{
  "ticker": {
    "uuid": "53f0a0b9-5187-4c4b-a530-01f229af3902",
    "symbol": "XSPU",
    "name": "Xtrackers S&P 500 Swap UCITS ETF 1C",
    "exchange": "LSE",
    "country": "GB",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^FTSE",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 95.341,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 84.791,
    "architecture_energy": 61.41,
    "architecture_maturity": 65.13,
    "architecture_confidence": 69.878,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 31.35,
        "rotation_up": 53.48,
        "upward_expansion": 80.46,
        "deceleration": 69.21,
        "rotation_down": 27.64,
        "downward_expansion": 9.46
      },
      "activity_lines": [
        152.630336,
        151.843819,
        150.461405,
        147.481657
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 156.729996,
    "trend_reference": 144.072501,
    "distance_from_trend": 0.087855,
    "trend_direction": "Improving",
    "fair_value": 117.732005,
    "distance_from_fair_value": 0.331244,
    "fair_value_direction": "Improving",
    "relative_strength": 3.329568,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.131053,
    "excess_performance": 0.079818,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.087855,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.035378,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.331244,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.004592,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.033296,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.023944,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.131053,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.242041,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 37144,
      "relative_activity": 0.798693,
      "balance": 1.242041,
      "dry_up": 0.985647,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.018937,
      "annualized_volatility": 0.12959,
      "from_high_reference": -0.00432,
      "from_low_reference": 0.233415
    },
    "levels": {
      "trend_reference": 144.072501,
      "fair_value_reference": 117.732005,
      "structural_low": 128.529999,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 39,
        "median_return": 0.016085,
        "positive_rate": 0.717949,
        "directional_follow_through": 0.717949,
        "median_excess_return": 0.008938,
        "regime_survival": 0.794872,
        "best_return": 0.063413,
        "worst_return": -0.085449,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 14,
        "median_return": 0.042776,
        "positive_rate": 0.857143,
        "directional_follow_through": 0.857143,
        "median_excess_return": 0.014183,
        "regime_survival": 0.642857,
        "best_return": 0.12661,
        "worst_return": -0.064159,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": 0.095058,
        "positive_rate": 0.875,
        "directional_follow_through": 0.875,
        "median_excess_return": 0.030189,
        "regime_survival": 0.625,
        "best_return": 0.16941,
        "worst_return": -0.156975,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.175697,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.003211,
        "regime_survival": 0.75,
        "best_return": 0.305356,
        "worst_return": -0.090096,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-24",
        "end": "2024-08-09",
        "tenure": "Developing",
        "return": 0.006351,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-16",
        "end": "2024-08-30",
        "tenure": "New",
        "return": 0.011314,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-06",
        "end": "2025-01-03",
        "tenure": "Established",
        "return": 0.095588,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-10",
        "end": "2025-01-31",
        "tenure": "New",
        "return": 0.050443,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-07",
        "end": "2025-02-28",
        "tenure": "New",
        "return": -0.026355,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-07",
        "end": "2025-03-14",
        "tenure": "New",
        "return": -0.012104,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-21",
        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.082741,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.12853,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-05-30",
        "tenure": "New",
        "return": 0.017221,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-06",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.04532,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-18",
        "end": "2026-02-20",
        "tenure": "Extended",
        "return": 0.098206,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-02-27",
        "end": "2026-03-20",
        "tenure": "New",
        "return": -0.045234,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-27",
        "end": "2026-04-24",
        "tenure": "Developing",
        "return": 0.113942,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-01",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": 0.072061,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 85.139999,
        "volume": 43507,
        "typical_volume": 82873.95,
        "trend": 82.029167,
        "fair_value": 78.448558,
        "relative_strength": 11.680312,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.658948,
        "energy": 47.106957,
        "activity_lines": [
          87.044668,
          87.240455,
          85.685477,
          84.021936
        ]
      },
      {
        "date": "2023-08-25",
        "close": 85.650002,
        "volume": 66835,
        "typical_volume": 81343.5,
        "trend": 82.262833,
        "fair_value": 78.578878,
        "relative_strength": 10.978918,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 41.77425,
        "energy": 29.089827,
        "activity_lines": [
          86.366001,
          86.992183,
          85.838453,
          84.255538
        ]
      },
      {
        "date": "2023-09-01",
        "close": 88.190002,
        "volume": 79709,
        "typical_volume": 65868.0,
        "trend": 82.503167,
        "fair_value": 78.739455,
        "relative_strength": 12.094025,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 52.281076,
        "energy": 30.569804,
        "activity_lines": [
          86.736668,
          87.215729,
          86.203263,
          84.637936
        ]
      },
      {
        "date": "2023-09-08",
        "close": 87.345001,
        "volume": 350208,
        "typical_volume": 81416.75,
        "trend": 82.782333,
        "fair_value": 78.896891,
        "relative_strength": 10.602457,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.97646,
        "energy": 26.644897,
        "activity_lines": [
          86.908335,
          87.222547,
          86.449596,
          84.950312
        ]
      },
      {
        "date": "2023-09-15",
        "close": 87.300003,
        "volume": 31838,
        "typical_volume": 81947.9,
        "trend": 83.073667,
        "fair_value": 79.056378,
        "relative_strength": 6.994467,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 45.9135,
        "energy": 33.924569,
        "activity_lines": [
          87.126002,
          87.207547,
          86.65762,
          85.241775
        ]
      },
      {
        "date": "2023-09-22",
        "close": 85.160004,
        "volume": 123746,
        "typical_volume": 75411.45,
        "trend": 83.354667,
        "fair_value": 79.209968,
        "relative_strength": 4.564446,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.463826,
        "energy": 26.384887,
        "activity_lines": [
          86.604336,
          86.781093,
          86.630359,
          85.376377
        ]
      },
      {
        "date": "2023-09-29",
        "close": 84.370003,
        "volume": 75659,
        "typical_volume": 75851.45,
        "trend": 83.573667,
        "fair_value": 79.348045,
        "relative_strength": 4.466019,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 5.896091,
        "energy": 9.914824,
        "activity_lines": [
          85.818003,
          86.265184,
          86.503906,
          85.441883
        ]
      },
      {
        "date": "2023-10-06",
        "close": 83.730003,
        "volume": 81808,
        "typical_volume": 78778.3,
        "trend": 83.820667,
        "fair_value": 79.467917,
        "relative_strength": 5.039906,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -5.368125,
        "energy": 19.061479,
        "activity_lines": [
          84.90367,
          85.711457,
          86.295954,
          85.451969
        ]
      },
      {
        "date": "2023-10-13",
        "close": 84.839996,
        "volume": 197674,
        "typical_volume": 86714.35,
        "trend": 84.108334,
        "fair_value": 79.591346,
        "relative_strength": 4.775717,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 3.018538,
        "energy": 22.466006,
        "activity_lines": [
          84.656667,
          85.463183,
          86.183049,
          85.517732
        ]
      },
      {
        "date": "2023-10-20",
        "close": 82.769997,
        "volume": 119025,
        "typical_volume": 90647.1,
        "trend": 84.316667,
        "fair_value": 79.706923,
        "relative_strength": 4.764782,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -32.914848,
