{
  "ticker": {
    "uuid": "36560ae3-7624-417a-9266-64e573e13fb2",
    "symbol": "269540",
    "name": "Hanwha Investment Trust Management - Arirang S&P 500 ETF Fund",
    "exchange": "KSC",
    "country": "KR",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^KS11",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 72.505,
    "architecture_energy": 46.487,
    "architecture_maturity": 80.583,
    "architecture_confidence": 53.473,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 25.05,
        "rotation_up": 47.15,
        "upward_expansion": 75.58,
        "deceleration": 68.41,
        "rotation_down": 28.81,
        "downward_expansion": 11.25
      },
      "activity_lines": [
        29797.0,
        29771.0,
        29532.466908,
        28974.999198
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 30250.0,
    "trend_reference": 28334.900391,
    "distance_from_trend": 0.067588,
    "trend_direction": "Improving",
    "fair_value": 23583.746795,
    "distance_from_fair_value": 0.282663,
    "fair_value_direction": "Weakening",
    "relative_strength": -12.922392,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.122307,
    "excess_performance": -0.107521,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.067588,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.032203,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.282663,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.000875,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.129224,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.285811,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.122307,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.534572,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 109723,
      "relative_activity": 1.203308,
      "balance": 2.534572,
      "dry_up": 0.76187,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.021971,
      "annualized_volatility": 0.119495,
      "from_high_reference": -0.009982,
      "from_low_reference": 0.203841
    },
    "levels": {
      "trend_reference": 28334.900391,
      "fair_value_reference": 23583.746795,
      "structural_low": 25127.912515,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 39,
        "median_return": 0.010847,
        "positive_rate": 0.641026,
        "directional_follow_through": 0.641026,
        "median_excess_return": 0.008189,
        "regime_survival": 0.820513,
        "best_return": 0.065347,
        "worst_return": -0.064849,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 15,
        "median_return": 0.043463,
        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": 0.047781,
        "regime_survival": 0.733333,
        "best_return": 0.088068,
        "worst_return": -0.085163,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": 0.079382,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.05996,
        "regime_survival": 0.625,
        "best_return": 0.15091,
        "worst_return": -0.159479,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.111905,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.135083,
        "regime_survival": 0.5,
        "best_return": 0.187978,
        "worst_return": -0.069754,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-24",
        "end": "2024-08-09",
        "tenure": "Developing",
        "return": 0.006982,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-16",
        "end": "2024-08-30",
        "tenure": "New",
        "return": 0.005533,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-06",
        "end": "2025-01-03",
        "tenure": "Established",
        "return": 0.074607,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-10",
        "end": "2025-01-31",
        "tenure": "New",
        "return": 0.02794,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-07",
        "end": "2025-03-14",
        "tenure": "Developing",
        "return": -0.086648,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-21",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.059067,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-05-23",
        "tenure": "Developing",
        "return": 0.091828,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-30",
        "end": "2025-06-06",
        "tenure": "New",
        "return": 0.009378,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-13",
        "end": "2025-07-18",
        "tenure": "Developing",
        "return": 0.061679,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-25",
        "end": "2026-02-20",
        "tenure": "Extended",
        "return": 0.084739,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-27",
        "end": "2026-03-20",
        "tenure": "New",
        "return": -0.034483,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-27",
        "end": "2026-04-17",
        "tenure": "New",
        "return": 0.075428,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-24",
        "end": "2026-05-01",
        "tenure": "New",
        "return": -0.000193,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-08",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": 0.043463,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 17743.525391,
        "volume": 63296,
        "typical_volume": 41533.2,
        "trend": 17118.961263,
        "fair_value": 16529.633163,
        "relative_strength": 4.294061,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 54.764337,
        "energy": 57.05865,
        "activity_lines": [
          18079.815495,
          18089.064134,
          17793.259822,
          17488.833724
        ]
      },
      {
        "date": "2023-08-25",
        "close": 17738.619141,
        "volume": 36700,
        "typical_volume": 38019.65,
        "trend": 17163.008919,
        "fair_value": 16554.841396,
        "relative_strength": 3.641881,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.262929,
        "energy": 37.870395,
        "activity_lines": [
          17934.569792,
          18034.820171,
          17815.85838,
          17528.811652
        ]
      },
      {
        "date": "2023-09-01",
        "close": 18253.847656,
        "volume": 37764,
        "typical_volume": 37214.05,
        "trend": 17211.797266,
        "fair_value": 16584.625545,
        "relative_strength": 4.704908,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 57.620821,
        "energy": 36.885873,
        "activity_lines": [
          17999.341146,
          18076.841371,
          17882.779353,
          17599.188344
        ]
      },
      {
        "date": "2023-09-08",
        "close": 18072.291016,
        "volume": 29915,
        "typical_volume": 36470.5,
        "trend": 17262.445964,
        "fair_value": 16615.357459,
        "relative_strength": 4.272971,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.564213,
        "energy": 28.404,
        "activity_lines": [
          18012.753386,
          18075.235441,
          17925.923893,
          17654.70407
        ]
      },
      {
        "date": "2023-09-15",
        "close": 18253.847656,
        "volume": 20655,
        "typical_volume": 35381.75,
        "trend": 17318.823568,
        "fair_value": 16647.315311,
        "relative_strength": 3.075933,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 58.337973,
        "energy": 43.267972,
        "activity_lines": [
          18102.713932,
          18103.160298,
          17980.531157,
          17718.66547
        ]
      },
      {
        "date": "2023-09-22",
        "close": 17566.875,
        "volume": 20546,
        "typical_volume": 34710.25,
        "trend": 17359.406999,
        "fair_value": 16677.66425,
        "relative_strength": 2.825558,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.694866,
        "energy": 24.15912,
        "activity_lines": [
          17954.196875,
          17998.865234,
          17963.123131,
          17734.668788
        ]
      },
      {
        "date": "2023-09-29",
        "close": 17360.785156,
        "volume": 22864,
        "typical_volume": 34620.2,
        "trend": 17397.803581,
        "fair_value": 16703.83523,
        "relative_strength": 3.397134,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -8.318559,
        "energy": 14.59526,
        "activity_lines": [
          17748.759896,
          17868.875959,
          17922.091843,
          17734.757701
        ]
      },
      {
        "date": "2023-10-06",
        "close": 17203.759766,
        "volume": 37149,
        "typical_volume": 33920.65,
        "trend": 17442.269238,
        "fair_value": 16727.291736,
        "relative_strength": 4.796852,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -17.597765,
        "energy": 30.796509,
        "activity_lines": [
          17516.170052,
          17727.644744,
          17863.74575,
          17722.238745
        ]
      },
      {
        "date": "2023-10-13",
        "close": 17620.851563,
        "volume": 42243,
        "typical_volume": 34310.6,
        "trend": 17490.303581,
        "fair_value": 16752.303999,
        "relative_strength": 5.200443,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -2.642188,
        "energy": 28.836349,
        "activity_lines": [
          17492.616667,
          17683.839027,
          17844.865662,
          17733.760186
        ]
      },
      {
        "date": "2023-10-20",
        "close": 17243.017578,
        "volume": 25873,
        "typical_volume": 32436.25,
        "trend": 17528.65,
        "fair_value": 16775.763728,
        "relative_strength": 6.346046,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -31.877551,
        "energy": 51.671973,
        "activity_lines": [
          17373.214583,
          17583.915874,
          17786.659989,
