{
  "ticker": {
    "uuid": "6f793f43-594c-48ae-ad3e-c0799167e37b",
    "symbol": "CHOLAFIN",
    "name": "Cholamandalam Investment and Finance Company Limited",
    "exchange": "NSI",
    "country": "IN",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^NSEI",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 92.172,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 73.938,
    "architecture_energy": 56.897,
    "architecture_maturity": 15.093,
    "architecture_confidence": 80.311,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 11.84,
        "rotation_up": 68.77,
        "upward_expansion": 83.98,
        "deceleration": 53.57,
        "rotation_down": 16.0,
        "downward_expansion": 8.31
      },
      "activity_lines": [
        1821.284871,
        1789.73178,
        1705.716786,
        1665.410794
      ],
      "activity_state": "Wide",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 1866.199951,
    "trend_reference": 1638.943013,
    "distance_from_trend": 0.138661,
    "trend_direction": "Improving",
    "fair_value": 1428.693185,
    "distance_from_fair_value": 0.306229,
    "fair_value_direction": "Improving",
    "relative_strength": 14.878429,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.071174,
    "excess_performance": 0.114883,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.138661,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.005968,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.306229,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.092028,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.148784,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.066769,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.071174,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.088733,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 8766336,
      "relative_activity": 1.244373,
      "balance": 1.088733,
      "dry_up": 1.152972,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.055971,
      "annualized_volatility": 0.372363,
      "from_high_reference": -0.0442,
      "from_low_reference": 0.436201
    },
    "levels": {
      "trend_reference": 1638.943013,
      "fair_value_reference": 1428.693185,
      "structural_low": 1299.400024,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 32,
        "median_return": -0.012847,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.011093,
        "regime_survival": 0.6875,
        "best_return": 0.224252,
        "worst_return": -0.173255,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
        "median_return": -0.020601,
        "positive_rate": 0.384615,
        "directional_follow_through": 0.384615,
        "median_excess_return": -0.023206,
        "regime_survival": 0.384615,
        "best_return": 0.418296,
        "worst_return": -0.171261,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": -0.000431,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.023978,
        "regime_survival": 0.285714,
        "best_return": 0.533064,
        "worst_return": -0.094732,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.228028,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.161031,
        "regime_survival": 0.25,
        "best_return": 0.436927,
        "worst_return": -0.043937,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-15",
        "end": "2024-12-06",
        "tenure": "New",
        "return": 0.05756,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-13",
        "end": "2025-02-07",
        "tenure": "Developing",
        "return": 0.058704,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-14",
        "end": "2025-02-21",
        "tenure": "New",
        "return": 0.005923,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-02-28",
        "end": "2025-04-11",
        "tenure": "Developing",
        "return": 0.053507,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-04-18",
        "end": "2025-07-11",
        "tenure": "Established",
        "return": -0.034524,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-18",
        "end": "2025-08-08",
        "tenure": "New",
        "return": -0.066157,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-08-15",
        "end": "2025-09-05",
        "tenure": "New",
        "return": 0.020116,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-09-12",
        "end": "2025-10-17",
        "tenure": "Developing",
        "return": 0.093897,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-24",
        "end": "2026-01-23",
        "tenure": "Established",
        "return": -0.052146,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-30",
        "end": "2026-03-27",
        "tenure": "Developing",
        "return": -0.131307,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-04-03",
        "end": "2026-06-12",
        "tenure": "Developing",
        "return": 0.15616,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-06-19",
        "end": "2026-06-26",
        "tenure": "New",
        "return": 0.062478,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-07-03",
        "end": "2026-07-24",
        "tenure": "New",
        "return": -0.036162,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.008811,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 1013.147827,
        "volume": 5361016,
        "typical_volume": 8989517.75,
        "trend": 937.577039,
        "fair_value": 639.300913,
        "relative_strength": 12.433181,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.290277,
        "energy": 28.430127,
        "activity_lines": [
          1057.558252,
          1091.537074,
          1074.743994,
          1017.317189
        ]
      },
      {
        "date": "2023-08-25",
        "close": 1078.153809,
        "volume": 8447108,
        "typical_volume": 8636128.85,
        "trend": 949.99352,
        "fair_value": 644.632178,
        "relative_strength": 19.386885,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.666124,
        "energy": 27.233187,
        "activity_lines": [
          1057.149333,
          1086.255562,
          1079.348014,
          1026.386658
        ]
      },
      {
        "date": "2023-09-01",
        "close": 1124.629395,
        "volume": 8315000,
        "typical_volume": 8561862.35,
        "trend": 961.598376,
        "fair_value": 650.360686,
        "relative_strength": 22.789027,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 43.465497,
        "energy": 26.033975,
        "activity_lines": [
          1075.676457,
          1090.216844,
          1087.233462,
          1037.653489
        ]
      },
      {
        "date": "2023-09-08",
        "close": 1171.553345,
        "volume": 11542066,
        "typical_volume": 8810036.55,
        "trend": 974.844505,
        "fair_value": 656.45072,
        "relative_strength": 24.66506,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 67.778412,
        "energy": 39.813294,
        "activity_lines": [
          1110.42605,
          1101.996678,
          1098.124768,
          1051.19897
        ]
      },
      {
        "date": "2023-09-15",
        "close": 1222.512085,
        "volume": 17222458,
        "typical_volume": 9355448.15,
        "trend": 989.729521,
        "fair_value": 662.764927,
        "relative_strength": 26.815961,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 77.041119,
        "energy": 56.610125,
        "activity_lines": [
          1156.141162,
          1122.414129,
          1112.260507,
          1067.177524
        ]
      },
      {
        "date": "2023-09-22",
        "close": 1183.757568,
        "volume": 8863307,
        "typical_volume": 8639458.1,
        "trend": 1003.870329,
        "fair_value": 668.843045,
        "relative_strength": 25.132187,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.32149,
        "energy": 69.784043,
        "activity_lines": [
          1176.727254,
          1134.860247,
          1121.013915,
          1079.695463
        ]
      },
      {
        "date": "2023-09-29",
        "close": 1212.997803,
        "volume": 9597335,
        "typical_volume": 8565067.9,
        "trend": 1019.405646,
        "fair_value": 674.989666,
        "relative_strength": 27.479427,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.435535,
        "energy": 76.93129,
        "activity_lines": [
          1195.686108,
          1152.177865,
          1131.617726,
          1093.187558
        ]
      },
      {
        "date": "2023-10-06",
        "close": 1214.990356,
        "volume": 13294023,
        "typical_volume": 8750741.6,
        "trend": 1034.922748,
        "fair_value": 681.172783,
        "relative_strength": 26.610124,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.60435,
        "energy": 74.528391,
        "activity_lines": [
          1206.319547,
          1168.345379,
          1141.400269,
          1105.805926
        ]
      },
      {
        "date": "2023-10-13",
        "close": 1253.097412,
        "volume": 7185757,
        "typical_volume": 8769694.75,
        "trend": 1051.346674,
        "fair_value": 687.70456,
        "relative_strength": 28.849292,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.51906,
        "energy": 69.041064,
        "activity_lines": [
          1223.631274,
          1189.957018,
          1153.973356,
          1119.881711
        ]
      },
      {
        "date": "2023-10-20",
        "close": 1182.711548,
        "volume": 8781213,
        "typical_volume": 8896727.8,
        "trend": 1066.620843,
        "fair_value": 693.694996,
        "relative_strength": 21.945405,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.881484,
        "energy": 48.746106,
