{
  "ticker": {
    "uuid": "6159da82-8ed1-4445-989f-35cb48fc079a",
    "symbol": "NUW",
    "name": "Nuveen AMT-Free Municipal Value Fund",
    "exchange": "NYSE",
    "country": "US",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "SPY",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 73.703,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "mixed",
    "architecture_direction": -18.097,
    "architecture_energy": 17.468,
    "architecture_maturity": 12.65,
    "architecture_confidence": 69.441,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 63.09,
        "rotation_up": 26.76,
        "upward_expansion": 14.57,
        "deceleration": 53.4,
        "rotation_down": 50.4,
        "downward_expansion": 44.57
      },
      "activity_lines": [
        14.058124,
        14.137741,
        14.120066,
        14.123044
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 14.02,
    "trend_reference": 14.131251,
    "distance_from_trend": -0.007873,
    "trend_direction": "Improving",
    "fair_value": 13.099798,
    "distance_from_fair_value": 0.070246,
    "fair_value_direction": "Weakening",
    "relative_strength": -10.745964,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.014653,
    "excess_performance": -0.140278,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.007873,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.00378,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.070246,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.006547,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.10746,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.008932,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.014653,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.331441,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 205749,
      "relative_activity": 0.89181,
      "balance": 1.331441,
      "dry_up": 0.942636,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.019778,
      "annualized_volatility": 0.095607,
      "from_high_reference": -0.039613,
      "from_low_reference": 0.074366
    },
    "levels": {
      "trend_reference": 14.131251,
      "fair_value_reference": 13.099798,
      "structural_low": 13.620123,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 19,
        "median_return": -0.000875,
        "positive_rate": 0.421053,
        "directional_follow_through": 0.421053,
        "median_excess_return": -0.001685,
        "regime_survival": 0.578947,
        "best_return": 0.04192,
        "worst_return": -0.049622,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.002412,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.039573,
        "regime_survival": 0.375,
        "best_return": 0.041784,
        "worst_return": -0.101337,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.004028,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.053168,
        "regime_survival": 0.0,
        "best_return": 0.023914,
        "worst_return": -0.102279,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.026229,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.071903,
        "regime_survival": 0.0,
        "best_return": 0.091115,
        "worst_return": -0.171712,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-08",
        "end": "2024-12-27",
        "tenure": "Developing",
        "return": -0.033891,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-01-03",
        "end": "2025-01-31",
        "tenure": "Developing",
        "return": 0.010889,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-07",
        "end": "2025-02-14",
        "tenure": "New",
        "return": 0.003507,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-02-21",
        "end": "2025-03-28",
        "tenure": "Developing",
        "return": -0.00942,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-04",
        "end": "2025-04-04",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-11",
        "end": "2025-04-25",
        "tenure": "New",
        "return": 0.043983,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-02",
        "end": "2025-08-01",
        "tenure": "Established",
        "return": 0.021839,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-08",
        "end": "2025-11-28",
        "tenure": "Established",
        "return": 0.046964,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-12-05",
        "end": "2025-12-12",
        "tenure": "New",
        "return": 0.001396,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-12-19",
        "end": "2026-03-13",
        "tenure": "Established",
        "return": 0.002154,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-03-20",
        "end": "2026-05-15",
        "tenure": "Developing",
        "return": -0.015796,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-22",
        "end": "2026-07-10",
        "tenure": "Developing",
        "return": 0.029429,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-07-17",
        "end": "2026-07-24",
        "tenure": "New",
        "return": -0.025105,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.004298,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 12.170504,
        "volume": 159130,
        "typical_volume": 156554.45,
        "trend": 12.208939,
        "fair_value": 12.887574,
        "relative_strength": -6.681411,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -20.206626,
        "energy": 7.671048,
        "activity_lines": [
          12.190262,
          12.202839,
          12.196244,
          12.192927
        ]
      },
      {
        "date": "2023-08-25",
        "close": 12.072283,
        "volume": 130367,
        "typical_volume": 158484.9,
        "trend": 12.19891,
        "fair_value": 12.882618,
        "relative_strength": -7.998624,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -47.517995,
        "energy": 22.779019,
        "activity_lines": [
          12.142614,
          12.182151,
          12.183897,
          12.18411
        ]
      },
      {
        "date": "2023-09-01",
        "close": 12.179434,
        "volume": 175228,
        "typical_volume": 159370.05,
        "trend": 12.185453,
        "fair_value": 12.876906,
        "relative_strength": -9.242488,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -42.429184,
        "energy": 20.025821,
        "activity_lines": [
          12.138436,
          12.180161,
          12.182763,
          12.182854
        ]
      },
      {
        "date": "2023-09-08",
        "close": 11.849053,
        "volume": 239619,
        "typical_volume": 161414.8,
        "trend": 12.164192,
        "fair_value": 12.869901,
        "relative_strength": -10.387506,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -60.369869,
        "energy": 39.697099,
        "activity_lines": [
          12.046701,
          12.116819,
          12.150287,
          12.161151
        ]
      },
      {
        "date": "2023-09-15",
        "close": 11.822739,
        "volume": 173904,
        "typical_volume": 159684.65,
        "trend": 12.147925,
        "fair_value": 12.862888,
        "relative_strength": -10.237443,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -60.394099,
        "energy": 48.94552,
        "activity_lines": [
          11.957552,
          12.054872,
          12.117253,
          12.139121
        ]
      },
      {
        "date": "2023-09-22",
        "close": 11.733173,
        "volume": 158209,
        "typical_volume": 157810.55,
        "trend": 12.138031,
        "fair_value": 12.857368,
        "relative_strength": -7.968909,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.155814,
        "energy": 55.68575,
        "activity_lines": [
          11.862342,
          11.983136,
          12.077512,
          12.112363
        ]
      },
      {
        "date": "2023-09-29",
        "close": 12.001872,
        "volume": 338201,
        "typical_volume": 169058.75,
        "trend": 12.134462,
        "fair_value": 12.851865,
        "relative_strength": -4.953009,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.244818,
        "energy": 52.028776,
        "activity_lines": [
          11.885854,
          11.970152,
          12.065693,
          12.103579
        ]
      },
      {
        "date": "2023-10-06",
        "close": 11.68839,
        "volume": 135764,
        "typical_volume": 168063.85,
        "trend": 12.125124,
        "fair_value": 12.844611,
        "relative_strength": -7.572554,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.32475,
        "energy": 55.523553,
        "activity_lines": [
          11.809566,
          11.903567,
          12.025031,
          12.0748
        ]
      },
      {
        "date": "2023-10-13",
        "close": 11.636919,
        "volume": 203343,
        "typical_volume": 171479.4,
        "trend": 12.108246,
        "fair_value": 12.837345,
        "relative_strength": -8.082075,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.110791,
        "energy": 55.436887,
        "activity_lines": [
          11.748857,
          11.842706,
          11.981552,
          12.043303
        ]
      },
      {
        "date": "2023-10-20",
        "close": 11.331394,
        "volume": 224480,
        "typical_volume": 177269.1,
        "trend": 12.082358,
        "fair_value": 12.827655,
        "relative_strength": -8.073889,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.118005,
