{
  "ticker": {
    "uuid": "6a395b4a-5e3d-4c05-b2bd-339026af6208",
    "symbol": "EJFI",
    "name": "EJF Investments Limited",
    "exchange": "LSE",
    "country": "GB",
    "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": "^FTSE",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 89.563,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 66.468,
    "architecture_energy": 52.674,
    "architecture_maturity": 51.642,
    "architecture_confidence": 83.806,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 18.32,
        "rotation_up": 62.02,
        "upward_expansion": 83.38,
        "deceleration": 47.03,
        "rotation_down": 12.88,
        "downward_expansion": 10.04
      },
      "activity_lines": [
        134.048387,
        132.309915,
        130.980451,
        130.253251
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 138.0,
    "trend_reference": 128.909416,
    "distance_from_trend": 0.070519,
    "trend_direction": "Improving",
    "fair_value": 113.921908,
    "distance_from_fair_value": 0.211356,
    "fair_value_direction": "Improving",
    "relative_strength": 0.235929,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.136302,
    "excess_performance": 0.061603,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.070519,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.019894,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.211356,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.051777,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.002359,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.023729,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.136302,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 14.785875,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 76788,
      "relative_activity": 0.503035,
      "balance": 14.785875,
      "dry_up": 3.327996,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.048752,
      "annualized_volatility": 0.105872,
      "from_high_reference": -0.037028,
      "from_low_reference": 0.190433
    },
    "levels": {
      "trend_reference": 128.909416,
      "fair_value_reference": 113.921908,
      "structural_low": 123.973001,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 17,
        "median_return": 0.000214,
        "positive_rate": 0.529412,
        "directional_follow_through": 0.529412,
        "median_excess_return": -0.007403,
        "regime_survival": 0.705882,
        "best_return": 0.084444,
        "worst_return": -0.064257,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.008071,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.032978,
        "regime_survival": 0.428571,
        "best_return": 0.086227,
        "worst_return": -0.049795,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.02951,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.08673,
        "regime_survival": 0.6,
        "best_return": 0.090996,
        "worst_return": -0.16881,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.038928,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.049257,
        "regime_survival": 0.5,
        "best_return": 0.123192,
        "worst_return": -0.045336,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-12-01",
        "end": "2024-05-10",
        "tenure": "Established",
        "return": -0.004849,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-05-17",
        "end": "2024-09-13",
        "tenure": "Established",
        "return": 0.079509,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-20",
        "end": "2025-02-07",
        "tenure": "Established",
        "return": 0.059307,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-02-14",
        "end": "2025-03-21",
        "tenure": "Developing",
        "return": 0.037815,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-03-28",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.084337,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-18",
        "end": "2025-05-02",
        "tenure": "New",
        "return": -0.00843,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-05-09",
        "end": "2025-05-30",
        "tenure": "New",
        "return": 0.0131,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-06-06",
        "end": "2025-06-13",
        "tenure": "New",
        "return": 0.00431,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-20",
        "end": "2025-08-01",
        "tenure": "Developing",
        "return": 0.021277,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-08-08",
        "end": "2025-08-22",
        "tenure": "New",
        "return": -0.003928,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-29",
        "end": "2025-09-05",
        "tenure": "New",
        "return": 0.012448,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-12",
        "end": "2025-11-28",
        "tenure": "Developing",
        "return": 0.00428,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-05",
        "end": "2026-02-20",
        "tenure": "Developing",
        "return": 0.028568,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-02-27",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": 0.053664,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-06-23",
        "close": 109.188644,
        "volume": 1207,
        "typical_volume": 30210.1,
        "trend": 123.033186,
        "fair_value": 123.517507,
        "relative_strength": -10.054212,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.001615,
        "energy": 34.244039,
        "activity_lines": [
          109.853399,
          111.125499,
          114.449439,
          118.255766
        ]
      },
      {
        "date": "2023-06-30",
        "close": 108.191467,
        "volume": 1515,
        "typical_volume": 23854.35,
        "trend": 122.220773,
        "fair_value": 123.254897,
        "relative_strength": -11.525828,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.27616,
        "energy": 34.973783,
        "activity_lines": [
          109.255104,
          110.229582,
          113.466053,
          117.298236
        ]
      },
      {
        "date": "2023-07-07",
        "close": 108.191467,
        "volume": 17695,
        "typical_volume": 20719.85,
        "trend": 121.40836,
        "fair_value": 123.071966,
        "relative_strength": -8.044398,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.558637,
        "energy": 35.113667,
        "activity_lines": [
          108.789764,
          109.550719,
          112.589234,
          116.393119
        ]
      },
      {
        "date": "2023-07-14",
        "close": 108.191467,
        "volume": 7604,
        "typical_volume": 20201.25,
        "trend": 120.595947,
        "fair_value": 122.889034,
        "relative_strength": -10.02266,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.948193,
        "energy": 36.499319,
        "activity_lines": [
          108.457378,
          109.088909,
          111.819107,
          115.540417
        ]
      },
      {
        "date": "2023-07-21",
        "close": 103.704254,
        "volume": 84416,
        "typical_volume": 24183.7,
        "trend": 119.63396,
        "fair_value": 122.677339,
        "relative_strength": -15.953777,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.61164,
        "energy": 46.377166,
        "activity_lines": [
          106.762208,
          108.028295,
          110.728321,
          114.45063
        ]
      },
      {
        "date": "2023-07-28",
        "close": 107.692886,
        "volume": 26847,
        "typical_volume": 24800.95,
        "trend": 118.804927,
        "fair_value": 122.491211,
        "relative_strength": -12.777104,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.462551,
        "energy": 37.263389,
        "activity_lines": [
          106.828683,
          107.819799,
          110.145465,
          113.680238
        ]
      },
      {
        "date": "2023-08-04",
        "close": 105.226067,
        "volume": 13489,
        "typical_volume": 24402.7,
        "trend": 117.926891,
        "fair_value": 122.400667,
        "relative_strength": -13.008599,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.086153,
        "energy": 37.392753,
        "activity_lines": [
          106.172603,
          107.208115,
          109.436742,
          112.804183
        ]
      },
      {
        "date": "2023-08-11",
        "close": 105.226067,
        "volume": 5482,
        "typical_volume": 23338.25,
        "trend": 117.048854,
        "fair_value": 122.310123,
        "relative_strength": -12.251841,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.498041,
        "energy": 39.172328,
        "activity_lines": [
          105.714216,
          106.686607,
          108.839339,
          111.984775
        ]
      },
      {
        "date": "2023-08-18",
        "close": 106.722153,
        "volume": 4668,
        "typical_volume": 21291.1,
        "trend": 116.220687,
        "fair_value": 122.229169,
        "relative_strength": -7.572496,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.807941,
        "energy": 32.386855,
        "activity_lines": [
          105.952217,
          106.527292,
          108.472004,
          111.318536
        ]
      },
      {
        "date": "2023-08-25",
        "close": 106.722153,
        "volume": 0,
        "typical_volume": 19258.95,
        "trend": 115.392519,
        "fair_value": 122.148214,
