{
  "ticker": {
    "uuid": "6feec347-e5e5-4908-9cc5-cf79c9069b3f",
    "symbol": "DCI",
    "name": "Donaldson Company Inc",
    "exchange": "NYSE",
    "country": "US",
    "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": "SPY",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 62.01,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "mixed",
    "architecture_direction": 56.683,
    "architecture_energy": 68.287,
    "architecture_maturity": 10.784,
    "architecture_confidence": 71.014,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 14.7,
        "rotation_up": 78.61,
        "upward_expansion": 65.62,
        "deceleration": 18.48,
        "rotation_down": 16.52,
        "downward_expansion": 21.62
      },
      "activity_lines": [
        94.561333,
        91.9348,
        88.980385,
        88.975239
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 98.61,
    "trend_reference": 90.901843,
    "distance_from_trend": 0.084796,
    "trend_direction": "Improving",
    "fair_value": 74.065841,
    "distance_from_fair_value": 0.331383,
    "fair_value_direction": "Improving",
    "relative_strength": -0.221772,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.089744,
    "excess_performance": -0.215369,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.084796,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.000459,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.331383,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.135668,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.002218,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.08037,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.089744,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.821961,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 3529918,
      "relative_activity": 1.048629,
      "balance": 3.821961,
      "dry_up": 1.059759,
      "accumulation_observations": 8,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.047185,
      "annualized_volatility": 0.276299,
      "from_high_reference": -0.122872,
      "from_low_reference": 0.392568
    },
    "levels": {
      "trend_reference": 90.901843,
      "fair_value_reference": 74.065841,
      "structural_low": 79.311356,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 1,
        "median_return": -0.068473,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.020474,
        "regime_survival": 0.0,
        "best_return": -0.068473,
        "worst_return": -0.068473,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": 0.049932,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.113008,
        "regime_survival": 0.0,
        "best_return": 0.049932,
        "worst_return": 0.049932,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": 0.122485,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.158697,
        "regime_survival": 0.0,
        "best_return": 0.122485,
        "worst_return": 0.122485,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.113111,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.052483,
        "regime_survival": 0.0,
        "best_return": 0.113111,
        "worst_return": 0.113111,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-12-01",
        "end": "2023-12-22",
        "tenure": "New",
        "return": 0.072874,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-29",
        "end": "2024-06-21",
        "tenure": "Established",
        "return": 0.113819,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-06-28",
        "end": "2024-10-18",
        "tenure": "Established",
        "return": 0.061818,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-25",
        "end": "2024-12-20",
        "tenure": "Developing",
        "return": -0.088233,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-12-27",
        "end": "2025-01-10",
        "tenure": "New",
        "return": -0.021912,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-17",
        "end": "2025-05-16",
        "tenure": "Established",
        "return": 0.003428,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.039252,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-18",
        "end": "2026-03-06",
        "tenure": "Extended",
        "return": 0.272347,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-03-13",
        "end": "2026-03-20",
        "tenure": "New",
        "return": -0.025058,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-27",
        "end": "2026-04-17",
        "tenure": "New",
        "return": 0.063551,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-04-24",
        "end": "2026-05-08",
        "tenure": "New",
        "return": -0.033273,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-05-15",
        "end": "2026-07-10",
        "tenure": "Developing",
