{
  "ticker": {
    "uuid": "5ddf86b1-37be-4237-a123-bd8d4546ea69",
    "symbol": "PAGEIND",
    "name": "Page Industries Limited",
    "exchange": "NSI",
    "country": "IN",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^NSEI",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 44.002,
    "architecture_energy": 33.546,
    "architecture_maturity": 50.671,
    "architecture_confidence": 90.855,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 32.66,
        "rotation_up": 35.58,
        "upward_expansion": 64.33,
        "deceleration": 87.76,
        "rotation_down": 26.62,
        "downward_expansion": 16.66
      },
      "activity_lines": [
        40068.0,
        40246.636364,
        39401.624572,
        38053.667549
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 39900.0,
    "trend_reference": 36387.090104,
    "distance_from_trend": 0.096543,
    "trend_direction": "Improving",
    "fair_value": 39331.093475,
    "distance_from_fair_value": 0.014465,
    "fair_value_direction": "Improving",
    "relative_strength": 5.942531,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.130543,
    "excess_performance": 0.174252,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.096543,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.028484,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.014465,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.062051,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.059425,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.086764,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.130543,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.565135,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 61578,
      "relative_activity": 0.557243,
      "balance": 1.565135,
      "dry_up": 0.996692,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.048661,
      "annualized_volatility": 0.271485,
      "from_high_reference": -0.147526,
      "from_low_reference": 0.343964
    },
    "levels": {
      "trend_reference": 36387.090104,
      "fair_value_reference": 39331.093475,
      "structural_low": 29688.285082,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 6,
        "median_return": 0.002683,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.004954,
        "regime_survival": 0.333333,
        "best_return": 0.089833,
        "worst_return": -0.100996,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.020587,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.031993,
        "regime_survival": 0.0,
        "best_return": 0.267516,
        "worst_return": -0.183257,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.131082,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.081573,
        "regime_survival": 0.25,
        "best_return": 0.352255,
        "worst_return": -0.108842,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.188247,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.246866,
        "regime_survival": 0.0,
        "best_return": 0.63267,
        "worst_return": -0.251584,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-06-21",
        "end": "2024-07-05",
        "tenure": "New",
        "return": -0.009999,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-12",
        "end": "2025-01-24",
        "tenure": "Extended",
        "return": 0.182168,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-31",
        "end": "2025-02-14",
        "tenure": "New",
        "return": -0.078492,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-02-21",
        "end": "2025-03-21",
        "tenure": "Developing",
        "return": 0.024206,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-28",
        "end": "2025-04-18",
        "tenure": "New",
        "return": 0.050622,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-25",
        "end": "2025-05-02",
        "tenure": "New",
        "return": 0.01446,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-09",
        "end": "2025-06-27",
        "tenure": "Developing",
        "return": 0.091921,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-04",
        "end": "2025-08-08",
        "tenure": "Developing",
        "return": -0.078936,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-15",
        "end": "2025-09-26",
        "tenure": "Developing",
        "return": -0.052281,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-10-03",
        "end": "2025-10-10",
        "tenure": "New",
        "return": -0.028805,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-17",
        "end": "2026-04-24",
        "tenure": "Extended",
        "return": -0.075967,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-05-01",
        "end": "2026-06-05",
        "tenure": "Developing",
        "return": 0.046507,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-06-12",
        "end": "2026-07-31",
        "tenure": "Developing",
        "return": 0.045307,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 38615.519531,
        "volume": 101619,
        "typical_volume": 133905.1,
        "trend": 36856.941016,
        "fair_value": 34908.664977,
        "relative_strength": -10.484152,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 49.824552,
        "energy": 37.217858,
        "activity_lines": [
          37844.569792,
          36881.696165,
          36921.590086,
          36873.606712
        ]
      },
      {
        "date": "2023-08-25",
        "close": 37648.792969,
        "volume": 108327,
        "typical_volume": 136428.65,
        "trend": 36844.626432,
        "fair_value": 35029.655975,
        "relative_strength": -11.953131,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 54.885323,
        "energy": 46.422003,
        "activity_lines": [
          38013.148698,
          37096.116122,
          36978.179911,
          36924.693935
        ]
      },
      {
        "date": "2023-09-01",
        "close": 38157.453125,
        "volume": 71249,
        "typical_volume": 135789.85,
        "trend": 36851.047005,
        "fair_value": 35163.575296,
        "relative_strength": -10.966158,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.468073,
        "energy": 61.096098,
        "activity_lines": [
          38179.534115,
          37389.207102,
          37069.750502,
          37009.392431
        ]
      },
      {
        "date": "2023-09-08",
        "close": 40108.351563,
        "volume": 134919,
        "typical_volume": 135106.15,
        "trend": 36955.220573,
        "fair_value": 35310.376002,
        "relative_strength": -7.755445,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.918574,
        "energy": 70.720938,
        "activity_lines": [
          38831.529427,
          37998.43544,
          37336.862221,
          37219.541112
        ]
      },
      {
        "date": "2023-09-15",
        "close": 38907.871094,
        "volume": 179537,
        "typical_volume": 138353.75,
        "trend": 37014.539583,
        "fair_value": 35448.144456,
        "relative_strength": -11.605651,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.529724,
        "energy": 56.654771,
        "activity_lines": [
          38890.548438,
          38314.842756,
          37480.802418,
          37345.518565
        ]
      },
      {
        "date": "2023-09-22",
        "close": 37748.496094,
        "volume": 105977,
        "typical_volume": 139912.0,
        "trend": 37061.128385,
        "fair_value": 35572.283817,
        "relative_strength": -11.199571,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 54.5593,
        "energy": 36.761482,
        "activity_lines": [
          38577.514584,
          38348.837997,
          37512.412147,
          37392.870598
        ]
      },
      {
        "date": "2023-09-29",
        "close": 37349.355469,
        "volume": 198133,
        "typical_volume": 146247.6,
        "trend": 37118.848958,
        "fair_value": 35683.563777,
        "relative_strength": -11.250984,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 38.09223,
        "energy": 24.85399,
        "activity_lines": [
          38189.235417,
          38261.698154,
          37513.24083,
          37411.465894
        ]
      },
      {
        "date": "2023-10-06",
        "close": 37766.363281,
        "volume": 88840,
        "typical_volume": 145759.3,
        "trend": 37198.974089,
        "fair_value": 35800.282477,
        "relative_strength": -9.503108,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 33.635938,
        "energy": 16.537351,
        "activity_lines": [
          37959.921354,
          38208.982173,
          37568.08631,
          37453.241011
        ]
      },
      {
        "date": "2023-10-13",
        "close": 37653.632813,
        "volume": 81440,
        "typical_volume": 126611.35,
        "trend": 37269.148438,
        "fair_value": 35918.220127,
        "relative_strength": -9.476656,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 29.695082,
        "energy": 18.483135,
        "activity_lines": [
          37719.103125,
          38097.965128,
          37621.875819,
          37482.573832
        ]
      },
      {
        "date": "2023-10-20",
        "close": 36096.984375,
        "volume": 79804,
        "typical_volume": 118142.7,
        "trend": 37290.888672,
        "fair_value": 36027.33759,
        "relative_strength": -11.466129,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -9.924719,
        "energy": 14.778013,
        "activity_lines": [
          37123.05,
          37695.966122,
          37518.650372,
          37406.950345
        ]
      },
      {
        "date": "2023-10-27",
        "close": 35975.972656,
        "volume": 133694,
        "typical_volume": 116962.0,
