{
  "ticker": {
    "uuid": "45c0ca02-4e35-4903-914b-457ff9fdf684",
    "symbol": "VUAA",
    "name": "Vanguard S&P 500 UCITS ETF USD Accumulation",
    "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": 82.592,
    "architecture_energy": 57.983,
    "architecture_maturity": 57.907,
    "architecture_confidence": 72.619,
    "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": 26.33,
        "rotation_up": 52.52,
        "upward_expansion": 79.55,
        "deceleration": 67.59,
        "rotation_down": 27.16,
        "downward_expansion": 8.55
      },
      "activity_lines": [
        145.958666,
        145.198909,
        143.888857,
        141.052602
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 149.860001,
    "trend_reference": 137.810667,
    "distance_from_trend": 0.087434,
    "trend_direction": "Improving",
    "fair_value": 112.674263,
    "distance_from_fair_value": 0.330029,
    "fair_value_direction": "Improving",
    "relative_strength": 3.30888,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.129655,
    "excess_performance": 0.078419,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.087434,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.035278,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.330029,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.004422,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.033089,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.024192,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.129655,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.867474,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1570523,
      "relative_activity": 1.907554,
      "balance": 1.867474,
      "dry_up": 1.362716,
      "accumulation_observations": 4,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.020875,
      "annualized_volatility": 0.129911,
      "from_high_reference": -0.004385,
      "from_low_reference": 0.234025
    },
    "levels": {
      "trend_reference": 137.810667,
      "fair_value_reference": 112.674263,
      "structural_low": 122.558601,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 40,
        "median_return": 0.015385,
        "positive_rate": 0.7,
        "directional_follow_through": 0.7,
        "median_excess_return": 0.003172,
        "regime_survival": 0.825,
        "best_return": 0.065119,
        "worst_return": -0.084926,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 14,
        "median_return": 0.045794,
        "positive_rate": 0.857143,
        "directional_follow_through": 0.857143,
        "median_excess_return": 0.013863,
        "regime_survival": 0.642857,
        "best_return": 0.127043,
        "worst_return": -0.063569,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": 0.083186,
        "positive_rate": 0.875,
        "directional_follow_through": 0.875,
        "median_excess_return": 0.029885,
        "regime_survival": 0.875,
        "best_return": 0.168026,
        "worst_return": -0.157938,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.175717,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.003192,
        "regime_survival": 0.75,
        "best_return": 0.302689,
        "worst_return": -0.091092,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-04-21",
        "end": "2023-08-25",
        "tenure": "Established",
        "return": 0.067316,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-09-01",
        "end": "2023-10-20",
        "tenure": "Developing",
        "return": -0.060007,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2023-10-27",
        "end": "2023-11-03",
        "tenure": "New",
        "return": 0.054812,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-11-10",
        "end": "2023-12-01",
        "tenure": "New",
        "return": 0.04737,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-08",
        "end": "2024-04-19",
        "tenure": "Established",
        "return": 0.091689,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-04-26",
        "end": "2024-05-17",
        "tenure": "New",
        "return": 0.039909,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-24",
        "end": "2025-02-28",
        "tenure": "Extended",
        "return": 0.117718,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-07",
        "end": "2025-04-04",
        "tenure": "Developing",
        "return": -0.088729,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-05-09",
        "tenure": "Developing",
        "return": 0.078596,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-16",
        "end": "2025-06-13",
        "tenure": "Developing",
        "return": 0.015374,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-20",
        "end": "2025-07-11",
        "tenure": "New",
        "return": 0.046512,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-18",
        "end": "2026-02-20",
        "tenure": "Extended",
        "return": 0.099585,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-27",
        "end": "2026-05-01",
        "tenure": "Developing",
        "return": 0.056513,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-08",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": 0.051944,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 81.610001,
        "volume": 174230,
        "typical_volume": 263895.5,
        "trend": 78.677834,
        "fair_value": 75.351603,
        "relative_strength": 11.576805,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.371559,
        "energy": 40.353479,
        "activity_lines": [
          83.466,
          83.654728,
          82.166881,
          80.577688
        ]
      },
      {
        "date": "2023-08-25",
        "close": 82.129997,
        "volume": 162430,
        "typical_volume": 263228.55,
        "trend": 78.897167,
        "fair_value": 75.474552,
        "relative_strength": 10.92012,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 40.108667,
        "energy": 25.291647,
        "activity_lines": [
          82.813333,
          83.417091,
          82.312714,
          80.800409
        ]
      },
      {
        "date": "2023-09-01",
        "close": 84.489998,
        "volume": 288991,
        "typical_volume": 247654.85,
        "trend": 79.124833,
        "fair_value": 75.62609,
        "relative_strength": 11.939452,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 45.721256,
        "energy": 24.112539,
        "activity_lines": [
          83.143332,
          83.618,
          82.654643,
          81.161237
        ]
      },
      {
        "date": "2023-09-08",
        "close": 83.760002,
        "volume": 181867,
        "typical_volume": 242440.5,
        "trend": 79.391167,
        "fair_value": 75.775321,
        "relative_strength": 10.556858,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.942796,
        "energy": 20.324412,
        "activity_lines": [
          83.314666,
          83.627091,
          82.891143,
          81.46028
        ]
      },
      {
        "date": "2023-09-15",
        "close": 83.705002,
        "volume": 198867,
        "typical_volume": 236623.5,
        "trend": 79.670333,
        "fair_value": 75.92593,
        "relative_strength": 6.937728,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.49234,
        "energy": 24.645494,
        "activity_lines": [
          83.527,
          83.612,
          83.089977,
          81.738592
        ]
      },
      {
        "date": "2023-09-22",
        "close": 81.610001,
        "volume": 190173,
        "typical_volume": 236877.95,
        "trend": 79.936,
        "fair_value": 76.071603,
        "relative_strength": 4.458051,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.007217,
        "energy": 18.699798,
        "activity_lines": [
          83.017334,
          83.195,
          83.058929,
          81.863731
        ]
      },
      {
        "date": "2023-09-29",
        "close": 80.849998,
        "volume": 286475,
        "typical_volume": 247049.6,
        "trend": 80.140667,
        "fair_value": 76.202052,
        "relative_strength": 4.359991,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 11.493403,
        "energy": 8.23624,
        "activity_lines": [
          82.254333,
          82.692545,
          82.932834,
          81.922699
        ]
      },
      {
        "date": "2023-10-06",
        "close": 80.269997,
        "volume": 361412,
        "typical_volume": 259158.9,
        "trend": 80.376333,
        "fair_value": 76.315193,
        "relative_strength": 4.981444,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 4.577262,
        "energy": 11.444085,
        "activity_lines": [
          81.383332,
          82.161363,
          82.732262,
          81.931043
        ]
      },
      {
        "date": "2023-10-13",
        "close": 81.309998,
        "volume": 244511,
        "typical_volume": 263577.65,
        "trend": 80.650667,
        "fair_value": 76.431507,
        "relative_strength": 4.688955,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 8.497518,
        "energy": 15.583387,
        "activity_lines": [
          81.140332,
          81.91909,
          82.620905,
          81.991279
        ]
      },
      {
        "date": "2023-10-20",
        "close": 79.419998,
        "volume": 339381,
        "typical_volume": 273357.85,
        "trend": 80.852333,
        "fair_value": 76.54125,