        "return": 0.093122,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-17",
        "end": "2026-07-24",
        "tenure": "New",
        "return": 0.026438,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.046371,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 58.253466,
        "volume": 1677350,
        "typical_volume": 2162779.55,
        "trend": 59.831569,
        "fair_value": 54.147971,
        "relative_strength": -5.644014,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -45.146733,
        "energy": 17.617341,
        "activity_lines": [
          59.088581,
          59.121563,
          59.200139,
          59.499483
        ]
      },
      {
        "date": "2023-08-25",
        "close": 58.762272,
        "volume": 1519045,
        "typical_volume": 2135607.65,
        "trend": 59.839781,
        "fair_value": 54.224296,
        "relative_strength": -5.660469,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -41.254348,
        "energy": 19.162522,
        "activity_lines": [
          58.924647,
          59.06521,
          59.137484,
          59.430496
        ]
      },
      {
        "date": "2023-09-01",
        "close": 62.256712,
        "volume": 2568068,
        "typical_volume": 2175359.4,
        "trend": 59.900911,
        "fair_value": 54.344005,
        "relative_strength": -2.713752,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 26.903728,
        "energy": 17.677386,
        "activity_lines": [
          59.968615,
          59.649356,
          59.404309,
          59.586427
        ]
      },
      {
        "date": "2023-09-08",
        "close": 59.367079,
        "volume": 1609086,
        "typical_volume": 2147043.65,
        "trend": 59.875778,
        "fair_value": 54.440665,
        "relative_strength": -6.157054,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 2.238733,
        "energy": 9.345115,
        "activity_lines": [
          59.884997,
          59.630947,
          59.386396,
          59.551987
        ]
      },
      {
        "date": "2023-09-15",
        "close": 59.194277,
        "volume": 2288000,
        "typical_volume": 2126590.05,
        "trend": 59.809019,
        "fair_value": 54.533867,
        "relative_strength": -6.372116,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -18.378093,
        "energy": 12.968632,
        "activity_lines": [
          59.732523,
          59.588481,
          59.359063,
          59.508019
        ]
      },
      {
        "date": "2023-09-22",
        "close": 57.523858,
        "volume": 1213373,
        "typical_volume": 2083166.8,
        "trend": 59.728793,
        "fair_value": 54.632466,
        "relative_strength": -6.328026,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -48.502233,
        "energy": 19.163999,
        "activity_lines": [
          59.051555,
          59.22951,
          59.178914,
          59.360589
        ]
      },
      {
        "date": "2023-09-29",
        "close": 57.255055,
        "volume": 1652631,
        "typical_volume": 2092423.55,
        "trend": 59.514236,
        "fair_value": 54.717762,
        "relative_strength": -6.152222,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -62.637904,
        "energy": 42.983943,
        "activity_lines": [
          58.329627,
          58.850891,
          58.991699,
          59.200993
        ]
      },
      {
        "date": "2023-10-06",
        "close": 57.533458,
        "volume": 1753629,
        "typical_volume": 2098233.4,
        "trend": 59.397512,
        "fair_value": 54.786739,
        "relative_strength": -6.145785,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -57.600251,
        "energy": 53.328051,
        "activity_lines": [
          57.800981,
          58.562047,
          58.845327,
          59.073201
        ]
      },
      {
        "date": "2023-10-13",
        "close": 58.109464,
        "volume": 1660047,
        "typical_volume": 2087744.45,
        "trend": 59.359658,
        "fair_value": 54.859644,
        "relative_strength": -5.615559,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.691388,
        "energy": 52.644259,
        "activity_lines": [
          57.779221,
          58.418979,
          58.769535,
          58.990101
        ]
      },
      {
        "date": "2023-10-20",
        "close": 56.237443,
        "volume": 2416236,
        "typical_volume": 2037174.1,
        "trend": 59.228617,
        "fair_value": 54.915729,
        "relative_strength": -6.383976,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.783144,
        "energy": 59.287535,
        "activity_lines": [
          57.217294,
          57.955339,
          58.530929,
          58.788668
        ]
      },
      {
        "date": "2023-10-27",
        "close": 55.008629,
        "volume": 1698148,
