date": "2026-01-09",
        "close": 39.19953,
        "volume": 4531653,
        "typical_volume": 5072274.65,
        "trend": 37.242111,
        "fair_value": 29.737069,
        "relative_strength": -1.46985,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.372769,
        "energy": 48.114828,
        "activity_lines": [
          38.874567,
          38.652728,
          38.306245,
          37.902153
        ]
      },
      {
        "date": "2026-01-16",
        "close": 39.029791,
        "volume": 5009118,
        "typical_volume": 5131589.95,
        "trend": 37.407841,
        "fair_value": 29.851786,
        "relative_strength": -1.493529,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.902853,
        "energy": 45.088928,
        "activity_lines": [
          38.962562,
          38.762582,
          38.406864,
          38.017488
        ]
      },
      {
        "date": "2026-01-23",
        "close": 38.820115,
        "volume": 4059345,
        "typical_volume": 5113287.55,
        "trend": 37.524861,
        "fair_value": 29.961532,
        "relative_strength": -1.607466,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.643906,
        "energy": 37.689254,
        "activity_lines": [
          38.938599,
          38.814311,
          38.47647,
          38.108602
        ]
      },
      {
        "date": "2026-01-30",
        "close": 38.899992,
        "volume": 4164485,
        "typical_volume": 5032935.1,
        "trend": 37.629086,
        "fair_value": 30.068371,
        "relative_strength": -1.736445,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 53.492373,
        "energy": 35.755255,
        "activity_lines": [
          38.923955,
          38.864917,
          38.544588,
          38.19732
        ]
      },
      {
        "date": "2026-02-06",
        "close": 38.660361,
        "volume": 6004360,
        "typical_volume": 4811801.9,
        "trend": 37.732636,
        "fair_value": 30.174579,
        "relative_strength": -2.071522,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.650651,
        "energy": 28.336236,
        "activity_lines": [
          38.841415,
          38.839975,
          38.582404,
          38.263854
        ]
      },
      {
        "date": "2026-02-13",
        "close": 37.921501,
        "volume": 5187258,
        "typical_volume": 4692765.85,
        "trend": 37.802582,
        "fair_value": 30.275792,
        "relative_strength": -2.61131,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 22.522329,
        "energy": 12.668922,
        "activity_lines": [
          38.50793,
          38.679932,
          38.545565,
          38.276039
        ]
      },
      {
        "date": "2026-02-20",
        "close": 38.420731,
        "volume": 3948644,
        "typical_volume": 4644121.05,
        "trend": 37.875207,
        "fair_value": 30.383603,
        "relative_strength": -2.374274,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 27.149741,
        "energy": 15.974299,
        "activity_lines": [
          38.426056,
          38.626232,
          38.554647,
          38.315919
        ]
      },
      {
        "date": "2026-02-27",
        "close": 38.161131,
        "volume": 3932023,
        "typical_volume": 4631065.15,
        "trend": 37.966438,
        "fair_value": 30.485597,
        "relative_strength": -2.492084,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 7.521962,
        "energy": 12.276316,
        "activity_lines": [
          38.298253,
          38.524934,
          38.535764,
          38.334366
        ]
      },
      {
        "date": "2026-03-06",
        "close": 37.352379,
        "volume": 7905966,
        "typical_volume": 4721863.7,
        "trend": 37.998464,
        "fair_value": 30.589171,
        "relative_strength": -2.57674,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -29.564366,
        "energy": 27.473618,
        "activity_lines": [
          37.944798,
          38.283851,
          38.433858,
          38.29475
        ]
      },
      {
        "date": "2026-03-13",
        "close": 36.923041,
        "volume": 13985683,
        "typical_volume": 5115038.2,
        "trend": 38.010195,
        "fair_value": 30.690893,
        "relative_strength": -2.192702,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -35.084209,
        "energy": 46.542435,
        "activity_lines": [
          37.551405,
          37.996113,
          38.291484,
          38.225367
        ]
      },
      {
        "date": "2026-03-20",
        "close": 36.299966,
        "volume": 7759796,
        "typical_volume": 5271070.0,
        "trend": 37.998498,