        "energy": 65.009364,
        "activity_lines": [
          11.600449,
          11.73325,
          11.911726,
          11.993183
        ]
      },
      {
        "date": "2023-10-27",
        "close": 11.250519,
        "volume": 211682,
        "typical_volume": 182377.45,
        "trend": 12.05348,
        "fair_value": 12.815788,
        "relative_strength": -6.254898,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.087416,
        "energy": 76.755858,
        "activity_lines": [
          11.457839,
          11.624512,
          11.838867,
          11.939516
        ]
      },
      {
        "date": "2023-11-03",
        "close": 11.789681,
        "volume": 360012,
        "typical_volume": 190715.0,
        "trend": 12.037002,
        "fair_value": 12.808984,
        "relative_strength": -6.963537,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.372735,
        "energy": 61.813183,
        "activity_lines": [
          11.527126,
          11.630531,
          11.821568,
          11.922497
        ]
      },
      {
        "date": "2023-11-10",
        "close": 11.771709,
        "volume": 188274,
        "typical_volume": 191728.45,
        "trend": 12.022548,
        "fair_value": 12.800099,
        "relative_strength": -8.177994,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.542475,
        "energy": 43.699703,
        "activity_lines": [
          11.604569,
          11.638421,
          11.803697,
          11.905381
        ]
      },
      {
        "date": "2023-11-17",
        "close": 11.854801,
        "volume": 323446,
        "typical_volume": 199820.35,
        "trend": 12.009099,
        "fair_value": 12.792733,
        "relative_strength": -9.387041,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.625136,
        "energy": 24.224823,
        "activity_lines": [
          11.704154,
          11.668831,
          11.795346,
          11.894559
        ]
      },
      {
        "date": "2023-11-24",
        "close": 11.854801,
        "volume": 301559,
        "typical_volume": 208409.85,
        "trend": 11.997416,
        "fair_value": 12.782771,
        "relative_strength": -10.046998,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -31.337443,
        "energy": 23.027703,
        "activity_lines": [
          11.789214,
          11.699136,
          11.788586,
          11.884604
        ]
      },
      {
        "date": "2023-12-01",
        "close": 12.134268,
        "volume": 416185,
        "typical_volume": 225513.15,
        "trend": 11.994459,
        "fair_value": 12.775898,
        "relative_strength": -8.488631,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -7.721585,
        "energy": 17.812041,
        "activity_lines": [
          11.932536,
          11.779671,
          11.80999,
          11.893433
        ]
      },
      {
        "date": "2023-12-08",
        "close": 12.242449,
        "volume": 334034,
        "typical_volume": 232648.5,
        "trend": 11.995388,
        "fair_value": 12.769719,
        "relative_strength": -7.634338,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 27.838742,
        "energy": 30.404515,
        "activity_lines": [
          12.053002,
          11.872583,
          11.84238,
          11.909433
        ]
      },
      {
        "date": "2023-12-15",
        "close": 12.316739,
        "volume": 261869,
        "typical_volume": 238531.8,
        "trend": 12.001743,
        "fair_value": 12.763657,
        "relative_strength": -8.924309,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 30.817997,
        "energy": 43.554717,
        "activity_lines": [
          12.168047,
          11.974628,
          11.881588,
          11.930165
        ]
      },
      {
        "date": "2023-12-22",
        "close": 12.316739,
        "volume": 255804,
        "typical_volume": 241623.55,
        "trend": 12.005149,
        "fair_value": 12.756814,
        "relative_strength": -9.420509,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 29.911582,
        "energy": 53.780033,
        "activity_lines": [
          12.246756,
          12.065248,
          11.921755,
          11.950487
        ]
      },
      {
        "date": "2023-12-29",
        "close": 12.325782,
        "volume": 221079,
        "typical_volume": 240609.45,
        "trend": 12.00561,
        "fair_value": 12.750289,
        "relative_strength": -9.330589,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 29.500972,
        "energy": 57.590852,
        "activity_lines": [
          12.297683,
          12.145152,
          11.961367,
          11.971173
        ]
      },
      {
        "date": "2024-01-05",
        "close": 12.443343,
        "volume": 111903,
        "typical_volume": 238248.1,
        "trend": 12.01589,
        "fair_value": 12.744829,
        "relative_strength": -6.706332,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 45.633695,
        "energy": 63.583116,
        "activity_lines": [
          12.356399,
          12.228351,
          12.011479,
          11.999414
        ]
      },
      {
        "date": "2024-01-12",
        "close": 12.481832,
        "volume": 144697,
        "typical_volume": 238964.6,
        "trend": 12.030982,
        "fair_value": 12.738842,
        "relative_strength": -7.845749,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 45.132068,
        "energy": 63.086039,
        "activity_lines": [
          12.40734,
          12.29686,
          12.063958,
          12.029475
        ]
      },
      {
        "date": "2024-01-19",
        "close": 12.273196,
        "volume": 158000,
        "typical_volume": 238103.2,
        "trend": 12.036457,
        "fair_value": 12.731668,
        "relative_strength": -10.057109,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 62.132138,
        "energy": 54.621004,
        "activity_lines": [
          12.372776,
          12.314851,
          12.094616,
          12.045102
        ]
      },
      {
        "date": "2024-01-26",
        "close": 12.46369,
        "volume": 294574,
        "typical_volume": 240850.95,
        "trend": 12.045617,
        "fair_value": 12.72499,
        "relative_strength": -9.261472,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.827847,
        "energy": 46.826518,
        "activity_lines": [
          12.404613,
          12.358359,
          12.142971,
          12.072665
        ]
      },
      {
        "date": "2024-02-02",
        "close": 12.654183,
        "volume": 137134,
        "typical_volume": 239012.45,
        "trend": 12.061424,
        "fair_value": 12.717968,
        "relative_strength": -8.832927,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.72703,
        "energy": 57.826101,
        "activity_lines": [
          12.490151,
          12.425432,
          12.20654,
          12.111927
        ]
      },
      {
        "date": "2024-02-09",
        "close": 12.554401,
        "volume": 181062,
        "typical_volume": 240155.1,
        "trend": 12.07065,
        "fair_value": 12.709109,
        "relative_strength": -10.418501,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.834358,
        "energy": 49.141782,
        "activity_lines": [
          12.520535,
          12.459828,
          12.256648,
          12.143732
        ]
      },
      {
        "date": "2024-02-16",
        "close": 12.547597,
        "volume": 168271,
        "typical_volume": 231658.6,
        "trend": 12.082618,
        "fair_value": 12.700757,
        "relative_strength": -9.818593,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.440396,
        "energy": 59.348846,
        "activity_lines": [
          12.541248,
          12.485348,
          12.302196,
          12.174503
        ]
      },
      {
        "date": "2024-02-23",
        "close": 12.574894,
        "volume": 115734,
        "typical_volume": 230657.1,
        "trend": 12.084515,
        "fair_value": 12.693076,
        "relative_strength": -10.733549,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.166586,
        "energy": 60.220469,
        "activity_lines": [
          12.566674,
          12.510283,
          12.347746,
          12.206263
        ]
      },
      {
        "date": "2024-03-01",
        "close": 12.438409,
        "volume": 275678,
        "typical_volume": 234273.85,
        "trend": 12.098482,
        "fair_value": 12.688271,
        "relative_strength": -12.188037,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.724109,
        "energy": 43.510396,
        "activity_lines": [
          12.526493,
          12.505709,
          12.376076,
          12.229095
        ]
      },
      {
        "date": "2024-03-08",
        "close": 12.374715,
        "volume": 430616,
        "typical_volume": 244580.65,
        "trend": 12.104984,
        "fair_value": 12.682483,
        "relative_strength": -11.997116,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 45.665088,
        "energy": 32.33153,
        "activity_lines": [
          12.466766,
          12.487343,
          12.394523,
          12.246916
        ]
      },
      {
        "date": "2024-03-15",
        "close": 12.38629,
        "volume": 333410,
        "typical_volume": 250667.05,
        "trend": 12.112177,
        "fair_value": 12.676424,