        "typical_volume": 1990268.5,
        "trend": 58.988375,
        "fair_value": 54.989152,
        "relative_strength": -5.989714,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.334969,
        "energy": 64.043989,
        "activity_lines": [
          56.442885,
          57.329761,
          58.177644,
          58.516411
        ]
      },
      {
        "date": "2023-11-03",
        "close": 57.226254,
        "volume": 2245848,
        "typical_volume": 1968908.6,
        "trend": 58.960438,
        "fair_value": 55.057571,
        "relative_strength": -7.379186,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.104182,
        "energy": 45.321653,
        "activity_lines": [
          56.575367,
          57.166385,
          58.046952,
          58.402725
        ]
      },
      {
        "date": "2023-11-10",
        "close": 57.619859,
        "volume": 1923806,
        "typical_volume": 1940530.05,
        "trend": 58.872621,
        "fair_value": 55.112643,
        "relative_strength": -7.838222,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.590833,
        "energy": 38.255272,
        "activity_lines": [
          56.84097,
          57.1025,
          57.962409,
          58.316236
        ]
      },
      {
        "date": "2023-11-17",
        "close": 57.965463,
        "volume": 3151270,
        "typical_volume": 1891475.45,
        "trend": 58.776645,
        "fair_value": 55.165345,
        "relative_strength": -9.175556,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -39.316549,
        "energy": 24.352094,
        "activity_lines": [
          57.216014,
          57.185759,
          57.91265,
          58.25771
        ]
      },
      {
        "date": "2023-11-24",
        "close": 58.051864,
        "volume": 1718471,
        "typical_volume": 1897867.3,
        "trend": 58.694658,
        "fair_value": 55.216486,
        "relative_strength": -9.714267,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -33.382002,
        "energy": 17.369014,
        "activity_lines": [
          57.629459,
          57.310212,
          57.879722,
          58.21095
        ]
      },
      {
        "date": "2023-12-01",
        "close": 58.954274,
        "volume": 3156142,
        "typical_volume": 1978189.2,
        "trend": 58.612599,
        "fair_value": 55.271412,
        "relative_strength": -8.875888,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -16.941675,
        "energy": 15.053964,
        "activity_lines": [
          58.222746,
          57.61951,
          57.934827,
          58.227699
        ]
      },
      {
        "date": "2023-12-08",
        "close": 59.211809,
        "volume": 2301190,
        "typical_volume": 2019851.4,
        "trend": 58.577529,
        "fair_value": 55.324155,
        "relative_strength": -8.482733,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 7.123291,
        "energy": 15.705779,
        "activity_lines": [
          58.638835,
          57.949625,
          58.015303,
          58.266358
        ]
      },
      {
        "date": "2023-12-15",
        "close": 63.202316,
        "volume": 3829649,
        "typical_volume": 2124258.8,
        "trend": 58.656433,
        "fair_value": 55.396636,
        "relative_strength": -4.434049,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 44.448783,
        "energy": 52.647255,
        "activity_lines": [
          60.252722,
          58.969709,
          58.476763,
          58.564731
        ]
      },
      {
        "date": "2023-12-22",
        "close": 63.250511,
        "volume": 1737207,
        "typical_volume": 2089663.0,
        "trend": 58.719486,
        "fair_value": 55.468305,
        "relative_strength": -5.017778,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 80.597805,
        "energy": 79.551572,
        "activity_lines": [
          61.510511,
          59.895486,
          58.92657,
          58.861124
        ]
      },
      {
        "date": "2023-12-29",
        "close": 62.99026,
        "volume": 1366381,
        "typical_volume": 2074278.85,
        "trend": 58.928118,
        "fair_value": 55.542376,
        "relative_strength": -5.535425,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.817372,
        "energy": 82.113871,
        "activity_lines": [
          62.329212,
          60.680471,
          59.332295,
          59.136657
        ]
      },
      {
        "date": "2024-01-05",
        "close": 61.264896,
        "volume": 1610911,
        "typical_volume": 2070956.9,
        "trend": 59.056928,
        "fair_value": 55.58515,
        "relative_strength": -6.434099,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.588989,
        "energy": 77.246252,
        "activity_lines": [
          62.243566,
          61.028975,
          59.557646,
