{
  "ticker": {
    "uuid": "60e8fe4d-fd1a-475b-a6ce-c7ba087656c2",
    "symbol": "LGCF",
    "name": "THEMES US CASH FLOW CHAMPIONS ETF",
    "exchange": "NASDAQ",
    "country": "US",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "QQQ",
    "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": 92.888,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 87.439,
    "architecture_energy": 94.807,
    "architecture_maturity": 34.266,
    "architecture_confidence": 66.475,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 0.0,
        "rotation_up": 87.73,
        "upward_expansion": 99.92,
        "deceleration": 39.02,
        "rotation_down": 8.74,
        "downward_expansion": 21.92
      },
      "activity_lines": [
        37.48334,
        36.971782,
        36.262925,
        35.752432
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 37.942,
    "trend_reference": 35.18608,
    "distance_from_trend": 0.078324,
    "trend_direction": "Improving",
    "fair_value": 30.801391,
    "distance_from_fair_value": 0.231827,
    "fair_value_direction": "Improving",
    "relative_strength": -3.312176,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.074528,
    "excess_performance": -0.112926,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.078324,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.027292,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.231827,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.084895,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.033122,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.092856,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.074528,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 22.097691,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 419,
      "relative_activity": 0.153716,
      "balance": 22.097691,
      "dry_up": 0.149773,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.014718,
      "annualized_volatility": 0.109956,
      "from_high_reference": -0.000869,
      "from_low_reference": 0.216734
    },
    "levels": {
      "trend_reference": 35.18608,
      "fair_value_reference": 30.801391,
      "structural_low": 33.3759,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 12,
        "median_return": 0.019294,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.003478,
        "regime_survival": 0.833333,
        "best_return": 0.044951,
        "worst_return": -0.029718,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.049712,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.015039,
        "regime_survival": 0.75,
        "best_return": 0.094079,
        "worst_return": -0.016379,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.076597,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.069746,
        "regime_survival": 1.0,
        "best_return": 0.10049,
        "worst_return": 0.052704,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.15849,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.155447,
        "regime_survival": 1.0,
        "best_return": 0.15849,
        "worst_return": 0.15849,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-20",
        "end": "2025-07-04",
        "tenure": "New",
        "return": 0.041912,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-11",
        "end": "2025-10-24",
        "tenure": "Established",
        "return": 0.040553,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-31",
        "end": "2025-11-14",
        "tenure": "New",
        "return": 0.010148,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-11-21",
        "end": "2026-03-13",
        "tenure": "Established",
        "return": 0.032706,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-20",
        "end": "2026-05-01",
        "tenure": "Developing",
        "return": 0.047935,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-08",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": 0.094079,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-12-15",
        "close": 24.682886,
        "volume": 719,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-22",
        "close": 24.96926,
        "volume": 938,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-29",
        "close": 25.030009,
        "volume": 806,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-05",
        "close": 25.270287,
        "volume": 2777,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-12",
        "close": 25.119968,
        "volume": 2976,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-19",
        "close": 25.059219,
        "volume": 960,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-26",
        "close": 25.522308,
        "volume": 5967,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-02",
        "close": 25.488634,
        "volume": 106279,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-09",
        "close": 25.622553,
        "volume": 8568,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-16",
        "close": 25.940466,
        "volume": 6749,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-23",
        "close": 26.308356,
        "volume": 1103,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-01",
        "close": 26.414618,
        "volume": 5720,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-08",
        "close": 26.725641,
        "volume": 4249,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-15",
        "close": 27.042972,
        "volume": 1448,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-22",
        "close": 27.5179,
        "volume": 1198,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-29",
