{
  "ticker": {
    "uuid": "58885a73-2d72-46cc-a7d1-9b5a70764cb2",
    "symbol": "HSX",
    "name": "Hiscox Ltd",
    "exchange": "LSE",
    "country": "GB",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^FTSE",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 57.655,
    "architecture_energy": 44.17,
    "architecture_maturity": 100.0,
    "architecture_confidence": 62.553,
    "architecture_tenure": "Extended",
    "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": 13.46,
        "rotation_up": 42.93,
        "upward_expansion": 73.67,
        "deceleration": 71.17,
        "rotation_down": 28.54,
        "downward_expansion": 11.67
      },
      "activity_lines": [
        1834.066667,
        1833.509091,
        1787.873104,
        1727.004569
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 1829.0,
    "trend_reference": 1645.482312,
    "distance_from_trend": 0.111528,
    "trend_direction": "Improving",
    "fair_value": 1257.677541,
    "distance_from_fair_value": 0.454268,
    "fair_value_direction": "Improving",
    "relative_strength": 11.180218,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.219538,
    "excess_performance": 0.168303,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.111528,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.09955,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.454268,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.099505,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.111802,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.007897,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.219538,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.353736,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 17924411,
      "relative_activity": 3.142425,
      "balance": 1.353736,
      "dry_up": 1.588327,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.044506,
      "annualized_volatility": 0.258339,
      "from_high_reference": -0.039391,
      "from_low_reference": 0.455084
    },
    "levels": {
      "trend_reference": 1645.482312,
      "fair_value_reference": 1257.677541,
      "structural_low": 1419.761779,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 30,
        "median_return": -0.008606,
        "positive_rate": 0.433333,
        "directional_follow_through": 0.433333,
        "median_excess_return": -0.009001,
        "regime_survival": 0.733333,
        "best_return": 0.164103,
        "worst_return": -0.100673,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
        "median_return": 0.010012,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.021768,
        "regime_survival": 0.5,
        "best_return": 0.190187,
        "worst_return": -0.136786,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.023729,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.714286,
        "median_excess_return": -0.038942,
        "regime_survival": 0.428571,
        "best_return": 0.326403,
        "worst_return": -0.124809,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.016397,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.025779,
        "regime_survival": 0.25,
        "best_return": 0.387339,
        "worst_return": -0.010548,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-02-09",
        "end": "2024-02-23",
        "tenure": "New",
        "return": 0.04707,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-03-01",
        "end": "2024-04-26",
        "tenure": "Developing",
        "return": 0.051304,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-05-03",
        "end": "2024-07-19",
        "tenure": "Developing",
        "return": 0.110413,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-26",
        "end": "2024-08-23",
        "tenure": "Developing",
        "return": -0.048681,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-30",
        "end": "2024-10-25",
        "tenure": "Developing",
        "return": -0.056924,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-01",
        "end": "2025-02-21",
        "tenure": "Established",
        "return": -0.045704,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-28",
        "end": "2025-03-21",
        "tenure": "New",
        "return": -0.025295,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-03-28",
        "end": "2025-04-18",
        "tenure": "New",
        "return": -0.0266,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-25",
        "end": "2025-05-23",
        "tenure": "Developing",
        "return": 0.139493,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-05-30",
        "end": "2025-07-04",
        "tenure": "Developing",
        "return": -0.00793,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-07-11",
        "end": "2025-08-01",
        "tenure": "New",
        "return": 0.027553,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-08",
        "end": "2025-11-21",
        "tenure": "Established",
        "return": -0.018398,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-28",
        "end": "2025-12-26",
        "tenure": "Developing",
        "return": 0.065672,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-02",
        "end": "2026-08-07",
        "tenure": "Extended",
        "return": 0.308517,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 984.325684,
        "volume": 4221769,
        "typical_volume": 4714177.2,
        "trend": 1111.066606,
        "fair_value": 950.842781,
        "relative_strength": -3.156011,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.762467,
        "energy": 53.432375,
        "activity_lines": [
          1050.943555,
          1065.330072,
          1093.445479,
          1102.414084
        ]
      },
      {
        "date": "2023-08-25",
        "close": 989.821899,
        "volume": 6320378,
        "typical_volume": 4896754.4,
        "trend": 1106.362927,
        "fair_value": 952.108675,
        "relative_strength": -3.841382,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.757331,
        "energy": 70.349741,
        "activity_lines": [
          1024.556364,
          1049.975895,
          1081.657366,
          1094.591845
        ]
      },
      {
        "date": "2023-09-01",
        "close": 1008.309265,
        "volume": 2736549,
        "typical_volume": 4869165.05,
        "trend": 1102.591868,
        "fair_value": 954.026981,
        "relative_strength": -3.857554,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.933352,
        "energy": 71.802556,
        "activity_lines": [
          1012.085868,
          1040.261357,
          1072.320935,
          1088.265802
        ]
      },
      {
        "date": "2023-09-08",
        "close": 1005.311279,
        "volume": 2937936,
        "typical_volume": 4853120.5,
        "trend": 1098.837433,
        "fair_value": 955.670001,
        "relative_strength": -4.456511,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.027671,
        "energy": 73.262148,
        "activity_lines": [
          1004.471647,
          1031.035517,
          1063.216297,
          1081.989635
        ]
      },
      {
        "date": "2023-09-15",
        "close": 1047.282593,
        "volume": 12414895,
        "typical_volume": 5042203.5,
        "trend": 1095.865961,
        "fair_value": 956.382387,
        "relative_strength": -3.563706,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.193963,
        "energy": 54.380611,
        "activity_lines": [
          1016.437024,
          1030.983312,
          1058.792755,
          1078.663517
        ]
      },
      {
        "date": "2023-09-22",
        "close": 1056.276489,
        "volume": 4573616,
        "typical_volume": 5025520.4,
        "trend": 1093.560602,
        "fair_value": 957.487876,
        "relative_strength": -2.490782,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -43.603286,
        "energy": 29.41174,
        "activity_lines": [
          1032.859139,
          1032.582692,
          1055.861975,
          1076.109357
        ]
      },
      {
        "date": "2023-09-29",
        "close": 1004.312073,
        "volume": 7222472,
        "typical_volume": 5283992.25,
        "trend": 1090.505501,
        "fair_value": 958.294828,
        "relative_strength": -6.416823,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.081695,
        "energy": 30.283873,
        "activity_lines": [
          1027.163062,
          1025.149998,
          1048.409956,
          1070.351387
        ]
      },
      {
        "date": "2023-10-06",
        "close": 978.829468,
        "volume": 7800877,
        "typical_volume": 5544498.7,
        "trend": 1085.618575,
        "fair_value": 959.063905,
        "relative_strength": -7.458599,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.380806,
        "energy": 36.975345,
        "activity_lines": [
          1012.006771,
          1014.935438,
          1039.315659,
          1063.146482
        ]
      },
      {
        "date": "2023-10-13",
        "close": 940.85553,
        "volume": 4211734,
        "typical_volume": 5577141.9,
        "trend": 1082.279861,
        "fair_value": 959.528103,
        "relative_strength": -12.24945,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.094426,
        "energy": 52.359217,
        "activity_lines": [
          986.157821,
          999.949505,
          1027.496508,
          1053.806931
        ]
      },
      {
        "date": "2023-10-20",
        "close": 973.333252,
        "volume": 4687244,
        "typical_volume": 5515793.0,
        "trend": 1079.474253,
        "fair_value": 960.162081,
        "relative_strength": -6.889791,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.324086,