        "fair_value": 30.787083,
        "relative_strength": -2.043796,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -51.911297,
        "energy": 64.249225,
        "activity_lines": [
          37.066142,
          37.625406,
          38.096131,
          38.11503
        ]
      },
      {
        "date": "2026-03-27",
        "close": 35.331034,
        "volume": 5991414,
        "typical_volume": 5350341.85,
        "trend": 37.952509,
        "fair_value": 30.871646,
        "relative_strength": -2.432386,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -84.775991,
        "energy": 83.686208,
        "activity_lines": [
          36.366003,
          37.131248,
          37.819348,
          37.942936
        ]
      },
      {
        "date": "2026-04-03",
        "close": 36.659569,
        "volume": 4955295,
        "typical_volume": 5400173.8,
        "trend": 37.944155,
        "fair_value": 30.967234,
        "relative_strength": -2.047436,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.163333,
        "energy": 72.729751,
        "activity_lines": [
          36.314689,
          36.945892,
          37.681468,
          37.85952
        ]
      },
      {
        "date": "2026-04-10",
        "close": 38.257807,
        "volume": 5691338,
        "typical_volume": 5237833.4,
        "trend": 37.975113,
        "fair_value": 31.071307,
        "relative_strength": -1.268025,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -48.740533,
        "energy": 37.329634,
        "activity_lines": [
          36.896226,
          37.090408,
          37.701991,
          37.879756
        ]
      },
      {
        "date": "2026-04-17",
        "close": 39.955934,
        "volume": 4611311,
        "typical_volume": 5298991.25,
        "trend": 38.048311,
        "fair_value": 31.186321,
        "relative_strength": -1.272149,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -4.568639,
        "energy": 7.46029,
        "activity_lines": [
          37.983443,
          37.55535,
          37.878923,
          38.007551
        ]
      },
      {
        "date": "2026-04-24",
        "close": 40.295559,
        "volume": 3882400,
        "typical_volume": 5286143.0,
        "trend": 38.138819,
        "fair_value": 31.304137,
        "relative_strength": -0.905749,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": 34.824412,
        "energy": 36.17369,
        "activity_lines": [
          38.981675,
          38.058487,
          38.081831,
          38.152534
        ]
      },
      {
        "date": "2026-05-01",
        "close": 40.804997,
        "volume": 4467675,
        "typical_volume": 5278611.75,
        "trend": 38.240985,
        "fair_value": 31.42624,
        "relative_strength": -0.537123,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.504484,
        "energy": 58.750997,
        "activity_lines": [
          39.883347,
          38.611083,
          38.326031,
          38.324546
        ]
      },
      {
        "date": "2026-05-08",
        "close": 42.263389,
        "volume": 3606214,
        "typical_volume": 5228531.15,
        "trend": 38.419712,
        "fair_value": 31.557901,
        "relative_strength": 0.674878,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 86.446943,
        "energy": 88.124289,
        "activity_lines": [
          40.906219,
          39.385492,
          38.697667,
          38.584056
        ]
      },
      {
        "date": "2026-05-15",
        "close": 42.283367,
        "volume": 4147196,
        "typical_volume": 5323380.5,
        "trend": 38.581138,
        "fair_value": 31.687423,
        "relative_strength": 0.543907,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.760002,
        "energy": 89.652898,
        "activity_lines": [
          41.562162,
          40.088946,
          39.053574,
          38.833324
        ]
      },
      {
        "date": "2026-05-22",
        "close": 42.64297,
        "volume": 3990715,
        "typical_volume": 5391594.45,
        "trend": 38.727269,
        "fair_value": 31.818455,
        "relative_strength": 0.556447,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.525006,
        "energy": 89.958015,
        "activity_lines": [
          42.069603,
          40.768129,
          39.428473,
          39.095377
        ]
      },
      {
        "date": "2026-05-29",
        "close": 43.392144,
        "volume": 57868070,
        "typical_volume": 8058415.3,
        "trend": 38.887724,
        "fair_value": 31.952063,
        "relative_strength": 0.888789,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.291149,
        "energy": 91.876716,