        "close": 28.006609,
        "volume": 680,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-05",
        "close": 27.880453,
        "volume": 1145,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-12",
        "close": 26.965434,
        "volume": 632,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-19",
        "close": 26.861501,
        "volume": 975,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-26",
        "close": 27.011918,
        "volume": 1179,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-03",
        "close": 26.672268,
        "volume": 1004,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-10",
        "close": 27.259378,
        "volume": 1901,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-17",
        "close": 27.618437,
        "volume": 1397,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-24",
        "close": 26.94457,
        "volume": 4249,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-31",
        "close": 27.172039,
        "volume": 4745,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-07",
        "close": 26.968152,
        "volume": 6605,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-14",
        "close": 26.794542,
        "volume": 2734,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-21",
        "close": 27.263939,
        "volume": 2521,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-28",
        "close": 27.309161,
        "volume": 683,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-05",
        "close": 27.185722,
        "volume": 3625,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-12",
        "close": 27.709172,
        "volume": 5419,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-19",
        "close": 28.119082,
        "volume": 849,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-26",
        "close": 28.614971,
        "volume": 1386,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-02",
        "close": 27.608441,
        "volume": 8217,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-09",
        "close": 27.773706,
        "volume": 1728,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-16",
        "close": 28.511232,
        "volume": 22729,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-23",
        "close": 28.918813,
        "volume": 22709,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-30",
        "close": 29.384522,
        "volume": 1644,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-06",
        "close": 28.05513,
        "volume": 696,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-13",
        "close": 28.564606,
        "volume": 755,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-20",
        "close": 29.190533,
        "volume": 1210,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-27",
        "close": 29.170348,
        "volume": 904,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-04",
        "close": 29.829658,
        "volume": 1446,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-11",
        "close": 30.14301,
        "volume": 1940,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-18",
        "close": 30.121564,
        "volume": 617,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-25",
        "close": 29.446242,
        "volume": 1362,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-01",
        "close": 29.321541,
        "volume": 35518,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-08",
        "close": 30.599209,
        "volume": 2678,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-15",
        "close": 30.27004,
        "volume": 517,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-22",
        "close": 30.950893,
        "volume": 5539,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-29",
        "close": 31.115866,
        "volume": 1374,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-06",
        "close": 30.449278,
        "volume": 936,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-13",
        "close": 29.99599,
        "volume": 682,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-20",
        "close": 29.211009,
        "volume": 2202,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-27",
        "close": 29.620484,
        "volume": 1017,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-03",
        "close": 29.780918,
        "volume": 764,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-10",
        "close": 29.383564,
        "volume": 729,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-17",
        "close": 30.799585,
        "volume": 1323,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-24",
        "close": 30.749707,
        "volume": 1155,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-31",
        "close": 30.748823,
        "volume": 2662,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-07",
        "close": 30.922316,
        "volume": 6387,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-14",
        "close": 31.193208,
        "volume": 3727,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-21",
        "close": 31.129584,
        "volume": 2080,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-28",
        "close": 31.356783,
        "volume": 2878,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-07",
        "close": 30.358735,
        "volume": 12258,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-14",
        "close": 30.092654,
        "volume": 5826,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-21",
