{
  "ticker": {
    "uuid": "62d587d7-3705-471a-a943-16acf1eecad9",
    "symbol": "XZL",
    "name": "Acrophyte Hospitality Trust",
    "exchange": "SES",
    "country": "SG",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^STI",
    "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": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -2.916,
    "architecture_energy": 23.21,
    "architecture_maturity": 72.853,
    "architecture_confidence": 55.971,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 58.09,
        "rotation_up": 44.17,
        "upward_expansion": 33.73,
        "deceleration": 46.42,
        "rotation_down": 14.86,
        "downward_expansion": 42.07
      },
      "activity_lines": [
        0.231667,
        0.220673,
        0.217938,
        0.223604
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 0.22,
    "trend_reference": 0.231759,
    "distance_from_trend": -0.050738,
    "trend_direction": "Weakening",
    "fair_value": 0.233192,
    "distance_from_fair_value": -0.05657,
    "fair_value_direction": "Weakening",
    "relative_strength": -25.249984,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.134992,
    "excess_performance": -0.289827,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.050738,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.052093,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.05657,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.006946,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.2525,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.03522,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.134992,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.70658,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 8829400,
      "relative_activity": 6.599447,
      "balance": 0.70658,
      "dry_up": 2.589338,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.095455,
      "annualized_volatility": 0.364253,
      "from_high_reference": -0.297181,
      "from_low_reference": 0.271676
    },
    "levels": {
      "trend_reference": 0.231759,
      "fair_value_reference": 0.233192,
      "structural_low": 0.173,
      "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": 31,
        "median_return": 0.010638,
        "positive_rate": 0.548387,
        "directional_follow_through": 0.387097,
        "median_excess_return": -0.017508,
        "regime_survival": 0.806452,
        "best_return": 0.234045,
        "worst_return": -0.189657,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": -0.01861,
        "positive_rate": 0.363636,
        "directional_follow_through": 0.636364,
        "median_excess_return": -0.088542,
        "regime_survival": 0.545455,
        "best_return": 0.155914,
        "worst_return": -0.191489,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.055806,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.143389,
        "regime_survival": 0.5,
        "best_return": 0.030555,
        "worst_return": -0.25532,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.079328,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.148568,
        "regime_survival": 0.75,
        "best_return": 0.246333,
        "worst_return": -0.208865,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2023-12-29",
        "end": "2024-01-26",
        "tenure": "Developing",
        "return": -0.049181,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-02-02",
        "end": "2024-03-15",
        "tenure": "Developing",
        "return": 0.020168,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-03-22",
        "end": "2024-05-31",
        "tenure": "Developing",
        "return": -0.035088,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-06-07",
        "end": "2024-08-02",
        "tenure": "Developing",
        "return": 0.074074,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-08-09",
        "end": "2024-08-23",
        "tenure": "New",
        "return": -0.001482,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-30",
        "end": "2025-01-31",
        "tenure": "Established",
        "return": -0.065214,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-07",
        "end": "2025-05-23",
        "tenure": "Established",
        "return": 0.150161,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-05-30",
        "end": "2025-09-26",
        "tenure": "Established",
        "return": 0.019072,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-03",
        "end": "2025-10-24",
        "tenure": "New",
        "return": -0.037736,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-10-31",
        "end": "2025-11-14",
        "tenure": "New",
        "return": -0.018518,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-21",
        "end": "2025-11-28",
        "tenure": "New",
        "return": 0.019608,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-05",
        "end": "2026-04-03",
        "tenure": "Established",
        "return": 0.022282,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-10",
        "end": "2026-05-15",
        "tenure": "Developing",
        "return": -0.156863,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-05-22",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.073171,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 0.263248,
        "volume": 755600,
        "typical_volume": 552420.0,
        "trend": 0.265167,
        "fair_value": 0.313479,
        "relative_strength": 0.028109,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -5.12822,
        "energy": 11.59758,
        "activity_lines": [
          0.261847,
          0.258186,
          0.256701,
          0.25998
        ]
      },
      {
        "date": "2023-08-25",
        "close": 0.259259,
        "volume": 269400,
        "typical_volume": 562120.0,
        "trend": 0.264579,
        "fair_value": 0.31354,
        "relative_strength": -1.490936,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -7.198431,
        "energy": 11.878656,
        "activity_lines": [
          0.261178,
          0.258855,
          0.256804,
          0.259598
        ]
      },
      {
        "date": "2023-09-01",
        "close": 0.255271,
        "volume": 166700,
        "typical_volume": 534365.0,
        "trend": 0.263858,
        "fair_value": 0.313554,
        "relative_strength": -3.819563,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -14.756016,
        "energy": 9.371925,
        "activity_lines": [
          0.259405,
          0.258656,
          0.256579,
          0.258998
        ]
      },
      {
        "date": "2023-09-08",
        "close": 0.255271,
        "volume": 113900,
        "typical_volume": 525870.0,
        "trend": 0.263374,
        "fair_value": 0.313658,
        "relative_strength": -2.635215,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -27.533772,
        "energy": 12.368341,
        "activity_lines": [
          0.257624,
          0.258386,
          0.25639,
          0.258444
        ]
      },
      {
        "date": "2023-09-15",
        "close": 0.243305,
        "volume": 348500,
        "typical_volume": 512075.0,
        "trend": 0.262491,
        "fair_value": 0.31382,
        "relative_strength": -8.802867,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -49.631882,
        "energy": 29.186028,
        "activity_lines": [
          0.252346,
          0.255939,
          0.255132,
          0.257149
        ]
      },
      {
        "date": "2023-09-22",
        "close": 0.22735,
        "volume": 157900,
        "typical_volume": 458790.0,
        "trend": 0.260366,
        "fair_value": 0.313993,
        "relative_strength": -12.297869,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -77.563538,
        "energy": 67.662483,
        "activity_lines": [
          0.243039,
          0.250465,
          0.252464,
          0.254882
        ]
      },
      {
        "date": "2023-09-29",
        "close": 0.231339,
        "volume": 360100,
        "typical_volume": 434700.0,
        "trend": 0.258197,
        "fair_value": 0.314079,
        "relative_strength": -10.805295,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.277166,
        "energy": 73.671733,
        "activity_lines": [
          0.237455,
          0.246221,
          0.250344,
          0.253009
        ]
      },
      {
        "date": "2023-10-06",
        "close": 0.215385,
        "volume": 1102100,
        "typical_volume": 465075.0,
        "trend": 0.255621,
        "fair_value": 0.314152,
        "relative_strength": -15.492702,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -84.672352,
        "energy": 84.231697,
        "activity_lines": [
          0.228414,
          0.239646,
          0.246872,
          0.250247
        ]
      },
      {
        "date": "2023-10-13",
        "close": 0.211396,
        "volume": 948800,
        "typical_volume": 486495.0,
        "trend": 0.253287,
        "fair_value": 0.314155,
        "relative_strength": -16.978774,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -82.889281,
        "energy": 88.888067,
        "activity_lines": [
          0.220703,
          0.233069,
          0.243209,
          0.247394
        ]
      },
      {
        "date": "2023-10-20",
        "close": 0.191453,
