{
  "ticker": {
    "uuid": "6ce3b74d-d4fe-4d06-be57-c1913825d371",
    "symbol": "300784",
    "name": "Ningbo Lian Technology Co.,Ltd",
    "exchange": "SHZ",
    "country": "CN",
    "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": "399001.SZ",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -64.375,
    "architecture_energy": 72.786,
    "architecture_maturity": 54.128,
    "architecture_confidence": 85.567,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 7.1,
        "rotation_up": 11.43,
        "upward_expansion": 16.26,
        "deceleration": 39.43,
        "rotation_down": 71.37,
        "downward_expansion": 89.59
      },
      "activity_lines": [
        38.208,
        40.030364,
        43.377125,
        45.556852
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 39.93,
    "trend_reference": 48.494381,
    "distance_from_trend": -0.176606,
    "trend_direction": "Weakening",
    "fair_value": 54.457471,
    "distance_from_fair_value": -0.266767,
    "fair_value_direction": "Weakening",
    "relative_strength": -23.857549,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.369945,
    "excess_performance": -0.377345,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.176606,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.061004,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.266767,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.200739,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.238575,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.035438,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.369945,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.839879,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 3153119,
      "relative_activity": 0.898797,
      "balance": 0.839879,
      "dry_up": 0.99932,
      "accumulation_observations": 2,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.107358,
      "annualized_volatility": 0.403489,
      "from_high_reference": -0.373588,
      "from_low_reference": 0.167885
    },
    "levels": {
      "trend_reference": 48.494381,
      "fair_value_reference": 54.457471,
      "structural_low": 34.189999,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 6,
        "median_return": 0.02057,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.043699,
        "regime_survival": 0.833333,
        "best_return": 0.112802,
        "worst_return": -0.200422,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": -0.051047,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.147438,
        "regime_survival": 0.5,
        "best_return": -0.010887,
        "worst_return": -0.091208,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": -0.040516,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.24962,
        "regime_survival": 1.0,
        "best_return": -0.040516,
        "worst_return": -0.040516,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-12",
        "end": "2026-01-23",
        "tenure": "Developing",
        "return": 0.092944,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-01-30",
        "end": "2026-03-06",
        "tenure": "Developing",
        "return": -0.168945,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-03-13",
        "end": "2026-03-20",
        "tenure": "New",
        "return": -0.063204,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-27",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": -0.169799,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2024-06-07",
        "close": 125.06633,
        "volume": 11708760,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-14",
        "close": 85.389771,
        "volume": 28394331,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-21",
        "close": 69.525055,
        "volume": 23482533,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-28",
        "close": 68.441803,
        "volume": 22937690,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-05",
        "close": 59.913662,
        "volume": 17012114,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-12",
        "close": 60.898438,
        "volume": 16727395,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-19",
        "close": 57.215378,
        "volume": 8966770,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-26",
        "close": 53.453541,
        "volume": 7348360,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-02",
        "close": 54.812534,
        "volume": 9350219,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-09",
        "close": 52.045319,
        "volume": 7516724,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-16",
        "close": 51.099934,
        "volume": 6127408,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-23",
        "close": 52.193035,
        "volume": 9108869,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-30",
        "close": 53.069477,
        "volume": 12175032,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-06",
        "close": 48.706932,
        "volume": 7535670,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-13",
        "close": 46.05994,
        "volume": 5670406,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-20",
        "close": 44.556915,
        "volume": 3379204,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-27",
        "close": 50.885452,
        "volume": 8084996,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-04",
        "close": 61.06057,
        "volume": 5223254,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-11",
        "close": 66.251953,
