{
  "ticker": {
    "uuid": "3d6bf2e4-b1dc-4bf2-94bf-507b95b4d0d1",
    "symbol": "HMVL",
    "name": "Hindustan Media Ventures 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": 2,
    "stage_name": "Advancing",
    "phase": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 81.312,
    "architecture_energy": 70.216,
    "architecture_maturity": 39.632,
    "architecture_confidence": 79.737,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 0.69,
        "rotation_up": 78.0,
        "upward_expansion": 90.0,
        "deceleration": 56.16,
        "rotation_down": 14.92,
        "downward_expansion": 12.0
      },
      "activity_lines": [
        94.725999,
        91.587272,
        83.402476,
        78.673139
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 98.669998,
    "trend_reference": 74.102332,
    "distance_from_trend": 0.331537,
    "trend_direction": "Improving",
    "fair_value": 85.613846,
    "distance_from_fair_value": 0.1525,
    "fair_value_direction": "Improving",
    "relative_strength": 31.527438,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.366431,
    "excess_performance": 0.41014,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.331537,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.092396,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.1525,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.359443,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.315274,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.419881,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.366431,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.896694,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1473858,
      "relative_activity": 6.852803,
      "balance": 4.896694,
      "dry_up": 2.965914,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.070897,
      "annualized_volatility": 0.376445,
      "from_high_reference": -0.08774,
      "from_low_reference": 0.7875
    },
    "levels": {
      "trend_reference": 74.102332,
      "fair_value_reference": 85.613846,
      "structural_low": 55.200001,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 13,
        "median_return": 0.055476,
        "positive_rate": 0.615385,
        "directional_follow_through": 0.615385,
        "median_excess_return": 0.05458,
        "regime_survival": 0.769231,
        "best_return": 0.199852,
        "worst_return": -0.088542,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.092546,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.048022,
        "regime_survival": 0.5,
        "best_return": 0.334783,
        "worst_return": -0.083622,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.14126,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.040475,
        "regime_survival": 0.333333,
        "best_return": 0.581116,
        "worst_return": -0.144175,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.202116,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.055668,
        "regime_survival": 0.0,
        "best_return": 0.804464,
        "worst_return": -0.400231,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-15",
        "end": "2024-03-15",
        "tenure": "Established",
        "return": 0.026578,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-03-22",
        "end": "2024-06-28",
        "tenure": "Established",
        "return": 0.058383,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-07-05",
        "end": "2024-08-16",
        "tenure": "Developing",
        "return": -0.107873,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-23",
        "end": "2024-12-20",
        "tenure": "Established",
        "return": -0.064603,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-12-27",
        "end": "2025-01-24",
        "tenure": "Developing",
        "return": -0.107604,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-31",
        "end": "2025-05-09",
        "tenure": "Established",
        "return": -0.010117,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-16",
        "end": "2025-10-03",
        "tenure": "Established",
        "return": -0.075442,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-10-10",
        "end": "2025-10-24",
        "tenure": "New",
        "return": -0.02293,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-31",
        "end": "2026-01-16",
        "tenure": "Developing",
        "return": -0.114216,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-01-23",
        "end": "2026-01-30",
        "tenure": "New",
        "return": 0.00155,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-02-06",
        "end": "2026-05-22",
        "tenure": "Established",
        "return": -0.120897,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-29",
        "end": "2026-06-05",
        "tenure": "New",
        "return": 0.182605,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-06-12",
        "end": "2026-06-19",
        "tenure": "New",
        "return": 0.094548,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-06-26",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.156877,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 73.0,
        "volume": 769038,
        "typical_volume": 510809.4,
        "trend": 55.871667,
        "fair_value": 62.685577,
        "relative_strength": 22.525418,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.450346,
        "energy": 55.184231,
        "activity_lines": [
          67.933333,
          65.906364,
          62.887381,
          59.50785
        ]
      },
      {
        "date": "2023-08-25",
        "close": 71.5,
        "volume": 233011,
        "typical_volume": 516907.45,
        "trend": 56.533334,
        "fair_value": 62.789744,
        "relative_strength": 20.159684,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.78724,
        "energy": 64.105927,
        "activity_lines": [
          69.386666,
          67.2,
          64.081191,
          60.516129
        ]
      },
      {
        "date": "2023-09-01",
        "close": 68.900002,
        "volume": 145513,
        "typical_volume": 519005.25,
        "trend": 57.186667,
        "fair_value": 62.899359,
        "relative_strength": 14.679487,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.993362,
        "energy": 65.629092,
        "activity_lines": [
          69.743334,
          67.865455,
          64.902619,
          61.313979
        ]
      },
      {
        "date": "2023-09-08",
        "close": 70.300003,
        "volume": 122965,
        "typical_volume": 518842.65,
        "trend": 57.79,
        "fair_value": 63.011218,
        "relative_strength": 14.570867,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.23901,
        "energy": 67.248274,
        "activity_lines": [
          70.296668,
          68.591819,
          65.740239,
          62.160001
        ]
      },
      {
        "date": "2023-09-15",
        "close": 67.550003,
        "volume": 99780,
        "typical_volume": 513168.6,
        "trend": 58.328334,
        "fair_value": 63.112821,
        "relative_strength": 8.087604,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.708048,
        "energy": 44.359711,
        "activity_lines": [
          69.443336,
          68.677274,
          66.19762,
          62.789678
        ]
      },
      {
        "date": "2023-09-22",
        "close": 69.0,
        "volume": 61141,
        "typical_volume": 501446.65,
        "trend": 58.921667,
        "fair_value": 63.253846,
        "relative_strength": 13.1866,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 54.596144,
        "energy": 37.298015,
        "activity_lines": [
          69.026668,
          68.92091,
          66.701906,
          63.478173
        ]
      },
      {
        "date": "2023-09-29",
        "close": 68.900002,
        "volume": 120036,
        "typical_volume": 494343.1,
        "trend": 59.501667,
        "fair_value": 63.379808,
        "relative_strength": 13.070396,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 42.549147,
        "energy": 30.390468,
        "activity_lines": [
          68.843335,
          69.03091,
          67.122382,
          64.121936
        ]
      },
      {
        "date": "2023-10-06",
        "close": 73.199997,
        "volume": 167818,
        "typical_volume": 413052.25,
        "trend": 60.191667,
        "fair_value": 63.542949,
        "relative_strength": 19.768807,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 64.898427,
        "energy": 39.721836,
        "activity_lines": [
          70.266667,
          69.907273,
          67.882143,
          65.005699
        ]
      },
      {
        "date": "2023-10-13",
        "close": 81.050003,
        "volume": 1195728,
        "typical_volume": 417817.5,
        "trend": 61.263334,
        "fair_value": 63.765385,
        "relative_strength": 31.316552,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 80.33566,
        "energy": 56.499596,
        "activity_lines": [
          74.020001,
          72.059092,
          69.302144,
          66.351399
        ]
      },
      {
        "date": "2023-10-20",
        "close": 86.400002,
        "volume": 1101600,
        "typical_volume": 390843.9,
        "trend": 62.598334,
        "fair_value": 64.003846,
        "relative_strength": 40.315151,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 85.239426,
