{
  "ticker": {
    "uuid": "3f34494a-66fd-4455-a038-c0edf0d37d5d",
    "symbol": "001283",
    "name": "Shenzhen Highpower Technology Co., Ltd.",
    "exchange": "SHZ",
    "country": "CN",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "399001.SZ",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -62.344,
    "architecture_energy": 68.177,
    "architecture_maturity": 26.14,
    "architecture_confidence": 88.231,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 22.95,
        "rotation_up": 10.75,
        "upward_expansion": 15.07,
        "deceleration": 38.28,
        "rotation_down": 69.72,
        "downward_expansion": 88.4
      },
      "activity_lines": [
        42.155334,
        44.37891,
        48.51214,
        49.916806
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 42.400002,
    "trend_reference": 51.502952,
    "distance_from_trend": -0.176746,
    "trend_direction": "Weakening",
    "fair_value": 41.761779,
    "distance_from_fair_value": 0.015282,
    "fair_value_direction": "Weakening",
    "relative_strength": -23.687533,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.197107,
    "excess_performance": -0.204507,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.176746,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.047677,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.015282,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.371888,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.236875,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.114457,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.197107,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.530483,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 15503781,
      "relative_activity": 0.606584,
      "balance": 0.530483,
      "dry_up": 0.670395,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.142616,
      "annualized_volatility": 0.553097,
      "from_high_reference": -0.383735,
      "from_low_reference": 0.109077
    },
    "levels": {
      "trend_reference": 51.502952,
      "fair_value_reference": 41.761779,
      "structural_low": 38.23,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 9,
        "median_return": 0.116179,
        "positive_rate": 0.777778,
        "directional_follow_through": 0.222222,
        "median_excess_return": 0.091294,
        "regime_survival": 0.555556,
        "best_return": 0.23562,
        "worst_return": -0.16437,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.344828,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.226689,
        "regime_survival": 0.0,
        "best_return": 0.751943,
        "worst_return": 0.050534,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.230769,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.054068,
        "regime_survival": 0.333333,
        "best_return": 0.363906,
        "worst_return": 0.047093,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.324536,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.000175,
        "regime_survival": 0.0,
        "best_return": 0.360341,
        "worst_return": 0.28873,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-03-28",
        "end": "2025-04-18",
        "tenure": "New",
        "return": -0.1178,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-25",
        "end": "2025-05-09",
        "tenure": "New",
        "return": 0.028938,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-16",
        "end": "2025-06-06",
        "tenure": "New",
        "return": -0.072079,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-06-13",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.23562,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-18",
        "end": "2025-08-01",
        "tenure": "New",
        "return": 0.206568,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-08",
        "end": "2025-10-10",
        "tenure": "Developing",
        "return": 0.066685,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-17",
        "end": "2026-01-02",
        "tenure": "Developing",
        "return": 0.01626,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-09",
        "end": "2026-02-13",
        "tenure": "Developing",
        "return": -0.067629,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-02-27",
        "end": "2026-04-17",
        "tenure": "Developing",
        "return": 0.065832,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-24",
        "end": "2026-05-08",
        "tenure": "New",
        "return": 0.017358,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-05-15",
        "end": "2026-05-22",
        "tenure": "New",
        "return": 0.134087,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-29",
        "end": "2026-06-05",
        "tenure": "New",
        "return": -0.002017,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-06-12",
        "end": "2026-06-26",
        "tenure": "New",
        "return": -0.009114,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-07-03",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.165354,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-07-28",
        "close": 36.176395,
        "volume": 4534608,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-08-04",
        "close": 37.202736,
        "volume": 2179019,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-08-11",
        "close": 36.685818,
        "volume": 2907292,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-08-18",
        "close": 35.577076,
        "volume": 2745347,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-08-25",
        "close": 33.449497,
        "volume": 2175563,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-01",
        "close": 34.033829,
        "volume": 2024895,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-08",
        "close": 34.228607,
        "volume": 2540460,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-15",
        "close": 33.292175,
        "volume": 1818570,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-22",
        "close": 33.179802,
        "volume": 1708850,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-29",
        "close": 33.052444,
        "volume": 1453660,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-13",
        "close": 33.67424,
        "volume": 3174320,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-20",
        "close": 33.539394,
        "volume": 4183576,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-27",
        "close": 34.872879,
        "volume": 12194328,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-03",
        "close": 32.363228,
        "volume": 13327795,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-10",
        "close": 35.502163,
        "volume": 16061264,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-17",
        "close": 34.932808,
        "volume": 6608186,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-24",
        "close": 34.236103,
        "volume": 6141791,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-01",
        "close": 34.236103,
        "volume": 5244452,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-08",
        "close": 37.637234,
        "volume": 17130854,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-15",
        "close": 38.064251,
        "volume": 12426207,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-22",
        "close": 36.888088,
        "volume": 13511943,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-29",
        "close": 38.880821,
        "volume": 7805765,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-05",
        "close": 38.850857,
        "volume": 5866282,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-12",
        "close": 38.423843,
        "volume": 8258720,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-19",
        "close": 33.584339,
        "volume": 6768320,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-26",
        "close": 30.61022,
