{
  "ticker": {
    "uuid": "34fa2f40-e20b-46fb-9f8a-27dcc8d16f41",
    "symbol": "688656",
    "name": "HOB Biotech Group Corp.,Ltd",
    "exchange": "SHH",
    "country": "CN",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "000001.SS",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -65.418,
    "architecture_energy": 72.481,
    "architecture_maturity": 60.0,
    "architecture_confidence": 90.637,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 8.22,
        "rotation_up": 15.04,
        "upward_expansion": 15.66,
        "deceleration": 42.52,
        "rotation_down": 68.94,
        "downward_expansion": 89.0
      },
      "activity_lines": [
        84.547335,
        89.671456,
        102.068799,
        111.175005
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 89.870003,
    "trend_reference": 123.355887,
    "distance_from_trend": -0.271458,
    "trend_direction": "Weakening",
    "fair_value": 83.854413,
    "distance_from_fair_value": 0.071739,
    "fair_value_direction": "Weakening",
    "relative_strength": -34.954415,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.37392,
    "excess_performance": -0.330716,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.271458,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.193356,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.071739,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.763076,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.349544,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.278422,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.37392,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.454461,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2025426,
      "relative_activity": 0.922469,
      "balance": 0.454461,
      "dry_up": 1.360242,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.143247,
      "annualized_volatility": 0.475184,
      "from_high_reference": -0.585114,
      "from_low_reference": 0.172931
    },
    "levels": {
      "trend_reference": 123.355887,
      "fair_value_reference": 83.854413,
      "structural_low": 76.620003,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 18,
        "median_return": 0.035457,
        "positive_rate": 0.555556,
        "directional_follow_through": 0.444444,
        "median_excess_return": -0.006468,
        "regime_survival": 0.777778,
        "best_return": 0.179174,
        "worst_return": -0.227027,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.072071,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.049843,
        "regime_survival": 0.5,
        "best_return": 4.632326,
        "worst_return": -0.215731,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.001777,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.005279,
        "regime_survival": 0.25,
        "best_return": 2.892857,
        "worst_return": -0.339468,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.092345,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.072676,
        "regime_survival": 0.666667,
        "best_return": 5.920531,
        "worst_return": -0.382965,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-01-05",
        "end": "2024-02-02",
        "tenure": "Developing",
        "return": -0.324551,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-02-09",
        "end": "2024-09-20",
        "tenure": "Extended",
        "return": -0.049444,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-27",
        "end": "2024-10-04",
        "tenure": "New",
        "return": 0.134653,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-10-11",
        "end": "2024-10-18",
        "tenure": "New",
        "return": 0.039129,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-25",
        "end": "2024-12-27",
        "tenure": "Developing",
        "return": 2.054602,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-03",
        "end": "2025-04-11",
        "tenure": "Established",
        "return": -0.032731,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-18",
        "end": "2025-06-13",
        "tenure": "Developing",
        "return": 0.429431,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-20",
        "end": "2025-06-27",
        "tenure": "New",
        "return": 0.270784,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-04",
        "end": "2025-08-08",
        "tenure": "Developing",
        "return": -0.122431,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-15",
        "end": "2025-09-12",
        "tenure": "Developing",
        "return": 0.470328,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-19",
        "end": "2026-01-02",
        "tenure": "Established",
        "return": -0.061508,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-01-09",
        "end": "2026-01-30",
        "tenure": "New",
        "return": -0.111688,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-02-06",
        "end": "2026-03-20",
        "tenure": "Developing",
        "return": -0.040736,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-27",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": -0.280793,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-07-28",
        "close": 34.529583,
        "volume": 693925,
        "typical_volume": 1061168.65,
        "trend": 35.89296,
        "fair_value": 48.65703,
        "relative_strength": -4.693388,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -49.946216,
        "energy": 35.849084,
        "activity_lines": [
          34.246726,
          34.388509,
          34.737724,
          35.397816
        ]
      },
      {
        "date": "2023-08-04",
        "close": 33.180466,
        "volume": 708044,
        "typical_volume": 1021821.95,
        "trend": 35.915826,
        "fair_value": 48.538888,
        "relative_strength": -8.668056,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.295396,
        "energy": 45.189574,
        "activity_lines": [
          33.819831,
          34.13055,
          34.529351,
          35.222817
        ]
      },
      {
        "date": "2023-08-11",
        "close": 32.21262,
        "volume": 842312,
        "typical_volume": 998199.25,
        "trend": 35.85182,
        "fair_value": 48.415204,
        "relative_strength": -8.455478,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.009395,
        "energy": 56.598381,
        "activity_lines": [
          33.247596,
          33.737552,
          34.252864,
          34.9839
        ]
      },
      {
        "date": "2023-08-18",
        "close": 32.193069,
        "volume": 554356,
        "typical_volume": 976024.6,
        "trend": 35.713165,
        "fair_value": 48.293233,
        "relative_strength": -6.743822,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.224166,
        "energy": 61.908401,
        "activity_lines": [
          32.803104,
          33.408519,
          33.997785,
          34.747852
        ]
      },
      {
        "date": "2023-08-25",
        "close": 32.046429,
        "volume": 1228662,
        "typical_volume": 965355.0,
        "trend": 35.580609,
        "fair_value": 48.171988,
        "relative_strength": -4.704008,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.782756,
        "energy": 65.305914,
        "activity_lines": [
          32.43552,
          33.094436,
          33.750024,
          34.511288
        ]
      },
      {
        "date": "2023-09-01",
        "close": 35.321461,
        "volume": 2521704,
        "typical_volume": 1013706.5,
        "trend": 35.48613,
        "fair_value": 48.076799,
        "relative_strength": 2.808654,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -41.862056,
        "energy": 29.888284,
        "activity_lines": [
          33.265196,
          33.408165,
          33.842618,
          34.494569
        ]
      },
      {
        "date": "2023-09-08",
        "close": 34.87175,
        "volume": 3696520,
        "typical_volume": 1151828.5,
        "trend": 35.411237,
        "fair_value": 47.979703,
        "relative_strength": 1.976864,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -29.09476,
        "energy": 15.061707,
        "activity_lines": [
          33.892176,
          33.616486,
          33.911741,
          34.454931
        ]
      },
      {
        "date": "2023-09-15",
        "close": 35.85915,
        "volume": 2112283,
        "typical_volume": 1159052.95,
        "trend": 35.431945,
        "fair_value": 47.891232,
        "relative_strength": 4.697379,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -9.926836,
        "energy": 14.746637,
        "activity_lines": [
          34.735537,
          34.021933,
          34.081909,
          34.483829
        ]
      },
      {
        "date": "2023-09-22",
        "close": 37.227818,
        "volume": 1913609,
        "typical_volume": 1222291.55,
        "trend": 35.309564,
        "fair_value": 47.813961,
        "relative_strength": 7.882178,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 31.743013,
        "energy": 33.851004,
        "activity_lines": [
          35.792019,
          34.646544,
          34.374436,
          34.599692
        ]
      },
      {
        "date": "2023-09-29",
        "close": 38.039242,
        "volume": 1893711,
        "typical_volume": 1280000.25,
        "trend": 35.246221,
        "fair_value": 47.743639,
        "relative_strength": 10.587298,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 37.71035,