        "relative_strength": -8.322877,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.868393,
        "energy": 30.952584,
        "activity_lines": [
          106.288173,
          106.430952,
          108.118667,
          110.705727
        ]
      },
      {
        "date": "2023-09-01",
        "close": 106.722153,
        "volume": 0,
        "typical_volume": 17171.85,
        "trend": 114.564352,
        "fair_value": 122.06726,
        "relative_strength": -9.704053,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.08322,
        "energy": 24.618167,
        "activity_lines": [
          106.422936,
          106.397586,
          107.760338,
          110.146349
        ]
      },
      {
        "date": "2023-09-08",
        "close": 106.722153,
        "volume": 15797,
        "typical_volume": 17505.45,
        "trend": 113.76941,
        "fair_value": 121.986306,
        "relative_strength": -9.686174,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.344305,
        "energy": 21.751162,
        "activity_lines": [
          106.622414,
          106.409066,
          107.458733,
          109.640401
        ]
      },
      {
        "date": "2023-09-15",
        "close": 106.722153,
        "volume": 24986,
        "typical_volume": 16434.45,
        "trend": 112.973579,
        "fair_value": 121.905352,
        "relative_strength": -12.232108,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.256461,
        "energy": 20.50203,
        "activity_lines": [
          106.722153,
          106.447261,
          107.220971,
          109.185739
        ]
      },
      {
        "date": "2023-09-29",
        "close": 110.711784,
        "volume": 8497,
        "typical_volume": 15565.95,
        "trend": 112.310735,
        "fair_value": 121.849973,
        "relative_strength": -7.570533,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -20.538768,
        "energy": 10.179288,
        "activity_lines": [
          108.05203,
          107.237558,
          107.427019,
          109.039817
        ]
      },
      {
        "date": "2023-10-06",
        "close": 109.714371,
        "volume": 27489,
        "typical_volume": 16619.3,
        "trend": 111.614644,
        "fair_value": 121.788199,
        "relative_strength": -6.861713,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -10.023814,
        "energy": 8.630529,
        "activity_lines": [
          108.783461,
          107.800683,
          107.58292,
          108.872309
        ]
      },
      {
        "date": "2023-10-20",
        "close": 110.711784,
        "volume": 2690,
        "typical_volume": 14838.4,
        "trend": 110.951801,
        "fair_value": 121.716881,
        "relative_strength": -4.689846,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -3.49789,
        "energy": 10.823363,
        "activity_lines": [
          109.647881,
          108.435881,
          107.838432,
          108.81406
        ]
      },
      {
        "date": "2023-10-27",
        "close": 110.711784,
        "volume": 6899,
        "typical_volume": 14473.5,
        "trend": 110.355418,
        "fair_value": 121.645562,
        "relative_strength": -3.055013,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -1.682363,
        "energy": 13.883174,
        "activity_lines": [
          110.246326,
          109.016191,
          108.09144,
          108.798575
        ]
      },
      {
        "date": "2023-11-03",
        "close": 108.743172,
        "volume": 4853,
        "typical_volume": 14220.35,
        "trend": 109.85957,
        "fair_value": 121.561624,
        "relative_strength": -6.125145,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 11.751067,
        "energy": 13.731591,
        "activity_lines": [
          109.922592,
          109.13883,
          108.154455,
          108.694559
        ]
      },
      {
        "date": "2023-11-10",
        "close": 108.743172,
        "volume": 3100,
        "typical_volume": 13710.8,
        "trend": 109.828952,
        "fair_value": 121.480704,
        "relative_strength": -5.157954,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -7.787658,
        "energy": 8.986389,
        "activity_lines": [
          109.464123,
          109.197522,
          108.224341,
          108.622534
        ]
      },
      {
        "date": "2023-11-17",
        "close": 107.745537,
        "volume": 11472,
        "typical_volume": 13435.3,
        "trend": 109.898004,
        "fair_value": 121.399765,
        "relative_strength": -7.509378,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -24.628294,
        "energy": 10.3049,
        "activity_lines": [
          108.804349,
          109.03808,
          108.206083,
          108.48812
        ]
      },
      {
        "date": "2023-11-24",
        "close": 97.769096,
        "volume": 68538,
        "typical_volume": 16801.85,
        "trend": 109.202507,
        "fair_value": 121.261251,
        "relative_strength": -15.493514,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -68.100841,
        "energy": 40.144076,
        "activity_lines": [
          104.950351,
          107.046133,
          107.249308,
          107.70561
        ]
      },
      {
        "date": "2023-12-01",
        "close": 97.769096,
        "volume": 54710,
        "typical_volume": 19461.6,
        "trend": 108.457164,
        "fair_value": 121.122738,
        "relative_strength": -15.535265,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.809349,
        "energy": 63.847014,
        "activity_lines": [
          101.959199,
          105.216968,
          106.346911,
          106.96797
        ]
      },
      {
        "date": "2023-12-08",
        "close": 100.263199,
        "volume": 19120,
        "typical_volume": 19532.85,
        "trend": 107.794957,
        "fair_value": 121.000213,
        "relative_strength": -13.142174,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.2961,
        "energy": 64.568684,
        "activity_lines": [
          100.662261,
          104.00406,
          105.731679,
          106.439327
        ]
      },
      {
        "date": "2023-12-15",
        "close": 99.265556,
        "volume": 586748,
        "typical_volume": 48490.05,
        "trend": 107.099496,
        "fair_value": 120.871292,
        "relative_strength": -13.728699,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.209564,
        "energy": 67.06487,
        "activity_lines": [
          99.598106,
          102.727197,
          105.059187,
          105.889043
        ]
      },
      {
        "date": "2023-12-22",
        "close": 100.762039,
        "volume": 24005,
        "typical_volume": 45469.5,
        "trend": 106.768752,
        "fair_value": 120.751964,
        "relative_strength": -13.299011,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.991229,
        "energy": 56.404647,
        "activity_lines": [
          99.66462,
          101.930536,
          104.571721,
          105.480175
        ]
      },
      {
        "date": "2023-12-29",
        "close": 101.260857,
        "volume": 22800,
        "typical_volume": 45267.15,
        "trend": 106.471255,
        "fair_value": 120.635834,
        "relative_strength": -12.777721,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.90394,
        "energy": 35.635065,
        "activity_lines": [
          100.362974,
          101.387338,
          104.145772,
          105.124827
        ]
      },
      {
        "date": "2024-01-05",
        "close": 101.260857,
        "volume": 60515,
        "typical_volume": 47618.45,
        "trend": 106.173757,
        "fair_value": 120.529269,
        "relative_strength": -11.767561,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -51.829527,
        "energy": 31.038901,
        "activity_lines": [
          100.828543,
          101.015976,
          103.750452,
          104.788672
        ]
      },
      {
        "date": "2024-01-12",
        "close": 101.260857,
        "volume": 4761,
        "typical_volume": 47582.4,
        "trend": 105.87626,
        "fair_value": 120.438647,
        "relative_strength": -10.465157,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -39.317301,
        "energy": 23.080472,
        "activity_lines": [
          101.061328,
          100.816448,
          103.374014,
          104.471711
        ]
      },
      {
        "date": "2024-01-19",
        "close": 100.762039,
        "volume": 28929,
        "typical_volume": 48795.45,
        "trend": 105.562135,
        "fair_value": 120.344827,
        "relative_strength": -8.473233,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -36.510615,
        "energy": 20.491342,
        "activity_lines": [
          101.06133,
          100.662269,
          102.968952,
          104.141761
        ]
      },
      {
        "date": "2024-01-26",
        "close": 100.762039,
        "volume": 33086,
        "typical_volume": 50449.75,
        "trend": 105.248011,
        "fair_value": 120.251007,
        "relative_strength": -10.026583,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.726764,
        "energy": 19.743579,
        "activity_lines": [
          100.961566,
          100.653201,
          102.59227,
          103.832078
        ]
      },
      {
        "date": "2024-02-02",
        "close": 100.263199,
        "volume": 19889,
        "typical_volume": 51444.2,
        "trend": 104.950496,
        "fair_value": 120.144424,
