{
  "ticker": {
    "uuid": "3f59e2a6-3bff-499c-82fe-7346d089b25b",
    "symbol": "UB17",
    "name": "UBS MSCI EMU Value UCITS ETF EUR dis",
    "exchange": "LSE",
    "country": "GB",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^FTSE",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 88.712,
    "architecture_energy": 87.554,
    "architecture_maturity": 39.361,
    "architecture_confidence": 80.697,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 7.71,
        "rotation_up": 74.52,
        "upward_expansion": 92.03,
        "deceleration": 47.32,
        "rotation_down": 15.92,
        "downward_expansion": 18.7
      },
      "activity_lines": [
        5665.5,
        5606.027273,
        5491.07381,
        5395.650728
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 5778.0,
    "trend_reference": 5291.163184,
    "distance_from_trend": 0.092009,
    "trend_direction": "Improving",
    "fair_value": 4259.564919,
    "distance_from_fair_value": 0.356477,
    "fair_value_direction": "Improving",
    "relative_strength": 4.590363,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.104062,
    "excess_performance": 0.052827,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.092009,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.038053,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.356477,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.081045,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.045904,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.032789,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.104062,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.390741,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2979,
      "relative_activity": 0.842954,
      "balance": 1.390741,
      "dry_up": 0.741299,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.01677,
      "annualized_volatility": 0.16233,
      "from_high_reference": -0.005777,
      "from_low_reference": 0.266417
    },
    "levels": {
      "trend_reference": 5291.163184,
      "fair_value_reference": 4259.564919,
      "structural_low": 4716.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 31,
        "median_return": 0.012662,
        "positive_rate": 0.580645,
        "directional_follow_through": 0.580645,
        "median_excess_return": 0.000315,
        "regime_survival": 0.677419,
        "best_return": 0.095283,
        "worst_return": -0.076276,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
        "median_return": 0.044257,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.016257,
        "regime_survival": 0.583333,
        "best_return": 0.106897,
        "worst_return": -0.066403,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.077202,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.714286,
        "median_excess_return": -0.008034,
        "regime_survival": 0.571429,
        "best_return": 0.163273,
        "worst_return": -0.131921,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.066423,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.016853,
        "regime_survival": 0.75,
        "best_return": 0.316875,
        "worst_return": -0.00163,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-06-21",
        "end": "2024-08-02",
        "tenure": "Developing",
        "return": -0.004394,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-08-09",
        "end": "2024-09-27",
        "tenure": "Developing",
        "return": 0.064295,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-10-04",
        "end": "2024-11-08",
        "tenure": "Developing",
        "return": -0.028437,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-15",
        "end": "2025-01-10",
        "tenure": "Developing",
        "return": 0.01034,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-01-17",
        "end": "2025-01-31",
        "tenure": "New",
        "return": 0.019512,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-07",
        "end": "2025-04-11",
        "tenure": "Developing",
        "return": -0.00327,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-18",
        "end": "2025-05-02",
        "tenure": "New",
        "return": 0.052878,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-05-09",
        "end": "2025-09-19",
        "tenure": "Established",
        "return": 0.056283,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-09-26",
        "end": "2025-10-03",
        "tenure": "New",
        "return": 0.013312,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-10",
        "end": "2025-11-21",
        "tenure": "Developing",
        "return": 0.029207,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-28",
        "end": "2025-12-05",
        "tenure": "New",
        "return": 0.003364,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-12-12",
        "end": "2026-03-13",
        "tenure": "Established",
        "return": -0.01059,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-03-20",
        "end": "2026-04-17",
        "tenure": "Developing",
        "return": 0.103216,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-04-24",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": 0.115444,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 3336.399414,
        "volume": 162,
        "typical_volume": 1026.5,
        "trend": 3489.729557,
        "fair_value": 3223.343435,
        "relative_strength": 4.295265,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -51.86969,
        "energy": 21.867615,
        "activity_lines": [
          3468.894954,
          3486.032777,
          3487.046001,
          3486.375289
        ]
      },
      {
        "date": "2023-08-25",
        "close": 3377.614258,
        "volume": 0,
        "typical_volume": 1026.45,
        "trend": 3486.994547,
        "fair_value": 3227.239353,
        "relative_strength": 4.145092,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -60.461043,
        "energy": 40.120965,
        "activity_lines": [
          3423.504883,
          3466.54565,
          3475.774263,
          3479.142044
        ]
      },
      {
        "date": "2023-09-01",
        "close": 3414.332764,
        "volume": 0,
        "typical_volume": 1003.25,
        "trend": 3482.246216,
        "fair_value": 3231.608962,
        "relative_strength": 3.249911,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -54.674275,
        "energy": 45.005167,
        "activity_lines": [
          3405.062272,
          3455.602961,
          3468.488854,
          3474.454187
        ]
      },
      {
        "date": "2023-09-08",
        "close": 3390.852783,
        "volume": 0,
        "typical_volume": 1003.25,
        "trend": 3478.221761,
        "fair_value": 3234.8476,
        "relative_strength": 2.116146,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.835852,
        "energy": 60.206032,
        "activity_lines": [
          3392.251644,
          3440.202659,
          3459.657481,
          3468.557836
        ]
      },
      {
        "date": "2023-09-15",
        "close": 3480.026611,
        "volume": 31,
        "typical_volume": 979.95,
        "trend": 3474.847526,
        "fair_value": 3239.097711,
        "relative_strength": 1.442919,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -47.939899,
        "energy": 43.990273,
        "activity_lines": [
          3419.878027,
          3443.083816,
          3460.169638,
          3468.674278
        ]
      },
      {
        "date": "2023-09-22",
        "close": 3479.5271,
        "volume": 594,
        "typical_volume": 1009.65,
        "trend": 3473.529191,
        "fair_value": 3244.403452,
        "relative_strength": 1.596535,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -30.258613,
        "energy": 14.916168,
        "activity_lines": [
          3446.438672,
          3444.395854,
          3460.93433,
          3468.976186
        ]
      },
      {
        "date": "2023-09-29",
        "close": 3430.818848,
        "volume": 3370,
        "typical_volume": 1168.25,
        "trend": 3467.873796,
        "fair_value": 3249.270606,
        "relative_strength": 0.95932,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -33.705702,
        "energy": 15.012429,
        "activity_lines": [
          3447.221387,
          3437.066992,
          3457.218749,
          3466.22068
        ]
      },
      {
        "date": "2023-10-06",
        "close": 3352.385742,
        "volume": 0,
        "typical_volume": 1158.1,
        "trend": 3462.617049,
        "fair_value": 3252.921632,
        "relative_strength": -0.044468,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.161341,
        "energy": 27.168266,
        "activity_lines": [
          3418.31276,
          3418.521471,
          3446.365637,
          3458.769838
        ]
      },
      {
        "date": "2023-10-13",
        "close": 3375.116455,
        "volume": 5275,
        "typical_volume": 1421.85,
        "trend": 3466.158455,
        "fair_value": 3257.027062,
        "relative_strength": -0.898318,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.419389,
        "energy": 37.438546,
        "activity_lines": [
          3401.11084,
          3408.905655,
          3438.544845,
          3453.124638
        ]
      },
      {
        "date": "2023-10-20",
        "close": 3304.177246,
        "volume": 7548,
        "typical_volume": 1799.25,
        "trend": 3466.003467,
        "fair_value": 3260.828097,
        "relative_strength": -0.524355,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.41482,