        "energy": 54.502494,
        "activity_lines": [
          36.783326,
          35.361451,
          34.725025,
          34.7758
        ]
      },
      {
        "date": "2023-10-13",
        "close": 38.879997,
        "volume": 2003362,
        "typical_volume": 1334991.5,
        "trend": 35.239986,
        "fair_value": 47.680328,
        "relative_strength": 13.241003,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 51.341423,
        "energy": 68.586919,
        "activity_lines": [
          37.655364,
          36.149058,
          35.132791,
          35.010237
        ]
      },
      {
        "date": "2023-10-20",
        "close": 37.882824,
        "volume": 1849962,
        "typical_volume": 1379177.0,
        "trend": 35.228301,
        "fair_value": 47.610842,
        "relative_strength": 13.63658,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 36.810021,
        "energy": 63.146456,
        "activity_lines": [
          37.957775,
          36.676262,
          35.42723,
          35.180743
        ]
      },
      {
        "date": "2023-10-27",
        "close": 39.055969,
        "volume": 1995576,
        "typical_volume": 1409407.95,
        "trend": 35.293528,
        "fair_value": 47.550596,
        "relative_strength": 15.585901,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 69.356391,
        "energy": 70.909192,
        "activity_lines": [
          38.450496,
          37.331268,
          35.821725,
          35.427689
        ]
      },
      {
        "date": "2023-11-03",
        "close": 38.224991,
        "volume": 1715930,
        "typical_volume": 1458188.1,
        "trend": 35.345596,
        "fair_value": 47.485382,
        "relative_strength": 12.562718,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.661304,
        "energy": 54.051502,
        "activity_lines": [
          38.453103,
          37.710763,
          36.122175,
          35.616816
        ]
      },
      {
        "date": "2023-11-10",
        "close": 39.632771,
        "volume": 1222911,
        "typical_volume": 1470446.7,
        "trend": 35.399352,
        "fair_value": 47.43085,
        "relative_strength": 16.158591,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.711865,
        "energy": 49.202022,
        "activity_lines": [
          38.858491,
          38.236546,
          36.538875,
          35.893408
        ]
      },
      {
        "date": "2023-11-17",
        "close": 39.544781,
        "volume": 1028024,
        "typical_volume": 1497465.85,
        "trend": 35.404612,
        "fair_value": 47.376463,
        "relative_strength": 15.167982,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.415878,
        "energy": 48.202433,
        "activity_lines": [
          39.128315,
          38.608397,
          36.919542,
          36.160855
        ]
      },
      {
        "date": "2023-11-24",
        "close": 39.222164,
        "volume": 1244277,
        "typical_volume": 1500781.3,
        "trend": 35.500583,
        "fair_value": 47.320612,
        "relative_strength": 14.419703,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.749553,
        "energy": 43.355709,
        "activity_lines": [
          39.246281,
          38.844804,
          37.243181,
          36.407148
        ]
      },
      {
        "date": "2023-12-01",
        "close": 38.410744,
        "volume": 1987324,
        "typical_volume": 1522238.3,
        "trend": 35.641566,
        "fair_value": 47.260001,
        "relative_strength": 12.331676,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.158899,
        "energy": 39.783895,
        "activity_lines": [
          39.004483,
          38.854581,
          37.473435,
          36.594901
        ]
      },
      {
        "date": "2023-12-08",
        "close": 36.514153,
        "volume": 1745099,
        "typical_volume": 1584246.75,
        "trend": 35.75229,
        "fair_value": 47.187394,
        "relative_strength": 8.855419,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 37.102194,
        "energy": 23.722784,
        "activity_lines": [
          38.173504,
          38.47313,
          37.503135,
          36.651197
        ]
      },
      {
        "date": "2023-12-15",
        "close": 35.624523,
        "volume": 1513883,
        "typical_volume": 1623573.7,
        "trend": 35.832066,
        "fair_value": 47.10979,
        "relative_strength": 6.900229,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 17.90592,
        "energy": 16.761813,
        "activity_lines": [
          37.160038,
          37.942905,
          37.436518,
          36.642954
        ]
      },
      {
        "date": "2023-12-22",
        "close": 34.705555,
        "volume": 2525372,
        "typical_volume": 1715146.05,
        "trend": 35.82143,
        "fair_value": 47.027096,
        "relative_strength": 4.855958,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 1.806909,
        "energy": 19.044268,
        "activity_lines": [
          36.107465,
          37.289498,
          37.272882,
          36.570275
        ]
      },
      {
        "date": "2023-12-29",
        "close": 33.982113,
        "volume": 1896062,
        "typical_volume": 1774546.95,
        "trend": 35.773107,
        "fair_value": 46.940705,
        "relative_strength": 0.496188,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -32.565735,
        "energy": 37.047273,
        "activity_lines": [
          35.13636,
          36.580455,
          37.03951,
          36.45161
        ]
      },
      {
        "date": "2024-01-05",
        "close": 33.76704,
        "volume": 1360451,
        "typical_volume": 1800453.9,
        "trend": 35.701136,
        "fair_value": 46.854036,
        "relative_strength": 1.254241,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.066269,
        "energy": 52.925085,
        "activity_lines": [
          34.442901,
          35.903231,
          36.781837,
          36.322186
        ]
      },
      {
        "date": "2024-01-12",
        "close": 32.818745,
        "volume": 1992563,
        "typical_volume": 1872364.25,
        "trend": 35.645701,
        "fair_value": 46.762302,
        "relative_strength": -0.124105,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -39.99362,
        "energy": 64.677285,
        "activity_lines": [
          33.742924,
          35.149751,
          36.426448,
          36.136226
        ]
      },
      {
        "date": "2024-01-19",
        "close": 29.866331,
        "volume": 2084538,
        "typical_volume": 1915158.05,
        "trend": 35.513723,
        "fair_value": 46.652588,
        "relative_strength": -7.472903,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -53.240911,
        "energy": 74.514014,
        "activity_lines": [
          32.305169,
          33.957764,
          35.786898,
          35.763363
        ]
      },
      {
        "date": "2024-01-26",
        "close": 29.142891,
        "volume": 2808410,
        "typical_volume": 1929493.35,
        "trend": 35.351112,
        "fair_value": 46.539622,
        "relative_strength": -11.92971,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -60.426632,
        "energy": 82.693151,
        "activity_lines": [
          31.010147,
          32.811814,
          35.08883,
          35.352342
        ]
      },
      {
        "date": "2024-02-02",
        "close": 22.807905,
        "volume": 3288870,
        "typical_volume": 1909110.85,
        "trend": 34.916722,
        "fair_value": 46.387496,
        "relative_strength": -26.193543,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -97.387614,
        "energy": 98.144249,
        "activity_lines": [
          27.974307,
          30.703174,
          33.816851,
          34.543102
        ]
      },
      {
        "date": "2024-02-09",
        "close": 22.856785,
        "volume": 4747182,
        "typical_volume": 2040855.8,
        "trend": 34.537731,
        "fair_value": 46.106318,
        "relative_strength": -29.091143,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -90.412822,
        "energy": 96.115606,
        "activity_lines": [
          25.699708,
          28.901862,
          32.606975,
          33.765042
        ]
      },
      {
        "date": "2024-02-23",
        "close": 26.014503,
        "volume": 3975736,
        "typical_volume": 2143962.15,
        "trend": 34.268885,
        "fair_value": 45.717074,
        "relative_strength": -22.66711,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.104696,
        "energy": 87.625486,
        "activity_lines": [
          25.205032,
          27.95748,
          31.75975,
          33.215156
        ]
      },
      {
        "date": "2024-03-01",
        "close": 25.515917,
        "volume": 3471029,
        "typical_volume": 2222828.05,
        "trend": 33.99841,
        "fair_value": 45.350295,
        "relative_strength": -24.379195,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.410763,
        "energy": 78.372467,
        "activity_lines": [
          24.997777,
          27.113349,
          30.918437,
          32.650449
        ]
      },
      {
        "date": "2024-03-08",
        "close": 23.873512,
        "volume": 1942510,
        "typical_volume": 2219785.45,
        "trend": 33.643207,
        "fair_value": 45.032682,
        "relative_strength": -29.115655,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.512688,
