{
  "ticker": {
    "uuid": "6eb1aecd-2d87-4364-800a-27a05b2afa97",
    "symbol": "271050",
    "name": "KODEX WTI CrudeOil Futures Inverse(H)",
    "exchange": "KSC",
    "country": "KR",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^KS11",
    "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": -43.165,
    "architecture_energy": 40.582,
    "architecture_maturity": 76.871,
    "architecture_confidence": 64.021,
    "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": 32.06,
        "rotation_up": 11.97,
        "upward_expansion": 12.56,
        "deceleration": 62.6,
        "rotation_down": 63.8,
        "downward_expansion": 69.23
      },
      "activity_lines": [
        2142.533333,
        2228.690909,
        2178.809524,
        2292.989247
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 2200.0,
    "trend_reference": 2610.566667,
    "distance_from_trend": -0.157271,
    "trend_direction": "Weakening",
    "fair_value": 3942.99359,
    "distance_from_fair_value": -0.442048,
    "fair_value_direction": "Improving",
    "relative_strength": -51.090635,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.426336,
    "excess_performance": -0.656165,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.157271,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.207085,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.442048,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.064538,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.510906,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.213866,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.426336,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.486358,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 6863984,
      "relative_activity": 0.231442,
      "balance": 1.486358,
      "dry_up": 0.295091,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.088217,
      "annualized_volatility": 0.668854,
      "from_high_reference": -0.511111,
      "from_low_reference": 0.226994
    },
    "levels": {
      "trend_reference": 2610.566667,
      "fair_value_reference": 3942.99359,
      "structural_low": 1793.0,
      "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": 31,
        "median_return": -0.013341,
        "positive_rate": 0.451613,
        "directional_follow_through": 0.548387,
        "median_excess_return": -0.010703,
        "regime_survival": 0.806452,
        "best_return": 0.21714,
        "worst_return": -0.356183,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
        "median_return": -0.028745,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.051833,
        "regime_survival": 0.583333,
        "best_return": 0.177861,
        "worst_return": -0.432796,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": -0.028761,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.096547,
        "regime_survival": 0.428571,
        "best_return": 0.192352,
        "worst_return": -0.37373,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.062695,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.187335,
        "regime_survival": 0.25,
        "best_return": 0.17613,
        "worst_return": -0.485391,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-13",
        "end": "2024-11-01",
        "tenure": "Developing",
        "return": -0.060307,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-08",
        "end": "2025-01-10",
        "tenure": "Developing",
        "return": -0.047337,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-01-17",
        "end": "2025-01-24",
        "tenure": "New",
        "return": 0.046296,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-31",
        "end": "2025-03-14",
        "tenure": "Developing",
        "return": 0.080846,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-03-21",
        "end": "2025-04-25",
        "tenure": "Developing",
        "return": 0.058893,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-05-02",
        "end": "2025-06-06",
        "tenure": "Developing",
        "return": -0.061246,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-06-13",
        "end": "2025-07-18",
        "tenure": "Developing",
        "return": 0.03937,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-07-25",
        "end": "2025-07-25",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-08-01",
        "end": "2025-09-12",
        "tenure": "Developing",
        "return": 0.090551,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-09-19",
        "end": "2025-11-28",
        "tenure": "Developing",
        "return": 0.04674,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-12-05",
        "end": "2026-01-16",
        "tenure": "Developing",
        "return": -0.002372,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-23",
        "end": "2026-01-30",
        "tenure": "New",
        "return": -0.066748,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-02-06",
        "end": "2026-02-20",
        "tenure": "New",
        "return": -0.046936,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-02-27",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": -0.408602,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 4520.0,
        "volume": 2225859,
        "typical_volume": 2992573.7,
        "trend": 4975.666667,
        "fair_value": 7549.455128,
        "relative_strength": -9.927191,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.843291,
        "energy": 82.72503,
        "activity_lines": [
          4500.666667,
          4671.454545,
          4871.690476,
          4931.677419
        ]
      },
      {
        "date": "2023-08-25",
        "close": 4555.0,
        "volume": 1755492,
        "typical_volume": 2689256.85,
        "trend": 4970.5,
        "fair_value": 7480.99359,
        "relative_strength": -9.778555,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.83367,
        "energy": 79.048786,
        "activity_lines": [
          4503.666667,
          4620.636364,
          4835.166667,
          4904.537634
        ]
      },
      {
        "date": "2023-09-01",
        "close": 4320.0,
        "volume": 2430280,
        "typical_volume": 2707935.9,
        "trend": 4946.666667,
        "fair_value": 7406.794872,
        "relative_strength": -15.714367,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.14459,
        "energy": 82.128188,
        "activity_lines": [
          4443.0,
          4538.454545,
          4776.97619,
          4862.569892
        ]
      },
      {
        "date": "2023-09-08",
        "close": 4190.0,
        "volume": 2172199,
        "typical_volume": 2662598.35,
        "trend": 4923.166667,
        "fair_value": 7323.076923,
        "relative_strength": -17.391857,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -81.772519,
        "energy": 79.630781,
        "activity_lines": [
          4355.666667,
          4451.181818,
          4707.52381,
          4813.752688
        ]
      },
      {
        "date": "2023-09-15",
        "close": 3985.0,
        "volume": 2793614,
        "typical_volume": 2573518.4,
        "trend": 4892.666667,
        "fair_value": 7247.884615,
        "relative_strength": -22.703129,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -87.826902,
        "energy": 91.733661,
        "activity_lines": [
          4218.333333,
          4345.818182,
          4621.809524,
          4753.225806
        ]
      },
      {
        "date": "2023-09-22",
        "close": 3995.0,
        "volume": 2469706,
        "typical_volume": 2447906.2,
        "trend": 4858.833333,
        "fair_value": 7170.064103,
        "relative_strength": -19.209305,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.423184,
        "energy": 91.986614,
        "activity_lines": [
          4112.0,
          4262.090909,
          4541.761905,
          4695.311828
        ]
      },
      {
        "date": "2023-09-29",
        "close": 3940.0,
        "volume": 1704887,
        "typical_volume": 2357120.1,
        "trend": 4827.333333,
        "fair_value": 7092.179487,
        "relative_strength": -18.364598,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.464407,
        "energy": 91.584414,
        "activity_lines": [
          4022.333333,
          4182.545455,
          4463.166667,
          4636.032258
        ]
      },
      {
        "date": "2023-10-06",
        "close": 4340.0,
        "volume": 3499308,
        "typical_volume": 2419666.5,
        "trend": 4803.333333,
        "fair_value": 7017.24359,
        "relative_strength": -7.753536,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.173165,
        "energy": 75.311084,
        "activity_lines": [
          4107.0,
          4190.909091,
          4428.952381,
          4604.591398
        ]
      },
      {
        "date": "2023-10-13",
        "close": 4240.0,
        "volume": 1943029,
        "typical_volume": 2397379.9,
        "trend": 4761.166667,
        "fair_value": 6943.076923,
        "relative_strength": -11.350507,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.040687,
        "energy": 60.25741,
        "activity_lines": [
          4157.0,
          4185.272727,
          4388.809524,
          4568.247312
        ]
      },
      {
        "date": "2023-10-20",
        "close": 3925.0,
        "volume": 3033805,
        "typical_volume": 2360270.2,
        "trend": 4711.666667,
        "fair_value": 6866.185897,
        "relative_strength": -14.741598,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -80.356897,
        "energy": 62.370651,
