{
  "ticker": {
    "uuid": "4aca5f5f-c455-4fda-8951-f834ee5bf31a",
    "symbol": "688370",
    "name": "Shanghai Conglin Environmental Protection Technology Co., Ltd.",
    "exchange": "SHH",
    "country": "CN",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "000001.SS",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -52.266,
    "architecture_energy": 34.813,
    "architecture_maturity": 53.198,
    "architecture_confidence": 77.729,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 28.33,
        "rotation_up": 24.51,
        "upward_expansion": 4.56,
        "deceleration": 59.4,
        "rotation_down": 40.51,
        "downward_expansion": 73.22
      },
      "activity_lines": [
        21.484666,
        21.488335,
        22.222615,
        23.150168
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 22.26,
    "trend_reference": 24.594664,
    "distance_from_trend": -0.094926,
    "trend_direction": "Weakening",
    "fair_value": 21.56999,
    "distance_from_fair_value": 0.031989,
    "fair_value_direction": "Weakening",
    "relative_strength": -11.080415,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.253521,
    "excess_performance": -0.210317,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.094926,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.040453,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.031989,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.124892,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.110804,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.051402,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.253521,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.900354,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2328001,
      "relative_activity": 0.6475,
      "balance": 0.900354,
      "dry_up": 0.838236,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.08959,
      "annualized_volatility": 0.394164,
      "from_high_reference": -0.310623,
      "from_low_reference": 0.135714
    },
    "levels": {
      "trend_reference": 24.594664,
      "fair_value_reference": 21.56999,
      "structural_low": 19.6,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 10,
        "median_return": -0.027565,
        "positive_rate": 0.4,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.002229,
        "regime_survival": 0.8,
        "best_return": 0.183463,
        "worst_return": -0.075604,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.116679,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": 0.045813,
        "regime_survival": 0.5,
        "best_return": 0.2491,
        "worst_return": -0.131238,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.143197,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.057763,
        "regime_survival": 0.333333,
        "best_return": 0.443454,
        "worst_return": -0.083881,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.209064,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.034085,
        "regime_survival": 0.0,
        "best_return": 0.370823,
        "worst_return": 0.047305,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-11-08",
        "end": "2025-01-03",
        "tenure": "Developing",
        "return": -0.112676,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-10",
        "end": "2025-03-28",
        "tenure": "Developing",
        "return": 0.027778,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-04",
        "end": "2025-04-18",
        "tenure": "New",
        "return": -0.046282,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-25",
        "end": "2025-05-16",
        "tenure": "New",
        "return": 0.012855,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.122207,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-18",
        "end": "2025-10-24",
        "tenure": "Established",
        "return": 0.259647,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-31",
        "end": "2025-12-12",
        "tenure": "Developing",
        "return": -0.116888,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-12-19",
        "end": "2025-12-26",
        "tenure": "New",
        "return": 0.049534,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-01-02",
        "end": "2026-01-23",
        "tenure": "New",
        "return": 0.141567,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-30",
        "end": "2026-03-13",
        "tenure": "Developing",
        "return": -0.130114,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-03-20",
        "end": "2026-04-03",
        "tenure": "New",
        "return": 0.039763,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-04-10",
        "end": "2026-05-01",
        "tenure": "New",
        "return": 0.018646,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-05-08",
        "end": "2026-05-22",
        "tenure": "New",
        "return": -0.001962,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-05-29",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.007857,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-07-28",
        "close": 26.987661,
        "volume": 6070261,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-08-04",
        "close": 26.51689,
        "volume": 2150940,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-08-11",
        "close": 25.834753,
        "volume": 1560511,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-08-18",
        "close": 25.748283,
        "volume": 1577059,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-08-25",
        "close": 25.200651,
        "volume": 3972948,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-01",
        "close": 26.199841,
        "volume": 3478893,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-08",
        "close": 25.690639,
        "volume": 2162438,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-15",
        "close": 25.805931,
        "volume": 966409,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-22",
        "close": 25.84436,
        "volume": 1265405,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-29",
        "close": 25.834753,
        "volume": 755524,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-13",
        "close": 25.066149,
        "volume": 1430894,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-20",
        "close": 24.124605,
        "volume": 1135319,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-27",
        "close": 24.14382,
        "volume": 1284504,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-03",
        "close": 24.239897,
        "volume": 1168599,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-10",
        "close": 24.230288,
        "volume": 1022620,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-17",
        "close": 24.691454,
        "volume": 1130531,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-24",
        "close": 24.77792,
        "volume": 1052117,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-01",
        "close": 24.653023,
        "volume": 1086267,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-08",
        "close": 23.519327,
        "volume": 1271695,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-15",
        "close": 23.625011,
        "volume": 706069,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-22",
        "close": 23.31757,
        "volume": 760390,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-29",
        "close": 23.730696,
        "volume": 916885,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-05",
        "close": 23.567366,
        "volume": 754965,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-12",
        "close": 23.307962,
        "volume": 922297,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-19",
        "close": 22.126232,
        "volume": 899004,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-26",
        "close": 22.020548,
        "volume": 1106977,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-02",
        "close": 17.533813,