        "energy": 66.593756,
        "activity_lines": [
          24.533081,
          26.154391,
          29.98034,
          31.997229
        ]
      },
      {
        "date": "2024-03-15",
        "close": 25.525692,
        "volume": 2787756,
        "typical_volume": 2266675.15,
        "trend": 33.388048,
        "fair_value": 44.728898,
        "relative_strength": -23.941913,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.013609,
        "energy": 57.010336,
        "activity_lines": [
          24.970403,
          25.692776,
          29.271052,
          31.473519
        ]
      },
      {
        "date": "2024-03-22",
        "close": 25.985176,
        "volume": 2234763,
        "typical_volume": 2278634.5,
        "trend": 33.180467,
        "fair_value": 44.381747,
        "relative_strength": -21.917241,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.157145,
        "energy": 51.124706,
        "activity_lines": [
          25.379701,
          25.468457,
          28.664369,
          30.995914
        ]
      },
      {
        "date": "2024-03-29",
        "close": 25.643005,
        "volume": 2182469,
        "typical_volume": 2301961.45,
        "trend": 32.962131,
        "fair_value": 44.017005,
        "relative_strength": -22.315777,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -47.405462,
        "energy": 43.682389,
        "activity_lines": [
          25.466383,
          25.323413,
          28.087339,
          30.509626
        ]
      },
      {
        "date": "2024-04-05",
        "close": 25.613678,
        "volume": 1132512,
        "typical_volume": 2297441.5,
        "trend": 32.747706,
        "fair_value": 43.667533,
        "relative_strength": -22.702806,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -45.061991,
        "energy": 38.068821,
        "activity_lines": [
          25.568056,
          25.303505,
          27.567431,
          30.035533
        ]
      },
      {
        "date": "2024-04-12",
        "close": 23.531345,
        "volume": 1724271,
        "typical_volume": 2332253.85,
        "trend": 32.354702,
        "fair_value": 43.358908,
        "relative_strength": -27.374167,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.983954,
        "energy": 45.999664,
        "activity_lines": [
          24.9691,
          24.982313,
          26.915963,
          29.440929
        ]
      },
      {
        "date": "2024-04-19",
        "close": 21.986704,
        "volume": 2434705,
        "typical_volume": 2391775.25,
        "trend": 31.925201,
        "fair_value": 43.026634,
        "relative_strength": -32.641727,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.798477,
        "energy": 51.029753,
        "activity_lines": [
          23.878075,
          24.482304,
          26.19364,
          28.772025
        ]
      },
      {
        "date": "2024-04-26",
        "close": 24.391651,
        "volume": 2249743,
        "typical_volume": 2404896.2,
        "trend": 31.542951,
        "fair_value": 42.766904,
        "relative_strength": -25.313218,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.640264,
        "energy": 45.441534,
        "activity_lines": [
          23.824631,
          24.434489,
          25.782434,
          28.28599
        ]
      },
      {
        "date": "2024-05-03",
        "close": 24.401426,
        "volume": 1558213,
        "typical_volume": 2395551.9,
        "trend": 31.115404,
        "fair_value": 42.511881,
        "relative_strength": -25.244647,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.052449,
        "energy": 44.354986,
        "activity_lines": [
          23.880681,
          24.360545,
          25.438916,
          27.825246
        ]
      },
      {
        "date": "2024-05-10",
        "close": 25.408377,
        "volume": 2081188,
        "typical_volume": 2423917.15,
        "trend": 30.694376,
        "fair_value": 42.253292,
        "relative_strength": -23.072788,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.09285,
        "energy": 40.156434,
        "activity_lines": [
          24.355153,
          24.499012,
          25.248979,
          27.457051
        ]
      },
      {
        "date": "2024-05-17",
        "close": 24.890238,
        "volume": 1836410,
        "typical_volume": 2389469.05,
        "trend": 30.22805,
        "fair_value": 42.003968,
        "relative_strength": -24.342439,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.037129,
        "energy": 28.548142,
        "activity_lines": [
          24.670599,
          24.545227,
          25.058342,
          27.082591
        ]
      },
      {
        "date": "2024-05-24",
        "close": 23.599775,
        "volume": 1895675,
        "typical_volume": 2389449.7,
        "trend": 29.751949,
        "fair_value": 41.669692,
        "relative_strength": -26.410652,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -48.325039,
        "energy": 31.568311,
        "activity_lines": [
          24.465297,
          24.338326,
          24.791545,
          26.65496
        ]
      },
      {
        "date": "2024-05-31",
        "close": 24.225456,
        "volume": 1588796,
        "typical_volume": 2400866.95,
        "trend": 29.257598,
        "fair_value": 41.345048,
        "relative_strength": -24.012547,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.537859,
        "energy": 29.021364,
        "activity_lines": [
          24.361018,
          24.280202,
          24.633775,
          26.298412
        ]
      },
      {
        "date": "2024-06-07",
        "close": 21.937822,
        "volume": 1422555,
        "typical_volume": 2372366.55,
        "trend": 28.714693,
        "fair_value": 41.035678,
        "relative_strength": -29.885489,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.209201,
        "energy": 45.855929,
        "activity_lines": [
          23.505274,
          23.838139,
          24.303572,
          25.826168
        ]
      },
      {
        "date": "2024-06-14",
        "close": 22.084787,
        "volume": 834978,
        "typical_volume": 2309888.55,
        "trend": 28.12976,
        "fair_value": 40.72053,
        "relative_strength": -28.466644,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.02766,
        "energy": 59.265094,
        "activity_lines": [
          22.862759,
          23.490165,
          24.039179,
          25.398433
        ]
      },
      {
        "date": "2024-06-21",
        "close": 23.159184,
        "volume": 1230639,
        "typical_volume": 2231000.0,
        "trend": 27.583573,
        "fair_value": 40.369927,
        "relative_strength": -23.698912,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.564572,
        "energy": 51.459247,
        "activity_lines": [
          22.799948,
          23.401697,
          23.914165,
          25.07775
        ]
      },
      {
        "date": "2024-06-28",
        "close": 22.810999,
        "volume": 1580599,
        "typical_volume": 2145586.45,
        "trend": 27.036534,
        "fair_value": 39.984709,
        "relative_strength": -23.683986,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.242532,
        "energy": 48.270973,
        "activity_lines": [
          22.736479,
          23.256689,
          23.784485,
          24.769842
        ]
      },
      {
        "date": "2024-07-05",
        "close": 20.592573,
        "volume": 700195,
        "typical_volume": 1943237.1,
        "trend": 26.442595,
        "fair_value": 39.601462,
        "relative_strength": -30.210524,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.282251,
        "energy": 54.171951,
        "activity_lines": [
          21.986121,
          22.693344,
          23.44351,
          24.354103
        ]
      },
      {
        "date": "2024-07-12",
        "close": 24.611605,
        "volume": 2609639,
        "typical_volume": 1874932.25,
        "trend": 26.045844,
        "fair_value": 39.271709,
        "relative_strength": -16.723612,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.290857,
        "energy": 28.500983,
        "activity_lines": [
          22.817631,
          22.929806,
          23.496083,
          24.235974
        ]
      },
      {
        "date": "2024-07-19",
        "close": 24.522072,
        "volume": 1451453,
        "typical_volume": 1773953.45,
        "trend": 25.675762,
        "fair_value": 38.948558,
        "relative_strength": -16.933961,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -28.671249,
        "energy": 17.164267,
        "activity_lines": [
          23.441045,
          23.146168,
          23.546809,
          24.137667
        ]
      },
      {
        "date": "2024-07-26",
        "close": 21.726656,
        "volume": 1301102,
        "typical_volume": 1741883.05,
        "trend": 25.243132,
        "fair_value": 38.645753,
        "relative_strength": -23.629317,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.631884,
        "energy": 25.389558,
        "activity_lines": [
          22.970169,
          22.870387,
          23.336038,
          23.882886
        ]
      },
      {
        "date": "2024-08-02",
        "close": 22.373281,
        "volume": 1017910,
        "typical_volume": 1653390.75,
        "trend": 24.856171,
        "fair_value": 38.316983,
        "relative_strength": -21.298865,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.863546,
        "energy": 16.992808,