        "energy": 44.684616,
        "activity_lines": [
          83.886666,
          84.900728,
          85.85743,
          85.431388
        ]
      },
      {
        "date": "2023-10-27",
        "close": 81.120003,
        "volume": 68262,
        "typical_volume": 88958.8,
        "trend": 84.378334,
        "fair_value": 79.834615,
        "relative_strength": 4.131739,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -43.279369,
        "energy": 60.137111,
        "activity_lines": [
          82.868667,
          84.113546,
          85.377239,
          85.225151
        ]
      },
      {
        "date": "2023-11-03",
        "close": 85.519997,
        "volume": 62963,
        "typical_volume": 88678.6,
        "trend": 84.5845,
        "fair_value": 79.960897,
        "relative_strength": 7.578843,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -16.712278,
        "energy": 25.739348,
        "activity_lines": [
          83.586666,
          84.199455,
          85.328525,
          85.298807
        ]
      },
      {
        "date": "2023-11-10",
        "close": 85.68,
        "volume": 78933,
        "typical_volume": 91292.75,
        "trend": 84.766834,
        "fair_value": 80.081667,
        "relative_strength": 8.379063,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -18.201208,
        "energy": 18.466512,
        "activity_lines": [
          84.281332,
          84.316818,
          85.298286,
          85.369485
        ]
      },
      {
        "date": "2023-11-17",
        "close": 88.230003,
        "volume": 207342,
        "typical_volume": 101056.45,
        "trend": 85.034501,
        "fair_value": 80.216859,
        "relative_strength": 9.192916,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 23.236302,
        "energy": 16.273679,
        "activity_lines": [
          85.696001,
          84.943455,
          85.506334,
          85.592915
        ]
      },
      {
        "date": "2023-11-24",
        "close": 89.330002,
        "volume": 139771,
        "typical_volume": 106460.0,
        "trend": 85.322501,
        "fair_value": 80.351218,
        "relative_strength": 10.488261,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 53.450981,
        "energy": 42.996764,
        "activity_lines": [
          87.251335,
          85.754001,
          85.811358,
          85.870044
        ]
      },
      {
        "date": "2023-12-01",
        "close": 89.870003,
        "volume": 206823,
        "typical_volume": 114389.7,
        "trend": 85.647167,
        "fair_value": 80.4825,
        "relative_strength": 10.239234,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 66.630915,
        "energy": 69.074346,
        "activity_lines": [
          88.549335,
          86.625819,
          86.152287,
          86.163431
        ]
      },
      {
        "date": "2023-12-08",
        "close": 90.040001,
        "volume": 67857,
        "typical_volume": 113763.4,
        "trend": 85.980001,
        "fair_value": 80.620481,
        "relative_strength": 9.758998,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.060667,
        "energy": 80.948526,
        "activity_lines": [
          89.320669,
          87.44291,
          86.501168,
          86.44684
        ]
      },
      {
        "date": "2023-12-15",
        "close": 92.660004,
        "volume": 112894,
        "typical_volume": 110086.05,
        "trend": 86.352334,
        "fair_value": 80.768782,
        "relative_strength": 12.210479,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 86.9625,
        "energy": 88.894897,
        "activity_lines": [
          90.664003,
          88.633274,
          87.093144,
          86.877808
        ]
      },
      {
        "date": "2023-12-22",
        "close": 93.195,
        "volume": 147517,
        "typical_volume": 115046.65,
        "trend": 86.739834,
        "fair_value": 80.920449,
        "relative_strength": 10.655215,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.524525,
        "energy": 91.968519,
        "activity_lines": [
          91.720335,
          89.758547,
          87.720692,
          87.31927
        ]
      },
      {
        "date": "2023-12-29",
        "close": 93.989998,
        "volume": 22924,
        "typical_volume": 114264.75,
        "trend": 87.095834,
        "fair_value": 81.073013,
        "relative_strength": 10.652963,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.430615,
        "energy": 92.875139,
        "activity_lines": [
          92.710667,
          90.876456,
          88.400453,
          87.787023
        ]
      },
      {
        "date": "2024-01-05",
        "close": 92.455002,
        "volume": 349190,
        "typical_volume": 129548.9,
        "trend": 87.386668,
        "fair_value": 81.20593,
        "relative_strength": 9.022608,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.766981,
        "energy": 86.721951,
        "activity_lines": [
          92.878667,
          91.511274,
          88.900311,
          88.132775
        ]
      },
      {
        "date": "2024-01-12",
        "close": 93.945,
        "volume": 43740,
        "typical_volume": 128394.15,
        "trend": 87.644834,
        "fair_value": 81.352724,
        "relative_strength": 11.228409,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.405818,
        "energy": 87.024481,
        "activity_lines": [
          93.371,
          92.21091,
          89.507239,
          88.555894
        ]
      },
      {
        "date": "2024-01-19",
        "close": 94.339996,
        "volume": 80808,
        "typical_volume": 128449.1,
        "trend": 87.965501,
        "fair_value": 81.493942,
        "relative_strength": 13.576658,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.963097,
        "energy": 82.330134,
        "activity_lines": [
          93.734665,
          92.829182,
          90.112286,
          88.987839
        ]
      },
      {
        "date": "2024-01-26",
        "close": 96.290001,
        "volume": 97216,
        "typical_volume": 115799.5,
        "trend": 88.288668,
        "fair_value": 81.660609,
        "relative_strength": 12.810417,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.9617,
        "energy": 84.514086,
        "activity_lines": [
          94.636333,
          93.644546,
          90.873762,
          89.524904
        ]
      },
      {
        "date": "2024-02-02",
        "close": 97.135002,
        "volume": 20871,
        "typical_volume": 115251.15,
        "trend": 88.657501,
        "fair_value": 81.814167,
        "relative_strength": 13.60344,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.271681,
        "energy": 94.009988,
        "activity_lines": [
          95.613334,
          94.467,
          91.67312,
          90.095635
        ]
      },
      {
        "date": "2024-02-09",
        "close": 98.470001,
        "volume": 49971,
        "typical_volume": 111562.4,
        "trend": 89.001834,
        "fair_value": 81.971603,
        "relative_strength": 15.228057,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.875896,
        "energy": 94.749995,
        "activity_lines": [
          96.825667,
          95.390273,
          92.552786,
          90.7287
        ]
      },
      {
        "date": "2024-02-16",
        "close": 98.919998,
        "volume": 35465,
        "typical_volume": 109552.7,
        "trend": 89.342834,
        "fair_value": 82.130898,
        "relative_strength": 13.086136,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.12658,
        "energy": 94.339099,
        "activity_lines": [
          97.787,
          96.239,
          93.411929,
          91.368581
        ]
      },
      {
        "date": "2024-02-23",
        "close": 100.160004,
        "volume": 67456,
        "typical_volume": 108835.1,
        "trend": 89.700501,
        "fair_value": 82.308974,
        "relative_strength": 13.954475,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.261634,
        "energy": 94.439028,
        "activity_lines": [
          98.830001,
          97.151728,
          94.319882,
          92.066463
        ]
      },
      {
        "date": "2024-03-01",
        "close": 100.620003,
        "volume": 39985,
        "typical_volume": 100950.65,
        "trend": 90.112501,
        "fair_value": 82.501603,
        "relative_strength": 14.195621,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.345953,
        "energy": 88.988016,
        "activity_lines": [
          99.638335,
          98.011728,
          95.193406,
          92.770947
        ]
      },
      {
        "date": "2024-03-08",
        "close": 101.440002,
        "volume": 61684,
        "typical_volume": 98083.6,
        "trend": 90.596834,
        "fair_value": 82.676987,
        "relative_strength": 14.815625,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.056488,
        "energy": 79.427103,
        "activity_lines": [
          100.431335,
          98.88582,
          96.069882,
          93.501754
        ]
      },
      {
        "date": "2024-03-15",
        "close": 100.639999,
        "volume": 177607,
        "typical_volume": 103550.85,
        "trend": 91.113501,
        "fair_value": 82.847757,
        "relative_strength": 12.418398,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.287137,
        "energy": 68.177111,