        "relative_strength": -11.413074,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.451406,
        "energy": 25.042812,
        "activity_lines": [
          12.429528,
          12.470191,
          12.409104,
          12.265065
        ]
      },
      {
        "date": "2024-03-22",
        "close": 12.404545,
        "volume": 188174,
        "typical_volume": 242075.15,
        "trend": 12.123252,
        "fair_value": 12.670482,
        "relative_strength": -12.776657,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.685034,
        "energy": 20.691211,
        "activity_lines": [
          12.409583,
          12.457395,
          12.420015,
          12.283927
        ]
      },
      {
        "date": "2024-03-29",
        "close": 12.322396,
        "volume": 147315,
        "typical_volume": 240027.2,
        "trend": 12.128017,
        "fair_value": 12.662989,
        "relative_strength": -13.266857,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 29.799765,
        "energy": 19.380362,
        "activity_lines": [
          12.371791,
          12.431068,
          12.420175,
          12.296775
        ]
      },
      {
        "date": "2024-04-05",
        "close": 12.322396,
        "volume": 200674,
        "typical_volume": 233888.6,
        "trend": 12.143795,
        "fair_value": 12.654659,
        "relative_strength": -12.074174,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 17.298847,
        "energy": 13.938114,
        "activity_lines": [
          12.350833,
          12.403847,
          12.417712,
          12.309316
        ]
      },
      {
        "date": "2024-04-12",
        "close": 12.297294,
        "volume": 167684,
        "typical_volume": 227194.85,
        "trend": 12.159614,
        "fair_value": 12.645727,
        "relative_strength": -10.572753,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 11.050659,
        "energy": 12.07941,
        "activity_lines": [
          12.329241,
          12.374631,
          12.410632,
          12.319219
        ]
      },
      {
        "date": "2024-04-19",
        "close": 12.260668,
        "volume": 104559,
        "typical_volume": 211613.55,
        "trend": 12.177197,
        "fair_value": 12.636088,
        "relative_strength": -7.656925,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 3.959649,
        "energy": 12.653521,
        "activity_lines": [
          12.300603,
          12.345245,
          12.397957,
          12.325739
        ]
      },
      {
        "date": "2024-04-26",
        "close": 12.361391,
        "volume": 135603,
        "typical_volume": 201692.0,
        "trend": 12.189181,
        "fair_value": 12.627304,
        "relative_strength": -8.941948,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 8.906798,
        "energy": 12.485221,
        "activity_lines": [
          12.313913,
          12.339512,
          12.394273,
          12.337622
        ]
      },
      {
        "date": "2024-05-03",
        "close": 12.480426,
        "volume": 152663,
        "typical_volume": 196231.7,
        "trend": 12.215582,
        "fair_value": 12.61839,
        "relative_strength": -8.237029,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.832223,
        "energy": 14.681115,
        "activity_lines": [
          12.369779,
          12.358808,
          12.401359,
          12.356412
        ]
      },
      {
        "date": "2024-05-10",
        "close": 12.398017,
        "volume": 276505,
        "typical_volume": 197266.75,
        "trend": 12.240952,
        "fair_value": 12.609899,
        "relative_strength": -10.104625,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.662798,
        "energy": 14.871185,
        "activity_lines": [
          12.387639,
          12.364838,
          12.399816,
          12.368182
        ]
      },
      {
        "date": "2024-05-17",
        "close": 12.455491,
        "volume": 274272,
        "typical_volume": 199926.4,
        "trend": 12.278422,
        "fair_value": 12.601276,
        "relative_strength": -10.776623,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.24998,
        "energy": 24.100863,
        "activity_lines": [
          12.419617,
          12.382052,
          12.403361,
          12.382023
        ]
      },
      {
        "date": "2024-05-24",
        "close": 12.317709,
        "volume": 211863,
        "typical_volume": 204924.4,
        "trend": 12.313995,
        "fair_value": 12.590426,
        "relative_strength": -11.35858,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 22.247737,
        "energy": 15.721795,
        "activity_lines": [
          12.39512,
          12.372746,
          12.393166,
          12.384558
        ]
      },
      {
        "date": "2024-05-31",
        "close": 12.280967,
        "volume": 160460,
        "typical_volume": 205712.55,
        "trend": 12.330371,
        "fair_value": 12.579109,
        "relative_strength": -10.890654,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -3.570807,
        "energy": 3.135155,
        "activity_lines": [
          12.354574,
          12.358006,
          12.38007,
          12.382427
        ]
      },
      {
        "date": "2024-06-07",
        "close": 12.43712,
        "volume": 164107,
        "typical_volume": 206017.9,
        "trend": 12.352552,
        "fair_value": 12.569605,
        "relative_strength": -10.527575,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 15.242613,
        "energy": 6.331032,
        "activity_lines": [
          12.37144,
          12.373905,
          12.382802,
          12.389314
        ]
      },
      {
        "date": "2024-06-14",
        "close": 12.558827,
        "volume": 135944,
        "typical_volume": 198086.4,
        "trend": 12.376019,
        "fair_value": 12.560727,
        "relative_strength": -10.81334,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 46.607902,
        "energy": 20.193111,
        "activity_lines": [
          12.431762,
          12.409847,
          12.396344,
          12.402622
        ]
      },
      {
        "date": "2024-06-21",
        "close": 12.549613,
        "volume": 110939,
        "typical_volume": 196776.65,
        "trend": 12.39918,
        "fair_value": 12.551261,
        "relative_strength": -11.100032,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 49.020746,
        "energy": 40.874446,
        "activity_lines": [
          12.478292,
          12.439815,
          12.408556,
          12.413822
        ]
      },
      {
        "date": "2024-06-28",
        "close": 12.78918,
        "volume": 269059,
        "typical_volume": 201176.5,
        "trend": 12.42101,
        "fair_value": 12.54159,
        "relative_strength": -9.058975,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.198676,
        "energy": 70.621229,
        "activity_lines": [
          12.598403,
          12.508752,
          12.444082,
          12.438983
        ]
      },
      {
        "date": "2024-07-05",
        "close": 12.650969,
        "volume": 101353,
        "typical_volume": 197830.6,
        "trend": 12.434627,
        "fair_value": 12.531771,
        "relative_strength": -11.37866,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.798338,
        "energy": 68.446769,
        "activity_lines": [
          12.641012,
          12.542951,
          12.465327,
          12.453819
        ]
      },
      {
        "date": "2024-07-12",
        "close": 12.807608,
        "volume": 135274,
        "typical_volume": 198807.6,
        "trend": 12.45099,
        "fair_value": 12.523015,
        "relative_strength": -10.815986,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.882729,
        "energy": 75.822609,
        "activity_lines": [
          12.711167,
          12.600365,
          12.500998,
          12.477883
        ]
      },
      {
        "date": "2024-07-19",
        "close": 12.65296,
        "volume": 192133,
        "typical_volume": 194630.35,
        "trend": 12.462197,
        "fair_value": 12.514591,
        "relative_strength": -9.837653,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.189484,
        "energy": 67.074516,
        "activity_lines": [
          12.705074,
          12.623712,
          12.520832,
          12.490913
        ]
      },
      {
        "date": "2024-07-26",
        "close": 12.773112,
        "volume": 172460,
        "typical_volume": 181722.55,
        "trend": 12.477108,
        "fair_value": 12.505985,
        "relative_strength": -7.92151,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.733691,
        "energy": 51.97173,
        "activity_lines": [
          12.732756,
          12.66427,
          12.551087,
          12.510972
        ]
      },
      {
        "date": "2024-08-02",
        "close": 12.911749,
        "volume": 150554,
        "typical_volume": 172579.75,
        "trend": 12.492722,
        "fair_value": 12.498267,
        "relative_strength": -4.687114,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.801326,
        "energy": 56.636438,
        "activity_lines": [
          12.791751,
          12.72426,
          12.592649,
          12.539013
        ]
      },
      {
        "date": "2024-08-09",
        "close": 12.916371,
        "volume": 138739,
        "typical_volume": 170108.0,
        "trend": 12.507206,
        "fair_value": 12.489949,
