{
  "ticker": {
    "uuid": "5d563363-5a0a-44e9-b6a1-ec6af13a53fe",
    "symbol": "SPYX",
    "name": "STATE STREET SPDR S&P 500 FOSSIL FUEL RESERVES FREE ETF",
    "exchange": "NYSEARCA",
    "country": "US",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "SPY",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 92.677,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 81.637,
    "architecture_energy": 57.055,
    "architecture_maturity": 47.552,
    "architecture_confidence": 85.271,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 20.89,
        "rotation_up": 57.26,
        "upward_expansion": 81.44,
        "deceleration": 58.66,
        "rotation_down": 24.97,
        "downward_expansion": 8.11
      },
      "activity_lines": [
        61.904,
        61.462353,
        60.793126,
        59.577712
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 63.55,
    "trend_reference": 58.239833,
    "distance_from_trend": 0.091178,
    "trend_direction": "Improving",
    "fair_value": 47.795082,
    "distance_from_fair_value": 0.329635,
    "fair_value_direction": "Improving",
    "relative_strength": -0.12695,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.124721,
    "excess_performance": -0.000904,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.091178,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.031465,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.329635,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.008219,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.001269,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.005461,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.124721,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.135499,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 414277,
      "relative_activity": 0.750678,
      "balance": 4.135499,
      "dry_up": 0.697415,
      "accumulation_observations": 2,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.024618,
      "annualized_volatility": 0.147251,
      "from_high_reference": -0.003434,
      "from_low_reference": 0.239275
    },
    "levels": {
      "trend_reference": 58.239833,
      "fair_value_reference": 47.795082,
      "structural_low": 51.28,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 40,
        "median_return": 0.016978,
        "positive_rate": 0.65,
        "directional_follow_through": 0.65,
        "median_excess_return": -0.00011,
        "regime_survival": 0.8,
        "best_return": 0.060188,
        "worst_return": -0.075616,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 14,
        "median_return": 0.041863,
        "positive_rate": 0.857143,
        "directional_follow_through": 0.857143,
        "median_excess_return": -0.00025,
        "regime_survival": 0.642857,
        "best_return": 0.125846,
        "worst_return": -0.050286,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": 0.091474,
        "positive_rate": 0.875,
        "directional_follow_through": 0.875,
        "median_excess_return": -0.001742,
        "regime_survival": 0.625,
        "best_return": 0.169174,
        "worst_return": -0.169121,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.177838,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.001709,
        "regime_survival": 0.5,
        "best_return": 0.310128,
        "worst_return": -0.107699,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-24",
        "end": "2024-08-09",
        "tenure": "Developing",
        "return": 0.010991,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-16",
        "end": "2024-08-30",
        "tenure": "New",
        "return": 0.016942,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-06",
        "end": "2025-01-10",
        "tenure": "Established",
        "return": 0.078054,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-17",
        "end": "2025-01-31",
        "tenure": "New",
        "return": 0.008158,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-07",
        "end": "2025-02-28",
        "tenure": "New",
        "return": -0.011955,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-07",
        "end": "2025-03-21",
        "tenure": "New",
        "return": -0.019886,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-28",
        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.089631,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.114227,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-05-30",
        "tenure": "New",
        "return": 0.020151,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-06",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.043316,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-18",
        "end": "2026-02-13",
        "tenure": "Extended",
        "return": 0.088245,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-02-20",
        "end": "2026-03-20",
        "tenure": "Developing",
        "return": -0.060874,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-27",
        "end": "2026-04-24",
        "tenure": "Developing",
        "return": 0.128684,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-01",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": 0.080244,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 34.44411,
        "volume": 243264,
        "typical_volume": 760019.0,
        "trend": 33.134094,
        "fair_value": 31.980057,
        "relative_strength": 0.051704,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 49.513746,
        "energy": 43.671428,
        "activity_lines": [
          35.147554,
          35.229699,
          34.624462,
          33.954636
        ]
      },
      {
        "date": "2023-08-25",
        "close": 34.764581,
        "volume": 264138,
        "typical_volume": 642187.9,
        "trend": 33.236917,
        "fair_value": 32.029354,
        "relative_strength": 0.185837,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 41.51151,
        "energy": 28.176986,
        "activity_lines": [
          34.937285,
          35.159645,
          34.699656,
          34.059829
        ]
      },
      {
        "date": "2023-09-01",
        "close": 35.56042,
        "volume": 269763,
        "typical_volume": 606878.55,
        "trend": 33.3457,
        "fair_value": 32.087336,
        "relative_strength": -0.065634,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 50.605852,
        "energy": 31.020514,
        "activity_lines": [
          35.061526,
          35.234998,
          34.838071,
          34.209732
        ]
      },
      {
        "date": "2023-09-08",
        "close": 35.162501,
        "volume": 264281,
        "typical_volume": 577512.7,
        "trend": 33.455039,
        "fair_value": 32.14725,
        "relative_strength": 0.076897,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.825723,
        "energy": 25.13163,
        "activity_lines": [
          35.095184,
          35.215414,
          34.923468,
          34.326945
        ]
      },
      {
        "date": "2023-09-15",
        "close": 35.113974,
        "volume": 469349,
        "typical_volume": 560231.15,
        "trend": 33.562759,
        "fair_value": 32.207806,
        "relative_strength": 0.067251,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.65293,
        "energy": 30.128372,
        "activity_lines": [
          35.12496,
          35.185949,
          34.990973,
          34.433973
        ]
      },
      {
        "date": "2023-09-22",
        "close": 34.087402,
        "volume": 519846,
        "typical_volume": 468111.55,
        "trend": 33.664862,
        "fair_value": 32.26272,
        "relative_strength": 0.068539,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 21.685231,
        "energy": 15.979594,
        "activity_lines": [
          34.817722,
          34.962246,
          34.949097,
          34.467821
        ]
      },
      {
        "date": "2023-09-29",
        "close": 33.81478,
        "volume": 242830,
        "typical_volume": 431191.85,
        "trend": 33.738275,
        "fair_value": 32.313272,
        "relative_strength": -0.042966,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -5.831227,
        "energy": 14.319742,
        "activity_lines": [
          34.44339,
          34.716464,
          34.873474,
          34.477493
        ]
      },
      {
        "date": "2023-10-06",
        "close": 34.019246,
        "volume": 502397,
        "typical_volume": 430161.7,
        "trend": 33.868957,
        "fair_value": 32.35869,
        "relative_strength": 0.0703,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -1.578224,
        "energy": 19.449559,
        "activity_lines": [
          34.200534,
          34.544007,
          34.810608,
          34.49562
        ]
      },
      {
        "date": "2023-10-13",
        "close": 34.184766,
        "volume": 229615,
        "typical_volume": 424584.45,
        "trend": 33.983946,
        "fair_value": 32.404809,
        "relative_strength": 0.091888,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -0.460348,
        "energy": 22.253154,
        "activity_lines": [
          34.115595,
          34.441137,
          34.758443,
          34.515995
        ]
      },
      {
        "date": "2023-10-20",
        "close": 33.308484,
        "volume": 1026294,
        "typical_volume": 463166.0,
        "trend": 34.05567,