        "trend": 37283.508984,
        "fair_value": 36137.891865,
        "relative_strength": -8.841069,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -21.744516,
        "energy": 21.684691,
        "activity_lines": [
          36674.052083,
          37327.000781,
          37407.671745,
          37322.117053
        ]
      },
      {
        "date": "2023-11-03",
        "close": 35855.855469,
        "volume": 96978,
        "typical_volume": 115616.85,
        "trend": 37317.985807,
        "fair_value": 36238.647073,
        "relative_strength": -9.385751,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -51.290632,
        "energy": 42.513652,
        "activity_lines": [
          36303.183333,
          36984.187713,
          37288.667002,
          37230.010375
        ]
      },
      {
        "date": "2023-11-10",
        "close": 36757.183594,
        "volume": 115269,
        "typical_volume": 117368.5,
        "trend": 37343.121224,
        "fair_value": 36343.131047,
        "relative_strength": -7.541968,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -44.170229,
        "energy": 42.646415,
        "activity_lines": [
          36332.323958,
          36837.85135,
          37260.423233,
          37193.829587
        ]
      },
      {
        "date": "2023-11-17",
        "close": 36000.414063,
        "volume": 97273,
        "typical_volume": 119198.2,
        "trend": 37268.070313,
        "fair_value": 36440.896823,
        "relative_strength": -10.364593,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -48.119414,
        "energy": 44.821256,
        "activity_lines": [
          36176.486719,
          36579.379972,
          37156.67208,
          37107.203318
        ]
      },
      {
        "date": "2023-11-24",
        "close": 36008.472656,
        "volume": 62592,
        "typical_volume": 116963.1,
        "trend": 37184.820313,
        "fair_value": 36535.000826,
        "relative_strength": -10.108208,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -48.086477,
        "energy": 38.841653,
        "activity_lines": [
          36133.550261,
          36397.063565,
          37053.724535,
          37025.938953
        ]
      },
      {
        "date": "2023-12-01",
        "close": 36283.691406,
        "volume": 90568,
        "typical_volume": 114515.85,
        "trend": 37085.367057,
        "fair_value": 36623.308131,
        "relative_strength": -10.99943,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -43.122765,
        "energy": 26.251981,
        "activity_lines": [
          36188.254167,
          36317.503267,
          36972.038226,
          36967.801605
        ]
      },
      {
        "date": "2023-12-08",
        "close": 35846.695313,
        "volume": 244026,
        "typical_volume": 122945.7,
        "trend": 36935.166016,
        "fair_value": 36711.550669,
        "relative_strength": -14.45486,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.705654,
        "energy": 34.318124,
        "activity_lines": [
          36076.778125,
          36185.121946,
          36842.989342,
          36887.887298
        ]
      },
      {
        "date": "2023-12-15",
        "close": 36342.886719,
        "volume": 131983,
        "typical_volume": 124733.75,
        "trend": 36819.954948,
        "fair_value": 36774.977452,
        "relative_strength": -14.790184,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": -23.980785,
        "energy": 19.530797,
        "activity_lines": [
          36131.309896,
          36170.278338,
          36757.510566,
          36849.675731
        ]
      },
      {
        "date": "2023-12-22",
        "close": 36112.40625,
        "volume": 106301,
        "typical_volume": 121366.35,
        "trend": 36829.919792,
        "fair_value": 36841.366975,
        "relative_strength": -14.397787,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -51.685935,
        "energy": 27.803989,
        "activity_lines": [
          36136.634636,
          36139.410583,
          36646.958519,
          36804.027428
        ]
      },
      {
        "date": "2023-12-29",
        "close": 36977.0,
        "volume": 88637,
        "typical_volume": 115858.3,
        "trend": 36832.851432,
        "fair_value": 36909.230807,
        "relative_strength": -13.421914,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -32.282291,
        "energy": 16.57655,
        "activity_lines": [
          36422.691146,
          36293.763992,
          36624.004464,
          36813.516474
        ]
      },
      {
        "date": "2024-01-05",
        "close": 37356.828125,
        "volume": 93315,
        "typical_volume": 115443.1,
        "trend": 36854.984635,
        "fair_value": 36969.388847,
        "relative_strength": -12.013746,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -17.287668,
        "energy": 12.80103,
        "activity_lines": [
          36770.788542,
          36501.176776,
          36647.448103,
          36847.321421
        ]
      },
      {
        "date": "2024-01-12",
        "close": 35389.339844,
        "volume": 210534,
        "typical_volume": 120553.45,
        "trend": 36804.992708,
        "fair_value": 37025.411696,
        "relative_strength": -16.921671,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -45.482517,
        "energy": 18.720289,
        "activity_lines": [
          36391.514063,
          36325.757955,
          36489.505673,
          36752.763693
        ]
      },
      {
        "date": "2024-01-19",
        "close": 36152.59375,
        "volume": 223886,
        "typical_volume": 128185.3,
        "trend": 36808.878386,
        "fair_value": 37080.816607,
        "relative_strength": -13.672474,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -42.630766,
        "energy": 17.293414,
        "activity_lines": [
          36297.147917,
          36297.594673,
          36415.013393,
          36710.673438
        ]
      },
      {
        "date": "2024-01-26",
        "close": 35247.191406,
        "volume": 60711,
        "typical_volume": 124474.9,
        "trend": 36783.518099,
        "fair_value": 37143.476487,
        "relative_strength": -14.338161,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -56.171456,
        "energy": 31.317598,
        "activity_lines": [
          35913.667187,
          36115.805327,
          36263.839267,
          36609.919439
        ]
      },
      {
        "date": "2024-02-02",
        "close": 35504.988281,
        "volume": 86843,
        "typical_volume": 119840.2,
        "trend": 36801.385807,
        "fair_value": 37194.42155,
        "relative_strength": -15.266322,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -51.924958,
        "energy": 44.330597,
        "activity_lines": [
          35673.799739,
          35994.583097,
          36160.365606,
          36527.433644
        ]
      },
      {
        "date": "2024-02-09",
        "close": 34856.464844,
        "volume": 126482,
        "typical_volume": 120865.45,
        "trend": 36794.01888,
        "fair_value": 37233.45141,
        "relative_strength": -16.145682,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.516776,
        "energy": 52.20857,
        "activity_lines": [
          35315.891927,
          35764.601776,
          36011.332013,
          36401.954872
        ]
      },
      {
        "date": "2024-02-16",
        "close": 34988.941406,
        "volume": 109405,
        "typical_volume": 116429.05,
        "trend": 36791.230599,
        "fair_value": 37286.803135,
        "relative_strength": -16.407321,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.430576,
        "energy": 55.464756,
        "activity_lines": [
          35168.833854,
          35584.656676,
          35888.686812,
          36285.498261
        ]
      },
      {
        "date": "2024-02-23",
        "close": 34757.113281,
        "volume": 88455,
        "typical_volume": 116409.8,
        "trend": 36760.230729,
        "fair_value": 37339.999499,
        "relative_strength": -17.170943,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.210015,
        "energy": 52.354791,
        "activity_lines": [
          34971.192969,
          35378.156534,
          35755.202809,
          36154.264886
        ]
      },
      {
        "date": "2024-03-01",
        "close": 34281.886719,
        "volume": 183908,
        "typical_volume": 121533.2,
        "trend": 36662.423307,
        "fair_value": 37389.644394,
        "relative_strength": -18.357406,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.54505,
        "energy": 51.50838,
        "activity_lines": [
          34708.17526,
          35114.083807,
          35590.788895,
          35994.371724
        ]
      },
      {
        "date": "2024-03-08",
        "close": 34535.378906,
        "volume": 88440,
        "typical_volume": 121965.0,
        "trend": 36509.470833,
        "fair_value": 37440.965557,
        "relative_strength": -17.903572,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.313133,
        "energy": 44.292957,
        "activity_lines": [
          34594.008594,
          34929.382741,
          35466.573028,
          35857.143053
        ]
      },
      {
        "date": "2024-03-15",
        "close": 33371.050781,
        "volume": 180748,
        "typical_volume": 124317.7,
        "trend": 36334.655208,
        "fair_value": 37483.767127,
        "relative_strength": -18.505414,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.843854,
        "energy": 52.84825,
        "activity_lines": [
          34156.373177,
          34577.378764,
          35238.904985,
          35654.66434
        ]
      },
      {