        "activity_lines": [
          4098.666667,
          4126.454545,
          4322.952381,
          4514.301075
        ]
      },
      {
        "date": "2023-10-27",
        "close": 4120.0,
        "volume": 1953212,
        "typical_volume": 2346439.45,
        "trend": 4679.333333,
        "fair_value": 6778.621795,
        "relative_strength": -7.521715,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.191506,
        "energy": 46.485293,
        "activity_lines": [
          4109.333333,
          4111.727273,
          4281.785714,
          4476.129032
        ]
      },
      {
        "date": "2023-11-03",
        "close": 4195.0,
        "volume": 1715834,
        "typical_volume": 2342316.25,
        "trend": 4662.333333,
        "fair_value": 6697.596154,
        "relative_strength": -8.358189,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.733095,
        "energy": 42.388689,
        "activity_lines": [
          4136.666667,
          4117.909091,
          4252.952381,
          4444.88172
        ]
      },
      {
        "date": "2023-11-10",
        "close": 4530.0,
        "volume": 3021993,
        "typical_volume": 2349327.1,
        "trend": 4661.5,
        "fair_value": 6626.602564,
        "relative_strength": -2.823773,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -28.251298,
        "energy": 24.091909,
        "activity_lines": [
          4258.666667,
          4191.545455,
          4260.714286,
          4436.344086
        ]
      },
      {
        "date": "2023-11-17",
        "close": 4695.0,
        "volume": 2686502,
        "typical_volume": 2373301.55,
        "trend": 4655.5,
        "fair_value": 6559.230769,
        "relative_strength": -1.713411,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 9.139087,
        "energy": 19.82855,
        "activity_lines": [
          4423.0,
          4291.363636,
          4288.047619,
          4438.505376
        ]
      },
      {
        "date": "2023-11-24",
        "close": 4490.0,
        "volume": 1842216,
        "typical_volume": 2440322.2,
        "trend": 4639.333333,
        "fair_value": 6497.147436,
        "relative_strength": -6.805749,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -4.08267,
        "energy": 23.421625,
        "activity_lines": [
          4488.666667,
          4344.727273,
          4298.47619,
          4427.827957
        ]
      },
      {
        "date": "2023-12-01",
        "close": 4525.0,
        "volume": 2323941,
        "typical_volume": 2438967.65,
        "trend": 4610.166667,
        "fair_value": 6437.980769,
        "relative_strength": -6.261992,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 0.820505,
        "energy": 25.46015,
        "activity_lines": [
          4528.333333,
          4395.272727,
          4315.02381,
          4420.451613
        ]
      },
      {
        "date": "2023-12-08",
        "close": 4835.0,
        "volume": 4323060,
        "typical_volume": 2466464.65,
        "trend": 4596.0,
        "fair_value": 6381.730769,
        "relative_strength": -0.03888,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 39.514991,
        "energy": 42.502196,
        "activity_lines": [
          4644.333333,
          4492.545455,
          4362.285714,
          4434.956989
        ]
      },
      {
        "date": "2023-12-15",
        "close": 4760.0,
        "volume": 2279986,
        "typical_volume": 2481879.7,
        "trend": 4584.833333,
        "fair_value": 6327.371795,
        "relative_strength": -3.06132,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 30.96969,
        "energy": 51.753395,
        "activity_lines": [
          4692.666667,
          4559.909091,
          4402.119048,
          4445.537634
        ]
      },
      {
        "date": "2023-12-22",
        "close": 4605.0,
        "volume": 907341,
        "typical_volume": 2446614.7,
        "trend": 4567.0,
        "fair_value": 6272.051282,
        "relative_strength": -7.182078,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 22.478959,
        "energy": 36.554767,
        "activity_lines": [
          4674.0,
          4591.454545,
          4426.285714,
          4446.83871
        ]
      },
      {
        "date": "2023-12-29",
        "close": 4615.0,
        "volume": 1058907,
        "typical_volume": 2307058.55,
        "trend": 4547.166667,
        "fair_value": 6216.634615,
        "relative_strength": -8.51877,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 29.444435,
        "energy": 30.488571,
        "activity_lines": [
          4664.666667,
          4618.181818,
          4450.738095,
          4449.935484
        ]
      },
      {
        "date": "2024-01-05",
        "close": 4690.0,
        "volume": 2105019,
        "typical_volume": 2301016.55,
        "trend": 4529.833333,
        "fair_value": 6166.50641,
        "relative_strength": -3.831971,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 29.345671,
        "energy": 26.581834,
        "activity_lines": [
          4672.0,
          4646.0,
          4481.309524,
          4459.150538
        ]
      },
      {
        "date": "2024-01-12",
        "close": 4640.0,
        "volume": 2333560,
        "typical_volume": 2329919.95,
        "trend": 4511.833333,
        "fair_value": 6119.166667,
        "relative_strength": -2.649467,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 15.980908,
        "energy": 17.096699,
        "activity_lines": [
          4651.666667,
          4654.363636,
          4506.309524,
          4466.258065
        ]
      },
      {
        "date": "2024-01-19",
        "close": 4625.0,
        "volume": 1253747,
        "typical_volume": 2271093.3,
        "trend": 4488.0,
        "fair_value": 6070.705128,
        "relative_strength": -0.808083,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 13.901395,
        "energy": 16.003412,
        "activity_lines": [
          4639.333333,
          4651.909091,
          4529.47619,
          4473.55914
        ]
      },
      {
        "date": "2024-01-26",
        "close": 4445.0,
        "volume": 2272658,
        "typical_volume": 2276116.25,
        "trend": 4461.333333,
        "fair_value": 6020.833333,
        "relative_strength": -4.792621,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 30.995542,
        "energy": 16.392011,
        "activity_lines": [
          4576.0,
          4615.0,
          4534.047619,
          4470.784946
        ]
      },
      {
        "date": "2024-02-02",
        "close": 4605.0,
        "volume": 2410778,
        "typical_volume": 2256974.45,
        "trend": 4445.666667,
        "fair_value": 5977.980769,
        "relative_strength": -6.265459,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.75883,
        "energy": 16.8248,
        "activity_lines": [
          4576.666667,
          4611.727273,
          4552.642857,
          4480.053763
        ]
      },
      {
        "date": "2024-02-09",
        "close": 4595.0,
        "volume": 1319858,
        "typical_volume": 2199482.05,
        "trend": 4439.666667,
        "fair_value": 5936.923077,
        "relative_strength": -6.429052,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.910406,
        "energy": 16.537784,
        "activity_lines": [
          4574.666667,
          4604.545455,
          4567.333333,
          4489.688172
        ]
      },
      {
        "date": "2024-02-16",
        "close": 4390.0,
        "volume": 2622745,
        "typical_volume": 2245374.95,
        "trend": 4426.833333,
        "fair_value": 5896.570513,
        "relative_strength": -11.252339,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 3.453016,
        "energy": 9.966947,
        "activity_lines": [
          4510.666667,
          4558.818182,
          4559.642857,
          4486.483871
        ]
      },
      {
        "date": "2024-02-23",
        "close": 4365.0,
        "volume": 1981608,
        "typical_volume": 2169489.95,
        "trend": 4420.0,
        "fair_value": 5859.166667,
        "relative_strength": -11.99371,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -1.838051,
        "energy": 11.410381,
        "activity_lines": [
          4455.0,
          4516.636364,
          4547.428571,
          4482.494624
        ]
      },
      {
        "date": "2024-03-01",
        "close": 4335.0,
        "volume": 1610768,
        "typical_volume": 2152876.9,
        "trend": 4415.666667,
        "fair_value": 5823.429487,
        "relative_strength": -11.423243,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -24.455124,
        "energy": 29.492919,
        "activity_lines": [
          4406.666667,
          4476.181818,
          4532.238095,
          4477.010753
        ]
      },
      {
        "date": "2024-03-08",
        "close": 4285.0,
        "volume": 2132832,
        "typical_volume": 2107828.25,
        "trend": 4411.833333,
        "fair_value": 5788.621795,
        "relative_strength": -13.222354,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -30.014629,
        "energy": 48.6998,
        "activity_lines": [
          4349.0,
          4431.545455,
          4511.833333,
          4468.580645
        ]
      },
      {
        "date": "2024-03-15",
        "close": 4200.0,
        "volume": 2252648,
        "typical_volume": 2122800.05,
        "trend": 4401.166667,
        "fair_value": 5748.141026,
        "relative_strength": -13.86277,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -36.853046,