        "volume": 2567533,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-09",
        "close": 17.101471,
        "volume": 2238871,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-23",
        "close": 18.206343,
        "volume": 2878533,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-01",
        "close": 18.427317,
        "volume": 3958771,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-08",
        "close": 17.735573,
        "volume": 1541794,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-15",
        "close": 18.369673,
        "volume": 1794800,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-22",
        "close": 18.369673,
        "volume": 2791249,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-29",
        "close": 18.0238,
        "volume": 1263471,
        "typical_volume": 1533241.95,
        "trend": 22.649524,
        "fair_value": 24.229903,
        "relative_strength": -22.24806,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.002899,
        "energy": 59.730976,
        "activity_lines": [
          18.173678,
          18.280759,
          19.946411,
          21.144896
        ]
      },
      {
        "date": "2024-04-05",
        "close": 18.312025,
        "volume": 1087215,
        "typical_volume": 1536471.7,
        "trend": 22.419903,
        "fair_value": 24.156843,
        "relative_strength": -21.369561,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.36116,
        "energy": 49.760059,
        "activity_lines": [
          18.215951,
          18.193591,
          19.655485,
          20.865057
        ]
      },
      {
        "date": "2024-04-12",
        "close": 17.005398,
        "volume": 1771759,
        "typical_volume": 1568533.1,
        "trend": 22.113421,
        "fair_value": 24.06963,
        "relative_strength": -25.404366,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.89259,
        "energy": 58.405248,
        "activity_lines": [
          17.830367,
          17.938205,
          19.2683,
          20.515734
        ]
      },
      {
        "date": "2024-04-19",
        "close": 15.986994,
        "volume": 2154264,
        "typical_volume": 1623640.45,
        "trend": 21.789966,
        "fair_value": 23.972249,
        "relative_strength": -30.522957,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.719481,
        "energy": 63.387423,
        "activity_lines": [
          17.153994,
          17.588839,
          18.820724,
          20.120481
        ]
      },
      {
        "date": "2024-04-26",
        "close": 16.688347,
        "volume": 1260406,
        "typical_volume": 1632347.4,
        "trend": 21.486047,
        "fair_value": 23.885536,
        "relative_strength": -27.644222,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.680791,
        "energy": 59.865414,
        "activity_lines": [
          16.87025,
          17.395115,
          18.481806,
          19.791344
        ]
      },
      {
        "date": "2024-05-03",
        "close": 17.322449,
        "volume": 711958,
        "typical_volume": 1604360.55,
        "trend": 21.201983,
        "fair_value": 23.808323,
        "relative_strength": -24.953671,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.704544,
        "energy": 58.27962,
        "activity_lines": [
          16.909962,
          17.324194,
          18.241205,
          19.522725
        ]
      },
      {
        "date": "2024-05-10",
        "close": 17.476168,
        "volume": 1281723,
        "typical_volume": 1633143.25,
        "trend": 20.923364,
        "fair_value": 23.734693,
        "relative_strength": -25.1208,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.962818,
        "energy": 71.496305,
        "activity_lines": [
          17.047671,
          17.297293,
          18.044753,
          19.28235
        ]
      },
      {
        "date": "2024-05-17",
        "close": 17.649105,
        "volume": 1028787,
        "typical_volume": 1646563.1,
        "trend": 20.676129,
        "fair_value": 23.664744,
        "relative_strength": -24.02901,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.113337,
        "energy": 52.738832,
        "activity_lines": [
          17.298749,
          17.319128,
          17.894052,
          19.071107
        ]
      },
      {
        "date": "2024-05-24",
        "close": 17.015003,
        "volume": 1384900,
        "typical_volume": 1669963.85,
        "trend": 20.439142,
        "fair_value": 23.589179,
        "relative_strength": -24.810834,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.761889,
        "energy": 46.49206,
        "activity_lines": [
          17.295546,
          17.227245,
          17.709952,
          18.834906
        ]
      },
      {
        "date": "2024-05-31",
        "close": 16.67874,
        "volume": 1396059,
        "typical_volume": 1702018.55,
        "trend": 20.190306,
        "fair_value": 23.511534,
        "relative_strength": -25.803603,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.893729,
        "energy": 51.261278,
        "activity_lines": [
          17.111721,
          17.098853,
          17.525807,
          18.592299
        ]
      },
      {
        "date": "2024-06-07",
        "close": 15.707449,
        "volume": 1547709,
        "typical_volume": 1733289.15,
        "trend": 19.905891,
        "fair_value": 23.424822,
        "relative_strength": -28.802092,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -82.094558,
        "energy": 64.123474,
        "activity_lines": [
          16.604773,
          16.824606,
          17.281961,
          18.303082
        ]
      },
      {
        "date": "2024-06-14",
        "close": 16.070456,
        "volume": 1210694,
        "typical_volume": 1748873.65,
        "trend": 19.633897,
        "fair_value": 23.344004,
        "relative_strength": -26.2344,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.025686,
        "energy": 64.724752,
        "activity_lines": [
          16.326494,
          16.658477,
          17.10888,
          18.055635
        ]
      },
      {
        "date": "2024-06-21",
        "close": 15.92329,
        "volume": 1006413,
        "typical_volume": 1743845.45,
        "trend": 19.341625,
        "fair_value": 23.263344,
        "relative_strength": -25.612318,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.769773,
        "energy": 72.825995,
        "activity_lines": [
          16.092874,
          16.506346,
          16.950621,
          17.816241
        ]
      },
      {
        "date": "2024-06-28",
        "close": 15.658394,
        "volume": 970046,
        "typical_volume": 1663971.1,
        "trend": 19.037641,
        "fair_value": 23.181571,
        "relative_strength": -25.642652,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.988919,
        "energy": 73.867982,
        "activity_lines": [
          15.886009,
          16.325727,
          16.796167,
          17.578613
        ]
      },
      {
        "date": "2024-07-05",
        "close": 15.128598,
        "volume": 799218,
        "typical_volume": 1591988.45,
        "trend": 18.72016,
        "fair_value": 23.095901,
        "relative_strength": -27.231179,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -79.69174,
        "energy": 70.687713,
        "activity_lines": [
          15.592986,
          16.054755,
          16.600188,
          17.326417
        ]
      },
      {
        "date": "2024-07-12",
        "close": 15.589717,
        "volume": 863115,
        "typical_volume": 1491217.55,
        "trend": 18.455839,
        "fair_value": 23.016888,
        "relative_strength": -25.003025,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.633081,
        "energy": 60.596799,
        "activity_lines": [
          15.557013,
          15.895983,
          16.457519,
          17.124453
        ]
      },
      {
        "date": "2024-07-19",
        "close": 15.452362,
        "volume": 568850,