        "volume": 18066373,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-18",
        "close": 62.197731,
        "volume": 12257034,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-25",
        "close": 63.779861,
        "volume": 10359561,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-01",
        "close": 59.893745,
        "volume": 7854237,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-08",
        "close": 65.62899,
        "volume": 10192677,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-15",
        "close": 59.824524,
        "volume": 9613712,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-22",
        "close": 61.199009,
        "volume": 9142554,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-29",
        "close": 66.924362,
        "volume": 18455113,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-06",
        "close": 67.834091,
        "volume": 12050103,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-13",
        "close": 69.920532,
        "volume": 12826075,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-20",
        "close": 66.054192,
        "volume": 6597074,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-27",
        "close": 60.536488,
        "volume": 4704700,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-03",
        "close": 50.934895,
        "volume": 4153672,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-10",
        "close": 51.814964,
        "volume": 4858442,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-17",
        "close": 55.453876,
        "volume": 10445307,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-24",
        "close": 55.345104,
        "volume": 4880418,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-31",
        "close": 53.486092,
        "volume": 784200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-07",
        "close": 56.620697,
        "volume": 3144669,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-14",
        "close": 56.769024,
        "volume": 4303771,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-21",
        "close": 57.421654,
        "volume": 4873683,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-28",
        "close": 55.22644,
        "volume": 5465629,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-07",
        "close": 58.272057,
        "volume": 5871174,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-14",
        "close": 57.649086,
        "volume": 3534278,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-21",
        "close": 58.351158,
        "volume": 6814432,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-28",
        "close": 55.028675,
        "volume": 3621251,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-04",
        "close": 54.138721,
        "volume": 1948586,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-11",
        "close": 46.781792,
        "volume": 4500561,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-18",
        "close": 47.691517,
        "volume": 3652930,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-25",
        "close": 54.188164,
        "volume": 12838626,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-02",
        "close": 52.141277,
        "volume": 4631697,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-09",
        "close": 52.40826,
        "volume": 5937406,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-16",
        "close": 53.575085,
        "volume": 5571670,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-23",
        "close": 56.869446,
        "volume": 9239997,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-30",
        "close": 51.083256,
        "volume": 5990342,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-06-06",
        "close": 51.708515,
        "volume": 2777200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-06-13",
        "close": 52.562057,
        "volume": 8350025,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-06-20",
        "close": 50.497688,
        "volume": 6002350,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-06-27",
        "close": 52.423107,
        "volume": 3591800,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-07-04",
        "close": 51.708515,
        "volume": 3221200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-07-11",
        "close": 52.423107,
        "volume": 3124000,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-07-18",
        "close": 53.703415,
        "volume": 4589430,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-07-25",
        "close": 54.328686,
        "volume": 3925041,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-08-01",
        "close": 53.326271,
        "volume": 4063906,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-08-08",
        "close": 54.685974,
        "volume": 3863475,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-08-15",
        "close": 55.082973,
        "volume": 4227567,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-08-22",
        "close": 56.561779,
        "volume": 5931079,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-08-29",
        "close": 55.033348,
        "volume": 7151753,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-09-05",
        "close": 57.861931,
        "volume": 8968091,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-09-12",
        "close": 57.752758,
        "volume": 8579449,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-09-19",
        "close": 56.084717,