          17717.80625
        ]
      },
      {
        "date": "2023-10-27",
        "close": 16816.111328,
        "volume": 37319,
        "typical_volume": 32445.8,
        "trend": 17538.55638,
        "fair_value": 16801.64167,
        "relative_strength": 6.848369,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -46.866076,
        "energy": 65.404348,
        "activity_lines": [
          17178.899089,
          17422.164844,
          17687.703106,
          17671.836013
        ]
      },
      {
        "date": "2023-11-03",
        "close": 17454.015625,
        "volume": 84307,
        "typical_volume": 34057.35,
        "trend": 17562.298373,
        "fair_value": 16825.491311,
        "relative_strength": 7.602713,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -31.55476,
        "energy": 33.101332,
        "activity_lines": [
          17247.269271,
          17393.258487,
          17652.373093,
          17666.381771
        ]
      },
      {
        "date": "2023-11-10",
        "close": 17537.433594,
        "volume": 37429,
        "typical_volume": 34015.4,
        "trend": 17583.815169,
        "fair_value": 16848.633564,
        "relative_strength": 6.068586,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -28.374576,
        "energy": 28.477314,
        "activity_lines": [
          17337.230078,
          17384.693644,
          17627.020517,
          17664.777592
        ]
      },
      {
        "date": "2023-11-17",
        "close": 18155.708984,
        "volume": 26918,
        "typical_volume": 33833.15,
        "trend": 17627.394466,
        "fair_value": 16875.024909,
        "relative_strength": 6.90256,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 14.079013,
        "energy": 9.059078,
        "activity_lines": [
          17611.03776,
          17501.568217,
          17661.182208,
          17701.673967
        ]
      },
      {
        "date": "2023-11-24",
        "close": 18351.988281,
        "volume": 112844,
        "typical_volume": 39157.2,
        "trend": 17676.791081,
        "fair_value": 16901.028652,
        "relative_strength": 6.721143,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 29.850608,
        "energy": 31.508509,
        "activity_lines": [
          17914.614713,
          17652.613246,
          17712.728637,
          17748.421955
        ]
      },
      {
        "date": "2023-12-01",
        "close": 18371.615234,
        "volume": 72932,
        "typical_volume": 42154.15,
        "trend": 17731.585352,
        "fair_value": 16926.195557,
        "relative_strength": 6.319892,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "up",
        "direction": 60.140649,
        "energy": 50.470699,
        "activity_lines": [
          18150.802604,
          17805.442436,
          17763.760919,
          17793.24932
        ]
      },
      {
        "date": "2023-12-08",
        "close": 18474.662109,
        "volume": 41344,
        "typical_volume": 42193.75,
        "trend": 17785.234635,
        "fair_value": 16952.240391,
        "relative_strength": 6.205535,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 63.359603,
        "energy": 71.908147,
        "activity_lines": [
          18317.639192,
          17962.375781,
          17823.859459,
          17841.189756
        ]
      },
      {
        "date": "2023-12-15",
        "close": 18999.703125,
        "volume": 65918,
        "typical_volume": 43354.35,
        "trend": 17846.898568,
        "fair_value": 16980.253487,
        "relative_strength": 7.072164,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 86.036056,
        "energy": 87.056601,
        "activity_lines": [
          18591.446354,
          18194.518821,
          17933.190811,
          17919.542561
        ]
      },
      {
        "date": "2023-12-22",
        "close": 19063.494141,
        "volume": 79370,
        "typical_volume": 46179.3,
        "trend": 17918.376432,
        "fair_value": 17009.01709,
        "relative_strength": 5.768992,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.462961,
        "energy": 91.326312,
        "activity_lines": [
          18789.032552,
          18405.606712,
          18045.700074,
          17998.032598
        ]
      },
      {
        "date": "2023-12-29",
        "close": 19264.677734,
        "volume": 53639,
        "typical_volume": 47451.25,
        "trend": 17986.419401,
        "fair_value": 17038.107685,
        "relative_strength": 4.533204,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.908674,
        "energy": 93.537078,
        "activity_lines": [
          18993.160937,
          18627.043572,
          18173.794624,
          18084.890747
        ]
      },
      {
        "date": "2024-01-05",
        "close": 18867.216797,
        "volume": 54933,
        "typical_volume": 47033.1,
        "trend": 18034.671029,
        "fair_value": 17062.632011,
        "relative_strength": 5.285098,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.66707,
        "energy": 86.602852,
        "activity_lines": [
          19003.95638,
          18739.457351,
          18258.544652,
          18141.716385
        ]
      },
      {
        "date": "2024-01-12",
        "close": 19205.794922,
        "volume": 37467,
        "typical_volume": 47071.45,
        "trend": 18078.833594,
        "fair_value": 17090.444618,
        "relative_strength": 9.168708,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.545909,
        "energy": 87.430987,
        "activity_lines": [
          19094.571094,
          18876.137962,
          18370.189304,
          18217.272765
        ]
      },
      {
        "date": "2024-01-19",
        "close": 19269.585938,
        "volume": 22623,
        "typical_volume": 46314.4,
        "trend": 18132.155729,
        "fair_value": 17116.989289,
        "relative_strength": 11.486714,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.887062,
        "energy": 82.66456,
        "activity_lines": [
          19157.707292,
          18992.566406,
          18480.92274,
          18294.095497
        ]
      },
      {
        "date": "2024-01-26",
        "close": 19617.978516,
        "volume": 39660,
        "typical_volume": 46801.65,
        "trend": 18190.057747,
        "fair_value": 17148.375682,
        "relative_strength": 12.830467,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.328997,
        "energy": 83.171463,
        "activity_lines": [
          19318.982162,
          19140.845277,
          18619.999572,
          18389.955032
        ]
      },
      {
        "date": "2024-02-02",
        "close": 19848.607422,
        "volume": 32090,
        "typical_volume": 47373.4,
        "trend": 18256.628711,
        "fair_value": 17177.638334,
        "relative_strength": 7.945113,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.714553,
        "energy": 94.369581,
        "activity_lines": [
          19520.167709,
          19304.469958,
          18773.680646,
          18496.958237
        ]
      },
      {
        "date": "2024-02-09",
        "close": 20089.048828,
        "volume": 40498,
        "typical_volume": 48371.0,
        "trend": 18319.110612,
        "fair_value": 17207.231207,
        "relative_strength": 8.756974,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.767121,
        "energy": 95.222562,
        "activity_lines": [
          19762.571745,
          19484.6,
          18942.666806,
          18615.178889
        ]
      },
      {
        "date": "2024-02-16",
        "close": 20221.535156,
        "volume": 44892,
        "typical_volume": 49472.4,
        "trend": 18382.73737,
        "fair_value": 17238.077042,
        "relative_strength": 8.040167,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.026339,
        "energy": 95.533921,
        "activity_lines": [
          19967.682422,
          19657.592401,
          19112.260361,
          18737.915957
        ]
      },
      {
        "date": "2024-02-23",
        "close": 20461.974609,
        "volume": 40854,
        "typical_volume": 49657.65,
        "trend": 18451.761719,
        "fair_value": 17272.544703,
        "relative_strength": 8.276221,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.321065,
        "energy": 95.602486,
        "activity_lines": [
          20185.223568,
          19842.539737,
          19291.130292,
          18872.060295
        ]
      },
      {
        "date": "2024-03-01",
        "close": 20388.371094,
        "volume": 51095,
        "typical_volume": 50100.25,
        "trend": 18520.949674,
        "fair_value": 17308.062143,
        "relative_strength": 8.611382,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.628704,
        "energy": 90.650931,
        "activity_lines": [
          20298.73763,
          19987.517862,
          19447.475056,
          18997.002835
        ]
      },
      {
        "date": "2024-03-08",
        "close": 20746.578125,
        "volume": 72197,
        "typical_volume": 52416.45,
        "trend": 18608.78405,
        "fair_value": 17341.435215,
        "relative_strength": 8.625901,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.035438,
        "energy": 90.148244,
        "activity_lines": [
          20480.294531,
          20173.535866,
          19624.75611,
          19140.591767
        ]
      },
      {
        "date": "2024-03-15",
        "close": 20672.974609,
        "volume": 30306,
        "typical_volume": 52065.8,
        "trend": 18706.432357,
        "fair_value": 17374.926476,
        "relative_strength": 8.496594,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.231786,
        "energy": 74.25906,
        "activity_lines": [
          20577.452213,