        "energy": 67.578343,
        "activity_lines": [
          3361.311605,
          3389.599481,
          3424.502454,
          3442.674238
        ]
      },
      {
        "date": "2023-10-27",
        "close": 3276.200928,
        "volume": 0,
        "typical_volume": 1799.25,
        "trend": 3460.013428,
        "fair_value": 3265.734156,
        "relative_strength": 0.006242,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.582018,
        "energy": 77.003269,
        "activity_lines": [
          3323.910221,
          3368.158718,
          3408.528855,
          3430.428913
        ]
      },
      {
        "date": "2023-11-03",
        "close": 3377.364258,
        "volume": 3018,
        "typical_volume": 1949.1,
        "trend": 3456.579793,
        "fair_value": 3270.122701,
        "relative_strength": 1.201217,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.611573,
        "energy": 66.421725,
        "activity_lines": [
          3333.785026,
          3366.205806,
          3402.901702,
          3425.096708
        ]
      },
      {
        "date": "2023-11-10",
        "close": 3387.355957,
        "volume": 0,
        "typical_volume": 1949.1,
        "trend": 3450.848999,
        "fair_value": 3272.97265,
        "relative_strength": 2.183856,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.990097,
        "energy": 58.244068,
        "activity_lines": [
          3350.554037,
          3366.074112,
          3398.716659,
          3420.630654
        ]
      },
      {
        "date": "2023-11-17",
        "close": 3494.51416,
        "volume": 878,
        "typical_volume": 1993.0,
        "trend": 3448.348885,
        "fair_value": 3276.285587,
        "relative_strength": 3.25649,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -14.559588,
        "energy": 10.256852,
        "activity_lines": [
          3400.7111,
          3385.916215,
          3404.816244,
          3423.447761
        ]
      },
      {
        "date": "2023-11-24",
        "close": 3479.776855,
        "volume": 973,
        "typical_volume": 2041.65,
        "trend": 3446.239811,
        "fair_value": 3278.82589,
        "relative_strength": 2.886885,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -5.931015,
        "energy": 20.912439,
        "activity_lines": [
          3437.995882,
          3401.194056,
          3409.560278,
          3425.475372
        ]
      },
      {
        "date": "2023-12-01",
        "close": 3485.272217,
        "volume": 1271,
        "typical_volume": 2105.2,
        "trend": 3445.321053,
        "fair_value": 3281.337441,
        "relative_strength": 2.316604,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 24.113772,
        "energy": 33.632186,
        "activity_lines": [
          3465.40581,
          3417.475595,
          3414.441697,
          3427.993592
        ]
      },
      {
        "date": "2023-12-08",
        "close": 3559.208984,
        "volume": 40,
        "typical_volume": 2105.75,
        "trend": 3447.274707,
        "fair_value": 3284.396522,
        "relative_strength": 3.938045,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 42.774963,
        "energy": 52.699945,
        "activity_lines": [
          3503.523242,
          3447.095725,
          3426.393702,
          3435.3412
        ]
      },
      {
        "date": "2023-12-15",
        "close": 3587.934326,
        "volume": 603,
        "typical_volume": 1375.85,
        "trend": 3449.05389,
        "fair_value": 3287.506985,
        "relative_strength": 4.27452,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 46.037474,
        "energy": 71.15946,
        "activity_lines": [
          3539.092806,
          3479.604279,
          3441.267286,
          3444.416015
        ]
      },
      {
        "date": "2023-12-22",
        "close": 3618.158691,
        "volume": 447,
        "typical_volume": 1247.5,
        "trend": 3453.413688,
        "fair_value": 3290.977534,
        "relative_strength": 3.333388,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 84.384102,
        "energy": 88.654909,
        "activity_lines": [
          3571.365267,
          3513.32547,
          3459.154039,
          3455.326002
        ]
      },
      {
        "date": "2023-12-29",
        "close": 3633.145996,
        "volume": 224,
        "typical_volume": 1221.7,
        "trend": 3459.246891,
        "fair_value": 3294.564951,
        "relative_strength": 3.137602,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.665159,
        "energy": 92.194397,
        "activity_lines": [
          3600.390527,
          3545.352676,
          3478.150916,
          3466.921634
        ]
      },
      {
        "date": "2024-01-05",
        "close": 3623.904053,
        "volume": 3028,
        "typical_volume": 1365.0,
        "trend": 3465.854093,
        "fair_value": 3297.293401,
        "relative_strength": 3.322824,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.792384,
        "energy": 89.355019,
        "activity_lines": [
          3616.110531,
          3569.718279,
          3495.474237,
          3477.544677
        ]
      },
      {
        "date": "2024-01-12",
        "close": 3588.184326,
        "volume": 3,
        "typical_volume": 1365.15,
        "trend": 3469.447795,
        "fair_value": 3300.293504,
        "relative_strength": 3.055783,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.533542,
        "energy": 85.648419,
        "activity_lines": [
          3610.681836,
          3581.267511,
          3508.02661,
          3485.43695
        ]
      },
      {
        "date": "2024-01-19",
        "close": 3526.486816,
        "volume": 0,
        "typical_volume": 1365.15,
        "trend": 3473.531893,
        "fair_value": 3303.070851,
        "relative_strength": 3.352346,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.744587,
        "energy": 56.909177,
        "activity_lines": [
          3582.755615,
          3577.765922,
          3513.700315,
          3489.116887
        ]
      },
      {
        "date": "2024-01-26",
        "close": 3560.458008,
        "volume": 523,
        "typical_volume": 1391.3,
        "trend": 3475.394002,
        "fair_value": 3306.801708,
        "relative_strength": 1.891749,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 48.913067,
        "energy": 41.574652,
        "activity_lines": [
          3570.249626,
          3577.911261,
          3522.075305,
          3494.725024
        ]
      },
      {
        "date": "2024-02-02",
        "close": 3536.478516,
        "volume": 0,
        "typical_volume": 1389.75,
        "trend": 3479.985946,
        "fair_value": 3309.797114,
        "relative_strength": 1.405244,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 41.475737,
        "energy": 29.476625,
        "activity_lines": [
          3553.597184,
          3572.497714,
          3527.358889,
          3498.66596
        ]
      },
      {
        "date": "2024-02-09",
        "close": 3487.520508,
        "volume": 1167,
        "typical_volume": 1418.4,
        "trend": 3479.857959,
        "fair_value": 3312.475486,
        "relative_strength": 0.504408,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 24.960828,
        "energy": 30.656607,
        "activity_lines": [
          3527.069906,
          3557.151771,
          3527.710987,
          3499.152061
        ]
      },
      {
        "date": "2024-02-16",
        "close": 3545.720703,
        "volume": 110,
        "typical_volume": 1255.4,
        "trend": 3478.107528,
        "fair_value": 3315.538131,
        "relative_strength": 0.286455,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.12136,
        "energy": 28.047198,
        "activity_lines": [
          3529.034928,
          3552.346804,
          3533.567898,
          3503.40127
        ]
      },
      {
        "date": "2024-02-23",
        "close": 3592.180908,
        "volume": 298,
        "typical_volume": 1270.3,
        "trend": 3477.306478,
        "fair_value": 3319.040961,
        "relative_strength": 1.588724,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 51.771213,
        "energy": 27.589852,
        "activity_lines": [
          3549.317594,
          3556.234388,
          3543.302438,
          3510.760843
        ]
      },
      {
        "date": "2024-03-01",
        "close": 3614.661621,
        "volume": 0,
        "typical_volume": 1006.55,
        "trend": 3479.410571,
        "fair_value": 3322.256019,
        "relative_strength": 2.466235,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 69.909227,
        "energy": 43.353098,
        "activity_lines": [
          3572.714225,
          3564.132164,
          3554.036116,
          3519.622465
        ]
      },
      {
        "date": "2024-03-08",
        "close": 3631.147461,
        "volume": 2380,
        "typical_volume": 748.15,
        "trend": 3484.89755,
        "fair_value": 3324.948137,
        "relative_strength": 3.14902,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 75.536963,
        "energy": 71.06378,
        "activity_lines": [
          3597.992562,
          3575.090949,
          3565.199184,
          3529.411942
        ]
      },
      {
        "date": "2024-03-15",
        "close": 3701.087891,
        "volume": 152,
        "typical_volume": 755.75,
        "trend": 3497.053833,
        "fair_value": 3328.039008,