        "relative_strength": -4.417413,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.252881,
        "energy": 51.603956,
        "activity_lines": [
          12.844114,
          12.774289,
          12.632149,
          12.566346
        ]
      },
      {
        "date": "2024-08-16",
        "close": 12.969656,
        "volume": 97102,
        "typical_volume": 167597.35,
        "trend": 12.530421,
        "fair_value": 12.481075,
        "relative_strength": -7.371983,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.778456,
        "energy": 64.00701,
        "activity_lines": [
          12.896546,
          12.822454,
          12.674287,
          12.596181
        ]
      },
      {
        "date": "2024-08-23",
        "close": 13.053092,
        "volume": 97869,
        "typical_volume": 162457.1,
        "trend": 12.550068,
        "fair_value": 12.472573,
        "relative_strength": -7.749617,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.341794,
        "energy": 73.290068,
        "activity_lines": [
          12.965987,
          12.876106,
          12.721288,
          12.629902
        ]
      },
      {
        "date": "2024-08-30",
        "close": 12.997468,
        "volume": 107415,
        "typical_volume": 159443.65,
        "trend": 12.561511,
        "fair_value": 12.465412,
        "relative_strength": -8.092302,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.115948,
        "energy": 68.683285,
        "activity_lines": [
          12.990211,
          12.910658,
          12.759513,
          12.658766
        ]
      },
      {
        "date": "2024-09-06",
        "close": 13.099445,
        "volume": 160087,
        "typical_volume": 162220.05,
        "trend": 12.579679,
        "fair_value": 12.459328,
        "relative_strength": -3.171202,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.704354,
        "energy": 70.388591,
        "activity_lines": [
          13.03347,
          12.955609,
          12.804115,
          12.693472
        ]
      },
      {
        "date": "2024-09-13",
        "close": 13.309426,
        "volume": 121167,
        "typical_volume": 161498.25,
        "trend": 12.605073,
        "fair_value": 12.453428,
        "relative_strength": -5.171284,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.991236,
        "energy": 78.193234,
        "activity_lines": [
          13.13421,
          13.033096,
          12.864721,
          12.740552
        ]
      },
      {
        "date": "2024-09-20",
        "close": 13.262922,
        "volume": 230627,
        "typical_volume": 165396.45,
        "trend": 12.628008,
        "fair_value": 12.448346,
        "relative_strength": -6.518674,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.704351,
        "energy": 72.816059,
        "activity_lines": [
          13.193245,
          13.090157,
          12.916384,
          12.782994
        ]
      },
      {
        "date": "2024-09-27",
        "close": 13.179215,
        "volume": 189581,
        "typical_volume": 161050.25,
        "trend": 12.652701,
        "fair_value": 12.441389,
        "relative_strength": -7.246672,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.327567,
        "energy": 69.26182,
        "activity_lines": [
          13.204827,
          13.12372,
          12.956349,
          12.818556
        ]
      },
      {
        "date": "2024-10-04",
        "close": 13.253621,
        "volume": 243958,
        "typical_volume": 159534.55,
        "trend": 12.681998,
        "fair_value": 12.437045,
        "relative_strength": -6.647573,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.44183,
        "energy": 65.729093,
        "activity_lines": [
          13.232802,
          13.161243,
          12.99968,
          12.857325
        ]
      },
      {
        "date": "2024-10-11",
        "close": 13.290824,
        "volume": 462110,
        "typical_volume": 172046.9,
        "trend": 12.712149,
        "fair_value": 12.431934,
        "relative_strength": -7.134271,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.553121,
        "energy": 59.410671,
        "activity_lines": [
          13.256101,
          13.196793,
          13.042754,
          12.896604
        ]
      },
      {
        "date": "2024-10-18",
        "close": 13.296751,
        "volume": 216504,
        "typical_volume": 174849.1,
        "trend": 12.741889,
        "fair_value": 12.428194,
        "relative_strength": -7.563507,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.232869,
        "energy": 55.747508,
        "activity_lines": [
          13.268618,
          13.226529,
          13.081758,
          12.93432
        ]
      },
      {
        "date": "2024-10-25",
        "close": 12.998158,
        "volume": 187681,
        "typical_volume": 176027.8,
        "trend": 12.764415,
        "fair_value": 12.42222,
        "relative_strength": -8.392399,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 49.425998,
        "energy": 40.353031,
        "activity_lines": [
          13.182448,
          13.195059,
          13.087488,
          12.950853
        ]
      },
      {
        "date": "2024-11-01",
        "close": 12.848861,
        "volume": 344342,
        "typical_volume": 186447.7,
        "trend": 12.781964,
        "fair_value": 12.415821,
        "relative_strength": -7.815032,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 23.432508,
        "energy": 17.694982,
        "activity_lines": [
          13.064164,
          13.135926,
          13.076327,
          12.956302
        ]
      },
      {
        "date": "2024-11-08",
        "close": 13.119461,
        "volume": 219912,
        "typical_volume": 191896.35,
        "trend": 12.809369,
        "fair_value": 12.411136,
        "relative_strength": -9.779827,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.532847,
        "energy": 23.886358,
        "activity_lines": [
          13.058103,
          13.129706,
          13.089557,
          12.978076
        ]
      },
      {
        "date": "2024-11-15",
        "close": 12.836264,
        "volume": 152811,
        "typical_volume": 186083.95,
        "trend": 12.828556,
        "fair_value": 12.404662,
        "relative_strength": -9.513294,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -3.033472,
        "energy": 19.032387,
        "activity_lines": [
          12.966588,
          13.069778,
          13.073101,
          12.979811
        ]
      },
      {
        "date": "2024-11-22",
        "close": 12.953298,
        "volume": 198127,
        "typical_volume": 190922.65,
        "trend": 12.848286,
        "fair_value": 12.399526,
        "relative_strength": -9.852765,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 7.462721,
        "energy": 20.325658,
        "activity_lines": [
          12.944387,
          13.035914,
          13.067568,
          12.987859
        ]
      },
      {
        "date": "2024-11-29",
        "close": 13.126508,
        "volume": 176801,
        "typical_volume": 192999.0,
        "trend": 12.869822,
        "fair_value": 12.395019,
        "relative_strength": -9.353144,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.652816,
        "energy": 13.147987,
        "activity_lines": [
          13.00282,
          13.040018,
          13.077092,
          13.005808
        ]
      },
      {
        "date": "2024-12-06",
        "close": 13.060969,
        "volume": 251738,
        "typical_volume": 195979.25,
        "trend": 12.89192,
        "fair_value": 12.386621,
        "relative_strength": -10.192854,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 13.856086,
        "energy": 10.449927,
        "activity_lines": [
          13.030851,
          13.034686,
          13.078855,
          13.018141
        ]
      },
      {
        "date": "2024-12-13",
        "close": 12.919124,
        "volume": 287046,
        "typical_volume": 201708.55,
        "trend": 12.907375,
        "fair_value": 12.379416,
        "relative_strength": -10.270411,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 4.526173,
        "energy": 4.436139,
        "activity_lines": [
          12.997459,
          13.005714,
          13.065166,
          13.019896
        ]
      },
      {
        "date": "2024-12-20",
        "close": 12.562086,
        "volume": 452679,
        "typical_volume": 216814.8,
        "trend": 12.915521,
        "fair_value": 12.370193,
        "relative_strength": -10.753004,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -37.334253,
        "energy": 30.030013,
        "activity_lines": [
          12.85841,
          12.917907,
          13.016778,
          12.997619
        ]
      },
      {
        "date": "2024-12-27",
        "close": 12.674835,
        "volume": 405357,
        "typical_volume": 230145.7,
        "trend": 12.92865,
        "fair_value": 12.361692,
        "relative_strength": -10.176131,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -38.276251,
        "energy": 51.787157,
        "activity_lines": [
          12.775222,
          12.86385,
          12.980793,
          12.982091
        ]
      },
      {
        "date": "2025-01-03",
        "close": 12.834562,
        "volume": 284238,
        "typical_volume": 239502.5,
        "trend": 12.941898,
