{
  "ticker": {
    "uuid": "39f122f6-8c95-412f-8e7d-56df529e15f1",
    "symbol": "CRISIL",
    "name": "CRISIL Limited",
    "exchange": "NSI",
    "country": "IN",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^NSEI",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 95.55,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Structural repair",
    "architecture_gate": "mixed",
    "architecture_direction": 53.352,
    "architecture_energy": 65.767,
    "architecture_maturity": 9.412,
    "architecture_confidence": 76.659,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 24.87,
        "rotation_up": 72.92,
        "upward_expansion": 60.03,
        "deceleration": 24.36,
        "rotation_down": 18.96,
        "downward_expansion": 23.03
      },
      "activity_lines": [
        4397.229492,
        4262.062651,
        4174.982001,
        4166.420432
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 4607.0,
    "trend_reference": 4216.331234,
    "distance_from_trend": 0.092656,
    "trend_direction": "Weakening",
    "fair_value": 4513.078053,
    "distance_from_fair_value": 0.020811,
    "fair_value_direction": "Improving",
    "relative_strength": 5.177167,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.021956,
    "excess_performance": 0.021753,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.092656,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.023707,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.020811,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.09065,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.051772,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.142863,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.021956,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.360691,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 335088,
      "relative_activity": 1.157904,
      "balance": 3.360691,
      "dry_up": 1.427094,
      "accumulation_observations": 4,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.046208,
      "annualized_volatility": 0.276923,
      "from_high_reference": -0.144058,
      "from_low_reference": 0.252458
    },
    "levels": {
      "trend_reference": 4216.331234,
      "fair_value_reference": 4513.078053,
      "structural_low": 3678.366407,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 6,
        "median_return": 0.075553,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.065367,
        "regime_survival": 0.5,
        "best_return": 0.176116,
        "worst_return": -0.074349,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.140059,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.125614,
        "regime_survival": 0.0,
        "best_return": 0.250296,
        "worst_return": -0.048688,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.060045,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.056662,
        "regime_survival": 0.0,
        "best_return": 0.228382,
        "worst_return": -0.153243,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.28639,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.177026,
        "regime_survival": 0.0,
        "best_return": 0.487666,
        "worst_return": 0.085114,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-09-13",
        "end": "2024-10-18",
        "tenure": "Developing",
        "return": 0.007607,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-25",
        "end": "2025-01-24",
        "tenure": "Established",
        "return": 0.050745,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-31",
        "end": "2025-02-28",
        "tenure": "Developing",
        "return": -0.192314,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-07",
        "end": "2025-03-28",
        "tenure": "New",
        "return": -0.06907,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-04",
        "end": "2025-05-23",
        "tenure": "Developing",
        "return": 0.224309,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-30",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.137779,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-18",
        "end": "2025-08-01",
        "tenure": "New",
        "return": -0.114945,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-08",
        "end": "2025-09-26",
        "tenure": "Developing",
        "return": -0.112125,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-10-03",
        "end": "2025-10-31",
        "tenure": "Developing",
        "return": 0.072932,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-07",
        "end": "2026-01-30",
        "tenure": "Established",
        "return": -0.012554,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-06",
        "end": "2026-03-06",
        "tenure": "Developing",
        "return": -0.098063,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-13",
        "end": "2026-07-10",
        "tenure": "Established",
        "return": -0.00897,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-17",
        "end": "2026-07-31",
        "tenure": "New",
        "return": 0.024095,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 3677.964355,
        "volume": 77081,
        "typical_volume": 145154.2,
        "trend": 3388.604329,
        "fair_value": 2665.114921,
        "relative_strength": 8.686208,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 51.918576,
        "energy": 34.790306,
        "activity_lines": [
          3716.659863,
          3712.501594,
          3660.640798,
          3548.200753
        ]
      },
      {
        "date": "2023-08-25",
        "close": 3795.751221,
        "volume": 161365,
        "typical_volume": 151299.2,
        "trend": 3418.678174,
        "fair_value": 2678.421905,
        "relative_strength": 12.232887,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.228689,
        "energy": 38.28599,
        "activity_lines": [
          3741.894499,
          3728.137726,
          3681.893265,
          3574.468294
        ]
      },
      {
        "date": "2023-09-01",
        "close": 3787.172852,
        "volume": 104871,
        "typical_volume": 146777.3,
        "trend": 3445.553825,
        "fair_value": 2692.308751,
        "relative_strength": 10.773384,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.439801,
        "energy": 38.989757,
        "activity_lines": [
          3761.334147,
          3741.135476,
          3699.451733,
          3598.242144
        ]
      },
      {
        "date": "2023-09-08",
        "close": 3756.424561,
        "volume": 162300,
        "typical_volume": 135561.1,
        "trend": 3469.880876,
        "fair_value": 2705.819043,
        "relative_strength": 7.520054,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 52.408244,
        "energy": 34.583705,
        "activity_lines": [
          3764.592041,
          3745.850009,
          3712.052297,
          3618.298321
        ]
      },
      {
        "date": "2023-09-15",
        "close": 3733.677246,
        "volume": 190206,
        "typical_volume": 131448.55,
        "trend": 3494.531641,
        "fair_value": 2719.568388,
        "relative_strength": 4.755609,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 51.394208,
        "energy": 33.256899,
        "activity_lines": [
          3755.004655,
          3746.38944,
          3719.532466,
          3635.317442
        ]
      },
      {
        "date": "2023-09-22",
        "close": 3715.314697,
        "volume": 56792,
        "typical_volume": 126431.55,
        "trend": 3516.114038,
        "fair_value": 2733.293877,
        "relative_strength": 6.884522,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 47.450482,
        "energy": 27.761365,
        "activity_lines": [
          3743.376872,
          3742.586435,
          3723.938687,
          3649.56151
        ]
      },
      {
        "date": "2023-09-29",
        "close": 3782.449463,
        "volume": 131644,
        "typical_volume": 126042.7,
        "trend": 3534.390959,
        "fair_value": 2746.917872,
        "relative_strength": 8.882753,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 52.677879,
        "energy": 28.103761,
        "activity_lines": [
          3751.637321,
          3750.512207,
          3733.116488,
          3666.74444
        ]
      },
      {
        "date": "2023-10-06",
        "close": 3704.181641,
        "volume": 174183,
        "typical_volume": 131390.1,
        "trend": 3552.69952,
        "fair_value": 2760.280986,
        "relative_strength": 6.378559,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 34.780748,
        "energy": 18.475199,
        "activity_lines": [
          3734.69528,
          3743.648717,
          3733.27231,
          3677.698678
        ]
      },
      {
        "date": "2023-10-13",
        "close": 3740.761475,
        "volume": 508738,
        "typical_volume": 150820.35,
        "trend": 3582.135156,
        "fair_value": 2773.707993,
        "relative_strength": 6.717542,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 32.297882,
        "energy": 16.385216,
        "activity_lines": [
          3735.479265,
          3743.327131,
          3735.527784,
          3689.831707
        ]
      },
      {
        "date": "2023-10-20",
        "close": 4042.749023,
        "volume": 511670,
        "typical_volume": 167073.2,
        "trend": 3620.01648,
        "fair_value": 2788.131674,
        "relative_strength": 15.951142,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.567158,
        "energy": 43.385349,
        "activity_lines": [
          3837.969971,
          3796.761834,
          3765.686235,