        "volume": 1002200,
        "typical_volume": 534225.0,
        "trend": 0.250664,
        "fair_value": 0.314008,
        "relative_strength": -21.740972,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -91.178549,
        "energy": 95.350096,
        "activity_lines": [
          0.209269,
          0.223797,
          0.237855,
          0.243405
        ]
      },
      {
        "date": "2023-10-27",
        "close": 0.187464,
        "volume": 681900,
        "typical_volume": 514575.0,
        "trend": 0.248033,
        "fair_value": 0.313947,
        "relative_strength": -22.53842,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -87.227633,
        "energy": 94.671219,
        "activity_lines": [
          0.199962,
          0.215095,
          0.232406,
          0.239327
        ]
      },
      {
        "date": "2023-11-03",
        "close": 0.195442,
        "volume": 544800,
        "typical_volume": 514195.0,
        "trend": 0.245542,
        "fair_value": 0.313916,
        "relative_strength": -20.990677,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.166171,
        "energy": 88.25953,
        "activity_lines": [
          0.195973,
          0.20922,
          0.228004,
          0.235934
        ]
      },
      {
        "date": "2023-11-10",
        "close": 0.215385,
        "volume": 1052300,
        "typical_volume": 561620.0,
        "trend": 0.243967,
        "fair_value": 0.313809,
        "relative_strength": -11.632004,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.770047,
        "energy": 67.97417,
        "activity_lines": [
          0.201026,
          0.208133,
          0.225768,
          0.233989
        ]
      },
      {
        "date": "2023-11-17",
        "close": 0.211396,
        "volume": 583000,
        "typical_volume": 551405.0,
        "trend": 0.242008,
        "fair_value": 0.313519,
        "relative_strength": -13.47716,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.760913,
        "energy": 53.740382,
        "activity_lines": [
          0.204748,
          0.207045,
          0.223323,
          0.231887
        ]
      },
      {
        "date": "2023-11-24",
        "close": 0.231339,
        "volume": 1128900,
        "typical_volume": 560410.0,
        "trend": 0.24084,
        "fair_value": 0.312951,
        "relative_strength": -4.228923,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -42.03643,
        "energy": 28.451045,
        "activity_lines": [
          0.215119,
          0.210381,
          0.222986,
          0.231199
        ]
      },
      {
        "date": "2023-12-01",
        "close": 0.231339,
        "volume": 241900,
        "typical_volume": 553705.0,
        "trend": 0.239796,
        "fair_value": 0.31236,
        "relative_strength": -3.92773,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -29.423525,
        "energy": 27.585752,
        "activity_lines": [
          0.22283,
          0.213934,
          0.222673,
          0.230586
        ]
      },
      {
        "date": "2023-12-08",
        "close": 0.223362,
        "volume": 551300,
        "typical_volume": 556105.0,
        "trend": 0.238362,
        "fair_value": 0.311606,
        "relative_strength": -7.691307,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -26.188979,
        "energy": 26.041094,
        "activity_lines": [
          0.224957,
          0.215965,
          0.221714,
          0.229526
        ]
      },
      {
        "date": "2023-12-15",
        "close": 0.247293,
        "volume": 1625300,
        "typical_volume": 624945.0,
        "trend": 0.2381,
        "fair_value": 0.31096,
        "relative_strength": 1.969351,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 1.815355,
        "energy": 20.704663,
        "activity_lines": [
          0.2332,
          0.222492,
          0.22322,
          0.230102
        ]
      },
      {
        "date": "2023-12-22",
        "close": 0.243305,
        "volume": 949500,
        "typical_volume": 662100.0,
        "trend": 0.237705,
        "fair_value": 0.310469,
        "relative_strength": -0.411588,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 24.866155,
        "energy": 30.421514,
        "activity_lines": [
          0.237987,
          0.227713,
          0.224385,
          0.230438
        ]
      },
      {
        "date": "2023-12-29",
        "close": 0.243305,
        "volume": 965800,
        "typical_volume": 677495.0,
        "trend": 0.237436,
        "fair_value": 0.310046,
        "relative_strength": -3.451497,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 25.295452,
        "energy": 31.503357,
        "activity_lines": [
          0.240646,
          0.232354,
          0.225641,
          0.230799
        ]
      },
      {
        "date": "2024-01-05",
        "close": 0.239316,
        "volume": 218500,
        "typical_volume": 650640.0,
        "trend": 0.237158,
        "fair_value": 0.309191,
        "relative_strength": -3.323021,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 22.454347,
        "energy": 37.898351,
        "activity_lines": [
          0.241178,
          0.235328,
          0.22661,
          0.23092
        ]
      },
      {
        "date": "2024-01-12",
        "close": 0.247293,
        "volume": 438400,
        "typical_volume": 659090.0,
        "trend": 0.237022,
        "fair_value": 0.308365,
        "relative_strength": -0.329798,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 27.637301,
        "energy": 46.347712,
        "activity_lines": [
          0.243836,
          0.238808,
          0.228452,
          0.231574
        ]
      },
      {
        "date": "2024-01-19",
        "close": 0.231339,
        "volume": 762900,
        "typical_volume": 688900.0,
        "trend": 0.236354,
        "fair_value": 0.307526,
        "relative_strength": -5.444712,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 18.208104,
        "energy": 20.766766,
        "activity_lines": [
          0.239582,
          0.238446,
          0.228832,
          0.231208
        ]
      },
      {
        "date": "2024-01-26",
        "close": 0.231339,
        "volume": 572800,
        "typical_volume": 711845.0,
        "trend": 0.23556,
        "fair_value": 0.306868,
        "relative_strength": -5.465575,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 3.797899,
        "energy": 8.861331,
        "activity_lines": [
          0.236391,
          0.237793,
          0.229326,
          0.230884
        ]
      },
      {
        "date": "2024-02-02",
        "close": 0.235328,
        "volume": 639300,
        "typical_volume": 726385.0,
        "trend": 0.235525,
        "fair_value": 0.306168,
        "relative_strength": -4.261965,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 0.31151,
        "energy": 4.468017,
        "activity_lines": [
          0.235328,
          0.237503,
          0.230313,
          0.230869
        ]
      },
      {
        "date": "2024-02-09",
        "close": 0.22735,
        "volume": 421000,
        "typical_volume": 739540.0,
        "trend": 0.234599,
        "fair_value": 0.305462,
        "relative_strength": -6.102382,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -4.619561,
        "energy": 13.008235,
        "activity_lines": [
          0.232137,
          0.23569,
          0.230579,
          0.230342
        ]
      },
      {
        "date": "2024-02-16",
        "close": 0.211396,
        "volume": 818100,
        "typical_volume": 762440.0,
        "trend": 0.23289,
        "fair_value": 0.304608,
        "relative_strength": -14.629286,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -46.868197,
        "energy": 33.330084,
        "activity_lines": [
          0.224425,
          0.231049,
          0.229326,
          0.228845
        ]
      },
      {
        "date": "2024-02-23",
        "close": 0.235328,
        "volume": 2858600,
        "typical_volume": 850265.0,
        "trend": 0.23223,
        "fair_value": 0.303908,
        "relative_strength": -3.502267,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -17.14129,
        "energy": 16.783685,
        "activity_lines": [
          0.227085,
          0.230976,
          0.230446,
          0.229002
        ]
      },
      {
        "date": "2024-03-01",
        "close": 0.244439,
        "volume": 2852100,
        "typical_volume": 945430.0,
        "trend": 0.231623,
        "fair_value": 0.303267,
        "relative_strength": 2.157869,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 17.022975,
        "energy": 11.02734,
        "activity_lines": [
          0.232515,
          0.232778,
          0.23234,
          0.22979
        ]
      },
      {
        "date": "2024-03-08",
        "close": 0.240074,
        "volume": 556700,
        "typical_volume": 923155.0,
        "trend": 0.23087,
        "fair_value": 0.302529,
        "relative_strength": 0.372651,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 21.902279,
        "energy": 13.194195,
        "activity_lines": [
          0.235617,
          0.233765,
          0.23366,
          0.230335
        ]
      },
      {
        "date": "2024-03-15",
        "close": 0.240074,