        "activity_lines": [
          100.670668,
          99.479001,
          96.781263,
          94.1497
        ]
      },
      {
        "date": "2024-03-22",
        "close": 103.029999,
        "volume": 35950,
        "typical_volume": 102200.2,
        "trend": 91.692834,
        "fair_value": 83.03141,
        "relative_strength": 11.642447,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.71827,
        "energy": 73.610955,
        "activity_lines": [
          101.562,
          100.35791,
          97.62731,
          94.918506
        ]
      },
      {
        "date": "2024-03-29",
        "close": 103.449997,
        "volume": 35908,
        "typical_volume": 100048.95,
        "trend": 92.201501,
        "fair_value": 83.209936,
        "relative_strength": 11.309451,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.599268,
        "energy": 72.507526,
        "activity_lines": [
          102.319332,
          101.148,
          98.429977,
          95.677033
        ]
      },
      {
        "date": "2024-04-05",
        "close": 102.279999,
        "volume": 138515,
        "typical_volume": 96607.6,
        "trend": 92.699334,
        "fair_value": 83.368974,
        "relative_strength": 10.14063,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.485498,
        "energy": 66.650956,
        "activity_lines": [
          102.467332,
          101.559727,
          99.036595,
          96.327258
        ]
      },
      {
        "date": "2024-04-12",
        "close": 101.580002,
        "volume": 165522,
        "typical_volume": 97895.15,
        "trend": 93.175334,
        "fair_value": 83.514359,
        "relative_strength": 7.788032,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.826737,
        "energy": 65.516232,
        "activity_lines": [
          102.271333,
          101.735273,
          99.509643,
          96.900205
        ]
      },
      {
        "date": "2024-04-19",
        "close": 98.379997,
        "volume": 185862,
        "typical_volume": 96847.1,
        "trend": 93.616,
        "fair_value": 83.639551,
        "relative_strength": 5.310974,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.172523,
        "energy": 50.62913,
        "activity_lines": [
          100.999332,
          101.248181,
          99.619595,
          97.235989
        ]
      },
      {
        "date": "2024-04-26",
        "close": 100.419998,
        "volume": 70271,
        "typical_volume": 96967.8,
        "trend": 94.151,
        "fair_value": 83.776859,
        "relative_strength": 3.921576,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 44.733564,
        "energy": 36.814726,
        "activity_lines": [
          100.557999,
          101.133635,
          99.883309,
          97.674957
        ]
      },
      {
        "date": "2024-05-03",
        "close": 100.919998,
        "volume": 77172,
        "typical_volume": 95181.7,
        "trend": 94.724,
        "fair_value": 83.910833,
        "relative_strength": 3.170044,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.83844,
        "energy": 28.046189,
        "activity_lines": [
          100.457332,
          101.082726,
          100.145214,
          98.111667
        ]
      },
      {
        "date": "2024-05-10",
        "close": 102.870003,
        "volume": 22327,
        "typical_volume": 88922.2,
        "trend": 95.325,
        "fair_value": 84.065449,
        "relative_strength": 2.107596,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 56.992061,
        "energy": 36.099409,
        "activity_lines": [
          101.175333,
          101.372545,
          100.5535,
          98.637215
        ]
      },
      {
        "date": "2024-05-17",
        "close": 104.440002,
        "volume": 60108,
        "typical_volume": 90781.4,
        "trend": 96.047334,
        "fair_value": 84.22891,
        "relative_strength": 3.515889,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 77.816374,
        "energy": 56.556919,
        "activity_lines": [
          102.377334,
          101.906909,
          101.065238,
          99.22528
        ]
      },
      {
        "date": "2024-05-24",
        "close": 104.705002,
        "volume": 74233,
        "typical_volume": 77033.55,
        "trend": 96.8335,
        "fair_value": 84.389135,
        "relative_strength": 4.741582,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.07803,
        "energy": 67.992285,
        "activity_lines": [
          103.477001,
          102.434909,
          101.552453,
          99.783839
        ]
      },
      {
        "date": "2024-05-31",
        "close": 102.82,
        "volume": 30788,
        "typical_volume": 76385.95,
        "trend": 97.410167,
        "fair_value": 84.535833,
        "relative_strength": 3.137257,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.83755,
        "energy": 62.891796,
        "activity_lines": [
          103.526668,
          102.546273,
          101.80181,
          100.170065
        ]
      },
      {
        "date": "2024-06-07",
        "close": 105.760002,
        "volume": 39048,
        "typical_volume": 74297.95,
        "trend": 98.079501,
        "fair_value": 84.699359,
        "relative_strength": 6.174916,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.510868,
        "energy": 76.258045,
        "activity_lines": [
          104.396335,
          103.196001,
          102.288905,
          100.708764
        ]
      },
      {
        "date": "2024-06-14",
        "close": 107.0,
        "volume": 56796,
        "typical_volume": 72276.95,
        "trend": 98.705167,
        "fair_value": 84.877885,
        "relative_strength": 8.398434,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.27583,
        "energy": 77.49683,
        "activity_lines": [
          105.356668,
          104.029183,
          102.839715,
          101.28428
        ]
      },
      {
        "date": "2024-06-21",
        "close": 107.964996,
        "volume": 75799,
        "typical_volume": 75023.35,
        "trend": 99.326334,
        "fair_value": 85.050481,
        "relative_strength": 7.870389,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.270936,
        "energy": 78.305098,
        "activity_lines": [
          106.363333,
          104.952,
          103.431428,
          101.881688
        ]
      },
      {
        "date": "2024-06-28",
        "close": 108.730003,
        "volume": 119954,
        "typical_volume": 78522.5,
        "trend": 99.955,
        "fair_value": 85.22093,
        "relative_strength": 9.299162,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.737121,
        "energy": 88.080024,
        "activity_lines": [
          107.39,
          105.897819,
          104.044429,
          102.488377
        ]
      },
      {
        "date": "2024-07-05",
        "close": 109.654999,
        "volume": 58155,
        "typical_volume": 79657.0,
        "trend": 100.608834,
        "fair_value": 85.393782,
        "relative_strength": 9.434171,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.874213,
        "energy": 89.745175,
        "activity_lines": [
          108.456666,
          106.823637,
          104.696667,
          103.114183
        ]
      },
      {
        "date": "2024-07-12",
        "close": 111.425003,
        "volume": 40498,
        "typical_volume": 78309.1,
        "trend": 101.234334,
        "fair_value": 85.579712,
        "relative_strength": 10.254651,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 86.037326,
        "energy": 92.569281,
        "activity_lines": [
          109.657667,
          107.903364,
          105.466357,
          103.812
        ]
      },
      {
        "date": "2024-07-19",
        "close": 109.025002,
        "volume": 60007,
        "typical_volume": 79310.2,
        "trend": 101.762,
        "fair_value": 85.743398,
        "relative_strength": 8.858679,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.517144,
        "energy": 81.100394,
        "activity_lines": [
          109.681001,
          108.355728,
          105.953834,
          104.314624
        ]
      },
      {
        "date": "2024-07-26",
        "close": 107.690002,
        "volume": 148050,
        "typical_volume": 83628.5,
        "trend": 102.218667,
        "fair_value": 85.89968,
        "relative_strength": 5.611394,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.632993,
        "energy": 60.626434,
        "activity_lines": [
          109.124335,
          108.453456,
          106.274144,
          104.697076
        ]
      },
      {
        "date": "2024-08-02",
        "close": 105.059998,
        "volume": 146491,
        "typical_volume": 82072.7,
        "trend": 102.638834,
        "fair_value": 86.034167,
        "relative_strength": 4.238309,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 48.01419,
        "energy": 39.261177,
        "activity_lines": [
          107.709334,
          108.01391,
          106.314215,
          104.880387
        ]
      },
      {
        "date": "2024-08-09",
        "close": 105.370003,
        "volume": 456335,
        "typical_volume": 103091.95,
        "trend": 103.019667,
        "fair_value": 86.166667,
        "relative_strength": 4.410599,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 36.574725,
        "energy": 24.796686,
        "activity_lines": [
          106.642335,