          3719.548731
        ]
      },
      {
        "date": "2023-10-27",
        "close": 3769.388916,
        "volume": 156256,
        "typical_volume": 160947.5,
        "trend": 3642.662581,
        "fair_value": 2800.106217,
        "relative_strength": 10.456344,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 47.68167,
        "energy": 28.672536,
        "activity_lines": [
          3828.735856,
          3795.988064,
          3767.836391,
          3729.185662
        ]
      },
      {
        "date": "2023-11-03",
        "close": 4047.857422,
        "volume": 258344,
        "typical_volume": 167894.15,
        "trend": 3671.2052,
        "fair_value": 2814.227112,
        "relative_strength": 16.77392,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.773349,
        "energy": 52.950581,
        "activity_lines": [
          3908.719629,
          3844.182666,
          3796.559022,
          3755.327265
        ]
      },
      {
        "date": "2023-11-10",
        "close": 3951.804932,
        "volume": 576430,
        "typical_volume": 192025.6,
        "trend": 3690.899406,
        "fair_value": 2827.925968,
        "relative_strength": 12.279795,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.00126,
        "energy": 54.198391,
        "activity_lines": [
          3938.992041,
          3870.32943,
          3814.650779,
          3773.430474
        ]
      },
      {
        "date": "2023-11-17",
        "close": 4081.834473,
        "volume": 140897,
        "typical_volume": 194298.85,
        "trend": 3722.424292,
        "fair_value": 2842.241864,
        "relative_strength": 13.553683,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.639153,
        "energy": 53.114391,
        "activity_lines": [
          3996.099414,
          3917.124618,
          3843.63713,
          3798.652091
        ]
      },
      {
        "date": "2023-11-24",
        "close": 4161.194336,
        "volume": 146748,
        "typical_volume": 197858.75,
        "trend": 3745.950798,
        "fair_value": 2857.217215,
        "relative_strength": 14.706939,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.083394,
        "energy": 68.171329,
        "activity_lines": [
          4056.921875,
          3972.432329,
          3878.621719,
          3826.959836
        ]
      },
      {
        "date": "2023-12-01",
        "close": 4078.663574,
        "volume": 107498,
        "typical_volume": 195985.5,
        "trend": 3769.417879,
        "fair_value": 2871.874081,
        "relative_strength": 9.211493,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.254233,
        "energy": 58.183552,
        "activity_lines": [
          4082.337728,
          4004.961408,
          3903.447542,
          3848.425176
        ]
      },
      {
        "date": "2023-12-08",
        "close": 4092.773926,
        "volume": 142425,
        "typical_volume": 197279.75,
        "trend": 3790.737329,
        "fair_value": 2886.683591,
        "relative_strength": 5.372928,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.24406,
        "energy": 54.7443,
        "activity_lines": [
          4091.838721,
          4033.449663,
          3927.761905,
          3869.286856
        ]
      },
      {
        "date": "2023-12-15",
        "close": 4129.882813,
        "volume": 145217,
        "typical_volume": 201519.6,
        "trend": 3814.616358,
        "fair_value": 2901.91518,
        "relative_strength": 3.432532,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.18896,
        "energy": 45.969554,
        "activity_lines": [
          4110.714909,
          4063.042725,
          3953.986372,
          3891.16721
        ]
      },
      {
        "date": "2023-12-22",
        "close": 4207.242676,
        "volume": 87767,
        "typical_volume": 201835.15,
        "trend": 3836.16993,
        "fair_value": 2917.648589,
        "relative_strength": 5.373933,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.802486,
        "energy": 42.848105,
        "activity_lines": [
          4143.50586,
          4098.961195,
          3985.522756,
          3916.49794
        ]
      },
      {
        "date": "2023-12-29",
        "close": 4191.006348,
        "volume": 87926,
        "typical_volume": 196417.9,
        "trend": 3854.929834,
        "fair_value": 2933.16864,
        "relative_strength": 2.790714,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.89996,
        "energy": 40.832658,
        "activity_lines": [
          4162.524154,
          4123.446129,
          4012.990153,
          3939.390613
        ]
      },
      {
        "date": "2024-01-05",
        "close": 3982.266602,
        "volume": 114048,
        "typical_volume": 198266.25,
        "trend": 3861.664103,
        "fair_value": 2947.108664,
        "relative_strength": -2.500417,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.780454,
        "energy": 31.559716,
        "activity_lines": [
          4109.975065,
          4107.282795,
          4018.691277,
          3947.605888
        ]
      },
      {
        "date": "2024-01-12",
        "close": 3952.694824,
        "volume": 81269,
        "typical_volume": 194261.45,
        "trend": 3868.873136,
        "fair_value": 2961.08834,
        "relative_strength": -4.227236,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 38.018042,
        "energy": 20.837868,
        "activity_lines": [
          4053.995182,
          4081.87227,
          4020.126984,
          3953.478838
        ]
      },
      {
        "date": "2024-01-19",
        "close": 3937.135498,
        "volume": 67488,
        "typical_volume": 192392.3,
        "trend": 3878.808358,
        "fair_value": 2974.950806,
        "relative_strength": -3.632725,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 27.488755,
        "energy": 17.331909,
        "activity_lines": [
          4002.167464,
          4055.363006,
          4019.333499,
          3957.882861
        ]
      },
      {
        "date": "2024-01-26",
        "close": 3688.96582,
        "volume": 166316,
        "typical_volume": 192593.1,
        "trend": 3876.631649,
        "fair_value": 2987.335571,
        "relative_strength": -8.64425,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": -11.380737,
        "energy": 22.195642,
        "activity_lines": [
          3880.466341,
          3983.998699,
          3994.190698,
          3945.634955
        ]
      },
      {
        "date": "2024-02-02",
        "close": 4035.321289,
        "volume": 185828,
        "typical_volume": 192374.2,
        "trend": 3888.526734,
        "fair_value": 3001.824768,
        "relative_strength": -2.534134,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 12.405716,
        "energy": 18.866703,
        "activity_lines": [
          3908.768831,
          3982.751181,
          4002.355365,
          3955.872997
        ]
      },
      {
        "date": "2024-02-09",
        "close": 4390.760742,
        "volume": 276906,
        "typical_volume": 203379.9,
        "trend": 3911.917098,
        "fair_value": 3018.447312,
        "relative_strength": 6.052691,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.750909,
        "energy": 26.087564,
        "activity_lines": [
          4065.930143,
          4048.417618,
          4042.935009,
          3988.275191
        ]
      },
      {
        "date": "2024-02-16",
        "close": 4454.302246,
        "volume": 324629,
        "typical_volume": 213029.15,
        "trend": 3935.336564,
        "fair_value": 3035.406988,
        "relative_strength": 5.949384,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.208655,
        "energy": 54.311598,
        "activity_lines": [
          4217.039014,
          4119.962562,
          4086.349814,
          4023.267781
        ]
      },
      {
        "date": "2024-02-23",
        "close": 4740.401855,
        "volume": 1149932,
        "typical_volume": 261816.6,
        "trend": 3970.077026,
        "fair_value": 3054.263416,
        "relative_strength": 11.457096,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.522146,
        "energy": 78.194363,
        "activity_lines": [
          4430.073926,
          4236.952375,
          4153.812902,
          4075.207477
        ]
      },
      {
        "date": "2024-03-01",
        "close": 4736.875,
        "volume": 142875,
        "typical_volume": 243523.45,
        "trend": 4005.390129,
        "fair_value": 3073.461795,
        "relative_strength": 10.432606,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.608956,
        "energy": 82.346443,
        "activity_lines": [
          4588.382129,
          4342.200595,
          4216.005718,
          4124.678314
        ]
      },
      {
        "date": "2024-03-08",
        "close": 4762.242676,
        "volume": 167640,
        "typical_volume": 226321.95,
        "trend": 4037.635417,
        "fair_value": 3092.65872,
        "relative_strength": 9.923806,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.323928,
        "energy": 82.763594,
        "activity_lines": [
          4685.285612,
          4442.431441,
          4275.871104,
          4173.507511
        ]
      },
      {
        "date": "2024-03-15",
        "close": 4809.546875,
        "volume": 180400,
        "typical_volume": 227529.15,
        "trend": 4075.354834,
        "fair_value": 3111.977044,
        "relative_strength": 12.808436,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.200753,
        "energy": 82.095701,
        "activity_lines": [
          4749.495736,
          4540.876935,