        "date": "2024-03-22",
        "close": 33167.472656,
        "volume": 132040,
        "typical_volume": 126070.8,
        "trend": 36185.277865,
        "fair_value": 37514.967423,
        "relative_strength": -18.775348,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.803382,
        "energy": 55.056238,
        "activity_lines": [
          33749.905989,
          34260.829261,
          35004.252939,
          35450.329982
        ]
      },
      {
        "date": "2024-03-29",
        "close": 33168.53125,
        "volume": 83862,
        "typical_volume": 124500.45,
        "trend": 36018.980469,
        "fair_value": 37545.216396,
        "relative_strength": -19.105353,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.083663,
        "energy": 58.250044,
        "activity_lines": [
          33465.222917,
          33984.869815,
          34782.503534,
          35255.701168
        ]
      },
      {
        "date": "2024-04-05",
        "close": 32896.308594,
        "volume": 93008,
        "typical_volume": 124287.2,
        "trend": 35778.579036,
        "fair_value": 37577.926357,
        "relative_strength": -20.001502,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.9002,
        "energy": 60.67462,
        "activity_lines": [
          33195.704427,
          33713.671023,
          34551.916983,
          35054.238466
        ]
      },
      {
        "date": "2024-04-12",
        "close": 34470.785156,
        "volume": 234381,
        "typical_volume": 132876.65,
        "trend": 35630.676172,
        "fair_value": 37616.401129,
        "relative_strength": -15.760355,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.554713,
        "energy": 39.038716,
        "activity_lines": [
          33543.383333,
          33771.48402,
          34486.062035,
          34969.864667
        ]
      },
      {
        "date": "2024-04-19",
        "close": 34073.976563,
        "volume": 143471,
        "typical_volume": 135521.8,
        "trend": 35508.192188,
        "fair_value": 37658.91743,
        "relative_strength": -14.759846,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.5312,
        "energy": 32.629018,
        "activity_lines": [
          33763.098958,
          33775.953693,
          34389.738114,
          34869.432434
        ]
      },
      {
        "date": "2024-04-26",
        "close": 33873.382813,
        "volume": 119960,
        "typical_volume": 129318.5,
        "trend": 35392.326432,
        "fair_value": 37696.927734,
        "relative_strength": -15.736066,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.273041,
        "energy": 23.674026,
        "activity_lines": [
          33869.088282,
          33758.178835,
          34284.832478,
          34763.960862
        ]
      },
      {
        "date": "2024-05-03",
        "close": 33497.75,
        "volume": 124455,
        "typical_volume": 128942.1,
        "trend": 35250.039323,
        "fair_value": 37732.71587,
        "relative_strength": -16.264529,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.589401,
        "energy": 21.126748,
        "activity_lines": [
          33802.80599,
          33692.389986,
          34153.549014,
          34641.730124
        ]
      },
      {
        "date": "2024-05-10",
        "close": 33239.390625,
        "volume": 110435,
        "typical_volume": 129148.8,
        "trend": 35102.897917,
        "fair_value": 37776.487317,
        "relative_strength": -14.683877,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.158627,
        "energy": 26.455079,
        "activity_lines": [
          33628.45599,
          33602.524219,
          34011.208166,
          34512.010854
        ]
      },
      {
        "date": "2024-05-17",
        "close": 34257.0,
        "volume": 66766,
        "typical_volume": 128055.25,
        "trend": 35041.565104,
        "fair_value": 37819.256761,
        "relative_strength": -13.053987,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.802496,
        "energy": 21.117665,
        "activity_lines": [
          33770.436979,
          33716.632813,
          33979.463523,
          34457.436794
        ]
      },
      {
        "date": "2024-05-24",
        "close": 34231.386719,
        "volume": 209740,
        "typical_volume": 133876.5,
        "trend": 34983.41224,
        "fair_value": 37849.285019,
        "relative_strength": -14.56043,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.156275,
        "energy": 17.531924,
        "activity_lines": [
          33918.132552,
          33831.145881,
          33958.231901,
          34405.167221
        ]
      },
      {
        "date": "2024-05-31",
        "close": 34726.070313,
        "volume": 241979,
        "typical_volume": 135448.75,
        "trend": 34945.752734,
        "fair_value": 37884.408466,
        "relative_strength": -11.246218,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -14.69268,
        "energy": 8.611935,
        "activity_lines": [
          34220.228646,
          34019.958949,
          33998.996057,
          34388.564516
        ]
      },
      {
        "date": "2024-06-07",
        "close": 37038.988281,
        "volume": 164470,
        "typical_volume": 132477.95,
        "trend": 34955.146224,
        "fair_value": 37939.894106,
        "relative_strength": -8.028233,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 29.369,
        "energy": 25.550124,
        "activity_lines": [
          35236.451563,
          34600.964418,
          34263.19654,
          34523.611971
        ]
      },
      {
        "date": "2024-06-14",
        "close": 37196.65625,
        "volume": 130533,
        "typical_volume": 135969.05,
        "trend": 34995.020964,
        "fair_value": 37998.975849,
        "relative_strength": -7.944086,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 32.835501,
        "energy": 48.329818,
        "activity_lines": [
          36069.147917,
          35140.264844,
          34538.192095,
          34668.225521
        ]
      },
      {
        "date": "2024-06-21",
        "close": 38448.078125,
        "volume": 77939,
        "typical_volume": 135523.85,
        "trend": 35076.341146,
        "fair_value": 38067.550068,
        "relative_strength": -4.677115,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 52.852828,
        "energy": 69.31416,
        "activity_lines": [
          37055.167188,
          35828.908381,
          34923.087519,
          34891.003402
        ]
      },
      {
        "date": "2024-06-28",
        "close": 37763.265625,
        "volume": 120908,
        "typical_volume": 135245.15,
        "trend": 35125.660287,
        "fair_value": 38129.89825,
        "relative_strength": -8.048734,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 40.892946,
        "energy": 67.295355,
        "activity_lines": [
          37533.510417,
          36320.726136,
          35228.747991,
          35064.353369
        ]
      },
      {
        "date": "2024-07-05",
        "close": 38063.632813,
        "volume": 77951,
        "typical_volume": 133672.45,
        "trend": 35199.558203,
        "fair_value": 38184.519068,
        "relative_strength": -8.259265,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 68.615351,
        "energy": 76.436889,
        "activity_lines": [
          37876.517448,
          36800.078125,
          35549.172954,
          35253.899983
        ]
      },
      {
        "date": "2024-07-12",
        "close": 38396.121094,
        "volume": 78419,
        "typical_volume": 133170.65,
        "trend": 35267.999349,
        "fair_value": 38230.503005,
        "relative_strength": -7.896796,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.07377,
        "energy": 78.528416,
        "activity_lines": [
          38107.84974,
          37263.696165,
          35886.62208,
          35460.129847
        ]
      },
      {
        "date": "2024-07-19",
        "close": 39120.980469,
        "volume": 139181,
        "typical_volume": 130934.3,
        "trend": 35368.285156,
        "fair_value": 38279.707933,
        "relative_strength": -6.075314,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.739643,
        "energy": 72.872379,
        "activity_lines": [
          38490.326302,
          37770.045526,
          36275.776823,
          35708.709274
        ]
      },
      {
        "date": "2024-07-26",
        "close": 40027.742188,
        "volume": 104803,
        "typical_volume": 131752.45,
        "trend": 35469.976563,
        "fair_value": 38346.048027,
        "relative_strength": -4.85382,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.042728,
        "energy": 75.254647,
        "activity_lines": [
          39046.76849,
          38334.322656,
          36728.246522,
          36009.319405
        ]
      },
      {
        "date": "2024-08-02",
        "close": 41339.386719,
        "volume": 111474,
        "typical_volume": 128288.75,
        "trend": 35602.728516,
        "fair_value": 38414.260179,
        "relative_strength": -1.006891,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.854361,
        "energy": 82.953785,
        "activity_lines": [
          39935.114584,
          39032.158026,
          37279.480636,
          36387.991028
        ]
      },
      {
        "date": "2024-08-09",
        "close": 38831.949219,
        "volume": 148367,
        "typical_volume": 129105.1,
        "trend": 35717.482162,
        "fair_value": 38474.85935,
        "relative_strength": -5.221629,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.482005,
        "energy": 55.446784,
        "activity_lines": [
          39749.240104,
          39144.859304,