        "fair_value": 32.446092,
        "relative_strength": -0.09441,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -34.897433,
        "energy": 48.113082,
        "activity_lines": [
          33.803746,
          34.200072,
          34.61757,
          34.472417
        ]
      },
      {
        "date": "2023-10-27",
        "close": 32.529565,
        "volume": 476092,
        "typical_volume": 471362.2,
        "trend": 34.068219,
        "fair_value": 32.492107,
        "relative_strength": 0.056999,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -44.776292,
        "energy": 60.284957,
        "activity_lines": [
          33.352622,
          33.851625,
          34.404428,
          34.373959
        ]
      },
      {
        "date": "2023-11-03",
        "close": 34.50607,
        "volume": 465335,
        "typical_volume": 478492.05,
        "trend": 34.147619,
        "fair_value": 32.538865,
        "relative_strength": 0.254937,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -25.409778,
        "energy": 27.56008,
        "activity_lines": [
          33.664189,
          33.897352,
          34.385747,
          34.402207
        ]
      },
      {
        "date": "2023-11-10",
        "close": 35.012367,
        "volume": 1214912,
        "typical_volume": 525064.2,
        "trend": 34.23519,
        "fair_value": 32.585066,
        "relative_strength": 0.341489,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 2.102665,
        "energy": 10.32772,
        "activity_lines": [
          34.098436,
          34.039833,
          34.416701,
          34.457997
        ]
      },
      {
        "date": "2023-11-17",
        "close": 35.820494,
        "volume": 340243,
        "typical_volume": 459529.75,
        "trend": 34.350021,
        "fair_value": 32.637937,
        "relative_strength": 0.325002,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 26.211772,
        "energy": 20.49493,
        "activity_lines": [
          34.735851,
          34.339211,
          34.521314,
          34.560275
        ]
      },
      {
        "date": "2023-11-24",
        "close": 36.19048,
        "volume": 273064,
        "typical_volume": 455743.0,
        "trend": 34.467189,
        "fair_value": 32.689428,
        "relative_strength": 0.340417,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 62.942093,
        "energy": 48.309271,
        "activity_lines": [
          35.387545,
          34.693895,
          34.657752,
          34.679014
        ]
      },
      {
        "date": "2023-12-01",
        "close": 36.521034,
        "volume": 377519,
        "typical_volume": 457834.5,
        "trend": 34.602792,
        "fair_value": 32.740076,
        "relative_strength": 0.404208,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 76.148289,
        "energy": 75.410137,
        "activity_lines": [
          35.957292,
          35.089108,
          34.818559,
          34.81152
        ]
      },
      {
        "date": "2023-12-08",
        "close": 36.628622,
        "volume": 1101040,
        "typical_volume": 480537.95,
        "trend": 34.743593,
        "fair_value": 32.793295,
        "relative_strength": 0.447851,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.43584,
        "energy": 81.742137,
        "activity_lines": [
          36.296803,
          35.459634,
          34.985222,
          34.942219
        ]
      },
      {
        "date": "2023-12-15",
        "close": 37.495168,
        "volume": 315571,
        "typical_volume": 466597.6,
        "trend": 34.894901,
        "fair_value": 32.849207,
        "relative_strength": 0.405343,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.751013,
        "energy": 87.080821,
        "activity_lines": [
          36.783659,
          35.936553,
          35.230483,
          35.11974
        ]
      },
      {
        "date": "2023-12-22",
        "close": 37.842338,
        "volume": 421619,
        "typical_volume": 469149.5,
        "trend": 35.053589,
        "fair_value": 32.907822,
        "relative_strength": 0.392745,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.372773,
        "energy": 90.327018,
        "activity_lines": [
          37.220718,
          36.413395,
          35.502598,
          35.309897
        ]
      },
      {
        "date": "2023-12-29",
        "close": 37.910716,
        "volume": 380140,
        "typical_volume": 469865.6,
        "trend": 35.193598,
        "fair_value": 32.964084,
        "relative_strength": 0.220098,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.45926,
        "energy": 90.401052,
        "activity_lines": [
          37.545781,
          36.836169,
          35.769342,
          35.494228
        ]
      },
      {
        "date": "2024-01-05",
        "close": 37.37346,
        "volume": 506341,
        "typical_volume": 483019.45,
        "trend": 35.311507,
        "fair_value": 33.014451,
        "relative_strength": 0.344309,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.40777,
        "energy": 84.755919,
        "activity_lines": [
          37.577076,
          37.077582,
          35.971971,
          35.634864
        ]
      },
      {
        "date": "2024-01-12",
        "close": 38.135386,
        "volume": 328064,
        "typical_volume": 486215.75,
        "trend": 35.42257,
        "fair_value": 33.072475,
        "relative_strength": 0.489903,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.009008,
        "energy": 85.69532,
        "activity_lines": [
          37.805517,
          37.369457,
          36.233215,
          35.81705
        ]
      },
      {
        "date": "2024-01-19",
        "close": 38.633569,
        "volume": 278337,
        "typical_volume": 486644.45,
        "trend": 35.566418,
        "fair_value": 33.129815,
        "relative_strength": 0.568406,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.122016,
        "energy": 84.2111,
        "activity_lines": [
          38.099569,
          37.685923,
          36.525854,
          36.024211
        ]
      },
      {
        "date": "2024-01-26",
        "close": 38.976436,
        "volume": 1299585,
        "typical_volume": 538409.65,
        "trend": 35.69549,
        "fair_value": 33.195178,
        "relative_strength": 0.407791,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.335422,
        "energy": 86.008366,
        "activity_lines": [
          38.432017,
          37.998888,
          36.836512,
          36.244213
        ]
      },
      {
        "date": "2024-02-02",
        "close": 39.561556,
        "volume": 2569403,
        "typical_volume": 643412.35,
        "trend": 35.857654,
        "fair_value": 33.256297,
        "relative_strength": 0.472143,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.323567,
        "energy": 94.194138,
        "activity_lines": [
          38.883898,
          38.360858,
          37.184735,
          36.493636
        ]
      },
      {
        "date": "2024-02-09",
        "close": 40.118348,
        "volume": 415082,
        "typical_volume": 638174.15,
        "trend": 36.00829,
        "fair_value": 33.318234,
        "relative_strength": 0.476399,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.063887,
        "energy": 95.113777,
        "activity_lines": [
          39.41132,
          38.762771,
          37.564806,
          36.76852
        ]
      },
      {
        "date": "2024-02-16",
        "close": 39.932751,
        "volume": 556666,
        "typical_volume": 653865.95,
        "trend": 36.145947,
        "fair_value": 33.380589,
        "relative_strength": 0.338792,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.522452,
        "energy": 91.388463,
        "activity_lines": [
          39.693884,
          39.065533,
          37.898483,
          37.021711
        ]
      },
      {
        "date": "2024-02-23",
        "close": 40.645836,
        "volume": 399002,
        "typical_volume": 648696.2,
        "trend": 36.294433,
        "fair_value": 33.451551,
        "relative_strength": 0.439587,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.115013,
        "energy": 93.038342,
        "activity_lines": [
          40.094318,
          39.437872,
          38.27094,
          37.312026
        ]
      },
      {
        "date": "2024-03-01",
        "close": 41.007262,
        "volume": 315970,
        "typical_volume": 653013.95,
        "trend": 36.483111,
        "fair_value": 33.523766,
        "relative_strength": 0.331439,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.306707,
        "energy": 85.179844,
        "activity_lines": [
          40.481077,
          39.81864,
          38.646262,
          37.61608
        ]
      },
      {
        "date": "2024-03-08",
        "close": 40.909579,
        "volume": 336651,
        "typical_volume": 618531.8,
        "trend": 36.67371,
        "fair_value": 33.590474,
        "relative_strength": 0.295151,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.435316,
        "energy": 70.294528,
        "activity_lines": [
          40.699887,
          40.124103,
          38.979794,
          37.901658
        ]
      },
      {
        "date": "2024-03-15",
        "close": 40.85097,
        "volume": 558111,
        "typical_volume": 622632.75,