        "close": 30.473808,
        "volume": 644,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-28",
        "close": 30.161187,
        "volume": 3705,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-04",
        "close": 26.968513,
        "volume": 1831,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-11",
        "close": 27.559487,
        "volume": 8860,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-18",
        "close": 27.860031,
        "volume": 3236,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-25",
        "close": 28.811932,
        "volume": 2070,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-02",
        "close": 29.641986,
        "volume": 1223,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-09",
        "close": 29.533983,
        "volume": 3692,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-16",
        "close": 30.731837,
        "volume": 2680,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-23",
        "close": 29.777579,
        "volume": 587,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-30",
        "close": 30.085389,
        "volume": 49,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-06-06",
        "close": 30.559228,
        "volume": 2089,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-06-13",
        "close": 30.423341,
        "volume": 463,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-06-20",
        "close": 30.564138,
        "volume": 108,
        "typical_volume": 3219.65,
        "trend": 30.002031,
        "fair_value": 28.462411,
        "relative_strength": -3.196986,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 22.40637,
        "energy": 27.901169,
        "activity_lines": [
          30.40934,
          30.17079,
          29.793713,
          29.893954
        ]
      },
      {
        "date": "2025-06-27",
        "close": 30.982012,
        "volume": 357,
        "typical_volume": 2918.15,
        "trend": 29.99757,
        "fair_value": 28.493517,
        "relative_strength": -5.760618,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 29.400478,
        "energy": 39.93505,
        "activity_lines": [
          30.642699,
          30.385893,
          29.895782,
          29.957178
        ]
      },
      {
        "date": "2025-07-04",
        "close": 31.845155,
        "volume": 551,
        "typical_volume": 2759.35,
        "trend": 30.044099,
        "fair_value": 28.534391,
        "relative_strength": -4.616879,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 83.802818,
        "energy": 76.70957,
        "activity_lines": [
          31.083476,
          30.701168,
          30.079771,
          30.076377
        ]
      },
      {
        "date": "2025-07-11",
        "close": 31.63445,
        "volume": 54,
        "typical_volume": 2658.05,
        "trend": 30.098714,
        "fair_value": 28.571741,
        "relative_strength": -4.92609,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.518589,
        "energy": 83.005863,
        "activity_lines": [
          31.336702,
          30.922984,
          30.240588,
          30.178981
        ]
      },
      {
        "date": "2025-07-18",
        "close": 31.290607,
        "volume": 2496,
        "typical_volume": 2638.95,
        "trend": 30.168034,
        "fair_value": 28.604108,
        "relative_strength": -7.030794,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.805233,
        "energy": 78.057546,
        "activity_lines": [
          31.403631,
          31.046055,
          30.366255,
          30.255877
        ]
      },
      {
        "date": "2025-07-25",
        "close": 31.666164,
        "volume": 383,
        "typical_volume": 2045.2,
        "trend": 30.236223,
        "fair_value": 28.640132,
        "relative_strength": -6.576831,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.399667,
        "energy": 83.076634,
        "activity_lines": [
          31.537928,
          31.205472,
          30.528003,
          30.352531
        ]
      },
      {
        "date": "2025-08-01",
        "close": 30.778082,
        "volume": 21,
        "typical_volume": 1754.95,
        "trend": 30.269462,
        "fair_value": 28.664992,
        "relative_strength": -6.960994,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.924656,
        "energy": 61.271308,
        "activity_lines": [
          31.302729,
          31.186431,
          30.598947,
          30.387489
        ]
      },
      {
        "date": "2025-08-08",
        "close": 31.221485,
        "volume": 3718,
        "typical_volume": 1908.65,
        "trend": 30.330726,
        "fair_value": 28.694377,
        "relative_strength": -8.790874,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 48.523051,
        "energy": 39.082957,
        "activity_lines": [
          31.228927,
          31.229818,
          30.708856,
          30.44891
        ]
      },
      {
        "date": "2025-08-15",
        "close": 31.815994,
        "volume": 565,
        "typical_volume": 1751.65,
        "trend": 30.364607,
        "fair_value": 28.72985,
        "relative_strength": -7.346345,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.010959,
        "energy": 52.481,
        "activity_lines": [
          31.394873,
          31.360641,
          30.871824,
          30.544734
        ]
      },
      {
        "date": "2025-08-22",
        "close": 32.543543,
        "volume": 488,
        "typical_volume": 1684.5,
        "trend": 30.424401,
        "fair_value": 28.772701,