        "relative_strength": 4.805309,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -21.225956,
        "energy": 28.222451,
        "activity_lines": [
          80.430665,
          81.393908,
          82.315071,
          81.911881
        ]
      },
      {
        "date": "2023-10-27",
        "close": 77.720001,
        "volume": 168087,
        "typical_volume": 266623.55,
        "trend": 80.908,
        "fair_value": 76.661571,
        "relative_strength": 4.020308,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -30.78684,
        "energy": 41.474489,
        "activity_lines": [
          79.439999,
          80.63109,
          81.849381,
          81.709795
        ]
      },
      {
        "date": "2023-11-03",
        "close": 81.980003,
        "volume": 379776,
        "typical_volume": 268841.75,
        "trend": 81.103666,
        "fair_value": 76.781122,
        "relative_strength": 7.52415,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -12.980467,
        "energy": 20.276571,
        "activity_lines": [
          80.128667,
          80.713545,
          81.801595,
          81.778957
        ]
      },
      {
        "date": "2023-11-10",
        "close": 82.120003,
        "volume": 173418,
        "typical_volume": 266914.65,
        "trend": 81.276,
        "fair_value": 76.895096,
        "relative_strength": 8.309753,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -15.860566,
        "energy": 13.388747,
        "activity_lines": [
          80.788668,
          80.824182,
          81.770334,
          81.844527
        ]
      },
      {
        "date": "2023-11-17",
        "close": 84.57,
        "volume": 317314,
        "typical_volume": 257253.8,
        "trend": 81.53,
        "fair_value": 77.022757,
        "relative_strength": 9.132339,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 16.951014,
        "energy": 11.039764,
        "activity_lines": [
          82.142001,
          81.423364,
          81.968214,
          82.057043
        ]
      },
      {
        "date": "2023-11-24",
        "close": 85.550003,
        "volume": 1013432,
        "typical_volume": 294745.55,
        "trend": 81.804,
        "fair_value": 77.149327,
        "relative_strength": 10.334957,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 43.100132,
        "energy": 32.062674,
        "activity_lines": [
          83.604669,
          82.186001,
          82.251858,
          82.316398
        ]
      },
      {
        "date": "2023-12-01",
        "close": 86.010002,
        "volume": 319065,
        "typical_volume": 298519.85,
        "trend": 82.109334,
        "fair_value": 77.272821,
        "relative_strength": 10.017134,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 57.846243,
        "energy": 56.108529,
        "activity_lines": [
          84.812002,
          82.998729,
          82.565024,
          82.587753
        ]
      },
      {
        "date": "2023-12-08",
        "close": 86.269997,
        "volume": 368546,
        "typical_volume": 310094.25,
        "trend": 82.424667,
        "fair_value": 77.403141,
        "relative_strength": 9.664386,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.128059,
        "energy": 74.024115,
        "activity_lines": [
          85.553334,
          83.778728,
          82.89581,
          82.856183
        ]
      },
      {
        "date": "2023-12-15",
        "close": 88.769997,
        "volume": 428510,
        "typical_volume": 315886.5,
        "trend": 82.776833,
        "fair_value": 77.543205,
        "relative_strength": 12.105101,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.493461,
        "energy": 82.363024,
        "activity_lines": [
          86.841999,
          84.914727,
          83.458976,
          83.265559
        ]
      },
      {
        "date": "2023-12-22",
        "close": 89.32,
        "volume": 344045,
        "typical_volume": 314736.6,
        "trend": 83.145167,
        "fair_value": 77.686763,
        "relative_strength": 10.600392,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.75521,
        "energy": 90.091249,
        "activity_lines": [
          87.870666,
          85.996182,
          84.06019,
          83.687699
        ]
      },
      {
        "date": "2023-12-29",
        "close": 90.059998,
        "volume": 172527,
        "typical_volume": 305652.85,
        "trend": 83.4855,
        "fair_value": 77.831058,
        "relative_strength": 10.575078,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.795083,
        "energy": 92.543863,
        "activity_lines": [
          88.829332,
          87.066545,
          84.709643,
          84.133817
        ]
      },
      {
        "date": "2024-01-05",
        "close": 88.580002,
        "volume": 328268,
        "typical_volume": 313354.75,
        "trend": 83.762167,
        "fair_value": 77.956507,
        "relative_strength": 8.938159,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.532953,
        "energy": 86.297099,
        "activity_lines": [
          88.994,
          87.674364,
          85.18619,
          84.462495
        ]
      },
      {
        "date": "2024-01-12",
        "close": 89.989998,
        "volume": 322651,
        "typical_volume": 321365.8,
        "trend": 84.006833,
        "fair_value": 78.095096,
        "relative_strength": 11.12496,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.019306,
        "energy": 70.133121,
        "activity_lines": [
          89.457333,
          88.34109,
          85.763833,
          84.86429
        ]
      },
      {
        "date": "2024-01-19",
        "close": 90.400002,
        "volume": 271967,
        "typical_volume": 320514.6,
        "trend": 84.312167,
        "fair_value": 78.229039,
        "relative_strength": 13.512715,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.626354,
        "energy": 54.987862,
        "activity_lines": [
          89.809334,
          88.936727,
          86.343095,
          85.276753
        ]
      },
      {
        "date": "2024-01-26",
        "close": 92.260002,
        "volume": 811165,
        "typical_volume": 351979.5,
        "trend": 84.6215,
        "fair_value": 78.387116,
        "relative_strength": 12.741998,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.662162,
        "energy": 52.897193,
        "activity_lines": [
          90.672668,
          89.72,
          87.071357,
          85.789516
        ]
      },
      {
        "date": "2024-02-02",
        "close": 93.120003,
        "volume": 399019,
        "typical_volume": 361987.1,
        "trend": 84.973834,
        "fair_value": 78.533077,
        "relative_strength": 13.596713,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.795528,
        "energy": 56.882077,
        "activity_lines": [
          91.626668,
          90.519819,
          87.841048,
          86.337807
        ]
      },
      {
        "date": "2024-02-09",
        "close": 94.330002,
        "volume": 272890,
        "typical_volume": 366122.95,
        "trend": 85.301167,
        "fair_value": 78.681795,
        "relative_strength": 15.139602,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.737062,
        "energy": 59.527554,
        "activity_lines": [
          92.780002,
          91.402001,
          88.681144,
          86.941431
        ]
      },
      {
        "date": "2024-02-16",
        "close": 94.739998,
        "volume": 368920,
        "typical_volume": 370245.2,
        "trend": 85.6235,
        "fair_value": 78.832404,
        "relative_strength": 12.976996,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.249086,
        "energy": 56.33814,
        "activity_lines": [
          93.686668,
          92.207455,
          89.499715,
          87.550387
        ]
      },
      {
        "date": "2024-02-23",
        "close": 95.93,
        "volume": 311821,
        "typical_volume": 367765.65,
        "trend": 85.9625,
        "fair_value": 79.002821,
        "relative_strength": 13.851751,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.275421,
        "energy": 63.848312,
        "activity_lines": [
          94.673334,
          93.075273,
          90.365477,
          88.215323
        ]
      },
      {
        "date": "2024-03-01",
        "close": 96.370003,
        "volume": 592675,
        "typical_volume": 385173.85,
        "trend": 86.353167,
        "fair_value": 79.18625,
        "relative_strength": 14.097505,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.599718,
        "energy": 54.833862,
        "activity_lines": [
          95.438001,
          93.89291,
          91.198572,
          88.886775
        ]
      },
      {
        "date": "2024-03-08",
        "close": 97.230003,
        "volume": 374038,
        "typical_volume": 386906.7,
        "trend": 86.815834,
        "fair_value": 79.352981,
        "relative_strength": 14.806386,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.802074,
        "energy": 52.663442,
        "activity_lines": [
          96.215335,
          94.738729,
          92.041858,
          89.588506
        ]
      },
      {
        "date": "2024-03-15",
        "close": 96.389999,
        "volume": 586201,
        "typical_volume": 407812.4,
        "trend": 87.3085,
        "fair_value": 79.514616,
        "relative_strength": 12.326802,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.028253,
        "energy": 46.871511,