        "energy": 63.065905,
        "activity_lines": [
          975.431828,
          993.564852,
          1019.857284,
          1046.778117
        ]
      },
      {
        "date": "2023-10-27",
        "close": 946.351807,
        "volume": 3534097,
        "typical_volume": 5446219.7,
        "trend": 1074.087518,
        "fair_value": 960.950868,
        "relative_strength": -8.124249,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.054376,
        "energy": 68.42666,
        "activity_lines": [
          960.641976,
          984.016861,
          1010.575799,
          1038.189572
        ]
      },
      {
        "date": "2023-11-03",
        "close": 962.840393,
        "volume": 5244247,
        "typical_volume": 5291327.1,
        "trend": 1068.351261,
        "fair_value": 961.095072,
        "relative_strength": -8.079834,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.588781,
        "energy": 61.193285,
        "activity_lines": [
          958.676632,
          978.15723,
          1003.734968,
          1031.012338
        ]
      },
      {
        "date": "2023-11-10",
        "close": 983.326355,
        "volume": 4533275,
        "typical_volume": 5384413.75,
        "trend": 1063.897296,
        "fair_value": 960.727863,
        "relative_strength": -5.416165,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.041363,
        "energy": 42.750259,
        "activity_lines": [
          966.30472,
          976.512892,
          999.570362,
          1025.526861
        ]
      },
      {
        "date": "2023-11-17",
        "close": 1003.312683,
        "volume": 4288697,
        "typical_volume": 5382279.2,
        "trend": 1059.043876,
        "fair_value": 960.149483,
        "relative_strength": -5.356998,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.174369,
        "energy": 31.409329,
        "activity_lines": [
          980.295125,
          978.956666,
          997.698936,
          1021.618176
        ]
      },
      {
        "date": "2023-11-24",
        "close": 1026.296997,
        "volume": 2274608,
        "typical_volume": 5293436.15,
        "trend": 1053.890951,
        "fair_value": 959.830465,
        "relative_strength": -3.020477,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -30.35098,
        "energy": 17.825614,
        "activity_lines": [
          997.783158,
          985.615745,
          998.429993,
          1019.505474
        ]
      },
      {
        "date": "2023-12-01",
        "close": 1022.299744,
        "volume": 3624080,
        "typical_volume": 5224056.4,
        "trend": 1049.76413,
        "fair_value": 959.677878,
        "relative_strength": -3.935268,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -22.590731,
        "energy": 19.034563,
        "activity_lines": [
          1010.407857,
          991.929607,
          998.884569,
          1017.467332
        ]
      },
      {
        "date": "2023-12-08",
        "close": 1044.284424,
        "volume": 4891865,
        "typical_volume": 5201328.5,
        "trend": 1045.604075,
        "fair_value": 959.9767,
        "relative_strength": -2.168731,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 1.609508,
        "energy": 15.53657,
        "activity_lines": [
          1025.297587,
          1002.858442,
          1001.70367,
          1017.113802
        ]
      },
      {
        "date": "2023-12-15",
        "close": 1034.291504,
        "volume": 4809197,
        "typical_volume": 5281807.1,
        "trend": 1041.210838,
        "fair_value": 960.225548,
        "relative_strength": -3.296896,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -1.856694,
        "energy": 17.016351,
        "activity_lines": [
          1031.426742,
          1011.243612,
          1003.865594,
          1016.383959
        ]
      },
      {
        "date": "2023-12-22",
        "close": 1047.282593,
        "volume": 2716547,
        "typical_volume": 5230615.05,
        "trend": 1037.150722,
        "fair_value": 960.537188,
        "relative_strength": -3.477196,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 22.088032,
        "energy": 24.393861,
        "activity_lines": [
          1038.488583,
          1020.982399,
          1007.559296,
          1016.775685
        ]
      },
      {
        "date": "2023-12-29",
        "close": 1053.278442,
        "volume": 1288126,
        "typical_volume": 4716610.45,
        "trend": 1033.323765,
        "fair_value": 960.925673,
        "relative_strength": -3.242469,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 25.405119,
        "energy": 33.649827,
        "activity_lines": [
          1044.617712,
          1029.876302,
          1012.023395,
          1017.816183
        ]
      },
      {
        "date": "2024-01-05",
        "close": 1063.271606,
        "volume": 1914885,
        "typical_volume": 4601266.25,
        "trend": 1031.128904,
        "fair_value": 961.419187,
        "relative_strength": -1.687246,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 28.541433,
        "energy": 40.03245,
        "activity_lines": [
          1052.279134,
          1039.133595,
          1017.514869,
          1019.748302
        ]
      },
      {
        "date": "2024-01-12",
        "close": 1061.273071,
        "volume": 3379966,
        "typical_volume": 4454245.65,
        "trend": 1029.333726,
        "fair_value": 961.833311,
        "relative_strength": -1.005443,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 34.832333,
        "energy": 39.726282,
        "activity_lines": [
          1056.54292,
          1045.901703,
          1022.440074,
          1021.693087
        ]
      },
      {
        "date": "2024-01-19",
        "close": 1047.282593,
        "volume": 4324766,
        "typical_volume": 4533656.5,
        "trend": 1028.737563,
        "fair_value": 962.33188,
        "relative_strength": -0.12054,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 29.888674,
        "energy": 31.625998,
        "activity_lines": [
          1055.010636,
          1048.336404,
          1025.692609,
          1022.851078
        ]
      },
      {
        "date": "2024-01-26",
        "close": 1030.294189,
        "volume": 4157539,
        "typical_volume": 4594636.65,
        "trend": 1026.742434,
        "fair_value": 962.954571,
        "relative_strength": -3.828894,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 24.659284,
        "energy": 19.168899,
        "activity_lines": [
          1046.949479,
          1046.519462,
          1027.141613,
          1022.951506
        ]
      },
      {
        "date": "2024-02-02",
        "close": 1018.302429,
        "volume": 3014129,
        "typical_volume": 4124598.35,
        "trend": 1025.746488,
        "fair_value": 963.381321,
        "relative_strength": -4.596288,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 5.611073,
        "energy": 5.686982,
        "activity_lines": [
          1036.023629,
          1042.031628,
          1027.329578,
          1022.406989
        ]
      },
      {
        "date": "2024-02-09",
        "close": 1040.287476,
        "volume": 3153375,
        "typical_volume": 4053586.3,
        "trend": 1024.45085,
        "fair_value": 963.76463,
        "relative_strength": -1.924491,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 4.310235,
        "energy": 7.555375,
        "activity_lines": [
          1034.757861,
          1041.686431,
          1029.749359,
          1023.345118
        ]
      },
      {
        "date": "2024-02-16",
        "close": 1054.277832,
        "volume": 2010653,
        "typical_volume": 3792995.35,
        "trend": 1022.722262,
        "fair_value": 964.510334,
        "relative_strength": -2.327764,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 37.302559,
        "energy": 17.909642,
        "activity_lines": [
          1039.687821,
          1043.557886,
          1033.577692,
          1025.269439
        ]
      },
      {
        "date": "2024-02-23",
        "close": 1089.253784,
        "volume": 3429058,
        "typical_volume": 3574404.4,
        "trend": 1022.492611,
        "fair_value": 965.449514,
        "relative_strength": 1.004067,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 60.606118,
        "energy": 32.793208,
        "activity_lines": [
          1056.742782,
          1051.606906,
          1040.499136,
          1029.561795
        ]
      },
      {
        "date": "2024-03-01",
        "close": 1149.212891,
        "volume": 5967137,
        "typical_volume": 3662174.55,
        "trend": 1024.494751,
        "fair_value": 967.015033,
        "relative_strength": 6.722758,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.807062,
        "energy": 69.477405,
        "activity_lines": [
          1090.986031,
          1069.558267,
          1052.605142,
          1037.737297
        ]
      },
      {
        "date": "2024-03-08",
        "close": 1189.185303,
        "volume": 9386040,
        "typical_volume": 3897114.35,
        "trend": 1028.495455,
        "fair_value": 969.156871,
        "relative_strength": 10.611726,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.372206,
        "energy": 81.863564,
        "activity_lines": [
          1130.625505,
          1092.924062,
          1067.525866,
          1048.362494
        ]
      },
      {
        "date": "2024-03-15",
        "close": 1218.165527,
        "volume": 3700612,
        "typical_volume": 3905440.1,
        "trend": 1036.290116,
        "fair_value": 971.516488,