        "energy": 84.254419,
        "activity_lines": [
          78.840001,
          74.854547,
          71.150239,
          67.973119
        ]
      },
      {
        "date": "2023-10-27",
        "close": 79.900002,
        "volume": 1081027,
        "typical_volume": 410512.1,
        "trend": 63.866667,
        "fair_value": 64.19359,
        "relative_strength": 32.09762,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.764334,
        "energy": 76.1864,
        "activity_lines": [
          80.236668,
          76.112729,
          72.27643,
          69.089356
        ]
      },
      {
        "date": "2023-11-03",
        "close": 75.949997,
        "volume": 1262533,
        "typical_volume": 452560.5,
        "trend": 64.888334,
        "fair_value": 64.359936,
        "relative_strength": 23.525457,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.906488,
        "energy": 64.924779,
        "activity_lines": [
          79.59,
          76.527273,
          72.935715,
          69.868925
        ]
      },
      {
        "date": "2023-11-10",
        "close": 80.800003,
        "volume": 1124223,
        "typical_volume": 493710.15,
        "trend": 66.105001,
        "fair_value": 64.554808,
        "relative_strength": 29.241321,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.31268,
        "energy": 50.426257,
        "activity_lines": [
          80.090001,
          77.742728,
          73.995001,
          70.895485
        ]
      },
      {
        "date": "2023-11-17",
        "close": 78.75,
        "volume": 381643,
        "typical_volume": 485994.05,
        "trend": 67.215001,
        "fair_value": 64.711859,
        "relative_strength": 23.221119,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.480341,
        "energy": 41.032587,
        "activity_lines": [
          79.400001,
          78.369092,
          74.751668,
          71.711291
        ]
      },
      {
        "date": "2023-11-24",
        "close": 78.449997,
        "volume": 386710,
        "typical_volume": 493287.6,
        "trend": 68.216667,
        "fair_value": 64.849359,
        "relative_strength": 21.654684,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 43.723468,
        "energy": 31.640681,
        "activity_lines": [
          78.763333,
          78.787273,
          75.40262,
          72.43613
        ]
      },
      {
        "date": "2023-12-01",
        "close": 79.900002,
        "volume": 532898,
        "typical_volume": 512086.4,
        "trend": 69.100001,
        "fair_value": 65.010898,
        "relative_strength": 20.413397,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 45.942077,
        "energy": 32.98799,
        "activity_lines": [
          79.14,
          79.270909,
          76.112143,
          73.189893
        ]
      },
      {
        "date": "2023-12-08",
        "close": 83.050003,
        "volume": 1080069,
        "typical_volume": 544268.4,
        "trend": 70.063334,
        "fair_value": 65.177564,
        "relative_strength": 20.331312,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 62.160277,
        "energy": 38.716044,
        "activity_lines": [
          80.566668,
          80.129092,
          77.039525,
          74.089893
        ]
      },
      {
        "date": "2023-12-15",
        "close": 90.300003,
        "volume": 2469983,
        "typical_volume": 641430.8,
        "trend": 71.245001,
        "fair_value": 65.385257,
        "relative_strength": 27.099139,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.03175,
        "energy": 50.050553,
        "activity_lines": [
          83.936668,
          82.048183,
          78.585953,
          75.395485
        ]
      },
      {
        "date": "2023-12-22",
        "close": 92.099998,
        "volume": 1948445,
        "typical_volume": 726169.75,
        "trend": 72.183334,
        "fair_value": 65.613462,
        "relative_strength": 29.239876,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.281262,
        "energy": 67.614452,
        "activity_lines": [
          87.273334,
          83.983637,
          80.18262,
          76.740968
        ]
      },
      {
        "date": "2023-12-29",
        "close": 90.849998,
        "volume": 1137087,
        "typical_volume": 771062.4,
        "trend": 73.051667,
        "fair_value": 65.827885,
        "relative_strength": 24.441345,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.542286,
        "energy": 69.372132,
        "activity_lines": [
          89.303333,
          85.490909,
          81.521429,
          77.945269
        ]
      },
      {
        "date": "2024-01-05",
        "close": 97.550003,
        "volume": 2015588,
        "typical_volume": 833389.9,
        "trend": 74.275001,
        "fair_value": 66.073718,
        "relative_strength": 32.724641,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.712785,
        "energy": 76.784697,
        "activity_lines": [
          92.740001,
          88.135455,
          83.384048,
          79.525807
        ]
      },
      {
        "date": "2024-01-12",
        "close": 102.150002,
        "volume": 3142688,
        "typical_volume": 978873.75,
        "trend": 75.581667,
        "fair_value": 66.360577,
        "relative_strength": 36.55643,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.62324,
        "energy": 80.948114,
        "activity_lines": [
          96.533334,
          91.295455,
          85.567858,
          81.324194
        ]
      },
      {
        "date": "2024-01-19",
        "close": 104.650002,
        "volume": 1782542,
        "typical_volume": 1060725.2,
        "trend": 77.128334,
        "fair_value": 66.679167,
        "relative_strength": 40.266568,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.941199,
        "energy": 80.897521,
        "activity_lines": [
          99.886668,
          94.433638,
          87.84381,
          83.199571
        ]
      },
      {
        "date": "2024-01-26",
        "close": 100.900002,
        "volume": 497680,
        "typical_volume": 1079460.95,
        "trend": 78.406668,
        "fair_value": 66.980128,
        "relative_strength": 35.595264,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.020792,
        "energy": 76.369859,
        "activity_lines": [
          101.033335,
          96.456365,
          89.592382,
          84.733227
        ]
      },
      {
        "date": "2024-02-02",
        "close": 100.650002,
        "volume": 844906,
        "typical_volume": 1116717.25,
        "trend": 79.703334,
        "fair_value": 67.269872,
        "relative_strength": 30.825752,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.432817,
        "energy": 72.520064,
        "activity_lines": [
          101.510002,
          98.030911,
          91.17143,
          86.168281
        ]
      },
      {
        "date": "2024-02-09",
        "close": 105.849998,
        "volume": 3085948,
        "typical_volume": 1267957.6,
        "trend": 81.143334,
        "fair_value": 67.602244,
        "relative_strength": 36.590497,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.345067,
        "energy": 57.927285,
        "activity_lines": [
          103.066667,
          100.147274,
          93.088096,
          87.855162
        ]
      },
      {
        "date": "2024-02-16",
        "close": 107.5,
        "volume": 1336353,
        "typical_volume": 1328773.45,
        "trend": 82.458334,
        "fair_value": 67.918911,
        "relative_strength": 35.619001,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.561481,
        "energy": 53.67975,
        "activity_lines": [
          104.62,
          102.091819,
          94.986429,
          89.555592
        ]
      },
      {
        "date": "2024-02-23",
        "close": 122.449997,
        "volume": 5030932,
        "typical_volume": 1571929.15,
        "trend": 84.378334,
        "fair_value": 68.288462,
        "relative_strength": 51.196461,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.248553,
        "energy": 61.997508,
        "activity_lines": [
          110.799999,
          106.31,
          98.124762,
          92.135699
        ]
      },
      {
        "date": "2024-03-01",
        "close": 110.75,
        "volume": 1141013,
        "typical_volume": 1569193.4,
        "trend": 85.971667,
        "fair_value": 68.569231,
        "relative_strength": 34.537126,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.01494,
        "energy": 52.539744,
        "activity_lines": [
          111.893332,
          107.816364,
          99.914286,
          93.837097
        ]
      },
      {
        "date": "2024-03-08",
        "close": 104.550003,
        "volume": 562946,
        "typical_volume": 1542260.7,
        "trend": 87.228334,
        "fair_value": 68.783334,
        "relative_strength": 25.065627,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.913408,
        "energy": 46.971357,
        "activity_lines": [
          110.263334,
          107.856364,
          100.971905,
          95.0357
        ]
      },
      {
        "date": "2024-03-15",
        "close": 92.699997,
        "volume": 842006,
        "typical_volume": 1530309.65,
        "trend": 87.885001,
        "fair_value": 68.964744,
        "relative_strength": 12.472431,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 36.964854,