        "activity_lines": [
          96.438668,
          95.301456,
          92.720334,
          90.206194
        ]
      },
      {
        "date": "2024-03-22",
        "close": 98.669998,
        "volume": 731904,
        "typical_volume": 425418.8,
        "trend": 87.859834,
        "fair_value": 79.689071,
        "relative_strength": 11.543962,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.705659,
        "energy": 46.370627,
        "activity_lines": [
          97.284667,
          96.136728,
          93.527048,
          90.939194
        ]
      },
      {
        "date": "2024-03-29",
        "close": 99.029999,
        "volume": 202610,
        "typical_volume": 426878.4,
        "trend": 88.3445,
        "fair_value": 79.857628,
        "relative_strength": 11.168663,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.78378,
        "energy": 44.974016,
        "activity_lines": [
          97.988666,
          96.879637,
          94.288572,
          91.65985
        ]
      },
      {
        "date": "2024-04-05",
        "close": 98.010002,
        "volume": 372239,
        "typical_volume": 429624.65,
        "trend": 88.8195,
        "fair_value": 80.008334,
        "relative_strength": 10.115919,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.406477,
        "energy": 39.192961,
        "activity_lines": [
          98.146,
          97.280182,
          94.872429,
          92.283431
        ]
      },
      {
        "date": "2024-04-12",
        "close": 97.260002,
        "volume": 295986,
        "typical_volume": 393752.35,
        "trend": 89.271334,
        "fair_value": 80.145641,
        "relative_strength": 7.680116,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 54.328555,
        "energy": 37.27479,
        "activity_lines": [
          97.944001,
          97.439819,
          95.320858,
          92.827979
        ]
      },
      {
        "date": "2024-04-19",
        "close": 94.18,
        "volume": 344716,
        "typical_volume": 395034.9,
        "trend": 89.690334,
        "fair_value": 80.263302,
        "relative_strength": 5.191956,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 39.685648,
        "energy": 25.448487,
        "activity_lines": [
          96.713334,
          96.964182,
          95.420191,
          93.144667
        ]
      },
      {
        "date": "2024-04-26",
        "close": 96.220001,
        "volume": 448902,
        "typical_volume": 399052.7,
        "trend": 90.202667,
        "fair_value": 80.393141,
        "relative_strength": 3.898579,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.736245,
        "energy": 20.300848,
        "activity_lines": [
          96.310001,
          96.862182,
          95.674905,
          93.565936
        ]
      },
      {
        "date": "2024-05-03",
        "close": 96.620003,
        "volume": 203997,
        "typical_volume": 387827.05,
        "trend": 90.747667,
        "fair_value": 80.519039,
        "relative_strength": 3.066192,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.432012,
        "energy": 16.66318,
        "activity_lines": [
          96.203335,
          96.806001,
          95.920334,
          93.979958
        ]
      },
      {
        "date": "2024-05-10",
        "close": 98.529999,
        "volume": 225516,
        "typical_volume": 381900.6,
        "trend": 91.321667,
        "fair_value": 80.665545,
        "relative_strength": 2.052532,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.300856,
        "energy": 19.909065,
        "activity_lines": [
          96.894001,
          97.084546,
          96.310286,
          94.482044
        ]
      },
      {
        "date": "2024-05-17",
        "close": 100.059998,
        "volume": 390734,
        "typical_volume": 392810.95,
        "trend": 92.009667,
        "fair_value": 80.820705,
        "relative_strength": 3.490251,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 58.282911,
        "energy": 33.535859,
        "activity_lines": [
          98.06,
          97.602,
          96.802096,
          95.045807
        ]
      },
      {
        "date": "2024-05-24",
        "close": 100.239998,
        "volume": 214551,
        "typical_volume": 387125.1,
        "trend": 92.760334,
        "fair_value": 80.971987,
        "relative_strength": 4.642911,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.259934,
        "energy": 43.258068,
        "activity_lines": [
          99.099332,
          98.100727,
          97.263429,
          95.576796
        ]
      },
      {
        "date": "2024-05-31",
        "close": 98.470001,
        "volume": 192849,
        "typical_volume": 380635.0,
        "trend": 93.31,
        "fair_value": 81.110705,
        "relative_strength": 3.07794,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 51.847945,
        "energy": 40.230315,
        "activity_lines": [
          99.144666,
          98.207636,
          97.500667,
          95.945162
        ]
      },
      {
        "date": "2024-06-07",
        "close": 101.339996,
        "volume": 294895,
        "typical_volume": 381781.4,
        "trend": 93.950667,
        "fair_value": 81.26577,
        "relative_strength": 6.17198,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.956338,
        "energy": 49.637921,
        "activity_lines": [
          99.996665,
          98.839999,
          97.970857,
          96.463226
        ]
      },
      {
        "date": "2024-06-14",
        "close": 102.480003,
        "volume": 357716,
        "typical_volume": 359108.95,
        "trend": 94.547667,
        "fair_value": 81.435834,
        "relative_strength": 8.346816,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.273626,
        "energy": 52.342003,
        "activity_lines": [
          100.914,
          99.637636,
          98.497524,
          97.013506
        ]
      },
      {
        "date": "2024-06-21",
        "close": 103.32,
        "volume": 380806,
        "typical_volume": 358198.3,
        "trend": 95.14,
        "fair_value": 81.59875,
        "relative_strength": 7.735511,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.163754,
        "energy": 53.429746,
        "activity_lines": [
          101.848,
          100.506727,
          99.055524,
          97.579463
        ]
      },
      {
        "date": "2024-06-28",
        "close": 104.059998,
        "volume": 1050121,
        "typical_volume": 397059.85,
        "trend": 95.741667,
        "fair_value": 81.759776,
        "relative_strength": 9.173648,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.968428,
        "energy": 59.112888,
        "activity_lines": [
          102.811333,
          101.400181,
          99.635428,
          98.154946
        ]
      },
      {
        "date": "2024-07-05",
        "close": 105.040001,
        "volume": 392995,
        "typical_volume": 398263.6,
        "trend": 96.367334,
        "fair_value": 81.923975,
        "relative_strength": 9.409777,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.22081,
        "energy": 65.828252,
        "activity_lines": [
          103.846667,
          102.292181,
          100.262333,
          98.754839
        ]
      },
      {
        "date": "2024-07-12",
        "close": 106.620003,
        "volume": 342398,
        "typical_volume": 399792.45,
        "trend": 96.962334,
        "fair_value": 82.100193,
        "relative_strength": 10.115304,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.064574,
        "energy": 69.475192,
        "activity_lines": [
          104.970668,
          103.311091,
          100.990667,
          99.416301
        ]
      },
      {
        "date": "2024-07-19",
        "close": 104.400002,
        "volume": 471430,
        "typical_volume": 393730.2,
        "trend": 97.465,
        "fair_value": 82.255129,
        "relative_strength": 8.804291,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.900563,
        "energy": 58.923366,
        "activity_lines": [
          105.002668,
          103.744546,
          101.456667,
          99.896151
        ]
      },
      {
        "date": "2024-07-26",
        "close": 103.120003,
        "volume": 348197,
        "typical_volume": 392438.15,
        "trend": 97.900334,
        "fair_value": 82.402244,
        "relative_strength": 5.559874,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.641105,
        "energy": 46.454616,
        "activity_lines": [
          104.480002,
          103.838547,
          101.762524,
          100.26099
        ]
      },
      {
        "date": "2024-08-02",
        "close": 100.639999,
        "volume": 340984,
        "typical_volume": 380177.3,
        "trend": 98.302334,
        "fair_value": 82.52968,
        "relative_strength": 4.229555,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 41.99037,
        "energy": 27.06502,
        "activity_lines": [
          103.144001,
          103.426001,
          101.804143,
          100.437742
        ]
      },
      {
        "date": "2024-08-09",
        "close": 100.919998,
        "volume": 730369,
        "typical_volume": 380100.55,
        "trend": 98.666667,
        "fair_value": 82.654808,
        "relative_strength": 4.386828,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 33.545118,
        "energy": 17.468087,
        "activity_lines": [
          102.129333,