        "activity_lines": [
          1212.044775,
          1195.646591,
          1158.852737,
          1128.356864
        ]
      },
      {
        "date": "2023-10-27",
        "close": 1163.682861,
        "volume": 6494089,
        "typical_volume": 9011629.15,
        "trend": 1080.143937,
        "fair_value": 699.425857,
        "relative_strength": 22.108078,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.312382,
        "energy": 38.259187,
        "activity_lines": [
          1196.76875,
          1195.269817,
          1161.215433,
          1134.61893
        ]
      },
      {
        "date": "2023-11-03",
        "close": 1130.05896,
        "volume": 9261064,
        "typical_volume": 9121673.95,
        "trend": 1089.887842,
        "fair_value": 704.74918,
        "relative_strength": 16.692729,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 35.543275,
        "energy": 21.700041,
        "activity_lines": [
          1171.623071,
          1186.042607,
          1159.887203,
          1137.839254
        ]
      },
      {
        "date": "2023-11-10",
        "close": 1143.956909,
        "volume": 6387068,
        "typical_volume": 9187987.9,
        "trend": 1100.773712,
        "fair_value": 710.122686,
        "relative_strength": 16.082406,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 29.899395,
        "energy": 20.200991,
        "activity_lines": [
          1156.639298,
          1178.398566,
          1159.843029,
          1141.327581
        ]
      },
      {
        "date": "2023-11-17",
        "close": 1122.188721,
        "volume": 5371774,
        "typical_volume": 9093582.05,
        "trend": 1110.389689,
        "fair_value": 715.171926,
        "relative_strength": 11.340343,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 16.631873,
        "energy": 17.833348,
        "activity_lines": [
          1139.135026,
          1166.445264,
          1157.4469,
          1142.709194
        ]
      },
      {
        "date": "2023-11-24",
        "close": 1090.407837,
        "volume": 9042983,
        "typical_volume": 9069731.65,
        "trend": 1117.826194,
        "fair_value": 719.702712,
        "relative_strength": 7.182156,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -4.582044,
        "energy": 17.844083,
        "activity_lines": [
          1119.764372,
          1149.611157,
          1152.094717,
          1141.420042
        ]
      },
      {
        "date": "2023-12-01",
        "close": 1123.981689,
        "volume": 8605748,
        "typical_volume": 9101196.5,
        "trend": 1122.374327,
        "fair_value": 724.568598,
        "relative_strength": 7.238508,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -13.171955,
        "energy": 19.196063,
        "activity_lines": [
          1117.738582,
          1141.283283,
          1150.326834,
          1141.817171
        ]
      },
      {
        "date": "2023-12-08",
        "close": 1162.288086,
        "volume": 9599583,
        "typical_volume": 9183781.85,
        "trend": 1127.761251,
        "fair_value": 729.682884,
        "relative_strength": 6.571658,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 12.063697,
        "energy": 14.497864,
        "activity_lines": [
          1131.128337,
          1141.007042,
          1152.375303,
          1144.392252
        ]
      },
      {
        "date": "2023-12-15",
        "close": 1239.14978,
        "volume": 11293687,
        "typical_volume": 9407601.3,
        "trend": 1134.437455,
        "fair_value": 735.253181,
        "relative_strength": 10.303324,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 51.700446,
        "energy": 24.008309,
        "activity_lines": [
          1167.990047,
          1155.62765,
          1161.589308,
          1151.578609
        ]
      },
      {
        "date": "2023-12-22",
        "close": 1246.123657,
        "volume": 9490974,
        "typical_volume": 9120645.75,
        "trend": 1141.137036,
        "fair_value": 740.860275,
        "relative_strength": 10.695248,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 65.518506,
        "energy": 51.530811,
        "activity_lines": [
          1200.830192,
          1171.076973,
          1170.963667,
          1158.78417
        ]
      },
      {
        "date": "2023-12-29",
        "close": 1255.089844,
        "volume": 7419330,
        "typical_volume": 9078779.15,
        "trend": 1148.480648,
        "fair_value": 746.303426,
        "relative_strength": 8.814944,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.260159,
        "energy": 68.902767,
        "activity_lines": [
          1228.396737,
          1188.283307,
          1180.406799,
          1166.135965
        ]
      },
      {
        "date": "2024-01-05",
        "close": 1253.147095,
        "volume": 8343633,
        "typical_volume": 9227910.0,
        "trend": 1154.883333,
        "fair_value": 751.604752,
        "relative_strength": 7.946018,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.876704,
        "energy": 72.466596,
        "activity_lines": [
          1244.336898,
          1203.820446,
          1188.637573,
          1172.888639
        ]
      },
      {
        "date": "2024-01-12",
        "close": 1241.8396,
        "volume": 5557041,
        "typical_volume": 9083406.65,
        "trend": 1158.886267,
        "fair_value": 756.882306,
        "relative_strength": 5.417519,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.956965,
        "energy": 69.303497,
        "activity_lines": [
          1247.896867,
          1215.675053,
          1194.648588,
          1178.49872
        ]
      },
      {
        "date": "2024-01-19",
        "close": 1260.818481,
        "volume": 10441280,
        "typical_volume": 9189720.65,
        "trend": 1164.733207,
        "fair_value": 762.293856,
        "relative_strength": 7.630609,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.678993,
        "energy": 63.865703,
        "activity_lines": [
          1252.479696,
          1228.947991,
          1201.68766,
          1185.074992
        ]
      },
      {
        "date": "2024-01-26",
        "close": 1240.046265,
        "volume": 5971268,
        "typical_volume": 8911180.75,
        "trend": 1168.166919,
        "fair_value": 767.725978,
        "relative_strength": 6.514742,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.729953,
        "energy": 41.461852,
        "activity_lines": [
          1248.693872,
          1236.319407,
          1206.099906,
          1189.933899
        ]
      },
      {
        "date": "2024-02-02",
        "close": 1156.509766,
        "volume": 12837393,
        "typical_volume": 8691927.5,
        "trend": 1167.662781,
        "fair_value": 772.285738,
        "relative_strength": -3.260717,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 26.296052,
        "energy": 17.064039,
        "activity_lines": [
          1217.467709,
          1226.359504,
          1202.230138,
          1189.181825
        ]
      },
      {
        "date": "2024-02-09",
        "close": 1119.361694,
        "volume": 11752788,
        "typical_volume": 8836401.55,
        "trend": 1166.331913,
        "fair_value": 776.488586,
        "relative_strength": -6.32611,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 6.038712,
        "energy": 12.895406,
        "activity_lines": [
          1180.430859,
          1208.443553,
          1195.136755,
          1186.065626
        ]
      },
      {
        "date": "2024-02-16",
        "close": 1141.004761,
        "volume": 7770064,
        "typical_volume": 8745038.0,
        "trend": 1166.704854,
        "fair_value": 780.438104,
        "relative_strength": -5.914654,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "mixed",
        "direction": -9.52728,
        "energy": 21.67905,
        "activity_lines": [
          1159.527393,
          1194.546704,
          1190.411264,
          1184.431616
        ]
      },
      {
        "date": "2024-02-23",
        "close": 1102.505737,
        "volume": 8850914,
        "typical_volume": 8522882.55,
        "trend": 1165.676823,
        "fair_value": 784.213474,
        "relative_strength": -9.986562,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "mixed",
        "direction": -29.079924,
        "energy": 34.331032,
        "activity_lines": [
          1132.513241,
          1174.037003,
          1182.362023,
          1180.289737
        ]
      },
      {
        "date": "2024-03-01",
        "close": 1092.980713,
        "volume": 6276422,
        "typical_volume": 8477415.8,
        "trend": 1166.068099,
        "fair_value": 787.877668,
        "relative_strength": -11.467659,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -39.805269,
        "energy": 51.50031,
        "activity_lines": [
          1112.878263,
          1154.279916,
          1173.941278,
          1175.599666
        ]
      },
      {
        "date": "2024-03-08",
        "close": 1080.41394,
        "volume": 10852696,
        "typical_volume": 8580989.95,
        "trend": 1167.436918,
        "fair_value": 791.429584,
        "relative_strength": -13.238524,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -40.846876,
        "energy": 56.019405,
        "activity_lines": [
          1098.858732,
          1135.022379,
          1165.086158,
          1170.073591
        ]
      },
      {
        "date": "2024-03-15",
        "close": 1065.054199,
        "volume": 9697732,
        "typical_volume": 8741172.1,
        "trend": 1169.167131,
        "fair_value": 794.749496,