        "volume": 7215928,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-02",
        "close": 24.032694,
        "volume": 5347161,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-09",
        "close": 23.635645,
        "volume": 9491496,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-23",
        "close": 27.036781,
        "volume": 7222583,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-01",
        "close": 27.621115,
        "volume": 11201912,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-08",
        "close": 26.227701,
        "volume": 5775885,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-15",
        "close": 29.449039,
        "volume": 12743365,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-22",
        "close": 31.831337,
        "volume": 18285023,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-29",
        "close": 28.437691,
        "volume": 10121281,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-05",
        "close": 29.666294,
        "volume": 6661966,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-12",
        "close": 27.920776,
        "volume": 8469985,
        "typical_volume": 9284545.95,
        "trend": 32.530289,
        "fair_value": 37.317283,
        "relative_strength": -10.592079,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -40.114275,
        "energy": 19.912071,
        "activity_lines": [
          29.112923,
          28.495579,
          29.99599,
          31.281506
        ]
      },
      {
        "date": "2024-04-19",
        "close": 25.913059,
        "volume": 8785543,
        "typical_volume": 9416733.55,
        "trend": 32.253104,
        "fair_value": 37.17649,
        "relative_strength": -17.113686,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.784024,
        "energy": 34.639359,
        "activity_lines": [
          27.930267,
          28.191424,
          29.429277,
          30.854588
        ]
      },
      {
        "date": "2024-04-26",
        "close": 27.321457,
        "volume": 6751732,
        "typical_volume": 9492097.55,
        "trend": 32.05408,
        "fair_value": 37.056306,
        "relative_strength": -13.959672,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.477305,
        "energy": 33.187879,
        "activity_lines": [
          27.452809,
          28.109154,
          29.036331,
          30.536418
        ]
      },
      {
        "date": "2024-05-03",
        "close": 29.561413,
        "volume": 4727766,
        "typical_volume": 8871943.15,
        "trend": 31.933467,
        "fair_value": 36.966007,
        "relative_strength": -7.904572,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -49.831829,
        "energy": 30.487503,
        "activity_lines": [
          28.022661,
          28.367134,
          28.88964,
          30.3756
        ]
      },
      {
        "date": "2024-05-10",
        "close": 31.164591,
        "volume": 9003955,
        "typical_volume": 8700830.55,
        "trend": 31.870539,
        "fair_value": 36.896942,
        "relative_strength": -4.278496,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -29.103363,
        "energy": 17.186961,
        "activity_lines": [
          29.051991,
          28.870698,
          28.93409,
          30.325995
        ]
      },
      {
        "date": "2024-05-17",
        "close": 31.726454,
        "volume": 4013408,
        "typical_volume": 8225903.8,
        "trend": 31.805613,
        "fair_value": 36.836113,
        "relative_strength": -2.439547,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -6.705854,
        "energy": 10.991856,
        "activity_lines": [
          30.168723,
          29.411992,
          29.064906,
          30.3167
        ]
      },
      {
        "date": "2024-05-24",
        "close": 32.88763,
        "volume": 7422561,
        "typical_volume": 8206743.6,
        "trend": 31.783887,
        "fair_value": 36.7902,
        "relative_strength": 3.912958,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 3.174846,
        "energy": 18.284309,
        "activity_lines": [
          31.418801,
          30.064432,
          29.330889,
          30.386507
        ]
      },
      {
        "date": "2024-05-31",
        "close": 38.079231,
        "volume": 8313288,
        "typical_volume": 8329093.9,
        "trend": 31.890766,
        "fair_value": 36.805017,
        "relative_strength": 20.553574,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 43.06254,
        "energy": 56.188968,
        "activity_lines": [
          33.934442,
          31.598279,
          30.119849,
          30.792658
        ]
      },
      {
        "date": "2024-06-07",
        "close": 33.606815,
        "volume": 8440132,
        "typical_volume": 8338164.5,
        "trend": 31.932218,
        "fair_value": 36.768673,
        "relative_strength": 7.495634,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 22.916184,
        "energy": 49.843187,
        "activity_lines": [
          34.242093,
          32.205362,
          30.48654,
          30.903371
        ]
      },
      {
        "date": "2024-06-14",
        "close": 33.501938,
        "volume": 5527880,
        "typical_volume": 8276142.5,
        "trend": 31.865544,
        "fair_value": 36.731969,
        "relative_strength": 7.150101,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 23.057613,
        "energy": 48.830717,
        "activity_lines": [
          34.24509,
          32.699392,
          30.86618,
          31.004643
        ]
      },
      {
        "date": "2024-06-21",
        "close": 31.158953,
        "volume": 7200900,
        "typical_volume": 8275391.1,
        "trend": 31.739749,
        "fair_value": 36.670046,
        "relative_strength": 1.661958,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 27.720145,
        "energy": 30.47288,
        "activity_lines": [
          33.31127,
          32.697686,
          31.023071,
          30.959057
        ]
      },
      {
        "date": "2024-06-28",
        "close": 32.332619,
        "volume": 5806121,
        "typical_volume": 8298339.1,
        "trend": 31.6763,
        "fair_value": 36.622382,
        "relative_strength": 7.767595,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 11.980728,
        "energy": 12.112089,
        "activity_lines": [
          32.806505,
          32.850498,
          31.289127,
          30.997307
        ]
      },
      {
        "date": "2024-07-05",
        "close": 32.567348,
        "volume": 6102434,
        "typical_volume": 8128886.0,
        "trend": 31.620674,
        "fair_value": 36.578306,
        "relative_strength": 10.077495,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 8.143369,
        "energy": 7.915092,
        "activity_lines": [
          32.416984,
          32.929268,
          31.538015,
          31.054794
        ]
      },
      {
        "date": "2024-07-12",
        "close": 30.553188,
        "volume": 5770830,
        "typical_volume": 8056298.35,
        "trend": 31.38454,
        "fair_value": 36.513519,
        "relative_strength": 1.323315,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -2.10011,
        "energy": 9.356488,
        "activity_lines": [
          31.723536,
          32.546448,
          31.552546,
          30.985924
        ]
      },
      {
        "date": "2024-07-19",
        "close": 28.728325,
        "volume": 5472497,
        "typical_volume": 7769827.6,
        "trend": 31.073342,
        "fair_value": 36.430698,
        "relative_strength": -5.217188,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -18.777945,
        "energy": 17.363368,
        "activity_lines": [
          30.625374,
          31.813802,
          31.376536,
          30.814555
        ]
      },
      {
        "date": "2024-07-26",
        "close": 27.10791,
        "volume": 14622142,
        "typical_volume": 8212140.45,
        "trend": 30.747336,