          20319.22777,
          19778.343685,
          19273.765352
        ]
      },
      {
        "date": "2024-03-22",
        "close": 21055.714844,
        "volume": 36295,
        "typical_volume": 49665.2,
        "trend": 18817.002214,
        "fair_value": 17410.343293,
        "relative_strength": 6.93284,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.525473,
        "energy": 75.493141,
        "activity_lines": [
          20763.261589,
          20501.676847,
          19950.016695,
          19425.331964
        ]
      },
      {
        "date": "2024-03-29",
        "close": 21178.388672,
        "volume": 48513,
        "typical_volume": 50219.4,
        "trend": 18914.486914,
        "fair_value": 17444.155405,
        "relative_strength": 7.33139,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.169293,
        "energy": 77.833484,
        "activity_lines": [
          20934.35026,
          20672.795348,
          20116.221977,
          19577.679477
        ]
      },
      {
        "date": "2024-04-05",
        "close": 20756.390625,
        "volume": 54900,
        "typical_volume": 51618.5,
        "trend": 19003.956901,
        "fair_value": 17473.461332,
        "relative_strength": 6.186316,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.154444,
        "energy": 67.860186,
        "activity_lines": [
          20917.011979,
          20732.481428,
          20224.899089,
          19696.511975
        ]
      },
      {
        "date": "2024-04-12",
        "close": 20933.042969,
        "volume": 36891,
        "typical_volume": 47820.85,
        "trend": 19093.263411,
        "fair_value": 17502.253837,
        "relative_strength": 8.026715,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.681912,
        "energy": 67.085353,
        "activity_lines": [
          20934.023177,
          20803.587713,
          20338.016034,
          19820.969141
        ]
      },
      {
        "date": "2024-04-19",
        "close": 20015.443359,
        "volume": 85425,
        "typical_volume": 48445.5,
        "trend": 19174.882357,
        "fair_value": 17525.878512,
        "relative_strength": 6.56429,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.535083,
        "energy": 51.367308,
        "activity_lines": [
          20632.736849,
          20688.140696,
          20351.451804,
          19880.464621
        ]
      },
      {
        "date": "2024-04-26",
        "close": 20511.044922,
        "volume": 48579,
        "typical_volume": 48807.25,
        "trend": 19279.891016,
        "fair_value": 17551.220634,
        "relative_strength": 6.276806,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 44.360206,
        "energy": 36.038323,
        "activity_lines": [
          20540.486458,
          20664.141335,
          20404.25997,
          19966.668658
        ]
      },
      {
        "date": "2024-05-03",
        "close": 20437.085938,
        "volume": 28338,
        "typical_volume": 46928.25,
        "trend": 19387.668555,
        "fair_value": 17575.747077,
        "relative_strength": 4.827788,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.740634,
        "energy": 26.499742,
        "activity_lines": [
          20459.894401,
          20621.431073,
          20440.327362,
          20041.326395
        ]
      },
      {
        "date": "2024-05-10",
        "close": 20994.238281,
        "volume": 27822,
        "typical_volume": 44350.85,
        "trend": 19500.114779,
        "fair_value": 17605.459761,
        "relative_strength": 5.426118,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 55.389564,
        "energy": 31.712619,
        "activity_lines": [
          20614.439974,
          20680.473757,
          20522.612202,
          20144.976054
        ]
      },
      {
        "date": "2024-05-17",
        "close": 21280.208984,
        "volume": 35864,
        "typical_volume": 43462.1,
        "trend": 19634.687825,
        "fair_value": 17636.074006,
        "relative_strength": 6.684423,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 77.208446,
        "energy": 53.858599,
        "activity_lines": [
          20848.452604,
          20780.495348,
          20622.938328,
          20259.820842
        ]
      },
      {
        "date": "2024-05-24",
        "close": 21186.527344,
        "volume": 61187,
        "typical_volume": 43774.8,
        "trend": 19780.368359,
        "fair_value": 17665.218237,
        "relative_strength": 7.31952,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.068612,
        "energy": 57.751261,
        "activity_lines": [
          21028.09362,
          20853.781534,
          20704.744624,
          20359.93952
        ]
      },
      {
        "date": "2024-05-31",
        "close": 21028.751953,
        "volume": 46009,
        "typical_volume": 44201.9,
        "trend": 19899.526237,
        "fair_value": 17694.034255,
        "relative_strength": 8.200198,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.055428,
        "energy": 54.866992,
        "activity_lines": [
          21077.070573,
          20889.043963,
          20760.480357,
          20440.480397
        ]
      },
      {
        "date": "2024-06-07",
        "close": 21556.320313,
        "volume": 19395,
        "typical_volume": 44040.5,
        "trend": 20033.489128,
        "fair_value": 17724.896847,
        "relative_strength": 7.036071,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.579653,
        "energy": 74.573845,
        "activity_lines": [
          21267.389844,
          21020.718146,
          20857.779948,
          20547.370338
        ]
      },
      {
        "date": "2024-06-14",
        "close": 21866.943359,
        "volume": 44279,
        "typical_volume": 44271.45,
        "trend": 20157.19694,
        "fair_value": 17757.843775,
        "relative_strength": 6.860735,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.876247,
        "energy": 80.073346,
        "activity_lines": [
          21486.634505,
          21201.997763,
          20973.773475,
          20665.657708
        ]
      },
      {
        "date": "2024-06-21",
        "close": 22049.373047,
        "volume": 32246,
        "typical_volume": 44279.25,
        "trend": 20280.443099,
        "fair_value": 17790.904309,
        "relative_strength": 6.464059,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.860318,
        "energy": 84.039307,
        "activity_lines": [
          21708.508724,
          21396.254545,
          21096.431901,
          20787.733585
        ]
      },
      {
        "date": "2024-06-28",
        "close": 22093.748047,
        "volume": 28849,
        "typical_volume": 43696.8,
        "trend": 20404.514193,
        "fair_value": 17822.882975,
        "relative_strength": 5.908374,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.678065,
        "energy": 88.469676,
        "activity_lines": [
          21893.897005,
          21578.282599,
          21212.836682,
          20904.721001
        ]
      },
      {
        "date": "2024-07-05",
        "close": 22251.525391,
        "volume": 39764,
        "typical_volume": 43440.4,
        "trend": 20530.409635,
        "fair_value": 17855.5625,
        "relative_strength": 4.074041,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.413298,
        "energy": 89.536792,
        "activity_lines": [
          22071.396354,
          21751.210085,
          21334.721689,
          21023.883014
        ]
      },
      {
        "date": "2024-07-12",
        "close": 22443.816406,
        "volume": 31330,
        "typical_volume": 42964.2,
        "trend": 20645.213411,
        "fair_value": 17888.605181,
        "relative_strength": 4.91559,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.078749,
        "energy": 89.319397,
        "activity_lines": [
          22231.474479,
          21927.454474,
          21465.253506,
          21147.328612
        ]
      },
      {
        "date": "2024-07-19",
        "close": 22350.134766,
        "volume": 51921,
        "typical_volume": 43005.5,
        "trend": 20754.768099,
        "fair_value": 17920.395232,
        "relative_strength": 6.510096,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.056312,
        "energy": 85.897991,
        "activity_lines": [
          22301.158985,
          22050.17983,
          21577.425921,
          21257.323538
        ]
      },
      {
        "date": "2024-07-26",
        "close": 21783.125,
        "volume": 53756,
        "typical_volume": 42083.45,
        "trend": 20838.716341,
        "fair_value": 17948.488494,
        "relative_strength": 5.972698,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.046959,
        "energy": 61.778725,
        "activity_lines": [
          22149.627474,
          22045.159837,
          21626.255673,
          21323.669145
        ]
      },
      {
        "date": "2024-08-02",
        "close": 21659.861328,
        "volume": 63101,
        "typical_volume": 43723.2,
        "trend": 20931.804492,
        "fair_value": 17974.766865,
        "relative_strength": 7.276552,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 51.195743,
        "energy": 44.20547,
        "activity_lines": [
          21974.757943,
          22008.58434,
          21658.410091,
          21376.646241
        ]
      },
      {
        "date": "2024-08-09",
        "close": 21334.445313,
        "volume": 164592,
        "typical_volume": 50138.05,
        "trend": 21002.759505,
        "fair_value": 17997.71711,
        "relative_strength": 8.899633,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 34.68075,
        "energy": 23.354633,
        "activity_lines": [