        "relative_strength": -12.76393,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -69.542017,
        "energy": 67.647833,
        "activity_lines": [
          1084.792342,
          1116.148087,
          1155.255337,
          1163.468254
        ]
      },
      {
        "date": "2024-03-22",
        "close": 1086.547729,
        "volume": 11044835,
        "typical_volume": 8830360.65,
        "trend": 1169.446928,
        "fair_value": 798.195768,
        "relative_strength": -11.496094,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.888678,
        "energy": 57.591189,
        "activity_lines": [
          1081.510962,
          1104.60158,
          1147.941179,
          1158.13797
        ]
      },
      {
        "date": "2024-03-29",
        "close": 1153.571777,
        "volume": 6383487,
        "typical_volume": 8830181.6,
        "trend": 1170.411674,
        "fair_value": 802.02188,
        "relative_strength": -7.262209,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.7738,
        "energy": 34.404822,
        "activity_lines": [
          1104.201399,
          1108.064753,
          1147.217461,
          1157.113767
        ]
      },
      {
        "date": "2024-04-05",
        "close": 1214.461914,
        "volume": 7290085,
        "typical_volume": 8926097.15,
        "trend": 1171.84196,
        "fair_value": 806.267496,
        "relative_strength": -3.388698,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -18.447004,
        "energy": 11.705101,
        "activity_lines": [
          1143.784147,
          1124.548799,
          1152.247017,
          1159.955718
        ]
      },
      {
        "date": "2024-04-12",
        "close": 1174.516724,
        "volume": 3807944,
        "typical_volume": 8664345.2,
        "trend": 1170.242114,
        "fair_value": 810.366806,
        "relative_strength": -6.792511,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -20.920905,
        "energy": 19.086479,
        "activity_lines": [
          1161.953084,
          1134.235254,
          1153.032874,
          1160.128283
        ]
      },
      {
        "date": "2024-04-19",
        "close": 1125.196411,
        "volume": 3498527,
        "typical_volume": 8408984.15,
        "trend": 1168.290076,
        "fair_value": 814.052579,
        "relative_strength": -9.314116,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -26.859251,
        "energy": 21.79924,
        "activity_lines": [
          1157.408398,
          1134.62698,
          1148.72104,
          1157.222109
        ]
      },
      {
        "date": "2024-04-26",
        "close": 1168.632324,
        "volume": 4468378,
        "typical_volume": 8152423.9,
        "trend": 1166.811226,
        "fair_value": 817.916549,
        "relative_strength": -7.09124,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -18.151973,
        "energy": 17.983878,
        "activity_lines": [
          1163.332869,
          1142.810058,
          1148.540174,
          1157.244189
        ]
      },
      {
        "date": "2024-05-03",
        "close": 1306.270874,
        "volume": 13239855,
        "typical_volume": 8249732.3,
        "trend": 1169.85391,
        "fair_value": 822.680898,
        "relative_strength": 3.470127,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 38.665352,
        "energy": 37.027552,
        "activity_lines": [
          1209.664551,
          1175.516009,
          1161.437532,
          1166.241586
        ]
      },
      {
        "date": "2024-05-10",
        "close": 1269.317871,
        "volume": 8907730,
        "typical_volume": 8220570.1,
        "trend": 1170.394592,
        "fair_value": 827.475775,
        "relative_strength": 2.358565,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 57.247514,
        "energy": 54.124007,
        "activity_lines": [
          1233.498625,
          1197.798411,
          1170.495931,
          1172.658616
        ]
      },
      {
        "date": "2024-05-17",
        "close": 1281.63562,
        "volume": 6701295,
        "typical_volume": 8184668.35,
        "trend": 1173.692061,
        "fair_value": 831.994022,
        "relative_strength": 1.462362,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.346787,
        "energy": 66.196759,
        "activity_lines": [
          1257.781551,
          1219.114273,
          1180.617001,
          1179.835456
        ]
      },
      {
        "date": "2024-05-24",
        "close": 1257.648438,
        "volume": 4145555,
        "typical_volume": 7974764.45,
        "trend": 1176.824247,
        "fair_value": 836.604342,
        "relative_strength": -2.508919,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.460082,
        "energy": 66.282363,
        "activity_lines": [
          1266.92749,
          1232.410254,
          1188.327169,
          1185.251997
        ]
      },
      {
        "date": "2024-05-31",
        "close": 1237.850464,
        "volume": 6749525,
        "typical_volume": 8034388.65,
        "trend": 1180.417297,
        "fair_value": 840.918679,
        "relative_strength": -2.197815,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.979966,
        "energy": 51.273098,
        "activity_lines": [
          1260.64397,
          1238.60489,
          1194.130381,
          1189.189172
        ]
      },
      {
        "date": "2024-06-07",
        "close": 1334.34729,
        "volume": 9965962,
        "typical_volume": 8010622.75,
        "trend": 1186.763643,
        "fair_value": 845.904877,
        "relative_strength": 1.983946,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.717056,
        "energy": 54.153082,
        "activity_lines": [
          1281.911515,
          1259.593444,
          1209.142762,
          1199.120139
        ]
      },
      {
        "date": "2024-06-14",
        "close": 1443.211548,
        "volume": 9647109,
        "typical_volume": 8194414.8,
        "trend": 1197.464404,
        "fair_value": 851.739914,
        "relative_strength": 9.407856,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.256551,
        "energy": 71.465989,
        "activity_lines": [
          1337.595386,
          1297.088672,
          1234.173031,
          1215.665165
        ]
      },
      {
        "date": "2024-06-21",
        "close": 1397.880493,
        "volume": 5226806,
        "typical_volume": 7813885.45,
        "trend": 1207.713493,
        "fair_value": 857.326238,
        "relative_strength": 5.763142,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.698646,
        "energy": 72.110251,
        "activity_lines": [
          1366.575993,
          1322.182806,
          1253.918603,
          1228.595236
        ]
      },
      {
        "date": "2024-06-28",
        "close": 1419.772949,
        "volume": 5169381,
        "typical_volume": 7484715.1,
        "trend": 1217.573201,
        "fair_value": 863.1912,
        "relative_strength": 5.144529,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.855366,
        "energy": 79.597679,
        "activity_lines": [
          1395.104427,
          1347.196227,
          1274.599786,
          1242.276491
        ]
      },
      {
        "date": "2024-07-05",
        "close": 1427.851685,
        "volume": 3498745,
        "typical_volume": 7271149.15,
        "trend": 1226.425321,
        "fair_value": 869.049584,
        "relative_strength": 4.449065,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.271117,
        "energy": 80.077603,
        "activity_lines": [
          1415.517472,
          1368.322572,
          1294.619843,
          1255.842845
        ]
      },
      {
        "date": "2024-07-12",
        "close": 1377.084961,
        "volume": 5803505,
        "typical_volume": 7118778.7,
        "trend": 1231.023161,
        "fair_value": 874.626314,
        "relative_strength": 0.106917,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.972549,
        "energy": 63.696638,
        "activity_lines": [
          1406.341528,
          1375.505524,
          1308.439036,
          1265.562821
        ]
      },
      {
        "date": "2024-07-19",
        "close": 1423.651855,
        "volume": 4346826,
        "typical_volume": 7022298.9,
        "trend": 1236.940767,
        "fair_value": 880.581716,
        "relative_strength": 3.341959,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.552257,
        "energy": 52.391296,
        "activity_lines": [
          1409.838704,
          1389.867656,
          1325.385651,
          1277.990479
        ]
      },
      {
        "date": "2024-07-26",
        "close": 1407.935425,
        "volume": 6852471,
        "typical_volume": 6822287.65,
        "trend": 1242.03562,
        "fair_value": 886.584402,
        "relative_strength": 0.984748,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.425194,
        "energy": 45.164225,
        "activity_lines": [
          1409.40105,
          1398.566182,
          1339.260839,
          1289.022392
        ]
      },
      {
        "date": "2024-08-02",
        "close": 1382.140747,
        "volume": 10020737,
        "typical_volume": 6838437.9,
        "trend": 1246.335408,
        "fair_value": 892.084699,
        "relative_strength": -0.413172,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.824296,
        "energy": 36.009544,
        "activity_lines": [
          1399.69484,
          1400.278407,
          1349.119764,
          1298.061433
        ]
      },
      {
        "date": "2024-08-09",
        "close": 1345.768799,
        "volume": 5669332,
        "typical_volume": 6569662.75,
        "trend": 1249.799715,
        "fair_value": 897.513532,