        "energy": 59.144481,
        "activity_lines": [
          4284.333333,
          4377.454545,
          4481.619048,
          4454.913978
        ]
      },
      {
        "date": "2024-03-22",
        "close": 4190.0,
        "volume": 2037999,
        "typical_volume": 2138908.3,
        "trend": 4389.0,
        "fair_value": 5707.435897,
        "relative_strength": -15.99032,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -35.755613,
        "energy": 60.107903,
        "activity_lines": [
          4242.666667,
          4330.454545,
          4450.071429,
          4441.290323
        ]
      },
      {
        "date": "2024-03-29",
        "close": 4110.0,
        "volume": 1223658,
        "typical_volume": 2048991.55,
        "trend": 4382.0,
        "fair_value": 5667.980769,
        "relative_strength": -17.045289,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -49.129328,
        "energy": 67.140061,
        "activity_lines": [
          4187.666667,
          4277.090909,
          4410.928571,
          4423.290323
        ]
      },
      {
        "date": "2024-04-05",
        "close": 3900.0,
        "volume": 2240076,
        "typical_volume": 2026670.25,
        "trend": 4372.333333,
        "fair_value": 5626.185897,
        "relative_strength": -19.957609,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -61.432202,
        "energy": 78.700535,
        "activity_lines": [
          4079.666667,
          4194.909091,
          4353.785714,
          4392.193548
        ]
      },
      {
        "date": "2024-04-12",
        "close": 3935.0,
        "volume": 1296233,
        "typical_volume": 1999371.1,
        "trend": 4370.666667,
        "fair_value": 5588.846154,
        "relative_strength": -17.996779,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -79.578748,
        "energy": 89.392352,
        "activity_lines": [
          4012.333333,
          4129.0,
          4303.761905,
          4363.978495
        ]
      },
      {
        "date": "2024-04-19",
        "close": 4015.0,
        "volume": 2475787,
        "typical_volume": 2006963.4,
        "trend": 4371.333333,
        "fair_value": 5550.25641,
        "relative_strength": -13.082804,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.947048,
        "energy": 83.744849,
        "activity_lines": [
          3995.0,
          4089.818182,
          4264.0,
          4341.032258
        ]
      },
      {
        "date": "2024-04-26",
        "close": 3990.0,
        "volume": 1550166,
        "typical_volume": 1868318.7,
        "trend": 4373.0,
        "fair_value": 5514.00641,
        "relative_strength": -15.275433,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.630763,
        "energy": 83.432543,
        "activity_lines": [
          3981.666667,
          4056.636364,
          4224.285714,
          4316.430108
        ]
      },
      {
        "date": "2024-05-03",
        "close": 4225.0,
        "volume": 1728831,
        "typical_volume": 1840760.95,
        "trend": 4369.166667,
        "fair_value": 5480.160256,
        "relative_strength": -10.401407,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.655781,
        "energy": 51.69707,
        "activity_lines": [
          4060.0,
          4073.454545,
          4210.97619,
          4306.88172
        ]
      },
      {
        "date": "2024-05-10",
        "close": 4185.0,
        "volume": 828322,
        "typical_volume": 1836810.0,
        "trend": 4367.333333,
        "fair_value": 5444.74359,
        "relative_strength": -12.343986,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -44.386928,
        "energy": 33.864621,
        "activity_lines": [
          4117.333333,
          4085.545455,
          4196.404762,
          4295.0
        ]
      },
      {
        "date": "2024-05-17",
        "close": 4200.0,
        "volume": 536261,
        "typical_volume": 1810677.7,
        "trend": 4376.5,
        "fair_value": 5408.365385,
        "relative_strength": -11.479271,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -37.610413,
        "energy": 27.032615,
        "activity_lines": [
          4160.666667,
          4103.090909,
          4185.261905,
          4284.204301
        ]
      },
      {
        "date": "2024-05-24",
        "close": 4310.0,
        "volume": 1379979,
        "typical_volume": 1774425.7,
        "trend": 4382.833333,
        "fair_value": 5376.794872,
        "relative_strength": -7.495804,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -20.816796,
        "energy": 27.697949,
        "activity_lines": [
          4223.0,
          4142.181818,
          4186.571429,
          4279.913978
        ]
      },
      {
        "date": "2024-05-31",
        "close": 4265.0,
        "volume": 798823,
        "typical_volume": 1697688.85,
        "trend": 4385.166667,
        "fair_value": 5346.634615,
        "relative_strength": -6.287792,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -22.62397,
        "energy": 24.799314,
        "activity_lines": [
          4250.666667,
          4171.090909,
          4185.404762,
          4272.311828
        ]
      },
      {
        "date": "2024-06-07",
        "close": 4390.0,
        "volume": 2154572,
        "typical_volume": 1742730.1,
        "trend": 4380.5,
        "fair_value": 5318.333333,
        "relative_strength": -6.216998,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": 6.397685,
        "energy": 20.856526,
        "activity_lines": [
          4301.666667,
          4221.363636,
          4197.928571,
          4272.623656
        ]
      },
      {
        "date": "2024-06-14",
        "close": 4250.0,
        "volume": 1018960,
        "typical_volume": 1680045.2,
        "trend": 4365.666667,
        "fair_value": 5289.551282,
        "relative_strength": -9.94936,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -5.596356,
        "energy": 19.106563,
        "activity_lines": [
          4295.0,
          4241.090909,
          4198.238095,
          4264.204301
        ]
      },
      {
        "date": "2024-06-21",
        "close": 4060.0,
        "volume": 2082481,
        "typical_volume": 1663630.35,
        "trend": 4351.333333,
        "fair_value": 5261.698718,
        "relative_strength": -14.175896,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -31.14928,
        "energy": 15.895176,
        "activity_lines": [
          4220.666667,
          4219.909091,
          4181.380952,
          4244.483871
        ]
      },
      {
        "date": "2024-06-28",
        "close": 4015.0,
        "volume": 1403265,
        "typical_volume": 1667800.7,
        "trend": 4334.333333,
        "fair_value": 5234.711538,
        "relative_strength": -14.950945,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -50.173328,
        "energy": 29.384244,
        "activity_lines": [
          4140.666667,
          4188.272727,
          4162.833333,
          4222.784946
        ]
      },
      {
        "date": "2024-07-05",
        "close": 3945.0,
        "volume": 1948326,
        "typical_volume": 1634079.75,
        "trend": 4304.666667,
        "fair_value": 5206.25,
        "relative_strength": -17.723269,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.116037,
        "energy": 57.037059,
        "activity_lines": [
          4057.0,
          4143.909091,
          4140.380952,
          4197.666667
        ]
      },
      {
        "date": "2024-07-12",
        "close": 3985.0,
        "volume": 1309945,
        "typical_volume": 1600496.6,
        "trend": 4278.833333,
        "fair_value": 5177.051282,
        "relative_strength": -16.331616,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.100114,
        "energy": 66.291498,
        "activity_lines": [
          4008.0,
          4107.636364,
          4123.857143,
          4177.043011
        ]
      },
      {
        "date": "2024-07-19",
        "close": 4045.0,
        "volume": 1689371,
        "typical_volume": 1604426.75,
        "trend": 4260.166667,
        "fair_value": 5149.00641,
        "relative_strength": -12.817371,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.412085,
        "energy": 65.945806,
        "activity_lines": [
          4006.0,
          4086.636364,
          4114.857143,
          4161.956989
        ]
      },
      {
        "date": "2024-07-26",
        "close": 4160.0,
        "volume": 2373919,
        "typical_volume": 1616481.1,
        "trend": 4245.0,
        "fair_value": 5122.5,
        "relative_strength": -8.008262,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.167834,
        "energy": 41.802611,
        "activity_lines": [
          4056.0,
          4089.090909,
          4118.190476,
          4155.494624
        ]
      },
      {
        "date": "2024-08-02",
        "close": 4220.0,
        "volume": 3516170,
        "typical_volume": 1679657.2,
        "trend": 4229.333333,
        "fair_value": 5094.294872,
        "relative_strength": -4.585228,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -22.650959,
        "energy": 12.447288,
        "activity_lines": [
          4119.333333,
          4103.181818,
          4127.833333,
          4153.88172
        ]
      },
      {
        "date": "2024-08-09",
        "close": 4260.0,
        "volume": 2197667,
        "typical_volume": 1687640.6,
        "trend": 4216.666667,
        "fair_value": 5065.544872,
        "relative_strength": -0.354586,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -10.381882,