        "relative_strength": 4.069579,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 87.304382,
        "energy": 91.068361,
        "activity_lines": [
          3640.273112,
          3598.802512,
          3581.466243,
          3543.359706
        ]
      },
      {
        "date": "2024-03-22",
        "close": 3777.023193,
        "volume": 362,
        "typical_volume": 622.95,
        "trend": 3510.367464,
        "fair_value": 3331.621441,
        "relative_strength": 3.352537,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 94.034128,
        "energy": 97.008878,
        "activity_lines": [
          3693.627604,
          3634.917152,
          3602.941965,
          3561.422245
        ]
      },
      {
        "date": "2024-03-29",
        "close": 3824.482422,
        "volume": 1472,
        "typical_volume": 696.55,
        "trend": 3524.039119,
        "fair_value": 3335.336948,
        "relative_strength": 4.243488,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 93.855979,
        "energy": 97.346436,
        "activity_lines": [
          3747.381673,
          3676.227308,
          3627.034476,
          3581.687726
        ]
      },
      {
        "date": "2024-04-05",
        "close": 3815.989746,
        "volume": 1161,
        "typical_volume": 710.7,
        "trend": 3538.210352,
        "fair_value": 3338.554944,
        "relative_strength": 4.413609,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.91575,
        "energy": 93.674065,
        "activity_lines": [
          3782.818083,
          3710.57524,
          3648.236606,
          3600.523251
        ]
      },
      {
        "date": "2024-04-12",
        "close": 3774.774902,
        "volume": 1,
        "typical_volume": 662.1,
        "trend": 3548.035295,
        "fair_value": 3341.276807,
        "relative_strength": 2.11079,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.319594,
        "energy": 87.855731,
        "activity_lines": [
          3791.094336,
          3732.783532,
          3663.982676,
          3615.78548
        ]
      },
      {
        "date": "2024-04-19",
        "close": 3791.510742,
        "volume": 1,
        "typical_volume": 598.6,
        "trend": 3558.434749,
        "fair_value": 3344.283502,
        "relative_strength": 3.732769,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.719316,
        "energy": 76.174246,
        "activity_lines": [
          3795.37404,
          3753.702042,
          3679.917884,
          3631.493573
        ]
      },
      {
        "date": "2024-04-26",
        "close": 3872.941162,
        "volume": 15984,
        "typical_volume": 1395.8,
        "trend": 3573.17216,
        "fair_value": 3347.730608,
        "relative_strength": 2.67628,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.377043,
        "energy": 72.692992,
        "activity_lines": [
          3820.769027,
          3783.898988,
          3702.150091,
          3651.784309
        ]
      },
      {
        "date": "2024-05-03",
        "close": 3854.956299,
        "volume": 3765,
        "typical_volume": 1553.9,
        "trend": 3589.924512,
        "fair_value": 3350.635351,
        "relative_strength": 1.207972,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.704596,
        "energy": 67.844924,
        "activity_lines": [
          3833.774528,
          3804.876496,
          3721.175491,
          3669.963931
        ]
      },
      {
        "date": "2024-05-10",
        "close": 3998.333984,
        "volume": 644,
        "typical_volume": 1563.75,
        "trend": 3610.698429,
        "fair_value": 3354.441585,
        "relative_strength": 2.13424,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 91.434602,
        "energy": 75.222698,
        "activity_lines": [
          3892.540999,
          3847.14494,
          3752.584375,
          3696.312929
        ]
      },
      {
        "date": "2024-05-17",
        "close": 3998.833252,
        "volume": 36382,
        "typical_volume": 3371.65,
        "trend": 3633.85363,
        "fair_value": 3358.292612,
        "relative_strength": 2.229285,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.925011,
        "energy": 85.216645,
        "activity_lines": [
          3939.317611,
          3882.528298,
          3782.23045,
          3721.353886
        ]
      },
      {
        "date": "2024-05-24",
        "close": 3946.378174,
        "volume": 0,
        "typical_volume": 3220.25,
        "trend": 3656.192871,
        "fair_value": 3361.703418,
        "relative_strength": 2.061171,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.812605,
        "energy": 80.071303,
        "activity_lines": [
          3953.671973,
          3901.689173,
          3805.139436,
          3741.51676
        ]
      },
      {
        "date": "2024-05-31",
        "close": 3958.118408,
        "volume": 470,
        "typical_volume": 3243.6,
        "trend": 3675.551343,
        "fair_value": 3365.035925,
        "relative_strength": 2.785951,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.69316,
        "energy": 77.994017,
        "activity_lines": [
          3961.615251,
          3918.524813,
          3827.630948,
          3760.995826
        ]
      },
      {
        "date": "2024-06-07",
        "close": 3914.155762,
        "volume": 1402,
        "typical_volume": 3313.7,
        "trend": 3693.111336,
        "fair_value": 3367.997047,
        "relative_strength": 1.922654,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.983873,
        "energy": 63.817864,
        "activity_lines": [
          3949.22583,
          3924.074605,
          3844.17395,
          3776.38966
        ]
      },
      {
        "date": "2024-06-14",
        "close": 3692.095703,
        "volume": 30,
        "typical_volume": 3289.05,
        "trend": 3699.697388,
        "fair_value": 3369.942586,
        "relative_strength": -2.68847,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 20.492013,
        "energy": 22.085846,
        "activity_lines": [
          3858.869759,
          3887.619416,
          3837.722333,
          3776.324135
        ]
      },
      {
        "date": "2024-06-21",
        "close": 3751.794678,
        "volume": 38,
        "typical_volume": 3290.95,
        "trend": 3708.764648,
        "fair_value": 3372.014888,
        "relative_strength": -2.201986,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.817068,
        "energy": 25.484406,
        "activity_lines": [
          3808.829232,
          3864.271205,
          3836.329486,
          3779.685251
        ]
      },
      {
        "date": "2024-06-28",
        "close": 3751.794678,
        "volume": 648,
        "typical_volume": 3265.0,
        "trend": 3717.64873,
        "fair_value": 3374.299927,
        "relative_strength": -1.296782,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 7.387359,
        "energy": 27.848148,
        "activity_lines": [
          3775.257943,
          3841.340816,
          3833.911325,
          3782.461382
        ]
      },
      {
        "date": "2024-07-05",
        "close": 3831.976074,
        "volume": 790,
        "typical_volume": 3299.0,
        "trend": 3726.740967,
        "fair_value": 3377.273298,
        "relative_strength": 0.328756,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 3.839875,
        "energy": 25.70173,
        "activity_lines": [
          3781.386019,
          3833.710973,
          3837.871038,
          3789.837339
        ]
      },
      {
        "date": "2024-07-12",
        "close": 3857.953857,
        "volume": 217,
        "typical_volume": 3294.95,
        "trend": 3735.741618,
        "fair_value": 3380.696313,
        "relative_strength": 0.418075,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 15.598144,
        "energy": 17.668082,
        "activity_lines": [
          3804.582845,
          3831.549183,
          3842.941705,
          3798.302687
        ]
      },
      {
        "date": "2024-07-19",
        "close": 3810.744141,
        "volume": 10895,
        "typical_volume": 3839.7,
        "trend": 3742.161133,
        "fair_value": 3383.591166,
        "relative_strength": 0.380808,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 14.038113,
        "energy": 9.785772,
        "activity_lines": [
          3815.789893,
          3820.749308,
          3842.250623,
          3803.14156
        ]
      },
      {
        "date": "2024-07-26",
        "close": 3849.960449,
        "volume": 7143,
        "typical_volume": 4077.85,
        "trend": 3749.388281,
        "fair_value": 3386.842974,
        "relative_strength": -0.15532,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.665484,
        "energy": 21.456895,
        "activity_lines": [
          3832.159147,
          3820.490394,
          3844.360701,
          3810.096354
        ]
      },
      {
        "date": "2024-08-02",
        "close": 3735.308594,
        "volume": 3800,
        "typical_volume": 4260.25,
        "trend": 3753.101766,
        "fair_value": 3389.524628,
        "relative_strength": -1.762295,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 6.411282,
        "energy": 6.234987,
        "activity_lines": [
          3803.766732,
          3802.092467,
          3834.509589,
          3809.187987
        ]
      },
      {
        "date": "2024-08-09",
        "close": 3602.727539,
        "volume": 1037,
        "typical_volume": 4294.0,
        "trend": 3753.58654,
        "fair_value": 3390.966028,