        "typical_volume": 1321721.5,
        "trend": 18.183418,
        "fair_value": 22.938091,
        "relative_strength": -25.377878,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.948827,
        "energy": 61.81856,
        "activity_lines": [
          15.483103,
          15.743741,
          16.314229,
          16.93068
        ]
      },
      {
        "date": "2024-07-26",
        "close": 15.579906,
        "volume": 632054,
        "typical_volume": 1276234.5,
        "trend": 17.925496,
        "fair_value": 22.862234,
        "relative_strength": -21.843409,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.831658,
        "energy": 57.948105,
        "activity_lines": [
          15.492915,
          15.651486,
          16.197252,
          16.762712
        ]
      },
      {
        "date": "2024-08-02",
        "close": 15.638771,
        "volume": 901573,
        "typical_volume": 1231573.15,
        "trend": 17.655765,
        "fair_value": 22.788525,
        "relative_strength": -21.330372,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.135739,
        "energy": 50.448953,
        "activity_lines": [
          15.54524,
          15.607555,
          16.096147,
          16.615181
        ]
      },
      {
        "date": "2024-08-09",
        "close": 15.550472,
        "volume": 582680,
        "typical_volume": 1121144.7,
        "trend": 17.388535,
        "fair_value": 22.715413,
        "relative_strength": -19.964406,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.285353,
        "energy": 46.403294,
        "activity_lines": [
          15.56944,
          15.572592,
          15.999636,
          16.479356
        ]
      },
      {
        "date": "2024-08-16",
        "close": 15.687826,
        "volume": 1149546,
        "typical_volume": 1115448.45,
        "trend": 17.13453,
        "fair_value": 22.645137,
        "relative_strength": -19.141476,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.48579,
        "energy": 36.274865,
        "activity_lines": [
          15.6113,
          15.583116,
          15.929632,
          16.369632
        ]
      },
      {
        "date": "2024-08-23",
        "close": 14.922566,
        "volume": 740313,
        "typical_volume": 1098103.35,
        "trend": 16.894408,
        "fair_value": 22.568676,
        "relative_strength": -21.769084,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.379124,
        "energy": 48.565879,
        "activity_lines": [
          15.391533,
          15.454859,
          15.797869,
          16.226925
        ]
      },
      {
        "date": "2024-08-30",
        "close": 15.540661,
        "volume": 847533,
        "typical_volume": 1051892.05,
        "trend": 16.678412,
        "fair_value": 22.499774,
        "relative_strength": -17.526904,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.255631,
        "energy": 39.299091,
        "activity_lines": [
          15.413117,
          15.459854,
          15.741113,
          16.139587
        ]
      },
      {
        "date": "2024-09-06",
        "close": 15.354251,
        "volume": 589444,
        "typical_volume": 973651.05,
        "trend": 16.60576,
        "fair_value": 22.4304,
        "relative_strength": -15.610788,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.229838,
        "energy": 42.164034,
        "activity_lines": [
          15.375181,
          15.437913,
          15.673578,
          16.054157
        ]
      },
      {
        "date": "2024-09-13",
        "close": 15.187464,
        "volume": 582885,
        "typical_volume": 939775.0,
        "trend": 16.54196,
        "fair_value": 22.360756,
        "relative_strength": -13.931581,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.769168,
        "energy": 48.24267,
        "activity_lines": [
          15.300618,
          15.391177,
          15.593172,
          15.962654
        ]
      },
      {
        "date": "2024-09-20",
        "close": 15.265953,
        "volume": 325018,
        "typical_volume": 920428.0,
        "trend": 16.443947,
        "fair_value": 22.293187,
        "relative_strength": -13.844613,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.579326,
        "energy": 39.429434,
        "activity_lines": [
          15.276417,
          15.357641,
          15.527389,
          15.880331
        ]
      },
      {
        "date": "2024-09-27",
        "close": 16.511953,
        "volume": 2017802,
        "typical_volume": 957231.95,
        "trend": 16.380101,
        "fair_value": 22.238647,
        "relative_strength": -16.672891,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -14.289772,
        "energy": 9.919253,
        "activity_lines": [
          15.695675,
          15.556537,
          15.590064,
          15.884718
        ]
      },
      {
        "date": "2024-10-04",
        "close": 18.425102,
        "volume": 2774123,
        "typical_volume": 1044498.75,
        "trend": 16.403086,
        "fair_value": 22.203006,
        "relative_strength": -13.247299,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 44.652082,
        "energy": 42.323085,
        "activity_lines": [
          16.646691,
          16.084013,
          15.839536,
          16.016654
        ]
      },
      {
        "date": "2024-10-11",
        "close": 17.973795,
        "volume": 7407939,
        "typical_volume": 1345650.7,
        "trend": 16.38989,
        "fair_value": 22.163847,
        "relative_strength": -11.521803,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 37.130303,
        "energy": 48.728102,
        "activity_lines": [
          17.254974,
          16.477703,
          16.042331,
          16.11799
        ]
      },
      {
        "date": "2024-10-18",
        "close": 18.366236,
        "volume": 1937713,
        "typical_volume": 1372733.4,
        "trend": 16.389775,
        "fair_value": 22.129007,
        "relative_strength": -10.12422,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 48.038947,
        "energy": 70.826828,
        "activity_lines": [
          17.819435,
          16.900291,
          16.277936,
          16.245496
        ]
      },
      {
        "date": "2024-10-25",
        "close": 18.778297,
        "volume": 2147215,
        "typical_volume": 1402708.7,
        "trend": 16.414925,
        "fair_value": 22.098546,
        "relative_strength": -8.496841,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 50.177207,
        "energy": 78.621894,
        "activity_lines": [
          18.309331,
          17.346603,
          16.544749,
          16.399594
        ]
      },
      {
        "date": "2024-11-01",
        "close": 18.317181,
        "volume": 2978604,
        "typical_volume": 1491104.2,
        "trend": 16.415097,
        "fair_value": 22.064479,
        "relative_strength": -9.314895,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 66.500193,
        "energy": 80.205567,
        "activity_lines": [
          18.411366,
          17.652885,
          16.753023,
          16.522321
        ]
      },
      {
        "date": "2024-11-08",
        "close": 20.89748,
        "volume": 7203878,
        "typical_volume": 1800977.45,
        "trend": 16.544833,
        "fair_value": 22.05406,
        "relative_strength": -1.345436,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 90.686058,
        "energy": 90.084135,
        "activity_lines": [
          19.253152,
          18.366592,
          17.196341,
          16.811507
        ]
      },
      {
        "date": "2024-11-15",
        "close": 20.014488,
        "volume": 6758688,
        "typical_volume": 2090409.55,
        "trend": 16.679083,
        "fair_value": 22.03601,
        "relative_strength": -1.458585,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.012931,
        "energy": 75.718538,
        "activity_lines": [
          19.635782,
          18.822359,
          17.531878,
          17.035355
        ]
      },