          37553.966723,
          36596.327848
        ]
      },
      {
        "date": "2024-08-16",
        "close": 39842.460938,
        "volume": 51328,
        "typical_volume": 127478.4,
        "trend": 35840.477734,
        "fair_value": 38542.032752,
        "relative_strength": -3.026017,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.400629,
        "energy": 52.905917,
        "activity_lines": [
          39848.981771,
          39366.637642,
          37897.718322,
          36862.455511
        ]
      },
      {
        "date": "2024-08-23",
        "close": 40392.316406,
        "volume": 74205,
        "typical_volume": 126538.25,
        "trend": 36011.981901,
        "fair_value": 38614.288512,
        "relative_strength": -2.438135,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.934807,
        "energy": 52.289679,
        "activity_lines": [
          40035.585938,
          39637.417472,
          38262.056492,
          37156.122522
        ]
      },
      {
        "date": "2024-08-30",
        "close": 41373.066406,
        "volume": 77198,
        "typical_volume": 118679.1,
        "trend": 36207.584505,
        "fair_value": 38683.066381,
        "relative_strength": -1.335285,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.314556,
        "energy": 53.948261,
        "activity_lines": [
          40464.351042,
          40028.412571,
          38684.104148,
          37501.998942
        ]
      },
      {
        "date": "2024-09-06",
        "close": 39271.207031,
        "volume": 69360,
        "typical_volume": 114973.55,
        "trend": 36354.742578,
        "fair_value": 38740.653108,
        "relative_strength": -4.41102,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.468666,
        "energy": 45.875039,
        "activity_lines": [
          40102.808073,
          39984.069815,
          38873.106715,
          37699.652008
        ]
      },
      {
        "date": "2024-09-13",
        "close": 42193.316406,
        "volume": 155732,
        "typical_volume": 116762.15,
        "trend": 36594.888412,
        "fair_value": 38810.769456,
        "relative_strength": 0.967579,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.488967,
        "energy": 54.042764,
        "activity_lines": [
          40853.180208,
          40443.602557,
          39315.656697,
          38076.33419
        ]
      },
      {
        "date": "2024-09-20",
        "close": 41891.144531,
        "volume": 138857,
        "typical_volume": 117482.25,
        "trend": 36832.689453,
        "fair_value": 38875.864083,
        "relative_strength": -1.104377,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.652702,
        "energy": 53.232517,
        "activity_lines": [
          41278.737239,
          40773.109801,
          39689.809673,
          38418.028133
        ]
      },
      {
        "date": "2024-09-27",
        "close": 40899.6875,
        "volume": 144762,
        "typical_volume": 119198.6,
        "trend": 37053.282813,
        "fair_value": 38942.770408,
        "relative_strength": -4.496331,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.271332,
        "energy": 45.762948,
        "activity_lines": [
          41237.229687,
          40858.80625,
          39929.569624,
          38680.415104
        ]
      },
      {
        "date": "2024-10-04",
        "close": 40272.589844,
        "volume": 83381,
        "typical_volume": 120029.35,
        "trend": 37244.523177,
        "fair_value": 38978.830629,
        "relative_strength": -1.22153,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.452103,
        "energy": 42.267932,
        "activity_lines": [
          40952.864844,
          40798.144815,
          40073.128385,
          38888.112332
        ]
      },
      {
        "date": "2024-10-11",
        "close": 44145.757813,
        "volume": 175038,
        "typical_volume": 118294.25,
        "trend": 37603.680078,
        "fair_value": 39035.759716,
        "relative_strength": 8.67377,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.860104,
        "energy": 50.313209,
        "activity_lines": [
          42032.921094,
          41437.243963,
          40556.914621,
          39333.353276
        ]
      },
      {
        "date": "2024-10-18",
        "close": 44340.84375,
        "volume": 146457,
        "typical_volume": 113518.15,
        "trend": 37976.125781,
        "fair_value": 39091.207307,
        "relative_strength": 9.719727,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.529228,
        "energy": 53.299559,
        "activity_lines": [
          42853.035938,
          42060.788352,
          41012.069178,
          39768.008997
        ]
      },
      {
        "date": "2024-10-25",
        "close": 41877.136719,
        "volume": 79587,
        "typical_volume": 109274.0,
        "trend": 38266.41263,
        "fair_value": 39131.986428,
        "relative_strength": 6.706558,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.582131,
        "energy": 44.699544,
        "activity_lines": [
          42708.746615,
          42136.22429,
          41186.800335,
          40019.687122
        ]
      },
      {
        "date": "2024-11-01",
        "close": 42228.488281,
        "volume": 60330,
        "typical_volume": 105763.85,
        "trend": 38577.485287,
        "fair_value": 39165.180414,
        "relative_strength": 7.216233,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.250552,
        "energy": 44.485666,
        "activity_lines": [
          42682.508333,
          42238.548224,
          41371.954743,
          40275.304906
        ]
      },
      {
        "date": "2024-11-08",
        "close": 46707.460938,
        "volume": 273248,
        "typical_volume": 115529.3,
        "trend": 38985.374479,
        "fair_value": 39219.962064,
        "relative_strength": 19.295554,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.668291,
        "energy": 60.457959,
        "activity_lines": [
          44060.674219,
          43121.845881,
          41959.716871,
          40799.819464
        ]
      },
      {
        "date": "2024-11-15",
        "close": 44394.691406,
        "volume": 123330,
        "typical_volume": 115650.4,
        "trend": 39329.398307,
        "fair_value": 39258.082958,
        "relative_strength": 16.268661,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.44544,
        "energy": 45.484772,
        "activity_lines": [
          44238.925521,
          43487.650994,
          42287.88484,
          41148.807653
        ]
      },
      {
        "date": "2024-11-22",
        "close": 43796.144531,
        "volume": 173122,
        "typical_volume": 120408.95,
        "trend": 39660.157031,
        "fair_value": 39302.221154,
        "relative_strength": 12.886923,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.446737,
        "energy": 44.044116,
        "activity_lines": [
          44201.065625,
          43651.475142,
          42527.470127,
          41436.984829
        ]
      },
      {
        "date": "2024-11-29",
        "close": 43678.207031,
        "volume": 172023,
        "typical_volume": 125089.15,
        "trend": 39999.505599,
        "fair_value": 39348.949219,
        "relative_strength": 11.51236,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.508191,
        "energy": 42.419401,
        "activity_lines": [
          44160.20651,
          43764.713778,
          42728.525595,
          41696.213861
        ]
      },
      {
        "date": "2024-12-06",
        "close": 45108.402344,
        "volume": 278285,
        "typical_volume": 132044.35,
        "trend": 40395.139323,
        "fair_value": 39395.30609,
        "relative_strength": 12.454654,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.574292,
        "energy": 39.705224,
        "activity_lines": [
          44476.007812,
          44105.495881,
          43040.637351,
          42025.820103
        ]
      },
      {
        "date": "2024-12-13",
        "close": 47686.835938,
        "volume": 210193,
        "typical_volume": 137313.85,
        "trend": 40842.800521,
        "fair_value": 39465.572767,
        "relative_strength": 18.124695,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.334326,
        "energy": 51.135765,
        "activity_lines": [
          45459.292708,
          44838.562003,
          43569.802679,
          42496.252142
        ]
      },
      {
        "date": "2024-12-20",
        "close": 47798.464844,
        "volume": 204319,
        "typical_volume": 141956.1,
        "trend": 41295.036458,
        "fair_value": 39533.40615,
        "relative_strength": 23.839037,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.024763,
        "energy": 67.340943,
        "activity_lines": [
          46414.495573,
          45457.119815,
          44073.127455,
          42945.004679
        ]
      },
      {
        "date": "2024-12-27",
        "close": 45917.300781,
        "volume": 67246,
        "typical_volume": 137900.05,
        "trend": 41668.077474,
        "fair_value": 39582.340395,
        "relative_strength": 17.523608,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.999912,
        "energy": 62.495414,
        "activity_lines": [
          46515.725521,
          45667.234943,
          44366.536235,
          43243.215281
        ]
      },
      {
        "date": "2025-01-03",
        "close": 46903.128906,
        "volume": 127359,
        "typical_volume": 141701.6,
        "trend": 41996.882162,
        "fair_value": 39615.339468,
        "relative_strength": 18.765164,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.166759,
        "energy": 62.229442,
        "activity_lines": [