        "relative_strength": -9.777655,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.654486,
        "energy": 21.062245,
        "activity_lines": [
          100.695523,
          100.680407,
          102.196462,
          103.510477
        ]
      },
      {
        "date": "2024-02-09",
        "close": 100.288757,
        "volume": 33304,
        "typical_volume": 52319.55,
        "trend": 104.687072,
        "fair_value": 120.050591,
        "relative_strength": -8.819334,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.735404,
        "energy": 24.265157,
        "activity_lines": [
          100.504509,
          100.666913,
          101.833845,
          103.20972
        ]
      },
      {
        "date": "2024-02-16",
        "close": 99.290863,
        "volume": 51743,
        "typical_volume": 53657.4,
        "trend": 104.390385,
        "fair_value": 119.950361,
        "relative_strength": -10.876293,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.52609,
        "energy": 26.576144,
        "activity_lines": [
          100.04567,
          100.426172,
          101.406826,
          102.861577
        ]
      },
      {
        "date": "2024-02-23",
        "close": 97.295059,
        "volume": 38365,
        "typical_volume": 55150.8,
        "trend": 104.027172,
        "fair_value": 119.837337,
        "relative_strength": -12.116422,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.654227,
        "energy": 37.890415,
        "activity_lines": [
          99.052897,
          99.840236,
          100.825117,
          102.403814
        ]
      },
      {
        "date": "2024-03-01",
        "close": 96.796112,
        "volume": 65434,
        "typical_volume": 57048.05,
        "trend": 103.7969,
        "fair_value": 119.714737,
        "relative_strength": -11.832655,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.032287,
        "energy": 45.694993,
        "activity_lines": [
          98.12494,
          99.19941,
          100.259778,
          101.937294
        ]
      },
      {
        "date": "2024-03-08",
        "close": 97.295059,
        "volume": 21689,
        "typical_volume": 57998.0,
        "trend": 103.450306,
        "fair_value": 119.611281,
        "relative_strength": -10.649578,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.097702,
        "energy": 48.373435,
        "activity_lines": [
          97.627694,
          98.721409,
          99.803474,
          101.51782
        ]
      },
      {
        "date": "2024-03-15",
        "close": 96.796112,
        "volume": 90488,
        "typical_volume": 62177.45,
        "trend": 103.169308,
        "fair_value": 119.504627,
        "relative_strength": -11.432575,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.378765,
        "energy": 47.818002,
        "activity_lines": [
          97.162008,
          98.224796,
          99.36354,
          101.088518
        ]
      },
      {
        "date": "2024-03-22",
        "close": 96.796112,
        "volume": 7196,
        "typical_volume": 62294.6,
        "trend": 102.888309,
        "fair_value": 119.382027,
        "relative_strength": -13.189192,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.166703,
        "energy": 41.905712,
        "activity_lines": [
          96.929165,
          97.80936,
          98.989871,
          100.677344
        ]
      },
      {
        "date": "2024-03-29",
        "close": 96.796112,
        "volume": 1732,
        "typical_volume": 62226.2,
        "trend": 102.557441,
        "fair_value": 119.256237,
        "relative_strength": -12.948498,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.244945,
        "energy": 33.150593,
        "activity_lines": [
          96.862638,
          97.475101,
          98.673093,
          100.284299
        ]
      },
      {
        "date": "2024-04-05",
        "close": 94.800316,
        "volume": 61624,
        "typical_volume": 64733.8,
        "trend": 102.160047,
        "fair_value": 119.117654,
        "relative_strength": -13.826567,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.407505,
        "energy": 35.956888,
        "activity_lines": [
          96.16411,
          96.850078,
          98.22313,
          99.783839
        ]
      },
      {
        "date": "2024-04-12",
        "close": 90.808723,
        "volume": 46783,
        "typical_volume": 63646.05,
        "trend": 101.629599,
        "fair_value": 118.918403,
        "relative_strength": -17.918474,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.221234,
        "energy": 52.723214,
        "activity_lines": [
          94.268103,
          95.607706,
          97.454659,
          99.051495
        ]
      },
      {
        "date": "2024-04-19",
        "close": 94.301376,
        "volume": 219033,
        "typical_volume": 71862.2,
        "trend": 101.215573,
        "fair_value": 118.722405,
        "relative_strength": -13.40518,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.790421,
        "energy": 46.477313,
        "activity_lines": [
          93.968737,
          95.172261,
          97.051967,
          98.578707
        ]
      },
      {
        "date": "2024-04-26",
        "close": 95.299255,
        "volume": 30437,
        "typical_volume": 72428.05,
        "trend": 100.83481,
        "fair_value": 118.526425,
        "relative_strength": -14.680797,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.306978,
        "energy": 42.542254,
        "activity_lines": [
          94.168313,
          95.02711,
          96.760823,
          98.197009
        ]
      },
      {
        "date": "2024-05-03",
        "close": 95.299255,
        "volume": 11420,
        "typical_volume": 43661.65,
        "trend": 100.321059,
        "fair_value": 118.333466,
        "relative_strength": -15.01071,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.627785,
        "energy": 32.668421,
        "activity_lines": [
          94.467679,
          94.954534,
          96.493318,
          97.839876
        ]
      },
      {
        "date": "2024-05-10",
        "close": 97.295059,
        "volume": 44224,
        "typical_volume": 44672.6,
        "trend": 99.907082,
        "fair_value": 118.153301,
        "relative_strength": -15.061468,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.40063,
        "energy": 17.841494,
        "activity_lines": [
          95.532104,
          95.281119,
          96.434776,
          97.644651
        ]
      },
      {
        "date": "2024-05-17",
        "close": 100.81427,
        "volume": 58318,
        "typical_volume": 46448.5,
        "trend": 99.577165,
        "fair_value": 117.995695,
        "relative_strength": -11.435496,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -14.048473,
        "energy": 11.365763,
        "activity_lines": [
          97.603282,
          96.238488,
          96.727906,
          97.703179
        ]
      },
      {
        "date": "2024-05-24",
        "close": 100.81427,
        "volume": 15160,
        "typical_volume": 44180.75,
        "trend": 99.247248,
        "fair_value": 117.850849,
        "relative_strength": -10.072151,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -2.502254,
        "energy": 11.802985,
        "activity_lines": [
          99.007425,
          97.131872,
          97.023163,
          97.782992
        ]
      },
      {
        "date": "2024-05-31",
        "close": 100.81427,
        "volume": 0,
        "typical_volume": 43942.7,
        "trend": 98.982951,
        "fair_value": 117.680483,
        "relative_strength": -9.351996,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 17.280929,
        "energy": 21.696468,
        "activity_lines": [
          99.977374,
          97.952199,
          97.320547,
          97.88409
        ]
      },
      {
        "date": "2024-06-07",
        "close": 100.81427,
        "volume": 15461,
        "typical_volume": 43269.3,
        "trend": 98.718654,
        "fair_value": 117.510118,
        "relative_strength": -8.732293,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 16.773347,
        "energy": 24.616538,
        "activity_lines": [
          100.579656,
          98.699468,
          97.620057,
          98.00224
        ]
      },
      {
        "date": "2024-06-14",
        "close": 100.81427,
        "volume": 2071,
        "typical_volume": 41718.55,
        "trend": 98.487612,
        "fair_value": 117.365272,
        "relative_strength": -7.348228,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 15.039202,
        "energy": 26.323798,
        "activity_lines": [
          100.81427,
          99.373679,
          97.919318,
          98.137441
        ]
      },
      {
        "date": "2024-06-21",
        "close": 100.81427,
        "volume": 12103,
        "typical_volume": 41329.25,
        "trend": 98.589118,
        "fair_value": 117.220425,
        "relative_strength": -8.060768,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 14.164199,
        "energy": 18.271449,
        "activity_lines": [
          100.81427,
          99.938546,
          98.218331,
          98.287548
        ]
      },
      {
        "date": "2024-06-28",
        "close": 95.823463,
        "volume": 40445,
        "typical_volume": 41686.3,
        "trend": 98.524263,
        "fair_value": 117.024447,
        "relative_strength": -11.481686,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -10.051894,