      {
        "date": "2024-11-22",
        "close": 20.191086,
        "volume": 3258347,
        "typical_volume": 2213366.0,
        "trend": 16.795841,
        "fair_value": 22.019827,
        "relative_strength": 1.956256,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.7477,
        "energy": 63.50501,
        "activity_lines": [
          19.941232,
          19.225503,
          17.863491,
          17.261936
        ]
      },
      {
        "date": "2024-11-29",
        "close": 20.907291,
        "volume": 2939323,
        "typical_volume": 2317176.4,
        "trend": 16.915335,
        "fair_value": 22.010152,
        "relative_strength": 4.308388,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.985277,
        "energy": 74.89638,
        "activity_lines": [
          20.36376,
          19.667891,
          18.239206,
          17.527191
        ]
      },
      {
        "date": "2024-12-06",
        "close": 20.89748,
        "volume": 2882025,
        "typical_volume": 2432835.15,
        "trend": 17.029379,
        "fair_value": 22.00056,
        "relative_strength": 2.534293,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.208663,
        "energy": 62.610006,
        "activity_lines": [
          20.641085,
          20.005925,
          18.588666,
          17.784104
        ]
      },
      {
        "date": "2024-12-13",
        "close": 20.868048,
        "volume": 3336968,
        "typical_volume": 2568080.85,
        "trend": 17.136677,
        "fair_value": 21.990881,
        "relative_strength": 3.344901,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.682287,
        "energy": 59.664288,
        "activity_lines": [
          20.73658,
          20.258872,
          18.909393,
          18.03176
        ]
      },
      {
        "date": "2024-12-20",
        "close": 20.171463,
        "volume": 1794439,
        "typical_volume": 2612724.15,
        "trend": 17.241893,
        "fair_value": 21.975462,
        "relative_strength": 1.268606,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.364562,
        "energy": 52.559025,
        "activity_lines": [
          20.601841,
          20.340749,
          19.138597,
          18.227552
        ]
      },
      {
        "date": "2024-12-27",
        "close": 19.465071,
        "volume": 1597608,
        "typical_volume": 2663470.55,
        "trend": 17.33477,
        "fair_value": 21.954366,
        "relative_strength": -2.478117,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 49.384376,
        "energy": 39.407932,
        "activity_lines": [
          20.221173,
          20.254234,
          19.278941,
          18.370983
        ]
      },
      {
        "date": "2025-01-03",
        "close": 18.542833,
        "volume": 1460178,
        "typical_volume": 2679002.15,
        "trend": 17.429283,
        "fair_value": 21.925937,
        "relative_strength": -0.924506,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 41.126635,
        "energy": 25.366072,
        "activity_lines": [
          19.581494,
          19.98006,
          19.312813,
          18.448923
        ]
      },
      {
        "date": "2025-01-10",
        "close": 18.366236,
        "volume": 2069470,
        "typical_volume": 2745460.0,
        "trend": 17.505809,
        "fair_value": 21.896518,
        "relative_strength": 0.204485,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 27.715572,
        "energy": 25.910078,
        "activity_lines": [
          19.04058,
          19.678059,
          19.31627,
          18.509371
        ]
      },
      {
        "date": "2025-01-17",
        "close": 18.729244,
        "volume": 1273619,
        "typical_volume": 2766764.3,
        "trend": 17.599341,
        "fair_value": 21.870557,
        "relative_strength": 0.647593,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 23.434601,
        "energy": 26.211182,
        "activity_lines": [
          18.789418,
          19.441167,
          19.337901,
          18.588303
        ]
      },
      {
        "date": "2025-01-24",
        "close": 18.729244,
        "volume": 1206649,
        "typical_volume": 2797624.55,
        "trend": 17.701702,
        "fair_value": 21.845017,
        "relative_strength": 1.008308,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 10.216526,
        "energy": 20.62298,
        "activity_lines": [
          18.680843,
          19.243698,
          19.344348,
          18.661199
        ]
      },
      {
        "date": "2025-01-31",
        "close": 18.739056,
        "volume": 311501,
        "typical_volume": 2784055.35,
        "trend": 17.822051,
        "fair_value": 21.819969,
        "relative_strength": 1.742597,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 9.897218,
        "energy": 17.454962,
        "activity_lines": [
          18.671686,
          19.071381,
          19.335659,
          18.728126
        ]
      },
      {
        "date": "2025-02-07",
        "close": 18.827354,
        "volume": 1330054,
        "typical_volume": 2834307.15,
        "trend": 17.929972,
        "fair_value": 21.796028,
        "relative_strength": 0.827583,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 10.291992,
        "energy": 14.120649,
        "activity_lines": [
          18.740363,
          18.941519,
          19.318466,
          18.792984
        ]
      },
      {
        "date": "2025-02-14",
        "close": 18.79792,
        "volume": 1978572,
        "typical_volume": 2832345.65,
        "trend": 18.041491,
        "fair_value": 21.772234,
        "relative_strength": -0.506594,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 10.025786,
        "energy": 11.98574,
        "activity_lines": [
          18.780261,
          18.844122,
          19.281511,
          18.84898
        ]
      },
      {
        "date": "2025-02-21",
        "close": 18.748867,
        "volume": 2039464,
        "typical_volume": 2795612.7,
        "trend": 18.147123,
        "fair_value": 21.748428,
        "relative_strength": -1.546182,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 8.986903,
        "energy": 10.230598,
        "activity_lines": [
          18.775029,
          18.77598,
          19.228999,
          18.894618
        ]
      },
      {
        "date": "2025-02-28",
        "close": 19.26885,
        "volume": 3940199,
        "typical_volume": 2622225.7,
        "trend": 18.268126,
        "fair_value": 21.729056,
        "relative_strength": 3.058465,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 24.732893,
        "energy": 14.207478,
        "activity_lines": [
          18.941816,
          18.840911,
          19.224467,
          18.966987
        ]
      },
      {
        "date": "2025-03-07",
        "close": 19.651482,
        "volume": 3285889,
        "typical_volume": 2689634.5,
        "trend": 18.404826,
        "fair_value": 21.712951,
        "relative_strength": 3.493781,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.428492,
        "energy": 23.660323,
        "activity_lines": [
          19.200174,
          18.991823,
          19.250209,
          19.056236
        ]
      },
      {
        "date": "2025-03-14",
        "close": 19.916376,
        "volume": 3173841,
        "typical_volume": 2740965.8,
        "trend": 18.545778,
        "fair_value": 21.699131,
        "relative_strength": 3.513687,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 50.208339,
        "energy": 33.164418,
        "activity_lines": [
          19.486001,
          19.187508,
          19.29506,
          19.153755
        ]
      },
      {
        "date": "2025-03-21",
        "close": 19.317905,
        "volume": 3133452,
        "typical_volume": 2748708.2,
        "trend": 18.692289,
        "fair_value": 21.680954,
        "relative_strength": 2.136002,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 39.456208,
        "energy": 31.089333,
        "activity_lines": [
          19.499736,