        "relative_strength": -5.095498,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "mixed",
        "direction": -42.248306,
        "energy": 51.427815,
        "activity_lines": [
          3732.279704,
          3763.426523,
          3811.868753,
          3799.486424
        ]
      },
      {
        "date": "2024-08-16",
        "close": 3691.683594,
        "volume": 3097,
        "typical_volume": 4375.25,
        "trend": 3759.093099,
        "fair_value": 3393.172847,
        "relative_strength": -4.36858,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -24.310735,
        "energy": 51.990642,
        "activity_lines": [
          3705.72793,
          3747.396058,
          3798.529903,
          3795.492686
        ]
      },
      {
        "date": "2024-08-23",
        "close": 3730.664307,
        "volume": 64,
        "typical_volume": 4320.4,
        "trend": 3764.766642,
        "fair_value": 3395.522348,
        "relative_strength": -3.500063,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -31.727581,
        "energy": 57.222422,
        "activity_lines": [
          3703.254411,
          3742.497945,
          3789.535876,
          3793.65857
        ]
      },
      {
        "date": "2024-08-30",
        "close": 3766.146973,
        "volume": 705,
        "typical_volume": 4355.6,
        "trend": 3772.422258,
        "fair_value": 3398.190499,
        "relative_strength": -3.118444,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -29.466646,
        "energy": 50.683847,
        "activity_lines": [
          3717.947103,
          3743.349978,
          3784.327462,
          3793.747624
        ]
      },
      {
        "date": "2024-09-06",
        "close": 3713.672607,
        "volume": 11980,
        "typical_volume": 4954.55,
        "trend": 3779.960661,
        "fair_value": 3400.967047,
        "relative_strength": -2.192164,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -29.659361,
        "energy": 25.334069,
        "activity_lines": [
          3720.735905,
          3734.400266,
          3774.162576,
          3789.957324
        ]
      },
      {
        "date": "2024-09-13",
        "close": 3763.648193,
        "volume": 2041,
        "typical_volume": 4257.4,
        "trend": 3787.22491,
        "fair_value": 3404.185542,
        "relative_strength": -1.988239,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -13.345616,
        "energy": 12.547267,
        "activity_lines": [
          3741.625635,
          3735.230154,
          3769.127926,
          3788.904906
        ]
      },
      {
        "date": "2024-09-20",
        "close": 3778.640625,
        "volume": 802,
        "typical_volume": 4109.25,
        "trend": 3793.440234,
        "fair_value": 3407.248959,
        "relative_strength": -1.108289,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -35.300924,
        "energy": 20.791764,
        "activity_lines": [
          3756.784798,
          3740.028263,
          3766.04157,
          3788.351082
        ]
      },
      {
        "date": "2024-09-27",
        "close": 3834.363525,
        "volume": 0,
        "typical_volume": 4077.05,
        "trend": 3800.763631,
        "fair_value": 3410.866361,
        "relative_strength": -0.785587,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -12.855206,
        "energy": 14.940055,
        "activity_lines": [
          3784.721126,
          3756.399867,
          3768.625565,
          3790.991294
        ]
      },
      {
        "date": "2024-10-04",
        "close": 3769.64502,
        "volume": 1151,
        "typical_volume": 2315.5,
        "trend": 3805.380216,
        "fair_value": 3413.819319,
        "relative_strength": -2.018828,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -24.380137,
        "energy": 20.029929,
        "activity_lines": [
          3784.171338,
          3760.575027,
          3765.826704,
          3788.983642
        ]
      },
      {
        "date": "2024-10-11",
        "close": 3791.884277,
        "volume": 4204,
        "typical_volume": 2525.7,
        "trend": 3808.406763,
        "fair_value": 3416.863638,
        "relative_strength": -1.182143,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -11.360294,
        "energy": 15.544086,
        "activity_lines": [
          3790.801432,
          3770.253968,
          3766.237241,
          3788.112936
        ]
      },
      {
        "date": "2024-10-18",
        "close": 3820.370117,
        "volume": 2988,
        "typical_volume": 2651.6,
        "trend": 3809.85166,
        "fair_value": 3420.034562,
        "relative_strength": -1.729193,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 0.909334,
        "energy": 14.405093,
        "activity_lines": [
          3801.712695,
          3784.083505,
          3770.096399,
          3788.884765
        ]
      },
      {
        "date": "2024-10-25",
        "close": 3763.398193,
        "volume": 817,
        "typical_volume": 2622.35,
        "trend": 3807.815519,
        "fair_value": 3422.702688,
        "relative_strength": -1.937615,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -13.426806,
        "energy": 10.674185,
        "activity_lines": [
          3789.851855,
          3783.597372,
          3769.185605,
          3785.887767
        ]
      },
      {
        "date": "2024-11-01",
        "close": 3762.14917,
        "volume": 5335,
        "typical_volume": 2887.6,
        "trend": 3806.020833,
        "fair_value": 3424.682853,
        "relative_strength": -1.131289,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -26.343018,
        "energy": 12.729298,
        "activity_lines": [
          3778.590836,
          3781.580242,
          3768.873749,
          3782.941551
        ]
      },
      {
        "date": "2024-11-08",
        "close": 3662.447998,
        "volume": 0,
        "typical_volume": 2885.7,
        "trend": 3802.276603,
        "fair_value": 3426.079904,
        "relative_strength": -2.475668,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -61.003758,
        "energy": 45.340493,
        "activity_lines": [
          3738.910384,
          3760.863175,
          3758.732955,
          3773.678788
        ]
      },
      {
        "date": "2024-11-15",
        "close": 3697.430908,
        "volume": 3268,
        "typical_volume": 3016.7,
        "trend": 3799.140609,
        "fair_value": 3428.344363,
        "relative_strength": -1.407615,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.771772,
        "energy": 60.035075,
        "activity_lines": [
          3718.03737,
          3748.392072,
          3752.349328,
          3766.914549
        ]
      },
      {
        "date": "2024-11-22",
        "close": 3659.699463,
        "volume": 2592,
        "typical_volume": 3106.8,
        "trend": 3792.032552,
        "fair_value": 3431.118904,
        "relative_strength": -4.672531,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.269795,
        "energy": 73.296262,
        "activity_lines": [
          3690.884098,
          3729.35601,
          3742.631105,
          3757.918346
        ]
      },
      {
        "date": "2024-11-29",
        "close": 3649.954102,
        "volume": 2550,
        "typical_volume": 3223.45,
        "trend": 3785.199146,
        "fair_value": 3433.715784,
        "relative_strength": -5.127287,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.111262,
        "energy": 77.163684,
        "activity_lines": [
          3671.19375,
          3710.438042,
          3732.805116,
          3748.751995
        ]
      },
      {
        "date": "2024-12-06",
        "close": 3727.915771,
        "volume": 19699,
        "typical_volume": 3663.65,
        "trend": 3776.185205,
        "fair_value": 3436.180459,
        "relative_strength": -3.259258,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.12691,
        "energy": 58.763329,
        "activity_lines": [
          3685.053564,
          3708.034677,
          3731.394524,
          3745.056293
        ]
      },
      {
        "date": "2024-12-13",
        "close": 3728.165771,
        "volume": 4220,
        "typical_volume": 3517.5,
        "trend": 3767.162956,
        "fair_value": 3438.814725,
        "relative_strength": -3.057924,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.248782,
        "energy": 37.106801,
        "activity_lines": [
          3701.278939,
          3707.61218,
          3730.402162,
          3741.958265
        ]
      },
      {
        "date": "2024-12-20",
        "close": 3614.471436,
        "volume": 0,
        "typical_volume": 3327.5,
        "trend": 3756.099398,
        "fair_value": 3440.4706,
        "relative_strength": -3.414653,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.346956,
        "energy": 45.202513,
        "activity_lines": [
          3675.225016,
          3687.272155,
          3719.161743,
          3732.107199
        ]
      },
      {
        "date": "2024-12-27",
        "close": 3644.207031,
        "volume": 450,
        "typical_volume": 3298.15,
        "trend": 3745.635685,
        "fair_value": 3442.305886,
        "relative_strength": -3.308097,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.260877,
        "energy": 40.732394,
        "activity_lines": [
          3664.61359,
          3675.564289,
          3711.3287,
          3724.888337
        ]
      },
      {
        "date": "2025-01-03",
        "close": 3658.699707,
        "volume": 17764,