          4336.815492,
          4223.30825
        ]
      },
      {
        "date": "2024-03-22",
        "close": 4837.766602,
        "volume": 223132,
        "typical_volume": 225768.55,
        "trend": 4110.08868,
        "fair_value": 3131.834304,
        "relative_strength": 12.563145,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.849569,
        "energy": 73.407802,
        "activity_lines": [
          4795.19336,
          4629.41183,
          4395.494341,
          4272.496106
        ]
      },
      {
        "date": "2024-03-29",
        "close": 4925.380371,
        "volume": 126185,
        "typical_volume": 203256.3,
        "trend": 4148.028931,
        "fair_value": 3152.732068,
        "relative_strength": 12.944595,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.871562,
        "energy": 59.705641,
        "activity_lines": [
          4844.531283,
          4717.784286,
          4458.755885,
          4325.09557
        ]
      },
      {
        "date": "2024-04-05",
        "close": 4757.199707,
        "volume": 346560,
        "typical_volume": 213539.45,
        "trend": 4181.388102,
        "fair_value": 3172.232501,
        "relative_strength": 7.864789,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.081003,
        "energy": 51.081571,
        "activity_lines": [
          4825.477083,
          4757.610352,
          4501.36415,
          4364.39691
        ]
      },
      {
        "date": "2024-04-12",
        "close": 4706.711426,
        "volume": 121425,
        "typical_volume": 212273.3,
        "trend": 4213.822575,
        "fair_value": 3191.27771,
        "relative_strength": 6.478878,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.399045,
        "energy": 44.352861,
        "activity_lines": [
          4788.238477,
          4768.834295,
          4535.947982,
          4398.288738
        ]
      },
      {
        "date": "2024-04-19",
        "close": 4222.385742,
        "volume": 339295,
        "typical_volume": 223863.15,
        "trend": 4230.724943,
        "fair_value": 3207.061329,
        "relative_strength": -2.992503,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 27.23577,
        "energy": 18.510977,
        "activity_lines": [
          4593.260059,
          4679.79193,
          4521.807858,
          4398.8412
        ]
      },
      {
        "date": "2024-04-26",
        "close": 4346.249512,
        "volume": 546522,
        "typical_volume": 244068.0,
        "trend": 4249.518278,
        "fair_value": 3223.828404,
        "relative_strength": -1.387337,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 23.971717,
        "energy": 20.010901,
        "activity_lines": [
          4478.713639,
          4616.331614,
          4518.779892,
          4406.294398
        ]
      },
      {
        "date": "2024-05-03",
        "close": 4250.609863,
        "volume": 128400,
        "typical_volume": 243227.15,
        "trend": 4267.732552,
        "fair_value": 3239.976491,
        "relative_strength": -3.819335,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 10.42843,
        "energy": 20.396036,
        "activity_lines": [
          4365.055143,
          4537.446866,
          4505.436362,
          4406.364823
        ]
      },
      {
        "date": "2024-05-10",
        "close": 4242.189453,
        "volume": 102359,
        "typical_volume": 243956.75,
        "trend": 4284.446818,
        "fair_value": 3255.786704,
        "relative_strength": -2.215405,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -2.768649,
        "energy": 22.757254,
        "activity_lines": [
          4293.574544,
          4465.936444,
          4490.715997,
          4404.716881
        ]
      },
      {
        "date": "2024-05-17",
        "close": 4250.512207,
        "volume": 93471,
        "typical_volume": 244234.0,
        "trend": 4291.372258,
        "fair_value": 3271.637393,
        "relative_strength": -3.83129,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -19.914213,
        "energy": 27.104451,
        "activity_lines": [
          4259.202213,
          4404.933532,
          4476.621862,
          4402.527551
        ]
      },
      {
        "date": "2024-05-24",
        "close": 4201.645508,
        "volume": 80660,
        "typical_volume": 242564.6,
        "trend": 4305.780811,
        "fair_value": 3287.055645,
        "relative_strength": -6.884059,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -25.777475,
        "energy": 38.562045,
        "activity_lines": [
          4238.954264,
          4344.349956,
          4457.590395,
          4396.738729
        ]
      },
      {
        "date": "2024-05-31",
        "close": 3995.131104,
        "volume": 158703,
        "typical_volume": 246436.3,
        "trend": 4304.023267,
        "fair_value": 3300.57571,
        "relative_strength": -9.622104,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -38.350559,
        "energy": 52.725883,
        "activity_lines": [
          4151.250863,
          4257.271058,
          4417.846227,
          4376.696812
        ]
      },
      {
        "date": "2024-06-07",
        "close": 3959.55249,
        "volume": 266839,
        "typical_volume": 256403.85,
        "trend": 4304.281519,
        "fair_value": 3311.573497,
        "relative_strength": -13.061209,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -36.478887,
        "energy": 53.225902,
        "activity_lines": [
          4075.095817,
          4179.043968,
          4374.511543,
          4354.472891
        ]
      },
      {
        "date": "2024-06-14",
        "close": 4002.042969,
        "volume": 132121,
        "typical_volume": 254694.1,
        "trend": 4301.621802,
        "fair_value": 3321.865901,
        "relative_strength": -12.545121,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -30.545792,
        "energy": 51.855306,
        "activity_lines": [
          4032.508089,
          4126.102925,
          4335.116824,
          4334.97363
        ]
      },
      {
        "date": "2024-06-21",
        "close": 4092.232178,
        "volume": 169616,
        "typical_volume": 253883.5,
        "trend": 4299.323063,
        "fair_value": 3332.237532,
        "relative_strength": -10.52552,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -35.402309,
        "energy": 51.039332,
        "activity_lines": [
          4035.993197,
          4103.290044,
          4302.820709,
          4321.464622
        ]
      },
      {
        "date": "2024-06-28",
        "close": 4138.956543,
        "volume": 252798,
        "typical_volume": 252678.1,
        "trend": 4301.332829,
        "fair_value": 3342.749362,
        "relative_strength": -11.220118,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -31.393409,
        "energy": 32.001361,
        "activity_lines": [
          4065.605095,
          4100.144851,
          4274.70353,
          4311.118395
        ]
      },
      {
        "date": "2024-07-05",
        "close": 4155.603027,
        "volume": 297560,
        "typical_volume": 251324.65,
        "trend": 4303.427132,
        "fair_value": 3353.585615,
        "relative_strength": -11.841282,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -44.318068,
        "energy": 29.458922,
        "activity_lines": [
          4104.945085,
          4101.543186,
          4249.370797,
          4301.716472
        ]
      },
      {
        "date": "2024-07-12",
        "close": 4214.446777,
        "volume": 383633,
        "typical_volume": 213009.7,
        "trend": 4306.245931,
        "fair_value": 3364.127667,
        "relative_strength": -11.097504,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -38.343314,
        "energy": 20.773746,
        "activity_lines": [
          4153.20153,
          4117.106685,
          4231.064609,
          4295.975804
        ]
      },
      {
        "date": "2024-07-19",
        "close": 4157.597168,
        "volume": 573239,
        "typical_volume": 234527.9,
        "trend": 4304.591081,
        "fair_value": 3372.490233,
        "relative_strength": -12.22044,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -35.228426,
        "energy": 19.132775,
        "activity_lines": [
          4165.515153,
          4122.991402,
          4209.84872,
          4286.385561
        ]
      },
      {
        "date": "2024-07-26",
        "close": 4114.572266,
        "volume": 194655,
        "typical_volume": 235878.65,
        "trend": 4302.043278,
        "fair_value": 3382.169557,
        "relative_strength": -13.998755,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -36.56647,
        "energy": 19.5106,
        "activity_lines": [
          4153.116862,
          4122.591451,
          4187.293687,
          4274.126283
        ]
      },
      {
        "date": "2024-08-02",
        "close": 4204.499023,
        "volume": 206476,
        "typical_volume": 237182.45,
        "trend": 4309.451025,
        "fair_value": 3392.035638,
        "relative_strength": -11.540818,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -33.667804,
        "energy": 17.0149,
        "activity_lines": [
          4169.204818,
          4141.013454,
          4176.387252,
          4267.833105
        ]
      },
      {
        "date": "2024-08-09",
        "close": 4306.40918,
        "volume": 320934,
        "typical_volume": 242072.55,
        "trend": 4321.241504,
        "fair_value": 3404.365607,
        "relative_strength": -7.923325,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -24.390152,
        "energy": 13.265126,