        "relative_strength": -4.223659,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.479376,
        "energy": 68.475995,
        "activity_lines": [
          31.791232,
          31.600896,
          31.096202,
          30.68531
        ]
      },
      {
        "date": "2025-08-29",
        "close": 32.814238,
        "volume": 316,
        "typical_volume": 1257.3,
        "trend": 30.493248,
        "fair_value": 28.817607,
        "relative_strength": -3.019504,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 87.355019,
        "energy": 92.476235,
        "activity_lines": [
          32.194293,
          31.851819,
          31.319813,
          30.839493
        ]
      },
      {
        "date": "2025-09-05",
        "close": 32.347468,
        "volume": 404,
        "typical_volume": 1115.7,
        "trend": 30.540753,
        "fair_value": 28.856396,
        "relative_strength": -5.131571,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.939537,
        "energy": 86.0168,
        "activity_lines": [
          32.365226,
          31.976963,
          31.473947,
          30.95912
        ]
      },
      {
        "date": "2025-09-12",
        "close": 32.813944,
        "volume": 6762,
        "typical_volume": 1350.3,
        "trend": 30.594778,
        "fair_value": 28.899413,
        "relative_strength": -5.36413,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.408461,
        "energy": 89.456299,
        "activity_lines": [
          32.587026,
          32.162095,
          31.651139,
          31.105778
        ]
      },
      {
        "date": "2025-09-19",
        "close": 33.113996,
        "volume": 30331,
        "typical_volume": 2805.7,
        "trend": 30.660925,
        "fair_value": 28.944731,
        "relative_strength": -6.350369,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.407457,
        "energy": 88.016689,
        "activity_lines": [
          32.802679,
          32.384168,
          31.83785,
          31.268308
        ]
      },
      {
        "date": "2025-09-26",
        "close": 33.377917,
        "volume": 12284,
        "typical_volume": 3235.3,
        "trend": 30.728296,
        "fair_value": 28.991893,
        "relative_strength": -5.046733,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.121348,
        "energy": 81.383522,
        "activity_lines": [
          33.019772,
          32.627325,
          32.033163,
          31.443598
        ]
      },
      {
        "date": "2025-10-03",
        "close": 33.176049,
        "volume": 7462,
        "typical_volume": 3474.4,
        "trend": 30.822207,
        "fair_value": 29.035936,
        "relative_strength": -6.550006,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.330735,
        "energy": 77.028255,
        "activity_lines": [
          33.11395,
          32.795828,
          32.190946,
          31.601517
        ]
      },
      {
        "date": "2025-10-10",
        "close": 32.021396,
        "volume": 5558,
        "typical_volume": 3722.95,
        "trend": 30.886498,
        "fair_value": 29.067035,
        "relative_strength": -7.494587,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.481669,
        "energy": 57.347885,
        "activity_lines": [
          32.799124,
          32.726941,
          32.227123,
          31.678884
        ]
      },
      {
        "date": "2025-10-17",
        "close": 32.22945,
        "volume": 2854,
        "typical_volume": 3863.2,
        "trend": 30.945019,
        "fair_value": 29.099637,
        "relative_strength": -8.883182,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 49.720284,
        "energy": 41.706122,
        "activity_lines": [
          32.575387,
          32.673277,
          32.272429,
          31.765526
        ]
      },
      {
        "date": "2025-10-24",
        "close": 32.917332,
        "volume": 1042,
        "typical_volume": 3810.85,
        "trend": 31.036891,
        "fair_value": 29.138593,
        "relative_strength": -8.732045,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 53.645541,
        "energy": 36.307386,
        "activity_lines": [
          32.619911,
          32.726356,
          32.373039,
          31.892772
        ]
      },
      {
        "date": "2025-10-31",
        "close": 32.731861,
        "volume": 7081,
        "typical_volume": 4141.75,
        "trend": 31.229002,
        "fair_value": 29.174889,
        "relative_strength": -10.725122,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 43.579404,
        "energy": 27.024986,
        "activity_lines": [
          32.615722,
          32.725688,
          32.444755,
          32.002125
        ]
      },
      {
        "date": "2025-11-07",
        "close": 32.850861,
        "volume": 565,
        "typical_volume": 4164.6,
        "trend": 31.405382,
        "fair_value": 29.211649,
        "relative_strength": -7.378057,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 50.434826,
        "energy": 34.95863,
        "activity_lines": [
          32.694269,
          32.743233,
          32.516812,
          32.106761
        ]
      },
      {
        "date": "2025-11-14",
        "close": 33.06402,
        "volume": 222,
        "typical_volume": 4157.85,
        "trend": 31.578848,
        "fair_value": 29.249791,
        "relative_strength": -6.426444,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 66.372963,
        "energy": 46.905222,
        "activity_lines": [
          32.865549,
          32.798868,
          32.598281,
          32.21377
        ]
      },
      {