          46804.154427,
          46027.928693,
          44720.093638,
          43580.960534
        ]
      },
      {
        "date": "2025-01-10",
        "close": 45733.371094,
        "volume": 140936,
        "typical_volume": 145038.15,
        "trend": 42281.439323,
        "fair_value": 39637.679688,
        "relative_strength": 18.172943,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.905571,
        "energy": 44.436522,
        "activity_lines": [
          46487.669271,
          46084.557528,
          44928.623307,
          43822.024336
        ]
      },
      {
        "date": "2025-01-17",
        "close": 45099.402344,
        "volume": 193446,
        "typical_volume": 150850.55,
        "trend": 42503.15013,
        "fair_value": 39668.509716,
        "relative_strength": 17.310326,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 43.032576,
        "energy": 28.596598,
        "activity_lines": [
          45918.196615,
          45962.194176,
          45051.341406,
          44003.828402
        ]
      },
      {
        "date": "2025-01-24",
        "close": 45390.65625,
        "volume": 127769,
        "typical_volume": 153771.0,
        "trend": 42757.396484,
        "fair_value": 39705.448718,
        "relative_strength": 18.203415,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 39.069103,
        "energy": 24.027268,
        "activity_lines": [
          45618.304167,
          45922.023509,
          45184.053516,
          44190.11912
        ]
      },
      {
        "date": "2025-01-31",
        "close": 43755.15625,
        "volume": 135749,
        "typical_volume": 152771.85,
        "trend": 42947.113932,
        "fair_value": 39732.813827,
        "relative_strength": 11.621631,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 24.185947,
        "energy": 17.253425,
        "activity_lines": [
          44933.765625,
          45566.380753,
          45131.863486,
          44254.490717
        ]
      },
      {
        "date": "2025-02-07",
        "close": 42052.339844,
        "volume": 362138,
        "typical_volume": 163935.9,
        "trend": 43068.987891,
        "fair_value": 39760.726187,
        "relative_strength": 6.815403,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -5.908295,
        "energy": 16.494365,
        "activity_lines": [
          43825.764583,
          44901.880256,
          44910.063133,
          44196.763357
        ]
      },
      {
        "date": "2025-02-14",
        "close": 40320.714844,
        "volume": 154165,
        "typical_volume": 164406.05,
        "trend": 43108.979037,
        "fair_value": 39766.647035,
        "relative_strength": 5.027384,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -37.398548,
        "energy": 38.249642,
        "activity_lines": [
          42463.941146,
          43952.100071,
          44522.578516,
          44019.455418
        ]
      },
      {
        "date": "2025-02-21",
        "close": 40383.5,
        "volume": 122610,
        "typical_volume": 166367.5,
        "trend": 43120.83763,
        "fair_value": 39773.091096,
        "relative_strength": 5.555561,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -35.089976,
        "energy": 53.457328,
        "activity_lines": [
          41483.889844,
          43100.784233,
          44143.83045,
          43843.618061
        ]
      },
      {
        "date": "2025-02-28",
        "close": 39778.367188,
        "volume": 150590,
        "typical_volume": 165145.1,
        "trend": 43068.803646,
        "fair_value": 39778.579502,
        "relative_strength": 6.80591,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -36.027954,
        "energy": 62.286572,
        "activity_lines": [
          40616.521094,
          42272.232173,
          43706.922545,
          43627.974807
        ]
      },
      {
        "date": "2025-03-07",
        "close": 39337.738281,
        "volume": 109738,
        "typical_volume": 163309.15,
        "trend": 43085.663281,
        "fair_value": 39778.245418,
        "relative_strength": 3.372508,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -45.338209,
        "energy": 68.017094,
        "activity_lines": [
          39976.428646,
          41509.385725,
          43248.84708,
          43387.260912
        ]
      },
      {
        "date": "2025-03-14",
        "close": 39369.257813,
        "volume": 44986,
        "typical_volume": 161579.1,
        "trend": 43069.889844,
        "fair_value": 39770.90004,
        "relative_strength": 3.885553,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -41.915693,
        "energy": 64.905646,
        "activity_lines": [
          39641.33724,
          40871.898509,
          42817.597787,
          43147.492818
        ]
      },
      {
        "date": "2025-03-21",
        "close": 41361.023438,
        "volume": 82510,
        "typical_volume": 162688.1,
        "trend": 43102.180078,
        "fair_value": 39789.890425,
        "relative_strength": 4.365366,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -62.12509,
        "energy": 51.638346,
        "activity_lines": [
          40149.039844,
          40733.529972,
          42587.982738,
          43037.243372
        ]
      },
      {
        "date": "2025-03-28",
        "close": 41916.523438,
        "volume": 104706,
        "typical_volume": 154261.0,
        "trend": 43120.295313,
        "fair_value": 39795.992563,
        "relative_strength": 4.655531,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.460413,
        "energy": 36.919459,
        "activity_lines": [
          40772.555209,
          40775.658665,
          42415.403237,
          42960.749395
        ]
      },
      {
        "date": "2025-04-04",
        "close": 41539.5625,
        "volume": 62508,
        "typical_volume": 151219.9,
        "trend": 43195.907162,
        "fair_value": 39788.502053,
        "relative_strength": 6.076521,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -41.927525,
        "energy": 25.180006,
        "activity_lines": [
          41168.215365,
          40807.119532,
          42229.736682,
          42858.766633
        ]
      },
      {
        "date": "2025-04-11",
        "close": 43671.625,
        "volume": 125666,
        "typical_volume": 148847.1,
        "trend": 43245.184115,
        "fair_value": 39795.693785,
        "relative_strength": 11.412688,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -23.823606,
        "energy": 19.864689,
        "activity_lines": [
          42157.15,
          41296.248012,
          42260.71955,
          42889.458107
        ]
      },
      {
        "date": "2025-04-18",
        "close": 44038.425781,
        "volume": 79054,
        "typical_volume": 144198.65,
        "trend": 43316.760156,
        "fair_value": 39798.814278,
        "relative_strength": 7.159919,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -12.455384,
        "energy": 18.548962,
        "activity_lines": [
          42979.425781,
          41853.586293,
          42327.228776,
          42940.634988
        ]
      },
      {
        "date": "2025-04-25",
        "close": 43792.980469,
        "volume": 99716,
        "typical_volume": 135270.2,
        "trend": 43413.203255,
        "fair_value": 39802.148538,
        "relative_strength": 5.365051,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -12.486624,
        "energy": 19.500395,
        "activity_lines": [
          43408.608594,
          42330.1875,
          42368.646931,
          42971.35888
        ]
      },
      {
        "date": "2025-05-02",
        "close": 44426.238281,
        "volume": 95057,
        "typical_volume": 129513.4,
        "trend": 43551.658203,
        "fair_value": 39813.60294,
        "relative_strength": 5.14828,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 21.785768,
        "energy": 26.834206,
        "activity_lines": [
          43886.746875,
          42858.794389,
          42476.639267,
          43036.715978
        ]
      },
      {
        "date": "2025-05-09",
        "close": 44642.234375,
        "volume": 95267,
        "typical_volume": 124060.8,
        "trend": 43568.207422,
        "fair_value": 39845.453901,
        "relative_strength": 6.733344,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 24.522086,
        "energy": 34.538793,
        "activity_lines": [
          44269.569531,
          43353.168963,
          42620.729316,
          43107.075731
        ]
      },
      {
        "date": "2025-05-16",
        "close": 46959.269531,
        "volume": 157049,
        "typical_volume": 128550.95,
        "trend": 43655.488281,
        "fair_value": 39887.404472,
        "relative_strength": 7.315688,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 42.625422,
        "energy": 56.528157,
        "activity_lines": [
          45217.892448,
          44180.388707,
          43000.519048,
          43325.853932
        ]
      },
      {
        "date": "2025-05-23",
        "close": 46828.101563,
        "volume": 93818,
        "typical_volume": 126873.9,
        "trend": 43820.520443,
        "fair_value": 39917.111929,
        "relative_strength": 7.269865,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 38.162024,
        "energy": 60.383443,
        "activity_lines": [
          45903.316406,
          44845.186435,
          43362.854836,
          43530.538659
        ]
      },
      {
        "date": "2025-05-30",
        "close": 45728.757813,
        "volume": 102275,
        "typical_volume": 124940.85,
        "trend": 43937.196094,
        "fair_value": 39951.589268,
        "relative_strength": 4.833628,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 26.741721,