        "energy": 14.799034,
        "activity_lines": [
          4182.333333,
          4126.181818,
          4141.190476,
          4155.860215
        ]
      },
      {
        "date": "2024-08-16",
        "close": 4150.0,
        "volume": 924732,
        "typical_volume": 1672694.3,
        "trend": 4200.833333,
        "fair_value": 5032.628205,
        "relative_strength": -6.553702,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -18.400565,
        "energy": 19.420468,
        "activity_lines": [
          4187.666667,
          4129.272727,
          4143.738095,
          4151.55914
        ]
      },
      {
        "date": "2024-08-23",
        "close": 4350.0,
        "volume": 1316292,
        "typical_volume": 1626505.1,
        "trend": 4197.666667,
        "fair_value": 5005.064103,
        "relative_strength": -1.985235,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 37.550598,
        "energy": 29.860812,
        "activity_lines": [
          4248.666667,
          4173.090909,
          4165.142857,
          4161.182796
        ]
      },
      {
        "date": "2024-08-30",
        "close": 4160.0,
        "volume": 1273053,
        "typical_volume": 1625346.1,
        "trend": 4182.833333,
        "fair_value": 4977.211538,
        "relative_strength": -5.162891,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 22.582025,
        "energy": 22.087305,
        "activity_lines": [
          4226.0,
          4180.545455,
          4166.309524,
          4158.752688
        ]
      },
      {
        "date": "2024-09-06",
        "close": 4545.0,
        "volume": 2183672,
        "typical_volume": 1610740.35,
        "trend": 4181.166667,
        "fair_value": 4950.961538,
        "relative_strength": 8.728816,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 77.120172,
        "energy": 61.460986,
        "activity_lines": [
          4331.666667,
          4256.181818,
          4203.071429,
          4182.11828
        ]
      },
      {
        "date": "2024-09-13",
        "close": 4560.0,
        "volume": 1519412,
        "typical_volume": 1609202.65,
        "trend": 4186.833333,
        "fair_value": 4927.692308,
        "relative_strength": 7.468868,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.859885,
        "energy": 72.306792,
        "activity_lines": [
          4420.666667,
          4324.909091,
          4238.738095,
          4206.55914
        ]
      },
      {
        "date": "2024-09-20",
        "close": 4390.0,
        "volume": 660519,
        "typical_volume": 1555787.05,
        "trend": 4187.666667,
        "fair_value": 4904.134615,
        "relative_strength": 2.626092,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.678231,
        "energy": 63.861306,
        "activity_lines": [
          4433.0,
          4351.545455,
          4255.5,
          4219.666667
        ]
      },
      {
        "date": "2024-09-27",
        "close": 4585.0,
        "volume": 1102144,
        "typical_volume": 1569478.15,
        "trend": 4196.0,
        "fair_value": 4883.076923,
        "relative_strength": 4.741657,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.121036,
        "energy": 74.000522,
        "activity_lines": [
          4494.333333,
          4406.272727,
          4290.047619,
          4245.301075
        ]
      },
      {
        "date": "2024-10-04",
        "close": 4220.0,
        "volume": 732916,
        "typical_volume": 1579310.9,
        "trend": 4193.833333,
        "fair_value": 4862.5,
        "relative_strength": -0.407705,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 50.170566,
        "energy": 35.374311,
        "activity_lines": [
          4418.333333,
          4384.818182,
          4287.928571,
          4246.849462
        ]
      },
      {
        "date": "2024-10-11",
        "close": 4115.0,
        "volume": 1792240,
        "typical_volume": 1599923.95,
        "trend": 4191.0,
        "fair_value": 4842.724359,
        "relative_strength": -3.743809,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 20.380346,
        "energy": 11.804463,
        "activity_lines": [
          4303.333333,
          4343.181818,
          4275.714286,
          4241.763441
        ]
      },
      {
        "date": "2024-10-18",
        "close": 4325.0,
        "volume": 2228498,
        "typical_volume": 1671407.7,
        "trend": 4195.5,
        "fair_value": 4824.74359,
        "relative_strength": 1.271429,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 28.976826,
        "energy": 16.394835,
        "activity_lines": [
          4287.0,
          4341.636364,
          4284.428571,
          4250.408602
        ]
      },
      {
        "date": "2024-10-25",
        "close": 4330.0,
        "volume": 1170306,
        "typical_volume": 1622194.4,
        "trend": 4202.833333,
        "fair_value": 4807.211538,
        "relative_strength": 1.937052,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 24.743316,
        "energy": 19.20189,
        "activity_lines": [
          4288.0,
          4339.818182,
          4293.333333,
          4259.086022
        ]
      },
      {
        "date": "2024-11-01",
        "close": 4285.0,
        "volume": 1611989,
        "typical_volume": 1651845.85,
        "trend": 4215.666667,
        "fair_value": 4787.532051,
        "relative_strength": 2.603922,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 24.718412,
        "energy": 16.034875,
        "activity_lines": [
          4278.0,
          4326.545455,
          4298.238095,
          4264.387097
        ]
      },
      {
        "date": "2024-11-08",
        "close": 4225.0,
        "volume": 1188699,
        "typical_volume": 1607156.75,
        "trend": 4225.333333,
        "fair_value": 4768.525641,
        "relative_strength": 0.696489,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 18.836478,
        "energy": 8.98584,
        "activity_lines": [
          4268.0,
          4303.545455,
          4297.261905,
          4264.989247
        ]
      },
      {
        "date": "2024-11-15",
        "close": 4450.0,
        "volume": 1434261,
        "typical_volume": 1608706.55,
        "trend": 4239.833333,
        "fair_value": 4750.673077,
        "relative_strength": 12.4697,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 49.297129,
        "energy": 21.889751,
        "activity_lines": [
          4332.666667,
          4320.272727,
          4316.928571,
          4279.483871
        ]
      },
      {
        "date": "2024-11-22",
        "close": 4290.0,
        "volume": 1906712,
        "typical_volume": 1606625.85,
        "trend": 4249.833333,
        "fair_value": 4730.224359,
        "relative_strength": 4.870663,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 28.912829,
        "energy": 13.234844,
        "activity_lines": [
          4321.666667,
          4309.636364,
          4319.285714,
          4282.72043
        ]
      },
      {
        "date": "2024-11-29",
        "close": 4345.0,
        "volume": 846224,
        "typical_volume": 1583439.8,
        "trend": 4253.833333,
        "fair_value": 4705.448718,
        "relative_strength": 8.22294,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 32.308592,
        "energy": 15.802621,
        "activity_lines": [
          4331.333333,
          4313.909091,
          4325.238095,
          4288.860215
        ]
      },
      {
        "date": "2024-12-06",
        "close": 4395.0,
        "volume": 1801558,
        "typical_volume": 1589049.15,
        "trend": 4260.833333,
        "fair_value": 4683.397436,
        "relative_strength": 10.863179,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 39.064291,
        "energy": 26.824569,
        "activity_lines": [
          4356.666667,
          4328.090909,
          4334.238095,
          4297.967742
        ]
      },
      {
        "date": "2024-12-13",
        "close": 4290.0,
        "volume": 1003385,
        "typical_volume": 1520522.45,
        "trend": 4263.833333,
        "fair_value": 4661.217949,
        "relative_strength": 5.508581,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 29.502077,
        "energy": 13.657053,
        "activity_lines": [
          4339.666667,
          4326.636364,
          4331.571429,
          4299.849462
        ]
      },
      {
        "date": "2024-12-20",
        "close": 4305.0,
        "volume": 981222,
        "typical_volume": 1393775.05,
        "trend": 4263.666667,
        "fair_value": 4640.288462,
        "relative_strength": 9.829864,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 22.276078,
        "energy": 10.699567,
        "activity_lines": [
          4323.333333,
          4326.636364,
          4329.714286,
          4302.505376
        ]
      },
      {
        "date": "2024-12-27",
        "close": 4295.0,
        "volume": 512862,
        "typical_volume": 1309534.8,
        "trend": 4264.666667,
        "fair_value": 4621.442308,
        "relative_strength": 9.484517,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 17.098976,
        "energy": 7.235157,
        "activity_lines": [
          4313.333333,
          4321.363636,
          4326.5,
          4304.526882
        ]
      },
      {
        "date": "2025-01-03",
        "close": 4090.0,
        "volume": 916772,
        "typical_volume": 1309136.8,
        "trend": 4254.666667,
        "fair_value": 4603.49359,
        "relative_strength": 2.847616,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -26.420888,