        "date": "2025-11-21",
        "close": 32.576926,
        "volume": 884,
        "typical_volume": 4174.5,
        "trend": 31.704348,
        "fair_value": 29.28241,
        "relative_strength": -4.669773,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.855637,
        "energy": 37.276614,
        "activity_lines": [
          32.804956,
          32.752912,
          32.623445,
          32.278162
        ]
      },
      {
        "date": "2025-11-28",
        "close": 33.450672,
        "volume": 350,
        "typical_volume": 4189.3,
        "trend": 31.831304,
        "fair_value": 29.322878,
        "relative_strength": -6.497302,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.616239,
        "energy": 47.754834,
        "activity_lines": [
          33.012447,
          32.870129,
          32.728339,
          32.390829
        ]
      },
      {
        "date": "2025-12-05",
        "close": 33.860986,
        "volume": 2904,
        "typical_volume": 4209.7,
        "trend": 31.975537,
        "fair_value": 29.366514,
        "relative_strength": -6.167937,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.127148,
        "energy": 62.4521,
        "activity_lines": [
          33.321153,
          33.055826,
          32.863661,
          32.521776
        ]
      },
      {
        "date": "2025-12-12",
        "close": 34.218379,
        "volume": 5322,
        "typical_volume": 4456.65,
        "trend": 32.091755,
        "fair_value": 29.412722,
        "relative_strength": -3.31016,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.67694,
        "energy": 76.281741,
        "activity_lines": [
          33.673715,
          33.297722,
          33.020781,
          32.666475
        ]
      },
      {
        "date": "2025-12-19",
        "close": 34.0413,
        "volume": 382,
        "typical_volume": 4474.7,
        "trend": 32.233879,
        "fair_value": 29.456388,
        "relative_strength": -4.298865,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.595726,
        "energy": 80.08331,
        "activity_lines": [
          33.876083,
          33.488469,
          33.148883,
          32.792252
        ]
      },
      {
        "date": "2025-12-26",
        "close": 34.422,
        "volume": 334,
        "typical_volume": 4305.5,
        "trend": 32.378433,
        "fair_value": 29.502796,
        "relative_strength": -4.354944,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.192329,
        "energy": 83.982152,
        "activity_lines": [
          34.140199,
          33.711709,
          33.297703,
          32.933421
        ]
      },
      {
        "date": "2026-01-02",
        "close": 34.1984,
        "volume": 1538,
        "typical_volume": 4354.15,
        "trend": 32.499739,
        "fair_value": 29.546274,
        "relative_strength": -3.244546,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.768117,
        "energy": 75.882232,
        "activity_lines": [
          34.206776,
          33.85443,
          33.409987,
          33.050839
        ]
      },
      {
        "date": "2026-01-09",
        "close": 34.8134,
        "volume": 8737,
        "typical_volume": 4766.6,
        "trend": 32.646074,
        "fair_value": 29.594596,
        "relative_strength": -3.545276,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.295019,
        "energy": 82.015216,
        "activity_lines": [
          34.428505,
          34.085678,
          33.569498,
          33.200107
        ]
      },
      {
        "date": "2026-01-16",
        "close": 34.107,
        "volume": 538,
        "typical_volume": 4777.7,
        "trend": 32.76417,
        "fair_value": 29.635618,
        "relative_strength": -4.541435,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.897025,
        "energy": 61.585494,
        "activity_lines": [
          34.351273,
          34.150642,
          33.650924,
          33.29436
        ]
      },
      {
        "date": "2026-01-23",
        "close": 34.1273,
        "volume": 1848,
        "typical_volume": 4849.9,
        "trend": 32.869013,
        "fair_value": 29.676083,
        "relative_strength": -4.595425,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.49053,
        "energy": 50.962387,
        "activity_lines": [
          34.288233,
          34.196459,
          33.728127,
          33.382304
        ]
      },
      {
        "date": "2026-01-30",
        "close": 34.4903,
        "volume": 699,
        "typical_volume": 4546.75,
        "trend": 32.957184,
        "fair_value": 29.719067,
        "relative_strength": -3.328909,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.926376,
        "energy": 51.219821,
        "activity_lines": [
          34.34046,
          34.288943,
          33.831426,
          33.486903
        ]
      },
      {
        "date": "2026-02-06",
        "close": 35.3104,
        "volume": 400,
        "typical_volume": 3050.2,
        "trend": 33.079716,
        "fair_value": 29.768548,
        "relative_strength": 1.004652,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.821543,
        "energy": 58.27962,
        "activity_lines": [
          34.6615,
          34.495748,
          34.004847,
          33.638724
        ]
      },
      {
        "date": "2026-02-13",
        "close": 34.6728,
        "volume": 5668,
        "typical_volume": 2719.4,
        "trend": 33.192455,
        "fair_value": 29.811568,
        "relative_strength": 0.476443,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.196987,
        "energy": 50.343096,
        "activity_lines": [