        "activity_lines": [
          4214.893327,
          4177.912695,
          4178.067727,
          4267.636857
        ]
      },
      {
        "date": "2024-08-16",
        "close": 4395.348145,
        "volume": 167738,
        "typical_volume": 244150.2,
        "trend": 4336.515259,
        "fair_value": 3416.734519,
        "relative_strength": -6.580279,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -0.479464,
        "energy": 9.636529,
        "activity_lines": [
          4280.174414,
          4225.323056,
          4190.748853,
          4272.41793
        ]
      },
      {
        "date": "2024-08-23",
        "close": 4434.260254,
        "volume": 145729,
        "typical_volume": 234108.65,
        "trend": 4361.358407,
        "fair_value": 3428.371893,
        "relative_strength": -6.65175,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 4.072221,
        "energy": 18.050751,
        "activity_lines": [
          4346.366113,
          4271.884788,
          4209.659856,
          4278.724059
        ]
      },
      {
        "date": "2024-08-30",
        "close": 4351.171387,
        "volume": 113059,
        "typical_volume": 233690.35,
        "trend": 4371.886743,
        "fair_value": 3439.370354,
        "relative_strength": -9.695418,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -3.170876,
        "energy": 22.216728,
        "activity_lines": [
          4366.417318,
          4295.480957,
          4222.195442,
          4278.066832
        ]
      },
      {
        "date": "2024-09-06",
        "close": 4499.160645,
        "volume": 174744,
        "typical_volume": 225462.8,
        "trend": 4375.500073,
        "fair_value": 3451.267921,
        "relative_strength": -5.101034,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 29.034319,
        "energy": 45.307963,
        "activity_lines": [
          4420.025,
          4341.276279,
          4250.51829,
          4286.278052
        ]
      },
      {
        "date": "2024-09-13",
        "close": 4550.89502,
        "volume": 119785,
        "typical_volume": 204125.95,
        "trend": 4378.719832,
        "fair_value": 3462.95153,
        "relative_strength": -5.867583,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 30.961354,
        "energy": 46.891685,
        "activity_lines": [
          4471.233366,
          4389.928685,
          4282.450245,
          4297.593855
        ]
      },
      {
        "date": "2024-09-20",
        "close": 4519.151855,
        "volume": 143705,
        "typical_volume": 204891.2,
        "trend": 4371.344832,
        "fair_value": 3474.730724,
        "relative_strength": -7.972359,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 34.227612,
        "energy": 41.682548,
        "activity_lines": [
          4495.561621,
          4425.622479,
          4310.38454,
          4306.653985
        ]
      },
      {
        "date": "2024-09-27",
        "close": 4446.9375,
        "volume": 95307,
        "typical_volume": 204538.6,
        "trend": 4361.680249,
        "fair_value": 3486.703391,
        "relative_strength": -10.579712,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 29.986198,
        "energy": 36.100461,
        "activity_lines": [
          4487.564844,
          4442.646298,
          4330.162506,
          4311.530931
        ]
      },
      {
        "date": "2024-10-04",
        "close": 4289.976074,
        "volume": 188017,
        "typical_volume": 209265.9,
        "trend": 4345.938029,
        "fair_value": 3496.628867,
        "relative_strength": -9.56521,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 20.397295,
        "energy": 18.060359,
        "activity_lines": [
          4426.402441,
          4425.870943,
          4334.016774,
          4306.904856
        ]
      },
      {
        "date": "2024-10-11",
        "close": 4595.072266,
        "volume": 306504,
        "typical_volume": 220558.1,
        "trend": 4338.788875,
        "fair_value": 3508.195108,
        "relative_strength": -2.885782,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 34.645981,
        "energy": 22.655493,
        "activity_lines": [
          4471.018457,
          4461.378462,
          4366.739898,
          4322.978032
        ]
      },
      {
        "date": "2024-10-18",
        "close": 4585.515625,
        "volume": 1188931,
        "typical_volume": 272069.5,
        "trend": 4330.380509,
        "fair_value": 3520.65704,
        "relative_strength": -2.436617,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 57.533751,
        "energy": 31.08383,
        "activity_lines": [
          4506.054818,
          4488.047079,
          4396.679406,
          4338.895887
        ]
      },
      {
        "date": "2024-10-25",
        "close": 4954.098633,
        "volume": 765310,
        "typical_volume": 296993.05,
        "trend": 4331.337785,
        "fair_value": 3535.58708,
        "relative_strength": 8.263394,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.648018,
        "energy": 56.612286,
        "activity_lines": [
          4661.644141,
          4576.656126,
          4458.910703,
          4379.135766
        ]
      },
      {
        "date": "2024-11-01",
        "close": 5342.12793,
        "volume": 391097,
        "typical_volume": 309941.85,
        "trend": 4350.835392,
        "fair_value": 3552.532166,
        "relative_strength": 16.039866,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 86.391537,
        "energy": 83.866475,
        "activity_lines": [
          4917.580111,
          4725.656854,
          4553.361236,
          4444.348033
        ]
      },
      {
        "date": "2024-11-08",
        "close": 5370.638672,
        "volume": 297786,
        "typical_volume": 316350.35,
        "trend": 4372.966301,
        "fair_value": 3567.890234,
        "relative_strength": 17.187854,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.727187,
        "energy": 89.334358,
        "activity_lines": [
          5123.3403,
          4863.334668,
          4644.145722,
          4510.141793
        ]
      },
      {
        "date": "2024-11-15",
        "close": 5076.591309,
        "volume": 157451,
        "typical_volume": 311583.0,
        "trend": 4401.439819,
        "fair_value": 3581.018974,
        "relative_strength": 13.567008,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.642853,
        "energy": 82.49959,
        "activity_lines": [
          5159.040528,
          4929.013557,
          4700.838047,
          4555.536955
        ]
      },
      {
        "date": "2024-11-22",
        "close": 5363.351074,
        "volume": 375088,
        "typical_volume": 315459.4,
        "trend": 4435.343205,
        "fair_value": 3596.542013,
        "relative_strength": 17.933679,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.50325,
        "energy": 83.026515,
        "activity_lines": [
          5258.226074,
          5036.331845,
          4780.375898,
          4617.595746
        ]
      },
      {
        "date": "2024-11-29",
        "close": 5246.182129,
        "volume": 262221,
        "typical_volume": 309388.8,
        "trend": 4468.528947,
        "fair_value": 3612.051669,
        "relative_strength": 14.100703,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.441388,
        "energy": 60.108777,
        "activity_lines": [
          5266.499609,
          5107.57476,
          4843.00362,
          4669.907934
        ]
      },
      {
        "date": "2024-12-06",
        "close": 5193.613281,
        "volume": 170583,
        "typical_volume": 289256.0,
        "trend": 4500.243075,
        "fair_value": 3626.87657,
        "relative_strength": 10.284895,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.941309,
        "energy": 49.471591,
        "activity_lines": [
          5237.777962,
          5156.040971,
          4895.711761,
          4716.687569
        ]
      },
      {
        "date": "2024-12-13",
        "close": 5689.966797,
        "volume": 690765,
        "typical_volume": 314061.5,
        "trend": 4548.224894,
        "fair_value": 3645.282488,
        "relative_strength": 19.933107,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.616145,
        "energy": 57.797787,
        "activity_lines": [
          5384.408464,
          5281.177353,
          4990.758254,
          4793.443938
        ]
      },
      {
        "date": "2024-12-20",
        "close": 5626.150391,
        "volume": 292714,
        "typical_volume": 318373.4,
        "trend": 4595.70839,
        "fair_value": 3663.288961,
        "relative_strength": 24.008415,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.673787,
        "energy": 54.442287,
        "activity_lines": [
          5488.478288,
          5369.256374,
          5072.225116,
          4862.987518
        ]
      },
      {
        "date": "2024-12-27",
        "close": 5463.355469,
        "volume": 131726,
        "typical_volume": 308913.0,
        "trend": 4644.649203,
        "fair_value": 3680.940197,
        "relative_strength": 18.84333,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.056309,
        "energy": 49.754127,
        "activity_lines": [
          5501.645866,
          5408.989444,
          5131.417932,
          4918.964749
        ]
      },
      {
        "date": "2025-01-03",
        "close": 5973.988281,
        "volume": 819730,
        "typical_volume": 341512.6,
        "trend": 4711.797062,
        "fair_value": 3702.092349,
        "relative_strength": 28.080154,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.759932,