          21720.342188,
          21904.236222,
          21654.873047,
          21402.623068
        ]
      },
      {
        "date": "2024-08-16",
        "close": 22276.177734,
        "volume": 28544,
        "typical_volume": 49139.6,
        "trend": 21102.979232,
        "fair_value": 18027.884115,
        "relative_strength": 8.795352,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 51.574334,
        "energy": 29.003164,
        "activity_lines": [
          21840.975911,
          21965.554119,
          21739.697517,
          21484.779083
        ]
      },
      {
        "date": "2024-08-23",
        "close": 22379.720703,
        "volume": 30966,
        "typical_volume": 47942.9,
        "trend": 21195.037305,
        "fair_value": 18056.789576,
        "relative_strength": 8.778343,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 56.838654,
        "energy": 32.634248,
        "activity_lines": [
          22007.29987,
          22032.609695,
          21829.155655,
          21567.1495
        ]
      },
      {
        "date": "2024-08-30",
        "close": 22399.441406,
        "volume": 50585,
        "typical_volume": 48627.6,
        "trend": 21280.065104,
        "fair_value": 18084.361967,
        "relative_strength": 9.641186,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 64.981869,
        "energy": 43.888137,
        "activity_lines": [
          22178.225,
          22093.927628,
          21912.761812,
          21644.852991
        ]
      },
      {
        "date": "2024-09-06",
        "close": 21940.902344,
        "volume": 69663,
        "typical_volume": 47839.5,
        "trend": 21341.793555,
        "fair_value": 18109.833421,
        "relative_strength": 12.45231,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.879207,
        "energy": 42.575835,
        "activity_lines": [
          22155.216016,
          22065.509943,
          21945.714732,
          21687.487651
        ]
      },
      {
        "date": "2024-09-13",
        "close": 22379.720703,
        "volume": 38107,
        "typical_volume": 47315.9,
        "trend": 21413.733073,
        "fair_value": 18138.676783,
        "relative_strength": 12.841646,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.88875,
        "energy": 43.589109,
        "activity_lines": [
          22259.74375,
          22119.656428,
          22011.291025,
          21754.450693
        ]
      },
      {
        "date": "2024-09-20",
        "close": 22843.191406,
        "volume": 17790,
        "typical_volume": 46788.5,
        "trend": 21493.106966,
        "fair_value": 18171.26744,
        "relative_strength": 13.8678,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.54625,
        "energy": 57.898876,
        "activity_lines": [
          22449.076693,
          22255.739489,
          22112.108929,
          21846.673811
        ]
      },
      {
        "date": "2024-09-27",
        "close": 22941.800781,
        "volume": 32440,
        "typical_volume": 47019.4,
        "trend": 21578.221289,
        "fair_value": 18208.558143,
        "relative_strength": 11.47715,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.503773,
        "energy": 58.632422,
        "activity_lines": [
          22633.478515,
          22402.490163,
          22210.860556,
          21940.137928
        ]
      },
      {
        "date": "2024-10-04",
        "close": 22769.232422,
        "volume": 27322,
        "typical_volume": 46592.3,
        "trend": 21645.643099,
        "fair_value": 18241.451022,
        "relative_strength": 13.602668,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.54181,
        "energy": 64.707154,
        "activity_lines": [
          22722.885547,
          22507.107209,
          22283.902995,
          22016.977356
        ]
      },
      {
        "date": "2024-10-11",
        "close": 23104.509766,
        "volume": 30178,
        "typical_volume": 45041.85,
        "trend": 21726.694271,
        "fair_value": 18275.188877,
        "relative_strength": 13.585612,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.553734,
        "energy": 72.89948,
        "activity_lines": [
          22899.398958,
          22654.754545,
          22381.786021,
          22111.097786
        ]
      },
      {
        "date": "2024-10-18",
        "close": 23385.548828,
        "volume": 20540,
        "typical_volume": 43768.4,
        "trend": 21804.355404,
        "fair_value": 18308.647724,
        "relative_strength": 14.610183,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.314585,
        "energy": 77.183645,
        "activity_lines": [
          23092.018229,
          22827.233558,
          22497.301423,
          22218.120661
        ]
      },
      {
        "date": "2024-10-25",
        "close": 23247.494141,
        "volume": 25193,
        "typical_volume": 44058.3,
        "trend": 21873.325586,
        "fair_value": 18340.724747,
        "relative_strength": 13.926318,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.663736,
        "energy": 73.033529,
        "activity_lines": [
          23171.564063,
          22937.318928,
          22588.445917,
          22311.226386
        ]
      },
      {
        "date": "2024-11-01",
        "close": 22823.466797,
        "volume": 29720,
        "typical_volume": 43330.35,
        "trend": 21942.228125,
        "fair_value": 18366.947316,
        "relative_strength": 13.205081,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.28712,
        "energy": 56.812544,
        "activity_lines": [
          23082.813932,
          22952.648118,
          22631.153646,
          22372.525819
        ]
      },
      {
        "date": "2024-11-08",
        "close": 23898.326172,
        "volume": 64272,
        "typical_volume": 44931.65,
        "trend": 22041.070898,
        "fair_value": 18400.681065,
        "relative_strength": 17.083829,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.894178,
        "energy": 71.748646,
        "activity_lines": [
          23360.239193,
          23155.338175,
          22771.674061,
          22498.725693
        ]
      },
      {
        "date": "2024-11-15",
        "close": 23641.9375,
        "volume": 44660,
        "typical_volume": 45722.2,
        "trend": 22161.954036,
        "fair_value": 18431.032339,
        "relative_strength": 22.026926,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.988839,
        "energy": 68.844894,
        "activity_lines": [
          23476.928646,
          23284.159659,
          22878.971968,
          22602.007409
        ]
      },
      {
        "date": "2024-11-22",
        "close": 23755.341797,
        "volume": 20612,
        "typical_volume": 44764.6,
        "trend": 22270.097266,
        "fair_value": 18463.81846,
        "relative_strength": 17.868897,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.936826,
        "energy": 68.107936,
        "activity_lines": [
          23595.591016,
          23402.672195,
          22989.697954,
          22704.80662
        ]
      },
      {
        "date": "2024-11-29",
        "close": 24016.658203,
        "volume": 46211,
        "typical_volume": 45508.65,
        "trend": 22389.416341,
        "fair_value": 18500.173928,
        "relative_strength": 20.660843,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.94797,
        "energy": 83.821532,
        "activity_lines": [
          23776.70599,
          23543.685511,
          23118.150186,
          22817.48797
        ]
      },
      {
        "date": "2024-12-06",
        "close": 24287.837891,
        "volume": 24087,
        "typical_volume": 44116.95,
        "trend": 22499.202995,
        "fair_value": 18536.187175,
        "relative_strength": 22.642234,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.151677,
        "energy": 88.581088,
        "activity_lines": [
          23996.936589,
          23712.668466,
          23264.939332,
          22939.96678
        ]
      },
      {
        "date": "2024-12-13",
        "close": 24258.253906,
        "volume": 34215,
        "typical_volume": 43139.9,
        "trend": 22598.471159,
        "fair_value": 18571.73132,
        "relative_strength": 18.590239,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.382354,
        "energy": 88.771243,
        "activity_lines": [
          24109.68112,
          23851.799112,
          23399.683798,
          23053.453936
        ]
      },
      {
        "date": "2024-12-20",
        "close": 23449.646484,
        "volume": 48629,
        "typical_volume": 42416.3,
        "trend": 22673.908464,
        "fair_value": 18600.353115,
        "relative_strength": 18.272193,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.415447,
        "energy": 60.114605,
        "activity_lines": [
          23928.894661,
          23816.837109,
          23445.631706,
          23108.368473
        ]
      },
      {
        "date": "2024-12-27",
        "close": 24130.0625,
        "volume": 29890,
        "typical_volume": 35681.2,
        "trend": 22777.285482,
        "fair_value": 18631.846004,
        "relative_strength": 20.889202,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.130064,
        "energy": 57.256715,
        "activity_lines": [
          23987.732943,
          23899.311896,
          23547.858352,
          23202.313894
        ]
      },
      {
        "date": "2025-01-03",
        "close": 23577.839844,
        "volume": 44693,
        "typical_volume": 36488.65,
        "trend": 22844.669466,
        "fair_value": 18661.289551,
        "relative_strength": 15.699088,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 47.965584,
        "energy": 36.614385,