        "volume": 297600,
        "typical_volume": 903940.0,
        "trend": 0.230098,
        "fair_value": 0.301634,
        "relative_strength": -0.123769,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 53.411496,
        "energy": 41.271162,
        "activity_lines": [
          0.238402,
          0.234812,
          0.234749,
          0.230929
        ]
      },
      {
        "date": "2024-03-22",
        "close": 0.248804,
        "volume": 229300,
        "typical_volume": 888165.0,
        "trend": 0.229749,
        "fair_value": 0.300795,
        "relative_strength": 2.23611,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.23223,
        "energy": 63.272535,
        "activity_lines": [
          0.24325,
          0.237431,
          0.236419,
          0.232136
        ]
      },
      {
        "date": "2024-03-29",
        "close": 0.248804,
        "volume": 560300,
        "typical_volume": 863565.0,
        "trend": 0.229534,
        "fair_value": 0.300046,
        "relative_strength": 2.163373,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.87034,
        "energy": 64.987589,
        "activity_lines": [
          0.245603,
          0.240023,
          0.237834,
          0.233365
        ]
      },
      {
        "date": "2024-04-05",
        "close": 0.248804,
        "volume": 635700,
        "typical_volume": 866200.0,
        "trend": 0.229318,
        "fair_value": 0.299275,
        "relative_strength": 2.464386,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.033824,
        "energy": 63.983034,
        "activity_lines": [
          0.247058,
          0.242298,
          0.239091,
          0.234608
        ]
      },
      {
        "date": "2024-04-12",
        "close": 0.244439,
        "volume": 224300,
        "typical_volume": 820970.0,
        "trend": 0.229356,
        "fair_value": 0.298543,
        "relative_strength": 0.799961,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.422402,
        "energy": 53.638136,
        "activity_lines": [
          0.246767,
          0.243461,
          0.239753,
          0.235584
        ]
      },
      {
        "date": "2024-04-19",
        "close": 0.240074,
        "volume": 431700,
        "typical_volume": 830460.0,
        "trend": 0.22978,
        "fair_value": 0.297783,
        "relative_strength": 0.406308,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.995272,
        "energy": 34.587546,
        "activity_lines": [
          0.24473,
          0.243666,
          0.239938,
          0.236275
        ]
      },
      {
        "date": "2024-04-26",
        "close": 0.244439,
        "volume": 429500,
        "typical_volume": 824370.0,
        "trend": 0.230217,
        "fair_value": 0.296984,
        "relative_strength": -0.821065,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 42.65098,
        "energy": 26.241804,
        "activity_lines": [
          0.244148,
          0.244432,
          0.240496,
          0.237221
        ]
      },
      {
        "date": "2024-05-03",
        "close": 0.244439,
        "volume": 109000,
        "typical_volume": 748555.0,
        "trend": 0.231185,
        "fair_value": 0.296207,
        "relative_strength": -1.05119,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 39.310995,
        "energy": 21.815066,
        "activity_lines": [
          0.243857,
          0.244598,
          0.240955,
          0.238139
        ]
      },
      {
        "date": "2024-05-10",
        "close": 0.244439,
        "volume": 1133400,
        "typical_volume": 757750.0,
        "trend": 0.232287,
        "fair_value": 0.295588,
        "relative_strength": -0.761645,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 36.899049,
        "energy": 19.659643,
        "activity_lines": [
          0.243857,
          0.244598,
          0.241427,
          0.238994
        ]
      },
      {
        "date": "2024-05-17",
        "close": 0.244439,
        "volume": 395900,
        "typical_volume": 729255.0,
        "trend": 0.234053,
        "fair_value": 0.294924,
        "relative_strength": -1.294371,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 36.275505,
        "energy": 21.137732,
        "activity_lines": [
          0.244148,
          0.244598,
          0.241893,
          0.239778
        ]
      },
      {
        "date": "2024-05-24",
        "close": 0.248804,
        "volume": 820100,
        "typical_volume": 759335.0,
        "trend": 0.236098,
        "fair_value": 0.294287,
        "relative_strength": 0.492061,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.031702,
        "energy": 36.437652,
        "activity_lines": [
          0.245894,
          0.245312,
          0.24277,
          0.240729
        ]
      },
      {
        "date": "2024-05-31",
        "close": 0.240074,
        "volume": 1748900,
        "typical_volume": 824860.0,
        "trend": 0.237585,
        "fair_value": 0.293483,
        "relative_strength": -3.430917,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 32.355902,
        "energy": 18.589705,
        "activity_lines": [
          0.244148,
          0.24428,
          0.24277,
          0.240986
        ]
      },
      {
        "date": "2024-06-07",
        "close": 0.235709,
        "volume": 322900,
        "typical_volume": 802860.0,
        "trend": 0.238263,
        "fair_value": 0.292469,
        "relative_strength": -4.850713,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 12.309991,
        "energy": 7.585334,
        "activity_lines": [
          0.241238,
          0.242614,
          0.242389,
          0.240865
        ]
      },
      {
        "date": "2024-06-14",
        "close": 0.253169,
        "volume": 422000,
        "typical_volume": 795320.0,
        "trend": 0.239655,
        "fair_value": 0.291658,
        "relative_strength": 3.235983,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 59.531787,
        "energy": 26.856559,
        "activity_lines": [
          0.24473,
          0.24436,
          0.24365,
          0.241826
        ]
      },
      {
        "date": "2024-06-21",
        "close": 0.244439,
        "volume": 326400,
        "typical_volume": 779675.0,
        "trend": 0.240092,
        "fair_value": 0.290701,
        "relative_strength": -0.454967,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 39.00978,
        "energy": 16.440584,
        "activity_lines": [
          0.24473,
          0.244439,
          0.243975,
          0.242135
        ]
      },
      {
        "date": "2024-06-28",
        "close": 0.244439,
        "volume": 133400,
        "typical_volume": 765295.0,
        "trend": 0.240529,
        "fair_value": 0.289654,
        "relative_strength": -1.095004,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 39.629471,
        "energy": 18.684948,
        "activity_lines": [
          0.24473,
          0.244518,
          0.244257,
          0.242416
        ]
      },
      {
        "date": "2024-07-05",
        "close": 0.248804,
        "volume": 103700,
        "typical_volume": 729575.0,
        "trend": 0.241377,
        "fair_value": 0.288657,
        "relative_strength": -1.571396,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 49.313327,
        "energy": 35.574814,
        "activity_lines": [
          0.246476,
          0.245312,
          0.244874,
          0.242949
        ]
      },
      {
        "date": "2024-07-12",
        "close": 0.257534,
        "volume": 111903540,
        "typical_volume": 6181822.0,
        "trend": 0.241718,
        "fair_value": 0.287694,
        "relative_strength": -0.524219,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 62.583746,
        "energy": 46.13819,
        "activity_lines": [
          0.25055,
          0.247614,
          0.246143,
          0.243992
        ]
      },
      {
        "date": "2024-07-19",
        "close": 0.240074,
        "volume": 3233400,
        "typical_volume": 6200887.0,
        "trend": 0.24161,
        "fair_value": 0.286731,
        "relative_strength": -5.660662,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 36.807325,
        "energy": 20.861166,
        "activity_lines": [
          0.247349,
          0.246502,
          0.245645,
          0.243886
        ]
      },
      {
        "date": "2024-07-26",
        "close": 0.253169,
        "volume": 1602400,
        "typical_volume": 6253172.0,
        "trend": 0.241939,
        "fair_value": 0.28592,
        "relative_strength": 0.144377,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 53.113842,
        "energy": 34.496167,
        "activity_lines": [
          0.249386,
          0.247852,
          0.246414,
          0.244632
        ]
      },
      {
        "date": "2024-08-02",
        "close": 0.253169,
        "volume": 16301200,
        "typical_volume": 7053352.0,
        "trend": 0.242401,
        "fair_value": 0.285222,
        "relative_strength": 1.60756,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 51.846134,
        "energy": 30.149315,
        "activity_lines": [
          0.250841,
          0.249042,
          0.24712,
          0.245356
        ]
      },
      {
        "date": "2024-08-09",
        "close": 0.205154,