        "energy": 53.505162,
        "activity_lines": [
          46036.314063,
          45174.488139,
          43620.848493,
          43653.650748
        ]
      },
      {
        "date": "2025-06-06",
        "close": 45452.6875,
        "volume": 106901,
        "typical_volume": 120613.6,
        "trend": 43895.370313,
        "fair_value": 39990.919847,
        "relative_strength": 2.893563,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 33.818931,
        "energy": 49.585332,
        "activity_lines": [
          45948.236459,
          45374.181889,
          43852.571708,
          43751.424387
        ]
      },
      {
        "date": "2025-06-13",
        "close": 45516.777344,
        "volume": 104693,
        "typical_volume": 119459.8,
        "trend": 43932.773177,
        "fair_value": 40039.657427,
        "relative_strength": 3.934486,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 29.472714,
        "energy": 30.158375,
        "activity_lines": [
          45813.092188,
          45521.234446,
          44088.716406,
          43856.031292
        ]
      },
      {
        "date": "2025-06-20",
        "close": 44294.1875,
        "volume": 130408,
        "typical_volume": 119192.75,
        "trend": 43949.37461,
        "fair_value": 40079.606971,
        "relative_strength": -0.58123,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 13.472048,
        "energy": 14.659212,
        "activity_lines": [
          45212.115104,
          45373.684943,
          44207.8234,
          43879.348345
        ]
      },
      {
        "date": "2025-06-27",
        "close": 48745.789063,
        "volume": 226445,
        "typical_volume": 112408.1,
        "trend": 44118.294011,
        "fair_value": 40139.869441,
        "relative_strength": 6.787964,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 74.1727,
        "energy": 42.621979,
        "activity_lines": [
          46272.677344,
          46024.198225,
          44748.325633,
          44188.794439
        ]
      },
      {
        "date": "2025-07-04",
        "close": 48026.039063,
        "volume": 146206,
        "typical_volume": 112010.15,
        "trend": 44215.548568,
        "fair_value": 40182.108474,
        "relative_strength": 5.575298,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.781699,
        "energy": 45.226337,
        "activity_lines": [
          46965.477084,
          46458.259446,
          45188.406678,
          44440.907023
        ]
      },
      {
        "date": "2025-07-11",
        "close": 47256.992188,
        "volume": 68707,
        "typical_volume": 109315.0,
        "trend": 44201.220443,
        "fair_value": 40214.585061,
        "relative_strength": 4.817989,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.425337,
        "energy": 56.452654,
        "activity_lines": [
          47248.775782,
          46675.529262,
          45518.553144,
          44637.129192
        ]
      },
      {
        "date": "2025-07-18",
        "close": 46083.699219,
        "volume": 96275,
        "typical_volume": 106599.25,
        "trend": 44144.061589,
        "fair_value": 40233.603741,
        "relative_strength": 2.681999,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.298972,
        "energy": 54.351499,
        "activity_lines": [
          47020.689844,
          46628.00483,
          45704.226507,
          44758.579436
        ]
      },
      {
        "date": "2025-07-25",
        "close": 45620.296875,
        "volume": 79103,
        "typical_volume": 105067.5,
        "trend": 44134.161458,
        "fair_value": 40228.131085,
        "relative_strength": 1.94181,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 52.242087,
        "energy": 33.213697,
        "activity_lines": [
          46600.341667,
          46470.016975,
          45815.740923,
          44853.820422
        ]
      },
      {
        "date": "2025-08-01",
        "close": 46152.722656,
        "volume": 148405,
        "typical_volume": 110238.45,
        "trend": 44109.147917,
        "fair_value": 40230.10299,
        "relative_strength": 4.042909,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 38.181192,
        "energy": 20.621745,
        "activity_lines": [
          46269.061458,
          46433.178764,
          45948.04561,
          44984.050177
        ]
      },
      {
        "date": "2025-08-08",
        "close": 44235.035156,
        "volume": 123722,
        "typical_volume": 112299.05,
        "trend": 44059.203386,
        "fair_value": 40214.139098,
        "relative_strength": 0.309622,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 20.903412,
        "energy": 16.412013,
        "activity_lines": [
          45471.423177,
          46059.949716,
          45865.411179,
          44992.171934
        ]
      },
      {
        "date": "2025-08-15",
        "close": 43050.480469,
        "volume": 106131,
        "typical_volume": 112370.3,
        "trend": 43990.90599,
        "fair_value": 40184.758564,
        "relative_strength": -3.566076,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": -4.700464,
        "energy": 16.50405,
        "activity_lines": [
          44531.666927,
          45498.505682,
          45656.276246,
          44927.093036
        ]
      },
      {
        "date": "2025-08-22",
        "close": 45167.636719,
        "volume": 105853,
        "typical_volume": 114537.55,
        "trend": 43983.472005,
        "fair_value": 40169.525341,
        "relative_strength": 0.004433,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 8.341363,
        "energy": 15.978371,
        "activity_lines": [
          44578.063542,
          45365.675639,
          45643.375447,
          45003.011148
        ]
      },
      {
        "date": "2025-08-29",
        "close": 43861.726563,
        "volume": 150128,
        "typical_volume": 115760.65,
        "trend": 43987.024349,
        "fair_value": 40146.053035,
        "relative_strength": -1.287988,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 1.032391,
        "energy": 15.308197,
        "activity_lines": [
          44250.227604,
          45001.755398,
          45488.825707,
          44995.156603
        ]
      },
      {
        "date": "2025-09-05",
        "close": 43812.261719,
        "volume": 64317,
        "typical_volume": 115023.8,
        "trend": 44045.688412,
        "fair_value": 40128.086839,
        "relative_strength": -2.847104,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -17.250844,
        "energy": 22.440182,
        "activity_lines": [
          44023.141407,
          44636.704475,
          45328.659784,
          44983.881595
        ]
      },
      {
        "date": "2025-09-12",
        "close": 43658.914063,
        "volume": 45552,
        "typical_volume": 112315.6,
        "trend": 44156.961719,
        "fair_value": 40110.045398,
        "relative_strength": -4.699873,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -18.482574,
        "energy": 18.305209,
        "activity_lines": [
          43900.970052,
          44333.472656,
          45154.966295,
          44958.928411
        ]
      },
      {
        "date": "2025-09-19",
        "close": 43104.894531,
        "volume": 126135,
        "typical_volume": 113869.5,
        "trend": 44247.67487,
        "fair_value": 40062.422701,
        "relative_strength": -6.777031,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -23.062501,
        "energy": 24.961723,
        "activity_lines": [
          43632.533594,
          44008.912287,
          44929.147452,
          44891.053108
        ]
      },
      {
        "date": "2025-09-26",
        "close": 40799.769531,
        "volume": 105871,
        "typical_volume": 114399.7,
        "trend": 44281.721615,
        "fair_value": 40014.744016,
        "relative_strength": -9.444288,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -49.046926,
        "energy": 53.228764,
        "activity_lines": [
          42592.094531,
          43340.730966,
          44490.085008,
          44668.607603
        ]
      },
      {
        "date": "2025-10-03",
        "close": 42417.3125,
        "volume": 152631,
        "typical_volume": 114178.8,
        "trend": 44384.374089,
        "fair_value": 39960.42483,
        "relative_strength": -6.852147,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -32.608909,
        "energy": 48.455908,
        "activity_lines": [
          42382.027604,
          43062.719815,
          44223.371726,
          44548.323144
        ]
      },
      {
        "date": "2025-10-10",
        "close": 41195.5,
        "volume": 84688,
        "typical_volume": 113722.3,
        "trend": 44445.248828,
        "fair_value": 39914.744867,
        "relative_strength": -10.80402,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -68.053465,
        "energy": 66.073221,
        "activity_lines": [
          41860.984115,
          42620.797017,
          43861.923717,
          44342.589331
        ]
      },
      {
        "date": "2025-10-17",
        "close": 40601.902344,
        "volume": 95096,
        "typical_volume": 113363.35,
        "trend": 44419.944792,
        "fair_value": 39851.586939,
        "relative_strength": -13.353941,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.661627,
        "energy": 72.255773,
        "activity_lines": [
          41316.525521,
          42161.078693,
          43470.764509,
          44094.631494
        ]
      },
      {
        "date": "2025-10-24",
        "close": 40587.0625,
        "volume": 58891,
        "typical_volume": 110962.85,
        "trend": 44375.629427,