          103.057091,
          101.852191,
          100.606624
        ]
      },
      {
        "date": "2024-08-16",
        "close": 104.940002,
        "volume": 337931,
        "typical_volume": 386866.6,
        "trend": 99.151334,
        "fair_value": 82.809712,
        "relative_strength": 6.433316,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 40.568124,
        "energy": 19.020208,
        "activity_lines": [
          102.729334,
          103.374546,
          102.272381,
          101.011355
        ]
      },
      {
        "date": "2024-08-23",
        "close": 106.68,
        "volume": 3331801,
        "typical_volume": 534844.7,
        "trend": 99.632,
        "fair_value": 82.9675,
        "relative_strength": 7.702407,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.913196,
        "energy": 25.949457,
        "activity_lines": [
          104.021334,
          103.94291,
          102.830143,
          101.497076
        ]
      },
      {
        "date": "2024-08-30",
        "close": 106.019997,
        "volume": 1410324,
        "typical_volume": 590561.6,
        "trend": 100.062,
        "fair_value": 83.116891,
        "relative_strength": 6.182844,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 53.791763,
        "energy": 30.541387,
        "activity_lines": [
          104.941332,
          104.314909,
          103.283762,
          101.909204
        ]
      },
      {
        "date": "2024-09-06",
        "close": 102.879997,
        "volume": 336125,
        "typical_volume": 590132.05,
        "trend": 100.347,
        "fair_value": 83.252404,
        "relative_strength": 5.261745,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 47.957386,
        "energy": 27.743652,
        "activity_lines": [
          104.621332,
          104.066908,
          103.396619,
          102.091011
        ]
      },
      {
        "date": "2024-09-13",
        "close": 106.720001,
        "volume": 395081,
        "typical_volume": 587441.0,
        "trend": 100.746334,
        "fair_value": 83.41702,
        "relative_strength": 7.627391,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 54.711997,
        "energy": 31.67524,
        "activity_lines": [
          105.431999,
          104.538545,
          103.833762,
          102.502172
        ]
      },
      {
        "date": "2024-09-20",
        "close": 107.879997,
        "volume": 289200,
        "typical_volume": 591701.15,
        "trend": 101.144667,
        "fair_value": 83.588814,
        "relative_strength": 8.932284,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.355847,
        "energy": 36.756669,
        "activity_lines": [
          106.242665,
          105.190544,
          104.331381,
          102.962408
        ]
      },
      {
        "date": "2024-09-27",
        "close": 109.059998,
        "volume": 454640,
        "typical_volume": 603157.35,
        "trend": 101.567667,
        "fair_value": 83.782436,
        "relative_strength": 8.492074,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.32997,
        "energy": 38.828549,
        "activity_lines": [
          107.250665,
          106.03418,
          104.887761,
          103.473075
        ]
      },
      {
        "date": "2024-10-04",
        "close": 108.339996,
        "volume": 768231,
        "typical_volume": 622032.2,
        "trend": 101.938,
        "fair_value": 83.961731,
        "relative_strength": 7.89146,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.863437,
        "energy": 46.210319,
        "activity_lines": [
          107.859997,
          106.66218,
          105.325428,
          103.909999
        ]
      },
      {
        "date": "2024-10-11",
        "close": 110.300003,
        "volume": 998342,
        "typical_volume": 661221.75,
        "trend": 102.401666,
        "fair_value": 84.145834,
        "relative_strength": 9.737657,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.411298,
        "energy": 50.394576,
        "activity_lines": [
          108.967999,
          107.551635,
          105.910333,
          104.449483
        ]
      },
      {
        "date": "2024-10-18",
        "close": 111.18,
        "volume": 563361,
        "typical_volume": 679747.35,
        "trend": 102.818667,
        "fair_value": 84.327564,
        "relative_strength": 8.786993,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.459685,
        "energy": 51.351405,
        "activity_lines": [
          109.874666,
          108.425454,
          106.531142,
          105.015828
        ]
      },
      {
        "date": "2024-10-25",
        "close": 110.919998,
        "volume": 314271,
        "typical_volume": 680716.15,
        "trend": 103.215,
        "fair_value": 84.500192,
        "relative_strength": 9.493287,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.829012,
        "energy": 49.032779,
        "activity_lines": [
          110.397333,
          109.065453,
          107.066666,
          105.538494
        ]
      },
      {
        "date": "2024-11-01",
        "close": 109.339996,
        "volume": 468025,
        "typical_volume": 686231.6,
        "trend": 103.592666,
        "fair_value": 84.649487,
        "relative_strength": 8.484667,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.672843,
        "energy": 38.261419,
        "activity_lines": [
          110.190665,
          109.309453,
          107.406094,
          105.933655
        ]
      },
      {
        "date": "2024-11-08",
        "close": 113.860001,
        "volume": 1064113,
        "typical_volume": 720396.95,
        "trend": 104.146,
        "fair_value": 84.830769,
        "relative_strength": 13.911968,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.935216,
        "energy": 49.847272,
        "activity_lines": [
          111.471999,
          110.326908,
          108.143332,
          106.596064
        ]
      },
      {
        "date": "2024-11-15",
        "close": 111.699997,
        "volume": 632139,
        "typical_volume": 699497.85,
        "trend": 104.73,
        "fair_value": 84.99484,
        "relative_strength": 11.42596,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.07424,
        "energy": 35.980856,
        "activity_lines": [
          111.665332,
          110.809089,
          108.624666,
          107.083419
        ]
      },
      {
        "date": "2024-11-22",
        "close": 113.120003,
        "volume": 672691,
        "typical_volume": 713482.65,
        "trend": 105.293333,
        "fair_value": 85.18125,
        "relative_strength": 9.746583,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.04567,
        "energy": 36.659739,
        "activity_lines": [
          112.238666,
          111.38909,
          109.204856,
          107.624709
        ]
      },
      {
        "date": "2024-11-29",
        "close": 114.68,
        "volume": 1817642,
        "typical_volume": 787244.85,
        "trend": 105.895333,
        "fair_value": 85.383942,
        "relative_strength": 10.510372,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.789264,
        "energy": 44.997386,
        "activity_lines": [
          113.202667,
          112.136363,
          109.895142,
          108.2303
        ]
      },
      {
        "date": "2024-12-06",
        "close": 115.779999,
        "volume": 1220405,
        "typical_volume": 824693.6,
        "trend": 106.470333,
        "fair_value": 85.576763,
        "relative_strength": 10.856133,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.086644,
        "energy": 44.050726,
        "activity_lines": [
          114.282667,
          112.96,
          110.651809,
          108.868021
        ]
      },
      {
        "date": "2024-12-13",
        "close": 115.120003,
        "volume": 670815,
        "typical_volume": 840824.5,
        "trend": 106.972333,
        "fair_value": 85.769776,
        "relative_strength": 9.972243,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.656653,
        "energy": 45.615572,
        "activity_lines": [
          114.713334,
          113.541455,
          111.291428,
          109.426064
        ]
      },
      {
        "date": "2024-12-20",
        "close": 113.199997,
        "volume": 801059,
        "typical_volume": 863828.25,
        "trend": 107.404333,
        "fair_value": 85.940289,
        "relative_strength": 10.618741,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.067666,
        "energy": 34.912408,
        "activity_lines": [
          114.42,
          113.650545,
          111.691047,
          109.827849
        ]
      },
      {
        "date": "2024-12-27",
        "close": 113.519997,
        "volume": 287472,
        "typical_volume": 841683.4,
        "trend": 107.906,
        "fair_value": 86.107917,
        "relative_strength": 9.663558,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.60277,
        "energy": 30.326302,
        "activity_lines": [
          114.133332,
          113.76509,
          112.061332,
          110.222408
        ]
      },
      {
        "date": "2025-01-03",
        "close": 112.68,
        "volume": 540387,
        "typical_volume": 851806.2,
        "trend": 108.284,
        "fair_value": 86.280673,
        "relative_strength": 7.514818,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 37.858668,
        "energy": 20.48659,
        "activity_lines": [