        "activity_lines": [
          23837.515625,
          23867.845952,
          23584.179901,
          23253.962563
        ]
      },
      {
        "date": "2025-01-10",
        "close": 23646.869141,
        "volume": 51860,
        "typical_volume": 37533.35,
        "trend": 22904.000326,
        "fair_value": 18692.604016,
        "relative_strength": 12.167569,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.258464,
        "energy": 25.203162,
        "activity_lines": [
          23739.56263,
          23842.924503,
          23620.877279,
          23305.717381
        ]
      },
      {
        "date": "2025-01-17",
        "close": 23819.435547,
        "volume": 33152,
        "typical_volume": 36661.7,
        "trend": 22963.002409,
        "fair_value": 18730.272636,
        "relative_strength": 12.214351,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.874823,
        "energy": 26.118492,
        "activity_lines": [
          23741.863021,
          23834.407813,
          23667.975512,
          23364.777718
        ]
      },
      {
        "date": "2025-01-24",
        "close": 24440.685547,
        "volume": 54365,
        "typical_volume": 35896.8,
        "trend": 23041.233659,
        "fair_value": 18774.376803,
        "relative_strength": 14.091203,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 68.747026,
        "energy": 39.070928,
        "activity_lines": [
          23980.501302,
          23940.280043,
          23767.478534,
          23460.112114
        ]
      },
      {
        "date": "2025-01-31",
        "close": 24307.560547,
        "volume": 16089,
        "typical_volume": 34795.9,
        "trend": 23109.768164,
        "fair_value": 18813.062826,
        "relative_strength": 13.809956,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 64.921916,
        "energy": 44.748318,
        "activity_lines": [
          24108.695313,
          24007.425036,
          23842.399256,
          23541.810623
        ]
      },
      {
        "date": "2025-02-07",
        "close": 24297.699219,
        "volume": 49458,
        "typical_volume": 36379.3,
        "trend": 23171.564258,
        "fair_value": 18853.486704,
        "relative_strength": 13.054245,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.253011,
        "energy": 55.640587,
        "activity_lines": [
          24221.769011,
          24062.736719,
          23907.200614,
          23618.451336
        ]
      },
      {
        "date": "2025-02-14",
        "close": 24470.267578,
        "volume": 31955,
        "typical_volume": 36355.05,
        "trend": 23242.235352,
        "fair_value": 18896.600486,
        "relative_strength": 10.368692,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.330137,
        "energy": 67.946743,
        "activity_lines": [
          24344.37487,
          24144.314631,
          23981.510826,
          23702.238647
        ]
      },
      {
        "date": "2025-02-21",
        "close": 24430.824219,
        "volume": 27628,
        "typical_volume": 36370.35,
        "trend": 23330.491992,
        "fair_value": 18942.846204,
        "relative_strength": 7.184399,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.37421,
        "energy": 63.361828,
        "activity_lines": [
          24398.939714,
          24215.404119,
          24044.786114,
          23778.921799
        ]
      },
      {
        "date": "2025-02-28",
        "close": 23474.298828,
        "volume": 48355,
        "typical_volume": 37279.2,
        "trend": 23390.973242,
        "fair_value": 18980.631385,
        "relative_strength": 7.566551,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 28.755285,
        "energy": 22.304187,
        "activity_lines": [
          24093.903516,
          24109.442259,
          24009.051404,
          23788.19966
        ]
      },
      {
        "date": "2025-03-07",
        "close": 22961.523438,
        "volume": 133350,
        "typical_volume": 42919.7,
        "trend": 23445.20918,
        "fair_value": 19016.682166,
        "relative_strength": 3.675201,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": -7.861299,
        "energy": 13.788505,
        "activity_lines": [
          23682.367969,
          23909.800284,
          23922.720043,
          23760.493221
        ]
      },
      {
        "date": "2025-03-14",
        "close": 22192.359375,
        "volume": 63099,
        "typical_volume": 44815.0,
        "trend": 23442.415234,
        "fair_value": 19044.231345,
        "relative_strength": -0.109279,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "mixed",
        "direction": -44.020865,
        "energy": 44.556645,
        "activity_lines": [
          23104.180208,
          23591.556463,
          23765.15413,
          23679.664201
        ]
      },
      {
        "date": "2025-03-21",
        "close": 22621.316406,
        "volume": 53277,
        "typical_volume": 45992.85,
        "trend": 23450.468425,
        "fair_value": 19071.580203,
        "relative_strength": -1.332701,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.2625,
        "energy": 54.965089,
        "activity_lines": [
          22809.334115,
          23376.495384,
          23653.465718,
          23626.690083
        ]
      },
      {
        "date": "2025-03-28",
        "close": 22779.09375,
        "volume": 32067,
        "typical_volume": 44382.6,
        "trend": 23463.123503,
        "fair_value": 19099.319399,
        "relative_strength": 2.391675,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -36.647204,
        "energy": 69.691908,
        "activity_lines": [
          22690.34388,
          23208.767507,
          23557.766341,
          23583.375588
        ]
      },
      {
        "date": "2025-04-04",
        "close": 21472.501953,
        "volume": 68122,
        "typical_volume": 45555.7,
        "trend": 23447.510156,
        "fair_value": 19119.614596,
        "relative_strength": -0.092453,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -63.246754,
        "energy": 82.804454,
        "activity_lines": [
          22245.938411,
          22822.392791,
          23342.959329,
          23454.948391
        ]
      },
      {
        "date": "2025-04-11",
        "close": 21285.140625,
        "volume": 140607,
        "typical_volume": 51555.45,
        "trend": 23411.024154,
        "fair_value": 19141.286145,
        "relative_strength": 0.158429,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -82.778113,
        "energy": 85.816779,
        "activity_lines": [
          21872.532292,
          22455.919354,
          23120.639025,
          23315.44068
        ]
      },
      {
        "date": "2025-04-18",
        "close": 21196.390625,
        "volume": 44833,
        "typical_volume": 51486.55,
        "trend": 23356.130794,
        "fair_value": 19162.295636,
        "relative_strength": -2.469933,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.489813,
        "energy": 85.495083,
        "activity_lines": [
          21581.301693,
          22128.262642,
          22901.629204,
          23172.561097
        ]
      },
      {
        "date": "2025-04-25",
        "close": 21980.345703,
        "volume": 29653,
        "typical_volume": 51764.85,
        "trend": 23324.082292,
        "fair_value": 19190.47312,
        "relative_strength": -1.557314,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.900527,
        "energy": 66.812205,
        "activity_lines": [
          21617.78737,
          21999.530646,
          22770.711616,
          23083.800769
        ]
      },
      {
        "date": "2025-05-02",
        "close": 22414.617188,
        "volume": 24892,
        "typical_volume": 51298.7,
        "trend": 23312.261784,
        "fair_value": 19225.098645,
        "relative_strength": -0.3863,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.579584,
        "energy": 50.328775,
        "activity_lines": [
          21841.761589,
          21995.028409,
          22692.141276,
          23025.125601
        ]
      },
      {
        "date": "2025-05-09",
        "close": 22534.320313,
        "volume": 33374,
        "typical_volume": 50535.95,
        "trend": 23293.255469,
        "fair_value": 19264.807855,
        "relative_strength": -0.760771,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -46.501688,
        "energy": 34.897692,
        "activity_lines": [
          22129.935287,
          22048.948686,
          22633.750456,
          22974.935828
        ]
      },
      {
        "date": "2025-05-16",
        "close": 23481.978516,
        "volume": 26203,
        "typical_volume": 50351.6,
        "trend": 23296.469792,
        "fair_value": 19311.989189,
        "relative_strength": 1.210647,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -18.74698,
        "energy": 20.662035,
        "activity_lines": [
          22663.207162,
          22292.260973,
          22669.971494,
          22987.111509
        ]
      },
      {
        "date": "2025-05-23",
        "close": 23142.816406,
        "volume": 34456,
        "typical_volume": 49839.75,
        "trend": 23292.980534,
        "fair_value": 19353.860057,
        "relative_strength": 0.857692,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -17.904808,
        "energy": 23.470516,
        "activity_lines": [
          22936.969141,
          22464.444602,
          22676.977493,
          22977.198387
        ]
      },
      {
        "date": "2025-05-30",
        "close": 23402.175781,
        "volume": 23388,
        "typical_volume": 48416.15,
        "trend": 23312.270833,
        "fair_value": 19394.288192,