        "relative_strength": -1.6986,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 43.037945,
        "energy": 31.459758,
        "activity_lines": [
          1380.373462,
          1393.114054,
          1354.004759,
          1304.47649
        ]
      },
      {
        "date": "2024-08-16",
        "close": 1366.224976,
        "volume": 5904097,
        "typical_volume": 6545693.25,
        "trend": 1253.313265,
        "fair_value": 903.189441,
        "relative_strength": -1.019067,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.206637,
        "energy": 24.319099,
        "activity_lines": [
          1373.343001,
          1387.706854,
          1359.603575,
          1311.987797
        ]
      },
      {
        "date": "2024-08-23",
        "close": 1345.918335,
        "volume": 6140324,
        "typical_volume": 6488205.2,
        "trend": 1256.842334,
        "fair_value": 908.482957,
        "relative_strength": -3.540553,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.571489,
        "energy": 19.892419,
        "activity_lines": [
          1360.26766,
          1378.027943,
          1362.255791,
          1317.962318
        ]
      },
      {
        "date": "2024-08-30",
        "close": 1452.490112,
        "volume": 9006858,
        "typical_volume": 6748150.9,
        "trend": 1266.708345,
        "fair_value": 914.163248,
        "relative_strength": 2.405485,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 52.69262,
        "energy": 27.567607,
        "activity_lines": [
          1387.898478,
          1389.494687,
          1374.431717,
          1330.584755
        ]
      },
      {
        "date": "2024-09-06",
        "close": 1508.121094,
        "volume": 11208539,
        "typical_volume": 7133651.5,
        "trend": 1279.666992,
        "fair_value": 920.220477,
        "relative_strength": 7.911385,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 73.155663,
        "energy": 46.960914,
        "activity_lines": [
          1431.102645,
          1410.083252,
          1390.582149,
          1346.159771
        ]
      },
      {
        "date": "2024-09-13",
        "close": 1571.13623,
        "volume": 7339872,
        "typical_volume": 7277226.2,
        "trend": 1294.004708,
        "fair_value": 926.436416,
        "relative_strength": 10.130835,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.864928,
        "energy": 78.661739,
        "activity_lines": [
          1486.913167,
          1440.522785,
          1410.910571,
          1364.964238
        ]
      },
      {
        "date": "2024-09-20",
        "close": 1600.872559,
        "volume": 6496757,
        "typical_volume": 6940071.3,
        "trend": 1310.616935,
        "fair_value": 933.038333,
        "relative_strength": 10.253249,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.614985,
        "energy": 89.061121,
        "activity_lines": [
          1537.611304,
          1473.76375,
          1432.15434,
          1384.762164
        ]
      },
      {
        "date": "2024-09-27",
        "close": 1605.5625,
        "volume": 5980889,
        "typical_volume": 6793729.25,
        "trend": 1327.702995,
        "fair_value": 939.781178,
        "relative_strength": 8.953642,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.725911,
        "energy": 89.671076,
        "activity_lines": [
          1574.229582,
          1503.788565,
          1452.441904,
          1403.79091
        ]
      },
      {
        "date": "2024-10-04",
        "close": 1494.200806,
        "volume": 3721142,
        "typical_volume": 6644721.6,
        "trend": 1341.49589,
        "fair_value": 945.743775,
        "relative_strength": 6.192043,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.684691,
        "energy": 77.444437,
        "activity_lines": [
          1556.417684,
          1510.258334,
          1460.522428,
          1414.532705
        ]
      },
      {
        "date": "2024-10-11",
        "close": 1497.84314,
        "volume": 6889048,
        "typical_volume": 6781896.25,
        "trend": 1355.922188,
        "fair_value": 951.571525,
        "relative_strength": 6.791378,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.992021,
        "energy": 49.449588,
        "activity_lines": [
          1537.039185,
          1515.821884,
          1467.937626,
          1424.619624
        ]
      },
      {
        "date": "2024-10-18",
        "close": 1457.180176,
        "volume": 5256359,
        "typical_volume": 6707237.95,
        "trend": 1368.276603,
        "fair_value": 957.110661,
        "relative_strength": 4.420435,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 43.974103,
        "energy": 30.552598,
        "activity_lines": [
          1504.791561,
          1511.888488,
          1470.336376,
          1431.152397
        ]
      },
      {
        "date": "2024-10-25",
        "close": 1369.268311,
        "volume": 5681556,
        "typical_volume": 6493017.65,
        "trend": 1375.466488,
        "fair_value": 961.982384,
        "relative_strength": 1.007229,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 14.25144,
        "energy": 18.284109,
        "activity_lines": [
          1450.837053,
          1489.945455,
          1463.318141,
          1431.216379
        ]
      },
      {
        "date": "2024-11-01",
        "close": 1280.458496,
        "volume": 14154776,
        "typical_volume": 6718401.0,
        "trend": 1377.666374,
        "fair_value": 966.282907,
        "relative_strength": -5.827806,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -6.563737,
        "energy": 24.571606,
        "activity_lines": [
          1382.719556,
          1451.799849,
          1447.675537,
          1425.086831
        ]
      },
      {
        "date": "2024-11-08",
        "close": 1258.00647,
        "volume": 6738831,
        "typical_volume": 6794002.25,
        "trend": 1380.449365,
        "fair_value": 970.138683,
        "relative_strength": -6.662783,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -38.037589,
        "energy": 42.584052,
        "activity_lines": [
          1328.791651,
          1410.762236,
          1430.66966,
          1417.366837
        ]
      },
      {
        "date": "2024-11-15",
        "close": 1203.124023,
        "volume": 4967216,
        "typical_volume": 6783894.0,
        "trend": 1383.046952,
        "fair_value": 973.929178,
        "relative_strength": -8.218297,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -42.753535,
        "energy": 64.77104,
        "activity_lines": [
          1272.315885,
          1363.282062,
          1409.10295,
          1405.926492
        ]
      },
      {
        "date": "2024-11-22",
        "close": 1205.818237,
        "volume": 8465765,
        "typical_volume": 7032245.0,
        "trend": 1384.286483,
        "fair_value": 978.197551,
        "relative_strength": -9.30837,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -46.326903,
        "energy": 72.096732,
        "activity_lines": [
          1236.386133,
          1321.837147,
          1388.824493,
          1394.492382
        ]
      },
      {
        "date": "2024-11-29",
        "close": 1231.313721,
        "volume": 8693281,
        "typical_volume": 7176733.8,
        "trend": 1381.787911,
        "fair_value": 982.482916,
        "relative_strength": -8.10912,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -39.085784,
        "energy": 69.328654,
        "activity_lines": [
          1225.712337,
          1291.66992,
          1372.031479,
          1384.623171
        ]
      },
      {
        "date": "2024-12-06",
        "close": 1272.375732,
        "volume": 13798910,
        "typical_volume": 7649338.0,
        "trend": 1381.88984,
        "fair_value": 986.955578,
        "relative_strength": -7.023772,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -63.639131,
        "energy": 70.087005,
        "activity_lines": [
          1237.922851,
          1275.687764,
          1359.843282,
          1377.564321
        ]
      },
      {
        "date": "2024-12-13",
        "close": 1302.062256,
        "volume": 10292286,
        "typical_volume": 7821328.75,
        "trend": 1382.570728,
        "fair_value": 992.059768,
        "relative_strength": -5.03149,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.83969,
        "energy": 45.054776,
        "activity_lines": [
          1260.567725,
          1271.161099,
          1351.202736,
          1372.414154
        ]
      },
      {
        "date": "2024-12-20",
        "close": 1187.008667,
        "volume": 10491750,
        "typical_volume": 7844879.4,
        "trend": 1380.216069,
        "fair_value": 996.36481,
        "relative_strength": -8.834295,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.061399,
        "energy": 46.216978,
        "activity_lines": [
          1241.924349,
          1249.209029,
          1332.108862,
          1359.797247
        ]
      },
      {
        "date": "2024-12-27",
        "close": 1191.299438,
        "volume": 3829043,
        "typical_volume": 7752864.95,
        "trend": 1378.664368,
        "fair_value": 1000.695133,
        "relative_strength": -9.128038,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.716035,
        "energy": 44.882273,
        "activity_lines": [
          1225.785587,
          1233.688634,
          1314.352834,
          1347.609077
        ]
      },
      {
        "date": "2025-01-03",
        "close": 1317.429321,
        "volume": 15948803,
        "typical_volume": 8255100.25,
        "trend": 1378.100435,
        "fair_value": 1005.488048,