        "trend": 36.887272,
        "fair_value": 33.65781,
        "relative_strength": 0.20518,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.644653,
        "energy": 68.572902,
        "activity_lines": [
          40.809292,
          40.364385,
          39.271548,
          38.171159
        ]
      },
      {
        "date": "2024-03-22",
        "close": 41.788099,
        "volume": 419205,
        "typical_volume": 620326.25,
        "trend": 37.121389,
        "fair_value": 33.728264,
        "relative_strength": 0.258624,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.009237,
        "energy": 73.328379,
        "activity_lines": [
          41.182231,
          40.711827,
          39.612927,
          38.487341
        ]
      },
      {
        "date": "2024-03-29",
        "close": 41.925237,
        "volume": 187505,
        "typical_volume": 568955.9,
        "trend": 37.33355,
        "fair_value": 33.79716,
        "relative_strength": 0.218658,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.140955,
        "energy": 71.665695,
        "activity_lines": [
          41.477194,
          41.017789,
          39.93269,
          38.797267
        ]
      },
      {
        "date": "2024-04-05",
        "close": 41.464843,
        "volume": 579077,
        "typical_volume": 580897.6,
        "trend": 37.543628,
        "fair_value": 33.857341,
        "relative_strength": -0.002727,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.30067,
        "energy": 66.051,
        "activity_lines": [
          41.533399,
          41.180196,
          40.175688,
          39.063802
        ]
      },
      {
        "date": "2024-04-12",
        "close": 40.857515,
        "volume": 256961,
        "typical_volume": 580092.45,
        "trend": 37.735079,
        "fair_value": 33.910666,
        "relative_strength": -0.012995,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.055522,
        "energy": 63.785926,
        "activity_lines": [
          41.356655,
          41.186935,
          40.333967,
          39.277601
        ]
      },
      {
        "date": "2024-04-19",
        "close": 39.642859,
        "volume": 499340,
        "typical_volume": 586183.5,
        "trend": 37.920261,
        "fair_value": 33.956347,
        "relative_strength": 0.079576,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.714294,
        "energy": 43.000077,
        "activity_lines": [
          40.778497,
          40.949265,
          40.354341,
          39.400684
        ]
      },
      {
        "date": "2024-04-26",
        "close": 40.671398,
        "volume": 413305,
        "typical_volume": 551796.75,
        "trend": 38.148815,
        "fair_value": 34.008721,
        "relative_strength": 0.022146,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.535031,
        "energy": 29.175161,
        "activity_lines": [
          40.623726,
          40.907248,
          40.457804,
          39.578176
        ]
      },
      {
        "date": "2024-05-03",
        "close": 40.93588,
        "volume": 336129,
        "typical_volume": 552824.65,
        "trend": 38.37937,
        "fair_value": 34.060393,
        "relative_strength": 0.0695,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.52113,
        "energy": 24.945901,
        "activity_lines": [
          40.631563,
          40.899888,
          40.567206,
          39.757987
        ]
      },
      {
        "date": "2024-05-10",
        "close": 41.709734,
        "volume": 247852,
        "typical_volume": 544136.3,
        "trend": 38.630202,
        "fair_value": 34.119927,
        "relative_strength": 0.086762,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 56.775977,
        "energy": 33.632614,
        "activity_lines": [
          40.963308,
          41.027955,
          40.733923,
          39.972849
        ]
      },
      {
        "date": "2024-05-17",
        "close": 42.385631,
        "volume": 533701,
        "typical_volume": 551814.35,
        "trend": 38.932773,
        "fair_value": 34.184599,
        "relative_strength": 0.05022,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 77.759747,
        "energy": 55.21459,
        "activity_lines": [
          41.504026,
          41.26614,
          40.946595,
          40.215135
        ]
      },
      {
        "date": "2024-05-24",
        "close": 42.434609,
        "volume": 390932,
        "typical_volume": 546043.9,
        "trend": 39.262942,
        "fair_value": 34.246967,
        "relative_strength": 0.161936,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.226278,
        "energy": 72.96732,
        "activity_lines": [
          41.959195,
          41.486394,
          41.142623,
          40.44106
        ]
      },
      {
        "date": "2024-05-31",
        "close": 42.317062,
        "volume": 153097,
        "typical_volume": 537295.55,
        "trend": 39.523308,
        "fair_value": 34.307452,
        "relative_strength": 0.268909,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.322877,
        "energy": 75.35011,
        "activity_lines": [
          42.189066,
          41.656481,
          41.303355,
          40.6381
        ]
      },
      {
        "date": "2024-06-07",
        "close": 42.826434,
        "volume": 399981,
        "typical_volume": 543377.75,
        "trend": 39.783777,
        "fair_value": 34.370457,
        "relative_strength": 0.205789,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.374472,
        "energy": 80.661824,
        "activity_lines": [
          42.479016,
          41.909564,
          41.492686,
          40.851205
        ]
      },
      {
        "date": "2024-06-14",
        "close": 43.548077,
        "volume": 227697,
        "typical_volume": 489783.35,
        "trend": 40.041363,
        "fair_value": 34.441815,
        "relative_strength": 0.243592,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.281004,
        "energy": 82.685254,
        "activity_lines": [
          42.883477,
          42.27747,
          41.730779,
          41.094063
        ]
      },
      {
        "date": "2024-06-21",
        "close": 43.786404,
        "volume": 290224,
        "typical_volume": 375824.4,
        "trend": 40.29456,
        "fair_value": 34.509024,
        "relative_strength": 0.146472,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.052293,
        "energy": 82.535503,
        "activity_lines": [
          43.244824,
          42.650831,
          41.9698,
          41.335678
        ]
      },
      {
        "date": "2024-06-28",
        "close": 43.814648,
        "volume": 1314937,
        "typical_volume": 420817.15,
        "trend": 40.537681,
        "fair_value": 34.572816,
        "relative_strength": 0.259591,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.463526,
        "energy": 81.605451,
        "activity_lines": [
          43.522201,
          42.976074,
          42.191393,
          41.562781
        ]
      },
      {
        "date": "2024-07-05",
        "close": 44.6988,
        "volume": 208125,
        "typical_volume": 403390.1,
        "trend": 40.806687,
        "fair_value": 34.641246,
        "relative_strength": 0.352503,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.637478,
        "energy": 89.501255,
        "activity_lines": [
          44.002293,
          43.386222,
          42.479589,
          41.83124
        ]
      },
      {
        "date": "2024-07-12",
        "close": 45.042637,
        "volume": 192894,
        "typical_volume": 393084.7,
        "trend": 41.058269,
        "fair_value": 34.713617,
        "relative_strength": 0.156312,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.360491,
        "energy": 90.184854,
        "activity_lines": [
          44.438214,
          43.78566,
          42.777836,
          42.104527
        ]
      },
      {
        "date": "2024-07-19",
        "close": 44.139132,
        "volume": 219262,
        "typical_volume": 388249.3,
        "trend": 41.268162,
        "fair_value": 34.776054,
        "relative_strength": 0.111249,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.177256,
        "energy": 76.914112,
        "activity_lines": [
          44.425221,
          43.946156,
          42.969097,
          42.303293
        ]
      },
      {
        "date": "2024-07-26",
        "close": 43.824472,
        "volume": 340478,
        "typical_volume": 388440.65,
        "trend": 41.465287,
        "fair_value": 34.837303,
        "relative_strength": 0.224095,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.554181,
        "energy": 60.153102,
        "activity_lines": [
          44.267936,
          44.00527,
          43.115478,
          42.468216
        ]
      },
      {
        "date": "2024-08-02",
        "close": 42.917136,
        "volume": 2155796,
        "typical_volume": 468324.9,
        "trend": 41.650077,
        "fair_value": 34.890815,
        "relative_strength": 0.266982,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 48.462632,
        "energy": 40.025194,
        "activity_lines": [
          43.805669,
          43.873253,
          43.161565,
          42.561884
        ]
      },
      {
        "date": "2024-08-09",
        "close": 42.901025,
        "volume": 1155273,
        "typical_volume": 505128.3,