        "relative_strength": 12.073156,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.392054,
        "energy": 90.098481,
        "activity_lines": [
          1168.532861,
          1119.087955,
          1084.178744,
          1060.599273
        ]
      },
      {
        "date": "2024-03-22",
        "close": 1233.155273,
        "volume": 6712121,
        "typical_volume": 3978833.8,
        "trend": 1044.401229,
        "fair_value": 974.137357,
        "relative_strength": 10.34973,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.514756,
        "energy": 92.673948,
        "activity_lines": [
          1199.578263,
          1145.161003,
          1100.964866,
          1073.300251
        ]
      },
      {
        "date": "2024-03-29",
        "close": 1239.151123,
        "volume": 3819132,
        "typical_volume": 3943126.65,
        "trend": 1052.095957,
        "fair_value": 976.525228,
        "relative_strength": 10.423358,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.203911,
        "energy": 90.867739,
        "activity_lines": [
          1220.697119,
          1169.199074,
          1117.034807,
          1085.86476
        ]
      },
      {
        "date": "2024-04-05",
        "close": 1196.180664,
        "volume": 4221262,
        "typical_volume": 3939754.9,
        "trend": 1058.45827,
        "fair_value": 978.723431,
        "relative_strength": 7.084858,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.07345,
        "energy": 83.252737,
        "activity_lines": [
          1217.499333,
          1181.935816,
          1127.794111,
          1095.160548
        ]
      },
      {
        "date": "2024-04-12",
        "close": 1168.199707,
        "volume": 8156157,
        "typical_volume": 4233832.35,
        "trend": 1062.488841,
        "fair_value": 980.705139,
        "relative_strength": 3.416643,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.785807,
        "energy": 57.238162,
        "activity_lines": [
          1201.843376,
          1186.568994,
          1134.970143,
          1102.24064
        ]
      },
      {
        "date": "2024-04-19",
        "close": 1173.196411,
        "volume": 6730316,
        "typical_volume": 4389144.15,
        "trend": 1066.386171,
        "fair_value": 982.950618,
        "relative_strength": 5.121603,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 49.959382,
        "energy": 43.303737,
        "activity_lines": [
          1189.252026,
          1189.385258,
          1141.946324,
          1109.383064
        ]
      },
      {
        "date": "2024-04-26",
        "close": 1208.172485,
        "volume": 5202277,
        "typical_volume": 4404664.75,
        "trend": 1073.181519,
        "fair_value": 985.497124,
        "relative_strength": 5.034802,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.95493,
        "energy": 39.94459,
        "activity_lines": [
          1191.317309,
          1196.144283,
          1151.535004,
          1118.530568
        ]
      },
      {
        "date": "2024-05-03",
        "close": 1113.41687,
        "volume": 5376630,
        "typical_volume": 4433036.4,
        "trend": 1077.667765,
        "fair_value": 987.207041,
        "relative_strength": -3.917428,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.162963,
        "energy": 21.130892,
        "activity_lines": [
          1163.462907,
          1182.876929,
          1151.318921,
          1121.126397
        ]
      },
      {
        "date": "2024-05-10",
        "close": 1180.381836,
        "volume": 2312661,
        "typical_volume": 4412842.1,
        "trend": 1085.651975,
        "fair_value": 989.556197,
        "relative_strength": -0.653124,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.190604,
        "energy": 20.444108,
        "activity_lines": [
          1166.312443,
          1181.345694,
          1157.103666,
          1127.753112
        ]
      },
      {
        "date": "2024-05-17",
        "close": 1166.389282,
        "volume": 5405017,
        "typical_volume": 4618686.65,
        "trend": 1092.087176,
        "fair_value": 991.911683,
        "relative_strength": -1.51467,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.585066,
        "energy": 18.383531,
        "activity_lines": [
          1165.55105,
          1176.703651,
          1160.921981,
          1132.96197
        ]
      },
      {
        "date": "2024-05-24",
        "close": 1165.389771,
        "volume": 3771700,
        "typical_volume": 4711527.4,
        "trend": 1099.388442,
        "fair_value": 994.361908,
        "relative_strength": -0.204413,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.665219,
        "energy": 17.665674,
        "activity_lines": [
          1164.577181,
          1172.294351,
          1164.106481,
          1137.69117
        ]
      },
      {
        "date": "2024-05-31",
        "close": 1141.402344,
        "volume": 5893560,
        "typical_volume": 4837207.1,
        "trend": 1105.340507,
        "fair_value": 996.470158,
        "relative_strength": -1.549454,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 20.606253,
        "energy": 11.369478,
        "activity_lines": [
          1156.127946,
          1164.483261,
          1164.520188,
          1140.401744
        ]
      },
      {
        "date": "2024-06-07",
        "close": 1152.396606,
        "volume": 4163409,
        "typical_volume": 4829139.25,
        "trend": 1110.976182,
        "fair_value": 998.750031,
        "relative_strength": -0.108632,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 17.297987,
        "energy": 10.289333,
        "activity_lines": [
          1155.794808,
          1160.339362,
          1165.599399,
          1143.437621
        ]
      },
      {
        "date": "2024-06-14",
        "close": 1112.417603,
        "volume": 2928486,
        "typical_volume": 4767686.6,
        "trend": 1114.613013,
        "fair_value": 1000.626389,
        "relative_strength": -2.282475,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 1.347693,
        "energy": 8.863075,
        "activity_lines": [
          1139.536686,
          1150.503909,
          1162.370543,
          1143.530616
        ]
      },
      {
        "date": "2024-06-21",
        "close": 1159.392944,
        "volume": 3190458,
        "typical_volume": 4776503.05,
        "trend": 1119.049544,
        "fair_value": 1002.623343,
        "relative_strength": 0.74918,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 12.469386,
        "energy": 11.286909,
        "activity_lines": [
          1143.467961,
          1150.732391,
          1163.224465,
          1146.419644
        ]
      },
      {
        "date": "2024-06-28",
        "close": 1149.398193,
        "volume": 2272884,
        "typical_volume": 4732478.5,
        "trend": 1123.286159,
        "fair_value": 1004.610002,
        "relative_strength": 0.836033,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 13.020979,
        "energy": 9.605341,
        "activity_lines": [
          1144.534074,
          1149.303769,
          1162.454647,
          1148.377622
        ]
      },
      {
        "date": "2024-07-05",
        "close": 1116.415283,
        "volume": 3854774,
        "typical_volume": 4824684.55,
        "trend": 1125.690521,
        "fair_value": 1006.225189,
        "relative_strength": -2.420392,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 1.935379,
        "energy": 8.622245,
        "activity_lines": [
          1135.671989,
          1142.310949,
          1158.024024,
          1147.934339
        ]
      },
      {
        "date": "2024-07-12",
        "close": 1262.339111,
        "volume": 5730935,
        "typical_volume": 4939778.4,
        "trend": 1133.292108,
        "fair_value": 1008.784747,
        "relative_strength": 9.561007,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 53.076572,
        "energy": 27.93444,
        "activity_lines": [
          1177.116984,
          1163.518046,
          1167.195016,
          1156.750377
        ]
      },
      {
        "date": "2024-07-19",
        "close": 1236.352661,
        "volume": 2735796,
        "typical_volume": 4778211.35,
        "trend": 1139.594444,
        "fair_value": 1010.986956,
        "relative_strength": 8.475995,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 57.098288,
        "energy": 44.553921,
        "activity_lines": [
          1202.570329,
          1177.292658,
          1173.066892,
          1163.399445
        ]
      },
      {
        "date": "2024-07-26",
        "close": 1250.345337,
        "volume": 2001361,
        "typical_volume": 4408977.4,
        "trend": 1146.16334,
        "fair_value": 1013.391532,
        "relative_strength": 7.857176,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.100427,
        "energy": 56.897624,
        "activity_lines": [
          1224.425561,
          1192.593741,
          1179.856453,
          1170.544664
        ]
      },
      {
        "date": "2024-08-02",
        "close": 1209.366699,
        "volume": 2603680,
        "typical_volume": 4354130.8,
        "trend": 1151.033177,
        "fair_value": 1015.237664,
        "relative_strength": 5.681344,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.26293,
        "energy": 58.260229,
        "activity_lines": [
          1226.557755,
          1198.917689,
          1182.452048,
          1174.6223
        ]
      },
      {
        "date": "2024-08-09",
        "close": 1166.389282,
        "volume": 6532124,
        "typical_volume": 4345130.95,
        "trend": 1154.53705,
        "fair_value": 1016.632363,