          113.539999,
          113.684363,
          112.291618,
          110.530408
        ]
      },
      {
        "date": "2025-01-10",
        "close": 110.68,
        "volume": 474097,
        "typical_volume": 708921.0,
        "trend": 108.557333,
        "fair_value": 86.445545,
        "relative_strength": 5.036665,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 31.12951,
        "energy": 14.069404,
        "activity_lines": [
          112.413333,
          113.207999,
          112.294571,
          110.684989
        ]
      },
      {
        "date": "2025-01-17",
        "close": 114.260002,
        "volume": 493233,
        "typical_volume": 663066.45,
        "trend": 108.922,
        "fair_value": 86.651507,
        "relative_strength": 4.952986,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 33.830107,
        "energy": 14.555776,
        "activity_lines": [
          112.82,
          113.358182,
          112.619428,
          111.052903
        ]
      },
      {
        "date": "2025-01-24",
        "close": 116.459999,
        "volume": 1813421,
        "typical_volume": 736931.25,
        "trend": 109.335333,
        "fair_value": 86.885545,
        "relative_strength": 6.750213,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 47.412258,
        "energy": 20.779365,
        "activity_lines": [
          114.017333,
          113.901091,
          113.114571,
          111.539225
        ]
      },
      {
        "date": "2025-01-31",
        "close": 116.279999,
        "volume": 575610,
        "typical_volume": 745957.7,
        "trend": 109.71,
        "fair_value": 87.104583,
        "relative_strength": 4.292508,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 47.709886,
        "energy": 23.437692,
        "activity_lines": [
          114.937333,
          114.324727,
          113.527904,
          111.987268
        ]
      },
      {
        "date": "2025-02-07",
        "close": 115.080002,
        "volume": 637222,
        "typical_volume": 763358.8,
        "trend": 109.992,
        "fair_value": 87.314904,
        "relative_strength": 2.783426,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 44.820523,
        "energy": 24.149433,
        "activity_lines": [
          115.273334,
          114.472727,
          113.781428,
          112.33372
        ]
      },
      {
        "date": "2025-02-14",
        "close": 116.440002,
        "volume": 592247,
        "typical_volume": 770239.15,
        "trend": 110.393333,
        "fair_value": 87.549263,
        "relative_strength": 3.454852,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.150906,
        "energy": 28.791273,
        "activity_lines": [
          115.902668,
          114.860728,
          114.130191,
          112.74972
        ]
      },
      {
        "date": "2025-02-21",
        "close": 115.959999,
        "volume": 606163,
        "typical_volume": 762135.75,
        "trend": 110.821333,
        "fair_value": 87.779519,
        "relative_strength": 3.752132,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 47.204142,
        "energy": 26.517906,
        "activity_lines": [
          115.988,
          115.149455,
          114.398095,
          113.10886
        ]
      },
      {
        "date": "2025-02-28",
        "close": 112.040001,
        "volume": 790231,
        "typical_volume": 751730.2,
        "trend": 111.201333,
        "fair_value": 87.992596,
        "relative_strength": -1.490927,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 29.325013,
        "energy": 13.451811,
        "activity_lines": [
          114.653334,
          114.710182,
          114.256381,
          113.187484
        ]
      },
      {
        "date": "2025-03-07",
        "close": 108.419998,
        "volume": 1809353,
        "typical_volume": 814029.8,
        "trend": 111.451333,
        "fair_value": 88.188045,
        "relative_strength": -3.218998,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 6.034959,
        "energy": 5.897903,
        "activity_lines": [
          112.406666,
          113.633818,
          113.761619,
          113.008043
        ]
      },
      {
        "date": "2025-03-14",
        "close": 106.980003,
        "volume": 1793060,
        "typical_volume": 887969.25,
        "trend": 111.519333,
        "fair_value": 88.352276,
        "relative_strength": -3.96626,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -17.577573,
        "energy": 16.276858,
        "activity_lines": [
          110.204001,
          112.388364,
          113.142857,
          112.71957
        ]
      },
      {
        "date": "2025-03-21",
        "close": 107.650002,
        "volume": 983564,
        "typical_volume": 913746.2,
        "trend": 111.551666,
        "fair_value": 88.510417,
        "relative_strength": -3.528084,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -16.666938,
        "energy": 24.519398,
        "activity_lines": [
          108.764668,
          111.368364,
          112.606667,
          112.469936
        ]
      },
      {
        "date": "2025-03-28",
        "close": 106.68,
        "volume": 517824,
        "typical_volume": 886431.75,
        "trend": 111.573666,
        "fair_value": 88.661186,
        "relative_strength": -4.512146,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -29.130639,
        "energy": 37.601859,
        "activity_lines": [
          107.588001,
          110.227092,
          111.986143,
          112.155635
        ]
      },
      {
        "date": "2025-04-04",
        "close": 98.800003,
        "volume": 1410732,
        "typical_volume": 925361.4,
        "trend": 111.437667,
        "fair_value": 88.763365,
        "relative_strength": -4.917856,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -71.352141,
        "energy": 61.151068,
        "activity_lines": [
          104.403335,
          107.79091,
          110.649334,
          111.331527
        ]
      },
      {
        "date": "2025-04-11",
        "close": 100.260002,
        "volume": 2852093,
        "typical_volume": 1034331.5,
        "trend": 111.222333,
        "fair_value": 88.884199,
        "relative_strength": -2.474484,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.581067,
        "energy": 60.259835,
        "activity_lines": [
          102.588002,
          105.941274,
          109.513001,
          110.610388
        ]
      },
      {
        "date": "2025-04-18",
        "close": 100.959999,
        "volume": 504517,
        "typical_volume": 968675.25,
        "trend": 110.991667,
        "fair_value": 89.020865,
        "relative_strength": -5.528363,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.708791,
        "energy": 58.098223,
        "activity_lines": [
          101.550001,
          104.510183,
          108.504572,
          109.948301
        ]
      },
      {
        "date": "2025-04-25",
        "close": 104.620003,
        "volume": 503722,
        "typical_volume": 932841.1,
        "trend": 110.843667,
        "fair_value": 89.193622,
        "relative_strength": -3.815104,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.362871,
        "energy": 52.730886,
        "activity_lines": [
          102.133335,
          104.001274,
          107.910049,
          109.537226
        ]
      },
      {
        "date": "2025-05-02",
        "close": 108.220001,
        "volume": 497972,
        "typical_volume": 924198.95,
        "trend": 110.839667,
        "fair_value": 89.400801,
        "relative_strength": -2.720886,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.089191,
        "energy": 30.017071,
        "activity_lines": [
          104.118668,
          104.36182,
          107.711525,
          109.367958
        ]
      },
      {
        "date": "2025-05-09",
        "close": 108.139999,
        "volume": 410721,
        "typical_volume": 904682.05,
        "trend": 110.767667,
        "fair_value": 89.619904,
        "relative_strength": -2.458972,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -36.922728,
        "energy": 17.979283,
        "activity_lines": [
          105.974667,
          104.848546,
          107.538239,
          109.193786
        ]
      },
      {
        "date": "2025-05-16",
        "close": 113.18,
        "volume": 598772,
        "typical_volume": 920247.05,
        "trend": 110.834333,
        "fair_value": 89.888301,
        "relative_strength": 0.390082,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -17.200857,
        "energy": 15.57014,
        "activity_lines": [
          108.888,
          106.322546,
          107.869048,
          109.34942
        ]
      },
      {
        "date": "2025-05-23",
        "close": 110.779999,
        "volume": 653487,
        "typical_volume": 925902.05,
        "trend": 110.829667,
        "fair_value": 90.111955,
        "relative_strength": -2.210122,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -19.435889,
        "energy": 18.786384,
        "activity_lines": [
          110.14,
          107.273637,
          107.972905,
          109.345914
        ]
      },
      {
        "date": "2025-05-30",
        "close": 112.519997,
        "volume": 465039,
        "typical_volume": 925449.15,
        "trend": 110.935667,
        "fair_value": 90.350545,
        "relative_strength": -1.425412,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 13.750064,