          34.695873,
          34.552812,
          34.107085,
          33.741503
        ]
      },
      {
        "date": "2026-02-20",
        "close": 33.3759,
        "volume": 979,
        "typical_volume": 2395.25,
        "trend": 33.249447,
        "fair_value": 29.842562,
        "relative_strength": -4.227031,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 29.559881,
        "energy": 27.278696,
        "activity_lines": [
          34.30732,
          34.359316,
          34.079643,
          33.753339
        ]
      },
      {
        "date": "2026-02-27",
        "close": 34.5989,
        "volume": 758,
        "typical_volume": 2155.25,
        "trend": 33.376807,
        "fair_value": 29.883565,
        "relative_strength": -0.30022,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 47.994169,
        "energy": 31.624788,
        "activity_lines": [
          34.375173,
          34.403502,
          34.167726,
          33.8404
        ]
      },
      {
        "date": "2026-03-06",
        "close": 34.2873,
        "volume": 2602,
        "typical_volume": 2142.65,
        "trend": 33.479001,
        "fair_value": 29.921204,
        "relative_strength": 0.208282,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 35.82949,
        "energy": 17.936572,
        "activity_lines": [
          34.30772,
          34.380895,
          34.213858,
          33.899142
        ]
      },
      {
        "date": "2026-03-13",
        "close": 33.6424,
        "volume": 1031,
        "typical_volume": 2142.1,
        "trend": 33.539881,
        "fair_value": 29.952739,
        "relative_strength": -0.463562,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 17.766175,
        "energy": 16.767185,
        "activity_lines": [
          34.038833,
          34.243482,
          34.188772,
          33.909683
        ]
      },
      {
        "date": "2026-03-20",
        "close": 33.6204,
        "volume": 1417,
        "typical_volume": 1858.9,
        "trend": 33.575776,
        "fair_value": 29.98356,
        "relative_strength": 1.667751,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 4.631602,
        "energy": 9.043698,
        "activity_lines": [
          33.873813,
          34.112178,
          34.158138,
          33.914878
        ]
      },
      {
        "date": "2026-03-27",
        "close": 33.9254,
        "volume": 4159,
        "typical_volume": 2038.6,
        "trend": 33.612815,
        "fair_value": 30.016409,
        "relative_strength": 6.165421,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 10.238469,
        "energy": 13.643619,
        "activity_lines": [
          33.88062,
          34.05802,
          34.152321,
          33.937435
        ]
      },
      {
        "date": "2026-04-03",
        "close": 34.2518,
        "volume": 357,
        "typical_volume": 2045.35,
        "trend": 33.676293,
        "fair_value": 30.051412,
        "relative_strength": 3.27685,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 16.228873,
        "energy": 13.70843,
        "activity_lines": [
          33.959593,
          34.066509,
          34.172473,
          33.978659
        ]
      },
      {
        "date": "2026-04-10",
        "close": 34.2432,
        "volume": 29,
        "typical_volume": 2002.6,
        "trend": 33.723935,
        "fair_value": 30.085771,
        "relative_strength": -0.992768,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 18.70086,
        "energy": 8.912835,
        "activity_lines": [
          34.05884,
          34.071171,
          34.186149,
          34.015234
        ]
      },
      {
        "date": "2026-04-17",
        "close": 34.8394,
        "volume": 4215,
        "typical_volume": 2195.85,
        "trend": 33.781448,
        "fair_value": 30.124418,
        "relative_strength": -4.832117,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 48.148472,
        "energy": 27.603824,
        "activity_lines": [
          34.35976,
          34.188725,
          34.248672,
          34.087199
        ]
      },
      {
        "date": "2026-04-24",
        "close": 34.6021,
        "volume": 17,
        "typical_volume": 2051.5,
        "trend": 33.822254,
        "fair_value": 30.160529,
        "relative_strength": -7.231142,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 43.421132,
        "energy": 35.73032,
        "activity_lines": [
          34.50178,
          34.271698,
          34.281981,
          34.140145
        ]
      },
      {
        "date": "2026-05-01",
        "close": 35.232,
        "volume": 24,
        "typical_volume": 1786.6,
        "trend": 33.890786,
        "fair_value": 30.2011,
        "relative_strength": -6.706672,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 69.280941,
        "energy": 59.768018,
        "activity_lines": [
          34.78832,
          34.470484,
          34.371752,
          34.231096
        ]
      },
      {
        "date": "2026-05-08",
        "close": 34.6794,
        "volume": 32711,
        "typical_volume": 3403.05,
        "trend": 33.979386,
        "fair_value": 30.236642,
        "relative_strength": -12.597806,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.461065,
        "energy": 55.011769,
        "activity_lines": [
          34.803553,
          34.535049,
          34.404068,
          34.281974
        ]
      },
      {
        "date": "2026-05-15",
        "close": 34.9867,
        "volume": 6005,
        "typical_volume": 3686.6,
        "trend": 34.071295,
        "fair_value": 30.274044,