        "volume": 2359400,
        "typical_volume": 7159857.0,
        "trend": 0.240996,
        "fair_value": 0.284238,
        "relative_strength": -14.266763,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "mixed",
        "direction": -33.274898,
        "energy": 25.557247,
        "activity_lines": [
          0.235709,
          0.241423,
          0.243192,
          0.242953
        ]
      },
      {
        "date": "2024-08-16",
        "close": 0.213954,
        "volume": 1501900,
        "typical_volume": 7206937.0,
        "trend": 0.240417,
        "fair_value": 0.283378,
        "relative_strength": -12.579179,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -39.636952,
        "energy": 52.241494,
        "activity_lines": [
          0.22642,
          0.236039,
          0.240309,
          0.241208
        ]
      },
      {
        "date": "2024-08-23",
        "close": 0.20485,
        "volume": 964800,
        "typical_volume": 7223392.0,
        "trend": 0.239534,
        "fair_value": 0.282415,
        "relative_strength": -16.709509,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -73.034427,
        "energy": 74.117227,
        "activity_lines": [
          0.217002,
          0.229395,
          0.236726,
          0.238914
        ]
      },
      {
        "date": "2024-08-30",
        "close": 0.209402,
        "volume": 657300,
        "typical_volume": 7245042.0,
        "trend": 0.23867,
        "fair_value": 0.281504,
        "relative_strength": -15.812998,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.23329,
        "energy": 77.275683,
        "activity_lines": [
          0.21145,
          0.224458,
          0.233785,
          0.23697
        ]
      },
      {
        "date": "2024-09-06",
        "close": 0.213954,
        "volume": 470300,
        "typical_volume": 7246972.0,
        "trend": 0.238223,
        "fair_value": 0.280622,
        "relative_strength": -13.865741,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.723348,
        "energy": 73.669293,
        "activity_lines": [
          0.210333,
          0.220985,
          0.231444,
          0.235375
        ]
      },
      {
        "date": "2024-09-13",
        "close": 0.223059,
        "volume": 315400,
        "typical_volume": 7241267.0,
        "trend": 0.238612,
        "fair_value": 0.279843,
        "relative_strength": -12.657139,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.644841,
        "energy": 59.771818,
        "activity_lines": [
          0.214865,
          0.219722,
          0.230095,
          0.234397
        ]
      },
      {
        "date": "2024-09-20",
        "close": 0.236716,
        "volume": 2305000,
        "typical_volume": 7351067.0,
        "trend": 0.238658,
        "fair_value": 0.279107,
        "relative_strength": -8.759814,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -37.931423,
        "energy": 25.495008,
        "activity_lines": [
          0.222755,
          0.22141,
          0.230149,
          0.234275
        ]
      },
      {
        "date": "2024-09-27",
        "close": 0.227611,
        "volume": 872400,
        "typical_volume": 7338017.0,
        "trend": 0.238097,
        "fair_value": 0.27838,
        "relative_strength": -10.81069,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -34.523054,
        "energy": 19.8069,
        "activity_lines": [
          0.226094,
          0.221821,
          0.229372,
          0.233562
        ]
      },
      {
        "date": "2024-10-04",
        "close": 0.227611,
        "volume": 939100,
        "typical_volume": 7365177.0,
        "trend": 0.237682,
        "fair_value": 0.277675,
        "relative_strength": -11.096417,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -29.618823,
        "energy": 21.256778,
        "activity_lines": [
          0.227915,
          0.222459,
          0.228676,
          0.232885
        ]
      },
      {
        "date": "2024-10-11",
        "close": 0.227611,
        "volume": 516500,
        "typical_volume": 7349997.0,
        "trend": 0.237266,
        "fair_value": 0.276971,
        "relative_strength": -10.649835,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -27.167893,
        "energy": 20.288578,
        "activity_lines": [
          0.228522,
          0.223561,
          0.228059,
          0.232236
        ]
      },
      {
        "date": "2024-10-18",
        "close": 0.223059,
        "volume": 291200,
        "typical_volume": 7277112.0,
        "trend": 0.236408,
        "fair_value": 0.276215,
        "relative_strength": -14.012654,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -33.017911,
        "energy": 16.015516,
        "activity_lines": [
          0.226701,
          0.2243,
          0.22711,
          0.231319
        ]
      },
      {
        "date": "2024-10-25",
        "close": 0.195746,
        "volume": 9543000,
        "typical_volume": 7738117.0,
        "trend": 0.234639,
        "fair_value": 0.275283,
        "relative_strength": -23.419705,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.998894,
        "energy": 47.555633,
        "activity_lines": [
          0.215775,
          0.219748,
          0.22364,
          0.228696
        ]
      },
      {
        "date": "2024-11-01",
        "close": 0.195746,
        "volume": 743500,
        "typical_volume": 7754192.0,
        "trend": 0.232871,
        "fair_value": 0.274284,
        "relative_strength": -22.452496,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.748734,
        "energy": 68.695609,
        "activity_lines": [
          0.207582,
          0.215527,
          0.220361,
          0.226186
        ]
      },
      {
        "date": "2024-11-08",
        "close": 0.195746,
        "volume": 1502300,
        "typical_volume": 7812987.0,
        "trend": 0.231248,
        "fair_value": 0.273195,
        "relative_strength": -25.632261,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.735245,
        "energy": 83.171549,
        "activity_lines": [
          0.201512,
          0.211472,
          0.217356,
          0.223791
        ]
      },
      {
        "date": "2024-11-15",
        "close": 0.176626,
        "volume": 2124300,
        "typical_volume": 7912532.0,
        "trend": 0.229133,
        "fair_value": 0.272074,
        "relative_strength": -32.886492,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -88.271733,
        "energy": 93.426194,
        "activity_lines": [
          0.191194,
          0.204188,
          0.212761,
          0.220267
        ]
      },
      {
        "date": "2024-11-22",
        "close": 0.169343,
        "volume": 2274500,
        "typical_volume": 8021072.0,
        "trend": 0.22663,
        "fair_value": 0.271019,
        "relative_strength": -35.152274,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -88.678472,
        "energy": 95.084267,
        "activity_lines": [
          0.181846,
          0.196259,
          0.207796,
          0.21641
        ]
      },
      {
        "date": "2024-11-29",
        "close": 0.169343,
        "volume": 1495000,
        "typical_volume": 2500645.0,
        "trend": 0.224126,
        "fair_value": 0.269963,
        "relative_strength": -34.501233,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -81.545908,
        "energy": 92.775284,
        "activity_lines": [
          0.17608,
          0.189306,
          0.203209,
          0.212714
        ]
      },
      {
        "date": "2024-12-06",
        "close": 0.195746,
        "volume": 1576500,
        "typical_volume": 2417800.0,
        "trend": 0.222503,
        "fair_value": 0.269009,
        "relative_strength": -25.001066,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.112252,
        "energy": 78.859588,
        "activity_lines": [
          0.180875,
          0.18838,
          0.201556,
          0.210883
        ]
      },
      {
        "date": "2024-12-13",
        "close": 0.191193,
        "volume": 2024100,
        "typical_volume": 2438885.0,
        "trend": 0.220728,
        "fair_value": 0.268026,
        "relative_strength": -26.417927,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.388869,
        "energy": 55.864337,
        "activity_lines": [
          0.184153,
          0.187204,
          0.199681,
          0.208863
        ]
      },
      {
        "date": "2024-12-20",
        "close": 0.186641,
        "volume": 2252600,
        "typical_volume": 1736455.0,
        "trend": 0.218656,
        "fair_value": 0.267037,
        "relative_strength": -25.852885,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.496888,
        "energy": 42.481338,
        "activity_lines": [
          0.186216,
          0.185863,
          0.197668,
          0.206664
        ]
      },
      {
        "date": "2024-12-27",
        "close": 0.175716,
        "volume": 397000,
        "typical_volume": 1638335.0,
        "trend": 0.216511,
        "fair_value": 0.265909,
        "relative_strength": -30.587768,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.020348,
        "energy": 40.844341,
        "activity_lines": [
          0.183971,
          0.183281,
          0.194931,
          0.203893
        ]
      },
      {