        "activity_lines": [
          22.810335,
          22.769694,
          23.197073,
          23.697734
        ]
      },
      {
        "date": "2024-08-09",
        "close": 22.054941,
        "volume": 685865,
        "typical_volume": 1575945.85,
        "trend": 24.465768,
        "fair_value": 37.969309,
        "relative_strength": -20.808023,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.541919,
        "energy": 28.075889,
        "activity_lines": [
          22.57357,
          22.633421,
          23.042802,
          23.517009
        ]
      },
      {
        "date": "2024-08-16",
        "close": 21.726656,
        "volume": 725001,
        "typical_volume": 1503072.45,
        "trend": 24.096031,
        "fair_value": 37.667975,
        "relative_strength": -22.061639,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.224967,
        "energy": 41.20233,
        "activity_lines": [
          22.129885,
          22.476923,
          22.875981,
          23.340292
        ]
      },
      {
        "date": "2024-08-23",
        "close": 19.876307,
        "volume": 642802,
        "typical_volume": 1478586.95,
        "trend": 23.763031,
        "fair_value": 37.386669,
        "relative_strength": -27.622225,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.017601,
        "energy": 59.697746,
        "activity_lines": [
          21.261747,
          21.987838,
          22.551585,
          23.068052
        ]
      },
      {
        "date": "2024-08-30",
        "close": 23.407887,
        "volume": 2249177,
        "typical_volume": 1504832.25,
        "trend": 23.571864,
        "fair_value": 37.158294,
        "relative_strength": -14.046783,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.522892,
        "energy": 33.180441,
        "activity_lines": [
          21.88052,
          22.181012,
          22.590851,
          23.04514
        ]
      },
      {
        "date": "2024-09-06",
        "close": 22.144476,
        "volume": 998698,
        "typical_volume": 1433031.9,
        "trend": 23.54975,
        "fair_value": 36.939175,
        "relative_strength": -16.026348,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -48.8036,
        "energy": 28.903993,
        "activity_lines": [
          21.966073,
          22.139954,
          22.51038,
          22.95305
        ]
      },
      {
        "date": "2024-09-13",
        "close": 22.492661,
        "volume": 1148798,
        "typical_volume": 1377984.65,
        "trend": 23.537612,
        "fair_value": 36.712354,
        "relative_strength": -12.236197,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.34992,
        "energy": 18.907685,
        "activity_lines": [
          22.182943,
          22.17432,
          22.462319,
          22.884851
        ]
      },
      {
        "date": "2024-09-20",
        "close": 21.726656,
        "volume": 1102925,
        "typical_volume": 1355220.25,
        "trend": 23.394684,
        "fair_value": 36.50184,
        "relative_strength": -15.682697,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.147285,
        "energy": 16.8813,
        "activity_lines": [
          22.115296,
          22.034866,
          22.350347,
          22.768015
        ]
      },
      {
        "date": "2024-09-27",
        "close": 25.118959,
        "volume": 1669683,
        "typical_volume": 1334645.0,
        "trend": 23.381452,
        "fair_value": 36.320369,
        "relative_strength": -12.99267,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -6.562107,
        "energy": 9.179546,
        "activity_lines": [
          23.178416,
          22.564648,
          22.574189,
          22.879259
        ]
      },
      {
        "date": "2024-10-04",
        "close": 28.501312,
        "volume": 677124,
        "typical_volume": 1276680.7,
        "trend": 23.535712,
        "fair_value": 36.167264,
        "relative_strength": -8.011182,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 41.626754,
        "energy": 47.546062,
        "activity_lines": [
          25.019477,
          23.69855,
          23.121538,
          23.209572
        ]
      },
      {
        "date": "2024-10-11",
        "close": 26.949409,
        "volume": 2861733,
        "typical_volume": 1324983.6,
        "trend": 23.583169,
        "fair_value": 35.996055,
        "relative_strength": -9.084124,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 37.716971,
        "energy": 56.359153,
        "activity_lines": [
          26.003676,
          24.427113,
          23.503891,
          23.429811
        ]
      },
      {
        "date": "2024-10-18",
        "close": 28.003908,
        "volume": 1455133,
        "typical_volume": 1318300.45,
        "trend": 23.65046,
        "fair_value": 35.848715,
        "relative_strength": -6.010448,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 69.526005,
        "energy": 74.761761,
        "activity_lines": [
          27.019046,
          25.264201,
          23.970721,
          23.71502
        ]
      },
      {
        "date": "2024-10-25",
        "close": 31.883667,
        "volume": 2714841,
        "typical_volume": 1382914.75,
        "trend": 23.858482,
        "fair_value": 35.728085,
        "relative_strength": 6.454928,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.658391,
        "energy": 85.93273,
        "activity_lines": [
          28.960252,
          26.698536,
          24.78906,
          24.246194
        ]
      },
      {
        "date": "2024-11-01",
        "close": 45.910492,
        "volume": 228559,
        "typical_volume": 1352593.8,
        "trend": 24.535043,
        "fair_value": 35.70105,
        "relative_strength": 54.229548,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 98.460609,
        "energy": 98.144719,
        "activity_lines": [
          34.899932,
          30.49853,
          26.895926,
          25.668905
        ]
      },
      {
        "date": "2024-11-08",
        "close": 114.244003,
        "volume": 12759237,
        "typical_volume": 1929023.7,
        "trend": 27.558798,
        "fair_value": 36.107082,
        "relative_strength": 248.650739,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 99.82279,
        "energy": 99.705542,
        "activity_lines": [
          62.231347,
          46.24945,
          35.39729,
          31.456579
        ]
      },
      {
        "date": "2024-11-15",
        "close": 122.371613,
        "volume": 8816109,
        "typical_volume": 2290799.2,
        "trend": 30.904962,
        "fair_value": 36.537375,
        "relative_strength": 269.350906,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 99.705949,
        "energy": 99.865372,
        "activity_lines": [
          86.555786,
          61.826552,
          44.238974,
          37.573535
        ]
      },
      {
        "date": "2024-11-22",
        "close": 136.289001,
        "volume": 13216453,
        "typical_volume": 2916612.1,
        "trend": 34.634873,
        "fair_value": 37.037442,
        "relative_strength": 297.262725,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 97.828885,
        "energy": 99.226613,
        "activity_lines": [
          109.157874,
          78.111776,
          53.932026,
          44.372505
        ]
      },
      {
        "date": "2024-11-29",
        "close": 131.702927,
        "volume": 13643655,
        "typical_volume": 3468312.9,
        "trend": 38.21159,
        "fair_value": 37.513752,
        "relative_strength": 259.480788,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.346693,
        "energy": 93.798713,
        "activity_lines": [
          123.012265,
          91.494144,
          62.637374,
          50.634961
        ]
      },
      {
        "date": "2024-12-06",
        "close": 112.264328,
        "volume": 10002076,
        "typical_volume": 3895844.05,
        "trend": 41.106788,
        "fair_value": 37.854418,
        "relative_strength": 189.18161,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.580527,
        "energy": 82.041757,
        "activity_lines": [
          123.732505,
          99.342653,
          68.981467,
          55.412557
        ]
      },
      {
        "date": "2024-12-13",
        "close": 106.464584,
        "volume": 9682099,
        "typical_volume": 4314893.9,
        "trend": 43.825933,
        "fair_value": 38.147481,
        "relative_strength": 166.643959,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.912139,
        "energy": 67.656017,
        "activity_lines": [
          118.095909,
          104.552202,
          74.355384,
          59.629188
        ]
      },
      {
        "date": "2024-12-20",
        "close": 100.744431,
        "volume": 9284262,
        "typical_volume": 4728211.5,
        "trend": 46.397422,
        "fair_value": 38.39057,
        "relative_strength": 146.919052,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.626388,
        "energy": 62.714682,
        "activity_lines": [
          111.071222,
          107.304209,
          78.781011,
          63.30135
        ]
      },
      {
        "date": "2024-12-27",
        "close": 97.391922,
        "volume": 5908139,
        "typical_volume": 4989325.2,
        "trend": 48.836304,
        "fair_value": 38.619711,
        "relative_strength": 130.330849,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.864123,
        "energy": 47.17369,