        "relative_strength": 1.998264,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 45.06903,
        "energy": 38.971865,
        "activity_lines": [
          1210.366243,
          1196.627981,
          1180.996455,
          1175.613017
        ]
      },
      {
        "date": "2024-08-16",
        "close": 1191.47583,
        "volume": 5954984,
        "typical_volume": 4451923.55,
        "trend": 1159.343492,
        "fair_value": 1018.305675,
        "relative_strength": 2.285779,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 45.281857,
        "energy": 22.779434,
        "activity_lines": [
          1199.205314,
          1198.445155,
          1182.24799,
          1177.996164
        ]
      },
      {
        "date": "2024-08-23",
        "close": 1189.476685,
        "volume": 5398215,
        "typical_volume": 4510771.2,
        "trend": 1164.649575,
        "fair_value": 1019.962331,
        "relative_strength": 1.801973,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 31.130283,
        "energy": 14.596369,
        "activity_lines": [
          1192.102222,
          1199.188317,
          1183.536155,
          1179.940241
        ]
      },
      {
        "date": "2024-08-30",
        "close": 1176.482422,
        "volume": 3530899,
        "typical_volume": 4279508.3,
        "trend": 1169.922241,
        "fair_value": 1021.572823,
        "relative_strength": 0.029662,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 24.272278,
        "energy": 14.427029,
        "activity_lines": [
          1183.792774,
          1196.167811,
          1183.618696,
          1180.70365
        ]
      },
      {
        "date": "2024-09-06",
        "close": 1164.487671,
        "volume": 5900881,
        "typical_volume": 4238036.55,
        "trend": 1174.062248,
        "fair_value": 1023.135877,
        "relative_strength": 1.261286,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 17.952507,
        "energy": 11.438736,
        "activity_lines": [
          1176.409269,
          1190.655724,
          1182.519438,
          1180.353033
        ]
      },
      {
        "date": "2024-09-13",
        "close": 1179.481201,
        "volume": 3007749,
        "typical_volume": 4128310.15,
        "trend": 1178.235693,
        "fair_value": 1025.18302,
        "relative_strength": 1.335788,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 3.666763,
        "energy": 5.587707,
        "activity_lines": [
          1177.015544,
          1187.595379,
          1182.889605,
          1180.702643
        ]
      },
      {
        "date": "2024-09-20",
        "close": 1142.497314,
        "volume": 13906387,
        "typical_volume": 4554798.0,
        "trend": 1180.010478,
        "fair_value": 1027.066073,
        "relative_strength": -1.345929,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -43.197147,
        "energy": 22.781319,
        "activity_lines": [
          1164.421061,
          1176.664038,
          1179.874122,
          1178.396941
        ]
      },
      {
        "date": "2024-09-27",
        "close": 1165.487305,
        "volume": 4437010,
        "typical_volume": 4661015.45,
        "trend": 1180.552958,
        "fair_value": 1029.191251,
        "relative_strength": -0.568543,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -36.360624,
        "energy": 20.706787,
        "activity_lines": [
          1162.755143,
          1172.091637,
          1178.909684,
          1177.459962
        ]
      },
      {
        "date": "2024-10-04",
        "close": 1137.499512,
        "volume": 5080442,
        "typical_volume": 4644786.7,
        "trend": 1178.830098,
        "fair_value": 1031.175433,
        "relative_strength": -2.575117,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -45.134485,
        "energy": 30.366192,
        "activity_lines": [
          1153.359253,
          1163.719008,
          1175.350668,
          1174.68232
        ]
      },
      {
        "date": "2024-10-11",
        "close": 1120.50708,
        "volume": 3259784,
        "typical_volume": 4619190.9,
        "trend": 1175.574817,
        "fair_value": 1033.044288,
        "relative_strength": -3.874451,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -60.65903,
        "energy": 48.890689,
        "activity_lines": [
          1140.898079,
          1154.308587,
          1170.310896,
          1170.919545
        ]
      },
      {
        "date": "2024-10-18",
        "close": 1143.496948,
        "volume": 3120542,
        "typical_volume": 4480540.0,
        "trend": 1172.586206,
        "fair_value": 1035.174473,
        "relative_strength": -3.199911,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -50.810459,
        "energy": 41.97936,
        "activity_lines": [
          1139.032235,
          1150.693772,
          1167.674362,
          1168.850005
        ]
      },
      {
        "date": "2024-10-25",
        "close": 1109.511841,
        "volume": 2128218,
        "typical_volume": 4378780.45,
        "trend": 1168.264897,
        "fair_value": 1036.953639,
        "relative_strength": -4.891048,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -62.145157,
        "energy": 52.455634,
        "activity_lines": [
          1128.236971,
          1141.316071,
          1161.791177,
          1164.780691
        ]
      },
      {
        "date": "2024-11-01",
        "close": 1093.518921,
        "volume": 2715746,
        "typical_volume": 4368143.45,
        "trend": 1164.842838,
        "fair_value": 1038.686625,
        "relative_strength": -5.491651,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.408394,
        "energy": 58.569407,
        "activity_lines": [
          1114.309766,
          1130.520821,
          1154.58907,
          1159.95837
        ]
      },
      {
        "date": "2024-11-08",
        "close": 1037.543579,
        "volume": 5102222,
        "typical_volume": 4463731.65,
        "trend": 1160.487634,
        "fair_value": 1039.994213,
        "relative_strength": -9.102665,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.405329,
        "energy": 73.173212,
        "activity_lines": [
          1086.522005,
          1111.292922,
          1142.145972,
          1151.745515
        ]
      },
      {
        "date": "2024-11-15",
        "close": 1035.544434,
        "volume": 2612455,
        "typical_volume": 4480710.2,
        "trend": 1155.899235,
        "fair_value": 1041.178866,
        "relative_strength": -9.113583,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.751292,
        "energy": 80.548914,
        "activity_lines": [
          1064.731592,
          1094.227703,
          1130.092714,
          1143.684663
        ]
      },
      {
        "date": "2024-11-22",
        "close": 1040.542236,
        "volume": 6864278,
        "typical_volume": 4631185.4,
        "trend": 1150.31156,
        "fair_value": 1042.537686,
        "relative_strength": -10.734035,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.298308,
        "energy": 80.27695,
        "activity_lines": [
          1050.271289,
          1080.415598,
          1119.057597,
          1136.242276
        ]
      },
      {
        "date": "2024-11-29",
        "close": 1049.538208,
        "volume": 2570386,
        "typical_volume": 4473157.95,
        "trend": 1148.182271,
        "fair_value": 1043.955453,
        "relative_strength": -10.124227,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.750056,
        "energy": 78.373108,
        "activity_lines": [
          1045.673291,
          1070.765288,
          1109.240541,
          1129.740769
        ]
      },
      {
        "date": "2024-12-06",
        "close": 1125.504761,
        "volume": 8461467,
        "typical_volume": 4759441.5,
        "trend": 1146.353035,
        "fair_value": 1045.565681,
        "relative_strength": -3.82965,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.433756,
        "energy": 44.896799,
        "activity_lines": [
          1070.395719,
          1076.617243,
          1107.671731,
          1128.277704
        ]
      },
      {
        "date": "2024-12-13",
        "close": 1149.494385,
        "volume": 4656314,
        "typical_volume": 4892189.15,
        "trend": 1145.789872,
        "fair_value": 1047.438527,
        "relative_strength": -1.70809,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -28.201233,
        "energy": 18.031294,
        "activity_lines": [
          1100.9823,
          1087.557904,
          1108.915495,
          1128.480372
        ]
      },
      {
        "date": "2024-12-20",
        "close": 1083.523315,
        "volume": 4812670,
        "typical_volume": 5002638.65,
        "trend": 1143.06099,
        "fair_value": 1048.944823,
        "relative_strength": -4.850859,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -35.303324,
        "energy": 23.3592,
        "activity_lines": [
          1102.115137,
          1086.285736,
          1104.356543,
          1124.463175
        ]
      },
      {
        "date": "2024-12-27",
        "close": 1075.526855,
        "volume": 1312634,
        "typical_volume": 4741664.15,
        "trend": 1140.865141,
        "fair_value": 1050.328153,
        "relative_strength": -6.254485,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.842931,
        "energy": 25.709696,
        "activity_lines": [
          1097.383895,
          1084.232098,
          1099.635277,
          1120.106134
        ]
      },
      {
        "date": "2025-01-03",
        "close": 1098.516602,
        "volume": 2093306,
        "typical_volume": 4548580.25,