          107.624274,
          106.362763,
          105.056592
        ]
      },
      {
        "date": "2024-08-16",
        "close": 109.599998,
        "volume": 72322,
        "typical_volume": 104912.65,
        "trend": 103.528334,
        "fair_value": 86.329872,
        "relative_strength": 6.487089,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 50.253145,
        "energy": 27.577952,
        "activity_lines": [
          107.271,
          107.957364,
          106.803024,
          105.481129
        ]
      },
      {
        "date": "2024-08-23",
        "close": 111.449997,
        "volume": 175241,
        "typical_volume": 106748.95,
        "trend": 104.033667,
        "fair_value": 86.496923,
        "relative_strength": 7.78479,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 71.119152,
        "energy": 38.534355,
        "activity_lines": [
          108.637999,
          108.557,
          107.390191,
          105.992204
        ]
      },
      {
        "date": "2024-08-30",
        "close": 110.839996,
        "volume": 58586,
        "typical_volume": 101402.15,
        "trend": 104.4905,
        "fair_value": 86.655801,
        "relative_strength": 6.336901,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 68.04705,
        "energy": 48.797551,
        "activity_lines": [
          109.639998,
          108.964817,
          107.875595,
          106.431322
        ]
      },
      {
        "date": "2024-09-06",
        "close": 107.440002,
        "volume": 96934,
        "typical_volume": 96955.75,
        "trend": 104.7895,
        "fair_value": 86.798878,
        "relative_strength": 5.296708,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.688048,
        "energy": 44.003004,
        "activity_lines": [
          109.298666,
          108.702181,
          107.993095,
          106.621613
        ]
      },
      {
        "date": "2024-09-13",
        "close": 111.480003,
        "volume": 78371,
        "typical_volume": 97360.75,
        "trend": 105.208167,
        "fair_value": 86.972821,
        "relative_strength": 7.688738,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.961072,
        "energy": 55.52678,
        "activity_lines": [
          110.145334,
          109.197546,
          108.452215,
          107.053258
        ]
      },
      {
        "date": "2024-09-20",
        "close": 112.699997,
        "volume": 55529,
        "typical_volume": 96278.6,
        "trend": 105.626167,
        "fair_value": 87.154359,
        "relative_strength": 8.999994,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.11093,
        "energy": 59.466653,
        "activity_lines": [
          110.991333,
          109.881545,
          108.974857,
          107.536602
        ]
      },
      {
        "date": "2024-09-27",
        "close": 114.035004,
        "volume": 75889,
        "typical_volume": 98956.7,
        "trend": 106.073333,
        "fair_value": 87.358686,
        "relative_strength": 8.652657,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.234432,
        "energy": 60.889383,
        "activity_lines": [
          112.075668,
          110.785091,
          109.568548,
          108.079108
        ]
      },
      {
        "date": "2024-10-04",
        "close": 113.129997,
        "volume": 94509,
        "typical_volume": 100676.75,
        "trend": 106.463,
        "fair_value": 87.547436,
        "relative_strength": 7.90402,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.229017,
        "energy": 70.004035,
        "activity_lines": [
          112.686,
          111.433,
          110.022881,
          108.534376
        ]
      },
      {
        "date": "2024-10-11",
        "close": 115.190002,
        "volume": 95129,
        "typical_volume": 101721.55,
        "trend": 106.948,
        "fair_value": 87.741539,
        "relative_strength": 9.761404,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.150781,
        "energy": 76.550444,
        "activity_lines": [
          113.830334,
          112.356546,
          110.632024,
          109.097409
        ]
      },
      {
        "date": "2024-10-18",
        "close": 116.139999,
        "volume": 19616,
        "typical_volume": 101162.95,
        "trend": 107.385,
        "fair_value": 87.933398,
        "relative_strength": 8.835083,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.667458,
        "energy": 80.415409,
        "activity_lines": [
          114.774667,
          113.268636,
          111.281714,
          109.690441
        ]
      },
      {
        "date": "2024-10-25",
        "close": 115.849998,
        "volume": 196606,
        "typical_volume": 109040.85,
        "trend": 107.798333,
        "fair_value": 88.115962,
        "relative_strength": 9.522934,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.799048,
        "energy": 78.464206,
        "activity_lines": [
          115.311666,
          113.932181,
          111.840357,
          110.23657
        ]
      },
      {
        "date": "2024-11-01",
        "close": 114.139999,
        "volume": 227120,
        "typical_volume": 117557.05,
        "trend": 108.193667,
        "fair_value": 88.27359,
        "relative_strength": 8.456057,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.223539,
        "energy": 70.113402,
        "activity_lines": [
          115.068666,
          114.171181,
          112.188095,
          110.64571
        ]
      },
      {
        "date": "2024-11-08",
        "close": 118.889999,
        "volume": 99727,
        "typical_volume": 118753.45,
        "trend": 108.770667,
        "fair_value": 88.464808,
        "relative_strength": 13.910612,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 85.035466,
        "energy": 80.02668,
        "activity_lines": [
          116.401999,
          115.224909,
          112.954214,
          111.335796
        ]
      },
      {
        "date": "2024-11-15",
        "close": 116.650002,
        "volume": 155630,
        "typical_volume": 120537.25,
        "trend": 109.379667,
        "fair_value": 88.638013,
        "relative_strength": 11.43739,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.716316,
        "energy": 65.772149,
        "activity_lines": [
          116.604667,
          115.725,
          113.454976,
          111.84414
        ]
      },
      {
        "date": "2024-11-22",
        "close": 118.18,
        "volume": 167745,
        "typical_volume": 126016.75,
        "trend": 109.971667,
        "fair_value": 88.83468,
        "relative_strength": 9.800364,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.237881,
        "energy": 64.451854,
        "activity_lines": [
          117.22,
          116.335818,
          114.063738,
          112.411903
        ]
      },
      {
        "date": "2024-11-29",
        "close": 119.800003,
        "volume": 79238,
        "typical_volume": 127953.75,
        "trend": 110.601,
        "fair_value": 89.048526,
        "relative_strength": 10.555771,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.028749,
        "energy": 78.718221,
        "activity_lines": [
          118.239335,
          117.119364,
          114.786191,
          113.045989
        ]
      },
      {
        "date": "2024-12-06",
        "close": 120.949997,
        "volume": 63766,
        "typical_volume": 128141.7,
        "trend": 111.203667,
        "fair_value": 89.252116,
        "relative_strength": 10.900537,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.722921,
        "energy": 86.283169,
        "activity_lines": [
          119.378667,
          117.982909,
          115.578286,
          113.713667
        ]
      },
      {
        "date": "2024-12-13",
        "close": 120.239998,
        "volume": 105711,
        "typical_volume": 126024.75,
        "trend": 111.730333,
        "fair_value": 89.455513,
        "relative_strength": 9.996197,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.548164,
        "energy": 87.07,
        "activity_lines": [
          119.827333,
          118.591636,
          116.245976,
          114.296656
        ]
      },
      {
        "date": "2024-12-20",
        "close": 118.160004,
        "volume": 91136,
        "typical_volume": 123257.0,
        "trend": 112.178833,
        "fair_value": 89.635353,
        "relative_strength": 10.572388,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.145082,
        "energy": 67.897336,
        "activity_lines": [
          119.492667,
          118.692909,
          116.65581,
          114.711473
        ]
      },
      {
        "date": "2024-12-27",
        "close": 118.610001,
        "volume": 17462,
        "typical_volume": 101313.35,
        "trend": 112.705167,
        "fair_value": 89.812404,
        "relative_strength": 9.722457,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.757889,
        "energy": 54.863023,
        "activity_lines": [
          119.207334,
          118.822001,
          117.046119,
          115.126387
        ]
      },
      {
        "date": "2025-01-03",
        "close": 117.709999,
        "volume": 564760,
        "typical_volume": 125935.25,
        "trend": 113.1035,
        "fair_value": 89.99484,
        "relative_strength": 7.550427,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 47.754428,
        "energy": 39.074921,