        "relative_strength": -0.209023,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -43.839128,
        "energy": 31.288901,
        "activity_lines": [
          1252.65804,
          1245.935141,
          1309.344745,
          1343.658429
        ]
      },
      {
        "date": "2025-01-10",
        "close": 1252.368774,
        "volume": 8702885,
        "typical_volume": 8383228.3,
        "trend": 1371.73901,
        "fair_value": 1009.791799,
        "relative_strength": -2.70505,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -43.898826,
        "energy": 32.258707,
        "activity_lines": [
          1252.102604,
          1247.294984,
          1298.372772,
          1335.546709
        ]
      },
      {
        "date": "2025-01-17",
        "close": 1254.713623,
        "volume": 9221540,
        "typical_volume": 8393962.4,
        "trend": 1366.966781,
        "fair_value": 1013.67888,
        "relative_strength": -1.417607,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -40.967952,
        "energy": 26.426423,
        "activity_lines": [
          1253.662581,
          1249.591885,
          1288.069593,
          1327.996684
        ]
      },
      {
        "date": "2025-01-24",
        "close": 1220.437134,
        "volume": 5887895,
        "typical_volume": 8127930.2,
        "trend": 1360.322253,
        "fair_value": 1017.435821,
        "relative_strength": -3.472986,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -47.609486,
        "energy": 26.577915,
        "activity_lines": [
          1246.953638,
          1245.716568,
          1275.44378,
          1318.543159
        ]
      },
      {
        "date": "2025-01-31",
        "close": 1283.102905,
        "volume": 13282124,
        "typical_volume": 8425042.8,
        "trend": 1355.497294,
        "fair_value": 1021.367974,
        "relative_strength": -0.371411,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -38.328697,
        "energy": 23.715973,
        "activity_lines": [
          1258.90472,
          1252.920244,
          1270.156058,
          1313.561265
        ]
      },
      {
        "date": "2025-02-07",
        "close": 1378.498291,
        "volume": 14299438,
        "typical_volume": 8815176.85,
        "trend": 1355.544405,
        "fair_value": 1025.873849,
        "relative_strength": 6.535179,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -4.1797,
        "energy": 7.297124,
        "activity_lines": [
          1296.534033,
          1276.063359,
          1275.325199,
          1315.0452
        ]
      },
      {
        "date": "2025-02-14",
        "close": 1374.353149,
        "volume": 7877779,
        "typical_volume": 8910021.35,
        "trend": 1353.901115,
        "fair_value": 1030.399302,
        "relative_strength": 8.825056,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 0.01463,
        "energy": 11.765635,
        "activity_lines": [
          1328.710368,
          1295.776729,
          1281.158489,
          1316.258668
        ]
      },
      {
        "date": "2025-02-21",
        "close": 1382.493408,
        "volume": 6227243,
        "typical_volume": 9035326.4,
        "trend": 1353.053048,
        "fair_value": 1034.908828,
        "relative_strength": 9.688231,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 20.82831,
        "energy": 26.200174,
        "activity_lines": [
          1355.46783,
          1315.116011,
          1288.868039,
          1318.103332
        ]
      },
      {
        "date": "2025-02-28",
        "close": 1399.073608,
        "volume": 9708731,
        "typical_volume": 9176310.55,
        "trend": 1353.617476,
        "fair_value": 1039.685679,
        "relative_strength": 13.804892,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 23.642482,
        "energy": 36.370657,
        "activity_lines": [
          1379.233374,
          1336.00749,
          1298.688596,
          1321.0724
        ]
      },
      {
        "date": "2025-03-07",
        "close": 1455.605835,
        "volume": 9056353,
        "typical_volume": 9366310.25,
        "trend": 1357.278711,
        "fair_value": 1044.742484,
        "relative_strength": 15.497401,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 33.647803,
        "energy": 51.342989,
        "activity_lines": [
          1409.933895,
          1363.32183,
          1314.363505,
          1327.652294
        ]
      },
      {
        "date": "2025-03-14",
        "close": 1442.970825,
        "volume": 4636007,
        "typical_volume": 9314032.8,
        "trend": 1359.836906,
        "fair_value": 1049.410215,
        "relative_strength": 14.65485,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 29.847931,
        "energy": 49.310485,
        "activity_lines": [
          1424.92255,
          1383.533325,
          1328.842577,
          1333.180818
        ]
      },
      {
        "date": "2025-03-21",
        "close": 1536.658691,
        "volume": 7533205,
        "typical_volume": 8982954.25,
        "trend": 1366.194918,
        "fair_value": 1054.599578,
        "relative_strength": 16.451747,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 52.32319,
        "energy": 63.107292,
        "activity_lines": [
          1466.842326,
          1418.496404,
          1351.893338,
          1344.588675
        ]
      },
      {
        "date": "2025-03-28",
        "close": 1518.130859,
        "volume": 12096599,
        "typical_volume": 9250842.65,
        "trend": 1368.382943,
        "fair_value": 1059.826124,
        "relative_strength": 13.722745,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 44.063775,
        "energy": 61.914151,
        "activity_lines": [
          1491.765787,
          1444.921879,
          1371.959543,
          1354.390994
        ]
      },
      {
        "date": "2025-04-04",
        "close": 1451.560791,
        "volume": 5275183,
        "typical_volume": 9266241.0,
        "trend": 1366.497599,
        "fair_value": 1064.409517,
        "relative_strength": 11.299508,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 35.699912,
        "energy": 53.193745,
        "activity_lines": [
          1485.45673,
          1454.454301,
          1384.447054,
          1359.757306
        ]
      },
      {
        "date": "2025-04-11",
        "close": 1473.933838,
        "volume": 9524612,
        "typical_volume": 9319183.35,
        "trend": 1363.257519,
        "fair_value": 1069.209211,
        "relative_strength": 12.917468,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 60.149793,
        "energy": 54.740419,
        "activity_lines": [
          1483.106209,
          1463.852301,
          1397.8823,
          1366.688677
        ]
      },
      {
        "date": "2025-04-18",
        "close": 1585.400269,
        "volume": 6366968,
        "typical_volume": 9202867.7,
        "trend": 1362.741776,
        "fair_value": 1074.83037,
        "relative_strength": 15.637882,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.128533,
        "energy": 53.867582,
        "activity_lines": [
          1516.689299,
          1490.047272,
          1420.656654,
          1381.020467
        ]
      },
      {
        "date": "2025-04-25",
        "close": 1541.65271,
        "volume": 16281157,
        "typical_volume": 9326980.05,
        "trend": 1360.61145,
        "fair_value": 1080.010372,
        "relative_strength": 11.122641,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.636045,
        "energy": 43.738421,
        "activity_lines": [
          1526.194572,
          1504.526287,
          1437.578449,
          1392.563108
        ]
      },
      {
        "date": "2025-05-02",
        "close": 1490.314209,
        "volume": 8779365,
        "typical_volume": 9251334.0,
        "trend": 1360.481897,
        "fair_value": 1085.509908,
        "relative_strength": 5.956852,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.496383,
        "energy": 40.975747,
        "activity_lines": [
          1518.254077,
          1506.629219,
          1448.328591,
          1400.931028
        ]
      },
      {
        "date": "2025-05-09",
        "close": 1511.788452,
        "volume": 9242448,
        "typical_volume": 9188868.9,
        "trend": 1360.946741,
        "fair_value": 1091.177653,
        "relative_strength": 8.803715,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.098996,
        "energy": 40.707012,
        "activity_lines": [
          1519.326107,
          1510.676181,
          1460.227461,
          1410.692741
        ]
      },
      {
        "date": "2025-05-16",
        "close": 1617.362061,
        "volume": 4742613,
        "typical_volume": 9234547.4,
        "trend": 1366.286137,
        "fair_value": 1097.434311,
        "relative_strength": 11.413379,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.717582,
        "energy": 47.09184,
        "activity_lines": [
          1551.574162,
          1531.868983,
          1480.63439,
          1427.235665
        ]
      },
      {
        "date": "2025-05-23",
        "close": 1626.051514,
        "volume": 6415414,
        "typical_volume": 8757877.95,
        "trend": 1374.845577,
        "fair_value": 1103.677606,
        "relative_strength": 12.366633,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.054236,
        "energy": 53.921118,
        "activity_lines": [
          1577.15682,
          1551.700664,
          1499.840016,
          1443.994722
        ]
      },
      {
        "date": "2025-05-30",
        "close": 1599.083984,
        "volume": 5654772,
        "typical_volume": 8605472.3,
        "trend": 1385.466426,