        "energy": 25.627746,
        "activity_lines": [
          4234.666667,
          4279.363636,
          4303.595238,
          4293.258065
        ]
      },
      {
        "date": "2025-01-10",
        "close": 4025.0,
        "volume": 2989892,
        "typical_volume": 1392816.8,
        "trend": 4247.166667,
        "fair_value": 4586.025641,
        "relative_strength": -1.481855,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -43.470573,
        "energy": 52.202501,
        "activity_lines": [
          4151.333333,
          4229.909091,
          4274.785714,
          4278.44086
        ]
      },
      {
        "date": "2025-01-17",
        "close": 3780.0,
        "volume": 5392682,
        "typical_volume": 1598798.25,
        "trend": 4237.833333,
        "fair_value": 4568.333333,
        "relative_strength": -7.354813,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -60.468093,
        "energy": 73.041711,
        "activity_lines": [
          4011.0,
          4140.636364,
          4224.190476,
          4248.301075
        ]
      },
      {
        "date": "2025-01-24",
        "close": 3955.0,
        "volume": 2122385,
        "typical_volume": 1595733.9,
        "trend": 4235.833333,
        "fair_value": 4553.301282,
        "relative_strength": -3.302469,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -66.540507,
        "energy": 78.517184,
        "activity_lines": [
          3963.0,
          4091.272727,
          4192.071429,
          4230.053763
        ]
      },
      {
        "date": "2025-01-31",
        "close": 4020.0,
        "volume": 778816,
        "typical_volume": 1558704.1,
        "trend": 4238.333333,
        "fair_value": 4540.25641,
        "relative_strength": -0.760662,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.49656,
        "energy": 78.022771,
        "activity_lines": [
          3960.0,
          4062.727273,
          4168.952381,
          4216.129032
        ]
      },
      {
        "date": "2025-02-07",
        "close": 4140.0,
        "volume": 2320988,
        "typical_volume": 1641727.55,
        "trend": 4243.5,
        "fair_value": 4527.532051,
        "relative_strength": 2.154053,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.083163,
        "energy": 63.406577,
        "activity_lines": [
          4015.333333,
          4060.909091,
          4159.833333,
          4209.784946
        ]
      },
      {
        "date": "2025-02-14",
        "close": 4115.0,
        "volume": 984640,
        "typical_volume": 1635852.35,
        "trend": 4245.833333,
        "fair_value": 4515.448718,
        "relative_strength": -1.089935,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -44.61362,
        "energy": 30.44182,
        "activity_lines": [
          4059.0,
          4058.272727,
          4149.52381,
          4201.494624
        ]
      },
      {
        "date": "2025-02-21",
        "close": 4050.0,
        "volume": 826794,
        "typical_volume": 1640546.25,
        "trend": 4242.166667,
        "fair_value": 4505.032051,
        "relative_strength": -4.856049,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -39.955771,
        "energy": 23.410574,
        "activity_lines": [
          4075.0,
          4048.909091,
          4135.261905,
          4188.860215
        ]
      },
      {
        "date": "2025-02-28",
        "close": 4180.0,
        "volume": 4565755,
        "typical_volume": 1779222.0,
        "trend": 4240.833333,
        "fair_value": 4500.705128,
        "relative_strength": 2.90817,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -33.256427,
        "energy": 22.84274,
        "activity_lines": [
          4116.333333,
          4067.545455,
          4134.190476,
          4184.849462
        ]
      },
      {
        "date": "2025-03-07",
        "close": 4380.0,
        "volume": 1903000,
        "typical_volume": 1762947.1,
        "trend": 4244.833333,
        "fair_value": 4497.788462,
        "relative_strength": 6.400348,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -0.60323,
        "energy": 15.114241,
        "activity_lines": [
          4209.333333,
          4124.818182,
          4151.857143,
          4193.827957
        ]
      },
      {
        "date": "2025-03-14",
        "close": 4345.0,
        "volume": 928729,
        "typical_volume": 1750868.25,
        "trend": 4251.333333,
        "fair_value": 4495.288462,
        "relative_strength": 5.282681,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": 25.023783,
        "energy": 28.613192,
        "activity_lines": [
          4266.666667,
          4174.181818,
          4165.928571,
          4200.290323
        ]
      },
      {
        "date": "2025-03-21",
        "close": 4245.0,
        "volume": 1135872,
        "typical_volume": 1727062.4,
        "trend": 4247.833333,
        "fair_value": 4494.391026,
        "relative_strength": -0.225337,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 15.943966,
        "energy": 27.246783,
        "activity_lines": [
          4277.0,
          4200.727273,
          4170.404762,
          4199.88172
        ]
      },
      {
        "date": "2025-03-28",
        "close": 4160.0,
        "volume": 950208,
        "typical_volume": 1715137.85,
        "trend": 4247.833333,
        "fair_value": 4489.839744,
        "relative_strength": 0.875055,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 11.597208,
        "energy": 21.478567,
        "activity_lines": [
          4250.333333,
          4207.818182,
          4166.97619,
          4194.215054
        ]
      },
      {
        "date": "2025-04-04",
        "close": 4350.0,
        "volume": 2109143,
        "typical_volume": 1748881.95,
        "trend": 4241.333333,
        "fair_value": 4486.153846,
        "relative_strength": 9.016576,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 23.337895,
        "energy": 24.26713,
        "activity_lines": [
          4279.666667,
          4242.545455,
          4181.952381,
          4200.806452
        ]
      },
      {
        "date": "2025-04-11",
        "close": 4690.0,
        "volume": 2933219,
        "typical_volume": 1800207.3,
        "trend": 4245.666667,
        "fair_value": 4486.858974,
        "relative_strength": 18.468958,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 51.854234,
        "energy": 45.917445,
        "activity_lines": [
          4411.0,
          4331.909091,
          4229.785714,
          4229.752688
        ]
      },
      {
        "date": "2025-04-18",
        "close": 4465.0,
        "volume": 615497,
        "typical_volume": 1788670.95,
        "trend": 4248.166667,
        "fair_value": 4485.865385,
        "relative_strength": 10.15898,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 32.165114,
        "energy": 44.258871,
        "activity_lines": [
          4446.666667,
          4368.181818,
          4254.285714,
          4243.903226
        ]
      },
      {
        "date": "2025-04-25",
        "close": 4495.0,
        "volume": 1180055,
        "typical_volume": 1757595.8,
        "trend": 4245.166667,
        "fair_value": 4485.961538,
        "relative_strength": 7.826074,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 60.35373,
        "energy": 63.884765,
        "activity_lines": [
          4484.333333,
          4404.0,
          4281.071429,
          4259.827957
        ]
      },
      {
        "date": "2025-05-02",
        "close": 4735.0,
        "volume": 1056363,
        "typical_volume": 1760244.7,
        "trend": 4262.333333,
        "fair_value": 4488.525641,
        "relative_strength": 12.625725,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.315192,
        "energy": 74.703658,
        "activity_lines": [
          4585.333333,
          4476.545455,
          4330.238095,
          4291.430108
        ]
      },
      {
        "date": "2025-05-09",
        "close": 4670.0,
        "volume": 681087,
        "typical_volume": 1745237.95,
        "trend": 4280.833333,
        "fair_value": 4490.416667,
        "relative_strength": 9.9687,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.469306,
        "energy": 67.764295,
        "activity_lines": [
          4626.333333,
          4524.818182,
          4371.095238,
          4317.731183
        ]
      },
      {
        "date": "2025-05-16",
        "close": 4580.0,
        "volume": 1254294,
        "typical_volume": 1782309.55,
        "trend": 4289.333333,
        "fair_value": 4492.660256,
        "relative_strength": 5.564098,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.443222,
        "energy": 55.457593,
        "activity_lines": [
          4616.0,
          4547.818182,
          4401.642857,
          4337.032258
        ]
      },
      {
        "date": "2025-05-23",
        "close": 4595.0,
        "volume": 1250992,
        "typical_volume": 1799020.55,
        "trend": 4298.166667,
        "fair_value": 4496.153846,
        "relative_strength": 7.120068,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.19568,
        "energy": 45.199452,
        "activity_lines": [
          4618.0,
          4569.909091,
          4432.261905,
          4356.752688
        ]
      },
      {
        "date": "2025-05-30",
        "close": 4605.0,
        "volume": 1137248,
        "typical_volume": 1706388.35,
        "trend": 4308.833333,
        "fair_value": 4500.288462,
        "relative_strength": 3.044653,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.380247,