        "relative_strength": -2.152136,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -7.918968,
        "energy": 22.814706,
        "activity_lines": [
          23167.422526,
          22666.503445,
          22710.755925,
          22984.243242
        ]
      },
      {
        "date": "2025-06-06",
        "close": 23621.634766,
        "volume": 16886,
        "typical_volume": 47602.85,
        "trend": 23303.047787,
        "fair_value": 19440.035789,
        "relative_strength": -5.350952,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 25.094565,
        "energy": 31.561629,
        "activity_lines": [
          23376.240234,
          22894.266477,
          22766.600419,
          23004.202205
        ]
      },
      {
        "date": "2025-06-13",
        "close": 23531.855469,
        "volume": 46060,
        "typical_volume": 47187.6,
        "trend": 23299.378386,
        "fair_value": 19493.716384,
        "relative_strength": -8.440433,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 22.416823,
        "energy": 29.17298,
        "activity_lines": [
          23474.663672,
          23090.387074,
          22814.836412,
          23018.963991
        ]
      },
      {
        "date": "2025-06-20",
        "close": 23621.634766,
        "volume": 42522,
        "typical_volume": 48509.25,
        "trend": 23294.921484,
        "fair_value": 19544.463504,
        "relative_strength": -11.940976,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 25.821895,
        "energy": 40.162005,
        "activity_lines": [
          23536.511198,
          23265.388388,
          22875.950577,
          23039.754725
        ]
      },
      {
        "date": "2025-06-27",
        "close": 24294.970703,
        "volume": 54894,
        "typical_volume": 48781.05,
        "trend": 23304.198568,
        "fair_value": 19601.390055,
        "relative_strength": -10.451811,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 38.824932,
        "energy": 51.302257,
        "activity_lines": [
          23813.49362,
          23520.332706,
          23004.458287,
          23104.27403
        ]
      },
      {
        "date": "2025-07-04",
        "close": 24688.996094,
        "volume": 47115,
        "typical_volume": 49539.05,
        "trend": 23317.570508,
        "fair_value": 19657.364483,
        "relative_strength": -9.010972,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 44.696293,
        "energy": 62.178926,
        "activity_lines": [
          24145.007552,
          23790.580185,
          23170.505218,
          23193.615806
        ]
      },
      {
        "date": "2025-07-11",
        "close": 24728.898438,
        "volume": 26902,
        "typical_volume": 49502.75,
        "trend": 23333.258659,
        "fair_value": 19715.923659,
        "relative_strength": -12.337261,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 53.834179,
        "energy": 77.650446,
        "activity_lines": [
          24404.034245,
          24018.834446,
          23339.310807,
          23284.669221
        ]
      },
      {
        "date": "2025-07-18",
        "close": 24983.269531,
        "volume": 41829,
        "typical_volume": 49176.45,
        "trend": 23384.379427,
        "fair_value": 19771.175994,
        "relative_strength": -11.746907,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 81.395048,
        "energy": 91.735682,
        "activity_lines": [
          24674.033724,
          24251.260156,
          23530.922814,
          23391.121535
        ]
      },
      {
        "date": "2025-07-25",
        "close": 25132.900391,
        "volume": 28981,
        "typical_volume": 43958.0,
        "trend": 23417.807357,
        "fair_value": 19824.499587,
        "relative_strength": -11.41893,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.898624,
        "energy": 92.422006,
        "activity_lines": [
          24897.149219,
          24466.365128,
          23729.599805,
          23503.929339
        ]
      },
      {
        "date": "2025-08-01",
        "close": 24988.257813,
        "volume": 23498,
        "typical_volume": 41977.95,
        "trend": 23464.821289,
        "fair_value": 19874.970716,
        "relative_strength": -9.748697,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.206859,
        "energy": 88.296049,
        "activity_lines": [
          24971.299479,
          24625.154688,
          23904.161421,
          23605.248723
        ]
      },
      {
        "date": "2025-08-08",
        "close": 25092.998047,
        "volume": 36368,
        "typical_volume": 41132.5,
        "trend": 23513.025586,
        "fair_value": 19924.74692,
        "relative_strength": -11.847157,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.886137,
        "energy": 87.036548,
        "activity_lines": [
          25034.144011,
          24769.434446,
          24075.384496,
          23710.292385
        ]
      },
      {
        "date": "2025-08-15",
        "close": 25497.0,
        "volume": 31983,
        "typical_volume": 41128.3,
        "trend": 23568.944401,
        "fair_value": 19975.529184,
        "relative_strength": -10.793879,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.78495,
        "energy": 91.479478,
        "activity_lines": [
          25204.722396,
          24956.426882,
          24273.314035,
          23838.290734
        ]
      },
      {
        "date": "2025-08-22",
        "close": 25182.777344,
        "volume": 31387,
        "typical_volume": 39291.55,
        "trend": 23593.680794,
        "fair_value": 20025.911947,
        "relative_strength": -10.244792,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.387146,
        "energy": 70.604914,
        "activity_lines": [
          25219.353125,
          25052.190377,
          24428.375196,
          23942.408989
        ]
      },
      {
        "date": "2025-08-29",
        "close": 25661.59375,
        "volume": 23082,
        "typical_volume": 33415.3,
        "trend": 23638.815234,
        "fair_value": 20085.295147,
        "relative_strength": -8.970755,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.618125,
        "energy": 80.148226,
        "activity_lines": [
          25380.288802,
          25204.994638,
          24611.369941,
          24075.822728
        ]
      },
      {
        "date": "2025-09-05",
        "close": 25766.333984,
        "volume": 42548,
        "typical_volume": 33301.05,
        "trend": 23687.769727,
        "fair_value": 20144.262908,
        "relative_strength": -9.028609,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.169884,
        "energy": 86.44172,
        "activity_lines": [
          25540.891667,
          25339.752415,
          24783.499693,
          24213.082002
        ]
      },
      {
        "date": "2025-09-12",
        "close": 26010.730469,
        "volume": 47438,
        "typical_volume": 34190.3,
        "trend": 23739.11849,
        "fair_value": 20207.716296,
        "relative_strength": -13.121105,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.77521,
        "energy": 81.377564,
        "activity_lines": [
          25731.088281,
          25492.193857,
          24957.143666,
          24362.950437
        ]
      },
      {
        "date": "2025-09-19",
        "close": 26175.324219,
        "volume": 38208,
        "typical_volume": 34856.1,
        "trend": 23797.26849,
        "fair_value": 20275.485333,
        "relative_strength": -13.604411,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.260595,
        "energy": 85.963757,
        "activity_lines": [
          25914.967318,
          25650.529901,
          25127.270926,
          24520.125
        ]
      },
      {
        "date": "2025-09-26",
        "close": 26140.410156,
        "volume": 39170,
        "typical_volume": 35145.9,
        "trend": 23886.138867,
        "fair_value": 20345.607954,
        "relative_strength": -12.030983,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.479711,
        "energy": 86.174912,
        "activity_lines": [
          26041.986719,
          25776.219283,
          25276.164909,
          24671.29543
        ]
      },
      {
        "date": "2025-10-03",
        "close": 26544.412109,
        "volume": 47908,
        "typical_volume": 36231.15,
        "trend": 24005.56849,
        "fair_value": 20416.519262,
        "relative_strength": -14.519112,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.99075,
        "energy": 91.28576,
        "activity_lines": [
          26239.83125,
          25954.324645,
          25446.363412,
          24842.79693
        ]
      },
      {
        "date": "2025-10-10",
        "close": 26624.214844,
        "volume": 18658,
        "typical_volume": 35441.25,
        "trend": 24153.297005,
        "fair_value": 20488.532126,
        "relative_strength": -15.436822,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.2821,
        "energy": 89.869061,
        "activity_lines": [
          26405.422135,
          26121.275746,
          25609.579157,
          25011.741856
        ]
      },
      {
        "date": "2025-10-17",
        "close": 26070.583984,
        "volume": 56260,
        "typical_volume": 37084.85,
        "trend": 24268.272591,
        "fair_value": 20558.145032,
        "relative_strength": -19.885511,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.84384,
        "energy": 67.216051,
        "activity_lines": [
          26329.277344,
          26157.822017,
          25703.490067,
          25135.43779
        ]
      },
      {
        "date": "2025-10-24",
        "close": 26823.722656,
        "volume": 49108,
        "typical_volume": 38695.95,
        "trend": 24403.093555,