        "fair_value": 12.355136,
        "relative_strength": -8.182967,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -29.153168,
        "energy": 51.212398,
        "activity_lines": [
          12.763842,
          12.850142,
          12.96117,
          12.976021
        ]
      },
      {
        "date": "2025-01-10",
        "close": 12.825166,
        "volume": 182383,
        "typical_volume": 243728.2,
        "trend": 12.950776,
        "fair_value": 12.348525,
        "relative_strength": -6.100348,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -29.497411,
        "energy": 48.21297,
        "activity_lines": [
          12.768792,
          12.8377,
          12.941296,
          12.96849
        ]
      },
      {
        "date": "2025-01-17",
        "close": 12.908319,
        "volume": 246160,
        "typical_volume": 250665.45,
        "trend": 12.962733,
        "fair_value": 12.345975,
        "relative_strength": -7.880739,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -23.465873,
        "energy": 19.718201,
        "activity_lines": [
          12.81718,
          12.840808,
          12.930427,
          12.96575
        ]
      },
      {
        "date": "2025-01-24",
        "close": 12.908319,
        "volume": 149723,
        "typical_volume": 250147.25,
        "trend": 12.966704,
        "fair_value": 12.3412,
        "relative_strength": -9.107124,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -35.480809,
        "energy": 16.627555,
        "activity_lines": [
          12.866289,
          12.847754,
          12.919982,
          12.96224
        ]
      },
      {
        "date": "2025-01-31",
        "close": 12.974322,
        "volume": 297822,
        "typical_volume": 258980.0,
        "trend": 12.977482,
        "fair_value": 12.33834,
        "relative_strength": -7.375767,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -27.871184,
        "energy": 16.658782,
        "activity_lines": [
          12.914316,
          12.865391,
          12.916733,
          12.962731
        ]
      },
      {
        "date": "2025-02-07",
        "close": 13.040325,
        "volume": 273723,
        "typical_volume": 261134.8,
        "trend": 12.98524,
        "fair_value": 12.336691,
        "relative_strength": -6.458703,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -14.191583,
        "energy": 15.275704,
        "activity_lines": [
          12.964378,
          12.894646,
          12.921366,
          12.966786
        ]
      },
      {
        "date": "2025-02-14",
        "close": 13.086055,
        "volume": 245219,
        "typical_volume": 263916.7,
        "trend": 12.999676,
        "fair_value": 12.336806,
        "relative_strength": -7.199543,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 19.075159,
        "energy": 20.746209,
        "activity_lines": [
          13.015967,
          12.933783,
          12.931414,
          12.97329
        ]
      },
      {
        "date": "2025-02-21",
        "close": 13.180676,
        "volume": 254195,
        "typical_volume": 264428.55,
        "trend": 13.013262,
        "fair_value": 12.336712,
        "relative_strength": -4.76176,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 28.988698,
        "energy": 37.432611,
        "activity_lines": [
          13.081703,
          12.989668,
          12.950917,
          12.984967
        ]
      },
      {
        "date": "2025-02-28",
        "close": 13.227987,
        "volume": 141355,
        "typical_volume": 248390.8,
        "trend": 13.023803,
        "fair_value": 12.336541,
        "relative_strength": -3.307817,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 33.659265,
        "energy": 51.955784,
        "activity_lines": [
          13.145052,
          13.049399,
          12.975274,
          12.998821
        ]
      },
      {
        "date": "2025-03-07",
        "close": 13.123904,
        "volume": 191845,
        "typical_volume": 247157.85,
        "trend": 13.030721,
        "fair_value": 12.338204,
        "relative_strength": -0.885917,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 23.505038,
        "energy": 47.749932,
        "activity_lines": [
          13.152395,
          13.078098,
          12.990017,
          13.005279
        ]
      },
      {
        "date": "2025-03-14",
        "close": 12.980553,
        "volume": 180990,
        "typical_volume": 246823.3,
        "trend": 13.031084,
        "fair_value": 12.338135,
        "relative_strength": 0.438136,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 15.476311,
        "energy": 27.826885,
        "activity_lines": [
          13.101983,
          13.072569,
          12.99193,
          13.002042
        ]
      },
      {
        "date": "2025-03-21",
        "close": 13.151475,
        "volume": 280578,
        "typical_volume": 243635.1,
        "trend": 13.034363,
        "fair_value": 12.34167,
        "relative_strength": 1.311371,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 30.429091,
        "energy": 24.337216,
        "activity_lines": [
          13.11253,
          13.095462,
          13.010206,
          13.009809
        ]
      },
      {
        "date": "2025-03-28",
        "close": 13.056518,
        "volume": 287742,
        "typical_volume": 247026.6,
        "trend": 13.036332,
        "fair_value": 12.344705,
        "relative_strength": 2.116554,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 10.213192,
        "energy": 9.205325,
        "activity_lines": [
          13.087063,
          13.095158,
          13.017997,
          13.011239
        ]
      },
      {
        "date": "2025-04-04",
        "close": 13.122988,
        "volume": 275938,
        "typical_volume": 253182.95,
        "trend": 13.037116,
        "fair_value": 12.348657,
        "relative_strength": 12.690934,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": 11.936093,
        "energy": 9.039283,
        "activity_lines": [
          13.09203,
          13.104244,
          13.032419,
          13.016829
        ]
      },
      {
        "date": "2025-04-11",
        "close": 12.515266,
        "volume": 479477,
        "typical_volume": 267250.45,
        "trend": 13.010644,
        "fair_value": 12.349537,
        "relative_strength": 1.783211,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -50.131023,
        "energy": 29.645222,
        "activity_lines": [
          12.901423,
          12.998932,
          12.987596,
          12.983162
        ]
      },
      {
        "date": "2025-04-18",
        "close": 12.798884,
        "volume": 211543,
        "typical_volume": 268987.55,
        "trend": 12.995176,
        "fair_value": 12.35404,
        "relative_strength": 5.645952,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -44.03674,
        "energy": 32.997294,
        "activity_lines": [
          12.845931,
          12.953534,
          12.971871,
          12.9695
        ]
      },
      {
        "date": "2025-04-25",
        "close": 13.065726,
        "volume": 303699,
        "typical_volume": 271585.6,
        "trend": 12.991393,
        "fair_value": 12.35905,
        "relative_strength": 3.180575,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -26.873497,
        "energy": 22.474881,
        "activity_lines": [
          12.891497,
          12.961042,
          12.98312,
          12.974051
        ]
      },
      {
        "date": "2025-05-02",
        "close": 12.989485,
        "volume": 351514,
        "typical_volume": 274809.0,
        "trend": 12.982589,
        "fair_value": 12.364064,
        "relative_strength": -0.188785,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -14.884577,
        "energy": 17.178106,
        "activity_lines": [
          12.917367,
          12.955058,
          12.987085,
          12.973928
        ]
      },
      {
        "date": "2025-05-09",
        "close": 13.046666,
        "volume": 358812,
        "typical_volume": 270115.65,
        "trend": 12.97445,
        "fair_value": 12.371527,
        "relative_strength": 0.763831,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 14.59565,
        "energy": 6.803763,
        "activity_lines": [
          12.966765,
          12.962947,
          12.99616,
          12.978062
        ]
      },
      {
        "date": "2025-05-16",
        "close": 13.051762,
        "volume": 179829,
        "typical_volume": 258839.25,
        "trend": 12.966284,
        "fair_value": 12.380121,
        "relative_strength": -4.113032,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 34.849922,
        "energy": 19.12814,
        "activity_lines": [
          13.022951,
          12.975059,
          13.003414,
          12.98305
        ]
      },
      {
        "date": "2025-05-23",
        "close": 12.987684,
        "volume": 282177,
        "typical_volume": 258736.2,
        "trend": 12.965935,
        "fair_value": 12.384684,
        "relative_strength": -2.004228,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 33.247521,
        "energy": 16.861256,
        "activity_lines": [
          13.022011,
          12.976832,
          13.002769,
          12.984431
        ]
      },
      {
        "date": "2025-05-30",
        "close": 12.97812,
        "volume": 268202,
        "typical_volume": 263027.15,