          59.287417
        ]
      },
      {
        "date": "2024-01-12",
        "close": 60.985368,
        "volume": 1774152,
        "typical_volume": 2083712.25,
        "trend": 59.121599,
        "fair_value": 55.62507,
        "relative_strength": -8.305187,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.890616,
        "energy": 64.424526,
        "activity_lines": [
          61.910703,
          61.212906,
          59.742034,
          59.411833
        ]
      },
      {
        "date": "2024-01-19",
        "close": 61.785397,
        "volume": 1265319,
        "typical_volume": 2018574.8,
        "trend": 59.24736,
        "fair_value": 55.670649,
        "relative_strength": -7.993438,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.530596,
        "energy": 44.882071,
        "activity_lines": [
          61.726278,
          61.473948,
          59.99203,
          59.583691
        ]
      },
      {
        "date": "2024-01-26",
        "close": 61.949258,
        "volume": 1641848,
        "typical_volume": 2020212.9,
        "trend": 59.319937,
        "fair_value": 55.717042,
        "relative_strength": -8.447218,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.327671,
        "energy": 38.500805,
        "activity_lines": [
          61.690936,
          61.689047,
          60.259876,
          59.758007
        ]
      },
      {
        "date": "2024-02-02",
        "close": 64.975875,
        "volume": 2782863,
        "typical_volume": 2044956.05,
        "trend": 59.536111,
        "fair_value": 55.770624,
        "relative_strength": -5.094396,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.694446,
        "energy": 56.887551,
        "activity_lines": [
          62.751215,
          62.382007,
          60.803675,
          60.122906
        ]
      },
      {
        "date": "2024-02-09",
        "close": 65.178292,
        "volume": 1265017,
        "typical_volume": 2047538.25,
        "trend": 59.737677,
        "fair_value": 55.819523,
        "relative_strength": -5.844242,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.492869,
        "energy": 79.555342,
        "activity_lines": [
          63.746593,
          62.985879,
          61.33922,
          60.486918
        ]
      },
      {
        "date": "2024-02-16",
        "close": 64.114078,
        "volume": 1938815,
        "typical_volume": 2061847.45,
        "trend": 59.894526,
        "fair_value": 55.86912,
        "relative_strength": -6.753887,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.178219,
        "energy": 75.72349,
        "activity_lines": [
          64.12634,
          63.283093,
          61.736962,
          60.769266
        ]
      },
      {
        "date": "2024-02-23",
        "close": 64.588137,
        "volume": 1506846,
        "typical_volume": 2049508.3,
        "trend": 60.054428,
        "fair_value": 55.934366,
        "relative_strength": -7.265931,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.523997,
        "energy": 78.681781,
        "activity_lines": [
          64.455525,
          63.577368,
          62.14719,
          61.07208
        ]
      },
      {
        "date": "2024-03-01",
        "close": 70.160751,
        "volume": 3462798,
        "typical_volume": 2139645.85,
        "trend": 60.419845,
        "fair_value": 56.034091,
        "relative_strength": 0.078352,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 93.170467,
        "energy": 92.338451,
        "activity_lines": [
          66.4554,
          64.859649,
          63.05455,
          61.7241
        ]
      },
      {
        "date": "2024-03-08",
        "close": 70.170425,
        "volume": 2304297,
        "typical_volume": 2134048.9,
        "trend": 60.77156,
        "fair_value": 56.120024,
        "relative_strength": 0.645256,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.369339,
        "energy": 91.514281,
        "activity_lines": [
          67.911066,
          66.018048,
          63.905444,
          62.35317
        ]
      },
      {
        "date": "2024-03-15",
        "close": 71.331386,
        "volume": 4077386,
        "typical_volume": 2253010.8,
        "trend": 61.207491,
        "fair_value": 56.224944,
        "relative_strength": 2.574612,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.864036,
        "energy": 94.419552,
        "activity_lines": [
          69.407416,
          67.256982,
          64.800559,
          63.034449
        ]
      },
      {
        "date": "2024-03-22",
        "close": 72.163409,
        "volume": 2229400,
        "typical_volume": 2252188.4,
        "trend": 61.654195,
        "fair_value": 56.338454,
        "relative_strength": 1.731937,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.653611,