        "trend": 1139.069141,
        "fair_value": 1051.45423,
        "relative_strength": -5.053578,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.137775,
        "energy": 19.157063,
        "activity_lines": [
          1097.983594,
          1087.594234,
          1097.536189,
          1117.37397
        ]
      },
      {
        "date": "2025-01-10",
        "close": 1038.542969,
        "volume": 4030053,
        "typical_volume": 4480172.15,
        "trend": 1136.606653,
        "fair_value": 1052.029401,
        "relative_strength": -10.341068,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.286761,
        "energy": 39.042712,
        "activity_lines": [
          1075.326856,
          1080.251986,
          1090.16799,
          1110.88841
        ]
      },
      {
        "date": "2025-01-17",
        "close": 1103.514526,
        "volume": 5946866,
        "typical_volume": 4600970.5,
        "trend": 1134.744039,
        "fair_value": 1053.100445,
        "relative_strength": -7.472942,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.157386,
        "energy": 28.139139,
        "activity_lines": [
          1080.124756,
          1085.722312,
          1089.70629,
          1108.753435
        ]
      },
      {
        "date": "2025-01-24",
        "close": 1065.531128,
        "volume": 3908444,
        "typical_volume": 4501348.65,
        "trend": 1131.94847,
        "fair_value": 1053.776912,
        "relative_strength": -10.510268,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.128301,
        "energy": 30.749212,
        "activity_lines": [
          1075.326847,
          1083.087094,
          1085.974589,
          1104.288085
        ]
      },
      {
        "date": "2025-01-31",
        "close": 1092.519287,
        "volume": 3737341,
        "typical_volume": 4537828.25,
        "trend": 1131.151937,
        "fair_value": 1054.457361,
        "relative_strength": -9.962915,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.591116,
        "energy": 26.175069,
        "activity_lines": [
          1080.724471,
          1084.813601,
          1085.284411,
          1101.744267
        ]
      },
      {
        "date": "2025-02-07",
        "close": 1088.521118,
        "volume": 2922999,
        "typical_volume": 3988658.85,
        "trend": 1125.358004,
        "fair_value": 1055.192848,
        "relative_strength": -10.414597,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.659295,
        "energy": 14.777964,
        "activity_lines": [
          1083.656543,
          1084.868131,
          1084.627559,
          1098.993892
        ]
      },
      {
        "date": "2025-02-14",
        "close": 1069.529541,
        "volume": 2816317,
        "typical_volume": 3907624.2,
        "trend": 1119.797233,
        "fair_value": 1056.122867,
        "relative_strength": -12.127921,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.819992,
        "energy": 20.448376,
        "activity_lines": [
          1080.924455,
          1080.760866,
          1082.419016,
          1095.392055
        ]
      },
      {
        "date": "2025-02-21",
        "close": 1043.541016,
        "volume": 3254158,
        "typical_volume": 3816310.0,
        "trend": 1112.903756,
        "fair_value": 1056.925987,
        "relative_strength": -13.290089,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.979451,
        "energy": 29.788369,
        "activity_lines": [
          1067.463753,
          1072.946147,
          1078.192316,
          1090.472299
        ]
      },
      {
        "date": "2025-02-28",
        "close": 1185.478394,
        "volume": 8374724,
        "typical_volume": 4072057.0,
        "trend": 1112.107479,
        "fair_value": 1059.224128,
        "relative_strength": -2.97508,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 6.498501,
        "energy": 8.198274,
        "activity_lines": [
          1105.313745,
          1092.864649,
          1087.930883,
          1095.154534
        ]
      },
      {
        "date": "2025-03-07",
        "close": 1153.492432,
        "volume": 5181074,
        "typical_volume": 4175083.6,
        "trend": 1111.677584,
        "fair_value": 1060.710296,
        "relative_strength": -3.883187,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 20.540061,
        "energy": 28.136354,
        "activity_lines": [
          1124.505266,
          1105.113792,
          1094.313781,
          1097.824531
        ]
      },
      {
        "date": "2025-03-14",
        "close": 1116.508667,
        "volume": 3899213,
        "typical_volume": 4263633.35,
        "trend": 1109.178678,
        "fair_value": 1061.913293,
        "relative_strength": -6.082204,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 10.70022,
        "energy": 26.601985,
        "activity_lines": [
          1127.303988,
          1109.221058,
          1097.126818,
          1098.136214
        ]
      },
      {
        "date": "2025-03-21",
        "close": 1155.491699,
        "volume": 4580664,
        "typical_volume": 4356879.25,
        "trend": 1108.045846,
        "fair_value": 1063.174112,
        "relative_strength": -2.669005,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 31.119977,
        "energy": 41.401293,
        "activity_lines": [
          1141.231218,
          1120.08902,
          1103.619207,
          1101.124151
        ]
      },
      {
        "date": "2025-03-28",
        "close": 1202.470947,
        "volume": 4018036,
        "typical_volume": 4302669.95,
        "trend": 1108.91213,
        "fair_value": 1064.542733,
        "relative_strength": 1.38732,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 42.702734,
        "energy": 55.116746,
        "activity_lines": [
          1165.087386,
          1137.372323,
          1114.290701,
          1107.216093
        ]
      },
      {
        "date": "2025-04-04",
        "close": 1110.511353,
        "volume": 3555987,
        "typical_volume": 4349846.55,
        "trend": 1107.112919,
        "fair_value": 1065.357722,
        "relative_strength": 0.842385,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 52.925758,
        "energy": 36.420786,
        "activity_lines": [
          1147.695028,
          1136.136492,
          1115.41877,
          1107.319269
        ]
      },
      {
        "date": "2025-04-11",
        "close": 1102.514893,
        "volume": 9955901,
        "typical_volume": 4504427.7,
        "trend": 1104.547376,
        "fair_value": 1066.389067,
        "relative_strength": 1.367059,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 45.150902,
        "energy": 24.860489,
        "activity_lines": [
          1132.634986,
          1132.628937,
          1115.428287,
          1107.022622
        ]
      },
      {
        "date": "2025-04-18",
        "close": 1170.485107,
        "volume": 5147531,
        "typical_volume": 4633284.95,
        "trend": 1105.480302,
        "fair_value": 1068.03666,
        "relative_strength": 3.669968,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 56.734292,
        "energy": 29.530427,
        "activity_lines": [
          1143.630184,
          1141.297865,
          1121.616049,
          1111.276669
        ]
      },
      {
        "date": "2025-04-25",
        "close": 1103.725464,
        "volume": 3303608,
        "typical_volume": 4375392.0,
        "trend": 1103.421574,
        "fair_value": 1069.051436,
        "relative_strength": -3.630002,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 28.525938,
        "energy": 15.82766,
        "activity_lines": [
          1128.773739,
          1136.338421,
          1120.869812,
          1111.163454
        ]
      },
      {
        "date": "2025-05-02",
        "close": 1128.71936,
        "volume": 9530938,
        "typical_volume": 4619123.2,
        "trend": 1103.128902,
        "fair_value": 1070.353339,
        "relative_strength": -3.465824,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 29.549954,
        "energy": 14.018059,
        "activity_lines": [
          1125.699674,
          1135.301578,
          1122.607657,
          1112.795569
        ]
      },
      {
        "date": "2025-05-09",
        "close": 1149.714111,
        "volume": 7509155,
        "typical_volume": 4753947.45,
        "trend": 1104.10247,
        "fair_value": 1071.641263,
        "relative_strength": -1.114281,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 35.878927,
        "energy": 17.572046,
        "activity_lines": [
          1134.540633,
          1136.533265,
          1126.443931,
          1115.801066
        ]
      },
      {
        "date": "2025-05-16",
        "close": 1184.705322,
        "volume": 8866640,
        "typical_volume": 5131647.75,
        "trend": 1105.476082,
        "fair_value": 1073.189349,
        "relative_strength": 0.402281,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 53.671736,
        "energy": 25.738206,
        "activity_lines": [
          1152.431811,
          1144.77725,
          1133.297507,
          1121.00125
        ]
      },
      {
        "date": "2025-05-23",
        "close": 1257.687134,
        "volume": 5583325,
        "typical_volume": 5306148.7,
        "trend": 1110.415259,
        "fair_value": 1075.129706,
        "relative_strength": 6.116678,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 71.236578,
        "energy": 56.455072,
        "activity_lines": [
          1189.170898,
          1165.723149,
          1146.581835,
          1130.821318
        ]
      },
      {
        "date": "2025-05-30",
        "close": 1260.686401,