        "energy": 17.187821,
        "activity_lines": [
          111.317332,
          108.472,
          108.251524,
          109.454968
        ]
      },
      {
        "date": "2025-06-06",
        "close": 114.519997,
        "volume": 583002,
        "typical_volume": 929937.6,
        "trend": 110.957667,
        "fair_value": 90.623878,
        "relative_strength": -0.514953,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 19.960792,
        "energy": 21.84343,
        "activity_lines": [
          112.634665,
          109.945454,
          108.711857,
          109.686215
        ]
      },
      {
        "date": "2025-06-13",
        "close": 114.919998,
        "volume": 450567,
        "typical_volume": 861794.9,
        "trend": 111.065,
        "fair_value": 90.926571,
        "relative_strength": -0.370347,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 21.107157,
        "energy": 30.17031,
        "activity_lines": [
          113.665331,
          111.34909,
          109.209047,
          109.941849
        ]
      },
      {
        "date": "2025-06-20",
        "close": 114.379997,
        "volume": 350635,
        "typical_volume": 850546.15,
        "trend": 111.107,
        "fair_value": 91.201186,
        "relative_strength": -0.05346,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 20.035919,
        "energy": 29.094348,
        "activity_lines": [
          114.063997,
          112.361453,
          109.662142,
          110.15572
        ]
      },
      {
        "date": "2025-06-27",
        "close": 118.160004,
        "volume": 438602,
        "typical_volume": 840615.15,
        "trend": 111.223,
        "fair_value": 91.512724,
        "relative_strength": 2.862002,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 28.191697,
        "energy": 36.72754,
        "activity_lines": [
          115.642666,
          113.804363,
          110.484286,
          110.610753
        ]
      },
      {
        "date": "2025-07-04",
        "close": 119.379997,
        "volume": 547746,
        "typical_volume": 838390.1,
        "trend": 111.343,
        "fair_value": 91.815224,
        "relative_strength": 3.530477,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 39.366225,
        "energy": 45.327375,
        "activity_lines": [
          117.135999,
          115.156362,
          111.407952,
          111.137011
        ]
      },
      {
        "date": "2025-07-11",
        "close": 119.699997,
        "volume": 521760,
        "typical_volume": 834169.95,
        "trend": 111.495666,
        "fair_value": 92.126635,
        "relative_strength": 2.365104,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 66.391302,
        "energy": 60.388283,
        "activity_lines": [
          118.278665,
          116.29818,
          112.348094,
          111.676172
        ]
      },
      {
        "date": "2025-07-18",
        "close": 120.5,
        "volume": 390335,
        "typical_volume": 814175.15,
        "trend": 111.739,
        "fair_value": 92.429327,
        "relative_strength": 2.374503,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.70009,
        "energy": 64.701479,
        "activity_lines": [
          119.342666,
          117.376726,
          113.346618,
          112.257096
        ]
      },
      {
        "date": "2025-07-25",
        "close": 122.080002,
        "volume": 346558,
        "typical_volume": 741035.4,
        "trend": 112.024333,
        "fair_value": 92.727917,
        "relative_strength": 2.117917,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.866655,
        "energy": 67.441308,
        "activity_lines": [
          120.561333,
          118.517817,
          114.455333,
          112.924258
        ]
      },
      {
        "date": "2025-08-01",
        "close": 119.300003,
        "volume": 585732,
        "typical_volume": 680669.0,
        "trend": 112.245,
        "fair_value": 93.005737,
        "relative_strength": 0.237275,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.45756,
        "energy": 56.328886,
        "activity_lines": [
          120.340001,
          118.991636,
          115.234238,
          113.393656
        ]
      },
      {
        "date": "2025-08-08",
        "close": 122.0,
        "volume": 520646,
        "typical_volume": 657523.1,
        "trend": 112.622333,
        "fair_value": 93.285737,
        "relative_strength": 2.042301,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.669256,
        "energy": 48.585309,
        "activity_lines": [
          120.942668,
          119.801455,
          116.211619,
          114.023011
        ]
      },
      {
        "date": "2025-08-15",
        "close": 123.580002,
        "volume": 406721,
        "typical_volume": 651967.95,
        "trend": 112.933,
        "fair_value": 93.577532,
        "relative_strength": 2.740489,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.531579,
        "energy": 45.430335,
        "activity_lines": [
          121.897335,
          120.726182,
          117.271143,
          114.729957
        ]
      },
      {
        "date": "2025-08-22",
        "close": 124.059998,
        "volume": 432155,
        "typical_volume": 603039.1,
        "trend": 113.186333,
        "fair_value": 93.885289,
        "relative_strength": 1.046534,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.539406,
        "energy": 43.404425,
        "activity_lines": [
          122.753334,
          121.573455,
          118.295904,
          115.447828
        ]
      },
      {
        "date": "2025-08-29",
        "close": 123.639999,
        "volume": 471067,
        "typical_volume": 483987.8,
        "trend": 113.431667,
        "fair_value": 94.202789,
        "relative_strength": 2.055002,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.594494,
        "energy": 43.065687,
        "activity_lines": [
          123.232,
          122.178182,
          119.160381,
          116.122258
        ]
      },
      {
        "date": "2025-09-05",
        "close": 124.0,
        "volume": 466900,
        "typical_volume": 482106.95,
        "trend": 113.729,
        "fair_value": 94.517404,
        "relative_strength": 1.987237,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.8099,
        "energy": 42.412969,
        "activity_lines": [
          123.726666,
          122.68,
          119.947809,
          116.804086
        ]
      },
      {
        "date": "2025-09-12",
        "close": 126.160004,
        "volume": 826635,
        "typical_volume": 498252.6,
        "trend": 114.053,
        "fair_value": 94.869519,
        "relative_strength": 2.820986,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.469026,
        "energy": 42.743602,
        "activity_lines": [
          124.628001,
          123.468364,
          120.831238,
          117.606086
        ]
      },
      {
        "date": "2025-09-19",
        "close": 127.120003,
        "volume": 645512,
        "typical_volume": 505629.6,
        "trend": 114.425,
        "fair_value": 95.246635,
        "relative_strength": 4.248243,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.497598,
        "energy": 44.343672,
        "activity_lines": [
          125.572002,
          124.308001,
          121.703524,
          118.449119
        ]
      },
      {
        "date": "2025-09-26",
        "close": 126.959999,
        "volume": 741681,
        "typical_volume": 522177.6,
        "trend": 114.922334,
        "fair_value": 95.625865,
        "relative_strength": 3.268261,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.722308,
        "energy": 43.574068,
        "activity_lines": [
          126.226668,
          124.983637,
          122.470572,
          119.257828
        ]
      },
      {
        "date": "2025-10-03",
        "close": 129.259995,
        "volume": 464782,
        "typical_volume": 515478.1,
        "trend": 115.617,
        "fair_value": 96.019455,
        "relative_strength": 2.771691,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.201906,
        "energy": 45.153197,
        "activity_lines": [
          127.454666,
          125.96,
          123.367048,
          120.182839
        ]
      },
      {
        "date": "2025-10-10",
        "close": 127.199997,
        "volume": 1085485,
        "typical_volume": 537078.0,
        "trend": 116.291,
        "fair_value": 96.405288,
        "relative_strength": 1.799229,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.883773,
        "energy": 40.465379,
        "activity_lines": [
          127.621331,
          126.431272,
          123.990762,
          120.930129
        ]
      },
      {
        "date": "2025-10-17",
        "close": 126.82,
        "volume": 954998,
        "typical_volume": 561575.95,
        "trend": 116.93,
        "fair_value": 96.779327,
        "relative_strength": 2.248202,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 54.562341,
        "energy": 35.954457,
        "activity_lines": [
          127.447998,
          126.689817,
          124.500095,
          121.609419
        ]
      },
      {
        "date": "2025-10-24",
        "close": 128.940002,
        "volume": 516419,
        "typical_volume": 558246.8,
        "trend": 117.672,
        "fair_value": 97.147468,
        "relative_strength": 0.832695,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.371699,