          19.249407,
          19.277493,
          19.20357
        ]
      },
      {
        "date": "2025-03-28",
        "close": 18.87641,
        "volume": 2227602,
        "typical_volume": 2499894.4,
        "trend": 18.803481,
        "fair_value": 21.659707,
        "relative_strength": 0.305426,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 23.87708,
        "energy": 19.410037,
        "activity_lines": [
          19.331641,
          19.21373,
          19.213114,
          19.215449
        ]
      },
      {
        "date": "2025-04-04",
        "close": 18.866598,
        "volume": 2345348,
        "typical_volume": 2279227.4,
        "trend": 18.920559,
        "fair_value": 21.638707,
        "relative_strength": 0.642839,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 10.272581,
        "energy": 6.619388,
        "activity_lines": [
          19.151772,
          19.173594,
          19.157425,
          19.219521
        ]
      },
      {
        "date": "2025-04-11",
        "close": 17.934551,
        "volume": 3905663,
        "typical_volume": 2311593.2,
        "trend": 19.012128,
        "fair_value": 21.611064,
        "relative_strength": -1.231318,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -41.241061,
        "energy": 38.88439,
        "activity_lines": [
          18.688038,
          18.961498,
          19.018436,
          19.155907
        ]
      },
      {
        "date": "2025-04-18",
        "close": 17.993418,
        "volume": 1602720,
        "typical_volume": 2244763.05,
        "trend": 19.103044,
        "fair_value": 21.584266,
        "relative_strength": -2.164026,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -67.736384,
        "energy": 65.814505,
        "activity_lines": [
          18.358388,
          18.774732,
          18.895798,
          19.090184
        ]
      },
      {
        "date": "2025-04-25",
        "close": 18.317181,
        "volume": 2607424,
        "typical_volume": 2231033.0,
        "trend": 19.163218,
        "fair_value": 21.560244,
        "relative_strength": -1.010522,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.246931,
        "energy": 64.408136,
        "activity_lines": [
          18.264856,
          18.661994,
          18.81787,
          19.039483
        ]
      },
      {
        "date": "2025-05-02",
        "close": 18.434914,
        "volume": 1325860,
        "typical_volume": 2130477.6,
        "trend": 19.163545,
        "fair_value": 21.537431,
        "relative_strength": 0.098044,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.834942,
        "energy": 63.150032,
        "activity_lines": [
          18.277283,
          18.579403,
          18.763443,
          18.992496
        ]
      },
      {
        "date": "2025-05-09",
        "close": 18.788109,
        "volume": 1732487,
        "typical_volume": 2127380.0,
        "trend": 19.190689,
        "fair_value": 21.517508,
        "relative_strength": 0.065667,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -51.993672,
        "energy": 36.423621,
        "activity_lines": [
          18.436875,
          18.566738,
          18.754239,
          18.968274
        ]
      },
      {
        "date": "2025-05-16",
        "close": 18.552645,
        "volume": 1973468,
        "typical_volume": 2146173.0,
        "trend": 19.196903,
        "fair_value": 21.496178,
        "relative_strength": -1.906581,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -37.878638,
        "energy": 21.571733,
        "activity_lines": [
          18.523212,
          18.520001,
          18.729197,
          18.92711
        ]
      },
      {
        "date": "2025-05-23",
        "close": 18.650755,
        "volume": 3268679,
        "typical_volume": 2236598.05,
        "trend": 19.192651,
        "fair_value": 21.475854,
        "relative_strength": -0.84655,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -33.631771,
        "energy": 16.250873,
        "activity_lines": [
          18.601046,
          18.511082,
          18.717844,
          18.891875
        ]
      },
      {
        "date": "2025-05-30",
        "close": 18.79792,
        "volume": 2888227,
        "typical_volume": 2277535.9,
        "trend": 19.208676,
        "fair_value": 21.456861,
        "relative_strength": -0.110351,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -29.863225,
        "energy": 15.808028,
        "activity_lines": [
          18.684112,
          18.551932,
          18.719993,
          18.866408
        ]
      },
      {
        "date": "2025-06-06",
        "close": 18.719999,
        "volume": 1715136,
        "typical_volume": 2299611.75,
        "trend": 19.136093,
        "fair_value": 21.437588,
        "relative_strength": -1.765536,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -29.284898,
        "energy": 14.14487,
        "activity_lines": [
          18.709156,
          18.588068,
          18.712666,
          18.834881
        ]
      },
      {
        "date": "2025-06-13",
        "close": 18.65,
        "volume": 1915973,
        "typical_volume": 2335077.95,
        "trend": 19.09061,
        "fair_value": 21.418094,
        "relative_strength": -1.965379,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -28.763636,
        "energy": 13.292432,
        "activity_lines": [
          18.691861,
          18.614321,
          18.698715,
          18.80352
        ]
      },
      {
        "date": "2025-06-20",
        "close": 18.57,
        "volume": 2321081,
        "typical_volume": 2435556.95,
        "trend": 19.036574,
        "fair_value": 21.398316,
        "relative_strength": -1.961327,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -32.175644,
        "energy": 13.055895,
        "activity_lines": [
          18.657106,
          18.629966,
          18.677523,
          18.769932
        ]
      },
      {
        "date": "2025-06-27",
        "close": 18.99,
        "volume": 2675703,
        "typical_volume": 2502839.4,
        "trend": 18.972664,
        "fair_value": 21.381707,
        "relative_strength": -1.717693,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -9.984345,
        "energy": 5.537304,
        "activity_lines": [
          18.761195,
          18.710422,
          18.697137,
          18.766927
        ]
      },
      {
        "date": "2025-07-04",
        "close": 20.16,
        "volume": 10894434,
        "typical_volume": 2948632.5,
        "trend": 18.948082,
        "fair_value": 21.373339,
        "relative_strength": 2.655511,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 33.993351,
        "energy": 34.118874,
        "activity_lines": [
          19.232667,
          18.985485,
          18.827404,
          18.84353
        ]
      },
      {
        "date": "2025-07-11",
        "close": 20.93,
        "volume": 8428880,
        "typical_volume": 3268103.3,
        "trend": 18.950147,
        "fair_value": 21.370323,
        "relative_strength": 5.17093,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 84.333336,
        "energy": 79.509509,
        "activity_lines": [
          19.87,
          19.367043,
          19.024518,
          18.971395
        ]
      },
      {
        "date": "2025-07-18",
        "close": 20.99,
        "volume": 4460061,
        "typical_volume": 3294096.4,
        "trend": 18.977431,
        "fair_value": 21.367753,
        "relative_strength": 4.478735,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.946033,
        "energy": 85.931759,
        "activity_lines": [
          20.38,
          19.714144,
          19.21696,
          19.102999
        ]
      },
      {
        "date": "2025-07-25",
        "close": 22.879999,
        "volume": 11274154,
        "typical_volume": 3693509.65,
        "trend": 19.091262,
        "fair_value": 21.377902,
        "relative_strength": 11.641867,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 93.252338,