        "energy": 7.056345,
        "activity_lines": [
          99.150668,
          99.414075,
          98.039405,
          98.109119
        ]
      },
      {
        "date": "2024-07-05",
        "close": 95.823463,
        "volume": 8101,
        "typical_volume": 39504.2,
        "trend": 98.376272,
        "fair_value": 116.828469,
        "relative_strength": -11.532284,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -16.64035,
        "energy": 10.147954,
        "activity_lines": [
          97.819786,
          98.861929,
          97.881742,
          97.934873
        ]
      },
      {
        "date": "2024-07-12",
        "close": 95.823463,
        "volume": 4993,
        "typical_volume": 37835.6,
        "trend": 98.261536,
        "fair_value": 116.62594,
        "relative_strength": -11.703312,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -19.503515,
        "energy": 15.819944,
        "activity_lines": [
          96.821624,
          98.300252,
          97.74059,
          97.770176
        ]
      },
      {
        "date": "2024-07-19",
        "close": 95.823463,
        "volume": 71907,
        "typical_volume": 38159.25,
        "trend": 98.096916,
        "fair_value": 116.423412,
        "relative_strength": -10.236227,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -40.669156,
        "energy": 26.756333,
        "activity_lines": [
          96.156183,
          97.729044,
          97.606446,
          97.612881
        ]
      },
      {
        "date": "2024-07-26",
        "close": 95.823463,
        "volume": 49156,
        "typical_volume": 39532.6,
        "trend": 97.91567,
        "fair_value": 116.220883,
        "relative_strength": -11.255063,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -39.057475,
        "energy": 27.126325,
        "activity_lines": [
          95.823463,
          97.184592,
          97.476934,
          97.466207
        ]
      },
      {
        "date": "2024-08-02",
        "close": 95.823463,
        "volume": 118158,
        "typical_volume": 40916.1,
        "trend": 97.734423,
        "fair_value": 116.018355,
        "relative_strength": -9.809151,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -39.136091,
        "energy": 27.941287,
        "activity_lines": [
          95.823463,
          96.730882,
          97.354429,
          97.331226
        ]
      },
      {
        "date": "2024-08-16",
        "close": 94.85173,
        "volume": 19513,
        "typical_volume": 41531.95,
        "trend": 97.520786,
        "fair_value": 115.809597,
        "relative_strength": -11.855077,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -52.258776,
        "energy": 31.604978,
        "activity_lines": [
          95.499552,
          96.191236,
          97.14401,
          97.145245
        ]
      },
      {
        "date": "2024-08-23",
        "close": 94.85173,
        "volume": 184070,
        "typical_volume": 50648.85,
        "trend": 97.323776,
        "fair_value": 115.600839,
        "relative_strength": -11.698016,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -52.620813,
        "energy": 34.307667,
        "activity_lines": [
          95.240423,
          95.759999,
          96.94285,
          96.973048
        ]
      },
      {
        "date": "2024-08-30",
        "close": 99.344719,
        "volume": 164219,
        "typical_volume": 55778.6,
        "trend": 97.276532,
        "fair_value": 115.420883,
        "relative_strength": -7.761811,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -13.30904,
        "energy": 7.878825,
        "activity_lines": [
          96.54374,
          96.254079,
          97.178852,
          97.103432
        ]
      },
      {
        "date": "2024-09-06",
        "close": 106.833008,
        "volume": 142248,
        "typical_volume": 60551.85,
        "trend": 97.495525,
        "fair_value": 115.288928,
        "relative_strength": 1.80546,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 67.128871,
        "energy": 43.16044,
        "activity_lines": [
          100.108402,
          98.136386,
          98.106385,
          97.719979
        ]
      },
      {
        "date": "2024-09-13",
        "close": 108.829887,
        "volume": 86093,
        "typical_volume": 53904.85,
        "trend": 97.780229,
        "fair_value": 115.172965,
        "relative_strength": 2.773973,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 75.876769,
        "energy": 71.822709,
        "activity_lines": [
          103.604721,
          100.27233,
          99.147791,
          98.451228
        ]
      },
      {
        "date": "2024-09-20",
        "close": 110.327545,
        "volume": 173009,
        "typical_volume": 61033.45,
        "trend": 98.148119,
        "fair_value": 115.066601,
        "relative_strength": 4.874429,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.724474,
        "energy": 84.616706,
        "activity_lines": [
          106.733164,
          102.444094,
          100.262648,
          99.260732
        ]
      },
      {
        "date": "2024-09-27",
        "close": 109.828323,
        "volume": 54931,
        "typical_volume": 63209.0,
        "trend": 98.565894,
        "fair_value": 114.957038,
        "relative_strength": 3.427413,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.719358,
        "energy": 85.296113,
        "activity_lines": [
          108.663479,
          104.261381,
          101.258396,
          100.014294
        ]
      },
      {
        "date": "2024-10-04",
        "close": 110.327545,
        "volume": 33063,
        "typical_volume": 62650.95,
        "trend": 99.016942,
        "fair_value": 114.847484,
        "relative_strength": 4.483164,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.671013,
        "energy": 83.343594,
        "activity_lines": [
          109.761762,
          105.914801,
          102.232503,
          100.77311
        ]
      },
      {
        "date": "2024-10-11",
        "close": 111.825203,
        "volume": 31305,
        "typical_volume": 61300.3,
        "trend": 99.50128,
        "fair_value": 114.74434,
        "relative_strength": 6.407632,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.222423,
        "energy": 78.573602,
        "activity_lines": [
          110.627076,
          107.576812,
          103.287185,
          101.599449
        ]
      },
      {
        "date": "2024-10-18",
        "close": 111.825203,
        "volume": 116190,
        "typical_volume": 66351.8,
        "trend": 100.00225,
        "fair_value": 114.641026,
        "relative_strength": 5.276373,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.612279,
        "energy": 56.450493,
        "activity_lines": [
          111.159577,
          108.947883,
          104.289433,
          102.394541
        ]
      },
      {
        "date": "2024-10-25",
        "close": 113.322861,
        "volume": 62960,
        "typical_volume": 69499.8,
        "trend": 100.553142,
        "fair_value": 114.547312,
        "relative_strength": 8.302277,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.787716,
        "energy": 55.842666,
        "activity_lines": [
          111.991609,
          110.300314,
          105.381883,
          103.253935
        ]
      },
      {
        "date": "2024-11-01",
        "close": 114.321297,
        "volume": 40077,
        "typical_volume": 70730.6,
        "trend": 101.137314,
        "fair_value": 114.459998,
        "relative_strength": 10.414602,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.121571,
        "energy": 58.425416,
        "activity_lines": [
          112.956766,
          111.49844,
          106.509858,
          104.142203
        ]
      },
      {
        "date": "2024-11-08",
        "close": 112.350677,
        "volume": 28568,
        "typical_volume": 72055.45,
        "trend": 101.722326,
        "fair_value": 114.360052,
        "relative_strength": 10.044105,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.681255,
        "energy": 50.045401,
        "activity_lines": [
          112.965518,
          111.98428,
          107.385835,
          104.865646
        ]
      },
      {
        "date": "2024-11-15",
        "close": 112.350677,
        "volume": 50600,
        "typical_volume": 73980.3,
        "trend": 102.440392,
        "fair_value": 114.260106,
        "relative_strength": 10.305184,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.863058,
        "energy": 45.794145,
        "activity_lines": [
          112.839394,
          112.233648,
          108.206876,
          105.551346
        ]
      },
      {
        "date": "2024-11-22",
        "close": 112.350677,
        "volume": 158418,
        "typical_volume": 79878.95,
        "trend": 103.042035,
        "fair_value": 114.182499,
        "relative_strength": 7.779698,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.424555,
        "energy": 40.483458,
        "activity_lines": [
          112.678239,
          112.382694,
          108.972983,
          106.190719
        ]
      },
      {
        "date": "2024-11-29",
        "close": 113.848679,
        "volume": 40953,
        "typical_volume": 81521.55,
        "trend": 103.660349,
        "fair_value": 114.092155,
        "relative_strength": 8.77169,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.67628,