        "fair_value": 36.332564,
        "relative_strength": -7.329402,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -37.933923,
        "energy": 30.86695,
        "activity_lines": [
          29.305315,
          30.830832,
          31.040928,
          30.558721
        ]
      },
      {
        "date": "2024-08-02",
        "close": 26.252266,
        "volume": 7653123,
        "typical_volume": 7957628.35,
        "trend": 30.326384,
        "fair_value": 36.227561,
        "relative_strength": -9.549105,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -42.503544,
        "energy": 49.763827,
        "activity_lines": [
          27.970111,
          29.776262,
          30.619639,
          30.268716
        ]
      },
      {
        "date": "2024-08-09",
        "close": 24.828726,
        "volume": 6095037,
        "typical_volume": 7348129.05,
        "trend": 29.85898,
        "fair_value": 36.110047,
        "relative_strength": -12.675735,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -39.084142,
        "energy": 60.763888,
        "activity_lines": [
          26.565751,
          28.583511,
          30.077997,
          29.914028
        ]
      },
      {
        "date": "2024-08-16",
        "close": 24.949877,
        "volume": 5346772,
        "typical_volume": 7109403.6,
        "trend": 29.409848,
        "fair_value": 35.996167,
        "relative_strength": -11.627287,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -44.169005,
        "energy": 65.66278,
        "activity_lines": [
          25.717682,
          27.653705,
          29.581239,
          29.597312
        ]
      },
      {
        "date": "2024-08-23",
        "close": 24.745432,
        "volume": 14181746,
        "typical_volume": 7485392.6,
        "trend": 29.115218,
        "fair_value": 35.882524,
        "relative_strength": -10.363824,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -42.250871,
        "energy": 65.609034,
        "activity_lines": [
          25.175019,
          26.844126,
          29.081619,
          29.296382
        ]
      },
      {
        "date": "2024-08-30",
        "close": 26.911036,
        "volume": 8030568,
        "typical_volume": 7463421.75,
        "trend": 28.991911,
        "fair_value": 35.792809,
        "relative_strength": -4.366956,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -36.373214,
        "energy": 56.230603,
        "activity_lines": [
          25.61975,
          26.587503,
          28.811679,
          29.154177
        ]
      },
      {
        "date": "2024-09-06",
        "close": 26.032681,
        "volume": 7433632,
        "typical_volume": 7395826.2,
        "trend": 29.058578,
        "fair_value": 35.696174,
        "relative_strength": -4.956949,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -60.747891,
        "energy": 53.838829,
        "activity_lines": [
          25.784822,
          26.248414,
          28.462895,
          28.963259
        ]
      },
      {
        "date": "2024-09-13",
        "close": 24.359257,
        "volume": 7219697,
        "typical_volume": 7419224.45,
        "trend": 29.082698,
        "fair_value": 35.585028,
        "relative_strength": -9.322263,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.893558,
        "energy": 52.678743,
        "activity_lines": [
          25.406724,
          25.71961,
          27.954168,
          28.660077
        ]
      },
      {
        "date": "2024-09-20",
        "close": 25.230043,
        "volume": 3950503,
        "typical_volume": 7380361.3,
        "trend": 29.022473,
        "fair_value": 35.484494,
        "relative_strength": -7.037294,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.247062,
        "energy": 43.543948,
        "activity_lines": [
          25.350186,
          25.498368,
          27.542478,
          28.411518
        ]
      },
      {
        "date": "2024-09-27",
        "close": 27.865112,
        "volume": 15109550,
        "typical_volume": 7685641.05,
        "trend": 29.030607,
        "fair_value": 35.411231,
        "relative_strength": -12.687237,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -45.373197,
        "energy": 32.631718,
        "activity_lines": [
          26.153327,
          25.853015,
          27.402373,
          28.33685
        ]
      },
      {
        "date": "2024-10-04",
        "close": 30.416891,
        "volume": 4474949,
        "typical_volume": 7708718.1,
        "trend": 29.170246,
        "fair_value": 35.363665,
        "relative_strength": -13.694071,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -15.490138,
        "energy": 14.241569,
        "activity_lines": [
          27.599082,
          26.687316,
          27.521006,
          28.426287
        ]
      },
      {
        "date": "2024-10-11",
        "close": 29.235655,
        "volume": 16476333,
        "typical_volume": 8161406.7,
        "trend": 29.163134,
        "fair_value": 35.305854,
        "relative_strength": -12.996803,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -15.584641,
        "energy": 20.091341,
        "activity_lines": [
          28.417368,
          27.246684,
          27.533377,
          28.430507
        ]
      },
      {
        "date": "2024-10-18",
        "close": 30.515327,
        "volume": 11155694,
        "typical_volume": 8303527.0,
        "trend": 29.119266,
        "fair_value": 35.261083,
        "relative_strength": -11.589202,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": 23.088943,
        "energy": 30.668929,
        "activity_lines": [
          29.44868,
          27.984476,
          27.685011,
          28.517746
        ]
      },
      {
        "date": "2024-10-25",
        "close": 33.612289,
        "volume": 23092156,
        "typical_volume": 9036128.2,
        "trend": 29.291753,
        "fair_value": 35.245816,
        "relative_strength": -4.834155,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 41.074006,
        "energy": 43.480187,
        "activity_lines": [
          31.101907,
          29.181959,
          28.167613,
          28.807618
        ]
      },
      {
        "date": "2024-11-01",
        "close": 33.316982,
        "volume": 19547615,
        "typical_volume": 9737114.95,
        "trend": 29.413443,
        "fair_value": 35.22812,
        "relative_strength": -3.975092,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 36.638051,
        "energy": 58.337375,
        "activity_lines": [
          32.097883,
          30.168252,
          28.622065,
          29.06731
        ]
      },
      {
        "date": "2024-11-08",
        "close": 35.103985,
        "volume": 11907256,
        "typical_volume": 9972432.75,
        "trend": 29.652883,
        "fair_value": 35.226992,
        "relative_strength": -5.149468,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 43.678886,
        "energy": 67.634379,
        "activity_lines": [
          33.326069,
          31.323608,
          29.247587,
          29.434442
        ]
      },
      {
        "date": "2024-11-15",
        "close": 37.390743,
        "volume": 19625877,
        "typical_volume": 10663420.55,
        "trend": 30.035472,
        "fair_value": 35.246485,
        "relative_strength": 4.956846,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 55.844346,
        "energy": 73.66739,
        "activity_lines": [
          35.004034,
          32.745776,
          30.072111,
          29.933659
        ]
      },
      {
        "date": "2024-11-22",
        "close": 37.670906,
        "volume": 9808198,
        "typical_volume": 10848708.75,
        "trend": 30.380454,
        "fair_value": 35.268132,
        "relative_strength": 8.817645,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 77.619314,
        "energy": 82.245622,
        "activity_lines": [
          36.231714,
          34.012371,
          30.89923,
          30.426267