        "volume": 5359827,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-09-26",
        "close": 53.285957,
        "volume": 4194158,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-10-03",
        "close": 53.325798,
        "volume": 1128000,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-10-10",
        "close": 53.475197,
        "volume": 1153266,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-10-17",
        "close": 51.801918,
        "volume": 2638574,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-10-24",
        "close": 54.242115,
        "volume": 2948388,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-10-31",
        "close": 53.654476,
        "volume": 2579711,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-11-07",
        "close": 53.156479,
        "volume": 2096916,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-11-14",
        "close": 54.491116,
        "volume": 3399372,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-11-21",
        "close": 49.252163,
        "volume": 2822400,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-11-28",
        "close": 50.995159,
        "volume": 2278200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-12-05",
        "close": 51.194363,
        "volume": 1949333,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-12-12",
        "close": 49.401558,
        "volume": 2126219,
        "typical_volume": 3872984.2,
        "trend": 53.399128,
        "fair_value": 56.871399,
        "relative_strength": -23.117231,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.241808,
        "energy": 71.582005,
        "activity_lines": [
          50.517744,
          51.538975,
          52.826668,
          53.203569
        ]
      },
      {
        "date": "2025-12-19",
        "close": 49.570881,
        "volume": 1813224,
        "typical_volume": 3760450.1,
        "trend": 53.155843,
        "fair_value": 56.781269,
        "relative_strength": -21.401809,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.295541,
        "energy": 68.362199,
        "activity_lines": [
          50.01908,
          51.067053,
          52.430247,
          52.956585
        ]
      },
      {
        "date": "2025-12-26",
        "close": 49.560921,
        "volume": 1715375,
        "typical_volume": 3653045.1,
        "trend": 53.105098,
        "fair_value": 56.693216,
        "relative_strength": -23.471833,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.87082,
        "energy": 68.179163,
        "activity_lines": [
          49.845113,
          50.664307,
          52.05076,
          52.724655
        ]
      },
      {
        "date": "2026-01-02",
        "close": 50.019081,
        "volume": 1099116,
        "typical_volume": 3496622.55,
        "trend": 53.048784,
        "fair_value": 56.612805,
        "relative_strength": -21.85684,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.062697,
        "energy": 62.727682,
        "activity_lines": [
          49.803281,
          50.385608,
          51.739313,
          52.525557
        ]
      },
      {
        "date": "2026-01-09",
        "close": 51.035,
        "volume": 3161524,
        "typical_volume": 3358144.8,
        "trend": 52.997882,
        "fair_value": 56.546403,
        "relative_strength": -23.106766,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.172819,
        "energy": 39.824959,
        "activity_lines": [
          50.16516,
          50.368405,
          51.548733,
          52.395636
        ]
      },
      {
        "date": "2026-01-16",
        "close": 52.827801,
        "volume": 4795298,
        "typical_volume": 3240322.05,
        "trend": 53.075552,
        "fair_value": 56.502654,
        "relative_strength": -20.732331,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -33.481719,
        "energy": 20.374866,
        "activity_lines": [
          51.135265,
          50.724792,
          51.555214,
          52.384663
        ]
      },
      {
        "date": "2026-01-23",
        "close": 53.993118,
        "volume": 2589915,
        "typical_volume": 2921413.25,
        "trend": 53.127886,
        "fair_value": 56.473474,
        "relative_strength": -19.329032,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -9.924925,
        "energy": 16.136126,
        "activity_lines": [
          52.265392,
          51.299031,
          51.683181,
          52.443861
        ]
      },
      {
        "date": "2026-01-30",
        "close": 63.375431,
        "volume": 17503205,
        "typical_volume": 3367601.05,
        "trend": 53.516783,
        "fair_value": 56.552807,
        "relative_strength": -3.430139,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 51.878456,
        "energy": 51.240224,
        "activity_lines": [
          56.228141,
          53.588199,
          52.723124,
          53.104992
        ]
      },
      {
        "date": "2026-02-06",
        "close": 56.791874,
        "volume": 9426655,
        "typical_volume": 3570942.45,
        "trend": 53.662409,
        "fair_value": 56.555523,
        "relative_strength": -11.1306,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 24.762358,
        "energy": 49.29045,
        "activity_lines": [
          57.075403,
          54.423571,
          53.109287,
          53.316289
        ]
      },
      {
        "date": "2026-02-13",
        "close": 55.855637,
        "volume": 4021686,
        "typical_volume": 3562318.85,
        "trend": 53.734149,
        "fair_value": 56.547659,