        "activity_lines": [
          118.593334,
          118.742546,
          117.287667,
          115.44928
        ]
      },
      {
        "date": "2025-01-10",
        "close": 115.675003,
        "volume": 68468,
        "typical_volume": 120596.6,
        "trend": 113.392667,
        "fair_value": 90.170064,
        "relative_strength": 5.118467,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.80279,
        "energy": 23.616152,
        "activity_lines": [
          117.440335,
          118.259274,
          117.296786,
          115.615183
        ]
      },
      {
        "date": "2025-01-17",
        "close": 119.360001,
        "volume": 53931,
        "typical_volume": 120363.85,
        "trend": 113.7725,
        "fair_value": 90.387308,
        "relative_strength": 4.982979,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 46.042845,
        "energy": 24.91344,
        "activity_lines": [
          117.867335,
          118.418092,
          117.636739,
          116.000172
        ]
      },
      {
        "date": "2025-01-24",
        "close": 121.684998,
        "volume": 224627,
        "typical_volume": 126748.5,
        "trend": 114.204333,
        "fair_value": 90.63391,
        "relative_strength": 6.801921,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 69.530692,
        "energy": 39.063437,
        "activity_lines": [
          119.128,
          118.991091,
          118.157548,
          116.510656
        ]
      },
      {
        "date": "2025-01-31",
        "close": 121.510002,
        "volume": 101203,
        "typical_volume": 127890.1,
        "trend": 114.5995,
        "fair_value": 90.864808,
        "relative_strength": 4.350747,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 66.618946,
        "energy": 44.542736,
        "activity_lines": [
          120.095334,
          119.440728,
          118.593858,
          116.98199
        ]
      },
      {
        "date": "2025-02-07",
        "close": 120.279999,
        "volume": 144068,
        "typical_volume": 132317.05,
        "trend": 114.894667,
        "fair_value": 91.086603,
        "relative_strength": 2.85885,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.113828,
        "energy": 49.394779,
        "activity_lines": [
          120.459333,
          119.606182,
          118.865262,
          117.348473
        ]
      },
      {
        "date": "2025-02-14",
        "close": 121.629997,
        "volume": 85626,
        "typical_volume": 132803.9,
        "trend": 115.314833,
        "fair_value": 91.332885,
        "relative_strength": 3.469139,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.004955,
        "energy": 63.411519,
        "activity_lines": [
          121.101999,
          120.008363,
          119.229143,
          117.783011
        ]
      },
      {
        "date": "2025-02-21",
        "close": 121.190002,
        "volume": 84595,
        "typical_volume": 132308.2,
        "trend": 115.764833,
        "fair_value": 91.576122,
        "relative_strength": 3.817111,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.033577,
        "energy": 55.28109,
        "activity_lines": [
          121.201,
          120.318182,
          119.514953,
          118.162054
        ]
      },
      {
        "date": "2025-02-28",
        "close": 117.110001,
        "volume": 110826,
        "typical_volume": 133093.05,
        "trend": 116.1665,
        "fair_value": 91.801058,
        "relative_strength": -1.417142,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 29.177897,
        "energy": 20.876882,
        "activity_lines": [
          119.818,
          119.868909,
          119.37381,
          118.248839
        ]
      },
      {
        "date": "2025-03-07",
        "close": 113.190002,
        "volume": 94723,
        "typical_volume": 136848.4,
        "trend": 116.427167,
        "fair_value": 92.006186,
        "relative_strength": -3.264129,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": -11.324055,
        "energy": 15.235247,
        "activity_lines": [
          117.433334,
          118.726001,
          118.850191,
          118.056807
        ]
      },
      {
        "date": "2025-03-14",
        "close": 111.82,
        "volume": 150088,
        "typical_volume": 134522.5,
        "trend": 116.501167,
        "fair_value": 92.180609,
        "relative_strength": -3.898397,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -38.585223,
        "energy": 38.682103,
        "activity_lines": [
          115.146667,
          117.432546,
          118.210143,
          117.75957
        ]
      },
      {
        "date": "2025-03-21",
        "close": 112.519997,
        "volume": 81714,
        "typical_volume": 127252.2,
        "trend": 116.536833,
        "fair_value": 92.348173,
        "relative_strength": -3.461984,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.776002,
        "energy": 49.606414,
        "activity_lines": [
          113.657333,
          116.373454,
          117.655952,
          117.502721
        ]
      },
      {
        "date": "2025-03-28",
        "close": 111.415001,
        "volume": 77315,
        "typical_volume": 126131.6,
        "trend": 116.556,
        "fair_value": 92.507372,
        "relative_strength": -4.52438,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -45.563239,
        "energy": 70.105281,
        "activity_lines": [
          112.407,
          115.170818,
          117.004238,
          117.17228
        ]
      },
      {
        "date": "2025-04-04",
        "close": 103.209999,
        "volume": 189312,
        "typical_volume": 127815.7,
        "trend": 116.415,
        "fair_value": 92.616218,
        "relative_strength": -4.909029,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -92.953694,
        "energy": 91.257949,
        "activity_lines": [
          109.073333,
          112.620818,
          115.606691,
          116.311247
        ]
      },
      {
        "date": "2025-04-11",
        "close": 104.800003,
        "volume": 221621,
        "typical_volume": 130509.5,
        "trend": 116.192333,
        "fair_value": 92.744231,
        "relative_strength": -2.40656,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -79.785024,
        "energy": 85.536353,
        "activity_lines": [
          107.196334,
          110.695819,
          114.424572,
          115.561893
        ]
      },
      {
        "date": "2025-04-18",
        "close": 105.550003,
        "volume": 70922,
        "typical_volume": 130093.7,
        "trend": 115.954,
        "fair_value": 92.889231,
        "relative_strength": -5.447597,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.218582,
        "energy": 82.606358,
        "activity_lines": [
          106.128668,
          109.211001,
          113.377596,
          114.875291
        ]
      },
      {
        "date": "2025-04-25",
        "close": 109.330002,
        "volume": 63018,
        "typical_volume": 130056.3,
        "trend": 115.797167,
        "fair_value": 93.07234,
        "relative_strength": -3.775971,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.64266,
        "energy": 65.430618,
        "activity_lines": [
          106.739002,
          108.681274,
          112.758477,
          114.447936
        ]
      },
      {
        "date": "2025-05-02",
        "close": 113.0,
        "volume": 77250,
        "typical_volume": 128633.25,
        "trend": 115.792834,
        "fair_value": 93.290353,
        "relative_strength": -2.759944,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.15423,
        "energy": 43.498861,
        "activity_lines": [
          108.785335,
          109.042456,
          112.544215,
          114.267474
        ]
      },
      {
        "date": "2025-05-09",
        "close": 112.955002,
        "volume": 247030,
        "typical_volume": 136427.95,
        "trend": 115.718334,
        "fair_value": 93.520641,
        "relative_strength": -2.465625,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -41.582143,
        "energy": 24.94717,
        "activity_lines": [
          110.711002,
          109.544365,
          112.360144,
          114.084388
        ]
      },
      {
        "date": "2025-05-16",
        "close": 118.269997,
        "volume": 61671,
        "typical_volume": 138638.4,
        "trend": 115.789334,
        "fair_value": 93.802885,
        "relative_strength": 0.424098,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -9.261653,
        "energy": 20.457858,
        "activity_lines": [
          113.758667,
          111.088182,
          112.707048,
          114.249011
        ]
      },
      {
        "date": "2025-05-23",
        "close": 115.849998,
        "volume": 34486,
        "typical_volume": 112124.7,
        "trend": 115.789334,
        "fair_value": 94.038782,
        "relative_strength": -2.104827,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -14.832947,
        "energy": 25.152865,
        "activity_lines": [
          115.101666,
          112.099636,
          112.825095,
          114.252925
        ]
      },
      {
        "date": "2025-05-30",
        "close": 117.845001,
        "volume": 37700,
        "typical_volume": 110586.3,
        "trend": 115.912834,
        "fair_value": 94.291571,
        "relative_strength": -1.177788,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 22.237563,