        "trend": 12.970244,
        "fair_value": 12.38968,
        "relative_strength": -3.657799,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 33.67158,
        "energy": 15.521681,
        "activity_lines": [
          13.005296,
          12.976736,
          13.000485,
          12.985217
        ]
      },
      {
        "date": "2025-06-06",
        "close": 12.987684,
        "volume": 178481,
        "typical_volume": 259643.2,
        "trend": 12.965851,
        "fair_value": 12.39523,
        "relative_strength": -5.00322,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 31.499608,
        "energy": 12.824344,
        "activity_lines": [
          12.997609,
          12.981531,
          12.998384,
          12.986342
        ]
      },
      {
        "date": "2025-06-13",
        "close": 13.034069,
        "volume": 188287,
        "typical_volume": 261571.4,
        "trend": 12.972444,
        "fair_value": 12.403827,
        "relative_strength": -4.193091,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 33.495741,
        "energy": 12.309823,
        "activity_lines": [
          13.005505,
          12.996012,
          13.000322,
          12.990743
        ]
      },
      {
        "date": "2025-06-20",
        "close": 13.082059,
        "volume": 131114,
        "typical_volume": 253236.0,
        "trend": 12.976737,
        "fair_value": 12.411961,
        "relative_strength": -3.578505,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 46.219875,
        "energy": 18.790423,
        "activity_lines": [
          13.030236,
          13.020834,
          13.006231,
          12.997815
        ]
      },
      {
        "date": "2025-06-27",
        "close": 13.101255,
        "volume": 253672,
        "typical_volume": 252233.45,
        "trend": 12.975895,
        "fair_value": 12.417414,
        "relative_strength": -6.480838,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 47.464113,
        "energy": 25.817351,
        "activity_lines": [
          13.059347,
          13.038842,
          13.013456,
          13.005848
        ]
      },
      {
        "date": "2025-07-04",
        "close": 13.168441,
        "volume": 234212,
        "typical_volume": 251683.1,
        "trend": 12.979477,
        "fair_value": 12.423572,
        "relative_strength": -7.41003,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 53.161553,
        "energy": 36.640539,
        "activity_lines": [
          13.103282,
          13.063567,
          13.026789,
          13.018271
        ]
      },
      {
        "date": "2025-07-11",
        "close": 13.101255,
        "volume": 256339,
        "typical_volume": 251790.3,
        "trend": 12.985548,
        "fair_value": 12.429085,
        "relative_strength": -7.460371,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 49.582738,
        "energy": 39.825991,
        "activity_lines": [
          13.112133,
          13.07421,
          13.033332,
          13.026127
        ]
      },
      {
        "date": "2025-07-18",
        "close": 13.090149,
        "volume": 220431,
        "typical_volume": 255744.1,
        "trend": 13.00315,
        "fair_value": 12.434387,
        "relative_strength": -7.92914,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 49.224283,
        "energy": 36.543638,
        "activity_lines": [
          13.10971,
          13.0808,
          13.039195,
          13.032876
        ]
      },
      {
        "date": "2025-07-25",
        "close": 13.090149,
        "volume": 140685,
        "typical_volume": 253186.1,
        "trend": 13.016994,
        "fair_value": 12.437292,
        "relative_strength": -9.057426,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 47.649162,
        "energy": 32.280372,
        "activity_lines": [
          13.10355,
          13.086601,
          13.045714,
          13.038489
        ]
      },
      {
        "date": "2025-08-01",
        "close": 13.27316,
        "volume": 140847,
        "typical_volume": 251178.95,
        "trend": 13.031614,
        "fair_value": 12.442086,
        "relative_strength": -5.248235,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 64.364491,
        "energy": 45.206421,
        "activity_lines": [
          13.157853,
          13.124978,
          13.069823,
          13.055015
        ]
      },
      {
        "date": "2025-08-08",
        "close": 13.207661,
        "volume": 205977,
        "typical_volume": 247448.9,
        "trend": 13.044364,
        "fair_value": 12.446136,
        "relative_strength": -7.703576,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.052189,
        "energy": 44.952929,
        "activity_lines": [
          13.178863,
          13.146255,
          13.086302,
          13.066373
        ]
      },
      {
        "date": "2025-08-15",
        "close": 13.223554,
        "volume": 215888,
        "typical_volume": 243856.2,
        "trend": 13.054872,
        "fair_value": 12.453328,
        "relative_strength": -8.245058,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.879945,
        "energy": 51.116666,
        "activity_lines": [
          13.202556,
          13.166249,
          13.104026,
          13.077934
        ]
      },
      {
        "date": "2025-08-22",
        "close": 13.204222,
        "volume": 247751,
        "typical_volume": 242446.85,
        "trend": 13.064735,
        "fair_value": 12.460673,
        "relative_strength": -8.405042,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 54.417503,
        "energy": 51.516899,
        "activity_lines": [
          13.211652,
          13.178439,
          13.119114,
          13.087569
        ]
      },
      {
        "date": "2025-08-29",
        "close": 13.252553,
        "volume": 172501,
        "typical_volume": 227098.05,
        "trend": 13.074009,
        "fair_value": 12.468382,
        "relative_strength": -7.810538,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.736637,
        "energy": 47.807681,
        "activity_lines": [
          13.229253,
          13.196323,
          13.138417,
          13.099687
        ]
      },
      {
        "date": "2025-09-05",
        "close": 13.474879,
        "volume": 184480,
        "typical_volume": 225744.9,
        "trend": 13.088495,
        "fair_value": 12.478015,
        "relative_strength": -6.279932,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.878439,
        "energy": 65.236313,
        "activity_lines": [
          13.310136,
          13.251531,
          13.175384,
          13.125549
        ]
      },
      {
        "date": "2025-09-12",
        "close": 13.619874,
        "volume": 188907,
        "typical_volume": 220005.3,
        "trend": 13.106289,
        "fair_value": 12.490576,
        "relative_strength": -6.473062,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.404763,
        "energy": 79.23913,
        "activity_lines": [
          13.425903,
          13.326307,
          13.222941,
          13.159832
        ]
      },
      {
        "date": "2025-09-19",
        "close": 13.627991,
        "volume": 196116,
        "typical_volume": 212235.4,
        "trend": 13.121199,
        "fair_value": 12.504188,
        "relative_strength": -7.311364,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.887059,
        "energy": 83.37364,
        "activity_lines": [
          13.516894,
          13.394352,
          13.268632,
          13.19349
        ]
      },
      {
        "date": "2025-09-26",
        "close": 13.589192,
        "volume": 223150,
        "typical_volume": 205452.3,
        "trend": 13.133239,
        "fair_value": 12.518494,
        "relative_strength": -7.086207,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.950213,
        "energy": 81.684835,
        "activity_lines": [
          13.56799,
          13.445765,
          13.307588,
          13.223683
        ]
      },
      {
        "date": "2025-10-03",
        "close": 13.783185,
        "volume": 144007,
        "typical_volume": 203661.2,
        "trend": 13.155215,
        "fair_value": 12.532879,
        "relative_strength": -6.571637,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.366574,
        "energy": 88.434153,
        "activity_lines": [
          13.658086,
          13.523376,
          13.362435,
          13.265615
        ]
      },
      {
        "date": "2025-10-10",
        "close": 13.938379,
        "volume": 153211,
        "typical_volume": 197212.9,
        "trend": 13.187143,
        "fair_value": 12.549513,
        "relative_strength": -3.019482,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.606254,
        "energy": 91.495598,
        "activity_lines": [
          13.764538,
          13.616604,
          13.42858,
          13.316142
        ]
      },
      {
        "date": "2025-10-17",
        "close": 13.790711,
        "volume": 106633,
        "typical_volume": 189134.45,
        "trend": 13.208451,
        "fair_value": 12.565339,
        "relative_strength": -5.502088,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.475207,
        "energy": 75.689966,
        "activity_lines": [
          13.790867,
          13.670888,
          13.476135,
          13.355082
        ]
      },
      {
        "date": "2025-10-24",
        "close": 13.975625,
        "volume": 124982,