        "fair_value": 1109.737211,
        "relative_strength": 10.607329,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.080824,
        "energy": 57.526053,
        "activity_lines": [
          1591.040218,
          1563.300417,
          1515.007676,
          1458.461716
        ]
      },
      {
        "date": "2025-06-06",
        "close": 1591.293091,
        "volume": 16691640,
        "typical_volume": 8978977.3,
        "trend": 1396.575981,
        "fair_value": 1115.798116,
        "relative_strength": 8.730169,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.766585,
        "energy": 54.775285,
        "activity_lines": [
          1598.4979,
          1572.34864,
          1527.782322,
          1471.740855
        ]
      },
      {
        "date": "2025-06-13",
        "close": 1551.94043,
        "volume": 10857593,
        "typical_volume": 9227462.2,
        "trend": 1408.203194,
        "fair_value": 1121.664366,
        "relative_strength": 7.216426,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.284242,
        "energy": 39.592296,
        "activity_lines": [
          1586.106104,
          1572.91161,
          1535.206337,
          1481.764368
        ]
      },
      {
        "date": "2025-06-20",
        "close": 1555.635986,
        "volume": 7176291,
        "typical_volume": 8922170.55,
        "trend": 1419.863786,
        "fair_value": 1127.513249,
        "relative_strength": 5.700833,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 42.863983,
        "energy": 29.110014,
        "activity_lines": [
          1572.26936,
          1572.321416,
          1541.403721,
          1491.276161
        ]
      },
      {
        "date": "2025-06-27",
        "close": 1652.120239,
        "volume": 11201819,
        "typical_volume": 8767289.6,
        "trend": 1433.89067,
        "fair_value": 1134.027724,
        "relative_strength": 9.764909,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.420085,
        "energy": 37.531122,
        "activity_lines": [
          1594.709106,
          1587.788319,
          1555.492306,
          1506.260448
        ]
      },
      {
        "date": "2025-07-04",
        "close": 1524.872681,
        "volume": 12991706,
        "typical_volume": 9022985.95,
        "trend": 1442.307235,
        "fair_value": 1139.786345,
        "relative_strength": 1.974522,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 37.530955,
        "energy": 21.716658,
        "activity_lines": [
          1572.995085,
          1578.906212,
          1556.159114,
          1512.130256
        ]
      },
      {
        "date": "2025-07-11",
        "close": 1530.665894,
        "volume": 9749469,
        "typical_volume": 9199097.25,
        "trend": 1449.927356,
        "fair_value": 1145.562687,
        "relative_strength": 3.47049,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 33.772799,
        "energy": 18.209443,
        "activity_lines": [
          1558.159554,
          1571.382509,
          1556.660897,
          1517.830814
        ]
      },
      {
        "date": "2025-07-18",
        "close": 1552.73938,
        "volume": 9161450,
        "typical_volume": 9171733.2,
        "trend": 1462.11838,
        "fair_value": 1151.145614,
        "relative_strength": 5.582039,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 32.707084,
        "energy": 17.200021,
        "activity_lines": [
          1554.723666,
          1567.138499,
          1558.559333,
          1524.463848
        ]
      },
      {
        "date": "2025-07-25",
        "close": 1502.67627,
        "volume": 9603761,
        "typical_volume": 9199103.6,
        "trend": 1472.497607,
        "fair_value": 1156.313319,
        "relative_strength": 2.590853,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 9.874746,
        "energy": 11.592244,
        "activity_lines": [
          1534.54681,
          1553.047543,
          1554.958113,
          1527.080486
        ]
      },
      {
        "date": "2025-08-01",
        "close": 1421.43689,
        "volume": 14457450,
        "typical_volume": 9690175.75,
        "trend": 1475.964526,
        "fair_value": 1160.511035,
        "relative_strength": -1.944623,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": -7.887576,
        "energy": 17.300182,
        "activity_lines": [
          1490.820809,
          1526.270987,
          1543.395663,
          1523.786246
        ]
      },
      {
        "date": "2025-08-08",
        "close": 1450.015503,
        "volume": 7377285,
        "typical_volume": 9682379.75,
        "trend": 1482.552751,
        "fair_value": 1164.812298,
        "relative_strength": 0.715611,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -21.758798,
        "energy": 31.398341,
        "activity_lines": [
          1471.999903,
          1508.410809,
          1534.657529,
          1522.112116
        ]
      },
      {
        "date": "2025-08-15",
        "close": 1460.407837,
        "volume": 3881874,
        "typical_volume": 9271643.5,
        "trend": 1489.409224,
        "fair_value": 1169.217773,
        "relative_strength": 0.215701,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -20.529252,
        "energy": 39.213879,
        "activity_lines": [
          1461.633586,
          1495.150482,
          1527.321728,
          1520.683412
        ]
      },
      {
        "date": "2025-08-22",
        "close": 1522.960938,
        "volume": 4868639,
        "typical_volume": 9251316.3,
        "trend": 1499.493351,
        "fair_value": 1173.906985,
        "relative_strength": 3.269211,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -17.549195,
        "energy": 31.858069,
        "activity_lines": [
          1476.802173,
          1495.643178,
          1526.218236,
          1522.848038
        ]
      },
      {
        "date": "2025-08-29",
        "close": 1419.638184,
        "volume": 5156885,
        "typical_volume": 9032929.95,
        "trend": 1504.044527,
        "fair_value": 1177.970192,
        "relative_strength": -2.007968,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -37.759735,
        "energy": 31.020182,
        "activity_lines": [
          1459.515072,
          1477.876818,
          1514.934481,
          1517.696092
        ]
      },
      {
        "date": "2025-09-05",
        "close": 1489.785889,
        "volume": 5827627,
        "typical_volume": 9005962.9,
        "trend": 1507.754114,
        "fair_value": 1182.481472,
        "relative_strength": 1.543734,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -24.088361,
        "energy": 18.045646,
        "activity_lines": [
          1471.146411,
          1475.337274,
          1510.590011,
          1516.77618
        ]
      },
      {
        "date": "2025-09-12",
        "close": 1511.169922,
        "volume": 4323993,
        "typical_volume": 8408104.7,
        "trend": 1512.314673,
        "fair_value": 1187.270967,
        "relative_strength": 1.530386,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -10.596054,
        "energy": 8.792875,
        "activity_lines": [
          1485.349162,
          1479.637269,
          1508.737422,
          1516.996555
        ]
      },
      {
        "date": "2025-09-19",
        "close": 1589.71106,
        "volume": 8760224,
        "typical_volume": 8407147.65,
        "trend": 1519.221928,
        "fair_value": 1192.755727,
        "relative_strength": 5.884917,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 14.994348,
        "energy": 10.607148,
        "activity_lines": [
          1521.655331,
          1498.466613,
          1514.510097,
          1521.98987
        ]
      },
      {
        "date": "2025-09-26",
        "close": 1568.726807,
        "volume": 8972843,
        "typical_volume": 8393667.4,
        "trend": 1524.877035,
        "fair_value": 1198.146117,
        "relative_strength": 7.256728,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 15.064396,
        "energy": 19.031831,
        "activity_lines": [
          1542.346534,
          1512.407089,
          1517.810954,
          1525.183733
        ]
      },
      {
        "date": "2025-10-03",
        "close": 1569.726074,
        "volume": 7838742,
        "typical_volume": 8548473.85,
        "trend": 1528.681043,
        "fair_value": 1203.511369,
        "relative_strength": 6.177925,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 16.288392,
        "energy": 23.824981,
        "activity_lines": [
          1560.319767,
          1526.23857,
          1520.935844,
          1528.07722
        ]
      },
      {
        "date": "2025-10-10",
        "close": 1612.993652,
        "volume": 6322454,
        "typical_volume": 8543825.85,
        "trend": 1534.34847,
        "fair_value": 1209.221204,
        "relative_strength": 7.285278,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 28.609261,
        "energy": 41.064454,
        "activity_lines": [
          1582.709668,
          1546.717796,
          1528.408294,
          1533.516743
        ]
      },
      {
        "date": "2025-10-17",
        "close": 1653.063721,
        "volume": 9141446,
        "typical_volume": 8718159.55,
        "trend": 1538.228638,
        "fair_value": 1215.27806,
        "relative_strength": 7.937205,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 62.423002,
        "energy": 62.409508,
        "activity_lines": [
          1610.242407,
          1570.999638,
          1539.759121,
          1541.175791
        ]
      },
      {
        "date": "2025-10-24",
        "close": 1732.304443,
        "volume": 4323864,