        "energy": 29.376591,
        "activity_lines": [
          116.422999,
          113.400546,
          113.142,
          114.385549
        ]
      },
      {
        "date": "2025-06-06",
        "close": 119.705002,
        "volume": 28176,
        "typical_volume": 109298.55,
        "trend": 115.94,
        "fair_value": 94.578975,
        "relative_strength": -0.463087,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 30.442064,
        "energy": 35.899725,
        "activity_lines": [
          117.796667,
          114.942819,
          113.625715,
          114.630205
        ]
      },
      {
        "date": "2025-06-13",
        "close": 120.160004,
        "volume": 61992,
        "typical_volume": 101166.8,
        "trend": 116.057001,
        "fair_value": 94.896763,
        "relative_strength": -0.290483,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 30.778144,
        "energy": 49.110205,
        "activity_lines": [
          118.875002,
          116.417092,
          114.15112,
          114.902463
        ]
      },
      {
        "date": "2025-06-20",
        "close": 119.375,
        "volume": 40997,
        "typical_volume": 98156.5,
        "trend": 116.096834,
        "fair_value": 95.184487,
        "relative_strength": -0.155313,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 26.898737,
        "energy": 47.754757,
        "activity_lines": [
          119.211335,
          117.440455,
          114.609025,
          115.116528
        ]
      },
      {
        "date": "2025-06-27",
        "close": 123.519997,
        "volume": 50200,
        "typical_volume": 93463.1,
        "trend": 116.220834,
        "fair_value": 95.510449,
        "relative_strength": 2.922802,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 40.49113,
        "energy": 56.858111,
        "activity_lines": [
          120.855667,
          118.952455,
          115.471858,
          115.595441
        ]
      },
      {
        "date": "2025-07-04",
        "close": 124.714996,
        "volume": 40526,
        "typical_volume": 91208.1,
        "trend": 116.346334,
        "fair_value": 95.827596,
        "relative_strength": 3.523585,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 51.825835,
        "energy": 68.358295,
        "activity_lines": [
          122.386999,
          120.354999,
          116.433071,
          116.143452
        ]
      },
      {
        "date": "2025-07-11",
        "close": 125.129997,
        "volume": 110382,
        "typical_volume": 92497.45,
        "trend": 116.509334,
        "fair_value": 96.155481,
        "relative_strength": 2.423753,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 78.638314,
        "energy": 86.971593,
        "activity_lines": [
          123.598664,
          121.553272,
          117.419119,
          116.71014
        ]
      },
      {
        "date": "2025-07-18",
        "close": 125.959999,
        "volume": 29488,
        "typical_volume": 88430.55,
        "trend": 116.769333,
        "fair_value": 96.473878,
        "relative_strength": 2.426131,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.803796,
        "energy": 90.094555,
        "activity_lines": [
          124.725331,
          122.681908,
          118.465452,
          117.31986
        ]
      },
      {
        "date": "2025-07-25",
        "close": 127.580002,
        "volume": 16989,
        "typical_volume": 84543.85,
        "trend": 117.068333,
        "fair_value": 96.787212,
        "relative_strength": 2.142774,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.658163,
        "energy": 92.092802,
        "activity_lines": [
          126.005332,
          123.868636,
          119.623928,
          118.017323
        ]
      },
      {
        "date": "2025-08-01",
        "close": 124.669998,
        "volume": 67503,
        "typical_volume": 80414.6,
        "trend": 117.300333,
        "fair_value": 97.079872,
        "relative_strength": 0.255928,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.271505,
        "energy": 85.582143,
        "activity_lines": [
          125.768332,
          124.356999,
          120.436738,
          118.507753
        ]
      },
      {
        "date": "2025-08-08",
        "close": 127.519997,
        "volume": 41193,
        "typical_volume": 78388.55,
        "trend": 117.695167,
        "fair_value": 97.374295,
        "relative_strength": 2.081983,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.812607,
        "energy": 82.56391,
        "activity_lines": [
          126.404665,
          125.20318,
          121.459785,
          119.167086
        ]
      },
      {
        "date": "2025-08-15",
        "close": 129.085007,
        "volume": 36627,
        "typical_volume": 76354.15,
        "trend": 118.019333,
        "fair_value": 97.680385,
        "relative_strength": 2.711414,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.391981,
        "energy": 86.070904,
        "activity_lines": [
          127.375668,
          126.158,
          122.560452,
          119.901914
        ]
      },
      {
        "date": "2025-08-22",
        "close": 129.565002,
        "volume": 20501,
        "typical_volume": 67913.6,
        "trend": 118.282,
        "fair_value": 98.002981,
        "relative_strength": 1.001916,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.014088,
        "energy": 77.109602,
        "activity_lines": [
          128.243002,
          127.029546,
          123.622691,
          120.646796
        ]
      },
      {
        "date": "2025-08-29",
        "close": 129.25,
        "volume": 64582,
        "typical_volume": 60061.65,
        "trend": 118.54,
        "fair_value": 98.336699,
        "relative_strength": 2.10771,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.585455,
        "energy": 84.968063,
        "activity_lines": [
          128.765001,
          127.672819,
          124.529429,
          121.354409
        ]
      },
      {
        "date": "2025-09-05",
        "close": 129.539993,
        "volume": 78797,
        "typical_volume": 60455.4,
        "trend": 118.848667,
        "fair_value": 98.666699,
        "relative_strength": 1.97133,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.245384,
        "energy": 83.711535,
        "activity_lines": [
          129.272332,
          128.189272,
          125.347357,
          122.064086
        ]
      },
      {
        "date": "2025-09-12",
        "close": 131.899994,
        "volume": 24760,
        "typical_volume": 58542.5,
        "trend": 119.191,
        "fair_value": 99.036571,
        "relative_strength": 2.883957,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.80378,
        "energy": 81.418775,
        "activity_lines": [
          130.241664,
          129.025362,
          126.275808,
          122.906107
        ]
      },
      {
        "date": "2025-09-19",
        "close": 132.904999,
        "volume": 49991,
        "typical_volume": 57179.55,
        "trend": 119.5815,
        "fair_value": 99.432693,
        "relative_strength": 4.31149,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.159462,
        "energy": 79.595072,
        "activity_lines": [
          131.253997,
          129.913544,
          127.192499,
          123.790881
        ]
      },
      {
        "date": "2025-09-26",
        "close": 132.690002,
        "volume": 85247,
        "typical_volume": 49090.4,
        "trend": 120.100833,
        "fair_value": 99.830641,
        "relative_strength": 3.294664,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.146005,
        "energy": 78.335816,
        "activity_lines": [
          131.939998,
          130.621272,
          127.993928,
          124.636591
        ]
      },
      {
        "date": "2025-10-03",
        "close": 135.160004,
        "volume": 177424,
        "typical_volume": 54878.05,
        "trend": 120.833167,
        "fair_value": 100.244359,
        "relative_strength": 2.845606,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.83128,
        "energy": 72.272605,
        "activity_lines": [
          133.241,
          131.655727,
          128.936619,
          125.60815
        ]
      },
      {
        "date": "2025-10-10",
        "close": 133.195007,
        "volume": 133747,
        "typical_volume": 59841.1,
        "trend": 121.545667,
        "fair_value": 100.650545,
        "relative_strength": 2.011891,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.918605,
        "energy": 65.528702,
        "activity_lines": [
          133.493003,
          132.195092,
          129.611738,
          126.405688
        ]
      },
      {
        "date": "2025-10-17",
        "close": 132.630005,
        "volume": 83848,
        "typical_volume": 62148.5,
        "trend": 122.216,
        "fair_value": 101.044135,
        "relative_strength": 2.330577,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.241761,
        "energy": 60.666187,
        "activity_lines": [
          133.313005,
          132.476729,
          130.150453,
          127.120807
        ]
      },
      {
        "date": "2025-10-24",
        "close": 136.147705,
        "volume": 55740,
        "typical_volume": 63526.7,
        "trend": 123.040424,
        "fair_value": 101.439505,
        "relative_strength": 1.865569,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.790234,