        "typical_volume": 4031.5,
        "trend": 3737.120483,
        "fair_value": 3443.701308,
        "relative_strength": -3.693726,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.9164,
        "energy": 44.653786,
        "activity_lines": [
          3659.865885,
          3669.69442,
          3704.678391,
          3719.279564
        ]
      },
      {
        "date": "2025-01-10",
        "close": 3735.661865,
        "volume": 5152,
        "typical_volume": 4285.9,
        "trend": 3738.572689,
        "fair_value": 3445.281298,
        "relative_strength": -1.88767,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.609111,
        "energy": 28.675964,
        "activity_lines": [
          3680.189193,
          3679.72128,
          3705.514877,
          3719.18546
        ]
      },
      {
        "date": "2025-01-17",
        "close": 3880.34082,
        "volume": 25,
        "typical_volume": 4251.9,
        "trend": 3742.85756,
        "fair_value": 3448.225492,
        "relative_strength": -1.096291,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 23.215092,
        "energy": 21.641124,
        "activity_lines": [
          3748.222412,
          3716.534992,
          3720.106514,
          3728.331791
        ]
      },
      {
        "date": "2025-01-24",
        "close": 3901.330322,
        "volume": 3003,
        "typical_volume": 3803.05,
        "trend": 3747.842082,
        "fair_value": 3451.475418,
        "relative_strength": -0.497541,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 42.059677,
        "energy": 49.694653,
        "activity_lines": [
          3813.107129,
          3753.203289,
          3736.15337,
          3738.55584
        ]
      },
      {
        "date": "2025-01-31",
        "close": 3956.053467,
        "volume": 10597,
        "typical_volume": 4230.85,
        "trend": 3751.977995,
        "fair_value": 3454.964349,
        "relative_strength": -1.063697,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 83.756996,
        "energy": 86.478446,
        "activity_lines": [
          3877.108968,
          3796.113987,
          3756.518346,
          3751.988832
        ]
      },
      {
        "date": "2025-02-07",
        "close": 3974.106689,
        "volume": 7043,
        "typical_volume": 4542.9,
        "trend": 3755.849756,
        "fair_value": 3458.15461,
        "relative_strength": -0.899308,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.142629,
        "energy": 92.253416,
        "activity_lines": [
          3926.338786,
          3836.918834,
          3777.686462,
          3766.319716
        ]
      },
      {
        "date": "2025-02-14",
        "close": 4061.320557,
        "volume": 2221,
        "typical_volume": 4653.95,
        "trend": 3764.202303,
        "fair_value": 3462.526331,
        "relative_strength": 0.882094,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 89.97785,
        "energy": 95.902482,
        "activity_lines": [
          3983.61276,
          3887.687065,
          3806.229869,
          3786.02751
        ]
      },
      {
        "date": "2025-02-21",
        "close": 4038.580078,
        "volume": 2760,
        "typical_volume": 4734.4,
        "trend": 3770.489624,
        "fair_value": 3467.41308,
        "relative_strength": 1.163034,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.95023,
        "energy": 91.574106,
        "activity_lines": [
          4011.595996,
          3928.258758,
          3831.526768,
          3803.729302
        ]
      },
      {
        "date": "2025-02-28",
        "close": 4109.050781,
        "volume": 2388,
        "typical_volume": 4643.6,
        "trend": 3782.947697,
        "fair_value": 3475.471561,
        "relative_strength": 1.189468,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.026765,
        "energy": 93.611105,
        "activity_lines": [
          4052.520182,
          3975.99941,
          3862.25452,
          3825.571957
        ]
      },
      {
        "date": "2025-03-07",
        "close": 4278.730957,
        "volume": 615,
        "typical_volume": 4524.95,
        "trend": 3805.481144,
        "fair_value": 3483.526536,
        "relative_strength": 6.859482,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 95.563462,
        "energy": 97.187852,
        "activity_lines": [
          4136.156396,
          4045.59865,
          3907.631972,
          3857.557974
        ]
      },
      {
        "date": "2025-03-14",
        "close": 4264.486328,
        "volume": 8685,
        "typical_volume": 4918.35,
        "trend": 3824.574569,
        "fair_value": 3490.639002,
        "relative_strength": 7.023831,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 86.218516,
        "energy": 92.640742,
        "activity_lines": [
          4193.532568,
          4101.07116,
          3949.470122,
          3887.171211
        ]
      },
      {
        "date": "2025-03-21",
        "close": 4276.231934,
        "volume": 4889,
        "typical_volume": 4896.05,
        "trend": 3842.760156,
        "fair_value": 3498.050758,
        "relative_strength": 7.057002,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.334292,
        "energy": 91.528702,
        "activity_lines": [
          4235.4653,
          4147.664933,
          3990.040767,
          3916.310396
        ]
      },
      {
        "date": "2025-03-28",
        "close": 4238.99707,
        "volume": 4272,
        "typical_volume": 5109.65,
        "trend": 3858.521826,
        "fair_value": 3504.72303,
        "relative_strength": 5.938386,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.354236,
        "energy": 84.372145,
        "activity_lines": [
          4250.658984,
          4177.660183,
          4024.617221,
          3941.874068
        ]
      },
      {
        "date": "2025-04-04",
        "close": 3952.365723,
        "volume": 11115,
        "typical_volume": 5502.0,
        "trend": 3866.478263,
        "fair_value": 3509.796323,
        "relative_strength": 6.1437,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.433707,
        "energy": 56.912597,
        "activity_lines": [
          4156.947754,
          4149.01962,
          4029.14998,
          3947.928513
        ]
      },
      {
        "date": "2025-04-11",
        "close": 3961.112061,
        "volume": 14714,
        "typical_volume": 6108.1,
        "trend": 3873.060392,
        "fair_value": 3515.05208,
        "relative_strength": 7.478478,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 43.258084,
        "energy": 29.266066,
        "activity_lines": [
          4076.59764,
          4121.041384,
          4033.301749,
          3954.033919
        ]
      },
      {
        "date": "2025-04-18",
        "close": 4111.549805,
        "volume": 2734,
        "typical_volume": 6117.3,
        "trend": 3884.157365,
        "fair_value": 3520.934584,
        "relative_strength": 7.287033,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.88896,
        "energy": 27.53597,
        "activity_lines": [
          4067.568034,
          4120.323491,
          4050.345623,
          3969.420333
        ]
      },
      {
        "date": "2025-04-25",
        "close": 4240.996582,
        "volume": 2371,
        "typical_volume": 5250.9,
        "trend": 3897.7118,
        "fair_value": 3527.808473,
        "relative_strength": 8.701912,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 53.036452,
        "energy": 31.734849,
        "activity_lines": [
          4111.883122,
          4140.64241,
          4077.519687,
          3992.442218
        ]
      },
      {
        "date": "2025-05-02",
        "close": 4328.959961,
        "volume": 28507,
        "typical_volume": 6465.25,
        "trend": 3916.355631,
        "fair_value": 3535.193433,
        "relative_strength": 8.464973,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 74.686804,
        "energy": 47.08885,
        "activity_lines": [
          4187.86836,
          4173.687833,
          4110.627974,
          4020.26468
        ]
      },
      {
        "date": "2025-05-09",
        "close": 4380.188965,
        "volume": 7830,
        "typical_volume": 6856.75,
        "trend": 3935.965788,
        "fair_value": 3542.709981,
        "relative_strength": 10.109243,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.379569,
        "energy": 75.287561,
        "activity_lines": [
          4274.932406,
          4210.767987,
          4145.754289,
          4050.189411
        ]
      },
      {
        "date": "2025-05-16",
        "close": 4424.42041,
        "volume": 2113,
        "typical_volume": 6939.9,
        "trend": 3956.100798,
        "fair_value": 3550.566062,
        "relative_strength": 9.402497,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.803265,
        "energy": 85.971262,
        "activity_lines": [
          4348.218717,
          4250.960436,
          4181.446848,
          4081.702613
        ]
      },
      {
        "date": "2025-05-23",
        "close": 4405.428223,
        "volume": 45408,
        "typical_volume": 8322.1,
        "trend": 3977.501798,
        "fair_value": 3557.4412,
        "relative_strength": 8.377397,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.203398,
        "energy": 84.085751,
        "activity_lines": [
          4384.287077,
          4285.050861,
          4211.615326,
          4110.691479
        ]
      },
      {
        "date": "2025-05-30",