        "typical_volume": 8099770.75,
        "trend": 1545.367757,
        "fair_value": 1221.816744,
        "relative_strength": 12.355264,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.446557,
        "energy": 79.146652,
        "activity_lines": [
          1654.729134,
          1605.997099,
          1558.399637,
          1553.696811
        ]
      },
      {
        "date": "2025-10-31",
        "close": 1695.531982,
        "volume": 8759395,
        "typical_volume": 7994860.85,
        "trend": 1553.50013,
        "fair_value": 1227.819908,
        "relative_strength": 9.815015,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.572913,
        "energy": 77.384862,
        "activity_lines": [
          1677.452148,
          1629.365083,
          1572.866532,
          1563.384825
        ]
      },
      {
        "date": "2025-11-07",
        "close": 1702.626709,
        "volume": 7711433,
        "typical_volume": 8021617.95,
        "trend": 1561.123226,
        "fair_value": 1234.092205,
        "relative_strength": 10.74721,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.611198,
        "energy": 75.502404,
        "activity_lines": [
          1694.086393,
          1650.885363,
          1587.325345,
          1573.005895
        ]
      },
      {
        "date": "2025-11-14",
        "close": 1713.318604,
        "volume": 6393493,
        "typical_volume": 7781201.65,
        "trend": 1565.387171,
        "fair_value": 1240.52671,
        "relative_strength": 9.123912,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.09382,
        "energy": 72.877469,
        "activity_lines": [
          1705.424561,
          1669.204377,
          1602.102479,
          1582.824952
        ]
      },
      {
        "date": "2025-11-21",
        "close": 1658.459595,
        "volume": 5834332,
        "typical_volume": 7423332.95,
        "trend": 1569.280733,
        "fair_value": 1246.565268,
        "relative_strength": 4.55182,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.673884,
        "energy": 47.073836,
        "activity_lines": [
          1691.788062,
          1673.484795,
          1611.363524,
          1588.829624
        ]
      },
      {
        "date": "2025-11-28",
        "close": 1734.702637,
        "volume": 6607787,
        "typical_volume": 7266248.85,
        "trend": 1577.427014,
        "fair_value": 1253.023109,
        "relative_strength": 8.276386,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.045202,
        "energy": 49.259377,
        "activity_lines": [
          1703.206185,
          1688.949589,
          1627.249683,
          1599.502005
        ]
      },
      {
        "date": "2025-12-05",
        "close": 1729.106812,
        "volume": 5284052,
        "typical_volume": 7072378.95,
        "trend": 1584.67096,
        "fair_value": 1259.365749,
        "relative_strength": 7.505797,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.18536,
        "energy": 46.173008,
        "activity_lines": [
          1712.599154,
          1700.760751,
          1641.631302,
          1609.287798
        ]
      },
      {
        "date": "2025-12-12",
        "close": 1734.302979,
        "volume": 7559903,
        "typical_volume": 6970186.05,
        "trend": 1588.56899,
        "fair_value": 1265.832497,
        "relative_strength": 7.932778,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.374938,
        "energy": 44.294596,
        "activity_lines": [
          1721.485857,
          1710.600671,
          1655.66795,
          1618.941477
        ]
      },
      {
        "date": "2025-12-19",
        "close": 1646.868286,
        "volume": 6360925,
        "typical_volume": 6565359.8,
        "trend": 1589.262883,
        "fair_value": 1271.933749,
        "relative_strength": 2.391176,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.565804,
        "energy": 33.559775,
        "activity_lines": [
          1699.11591,
          1701.551066,
          1660.2745,
          1622.702722
        ]
      },
      {
        "date": "2025-12-26",
        "close": 1696.731079,
        "volume": 16667686,
        "typical_volume": 7029879.85,
        "trend": 1592.517786,
        "fair_value": 1278.203938,
        "relative_strength": 4.692195,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 42.224541,
        "energy": 27.462804,
        "activity_lines": [
          1697.796916,
          1700.95152,
          1668.556405,
          1629.636154
        ]
      },
      {
        "date": "2026-01-02",
        "close": 1779.768921,
        "volume": 7178845,
        "typical_volume": 7194728.4,
        "trend": 1598.800313,
        "fair_value": 1285.356878,
        "relative_strength": 8.196714,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.846915,
        "energy": 37.810846,
        "activity_lines": [
          1721.60577,
          1714.655813,
          1683.571839,
          1641.716872
        ]
      },
      {
        "date": "2026-01-09",
        "close": 1715.816772,
        "volume": 6057483,
        "typical_volume": 7254170.6,
        "trend": 1604.262858,
        "fair_value": 1291.820776,
        "relative_strength": 6.491609,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.247872,
        "energy": 29.120313,
        "activity_lines": [
          1721.092822,
          1715.869451,
          1690.975825,
          1649.266321
        ]
      },
      {
        "date": "2026-01-16",
        "close": 1697.930054,
        "volume": 9246256,
        "typical_volume": 7458639.15,
        "trend": 1609.005994,
        "fair_value": 1298.204742,
        "relative_strength": 4.949881,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.836887,
        "energy": 29.848919,
        "activity_lines": [
          1715.503638,
          1713.462145,
          1695.757954,
          1655.309366
        ]
      },
      {
        "date": "2026-01-23",
        "close": 1641.971924,
        "volume": 6542955,
        "typical_volume": 7494405.55,
        "trend": 1608.667717,
        "fair_value": 1304.206746,
        "relative_strength": 3.705024,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 28.898497,
        "energy": 17.798737,
        "activity_lines": [
          1693.686605,
          1700.966027,
          1693.885537,
          1657.4362
        ]
      },
      {
        "date": "2026-01-30",
        "close": 1630.380615,
        "volume": 6745459,
        "typical_volume": 7615478.85,
        "trend": 1612.184648,
        "fair_value": 1309.680444,
        "relative_strength": 1.563686,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 8.100273,
        "energy": 10.174365,
        "activity_lines": [
          1668.332227,
          1687.65961,
          1690.184491,
          1658.837033
        ]
      },
      {
        "date": "2026-02-06",
        "close": 1742.199951,
        "volume": 9717750,
        "typical_volume": 7663355.15,
        "trend": 1619.235783,
        "fair_value": 1315.885768,
        "relative_strength": 6.652917,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 28.617822,
        "energy": 15.030684,
        "activity_lines": [
          1684.674324,
          1695.194509,
          1696.565235,
          1667.225117
        ]
      },
      {
        "date": "2026-02-13",
        "close": 1709.400024,
        "volume": 5946196,
        "typical_volume": 7512022.8,
        "trend": 1624.457804,
        "fair_value": 1321.869347,
        "relative_strength": 5.330995,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 21.259699,
        "energy": 11.047083,
        "activity_lines": [
          1692.587711,
          1696.62947,
          1699.096039,
          1673.042164
        ]
      },
      {
        "date": "2026-02-20",
        "close": 1669.599976,
        "volume": 4070430,
        "typical_volume": 7323607.2,
        "trend": 1630.021928,
        "fair_value": 1327.703108,
        "relative_strength": 2.332159,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 15.889844,
        "energy": 7.809444,
        "activity_lines": [
          1687.662199,
          1691.186364,
          1697.16649,
          1675.954563
        ]
      },
      {
        "date": "2026-02-27",
        "close": 1730.800049,
        "volume": 14770658,
        "typical_volume": 7746017.4,
        "trend": 1640.334033,
        "fair_value": 1334.009914,
        "relative_strength": 7.558844,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 37.192041,
        "energy": 20.542603,
        "activity_lines": [
          1705.025383,
          1698.046962,
          1700.589929,
          1682.456377
        ]
      },
      {
        "date": "2026-03-06",
        "close": 1626.300049,
        "volume": 5593446,
        "typical_volume": 7568617.4,
        "trend": 1646.210185,
        "fair_value": 1339.630573,
        "relative_strength": 4.013089,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 5.376699,
        "energy": 3.043048,
        "activity_lines": [
          1681.633358,
          1684.381527,
          1693.500005,
          1681.550959
        ]
      },
      {
        "date": "2026-03-13",
        "close": 1514.0,
        "volume": 8123704,
        "typical_volume": 7758609.4,
        "trend": 1647.99659,
        "fair_value": 1344.461472,
        "relative_strength": 2.235503,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -28.994365,
        "energy": 32.106231,
        "activity_lines": [
          1621.080021,
          1651.578467,
          1675.842283,
          1673.021269
        ]
      },
      {
        "date": "2026-03-20",
        "close": 1440.5,
        "volume": 10283711,