        "energy": 93.462243,
        "activity_lines": [
          70.7709,
          68.464166,
          65.697186,
          63.741283
        ]
      },
      {
        "date": "2024-03-29",
        "close": 72.250481,
        "volume": 1808043,
        "typical_volume": 2246400.25,
        "trend": 61.987321,
        "fair_value": 56.4527,
        "relative_strength": 1.723316,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.203328,
        "energy": 90.51011,
        "activity_lines": [
          71.626787,
          69.483944,
          66.530976,
          64.424914
        ]
      },
      {
        "date": "2024-04-05",
        "close": 72.056987,
        "volume": 2185764,
        "typical_volume": 2198124.95,
        "trend": 62.410318,
        "fair_value": 56.561383,
        "relative_strength": 2.431086,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.016741,
        "energy": 85.714194,
        "activity_lines": [
          71.907352,
          70.278268,
          67.276669,
          65.07457
        ]
      },
      {
        "date": "2024-04-12",
        "close": 71.079845,
        "volume": 1801476,
        "typical_volume": 2202275.2,
        "trend": 62.806503,
        "fair_value": 56.656698,
        "relative_strength": 2.673339,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.403657,
        "energy": 66.320105,
        "activity_lines": [
          71.735788,
          70.711152,
          67.862198,
          65.633894
        ]
      },
      {
        "date": "2024-04-19",
        "close": 69.570595,
        "volume": 1927138,
        "typical_volume": 2140825.0,
        "trend": 63.208061,
        "fair_value": 56.734996,
        "relative_strength": 3.813961,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.690889,
        "energy": 58.979924,
        "activity_lines": [
          71.000512,
          70.758646,
          68.241951,
          66.070287
        ]
      },
      {
        "date": "2024-04-26",
        "close": 69.918884,
        "volume": 3333601,
        "typical_volume": 2192445.55,
        "trend": 63.630189,
        "fair_value": 56.81091,
        "relative_strength": 1.789761,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 49.925926,
        "energy": 45.40428,
        "activity_lines": [
          70.498719,
          70.789605,
          68.604321,
          66.503244
        ]
      },
      {
        "date": "2024-05-03",
        "close": 71.418458,
        "volume": 2050601,
        "typical_volume": 2103493.15,
        "trend": 64.093022,
        "fair_value": 56.883943,
        "relative_strength": 3.523558,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 53.032625,
        "energy": 43.614334,
        "activity_lines": [
          70.646419,
          70.987672,
          69.058521,
          67.005713
        ]
      },
      {
        "date": "2024-05-10",
        "close": 72.714865,
        "volume": 2855914,
        "typical_volume": 2159428.5,
        "trend": 64.579869,
        "fair_value": 56.972806,
        "relative_strength": 3.602105,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.900491,
        "energy": 47.655002,
        "activity_lines": [
          71.281723,
          71.297261,
          69.597064,
          67.56196
        ]
      },
      {
        "date": "2024-05-17",
        "close": 71.37976,
        "volume": 1612648,
        "typical_volume": 2171741.85,
        "trend": 65.084613,
        "fair_value": 57.071583,
        "relative_strength": 0.226551,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.301417,
        "energy": 46.517451,
        "activity_lines": [
          71.428133,
          71.317666,
          69.963386,
          68.000663
        ]
      },
      {
        "date": "2024-05-24",
        "close": 71.776421,
        "volume": 1780255,
        "typical_volume": 2180209.05,
        "trend": 65.643539,
        "fair_value": 57.167041,
        "relative_strength": 0.967923,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.438308,
        "energy": 47.409763,
        "activity_lines": [
          71.686769,
          71.388203,
          70.327534,
          68.432393
        ]
      },
      {
        "date": "2024-05-31",
        "close": 71.283013,
        "volume": 3960078,
        "typical_volume": 2289505.35,
        "trend": 66.112098,
        "fair_value": 57.241397,
        "relative_strength": 0.657902,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.081888,
        "energy": 46.459948,
        "activity_lines": [
          71.633881,
          71.360938,
          70.594637,
          68.79623
        ]
      },
      {
        "date": "2024-06-07",
        "close": 70.818629,
        "volume": 4783730,
        "typical_volume": 2465425.9,
        "trend": 66.552057,