        "energy": 38.238783,
        "activity_lines": [
          4614.666667,
          4589.272727,
          4461.428571,
          4376.548387
        ]
      },
      {
        "date": "2025-06-06",
        "close": 4445.0,
        "volume": 966812,
        "typical_volume": 1485094.85,
        "trend": 4316.166667,
        "fair_value": 4504.519231,
        "relative_strength": -4.546215,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 40.212822,
        "energy": 25.153495,
        "activity_lines": [
          4550.666667,
          4573.0,
          4472.595238,
          4385.333333
        ]
      },
      {
        "date": "2025-06-13",
        "close": 3810.0,
        "volume": 5798316,
        "typical_volume": 1668891.4,
        "trend": 4294.833333,
        "fair_value": 4503.814103,
        "relative_strength": -20.308578,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "mixed",
        "direction": -23.062232,
        "energy": 22.064862,
        "activity_lines": [
          4294.333333,
          4436.090909,
          4420.119048,
          4352.677419
        ]
      },
      {
        "date": "2025-06-20",
        "close": 3715.0,
        "volume": 7100534,
        "typical_volume": 1984977.3,
        "trend": 4275.666667,
        "fair_value": 4500.25641,
        "relative_strength": -25.368172,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -41.945191,
        "energy": 41.911044,
        "activity_lines": [
          4063.666667,
          4291.727273,
          4359.285714,
          4315.268817
        ]
      },
      {
        "date": "2025-06-27",
        "close": 4105.0,
        "volume": 9076300,
        "typical_volume": 2322742.9,
        "trend": 4267.666667,
        "fair_value": 4499.423077,
        "relative_strength": -18.366095,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -20.863776,
        "energy": 35.123419,
        "activity_lines": [
          4020.666667,
          4236.0,
          4337.047619,
          4304.258065
        ]
      },
      {
        "date": "2025-07-04",
        "close": 4040.0,
        "volume": 3782166,
        "typical_volume": 2462619.2,
        "trend": 4255.833333,
        "fair_value": 4497.660256,
        "relative_strength": -19.56282,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -22.296168,
        "energy": 46.060509,
        "activity_lines": [
          3988.666667,
          4175.0,
          4308.785714,
          4289.569892
        ]
      },
      {
        "date": "2025-07-11",
        "close": 4010.0,
        "volume": 1280088,
        "typical_volume": 2485283.9,
        "trend": 4246.5,
        "fair_value": 4494.038462,
        "relative_strength": -23.095588,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -22.203282,
        "energy": 51.762479,
        "activity_lines": [
          3984.333333,
          4116.818182,
          4278.02381,
          4273.709677
        ]
      },
      {
        "date": "2025-07-18",
        "close": 3960.0,
        "volume": 1447405,
        "typical_volume": 2329366.4,
        "trend": 4235.0,
        "fair_value": 4491.50641,
        "relative_strength": -24.165546,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -32.834278,
        "energy": 32.403386,
        "activity_lines": [
          3992.333333,
          4062.727273,
          4242.690476,
          4255.225806
        ]
      },
      {
        "date": "2025-07-25",
        "close": 3955.0,
        "volume": 899092,
        "typical_volume": 2279171.0,
        "trend": 4223.666667,
        "fair_value": 4488.782051,
        "relative_strength": -24.196502,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -32.853572,
        "energy": 31.669924,
        "activity_lines": [
          3988.666667,
          4020.636364,
          4207.928571,
          4237.16129
        ]
      },
      {
        "date": "2025-08-01",
        "close": 3810.0,
        "volume": 2970793,
        "typical_volume": 2381274.2,
        "trend": 4214.333333,
        "fair_value": 4482.916667,
        "relative_strength": -24.866891,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.030149,
        "energy": 52.073353,
        "activity_lines": [
          3920.666667,
          3963.545455,
          4161.380952,
          4210.473118
        ]
      },
      {
        "date": "2025-08-08",
        "close": 4130.0,
        "volume": 3439732,
        "typical_volume": 2496467.2,
        "trend": 4217.833333,
        "fair_value": 4480.641026,
        "relative_strength": -20.517453,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -45.777773,
        "energy": 32.643884,
        "activity_lines": [
          3979.0,
          3978.909091,
          4147.857143,
          4205.032258
        ]
      },
      {
        "date": "2025-08-15",
        "close": 4145.0,
        "volume": 817465,
        "typical_volume": 2489830.05,
        "trend": 4230.0,
        "fair_value": 4477.435897,
        "relative_strength": -20.375901,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -42.264912,
        "energy": 26.557951,
        "activity_lines": [
          4036.333333,
          4005.636364,
          4136.309524,
          4200.333333
        ]
      },
      {
        "date": "2025-08-22",
        "close": 4060.0,
        "volume": 596470,
        "typical_volume": 2414196.4,
        "trend": 4233.5,
        "fair_value": 4475.096154,
        "relative_strength": -20.295202,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -39.350149,
        "energy": 21.698031,
        "activity_lines": [
          4056.333333,
          4022.363636,
          4116.738095,
          4189.365591
        ]
      },
      {
        "date": "2025-08-29",
        "close": 4020.0,
        "volume": 550183,
        "typical_volume": 2295044.6,
        "trend": 4233.5,
        "fair_value": 4470.897436,
        "relative_strength": -21.231682,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -36.619117,
        "energy": 21.088497,
        "activity_lines": [
          4056.333333,
          4027.272727,
          4094.738095,
          4175.591398
        ]
      },
      {
        "date": "2025-09-05",
        "close": 4080.0,
        "volume": 1047698,
        "typical_volume": 2316654.65,
        "trend": 4231.5,
        "fair_value": 4465.288462,
        "relative_strength": -20.039863,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -33.883066,
        "energy": 17.929154,
        "activity_lines": [
          4072.0,
          4037.545455,
          4081.642857,
          4165.688172
        ]
      },
      {
        "date": "2025-09-12",
        "close": 4155.0,
        "volume": 1145265,
        "typical_volume": 2314915.15,
        "trend": 4232.833333,
        "fair_value": 4461.378205,
        "relative_strength": -22.625363,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -31.775155,
        "energy": 16.288165,
        "activity_lines": [
          4094.666667,
          4061.909091,
          4077.52381,
          4160.752688
        ]
      },
      {
        "date": "2025-09-19",
        "close": 4065.0,
        "volume": 1355290,
        "typical_volume": 2329861.5,
        "trend": 4233.333333,
        "fair_value": 4456.153846,
        "relative_strength": -24.925132,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -24.138114,
        "energy": 12.982934,
        "activity_lines": [
          4085.666667,
          4067.818182,
          4066.452381,
          4149.924731
        ]
      },
      {
        "date": "2025-09-26",
        "close": 3935.0,
        "volume": 1927228,
        "typical_volume": 2392168.55,
        "trend": 4225.166667,
        "fair_value": 4449.487179,
        "relative_strength": -25.537951,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -52.044096,
        "energy": 27.367952,
        "activity_lines": [
          4038.666667,
          4049.090909,
          4046.190476,
          4130.677419
        ]
      },
      {
        "date": "2025-10-03",
        "close": 4130.0,
        "volume": 3025059,
        "typical_volume": 2480706.8,
        "trend": 4216.833333,
        "fair_value": 4446.698718,
        "relative_strength": -24.998394,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -32.282214,
        "energy": 17.83745,
        "activity_lines": [
          4065.0,
          4066.272727,
          4048.0,
          4124.537634
        ]
      },
      {
        "date": "2025-10-10",
        "close": 4165.0,
        "volume": 285474,
        "typical_volume": 2432430.9,
        "trend": 4210.833333,
        "fair_value": 4444.551282,
        "relative_strength": -25.249465,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -11.74696,
        "energy": 9.641077,
        "activity_lines": [
          4095.666667,
          4086.636364,
          4055.285714,
          4121.193548
        ]
      },
      {
        "date": "2025-10-17",
        "close": 4445.0,
        "volume": 1575004,
        "typical_volume": 2454318.7,
        "trend": 4217.5,
        "fair_value": 4443.012821,
        "relative_strength": -22.702968,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 18.731705,
        "energy": 33.267911,
        "activity_lines": [
          4214.0,
          4151.454545,
          4091.285714,
          4136.301075
        ]
      },
      {
        "date": "2025-10-24",
        "close": 4105.0,
        "volume": 2069875,
        "typical_volume": 2509471.85,
        "trend": 4215.666667,
        "fair_value": 4440.480769,