        ]
      },
      {
        "date": "2024-11-29",
        "close": 35.959629,
        "volume": 12828684,
        "typical_volume": 11201601.45,
        "trend": 30.593728,
        "fair_value": 35.274251,
        "relative_strength": 2.234764,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.547138,
        "energy": 71.87854,
        "activity_lines": [
          36.41193,
          34.725796,
          31.539068,
          30.786214
        ]
      },
      {
        "date": "2024-12-06",
        "close": 36.042915,
        "volume": 10855381,
        "typical_volume": 11470745.65,
        "trend": 30.756339,
        "fair_value": 35.280994,
        "relative_strength": 0.872466,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.06112,
        "energy": 57.719179,
        "activity_lines": [
          36.463419,
          35.25928,
          32.161093,
          31.137775
        ]
      },
      {
        "date": "2024-12-13",
        "close": 42.676029,
        "volume": 20086282,
        "typical_volume": 11743952.65,
        "trend": 31.121325,
        "fair_value": 35.345298,
        "relative_strength": 20.278206,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.437513,
        "energy": 66.098677,
        "activity_lines": [
          38.544216,
          36.850098,
          33.380011,
          31.906787
        ]
      },
      {
        "date": "2024-12-20",
        "close": 47.476704,
        "volume": 16906762,
        "typical_volume": 12206634.6,
        "trend": 31.607627,
        "fair_value": 35.44988,
        "relative_strength": 34.328792,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 87.720629,
        "energy": 76.200028,
        "activity_lines": [
          41.720436,
          39.090872,
          34.982003,
          32.961973
        ]
      },
      {
        "date": "2024-12-27",
        "close": 44.447884,
        "volume": 15997200,
        "typical_volume": 12701742.75,
        "trend": 31.819916,
        "fair_value": 35.526786,
        "relative_strength": 25.47849,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.58918,
        "energy": 79.594151,
        "activity_lines": [
          43.214652,
          40.449296,
          36.194467,
          33.790376
        ]
      },
      {
        "date": "2025-01-03",
        "close": 41.403923,
        "volume": 10007905,
        "typical_volume": 12934799.4,
        "trend": 32.079819,
        "fair_value": 35.576592,
        "relative_strength": 25.820865,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.60088,
        "energy": 74.312302,
        "activity_lines": [
          43.242416,
          41.000954,
          37.023606,
          34.408699
        ]
      },
      {
        "date": "2025-01-10",
        "close": 42.024834,
        "volume": 10525453,
        "typical_volume": 12751984.75,
        "trend": 32.363916,
        "fair_value": 35.630779,
        "relative_strength": 29.005598,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.466926,
        "energy": 60.347244,
        "activity_lines": [
          43.114197,
          41.523838,
          37.833526,
          35.050313
        ]
      },
      {
        "date": "2025-01-17",
        "close": 43.895126,
        "volume": 5907853,
        "typical_volume": 12645849.0,
        "trend": 32.788455,
        "fair_value": 35.699648,
        "relative_strength": 29.865103,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.616799,
        "energy": 51.350831,
        "activity_lines": [
          43.210614,
          42.228451,
          38.739287,
          35.794262
        ]
      },
      {
        "date": "2025-01-24",
        "close": 43.955704,
        "volume": 12953759,
        "typical_volume": 12921855.35,
        "trend": 33.175891,
        "fair_value": 35.76788,
        "relative_strength": 28.051974,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.260824,
        "energy": 47.238219,
        "activity_lines": [
          43.24595,
          42.784239,
          39.56994,
          36.51473
        ]
      },
      {
        "date": "2025-01-31",
        "close": 43.826977,
        "volume": 1054560,
        "typical_volume": 12613598.5,
        "trend": 33.551212,
        "fair_value": 35.833938,
        "relative_strength": 28.78459,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.424763,
        "energy": 46.434674,
        "activity_lines": [
          43.473111,
          43.197259,
          40.302985,
          37.201897
        ]
      },
      {
        "date": "2025-02-07",
        "close": 47.976456,
        "volume": 9166485,
        "typical_volume": 12874397.6,
        "trend": 34.131987,
        "fair_value": 35.932658,
        "relative_strength": 34.184083,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.253233,
        "energy": 54.15501,
        "activity_lines": [
          45.124826,
          44.252802,
          41.338516,
          38.132558
        ]
      },
      {
        "date": "2025-02-14",
        "close": 49.672592,
        "volume": 15743795,
        "typical_volume": 12906109.85,
        "trend": 34.83013,
        "fair_value": 36.043464,
        "relative_strength": 35.193174,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.95047,
        "energy": 63.375419,
        "activity_lines": [
          46.90375,
          45.398245,
          42.427268,
          39.135177
        ]
      },
      {
        "date": "2025-02-21",
        "close": 50.308647,
        "volume": 12222585,
        "typical_volume": 13293491.65,
        "trend": 35.603488,
        "fair_value": 36.157585,
        "relative_strength": 32.718971,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.067114,
        "energy": 70.373524,
        "activity_lines": [
          48.384842,
          46.411522,
          43.47275,
          40.133791
        ]
      },
      {
        "date": "2025-02-28",
        "close": 46.378754,
        "volume": 11398012,
        "typical_volume": 13039575.6,
        "trend": 36.274371,
        "fair_value": 36.238706,
        "relative_strength": 25.722867,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.832792,
        "energy": 60.716188,
        "activity_lines": [
          48.128402,
          46.571498,
          44.049235,
          40.82897
        ]
      },
      {
        "date": "2025-03-07",
        "close": 48.80938,
        "volume": 9558276,
        "typical_volume": 12959704.7,
        "trend": 37.073726,
        "fair_value": 36.337687,
        "relative_strength": 28.267538,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.251467,
        "energy": 52.297312,
        "activity_lines": [
          48.520633,
          47.193369,
          44.775574,
          41.63768
        ]
      },
      {
        "date": "2025-03-14",
        "close": 45.417107,
        "volume": 11261783,
        "typical_volume": 12368186.05,
        "trend": 37.755967,
        "fair_value": 36.40862,
        "relative_strength": 17.200445,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.041006,
        "energy": 42.68215,
        "activity_lines": [
          47.449947,
          47.119163,
          45.091725,
          42.175963
        ]
      },
      {
        "date": "2025-03-21",
        "close": 44.818913,
        "volume": 8457454,
        "typical_volume": 11813678.0,
        "trend": 38.425083,
        "fair_value": 36.473816,
        "relative_strength": 18.245381,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 42.839242,
        "energy": 28.903364,
        "activity_lines": [
          46.350486,
          46.863228,
          45.294691,
          42.631637
        ]
      },
      {
        "date": "2025-03-28",
        "close": 43.516521,
        "volume": 6879385,
        "typical_volume": 11562284.45,
        "trend": 38.978599,
        "fair_value": 36.527991,
        "relative_strength": 15.005621,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.376236,