        "trend": 41.808931,
        "fair_value": 34.942325,
        "relative_strength": 0.202492,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 38.237769,
        "energy": 23.193674,
        "activity_lines": [
          43.397866,
          43.729534,
          43.196279,
          42.64259
        ]
      },
      {
        "date": "2024-08-16",
        "close": 44.649681,
        "volume": 281450,
        "typical_volume": 509825.55,
        "trend": 42.009468,
        "fair_value": 35.005994,
        "relative_strength": 0.262935,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 53.614114,
        "energy": 27.901497,
        "activity_lines": [
          43.692799,
          43.893135,
          43.392231,
          42.825864
        ]
      },
      {
        "date": "2024-08-23",
        "close": 45.288235,
        "volume": 189376,
        "typical_volume": 490340.5,
        "trend": 42.219862,
        "fair_value": 35.070523,
        "relative_strength": 0.271574,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 71.223119,
        "energy": 41.302906,
        "activity_lines": [
          44.226781,
          44.139687,
          43.636025,
          43.037397
        ]
      },
      {
        "date": "2024-08-30",
        "close": 45.406122,
        "volume": 303297,
        "typical_volume": 492657.3,
        "trend": 42.414681,
        "fair_value": 35.134292,
        "relative_strength": 0.241031,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 72.229412,
        "energy": 52.384901,
        "activity_lines": [
          44.723452,
          44.376033,
          43.87284,
          43.242963
        ]
      },
      {
        "date": "2024-09-06",
        "close": 43.66729,
        "volume": 226363,
        "typical_volume": 479008.45,
        "trend": 42.532979,
        "fair_value": 35.190996,
        "relative_strength": 0.543977,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.361349,
        "energy": 45.333485,
        "activity_lines": [
          44.535069,
          44.266779,
          43.922391,
          43.323776
        ]
      },
      {
        "date": "2024-09-13",
        "close": 45.376356,
        "volume": 174538,
        "typical_volume": 467070.1,
        "trend": 42.714432,
        "fair_value": 35.259889,
        "relative_strength": 0.437168,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.255163,
        "energy": 55.679098,
        "activity_lines": [
          44.866364,
          44.470943,
          44.115547,
          43.50722
        ]
      },
      {
        "date": "2024-09-20",
        "close": 45.975909,
        "volume": 189865,
        "typical_volume": 459756.9,
        "trend": 42.892101,
        "fair_value": 35.331655,
        "relative_strength": 0.323263,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.99363,
        "energy": 56.126983,
        "activity_lines": [
          45.232488,
          44.771798,
          44.343399,
          43.717638
        ]
      },
      {
        "date": "2024-09-27",
        "close": 46.267157,
        "volume": 177080,
        "typical_volume": 456218.3,
        "trend": 43.067431,
        "fair_value": 35.41021,
        "relative_strength": 0.371106,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.517866,
        "energy": 51.57912,
        "activity_lines": [
          45.607279,
          45.108638,
          44.574988,
          43.935383
        ]
      },
      {
        "date": "2024-10-04",
        "close": 46.295526,
        "volume": 2090465,
        "typical_volume": 534056.5,
        "trend": 43.246963,
        "fair_value": 35.487691,
        "relative_strength": 0.155448,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.122422,
        "energy": 68.557506,
        "activity_lines": [
          45.926266,
          45.411945,
          44.787577,
          44.143647
        ]
      },
      {
        "date": "2024-10-11",
        "close": 46.808429,
        "volume": 290879,
        "typical_volume": 529053.85,
        "trend": 43.445545,
        "fair_value": 35.564368,
        "relative_strength": 0.100794,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.151273,
        "energy": 72.160264,
        "activity_lines": [
          46.356926,
          45.763578,
          45.030395,
          44.373419
        ]
      },
      {
        "date": "2024-10-18",
        "close": 47.281438,
        "volume": 324668,
        "typical_volume": 537632.4,
        "trend": 43.628656,
        "fair_value": 35.640532,
        "relative_strength": 0.228459,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.334024,
        "energy": 77.587038,
        "activity_lines": [
          46.735847,
          46.130463,
          45.297435,
          44.620896
        ]
      },
      {
        "date": "2024-10-25",
        "close": 46.82813,
        "volume": 238904,
        "typical_volume": 529578.55,
        "trend": 43.792086,
        "fair_value": 35.71067,
        "relative_strength": 0.204924,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.791708,
        "energy": 70.258791,
        "activity_lines": [
          46.83666,
          46.335284,
          45.497662,
          44.827314
        ]
      },
      {
        "date": "2024-11-01",
        "close": 46.187863,
        "volume": 303288,
        "typical_volume": 533358.1,
        "trend": 43.94952,
        "fair_value": 35.771787,
        "relative_strength": 0.209297,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.114148,
        "energy": 55.772602,
        "activity_lines": [
          46.667236,
          46.384085,
          45.617855,
          44.98188
        ]
      },
      {
        "date": "2024-11-08",
        "close": 48.335219,
        "volume": 1061047,
        "typical_volume": 571899.25,
        "trend": 44.198776,
        "fair_value": 35.847333,
        "relative_strength": 0.102324,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.641464,
        "energy": 65.830699,
        "activity_lines": [
          47.218883,
          46.806957,
          45.929989,
          45.264829
        ]
      },
      {
        "date": "2024-11-15",
        "close": 47.271391,
        "volume": 712230,
        "typical_volume": 541763.9,
        "trend": 44.453061,
        "fair_value": 35.914904,
        "relative_strength": -0.025598,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.521841,
        "energy": 51.313165,
        "activity_lines": [
          47.279941,
          46.983149,
          46.119144,
          45.463062
        ]
      },
      {
        "date": "2024-11-22",
        "close": 48.079112,
        "volume": 649649,
        "typical_volume": 563840.1,
        "trend": 44.699985,
        "fair_value": 35.992778,
        "relative_strength": 0.012068,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.923815,
        "energy": 56.323656,
        "activity_lines": [
          47.579376,
          47.240671,
          46.368764,
          45.697001
        ]
      },
      {
        "date": "2024-11-29",
        "close": 48.699679,
        "volume": 330448,
        "typical_volume": 570717.8,
        "trend": 44.958778,
        "fair_value": 36.077571,
        "relative_strength": 0.114709,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.636139,
        "energy": 74.028658,
        "activity_lines": [
          48.032488,
          47.561882,
          46.66139,
          45.955045
        ]
      },
      {
        "date": "2024-12-06",
        "close": 49.162641,
        "volume": 457020,
        "typical_volume": 582605.7,
        "trend": 45.207208,
        "fair_value": 36.156718,
        "relative_strength": 0.186737,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.272523,
        "energy": 82.838171,
        "activity_lines": [
          48.515151,
          47.917745,
          46.980692,
          46.226262
        ]
      },
      {
        "date": "2024-12-13",
        "close": 48.886834,
        "volume": 459711,
        "typical_volume": 588567.35,
        "trend": 45.423915,
        "fair_value": 36.238392,
        "relative_strength": 0.211968,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.334092,
        "energy": 85.593269,
        "activity_lines": [
          48.707559,
          48.170817,
          47.249806,
          46.463658
        ]
      },
      {
        "date": "2024-12-20",
        "close": 48.039711,
        "volume": 473192,
        "typical_volume": 504437.15,
        "trend": 45.610752,
        "fair_value": 36.309291,
        "relative_strength": 0.30926,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.275389,
        "energy": 70.307838,
        "activity_lines": [
          48.580819,
          48.222751,
          47.414135,
          46.632419
        ]
      },
      {
        "date": "2024-12-27",
        "close": 48.307495,
        "volume": 213544,
        "typical_volume": 457350.7,
        "trend": 45.810433,
        "fair_value": 36.379792,
        "relative_strength": 0.204399,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.012924,
        "energy": 52.464888,
        "activity_lines": [
          48.492119,
          48.300986,
          47.579573,
          46.806402
        ]
      },
      {
        "date": "2025-01-03",
        "close": 48.024112,
        "volume": 526615,
        "typical_volume": 469608.95,