        "energy": 38.899923,
        "activity_lines": [
          112.981386,
          112.74009,
          109.803055,
          106.887922
        ]
      },
      {
        "date": "2024-12-06",
        "close": 113.848679,
        "volume": 47735,
        "typical_volume": 83658.65,
        "trend": 104.278663,
        "fair_value": 114.001812,
        "relative_strength": 8.37444,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.489455,
        "energy": 38.533545,
        "activity_lines": [
          113.249478,
          113.033466,
          110.547293,
          107.545234
        ]
      },
      {
        "date": "2024-12-20",
        "close": 121.838066,
        "volume": 36776,
        "typical_volume": 81902.1,
        "trend": 105.096763,
        "fair_value": 113.962683,
        "relative_strength": 18.867967,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.288141,
        "energy": 52.837545,
        "activity_lines": [
          116.212208,
          114.706359,
          111.966591,
          108.678098
        ]
      },
      {
        "date": "2024-12-27",
        "close": 119.840729,
        "volume": 20578,
        "typical_volume": 80473.2,
        "trend": 105.730979,
        "fair_value": 113.91075,
        "relative_strength": 15.702653,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.866857,
        "energy": 60.08122,
        "activity_lines": [
          117.876665,
          115.806819,
          113.071787,
          109.629322
        ]
      },
      {
        "date": "2025-01-03",
        "close": 118.842049,
        "volume": 41125,
        "typical_volume": 76621.55,
        "trend": 106.331905,
        "fair_value": 113.852415,
        "relative_strength": 13.469663,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.093796,
        "energy": 57.222522,
        "activity_lines": [
          118.708893,
          116.579963,
          113.967502,
          110.475197
        ]
      },
      {
        "date": "2025-01-10",
        "close": 125.33342,
        "volume": 117247,
        "typical_volume": 81508.25,
        "trend": 107.14921,
        "fair_value": 113.835692,
        "relative_strength": 18.93492,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.597453,
        "energy": 73.279718,
        "activity_lines": [
          121.272153,
          118.405778,
          115.371831,
          111.701102
        ]
      },
      {
        "date": "2025-01-17",
        "close": 126.332085,
        "volume": 87890,
        "typical_volume": 76699.25,
        "trend": 107.999804,
        "fair_value": 113.82537,
        "relative_strength": 15.970219,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.880043,
        "energy": 72.228859,
        "activity_lines": [
          123.402652,
          120.194794,
          116.72612,
          112.938707
        ]
      },
      {
        "date": "2025-01-24",
        "close": 119.840729,
        "volume": 32904,
        "typical_volume": 70133.5,
        "trend": 108.634019,
        "fair_value": 113.773267,
        "relative_strength": 9.913076,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.958379,
        "energy": 49.466475,
        "activity_lines": [
          122.537138,
          120.585186,
          117.312279,
          113.702637
        ]
      },
      {
        "date": "2025-01-31",
        "close": 117.843376,
        "volume": 38663,
        "typical_volume": 64954.25,
        "trend": 109.201656,
        "fair_value": 113.70836,
        "relative_strength": 5.92992,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.183567,
        "energy": 41.03773,
        "activity_lines": [
          121.138996,
          120.47624,
          117.610613,
          114.296789
        ]
      },
      {
        "date": "2025-02-07",
        "close": 116.87075,
        "volume": 130702,
        "typical_volume": 67184.7,
        "trend": 109.903232,
        "fair_value": 113.637218,
        "relative_strength": 4.698683,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 40.643745,
        "energy": 25.099601,
        "activity_lines": [
          119.549802,
          120.090586,
          117.763886,
          114.79157
        ]
      },
      {
        "date": "2025-02-14",
        "close": 118.868546,
        "volume": 47831,
        "typical_volume": 60925.8,
        "trend": 110.671401,
        "fair_value": 113.578883,
        "relative_strength": 6.027221,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.650865,
        "energy": 17.98898,
        "activity_lines": [
          118.75796,
          119.985984,
          118.069135,
          115.369977
        ]
      },
      {
        "date": "2025-02-28",
        "close": 119.367996,
        "volume": 136016,
        "typical_volume": 64980.05,
        "trend": 111.456219,
        "fair_value": 113.523749,
        "relative_strength": 5.491337,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.934877,
        "energy": 16.395506,
        "activity_lines": [
          118.563593,
          119.880921,
          118.38128,
          115.931048
        ]
      },
      {
        "date": "2025-03-07",
        "close": 120.36689,
        "volume": 100429,
        "typical_volume": 68348.35,
        "trend": 112.274333,
        "fair_value": 113.471826,
        "relative_strength": 7.804724,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.81738,
        "energy": 15.827712,
        "activity_lines": [
          119.166463,
          119.857124,
          118.74313,
          116.50593
        ]
      },
      {
        "date": "2025-03-14",
        "close": 124.861916,
        "volume": 57930,
        "typical_volume": 69679.6,
        "trend": 113.242282,
        "fair_value": 113.448717,
        "relative_strength": 12.138961,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 55.785571,
        "energy": 28.854254,
        "activity_lines": [
          121.232598,
          120.677353,
          119.485271,
          117.318032
        ]
      },
      {
        "date": "2025-03-21",
        "close": 123.363571,
        "volume": 25163,
        "typical_volume": 65128.25,
        "trend": 114.160285,
        "fair_value": 113.416004,
        "relative_strength": 10.333219,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 52.034874,
        "energy": 30.460922,
        "activity_lines": [
          122.331382,
          121.133861,
          120.022634,
          117.971018
        ]
      },
      {
        "date": "2025-03-28",
        "close": 124.362465,
        "volume": 303575,
        "typical_volume": 77159.0,
        "trend": 115.143977,
        "fair_value": 113.389694,
        "relative_strength": 10.797604,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.889325,
        "energy": 38.441972,
        "activity_lines": [
          123.330276,
          121.689777,
          120.600185,
          118.629223
        ]
      },
      {
        "date": "2025-04-04",
        "close": 120.36689,
        "volume": 95958,
        "typical_volume": 79953.05,
        "trend": 115.994482,
        "fair_value": 113.337771,
        "relative_strength": 14.865856,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 50.041024,
        "energy": 32.439998,
        "activity_lines": [
          122.63105,
          121.536878,
          120.744635,
          118.966185
        ]
      },
      {
        "date": "2025-04-11",
        "close": 113.874069,
        "volume": 111956,
        "typical_volume": 84122.45,
        "trend": 116.478794,
        "fair_value": 113.237844,
        "relative_strength": 9.56966,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 18.75485,
        "energy": 8.474878,
        "activity_lines": [
          119.700957,
          120.311925,
          120.241932,
          118.829384
        ]
      },
      {
        "date": "2025-04-18",
        "close": 115.372406,
        "volume": 39568,
        "typical_volume": 83570.85,
        "trend": 116.76344,
        "fair_value": 113.147521,
        "relative_strength": 6.555,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 7.467097,
        "energy": 10.806799,
        "activity_lines": [
          117.703165,
          119.467881,
          119.874675,
          118.758005
        ]
      },
      {
        "date": "2025-04-25",
        "close": 116.371307,
        "volume": 49646,
        "typical_volume": 78132.25,
        "trend": 117.014821,
        "fair_value": 113.063433,
        "relative_strength": 5.408706,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -10.328043,
        "energy": 16.895604,
        "activity_lines": [
          116.670974,
          118.850382,
          119.588161,
          118.732706
        ]
      },
      {
        "date": "2025-05-02",
        "close": 114.399788,
        "volume": 166550,
        "typical_volume": 84412.1,
        "trend": 117.150562,
        "fair_value": 112.979476,
        "relative_strength": 1.150671,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -18.274426,
        "energy": 25.051926,
        "activity_lines": [
          115.447761,
          117.883506,
          119.094738,
          118.563994
        ]
      },
      {
        "date": "2025-05-09",
        "close": 114.399788,
        "volume": 139641,
        "typical_volume": 89007.4,
        "trend": 117.302944,
        "fair_value": 112.895519,