        "fair_value": 57.327642,
        "relative_strength": -1.200986,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.584464,
        "energy": 34.638632,
        "activity_lines": [
          71.335256,
          71.265247,
          70.768477,
          69.099877
        ]
      },
      {
        "date": "2024-06-14",
        "close": 69.367427,
        "volume": 2831347,
        "typical_volume": 2524900.85,
        "trend": 66.932122,
        "fair_value": 57.412725,
        "relative_strength": -4.679817,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 35.896495,
        "energy": 20.786705,
        "activity_lines": [
          70.592886,
          70.931734,
          70.761091,
          69.281514
        ]
      },
      {
        "date": "2024-06-21",
        "close": 70.159778,
        "volume": 2368852,
        "typical_volume": 2504200.3,
        "trend": 67.33572,
        "fair_value": 57.486726,
        "relative_strength": -4.111543,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 21.719145,
        "energy": 13.445506,
        "activity_lines": [
          70.337795,
          70.791187,
          70.793842,
          69.489749
        ]
      },
      {
        "date": "2024-06-28",
        "close": 69.48974,
        "volume": 3838698,
        "typical_volume": 2632884.35,
        "trend": 67.686902,
        "fair_value": 57.550728,
        "relative_strength": -4.853458,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 15.029054,
        "energy": 13.359509,
        "activity_lines": [
          69.940691,
          70.545543,
          70.738096,
          69.628719
        ]
      },
      {
        "date": "2024-07-05",
        "close": 68.042846,
        "volume": 1785067,
        "typical_volume": 2625196.95,
        "trend": 67.98127,
        "fair_value": 57.599395,
        "relative_strength": -8.419914,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": -2.026582,
        "energy": 13.40281,
        "activity_lines": [
          69.213734,
          70.038297,
          70.524019,
          69.651683
        ]
      },
      {
        "date": "2024-07-12",
        "close": 70.101514,
        "volume": 1535119,
        "typical_volume": 2626610.6,
        "trend": 68.211243,
        "fair_value": 57.660308,
        "relative_strength": -6.439294,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 9.743478,
        "energy": 12.202861,
        "activity_lines": [
          69.38901,
          69.939464,
          70.487297,
          69.788473
        ]
      },
      {
        "date": "2024-07-19",
        "close": 70.46081,
        "volume": 1867714,
        "typical_volume": 2546856.4,
        "trend": 68.451586,
        "fair_value": 57.725306,
        "relative_strength": -4.00811,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 12.572243,
        "energy": 10.372443,
        "activity_lines": [
          69.73186,
          69.929902,
          70.45854,
          69.933606
        ]
      },
      {
        "date": "2024-07-26",
        "close": 72.14076,
        "volume": 1598159,
        "typical_volume": 2511549.5,
        "trend": 68.756603,
        "fair_value": 57.794479,
        "relative_strength": -0.895342,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 40.638485,
        "energy": 17.48245,
        "activity_lines": [
          70.561801,
          70.266769,
          70.588349,
          70.171617
        ]
      },
      {
        "date": "2024-08-02",
        "close": 70.218042,
        "volume": 2243755,
        "typical_volume": 2419867.95,
        "trend": 69.055041,
        "fair_value": 57.843364,
        "relative_strength": -1.411085,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 28.319007,
        "energy": 16.490334,
        "activity_lines": [
          70.61877,
          70.240214,
          70.52566,
          70.265904
        ]
      },
      {
        "date": "2024-08-09",
        "close": 70.790973,
        "volume": 1995962,
        "typical_volume": 2408196.05,
        "trend": 69.381895,
        "fair_value": 57.889981,
        "relative_strength": -0.582786,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 30.571037,
        "energy": 17.882312,
        "activity_lines": [
          70.818163,
          70.346163,
          70.522837,
          70.377899
        ]
      },
      {
        "date": "2024-08-16",
        "close": 70.77359,
        "volume": 2002721,
        "typical_volume": 2417929.95,
        "trend": 69.681501,
        "fair_value": 57.944891,
        "relative_strength": -4.324655,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 31.718654,
        "energy": 17.432094,
        "activity_lines": [
          70.828553,
          70.457897,
          70.524894,
          70.467686
        ]
      },
      {