        "close": 4447.660645,
        "volume": 15908,
        "typical_volume": 8859.9,
        "trend": 4000.352181,
        "fair_value": 3564.724658,
        "relative_strength": 8.609234,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.733908,
        "energy": 85.293349,
        "activity_lines": [
          4414.841016,
          4324.257329,
          4242.25009,
          4141.024308
        ]
      },
      {
        "date": "2025-06-06",
        "close": 4480.147461,
        "volume": 11515,
        "typical_volume": 9434.4,
        "trend": 4027.60883,
        "fair_value": 3573.153965,
        "relative_strength": 8.447802,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.5676,
        "energy": 85.754735,
        "activity_lines": [
          4442.446289,
          4366.253605,
          4272.588365,
          4171.978842
        ]
      },
      {
        "date": "2025-06-13",
        "close": 4453.158691,
        "volume": 5996,
        "typical_volume": 9584.05,
        "trend": 4052.799756,
        "fair_value": 3582.06307,
        "relative_strength": 7.419057,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.037271,
        "energy": 70.571671,
        "activity_lines": [
          4450.976139,
          4398.958279,
          4297.500059,
          4199.433672
        ]
      },
      {
        "date": "2025-06-20",
        "close": 4447.910645,
        "volume": 1237,
        "typical_volume": 9116.05,
        "trend": 4079.073462,
        "fair_value": 3590.882529,
        "relative_strength": 7.992361,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.689071,
        "energy": 60.610575,
        "activity_lines": [
          4452.891992,
          4421.603436,
          4319.284186,
          4224.924697
        ]
      },
      {
        "date": "2025-06-27",
        "close": 4503.387695,
        "volume": 4339,
        "typical_volume": 8980.85,
        "trend": 4107.521248,
        "fair_value": 3600.387215,
        "relative_strength": 8.8056,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.588611,
        "energy": 60.854422,
        "activity_lines": [
          4471.73418,
          4445.484446,
          4344.009663,
          4252.299808
        ]
      },
      {
        "date": "2025-07-04",
        "close": 4536.874023,
        "volume": 25328,
        "typical_volume": 10136.2,
        "trend": 4134.486523,
        "fair_value": 3610.359353,
        "relative_strength": 9.106288,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.355457,
        "energy": 65.018971,
        "activity_lines": [
          4495.207845,
          4468.329554,
          4369.40393,
          4279.999987
        ]
      },
      {
        "date": "2025-07-11",
        "close": 4596.849121,
        "volume": 4353,
        "typical_volume": 10215.85,
        "trend": 4163.442635,
        "fair_value": 3621.135147,
        "relative_strength": 8.879895,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.548485,
        "energy": 90.085149,
        "activity_lines": [
          4532.725651,
          4496.699636,
          4398.245569,
          4309.829832
        ]
      },
      {
        "date": "2025-07-18",
        "close": 4598.598633,
        "volume": 12970,
        "typical_volume": 10744.95,
        "trend": 4196.246875,
        "fair_value": 3631.576558,
        "relative_strength": 8.109161,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.297396,
        "energy": 91.132976,
        "activity_lines": [
          4563.046517,
          4520.517099,
          4424.595406,
          4337.904413
        ]
      },
      {
        "date": "2025-07-25",
        "close": 4713.05127,
        "volume": 8981,
        "typical_volume": 11163.25,
        "trend": 4231.875016,
        "fair_value": 3642.554838,
        "relative_strength": 9.011428,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 91.635222,
        "energy": 96.356826,
        "activity_lines": [
          4621.822266,
          4561.173047,
          4459.514313,
          4371.246632
        ]
      },
      {
        "date": "2025-08-01",
        "close": 4444.240234,
        "volume": 21608,
        "typical_volume": 11809.4,
        "trend": 4258.059701,
        "fair_value": 3652.257802,
        "relative_strength": 3.241169,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.700379,
        "energy": 71.827753,
        "activity_lines": [
          4573.318294,
          4547.706428,
          4466.763976,
          4384.947614
        ]
      },
      {
        "date": "2025-08-08",
        "close": 4622.969727,
        "volume": 2611,
        "typical_volume": 11695.5,
        "trend": 4287.636629,
        "fair_value": 3662.715933,
        "relative_strength": 6.782487,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.041252,
        "energy": 62.479372,
        "activity_lines": [
          4588.333985,
          4566.030407,
          4490.179526,
          4408.490196
        ]
      },
      {
        "date": "2025-08-15",
        "close": 4713.459473,
        "volume": 5235,
        "typical_volume": 11743.65,
        "trend": 4315.407251,
        "fair_value": 3674.021422,
        "relative_strength": 8.045492,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.787536,
        "energy": 66.43713,
        "activity_lines": [
          4627.77321,
          4597.619629,
          4520.562014,
          4435.962638
        ]
      },
      {
        "date": "2025-08-22",
        "close": 4772.452637,
        "volume": 239,
        "typical_volume": 11199.85,
        "trend": 4344.444662,
        "fair_value": 3686.284474,
        "relative_strength": 6.980043,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.936543,
        "energy": 68.377783,
        "activity_lines": [
          4679.1028,
          4635.692845,
          4554.303554,
          4465.449437
        ]
      },
      {
        "date": "2025-08-29",
        "close": 4604.222168,
        "volume": 1676,
        "typical_volume": 10547.95,
        "trend": 4366.050285,
        "fair_value": 3697.064182,
        "relative_strength": 4.498982,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.67192,
        "energy": 57.398288,
        "activity_lines": [
          4662.7653,
          4637.373358,
          4568.117969,
          4482.209276
        ]
      },
      {
        "date": "2025-09-05",
        "close": 4562.476563,
        "volume": 1867,
        "typical_volume": 10504.6,
        "trend": 4385.662614,
        "fair_value": 3707.451447,
        "relative_strength": 3.144542,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.778945,
        "energy": 49.762458,
        "activity_lines": [
          4639.767871,
          4628.621733,
          4574.894183,
          4494.881939
        ]
      },
      {
        "date": "2025-09-12",
        "close": 4607.72168,
        "volume": 2600,
        "typical_volume": 10516.05,
        "trend": 4403.875985,
        "fair_value": 3718.05352,
        "relative_strength": 3.153673,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.62425,
        "energy": 36.918783,
        "activity_lines": [
          4623.969727,
          4627.02215,
          4583.832185,
          4509.20833
        ]
      },
      {
        "date": "2025-09-19",
        "close": 4626.719238,
        "volume": 3302,
        "typical_volume": 9255.8,
        "trend": 4423.480623,
        "fair_value": 3729.334365,
        "relative_strength": 4.149016,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 39.449273,
        "energy": 24.019184,
        "activity_lines": [
          4615.520638,
          4627.58853,
          4592.833168,
          4523.585314
        ]
      },
      {
        "date": "2025-09-26",
        "close": 4656.96582,
        "volume": 12980,
        "typical_volume": 9513.3,
        "trend": 4441.744458,
        "fair_value": 3741.42051,
        "relative_strength": 3.892078,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 44.90414,
        "energy": 26.774866,
        "activity_lines": [
          4622.936426,
          4633.111195,
          4603.296877,
          4538.648875
        ]
      },
      {
        "date": "2025-10-03",
        "close": 4718.958984,
        "volume": 16900,
        "typical_volume": 10252.65,
        "trend": 4456.418726,
        "fair_value": 3753.599944,
        "relative_strength": 2.812835,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 65.334742,
        "energy": 40.914137,
        "activity_lines": [
          4658.715722,
          4648.844123,
          4618.346712,
          4556.533684
        ]
      },
      {
        "date": "2025-10-10",
        "close": 4664.464844,
        "volume": 74,
        "typical_volume": 7985.95,
        "trend": 4469.751343,
        "fair_value": 3765.431655,
        "relative_strength": 2.169653,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 53.559608,
        "energy": 38.983117,
        "activity_lines": [
          4668.681185,
          4654.561612,
          4626.804064,
          4569.956014
        ]
      },
      {
        "date": "2025-10-17",
        "close": 4683.212891,
        "volume": 977,
        "typical_volume": 7239.4,
        "trend": 4483.317375,
        "fair_value": 3776.887373,
        "relative_strength": 3.201207,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.377069,
        "energy": 40.997967,
        "activity_lines": [
          4678.096777,
          4659.683754,
          4635.813437,
          4583.727727
        ]