        "energy": 20.358788,
        "activity_lines": [
          45.140473,
          46.319693,
          45.31885,
          42.960117
        ]
      },
      {
        "date": "2025-04-04",
        "close": 40.517994,
        "volume": 4121520,
        "typical_volume": 10787066.6,
        "trend": 39.461443,
        "fair_value": 36.558449,
        "relative_strength": 9.105925,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 9.189468,
        "energy": 17.925993,
        "activity_lines": [
          43.383759,
          45.237854,
          45.017374,
          43.059433
        ]
      },
      {
        "date": "2025-04-11",
        "close": 35.982338,
        "volume": 23181746,
        "typical_volume": 11455744.0,
        "trend": 39.848879,
        "fair_value": 36.554085,
        "relative_strength": 1.780917,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -17.393079,
        "energy": 29.366128,
        "activity_lines": [
          40.505877,
          43.393855,
          44.26904,
          42.834974
        ]
      },
      {
        "date": "2025-04-18",
        "close": 38.390255,
        "volume": 20165295,
        "typical_volume": 11822574.55,
        "trend": 40.287552,
        "fair_value": 36.56789,
        "relative_strength": 8.520795,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -26.584479,
        "energy": 36.866088,
        "activity_lines": [
          39.285771,
          42.130289,
          43.758071,
          42.740869
        ]
      },
      {
        "date": "2025-04-25",
        "close": 41.343346,
        "volume": 14460010,
        "typical_volume": 12002806.0,
        "trend": 40.736827,
        "fair_value": 36.603528,
        "relative_strength": 14.492303,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -21.531171,
        "energy": 37.138589,
        "activity_lines": [
          39.518485,
          41.577942,
          43.516776,
          42.808985
        ]
      },
      {
        "date": "2025-05-02",
        "close": 41.002605,
        "volume": 14733550,
        "typical_volume": 11735169.4,
        "trend": 41.089684,
        "fair_value": 36.636114,
        "relative_strength": 13.114185,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -19.529719,
        "energy": 35.42455,
        "activity_lines": [
          39.869323,
          41.115084,
          43.217788,
          42.826132
        ]
      },
      {
        "date": "2025-05-09",
        "close": 42.539734,
        "volume": 14031632,
        "typical_volume": 11591412.9,
        "trend": 41.533153,
        "fair_value": 36.679523,
        "relative_strength": 14.125679,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -13.881867,
        "energy": 14.373561,
        "activity_lines": [
          40.900132,
          41.100905,
          43.073162,
          42.919684
        ]
      },
      {
        "date": "2025-05-16",
        "close": 40.760303,
        "volume": 12451027,
        "typical_volume": 11414104.25,
        "trend": 41.874653,
        "fair_value": 36.70931,
        "relative_strength": 8.367946,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -11.607003,
        "energy": 8.684154,
        "activity_lines": [
          41.203014,
          40.832993,
          42.782576,
          42.869822
        ]
      },
      {
        "date": "2025-05-23",
        "close": 39.102024,
        "volume": 12062206,
        "typical_volume": 11516819.3,
        "trend": 42.057644,
        "fair_value": 36.726648,
        "relative_strength": 4.242811,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -20.533382,
        "energy": 14.534934,
        "activity_lines": [
          40.634606,
          40.409922,
          42.351619,
          42.690943
        ]
      },
      {
        "date": "2025-05-30",
        "close": 38.306957,
        "volume": 10928447,
        "typical_volume": 11536969.0,
        "trend": 42.223976,
        "fair_value": 36.738017,
        "relative_strength": 3.191376,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -32.718417,
        "energy": 22.779718,
        "activity_lines": [
          39.753724,
          39.957114,
          41.855903,
          42.448963
        ]
      },
      {
        "date": "2025-06-06",
        "close": 37.822346,
        "volume": 11277500,
        "typical_volume": 11805451.35,
        "trend": 42.314588,
        "fair_value": 36.745762,
        "relative_strength": 0.411154,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -62.341301,
        "energy": 51.399474,
        "activity_lines": [
          38.913731,
          39.534593,
          41.331737,
          42.164987
        ]
      },
      {
        "date": "2025-06-13",
        "close": 38.674114,
        "volume": 13193793,
        "typical_volume": 11817453.05,
        "trend": 42.357367,
        "fair_value": 36.759439,
        "relative_strength": 3.189969,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.930223,
        "energy": 54.394935,
        "activity_lines": [
          38.569678,
          39.37047,
          40.91761,
          41.930118
        ]
      },
      {
        "date": "2025-06-20",
        "close": 38.131348,
        "volume": 18433140,
        "typical_volume": 12686382.05,
        "trend": 42.372715,
        "fair_value": 36.7691,
        "relative_strength": 2.732869,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.622358,
        "energy": 51.908806,
        "activity_lines": [
          38.302411,
          39.141188,
          40.476941,
          41.657472
        ]
      },
      {
        "date": "2025-06-27",
        "close": 41.510269,
        "volume": 23063088,
        "typical_volume": 13381212.2,
        "trend": 42.557737,
        "fair_value": 36.802255,
        "relative_strength": 7.61852,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.830298,
        "energy": 28.796345,
        "activity_lines": [
          39.336715,
          39.487182,
          40.385197,
          41.60183
        ]
      },
      {
        "date": "2025-07-04",
        "close": 44.285267,
        "volume": 27662020,
        "typical_volume": 13977123.45,
        "trend": 42.832482,
        "fair_value": 36.85422,
        "relative_strength": 13.115893,
        "stage": 2,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -15.920251,
        "energy": 11.963331,
        "activity_lines": [
          41.135469,
          40.280993,
          40.588529,
          41.713283
        ]
      },
      {
        "date": "2025-07-11",
        "close": 47.786499,
        "volume": 33666290,
        "typical_volume": 15049308.7,
        "trend": 43.002831,
        "fair_value": 36.929615,
        "relative_strength": 19.294893,
        "stage": 2,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": 33.17287,
        "energy": 31.718084,
        "activity_lines": [
          43.702745,
          41.657902,
          41.150966,
          42.032897
        ]
      },
      {
        "date": "2025-07-18",
        "close": 50.515629,
        "volume": 23116701,
        "typical_volume": 15635243.15,
        "trend": 43.104128,
        "fair_value": 37.02267,
        "relative_strength": 22.708656,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 43.945607,
        "energy": 59.457162,
        "activity_lines": [
          46.515455,
          43.407674,
          41.98533,
          42.517594
        ]
      },
      {
        "date": "2025-07-25",
        "close": 59.658592,
        "volume": 32514646,
        "typical_volume": 16783061.65,
        "trend": 43.611152,
        "fair_value": 37.176656,
        "relative_strength": 40.055386,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 65.003088,
        "energy": 83.306557,
        "activity_lines": [
          51.586385,
          46.674786,
          43.670754,
          43.585624
        ]
      },
      {
        "date": "2025-08-01",
        "close": 60.950531,
        "volume": 34379360,