        "energy": 28.028486,
        "activity_lines": [
          104.423333,
          105.492727,
          100.814524,
          95.38871
        ]
      },
      {
        "date": "2024-03-22",
        "close": 92.150002,
        "volume": 378284,
        "typical_volume": 1486097.2,
        "trend": 88.573334,
        "fair_value": 69.175962,
        "relative_strength": 10.618054,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 22.252479,
        "energy": 17.997103,
        "activity_lines": [
          99.276667,
          103.117273,
          100.54381,
          95.663871
        ]
      },
      {
        "date": "2024-03-29",
        "close": 107.400002,
        "volume": 2997696,
        "typical_volume": 1579770.85,
        "trend": 89.856667,
        "fair_value": 69.458334,
        "relative_strength": 26.052448,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.536506,
        "energy": 21.282979,
        "activity_lines": [
          100.236668,
          103.696364,
          101.648334,
          96.878495
        ]
      },
      {
        "date": "2024-04-05",
        "close": 110.349998,
        "volume": 808879,
        "typical_volume": 1601132.65,
        "trend": 91.191667,
        "fair_value": 69.76218,
        "relative_strength": 26.951183,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.04533,
        "energy": 20.367951,
        "activity_lines": [
          103.183333,
          104.761818,
          102.907143,
          98.200646
        ]
      },
      {
        "date": "2024-04-12",
        "close": 104.199997,
        "volume": 373954,
        "typical_volume": 1600494.85,
        "trend": 92.413334,
        "fair_value": 70.050641,
        "relative_strength": 18.580318,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.152249,
        "energy": 17.373997,
        "activity_lines": [
          104.106666,
          104.537272,
          103.429762,
          99.039893
        ]
      },
      {
        "date": "2024-04-19",
        "close": 111.900002,
        "volume": 1002505,
        "typical_volume": 1623975.2,
        "trend": 93.843334,
        "fair_value": 70.395834,
        "relative_strength": 27.924664,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 53.8589,
        "energy": 32.842602,
        "activity_lines": [
          107.62,
          105.648182,
          104.563095,
          100.297097
        ]
      },
      {
        "date": "2024-04-26",
        "close": 109.800003,
        "volume": 471896,
        "typical_volume": 1593566.55,
        "trend": 95.206667,
        "fair_value": 70.708975,
        "relative_strength": 22.670867,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 50.855939,
        "energy": 35.438575,
        "activity_lines": [
          109.153334,
          106.267273,
          105.344048,
          101.32656
        ]
      },
      {
        "date": "2024-05-03",
        "close": 108.300003,
        "volume": 378894,
        "typical_volume": 1489012.1,
        "trend": 96.376667,
        "fair_value": 70.995193,
        "relative_strength": 19.620541,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 49.400628,
        "energy": 29.356795,
        "activity_lines": [
          109.010002,
          106.571819,
          105.854763,
          102.171291
        ]
      },
      {
        "date": "2024-05-10",
        "close": 106.0,
        "volume": 1205707,
        "typical_volume": 1451875.2,
        "trend": 97.208334,
        "fair_value": 71.267628,
        "relative_strength": 18.26887,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 46.671878,
        "energy": 25.918402,
        "activity_lines": [
          108.040001,
          106.715455,
          106.060715,
          102.792151
        ]
      },
      {
        "date": "2024-05-17",
        "close": 102.900002,
        "volume": 279144,
        "typical_volume": 1408978.05,
        "trend": 97.758334,
        "fair_value": 71.474359,
        "relative_strength": 11.880529,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.194694,
        "energy": 14.961358,
        "activity_lines": [
          106.326668,
          106.381819,
          105.905239,
          103.159355
        ]
      },
      {
        "date": "2024-05-24",
        "close": 100.25,
        "volume": 216127,
        "typical_volume": 1319005.0,
        "trend": 98.436667,
        "fair_value": 71.523077,
        "relative_strength": 6.213991,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 20.49769,
        "energy": 11.122966,
        "activity_lines": [
          103.816668,
          105.596365,
          105.440001,
          103.320108
        ]
      },
      {
        "date": "2024-05-31",
        "close": 93.199997,
        "volume": 230254,
        "typical_volume": 1173383.3,
        "trend": 99.011667,
        "fair_value": 71.548398,
        "relative_strength": 0.312902,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -3.652078,
        "energy": 12.446712,
        "activity_lines": [
          99.733333,
          103.391818,
          104.290476,
          102.982258
        ]
      },
      {
        "date": "2024-06-07",
        "close": 96.199997,
        "volume": 267880,
        "typical_volume": 1097650.2,
        "trend": 99.525,
        "fair_value": 71.536539,
        "relative_strength": -0.231127,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -18.338815,
        "energy": 25.686524,
        "activity_lines": [
          97.756665,
          101.713636,
          103.469286,
          102.80086
        ]
      },
      {
        "date": "2024-06-14",
        "close": 102.480003,
        "volume": 531936,
        "typical_volume": 1099363.0,
        "trend": 100.316,
        "fair_value": 71.613013,
        "relative_strength": 4.988086,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -14.516142,
        "energy": 24.705282,
        "activity_lines": [
          98.68,
          101.380909,
          103.286429,
          102.991506
        ]
      },
      {
        "date": "2024-06-21",
        "close": 105.110001,
        "volume": 391864,
        "typical_volume": 1076710.9,
        "trend": 101.204667,
        "fair_value": 71.719487,
        "relative_strength": 6.852009,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -6.405812,
        "energy": 12.036239,
        "activity_lines": [
          100.714667,
          101.669455,
          103.346524,
          103.300796
        ]
      },
      {
        "date": "2024-06-28",
        "close": 97.529999,
        "volume": 421349,
        "typical_volume": 943480.95,
        "trend": 101.792334,
        "fair_value": 71.835385,
        "relative_strength": -3.313866,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -25.368871,
        "energy": 14.73918,
        "activity_lines": [
          100.075333,
          100.563273,
          102.663476,
          103.063721
        ]
      },
      {
        "date": "2024-07-05",
        "close": 103.269997,
        "volume": 513960,
        "typical_volume": 902361.3,
        "trend": 102.466334,
        "fair_value": 71.941603,
        "relative_strength": 0.573991,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -3.30132,
        "energy": 5.005703,
        "activity_lines": [
          101.530666,
          100.761999,
          102.566714,
          103.159054
        ]
      },
      {
        "date": "2024-07-12",
        "close": 97.190002,
        "volume": 448280,
        "typical_volume": 673228.7,
        "trend": 102.696,
        "fair_value": 71.970064,
        "relative_strength": -6.362116,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -12.627593,
        "energy": 8.024551,
        "activity_lines": [
          100.288,
          99.974,
          101.911048,
          102.818645
        ]
      },
      {
        "date": "2024-07-19",
        "close": 96.139999,
        "volume": 368530,
        "typical_volume": 634604.55,
        "trend": 102.830667,
        "fair_value": 72.015192,
        "relative_strength": -7.68041,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -52.718618,
        "energy": 36.629988,
        "activity_lines": [
          98.629333,
          99.197091,
          101.275667,
          102.395677
        ]
      },
      {
        "date": "2024-07-26",
        "close": 100.830002,
        "volume": 848327,
        "typical_volume": 648873.6,
        "trend": 103.163334,
        "fair_value": 72.102885,
        "relative_strength": -4.689529,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -43.821203,
        "energy": 24.301383,
        "activity_lines": [
          98.956667,
          99.452182,
          101.156524,
          102.266602
        ]
      },
      {
        "date": "2024-08-02",
        "close": 100.639999,
        "volume": 1087096,
        "typical_volume": 661128.1,
        "trend": 103.266334,
        "fair_value": 72.232949,
        "relative_strength": -4.781996,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -44.470618,
        "energy": 23.881545,
        "activity_lines": [
          99.506,
          99.710364,
          101.037,
          102.103807
        ]
      },
      {
        "date": "2024-08-09",
        "close": 95.900002,
        "volume": 571299,
        "typical_volume": 670778.85,