        "activity_lines": [
          104.370845,
          108.104941,
          82.514155,
          66.591317
        ]
      },
      {
        "date": "2025-01-03",
        "close": 88.140182,
        "volume": 2946709,
        "typical_volume": 5100410.6,
        "trend": 51.043049,
        "fair_value": 38.808924,
        "relative_strength": 115.363424,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 42.782259,
        "energy": 34.192004,
        "activity_lines": [
          97.179692,
          105.961938,
          85.007433,
          69.127051
        ]
      },
      {
        "date": "2025-01-10",
        "close": 85.056274,
        "volume": 4106651,
        "typical_volume": 5273603.05,
        "trend": 53.142099,
        "fair_value": 38.98217,
        "relative_strength": 105.883913,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.464722,
        "energy": 27.588532,
        "activity_lines": [
          91.864754,
          102.235379,
          86.890751,
          71.321453
        ]
      },
      {
        "date": "2025-01-17",
        "close": 88.587852,
        "volume": 4138493,
        "typical_volume": 5368068.85,
        "trend": 55.323054,
        "fair_value": 39.185475,
        "relative_strength": 104.770128,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.346254,
        "energy": 25.697066,
        "activity_lines": [
          89.540878,
          98.439184,
          88.800029,
          73.608276
        ]
      },
      {
        "date": "2025-01-24",
        "close": 80.75869,
        "volume": 4869821,
        "typical_volume": 5561625.0,
        "trend": 57.254644,
        "fair_value": 39.343928,
        "relative_strength": 82.300568,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 29.835044,
        "energy": 23.464895,
        "activity_lines": [
          85.799064,
          93.68598,
          89.653291,
          75.249285
        ]
      },
      {
        "date": "2025-01-31",
        "close": 79.485336,
        "volume": 575363,
        "typical_volume": 5532953.25,
        "trend": 59.217736,
        "fair_value": 39.467113,
        "relative_strength": 75.95083,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 17.356612,
        "energy": 17.841235,
        "activity_lines": [
          82.965182,
          89.457856,
          90.106167,
          76.683523
        ]
      },
      {
        "date": "2025-02-07",
        "close": 85.493996,
        "volume": 2314596,
        "typical_volume": 5593536.8,
        "trend": 61.247149,
        "fair_value": 39.620844,
        "relative_strength": 81.803162,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 16.175797,
        "energy": 17.461985,
        "activity_lines": [
          83.327958,
          87.355009,
          90.859902,
          78.378765
        ]
      },
      {
        "date": "2025-02-14",
        "close": 84.578766,
        "volume": 3502592,
        "typical_volume": 5685182.25,
        "trend": 63.249039,
        "fair_value": 39.7489,
        "relative_strength": 73.488893,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 14.879712,
        "energy": 16.058187,
        "activity_lines": [
          83.56207,
          85.925919,
          91.222818,
          79.884031
        ]
      },
      {
        "date": "2025-02-21",
        "close": 81.75351,
        "volume": 2898181,
        "typical_volume": 5796235.1,
        "trend": 65.249934,
        "fair_value": 39.925749,
        "relative_strength": 62.748298,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 13.641698,
        "energy": 13.844513,
        "activity_lines": [
          82.886264,
          84.486521,
          91.033521,
          81.077868
        ]
      },
      {
        "date": "2025-02-28",
        "close": 86.787247,
        "volume": 5314197,
        "typical_volume": 5918858.3,
        "trend": 67.397066,
        "fair_value": 40.13738,
        "relative_strength": 71.861629,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 15.383822,
        "energy": 17.80433,
        "activity_lines": [
          84.343993,
          84.411639,
          91.070045,
          82.467372
        ]
      },
      {
        "date": "2025-03-07",
        "close": 94.636292,
        "volume": 7702184,
        "typical_volume": 6231210.85,
        "trend": 69.816445,
        "fair_value": 40.455927,
        "relative_strength": 79.932915,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.612601,
        "energy": 25.174306,
        "activity_lines": [
          88.016167,
          86.017623,
          91.569155,
          84.224741
        ]
      },
      {
        "date": "2025-03-14",
        "close": 89.930847,
        "volume": 5189444,
        "typical_volume": 6354941.0,
        "trend": 72.089918,
        "fair_value": 40.739282,
        "relative_strength": 64.985118,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.334129,
        "energy": 23.094411,
        "activity_lines": [
          89.109795,
          86.818175,
          91.30283,
          85.522445
        ]
      },
      {
        "date": "2025-03-21",
        "close": 88.518211,
        "volume": 2965461,
        "typical_volume": 6491786.1,
        "trend": 74.377981,
        "fair_value": 41.011436,
        "relative_strength": 61.568917,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.541727,
        "energy": 24.176926,
        "activity_lines": [
          89.436755,
          87.329326,
          90.625554,
          86.582334
        ]
      },
      {
        "date": "2025-03-28",
        "close": 88.538109,
        "volume": 3759678,
        "typical_volume": 6041808.15,
        "trend": 76.548989,
        "fair_value": 41.291566,
        "relative_strength": 58.882041,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.223609,
        "energy": 21.086964,
        "activity_lines": [
          89.507717,
          87.78115,
          89.747278,
          87.495891
        ]
      },
      {
        "date": "2025-04-04",
        "close": 95.800232,
        "volume": 4154717,
        "typical_volume": 5808738.55,
        "trend": 79.004181,
        "fair_value": 41.637504,
        "relative_strength": 68.433922,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 43.74002,
        "energy": 23.881424,
        "activity_lines": [
          91.547081,
          89.554265,
          89.683043,
          88.737907
        ]
      },
      {
        "date": "2025-04-11",
        "close": 85.255234,
        "volume": 6012727,
        "typical_volume": 5448552.25,
        "trend": 81.096266,
        "fair_value": 41.920138,
        "relative_strength": 51.524388,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 23.301069,
        "energy": 10.923846,
        "activity_lines": [
          89.47058,
          89.136625,
          88.741052,
          89.141201
        ]
      },
      {
        "date": "2025-04-18",
        "close": 88.339149,
        "volume": 3846905,
        "typical_volume": 4958714.75,
        "trend": 83.316683,
        "fair_value": 42.226711,
        "relative_strength": 51.835409,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 18.82567,
        "energy": 8.780088,
        "activity_lines": [
          89.047454,
          89.174789,
          88.335785,
          89.608483
        ]
      },
      {
        "date": "2025-04-25",
        "close": 93.512161,
        "volume": 4860820,
        "typical_volume": 4701651.95,
        "trend": 85.596456,
        "fair_value": 42.57319,
        "relative_strength": 56.363824,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 36.775096,
        "energy": 17.10825,
        "activity_lines": [
          90.454778,
          90.101771,
          88.629681,
          90.266256
        ]
      },
      {
        "date": "2025-05-02",
        "close": 91.124619,
        "volume": 2397545,
        "typical_volume": 4337424.25,
        "trend": 87.6839,
        "fair_value": 42.917242,
        "relative_strength": 49.949749,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 31.929341,
        "energy": 13.125102,
        "activity_lines": [
          90.733326,
          90.432229,
          88.785487,
          90.622912
        ]
      },
      {
        "date": "2025-05-09",
        "close": 90.577469,
        "volume": 2244013,
        "typical_volume": 3985411.8,
        "trend": 89.804835,
        "fair_value": 43.268457,
        "relative_strength": 43.406585,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 13.925224,
        "energy": 12.565513,
        "activity_lines": [
          90.657056,
          90.492822,
          88.962231,
          90.809594
        ]
      },
      {
        "date": "2025-05-16",
        "close": 88.418732,
        "volume": 3521852,
        "typical_volume": 3866097.45,
        "trend": 91.818663,
        "fair_value": 43.612886,
        "relative_strength": 36.38164,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -17.537959,
        "energy": 11.493531,
        "activity_lines": [
          90.209391,
          90.092004,
          88.981796,
          90.720168
        ]
      },
      {
        "date": "2025-05-23",
        "close": 86.548492,
        "volume": 3565880,
        "typical_volume": 3897056.0,
        "trend": 93.640823,
        "fair_value": 43.959431,
        "relative_strength": 31.859823,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -32.597634,
        "energy": 13.572479,
