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      },
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        "date": "2026-07-24",
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        "relative_strength": -2.392743,
        "stage": 3,
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        "modifier": "Early expansion",
        "gate": "up",
        "direction": 96.759199,
        "energy": 98.176099,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
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        "fair_value": 10.217004,
        "relative_strength": 4.084336,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 95.777314,
        "energy": 97.182451,
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      },
      {
        "date": "2026-08-07",
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        "trend": 10.47842,
        "fair_value": 10.222772,
        "relative_strength": -9.976017,
        "stage": 3,
        "regime": "upward_expansion",
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    ],
    "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."
    }
  }
}