        "relative_strength": 1.430611,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -19.500699,
        "energy": 34.708002,
        "activity_lines": [
          114.888726,
          116.997881,
          118.59869,
          118.386525
        ]
      },
      {
        "date": "2025-05-16",
        "close": 114.399788,
        "volume": 90610,
        "typical_volume": 91699.1,
        "trend": 117.438686,
        "fair_value": 112.811563,
        "relative_strength": -0.298409,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -30.059093,
        "energy": 35.588219,
        "activity_lines": [
          114.727498,
          116.202586,
          118.100019,
          118.199224
        ]
      },
      {
        "date": "2025-05-23",
        "close": 114.399788,
        "volume": 149118,
        "typical_volume": 98126.1,
        "trend": 117.524505,
        "fair_value": 112.727606,
        "relative_strength": -0.899564,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -30.407861,
        "energy": 35.450799,
        "activity_lines": [
          114.531223,
          115.515784,
          117.636767,
          118.003166
        ]
      },
      {
        "date": "2025-05-30",
        "close": 115.898476,
        "volume": 79863,
        "typical_volume": 100063.0,
        "trend": 117.660281,
        "fair_value": 112.685182,
        "relative_strength": -0.466095,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -26.661041,
        "energy": 23.728252,
        "activity_lines": [
          114.899351,
          115.291691,
          117.342157,
          117.898261
        ]
      },
      {
        "date": "2025-06-06",
        "close": 115.898476,
        "volume": 116758,
        "typical_volume": 100038.55,
        "trend": 117.746135,
        "fair_value": 112.642757,
        "relative_strength": -1.366821,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -14.415,
        "energy": 14.1971,
        "activity_lines": [
          115.299001,
          115.203327,
          117.061564,
          117.784596
        ]
      },
      {
        "date": "2025-06-13",
        "close": 116.398041,
        "volume": 151779,
        "typical_volume": 103233.0,
        "trend": 117.81536,
        "fair_value": 112.603535,
        "relative_strength": -1.231074,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "down",
        "direction": -37.750263,
        "energy": 19.429132,
        "activity_lines": [
          115.76526,
          115.359684,
          116.873477,
          117.697623
        ]
      },
      {
        "date": "2025-06-20",
        "close": 117.397156,
        "volume": 21871,
        "typical_volume": 102681.35,
        "trend": 117.983576,
        "fair_value": 112.570718,
        "relative_strength": 0.305031,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -32.908142,
        "energy": 16.301801,
        "activity_lines": [
          116.431341,
          115.76986,
          116.827849,
          117.670642
        ]
      },
      {
        "date": "2025-06-27",
        "close": 117.896721,
        "volume": 16620,
        "typical_volume": 101579.2,
        "trend": 118.168444,
        "fair_value": 112.544295,
        "relative_strength": 0.285313,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -26.369147,
        "energy": 15.635759,
        "activity_lines": [
          117.064119,
          116.206809,
          116.841434,
          117.665038
        ]
      },
      {
        "date": "2025-07-04",
        "close": 119.395409,
        "volume": 111110,
        "typical_volume": 100599.6,
        "trend": 118.403268,
        "fair_value": 112.52748,
        "relative_strength": 1.115347,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -13.692725,
        "energy": 13.517309,
        "activity_lines": [
          117.96333,
          116.87035,
          116.997498,
          117.744197
        ]
      },
      {
        "date": "2025-07-11",
        "close": 119.894974,
        "volume": 100461,
        "typical_volume": 103231.1,
        "trend": 118.604811,
        "fair_value": 112.504289,
        "relative_strength": 0.027762,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 16.892752,
        "energy": 18.210953,
        "activity_lines": [
          118.795935,
          117.569737,
          117.189117,
          117.840436
        ]
      },
      {
        "date": "2025-07-18",
        "close": 119.894974,
        "volume": 47241,
        "typical_volume": 98792.35,
        "trend": 118.806355,
        "fair_value": 112.480927,
        "relative_strength": -0.766782,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 16.452837,
        "energy": 20.192513,
        "activity_lines": [
          119.362106,
          118.169212,
          117.375848,
          117.923672
        ]
      },
      {
        "date": "2025-08-01",
        "close": 119.894974,
        "volume": 42878,
        "typical_volume": 95914.8,
        "trend": 118.741585,
        "fair_value": 112.460759,
        "relative_strength": -1.820376,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 17.347277,
        "energy": 25.582049,
        "activity_lines": [
          119.695148,
          118.668775,
          117.56007,
          117.993906
        ]
      },
      {
        "date": "2025-08-08",
        "close": 120.394539,
        "volume": 44097,
        "typical_volume": 95223.15,
        "trend": 118.760045,
        "fair_value": 112.453372,
        "relative_strength": -1.932692,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 19.721755,
        "energy": 28.690473,
        "activity_lines": [
          120.028191,
          119.159255,
          117.794117,
          118.100548
        ]
      },
      {
        "date": "2025-08-15",
        "close": 119.921585,
        "volume": 31173,
        "typical_volume": 95523.65,
        "trend": 118.79603,
        "fair_value": 112.442954,
        "relative_strength": -2.969479,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 15.714806,
        "energy": 18.745782,
        "activity_lines": [
          120.037062,
          119.454747,
          118.004393,
          118.175486
        ]
      },
      {
        "date": "2025-08-22",
        "close": 119.921585,
        "volume": 38369,
        "typical_volume": 82263.35,
        "trend": 118.615635,
        "fair_value": 112.432536,
        "relative_strength": -5.044772,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 13.557194,
        "energy": 13.239908,
        "activity_lines": [
          120.010854,
          119.677093,
          118.23106,
          118.248103
        ]
      },
      {
        "date": "2025-08-29",
        "close": 120.421265,
        "volume": 12454,
        "typical_volume": 78088.15,
        "trend": 118.418608,
        "fair_value": 112.425321,
        "relative_strength": -3.447214,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 23.278068,
        "energy": 15.84488,
        "activity_lines": [
          120.149431,
          119.917142,
          118.526463,
          118.364595
        ]
      },
      {
        "date": "2025-09-05",
        "close": 121.92028,
        "volume": 32987,
        "typical_volume": 74139.7,
        "trend": 118.487926,
        "fair_value": 112.430908,
        "relative_strength": -2.719129,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 55.503104,
        "energy": 28.577217,
        "activity_lines": [
          120.752595,
          120.356589,
          118.96437,
          118.590509
        ]
      },
      {
        "date": "2025-09-12",
        "close": 122.919632,
        "volume": 30335,
        "typical_volume": 73678.05,
        "trend": 118.657135,
        "fair_value": 112.446095,
        "relative_strength": -2.968963,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.035676,
        "energy": 36.716307,
        "activity_lines": [
          121.553855,
          120.895499,
          119.459138,
          118.876426
        ]
      },
      {
        "date": "2025-09-19",
        "close": 123.419304,
        "volume": 29951,
        "typical_volume": 72693.3,
        "trend": 118.87542,
        "fair_value": 112.464484,
        "relative_strength": -2.081806,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.851942,
        "energy": 46.615549,
        "activity_lines": [
          122.353334,
          121.433932,
          119.965555,
          119.183662
        ]
      },
      {
        "date": "2025-09-26",
        "close": 123.918976,
        "volume": 85460,
        "typical_volume": 68638.8,
        "trend": 119.043768,
        "fair_value": 112.492463,
        "relative_strength": -2.446054,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.781797,
        "energy": 47.839396,
        "activity_lines": [
          123.086188,
          121.990053,
          120.485998,
          119.509053
        ]
      },
      {
        "date": "2025-10-03",
        "close": 123.918976,
        "volume": 1844095,
        "typical_volume": 153861.5,
        "trend": 119.195467,
        "fair_value": 112.520442,
        "relative_strength": -4.555283,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.720737,
        "energy": 44.451938,
        "activity_lines": [
          123.552549,
          122.47301,
          120.961111,
          119.823583
        ]
      },
      {
        "date": "2025-10-10",
        "close": 123.918976,
        "volume": 47127,
        "typical_volume": 151687.35,