        "date": "2025-01-03",
        "close": 0.195746,
        "volume": 2010600,
        "typical_volume": 1663770.0,
        "trend": 0.215179,
        "fair_value": 0.264888,
        "relative_strength": -22.765911,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -43.026526,
        "energy": 30.710299,
        "activity_lines": [
          0.187977,
          0.185201,
          0.194241,
          0.202554
        ]
      },
      {
        "date": "2025-01-10",
        "close": 0.191193,
        "volume": 3028800,
        "typical_volume": 1766970.0,
        "trend": 0.213113,
        "fair_value": 0.263837,
        "relative_strength": -23.960658,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.715296,
        "energy": 26.815902,
        "activity_lines": [
          0.188705,
          0.186294,
          0.193205,
          0.201006
        ]
      },
      {
        "date": "2025-01-17",
        "close": 0.195746,
        "volume": 375600,
        "typical_volume": 1752885.0,
        "trend": 0.21149,
        "fair_value": 0.262793,
        "relative_strength": -21.837787,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.100581,
        "energy": 21.112499,
        "activity_lines": [
          0.191254,
          0.188297,
          0.192668,
          0.199886
        ]
      },
      {
        "date": "2025-01-24",
        "close": 0.200298,
        "volume": 85400,
        "typical_volume": 1733640.0,
        "trend": 0.210019,
        "fair_value": 0.261891,
        "relative_strength": -19.397944,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -25.6136,
        "energy": 20.154945,
        "activity_lines": [
          0.195017,
          0.191127,
          0.192629,
          0.199164
        ]
      },
      {
        "date": "2025-01-31",
        "close": 0.195746,
        "volume": 230700,
        "typical_volume": 1729405.0,
        "trend": 0.20825,
        "fair_value": 0.260938,
        "relative_strength": -21.74761,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -16.451327,
        "energy": 14.733897,
        "activity_lines": [
          0.196353,
          0.1927,
          0.192221,
          0.198243
        ]
      },
      {
        "date": "2025-02-07",
        "close": 0.200298,
        "volume": 415500,
        "typical_volume": 1634930.0,
        "trend": 0.206342,
        "fair_value": 0.259945,
        "relative_strength": -19.553427,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -6.359817,
        "energy": 12.594577,
        "activity_lines": [
          0.19787,
          0.19462,
          0.192377,
          0.19773
        ]
      },
      {
        "date": "2025-02-14",
        "close": 0.195746,
        "volume": 177300,
        "typical_volume": 1600175.0,
        "trend": 0.204865,
        "fair_value": 0.258811,
        "relative_strength": -21.352833,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -10.326406,
        "energy": 12.769826,
        "activity_lines": [
          0.197567,
          0.19515,
          0.192273,
          0.197046
        ]
      },
      {
        "date": "2025-02-21",
        "close": 0.20485,
        "volume": 591200,
        "typical_volume": 1582780.0,
        "trend": 0.203254,
        "fair_value": 0.257871,
        "relative_strength": -18.260312,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 1.45449,
        "energy": 10.167014,
        "activity_lines": [
          0.199995,
          0.197335,
          0.193188,
          0.197045
        ]
      },
      {
        "date": "2025-02-28",
        "close": 0.195746,
        "volume": 925000,
        "typical_volume": 1603205.0,
        "trend": 0.20134,
        "fair_value": 0.256827,
        "relative_strength": -20.542651,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -8.170553,
        "energy": 9.933595,
        "activity_lines": [
          0.198781,
          0.197616,
          0.193344,
          0.196561
        ]
      },
      {
        "date": "2025-03-07",
        "close": 0.201578,
        "volume": 975200,
        "typical_volume": 1637405.0,
        "trend": 0.201221,
        "fair_value": 0.255844,
        "relative_strength": -17.949348,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -3.716031,
        "energy": 10.762468,
        "activity_lines": [
          0.199814,
          0.198793,
          0.194207,
          0.196576
        ]
      },
      {
        "date": "2025-03-14",
        "close": 0.196779,
        "volume": 645300,
        "typical_volume": 1192520.0,
        "trend": 0.200648,
        "fair_value": 0.254875,
        "relative_strength": -17.649668,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -7.620638,
        "energy": 9.462111,
        "activity_lines": [
          0.198859,
          0.198626,
          0.194716,
          0.19629
        ]
      },
      {
        "date": "2025-03-21",
        "close": 0.206378,
        "volume": 1194600,
        "typical_volume": 1215075.0,
        "trend": 0.200699,
        "fair_value": 0.253945,
        "relative_strength": -14.97185,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 21.574398,
        "energy": 15.405383,
        "activity_lines": [
          0.201339,
          0.200186,
          0.196133,
          0.196659
        ]
      },
      {
        "date": "2025-03-28",
        "close": 0.201578,
        "volume": 950200,
        "typical_volume": 1187470.0,
        "trend": 0.200438,
        "fair_value": 0.252984,
        "relative_strength": -17.230246,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 23.086117,
        "energy": 17.559155,
        "activity_lines": [
          0.201509,
          0.200597,
          0.197044,
          0.196716
        ]
      },
      {
        "date": "2025-04-04",
        "close": 0.201578,
        "volume": 1389000,
        "typical_volume": 1150705.0,
        "trend": 0.200026,
        "fair_value": 0.252001,
        "relative_strength": -13.390402,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 21.776805,
        "energy": 18.548272,
        "activity_lines": [
          0.201898,
          0.200902,
          0.197926,
          0.19679
        ]
      },
      {
        "date": "2025-04-11",
        "close": 0.18622,
        "volume": 2716300,
        "typical_volume": 1172795.0,
        "trend": 0.198798,
        "fair_value": 0.250896,
        "relative_strength": -12.214411,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -31.755136,
        "energy": 13.191418,
        "activity_lines": [
          0.196779,
          0.198392,
          0.197227,
          0.195899
        ]
      },
      {
        "date": "2025-04-18",
        "close": 0.191979,
        "volume": 1314600,
        "typical_volume": 1163775.0,
        "trend": 0.197307,
        "fair_value": 0.249783,
        "relative_strength": -13.897153,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -27.014426,
        "energy": 17.741049,
        "activity_lines": [
          0.194603,
          0.197102,
          0.196995,
          0.195459
        ]
      },
      {
        "date": "2025-04-25",
        "close": 0.191979,
        "volume": 635700,
        "typical_volume": 1116735.0,
        "trend": 0.196119,
        "fair_value": 0.248693,
        "relative_strength": -15.56785,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -18.773548,
        "energy": 18.925609,
        "activity_lines": [
          0.192747,
          0.195963,
          0.196656,
          0.195115
        ]
      },
      {
        "date": "2025-05-02",
        "close": 0.196779,
        "volume": 895300,
        "typical_volume": 1060295.0,
        "trend": 0.195091,
        "fair_value": 0.247656,
        "relative_strength": -13.291047,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -9.698807,
        "energy": 16.151172,
        "activity_lines": [
          0.193451,
          0.195765,
          0.196793,
          0.195158
        ]
      },
      {
        "date": "2025-05-09",
        "close": 0.196779,
        "volume": 952500,
        "typical_volume": 995290.0,
        "trend": 0.194063,
        "fair_value": 0.24671,
        "relative_strength": -13.32082,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 10.365887,
        "energy": 9.913754,
        "activity_lines": [
          0.194475,
          0.195714,
          0.196902,
          0.195267
        ]
      },
      {
        "date": "2025-05-16",
        "close": 0.215977,
        "volume": 1886300,
        "typical_volume": 1069755.0,
        "trend": 0.193827,
        "fair_value": 0.245864,
        "relative_strength": -4.820322,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 62.762429,
        "energy": 42.99344,
        "activity_lines": [
          0.202218,
          0.199135,
          0.198792,
          0.196681
        ]
      },
      {
        "date": "2025-05-23",
        "close": 0.230375,
        "volume": 1282000,
        "typical_volume": 1033325.0,
        "trend": 0.194982,
        "fair_value": 0.245156,
        "relative_strength": 2.459541,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 77.94282,
        "energy": 72.557619,
        "activity_lines": [
          0.212777,
          0.204912,
          0.201861,
          0.199038