        "trend": 45.983689,
        "fair_value": 36.453414,
        "relative_strength": 0.125981,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 47.230036,
        "energy": 37.373374,
        "activity_lines": [
          48.293732,
          48.309041,
          47.692278,
          46.94922
        ]
      },
      {
        "date": "2025-01-10",
        "close": 47.075684,
        "volume": 1144117,
        "typical_volume": 517346.0,
        "trend": 46.101276,
        "fair_value": 36.522034,
        "relative_strength": 0.084598,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 38.155062,
        "energy": 22.125972,
        "activity_lines": [
          47.824241,
          48.12291,
          47.698588,
          47.019671
        ]
      },
      {
        "date": "2025-01-17",
        "close": 48.428888,
        "volume": 325516,
        "typical_volume": 518456.95,
        "trend": 46.256025,
        "fair_value": 36.612699,
        "relative_strength": 0.018557,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 42.534331,
        "energy": 23.317811,
        "activity_lines": [
          47.944948,
          48.166674,
          47.825263,
          47.16984
        ]
      },
      {
        "date": "2025-01-24",
        "close": 49.357363,
        "volume": 350396,
        "typical_volume": 524658.6,
        "trend": 46.440782,
        "fair_value": 36.708015,
        "relative_strength": 0.189474,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 65.827367,
        "energy": 35.852383,
        "activity_lines": [
          48.405676,
          48.377548,
          48.025969,
          47.369926
        ]
      },
      {
        "date": "2025-01-31",
        "close": 48.823984,
        "volume": 318488,
        "typical_volume": 531856.1,
        "trend": 46.578288,
        "fair_value": 36.796396,
        "relative_strength": 0.117791,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 56.524889,
        "energy": 35.455903,
        "activity_lines": [
          48.600768,
          48.453517,
          48.148782,
          47.523681
        ]
      },
      {
        "date": "2025-02-07",
        "close": 48.744965,
        "volume": 420921,
        "typical_volume": 543408.9,
        "trend": 46.701699,
        "fair_value": 36.888619,
        "relative_strength": 0.128862,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.692227,
        "energy": 41.456667,
        "activity_lines": [
          48.735087,
          48.501577,
          48.247652,
          47.663467
        ]
      },
      {
        "date": "2025-02-14",
        "close": 49.485769,
        "volume": 320947,
        "typical_volume": 550602.25,
        "trend": 46.879921,
        "fair_value": 36.988944,
        "relative_strength": 0.157094,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.026044,
        "energy": 58.609855,
        "activity_lines": [
          49.068285,
          48.683504,
          48.403889,
          47.843084
        ]
      },
      {
        "date": "2025-02-21",
        "close": 48.651129,
        "volume": 237481,
        "typical_volume": 457953.05,
        "trend": 47.040809,
        "fair_value": 37.082151,
        "relative_strength": 0.068952,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.318678,
        "energy": 40.175323,
        "activity_lines": [
          48.962596,
          48.707804,
          48.46531,
          47.957356
        ]
      },
      {
        "date": "2025-02-28",
        "close": 48.162198,
        "volume": 882076,
        "typical_volume": 487512.9,
        "trend": 47.215645,
        "fair_value": 37.175603,
        "relative_strength": 0.021894,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 50.024397,
        "energy": 28.479126,
        "activity_lines": [
          48.679115,
          48.647493,
          48.468949,
          48.029703
        ]
      },
      {
        "date": "2025-03-07",
        "close": 46.690466,
        "volume": 646033,
        "typical_volume": 503581.15,
        "trend": 47.341959,
        "fair_value": 37.266198,
        "relative_strength": 0.037406,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 0.298031,
        "energy": 5.037646,
        "activity_lines": [
          47.984734,
          48.317367,
          48.325976,
          47.995821
        ]
      },
      {
        "date": "2025-03-14",
        "close": 45.584197,
        "volume": 1269276,
        "typical_volume": 555099.75,
        "trend": 47.37311,
        "fair_value": 37.335844,
        "relative_strength": -0.060022,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -32.194279,
        "energy": 30.947971,
        "activity_lines": [
          47.063831,
          47.815501,
          48.080458,
          47.882417
        ]
      },
      {
        "date": "2025-03-21",
        "close": 45.76199,
        "volume": 442956,
        "typical_volume": 562083.15,
        "trend": 47.388902,
        "fair_value": 37.403098,
        "relative_strength": -0.17724,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -31.546962,
        "energy": 45.057771,
        "activity_lines": [
          46.412911,
          47.390324,
          47.857797,
          47.778474
        ]
      },
      {
        "date": "2025-03-28",
        "close": 45.079849,
        "volume": 396813,
        "typical_volume": 528871.45,
        "trend": 47.378026,
        "fair_value": 37.465653,
        "relative_strength": -0.191869,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -46.544458,
        "energy": 66.476977,
        "activity_lines": [
          45.782862,
          46.865007,
          47.572198,
          47.629503
        ]
      },
      {
        "date": "2025-04-04",
        "close": 41.0393,
        "volume": 1106038,
        "typical_volume": 548561.85,
        "trend": 47.290426,
        "fair_value": 37.505383,
        "relative_strength": -0.083453,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -92.980978,
        "energy": 91.150712,
        "activity_lines": [
          44.044048,
          45.665936,
          46.917286,
          47.220553
        ]
      },
      {
        "date": "2025-04-11",
        "close": 43.4359,
        "volume": 912062,
        "typical_volume": 561682.5,
        "trend": 47.225744,
        "fair_value": 37.565305,
        "relative_strength": 0.066674,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.926136,
        "energy": 80.150875,
        "activity_lines": [
          43.578962,
          45.053848,
          46.520299,
          46.971873
        ]
      },
      {
        "date": "2025-04-18",
        "close": 42.772379,
        "volume": 251780,
        "typical_volume": 557749.1,
        "trend": 47.11896,
        "fair_value": 37.626679,
        "relative_strength": -0.05656,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.684577,
        "energy": 81.464817,
        "activity_lines": [
          43.109672,
          44.419084,
          46.082229,
          46.68456
        ]
      },
      {
        "date": "2025-04-25",
        "close": 44.75304,
        "volume": 545733,
        "typical_volume": 562184.75,
        "trend": 47.068489,
        "fair_value": 37.708002,
        "relative_strength": -0.035602,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.46346,
        "energy": 61.006283,
        "activity_lines": [
          43.488058,
          44.253034,
          45.861019,
          46.53192
        ]
      },
      {
        "date": "2025-05-02",
        "close": 46.1296,
        "volume": 425507,
        "typical_volume": 560474.55,
        "trend": 47.062959,
        "fair_value": 37.799229,
        "relative_strength": 0.101149,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.227366,
        "energy": 36.753403,
        "activity_lines": [
          44.39256,
          44.423317,
          45.791909,
          46.471346
        ]
      },
      {
        "date": "2025-05-09",
        "close": 45.916679,
        "volume": 422159,
        "typical_volume": 557922.9,
        "trend": 47.033234,
        "fair_value": 37.894022,
        "relative_strength": 0.060104,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -39.729436,
        "energy": 21.879562,
        "activity_lines": [
          45.156105,
          44.600733,
          45.715649,
          46.397393
        ]
      },
      {
        "date": "2025-05-16",
        "close": 48.397457,
        "volume": 434472,
        "typical_volume": 568969.3,
        "trend": 47.070434,
        "fair_value": 38.010952,
        "relative_strength": 0.157258,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -8.148656,
        "energy": 18.73982,
        "activity_lines": [
          46.421417,
          45.270027,
          45.885764,
          46.485407
        ]
      },
      {
        "date": "2025-05-23",
        "close": 47.17935,
        "volume": 542586,
        "typical_volume": 569767.85,
        "trend": 47.082141,
        "fair_value": 38.10738,
        "relative_strength": 0.173413,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -15.891415,
        "energy": 24.129364,
        "activity_lines": [
          46.949924,
          45.68681,
          45.939441,
          46.492434
        ]
      },
      {
        "date": "2025-05-30",
        "close": 48.130068,
        "volume": 526838,