        "typical_volume": 17938940.5,
        "trend": 44.262705,
        "fair_value": 37.337291,
        "relative_strength": 43.597453,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 91.252496,
        "energy": 96.437179,
        "activity_lines": [
          55.652812,
          49.833191,
          45.427556,
          44.704294
        ]
      },
      {
        "date": "2025-08-08",
        "close": 54.796616,
        "volume": 41957326,
        "typical_volume": 19613934.1,
        "trend": 44.688431,
        "fair_value": 37.454467,
        "relative_strength": 26.269536,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.929951,
        "energy": 87.900193,
        "activity_lines": [
          56.371916,
          51.475456,
          46.524302,
          45.383901
        ]
      },
      {
        "date": "2025-08-15",
        "close": 59.169334,
        "volume": 53583386,
        "typical_volume": 21949134.15,
        "trend": 45.197572,
        "fair_value": 37.599233,
        "relative_strength": 29.080716,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.306093,
        "energy": 89.692922,
        "activity_lines": [
          57.847836,
          53.61295,
          47.989985,
          46.318153
        ]
      },
      {
        "date": "2025-08-22",
        "close": 57.823883,
        "volume": 46611064,
        "typical_volume": 24073611.35,
        "trend": 45.659844,
        "fair_value": 37.733171,
        "relative_strength": 19.626491,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.755675,
        "energy": 75.34565,
        "activity_lines": [
          58.116417,
          55.117688,
          49.252992,
          47.132753
        ]
      },
      {
        "date": "2025-08-29",
        "close": 59.864994,
        "volume": 52317973,
        "typical_volume": 25530422.7,
        "trend": 46.194445,
        "fair_value": 37.878775,
        "relative_strength": 17.827435,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.290403,
        "energy": 62.220675,
        "activity_lines": [
          58.578151,
          56.645361,
          50.627982,
          48.049215
        ]
      },
      {
        "date": "2025-09-05",
        "close": 60.025536,
        "volume": 51343552,
        "typical_volume": 27089335.55,
        "trend": 46.596081,
        "fair_value": 38.023525,
        "relative_strength": 18.244521,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.019921,
        "energy": 59.191319,
        "activity_lines": [
          59.079639,
          57.807065,
          51.904535,
          48.941543
        ]
      },
      {
        "date": "2025-09-12",
        "close": 61.699703,
        "volume": 51040781,
        "typical_volume": 28918374.1,
        "trend": 46.996985,
        "fair_value": 38.177267,
        "relative_strength": 17.440438,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.489155,
        "energy": 58.12789,
        "activity_lines": [
          60.200849,
          58.936522,
          53.237507,
          49.91597
        ]
      },
      {
        "date": "2025-09-19",
        "close": 61.921398,
        "volume": 67847504,
        "typical_volume": 31574071.8,
        "trend": 47.384076,
        "fair_value": 38.330455,
        "relative_strength": 15.656799,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.430876,
        "energy": 54.620893,
        "activity_lines": [
          60.935752,
          59.789662,
          54.494658,
          50.878836
        ]
      },
      {
        "date": "2025-09-26",
        "close": 58.687725,
        "volume": 37050152,
        "typical_volume": 32724997.8,
        "trend": 47.794375,
        "fair_value": 38.46095,
        "relative_strength": 7.704774,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.468789,
        "energy": 47.818186,
        "activity_lines": [
          60.409293,
          59.797862,
          55.344227,
          51.608103
        ]
      },
      {
        "date": "2025-10-03",
        "close": 58.550121,
        "volume": 17490439,
        "typical_volume": 32976968.4,
        "trend": 48.119067,
        "fair_value": 38.508672,
        "relative_strength": 4.230355,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.359885,
        "energy": 42.697536,
        "activity_lines": [
          59.779376,
          59.63246,
          56.103795,
          52.302022
        ]
      },
      {
        "date": "2025-10-10",
        "close": 58.450741,
        "volume": 21523411,
        "typical_volume": 33450028.65,
        "trend": 48.553521,
        "fair_value": 38.577515,
        "relative_strength": 4.673578,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.022571,
        "energy": 32.781932,
        "activity_lines": [
          59.203991,
          59.469143,
          56.769185,
          52.968582
        ]
      },
      {
        "date": "2025-10-17",
        "close": 52.656124,
        "volume": 25759142,
        "typical_volume": 34191563.4,
        "trend": 48.814762,
        "fair_value": 38.61594,
        "relative_strength": -1.296956,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.325697,
        "energy": 19.79129,
        "activity_lines": [
          56.802053,
          58.297711,
          56.79057,
          53.233266
        ]
      },
      {
        "date": "2025-10-24",
        "close": 55.240002,
        "volume": 18136136,
        "typical_volume": 34534495.2,
        "trend": 49.205544,
        "fair_value": 38.721839,
        "relative_strength": -1.576924,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 29.499528,
        "energy": 20.568093,
        "activity_lines": [
          55.864313,
          57.634992,
          56.98971,
          53.647798
        ]
      },
      {
        "date": "2025-10-31",
        "close": 57.823883,
        "volume": 30466842,
        "typical_volume": 35398147.65,
        "trend": 49.782407,
        "fair_value": 38.843251,
        "relative_strength": 1.814725,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.164847,
        "energy": 19.0876,
        "activity_lines": [
          56.233293,
          57.513512,
          57.351992,
          54.20382
        ]
      },
      {
        "date": "2025-11-07",
        "close": 57.250538,
        "volume": 23949715,
        "typical_volume": 35673976.4,
        "trend": 50.491347,
        "fair_value": 38.951445,
        "relative_strength": 0.100161,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.92442,
        "energy": 15.052263,
        "activity_lines": [
          56.468748,
          57.287787,
          57.56848,
          54.685634
        ]
      },
      {
        "date": "2025-11-14",
        "close": 57.036488,
        "volume": 22876421,
        "typical_volume": 35664643.05,
        "trend": 51.112888,
        "fair_value": 39.071913,
        "relative_strength": 0.764545,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 20.873309,
        "energy": 14.03462,
        "activity_lines": [
          56.719491,
          57.07068,
          57.673539,
          55.107902
        ]
      },
      {
        "date": "2025-11-21",
        "close": 49.238979,
        "volume": 20175052,
        "typical_volume": 35290294.65,
        "trend": 51.376076,
        "fair_value": 39.110143,
        "relative_strength": -8.438286,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -8.07431,
        "energy": 10.156578,
        "activity_lines": [
          54.465349,
          55.49019,
          56.962044,
          54.987004
        ]
      },
      {
        "date": "2025-11-28",
        "close": 53.168312,
        "volume": 17702379,
        "typical_volume": 34492099.1,
        "trend": 51.7816,
        "fair_value": 39.176519,
        "relative_strength": -4.829078,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 5.437028,
        "energy": 13.801383,
        "activity_lines": [
          53.748793,
          54.850684,
          56.601182,