      },
      {
        "date": "2025-10-24",
        "close": 5420.438477,
        "volume": 3679,
        "typical_volume": 6847.6,
        "trend": 4522.698755,
        "fair_value": 3792.662355,
        "relative_strength": 15.3599,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 94.56316,
        "energy": 91.572177,
        "activity_lines": [
          4928.221485,
          4797.75158,
          4713.913093,
          4644.187153
        ]
      },
      {
        "date": "2025-10-31",
        "close": 4796.199707,
        "volume": 923,
        "typical_volume": 6593.95,
        "trend": 4550.826554,
        "fair_value": 3803.478672,
        "relative_strength": 1.187635,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.468824,
        "energy": 69.187188,
        "activity_lines": [
          4917.351986,
          4809.467285,
          4728.083861,
          4661.832375
        ]
      },
      {
        "date": "2025-11-07",
        "close": 4788.700684,
        "volume": 10278,
        "typical_volume": 7046.0,
        "trend": 4578.412842,
        "fair_value": 3813.705931,
        "relative_strength": 1.228391,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.770805,
        "energy": 63.829301,
        "activity_lines": [
          4894.700554,
          4819.387766,
          4739.906908,
          4677.179093
        ]
      },
      {
        "date": "2025-11-14",
        "close": 4950.182129,
        "volume": 2366,
        "typical_volume": 6947.35,
        "trend": 4606.367253,
        "fair_value": 3824.909105,
        "relative_strength": 4.258565,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.921911,
        "energy": 65.190216,
        "activity_lines": [
          4921.226823,
          4855.314356,
          4765.486331,
          4701.164209
        ]
      },
      {
        "date": "2025-11-21",
        "close": 4800.699219,
        "volume": 2651,
        "typical_volume": 5813.5,
        "trend": 4625.024007,
        "fair_value": 3835.078829,
        "relative_strength": 2.549428,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 52.455569,
        "energy": 31.819966,
        "activity_lines": [
          4878.877637,
          4857.013042,
          4774.701693,
          4713.701755
        ]
      },
      {
        "date": "2025-11-28",
        "close": 4903.6875,
        "volume": 4110,
        "typical_volume": 5801.35,
        "trend": 4644.181592,
        "fair_value": 3845.969556,
        "relative_strength": 2.543722,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 46.811383,
        "energy": 29.267001,
        "activity_lines": [
          4863.025456,
          4873.928187,
          4792.469152,
          4731.680045
        ]
      },
      {
        "date": "2025-12-05",
        "close": 4920.185547,
        "volume": 548,
        "typical_volume": 5180.25,
        "trend": 4662.181478,
        "fair_value": 3857.119695,
        "relative_strength": 3.214902,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 48.332044,
        "energy": 32.076558,
        "activity_lines": [
          4887.122689,
          4888.807191,
          4810.346719,
          4749.486751
        ]
      },
      {
        "date": "2025-12-12",
        "close": 4997.926758,
        "volume": 2559,
        "typical_volume": 4859.15,
        "trend": 4681.298356,
        "fair_value": 3869.019459,
        "relative_strength": 4.760196,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.820021,
        "energy": 38.18308,
        "activity_lines": [
          4928.867936,
          4913.035148,
          4834.096845,
          4771.147737
        ]
      },
      {
        "date": "2025-12-19",
        "close": 5069.418457,
        "volume": 2027,
        "typical_volume": 3880.1,
        "trend": 4703.431364,
        "fair_value": 3880.807706,
        "relative_strength": 3.330185,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.775865,
        "energy": 52.516708,
        "activity_lines": [
          4980.495345,
          4945.189453,
          4863.299154,
          4796.187744
        ]
      },
      {
        "date": "2025-12-26",
        "close": 5041.421875,
        "volume": 714,
        "typical_volume": 3785.25,
        "trend": 4723.223405,
        "fair_value": 3892.269235,
        "relative_strength": 2.783909,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.246177,
        "energy": 59.279629,
        "activity_lines": [
          5014.841471,
          4964.890678,
          4886.858082,
          4817.993583
        ]
      },
      {
        "date": "2026-01-02",
        "close": 5096.415527,
        "volume": 1704,
        "typical_volume": 3608.7,
        "trend": 4743.765674,
        "fair_value": 3903.214188,
        "relative_strength": 2.798013,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.747681,
        "energy": 64.783729,
        "activity_lines": [
          5051.470638,
          4988.077859,
          4913.661872,
          4842.070494
        ]
      },
      {
        "date": "2026-01-09",
        "close": 5107.414063,
        "volume": 2984,
        "typical_volume": 3745.95,
        "trend": 4765.574186,
        "fair_value": 3913.642239,
        "relative_strength": 1.053321,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.643418,
        "energy": 62.245828,
        "activity_lines": [
          5078.917448,
          5019.156099,
          4939.689542,
          4865.531681
        ]
      },
      {
        "date": "2026-01-16",
        "close": 5111.413574,
        "volume": 4960,
        "typical_volume": 3910.15,
        "trend": 4787.690951,
        "fair_value": 3924.513672,
        "relative_strength": -0.127399,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.275802,
        "energy": 53.700755,
        "activity_lines": [
          5095.215527,
          5045.303081,
          4964.503062,
          4887.843899
        ]
      },
      {
        "date": "2026-01-23",
        "close": 5048.920898,
        "volume": 3026,
        "typical_volume": 3968.1,
        "trend": 4805.875391,
        "fair_value": 3934.701213,
        "relative_strength": -0.603385,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.806811,
        "energy": 56.608492,
        "activity_lines": [
          5083.116927,
          5054.22025,
          4980.949702,
          4904.697444
        ]
      },
      {
        "date": "2026-01-30",
        "close": 5136.411133,
        "volume": 5323,
        "typical_volume": 4104.25,
        "trend": 4825.859961,
        "fair_value": 3944.827036,
        "relative_strength": 0.148574,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.664636,
        "energy": 79.326171,
        "activity_lines": [
          5101.548242,
          5077.249485,
          5003.412344,
          4926.022331
        ]
      },
      {
        "date": "2026-02-06",
        "close": 5233.399902,
        "volume": 7309,
        "typical_volume": 4304.6,
        "trend": 4847.07832,
        "fair_value": 3955.864302,
        "relative_strength": 0.41562,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.299132,
        "energy": 83.790359,
        "activity_lines": [
          5145.97653,
          5111.809188,
          5032.594443,
          4952.31523
        ]
      },
      {
        "date": "2026-02-13",
        "close": 5139.5,
        "volume": 1776,
        "typical_volume": 3744.4,
        "trend": 4865.108366,
        "fair_value": 3965.85306,
        "relative_strength": -2.209868,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.698842,
        "energy": 77.308581,
        "activity_lines": [
          5149.972558,
          5123.301411,
          5049.944738,
          4971.181145
        ]
      },
      {
        "date": "2026-02-20",
        "close": 5272.0,
        "volume": 4362,
        "typical_volume": 3117.5,
        "trend": 4883.73999,
        "fair_value": 3977.089745,
        "relative_strength": -2.047033,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.19009,
        "energy": 89.837664,
        "activity_lines": [
          5195.996191,
          5154.897008,
          5077.616299,
          4997.432218
        ]
      },
      {
        "date": "2026-02-27",
        "close": 5352.5,
        "volume": 2361,
        "typical_volume": 3231.85,
        "trend": 4914.015316,
        "fair_value": 3988.320638,
        "relative_strength": -2.680105,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 87.156459,
        "energy": 92.211748,
        "activity_lines": [
          5258.147396,
          5196.145818,
          5110.320998,
          5027.674799
        ]
      },
      {
        "date": "2026-03-06",
        "close": 4979.75,
        "volume": 4163,
        "typical_volume": 3391.15,
        "trend": 4925.907992,
        "fair_value": 3997.741547,
        "relative_strength": -3.916136,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 47.510614,
        "energy": 42.113778,
        "activity_lines": [
          5175.809993,
          5164.474964,
          5104.24934,
          5031.915747
        ]
      },
      {
        "date": "2026-03-13",
        "close": 4945.0,
        "volume": 3653,
        "typical_volume": 3389.85,
        "trend": 4933.626009,
        "fair_value": 4008.485943,
        "relative_strength": -4.323004,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 20.442678,
        "energy": 17.346312,
        "activity_lines": [
          5092.333333,
          5127.607235,
          5093.456076,