        "activity_lines": [
          88.927413,
          89.464188,
          88.865972,
          90.380157
        ]
      },
      {
        "date": "2025-05-30",
        "close": 95.659332,
        "volume": 3759386,
        "typical_volume": 3879692.75,
        "trend": 95.299118,
        "fair_value": 44.363336,
        "relative_strength": 42.873683,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -6.658763,
        "energy": 3.67874,
        "activity_lines": [
          90.801759,
          90.554387,
          89.625426,
          90.510383
        ]
      },
      {
        "date": "2025-06-06",
        "close": 98.624046,
        "volume": 8088290,
        "typical_volume": 4077182.6,
        "trend": 94.778453,
        "fair_value": 44.770117,
        "relative_strength": 42.644417,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -3.090014,
        "energy": 9.584183,
        "activity_lines": [
          93.521198,
          92.053786,
          90.616743,
          90.724894
        ]
      },
      {
        "date": "2025-06-13",
        "close": 126.274712,
        "volume": 15103156,
        "typical_volume": 4588849.35,
        "trend": 94.908556,
        "fair_value": 45.347769,
        "relative_strength": 78.041188,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 48.989662,
        "energy": 54.854819,
        "activity_lines": [
          104.957564,
          98.397197,
          94.193666,
          92.756911
        ]
      },
      {
        "date": "2025-06-20",
        "close": 101.818344,
        "volume": 8582537,
        "typical_volume": 4989208.05,
        "trend": 93.759534,
        "fair_value": 45.775456,
        "relative_strength": 41.366822,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 25.479316,
        "energy": 47.785439,
        "activity_lines": [
          105.861991,
          99.739916,
          95.224668,
          93.202704
        ]
      },
      {
        "date": "2025-06-27",
        "close": 129.389145,
        "volume": 13603422,
        "typical_volume": 5553649.35,
        "trend": 93.682408,
        "fair_value": 46.355656,
        "relative_strength": 71.637075,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 75.47397,
        "energy": 72.891756,
        "activity_lines": [
          115.063377,
          105.794359,
          98.775113,
          95.501389
        ]
      },
      {
        "date": "2025-07-04",
        "close": 127.272934,
        "volume": 10534581,
        "typical_volume": 5905248.8,
        "trend": 94.182695,
        "fair_value": 46.929406,
        "relative_strength": 62.285162,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.761417,
        "energy": 75.242924,
        "activity_lines": [
          120.703317,
          110.717673,
          101.914989,
          97.668519
        ]
      },
      {
        "date": "2025-07-11",
        "close": 156.191345,
        "volume": 9601246,
        "typical_volume": 6240402.05,
        "trend": 95.840254,
        "fair_value": 47.686292,
        "relative_strength": 91.117994,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 87.706497,
        "energy": 85.795216,
        "activity_lines": [
          133.875153,
          120.285048,
          107.605694,
          101.669077
        ]
      },
      {
        "date": "2025-07-18",
        "close": 130.018036,
        "volume": 14526252,
        "typical_volume": 6701004.8,
        "trend": 96.816041,
        "fair_value": 48.259369,
        "relative_strength": 54.35625,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.591798,
        "energy": 74.440635,
        "activity_lines": [
          134.484733,
          123.910609,
          110.449237,
          103.874096
        ]
      },
      {
        "date": "2025-07-25",
        "close": 121.333534,
        "volume": 7053452,
        "typical_volume": 6668568.2,
        "trend": 97.614094,
        "fair_value": 48.799892,
        "relative_strength": 38.73578,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.548194,
        "energy": 60.700415,
        "activity_lines": [
          131.949924,
          125.240067,
          112.259824,
          105.455869
        ]
      },
      {
        "date": "2025-08-01",
        "close": 121.1838,
        "volume": 7931579,
        "typical_volume": 6805674.95,
        "trend": 98.715548,
        "fair_value": 49.33902,
        "relative_strength": 37.024361,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.712515,
        "energy": 43.449371,
        "activity_lines": [
          128.064191,
          125.94385,
          113.929021,
          106.976495
        ]
      },
      {
        "date": "2025-08-08",
        "close": 111.690735,
        "volume": 4742797,
        "typical_volume": 6894541.75,
        "trend": 99.603364,
        "fair_value": 49.832396,
        "relative_strength": 21.513361,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 39.217809,
        "energy": 22.438168,
        "activity_lines": [
          121.561126,
          124.291889,
          114.545293,
          107.813604
        ]
      },
      {
        "date": "2025-08-15",
        "close": 112.698936,
        "volume": 5375613,
        "typical_volume": 6975338.5,
        "trend": 100.407066,
        "fair_value": 50.331737,
        "relative_strength": 18.498275,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.746268,
        "energy": 20.91927,
        "activity_lines": [
          116.432942,
          122.531757,
          115.147238,
          108.65848
        ]
      },
      {
        "date": "2025-08-22",
        "close": 137.554596,
        "volume": 11023884,
        "typical_volume": 7318796.85,
        "trend": 102.300263,
        "fair_value": 50.985998,
        "relative_strength": 36.792145,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 48.330739,
        "energy": 23.055382,
        "activity_lines": [
          122.489471,
          125.034928,
          118.001338,
          111.055095
        ]
      },
      {
        "date": "2025-08-29",
        "close": 123.459732,
        "volume": 12042496,
        "typical_volume": 7620285.3,
        "trend": 103.766076,
        "fair_value": 51.552889,
        "relative_strength": 19.670838,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.37705,
        "energy": 18.992031,
        "activity_lines": [
          123.345275,
          124.770309,
          119.314239,
          112.420222
        ]
      },
      {
        "date": "2025-09-05",
        "close": 129.498962,
        "volume": 10491477,
        "typical_volume": 7952513.9,
        "trend": 105.232909,
        "fair_value": 52.111764,
        "relative_strength": 24.692038,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 51.497953,
        "energy": 28.901993,
        "activity_lines": [
          126.072409,
          125.210251,
          121.020379,
          114.080408
        ]
      },
      {
        "date": "2025-09-12",
        "close": 165.704361,
        "volume": 12010193,
        "typical_volume": 8309982.55,
        "trend": 107.937095,
        "fair_value": 52.927767,
        "relative_strength": 53.423214,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 79.020019,
        "energy": 64.914975,
        "activity_lines": [
          140.313665,
          132.230996,
          125.978653,
          117.981792
        ]
      },
      {
        "date": "2025-09-19",
        "close": 163.58815,
        "volume": 7773350,
        "typical_volume": 8578772.8,
        "trend": 110.664916,
        "fair_value": 53.751395,
        "relative_strength": 49.863521,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.806802,
        "energy": 73.696618,
        "activity_lines": [
          150.248609,
          138.168223,
          130.391611,
          121.572183
        ]
      },
      {
        "date": "2025-09-26",
        "close": 150.301849,
        "volume": 6400976,
        "typical_volume": 8786620.95,
        "trend": 112.78207,
        "fair_value": 54.494701,
        "relative_strength": 34.584214,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.921878,
        "energy": 71.462378,
        "activity_lines": [
          152.362172,
          141.555271,
          133.194143,
          124.129404
        ]
      },
      {
        "date": "2025-10-03",
        "close": 158.267639,
        "volume": 2622084,
        "typical_volume": 8741632.55,
        "trend": 114.903115,
        "fair_value": 55.294104,
        "relative_strength": 36.815788,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.91993,
        "energy": 74.064866,
        "activity_lines": [
          156.281182,
          146.021848,
          136.470919,
          127.063957
        ]
      },
      {
        "date": "2025-10-10",
        "close": 144.612,
        "volume": 2419999,
        "typical_volume": 8684338.5,
        "trend": 116.72582,
        "fair_value": 56.020076,
        "relative_strength": 22.285917,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.102499,
        "energy": 55.352155,
        "activity_lines": [
          153.327784,
          147.334053,
          138.114544,
          128.980659
        ]
      },
      {
        "date": "2025-10-17",
        "close": 155.033401,
        "volume": 4753543,
        "typical_volume": 8734046.35,
        "trend": 118.942993,
        "fair_value": 56.825902,
        "relative_strength": 30.426265,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.454341,