        "energy": 96.77838,
        "activity_lines": [
          21.364,
          20.364847,
          19.581207,
          19.354777
        ]
      },
      {
        "date": "2025-08-01",
        "close": 23.73,
        "volume": 17662798,
        "typical_volume": 4417957.5,
        "trend": 19.264168,
        "fair_value": 21.393583,
        "relative_strength": 16.38208,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 93.500808,
        "energy": 97.055068,
        "activity_lines": [
          22.344,
          21.091417,
          20.011031,
          19.654051
        ]
      },
      {
        "date": "2025-08-08",
        "close": 24.9,
        "volume": 23038676,
        "typical_volume": 5413218.7,
        "trend": 19.48196,
        "fair_value": 21.416804,
        "relative_strength": 19.028549,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 92.92989,
        "energy": 96.937854,
        "activity_lines": [
          23.398,
          21.938363,
          20.534125,
          20.017653
        ]
      },
      {
        "date": "2025-08-15",
        "close": 24.74,
        "volume": 26279525,
        "typical_volume": 6615814.85,
        "trend": 19.682318,
        "fair_value": 21.438667,
        "relative_strength": 15.810213,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.247361,
        "energy": 91.63866,
        "activity_lines": [
          24.082667,
          22.645273,
          21.015399,
          20.356881
        ]
      },
      {
        "date": "2025-08-22",
        "close": 29.889999,
        "volume": 26805744,
        "typical_volume": 7838834.65,
        "trend": 20.054344,
        "fair_value": 21.493905,
        "relative_strength": 34.047325,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 97.179737,
        "energy": 93.995298,
        "activity_lines": [
          26.23,
          24.179091,
          21.959227,
          21.015441
        ]
      },
      {
        "date": "2025-08-29",
        "close": 27.77,
        "volume": 19837075,
        "typical_volume": 8635405.25,
        "trend": 20.355375,
        "fair_value": 21.534659,
        "relative_strength": 22.800254,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.915838,
        "energy": 70.781298,
        "activity_lines": [
          27.077333,
          25.123091,
          22.648658,
          21.513226
        ]
      },
      {
        "date": "2025-09-05",
        "close": 29.16,
        "volume": 12379557,
        "typical_volume": 9174247.1,
        "trend": 20.699797,
        "fair_value": 21.583855,
        "relative_strength": 29.591288,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.154395,
        "energy": 71.760779,
        "activity_lines": [
          28.062,
          26.152545,
          23.423634,
          22.081266
        ]
      },
      {
        "date": "2025-09-12",
        "close": 28.5,
        "volume": 7646422,
        "typical_volume": 9426197.0,
        "trend": 21.023199,
        "fair_value": 21.628189,
        "relative_strength": 24.051432,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.371272,
        "energy": 67.792353,
        "activity_lines": [
          28.464667,
          26.877091,
          24.082579,
          22.584505
        ]
      },
      {
        "date": "2025-09-19",
        "close": 24.91,
        "volume": 16114604,
        "typical_volume": 10165634.2,
        "trend": 21.22857,
        "fair_value": 21.605107,
        "relative_strength": 9.524345,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.385735,
        "energy": 55.603842,
        "activity_lines": [
          27.430667,
          26.797273,
          24.35113,
          22.835266
        ]
      },
      {
        "date": "2025-09-26",
        "close": 27.120001,
        "volume": 12171728,
        "typical_volume": 10687596.25,
        "trend": 21.490275,
        "fair_value": 21.600477,
        "relative_strength": 18.327873,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.211968,
        "energy": 46.655838,
        "activity_lines": [
          27.122,
          27.046909,
          24.799323,
          23.215358
        ]
      },
      {
        "date": "2025-10-03",
        "close": 28.18,
        "volume": 6057939,
        "typical_volume": 10891819.8,
        "trend": 21.774559,
        "fair_value": 21.604572,
        "relative_strength": 20.54959,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.608391,
        "energy": 40.550594,
        "activity_lines": [
          27.351334,
          27.377818,
          25.308793,
          23.646954
        ]
      },
      {
        "date": "2025-10-10",
        "close": 27.700001,
        "volume": 4766892,
        "typical_volume": 10966730.45,
        "trend": 22.034014,
        "fair_value": 21.612275,
        "relative_strength": 17.491657,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.375834,
        "energy": 34.124836,
        "activity_lines": [
          27.393334,
          27.525091,
          25.726704,
          24.02924
        ]
      },
      {
        "date": "2025-10-17",
        "close": 26.700001,
        "volume": 13043675,
        "typical_volume": 11474502.85,
        "trend": 22.280083,
        "fair_value": 21.620384,
        "relative_strength": 14.458147,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 44.982234,
        "energy": 32.862291,
        "activity_lines": [
          27.199334,
          27.418364,
          26.006286,
          24.330272
        ]
      },
      {
        "date": "2025-10-24",
        "close": 26.440001,
        "volume": 6464692,
        "typical_volume": 11711980.65,
        "trend": 22.532203,
        "fair_value": 21.637113,
        "relative_strength": 9.823019,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 41.706967,
        "energy": 29.140686,
        "activity_lines": [
          27.038668,
          27.231637,
          26.223476,
          24.598653
        ]
      },
      {
        "date": "2025-10-31",
        "close": 26.35,
        "volume": 6747067,
        "typical_volume": 11953535.35,
        "trend": 22.78165,
        "fair_value": 21.646706,
        "relative_strength": 8.959206,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.164234,
        "energy": 22.992182,
        "activity_lines": [
          26.746001,
          26.997637,
          26.395334,
          24.844963
        ]
      },
      {
        "date": "2025-11-07",
        "close": 26.379999,
        "volume": 6603350,
        "typical_volume": 12167648.8,
        "trend": 23.063165,
        "fair_value": 21.657393,
        "relative_strength": 7.731356,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.022327,
        "energy": 18.137656,
        "activity_lines": [
          26.514667,
          26.833455,
          26.533381,
          25.077114
        ]
      },
      {
        "date": "2025-11-14",
        "close": 25.610001,
        "volume": 5284385,
        "typical_volume": 12298082.9,
        "trend": 23.317051,
        "fair_value": 21.668072,
        "relative_strength": 4.637692,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 21.584417,
        "energy": 12.857686,
        "activity_lines": [
          26.146667,
          26.554546,
          26.560905,
          25.241426
        ]
      },
      {
        "date": "2025-11-21",
        "close": 23.07,
        "volume": 3593224,
        "typical_volume": 11933022.4,
        "trend": 23.475478,
        "fair_value": 21.650897,
        "relative_strength": -1.865183,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -6.022718,
        "energy": 14.013402,
        "activity_lines": [
          25.071333,
          25.878364,
          26.315,
          25.225488
        ]
      },
      {
        "date": "2025-11-28",
        "close": 24.290001,
        "volume": 2772724,
        "typical_volume": 11650214.6,
        "trend": 23.670648,
        "fair_value": 21.642699,
        "relative_strength": 1.909807,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 1.619426,