        "relative_strength": -11.237547,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.027949,
        "energy": 54.435107,
        "activity_lines": [
          34.892713,
          34.654024,
          34.462612,
          34.346962
        ]
      },
      {
        "date": "2026-05-22",
        "close": 35.6989,
        "volume": 662,
        "typical_volume": 3642.8,
        "trend": 34.164014,
        "fair_value": 30.316426,
        "relative_strength": -10.239925,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.272883,
        "energy": 71.095779,
        "activity_lines": [
          35.169707,
          34.889773,
          34.586295,
          34.451969
        ]
      },
      {
        "date": "2026-05-29",
        "close": 35.35,
        "volume": 494,
        "typical_volume": 3230.65,
        "trend": 34.251285,
        "fair_value": 30.355446,
        "relative_strength": -13.308112,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.572274,
        "energy": 67.34698,
        "activity_lines": [
          35.2731,
          35.024695,
          34.669605,
          34.528484
        ]
      },
      {
        "date": "2026-06-05",
        "close": 35.5869,
        "volume": 1409,
        "typical_volume": 3274.2,
        "trend": 34.342486,
        "fair_value": 30.395688,
        "relative_strength": -8.375118,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.637696,
        "energy": 74.761024,
        "activity_lines": [
          35.4056,
          35.171242,
          34.772921,
          34.614653
        ]
      },
      {
        "date": "2026-06-12",
        "close": 35.7994,
        "volume": 406,
        "typical_volume": 3202.1,
        "trend": 34.433665,
        "fair_value": 30.436938,
        "relative_strength": -9.645869,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.861669,
        "energy": 78.462906,
        "activity_lines": [
          35.585273,
          35.326216,
          34.889428,
          34.708648
        ]
      },
      {
        "date": "2026-06-19",
        "close": 35.4245,
        "volume": 69,
        "typical_volume": 3170.6,
        "trend": 34.528585,
        "fair_value": 30.474722,
        "relative_strength": -12.601374,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.119643,
        "energy": 62.954099,
        "activity_lines": [
          35.565313,
          35.384889,
          34.962268,
          34.772572
        ]
      },
      {
        "date": "2026-06-26",
        "close": 35.9113,
        "volume": 86,
        "typical_volume": 3154.9,
        "trend": 34.610605,
        "fair_value": 30.515599,
        "relative_strength": -7.033623,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.102113,
        "energy": 63.421775,
        "activity_lines": [
          35.678433,
          35.510593,
          35.077021,
          34.86178
        ]
      },
      {
        "date": "2026-07-03",
        "close": 36.3246,
        "volume": 1466,
        "typical_volume": 2944.8,
        "trend": 34.692726,
        "fair_value": 30.55895,
        "relative_strength": -6.552724,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.003499,
        "energy": 71.002875,
        "activity_lines": [
          35.91516,
          35.691953,
          35.228275,
          34.97236
        ]
      },
      {
        "date": "2026-07-10",
        "close": 36.6482,
        "volume": 774,
        "typical_volume": 2934.55,
        "trend": 34.77372,
        "fair_value": 30.604055,
        "relative_strength": -7.17609,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.360918,
        "energy": 78.873868,
        "activity_lines": [
          36.19478,
          35.900831,
          35.402482,
          35.09852
        ]
      },
      {
        "date": "2026-07-17",
        "close": 37.2229,
        "volume": 389,
        "typical_volume": 2916.1,
        "trend": 34.879773,
        "fair_value": 30.652723,
        "relative_strength": -1.544057,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.521047,
        "energy": 93.257792,
        "activity_lines": [
          36.595213,
          36.188451,
          35.61584,
          35.256531
        ]
      },
      {
        "date": "2026-07-24",
        "close": 37.2779,
        "volume": 650,
        "typical_volume": 2818.5,
        "trend": 34.97497,
        "fair_value": 30.701082,
        "relative_strength": 0.25898,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.632022,
        "energy": 91.990964,
        "activity_lines": [
          36.91908,
          36.439825,
          35.821941,
          35.411249
        ]
      },
      {
        "date": "2026-07-31",
        "close": 37.4031,
        "volume": 175,
        "typical_volume": 2775.7,
        "trend": 35.081793,
        "fair_value": 30.749647,
        "relative_strength": 0.095777,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.469518,
        "energy": 91.639239,
        "activity_lines": [
          37.16112,
          36.672305,
          36.025725,
          35.567903
        ]
      },
      {
        "date": "2026-08-07",
        "close": 37.942,
        "volume": 419,
        "typical_volume": 2725.8,
        "trend": 35.18608,
        "fair_value": 30.801391,
        "relative_strength": -3.312176,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.439303,
        "energy": 94.806815,
        "activity_lines": [
          37.48334,
          36.971782,
          36.262925,
          35.752432
        ]
      }
    ],
    "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."
    }
  }
}