          5033.147489
        ]
      },
      {
        "date": "2026-03-20",
        "close": 4834.5,
        "volume": 5003,
        "typical_volume": 3593.85,
        "trend": 4935.694255,
        "fair_value": 4018.265899,
        "relative_strength": -3.200819,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -15.175154,
        "energy": 24.740062,
        "activity_lines": [
          4991.25,
          5073.401607,
          5074.402995,
          5026.752263
        ]
      },
      {
        "date": "2026-03-27",
        "close": 4885.5,
        "volume": 3496,
        "typical_volume": 3254.75,
        "trend": 4945.070182,
        "fair_value": 4027.429988,
        "relative_strength": -2.663751,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -26.757768,
        "energy": 38.267753,
        "activity_lines": [
          4927.5,
          5033.430779,
          5060.024674,
          5023.513924
        ]
      },
      {
        "date": "2026-04-03",
        "close": 5092.5,
        "volume": 3025,
        "typical_volume": 3287.7,
        "trend": 4962.73763,
        "fair_value": 4037.764134,
        "relative_strength": -3.088131,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -11.766955,
        "energy": 26.139957,
        "activity_lines": [
          4958.516667,
          5035.203835,
          5064.899691,
          5033.025525
        ]
      },
      {
        "date": "2026-04-10",
        "close": 5263.0,
        "volume": 1959,
        "typical_volume": 3253.1,
        "trend": 4984.580241,
        "fair_value": 4048.685417,
        "relative_strength": -1.391564,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.458365,
        "energy": 17.451532,
        "activity_lines": [
          5063.7,
          5067.184544,
          5085.335098,
          5052.397291
        ]
      },
      {
        "date": "2026-04-17",
        "close": 5333.5,
        "volume": 3674,
        "typical_volume": 3231.3,
        "trend": 5008.1396,
        "fair_value": 4059.992997,
        "relative_strength": -0.711169,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 57.424905,
        "energy": 37.714683,
        "activity_lines": [
          5173.5,
          5109.681818,
          5110.283359,
          5074.908243
        ]
      },
      {
        "date": "2026-04-24",
        "close": 5180.0,
        "volume": 872,
        "typical_volume": 3247.5,
        "trend": 5025.574072,
        "fair_value": 4070.486272,
        "relative_strength": -0.869824,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 52.262535,
        "energy": 42.642599,
        "activity_lines": [
          5206.233333,
          5122.45,
          5118.565846,
          5085.996011
        ]
      },
      {
        "date": "2026-05-01",
        "close": 5264.0,
        "volume": 7525,
        "typical_volume": 3495.8,
        "trend": 5043.742106,
        "fair_value": 4081.711689,
        "relative_strength": 0.868713,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.612185,
        "energy": 54.125183,
        "activity_lines": [
          5243.933333,
          5149.754545,
          5133.611121,
          5101.378329
        ]
      },
      {
        "date": "2026-05-08",
        "close": 5220.0,
        "volume": 14495,
        "typical_volume": 4119.2,
        "trend": 5062.259945,
        "fair_value": 4092.733488,
        "relative_strength": 1.3115,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.433397,
        "energy": 59.249614,
        "activity_lines": [
          5241.733333,
          5169.204545,
          5143.198905,
          5112.749806
        ]
      },
      {
        "date": "2026-05-15",
        "close": 5259.5,
        "volume": 5335,
        "typical_volume": 4350.25,
        "trend": 5081.469515,
        "fair_value": 4103.790803,
        "relative_strength": 2.430487,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.904728,
        "energy": 43.621824,
        "activity_lines": [
          5244.2,
          5198.245455,
          5155.831538,
          5125.474971
        ]
      },
      {
        "date": "2026-05-22",
        "close": 5334.5,
        "volume": 4510,
        "typical_volume": 4490.55,
        "trend": 5078.604899,
        "fair_value": 4115.631413,
        "relative_strength": 1.185283,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.458661,
        "energy": 45.726083,
        "activity_lines": [
          5271.9,
          5235.836364,
          5174.568562,
          5141.799518
        ]
      },
      {
        "date": "2026-05-29",
        "close": 5354.0,
        "volume": 261,
        "typical_volume": 4354.4,
        "trend": 5097.198242,
        "fair_value": 4127.784299,
        "relative_strength": 2.082652,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.840193,
        "energy": 46.758608,
        "activity_lines": [
          5306.033333,
          5269.890909,
          5194.028992,
          5159.566944
        ]
      },
      {
        "date": "2026-06-05",
        "close": 5326.5,
        "volume": 7596,
        "typical_volume": 4486.2,
        "trend": 5115.124886,
        "fair_value": 4139.968991,
        "relative_strength": 1.935373,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.418317,
        "energy": 57.613021,
        "activity_lines": [
          5319.4,
          5289.5,
          5209.696157,
          5174.360606
        ]
      },
      {
        "date": "2026-06-12",
        "close": 5414.0,
        "volume": 906,
        "typical_volume": 4380.2,
        "trend": 5130.585482,
        "fair_value": 4152.364034,
        "relative_strength": 2.530599,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.263229,
        "energy": 71.171469,
        "activity_lines": [
          5357.766667,
          5317.0,
          5232.672433,
          5193.642871
        ]
      },
      {
        "date": "2026-06-19",
        "close": 5533.5,
        "volume": 39,
        "typical_volume": 4116.0,
        "trend": 5155.012174,
        "fair_value": 4166.014907,
        "relative_strength": 5.780717,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.667566,
        "energy": 82.626825,
        "activity_lines": [
          5423.033333,
          5360.381818,
          5265.29119,
          5219.637356
        ]
      },
      {
        "date": "2026-06-26",
        "close": 5511.0,
        "volume": 388,
        "typical_volume": 3769.95,
        "trend": 5175.255924,
        "fair_value": 4178.876479,
        "relative_strength": 3.84984,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.856845,
        "energy": 85.822221,
        "activity_lines": [
          5462.533333,
          5394.754545,
          5293.87619,
          5242.604313
        ]
      },
      {
        "date": "2026-07-03",
        "close": 5608.0,
        "volume": 758,
        "typical_volume": 3719.05,
        "trend": 5198.183073,
        "fair_value": 4193.038529,
        "relative_strength": 3.942278,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 87.088009,
        "energy": 93.948293,
        "activity_lines": [
          5522.6,
          5443.536364,
          5330.377381,
          5270.523285
        ]
      },
      {
        "date": "2026-07-10",
        "close": 5526.5,
        "volume": 5362,
        "typical_volume": 3769.05,
        "trend": 5215.802181,
        "fair_value": 4206.084297,
        "relative_strength": 4.155784,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.643555,
        "energy": 86.860316,
        "activity_lines": [
          5538.566667,
          5469.718182,
          5356.885714,
          5291.705022
        ]
      },
      {
        "date": "2026-07-17",
        "close": 5519.0,
        "volume": 1559,
        "typical_volume": 3728.95,
        "trend": 5230.788232,
        "fair_value": 4218.396902,
        "relative_strength": 2.966596,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.751484,
        "energy": 83.833228,
        "activity_lines": [
          5538.7,
          5489.763636,
          5381.467857,
          5311.266172
        ]
      },
      {
        "date": "2026-07-24",
        "close": 5586.0,
        "volume": 2527,
        "typical_volume": 3647.15,
        "trend": 5248.940837,
        "fair_value": 4231.023746,
        "relative_strength": 2.88457,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.731834,
        "energy": 81.308625,
        "activity_lines": [
          5554.166667,
          5516.554545,
          5411.638095,
          5334.18306
        ]
      },
      {
        "date": "2026-07-31",
        "close": 5692.5,
        "volume": 3414,
        "typical_volume": 3635.2,
        "trend": 5268.810319,
        "fair_value": 4244.747856,
        "relative_strength": 3.441058,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.881466,
        "energy": 71.18009,
        "activity_lines": [
          5601.633333,
          5556.772727,
          5449.064286,
          5362.799781
        ]
      },
      {
        "date": "2026-08-07",
        "close": 5778.0,
        "volume": 2979,
        "typical_volume": 3534.0,
        "trend": 5291.163184,
        "fair_value": 4259.564919,
        "relative_strength": 4.590363,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.711858,
        "energy": 87.55379,
        "activity_lines": [
          5665.5,
          5606.027273,
          5491.07381,
          5395.650728
        ]
      }
    ],
    "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."
    }
  }
}