        "typical_volume": 538903.9,
        "trend": 47.146882,
        "fair_value": 38.212388,
        "relative_strength": 0.400103,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 21.629411,
        "energy": 27.739383,
        "activity_lines": [
          47.501538,
          46.247449,
          46.087685,
          46.560042
        ]
      },
      {
        "date": "2025-06-06",
        "close": 48.783686,
        "volume": 303876,
        "typical_volume": 537821.9,
        "trend": 47.161831,
        "fair_value": 38.332079,
        "relative_strength": 0.102629,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 27.896438,
        "energy": 32.970439,
        "activity_lines": [
          48.04589,
          46.883872,
          46.293157,
          46.665642
        ]
      },
      {
        "date": "2025-06-13",
        "close": 48.58562,
        "volume": 284711,
        "typical_volume": 534537.65,
        "trend": 47.205638,
        "fair_value": 38.460789,
        "relative_strength": 0.050428,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 25.204526,
        "energy": 43.296449,
        "activity_lines": [
          48.34728,
          47.41694,
          46.478076,
          46.7575
        ]
      },
      {
        "date": "2025-06-20",
        "close": 48.46678,
        "volume": 419974,
        "typical_volume": 539611.95,
        "trend": 47.21856,
        "fair_value": 38.576514,
        "relative_strength": -0.037079,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 24.499926,
        "energy": 40.593102,
        "activity_lines": [
          48.431128,
          47.791195,
          46.655352,
          46.838864
        ]
      },
      {
        "date": "2025-06-27",
        "close": 50.20175,
        "volume": 386847,
        "typical_volume": 537908.25,
        "trend": 47.268629,
        "fair_value": 38.707818,
        "relative_strength": 0.06443,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 37.483104,
        "energy": 49.047116,
        "activity_lines": [
          49.088678,
          48.389428,
          46.999564,
          47.031327
        ]
      },
      {
        "date": "2025-07-04",
        "close": 51.085444,
        "volume": 379382,
        "typical_volume": 540830.0,
        "trend": 47.332723,
        "fair_value": 38.840677,
        "relative_strength": 0.125135,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 52.427592,
        "energy": 64.897466,
        "activity_lines": [
          49.839299,
          49.013254,
          47.421001,
          47.277574
        ]
      },
      {
        "date": "2025-07-11",
        "close": 50.89679,
        "volume": 297878,
        "typical_volume": 543849.85,
        "trend": 47.399721,
        "fair_value": 38.974126,
        "relative_strength": 0.026248,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 75.704393,
        "energy": 82.249778,
        "activity_lines": [
          50.33001,
          49.487644,
          47.816853,
          47.507513
        ]
      },
      {
        "date": "2025-07-18",
        "close": 51.224452,
        "volume": 205886,
        "typical_volume": 510040.35,
        "trend": 47.505879,
        "fair_value": 39.104624,
        "relative_strength": 0.02972,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.087621,
        "energy": 86.071929,
        "activity_lines": [
          50.789069,
          49.934933,
          48.233217,
          47.75427
        ]
      },
      {
        "date": "2025-07-25",
        "close": 52.028713,
        "volume": 228351,
        "typical_volume": 489156.25,
        "trend": 47.62992,
        "fair_value": 39.232712,
        "relative_strength": 0.07806,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.902185,
        "energy": 91.387941,
        "activity_lines": [
          51.340292,
          50.431946,
          48.711595,
          48.046066
        ]
      },
      {
        "date": "2025-08-01",
        "close": 50.797499,
        "volume": 293559,
        "typical_volume": 440370.4,
        "trend": 47.722366,
        "fair_value": 39.35121,
        "relative_strength": 0.122937,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.866259,
        "energy": 84.703617,
        "activity_lines": [
          51.243648,
          50.63908,
          49.047295,
          48.250426
        ]
      },
      {
        "date": "2025-08-08",
        "close": 52.068429,
        "volume": 292780,
        "typical_volume": 432861.6,
        "trend": 47.888791,
        "fair_value": 39.471373,
        "relative_strength": 0.132561,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.413219,
        "energy": 84.669597,
        "activity_lines": [
          51.530932,
          51.011507,
          49.479211,
          48.530817
        ]
      },
      {
        "date": "2025-08-15",
        "close": 52.584745,
        "volume": 269389,
        "typical_volume": 426490.4,
        "trend": 48.02732,
        "fair_value": 39.597381,
        "relative_strength": 0.137544,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.943775,
        "energy": 87.614658,
        "activity_lines": [
          51.924788,
          51.406203,
          49.930268,
          48.833782
        ]
      },
      {
        "date": "2025-08-22",
        "close": 52.723753,
        "volume": 725140,
        "typical_volume": 407445.5,
        "trend": 48.139533,
        "fair_value": 39.733421,
        "relative_strength": 0.108086,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.815098,
        "energy": 79.241563,
        "activity_lines": [
          52.25245,
          51.757063,
          50.358827,
          49.136777
        ]
      },
      {
        "date": "2025-08-29",
        "close": 52.664178,
        "volume": 289791,
        "typical_volume": 376331.95,
        "trend": 48.267539,
        "fair_value": 39.875705,
        "relative_strength": 0.033158,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.97186,
        "energy": 82.963321,
        "activity_lines": [
          52.4603,
          52.021853,
          50.726072,
          49.42869
        ]
      },
      {
        "date": "2025-09-05",
        "close": 52.881924,
        "volume": 303836,
        "typical_volume": 378934.75,
        "trend": 48.405438,
        "fair_value": 40.011982,
        "relative_strength": 0.109521,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.576399,
        "energy": 83.503934,
        "activity_lines": [
          52.698367,
          52.249916,
          51.07011,
          49.726392
        ]
      },
      {
        "date": "2025-09-12",
        "close": 53.751419,
        "volume": 384004,
        "typical_volume": 370848.3,
        "trend": 48.547626,
        "fair_value": 40.16375,
        "relative_strength": 0.180934,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.571539,
        "energy": 79.078834,
        "activity_lines": [
          53.087305,
          52.587339,
          51.448817,
          50.071294
        ]
      },
      {
        "date": "2025-09-19",
        "close": 54.441495,
        "volume": 392423,
        "typical_volume": 369194.1,
        "trend": 48.740638,
        "fair_value": 40.328471,
        "relative_strength": 0.225647,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.640239,
        "energy": 78.690456,
        "activity_lines": [
          53.594069,
          53.001758,
          51.850396,
          50.451544
        ]
      },
      {
        "date": "2025-09-26",
        "close": 54.210558,
        "volume": 574370,
        "typical_volume": 376804.65,
        "trend": 48.94225,
        "fair_value": 40.497129,
        "relative_strength": 0.084716,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.41784,
        "energy": 80.814814,
        "activity_lines": [
          53.90007,
          53.309739,
          52.190401,
          50.804442
        ]
      },
      {
        "date": "2025-10-03",
        "close": 54.797748,
        "volume": 689374,
        "typical_volume": 389549.75,
        "trend": 49.212493,
        "fair_value": 40.66793,
        "relative_strength": 0.049063,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.614824,
        "energy": 82.61441,
        "activity_lines": [
          54.302681,
          53.67019,
          52.546833,
          51.182216
        ]
      },
      {
        "date": "2025-10-10",
        "close": 53.553701,
        "volume": 509682,
        "typical_volume": 387904.55,
        "trend": 49.478143,
        "fair_value": 40.83324,
        "relative_strength": 0.195525,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.889949,
        "energy": 65.418944,
        "activity_lines": [
          54.148372,
          53.754104,
          52.754308,
          51.462294
        ]
      },
      {
        "date": "2025-10-17",
        "close": 54.489224,
        "volume": 816368,
        "typical_volume": 402381.05,
        "trend": 49.769051,
        "fair_value": 40.996522,
        "relative_strength": 0.197536,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.724481,
        "energy": 64.453658,
        "activity_lines": [
          54.261119,
          53.958,
          53.020525,
          51.785589
        ]
      },
      {
        "date": "2025-10-24",
        "close": 55.507252,