        "trend": 119.31387,
        "fair_value": 112.561026,
        "relative_strength": -3.874082,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.853632,
        "energy": 37.245625,
        "activity_lines": [
          123.78573,
          122.882804,
          121.390895,
          120.128325
        ]
      },
      {
        "date": "2025-10-17",
        "close": 124.418655,
        "volume": 52275,
        "typical_volume": 146845.2,
        "trend": 119.299094,
        "fair_value": 112.592037,
        "relative_strength": -2.748159,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.411404,
        "energy": 33.224477,
        "activity_lines": [
          124.052224,
          123.310284,
          121.822938,
          120.457666
        ]
      },
      {
        "date": "2025-10-24",
        "close": 124.418655,
        "volume": 3124195,
        "typical_volume": 299061.8,
        "trend": 119.334264,
        "fair_value": 112.635824,
        "relative_strength": -5.625821,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.59494,
        "energy": 29.264028,
        "activity_lines": [
          124.218783,
          123.664599,
          122.207272,
          120.787961
        ]
      },
      {
        "date": "2025-10-31",
        "close": 123.945496,
        "volume": 165010,
        "typical_volume": 301474.4,
        "trend": 119.320365,
        "fair_value": 112.676578,
        "relative_strength": -6.574137,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 50.507259,
        "energy": 26.625761,
        "activity_lines": [
          124.161,
          123.85112,
          122.505971,
          121.085459
        ]
      },
      {
        "date": "2025-11-07",
        "close": 123.945496,
        "volume": 63547,
        "typical_volume": 297062.8,
        "trend": 119.439652,
        "fair_value": 112.717332,
        "relative_strength": -6.162911,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.588785,
        "energy": 25.136386,
        "activity_lines": [
          124.101448,
          123.964479,
          122.766351,
          121.383855
        ]
      },
      {
        "date": "2025-11-14",
        "close": 123.945496,
        "volume": 17868,
        "typical_volume": 296862.65,
        "trend": 119.775366,
        "fair_value": 112.758086,
        "relative_strength": -6.189084,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.43968,
        "energy": 23.231887,
        "activity_lines": [
          124.040128,
          124.013761,
          122.99079,
          121.674555
        ]
      },
      {
        "date": "2025-11-21",
        "close": 123.945496,
        "volume": 52466,
        "typical_volume": 298654.95,
        "trend": 120.061136,
        "fair_value": 112.79884,
        "relative_strength": -4.495283,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 35.028152,
        "energy": 17.928399,
        "activity_lines": [
          123.97704,
          124.026221,
          123.184047,
          121.943595
        ]
      },
      {
        "date": "2025-11-28",
        "close": 123.445717,
        "volume": 42021,
        "typical_volume": 295200.5,
        "trend": 120.296949,
        "fair_value": 112.83639,
        "relative_strength": -6.488541,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 32.543622,
        "energy": 15.895711,
        "activity_lines": [
          123.778903,
          123.92916,
          123.300902,
          122.161955
        ]
      },
      {
        "date": "2025-12-05",
        "close": 123.445717,
        "volume": 49476,
        "typical_volume": 292651.25,
        "trend": 120.59848,
        "fair_value": 112.87394,
        "relative_strength": -5.81588,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 30.273017,
        "energy": 14.149665,
        "activity_lines": [
          123.645629,
          123.831619,
          123.39847,
          122.365102
        ]
      },
      {
        "date": "2025-12-12",
        "close": 123.445717,
        "volume": 44412,
        "typical_volume": 292509.8,
        "trend": 120.900011,
        "fair_value": 112.91149,
        "relative_strength": -5.53236,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 29.350188,
        "energy": 12.89154,
        "activity_lines": [
          123.545673,
          123.742682,
          123.47913,
          122.548794
        ]
      },
      {
        "date": "2025-12-19",
        "close": 123.445717,
        "volume": 18752,
        "typical_volume": 291303.5,
        "trend": 121.201542,
        "fair_value": 112.94904,
        "relative_strength": -7.737511,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 28.519702,
        "energy": 11.744063,
        "activity_lines": [
          123.479036,
          123.66235,
          123.542881,
          122.713033
        ]
      },
      {
        "date": "2025-12-26",
        "close": 123.445717,
        "volume": 39858,
        "typical_volume": 291091.55,
        "trend": 121.503073,
        "fair_value": 112.941705,
        "relative_strength": -7.330245,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 28.18562,
        "energy": 11.486138,
        "activity_lines": [
          123.445717,
          123.590623,
          123.589725,
          122.857819
        ]
      },
      {
        "date": "2026-01-02",
        "close": 123.445717,
        "volume": 21755,
        "typical_volume": 290620.65,
        "trend": 121.754648,
        "fair_value": 112.883255,
        "relative_strength": -7.728539,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 18.894236,
        "energy": 8.193915,
        "activity_lines": [
          123.445717,
          123.536586,
          123.622038,
          122.983151
        ]
      },
      {
        "date": "2026-01-09",
        "close": 123.945496,
        "volume": 26451,
        "typical_volume": 290024.75,
        "trend": 122.022882,
        "fair_value": 112.828009,
        "relative_strength": -8.620679,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 30.941548,
        "energy": 12.978899,
        "activity_lines": [
          123.61231,
          123.591107,
          123.685168,
          123.124496
        ]
      },
      {
        "date": "2026-01-16",
        "close": 123.445717,
        "volume": 96448,
        "typical_volume": 294224.45,
        "trend": 122.257805,
        "fair_value": 112.769559,
        "relative_strength": -9.66357,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 29.297425,
        "energy": 12.187627,
        "activity_lines": [
          123.578991,
          123.55476,
          123.681539,
          123.216291
        ]
      },
      {
        "date": "2026-01-23",
        "close": 121.446594,
        "volume": 35330,
        "typical_volume": 294341.6,
        "trend": 122.392786,
        "fair_value": 112.698295,
        "relative_strength": -9.903213,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 5.920762,
        "energy": 6.945887,
        "activity_lines": [
          122.879298,
          123.164022,
          123.473115,
          123.163955
        ]
      },
      {
        "date": "2026-02-06",
        "close": 126.972359,
        "volume": 146765,
        "typical_volume": 300163.1,
        "trend": 122.695307,
        "fair_value": 112.662452,
        "relative_strength": -7.51119,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 56.749749,
        "energy": 27.365086,
        "activity_lines": [
          124.154802,
          123.823404,
          123.79321,
          123.459412
        ]
      },
      {
        "date": "2026-02-13",
        "close": 126.972359,
        "volume": 70627,
        "typical_volume": 302196.9,
        "trend": 122.947872,
        "fair_value": 112.626609,
        "relative_strength": -7.929889,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 55.090529,
        "energy": 37.399456,
        "activity_lines": [
          125.195196,
          124.427751,
          124.094006,
          123.73535
        ]
      },
      {
        "date": "2026-02-20",
        "close": 126.972359,
        "volume": 36056,
        "typical_volume": 299726.7,
        "trend": 123.183785,
        "fair_value": 112.597155,
        "relative_strength": -9.777808,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 54.691245,
        "energy": 44.953935,
        "activity_lines": [
          126.000481,
          124.967978,
          124.377883,
          123.994995
        ]
      },
      {
        "date": "2026-02-27",
        "close": 130.971481,
        "volume": 18617,
        "typical_volume": 208452.8,
        "trend": 123.553002,
        "fair_value": 112.593337,
        "relative_strength": -8.653682,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.912525,
        "energy": 61.825498,
        "activity_lines": [
          127.937015,
          126.171197,
          125.028088,
          124.497427
        ]
      },
      {
        "date": "2026-03-06",
        "close": 129.971695,
        "volume": 68644,
        "typical_volume": 209528.65,
        "trend": 123.888892,
        "fair_value": 112.583109,
        "relative_strength": -3.697863,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.032034,
        "energy": 62.086541,
        "activity_lines": [
          129.03857,
          127.055805,
          125.549493,
          124.911536
        ]
      },
      {
        "date": "2026-03-13",
        "close": 129.971695,