        "fair_value": 39811.340395,
        "relative_strength": -13.527513,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.552185,
        "energy": 65.591582,
        "activity_lines": [
          40970.921094,
          41764.719176,
          43102.60558,
          43847.348765
        ]
      },
      {
        "date": "2025-10-31",
        "close": 40760.191406,
        "volume": 83335,
        "typical_volume": 109894.95,
        "trend": 44349.650391,
        "fair_value": 39769.65595,
        "relative_strength": -12.771112,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.018767,
        "energy": 65.953628,
        "activity_lines": [
          40850.881771,
          41444.62706,
          42774.104762,
          43614.094699
        ]
      },
      {
        "date": "2025-11-07",
        "close": 39315.777344,
        "volume": 71516,
        "typical_volume": 106950.35,
        "trend": 44204.455469,
        "fair_value": 39731.41584,
        "relative_strength": -14.750073,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.324269,
        "energy": 74.491061,
        "activity_lines": [
          40252.009635,
          40942.049574,
          42330.691109,
          43289.328696
        ]
      },
      {
        "date": "2025-11-14",
        "close": 39340.511719,
        "volume": 127269,
        "typical_volume": 101991.55,
        "trend": 44047.858333,
        "fair_value": 39701.582157,
        "relative_strength": -15.742049,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.530161,
        "energy": 68.317126,
        "activity_lines": [
          39868.151302,
          40526.622869,
          41913.339825,
          42975.525874
        ]
      },
      {
        "date": "2025-11-21",
        "close": 38592.796875,
        "volume": 105304,
        "typical_volume": 99946.45,
        "trend": 43874.51888,
        "fair_value": 39660.26893,
        "relative_strength": -17.535475,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.517252,
        "energy": 74.571433,
        "activity_lines": [
          39358.720573,
          40056.552557,
          41469.564639,
          42623.586425
        ]
      },
      {
        "date": "2025-11-28",
        "close": 38032.042969,
        "volume": 178974,
        "typical_volume": 105459.8,
        "trend": 43661.379037,
        "fair_value": 39613.492238,
        "relative_strength": -18.839996,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.955742,
        "energy": 84.174544,
        "activity_lines": [
          38796.31224,
          39576.63821,
          41017.30452,
          42246.652495
        ]
      },
      {
        "date": "2025-12-05",
        "close": 37173.542969,
        "volume": 190866,
        "typical_volume": 110189.35,
        "trend": 43412.422656,
        "fair_value": 39568.199995,
        "relative_strength": -20.271974,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.470413,
        "energy": 86.195273,
        "activity_lines": [
          38118.071875,
          39032.866619,
          40527.210826,
          41828.082426
        ]
      },
      {
        "date": "2025-12-12",
        "close": 36652.488281,
        "volume": 261556,
        "typical_volume": 119312.0,
        "trend": 43068.863281,
        "fair_value": 39540.520433,
        "relative_strength": -20.523716,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -79.511202,
        "energy": 87.668758,
        "activity_lines": [
          37505.25651,
          38460.289205,
          40029.922191,
          41391.957628
        ]
      },
      {
        "date": "2025-12-19",
        "close": 35476.394531,
        "volume": 116458,
        "typical_volume": 117714.65,
        "trend": 42690.473047,
        "fair_value": 39504.914313,
        "relative_strength": -22.277984,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -84.459593,
        "energy": 91.290333,
        "activity_lines": [
          36677.9625,
          37778.691548,
          39463.328478,
          40902.120934
        ]
      },
      {
        "date": "2025-12-26",
        "close": 36195.945313,
        "volume": 97121,
        "typical_volume": 116384.6,
        "trend": 42372.71263,
        "fair_value": 39475.110402,
        "relative_strength": -20.4643,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.325117,
        "energy": 85.897931,
        "activity_lines": [
          36348.126563,
          37331.905043,
          39016.103069,
          40483.119145
        ]
      },
      {
        "date": "2026-01-02",
        "close": 35506.167969,
        "volume": 145454,
        "typical_volume": 118350.75,
        "trend": 42041.161979,
        "fair_value": 39447.770608,
        "relative_strength": -22.310719,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.366216,
        "energy": 87.882441,
        "activity_lines": [
          35948.154948,
          36839.812784,
          38541.46596,
          40040.116264
        ]
      },
      {
        "date": "2026-01-09",
        "close": 34022.402344,
        "volume": 79649,
        "typical_volume": 117040.55,
        "trend": 41658.016146,
        "fair_value": 39419.842824,
        "relative_strength": -23.153143,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -86.737619,
        "energy": 92.212639,
        "activity_lines": [
          35221.986459,
          36170.324858,
          37961.443136,
          39522.776932
        ]
      },
      {
        "date": "2026-01-16",
        "close": 34106.765625,
        "volume": 88470,
        "typical_volume": 113957.65,
        "trend": 41318.435417,
        "fair_value": 39392.547151,
        "relative_strength": -22.462641,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -79.587235,
        "energy": 87.820423,
        "activity_lines": [
          34734.015104,
          35638.680966,
          37442.527455,
          39035.599479
        ]
      },
      {
        "date": "2026-01-23",
        "close": 32632.923828,
        "volume": 159539,
        "typical_volume": 118718.75,
        "trend": 40781.339909,
        "fair_value": 39358.025954,
        "relative_strength": -23.329982,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -87.205936,
        "energy": 86.608716,
        "activity_lines": [
          33924.477995,
          34933.775142,
          36829.698084,
          38475.243893
        ]
      },
      {
        "date": "2026-01-30",
        "close": 32747.060547,
        "volume": 88669,
        "typical_volume": 120874.6,
        "trend": 40272.040625,
        "fair_value": 39324.578676,
        "relative_strength": -23.395905,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -78.523914,
        "energy": 79.290983,
        "activity_lines": [
          33342.551172,
          34371.577592,
          36280.973819,
          37956.903289
        ]
      },
      {
        "date": "2026-02-06",
        "close": 35292.78125,
        "volume": 179699,
        "typical_volume": 123552.8,
        "trend": 39873.233594,
        "fair_value": 39313.743014,
        "relative_strength": -18.256491,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.522529,
        "energy": 64.653251,
        "activity_lines": [
          33839.123568,
          34378.524467,
          36026.660352,
          37635.660749
        ]
      },
      {
        "date": "2026-02-13",
        "close": 33398.699219,
        "volume": 141855,
        "typical_volume": 125352.0,
        "trend": 39450.40026,
        "fair_value": 39289.835312,
        "relative_strength": -21.565976,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.544528,
        "energy": 63.685093,
        "activity_lines": [
          33718.561068,
          34090.89755,
          35629.158659,
          37217.948853
        ]
      },
      {
        "date": "2026-02-20",
        "close": 32611.791016,
        "volume": 51628,
        "typical_volume": 120301.85,
        "trend": 39016.783399,
        "fair_value": 39265.8671,
        "relative_strength": -23.275986,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.037773,
        "energy": 63.832333,
        "activity_lines": [
          33377.276042,
          33728.829936,
          35191.95652,
          36776.748257
        ]
      },
      {
        "date": "2026-02-27",
        "close": 31984.257813,
        "volume": 146623,
        "typical_volume": 123398.6,
        "trend": 38544.501237,
        "fair_value": 39242.575558,
        "relative_strength": -23.109692,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.195215,
        "energy": 62.335007,
        "activity_lines": [
          32926.478256,
          33326.1326,
          34741.682273,
          36323.036929
        ]
      },
      {
        "date": "2026-03-06",
        "close": 31471.275391,
        "volume": 100719,
        "typical_volume": 123679.75,
        "trend": 38119.042578,
        "fair_value": 39217.63111,
        "relative_strength": -21.672841,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -78.162129,
        "energy": 66.873898,
        "activity_lines": [
          32347.93073,
          32893.659127,
          34286.415616,
          35866.699778
        ]
      },
      {
        "date": "2026-03-13",
        "close": 30166.404297,
        "volume": 92038,
        "typical_volume": 125337.1,
        "trend": 37689.573373,
        "fair_value": 39183.131122,
        "relative_strength": -20.282404,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -82.538992,
        "energy": 77.492939,
        "activity_lines": [
          31419.478516,
          32309.839453,
          33750.354697,
          35353.62634
        ]
      },
      {
        "date": "2026-03-20",
        "close": 31879.669922,
        "volume": 84491,