        "typical_volume": 186459.5,
        "trend": 13.239088,
        "fair_value": 12.582128,
        "relative_strength": -5.881743,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.20817,
        "energy": 80.077421,
        "activity_lines": [
          13.867445,
          13.748192,
          13.53743,
          13.404577
        ]
      },
      {
        "date": "2025-10-31",
        "close": 13.99509,
        "volume": 138419,
        "typical_volume": 183966.1,
        "trend": 13.268158,
        "fair_value": 12.598709,
        "relative_strength": -6.229904,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.27587,
        "energy": 66.056967,
        "activity_lines": [
          13.927335,
          13.815361,
          13.595875,
          13.453351
        ]
      },
      {
        "date": "2025-11-07",
        "close": 13.926963,
        "volume": 125943,
        "typical_volume": 183707.55,
        "trend": 13.315214,
        "fair_value": 12.613518,
        "relative_strength": -5.023773,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.09588,
        "energy": 59.07608,
        "activity_lines": [
          13.937457,
          13.855763,
          13.643256,
          13.495855
        ]
      },
      {
        "date": "2025-11-14",
        "close": 13.896306,
        "volume": 129339,
        "typical_volume": 177490.9,
        "trend": 13.351795,
        "fair_value": 12.627241,
        "relative_strength": -5.243299,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.786042,
        "energy": 54.847134,
        "activity_lines": [
          13.927774,
          13.87833,
          13.683693,
          13.533344
        ]
      },
      {
        "date": "2025-11-21",
        "close": 13.837713,
        "volume": 135591,
        "typical_volume": 172559.85,
        "trend": 13.377528,
        "fair_value": 12.639723,
        "relative_strength": -3.709506,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.90558,
        "energy": 47.233791,
        "activity_lines": [
          13.901366,
          13.882581,
          13.714764,
          13.564694
        ]
      },
      {
        "date": "2025-11-28",
        "close": 13.827948,
        "volume": 99951,
        "typical_volume": 164740.45,
        "trend": 13.405477,
        "fair_value": 12.65206,
        "relative_strength": -7.058674,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.485445,
        "energy": 35.903628,
        "activity_lines": [
          13.868568,
          13.881096,
          13.741718,
          13.593753
        ]
      },
      {
        "date": "2025-12-05",
        "close": 13.993961,
        "volume": 326441,
        "typical_volume": 170040.95,
        "trend": 13.437053,
        "fair_value": 12.665293,
        "relative_strength": -6.147248,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 54.472255,
        "energy": 38.883553,
        "activity_lines": [
          13.900954,
          13.90616,
          13.781022,
          13.63172
        ]
      },
      {
        "date": "2025-12-12",
        "close": 14.013492,
        "volume": 153667,
        "typical_volume": 170690.05,
        "trend": 13.469111,
        "fair_value": 12.678602,
        "relative_strength": -5.383632,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 62.732643,
        "energy": 43.177534,
        "activity_lines": [
          13.939925,
          13.927415,
          13.817883,
          13.66891
        ]
      },
      {
        "date": "2025-12-19",
        "close": 14.080751,
        "volume": 163062,
        "typical_volume": 171800.8,
        "trend": 13.505546,
        "fair_value": 12.692622,
        "relative_strength": -4.976253,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.141402,
        "energy": 47.371444,
        "activity_lines": [
          13.995548,
          13.956712,
          13.856752,
          13.70837
        ]
      },
      {
        "date": "2025-12-26",
        "close": 14.09055,
        "volume": 138562,
        "typical_volume": 168430.05,
        "trend": 13.542627,
        "fair_value": 12.706817,
        "relative_strength": -6.154607,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.404462,
        "energy": 53.192431,
        "activity_lines": [
          14.04214,
          13.985202,
          13.892709,
          13.746113
        ]
      },
      {
        "date": "2026-01-02",
        "close": 14.061154,
        "volume": 145166,
        "typical_volume": 164893.95,
        "trend": 13.57841,
        "fair_value": 12.719537,
        "relative_strength": -5.258255,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.03362,
        "energy": 51.530071,
        "activity_lines": [
          14.062078,
          14.002895,
          13.921662,
          13.779566
        ]
      },
      {
        "date": "2026-01-09",
        "close": 14.139544,
        "volume": 191762,
        "typical_volume": 162094.5,
        "trend": 13.615259,
        "fair_value": 12.732487,
        "relative_strength": -6.061555,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.636773,
        "energy": 53.736531,
        "activity_lines": [
          14.092599,
          14.033286,
          13.954092,
          13.815768
        ]
      },
      {
        "date": "2026-01-16",
        "close": 14.128209,
        "volume": 159767,
        "typical_volume": 161457.8,
        "trend": 13.650131,
        "fair_value": 12.742671,
        "relative_strength": -5.690435,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.368261,
        "energy": 50.881019,
        "activity_lines": [
          14.109636,
          14.05899,
          13.980989,
          13.848862
        ]
      },
      {
        "date": "2026-01-23",
        "close": 14.010228,
        "volume": 126060,
        "typical_volume": 158536.8,
        "trend": 13.68043,
        "fair_value": 12.753166,
        "relative_strength": -6.052078,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.881339,
        "energy": 40.749064,
        "activity_lines": [
          14.079698,
          14.059584,
          13.99248,
          13.872094
        ]
      },
      {
        "date": "2026-01-30",
        "close": 14.256022,
        "volume": 176604,
        "typical_volume": 157921.65,
        "trend": 13.716682,
        "fair_value": 12.763889,
        "relative_strength": -4.679987,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.280007,
        "energy": 50.599868,
        "activity_lines": [
          14.136393,
          14.102796,
          14.02483,
          13.909229
        ]
      },
      {
        "date": "2026-02-06",
        "close": 14.228493,
        "volume": 139828,
        "typical_volume": 155107.25,
        "trend": 13.754257,
        "fair_value": 12.775053,
        "relative_strength": -4.562797,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.696332,
        "energy": 48.942742,
        "activity_lines": [
          14.17288,
          14.133397,
          14.051529,
          13.942249
        ]
      },
      {
        "date": "2026-02-13",
        "close": 14.234883,
        "volume": 177137,
        "typical_volume": 152806.6,
        "trend": 13.792415,
        "fair_value": 12.787387,
        "relative_strength": -3.205724,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.717019,
        "energy": 49.070317,
        "activity_lines": [
          14.200341,
          14.157878,
          14.075978,
          13.973257
        ]
      },
      {
        "date": "2026-02-20",
        "close": 14.1461,
        "volume": 154971,
        "typical_volume": 153354.8,
        "trend": 13.827613,
        "fair_value": 12.800952,
        "relative_strength": -4.735845,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.417187,
        "energy": 49.167591,
        "activity_lines": [
          14.191852,
          14.161835,
          14.088896,
          13.996075
        ]
      },
      {
        "date": "2026-02-27",
        "close": 14.244748,
        "volume": 196806,
        "typical_volume": 155534.55,
        "trend": 13.859999,
        "fair_value": 12.814643,
        "relative_strength": -3.438904,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.539312,
        "energy": 43.62624,
        "activity_lines": [
          14.215053,
          14.181318,
          14.109481,
          14.022987
        ]
      },
      {
        "date": "2026-03-06",
        "close": 14.18556,
        "volume": 108076,
        "typical_volume": 155606.7,
        "trend": 13.892596,
        "fair_value": 12.828855,
        "relative_strength": -1.721707,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.173128,
        "energy": 36.723831,
        "activity_lines": [
          14.20289,
          14.187057,
          14.12297,
          14.043991
        ]
      },
      {
        "date": "2026-03-13",
        "close": 14.11108,
        "volume": 112627,
        "typical_volume": 154988.95,
        "trend": 13.92218,
        "fair_value": 12.841469,
        "relative_strength": -0.567712,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 40.555245,
        "energy": 24.871845,
        "activity_lines": [
          14.170598,
          14.177528,
          14.127485,
          14.058087
        ]
      },
      {
        "date": "2026-03-20",
        "close": 14.085345,
        "volume": 166415,