        "trend": 103.058,
        "fair_value": 72.336475,
        "relative_strength": -8.166962,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -51.827145,
        "energy": 29.792876,
        "activity_lines": [
          98.268001,
          99.099637,
          100.428238,
          101.628559
        ]
      },
      {
        "date": "2024-08-16",
        "close": 92.129997,
        "volume": 218866,
        "typical_volume": 531837.35,
        "trend": 102.640667,
        "fair_value": 72.448526,
        "relative_strength": -12.391006,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -60.867723,
        "energy": 35.799218,
        "activity_lines": [
          96.264666,
          97.754363,
          99.442571,
          100.923527
        ]
      },
      {
        "date": "2024-08-23",
        "close": 96.589996,
        "volume": 362479,
        "typical_volume": 509517.35,
        "trend": 102.497,
        "fair_value": 72.576026,
        "relative_strength": -9.266568,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -49.165109,
        "energy": 34.126688,
        "activity_lines": [
          96.085332,
          97.293999,
          98.95438,
          100.533161
        ]
      },
      {
        "date": "2024-08-30",
        "close": 94.589996,
        "volume": 338902,
        "typical_volume": 507764.75,
        "trend": 102.295,
        "fair_value": 72.691987,
        "relative_strength": -12.678122,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.886941,
        "energy": 44.198538,
        "activity_lines": [
          95.209331,
          96.577089,
          98.341237,
          100.023032
        ]
      },
      {
        "date": "2024-09-06",
        "close": 90.470001,
        "volume": 277337,
        "typical_volume": 471506.35,
        "trend": 101.782333,
        "fair_value": 72.786346,
        "relative_strength": -15.227381,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.98543,
        "energy": 52.391226,
        "activity_lines": [
          93.375998,
          95.302362,
          97.381475,
          99.260129
        ]
      },
      {
        "date": "2024-09-13",
        "close": 91.559998,
        "volume": 513182,
        "typical_volume": 473570.65,
        "trend": 101.251,
        "fair_value": 72.881603,
        "relative_strength": -16.01239,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.734876,
        "energy": 49.369607,
        "activity_lines": [
          92.583998,
          94.35418,
          96.627571,
          98.600623
        ]
      },
      {
        "date": "2024-09-20",
        "close": 89.220001,
        "volume": 310916,
        "typical_volume": 470171.75,
        "trend": 100.143333,
        "fair_value": 72.968269,
        "relative_strength": -19.520279,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.144514,
        "energy": 55.482873,
        "activity_lines": [
          91.301333,
          93.193453,
          95.737666,
          97.82443
        ]
      },
      {
        "date": "2024-09-27",
        "close": 97.589996,
        "volume": 2612058,
        "typical_volume": 540489.3,
        "trend": 99.704666,
        "fair_value": 73.114359,
        "relative_strength": -13.359957,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.254928,
        "energy": 32.361703,
        "activity_lines": [
          93.002665,
          93.699453,
          95.735761,
          97.659698
        ]
      },
      {
        "date": "2024-10-04",
        "close": 91.389999,
        "volume": 821311,
        "typical_volume": 567597.65,
        "trend": 99.266,
        "fair_value": 73.190898,
        "relative_strength": -15.060707,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.483865,
        "energy": 30.40716,
        "activity_lines": [
          92.570665,
          93.051817,
          95.183427,
          97.123268
        ]
      },
      {
        "date": "2024-10-11",
        "close": 94.099998,
        "volume": 586934,
        "typical_volume": 586138.0,
        "trend": 99.312666,
        "fair_value": 73.293462,
        "relative_strength": -12.234466,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -39.078881,
        "energy": 20.663439,
        "activity_lines": [
          93.255332,
          93.068544,
          94.943999,
          96.789978
        ]
      },
      {
        "date": "2024-10-18",
        "close": 90.239998,
        "volume": 699325,
        "typical_volume": 609591.55,
        "trend": 99.249,
        "fair_value": 73.38891,
        "relative_strength": -15.161229,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.256321,
        "energy": 24.3703,
        "activity_lines": [
          92.411331,
          92.502362,
          94.366237,
          96.204644
        ]
      },
      {
        "date": "2024-10-25",
        "close": 85.110001,
        "volume": 503476,
        "typical_volume": 621371.35,
        "trend": 98.505999,
        "fair_value": 73.430962,
        "relative_strength": -17.506096,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.76343,
        "energy": 38.111162,
        "activity_lines": [
          89.945332,
          91.106362,
          93.313999,
          95.292451
        ]
      },
      {
        "date": "2024-11-01",
        "close": 91.019997,
        "volume": 912540,
        "typical_volume": 640401.55,
        "trend": 97.861666,
        "fair_value": 73.524359,
        "relative_strength": -12.145281,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.72105,
        "energy": 29.548736,
        "activity_lines": [
          89.723332,
          90.912544,
          92.877427,
          94.809483
        ]
      },
      {
        "date": "2024-11-08",
        "close": 90.129997,
        "volume": 351412,
        "typical_volume": 638378.95,
        "trend": 97.392666,
        "fair_value": 73.607244,
        "relative_strength": -12.272737,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.922195,
        "energy": 34.22248,
        "activity_lines": [
          89.642665,
          90.65818,
          92.410665,
          94.310665
        ]
      },
      {
        "date": "2024-11-15",
        "close": 87.519997,
        "volume": 155191,
        "typical_volume": 625071.05,
        "trend": 96.579999,
        "fair_value": 73.694231,
        "relative_strength": -12.477506,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.289614,
        "energy": 36.303276,
        "activity_lines": [
          88.775998,
          90.010362,
          91.766665,
          93.673719
        ]
      },
      {
        "date": "2024-11-22",
        "close": 89.669998,
        "volume": 174939,
        "typical_volume": 608120.0,
        "trend": 95.908999,
        "fair_value": 73.821923,
        "relative_strength": -11.647385,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.670688,
        "energy": 25.582555,
        "activity_lines": [
          89.064664,
          89.807089,
          91.375093,
          93.227913
        ]
      },
      {
        "date": "2024-11-29",
        "close": 89.099998,
        "volume": 258142,
        "typical_volume": 598613.1,
        "trend": 95.268999,
        "fair_value": 73.950449,
        "relative_strength": -12.924836,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.189798,
        "energy": 24.5467,
        "activity_lines": [
          89.201331,
          89.534543,
          90.993998,
          92.788622
        ]
      },
      {
        "date": "2024-12-06",
        "close": 92.779999,
        "volume": 338286,
        "typical_volume": 597100.9,
        "trend": 94.828332,
        "fair_value": 74.0875,
        "relative_strength": -11.256315,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.378438,
        "energy": 16.404615,
        "activity_lines": [
          90.298665,
          89.933271,
          91.001903,
          92.628042
        ]
      },
      {
        "date": "2024-12-13",
        "close": 93.389999,
        "volume": 345820,
        "typical_volume": 571975.55,
        "trend": 94.511332,
        "fair_value": 74.234872,
        "relative_strength": -10.821962,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -25.81196,
        "energy": 12.009159,
        "activity_lines": [
          91.481999,
          90.530362,
          91.083903,
          92.535246
        ]
      },
      {
        "date": "2024-12-20",
        "close": 90.349998,
        "volume": 367826,
        "typical_volume": 536012.05,
        "trend": 94.181332,
        "fair_value": 74.373013,
        "relative_strength": -9.206211,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -29.301175,
        "energy": 13.142858,
        "activity_lines": [
          91.434665,
          90.538362,
          90.911808,
          92.266773
        ]
      },
      {
        "date": "2024-12-27",
        "close": 92.839996,
        "volume": 188075,
        "typical_volume": 516850.85,
        "trend": 94.169332,
        "fair_value": 74.507885,
        "relative_strength": -7.470095,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -13.429213,
        "energy": 9.069599,
        "activity_lines": [
          92.028664,
          91.067271,
          91.025855,
          92.180235
        ]
      },
      {
        "date": "2025-01-03",
        "close": 93.650002,
        "volume": 184074,
