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    "country": "MX",
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        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
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        "fair_value": 709.320874,
        "relative_strength": -19.649998,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -49.965639,
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      },
      {
        "date": "2026-08-07",
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        "relative_strength": -22.916011,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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    "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."
    }
  }
}