        "energy": 42.629446,
        "activity_lines": [
          152.840651,
          150.11509,
          140.474191,
          131.452116
        ]
      },
      {
        "date": "2025-10-24",
        "close": 151.349976,
        "volume": 5007469,
        "typical_volume": 8580005.3,
        "trend": 121.036722,
        "fair_value": 57.60762,
        "relative_strength": 21.599712,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.244923,
        "energy": 36.213201,
        "activity_lines": [
          151.837107,
          151.438365,
          142.200302,
          133.542889
        ]
      },
      {
        "date": "2025-10-31",
        "close": 164.057312,
        "volume": 4845086,
        "typical_volume": 8067101.8,
        "trend": 123.311958,
        "fair_value": 58.426363,
        "relative_strength": 29.490326,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.019125,
        "energy": 38.808565,
        "activity_lines": [
          155.88522,
          154.369319,
          144.885559,
          136.318411
        ]
      },
      {
        "date": "2025-11-07",
        "close": 184.670532,
        "volume": 6317704,
        "typical_volume": 7953860.15,
        "trend": 126.625801,
        "fair_value": 59.372333,
        "relative_strength": 43.075546,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.815377,
        "energy": 50.007598,
        "activity_lines": [
          165.887376,
          160.566263,
          149.354063,
          140.277029
        ]
      },
      {
        "date": "2025-11-14",
        "close": 182.145035,
        "volume": 3677752,
        "typical_volume": 7457576.65,
        "trend": 129.752664,
        "fair_value": 60.318271,
        "relative_strength": 40.622891,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.052826,
        "energy": 57.531289,
        "activity_lines": [
          173.287506,
          165.191102,
          153.187509,
          143.858915
        ]
      },
      {
        "date": "2025-11-21",
        "close": 174.568558,
        "volume": 3274900,
        "typical_volume": 7094592.6,
        "trend": 132.454544,
        "fair_value": 61.197248,
        "relative_strength": 39.926423,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.090818,
        "energy": 63.234003,
        "activity_lines": [
          175.659942,
          167.481199,
          156.048168,
          146.750263
        ]
      },
      {
        "date": "2025-11-28",
        "close": 199.543991,
        "volume": 4783034,
        "typical_volume": 6853682.0,
        "trend": 136.068523,
        "fair_value": 62.252667,
        "relative_strength": 56.651109,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.536706,
        "energy": 72.836841,
        "activity_lines": [
          185.055178,
          174.151117,
          161.062222,
          151.078614
        ]
      },
      {
        "date": "2025-12-05",
        "close": 204.235626,
        "volume": 3780562,
        "typical_volume": 6316397.5,
        "trend": 139.857128,
        "fair_value": 63.317157,
        "relative_strength": 57.955972,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.831483,
        "energy": 73.083707,
        "activity_lines": [
          192.801358,
          181.020316,
          166.316657,
          155.476492
        ]
      },
      {
        "date": "2025-12-12",
        "close": 200.49231,
        "volume": 3047997,
        "typical_volume": 6116124.75,
        "trend": 143.592914,
        "fair_value": 64.375237,
        "relative_strength": 53.797732,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.102458,
        "energy": 73.862362,
        "activity_lines": [
          196.621212,
          186.228298,
          170.861169,
          159.388439
        ]
      },
      {
        "date": "2025-12-19",
        "close": 179.779266,
        "volume": 4162927,
        "typical_volume": 5927692.15,
        "trend": 146.700606,
        "fair_value": 65.313592,
        "relative_strength": 36.59234,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.85014,
        "energy": 55.548112,
        "activity_lines": [
          192.481933,
          186.902552,
          173.056063,
          161.723042
        ]
      },
      {
        "date": "2025-12-26",
        "close": 180.108658,
        "volume": 2402885,
        "typical_volume": 5810696.55,
        "trend": 149.515584,
        "fair_value": 66.255611,
        "relative_strength": 33.044111,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.746672,
        "energy": 43.93092,
        "activity_lines": [
          188.610168,
          186.997289,
          175.003302,
          163.878401
        ]
      },
      {
        "date": "2026-01-02",
        "close": 153.526093,
        "volume": 4297768,
        "typical_volume": 5756804.3,
        "trend": 151.345652,
        "fair_value": 67.019461,
        "relative_strength": 12.548298,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 25.739452,
        "energy": 15.945506,
        "activity_lines": [
          175.508209,
          181.80292,
          174.093069,
          164.137143
        ]
      },
      {
        "date": "2026-01-09",
        "close": 161.591705,
        "volume": 4525928,
        "typical_volume": 5431906.5,
        "trend": 152.522885,
        "fair_value": 67.84912,
        "relative_strength": 13.318556,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 22.06245,
        "energy": 22.477425,
        "activity_lines": [
          168.162648,
          178.035459,
          173.756574,
          164.798179
        ]
      },
      {
        "date": "2026-01-16",
        "close": 156.131454,
        "volume": 4588265,
        "typical_volume": 5059194.95,
        "trend": 154.333322,
        "fair_value": 68.641665,
        "relative_strength": 9.331349,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 10.094877,
        "energy": 21.941399,
        "activity_lines": [
          161.83993,
          173.320055,
          172.785593,
          165.03099
        ]
      },
      {
        "date": "2026-01-23",
        "close": 150.082245,
        "volume": 4120908,
        "typical_volume": 4740666.5,
        "trend": 155.023092,
        "fair_value": 69.38493,
        "relative_strength": 3.56967,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -7.725332,
        "energy": 25.834513,
        "activity_lines": [
          156.4582,
          168.023687,
          171.082916,
          164.756727
        ]
      },
      {
        "date": "2026-01-30",
        "close": 143.5439,
        "volume": 2714327,
        "typical_volume": 4275873.2,
        "trend": 155.565458,
        "fair_value": 70.072053,
        "relative_strength": -1.06923,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -31.203312,
        "energy": 40.208836,
        "activity_lines": [
          150.876823,
          162.121488,
          168.659525,
          164.016134
        ]
      },
      {
        "date": "2026-02-06",
        "close": 139.431229,
        "volume": 2833248,
        "typical_volume": 4028868.1,
        "trend": 155.006787,
        "fair_value": 70.734926,
        "relative_strength": -3.111057,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -36.451224,
        "energy": 56.619843,
        "activity_lines": [
          146.362206,
          156.035616,
          165.949977,
          162.975216
        ]
      },
      {
        "date": "2026-02-13",
        "close": 147.347122,
        "volume": 2955895,
        "typical_volume": 3856614.05,
        "trend": 155.584424,
        "fair_value": 71.43487,
        "relative_strength": 1.379804,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -25.971484,
        "energy": 51.940379,
        "activity_lines": [
          145.425878,
          152.481957,
          164.109356,
          162.481044
        ]
      },
      {
        "date": "2026-02-27",
        "close": 142.525711,
        "volume": 2691383,
        "typical_volume": 3860079.0,
        "trend": 156.290829,
        "fair_value": 72.110557,
        "relative_strength": -4.359848,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -27.762453,
        "energy": 47.312147,
        "activity_lines": [
          143.832052,
          149.086014,
          161.823624,
          161.638546
        ]
      },
      {
        "date": "2026-03-06",
        "close": 138.85228,
        "volume": 2103363,
        "typical_volume": 3844247.2,
        "trend": 156.879779,
        "fair_value": 72.774752,
        "relative_strength": -6.329942,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -40.272612,
        "energy": 52.145195,
        "activity_lines": [
          141.920798,
          146.076112,
          159.263002,
          160.513478
        ]
      },
      {
        "date": "2026-03-13",
        "close": 137.794159,
        "volume": 2086459,
        "typical_volume": 3710893.0,
        "trend": 157.749893,
        "fair_value": 73.395873,
        "relative_strength": -6.670176,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -38.870725,
        "energy": 44.625136,
        "activity_lines": [
          140.405501,
          143.617952,
          156.629035,
          159.282148
        ]
      },
      {
        "date": "2026-03-20",
        "close": 133.751373,
        "volume": 1728494,
        "typical_volume": 3546944.25,
        "trend": 158.451641,