        "typical_volume": 515111.25,
        "trend": 94.084332,
        "fair_value": 74.632564,
        "relative_strength": -7.156017,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -9.675919,
        "energy": 8.506069,
        "activity_lines": [
          92.681332,
          91.69618,
          91.231617,
          92.14673
        ]
      },
      {
        "date": "2025-01-10",
        "close": 84.760002,
        "volume": 237970,
        "typical_volume": 508885.8,
        "trend": 93.493665,
        "fair_value": 74.663718,
        "relative_strength": -13.498746,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -50.837292,
        "energy": 22.083443,
        "activity_lines": [
          90.067333,
          90.553454,
          90.583475,
          91.54516
        ]
      },
      {
        "date": "2025-01-17",
        "close": 88.910004,
        "volume": 190073,
        "typical_volume": 501444.35,
        "trend": 92.953666,
        "fair_value": 74.761218,
        "relative_strength": -7.943959,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -41.350138,
        "energy": 22.525548,
        "activity_lines": [
          89.371335,
          90.279091,
          90.386904,
          91.24944
        ]
      },
      {
        "date": "2025-01-24",
        "close": 82.849998,
        "volume": 125226,
        "typical_volume": 493838.8,
        "trend": 92.464332,
        "fair_value": 74.798077,
        "relative_strength": -13.350639,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -59.924042,
        "energy": 46.716938,
        "activity_lines": [
          86.954001,
          88.925091,
          89.640237,
          90.59759
        ]
      },
      {
        "date": "2025-01-31",
        "close": 81.050003,
        "volume": 181173,
        "typical_volume": 477238.35,
        "trend": 91.723666,
        "fair_value": 74.813141,
        "relative_strength": -16.283709,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.137093,
        "energy": 62.503997,
        "activity_lines": [
          84.436668,
          87.328728,
          88.758428,
          89.861182
        ]
      },
      {
        "date": "2025-02-07",
        "close": 85.139999,
        "volume": 789090,
        "typical_volume": 501147.05,
        "trend": 91.321999,
        "fair_value": 74.861154,
        "relative_strength": -11.738193,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.558232,
        "energy": 53.716767,
        "activity_lines": [
          84.068667,
          86.632728,
          88.31619,
          89.436429
        ]
      },
      {
        "date": "2025-02-14",
        "close": 80.150002,
        "volume": 237180,
        "typical_volume": 382403.15,
        "trend": 90.788999,
        "fair_value": 74.933269,
        "relative_strength": -14.067974,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.594592,
        "energy": 61.0856,
        "activity_lines": [
          82.604668,
          85.101455,
          87.418143,
          88.715655
        ]
      },
      {
        "date": "2025-02-21",
        "close": 86.779999,
        "volume": 244868,
        "typical_volume": 353581.0,
        "trend": 90.320666,
        "fair_value": 75.0825,
        "relative_strength": -5.654606,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.106051,
        "energy": 38.40086,
        "activity_lines": [
          83.658,
          85.005273,
          87.234571,
          88.45701
        ]
      },
      {
        "date": "2025-02-28",
        "close": 82.339996,
        "volume": 91915,
        "typical_volume": 328830.05,
        "trend": 89.710666,
        "fair_value": 75.202628,
        "relative_strength": -7.219347,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.551049,
        "energy": 30.985959,
        "activity_lines": [
          83.373332,
          84.222,
          86.650095,
          87.942128
        ]
      },
      {
        "date": "2025-03-07",
        "close": 84.57,
        "volume": 195911,
        "typical_volume": 303659.35,
        "trend": 89.332999,
        "fair_value": 75.332885,
        "relative_strength": -6.109955,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -48.590506,
        "energy": 26.402822,
        "activity_lines": [
          83.865999,
          83.989818,
          86.334,
          87.610472
        ]
      },
      {
        "date": "2025-03-14",
        "close": 84.650002,
        "volume": 598598,
        "typical_volume": 308415.45,
        "trend": 89.083666,
        "fair_value": 75.44891,
        "relative_strength": -5.173306,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -35.573955,
        "energy": 17.656413,
        "activity_lines": [
          84.150667,
          83.922546,
          86.052524,
          87.308344
        ]
      },
      {
        "date": "2025-03-21",
        "close": 85.57,
        "volume": 355872,
        "typical_volume": 280582.05,
        "trend": 88.716332,
        "fair_value": 75.588141,
        "relative_strength": -7.830868,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -34.496735,
        "energy": 16.909867,
        "activity_lines": [
          84.774667,
          84.186182,
          85.860857,
          87.081655
        ]
      },
      {
        "date": "2025-03-28",
        "close": 82.07,
        "volume": 434950,
        "typical_volume": 284758.95,
        "trend": 88.298999,
        "fair_value": 75.690833,
        "relative_strength": -11.671486,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -38.937004,
        "energy": 18.223185,
        "activity_lines": [
          83.870667,
          83.798727,
          85.36181,
          86.65286
        ]
      },
      {
        "date": "2025-04-04",
        "close": 81.900002,
        "volume": 90148,
        "typical_volume": 281506.8,
        "trend": 88.013333,
        "fair_value": 75.758462,
        "relative_strength": -8.90015,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -48.856529,
        "energy": 22.975894,
        "activity_lines": [
          83.224001,
          83.504728,
          84.884953,
          86.240021
        ]
      },
      {
        "date": "2025-04-11",
        "close": 79.18,
        "volume": 141727,
        "typical_volume": 279846.2,
        "trend": 87.600666,
        "fair_value": 75.815385,
        "relative_strength": -11.12836,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.283692,
        "energy": 31.134843,
        "activity_lines": [
          81.700001,
          82.733455,
          84.17581,
          85.670129
        ]
      },
      {
        "date": "2025-04-18",
        "close": 82.660004,
        "volume": 84585,
        "typical_volume": 271168.35,
        "trend": 87.381999,
        "fair_value": 75.892372,
        "relative_strength": -10.502164,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.964949,
        "energy": 30.841739,
        "activity_lines": [
          81.695335,
          82.62891,
          83.848048,
          85.351376
        ]
      },
      {
        "date": "2025-04-25",
        "close": 86.43,
        "volume": 296618,
        "typical_volume": 269084.95,
        "trend": 87.01,
        "fair_value": 75.991923,
        "relative_strength": -6.546664,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.09775,
        "energy": 19.605499,
        "activity_lines": [
          83.080001,
          83.25491,
          83.910001,
          85.289957
        ]
      },
      {
        "date": "2025-05-02",
        "close": 83.940002,
        "volume": 132900,
        "typical_volume": 258438.95,
        "trend": 86.761666,
        "fair_value": 76.114615,
        "relative_strength": -9.766461,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.45678,
        "energy": 14.841953,
        "activity_lines": [
          83.577335,
          83.314001,
          83.765048,
          85.091893
        ]
      },
      {
        "date": "2025-05-09",
        "close": 80.230003,
        "volume": 106623,
        "typical_volume": 245378.8,
        "trend": 86.299333,
        "fair_value": 76.239167,
        "relative_strength": -11.888506,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -48.767594,
        "energy": 19.881758,
        "activity_lines": [
          82.713335,
          82.750183,
          83.311763,
          84.670495
        ]
      },
      {
        "date": "2025-05-16",
        "close": 88.809998,
        "volume": 181876,
        "typical_volume": 245068.85,
        "trend": 86.251667,
        "fair_value": 76.408782,
        "relative_strength": -5.918276,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -5.404295,
        "energy": 6.327574,
        "activity_lines": [
          84.820667,
          83.784728,
          83.72381,
          84.832474
        ]
      },
      {
        "date": "2025-05-23",
        "close": 92.279999,
        "volume": 1553229,
        "typical_volume": 313526.6,
        "trend": 86.490666,
        "fair_value": 76.627244,
        "relative_strength": -1.257719,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 21.668957,
        "energy": 21.105627,
        "activity_lines": [
          87.442667,
          85.373092,
          84.485524,
          85.221398
        ]
      },
      {
        "date": "2025-05-30",
        "close": 89.510002,
        "volume": 236581,