        "typical_volume": 125394.9,
        "trend": 37246.641146,
        "fair_value": 39160.27787,
        "relative_strength": -15.230476,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.817244,
        "energy": 61.273926,
        "activity_lines": [
          31403.873308,
          32134.609233,
          33427.084115,
          34978.793859
        ]
      },
      {
        "date": "2026-03-27",
        "close": 31680.453125,
        "volume": 99198,
        "typical_volume": 126779.0,
        "trend": 36840.598698,
        "fair_value": 39131.323317,
        "relative_strength": -14.272418,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.059906,
        "energy": 55.870407,
        "activity_lines": [
          31423.13112,
          31962.116548,
          33127.128702,
          34619.684955
        ]
      },
      {
        "date": "2026-04-03",
        "close": 33812.074219,
        "volume": 137245,
        "typical_volume": 127277.8,
        "trend": 36507.259115,
        "fair_value": 39124.852314,
        "relative_strength": -7.719132,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.265331,
        "energy": 41.286259,
        "activity_lines": [
          32215.01849,
          32221.306108,
          33066.543508,
          34424.296279
        ]
      },
      {
        "date": "2026-04-10",
        "close": 35913.808594,
        "volume": 147704,
        "typical_volume": 129397.8,
        "trend": 36249.088932,
        "fair_value": 39124.279798,
        "relative_strength": -6.968399,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -15.303738,
        "energy": 16.187888,
        "activity_lines": [
          33585.629557,
          32841.190093,
          33232.449386,
          34386.009148
        ]
      },
      {
        "date": "2026-04-17",
        "close": 37826.292969,
        "volume": 168315,
        "typical_volume": 128864.85,
        "trend": 36073.135547,
        "fair_value": 39121.551282,
        "relative_strength": -2.892145,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 15.969407,
        "energy": 27.344302,
        "activity_lines": [
          35297.566537,
          33751.221272,
          33593.25372,
          34487.764247
        ]
      },
      {
        "date": "2026-04-24",
        "close": 37517.503906,
        "volume": 155147,
        "typical_volume": 127078.9,
        "trend": 35963.726693,
        "fair_value": 39115.214944,
        "relative_strength": -1.550605,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 34.799301,
        "energy": 43.101863,
        "activity_lines": [
          36395.914583,
          34559.045135,
          33925.629334,
          34580.949303
        ]
      },
      {
        "date": "2026-05-01",
        "close": 36640.953125,
        "volume": 75145,
        "typical_volume": 117758.35,
        "trend": 35771.18138,
        "fair_value": 39098.379457,
        "relative_strength": -3.904624,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 24.303893,
        "energy": 44.972184,
        "activity_lines": [
          36826.223438,
          35132.608771,
          34172.886012,
          34624.641331
        ]
      },
      {
        "date": "2026-05-08",
        "close": 37218.679688,
        "volume": 66029,
        "typical_volume": 115236.9,
        "trend": 35638.620703,
        "fair_value": 39078.289413,
        "relative_strength": -2.73385,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 28.29705,
        "energy": 59.839585,
        "activity_lines": [
          37118.407813,
          35737.956108,
          34475.219197,
          34718.028318
        ]
      },
      {
        "date": "2026-05-15",
        "close": 36675.8125,
        "volume": 70469,
        "typical_volume": 113904.3,
        "trend": 35507.751042,
        "fair_value": 39058.267578,
        "relative_strength": -1.603906,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 25.087043,
        "energy": 49.389265,
        "activity_lines": [
          37002.529427,
          36149.429013,
          34717.554148,
          34784.943918
        ]
      },
      {
        "date": "2026-05-22",
        "close": 39300.496094,
        "volume": 309899,
        "typical_volume": 122126.55,
        "trend": 35464.865495,
        "fair_value": 39080.620368,
        "relative_strength": 5.393018,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 49.605206,
        "energy": 46.040074,
        "activity_lines": [
          37710.745313,
          36943.489169,
          35207.573884,
          35029.637147
        ]
      },
      {
        "date": "2026-05-29",
        "close": 38195.0,
        "volume": 144645,
        "typical_volume": 125376.35,
        "trend": 35379.359115,
        "fair_value": 39088.991837,
        "relative_strength": 3.460048,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 36.395844,
        "energy": 39.253149,
        "activity_lines": [
          37952.182292,
          37370.475639,
          35574.240049,
          35205.774857
        ]
      },
      {
        "date": "2026-06-05",
        "close": 38345.0,
        "volume": 18046,
        "typical_volume": 121855.15,
        "trend": 35346.99987,
        "fair_value": 39099.582657,
        "relative_strength": 4.898728,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 62.471292,
        "energy": 48.318344,
        "activity_lines": [
          38198.452865,
          37709.910654,
          35935.322415,
          35397.106527
        ]
      },
      {
        "date": "2026-06-12",
        "close": 38625.0,
        "volume": 13311,
        "typical_volume": 114543.75,
        "trend": 35323.149479,
        "fair_value": 39110.710236,
        "relative_strength": 4.784507,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.243157,
        "energy": 58.780386,
        "activity_lines": [
          38424.453646,
          37979.081179,
          36302.889379,
          35608.590407
        ]
      },
      {
        "date": "2026-06-19",
        "close": 39975.0,
        "volume": 84195,
        "typical_volume": 114320.05,
        "trend": 35369.222917,
        "fair_value": 39135.960086,
        "relative_strength": 6.815162,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.854589,
        "energy": 66.215374,
        "activity_lines": [
          39006.69974,
          38406.198509,
          36770.494076,
          35908.709795
        ]
      },
      {
        "date": "2026-06-26",
        "close": 40950.0,
        "volume": 0,
        "typical_volume": 105335.1,
        "trend": 35466.488151,
        "fair_value": 39167.639573,
        "relative_strength": 9.494202,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.095947,
        "energy": 77.99011,
        "activity_lines": [
          39694.0,
          38936.748722,
          37296.537156,
          36268.75993
        ]
      },
      {
        "date": "2026-07-03",
        "close": 42800.0,
        "volume": 26184,
        "typical_volume": 99551.55,
        "trend": 35654.036719,
        "fair_value": 39217.838567,
        "relative_strength": 13.600373,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 87.647313,
        "energy": 90.071342,
        "activity_lines": [
          40888.0,
          39746.867898,
          37971.831576,
          36741.889726
        ]
      },
      {
        "date": "2026-07-10",
        "close": 39395.0,
        "volume": 254006,
        "typical_volume": 109670.45,
        "trend": 35745.453776,
        "fair_value": 39245.515024,
        "relative_strength": 5.166788,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.47639,
        "energy": 75.354103,
        "activity_lines": [
          40640.0,
          39841.850781,
          38278.072182,
          36983.242196
        ]
      },
      {
        "date": "2026-07-17",
        "close": 39900.0,
        "volume": 138911,
        "typical_volume": 109284.85,
        "trend": 35892.907292,
        "fair_value": 39276.459961,
        "relative_strength": 6.229232,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.218244,
        "energy": 63.806839,
        "activity_lines": [
          40490.333333,
          39978.578267,
          38600.107031,
          37251.277436
        ]
      },
      {
        "date": "2026-07-24",
        "close": 40275.0,
        "volume": 135250,
        "typical_volume": 111011.4,
        "trend": 36028.875781,
        "fair_value": 39305.869516,
        "relative_strength": 9.979905,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.05948,
        "energy": 50.320802,
        "activity_lines": [
          40380.666667,
          40134.736293,
          38920.162156,
          37533.993095
        ]
      },
      {
        "date": "2026-07-31",
        "close": 40375.0,
        "volume": 104818,
        "typical_volume": 111650.4,
        "trend": 36191.170182,
        "fair_value": 39326.118815,
        "relative_strength": 7.766867,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.908409,
        "energy": 39.933847,
        "activity_lines": [
          40284.333333,
          40243.636364,
          39207.818592,
          37814.388206
        ]
      },
      {
        "date": "2026-08-07",
        "close": 39900.0,
        "volume": 61578,
        "typical_volume": 110504.75,
        "trend": 36387.090104,
        "fair_value": 39331.093475,
        "relative_strength": 5.942531,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 44.001721,
        "energy": 33.54625,
        "activity_lines": [
          40068.0,
          40246.636364,
          39401.624572,
          38053.667549
        ]
      }
    ],
    "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."
    }
  }
}