        "fair_value": 73.997231,
        "relative_strength": -6.613747,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -69.161487,
        "energy": 61.815021,
        "activity_lines": [
          137.925926,
          141.194095,
          153.692131,
          157.733856
        ]
      },
      {
        "date": "2026-03-27",
        "close": 124.957062,
        "volume": 2600184,
        "typical_volume": 3434699.15,
        "trend": 158.031723,
        "fair_value": 74.547808,
        "relative_strength": -12.050767,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.055493,
        "energy": 76.021259,
        "activity_lines": [
          132.89357,
          137.530812,
          150.001477,
          155.572916
        ]
      },
      {
        "date": "2026-04-03",
        "close": 131.924637,
        "volume": 4194874,
        "typical_volume": 3328557.65,
        "trend": 158.313887,
        "fair_value": 75.148393,
        "relative_strength": -6.716655,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.141599,
        "energy": 62.310442,
        "activity_lines": [
          131.67641,
          135.800445,
          147.160594,
          153.888588
        ]
      },
      {
        "date": "2026-04-10",
        "close": 137.295044,
        "volume": 2619896,
        "typical_volume": 3275664.85,
        "trend": 158.573756,
        "fair_value": 75.790674,
        "relative_strength": -5.791062,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.370762,
        "energy": 57.880031,
        "activity_lines": [
          132.956124,
          135.48664,
          145.082348,
          152.532533
        ]
      },
      {
        "date": "2026-04-17",
        "close": 136.426605,
        "volume": 1803713,
        "typical_volume": 3202105.5,
        "trend": 157.597831,
        "fair_value": 76.430185,
        "relative_strength": -8.248026,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.369993,
        "energy": 45.586178,
        "activity_lines": [
          134.050174,
          135.247432,
          143.134966,
          151.103685
        ]
      },
      {
        "date": "2026-04-24",
        "close": 137.35495,
        "volume": 1938886,
        "typical_volume": 3059898.1,
        "trend": 156.723391,
        "fair_value": 77.066947,
        "relative_strength": -8.589638,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -44.404227,
        "energy": 33.627611,
        "activity_lines": [
          135.544843,
          135.306418,
          141.457625,
          149.797693
        ]
      },
      {
        "date": "2026-05-01",
        "close": 130.0979,
        "volume": 2101031,
        "typical_volume": 2975921.55,
        "trend": 156.049926,
        "fair_value": 77.648427,
        "relative_strength": -14.244332,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -51.374214,
        "energy": 35.288133,
        "activity_lines": [
          134.380256,
          134.083692,
          139.385276,
          148.079919
        ]
      },
      {
        "date": "2026-05-08",
        "close": 143.733566,
        "volume": 2187111,
        "typical_volume": 2932877.25,
        "trend": 155.565457,
        "fair_value": 78.336828,
        "relative_strength": -7.112232,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -38.241846,
        "energy": 25.145465,
        "activity_lines": [
          137.418169,
          135.6538,
          138.964598,
          147.285315
        ]
      },
      {
        "date": "2026-05-15",
        "close": 135.478287,
        "volume": 2186533,
        "typical_volume": 2834057.55,
        "trend": 155.261,
        "fair_value": 78.986168,
        "relative_strength": -11.763057,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -39.069231,
        "energy": 24.49222,
        "activity_lines": [
          136.91706,
          135.700987,
          138.027982,
          145.989369
        ]
      },
      {
        "date": "2026-05-22",
        "close": 124.777382,
        "volume": 1571703,
        "typical_volume": 2792498.45,
        "trend": 154.252466,
        "fair_value": 79.573251,
        "relative_strength": -18.460531,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.743613,
        "energy": 38.506338,
        "activity_lines": [
          132.9701,
          133.863901,
          136.28319,
          144.022684
        ]
      },
      {
        "date": "2026-05-29",
        "close": 111.519997,
        "volume": 2045380,
        "typical_volume": 2679879.05,
        "trend": 152.9248,
        "fair_value": 80.075102,
        "relative_strength": -26.389363,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -78.121865,
        "energy": 52.64629,
        "activity_lines": [
          125.380627,
          129.853049,
          133.539272,
          141.26575
        ]
      },
      {
        "date": "2026-06-05",
        "close": 103.419998,
        "volume": 359791,
        "typical_volume": 2471572.2,
        "trend": 150.903556,
        "fair_value": 80.513534,
        "relative_strength": -30.940432,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -84.653992,
        "energy": 82.23447,
        "activity_lines": [
          116.813484,
          124.773677,
          130.223955,
          138.071892
        ]
      },
      {
        "date": "2026-06-12",
        "close": 98.0,
        "volume": 349661,
        "typical_volume": 2259642.0,
        "trend": 148.014538,
        "fair_value": 80.914612,
        "relative_strength": -34.457452,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -83.926177,
        "energy": 90.512064,
        "activity_lines": [
          108.218202,
          119.100434,
          126.669456,
          134.658759
        ]
      },
      {
        "date": "2026-06-19",
        "close": 105.449997,
        "volume": 3010539,
        "typical_volume": 2204123.55,
        "trend": 145.458037,
        "fair_value": 81.360277,
        "relative_strength": -30.070476,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.876209,
        "energy": 83.966795,
        "activity_lines": [
          105.155157,
          115.398548,
          124.101296,
          131.91266
        ]
      },
      {
        "date": "2026-06-26",
        "close": 98.0,
        "volume": 752869,
        "typical_volume": 2106050.65,
        "trend": 142.905752,
        "fair_value": 81.767445,
        "relative_strength": -33.784622,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.804332,
        "energy": 86.963092,
        "activity_lines": [
          101.610665,
          110.921117,
          121.036147,
          128.850851
        ]
      },
      {
        "date": "2026-07-03",
        "close": 103.550003,
        "volume": 750233,
        "typical_volume": 2001899.9,
        "trend": 139.705952,
        "fair_value": 82.214396,
        "relative_strength": -29.871139,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.353569,
        "energy": 78.434419,
        "activity_lines": [
          101.701334,
          108.151444,
          118.716446,
          126.311771
        ]
      },
      {
        "date": "2026-07-10",
        "close": 96.720001,
        "volume": 3494229,
        "typical_volume": 2028816.6,
        "trend": 136.122098,
        "fair_value": 82.616311,
        "relative_strength": -33.280977,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.686957,
        "energy": 61.601994,
        "activity_lines": [
          100.046667,
          104.754587,
          115.917132,
          123.538483
        ]
      },
      {
        "date": "2026-07-17",
        "close": 81.510002,
        "volume": 3983749,
        "typical_volume": 2093434.9,
        "trend": 132.156021,
        "fair_value": 82.90907,
        "relative_strength": -39.575795,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -83.587597,
        "energy": 67.309627,
        "activity_lines": [
          93.768668,
          99.199147,
          111.910327,
          120.015122
        ]
      },
      {
        "date": "2026-07-24",
        "close": 79.040001,
        "volume": 3453504,
        "typical_volume": 2160941.95,
        "trend": 128.798045,
        "fair_value": 83.196336,
        "relative_strength": -41.672823,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -79.305911,
        "energy": 67.605963,
        "activity_lines": [
          87.766668,
          94.325953,
          107.958836,
          116.588282
        ]
      },
      {
        "date": "2026-07-31",
        "close": 80.5,
        "volume": 2483815,
        "typical_volume": 2180809.75,
        "trend": 125.477757,
        "fair_value": 83.493901,
        "relative_strength": -40.464322,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.411699,
        "energy": 75.484098,
        "activity_lines": [
          84.012001,
          90.744364,
          104.431212,
          113.47228
        ]
      },
      {
        "date": "2026-08-07",
        "close": 89.870003,
        "volume": 2025426,
        "typical_volume": 2195656.35,
        "trend": 123.355887,
        "fair_value": 83.854413,
        "relative_strength": -34.954415,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.417806,
        "energy": 72.480566,
        "activity_lines": [
          84.547335,
          89.671456,
          102.068799,
          111.175005
        ]
      }
    ],
    "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."
    }
  }
}