        "energy": 55.377591,
        "activity_lines": [
          5678.357422,
          5525.604119,
          5233.733175,
          5004.728561
        ]
      },
      {
        "date": "2025-01-10",
        "close": 5550.987793,
        "volume": 311474,
        "typical_volume": 349799.85,
        "trend": 4763.428556,
        "fair_value": 3719.712761,
        "relative_strength": 21.246344,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.131219,
        "energy": 45.291951,
        "activity_lines": [
          5665.548405,
          5546.766167,
          5288.245324,
          5058.869898
        ]
      },
      {
        "date": "2025-01-17",
        "close": 5460.275391,
        "volume": 429612,
        "typical_volume": 365627.5,
        "trend": 4809.029997,
        "fair_value": 3737.645051,
        "relative_strength": 19.810657,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.396909,
        "energy": 39.019645,
        "activity_lines": [
          5598.676953,
          5547.637598,
          5328.800447,
          5103.827759
        ]
      },
      {
        "date": "2025-01-24",
        "close": 5205.496582,
        "volume": 265830,
        "typical_volume": 370181.8,
        "trend": 4844.581331,
        "fair_value": 3754.302155,
        "relative_strength": 14.180592,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 40.768473,
        "energy": 27.585667,
        "activity_lines": [
          5462.191992,
          5500.555851,
          5339.809473,
          5129.406248
        ]
      },
      {
        "date": "2025-01-31",
        "close": 5313.960449,
        "volume": 213742,
        "typical_volume": 374879.65,
        "trend": 4883.193246,
        "fair_value": 3771.514528,
        "relative_strength": 14.036282,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.557268,
        "energy": 18.003964,
        "activity_lines": [
          5389.905241,
          5470.851074,
          5357.784887,
          5159.688772
        ]
      },
      {
        "date": "2025-02-07",
        "close": 5112.828125,
        "volume": 170528,
        "typical_volume": 376220.8,
        "trend": 4913.13929,
        "fair_value": 3787.763686,
        "relative_strength": 9.316211,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 23.994676,
        "energy": 17.582204,
        "activity_lines": [
          5260.534049,
          5405.474796,
          5352.971196,
          5174.503925
        ]
      },
      {
        "date": "2025-02-14",
        "close": 5010.916992,
        "volume": 749949,
        "typical_volume": 408952.9,
        "trend": 4941.583285,
        "fair_value": 3802.606206,
        "relative_strength": 9.909147,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 4.663806,
        "energy": 12.383879,
        "activity_lines": [
          5154.603157,
          5323.993839,
          5335.624654,
          5180.812164
        ]
      },
      {
        "date": "2025-02-21",
        "close": 4547.962891,
        "volume": 296543,
        "typical_volume": 414379.2,
        "trend": 4956.029639,
        "fair_value": 3815.422017,
        "relative_strength": 0.473366,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -30.260639,
        "energy": 27.786109,
        "activity_lines": [
          4930.358952,
          5161.661159,
          5271.501628,
          5155.4173
        ]
      },
      {
        "date": "2025-02-28",
        "close": 4292.01123,
        "volume": 231396,
        "typical_volume": 410623.8,
        "trend": 4958.946712,
        "fair_value": 3826.358643,
        "relative_strength": -2.133434,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -37.732916,
        "energy": 49.398186,
        "activity_lines": [
          4681.618359,
          4973.555522,
          5181.773744,
          5112.577403
        ]
      },
      {
        "date": "2025-03-07",
        "close": 4390.353516,
        "volume": 189220,
        "typical_volume": 360638.25,
        "trend": 4961.744857,
        "fair_value": 3837.779028,
        "relative_strength": -1.627349,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -31.620839,
        "energy": 55.377598,
        "activity_lines": [
          4526.557552,
          4827.587376,
          5102.854941,
          5075.893971
        ]
      },
      {
        "date": "2025-03-14",
        "close": 4277.634277,
        "volume": 106372,
        "typical_volume": 327691.35,
        "trend": 4957.821061,
        "fair_value": 3847.895126,
        "relative_strength": -3.23079,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -43.726279,
        "energy": 65.23453,
        "activity_lines": [
          4395.497461,
          4680.633949,
          5014.130315,
          5031.757804
        ]
      },
      {
        "date": "2025-03-21",
        "close": 4140.807129,
        "volume": 542599,
        "typical_volume": 335266.45,
        "trend": 4948.03929,
        "fair_value": 3855.857452,
        "relative_strength": -9.784334,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -44.814057,
        "energy": 65.674153,
        "activity_lines": [
          4274.50791,
          4539.645659,
          4915.595791,
          4979.047228
        ]
      },
      {
        "date": "2025-03-28",
        "close": 4087.113037,
        "volume": 384616,
        "typical_volume": 339607.95,
        "trend": 4939.237345,
        "fair_value": 3862.045524,
        "relative_strength": -11.18695,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -70.484046,
        "energy": 72.184701,
        "activity_lines": [
          4193.627653,
          4414.534455,
          4817.66812,
          4923.503599
        ]
      },
      {
        "date": "2025-04-04",
        "close": 4101.587891,
        "volume": 207182,
        "typical_volume": 342094.5,
        "trend": 4925.98492,
        "fair_value": 3868.396707,
        "relative_strength": -8.188846,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.354296,
        "energy": 77.267841,
        "activity_lines": [
          4148.295671,
          4317.021631,
          4727.231033,
          4869.461698
        ]
      },
      {
        "date": "2025-04-11",
        "close": 4148.867188,
        "volume": 243446,
        "typical_volume": 335512.4,
        "trend": 4912.583993,
        "fair_value": 3874.695103,
        "relative_strength": -6.570593,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.862769,
        "energy": 72.558988,
        "activity_lines": [
          4131.418343,
          4248.17611,
          4645.939609,
          4819.32507
        ]
      },
      {
        "date": "2025-04-18",
        "close": 4483.416016,
        "volume": 167842,
        "typical_volume": 330793.45,
        "trend": 4911.392798,
        "fair_value": 3882.989518,
        "relative_strength": -3.34192,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.672939,
        "energy": 50.012649,
        "activity_lines": [
          4242.156381,
          4261.341162,
          4602.293235,
          4791.636814
        ]
      },
      {
        "date": "2025-04-25",
        "close": 4452.810059,
        "volume": 247661,
        "typical_volume": 334647.35,
        "trend": 4911.58855,
        "fair_value": 3889.196909,
        "relative_strength": -4.669988,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -46.592948,
        "energy": 35.552426,
        "activity_lines": [
          4328.973649,
          4280.385352,
          4559.364228,
          4762.050831
        ]
      },
      {
        "date": "2025-05-02",
        "close": 4603.478027,
        "volume": 916065,
        "typical_volume": 345912.35,
        "trend": 4922.038615,
        "fair_value": 3899.204263,
        "relative_strength": -2.688125,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -39.526202,
        "energy": 23.639642,
        "activity_lines": [
          4445.213379,
          4336.971116,
          4534.312185,
          4742.172732
        ]
      },
      {
        "date": "2025-05-09",
        "close": 4801.084961,
        "volume": 500086,
        "typical_volume": 356280.95,
        "trend": 4928.905705,
        "fair_value": 3910.120834,
        "relative_strength": 2.843119,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -24.180539,
        "energy": 24.335766,
        "activity_lines": [
          4592.897754,
          4428.476048,
          4533.253606,
          4734.369271
        ]
      },
      {
        "date": "2025-05-16",
        "close": 4944.322266,
        "volume": 289081,
        "typical_volume": 364148.7,
        "trend": 4940.865926,
        "fair_value": 3918.906972,
        "relative_strength": 1.543767,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -4.532607,
        "energy": 20.370723,
        "activity_lines": [
          4741.694759,
          4536.76824,
          4549.765559,
          4735.363888
        ]
      },
      {
        "date": "2025-05-23",
        "close": 5021.609375,
        "volume": 222277,
        "typical_volume": 334276.05,
        "trend": 4943.116284,
        "fair_value": 3929.306902,
        "relative_strength": 3.627718,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": 11.3064,
        "energy": 29.47897,
        "activity_lines": [
          4863.223796,
          4649.040474,
          4576.109775,
          4740.573143
        ]
      },
      {
        "date": "2025-05-30",
        "close": 5175.19873,
        "volume": 207838,
        "typical_volume": 329094.25,
        "trend": 4937.551978,
        "fair_value": 3941.147294,