        "energy": 17.023859,
        "activity_lines": [
          24.644667,
          25.522728,
          26.171429,
          25.278037
        ]
      },
      {
        "date": "2025-12-05",
        "close": 24.1,
        "volume": 1857083,
        "typical_volume": 11520065.7,
        "trend": 23.847711,
        "fair_value": 21.63517,
        "relative_strength": 0.733041,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": -1.569874,
        "energy": 28.532783,
        "activity_lines": [
          24.298,
          25.143819,
          25.993762,
          25.305738
        ]
      },
      {
        "date": "2025-12-12",
        "close": 23.27,
        "volume": 1567095,
        "typical_volume": 11034712.75,
        "trend": 24.004956,
        "fair_value": 21.624549,
        "relative_strength": -2.347651,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -27.967445,
        "energy": 47.668924,
        "activity_lines": [
          23.824667,
          24.668909,
          25.722238,
          25.268466
        ]
      },
      {
        "date": "2025-12-19",
        "close": 23.620001,
        "volume": 1983061,
        "typical_volume": 10250725.9,
        "trend": 24.170597,
        "fair_value": 21.614671,
        "relative_strength": -0.932529,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -23.88735,
        "energy": 45.04435,
        "activity_lines": [
          23.675334,
          24.346909,
          25.482191,
          25.24363
        ]
      },
      {
        "date": "2025-12-26",
        "close": 24.790001,
        "volume": 3325372,
        "typical_volume": 9265060.7,
        "trend": 24.370333,
        "fair_value": 21.61345,
        "relative_strength": 1.884434,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -21.10936,
        "energy": 26.573388,
        "activity_lines": [
          24.048667,
          24.311819,
          25.354096,
          25.283592
        ]
      },
      {
        "date": "2026-01-02",
        "close": 24.370001,
        "volume": 1008535,
        "typical_volume": 8001511.2,
        "trend": 24.558667,
        "fair_value": 21.613224,
        "relative_strength": -0.086632,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -27.477657,
        "energy": 23.573924,
        "activity_lines": [
          24.167334,
          24.235092,
          25.186524,
          25.28357
        ]
      },
      {
        "date": "2026-01-09",
        "close": 27.52,
        "volume": 8338167,
        "typical_volume": 7078132.35,
        "trend": 24.854334,
        "fair_value": 21.638461,
        "relative_strength": 8.377817,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": 18.408289,
        "energy": 15.693901,
        "activity_lines": [
          25.330667,
          24.768728,
          25.320715,
          25.474624
        ]
      },
      {
        "date": "2026-01-16",
        "close": 27.1,
        "volume": 5821038,
        "typical_volume": 6377330.5,
        "trend": 25.138667,
        "fair_value": 21.660749,
        "relative_strength": 6.928746,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.805846,
        "energy": 33.368656,
        "activity_lines": [
          26.126,
          25.204728,
          25.426191,
          25.619506
        ]
      },
      {
        "date": "2026-01-23",
        "close": 27.82,
        "volume": 8106524,
        "typical_volume": 6163678.85,
        "trend": 25.433,
        "fair_value": 21.684995,
        "relative_strength": 8.533721,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 57.665839,
        "energy": 48.516308,
        "activity_lines": [
          26.906,
          25.758546,
          25.603429,
          25.792495
        ]
      },
      {
        "date": "2026-01-30",
        "close": 29.82,
        "volume": 13343401,
        "typical_volume": 6448527.8,
        "trend": 25.755,
        "fair_value": 21.723305,
        "relative_strength": 16.317898,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.030663,
        "energy": 73.765989,
        "activity_lines": [
          28.072667,
          26.635818,
          25.977524,
          26.075527
        ]
      },
      {
        "date": "2026-02-06",
        "close": 30.43,
        "volume": 8787381,
        "typical_volume": 6082166.65,
        "trend": 26.071667,
        "fair_value": 21.76051,
        "relative_strength": 19.566554,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.679486,
        "energy": 85.410676,
        "activity_lines": [
          29.107333,
          27.501273,
          26.403429,
          26.37714
        ]
      },
      {
        "date": "2026-02-13",
        "close": 30.6,
        "volume": 8714714,
        "typical_volume": 5909315.95,
        "trend": 26.392,
        "fair_value": 21.796576,
        "relative_strength": 19.061418,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.657619,
        "energy": 85.868279,
        "activity_lines": [
          29.794667,
          28.286,
          26.819238,
          26.669291
        ]
      },
      {
        "date": "2026-02-27",
        "close": 28.75,
        "volume": 7328940,
        "typical_volume": 5972866.0,
        "trend": 26.587667,
        "fair_value": 21.817568,
        "relative_strength": 9.238775,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.159162,
        "energy": 78.07333,
        "activity_lines": [
          29.66,
          28.616182,
          27.042286,
          26.82142
        ]
      },
      {
        "date": "2026-03-06",
        "close": 27.719999,
        "volume": 5765360,
        "typical_volume": 6022789.4,
        "trend": 26.720667,
        "fair_value": 21.83453,
        "relative_strength": 6.016813,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.478552,
        "energy": 48.999201,
        "activity_lines": [
          29.072,
          28.659454,
          27.164524,
          26.894473
        ]
      },
      {
        "date": "2026-03-13",
        "close": 25.940001,
        "volume": 5260033,
        "typical_volume": 5633607.3,
        "trend": 26.755334,
        "fair_value": 21.839395,
        "relative_strength": -0.247947,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 29.182951,
        "energy": 19.853602,
        "activity_lines": [
          27.897333,
          28.304545,
          27.117143,
          26.844108
        ]
      },
      {
        "date": "2026-03-20",
        "close": 23.639999,
        "volume": 3797609,
        "typical_volume": 5500253.15,
        "trend": 26.718667,
        "fair_value": 21.827631,
        "relative_strength": -5.95586,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -28.934227,
        "energy": 29.968674,
        "activity_lines": [
          26.214666,
          27.510545,
          26.854333,
          26.643118
        ]
      },
      {
        "date": "2026-03-27",
        "close": 23.5,
        "volume": 4576090,
        "typical_volume": 5391704.3,
        "trend": 26.505667,
        "fair_value": 21.818441,
        "relative_strength": -5.553111,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -32.852432,
        "energy": 38.689436,
        "activity_lines": [
          24.938,
          26.704363,
          26.591524,
          26.435463
        ]
      },
      {
        "date": "2026-04-03",
        "close": 24.58,
        "volume": 5812429,
        "typical_volume": 5352158.25,
        "trend": 26.399334,
        "fair_value": 21.816561,
        "relative_strength": -0.567666,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -30.765442,
        "energy": 39.495308,
        "activity_lines": [
          24.494667,
          26.167636,
          26.445143,
          26.311226
        ]
      },
      {
        "date": "2026-04-10",
        "close": 24.65,
        "volume": 2955784,
        "typical_volume": 5235728.2,
        "trend": 26.249,
        "fair_value": 21.811785,