        "energy": 36.227618,
        "activity_lines": [
          127.937333,
          127.246181,
          125.143238,
          122.384258
        ]
      },
      {
        "date": "2025-10-31",
        "close": 131.220001,
        "volume": 948994,
        "typical_volume": 583168.15,
        "trend": 118.752667,
        "fair_value": 97.545417,
        "relative_strength": 1.838959,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.321068,
        "energy": 36.501006,
        "activity_lines": [
          129.065333,
          128.119636,
          125.934857,
          123.258322
        ]
      },
      {
        "date": "2025-11-07",
        "close": 127.559998,
        "volume": 790740,
        "typical_volume": 605173.4,
        "trend": 119.662666,
        "fair_value": 97.893814,
        "relative_strength": -0.51247,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.909717,
        "energy": 31.103692,
        "activity_lines": [
          128.689333,
          128.197454,
          126.300286,
          123.826537
        ]
      },
      {
        "date": "2025-11-14",
        "close": 129.660004,
        "volume": 726925,
        "typical_volume": 619589.55,
        "trend": 120.619333,
        "fair_value": 98.25484,
        "relative_strength": 1.031518,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.769777,
        "energy": 32.324306,
        "activity_lines": [
          129.126668,
          128.585818,
          126.802953,
          124.471527
        ]
      },
      {
        "date": "2025-11-21",
        "close": 126.099998,
        "volume": 874275,
        "typical_volume": 635916.0,
        "trend": 121.335333,
        "fair_value": 98.584808,
        "relative_strength": -0.03915,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 39.260735,
        "energy": 23.511528,
        "activity_lines": [
          128.213334,
          128.224,
          126.91181,
          124.825118
        ]
      },
      {
        "date": "2025-11-28",
        "close": 131.279999,
        "volume": 1254212,
        "typical_volume": 672538.6,
        "trend": 122.104,
        "fair_value": 98.945128,
        "relative_strength": 2.18088,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.304014,
        "energy": 28.533096,
        "activity_lines": [
          129.074666,
          128.805091,
          127.482,
          125.46671
        ]
      },
      {
        "date": "2025-12-05",
        "close": 131.860001,
        "volume": 1219432,
        "typical_volume": 713993.45,
        "trend": 122.894666,
        "fair_value": 99.318269,
        "relative_strength": 3.244594,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.74653,
        "energy": 30.036172,
        "activity_lines": [
          129.973333,
          129.416,
          128.052286,
          126.096129
        ]
      },
      {
        "date": "2025-12-12",
        "close": 130.880005,
        "volume": 584571,
        "typical_volume": 725894.1,
        "trend": 123.484667,
        "fair_value": 99.699872,
        "relative_strength": 2.714081,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.940547,
        "energy": 28.130666,
        "activity_lines": [
          130.502668,
          129.759637,
          128.475143,
          126.611312
        ]
      },
      {
        "date": "2025-12-19",
        "close": 131.220001,
        "volume": 1433988,
        "typical_volume": 768306.9,
        "trend": 124.166,
        "fair_value": 100.085128,
        "relative_strength": 0.50522,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 53.18922,
        "energy": 32.273578,
        "activity_lines": [
          130.924002,
          130.135638,
          128.888477,
          127.110366
        ]
      },
      {
        "date": "2025-12-26",
        "close": 132.720001,
        "volume": 235664,
        "typical_volume": 754057.8,
        "trend": 124.839333,
        "fair_value": 100.480192,
        "relative_strength": 2.000957,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.507414,
        "energy": 33.71787,
        "activity_lines": [
          131.741335,
          130.711274,
          129.387905,
          127.662237
        ]
      },
      {
        "date": "2026-01-02",
        "close": 131.639999,
        "volume": 717523,
        "typical_volume": 769597.9,
        "trend": 125.41,
        "fair_value": 100.863782,
        "relative_strength": 0.422772,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.879043,
        "energy": 28.097106,
        "activity_lines": [
          131.757334,
          130.983274,
          129.733429,
          128.10099
        ]
      },
      {
        "date": "2026-01-09",
        "close": 133.619995,
        "volume": 536617,
        "typical_volume": 774821.0,
        "trend": 126.033333,
        "fair_value": 101.247885,
        "relative_strength": 0.218734,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 54.202551,
        "energy": 29.208663,
        "activity_lines": [
          132.409332,
          131.566182,
          130.229143,
          128.630667
        ]
      },
      {
        "date": "2026-01-16",
        "close": 133.619995,
        "volume": 693062,
        "typical_volume": 785920.75,
        "trend": 126.674667,
        "fair_value": 101.635962,
        "relative_strength": -0.810241,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.967678,
        "energy": 29.078651,
        "activity_lines": [
          132.943997,
          132.105453,
          130.679333,
          129.120129
        ]
      },
      {
        "date": "2026-01-23",
        "close": 133.020004,
        "volume": 1495510,
        "typical_volume": 837351.25,
        "trend": 127.17,
        "fair_value": 102.004359,
        "relative_strength": -0.276003,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.91979,
        "energy": 26.287179,
        "activity_lines": [
          133.095999,
          132.425454,
          131.024857,
          129.529505
        ]
      },
      {
        "date": "2026-01-30",
        "close": 133.320007,
        "volume": 2053141,
        "typical_volume": 898676.55,
        "trend": 127.634667,
        "fair_value": 102.361154,
        "relative_strength": -0.781212,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.910013,
        "energy": 26.043842,
        "activity_lines": [
          133.228002,
          132.73891,
          131.356001,
          129.92628
        ]
      },
      {
        "date": "2026-02-06",
        "close": 132.660004,
        "volume": 1251276,
        "typical_volume": 928964.75,
        "trend": 128.066667,
        "fair_value": 102.725833,
        "relative_strength": -2.603436,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.926038,
        "energy": 22.946346,
        "activity_lines": [
          133.100003,
          132.801092,
          131.590191,
          130.250495
        ]
      },
      {
        "date": "2026-02-13",
        "close": 131.880005,
        "volume": 613819,
        "typical_volume": 922571.65,
        "trend": 128.446001,
        "fair_value": 103.088333,
        "relative_strength": -3.786114,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 35.066159,
        "energy": 16.582078,
        "activity_lines": [
          132.644004,
          132.696366,
          131.723716,
          130.496517
        ]
      },
      {
        "date": "2026-02-20",
        "close": 132.5,
        "volume": 595780,
        "typical_volume": 929121.55,
        "trend": 128.793334,
        "fair_value": 103.465641,
        "relative_strength": -5.371486,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 32.739428,
        "energy": 14.658984,
        "activity_lines": [
          132.51067,
          132.704002,
          131.892858,
          130.758065
        ]
      },
      {
        "date": "2026-02-27",
        "close": 132.360001,
        "volume": 747338,
        "typical_volume": 912214.2,
        "trend": 129.228667,
        "fair_value": 103.835192,
        "relative_strength": -7.32981,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 30.569637,
        "energy": 12.89826,
        "activity_lines": [
          132.405336,
          132.656729,
          132.033239,
          130.988173
        ]
      },
      {
        "date": "2026-03-06",
        "close": 129.960007,
        "volume": 3658181,
        "typical_volume": 1047373.35,
        "trend": 129.494001,
        "fair_value": 104.199039,
        "relative_strength": -3.494255,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 24.59146,
        "energy": 10.480819,
        "activity_lines": [
          131.544004,
          132.152367,
          131.920478,
          131.035356
        ]
      },
      {
        "date": "2026-03-13",
        "close": 128.059998,
        "volume": 1103568,
        "typical_volume": 1076730.8,
        "trend": 129.643334,
        "fair_value": 104.551475,
        "relative_strength": -4.698639,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 7.404173,
        "energy": 6.608046,
        "activity_lines": [
          130.273335,
          131.35273,
          131.611811,
          130.94284
        ]
      },
      {
        "date": "2026-03-20",
        "close": 126.160004,
        "volume": 756621,
        "typical_volume": 1067112.15,
        "trend": 129.713334,
        "fair_value": 104.889872,