          55.102632
        ]
      },
      {
        "date": "2025-12-05",
        "close": 54.544346,
        "volume": 25823733,
        "typical_volume": 34627450.7,
        "trend": 52.181753,
        "fair_value": 39.247422,
        "relative_strength": -3.928079,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 6.855538,
        "energy": 15.780394,
        "activity_lines": [
          53.629029,
          54.620512,
          56.345742,
          55.280874
        ]
      },
      {
        "date": "2025-12-12",
        "close": 52.74786,
        "volume": 12817016,
        "typical_volume": 33642569.2,
        "trend": 52.581339,
        "fair_value": 39.299604,
        "relative_strength": -7.865626,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 0.102474,
        "energy": 18.032467,
        "activity_lines": [
          53.129071,
          54.13904,
          55.900025,
          55.317397
        ]
      },
      {
        "date": "2025-12-19",
        "close": 52.335049,
        "volume": 11259802,
        "typical_volume": 32486591.3,
        "trend": 53.022439,
        "fair_value": 39.35415,
        "relative_strength": -7.568796,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -19.227087,
        "energy": 24.965285,
        "activity_lines": [
          52.791688,
          53.688008,
          55.447901,
          55.301507
        ]
      },
      {
        "date": "2025-12-26",
        "close": 53.634632,
        "volume": 14890272,
        "typical_volume": 31133238.6,
        "trend": 53.533362,
        "fair_value": 39.43406,
        "relative_strength": -8.409443,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -24.170086,
        "energy": 18.342698,
        "activity_lines": [
          53.200929,
          53.584458,
          55.160572,
          55.341004
        ]
      },
      {
        "date": "2026-01-02",
        "close": 53.512318,
        "volume": 9525313,
        "typical_volume": 28930334.95,
        "trend": 54.056361,
        "fair_value": 39.520915,
        "relative_strength": -7.992168,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -22.611372,
        "energy": 17.748527,
        "activity_lines": [
          53.276355,
          53.440877,
          54.867128,
          55.339646
        ]
      },
      {
        "date": "2026-01-09",
        "close": 55.614586,
        "volume": 26244995,
        "typical_volume": 27912031.5,
        "trend": 54.621043,
        "fair_value": 39.635418,
        "relative_strength": -8.263692,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -6.126654,
        "energy": 6.93581,
        "activity_lines": [
          54.029604,
          53.71094,
          54.800838,
          55.440177
        ]
      },
      {
        "date": "2026-01-16",
        "close": 56.035046,
        "volume": 33865627,
        "typical_volume": 26989414.2,
        "trend": 55.217833,
        "fair_value": 39.746079,
        "relative_strength": -8.449285,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 1.929477,
        "energy": 8.010177,
        "activity_lines": [
          54.851656,
          54.097619,
          54.785112,
          55.531403
        ]
      },
      {
        "date": "2026-01-23",
        "close": 56.463142,
        "volume": 23211400,
        "typical_volume": 25582806.6,
        "trend": 55.716262,
        "fair_value": 39.849464,
        "relative_strength": -8.615242,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -16.468324,
        "energy": 14.631686,
        "activity_lines": [
          55.597261,
          54.584234,
          54.828395,
          55.611745
        ]
      },
      {
        "date": "2026-01-30",
        "close": 52.809017,
        "volume": 21654629,
        "typical_volume": 24113499.0,
        "trend": 56.000387,
        "fair_value": 39.915064,
        "relative_strength": -12.888796,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -33.588429,
        "energy": 18.568873,
        "activity_lines": [
          54.849619,
          54.416887,
          54.54063,
          55.424181
        ]
      },
      {
        "date": "2026-02-06",
        "close": 51.7617,
        "volume": 11045276,
        "typical_volume": 21273387.6,
        "trend": 56.132894,
        "fair_value": 39.96059,
        "relative_strength": -12.458406,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -51.742089,
        "energy": 23.009203,
        "activity_lines": [
          53.807911,
          53.994208,
          54.195457,
          55.150717
        ]
      },
      {
        "date": "2026-02-13",
        "close": 51.853436,
        "volume": 9484136,
        "typical_volume": 19895086.8,
        "trend": 56.177488,
        "fair_value": 40.01911,
        "relative_strength": -13.135825,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -52.95369,
        "energy": 39.854467,
        "activity_lines": [
          52.913491,
          53.613784,
          53.907401,
          54.874623
        ]
      },
      {
        "date": "2026-02-27",
        "close": 51.906952,
        "volume": 10449871,
        "typical_volume": 19543058.4,
        "trend": 55.9191,
        "fair_value": 40.05364,
        "relative_strength": -15.030657,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.509829,
        "energy": 58.039725,
        "activity_lines": [
          52.287652,
          53.292016,
          53.656985,
          54.599105
        ]
      },
      {
        "date": "2026-03-06",
        "close": 47.74828,
        "volume": 15242780,
        "typical_volume": 19229026.85,
        "trend": 55.479025,
        "fair_value": 40.057503,
        "relative_strength": -19.692798,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.314141,
        "energy": 76.85389,
        "activity_lines": [
          50.550796,
          52.229414,
          53.042139,
          54.071955
        ]
      },
      {
        "date": "2026-03-13",
        "close": 48.772655,
        "volume": 14862211,
        "typical_volume": 18684180.3,
        "trend": 55.278226,
        "fair_value": 40.070653,
        "relative_strength": -18.183882,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.507953,
        "energy": 76.02656,
        "activity_lines": [
          49.736388,
          51.436459,
          52.575818,
          53.639286
        ]
      },
      {
        "date": "2026-03-20",
        "close": 51.379471,
        "volume": 21279123,
        "typical_volume": 18841329.65,
        "trend": 55.018564,
        "fair_value": 40.113204,
        "relative_strength": -11.057161,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.25826,
        "energy": 64.443698,
        "activity_lines": [
          50.06001,
          51.205869,
          52.376257,
          53.387753
        ]
      },
      {
        "date": "2026-03-27",
        "close": 56.486076,
        "volume": 73157766,
        "typical_volume": 20975875.85,
        "trend": 54.97397,
        "fair_value": 40.197699,
        "relative_strength": -1.424785,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -21.458582,
        "energy": 19.81194,
        "activity_lines": [
          52.111316,
          51.942532,
          52.681423,
          53.482432
        ]
      },
      {
        "date": "2026-04-03",
        "close": 49.858192,
        "volume": 35238020,
        "typical_volume": 21540291.1,
        "trend": 54.64041,
        "fair_value": 40.25593,
        "relative_strength": -10.183265,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -47.971364,
        "energy": 23.462671,
        "activity_lines": [
          51.644484,
          51.45828,
          52.361732,
          53.152381
        ]
      },
      {
        "date": "2026-04-10",
        "close": 53.153023,
        "volume": 32726862,
        "typical_volume": 22032813.15,
        "trend": 54.411327,
        "fair_value": 40.327313,