        "typical_volume": 313457.15,
        "trend": 86.440333,
        "fair_value": 76.833077,
        "relative_strength": -3.568737,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 15.264845,
        "energy": 25.743466,
        "activity_lines": [
          88.500001,
          86.319092,
          84.989953,
          85.416194
        ]
      },
      {
        "date": "2025-06-06",
        "close": 89.93,
        "volume": 172503,
        "typical_volume": 312578.65,
        "trend": 86.433667,
        "fair_value": 77.040641,
        "relative_strength": -3.830888,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 17.033824,
        "energy": 32.51259,
        "activity_lines": [
          89.492,
          87.269819,
          85.511763,
          85.641334
        ]
      },
      {
        "date": "2025-06-13",
        "close": 87.889999,
        "volume": 170860,
        "typical_volume": 314860.35,
        "trend": 86.446,
        "fair_value": 77.272628,
        "relative_strength": -4.53244,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 24.284192,
        "energy": 36.205967,
        "activity_lines": [
          89.404666,
          87.706728,
          85.834429,
          85.735291
        ]
      },
      {
        "date": "2025-06-20",
        "close": 84.910004,
        "volume": 230431,
        "typical_volume": 317323.25,
        "trend": 86.287334,
        "fair_value": 77.487757,
        "relative_strength": -8.701196,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 17.100808,
        "energy": 12.713492,
        "activity_lines": [
          87.813335,
          87.49291,
          85.849287,
          85.636194
        ]
      },
      {
        "date": "2025-06-27",
        "close": 88.639999,
        "volume": 273182,
        "typical_volume": 291527.85,
        "trend": 86.272,
        "fair_value": 77.72968,
        "relative_strength": -6.349748,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 12.11297,
        "energy": 9.179797,
        "activity_lines": [
          87.725334,
          87.853091,
          86.201001,
          85.787979
        ]
      },
      {
        "date": "2025-07-04",
        "close": 89.169998,
        "volume": 314046,
        "typical_volume": 295371.15,
        "trend": 86.151667,
        "fair_value": 77.967949,
        "relative_strength": -4.766813,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 11.970236,
        "energy": 7.763479,
        "activity_lines": [
          88.056666,
          88.200909,
          86.586524,
          85.974947
        ]
      },
      {
        "date": "2025-07-11",
        "close": 87.949997,
        "volume": 97778,
        "typical_volume": 288016.65,
        "trend": 85.970334,
        "fair_value": 78.193269,
        "relative_strength": -4.673612,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 34.094302,
        "energy": 15.181238,
        "activity_lines": [
          88.003999,
          88.27709,
          86.812905,
          86.090968
        ]
      },
      {
        "date": "2025-07-18",
        "close": 89.68,
        "volume": 183346,
        "typical_volume": 292588.2,
        "trend": 85.948,
        "fair_value": 78.425192,
        "relative_strength": -1.923809,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 48.784796,
        "energy": 26.108431,
        "activity_lines": [
          88.659999,
          88.594909,
          87.198476,
          86.330301
        ]
      },
      {
        "date": "2025-07-25",
        "close": 88.0,
        "volume": 94573,
        "typical_volume": 287521.3,
        "trend": 85.786667,
        "fair_value": 78.638333,
        "relative_strength": -2.988614,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 44.744698,
        "energy": 24.212547,
        "activity_lines": [
          88.636666,
          88.435454,
          87.389095,
          86.462688
        ]
      },
      {
        "date": "2025-08-01",
        "close": 88.919998,
        "volume": 126566,
        "typical_volume": 263919.7,
        "trend": 85.629,
        "fair_value": 78.860577,
        "relative_strength": -0.654052,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 47.519009,
        "energy": 23.332385,
        "activity_lines": [
          88.713999,
          88.457999,
          87.651,
          86.664839
        ]
      },
      {
        "date": "2025-08-08",
        "close": 86.639999,
        "volume": 1182894,
        "typical_volume": 305270.8,
        "trend": 85.691667,
        "fair_value": 79.031346,
        "relative_strength": -2.202779,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 32.227797,
        "energy": 14.439371,
        "activity_lines": [
          88.012666,
          88.12709,
          87.675428,
          86.730064
        ]
      },
      {
        "date": "2025-08-15",
        "close": 85.139999,
        "volume": 63239,
        "typical_volume": 286685.25,
        "trend": 85.566,
        "fair_value": 79.205,
        "relative_strength": -4.791791,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 20.789374,
        "energy": 10.668187,
        "activity_lines": [
          86.979999,
          87.575635,
          87.551904,
          86.694473
        ]
      },
      {
        "date": "2025-08-22",
        "close": 87.980003,
        "volume": 95303,
        "typical_volume": 286943.0,
        "trend": 85.737,
        "fair_value": 79.369936,
        "relative_strength": -2.377795,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 19.779009,
        "energy": 10.2956,
        "activity_lines": [
          87.081334,
          87.627636,
          87.684238,
          86.850215
        ]
      },
      {
        "date": "2025-08-29",
        "close": 85.459999,
        "volume": 33224,
        "typical_volume": 281517.85,
        "trend": 85.884,
        "fair_value": 79.535064,
        "relative_strength": -3.325198,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 9.361527,
        "energy": 9.324078,
        "activity_lines": [
          86.456,
          87.219818,
          87.547619,
          86.832344
        ]
      },
      {
        "date": "2025-09-05",
        "close": 87.43,
        "volume": 51594,
        "typical_volume": 279868.3,
        "trend": 85.960333,
        "fair_value": 79.716987,
        "relative_strength": -2.297205,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 14.19578,
        "energy": 9.278076,
        "activity_lines": [
          86.656667,
          87.160182,
          87.568714,
          86.932086
        ]
      },
      {
        "date": "2025-09-12",
        "close": 84.629997,
        "volume": 100980,
        "typical_volume": 270086.4,
        "trend": 86.109667,
        "fair_value": 79.878718,
        "relative_strength": -6.711262,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -13.443724,
        "energy": 13.197667,
        "activity_lines": [
          86.023332,
          86.613454,
          87.300428,
          86.846258
        ]
      },
      {
        "date": "2025-09-19",
        "close": 84.93,
        "volume": 222982,
        "typical_volume": 274590.5,
        "trend": 86.048,
        "fair_value": 80.05391,
        "relative_strength": -7.115663,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -12.590923,
        "energy": 16.659121,
        "activity_lines": [
          85.623999,
          86.203818,
          87.069285,
          86.77015
        ]
      },
      {
        "date": "2025-09-26",
        "close": 83.540001,
        "volume": 83193,
        "typical_volume": 273419.0,
        "trend": 86.088,
        "fair_value": 80.229808,
        "relative_strength": -5.974288,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -17.542901,
        "energy": 23.099253,
        "activity_lines": [
          84.775333,
          85.596363,
          86.701047,
          86.608344
        ]
      },
      {
        "date": "2025-10-03",
        "close": 82.110001,
        "volume": 268447,
        "typical_volume": 277747.55,
        "trend": 86.006,
        "fair_value": 80.382436,
        "relative_strength": -8.299299,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -34.760654,
        "energy": 39.846034,
        "activity_lines": [
          83.746,
          84.840545,
          86.180857,
          86.351699
        ]
      },
      {
        "date": "2025-10-10",
        "close": 82.860001,
        "volume": 126628,
        "typical_volume": 206417.5,
        "trend": 85.946334,
        "fair_value": 80.548526,
        "relative_strength": -8.652546,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -29.268296,
        "energy": 38.631418,
        "activity_lines": [
          83.190001,
          84.328182,
          85.764,
          86.148731
        ]
      },
      {
        "date": "2025-10-17",
        "close": 80.919998,
        "volume": 110917,
        "typical_volume": 200134.3,
        "trend": 85.791333,
        "fair_value": 80.720769,
        "relative_strength": -12.036281,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -37.347291,
        "energy": 45.979516,
        "activity_lines": [
          82.292,
          83.573273,
          85.207238,
          85.824451
        ]
      },
      {
        "date": "2025-10-24",
        "close": 80.959999,
        "volume": 84661,
        "typical_volume": 195742.2,