        "volume": 281238,
        "typical_volume": 401249.15,
        "trend": 50.116631,
        "fair_value": 41.15884,
        "relative_strength": 0.128831,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.956536,
        "energy": 68.42693,
        "activity_lines": [
          54.664021,
          54.302977,
          53.353416,
          52.155796
        ]
      },
      {
        "date": "2025-10-31",
        "close": 55.922365,
        "volume": 492732,
        "typical_volume": 411650.2,
        "trend": 50.612733,
        "fair_value": 41.330674,
        "relative_strength": 0.163247,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.904858,
        "energy": 69.454566,
        "activity_lines": [
          55.134244,
          54.670294,
          53.693825,
          52.530359
        ]
      },
      {
        "date": "2025-11-07",
        "close": 54.986843,
        "volume": 644568,
        "typical_volume": 422879.9,
        "trend": 50.997765,
        "fair_value": 41.485162,
        "relative_strength": 0.111447,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.692978,
        "energy": 61.754355,
        "activity_lines": [
          55.178505,
          54.809359,
          53.9102,
          52.81256
        ]
      },
      {
        "date": "2025-11-14",
        "close": 55.056509,
        "volume": 267433,
        "typical_volume": 416909.2,
        "trend": 51.407236,
        "fair_value": 41.640978,
        "relative_strength": 0.088997,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.364783,
        "energy": 57.286865,
        "activity_lines": [
          55.233383,
          54.91886,
          54.102161,
          53.074415
        ]
      },
      {
        "date": "2025-11-21",
        "close": 54.041368,
        "volume": 387622,
        "typical_volume": 417321.2,
        "trend": 51.716847,
        "fair_value": 41.787356,
        "relative_strength": 0.159809,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.855413,
        "energy": 44.861987,
        "activity_lines": [
          54.849692,
          54.804252,
          54.174324,
          53.244359
        ]
      },
      {
        "date": "2025-11-28",
        "close": 56.031842,
        "volume": 509498,
        "typical_volume": 427902.2,
        "trend": 52.046921,
        "fair_value": 41.943823,
        "relative_strength": 0.142692,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.176366,
        "energy": 45.748101,
        "activity_lines": [
          55.159351,
          55.046277,
          54.421981,
          53.522745
        ]
      },
      {
        "date": "2025-12-05",
        "close": 56.215463,
        "volume": 316631,
        "typical_volume": 433439.45,
        "trend": 52.390214,
        "fair_value": 42.107828,
        "relative_strength": 0.131049,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.888073,
        "energy": 48.679215,
        "activity_lines": [
          55.495243,
          55.292771,
          54.662673,
          53.791684
        ]
      },
      {
        "date": "2025-12-12",
        "close": 55.865637,
        "volume": 205427,
        "typical_volume": 432293.25,
        "trend": 52.639153,
        "fair_value": 42.273695,
        "relative_strength": 0.080299,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.974165,
        "energy": 46.250052,
        "activity_lines": [
          55.694987,
          55.439209,
          54.846281,
          54.015904
        ]
      },
      {
        "date": "2025-12-19",
        "close": 55.94227,
        "volume": 950475,
        "typical_volume": 465139.05,
        "trend": 52.931251,
        "fair_value": 42.440945,
        "relative_strength": 0.097155,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.943405,
        "energy": 49.40185,
        "activity_lines": [
          55.861689,
          55.580163,
          55.018916,
          54.229009
        ]
      },
      {
        "date": "2025-12-26",
        "close": 56.772262,
        "volume": 354573,
        "typical_volume": 468228.7,
        "trend": 53.219324,
        "fair_value": 42.612567,
        "relative_strength": 0.149488,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.662225,
        "energy": 60.677535,
        "activity_lines": [
          56.246005,
          55.828597,
          55.2461,
          54.476816
        ]
      },
      {
        "date": "2026-01-02",
        "close": 56.113859,
        "volume": 340908,
        "typical_volume": 471804.65,
        "trend": 53.463663,
        "fair_value": 42.778177,
        "relative_strength": 0.021199,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.546204,
        "energy": 46.381656,
        "activity_lines": [
          56.228793,
          55.915811,
          55.388179,
          54.66356
        ]
      },
      {
        "date": "2026-01-09",
        "close": 57.011681,
        "volume": 318526,
        "typical_volume": 451473.95,
        "trend": 53.744532,
        "fair_value": 42.944268,
        "relative_strength": 0.023399,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.942848,
        "energy": 52.019229,
        "activity_lines": [
          56.505387,
          56.155236,
          55.598959,
          54.892464
        ]
      },
      {
        "date": "2026-01-16",
        "close": 56.772262,
        "volume": 220442,
        "typical_volume": 448006.5,
        "trend": 54.021381,
        "fair_value": 43.110184,
        "relative_strength": -0.051712,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.205442,
        "energy": 51.93111,
        "activity_lines": [
          56.649094,
          56.331325,
          55.76652,
          55.087802
        ]
      },
      {
        "date": "2026-01-23",
        "close": 56.492939,
        "volume": 3232438,
        "typical_volume": 594436.6,
        "trend": 54.231087,
        "fair_value": 43.269242,
        "relative_strength": -0.188859,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.43017,
        "energy": 43.672364,
        "activity_lines": [
          56.639251,
          56.424166,
          55.887915,
          55.247257
        ]
      },
      {
        "date": "2026-01-30",
        "close": 56.662528,
        "volume": 315808,
        "typical_volume": 591026.8,
        "trend": 54.41699,
        "fair_value": 43.425432,
        "relative_strength": -0.281173,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.191194,
        "energy": 42.610872,
        "activity_lines": [
          56.649227,
          56.521724,
          56.008267,
          55.404124
        ]
      },
      {
        "date": "2026-02-06",
        "close": 56.502915,
        "volume": 426367,
        "typical_volume": 592724.0,
        "trend": 54.603861,
        "fair_value": 43.583256,
        "relative_strength": -0.36133,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 54.08553,
        "energy": 36.545563,
        "activity_lines": [
          56.613314,
          56.542604,
          56.099555,
          55.5387
        ]
      },
      {
        "date": "2026-02-13",
        "close": 55.744755,
        "volume": 332831,
        "typical_volume": 580647.05,
        "trend": 54.754538,
        "fair_value": 43.73622,
        "relative_strength": -0.411221,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 39.780713,
        "energy": 23.752352,
        "activity_lines": [
          56.298744,
          56.417072,
          56.108821,
          55.612306
        ]
      },
      {
        "date": "2026-02-20",
        "close": 56.37323,
        "volume": 259784,
        "typical_volume": 559167.55,
        "trend": 54.899355,
        "fair_value": 43.898713,
        "relative_strength": -0.403918,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.047398,
        "energy": 21.117006,
        "activity_lines": [
          56.278127,
          56.414366,
          56.170636,
          55.716738
        ]
      },
      {
        "date": "2026-02-27",
        "close": 56.073956,
        "volume": 2343360,
        "typical_volume": 650851.45,
        "trend": 55.075237,
        "fair_value": 44.055518,
        "relative_strength": -0.429708,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.680988,
        "energy": 16.608199,
        "activity_lines": [
          56.184355,
          56.348018,
          56.196447,
          55.792519
        ]
      },
      {
        "date": "2026-03-06",
        "close": 54.926739,
        "volume": 378433,
        "typical_volume": 628954.7,
        "trend": 55.170514,
        "fair_value": 44.214671,
        "relative_strength": -0.484896,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -2.19747,
        "energy": 11.083828,
        "activity_lines": [
          55.736109,
          56.070691,
          56.100998,
          55.782938
        ]
      },
      {
        "date": "2026-03-13",
        "close": 54.028918,
        "volume": 552439,
        "typical_volume": 642514.75,
        "trend": 55.218653,
        "fair_value": 44.363991,
        "relative_strength": -0.611757,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -33.352846,
        "energy": 30.082389,
        "activity_lines": [
          55.104309,
          55.663679,
          55.917958,
          55.709287
        ]
      },
      {
        "date": "2026-03-20",
        "close": 52.941556,