        "energy": 64.875829,
        "activity_lines": [
          134.256905,
          133.305039,
          130.953782,
          128.019627
        ]
      },
      {
        "date": "2025-10-31",
        "close": 137.130005,
        "volume": 84334,
        "typical_volume": 64643.8,
        "trend": 124.171091,
        "fair_value": 101.856684,
        "relative_strength": 1.821766,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.893741,
        "energy": 65.929669,
        "activity_lines": [
          135.312059,
          134.183536,
          131.772365,
          128.928632
        ]
      },
      {
        "date": "2025-11-07",
        "close": 133.320007,
        "volume": 203233,
        "typical_volume": 72755.6,
        "trend": 125.121758,
        "fair_value": 102.222454,
        "relative_strength": -0.520101,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.297064,
        "energy": 54.313603,
        "activity_lines": [
          134.801212,
          134.231761,
          132.147281,
          129.518884
        ]
      },
      {
        "date": "2025-11-14",
        "close": 135.490005,
        "volume": 138132,
        "typical_volume": 77152.2,
        "trend": 126.119758,
        "fair_value": 102.600851,
        "relative_strength": 1.003975,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.478231,
        "energy": 53.442351,
        "activity_lines": [
          135.136366,
          134.60053,
          132.662459,
          130.187804
        ]
      },
      {
        "date": "2025-11-21",
        "close": 131.929993,
        "volume": 219607,
        "typical_volume": 86106.25,
        "trend": 126.873091,
        "fair_value": 102.947902,
        "relative_strength": 0.052194,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.313045,
        "energy": 36.051515,
        "activity_lines": [
          134.131848,
          134.213843,
          132.781589,
          130.562658
        ]
      },
      {
        "date": "2025-11-28",
        "close": 137.214996,
        "volume": 142524,
        "typical_volume": 87713.35,
        "trend": 127.680257,
        "fair_value": 103.325498,
        "relative_strength": 2.173,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.629333,
        "energy": 40.673565,
        "activity_lines": [
          134.935666,
          134.78752,
          133.369694,
          131.229877
        ]
      },
      {
        "date": "2025-12-05",
        "close": 137.940002,
        "volume": 84230,
        "typical_volume": 90450.45,
        "trend": 128.51309,
        "fair_value": 103.717614,
        "relative_strength": 3.322723,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.208849,
        "energy": 46.450366,
        "activity_lines": [
          135.909999,
          135.414652,
          133.969301,
          131.891796
        ]
      },
      {
        "date": "2025-12-12",
        "close": 137.005005,
        "volume": 58642,
        "typical_volume": 92533.1,
        "trend": 129.137591,
        "fair_value": 104.119377,
        "relative_strength": 2.854966,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.988339,
        "energy": 43.680339,
        "activity_lines": [
          136.518667,
          135.776331,
          134.422812,
          132.439662
        ]
      },
      {
        "date": "2025-12-19",
        "close": 137.160004,
        "volume": 155463,
        "typical_volume": 96931.1,
        "trend": 129.847924,
        "fair_value": 104.523543,
        "relative_strength": 0.493013,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.900835,
        "energy": 47.746017,
        "activity_lines": [
          136.933335,
          136.132646,
          134.846204,
          132.957237
        ]
      },
      {
        "date": "2025-12-26",
        "close": 138.720001,
        "volume": 20298,
        "typical_volume": 95886.35,
        "trend": 130.543758,
        "fair_value": 104.938063,
        "relative_strength": 1.982011,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.152668,
        "energy": 56.76489,
        "activity_lines": [
          137.756669,
          136.700505,
          135.358691,
          133.529629
        ]
      },
      {
        "date": "2026-01-02",
        "close": 137.479996,
        "volume": 40118,
        "typical_volume": 96060.9,
        "trend": 131.136257,
        "fair_value": 105.339793,
        "relative_strength": 0.323451,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.932084,
        "energy": 52.765684,
        "activity_lines": [
          137.714001,
          136.932182,
          135.699749,
          133.977128
        ]
      },
      {
        "date": "2026-01-09",
        "close": 139.725006,
        "volume": 117895,
        "typical_volume": 100930.6,
        "trend": 131.788424,
        "fair_value": 105.743287,
        "relative_strength": 0.245688,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.484602,
        "energy": 57.821696,
        "activity_lines": [
          138.402002,
          137.54782,
          136.214641,
          134.531241
        ]
      },
      {
        "date": "2026-01-16",
        "close": 139.714996,
        "volume": 46629,
        "typical_volume": 100032.95,
        "trend": 132.466424,
        "fair_value": 106.150434,
        "relative_strength": -0.792485,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.431138,
        "energy": 62.950112,
        "activity_lines": [
          138.967667,
          138.114455,
          136.6802,
          135.042633
        ]
      },
      {
        "date": "2026-01-23",
        "close": 139.050003,
        "volume": 121540,
        "typical_volume": 102170.1,
        "trend": 132.984091,
        "fair_value": 106.537678,
        "relative_strength": -0.286037,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.887905,
        "energy": 51.184952,
        "activity_lines": [
          139.131001,
          138.44391,
          137.032592,
          135.46738
        ]
      },
      {
        "date": "2026-01-30",
        "close": 139.365005,
        "volume": 29795,
        "typical_volume": 102421.85,
        "trend": 133.472425,
        "fair_value": 106.911941,
        "relative_strength": -0.790883,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.632588,
        "energy": 47.139217,
        "activity_lines": [
          139.273336,
          138.765911,
          137.369698,
          135.879052
        ]
      },
      {
        "date": "2026-02-06",
        "close": 138.570007,
        "volume": 37466,
        "typical_volume": 101795.6,
        "trend": 133.920425,
        "fair_value": 107.293992,
        "relative_strength": -2.685622,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.953539,
        "energy": 40.49588,
        "activity_lines": [
          139.107671,
          138.808185,
          137.595543,
          136.207928
        ]
      },
      {
        "date": "2026-02-13",
        "close": 137.895004,
        "volume": 82508,
        "typical_volume": 101658.65,
        "trend": 134.318258,
        "fair_value": 107.674345,
        "relative_strength": -3.77163,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 43.149937,
        "energy": 29.332996,
        "activity_lines": [
          138.644338,
          138.703094,
          137.730125,
          136.464352
        ]
      },
      {
        "date": "2026-02-20",
        "close": 138.330002,
        "volume": 102596,
        "typical_volume": 97917.25,
        "trend": 134.676592,
        "fair_value": 108.069217,
        "relative_strength": -5.501168,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 39.787302,
        "energy": 25.386841,
        "activity_lines": [
          138.448004,
          138.677912,
          137.881351,
          136.723174
        ]
      },
      {
        "date": "2026-02-27",
        "close": 138.169998,
        "volume": 74640,
        "typical_volume": 94961.9,
        "trend": 135.126592,
        "fair_value": 108.456204,
        "relative_strength": -7.463956,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.781807,
        "energy": 18.696273,
        "activity_lines": [
          138.290669,
          138.599548,
          138.002242,
          136.948556
        ]
      },
      {
        "date": "2026-03-06",
        "close": 135.820007,
        "volume": 172987,
        "typical_volume": 99418.85,
        "trend": 135.403259,
        "fair_value": 108.837614,
        "relative_strength": -3.52545,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.027805,
        "energy": 12.913854,
        "activity_lines": [
          137.40867,
          138.075549,
          137.875634,
          136.993292
        ]
      },
      {
        "date": "2026-03-13",
        "close": 133.919998,
        "volume": 84543,
        "typical_volume": 100859.0,
        "trend": 135.564425,
        "fair_value": 109.20755,
        "relative_strength": -4.669321,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -7.244253,
        "energy": 15.114697,
        "activity_lines": [
          136.129668,
          137.25882,
          137.552883,
          136.897598
        ]
      },
      {
        "date": "2026-03-20",
        "close": 131.919998,
        "volume": 63507,
        "typical_volume": 99817.65,
        "trend": 135.642925,