        "relative_strength": -31.560774,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -5.659814,
        "energy": 18.156524,
        "activity_lines": [
          4199.666667,
          4148.727273,
          4095.666667,
          4129.043011
        ]
      },
      {
        "date": "2025-10-31",
        "close": 4185.0,
        "volume": 668327,
        "typical_volume": 2252972.4,
        "trend": 4210.166667,
        "fair_value": 4439.230769,
        "relative_strength": -32.476463,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -3.342167,
        "energy": 21.961995,
        "activity_lines": [
          4209.333333,
          4161.272727,
          4109.285714,
          4127.064516
        ]
      },
      {
        "date": "2025-11-07",
        "close": 4215.0,
        "volume": 628915,
        "typical_volume": 1929391.45,
        "trend": 4194.333333,
        "fair_value": 4437.75641,
        "relative_strength": -28.818565,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 18.379491,
        "energy": 27.767494,
        "activity_lines": [
          4212.333333,
          4177.0,
          4123.97619,
          4127.376344
        ]
      },
      {
        "date": "2025-11-14",
        "close": 4210.0,
        "volume": 949413,
        "typical_volume": 1523047.1,
        "trend": 4185.833333,
        "fair_value": 4434.551282,
        "relative_strength": -29.207858,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 22.466856,
        "energy": 14.902401,
        "activity_lines": [
          4208.0,
          4188.272727,
          4135.809524,
          4128.387097
        ]
      },
      {
        "date": "2025-11-21",
        "close": 4300.0,
        "volume": 674212,
        "typical_volume": 1367649.4,
        "trend": 4179.333333,
        "fair_value": 4430.512821,
        "relative_strength": -24.134124,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 33.928954,
        "energy": 23.423725,
        "activity_lines": [
          4230.666667,
          4213.545455,
          4155.714286,
          4135.752688
        ]
      },
      {
        "date": "2025-11-28",
        "close": 4255.0,
        "volume": 411075,
        "typical_volume": 1324198.75,
        "trend": 4163.333333,
        "fair_value": 4427.403846,
        "relative_strength": -25.663785,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 26.461897,
        "energy": 24.196991,
        "activity_lines": [
          4248.0,
          4228.0,
          4170.095238,
          4140.634409
        ]
      },
      {
        "date": "2025-12-05",
        "close": 4215.0,
        "volume": 557905,
        "typical_volume": 1279723.75,
        "trend": 4148.166667,
        "fair_value": 4420.224359,
        "relative_strength": -28.742875,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "mixed",
        "direction": 24.648343,
        "energy": 21.489162,
        "activity_lines": [
          4242.0,
          4231.727273,
          4179.5,
          4143.967742
        ]
      },
      {
        "date": "2025-12-12",
        "close": 4315.0,
        "volume": 864601,
        "typical_volume": 1277999.2,
        "trend": 4139.333333,
        "fair_value": 4415.384615,
        "relative_strength": -27.566375,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.811092,
        "energy": 42.829052,
        "activity_lines": [
          4267.333333,
          4248.545455,
          4197.214286,
          4154.731183
        ]
      },
      {
        "date": "2025-12-19",
        "close": 4460.0,
        "volume": 561580,
        "typical_volume": 1157538.55,
        "trend": 4134.833333,
        "fair_value": 4412.403846,
        "relative_strength": -21.684452,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.023202,
        "energy": 57.903114,
        "activity_lines": [
          4334.333333,
          4288.363636,
          4227.02381,
          4175.419355
        ]
      },
      {
        "date": "2025-12-26",
        "close": 4280.0,
        "volume": 447844,
        "typical_volume": 1007944.15,
        "trend": 4124.0,
        "fair_value": 4408.461538,
        "relative_strength": -26.078858,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 54.785999,
        "energy": 44.104086,
        "activity_lines": [
          4324.666667,
          4290.090909,
          4236.595238,
          4184.784946
        ]
      },
      {
        "date": "2026-01-02",
        "close": 4310.0,
        "volume": 387271,
        "typical_volume": 986434.45,
        "trend": 4119.5,
        "fair_value": 4403.108974,
        "relative_strength": -28.002532,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 54.055372,
        "energy": 45.943963,
        "activity_lines": [
          4326.333333,
          4300.272727,
          4248.309524,
          4196.784946
        ]
      },
      {
        "date": "2026-01-09",
        "close": 4270.0,
        "volume": 1148504,
        "typical_volume": 1014036.15,
        "trend": 4134.833333,
        "fair_value": 4399.134615,
        "relative_strength": -32.347501,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 49.585464,
        "energy": 30.907872,
        "activity_lines": [
          4311.0,
          4299.454545,
          4255.428571,
          4206.494624
        ]
      },
      {
        "date": "2026-01-16",
        "close": 4205.0,
        "volume": 2166578,
        "typical_volume": 1094855.9,
        "trend": 4151.166667,
        "fair_value": 4395.801282,
        "relative_strength": -36.318979,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 31.974801,
        "energy": 15.171755,
        "activity_lines": [
          4270.333333,
          4285.272727,
          4255.357143,
          4211.021505
        ]
      },
      {
        "date": "2026-01-23",
        "close": 4120.0,
        "volume": 807249,
        "typical_volume": 1082833.45,
        "trend": 4151.666667,
        "fair_value": 4392.019231,
        "relative_strength": -38.841031,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 10.313324,
        "energy": 12.031505,
        "activity_lines": [
          4208.666667,
          4255.818182,
          4246.309524,
          4209.010753
        ]
      },
      {
        "date": "2026-01-30",
        "close": 3845.0,
        "volume": 3154338,
        "typical_volume": 1183287.1,
        "trend": 4145.166667,
        "fair_value": 4384.391026,
        "relative_strength": -44.805989,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -42.799612,
        "energy": 38.100648,
        "activity_lines": [
          4078.0,
          4178.0,
          4210.880952,
          4189.225806
        ]
      },
      {
        "date": "2026-02-06",
        "close": 3835.0,
        "volume": 2518892,
        "typical_volume": 1241467.2,
        "trend": 4139.333333,
        "fair_value": 4377.596154,
        "relative_strength": -42.753659,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -42.702692,
        "energy": 62.580941,
        "activity_lines": [
          3973.0,
          4106.636364,
          4175.97619,
          4169.215054
        ]
      },
      {
        "date": "2026-02-13",
        "close": 3910.0,
        "volume": 1926178,
        "typical_volume": 1241414.7,
        "trend": 4137.666667,
        "fair_value": 4371.25,
        "relative_strength": -45.361934,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -39.997214,
        "energy": 66.958852,
        "activity_lines": [
          3924.666667,
          4056.545455,
          4149.309524,
          4154.419355
        ]
      },
      {
        "date": "2026-02-20",
        "close": 3655.0,
        "volume": 1641248,
        "typical_volume": 1172224.15,
        "trend": 4127.666667,
        "fair_value": 4362.564103,
        "relative_strength": -50.925543,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -86.948085,
        "energy": 88.93994,
        "activity_lines": [
          3815.333333,
          3965.636364,
          4098.47619,
          4123.27957
        ]
      },
      {
        "date": "2026-02-27",
        "close": 3720.0,
        "volume": 2376067,
        "typical_volume": 1276753.8,
        "trend": 4124.666667,
        "fair_value": 4355.096154,
        "relative_strength": -52.790499,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.103213,
        "energy": 84.817096,
        "activity_lines": [
          3764.333333,
          3898.545455,
          4056.095238,
          4096.978495
        ]
      },
      {
        "date": "2026-03-06",
        "close": 2990.0,
        "volume": 10667207,
        "typical_volume": 1731363.95,
        "trend": 4086.666667,
        "fair_value": 4341.826923,
        "relative_strength": -56.803209,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -97.489711,
        "energy": 97.331631,
        "activity_lines": [
          3496.666667,
          3712.181818,
          3946.309524,
          4023.774194
        ]
      },
      {
        "date": "2026-03-13",
        "close": 2440.0,
        "volume": 100228453,
        "typical_volume": 6639292.85,
        "trend": 4029.833333,
        "fair_value": 4322.179487,
        "relative_strength": -63.413213,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -98.388226,
        "energy": 98.815794,
        "activity_lines": [
          3102.666667,
          3449.272727,
          3791.071429,
          3917.537634
        ]
      },
      {
        "date": "2026-03-20",
        "close": 2435.0,
        "volume": 59838948,
        "typical_volume": 9597823.9,