        "fair_value": 20629.511512,
        "relative_strength": -21.218065,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.573756,
        "energy": 72.766681,
        "activity_lines": [
          26500.188541,
          26313.528302,
          25856.421763,
          25300.305536
        ]
      },
      {
        "date": "2025-10-31",
        "close": 27177.847656,
        "volume": 42912,
        "typical_volume": 38538.55,
        "trend": 24593.271745,
        "fair_value": 20704.23487,
        "relative_strength": -22.99748,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.005107,
        "energy": 72.529454,
        "activity_lines": [
          26745.914844,
          26509.498721,
          26027.831613,
          25479.32193
        ]
      },
      {
        "date": "2025-11-07",
        "close": 26753.894531,
        "volume": 75049,
        "typical_volume": 40164.9,
        "trend": 24775.563542,
        "fair_value": 20770.278414,
        "relative_strength": -20.796599,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.179872,
        "energy": 64.065738,
        "activity_lines": [
          26781.160937,
          26592.112748,
          26141.503106,
          25618.716948
        ]
      },
      {
        "date": "2025-11-14",
        "close": 26828.710938,
        "volume": 575275,
        "typical_volume": 66183.95,
        "trend": 24963.307552,
        "fair_value": 20839.068428,
        "relative_strength": -21.170643,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.233389,
        "energy": 63.539522,
        "activity_lines": [
          26827.380339,
          26668.469744,
          26247.384449,
          25751.17807
        ]
      },
      {
        "date": "2025-11-21",
        "close": 26130.435547,
        "volume": 89420,
        "typical_volume": 68299.2,
        "trend": 25101.64388,
        "fair_value": 20901.022292,
        "relative_strength": -19.572809,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.997058,
        "energy": 50.291372,
        "activity_lines": [
          26627.208203,
          26598.551633,
          26274.697945,
          25826.476651
        ]
      },
      {
        "date": "2025-11-28",
        "close": 27192.810547,
        "volume": 29987,
        "typical_volume": 68453.45,
        "trend": 25260.916992,
        "fair_value": 20969.196245,
        "relative_strength": -17.32787,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.191052,
        "energy": 51.667414,
        "activity_lines": [
          26777.170964,
          26719.616158,
          26396.326014,
          25961.390629
        ]
      },
      {
        "date": "2025-12-05",
        "close": 27397.304688,
        "volume": 65042,
        "typical_volume": 69614.1,
        "trend": 25423.016471,
        "fair_value": 21041.010029,
        "relative_strength": -19.617325,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.052732,
        "energy": 55.533132,
        "activity_lines": [
          26970.692578,
          26859.361683,
          26525.696801,
          26099.222093
        ]
      },
      {
        "date": "2025-12-12",
        "close": 27526.984375,
        "volume": 68037,
        "typical_volume": 71566.9,
        "trend": 25557.85,
        "fair_value": 21115.704577,
        "relative_strength": -19.959962,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.550927,
        "energy": 58.60292,
        "activity_lines": [
          27192.810287,
          26999.832706,
          26655.922628,
          26234.961958
        ]
      },
      {
        "date": "2025-12-19",
        "close": 27033.205078,
        "volume": 55314,
        "typical_volume": 73157.7,
        "trend": 25687.529622,
        "fair_value": 21189.159167,
        "relative_strength": -17.950086,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.339321,
        "energy": 53.479862,
        "activity_lines": [
          27198.795573,
          27032.660725,
          26727.721456,
          26330.146157
        ]
      },
      {
        "date": "2025-12-26",
        "close": 27521.996094,
        "volume": 43140,
        "typical_volume": 73496.3,
        "trend": 25824.856966,
        "fair_value": 21266.86494,
        "relative_strength": -18.025714,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.723908,
        "energy": 53.766286,
        "activity_lines": [
          27354.078255,
          27146.923651,
          26836.333966,
          26448.498832
        ]
      },
      {
        "date": "2026-01-02",
        "close": 27242.6875,
        "volume": 76901,
        "typical_volume": 75742.2,
        "trend": 25945.558724,
        "fair_value": 21341.972888,
        "relative_strength": -21.627665,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.054519,
        "energy": 45.428908,
        "activity_lines": [
          27323.48737,
          27184.013885,
          26906.778999,
          26539.97177
        ]
      },
      {
        "date": "2026-01-09",
        "close": 27467.132813,
        "volume": 89613,
        "typical_volume": 78653.5,
        "trend": 26076.734636,
        "fair_value": 21414.700083,
        "relative_strength": -25.140371,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.585509,
        "energy": 41.981927,
        "activity_lines": [
          27364.386459,
          27254.294816,
          26990.286979,
          26638.13784
        ]
      },
      {
        "date": "2026-01-16",
        "close": 27721.503906,
        "volume": 70210,
        "typical_volume": 81009.9,
        "trend": 26213.39694,
        "fair_value": 21490.796825,
        "relative_strength": -27.773531,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.714107,
        "energy": 46.837215,
        "activity_lines": [
          27485.420703,
          27365.565306,
          27087.142894,
          26744.251987
        ]
      },
      {
        "date": "2026-01-23",
        "close": 27531.972656,
        "volume": 76090,
        "typical_volume": 82687.0,
        "trend": 26321.297005,
        "fair_value": 21562.045435,
        "relative_strength": -29.71209,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.350004,
        "energy": 41.173889,
        "activity_lines": [
          27530.309896,
          27424.78267,
          27156.139118,
          26829.321388
        ]
      },
      {
        "date": "2026-01-30",
        "close": 27327.478516,
        "volume": 303192,
        "typical_volume": 95474.7,
        "trend": 26409.246419,
        "fair_value": 21629.59211,
        "relative_strength": -32.632512,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.873286,
        "energy": 40.258907,
        "activity_lines": [
          27473.783203,
          27434.032706,
          27197.251907,
          26894.236324
        ]
      },
      {
        "date": "2026-02-06",
        "close": 26953.402344,
        "volume": 175516,
        "typical_volume": 102340.1,
        "trend": 26483.39655,
        "fair_value": 21696.262445,
        "relative_strength": -31.048331,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 40.839538,
        "energy": 26.314477,
        "activity_lines": [
          27305.532292,
          27353.504475,
          27196.468164,
          26929.343158
        ]
      },
      {
        "date": "2026-02-13",
        "close": 26963.376953,
        "volume": 68810,
        "typical_volume": 103822.1,
        "trend": 26549.40013,
        "fair_value": 21762.934608,
        "relative_strength": -35.522605,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 34.42356,
        "energy": 17.50979,
        "activity_lines": [
          27159.891927,
          27279.142685,
          27192.92925,
          26960.309635
        ]
      },
      {
        "date": "2026-02-20",
        "close": 27262.638672,
        "volume": 28122,
        "typical_volume": 102832.8,
        "trend": 26620.391406,
        "fair_value": 21832.891445,
        "relative_strength": -37.477083,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 30.718871,
        "energy": 18.409493,
        "activity_lines": [
          27147.589193,
          27267.081712,
          27213.972563,
          27006.325025
        ]
      },
      {
        "date": "2026-02-27",
        "close": 27192.810547,
        "volume": 101596,
        "typical_volume": 106979.7,
        "trend": 26693.876497,
        "fair_value": 21903.301207,
        "relative_strength": -41.248271,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 28.089341,
        "energy": 17.732338,
        "activity_lines": [
          27142.601432,
          27247.131002,
          27224.945452,
          27043.255292
        ]
      },
      {
        "date": "2026-03-06",
        "close": 27117.996094,
        "volume": 129493,
        "typical_volume": 110641.35,
        "trend": 26761.376432,
        "fair_value": 21975.405092,
        "relative_strength": -33.789159,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 17.875571,
        "energy": 10.561265,
        "activity_lines": [
          27135.286328,
          27210.675746,
          27226.085556,
          27070.617847
        ]
      },
      {
        "date": "2026-03-13",
        "close": 26469.597656,
        "volume": 137379,
        "typical_volume": 115054.9,
        "trend": 26793.796354,
        "fair_value": 22041.365197,
        "relative_strength": -33.556212,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": -4.879534,
        "energy": 9.799831,
        "activity_lines": [
          26925.803906,
          27063.67532,
          27160.485752,
          27051.79341
        ]
      },
      {
        "date": "2026-03-20",
        "close": 26255.126953,