        "fair_value": 109.562678,
        "relative_strength": -2.885673,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -35.584929,
        "energy": 35.269011,
        "activity_lines": [
          134.494,
          136.143183,
          137.050264,
          136.662473
        ]
      },
      {
        "date": "2026-03-27",
        "close": 129.145004,
        "volume": 174859,
        "typical_volume": 98398.95,
        "trend": 135.639425,
        "fair_value": 109.88239,
        "relative_strength": -5.408753,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -44.214774,
        "energy": 61.651788,
        "activity_lines": [
          132.331668,
          134.664911,
          136.308169,
          136.243253
        ]
      },
      {
        "date": "2026-04-03",
        "close": 132.460007,
        "volume": 30679,
        "typical_volume": 93026.3,
        "trend": 135.736759,
        "fair_value": 110.222935,
        "relative_strength": -7.324016,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -34.598375,
        "energy": 59.840965,
        "activity_lines": [
          131.88667,
          133.981548,
          135.901669,
          136.038129
        ]
      },
      {
        "date": "2026-04-10",
        "close": 137.619995,
        "volume": 57725,
        "typical_volume": 84932.2,
        "trend": 135.927426,
        "fair_value": 110.590947,
        "relative_strength": -5.181779,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -19.135088,
        "energy": 34.138476,
        "activity_lines": [
          133.542334,
          134.356183,
          136.001026,
          136.159628
        ]
      },
      {
        "date": "2026-04-17",
        "close": 143.639999,
        "volume": 64107,
        "typical_volume": 81011.35,
        "trend": 136.285259,
        "fair_value": 110.997614,
        "relative_strength": -1.754672,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 24.633853,
        "energy": 14.379392,
        "activity_lines": [
          137.084667,
          135.857092,
          136.646621,
          136.657213
        ]
      },
      {
        "date": "2026-04-24",
        "close": 143.860001,
        "volume": 53874,
        "typical_volume": 79493.55,
        "trend": 136.657592,
        "fair_value": 111.40255,
        "relative_strength": 1.007713,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "up",
        "direction": 70.445627,
        "energy": 48.426033,
        "activity_lines": [
          140.052334,
          137.305819,
          137.282573,
          137.145907
        ]
      },
      {
        "date": "2026-05-01",
        "close": 146.195007,
        "volume": 59287,
        "typical_volume": 79525.8,
        "trend": 137.025426,
        "fair_value": 111.826044,
        "relative_strength": 2.659437,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.329616,
        "energy": 65.145371,
        "activity_lines": [
          143.002336,
          139.070638,
          138.112716,
          137.761224
        ]
      },
      {
        "date": "2026-05-08",
        "close": 148.940002,
        "volume": 36459,
        "typical_volume": 73575.6,
        "trend": 137.550259,
        "fair_value": 112.267614,
        "relative_strength": 5.723936,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.022086,
        "energy": 87.455877,
        "activity_lines": [
          145.730669,
          141.191547,
          139.160526,
          138.529906
        ]
      },
      {
        "date": "2026-05-15",
        "close": 149.789993,
        "volume": 32517,
        "typical_volume": 74186.55,
        "trend": 138.122258,
        "fair_value": 112.705435,
        "relative_strength": 6.560655,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.361106,
        "energy": 89.332927,
        "activity_lines": [
          147.643666,
          143.271182,
          140.233192,
          139.319566
        ]
      },
      {
        "date": "2026-05-22",
        "close": 151.070007,
        "volume": 47341,
        "typical_volume": 74547.7,
        "trend": 138.619668,
        "fair_value": 113.150947,
        "relative_strength": 4.522597,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.240816,
        "energy": 90.04609,
        "activity_lines": [
          149.172002,
          145.329547,
          141.375049,
          140.154905
        ]
      },
      {
        "date": "2026-05-29",
        "close": 153.029999,
        "volume": 50291,
        "typical_volume": 71167.5,
        "trend": 139.149668,
        "fair_value": 113.597871,
        "relative_strength": 6.270855,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.748012,
        "energy": 92.958531,
        "activity_lines": [
          150.858334,
          147.432456,
          142.638858,
          141.084604
        ]
      },
      {
        "date": "2026-06-05",
        "close": 151.119995,
        "volume": 4353,
        "typical_volume": 69053.7,
        "trend": 139.743001,
        "fair_value": 114.029858,
        "relative_strength": 5.210699,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.885246,
        "energy": 86.730451,
        "activity_lines": [
          151.296665,
          148.804273,
          143.657405,
          141.856883
        ]
      },
      {
        "date": "2026-06-12",
        "close": 150.139999,
        "volume": 43766,
        "typical_volume": 65165.0,
        "trend": 140.231334,
        "fair_value": 114.439729,
        "relative_strength": 3.385036,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.07679,
        "energy": 81.464817,
        "activity_lines": [
          151.079999,
          149.598363,
          144.52831,
          142.527657
        ]
      },
      {
        "date": "2026-06-19",
        "close": 151.309998,
        "volume": 5358,
        "typical_volume": 63943.15,
        "trend": 140.877334,
        "fair_value": 114.866588,
        "relative_strength": 5.135303,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.650164,
        "energy": 77.401064,
        "activity_lines": [
          151.173332,
          150.283727,
          145.457833,
          143.242409
        ]
      },
      {
        "date": "2026-06-26",
        "close": 148.875,
        "volume": 7777,
        "typical_volume": 62458.7,
        "trend": 141.266001,
        "fair_value": 115.265819,
        "relative_strength": 2.000605,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.811301,
        "energy": 57.227404,
        "activity_lines": [
          150.353665,
          150.277454,
          146.098571,
          143.758388
        ]
      },
      {
        "date": "2026-07-03",
        "close": 151.479996,
        "volume": 2739,
        "typical_volume": 58470.25,
        "trend": 141.717334,
        "fair_value": 115.685114,
        "relative_strength": 2.116516,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.430546,
        "energy": 53.817059,
        "activity_lines": [
          150.548664,
          150.649635,
          146.938333,
          144.417355
        ]
      },
      {
        "date": "2026-07-10",
        "close": 152.589996,
        "volume": 75634,
        "typical_volume": 57122.15,
        "trend": 142.236834,
        "fair_value": 116.098255,
        "relative_strength": 4.56696,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.120284,
        "energy": 61.801036,
        "activity_lines": [
          151.216997,
          151.085089,
          147.819118,
          145.118817
        ]
      },
      {
        "date": "2026-07-17",
        "close": 151.020004,
        "volume": 50562,
        "typical_volume": 55918.25,
        "trend": 142.698834,
        "fair_value": 116.497806,
        "relative_strength": 2.450668,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.559003,
        "energy": 58.040919,
        "activity_lines": [
          151.263999,
          151.118817,
          148.482476,
          145.685473
        ]
      },
      {
        "date": "2026-07-24",
        "close": 150.445007,
        "volume": 67074,
        "typical_volume": 50622.6,
        "trend": 143.089668,
        "fair_value": 116.888928,
        "relative_strength": 0.766267,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.168921,
        "energy": 54.933302,
        "activity_lines": [
          151.060669,
          151.010182,
          149.029881,
          146.185226
        ]
      },
      {
        "date": "2026-07-31",
        "close": 149.960007,
        "volume": 28574,
        "typical_volume": 47824.15,
        "trend": 143.505668,
        "fair_value": 117.284441,
        "relative_strength": -0.784538,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.371968,
        "energy": 44.522602,
        "activity_lines": [
          150.753338,
          150.801456,
          149.461453,
          146.628474
        ]
      },
      {
        "date": "2026-08-07",
        "close": 156.729996,
        "volume": 37144,
        "typical_volume": 46506.0,
        "trend": 144.072501,
        "fair_value": 117.732005,
        "relative_strength": 3.329568,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.791153,
        "energy": 61.409715,
        "activity_lines": [
          152.630336,
          151.843819,
          150.461405,
          147.481657
        ]
      }
    ],
    "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."
    }
  }
}