        "relative_strength": -3.096809,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -31.144795,
        "energy": 44.510868,
        "activity_lines": [
          24.352667,
          25.689454,
          26.314,
          26.198366
        ]
      },
      {
        "date": "2026-04-17",
        "close": 25.200001,
        "volume": 4751521,
        "typical_volume": 5293643.05,
        "trend": 26.139,
        "fair_value": 21.814007,
        "relative_strength": -2.728746,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -29.371566,
        "energy": 39.582637,
        "activity_lines": [
          24.598667,
          25.368909,
          26.23981,
          26.130688
        ]
      },
      {
        "date": "2026-04-24",
        "close": 23.723442,
        "volume": 3889769,
        "typical_volume": 5349495.3,
        "trend": 26.099448,
        "fair_value": 21.807064,
        "relative_strength": -9.155692,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -53.833233,
        "energy": 37.119349,
        "activity_lines": [
          24.401814,
          24.863899,
          26.014852,
          25.974846
        ]
      },
      {
        "date": "2026-05-01",
        "close": 25.109621,
        "volume": 4676657,
        "typical_volume": 5490474.0,
        "trend": 26.032436,
        "fair_value": 21.808578,
        "relative_strength": -4.758473,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -42.429742,
        "energy": 28.041042,
        "activity_lines": [
          24.661458,
          24.732858,
          25.924609,
          25.910986
        ]
      },
      {
        "date": "2026-05-08",
        "close": 25.238337,
        "volume": 2711098,
        "typical_volume": 5547674.15,
        "trend": 25.93438,
        "fair_value": 21.815847,
        "relative_strength": -5.940209,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "down",
        "direction": -39.645234,
        "energy": 24.455684,
        "activity_lines": [
          24.8567,
          24.725045,
          25.841817,
          25.859754
        ]
      },
      {
        "date": "2026-05-15",
        "close": 24.129395,
        "volume": 5586397,
        "typical_volume": 5727840.95,
        "trend": 25.81536,
        "fair_value": 21.812878,
        "relative_strength": -9.161983,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "down",
        "direction": -47.740062,
        "energy": 29.145255,
        "activity_lines": [
          24.638405,
          24.579455,
          25.644038,
          25.743303
        ]
      },
      {
        "date": "2026-05-22",
        "close": 25.188831,
        "volume": 5786339,
        "typical_volume": 5850889.3,
        "trend": 25.764988,
        "fair_value": 21.818114,
        "relative_strength": -4.830296,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "down",
        "direction": -38.318646,
        "energy": 20.334962,
        "activity_lines": [
          24.807962,
          24.691774,
          25.544733,
          25.702882
        ]
      },
      {
        "date": "2026-05-29",
        "close": 22.436277,
        "volume": 6816745,
        "typical_volume": 6141299.8,
        "trend": 25.63153,
        "fair_value": 21.803349,
        "relative_strength": -14.292278,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.217774,
        "energy": 45.898698,
        "activity_lines": [
          24.060746,
          24.317286,
          25.18138,
          25.488126
        ]
      },
      {
        "date": "2026-06-05",
        "close": 21.683781,
        "volume": 621690,
        "typical_volume": 5755475.95,
        "trend": 25.47599,
        "fair_value": 21.780631,
        "relative_strength": -16.269053,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.802284,
        "energy": 68.64288,
        "activity_lines": [
          23.148509,
          23.827866,
          24.755569,
          25.233433
        ]
      },
      {
        "date": "2026-06-12",
        "close": 20.456022,
        "volume": 706454,
        "typical_volume": 5499746.75,
        "trend": 25.278524,
        "fair_value": 21.750042,
        "relative_strength": -20.97629,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -82.233108,
        "energy": 82.43936,
        "activity_lines": [
          22.055408,
          23.148239,
          24.24062,
          24.909564
        ]
      },
      {
        "date": "2026-06-19",
        "close": 22.644205,
        "volume": 6084827,
        "typical_volume": 5398661.9,
        "trend": 25.179664,
        "fair_value": 21.73541,
        "relative_strength": -13.787575,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.60886,
        "energy": 76.005849,
        "activity_lines": [
          22.010523,
          22.941445,
          23.965708,
          24.739608
        ]
      },
      {
        "date": "2026-06-26",
        "close": 20.74,
        "volume": 764129,
        "typical_volume": 4769698.3,
        "trend": 25.101997,
        "fair_value": 21.710842,
        "relative_strength": -19.707233,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.023198,
        "energy": 80.577491,
        "activity_lines": [
          21.429915,
          22.424901,
          23.534089,
          24.453178
        ]
      },
      {
        "date": "2026-07-03",
        "close": 21.76,
        "volume": 511502,
        "typical_volume": 4355904.35,
        "trend": 25.017664,
        "fair_value": 21.692513,
        "relative_strength": -16.058217,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.061544,
        "energy": 70.115491,
        "activity_lines": [
          21.485896,
          22.174903,
          23.242851,
          24.237565
        ]
      },
      {
        "date": "2026-07-10",
        "close": 22.0,
        "volume": 3600911,
        "typical_volume": 4100214.2,
        "trend": 24.947664,
        "fair_value": 21.676237,
        "relative_strength": -14.046506,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.408394,
        "energy": 45.986228,
        "activity_lines": [
          21.666962,
          22.00424,
          23.015757,
          24.042877
        ]
      },
      {
        "date": "2026-07-17",
        "close": 21.809999,
        "volume": 3964437,
        "typical_volume": 3931989.05,
        "trend": 24.898997,
        "fair_value": 21.653256,
        "relative_strength": -9.490969,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.860749,
        "energy": 42.330634,
        "activity_lines": [
          21.763613,
          21.85557,
          22.811519,
          23.840447
        ]
      },
      {
        "date": "2026-07-24",
        "close": 20.209999,
        "volume": 3922324,
        "typical_volume": 3839837.25,
        "trend": 24.78533,
        "fair_value": 21.620649,
        "relative_strength": -17.07173,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.922566,
        "energy": 45.992432,
        "activity_lines": [
          21.236666,
          21.478324,
          22.487948,
          23.537931
        ]
      },
      {
        "date": "2026-07-31",
        "close": 21.18,
        "volume": 1840312,
        "typical_volume": 3668851.2,
        "trend": 24.664997,
        "fair_value": 21.592843,
        "relative_strength": -13.281908,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.533822,
        "energy": 40.909994,
        "activity_lines": [
          21.195333,
          21.348704,
          22.29252,
          23.305329
        ]
      },
      {
        "date": "2026-08-07",
        "close": 22.26,
        "volume": 2328001,
        "typical_volume": 3595370.8,
        "trend": 24.594664,
        "fair_value": 21.56999,
        "relative_strength": -11.080415,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.266005,
        "energy": 34.813284,
        "activity_lines": [
          21.484666,
          21.488335,
          22.222615,
          23.150168
        ]
      }
    ],
    "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."
    }
  }
}