        ]
      },
      {
        "date": "2025-05-30",
        "close": 0.27837,
        "volume": 10917900,
        "typical_volume": 1427780.0,
        "trend": 0.197736,
        "fair_value": 0.244711,
        "relative_strength": 23.437377,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 91.410636,
        "energy": 91.627039,
        "activity_lines": [
          0.236775,
          0.218804,
          0.209336,
          0.204418
        ]
      },
      {
        "date": "2025-06-06",
        "close": 0.297568,
        "volume": 12486500,
        "typical_volume": 2033325.0,
        "trend": 0.20113,
        "fair_value": 0.244365,
        "relative_strength": 30.408716,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 94.08809,
        "energy": 97.398396,
        "activity_lines": [
          0.261412,
          0.234878,
          0.218225,
          0.210859
        ]
      },
      {
        "date": "2025-06-13",
        "close": 0.28317,
        "volume": 13456400,
        "typical_volume": 2701875.0,
        "trend": 0.204681,
        "fair_value": 0.244041,
        "relative_strength": 25.005934,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.349724,
        "energy": 92.083847,
        "activity_lines": [
          0.274531,
          0.246589,
          0.225257,
          0.216152
        ]
      },
      {
        "date": "2025-06-20",
        "close": 0.28317,
        "volume": 6792900,
        "typical_volume": 3029985.0,
        "trend": 0.208476,
        "fair_value": 0.243717,
        "relative_strength": 25.949581,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.039662,
        "energy": 89.427943,
        "activity_lines": [
          0.28189,
          0.256816,
          0.231895,
          0.221216
        ]
      },
      {
        "date": "2025-06-27",
        "close": 0.259172,
        "volume": 5798000,
        "typical_volume": 3299110.0,
        "trend": 0.21147,
        "fair_value": 0.24324,
        "relative_strength": 13.170647,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.193182,
        "energy": 73.552633,
        "activity_lines": [
          0.27677,
          0.260918,
          0.235831,
          0.224487
        ]
      },
      {
        "date": "2025-07-04",
        "close": 0.273571,
        "volume": 2064200,
        "typical_volume": 3393455.0,
        "trend": 0.214064,
        "fair_value": 0.242923,
        "relative_strength": 18.235203,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.798225,
        "energy": 57.390784,
        "activity_lines": [
          0.274531,
          0.266415,
          0.240858,
          0.228493
        ]
      },
      {
        "date": "2025-07-11",
        "close": 0.273571,
        "volume": 3146900,
        "typical_volume": 3521240.0,
        "trend": 0.21681,
        "fair_value": 0.242605,
        "relative_strength": 16.349554,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.069843,
        "energy": 49.645266,
        "activity_lines": [
          0.272611,
          0.270429,
          0.245514,
          0.232332
        ]
      },
      {
        "date": "2025-07-18",
        "close": 0.273571,
        "volume": 1145600,
        "typical_volume": 3532270.0,
        "trend": 0.219708,
        "fair_value": 0.242266,
        "relative_strength": 13.690293,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 50.302352,
        "energy": 40.199032,
        "activity_lines": [
          0.272291,
          0.273047,
          0.249843,
          0.235994
        ]
      },
      {
        "date": "2025-07-25",
        "close": 0.27837,
        "volume": 1264900,
        "typical_volume": 3546755.0,
        "trend": 0.223129,
        "fair_value": 0.241888,
        "relative_strength": 14.068682,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.912918,
        "energy": 41.637125,
        "activity_lines": [
          0.274211,
          0.275142,
          0.254259,
          0.239779
        ]
      },
      {
        "date": "2025-08-01",
        "close": 0.27837,
        "volume": 2217600,
        "typical_volume": 3625370.0,
        "trend": 0.225884,
        "fair_value": 0.241602,
        "relative_strength": 17.322769,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.044153,
        "energy": 42.812093,
        "activity_lines": [
          0.27645,
          0.276101,
          0.258308,
          0.243343
        ]
      },
      {
        "date": "2025-08-08",
        "close": 0.27837,
        "volume": 2624400,
        "typical_volume": 3696860.0,
        "trend": 0.228789,
        "fair_value": 0.241247,
        "relative_strength": 14.836285,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.303584,
        "energy": 40.737072,
        "activity_lines": [
          0.27741,
          0.276189,
          0.26197,
          0.246729
        ]
      },
      {
        "date": "2025-08-15",
        "close": 0.28857,
        "volume": 2599100,
        "typical_volume": 3779305.0,
        "trend": 0.231884,
        "fair_value": 0.240912,
        "relative_strength": 19.129517,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.778431,
        "energy": 45.234421,
        "activity_lines": [
          0.28145,
          0.27813,
          0.26626,
          0.250586
        ]
      },
      {
        "date": "2025-08-22",
        "close": 0.28857,
        "volume": 1482600,
        "typical_volume": 3783985.0,
        "trend": 0.234826,
        "fair_value": 0.240623,
        "relative_strength": 18.206281,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.820449,
        "energy": 45.849073,
        "activity_lines": [
          0.28449,
          0.280236,
          0.270135,
          0.254243
        ]
      },
      {
        "date": "2025-08-29",
        "close": 0.298352,
        "volume": 2555900,
        "typical_volume": 3775965.0,
        "trend": 0.238246,
        "fair_value": 0.240465,
        "relative_strength": 21.367596,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.960668,
        "energy": 65.398109,
        "activity_lines": [
          0.289791,
          0.284021,
          0.274528,
          0.258342
        ]
      },
      {
        "date": "2025-09-05",
        "close": 0.28857,
        "volume": 3271100,
        "typical_volume": 3873790.0,
        "trend": 0.241189,
        "fair_value": 0.240267,
        "relative_strength": 16.173079,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.448147,
        "energy": 64.891926,
        "activity_lines": [
          0.290499,
          0.285753,
          0.277456,
          0.261588
        ]
      },
      {
        "date": "2025-09-12",
        "close": 0.28857,
        "volume": 465900,
        "typical_volume": 3865300.0,
        "trend": 0.244283,
        "fair_value": 0.240114,
        "relative_strength": 15.032994,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.251239,
        "energy": 58.287742,
        "activity_lines": [
          0.290526,
          0.286949,
          0.279923,
          0.264645
        ]
      },
      {
        "date": "2025-09-19",
        "close": 0.283679,
        "volume": 174800,
        "typical_volume": 3829275.0,
        "trend": 0.24691,
        "fair_value": 0.239998,
        "relative_strength": 14.151022,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.36297,
        "energy": 46.419871,
        "activity_lines": [
          0.288244,
          0.286984,
          0.281465,
          0.267187
        ]
      },
      {
        "date": "2025-09-26",
        "close": 0.283679,
        "volume": 147200,
        "typical_volume": 3789010.0,
        "trend": 0.249841,
        "fair_value": 0.240087,
        "relative_strength": 15.02657,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 44.908541,
        "energy": 36.508237,
        "activity_lines": [
          0.286288,
          0.286835,
          0.282593,
          0.269559
        ]
      },
      {
        "date": "2025-10-03",
        "close": 0.259224,
        "volume": 3735200,
        "typical_volume": 3881455.0,
        "trend": 0.251763,
        "fair_value": 0.240042,
        "relative_strength": 1.790771,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 14.249147,
        "energy": 14.639416,
        "activity_lines": [
          0.276506,
          0.282056,
          0.280978,
          0.270164
        ]
      },
      {
        "date": "2025-10-10",
        "close": 0.259224,
        "volume": 1600500,
        "typical_volume": 3897380.0,
        "trend": 0.253844,
        "fair_value": 0.240043,
        "relative_strength": 1.617202,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -8.485496,
        "energy": 21.833171,
        "activity_lines": [
          0.269332,
          0.277624,
          0.279157,
          0.270646
        ]
      },
      {
        "date": "2025-10-17",
        "close": 0.254333,
        "volume": 398200,
        "typical_volume": 3371395.0,
        "trend": 0.255443,
        "fair_value": 0.24008,
        "relative_strength": 2.045926,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -15.769609,
        "energy": 33.099392,
        "activity_lines": [
          0.262485,
          0.272652,
          0.276733,
          0.270677