        "relative_strength": 6.90429,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 36.996351,
        "energy": 47.842808,
        "activity_lines": [
          5000.069726,
          4775.711226,
          4621.616686,
          4755.546204
        ]
      },
      {
        "date": "2025-06-06",
        "close": 5274.074707,
        "volume": 194260,
        "typical_volume": 317326.65,
        "trend": 4934.333179,
        "fair_value": 3953.990547,
        "relative_strength": 7.414946,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 39.629658,
        "energy": 64.664214,
        "activity_lines": [
          5121.715072,
          4901.552308,
          4678.329829,
          4777.257347
        ]
      },
      {
        "date": "2025-06-13",
        "close": 5260.766602,
        "volume": 857023,
        "typical_volume": 346886.3,
        "trend": 4940.472355,
        "fair_value": 3968.815431,
        "relative_strength": 7.930031,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 33.988181,
        "energy": 61.734507,
        "activity_lines": [
          5194.217936,
          5003.392614,
          4734.662204,
          4798.317568
        ]
      },
      {
        "date": "2025-06-20",
        "close": 5669.383789,
        "volume": 968893,
        "typical_volume": 384643.85,
        "trend": 4950.673446,
        "fair_value": 3985.802223,
        "relative_strength": 13.915665,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 48.56276,
        "energy": 68.792768,
        "activity_lines": [
          5372.281087,
          5158.450977,
          4829.64731,
          4845.344112
        ]
      },
      {
        "date": "2025-06-27",
        "close": 5906.964355,
        "volume": 395409,
        "typical_volume": 395887.9,
        "trend": 4972.69952,
        "fair_value": 4003.696292,
        "relative_strength": 15.60621,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 58.402485,
        "energy": 73.942246,
        "activity_lines": [
          5581.200325,
          5329.06005,
          4945.566645,
          4907.0403
        ]
      },
      {
        "date": "2025-07-04",
        "close": 5769.444336,
        "volume": 399893,
        "typical_volume": 378385.1,
        "trend": 4991.893888,
        "fair_value": 4020.483142,
        "relative_strength": 13.090446,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 45.776603,
        "energy": 67.95123,
        "activity_lines": [
          5685.255892,
          5448.782786,
          5044.607234,
          4958.443191
        ]
      },
      {
        "date": "2025-07-11",
        "close": 5888.233887,
        "volume": 273083,
        "typical_volume": 377212.1,
        "trend": 4998.502791,
        "fair_value": 4038.259576,
        "relative_strength": 16.15431,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 74.175447,
        "energy": 83.187138,
        "activity_lines": [
          5789.291602,
          5566.164817,
          5151.349078,
          5016.271578
        ]
      },
      {
        "date": "2025-07-18",
        "close": 5819.227051,
        "volume": 176004,
        "typical_volume": 374442.5,
        "trend": 5004.93868,
        "fair_value": 4055.53412,
        "relative_strength": 14.930102,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.324336,
        "energy": 76.861251,
        "activity_lines": [
          5829.381087,
          5647.640954,
          5245.1366,
          5069.221531
        ]
      },
      {
        "date": "2025-07-25",
        "close": 5467.786133,
        "volume": 188946,
        "typical_volume": 374428.8,
        "trend": 5005.086369,
        "fair_value": 4071.586122,
        "relative_strength": 8.002557,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.018252,
        "energy": 51.841556,
        "activity_lines": [
          5715.092904,
          5646.707067,
          5298.181102,
          5099.082657
        ]
      },
      {
        "date": "2025-08-01",
        "close": 5150.333496,
        "volume": 207971,
        "typical_volume": 379508.75,
        "trend": 4977.631209,
        "fair_value": 4085.150594,
        "relative_strength": 2.474606,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 45.655557,
        "energy": 33.800232,
        "activity_lines": [
          5508.427018,
          5578.536994,
          5315.861389,
          5108.453439
        ]
      },
      {
        "date": "2025-08-08",
        "close": 5138.484375,
        "volume": 195968,
        "typical_volume": 362177.2,
        "trend": 4963.881095,
        "fair_value": 4098.268527,
        "relative_strength": 2.756572,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.033617,
        "energy": 26.208122,
        "activity_lines": [
          5348.253483,
          5505.872097,
          5328.257477,
          5118.831063
        ]
      },
      {
        "date": "2025-08-15",
        "close": 5272.278809,
        "volume": 104658,
        "typical_volume": 348179.3,
        "trend": 4957.614543,
        "fair_value": 4112.139669,
        "relative_strength": 3.944626,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 28.751289,
        "energy": 28.244898,
        "activity_lines": [
          5274.74209,
          5458.200994,
          5348.645048,
          5138.727689
        ]
      },
      {
        "date": "2025-08-22",
        "close": 5246.112305,
        "volume": 108352,
        "typical_volume": 343237.8,
        "trend": 4958.9684,
        "fair_value": 4125.349174,
        "relative_strength": 2.127518,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 24.439344,
        "energy": 25.924055,
        "activity_lines": [
          5233.572201,
          5405.804998,
          5360.896924,
          5157.340448
        ]
      },
      {
        "date": "2025-08-29",
        "close": 4923.229492,
        "volume": 225342,
        "typical_volume": 342332.6,
        "trend": 4945.944035,
        "fair_value": 4137.123811,
        "relative_strength": -2.682925,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -2.523804,
        "energy": 17.043096,
        "activity_lines": [
          5122.982357,
          5294.969478,
          5336.94794,
          5155.034712
        ]
      },
      {
        "date": "2025-09-05",
        "close": 4944.853516,
        "volume": 181757,
        "typical_volume": 343028.35,
        "trend": 4940.344881,
        "fair_value": 4149.310813,
        "relative_strength": -3.665018,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -1.945795,
        "energy": 17.74496,
        "activity_lines": [
          5055.904297,
          5201.63204,
          5311.370947,
          5154.964356
        ]
      },
      {
        "date": "2025-09-12",
        "close": 4938.238281,
        "volume": 144139,
        "typical_volume": 337852.25,
        "trend": 4937.922258,
        "fair_value": 4161.58726,
        "relative_strength": -5.373257,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": -4.580032,
        "energy": 22.837102,
        "activity_lines": [
          5000.319824,
          5124.584757,
          5282.966611,
          5154.828446
        ]
      },
      {
        "date": "2025-09-19",
        "close": 4923.032227,
        "volume": 104766,
        "typical_volume": 297287.3,
        "trend": 4950.424569,
        "fair_value": 4173.132858,
        "relative_strength": -6.623721,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": -6.819279,
        "energy": 38.337588,
        "activity_lines": [
          4953.016406,
          5059.885574,
          5250.802516,
          5153.867799
        ]
      },
      {
        "date": "2025-09-26",
        "close": 4562.330566,
        "volume": 185178,
        "typical_volume": 281541.9,
        "trend": 4959.435213,
        "fair_value": 4182.496598,
        "relative_strength": -11.229871,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -44.662715,
        "energy": 62.725601,
        "activity_lines": [
          4808.762207,
          4947.153391,
          5182.764195,
          5128.829477
        ]
      },
      {
        "date": "2025-10-03",
        "close": 4550.975586,
        "volume": 335750,
        "typical_volume": 283875.35,
        "trend": 4964.789282,
        "fair_value": 4192.369451,
        "relative_strength": -12.394325,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -41.753666,
        "energy": 64.008802,
        "activity_lines": [
          4706.308464,
          4855.209331,
          5114.781373,
          5102.477242
        ]
      },
      {
        "date": "2025-10-10",
        "close": 4625.229492,
        "volume": 172462,
        "typical_volume": 281384.6,
        "trend": 4976.375789,
        "fair_value": 4202.874509,
        "relative_strength": -12.332843,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -41.681367,
        "energy": 65.357365,
        "activity_lines": [
          4653.422949,
          4793.435263,
          5055.743431,
          5080.570159
        ]
      },
      {
        "date": "2025-10-17",
        "close": 4654.949707,
        "volume": 185575,
        "typical_volume": 280271.45,
        "trend": 4993.513875,
        "fair_value": 4214.8898,
        "relative_strength": -13.198786,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -37.979221,
        "energy": 63.158906,
        "activity_lines": [
          4631.752441,
          4746.612216,
          5001.42351,
          5059.832993
        ]
      },
      {
        "date": "2025-10-24",
        "close": 4899.926758,
        "volume": 268658,
        "typical_volume": 283991.35,
        "trend": 5020.607666,