        "volume": 45408,
        "typical_volume": 209185.3,
        "trend": 124.208131,
        "fair_value": 112.572882,
        "relative_strength": -3.351274,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.046998,
        "energy": 56.881017,
        "activity_lines": [
          129.571785,
          127.821759,
          126.042075,
          125.303975
        ]
      },
      {
        "date": "2026-03-20",
        "close": 129.971695,
        "volume": 57110,
        "typical_volume": 55831.05,
        "trend": 124.543135,
        "fair_value": 112.562654,
        "relative_strength": 0.102201,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.912242,
        "energy": 50.495128,
        "activity_lines": [
          129.905044,
          128.469059,
          126.508214,
          125.675818
        ]
      },
      {
        "date": "2026-03-27",
        "close": 128.971924,
        "volume": 86497,
        "typical_volume": 51905.4,
        "trend": 124.844813,
        "fair_value": 112.552408,
        "relative_strength": -0.935179,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.066584,
        "energy": 34.435914,
        "activity_lines": [
          129.70509,
          128.815928,
          126.852694,
          125.961546
        ]
      },
      {
        "date": "2026-04-03",
        "close": 126.972359,
        "volume": 28916,
        "typical_volume": 50173.85,
        "trend": 125.063182,
        "fair_value": 112.529172,
        "relative_strength": -6.564042,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 41.207917,
        "energy": 23.646549,
        "activity_lines": [
          128.705311,
          128.70785,
          126.982803,
          126.098807
        ]
      },
      {
        "date": "2026-04-10",
        "close": 126.972359,
        "volume": 148020,
        "typical_volume": 56681.45,
        "trend": 125.231585,
        "fair_value": 112.505937,
        "relative_strength": -7.686266,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 36.494183,
        "energy": 17.746909,
        "activity_lines": [
          127.972139,
          128.535651,
          127.098499,
          126.22198
        ]
      },
      {
        "date": "2026-04-17",
        "close": 129.471817,
        "volume": 326459,
        "typical_volume": 70381.1,
        "trend": 125.449991,
        "fair_value": 112.498723,
        "relative_strength": -6.070489,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 38.614494,
        "energy": 17.192458,
        "activity_lines": [
          128.272076,
          128.717431,
          127.437825,
          126.495543
        ]
      },
      {
        "date": "2026-04-24",
        "close": 131.471375,
        "volume": 99227,
        "typical_volume": 73241.4,
        "trend": 125.718394,
        "fair_value": 112.504328,
        "relative_strength": -1.730048,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 54.410802,
        "energy": 24.756576,
        "activity_lines": [
          129.271857,
          129.217322,
          127.94127,
          126.88402
        ]
      },
      {
        "date": "2026-05-01",
        "close": 130.471588,
        "volume": 26796,
        "typical_volume": 72107.4,
        "trend": 125.936814,
        "fair_value": 112.516304,
        "relative_strength": -2.136923,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 49.841601,
        "energy": 26.044446,
        "activity_lines": [
          129.838398,
          129.453633,
          128.311279,
          127.190677
        ]
      },
      {
        "date": "2026-05-15",
        "close": 129.5,
        "volume": 82212,
        "typical_volume": 73997.4,
        "trend": 126.122848,
        "fair_value": 112.554005,
        "relative_strength": -1.093742,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 47.697497,
        "energy": 26.546161,
        "activity_lines": [
          129.981098,
          129.44967,
          128.555299,
          127.42056
        ]
      },
      {
        "date": "2026-05-22",
        "close": 127.0,
        "volume": 60695,
        "typical_volume": 76094.55,
        "trend": 126.225549,
        "fair_value": 112.665148,
        "relative_strength": -5.347344,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 41.675998,
        "energy": 20.701609,
        "activity_lines": [
          129.121955,
          129.017915,
          128.532394,
          127.477151
        ]
      },
      {
        "date": "2026-05-29",
        "close": 129.5,
        "volume": 93093,
        "typical_volume": 78756.3,
        "trend": 126.394927,
        "fair_value": 112.817879,
        "relative_strength": -2.819759,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 35.430299,
        "energy": 15.635239,
        "activity_lines": [
          129.094303,
          129.094736,
          128.730659,
          127.688406
        ]
      },
      {
        "date": "2026-06-05",
        "close": 129.5,
        "volume": 2594,
        "typical_volume": 77798.25,
        "trend": 126.564305,
        "fair_value": 112.887533,
        "relative_strength": -2.333459,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 34.290517,
        "energy": 14.002275,
        "activity_lines": [
          129.064773,
          129.180134,
          128.900094,
          127.888733
        ]
      },
      {
        "date": "2026-06-12",
        "close": 130.0,
        "volume": 749,
        "typical_volume": 76513.15,
        "trend": 126.766122,
        "fair_value": 112.950806,
        "relative_strength": -2.822916,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 35.693373,
        "energy": 14.757456,
        "activity_lines": [
          129.333333,
          129.365018,
          129.088319,
          128.110391
        ]
      },
      {
        "date": "2026-06-19",
        "close": 130.0,
        "volume": 1000,
        "typical_volume": 71740.75,
        "trend": 126.967939,
        "fair_value": 113.014079,
        "relative_strength": -1.707683,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.388203,
        "energy": 21.025251,
        "activity_lines": [
          129.633333,
          129.531209,
          129.247712,
          128.319028
        ]
      },
      {
        "date": "2026-06-26",
        "close": 130.0,
        "volume": 1608,
        "typical_volume": 70054.65,
        "trend": 127.169756,
        "fair_value": 113.077352,
        "relative_strength": -2.952668,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.136859,
        "energy": 23.641564,
        "activity_lines": [
          129.9,
          129.642351,
          129.375895,
          128.514645
        ]
      },
      {
        "date": "2026-07-03",
        "close": 129.973,
        "volume": 290,
        "typical_volume": 62730.9,
        "trend": 127.370672,
        "fair_value": 113.200997,
        "relative_strength": -4.385063,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.066081,
        "energy": 23.148839,
        "activity_lines": [
          129.957667,
          129.693537,
          129.460776,
          128.695499
        ]
      },
      {
        "date": "2026-07-10",
        "close": 129.973,
        "volume": 5655,
        "typical_volume": 59482.3,
        "trend": 127.588249,
        "fair_value": 113.327839,
        "relative_strength": -2.583237,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.908779,
        "energy": 20.393663,
        "activity_lines": [
          129.9838,
          129.735611,
          129.531367,
          128.863391
        ]
      },
      {
        "date": "2026-07-17",
        "close": 129.973,
        "volume": 8614,
        "typical_volume": 58110.2,
        "trend": 127.805825,
        "fair_value": 113.45468,
        "relative_strength": -3.364346,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 43.911761,
        "energy": 18.625348,
        "activity_lines": [
          129.9784,
          129.804927,
          129.587671,
          129.017246
        ]
      },
      {
        "date": "2026-07-24",
        "close": 130.9728,
        "volume": 1830625,
        "typical_volume": 148710.6,
        "trend": 128.056727,
        "fair_value": 113.58793,
        "relative_strength": -3.658028,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.812998,
        "energy": 20.038041,
        "activity_lines": [
          130.308067,
          130.065091,
          129.724904,
          129.221567
        ]
      },
      {
        "date": "2026-07-31",
        "close": 134.4721,
        "volume": 116038,
        "typical_volume": 151080.3,
        "trend": 128.424274,
        "fair_value": 113.743612,
        "relative_strength": -2.130432,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.893351,
        "energy": 33.495263,
        "activity_lines": [
          131.739313,
          130.934713,
          130.195398,
          129.635462
        ]
      },
      {
        "date": "2026-08-07",
        "close": 138.0,
        "volume": 76788,
        "typical_volume": 152649.3,
        "trend": 128.909416,
        "fair_value": 113.921908,
        "relative_strength": 0.235929,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.468496,
        "energy": 52.674124,
        "activity_lines": [
          134.048387,
          132.309915,
          130.980451,
          130.253251
        ]
      }
    ],
    "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."
    }
  }
}