        ]
      },
      {
        "date": "2025-10-24",
        "close": 0.249442,
        "volume": 690300,
        "typical_volume": 2781585.0,
        "trend": 0.257038,
        "fair_value": 0.239995,
        "relative_strength": -2.090814,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -37.388121,
        "energy": 46.384208,
        "activity_lines": [
          0.256289,
          0.267227,
          0.273958,
          0.27029
        ]
      },
      {
        "date": "2025-10-31",
        "close": 0.264115,
        "volume": 2703900,
        "typical_volume": 2243960.0,
        "trend": 0.259123,
        "fair_value": 0.240072,
        "relative_strength": 3.360361,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -24.798264,
        "energy": 49.577605,
        "activity_lines": [
          0.257268,
          0.265182,
          0.272809,
          0.270747
        ]
      },
      {
        "date": "2025-11-07",
        "close": 0.259224,
        "volume": 1373300,
        "typical_volume": 1972980.0,
        "trend": 0.261556,
        "fair_value": 0.24005,
        "relative_strength": -0.161676,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -23.85358,
        "energy": 43.835038,
        "activity_lines": [
          0.25792,
          0.262692,
          0.271285,
          0.270753
        ]
      },
      {
        "date": "2025-11-14",
        "close": 0.259224,
        "volume": 534600,
        "typical_volume": 1709810.0,
        "trend": 0.263798,
        "fair_value": 0.240005,
        "relative_strength": -1.666274,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -29.304635,
        "energy": 29.803089,
        "activity_lines": [
          0.258572,
          0.260914,
          0.269875,
          0.270603
        ]
      },
      {
        "date": "2025-11-21",
        "close": 0.249442,
        "volume": 743800,
        "typical_volume": 1643790.0,
        "trend": 0.265713,
        "fair_value": 0.239897,
        "relative_strength": -4.085602,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -38.732207,
        "energy": 30.587934,
        "activity_lines": [
          0.255963,
          0.25789,
          0.267533,
          0.269676
        ]
      },
      {
        "date": "2025-11-28",
        "close": 0.254333,
        "volume": 1450300,
        "typical_volume": 1558960.0,
        "trend": 0.267632,
        "fair_value": 0.239821,
        "relative_strength": -3.73774,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -30.28522,
        "energy": 28.874776,
        "activity_lines": [
          0.255311,
          0.256467,
          0.265772,
          0.268942
        ]
      },
      {
        "date": "2025-12-05",
        "close": 0.244551,
        "volume": 641000,
        "typical_volume": 1533730.0,
        "trend": 0.269224,
        "fair_value": 0.23975,
        "relative_strength": -7.664377,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.948277,
        "energy": 55.755055,
        "activity_lines": [
          0.251072,
          0.253799,
          0.263171,
          0.267453
        ]
      },
      {
        "date": "2025-12-12",
        "close": 0.244551,
        "volume": 375800,
        "typical_volume": 1489275.0,
        "trend": 0.270177,
        "fair_value": 0.239702,
        "relative_strength": -8.867713,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.830554,
        "energy": 63.898207,
        "activity_lines": [
          0.248138,
          0.251843,
          0.260709,
          0.265861
        ]
      },
      {
        "date": "2025-12-19",
        "close": 0.249442,
        "volume": 701700,
        "typical_volume": 1413480.0,
        "trend": 0.270812,
        "fair_value": 0.239663,
        "relative_strength": -6.841068,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.731216,
        "energy": 56.669824,
        "activity_lines": [
          0.247812,
          0.251043,
          0.258873,
          0.264524
        ]
      },
      {
        "date": "2025-12-26",
        "close": 0.244551,
        "volume": 1679500,
        "typical_volume": 1366235.0,
        "trend": 0.269685,
        "fair_value": 0.239637,
        "relative_strength": -10.156836,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.595105,
        "energy": 52.926189,
        "activity_lines": [
          0.246507,
          0.249531,
          0.256709,
          0.262829
        ]
      },
      {
        "date": "2026-01-02",
        "close": 0.249442,
        "volume": 435100,
        "typical_volume": 1258035.0,
        "trend": 0.268081,
        "fair_value": 0.239621,
        "relative_strength": -8.815317,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.770062,
        "energy": 41.811001,
        "activity_lines": [
          0.24716,
          0.249086,
          0.255171,
          0.261523
        ]
      },
      {
        "date": "2026-01-09",
        "close": 0.254333,
        "volume": 1190200,
        "typical_volume": 1243415.0,
        "trend": 0.26712,
        "fair_value": 0.239613,
        "relative_strength": -8.861115,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -43.639765,
        "energy": 30.053674,
        "activity_lines": [
          0.249768,
          0.249531,
          0.254286,
          0.260636
        ]
      },
      {
        "date": "2026-01-16",
        "close": 0.254333,
        "volume": 812900,
        "typical_volume": 1156265.0,
        "trend": 0.266158,
        "fair_value": 0.239559,
        "relative_strength": -10.855635,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -38.979926,
        "energy": 24.424088,
        "activity_lines": [
          0.251724,
          0.250153,
          0.253564,
          0.259811
        ]
      },
      {
        "date": "2026-01-23",
        "close": 0.254333,
        "volume": 1154100,
        "typical_volume": 1050415.0,
        "trend": 0.265997,
        "fair_value": 0.239414,
        "relative_strength": -11.608506,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -33.858645,
        "energy": 17.921692,
        "activity_lines": [
          0.253029,
          0.250865,
          0.253052,
          0.259049
        ]
      },
      {
        "date": "2026-01-30",
        "close": 0.254333,
        "volume": 1814800,
        "typical_volume": 1117860.0,
        "trend": 0.265356,
        "fair_value": 0.23927,
        "relative_strength": -11.886244,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -31.032414,
        "energy": 17.845631,
        "activity_lines": [
          0.254007,
          0.251665,
          0.252703,
          0.258296
        ]
      },
      {
        "date": "2026-02-06",
        "close": 0.254333,
        "volume": 735300,
        "typical_volume": 1145885.0,
        "trend": 0.264714,
        "fair_value": 0.239171,
        "relative_strength": -12.399687,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -28.691205,
        "energy": 15.322447,
        "activity_lines": [
          0.254333,
          0.252377,
          0.252516,
          0.257585
        ]
      },
      {
        "date": "2026-02-13",
        "close": 0.244551,
        "volume": 943900,
        "typical_volume": 1185720.0,
        "trend": 0.263747,
        "fair_value": 0.239009,
        "relative_strength": -15.800088,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.817131,
        "energy": 25.233729,
        "activity_lines": [
          0.251072,
          0.251309,
          0.251538,
          0.256284
        ]
      },
      {
        "date": "2026-02-20",
        "close": 0.249442,
        "volume": 433600,
        "typical_volume": 1020640.0,
        "trend": 0.262783,
        "fair_value": 0.238742,
        "relative_strength": -15.41564,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.909109,
        "energy": 24.506118,
        "activity_lines": [
          0.250094,
          0.251132,
          0.251212,
          0.255361
        ]
      },
      {
        "date": "2026-02-27",
        "close": 0.249442,
        "volume": 722100,
        "typical_volume": 976720.0,
        "trend": 0.261819,
        "fair_value": 0.238441,
        "relative_strength": -15.025529,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.089851,
        "energy": 25.351369,
        "activity_lines": [
          0.249442,
          0.250865,
          0.250933,
          0.2545
        ]
      },
      {
        "date": "2026-03-06",
        "close": 0.24,
        "volume": 1172700,
        "typical_volume": 1015445.0,
        "trend": 0.26054,
        "fair_value": 0.238103,
        "relative_strength": -15.71117,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.872725,
        "energy": 34.970101,
        "activity_lines": [
          0.245969,
          0.248881,
          0.2498,
          0.253093
        ]
      },
      {
        "date": "2026-03-13",
        "close": 0.24,
        "volume": 743000,
        "typical_volume": 1018080.0,
        "trend": 0.258921,
        "fair_value": 0.237838,
        "relative_strength": -15.559128,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.902248,
        "energy": 37.568516,
        "activity_lines": [
          0.243451,
          0.246981,
          0.248737,
          0.251768