        "typical_volume": 156388.75,
        "trend": 13.951551,
        "fair_value": 12.854144,
        "relative_strength": 1.239834,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.542234,
        "energy": 19.205812,
        "activity_lines": [
          14.137555,
          14.162411,
          14.128905,
          14.068614
        ]
      },
      {
        "date": "2026-03-27",
        "close": 13.748801,
        "volume": 247228,
        "typical_volume": 162453.0,
        "trend": 13.968093,
        "fair_value": 12.864606,
        "relative_strength": 1.266755,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -10.71401,
        "energy": 16.750319,
        "activity_lines": [
          14.0023,
          14.08709,
          14.097843,
          14.055533
        ]
      },
      {
        "date": "2026-04-03",
        "close": 14.23382,
        "volume": 273484,
        "typical_volume": 169660.25,
        "trend": 13.993391,
        "fair_value": 12.877104,
        "relative_strength": 1.781276,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.307356,
        "energy": 17.130165,
        "activity_lines": [
          14.055204,
          14.106852,
          14.113821,
          14.072677
        ]
      },
      {
        "date": "2026-04-10",
        "close": 14.41199,
        "volume": 164051,
        "typical_volume": 171083.25,
        "trend": 14.019794,
        "fair_value": 12.89125,
        "relative_strength": -0.304166,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 58.827557,
        "energy": 23.742126,
        "activity_lines": [
          14.168227,
          14.154944,
          14.145161,
          14.099683
        ]
      },
      {
        "date": "2026-04-17",
        "close": 14.470161,
        "volume": 183706,
        "typical_volume": 175271.0,
        "trend": 14.047867,
        "fair_value": 12.905428,
        "relative_strength": -3.85992,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 62.491669,
        "energy": 36.774629,
        "activity_lines": [
          14.285545,
          14.210777,
          14.179307,
          14.128739
        ]
      },
      {
        "date": "2026-04-24",
        "close": 14.182148,
        "volume": 160777,
        "typical_volume": 166987.8,
        "trend": 14.067632,
        "fair_value": 12.9181,
        "relative_strength": -5.921975,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 49.691064,
        "energy": 36.448742,
        "activity_lines": [
          14.28292,
          14.209849,
          14.182964,
          14.137402
        ]
      },
      {
        "date": "2026-05-01",
        "close": 13.943792,
        "volume": 180915,
        "typical_volume": 168350.2,
        "trend": 14.072986,
        "fair_value": 12.929131,
        "relative_strength": -8.043361,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 29.355929,
        "energy": 19.299986,
        "activity_lines": [
          14.194389,
          14.166543,
          14.163025,
          14.129413
        ]
      },
      {
        "date": "2026-05-08",
        "close": 13.933861,
        "volume": 437797,
        "typical_volume": 182086.95,
        "trend": 14.072835,
        "fair_value": 12.940152,
        "relative_strength": -9.852734,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 5.43798,
        "energy": 5.579849,
        "activity_lines": [
          14.089549,
          14.12511,
          14.142472,
          14.120437
        ]
      },
      {
        "date": "2026-05-15",
        "close": 13.862851,
        "volume": 261979,
        "typical_volume": 188257.8,
        "trend": 14.07524,
        "fair_value": 12.951285,
        "relative_strength": -10.214903,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -20.42968,
        "energy": 22.645961,
        "activity_lines": [
          13.981035,
          14.076418,
          14.115855,
          14.10689
        ]
      },
      {
        "date": "2026-05-22",
        "close": 13.902715,
        "volume": 320860,
        "typical_volume": 197042.5,
        "trend": 14.072809,
        "fair_value": 12.962107,
        "relative_strength": -10.404884,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -27.473497,
        "energy": 32.153981,
        "activity_lines": [
          13.92242,
          14.040842,
          14.09412,
          14.095759
        ]
      },
      {
        "date": "2026-05-29",
        "close": 14.151868,
        "volume": 278819,
        "typical_volume": 201395.35,
        "trend": 14.078035,
        "fair_value": 12.973901,
        "relative_strength": -9.809007,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -17.83919,
        "energy": 24.305373,
        "activity_lines": [
          13.984684,
          14.054354,
          14.096867,
          14.100859
        ]
      },
      {
        "date": "2026-06-05",
        "close": 13.882783,
        "volume": 231823,
        "typical_volume": 204998.15,
        "trend": 14.076563,
        "fair_value": 12.985105,
        "relative_strength": -8.991248,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -27.62467,
        "energy": 28.173461,
        "activity_lines": [
          13.959273,
          14.017733,
          14.073929,
          14.088263
        ]
      },
      {
        "date": "2026-06-12",
        "close": 14.114362,
        "volume": 264319,
        "typical_volume": 211911.1,
        "trend": 14.083831,
        "fair_value": 12.998473,
        "relative_strength": -7.734993,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -14.025539,
        "energy": 8.371479,
        "activity_lines": [
          14.015122,
          14.020781,
          14.074215,
          14.090701
        ]
      },
      {
        "date": "2026-06-19",
        "close": 14.242098,
        "volume": 131608,
        "typical_volume": 209661.3,
        "trend": 14.097311,
        "fair_value": 13.012147,
        "relative_strength": -7.483253,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 10.131529,
        "energy": 8.697219,
        "activity_lines": [
          14.101516,
          14.049225,
          14.08617,
          14.100912
        ]
      },
      {
        "date": "2026-06-26",
        "close": 14.262031,
        "volume": 147823,
        "typical_volume": 210061.05,
        "trend": 14.11178,
        "fair_value": 13.025436,
        "relative_strength": -4.922568,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 4.190102,
        "energy": 9.044272,
        "activity_lines": [
          14.169271,
          14.084383,
          14.10009,
          14.111539
        ]
      },
      {
        "date": "2026-07-03",
        "close": 14.35173,
        "volume": 163794,
        "typical_volume": 209393.9,
        "trend": 14.123706,
        "fair_value": 13.039358,
        "relative_strength": -6.175779,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 32.928968,
        "energy": 29.130199,
        "activity_lines": [
          14.242972,
          14.139634,
          14.122393,
          14.12702
        ]
      },
      {
        "date": "2026-07-10",
        "close": 14.311864,
        "volume": 295304,
        "typical_volume": 216410.55,
        "trend": 14.133651,
        "fair_value": 13.052398,
        "relative_strength": -7.499049,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 55.417133,
        "energy": 49.478462,
        "activity_lines": [
          14.290059,
          14.184553,
          14.140342,
          14.139159
        ]
      },
      {
        "date": "2026-07-17",
        "close": 14.34,
        "volume": 180984,
        "typical_volume": 215619.45,
        "trend": 14.142293,
        "fair_value": 13.066189,
        "relative_strength": -5.704362,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.906227,
        "energy": 53.440708,
        "activity_lines": [
          14.31792,
          14.227895,
          14.160182,
          14.152472
        ]
      },
      {
        "date": "2026-07-24",
        "close": 13.98,
        "volume": 274365,
        "typical_volume": 223933.9,
        "trend": 14.138608,
        "fair_value": 13.075561,
        "relative_strength": -7.367748,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 35.074013,
        "energy": 20.487577,
        "activity_lines": [
          14.210739,
          14.198399,
          14.145283,
          14.142001
        ]
      },
      {
        "date": "2026-07-31",
        "close": 13.96,
        "volume": 208802,
        "typical_volume": 228742.65,
        "trend": 14.135236,
        "fair_value": 13.088001,
        "relative_strength": -8.252912,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -19.952964,
        "energy": 11.2155,
        "activity_lines": [
          14.114364,
          14.163136,
          14.129458,
          14.130478
        ]
      },
      {
        "date": "2026-08-07",
        "close": 14.02,
        "volume": 205749,
        "typical_volume": 230709.35,
        "trend": 14.131251,
        "fair_value": 13.099798,
        "relative_strength": -10.745964,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -18.097074,
        "energy": 17.46784,
        "activity_lines": [
          14.058124,
          14.137741,
          14.120066,
          14.123044
        ]
      }
    ],
    "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."
    }
  }
}