        "volume": 4208633,
        "typical_volume": 5315077.7,
        "trend": 1115.987508,
        "fair_value": 1077.371043,
        "relative_strength": 5.623697,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.008799,
        "energy": 70.837108,
        "activity_lines": [
          1221.096273,
          1184.647487,
          1159.393852,
          1140.51623
        ]
      },
      {
        "date": "2025-06-06",
        "close": 1350.664063,
        "volume": 6169198,
        "typical_volume": 5326194.3,
        "trend": 1126.424858,
        "fair_value": 1080.29802,
        "relative_strength": 12.116571,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.489783,
        "energy": 84.592142,
        "activity_lines": [
          1272.550138,
          1218.01877,
          1179.717344,
          1155.656653
        ]
      },
      {
        "date": "2025-06-13",
        "close": 1278.682007,
        "volume": 3938210,
        "typical_volume": 5327682.6,
        "trend": 1134.529443,
        "fair_value": 1082.516399,
        "relative_strength": 5.870721,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.308034,
        "energy": 77.8402,
        "activity_lines": [
          1285.213672,
          1235.607986,
          1192.0085,
          1165.479695
        ]
      },
      {
        "date": "2025-06-20",
        "close": 1268.684448,
        "volume": 6016459,
        "typical_volume": 5441638.5,
        "trend": 1142.134184,
        "fair_value": 1084.554146,
        "relative_strength": 5.894221,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.178367,
        "energy": 73.593827,
        "activity_lines": [
          1285.946826,
          1248.321815,
          1202.332503,
          1174.134857
        ]
      },
      {
        "date": "2025-06-27",
        "close": 1275.682739,
        "volume": 10240393,
        "typical_volume": 5807508.2,
        "trend": 1149.672335,
        "fair_value": 1086.673894,
        "relative_strength": 6.122793,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.879761,
        "energy": 61.751012,
        "activity_lines": [
          1283.414136,
          1259.286796,
          1212.484128,
          1182.750893
        ]
      },
      {
        "date": "2025-07-04",
        "close": 1250.688965,
        "volume": 4331287,
        "typical_volume": 5883256.7,
        "trend": 1153.845142,
        "fair_value": 1088.650076,
        "relative_strength": 3.677798,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.677948,
        "energy": 41.250965,
        "activity_lines": [
          1271.35048,
          1263.794771,
          1219.364148,
          1189.268094
        ]
      },
      {
        "date": "2025-07-11",
        "close": 1233.693115,
        "volume": 5130771,
        "typical_volume": 5977087.35,
        "trend": 1156.651766,
        "fair_value": 1090.945062,
        "relative_strength": 1.129964,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.778345,
        "energy": 29.969231,
        "activity_lines": [
          1254.288037,
          1262.540527,
          1223.762852,
          1194.419577
        ]
      },
      {
        "date": "2025-07-18",
        "close": 1285.680176,
        "volume": 3491939,
        "typical_volume": 5732948.1,
        "trend": 1163.390328,
        "fair_value": 1093.559212,
        "relative_strength": 4.921175,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 47.699469,
        "energy": 31.712436,
        "activity_lines": [
          1262.352677,
          1268.829863,
          1232.207218,
          1202.74399
        ]
      },
      {
        "date": "2025-07-25",
        "close": 1307.674805,
        "volume": 4058958,
        "typical_volume": 5676842.3,
        "trend": 1171.128593,
        "fair_value": 1096.225984,
        "relative_strength": 5.327864,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 64.69913,
        "energy": 40.086513,
        "activity_lines": [
          1277.282316,
          1276.646112,
          1242.269159,
          1212.052666
        ]
      },
      {
        "date": "2025-08-01",
        "close": 1267.684692,
        "volume": 2968623,
        "typical_volume": 5630312.8,
        "trend": 1176.767529,
        "fair_value": 1098.580059,
        "relative_strength": 2.80733,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 52.869086,
        "energy": 35.564211,
        "activity_lines": [
          1276.28256,
          1274.955622,
          1247.788317,
          1218.282092
        ]
      },
      {
        "date": "2025-08-08",
        "close": 1352.663574,
        "volume": 13935798,
        "typical_volume": 6098069.5,
        "trend": 1187.238216,
        "fair_value": 1101.369354,
        "relative_strength": 9.280698,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.992816,
        "energy": 47.214555,
        "activity_lines": [
          1304.142301,
          1288.534064,
          1260.680815,
          1229.630224
        ]
      },
      {
        "date": "2025-08-15",
        "close": 1319.778564,
        "volume": 10214936,
        "typical_volume": 6407914.5,
        "trend": 1194.447017,
        "fair_value": 1103.922231,
        "relative_strength": 6.104047,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.598605,
        "energy": 44.724288,
        "activity_lines": [
          1314.242065,
          1294.461102,
          1269.502494,
          1238.181214
        ]
      },
      {
        "date": "2025-08-22",
        "close": 1337.775635,
        "volume": 12210854,
        "typical_volume": 6840657.85,
        "trend": 1203.521834,
        "fair_value": 1106.850485,
        "relative_strength": 5.435032,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.58795,
        "energy": 50.255862,
        "activity_lines": [
          1324.601823,
          1304.221888,
          1279.479572,
          1247.428222
        ]
      },
      {
        "date": "2025-08-29",
        "close": 1304.781128,
        "volume": 3302098,
        "typical_volume": 6507967.7,
        "trend": 1210.597229,
        "fair_value": 1109.476295,
        "relative_strength": 4.312461,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.089974,
        "energy": 45.846487,
        "activity_lines": [
          1320.490381,
          1306.909244,
          1285.232106,
          1253.961079
        ]
      },
      {
        "date": "2025-09-05",
        "close": 1283.784668,
        "volume": 3657323,
        "typical_volume": 6433457.3,
        "trend": 1217.106014,
        "fair_value": 1111.866326,
        "relative_strength": 2.443086,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 52.686532,
        "energy": 34.451473,
        "activity_lines": [
          1309.573031,
          1305.122758,
          1288.021803,
          1258.682849
        ]
      },
      {
        "date": "2025-09-12",
        "close": 1305.781006,
        "volume": 3231687,
        "typical_volume": 6429861.25,
        "trend": 1224.981063,
        "fair_value": 1114.239815,
        "relative_strength": 3.383294,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 41.473477,
        "energy": 27.117025,
        "activity_lines": [
          1304.914461,
          1307.188299,
          1292.366869,
          1264.403817
        ]
      },
      {
        "date": "2025-09-19",
        "close": 1315.779297,
        "volume": 11500020,
        "typical_volume": 6528315.35,
        "trend": 1234.055672,
        "fair_value": 1116.838783,
        "relative_strength": 4.869268,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 42.058172,
        "energy": 24.278017,
        "activity_lines": [
          1306.71416,
          1310.070037,
          1296.701983,
          1270.261767
        ]
      },
      {
        "date": "2025-09-26",
        "close": 1341.774902,
        "volume": 5215921,
        "typical_volume": 6413653.65,
        "trend": 1239.265556,
        "fair_value": 1119.78883,
        "relative_strength": 6.090187,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.692766,
        "energy": 32.678398,
        "activity_lines": [
          1317.445679,
          1316.185773,
          1302.622108,
          1277.211395
        ]
      },
      {
        "date": "2025-10-03",
        "close": 1384.7677,
        "volume": 5447148,
        "typical_volume": 6242679.05,
        "trend": 1246.974731,
        "fair_value": 1122.985014,
        "relative_strength": 6.978544,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.123116,
        "energy": 51.821143,
        "activity_lines": [
          1342.241512,
          1329.098477,
          1311.72221,
          1286.59863
        ]
      },
      {
        "date": "2025-10-10",
        "close": 1397.765503,
        "volume": 4043967,
        "typical_volume": 6165711.15,
        "trend": 1256.349959,
        "fair_value": 1126.397723,
        "relative_strength": 8.522056,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.916914,
        "energy": 69.255133,
        "activity_lines": [
          1366.037508,
          1342.972729,
          1321.107519,
          1296.327067
        ]
      },
      {
        "date": "2025-10-17",
        "close": 1337.775635,
        "volume": 5152077,
        "typical_volume": 6212883.35,
        "trend": 1262.42609,
        "fair_value": 1129.420758,
        "relative_strength": 4.582645,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.955308,
        "energy": 58.729024,
        "activity_lines": [
          1362.238159,
          1343.574627,
          1324.112469,
          1301.580336
        ]
      },
      {