        "volume": 472503,
        "typical_volume": 641503.3,
        "trend": 55.225913,
        "fair_value": 44.503637,
        "relative_strength": -0.816328,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -43.889381,
        "energy": 58.301273,
        "activity_lines": [
          54.274987,
          55.096872,
          55.6384,
          55.562377
        ]
      },
      {
        "date": "2026-03-27",
        "close": 51.68,
        "volume": 571932,
        "typical_volume": 637871.5,
        "trend": 55.193107,
        "fair_value": 44.62881,
        "relative_strength": -0.955945,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -58.697029,
        "energy": 75.552917,
        "activity_lines": [
          53.212027,
          54.374694,
          55.252888,
          55.333609
        ]
      },
      {
        "date": "2026-04-03",
        "close": 53.56,
        "volume": 375976,
        "typical_volume": 643298.65,
        "trend": 55.21571,
        "fair_value": 44.766219,
        "relative_strength": -0.744328,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -36.721512,
        "energy": 66.255955,
        "activity_lines": [
          53.088616,
          54.086921,
          55.06217,
          55.228247
        ]
      },
      {
        "date": "2026-04-10",
        "close": 55.54,
        "volume": 563169,
        "typical_volume": 652076.0,
        "trend": 55.275329,
        "fair_value": 44.914647,
        "relative_strength": -0.641963,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -53.542822,
        "energy": 51.083393,
        "activity_lines": [
          53.792802,
          54.212473,
          55.06715,
          55.249169
        ]
      },
      {
        "date": "2026-04-17",
        "close": 58.19,
        "volume": 452318,
        "typical_volume": 649217.0,
        "trend": 55.400279,
        "fair_value": 45.080124,
        "relative_strength": -0.392941,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 21.915487,
        "energy": 12.13577,
        "activity_lines": [
          55.339437,
          54.840254,
          55.317375,
          55.437212
        ]
      },
      {
        "date": "2026-04-24",
        "close": 58.330414,
        "volume": 918366,
        "typical_volume": 679303.75,
        "trend": 55.537608,
        "fair_value": 45.244579,
        "relative_strength": -0.672312,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 33.662731,
        "energy": 35.382075,
        "activity_lines": [
          56.655471,
          55.46289,
          55.570695,
          55.626253
        ]
      },
      {
        "date": "2026-05-01",
        "close": 58.829306,
        "volume": 1604335,
        "typical_volume": 749249.15,
        "trend": 55.671993,
        "fair_value": 45.413659,
        "relative_strength": -0.739477,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.993816,
        "energy": 57.035417,
        "activity_lines": [
          57.778546,
          56.129222,
          55.861458,
          55.838621
        ]
      },
      {
        "date": "2026-05-08",
        "close": 60.246158,
        "volume": 465573,
        "typical_volume": 725004.05,
        "trend": 55.895075,
        "fair_value": 45.59213,
        "relative_strength": -0.673095,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.837609,
        "energy": 82.843339,
        "activity_lines": [
          58.897284,
          57.008507,
          56.273047,
          56.133728
        ]
      },
      {
        "date": "2026-05-15",
        "close": 60.266114,
        "volume": 2035287,
        "typical_volume": 809039.75,
        "trend": 56.087638,
        "fair_value": 45.767195,
        "relative_strength": -0.828787,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.752716,
        "energy": 85.16941,
        "activity_lines": [
          59.57693,
          57.815563,
          56.666041,
          56.415731
        ]
      },
      {
        "date": "2026-05-22",
        "close": 60.864784,
        "volume": 281224,
        "typical_volume": 806055.55,
        "trend": 56.266222,
        "fair_value": 45.945292,
        "relative_strength": -0.694692,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.320472,
        "energy": 85.960985,
        "activity_lines": [
          60.141058,
          58.634387,
          57.099414,
          56.723934
        ]
      },
      {
        "date": "2026-05-29",
        "close": 61.832634,
        "volume": 460728,
        "typical_volume": 813165.65,
        "trend": 56.463231,
        "fair_value": 46.125563,
        "relative_strength": -0.541184,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.650353,
        "energy": 88.498012,
        "activity_lines": [
          60.849485,
          59.504897,
          57.60234,
          57.083057
        ]
      },
      {
        "date": "2026-06-05",
        "close": 60.226203,
        "volume": 331857,
        "typical_volume": 818736.4,
        "trend": 56.637877,
        "fair_value": 46.294729,
        "relative_strength": -0.622487,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.175064,
        "energy": 72.719851,
        "activity_lines": [
          60.788953,
          59.921672,
          57.929315,
          57.325829
        ]
      },
      {
        "date": "2026-06-12",
        "close": 60.545493,
        "volume": 438874,
        "typical_volume": 679058.2,
        "trend": 56.820843,
        "fair_value": 46.459742,
        "relative_strength": -0.645248,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.817352,
        "energy": 56.528135,
        "activity_lines": [
          60.741724,
          60.241114,
          58.270252,
          57.577934
        ]
      },
      {
        "date": "2026-06-19",
        "close": 61.184075,
        "volume": 190632,
        "typical_volume": 672799.4,
        "trend": 57.058933,
        "fair_value": 46.63196,
        "relative_strength": -0.509723,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.086044,
        "energy": 56.165367,
        "activity_lines": [
          60.887401,
          60.549653,
          58.652708,
          57.859432
        ]
      },
      {
        "date": "2026-06-26",
        "close": 59.9,
        "volume": 315388,
        "typical_volume": 667250.45,
        "trend": 57.187872,
        "fair_value": 46.790907,
        "relative_strength": -0.217378,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.434757,
        "energy": 44.941286,
        "activity_lines": [
          60.543855,
          60.522104,
          58.89134,
          58.042727
        ]
      },
      {
        "date": "2026-07-03",
        "close": 61.14,
        "volume": 250929,
        "typical_volume": 663155.35,
        "trend": 57.352023,
        "fair_value": 46.960415,
        "relative_strength": -0.299303,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.797672,
        "energy": 44.132275,
        "activity_lines": [
          60.677961,
          60.688919,
          59.231891,
          58.297703
        ]
      },
      {
        "date": "2026-07-10",
        "close": 61.92,
        "volume": 241291,
        "typical_volume": 662230.7,
        "trend": 57.553835,
        "fair_value": 47.129138,
        "relative_strength": -0.375973,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.399206,
        "energy": 53.485962,
        "activity_lines": [
          61.118243,
          60.946469,
          59.621036,
          58.592411
        ]
      },
      {
        "date": "2026-07-17",
        "close": 61.01,
        "volume": 389777,
        "typical_volume": 564551.55,
        "trend": 57.722759,
        "fair_value": 47.290721,
        "relative_strength": -0.289924,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.247103,
        "energy": 48.506052,
        "activity_lines": [
          61.142272,
          60.982369,
          59.897101,
          58.81539
        ]
      },
      {
        "date": "2026-07-24",
        "close": 60.57,
        "volume": 148012,
        "typical_volume": 553030.5,
        "trend": 57.849351,
        "fair_value": 47.446995,
        "relative_strength": -0.411032,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.498911,
        "energy": 46.343851,
        "activity_lines": [
          60.988667,
          60.924382,
          60.107756,
          58.999083
        ]
      },
      {
        "date": "2026-07-31",
        "close": 61.29,
        "volume": 587465,
        "typical_volume": 554781.8,
        "trend": 58.021889,
        "fair_value": 47.613297,
        "relative_strength": -0.306771,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.284121,
        "energy": 45.331296,
        "activity_lines": [
          61.116,
          60.991779,
          60.36011,
          59.22106
        ]
      },
      {
        "date": "2026-08-07",
        "close": 63.55,
        "volume": 414277,
        "typical_volume": 551870.5,
        "trend": 58.239833,
        "fair_value": 47.795082,
        "relative_strength": -0.12695,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.637361,
        "energy": 57.05498,
        "activity_lines": [
          61.904,
          61.462353,
          60.793126,
          59.577712
        ]
      }
    ],
    "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."
    }
  }
}