        "fair_value": 4228.201707,
        "relative_strength": -8.807368,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.466618,
        "energy": 37.312623,
        "activity_lines": [
          4710.626855,
          4753.12199,
          4972.912112,
          5053.795114
        ]
      },
      {
        "date": "2025-10-31",
        "close": 4882.888672,
        "volume": 189707,
        "typical_volume": 250625.55,
        "trend": 5046.651025,
        "fair_value": 4241.650291,
        "relative_strength": -8.613531,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -45.827053,
        "energy": 33.103607,
        "activity_lines": [
          4785.362272,
          4763.303968,
          4944.559696,
          5044.910018
        ]
      },
      {
        "date": "2025-11-07",
        "close": 4679.021484,
        "volume": 119759,
        "typical_volume": 208168.85,
        "trend": 5064.322835,
        "fair_value": 4253.412249,
        "relative_strength": -11.320631,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.373019,
        "energy": 32.08601,
        "activity_lines": [
          4770.771419,
          4743.023251,
          4898.590776,
          5021.191983
        ]
      },
      {
        "date": "2025-11-14",
        "close": 4595.613281,
        "volume": 144768,
        "typical_volume": 195636.8,
        "trend": 5068.062744,
        "fair_value": 4264.62518,
        "relative_strength": -13.999234,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.393846,
        "energy": 35.613619,
        "activity_lines": [
          4719.841439,
          4712.017551,
          4849.394229,
          4990.952657
        ]
      },
      {
        "date": "2025-11-21",
        "close": 4479.414551,
        "volume": 164626,
        "typical_volume": 183873.45,
        "trend": 5068.949561,
        "fair_value": 4275.121969,
        "relative_strength": -16.272215,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.734581,
        "energy": 51.050344,
        "activity_lines": [
          4632.152962,
          4666.234632,
          4795.375665,
          4952.975354
        ]
      },
      {
        "date": "2025-11-28",
        "close": 4382.137695,
        "volume": 198949,
        "typical_volume": 180166.75,
        "trend": 5061.57155,
        "fair_value": 4285.321806,
        "relative_strength": -18.127005,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.714692,
        "energy": 79.550677,
        "activity_lines": [
          4523.741211,
          4611.107262,
          4738.235638,
          4908.664911
        ]
      },
      {
        "date": "2025-12-05",
        "close": 4407.496582,
        "volume": 392954,
        "typical_volume": 191014.25,
        "trend": 5048.451937,
        "fair_value": 4296.365551,
        "relative_strength": -17.273089,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.776108,
        "energy": 79.759489,
        "activity_lines": [
          4458.301693,
          4570.425044,
          4690.682629,
          4866.466526
        ]
      },
      {
        "date": "2025-12-12",
        "close": 4456.333984,
        "volume": 276464,
        "typical_volume": 195390.15,
        "trend": 5032.185661,
        "fair_value": 4307.639251,
        "relative_strength": -15.439773,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.616302,
        "energy": 73.348893,
        "activity_lines": [
          4440.834114,
          4541.437518,
          4654.503327,
          4828.265368
        ]
      },
      {
        "date": "2025-12-19",
        "close": 4337.06543,
        "volume": 325832,
        "typical_volume": 201283.2,
        "trend": 5009.367529,
        "fair_value": 4318.45395,
        "relative_strength": -16.88281,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.391293,
        "energy": 70.222821,
        "activity_lines": [
          4398.456185,
          4492.485556,
          4611.781555,
          4783.418901
        ]
      },
      {
        "date": "2025-12-26",
        "close": 4218.885742,
        "volume": 179086,
        "typical_volume": 200439.1,
        "trend": 4977.49043,
        "fair_value": 4326.754545,
        "relative_strength": -18.859764,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.003771,
        "energy": 66.654149,
        "activity_lines": [
          4333.921549,
          4427.285724,
          4561.677279,
          4732.420076
        ]
      },
      {
        "date": "2026-01-02",
        "close": 4416.709961,
        "volume": 303006,
        "typical_volume": 210356.5,
        "trend": 4948.911605,
        "fair_value": 4337.093811,
        "relative_strength": -15.317015,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.931583,
        "energy": 52.677337,
        "activity_lines": [
          4352.696908,
          4405.982369,
          4534.792446,
          4696.240691
        ]
      },
      {
        "date": "2026-01-09",
        "close": 4698.239258,
        "volume": 563919,
        "typical_volume": 233134.85,
        "trend": 4930.160693,
        "fair_value": 4348.671287,
        "relative_strength": -7.16964,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -42.67801,
        "energy": 34.526825,
        "activity_lines": [
          4463.010547,
          4444.651918,
          4538.794064,
          4680.068282
        ]
      },
      {
        "date": "2026-01-16",
        "close": 4703.390625,
        "volume": 193929,
        "typical_volume": 231564.2,
        "trend": 4897.960921,
        "fair_value": 4360.473048,
        "relative_strength": -6.631521,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -29.711269,
        "energy": 18.370048,
        "activity_lines": [
          4555.658464,
          4487.615341,
          4545.895208,
          4665.437955
        ]
      },
      {
        "date": "2026-01-23",
        "close": 4449.201172,
        "volume": 249226,
        "typical_volume": 234937.65,
        "trend": 4849.368815,
        "fair_value": 4370.445261,
        "relative_strength": -8.973964,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.813513,
        "energy": 22.618434,
        "activity_lines": [
          4547.10612,
          4483.919425,
          4529.834684,
          4636.485713
        ]
      },
      {
        "date": "2026-01-30",
        "close": 4620.278809,
        "volume": 133564,
        "typical_volume": 234408.9,
        "trend": 4811.063298,
        "fair_value": 4380.954078,
        "relative_strength": -6.086015,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -25.0512,
        "energy": 20.875252,
        "activity_lines": [
          4588.103939,
          4513.990572,
          4532.427518,
          4621.705712
        ]
      },
      {
        "date": "2026-02-06",
        "close": 4710.423828,
        "volume": 248859,
        "typical_volume": 241613.55,
        "trend": 4771.802962,
        "fair_value": 4391.747737,
        "relative_strength": -5.328207,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -3.508113,
        "energy": 11.060153,
        "activity_lines": [
          4632.39056,
          4557.890554,
          4545.119685,
          4615.212843
        ]
      },
      {
        "date": "2026-02-13",
        "close": 4401.45459,
        "volume": 247418,
        "typical_volume": 244725.55,
        "trend": 4724.54388,
        "fair_value": 4400.768893,
        "relative_strength": -10.357733,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -29.326738,
        "energy": 13.483426,
        "activity_lines": [
          4554.106511,
          4539.645472,
          4529.398631,
          4591.3194
        ]
      },
      {
        "date": "2026-02-20",
        "close": 4524.091309,
        "volume": 237412,
        "typical_volume": 239808.65,
        "trend": 4693.087386,
        "fair_value": 4410.103819,
        "relative_strength": -8.013646,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -29.522711,
        "energy": 12.439514,
        "activity_lines": [
          4536.487012,
          4543.80783,
          4526.12334,
          4578.386976
        ]
      },
      {
        "date": "2026-02-27",
        "close": 4335.281738,
        "volume": 170640,
        "typical_volume": 239717.55,
        "trend": 4665.918994,
        "fair_value": 4417.162408,
        "relative_strength": -10.282529,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -47.738727,
        "energy": 25.455105,
        "activity_lines": [
          4467.884277,
          4512.409224,
          4504.994206,
          4555.302741
        ]
      },
      {
        "date": "2026-03-06",
        "close": 4248.504883,
        "volume": 100683,
        "typical_volume": 235472.95,
        "trend": 4636.253011,
        "fair_value": 4424.172537,
        "relative_strength": -9.269674,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -61.951526,
        "energy": 46.835002,
        "activity_lines": [
          4377.950553,
          4465.265439,
          4476.981313,
          4528.372798
        ]
      },
      {
        "date": "2026-03-13",
        "close": 4124.976563,
        "volume": 191725,
        "typical_volume": 231626.3,
        "trend": 4598.009603,
        "fair_value": 4432.296154,
        "relative_strength": -6.843706,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.566919,
        "energy": 63.068286,
        "activity_lines": [
          4271.625651,
          4395.123429,
          4439.13927,
          4495.387221
        ]
      },
      {
        "date": "2026-03-20",
        "close": 3962.814453,
        "volume": 377716,