        "date": "2025-10-24",
        "close": 1379.768555,
        "volume": 6356918,
        "typical_volume": 6222269.35,
        "trend": 1268.336011,
        "fair_value": 1132.506764,
        "relative_strength": 4.48579,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.973382,
        "energy": 59.6518,
        "activity_lines": [
          1370.303475,
          1352.082291,
          1330.749652,
          1309.150818
        ]
      },
      {
        "date": "2025-10-31",
        "close": 1374.769409,
        "volume": 4461609,
        "typical_volume": 6248439.3,
        "trend": 1277.144613,
        "fair_value": 1135.079126,
        "relative_strength": 3.226696,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.746372,
        "energy": 43.363113,
        "activity_lines": [
          1372.436458,
          1358.590292,
          1336.772133,
          1316.017489
        ]
      },
      {
        "date": "2025-11-07",
        "close": 1373.769531,
        "volume": 7346098,
        "typical_volume": 6314921.25,
        "trend": 1286.186434,
        "fair_value": 1137.692471,
        "relative_strength": 3.327729,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.32256,
        "energy": 40.956398,
        "activity_lines": [
          1372.036515,
          1364.243883,
          1342.241829,
          1322.251355
        ]
      },
      {
        "date": "2025-11-14",
        "close": 1360.771729,
        "volume": 5518899,
        "typical_volume": 6078846.55,
        "trend": 1292.529321,
        "fair_value": 1140.141803,
        "relative_strength": 2.013522,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.525747,
        "energy": 39.011158,
        "activity_lines": [
          1368.037183,
          1366.279903,
          1345.973233,
          1327.063309
        ]
      },
      {
        "date": "2025-11-21",
        "close": 1327.777222,
        "volume": 6429530,
        "typical_volume": 6183758.7,
        "trend": 1299.997713,
        "fair_value": 1142.220168,
        "relative_strength": 1.008906,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 38.182865,
        "energy": 23.880298,
        "activity_lines": [
          1355.505933,
          1360.917157,
          1346.157119,
          1329.337367
        ]
      },
      {
        "date": "2025-11-28",
        "close": 1339.775269,
        "volume": 9174613,
        "typical_volume": 6385950.8,
        "trend": 1307.03291,
        "fair_value": 1144.26337,
        "relative_strength": -0.129992,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.270608,
        "energy": 16.571567,
        "activity_lines": [
          1347.640593,
          1357.335942,
          1347.116588,
          1331.903661
        ]
      },
      {
        "date": "2025-12-05",
        "close": 1312.779785,
        "volume": 7384154,
        "typical_volume": 6580561.55,
        "trend": 1312.468433,
        "fair_value": 1145.957408,
        "relative_strength": -1.605353,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 15.294735,
        "energy": 14.72247,
        "activity_lines": [
          1333.442977,
          1348.410167,
          1344.999905,
          1332.274427
        ]
      },
      {
        "date": "2025-12-12",
        "close": 1348.773682,
        "volume": 5542833,
        "typical_volume": 6654755.3,
        "trend": 1317.937378,
        "fair_value": 1147.87257,
        "relative_strength": 1.262746,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 25.118124,
        "energy": 17.465096,
        "activity_lines": [
          1335.375969,
          1346.555922,
          1346.182167,
          1334.616701
        ]
      },
      {
        "date": "2025-12-19",
        "close": 1426.76062,
        "volume": 7543851,
        "typical_volume": 6883516.7,
        "trend": 1323.573161,
        "fair_value": 1149.97064,
        "relative_strength": 4.282232,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 64.228408,
        "energy": 30.25582,
        "activity_lines": [
          1364.970996,
          1359.535556,
          1354.596048,
          1341.637556
        ]
      },
      {
        "date": "2025-12-26",
        "close": 1427.760498,
        "volume": 3525222,
        "typical_volume": 6362987.9,
        "trend": 1329.142297,
        "fair_value": 1152.145565,
        "relative_strength": 4.453389,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 66.239205,
        "energy": 52.701699,
        "activity_lines": [
          1390.500057,
          1372.169802,
          1362.347651,
          1348.359319
        ]
      },
      {
        "date": "2026-01-02",
        "close": 1397.765503,
        "volume": 2798345,
        "typical_volume": 5992158.35,
        "trend": 1330.712345,
        "fair_value": 1153.974513,
        "relative_strength": 1.335846,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.301193,
        "energy": 60.7856,
        "activity_lines": [
          1399.365234,
          1377.714324,
          1366.884983,
          1352.786623
        ]
      },
      {
        "date": "2026-01-09",
        "close": 1394.765991,
        "volume": 3501440,
        "typical_volume": 5556687.65,
        "trend": 1334.581812,
        "fair_value": 1155.790638,
        "relative_strength": -0.777598,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.66023,
        "energy": 62.456243,
        "activity_lines": [
          1403.364559,
          1382.386264,
          1370.76528,
          1356.919116
        ]
      },
      {
        "date": "2026-01-16",
        "close": 1388.766968,
        "volume": 4555305,
        "typical_volume": 5619348.0,
        "trend": 1338.584562,
        "fair_value": 1157.497862,
        "relative_strength": -2.353205,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.921652,
        "energy": 53.764194,
        "activity_lines": [
          1399.898462,
          1385.603897,
          1373.80286,
          1360.414933
        ]
      },
      {
        "date": "2026-01-23",
        "close": 1507.74707,
        "volume": 7738999,
        "typical_volume": 5823431.8,
        "trend": 1346.32004,
        "fair_value": 1159.913342,
        "relative_strength": 6.628819,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.759164,
        "energy": 65.91266,
        "activity_lines": [
          1433.42618,
          1410.181596,
          1387.771945,
          1371.328643
        ]
      },
      {
        "date": "2026-01-30",
        "close": 1481.751465,
        "volume": 6824242,
        "typical_volume": 6003059.55,
        "trend": 1354.022123,
        "fair_value": 1162.223024,
        "relative_strength": 3.697827,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.561177,
        "energy": 67.352706,
        "activity_lines": [
          1452.8896,
          1427.360542,
          1398.198771,
          1380.066154
        ]
      },
      {
        "date": "2026-02-06",
        "close": 1499.748413,
        "volume": 6688418,
        "typical_volume": 5762479.45,
        "trend": 1362.890633,
        "fair_value": 1164.670486,
        "relative_strength": 3.199428,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.714409,
        "energy": 74.783187,
        "activity_lines": [
          1474.752604,
          1445.012129,
          1409.501638,
          1389.46785
        ]
      },
      {
        "date": "2026-02-13",
        "close": 1439.758423,
        "volume": 9468605,
        "typical_volume": 5975113.65,
        "trend": 1368.026575,
        "fair_value": 1166.61492,
        "relative_strength": -1.861684,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.423595,
        "energy": 63.989847,
        "activity_lines": [
          1469.820085,
          1448.847843,
          1414.215128,
          1394.427063
        ]
      },
      {
        "date": "2026-02-20",
        "close": 1463.754395,
        "volume": 9351441,
        "typical_volume": 6170328.3,
        "trend": 1373.229228,
        "fair_value": 1168.783619,
        "relative_strength": -2.690674,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.420859,
        "energy": 45.699769,
        "activity_lines": [
          1469.886727,
          1454.737758,
          1420.747361,
          1400.603051
        ]
      },
      {
        "date": "2026-02-27",
        "close": 1547.740356,
        "volume": 5963104,
        "typical_volume": 6266285.15,
        "trend": 1382.564417,
        "fair_value": 1171.679615,
        "relative_strength": 0.68275,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.049001,
        "energy": 53.668293,
        "activity_lines": [
          1492.949528,
          1473.807289,
          1434.90213,
          1411.861834
        ]
      },
      {
        "date": "2026-03-06",
        "close": 1460.755005,
        "volume": 7088927,
        "typical_volume": 6363127.65,
        "trend": 1386.167464,
        "fair_value": 1173.829087,
        "relative_strength": 0.680596,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.990046,
        "energy": 37.513507,
        "activity_lines": [
          1484.350993,
          1474.86167,
          1440.058414,
          1416.906388
        ]
      },
      {
        "date": "2026-03-13",
        "close": 1490.749878,
        "volume": 9089297,
        "typical_volume": 6499746.6,
        "trend": 1391.866508,
        "fair_value": 1176.711991,
        "relative_strength": 2.760975,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.491562,
        "energy": 38.808233,
        "activity_lines": [
          1487.150513,
          1480.769764,
          1447.485736,
          1423.65364
        ]