        "trend": 85.754333,
        "fair_value": 80.908013,
        "relative_strength": -12.103763,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -61.645999,
        "energy": 53.942689,
        "activity_lines": [
          81.654666,
          82.929636,
          84.69519,
          85.512752
        ]
      },
      {
        "date": "2025-10-31",
        "close": 78.010002,
        "volume": 140397,
        "typical_volume": 194219.05,
        "trend": 85.624667,
        "fair_value": 81.080513,
        "relative_strength": -14.738937,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.838203,
        "energy": 60.811244,
        "activity_lines": [
          80.298667,
          81.825636,
          83.944905,
          85.013118
        ]
      },
      {
        "date": "2025-11-07",
        "close": 78.650002,
        "volume": 183269,
        "typical_volume": 191860.95,
        "trend": 85.607,
        "fair_value": 81.224744,
        "relative_strength": -12.960047,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.975079,
        "energy": 67.631146,
        "activity_lines": [
          79.524667,
          81.019273,
          83.302619,
          84.56314
        ]
      },
      {
        "date": "2025-11-14",
        "close": 71.019997,
        "volume": 3754169,
        "typical_volume": 365910.3,
        "trend": 85.219,
        "fair_value": 81.336731,
        "relative_strength": -22.258672,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -85.959295,
        "energy": 79.457381,
        "activity_lines": [
          76.438,
          78.949454,
          81.963476,
          83.622043
        ]
      },
      {
        "date": "2025-11-21",
        "close": 71.970001,
        "volume": 1880513,
        "typical_volume": 444233.65,
        "trend": 84.737,
        "fair_value": 81.44391,
        "relative_strength": -21.271485,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.218543,
        "energy": 80.136165,
        "activity_lines": [
          74.457333,
          77.350727,
          80.798714,
          82.767269
        ]
      },
      {
        "date": "2025-11-28",
        "close": 66.559998,
        "volume": 327074,
        "typical_volume": 455698.45,
        "trend": 84.157666,
        "fair_value": 81.498782,
        "relative_strength": -27.103514,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -85.889992,
        "energy": 88.207604,
        "activity_lines": [
          71.269999,
          74.998545,
          79.200619,
          81.594559
        ]
      },
      {
        "date": "2025-12-05",
        "close": 64.879997,
        "volume": 93956,
        "typical_volume": 451228.95,
        "trend": 83.646,
        "fair_value": 81.552821,
        "relative_strength": -28.392035,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -83.624212,
        "energy": 91.740189,
        "activity_lines": [
          68.482665,
          72.674908,
          77.54438,
          80.350838
        ]
      },
      {
        "date": "2025-12-12",
        "close": 66.230003,
        "volume": 175664,
        "typical_volume": 455283.5,
        "trend": 82.893333,
        "fair_value": 81.605256,
        "relative_strength": -26.005579,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.015743,
        "energy": 86.680409,
        "activity_lines": [
          67.020666,
          70.936,
          76.134809,
          79.227226
        ]
      },
      {
        "date": "2025-12-19",
        "close": 72.709999,
        "volume": 337224,
        "typical_volume": 465816.4,
        "trend": 82.241,
        "fair_value": 81.737692,
        "relative_strength": -18.041373,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.445296,
        "energy": 63.791655,
        "activity_lines": [
          68.546666,
          70.664,
          75.446047,
          78.570236
        ]
      },
      {
        "date": "2025-12-26",
        "close": 69.790001,
        "volume": 71691,
        "typical_volume": 410256.25,
        "trend": 81.583666,
        "fair_value": 81.829936,
        "relative_strength": -21.020256,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.795182,
        "energy": 51.161538,
        "activity_lines": [
          68.986667,
          70.045636,
          74.556381,
          77.766946
        ]
      },
      {
        "date": "2026-01-02",
        "close": 70.099998,
        "volume": 92880,
        "typical_volume": 411738.3,
        "trend": 80.922666,
        "fair_value": 81.918718,
        "relative_strength": -20.977118,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.20539,
        "energy": 42.098941,
        "activity_lines": [
          69.675333,
          69.686,
          73.776476,
          77.026064
        ]
      },
      {
        "date": "2026-01-09",
        "close": 66.57,
        "volume": 115883,
        "typical_volume": 412767.3,
        "trend": 80.212,
        "fair_value": 81.995449,
        "relative_strength": -22.618212,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.812984,
        "energy": 38.52071,
        "activity_lines": [
          68.951333,
          68.882,
          72.732,
          76.100086
        ]
      },
      {
        "date": "2026-01-16",
        "close": 69.099998,
        "volume": 59990,
        "typical_volume": 414105.6,
        "trend": 79.685,
        "fair_value": 82.082949,
        "relative_strength": -19.181735,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.208542,
        "energy": 35.203431,
        "activity_lines": [
          68.957999,
          68.745999,
          72.030428,
          75.383182
        ]
      },
      {
        "date": "2026-01-23",
        "close": 70.989998,
        "volume": 165096,
        "typical_volume": 419780.7,
        "trend": 79.096666,
        "fair_value": 82.206923,
        "relative_strength": -14.458319,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "down",
        "direction": -41.578091,
        "energy": 30.460855,
        "activity_lines": [
          69.403332,
          69.127272,
          71.586761,
          74.822215
        ]
      },
      {
        "date": "2026-01-30",
        "close": 71.099998,
        "volume": 213508,
        "typical_volume": 425407.1,
        "trend": 78.494333,
        "fair_value": 82.346667,
        "relative_strength": -14.930219,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "down",
        "direction": -38.859678,
        "energy": 26.236958,
        "activity_lines": [
          69.999998,
          69.52909,
          71.231856,
          74.3063
        ]
      },
      {
        "date": "2026-02-06",
        "close": 72.209999,
        "volume": 99730,
        "typical_volume": 419244.5,
        "trend": 77.969666,
        "fair_value": 82.474936,
        "relative_strength": -14.456167,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -34.082981,
        "energy": 18.014927,
        "activity_lines": [
          70.879332,
          70.148544,
          71.047094,
          73.90086
        ]
      },
      {
        "date": "2026-02-13",
        "close": 71.019997,
        "volume": 40232,
        "typical_volume": 417096.45,
        "trend": 77.347666,
        "fair_value": 82.600705,
        "relative_strength": -14.777811,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -31.895168,
        "energy": 17.03239,
        "activity_lines": [
          71.221331,
          70.448908,
          70.80957,
          73.452494
        ]
      },
      {
        "date": "2026-02-20",
        "close": 70.690002,
        "volume": 80404,
        "typical_volume": 407694.3,
        "trend": 76.770666,
        "fair_value": 82.725641,
        "relative_strength": -14.985134,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -29.809283,
        "energy": 14.974032,
        "activity_lines": [
          71.156666,
          70.577635,
          70.600237,
          73.022967
        ]
      },
      {
        "date": "2026-02-27",
        "close": 70.099998,
        "volume": 23654,
        "typical_volume": 402545.6,
        "trend": 76.143333,
        "fair_value": 82.844872,
        "relative_strength": -13.902789,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -24.049832,
        "energy": 13.237084,
        "activity_lines": [
          70.789332,
          70.517999,
          70.389094,
          72.592601
        ]
      },
      {
        "date": "2026-03-06",
        "close": 65.839996,
        "volume": 119000,
        "typical_volume": 402949.75,
        "trend": 75.449999,
        "fair_value": 82.930385,
        "relative_strength": -16.199734,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.239062,
        "energy": 32.086454,
        "activity_lines": [
          69.061331,
          69.731271,
          69.832999,
          71.92787
        ]
      },
      {
        "date": "2026-03-13",
        "close": 61.59,
        "volume": 298974,
        "typical_volume": 413665.4,
        "trend": 74.664999,
        "fair_value": 83.011731,
        "relative_strength": -16.651158,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.528408,
        "energy": 57.052835,
        "activity_lines": [
          66.267332,
          68.243635,
          68.943951,
          71.033677
        ]
      },
      {
        "date": "2026-03-20",
        "close": 63.169998,