        "relative_strength": -13.316103,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 24.809218,
        "energy": 53.371288,
        "activity_lines": [
          57.159067,
          54.983322,
          53.402917,
          53.457787
        ]
      },
      {
        "date": "2026-02-27",
        "close": 56.184315,
        "volume": 3073371,
        "typical_volume": 3659587.4,
        "trend": 53.796004,
        "fair_value": 56.543622,
        "relative_strength": -14.697559,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 34.237857,
        "energy": 59.793543,
        "activity_lines": [
          57.030915,
          55.518083,
          53.715613,
          53.615862
        ]
      },
      {
        "date": "2026-03-06",
        "close": 52.668438,
        "volume": 5013921,
        "typical_volume": 3852620.15,
        "trend": 53.774076,
        "fair_value": 56.501038,
        "relative_strength": -17.697796,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 15.009,
        "energy": 15.726687,
        "activity_lines": [
          55.507036,
          55.290271,
          53.679852,
          53.543116
        ]
      },
      {
        "date": "2026-03-13",
        "close": 52.160477,
        "volume": 4200571,
        "typical_volume": 3930720.0,
        "trend": 53.689893,
        "fair_value": 56.453858,
        "relative_strength": -18.511438,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -7.766367,
        "energy": 11.046004,
        "activity_lines": [
          53.902149,
          54.913783,
          53.599555,
          53.439013
        ]
      },
      {
        "date": "2026-03-20",
        "close": 48.863724,
        "volume": 3616578,
        "typical_volume": 3964129.5,
        "trend": 53.482584,
        "fair_value": 56.372243,
        "relative_strength": -20.79246,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -29.61212,
        "energy": 28.237034,
        "activity_lines": [
          51.946007,
          53.89062,
          53.203575,
          53.127647
        ]
      },
      {
        "date": "2026-03-27",
        "close": 48.096802,
        "volume": 3791433,
        "typical_volume": 4024715.6,
        "trend": 53.200418,
        "fair_value": 56.284207,
        "relative_strength": -20.763199,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.877791,
        "energy": 48.156697,
        "activity_lines": [
          50.262769,
          52.749024,
          52.760165,
          52.780178
        ]
      },
      {
        "date": "2026-04-03",
        "close": 45.875725,
        "volume": 3331774,
        "typical_volume": 4086458.5,
        "trend": 52.895164,
        "fair_value": 56.174644,
        "relative_strength": -21.516512,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.821263,
        "energy": 70.062363,
        "activity_lines": [
          48.356426,
          51.257017,
          52.13169,
          52.307617
        ]
      },
      {
        "date": "2026-04-10",
        "close": 49.28204,
        "volume": 2699611,
        "typical_volume": 4051470.45,
        "trend": 52.609168,
        "fair_value": 56.102846,
        "relative_strength": -20.705466,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.01732,
        "energy": 63.949731,
        "activity_lines": [
          48.272762,
          50.510742,
          51.862296,
          52.074512
        ]
      },
      {
        "date": "2026-04-17",
        "close": 50.128643,
        "volume": 3104451,
        "typical_volume": 4065573.0,
        "trend": 52.355031,
        "fair_value": 56.041256,
        "relative_strength": -21.984172,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.741445,
        "energy": 51.618998,
        "activity_lines": [
          48.697059,
          50.004051,
          51.698336,
          51.914478
        ]
      },
      {
        "date": "2026-04-24",
        "close": 48.485241,
        "volume": 2935055,
        "typical_volume": 4098415.75,
        "trend": 52.101715,
        "fair_value": 55.964154,
        "relative_strength": -24.26894,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.475935,
        "energy": 40.187358,
        "activity_lines": [
          48.70901,
          49.439409,
          51.373687,
          51.664814
        ]
      },
      {
        "date": "2026-05-01",
        "close": 50.268082,
        "volume": 2911476,
        "typical_volume": 4146522.9,
        "trend": 52.001119,
        "fair_value": 55.906618,
        "relative_strength": -21.601691,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -49.87554,
        "energy": 26.54083,
        "activity_lines": [
          49.340474,
          49.349951,
          51.230785,
          51.546515
        ]
      },
      {
        "date": "2026-05-08",
        "close": 52.180397,
        "volume": 2333729,
        "typical_volume": 4156898.4,
        "trend": 51.962939,
        "fair_value": 55.869356,
        "relative_strength": -20.313738,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -30.080421,
        "energy": 15.567315,
        "activity_lines": [
          50.464624,
          49.709778,
          51.274419,
          51.558082
        ]
      },
      {
        "date": "2026-05-15",
        "close": 52.678398,
        "volume": 5826228,
        "typical_volume": 4357548.6,
        "trend": 51.936379,
        "fair_value": 55.837762,
        "relative_strength": -18.876949,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -19.394235,
        "energy": 15.282524,
        "activity_lines": [