      },
      {
        "date": "2026-03-20",
        "close": 1512.746216,
        "volume": 10807581,
        "typical_volume": 6817045.2,
        "trend": 1397.698861,
        "fair_value": 1179.630226,
        "relative_strength": 7.605889,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.271549,
        "energy": 42.44164,
        "activity_lines": [
          1497.882048,
          1488.986568,
          1456.479465,
          1431.452331
        ]
      },
      {
        "date": "2026-03-27",
        "close": 1509.746704,
        "volume": 3797698,
        "typical_volume": 6639625.2,
        "trend": 1404.531047,
        "fair_value": 1182.205822,
        "relative_strength": 6.681162,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.227479,
        "energy": 36.257775,
        "activity_lines": [
          1502.747892,
          1494.512911,
          1464.530494,
          1438.681224
        ]
      },
      {
        "date": "2026-04-03",
        "close": 1557.738647,
        "volume": 6881873,
        "typical_volume": 6707773.9,
        "trend": 1413.662846,
        "fair_value": 1184.916146,
        "relative_strength": 4.964828,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.589125,
        "energy": 44.985127,
        "activity_lines": [
          1520.544897,
          1506.56543,
          1476.504674,
          1448.565585
        ]
      },
      {
        "date": "2026-04-10",
        "close": 1576.735474,
        "volume": 7309551,
        "typical_volume": 6751774.95,
        "trend": 1422.694662,
        "fair_value": 1187.863518,
        "relative_strength": 4.453564,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.838931,
        "energy": 56.086192,
        "activity_lines": [
          1544.007625,
          1521.162979,
          1489.350137,
          1459.0864
        ]
      },
      {
        "date": "2026-04-17",
        "close": 1607.730347,
        "volume": 7649779,
        "typical_volume": 6675533.25,
        "trend": 1432.426363,
        "fair_value": 1190.804641,
        "relative_strength": 5.704536,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.779082,
        "energy": 63.804427,
        "activity_lines": [
          1570.069946,
          1539.668979,
          1503.961978,
          1471.024186
        ]
      },
      {
        "date": "2026-04-24",
        "close": 1560.0,
        "volume": 8721666,
        "typical_volume": 6742408.85,
        "trend": 1439.700533,
        "fair_value": 1193.234866,
        "relative_strength": 5.145823,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.208004,
        "energy": 63.390209,
        "activity_lines": [
          1572.423454,
          1547.533425,
          1512.752095,
          1479.254743
        ]
      },
      {
        "date": "2026-05-01",
        "close": 1549.0,
        "volume": 6330627,
        "typical_volume": 6781798.55,
        "trend": 1445.174943,
        "fair_value": 1195.817531,
        "relative_strength": 4.302708,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.20143,
        "energy": 52.044214,
        "activity_lines": [
          1567.960042,
          1551.211661,
          1519.317354,
          1486.306322
        ]
      },
      {
        "date": "2026-05-08",
        "close": 1624.0,
        "volume": 4746639,
        "typical_volume": 6641937.95,
        "trend": 1452.716093,
        "fair_value": 1198.733646,
        "relative_strength": 10.390535,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.22228,
        "energy": 50.835292,
        "activity_lines": [
          1585.879745,
          1566.976341,
          1532.072011,
          1497.843422
        ]
      },
      {
        "date": "2026-05-15",
        "close": 1841.0,
        "volume": 8726629,
        "typical_volume": 6902008.3,
        "trend": 1469.490238,
        "fair_value": 1203.060001,
        "relative_strength": 24.866168,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 89.974253,
        "energy": 78.409943,
        "activity_lines": [
          1671.715356,
          1620.809027,
          1564.5541,
          1522.893997
        ]
      },
      {
        "date": "2026-05-22",
        "close": 1816.0,
        "volume": 8468068,
        "typical_volume": 7185494.45,
        "trend": 1484.031287,
        "fair_value": 1207.206885,
        "relative_strength": 19.517687,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.347465,
        "energy": 86.3556,
        "activity_lines": [
          1731.6,
          1663.182713,
          1592.687429,
          1545.249466
        ]
      },
      {
        "date": "2026-05-29",
        "close": 1749.0,
        "volume": 5568065,
        "typical_volume": 7288825.7,
        "trend": 1496.50564,
        "fair_value": 1210.930685,
        "relative_strength": 15.36694,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.357591,
        "energy": 82.992588,
        "activity_lines": [
          1755.266667,
          1687.460942,
          1612.448213,
          1562.344221
        ]
      },
      {
        "date": "2026-06-05",
        "close": 1717.0,
        "volume": 1504480,
        "typical_volume": 7136284.45,
        "trend": 1507.946655,
        "fair_value": 1214.699163,
        "relative_strength": 13.514697,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.342797,
        "energy": 82.091441,
        "activity_lines": [
          1755.666667,
          1701.625466,
          1627.47455,
          1576.569664
        ]
      },
      {
        "date": "2026-06-12",
        "close": 1761.0,
        "volume": 923374,
        "typical_volume": 6795503.2,
        "trend": 1521.287598,
        "fair_value": 1218.839366,
        "relative_strength": 14.912909,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.737471,
        "energy": 69.540277,
        "activity_lines": [
          1759.533333,
          1720.021749,
          1645.128348,
          1592.895686
        ]
      },
      {
        "date": "2026-06-19",
        "close": 1780.0,
        "volume": 2202949,
        "typical_volume": 6564438.55,
        "trend": 1536.36169,
        "fair_value": 1223.421625,
        "relative_strength": 16.950062,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.206579,
        "energy": 56.780282,
        "activity_lines": [
          1760.6,
          1738.176915,
          1663.385703,
          1609.586809
        ]
      },
      {
        "date": "2026-06-26",
        "close": 1857.0,
        "volume": 938693,
        "typical_volume": 6276952.3,
        "trend": 1553.602515,
        "fair_value": 1228.337343,
        "relative_strength": 19.830981,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.726651,
        "energy": 62.473933,
        "activity_lines": [
          1791.4,
          1766.636364,
          1687.556161,
          1630.273151
        ]
      },
      {
        "date": "2026-07-03",
        "close": 1854.0,
        "volume": 458830,
        "typical_volume": 5826463.55,
        "trend": 1571.643188,
        "fair_value": 1233.502851,
        "relative_strength": 17.234666,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.59219,
        "energy": 67.518233,
        "activity_lines": [
          1818.466667,
          1790.018182,
          1709.739707,
          1649.653634
        ]
      },
      {
        "date": "2026-07-10",
        "close": 1856.0,
        "volume": 3611881,
        "typical_volume": 5539485.55,
        "trend": 1588.550732,
        "fair_value": 1238.482616,
        "relative_strength": 18.793595,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.302363,
        "energy": 74.683715,
        "activity_lines": [
          1839.2,
          1808.418182,
          1730.141149,
          1667.999235
        ]
      },
      {
        "date": "2026-07-17",
        "close": 1877.0,
        "volume": 5151224,
        "typical_volume": 5498891.55,
        "trend": 1603.558712,
        "fair_value": 1243.424055,
        "relative_strength": 18.447507,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.682662,
        "energy": 79.572521,
        "activity_lines": [
          1857.666667,
          1825.054545,
          1750.674756,
          1686.608865
        ]
      },
      {
        "date": "2026-07-24",
        "close": 1840.0,
        "volume": 6088763,
        "typical_volume": 5448883.35,
        "trend": 1617.300029,
        "fair_value": 1248.192367,
        "relative_strength": 14.232459,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.184738,
        "energy": 60.369337,
        "activity_lines": [
          1856.066667,
          1830.363636,
          1766.11665,
          1701.863142
        ]
      },
      {
        "date": "2026-07-31",
        "close": 1809.0,
        "volume": 7074920,
        "typical_volume": 5348164.5,
        "trend": 1631.007845,
        "fair_value": 1252.806799,
        "relative_strength": 10.567013,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.058747,
        "energy": 50.066209,
        "activity_lines": [
          1840.133333,
          1830.054545,
          1776.800234,
          1714.230882
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1829.0,
        "volume": 17924411,
        "typical_volume": 5704006.0,
        "trend": 1645.482312,
        "fair_value": 1257.677541,
        "relative_strength": 11.180218,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.654646,
        "energy": 44.169996,
        "activity_lines": [
          1834.066667,
          1833.509091,
          1787.873104,
          1727.004569
        ]
      }
    ],
    "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."
    }
  }
}