        "volume": 75743,
        "typical_volume": 116696.45,
        "trend": 26829.541341,
        "fair_value": 22106.50944,
        "relative_strength": -36.772931,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -30.234317,
        "energy": 36.218886,
        "activity_lines": [
          26677.084896,
          26891.736399,
          27076.146475,
          27017.040545
        ]
      },
      {
        "date": "2026-03-27",
        "close": 25920.953125,
        "volume": 140252,
        "typical_volume": 119956.6,
        "trend": 26838.186654,
        "fair_value": 22166.778884,
        "relative_strength": -32.905178,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -37.934302,
        "energy": 55.989091,
        "activity_lines": [
          26364.191276,
          26681.075071,
          26964.375028,
          26958.421951
        ]
      },
      {
        "date": "2026-04-03",
        "close": 26155.373047,
        "volume": 239495,
        "typical_volume": 103167.6,
        "trend": 26851.154622,
        "fair_value": 22227.122584,
        "relative_strength": -30.802804,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -36.602094,
        "energy": 59.951728,
        "activity_lines": [
          26218.883333,
          26545.772834,
          26878.895675,
          26914.36946
        ]
      },
      {
        "date": "2026-04-10",
        "close": 27028.216797,
        "volume": 97839,
        "typical_volume": 103588.55,
        "trend": 26885.070833,
        "fair_value": 22292.098783,
        "relative_strength": -33.619893,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -24.550987,
        "energy": 40.481033,
        "activity_lines": [
          26433.685807,
          26594.198544,
          26879.75067,
          26925.792826
        ]
      },
      {
        "date": "2026-04-17",
        "close": 27876.121094,
        "volume": 159598,
        "typical_volume": 110069.1,
        "trend": 26941.764063,
        "fair_value": 22362.789751,
        "relative_strength": -34.488804,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 17.014714,
        "energy": 8.352839,
        "activity_lines": [
          26937.108333,
          26802.229794,
          26957.083306,
          26989.731552
        ]
      },
      {
        "date": "2026-04-24",
        "close": 28150.443359,
        "volume": 125205,
        "typical_volume": 113077.25,
        "trend": 27008.765169,
        "fair_value": 22435.09971,
        "relative_strength": -35.974791,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 48.829796,
        "energy": 36.458421,
        "activity_lines": [
          27438.203385,
          27043.361115,
          27057.288012,
          27067.710862
        ]
      },
      {
        "date": "2026-05-01",
        "close": 28145.0,
        "volume": 153684,
        "typical_volume": 117359.6,
        "trend": 27062.118099,
        "fair_value": 22508.286972,
        "relative_strength": -36.373285,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 67.478753,
        "energy": 52.251299,
        "activity_lines": [
          27811.129557,
          27261.919709,
          27153.387928,
          27141.016335
        ]
      },
      {
        "date": "2026-05-08",
        "close": 28990.0,
        "volume": 109758,
        "typical_volume": 120081.8,
        "trend": 27140.977604,
        "fair_value": 22586.010154,
        "relative_strength": -41.503484,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.041971,
        "energy": 83.160518,
        "activity_lines": [
          28317.452604,
          27618.071733,
          27327.021103,
          27265.395812
        ]
      },
      {
        "date": "2026-05-15",
        "close": 29545.0,
        "volume": 126161,
        "typical_volume": 124232.85,
        "trend": 27256.791471,
        "fair_value": 22665.466659,
        "relative_strength": -39.465272,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.24435,
        "energy": 91.153849,
        "activity_lines": [
          28819.800521,
          28042.456676,
          27544.19335,
          27420.494031
        ]
      },
      {
        "date": "2026-05-22",
        "close": 29720.0,
        "volume": 109067,
        "typical_volume": 125841.15,
        "trend": 27353.33405,
        "fair_value": 22747.523337,
        "relative_strength": -40.961496,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.761513,
        "energy": 92.08525,
        "activity_lines": [
          29212.696224,
          28454.532457,
          27768.398912,
          27579.410711
        ]
      },
      {
        "date": "2026-05-29",
        "close": 30105.0,
        "volume": 58347,
        "typical_volume": 124277.85,
        "trend": 27450.905794,
        "fair_value": 22830.097769,
        "relative_strength": -43.766948,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.930901,
        "energy": 93.395073,
        "activity_lines": [
          29611.0,
          28877.510014,
          28017.474414,
          27756.937546
        ]
      },
      {
        "date": "2026-06-05",
        "close": 30090.0,
        "volume": 45171,
        "typical_volume": 123025.9,
        "trend": 27562.10931,
        "fair_value": 22911.317846,
        "relative_strength": -40.771684,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.622543,
        "energy": 90.776955,
        "activity_lines": [
          29874.0,
          29227.762607,
          28252.560073,
          27927.201689
        ]
      },
      {
        "date": "2026-06-12",
        "close": 29470.0,
        "volume": 75238,
        "typical_volume": 122983.3,
        "trend": 27650.152279,
        "fair_value": 22985.606833,
        "relative_strength": -40.906308,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.700636,
        "energy": 84.524475,
        "activity_lines": [
          29800.666667,
          29389.487074,
          28417.319559,
          28050.29141
        ]
      },
      {
        "date": "2026-06-19",
        "close": 29810.0,
        "volume": 41381,
        "typical_volume": 109892.75,
        "trend": 27772.804427,
        "fair_value": 23063.427847,
        "relative_strength": -45.586506,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.164704,
        "energy": 74.669457,
        "activity_lines": [
          29808.666667,
          29552.763778,
          28605.231297,
          28189.636425
        ]
      },
      {
        "date": "2026-06-26",
        "close": 29235.0,
        "volume": 8610,
        "typical_volume": 101547.45,
        "trend": 27840.877409,
        "fair_value": 23136.210424,
        "relative_strength": -41.739656,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.655736,
        "energy": 58.670148,
        "activity_lines": [
          29607.333333,
          29560.917152,
          28726.559598,
          28283.971623
        ]
      },
      {
        "date": "2026-07-03",
        "close": 30070.0,
        "volume": 6889,
        "typical_volume": 98451.4,
        "trend": 27929.967253,
        "fair_value": 23214.53428,
        "relative_strength": -36.794102,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.254964,
        "energy": 60.048881,
        "activity_lines": [
          29716.666667,
          29696.181818,
          28916.546959,
          28427.785984
        ]
      },
      {
        "date": "2026-07-10",
        "close": 29930.0,
        "volume": 49112,
        "typical_volume": 99500.9,
        "trend": 28010.067773,
        "fair_value": 23289.63305,
        "relative_strength": -31.082443,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.927401,
        "energy": 59.105542,
        "activity_lines": [
          29781.666667,
          29771.090909,
          29078.407543,
          28556.820355
        ]
      },
      {
        "date": "2026-07-17",
        "close": 29995.0,
        "volume": 63421,
        "typical_volume": 97592.15,
        "trend": 28108.794271,
        "fair_value": 23364.519381,
        "relative_strength": -23.424904,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.752419,
        "energy": 61.469109,
        "activity_lines": [
          29879.0,
          29825.363636,
          29233.756882,
          28684.880498
        ]
      },
      {
        "date": "2026-07-24",
        "close": 29275.0,
        "volume": 47599,
        "typical_volume": 93497.45,
        "trend": 28167.227734,
        "fair_value": 23434.287047,
        "relative_strength": -22.910642,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.858448,
        "energy": 46.804321,
        "activity_lines": [
          29701.333333,
          29730.454545,
          29307.191034,
          28760.119577
        ]
      },
      {
        "date": "2026-07-31",
        "close": 29490.0,
        "volume": 57140,
        "typical_volume": 89485.5,
        "trend": 28242.138151,
        "fair_value": 23505.936198,
        "relative_strength": -20.267826,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.531166,
        "energy": 36.940887,
        "activity_lines": [
          29631.0,
          29679.545455,
          29390.829929,
          28845.459724
        ]
      },
      {
        "date": "2026-08-07",
        "close": 30250.0,
        "volume": 109723,
        "typical_volume": 91184.5,
        "trend": 28334.900391,
        "fair_value": 23583.746795,
        "relative_strength": -12.922392,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.505328,
        "energy": 46.486697,
        "activity_lines": [
          29797.0,
          29771.0,
          29532.466908,
          28974.999198
        ]
      }
    ],
    "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."
    }
  }
}