        "typical_volume": 7834825.2,
        "trend": 1645.247892,
        "fair_value": 1349.051303,
        "relative_strength": -2.471407,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -48.450805,
        "energy": 59.396464,
        "activity_lines": [
          1551.240015,
          1610.243932,
          1652.224107,
          1659.634392
        ]
      },
      {
        "date": "2026-03-27",
        "close": 1416.300049,
        "volume": 10829846,
        "typical_volume": 7990745.85,
        "trend": 1645.136621,
        "fair_value": 1353.271239,
        "relative_strength": -2.798019,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -78.223605,
        "energy": 80.468301,
        "activity_lines": [
          1491.260026,
          1569.515166,
          1627.515612,
          1644.863564
        ]
      },
      {
        "date": "2026-04-03",
        "close": 1356.300049,
        "volume": 8218154,
        "typical_volume": 8081978.9,
        "trend": 1640.687093,
        "fair_value": 1356.59533,
        "relative_strength": -6.376202,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -79.519665,
        "energy": 86.277433,
        "activity_lines": [
          1428.166699,
          1522.997854,
          1598.456291,
          1626.228946
        ]
      },
      {
        "date": "2026-04-10",
        "close": 1581.199951,
        "volume": 13828132,
        "typical_volume": 8481668.9,
        "trend": 1643.021427,
        "fair_value": 1361.491607,
        "relative_strength": 3.041783,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.845282,
        "energy": 72.42399,
        "activity_lines": [
          1465.006673,
          1522.565467,
          1592.516096,
          1622.391066
        ]
      },
      {
        "date": "2026-04-17",
        "close": 1579.0,
        "volume": 8734656,
        "typical_volume": 8588012.35,
        "trend": 1642.664392,
        "fair_value": 1366.26911,
        "relative_strength": 1.668423,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.929148,
        "energy": 41.661135,
        "activity_lines": [
          1504.120003,
          1522.627284,
          1586.734286,
          1618.260651
        ]
      },
      {
        "date": "2026-04-24",
        "close": 1568.199951,
        "volume": 6214012,
        "typical_volume": 8634510.35,
        "trend": 1642.64683,
        "fair_value": 1370.761977,
        "relative_strength": 2.851805,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -42.05462,
        "energy": 26.240281,
        "activity_lines": [
          1535.299984,
          1523.692727,
          1580.665341,
          1613.456494
        ]
      },
      {
        "date": "2026-05-01",
        "close": 1562.900024,
        "volume": 11820701,
        "typical_volume": 8847550.25,
        "trend": 1642.419295,
        "fair_value": 1374.450197,
        "relative_strength": 1.958437,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -33.785491,
        "energy": 22.973213,
        "activity_lines": [
          1556.199992,
          1526.361821,
          1574.857864,
          1608.311539
        ]
      },
      {
        "date": "2026-05-08",
        "close": 1674.099976,
        "volume": 14637770,
        "typical_volume": 9261392.5,
        "trend": 1644.456173,
        "fair_value": 1378.76699,
        "relative_strength": 8.201519,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -13.423597,
        "energy": 17.629983,
        "activity_lines": [
          1604.393319,
          1551.189087,
          1580.457063,
          1610.355454
        ]
      },
      {
        "date": "2026-05-15",
        "close": 1546.300049,
        "volume": 6533556,
        "typical_volume": 8754686.0,
        "trend": 1640.897384,
        "fair_value": 1382.019787,
        "relative_strength": 2.169741,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -28.420186,
        "energy": 18.695834,
        "activity_lines": [
          1588.800008,
          1553.810913,
          1573.755165,
          1604.0228
        ]
      },
      {
        "date": "2026-05-22",
        "close": 1539.800049,
        "volume": 5321854,
        "typical_volume": 8661836.45,
        "trend": 1634.480571,
        "fair_value": 1385.190709,
        "relative_strength": 1.43063,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -32.876007,
        "energy": 16.904138,
        "activity_lines": [
          1573.366691,
          1556.705467,
          1567.150559,
          1597.500392
        ]
      },
      {
        "date": "2026-05-29",
        "close": 1537.699951,
        "volume": 5357694,
        "typical_volume": 8626847.0,
        "trend": 1629.219503,
        "fair_value": 1388.414545,
        "relative_strength": 2.008965,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.196471,
        "energy": 15.38085,
        "activity_lines": [
          1559.846672,
          1558.749092,
          1561.488652,
          1591.256481
        ]
      },
      {
        "date": "2026-06-05",
        "close": 1503.199951,
        "volume": 2458256,
        "typical_volume": 8287447.0,
        "trend": 1622.571944,
        "fair_value": 1391.248734,
        "relative_strength": 0.472205,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.885099,
        "energy": 29.782713,
        "activity_lines": [
          1536.859985,
          1552.752719,
          1553.389206,
          1583.126187
        ]
      },
      {
        "date": "2026-06-12",
        "close": 1568.099976,
        "volume": 3265447,
        "typical_volume": 8123571.6,
        "trend": 1617.731323,
        "fair_value": 1394.109942,
        "relative_strength": 3.561481,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.727964,
        "energy": 22.058046,
        "activity_lines": [
          1539.486646,
          1556.976352,
          1552.398,
          1579.611867
        ]
      },
      {
        "date": "2026-06-19",
        "close": 1692.735229,
        "volume": 1247083,
        "typical_volume": 7848652.8,
        "trend": 1618.873844,
        "fair_value": 1398.00305,
        "relative_strength": 9.694923,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -0.830289,
        "energy": 3.996047,
        "activity_lines": [
          1590.725057,
          1580.010032,
          1563.628591,
          1584.450828
        ]
      },
      {
        "date": "2026-06-26",
        "close": 1798.49353,
        "volume": 0,
        "typical_volume": 7362765.3,
        "trend": 1621.000208,
        "fair_value": 1402.24317,
        "relative_strength": 15.982309,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 34.032699,
        "energy": 45.599206,
        "activity_lines": [
          1667.45389,
          1620.24458,
          1584.634473,
          1596.039195
        ]
      },
      {
        "date": "2026-07-03",
        "close": 1789.09729,
        "volume": 951422,
        "typical_volume": 7113026.6,
        "trend": 1622.99989,
        "fair_value": 1406.201268,
        "relative_strength": 13.885369,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 34.966239,
        "energy": 59.630406,
        "activity_lines": [
          1723.804411,
          1654.779929,
          1604.477411,
          1606.884168
        ]
      },
      {
        "date": "2026-07-10",
        "close": 1807.090332,
        "volume": 8987274,
        "typical_volume": 7358868.8,
        "trend": 1625.426135,
        "fair_value": 1410.353849,
        "relative_strength": 14.863991,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 45.176566,
        "energy": 71.494032,
        "activity_lines": [
          1769.39279,
          1688.570426,
          1625.654461,
          1618.760971
        ]
      },
      {
        "date": "2026-07-17",
        "close": 1804.191406,
        "volume": 4999915,
        "typical_volume": 6870331.65,
        "trend": 1630.670239,
        "fair_value": 1414.676765,
        "relative_strength": 13.677246,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 41.874272,
        "energy": 71.884017,
        "activity_lines": [
          1793.755501,
          1717.394021,
          1645.900707,
          1630.294214
        ]
      },
      {
        "date": "2026-07-24",
        "close": 1724.400024,
        "volume": 6268558,
        "typical_volume": 6904087.25,
        "trend": 1631.592537,
        "fair_value": 1418.465568,
        "relative_strength": 10.847207,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 63.821276,
        "energy": 70.513054,
        "activity_lines": [
          1775.781657,
          1729.344793,
          1658.198291,
          1636.341297
        ]
      },
      {
        "date": "2026-07-31",
        "close": 1849.900024,
        "volume": 12454932,
        "typical_volume": 7120648.65,
        "trend": 1633.930241,
        "fair_value": 1423.392861,
        "relative_strength": 15.299815,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.643711,
        "energy": 66.162109,
        "activity_lines": [
          1797.530159,
          1760.875566,
          1681.981114,
          1650.425651
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1866.199951,
        "volume": 8766336,
        "typical_volume": 7044779.9,
        "trend": 1638.943013,
        "fair_value": 1428.693185,
        "relative_strength": 14.878429,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.938227,
        "energy": 56.897429,
        "activity_lines": [
          1821.284871,
          1789.73178,
          1705.716786,
          1665.410794
        ]
      }
    ],
    "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."
    }
  }
}