        "volume": 232980,
        "typical_volume": 418294.55,
        "trend": 73.837999,
        "fair_value": 83.119551,
        "relative_strength": -13.89426,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.691527,
        "energy": 66.347357,
        "activity_lines": [
          64.707998,
          67.197998,
          68.297618,
          70.292064
        ]
      },
      {
        "date": "2026-03-27",
        "close": 59.91,
        "volume": 141993,
        "typical_volume": 416230.75,
        "trend": 72.986333,
        "fair_value": 83.23532,
        "relative_strength": -16.847217,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.337576,
        "energy": 75.821383,
        "activity_lines": [
          62.585332,
          65.621453,
          67.411475,
          69.393483
        ]
      },
      {
        "date": "2026-04-03",
        "close": 61.52,
        "volume": 113331,
        "typical_volume": 234188.85,
        "trend": 72.122666,
        "fair_value": 83.339295,
        "relative_strength": -13.756707,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.491427,
        "energy": 69.55765,
        "activity_lines": [
          61.717999,
          64.504726,
          66.767904,
          68.65372
        ]
      },
      {
        "date": "2026-04-10",
        "close": 67.449997,
        "volume": 63683,
        "typical_volume": 143347.35,
        "trend": 71.549999,
        "fair_value": 83.487692,
        "relative_strength": -10.33753,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.646332,
        "energy": 40.080623,
        "activity_lines": [
          63.399332,
          64.638362,
          66.734332,
          68.352257
        ]
      },
      {
        "date": "2026-04-17",
        "close": 68.449997,
        "volume": 100151,
        "typical_volume": 132001.2,
        "trend": 71.000666,
        "fair_value": 83.635128,
        "relative_strength": -9.776836,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.269007,
        "energy": 24.643109,
        "activity_lines": [
          65.306665,
          65.02018,
          66.817522,
          68.152257
        ]
      },
      {
        "date": "2026-04-24",
        "close": 65.199997,
        "volume": 83193,
        "typical_volume": 131463.05,
        "trend": 70.389332,
        "fair_value": 83.74282,
        "relative_strength": -11.950943,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.952009,
        "energy": 16.426178,
        "activity_lines": [
          65.673331,
          64.879453,
          66.582189,
          67.77802
        ]
      },
      {
        "date": "2026-05-01",
        "close": 66.019997,
        "volume": 42833,
        "typical_volume": 124821.5,
        "trend": 69.852999,
        "fair_value": 83.823718,
        "relative_strength": -10.828111,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -30.272383,
        "energy": 18.488256,
        "activity_lines": [
          66.177997,
          64.993634,
          66.423427,
          67.496128
        ]
      },
      {
        "date": "2026-05-08",
        "close": 66.540001,
        "volume": 49140,
        "typical_volume": 110417.3,
        "trend": 69.308999,
        "fair_value": 83.903141,
        "relative_strength": -10.460677,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -28.411586,
        "energy": 15.545579,
        "activity_lines": [
          66.448665,
          65.287271,
          66.315189,
          67.282386
        ]
      },
      {
        "date": "2026-05-15",
        "close": 64.0,
        "volume": 31314,
        "typical_volume": 108398.45,
        "trend": 68.744999,
        "fair_value": 83.961795,
        "relative_strength": -11.471701,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.749693,
        "energy": 17.021861,
        "activity_lines": [
          65.537999,
          65.183817,
          65.994427,
          66.93987
        ]
      },
      {
        "date": "2026-05-22",
        "close": 63.48,
        "volume": 147039,
        "typical_volume": 111106.4,
        "trend": 68.162332,
        "fair_value": 83.958782,
        "relative_strength": -11.897151,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.501166,
        "energy": 23.029206,
        "activity_lines": [
          64.684,
          65.019272,
          65.651713,
          66.600192
        ]
      },
      {
        "date": "2026-05-29",
        "close": 68.18,
        "volume": 168015,
        "typical_volume": 113713.0,
        "trend": 67.834666,
        "fair_value": 83.980449,
        "relative_strength": -4.247629,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -24.590546,
        "energy": 11.393901,
        "activity_lines": [
          65.728,
          65.674908,
          65.788142,
          66.601332
        ]
      },
      {
        "date": "2026-06-05",
        "close": 80.629997,
        "volume": 87093,
        "typical_volume": 115068.15,
        "trend": 67.900665,
        "fair_value": 84.107243,
        "relative_strength": 14.220751,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 35.392049,
        "energy": 35.063057,
        "activity_lines": [
          70.723332,
          68.50309,
          67.102618,
          67.426837
        ]
      },
      {
        "date": "2026-06-12",
        "close": 78.690002,
        "volume": 200697,
        "typical_volume": 116848.2,
        "trend": 68.156332,
        "fair_value": 84.208141,
        "relative_strength": 10.421401,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 43.043422,
        "energy": 57.030076,
        "activity_lines": [
          74.098,
          70.601818,
          68.177428,
          68.122924
        ]
      },
      {
        "date": "2026-06-19",
        "close": 86.129997,
        "volume": 90977,
        "typical_volume": 110721.65,
        "trend": 68.628332,
        "fair_value": 84.386859,
        "relative_strength": 18.741985,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 81.84694,
        "energy": 83.177017,
        "activity_lines": [
          79.142666,
          73.74109,
          69.924142,
          69.282515
        ]
      },
      {
        "date": "2026-06-26",
        "close": 85.290001,
        "volume": 0,
        "typical_volume": 105735.15,
        "trend": 69.252666,
        "fair_value": 84.532628,
        "relative_strength": 17.308459,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.100102,
        "energy": 86.741198,
        "activity_lines": [
          82.432,
          76.387999,
          71.519285,
          70.357461
        ]
      },
      {
        "date": "2026-07-03",
        "close": 89.360001,
        "volume": 64119,
        "typical_volume": 106929.5,
        "trend": 70.068666,
        "fair_value": 84.709615,
        "relative_strength": 21.679354,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.865926,
        "energy": 92.721658,
        "activity_lines": [
          85.624,
          79.468727,
          73.439761,
          71.654709
        ]
      },
      {
        "date": "2026-07-10",
        "close": 90.599998,
        "volume": 366336,
        "typical_volume": 121226.1,
        "trend": 70.880999,
        "fair_value": 84.888782,
        "relative_strength": 23.500887,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.267427,
        "energy": 92.047202,
        "activity_lines": [
          87.817333,
          82.335636,
          75.390999,
          72.979311
        ]
      },
      {
        "date": "2026-07-17",
        "close": 89.110001,
        "volume": 249633,
        "typical_volume": 132525.05,
        "trend": 71.427666,
        "fair_value": 85.023782,
        "relative_strength": 20.78008,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.949476,
        "energy": 87.113633,
        "activity_lines": [
          88.849333,
          84.484727,
          77.105523,
          74.155375
        ]
      },
      {
        "date": "2026-07-24",
        "close": 93.400002,
        "volume": 375242,
        "typical_volume": 145337.15,
        "trend": 72.214666,
        "fair_value": 85.206795,
        "relative_strength": 29.296949,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.801384,
        "energy": 88.84998,
        "activity_lines": [
          90.616667,
          87.003455,
          79.138095,
          75.572946
        ]
      },
      {
        "date": "2026-07-31",
        "close": 94.629997,
        "volume": 452828,
        "typical_volume": 153029.85,
        "trend": 73.032332,
        "fair_value": 85.409872,
        "relative_strength": 27.47879,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.687431,
        "energy": 78.776213,
        "activity_lines": [
          92.309333,
          89.211272,
          81.156571,
          77.019096
        ]
      },
      {
        "date": "2026-08-07",
        "close": 98.669998,
        "volume": 1473858,
        "typical_volume": 215073.75,
        "trend": 74.102332,
        "fair_value": 85.613846,
        "relative_strength": 31.527438,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.311852,
        "energy": 70.215743,
        "activity_lines": [
          94.725999,
          91.587272,
          83.402476,
          78.673139
        ]
      }
    ],
    "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."
    }
  }
}