        "activity_lines": [
          42.647632,
          41.479526,
          39.855424,
          39.396337
        ]
      },
      {
        "date": "2026-06-05",
        "close": 42.143521,
        "volume": 9641265,
        "typical_volume": 8290022.65,
        "trend": 39.028186,
        "fair_value": 32.076951,
        "relative_strength": 0.54146,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.87619,
        "energy": 77.555389,
        "activity_lines": [
          42.603014,
          41.834952,
          40.143493,
          39.606389
        ]
      },
      {
        "date": "2026-06-12",
        "close": 42.64297,
        "volume": 11709519,
        "typical_volume": 8672531.35,
        "trend": 39.184298,
        "fair_value": 32.200553,
        "relative_strength": 1.166677,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.109436,
        "energy": 60.531559,
        "activity_lines": [
          42.635645,
          42.157324,
          40.464302,
          39.8396
        ]
      },
      {
        "date": "2026-06-19",
        "close": 43.23,
        "volume": 5199638,
        "typical_volume": 8724289.0,
        "trend": 39.38726,
        "fair_value": 32.330011,
        "relative_strength": 1.616747,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.090284,
        "energy": 61.71742,
        "activity_lines": [
          42.838647,
          42.477639,
          40.822815,
          40.100613
        ]
      },
      {
        "date": "2026-06-26",
        "close": 41.94,
        "volume": 5054953,
        "typical_volume": 8676818.65,
        "trend": 39.49798,
        "fair_value": 32.44579,
        "relative_strength": 1.002782,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.200977,
        "energy": 49.827434,
        "activity_lines": [
          42.54854,
          42.473006,
          41.037851,
          40.265306
        ]
      },
      {
        "date": "2026-07-03",
        "close": 42.64,
        "volume": 2599500,
        "typical_volume": 8547430.75,
        "trend": 39.62671,
        "fair_value": 32.568346,
        "relative_strength": 0.531391,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 53.093544,
        "energy": 45.622186,
        "activity_lines": [
          42.538631,
          42.559571,
          41.303937,
          40.468017
        ]
      },
      {
        "date": "2026-07-10",
        "close": 43.23,
        "volume": 3435629,
        "typical_volume": 8521780.0,
        "trend": 39.78775,
        "fair_value": 32.69144,
        "relative_strength": 0.562323,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.509456,
        "energy": 52.884772,
        "activity_lines": [
          42.775531,
          42.710782,
          41.603744,
          40.700488
        ]
      },
      {
        "date": "2026-07-17",
        "close": 42.26,
        "volume": 3145036,
        "typical_volume": 8482430.65,
        "trend": 39.911066,
        "fair_value": 32.807099,
        "relative_strength": -0.123074,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 49.439273,
        "energy": 40.128868,
        "activity_lines": [
          42.616667,
          42.64154,
          41.788269,
          40.859988
        ]
      },
      {
        "date": "2026-07-24",
        "close": 42.17,
        "volume": 2769633,
        "typical_volume": 8225614.0,
        "trend": 40.014076,
        "fair_value": 32.922133,
        "relative_strength": 0.267376,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 46.83132,
        "energy": 37.320263,
        "activity_lines": [
          42.453333,
          42.555995,
          41.944704,
          41.005725
        ]
      },
      {
        "date": "2026-07-31",
        "close": 42.61,
        "volume": 2494628,
        "typical_volume": 7651061.25,
        "trend": 40.14806,
        "fair_value": 33.043197,
        "relative_strength": 0.234272,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 46.39906,
        "energy": 34.630246,
        "activity_lines": [
          42.507333,
          42.552511,
          42.120103,
          41.173204
        ]
      },
      {
        "date": "2026-08-07",
        "close": 44.25,
        "volume": 2981993,
        "typical_volume": 7412171.1,
        "trend": 40.316409,
        "fair_value": 33.175067,
        "relative_strength": 0.578867,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 77.053691,
        "energy": 49.606501,
        "activity_lines": [
          43.063333,
          42.847808,
          42.424611,
          41.437846
        ]
      }
    ],
    "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."
    }
  }
}