        "relative_strength": -2.90521,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -16.032255,
        "energy": 16.321457,
        "activity_lines": [
          128.676002,
          130.27273,
          131.126383,
          130.718109
        ]
      },
      {
        "date": "2026-03-27",
        "close": 123.519997,
        "volume": 1357691,
        "typical_volume": 1095459.7,
        "trend": 129.709334,
        "fair_value": 105.194167,
        "relative_strength": -5.415309,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -23.017865,
        "energy": 31.196696,
        "activity_lines": [
          126.580001,
          128.848365,
          130.41362,
          130.318539
        ]
      },
      {
        "date": "2026-04-03",
        "close": 126.620003,
        "volume": 764261,
        "typical_volume": 1097326.5,
        "trend": 129.796668,
        "fair_value": 105.517949,
        "relative_strength": -7.379727,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -25.278986,
        "energy": 36.609359,
        "activity_lines": [
          126.116001,
          128.171275,
          130.015335,
          130.119227
        ]
      },
      {
        "date": "2026-04-10",
        "close": 131.639999,
        "volume": 672709,
        "typical_volume": 1087248.2,
        "trend": 129.979334,
        "fair_value": 105.868526,
        "relative_strength": -5.1755,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -16.590122,
        "energy": 22.393825,
        "activity_lines": [
          127.708,
          128.523274,
          130.10962,
          130.238152
        ]
      },
      {
        "date": "2026-04-17",
        "close": 137.5,
        "volume": 1721949,
        "typical_volume": 1110635.05,
        "trend": 130.325334,
        "fair_value": 106.256667,
        "relative_strength": -1.676968,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 25.164702,
        "energy": 11.798069,
        "activity_lines": [
          131.141334,
          129.971274,
          130.73562,
          130.723356
        ]
      },
      {
        "date": "2026-04-24",
        "close": 137.619995,
        "volume": 751888,
        "typical_volume": 1087257.85,
        "trend": 130.680667,
        "fair_value": 106.643141,
        "relative_strength": 1.021645,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 57.451904,
        "energy": 34.647543,
        "activity_lines": [
          133.985332,
          131.353091,
          131.343429,
          131.193979
        ]
      },
      {
        "date": "2026-05-01",
        "close": 139.839996,
        "volume": 489265,
        "typical_volume": 1082492.55,
        "trend": 131.033334,
        "fair_value": 107.046923,
        "relative_strength": 2.665825,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 65.741328,
        "energy": 56.789182,
        "activity_lines": [
          136.805331,
          133.034181,
          132.135238,
          131.784904
        ]
      },
      {
        "date": "2026-05-08",
        "close": 142.460007,
        "volume": 1093954,
        "typical_volume": 1065490.85,
        "trend": 131.542001,
        "fair_value": 107.467757,
        "relative_strength": 5.728103,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.874951,
        "energy": 74.748919,
        "activity_lines": [
          139.410667,
          135.058182,
          133.133906,
          132.522108
        ]
      },
      {
        "date": "2026-05-15",
        "close": 143.300003,
        "volume": 1073109,
        "typical_volume": 1107363.1,
        "trend": 132.091334,
        "fair_value": 107.885032,
        "relative_strength": 6.585504,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.542474,
        "energy": 79.428871,
        "activity_lines": [
          141.240001,
          137.051273,
          134.159049,
          133.280689
        ]
      },
      {
        "date": "2026-05-22",
        "close": 144.520004,
        "volume": 592082,
        "typical_volume": 1101091.05,
        "trend": 132.610668,
        "fair_value": 108.309712,
        "relative_strength": 4.542823,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.538771,
        "energy": 82.749138,
        "activity_lines": [
          142.698669,
          139.023638,
          135.250001,
          134.082539
        ]
      },
      {
        "date": "2026-05-29",
        "close": 146.339996,
        "volume": 1195161,
        "typical_volume": 1134018.25,
        "trend": 133.114668,
        "fair_value": 108.73593,
        "relative_strength": 6.248456,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.667362,
        "energy": 87.941563,
        "activity_lines": [
          144.296001,
          141.027637,
          136.452953,
          134.968302
        ]
      },
      {
        "date": "2026-06-05",
        "close": 144.520004,
        "volume": 83061,
        "typical_volume": 1103518.2,
        "trend": 133.680001,
        "fair_value": 109.147725,
        "relative_strength": 5.194032,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.279744,
        "energy": 85.943394,
        "activity_lines": [
          144.705335,
          142.333819,
          137.422001,
          135.70413
        ]
      },
      {
        "date": "2026-06-12",
        "close": 143.559998,
        "volume": 127437,
        "typical_volume": 1035114.55,
        "trend": 134.143334,
        "fair_value": 109.538173,
        "relative_strength": 3.352713,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.277406,
        "energy": 81.034134,
        "activity_lines": [
          144.482667,
          143.083637,
          138.247715,
          136.341549
        ]
      },
      {
        "date": "2026-06-19",
        "close": 144.679993,
        "volume": 47813,
        "typical_volume": 934848.15,
        "trend": 134.762667,
        "fair_value": 109.94484,
        "relative_strength": 5.107488,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.53849,
        "energy": 76.673424,
        "activity_lines": [
          144.559998,
          143.72909,
          139.129905,
          137.021334
        ]
      },
      {
        "date": "2026-06-26",
        "close": 142.419998,
        "volume": 225230,
        "typical_volume": 883545.85,
        "trend": 135.134001,
        "fair_value": 110.325866,
        "relative_strength": 2.022475,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.795525,
        "energy": 52.830515,
        "activity_lines": [
          143.791997,
          143.726544,
          139.742762,
          137.515355
        ]
      },
      {
        "date": "2026-07-03",
        "close": 144.820007,
        "volume": 68372,
        "typical_volume": 856273.5,
        "trend": 135.566001,
        "fair_value": 110.725032,
        "relative_strength": 2.076024,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.426718,
        "energy": 49.509941,
        "activity_lines": [
          143.964,
          144.070909,
          140.537715,
          138.140259
        ]
      },
      {
        "date": "2026-07-10",
        "close": 145.919998,
        "volume": 1714578,
        "typical_volume": 912213.4,
        "trend": 136.067334,
        "fair_value": 111.118686,
        "relative_strength": 4.553974,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.843567,
        "energy": 56.948695,
        "activity_lines": [
          144.604,
          144.484364,
          141.37581,
          138.808258
        ]
      },
      {
        "date": "2026-07-17",
        "close": 144.300003,
        "volume": 851257,
        "typical_volume": 917409.35,
        "trend": 136.503334,
        "fair_value": 111.498366,
        "relative_strength": 2.356216,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.404876,
        "energy": 53.111778,
        "activity_lines": [
          144.610668,
          144.492728,
          141.995715,
          139.339398
        ]
      },
      {
        "date": "2026-07-24",
        "close": 143.800003,
        "volume": 1023361,
        "typical_volume": 785668.35,
        "trend": 136.872667,
        "fair_value": 111.870417,
        "relative_strength": 0.710131,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.86944,
        "energy": 50.517556,
        "activity_lines": [
          144.401336,
          144.376728,
          142.511143,
          139.810151
        ]
      },
      {
        "date": "2026-07-31",
        "close": 143.539993,
        "volume": 1042652,
        "typical_volume": 782622.55,
        "trend": 137.269334,
        "fair_value": 112.247917,
        "relative_strength": -0.699505,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 47.160987,
        "energy": 41.142248,
        "activity_lines": [
          144.163999,
          144.204363,
          142.935905,
          140.240301
        ]
      },
      {
        "date": "2026-08-07",
        "close": 149.860001,
        "volume": 1570523,
        "typical_volume": 823317.65,
        "trend": 137.810667,
        "fair_value": 112.674263,
        "relative_strength": 3.30888,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.591924,
        "energy": 57.983133,
        "activity_lines": [
          145.958666,
          145.198909,
          143.888857,
          141.052602
        ]
      }
    ],
    "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."
    }
  }
}