        ]
      },
      {
        "date": "2026-03-20",
        "close": 0.245,
        "volume": 639000,
        "typical_volume": 914835.0,
        "trend": 0.257468,
        "fair_value": 0.237676,
        "relative_strength": -15.57222,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.394757,
        "energy": 31.724156,
        "activity_lines": [
          0.243555,
          0.246161,
          0.248194,
          0.25087
        ]
      },
      {
        "date": "2026-03-27",
        "close": 0.25,
        "volume": 542900,
        "typical_volume": 873315.0,
        "trend": 0.255857,
        "fair_value": 0.237571,
        "relative_strength": -12.966076,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.086156,
        "energy": 26.215678,
        "activity_lines": [
          0.245296,
          0.246419,
          0.248218,
          0.250388
        ]
      },
      {
        "date": "2026-04-03",
        "close": 0.25,
        "volume": 755900,
        "typical_volume": 884380.0,
        "trend": 0.254571,
        "fair_value": 0.237442,
        "relative_strength": -13.772673,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -33.596491,
        "energy": 16.355775,
        "activity_lines": [
          0.247,
          0.246757,
          0.248287,
          0.25001
        ]
      },
      {
        "date": "2026-04-10",
        "close": 0.255,
        "volume": 663900,
        "typical_volume": 880385.0,
        "trend": 0.253452,
        "fair_value": 0.237393,
        "relative_strength": -12.732275,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -20.021285,
        "energy": 11.370244,
        "activity_lines": [
          0.250333,
          0.248082,
          0.248875,
          0.250038
        ]
      },
      {
        "date": "2026-04-17",
        "close": 0.245,
        "volume": 1235900,
        "typical_volume": 869665.0,
        "trend": 0.252163,
        "fair_value": 0.237232,
        "relative_strength": -16.226433,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -31.440736,
        "energy": 14.943347,
        "activity_lines": [
          0.249333,
          0.247577,
          0.248485,
          0.249492
        ]
      },
      {
        "date": "2026-04-24",
        "close": 0.245,
        "volume": 1311800,
        "typical_volume": 903205.0,
        "trend": 0.250873,
        "fair_value": 0.237095,
        "relative_strength": -14.936676,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -32.329762,
        "energy": 13.289748,
        "activity_lines": [
          0.248,
          0.247242,
          0.248139,
          0.24903
        ]
      },
      {
        "date": "2026-05-01",
        "close": 0.25,
        "volume": 1037300,
        "typical_volume": 936280.0,
        "trend": 0.250566,
        "fair_value": 0.237014,
        "relative_strength": -13.012786,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -25.848195,
        "energy": 10.233597,
        "activity_lines": [
          0.248333,
          0.247808,
          0.248267,
          0.248974
        ]
      },
      {
        "date": "2026-05-08",
        "close": 0.225,
        "volume": 1167800,
        "typical_volume": 959585.0,
        "trend": 0.249425,
        "fair_value": 0.236748,
        "relative_strength": -21.728004,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -62.818096,
        "energy": 42.281631,
        "activity_lines": [
          0.240333,
          0.243818,
          0.245988,
          0.247324
        ]
      },
      {
        "date": "2026-05-15",
        "close": 0.215,
        "volume": 856100,
        "typical_volume": 918415.0,
        "trend": 0.248114,
        "fair_value": 0.236491,
        "relative_strength": -25.913468,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -67.634211,
        "energy": 58.447781,
        "activity_lines": [
          0.230667,
          0.238455,
          0.242874,
          0.245103
        ]
      },
      {
        "date": "2026-05-22",
        "close": 0.205,
        "volume": 1222300,
        "typical_volume": 957775.0,
        "trend": 0.246633,
        "fair_value": 0.23617,
        "relative_strength": -30.024442,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.624884,
        "energy": 71.049771,
        "activity_lines": [
          0.220333,
          0.231727,
          0.238947,
          0.242322
        ]
      },
      {
        "date": "2026-05-29",
        "close": 0.2,
        "volume": 385100,
        "typical_volume": 917520.0,
        "trend": 0.244495,
        "fair_value": 0.23584,
        "relative_strength": -30.586888,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.12594,
        "energy": 77.680899,
        "activity_lines": [
          0.211,
          0.224727,
          0.234756,
          0.239313
        ]
      },
      {
        "date": "2026-06-05",
        "close": 0.2,
        "volume": 56800,
        "typical_volume": 879715.0,
        "trend": 0.242521,
        "fair_value": 0.235535,
        "relative_strength": -29.903999,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.138756,
        "energy": 82.757195,
        "activity_lines": [
          0.204667,
          0.218545,
          0.230824,
          0.236443
        ]
      },
      {
        "date": "2026-06-12",
        "close": 0.199,
        "volume": 1000,
        "typical_volume": 822060.0,
        "trend": 0.240514,
        "fair_value": 0.235199,
        "relative_strength": -29.127977,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.486292,
        "energy": 84.569985,
        "activity_lines": [
          0.201333,
          0.213091,
          0.227055,
          0.233635
        ]
      },
      {
        "date": "2026-06-19",
        "close": 0.188,
        "volume": 271100,
        "typical_volume": 744875.0,
        "trend": 0.238466,
        "fair_value": 0.234793,
        "relative_strength": -34.368148,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -79.236019,
        "energy": 87.522738,
        "activity_lines": [
          0.196067,
          0.206564,
          0.222503,
          0.230247
        ]
      },
      {
        "date": "2026-06-26",
        "close": 0.2,
        "volume": 798000,
        "typical_volume": 748010.0,
        "trend": 0.236655,
        "fair_value": 0.234439,
        "relative_strength": -29.506672,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.83588,
        "energy": 77.513803,
        "activity_lines": [
          0.1966,
          0.203436,
          0.219408,
          0.227765
        ]
      },
      {
        "date": "2026-07-03",
        "close": 0.2,
        "volume": 249100,
        "typical_volume": 713270.0,
        "trend": 0.23517,
        "fair_value": 0.234206,
        "relative_strength": -29.467966,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.905057,
        "energy": 54.38454,
        "activity_lines": [
          0.197467,
          0.201127,
          0.216573,
          0.2254
        ]
      },
      {
        "date": "2026-07-10",
        "close": 0.21,
        "volume": 2345900,
        "typical_volume": 808885.0,
        "trend": 0.234018,
        "fair_value": 0.233916,
        "relative_strength": -28.260163,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -49.217807,
        "energy": 41.169824,
        "activity_lines": [
          0.201667,
          0.201455,
          0.214902,
          0.223777
        ]
      },
      {
        "date": "2026-07-17",
        "close": 0.22,
        "volume": 1527100,
        "typical_volume": 849135.0,
        "trend": 0.233036,
        "fair_value": 0.233643,
        "relative_strength": -24.705246,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.391374,
        "energy": 25.129448,
        "activity_lines": [
          0.208533,
          0.204327,
          0.214371,
          0.222872
        ]
      },
      {
        "date": "2026-07-24",
        "close": 0.235,
        "volume": 1992000,
        "typical_volume": 890100.0,
        "trend": 0.232718,
        "fair_value": 0.233514,
        "relative_strength": -20.032222,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -13.401061,
        "energy": 18.595991,
        "activity_lines": [
          0.219,
          0.210018,
          0.21541,
          0.222999
        ]
      },
      {
        "date": "2026-07-31",
        "close": 0.255,
        "volume": 1508600,
        "typical_volume": 928380.0,
        "trend": 0.232903,
        "fair_value": 0.233465,
        "relative_strength": -13.156106,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 38.324582,
        "energy": 38.51292,
        "activity_lines": [
          0.233,
          0.218982,
          0.218376,
          0.224436
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.22,
        "volume": 8829400,
        "typical_volume": 1337900.0,
        "trend": 0.231759,
        "fair_value": 0.233192,
        "relative_strength": -25.249984,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -2.915929,
        "energy": 23.209699,
        "activity_lines": [
          0.231667,
          0.220673,
          0.217938,
          0.223604
        ]
      }
    ],
    "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."
    }
  }
}