        "trend": 3975.666667,
        "fair_value": 4303.108974,
        "relative_strength": -64.682598,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -93.584244,
        "energy": 97.553381,
        "activity_lines": [
          2800.0,
          3219.454545,
          3643.285714,
          3814.645161
        ]
      },
      {
        "date": "2026-03-27",
        "close": 2395.0,
        "volume": 50424847,
        "typical_volume": 12087620.5,
        "trend": 3921.5,
        "fair_value": 4285.833333,
        "relative_strength": -62.356478,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -84.687715,
        "energy": 94.559043,
        "activity_lines": [
          2582.333333,
          3015.727273,
          3500.02381,
          3712.666667
        ]
      },
      {
        "date": "2026-04-03",
        "close": 2090.0,
        "volume": 74174672,
        "typical_volume": 15748883.45,
        "trend": 3855.166667,
        "fair_value": 4269.070513,
        "relative_strength": -66.005361,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -87.888227,
        "energy": 95.645835,
        "activity_lines": [
          2347.0,
          2789.454545,
          3336.380952,
          3594.505376
        ]
      },
      {
        "date": "2026-04-10",
        "close": 2210.0,
        "volume": 76381707,
        "typical_volume": 19534258.2,
        "trend": 3790.333333,
        "fair_value": 4254.038462,
        "relative_strength": -66.12459,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.719064,
        "energy": 89.898307,
        "activity_lines": [
          2260.333333,
          2621.909091,
          3194.261905,
          3488.365591
        ]
      },
      {
        "date": "2026-04-17",
        "close": 2235.0,
        "volume": 38153687,
        "typical_volume": 21421388.8,
        "trend": 3729.333333,
        "fair_value": 4237.115385,
        "relative_strength": -66.759139,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.359539,
        "energy": 68.334395,
        "activity_lines": [
          2234.0,
          2488.636364,
          3064.47619,
          3388.021505
        ]
      },
      {
        "date": "2026-04-24",
        "close": 2075.0,
        "volume": 42393631,
        "typical_volume": 23513175.1,
        "trend": 3667.333333,
        "fair_value": 4218.525641,
        "relative_strength": -69.715961,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.949949,
        "energy": 70.209701,
        "activity_lines": [
          2168.0,
          2355.363636,
          2929.071429,
          3281.290323
        ]
      },
      {
        "date": "2026-05-01",
        "close": 1809.0,
        "volume": 89751844,
        "typical_volume": 27957537.25,
        "trend": 3589.966667,
        "fair_value": 4195.50641,
        "relative_strength": -73.327414,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -83.554961,
        "energy": 72.861132,
        "activity_lines": [
          2037.333333,
          2207.090909,
          2778.52381,
          3161.397849
        ]
      },
      {
        "date": "2026-05-08",
        "close": 2060.0,
        "volume": 59812877,
        "typical_volume": 30920102.1,
        "trend": 3519.8,
        "fair_value": 4174.99359,
        "relative_strength": -72.477186,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.256365,
        "energy": 66.064232,
        "activity_lines": [
          2029.4,
          2138.018182,
          2663.814286,
          3062.690323
        ]
      },
      {
        "date": "2026-05-15",
        "close": 1900.0,
        "volume": 31337502,
        "typical_volume": 32464585.0,
        "trend": 3434.966667,
        "fair_value": 4154.512821,
        "relative_strength": -73.847884,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.264595,
        "energy": 67.610489,
        "activity_lines": [
          1970.133333,
          2070.036364,
          2545.295238,
          2958.187097
        ]
      },
      {
        "date": "2026-05-22",
        "close": 1902.0,
        "volume": 26969641,
        "typical_volume": 33793703.5,
        "trend": 3361.533333,
        "fair_value": 4133.75641,
        "relative_strength": -74.220566,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.178502,
        "energy": 66.072765,
        "activity_lines": [
          1932.2,
          2022.236364,
          2438.3,
          2859.286022
        ]
      },
      {
        "date": "2026-05-29",
        "close": 2110.0,
        "volume": 37009278,
        "typical_volume": 35586742.2,
        "trend": 3292.366667,
        "fair_value": 4113.884615,
        "relative_strength": -72.707723,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.992871,
        "energy": 61.071783,
        "activity_lines": [
          1985.8,
          2022.036364,
          2362.580952,
          2778.541935
        ]
      },
      {
        "date": "2026-06-05",
        "close": 1985.0,
        "volume": 3014317,
        "typical_volume": 35629129.15,
        "trend": 3218.033333,
        "fair_value": 4093.211538,
        "relative_strength": -72.557888,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.986899,
        "energy": 61.628615,
        "activity_lines": [
          1995.4,
          2005.018182,
          2285.242857,
          2694.195699
        ]
      },
      {
        "date": "2026-06-12",
        "close": 2125.0,
        "volume": 6923126,
        "typical_volume": 35934923.0,
        "trend": 3148.533333,
        "fair_value": 4073.628205,
        "relative_strength": -69.797655,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.97781,
        "energy": 55.760718,
        "activity_lines": [
          2039.933333,
          2020.909091,
          2231.809524,
          2623.677419
        ]
      },
      {
        "date": "2026-06-19",
        "close": 2315.0,
        "volume": 5356395,
        "typical_volume": 36045025.85,
        "trend": 3082.366667,
        "fair_value": 4054.237179,
        "relative_strength": -69.820675,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.852902,
        "energy": 44.221993,
        "activity_lines": [
          2143.466667,
          2070.709091,
          2205.971429,
          2569.901075
        ]
      },
      {
        "date": "2026-06-26",
        "close": 2495.0,
        "volume": 2866758,
        "typical_volume": 36062419.15,
        "trend": 3023.7,
        "fair_value": 4036.608974,
        "relative_strength": -64.142853,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.307377,
        "energy": 29.429878,
        "activity_lines": [
          2279.333333,
          2151.327273,
          2204.561905,
          2532.006452
        ]
      },
      {
        "date": "2026-07-03",
        "close": 2545.0,
        "volume": 1573200,
        "typical_volume": 36044770.25,
        "trend": 2968.033333,
        "fair_value": 4020.391026,
        "relative_strength": -61.051503,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -10.631036,
        "energy": 28.591165,
        "activity_lines": [
          2392.333333,
          2236.309091,
          2214.295238,
          2501.122581
        ]
      },
      {
        "date": "2026-07-10",
        "close": 2450.0,
        "volume": 11999505,
        "typical_volume": 36562683.1,
        "trend": 2905.866667,
        "fair_value": 4005.487179,
        "relative_strength": -58.510555,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -7.606433,
        "energy": 30.649702,
        "activity_lines": [
          2444.666667,
          2295.472727,
          2221.480952,
          2467.701075
        ]
      },
      {
        "date": "2026-07-17",
        "close": 2210.0,
        "volume": 8618172,
        "typical_volume": 36874788.35,
        "trend": 2830.866667,
        "fair_value": 3989.044872,
        "relative_strength": -58.04103,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -10.215715,
        "energy": 24.838751,
        "activity_lines": [
          2386.0,
          2299.345455,
          2211.547619,
          2422.806452
        ]
      },
      {
        "date": "2026-07-24",
        "close": 1936.0,
        "volume": 10208700,
        "typical_volume": 36851863.0,
        "trend": 2752.733333,
        "fair_value": 3972.160256,
        "relative_strength": -61.622994,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.679397,
        "energy": 33.104152,
        "activity_lines": [
          2230.333333,
          2250.672727,
          2182.709524,
          2365.073118
        ]
      },
      {
        "date": "2026-07-31",
        "close": 2115.0,
        "volume": 9315723,
        "typical_volume": 32306226.5,
        "trend": 2679.566667,
        "fair_value": 3957.096154,
        "relative_strength": -56.46973,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.293137,
        "energy": 39.27701,
        "activity_lines": [
          2159.6,
          2233.890909,
          2175.938095,
          2323.929032
        ]
      },
      {
        "date": "2026-08-07",
        "close": 2200.0,
        "volume": 6863984,
        "typical_volume": 29657478.3,
        "trend": 2610.566667,
        "fair_value": 3942.99359,
        "relative_strength": -51.090635,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -43.164647,
        "energy": 40.582183,
        "activity_lines": [
          2142.533333,
          2228.690909,
          2178.809524,
          2292.989247
        ]
      }
    ],
    "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."
    }
  }
}