          51.334463,
          50.232949,
          51.352249,
          51.60424
        ]
      },
      {
        "date": "2026-05-22",
        "close": 52.210278,
        "volume": 5376232,
        "typical_volume": 4540591.45,
        "trend": 51.949991,
        "fair_value": 55.802199,
        "relative_strength": -19.068594,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -18.638187,
        "energy": 18.382826,
        "activity_lines": [
          51.821839,
          50.670826,
          51.370699,
          51.621911
        ]
      },
      {
        "date": "2026-05-29",
        "close": 45.09,
        "volume": 7450385,
        "typical_volume": 4858154.9,
        "trend": 51.644921,
        "fair_value": 55.698197,
        "relative_strength": -29.11055,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.882182,
        "energy": 24.764083,
        "activity_lines": [
          49.797012,
          49.813202,
          50.698411,
          51.179331
        ]
      },
      {
        "date": "2026-06-05",
        "close": 44.41,
        "volume": 1033900,
        "typical_volume": 4751773.7,
        "trend": 51.336771,
        "fair_value": 55.589656,
        "relative_strength": -28.253148,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.001119,
        "energy": 52.174288,
        "activity_lines": [
          47.771868,
          48.900555,
          49.984833,
          50.712562
        ]
      },
      {
        "date": "2026-06-12",
        "close": 46.400002,
        "volume": 2388007,
        "typical_volume": 4631409.15,
        "trend": 51.111556,
        "fair_value": 55.502136,
        "relative_strength": -22.549914,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.836612,
        "energy": 58.447848,
        "activity_lines": [
          46.800598,
          48.416758,
          49.492326,
          50.394061
        ]
      },
      {
        "date": "2026-06-19",
        "close": 47.400002,
        "volume": 6531035,
        "typical_volume": 4828465.15,
        "trend": 50.875185,
        "fair_value": 55.4257,
        "relative_strength": -25.34656,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.82817,
        "energy": 62.042307,
        "activity_lines": [
          46.54802,
          48.105248,
          49.125666,
          50.154606
        ]
      },
      {
        "date": "2026-06-26",
        "close": 43.709999,
        "volume": 935628,
        "typical_volume": 4000086.3,
        "trend": 50.690446,
        "fair_value": 55.316208,
        "relative_strength": -29.292381,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.348053,
        "energy": 68.865113,
        "activity_lines": [
          45.417334,
          47.157047,
          48.438973,
          49.692336
        ]
      },
      {
        "date": "2026-07-03",
        "close": 43.82,
        "volume": 1049516,
        "typical_volume": 3581229.35,
        "trend": 50.451274,
        "fair_value": 55.209762,
        "relative_strength": -27.476812,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.378399,
        "energy": 61.85661,
        "activity_lines": [
          44.89,
          46.345549,
          47.856401,
          49.249081
        ]
      },
      {
        "date": "2026-07-10",
        "close": 40.029999,
        "volume": 4441562,
        "typical_volume": 3602223.15,
        "trend": 50.079129,
        "fair_value": 55.070498,
        "relative_strength": -30.544723,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -80.073518,
        "energy": 73.124834,
        "activity_lines": [
          43.184,
          44.929782,
          46.974648,
          48.576741
        ]
      },
      {
        "date": "2026-07-17",
        "close": 37.900002,
        "volume": 3471953,
        "typical_volume": 3622152.25,
        "trend": 49.695744,
        "fair_value": 54.914402,
        "relative_strength": -27.030148,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -82.462908,
        "energy": 83.38306,
        "activity_lines": [
          41.06,
          43.312891,
          45.965398,
          47.790991
        ]
      },
      {
        "date": "2026-07-24",
        "close": 35.080002,
        "volume": 3952737,
        "typical_volume": 3569093.05,
        "trend": 49.212714,
        "fair_value": 54.735714,
        "relative_strength": -31.97241,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -84.634244,
        "energy": 89.167183,
        "activity_lines": [
          38.562668,
          41.442915,
          44.774645,
          46.848039
        ]
      },
      {
        "date": "2026-07-31",
        "close": 38.099998,
        "volume": 3445269,
        "typical_volume": 3531327.95,
        "trend": 48.830684,
        "fair_value": 54.587181,
        "relative_strength": -24.249777,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.768037,
        "energy": 82.49345,
        "activity_lines": [
          37.893333,
          40.442,
          43.955264,
          46.13109
        ]
      },
      {
        "date": "2026-08-07",
        "close": 39.93,
        "volume": 3153119,
        "typical_volume": 3508155.0,
        "trend": 48.494381,
        "fair_value": 54.457471,
        "relative_strength": -23.857549,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.374867,
        "energy": 72.785743,
        "activity_lines": [
          38.208,
          40.030364,
          43.377125,
          45.556852
        ]
      }
    ],
    "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."
    }
  }
}