        "relative_strength": -10.568336,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -28.80667,
        "energy": 17.099171,
        "activity_lines": [
          52.412514,
          51.685395,
          52.391036,
          53.056421
        ]
      },
      {
        "date": "2026-04-17",
        "close": 55.324093,
        "volume": 39787547,
        "typical_volume": 23013437.9,
        "trend": 54.198806,
        "fair_value": 40.41395,
        "relative_strength": -10.541054,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -11.148915,
        "energy": 14.770929,
        "activity_lines": [
          53.543917,
          52.367434,
          52.645602,
          53.115309
        ]
      },
      {
        "date": "2026-04-24",
        "close": 55.492275,
        "volume": 34109802,
        "typical_volume": 23833809.05,
        "trend": 53.984502,
        "fair_value": 40.495891,
        "relative_strength": -10.511536,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 16.730083,
        "energy": 14.885247,
        "activity_lines": [
          54.294618,
          53.034322,
          52.887208,
          53.198759
        ]
      },
      {
        "date": "2026-05-01",
        "close": 57.242893,
        "volume": 32240774,
        "typical_volume": 24154661.1,
        "trend": 53.936341,
        "fair_value": 40.5902,
        "relative_strength": -8.54942,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 26.757349,
        "energy": 26.917742,
        "activity_lines": [
          55.354672,
          53.951676,
          53.284473,
          53.408977
        ]
      },
      {
        "date": "2026-05-08",
        "close": 56.455498,
        "volume": 23494314,
        "typical_volume": 24688526.0,
        "trend": 53.86652,
        "fair_value": 40.698307,
        "relative_strength": -12.241808,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 30.42421,
        "energy": 41.268744,
        "activity_lines": [
          56.101806,
          54.627878,
          53.593899,
          53.571504
        ]
      },
      {
        "date": "2026-05-15",
        "close": 55.415829,
        "volume": 31127101,
        "typical_volume": 25681890.95,
        "trend": 53.765357,
        "fair_value": 40.811583,
        "relative_strength": -13.587351,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 28.31715,
        "energy": 37.291963,
        "activity_lines": [
          56.062564,
          55.032347,
          53.786652,
          53.671459
        ]
      },
      {
        "date": "2026-05-22",
        "close": 62.846397,
        "volume": 45259787,
        "typical_volume": 27200366.7,
        "trend": 54.105032,
        "fair_value": 40.993771,
        "relative_strength": -2.237743,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 77.960086,
        "energy": 64.813498,
        "activity_lines": [
          58.349324,
          56.648419,
          54.672408,
          54.257333
        ]
      },
      {
        "date": "2026-05-29",
        "close": 54.529999,
        "volume": 37873830,
        "typical_volume": 28617792.55,
        "trend": 54.081365,
        "fair_value": 41.129615,
        "relative_strength": -14.911643,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.002655,
        "energy": 36.035073,
        "activity_lines": [
          57.362464,
          56.496533,
          54.722261,
          54.28475
        ]
      },
      {
        "date": "2026-06-05",
        "close": 54.419998,
        "volume": 5273570,
        "typical_volume": 27569221.3,
        "trend": 53.967903,
        "fair_value": 41.244592,
        "relative_strength": -13.533484,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 48.384276,
        "energy": 25.823687,
        "activity_lines": [
          56.403089,
          56.267364,
          54.756792,
          54.306597
        ]
      },
      {
        "date": "2026-06-12",
        "close": 47.18,
        "volume": 4516530,
        "typical_volume": 26101766.45,
        "trend": 53.632218,
        "fair_value": 41.310038,
        "relative_strength": -23.075115,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -12.424598,
        "energy": 10.275752,
        "activity_lines": [
          53.218574,
          54.759397,
          54.107487,
          53.868668
        ]
      },
      {
        "date": "2026-06-19",
        "close": 52.610001,
        "volume": 22310052,
        "typical_volume": 26056699.05,
        "trend": 53.484668,
        "fair_value": 41.397757,
        "relative_strength": -19.72971,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 1.849525,
        "energy": 14.84962,
        "activity_lines": [
          52.462426,
          54.287397,
          54.017492,
          53.802718
        ]
      },
      {
        "date": "2026-06-26",
        "close": 46.75,
        "volume": 4303730,
        "typical_volume": 25189154.1,
        "trend": 53.401703,
        "fair_value": 41.466161,
        "relative_strength": -27.257139,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -54.242061,
        "energy": 40.949232,
        "activity_lines": [
          49.94,
          52.759815,
          53.38775,
          53.368224
        ]
      },
      {
        "date": "2026-07-03",
        "close": 50.799999,
        "volume": 3181730,
        "typical_volume": 24795976.8,
        "trend": 53.322759,
        "fair_value": 41.562495,
        "relative_strength": -19.737775,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.648114,
        "energy": 47.407326,
        "activity_lines": [
          49.840666,
          52.12449,
          53.172575,
          53.200372
        ]
      },
      {
        "date": "2026-07-10",
        "close": 44.700001,
        "volume": 18043001,
        "typical_volume": 25223920.05,
        "trend": 52.994614,
        "fair_value": 41.627171,
        "relative_strength": -26.356139,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.322482,
        "energy": 61.611421,
        "activity_lines": [
          47.956667,
          50.465388,
          52.381027,
          52.644065
        ]
      },
      {
        "date": "2026-07-17",
        "close": 42.060001,
        "volume": 22326654,
        "typical_volume": 25817759.2,
        "trend": 52.638352,
        "fair_value": 41.664886,
        "relative_strength": -23.421561,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.162576,
        "energy": 70.370309,
        "activity_lines": [
          45.840667,
          48.554339,
          51.372115,
          51.938606
        ]
      },
      {
        "date": "2026-07-24",
        "close": 40.57,
        "volume": 18124833,
        "typical_volume": 25961861.85,
        "trend": 52.246184,
        "fair_value": 41.694875,
        "relative_strength": -25.899334,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.774096,
        "energy": 71.785184,
        "activity_lines": [
          43.569334,
          46.634116,
          50.268188,
          51.160003
        ]
      },
      {
        "date": "2026-07-31",
        "close": 42.450001,
        "volume": 12583676,
        "typical_volume": 25847935.1,
        "trend": 51.873363,
        "fair_value": 41.736243,
        "relative_strength": -20.495511,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.22419,
        "energy": 72.281681,
        "activity_lines": [
          42.727334,
          45.325637,
          49.377491,
          50.527991
        ]
      },
      {
        "date": "2026-08-07",
        "close": 42.400002,
        "volume": 15503781,
        "typical_volume": 25559168.0,
        "trend": 51.502952,
        "fair_value": 41.761779,
        "relative_strength": -23.687533,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.343813,
        "energy": 68.176913,
        "activity_lines": [
          42.155334,
          44.37891,
          48.51214,
          49.916806
        ]
      }
    ],
    "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."
    }
  }
}