        "typical_volume": 241026.75,
        "trend": 4555.233008,
        "fair_value": 4439.068622,
        "relative_strength": -10.311064,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.547147,
        "energy": 75.580579,
        "activity_lines": [
          4150.27653,
          4300.801643,
          4389.543455,
          4454.406888
        ]
      },
      {
        "date": "2026-03-27",
        "close": 3806.695313,
        "volume": 313640,
        "typical_volume": 250720.8,
        "trend": 4518.015202,
        "fair_value": 4443.662786,
        "relative_strength": -12.669907,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -81.532129,
        "energy": 81.737056,
        "activity_lines": [
          4006.130371,
          4191.465918,
          4329.460456,
          4406.114134
        ]
      },
      {
        "date": "2026-04-03",
        "close": 3698.225098,
        "volume": 315716,
        "typical_volume": 259268.2,
        "trend": 4476.460921,
        "fair_value": 4446.910518,
        "relative_strength": -14.620845,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -81.978802,
        "energy": 86.391803,
        "activity_lines": [
          3873.653874,
          4078.711888,
          4263.200895,
          4353.22445
        ]
      },
      {
        "date": "2026-04-10",
        "close": 4086.918457,
        "volume": 464381,
        "typical_volume": 274255.95,
        "trend": 4448.083594,
        "fair_value": 4451.563977,
        "relative_strength": -10.788157,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.993606,
        "energy": 74.575713,
        "activity_lines": [
          3913.212272,
          4050.283487,
          4238.233027,
          4328.092678
        ]
      },
      {
        "date": "2026-04-17",
        "close": 4326.421387,
        "volume": 636966,
        "typical_volume": 296156.8,
        "trend": 4428.196566,
        "fair_value": 4459.19432,
        "relative_strength": -6.637662,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.787995,
        "energy": 42.394668,
        "activity_lines": [
          4043.377409,
          4075.098535,
          4237.94399,
          4320.243503
        ]
      },
      {
        "date": "2026-04-24",
        "close": 4269.399902,
        "volume": 471304,
        "typical_volume": 300074.3,
        "trend": 4418.43221,
        "fair_value": 4464.412274,
        "relative_strength": -6.049251,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -40.138195,
        "energy": 24.881366,
        "activity_lines": [
          4141.105729,
          4096.527903,
          4232.489651,
          4309.998557
        ]
      },
      {
        "date": "2026-05-01",
        "close": 4288.700195,
        "volume": 197884,
        "typical_volume": 296145.3,
        "trend": 4409.689697,
        "fair_value": 4470.271563,
        "relative_strength": -5.91761,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -30.060059,
        "energy": 24.706055,
        "activity_lines": [
          4224.82845,
          4123.867409,
          4229.531038,
          4301.62875
        ]
      },
      {
        "date": "2026-05-08",
        "close": 4162.299805,
        "volume": 497893,
        "typical_volume": 304748.35,
        "trend": 4394.258708,
        "fair_value": 4474.817136,
        "relative_strength": -9.109106,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -27.009796,
        "energy": 24.078939,
        "activity_lines": [
          4234.284049,
          4132.504865,
          4215.33255,
          4285.668112
        ]
      },
      {
        "date": "2026-05-15",
        "close": 4137.600098,
        "volume": 216878,
        "typical_volume": 306637.95,
        "trend": 4377.013721,
        "fair_value": 4479.458726,
        "relative_strength": -7.400366,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -29.652686,
        "energy": 19.229883,
        "activity_lines": [
          4204.568099,
          4139.796591,
          4199.613925,
          4269.109492
        ]
      },
      {
        "date": "2026-05-22",
        "close": 4085.5,
        "volume": 206543,
        "typical_volume": 301814.8,
        "trend": 4349.866162,
        "fair_value": 4482.823242,
        "relative_strength": -8.581279,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.492656,
        "energy": 19.668164,
        "activity_lines": [
          4154.106673,
          4139.632022,
          4179.320461,
          4250.302155
        ]
      },
      {
        "date": "2026-05-29",
        "close": 3948.399902,
        "volume": 149950,
        "typical_volume": 281116.35,
        "trend": 4318.716537,
        "fair_value": 4484.875747,
        "relative_strength": -10.627622,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.41937,
        "energy": 37.599439,
        "activity_lines": [
          4074.006641,
          4115.257919,
          4147.547036,
          4224.401106
        ]
      },
      {
        "date": "2026-06-05",
        "close": 3878.899902,
        "volume": 28045,
        "typical_volume": 272822.15,
        "trend": 4292.045817,
        "fair_value": 4485.508191,
        "relative_strength": -11.111049,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.258411,
        "energy": 58.32649,
        "activity_lines": [
          3992.139941,
          4078.509535,
          4112.725226,
          4196.025839
        ]
      },
      {
        "date": "2026-06-12",
        "close": 3893.899902,
        "volume": 45625,
        "typical_volume": 262642.1,
        "trend": 4268.655371,
        "fair_value": 4486.517653,
        "relative_strength": -11.296721,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.240499,
        "energy": 64.730474,
        "activity_lines": [
          3942.593261,
          4043.175612,
          4083.258133,
          4170.339006
        ]
      },
      {
        "date": "2026-06-19",
        "close": 4132.0,
        "volume": 61407,
        "typical_volume": 259034.25,
        "trend": 4257.074886,
        "fair_value": 4489.677404,
        "relative_strength": -6.884957,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.582014,
        "energy": 51.80367,
        "activity_lines": [
          3990.306608,
          4047.574893,
          4079.111533,
          4161.52253
        ]
      },
      {
        "date": "2026-06-26",
        "close": 4080.491699,
        "volume": 0,
        "typical_volume": 246591.3,
        "trend": 4247.02002,
        "fair_value": 4491.768588,
        "relative_strength": -7.625454,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.353998,
        "energy": 33.353021,
        "activity_lines": [
          4021.22386,
          4041.789364,
          4072.384517,
          4150.130067
        ]
      },
      {
        "date": "2026-07-03",
        "close": 4007.958984,
        "volume": 61335,
        "typical_volume": 237287.15,
        "trend": 4233.7021,
        "fair_value": 4493.880704,
        "relative_strength": -9.488008,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -42.990849,
        "energy": 24.608408,
        "activity_lines": [
          4028.297428,
          4027.287518,
          4061.7493,
          4134.706774
        ]
      },
      {
        "date": "2026-07-10",
        "close": 4087.974609,
        "volume": 468312,
        "typical_volume": 248832.15,
        "trend": 4221.423454,
        "fair_value": 4496.437915,
        "relative_strength": -6.796097,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.656707,
        "energy": 17.835651,
        "activity_lines": [
          4058.072265,
          4032.087438,
          4060.608408,
          4125.305
        ]
      },
      {
        "date": "2026-07-17",
        "close": 4235.933594,
        "volume": 327765,
        "typical_volume": 256688.4,
        "trend": 4218.052393,
        "fair_value": 4499.541859,
        "relative_strength": -3.323023,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -13.096552,
        "energy": 12.114815,
        "activity_lines": [
          4123.22845,
          4067.438547,
          4075.635593,
          4126.241138
        ]
      },
      {
        "date": "2026-07-24",
        "close": 4337.200195,
        "volume": 774849,
        "typical_volume": 290396.7,
        "trend": 4221.996208,
        "fair_value": 4503.638091,
        "relative_strength": 1.758369,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 7.585374,
        "energy": 17.106359,
        "activity_lines": [
          4199.337923,
          4119.86297,
          4100.780304,
          4133.928093
        ]
      },
      {
        "date": "2026-07-31",
        "close": 4338.0,
        "volume": 214255,
        "typical_volume": 291523.2,
        "trend": 4219.372542,
        "fair_value": 4507.872181,
        "relative_strength": -0.455734,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 25.60824,
        "energy": 35.972046,
        "activity_lines": [
          4262.033984,
          4168.80372,
          4125.578827,
          4141.412209
        ]
      },
      {
        "date": "2026-08-07",
        "close": 4607.0,
        "volume": 335088,
        "typical_volume": 289391.8,
        "trend": 4216.331234,
        "fair_value": 4513.078053,
        "relative_strength": 5.177167,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 53.35205,
        "energy": 65.767082,
        "activity_lines": [
          4397.229492,
          4262.062651,
          4174.982001,
          4166.420432
        ]
      }
    ],
    "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."
    }
  }
}