        "date": "2024-08-23",
        "close": 72.917949,
        "volume": 1748157,
        "typical_volume": 2396049.6,
        "trend": 70.047124,
        "fair_value": 58.002877,
        "relative_strength": -2.716903,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 54.450868,
        "energy": 31.518964,
        "activity_lines": [
          71.508925,
          70.960333,
          70.738208,
          70.676489
        ]
      },
      {
        "date": "2024-08-30",
        "close": 70.890555,
        "volume": 3431826,
        "typical_volume": 2477567.1,
        "trend": 70.24428,
        "fair_value": 58.086611,
        "relative_strength": -5.488796,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 42.0093,
        "energy": 23.558741,
        "activity_lines": [
          71.349689,
          71.029598,
          70.754338,
          70.730904
        ]
      },
      {
        "date": "2024-09-06",
        "close": 67.985923,
        "volume": 1709829,
        "typical_volume": 2466701.65,
        "trend": 70.337868,
        "fair_value": 58.166687,
        "relative_strength": -5.322197,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -18.014599,
        "energy": 7.374177,
        "activity_lines": [
          70.305589,
          70.557461,
          70.494737,
          70.585204
        ]
      },
      {
        "date": "2024-09-13",
        "close": 68.921643,
        "volume": 2121479,
        "typical_volume": 2406095.55,
        "trend": 70.49812,
        "fair_value": 58.249184,
        "relative_strength": -7.552348,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -47.873963,
        "energy": 28.440711,
        "activity_lines": [
          69.722204,
          70.282796,
          70.331799,
          70.493834
        ]
      },
      {
        "date": "2024-09-20",
        "close": 70.47143,
        "volume": 2947513,
        "typical_volume": 2450941.15,
        "trend": 70.69423,
        "fair_value": 58.342272,
        "relative_strength": -6.643449,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -43.054258,
        "energy": 24.394126,
        "activity_lines": [
          69.780037,
          70.273934,
          70.321208,
          70.492112
        ]
      },
      {
        "date": "2024-09-27",
        "close": 71.952987,
        "volume": 2739259,
        "typical_volume": 2445108.4,
        "trend": 70.753971,
        "fair_value": 58.453918,
        "relative_strength": -5.08259,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -19.172575,
        "energy": 12.202752,
        "activity_lines": [
          70.351866,
          70.527719,
          70.456227,
          70.573322
        ]
      },
      {
        "date": "2024-10-04",
        "close": 71.836022,
        "volume": 2551724,
        "typical_volume": 2492062.2,
        "trend": 70.809491,
        "fair_value": 58.568032,
        "relative_strength": -5.344101,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 9.761516,
        "energy": 8.545459,
        "activity_lines": [
          70.949037,
          70.733107,
          70.583735,
          70.643132
        ]
      },
      {
        "date": "2024-10-11",
        "close": 71.952987,
        "volume": 2331094,
        "typical_volume": 2519604.15,
        "trend": 70.830211,
        "fair_value": 58.679021,
        "relative_strength": -6.101293,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 21.297091,
        "energy": 19.496962,
        "activity_lines": [
          71.522166,
          70.965303,
          70.72021,
          70.716906
        ]
      },
      {
        "date": "2024-10-18",
        "close": 73.785439,
        "volume": 2293025,
        "typical_volume": 2436251.5,
        "trend": 70.884278,
        "fair_value": 58.795737,
        "relative_strength": -4.408444,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 63.40356,
        "energy": 51.695056,
        "activity_lines": [
          72.441641,
          71.499127,
          71.030363,
          70.907566
        ]
      },
      {
        "date": "2024-10-25",
        "close": 72.986178,
        "volume": 2733908,
        "typical_volume": 2333760.4,
        "trend": 70.908802,
        "fair_value": 58.905899,
        "relative_strength": -4.402349,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.486241,
        "energy": 54.786324,
        "activity_lines": [
          72.770443,
          71.833186,
          71.25248,
          71.043173
        ]
      },
      {
        "date": "2024-11-01",
        "close": 71.972481,
        "volume": 2402994,
        "typical_volume": 2312342.75,
        "trend": 70.905985,
        "fair_value": 59.001158,
        "relative_strength": -4.306191,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 54.498711,
        "energy": 49.853625,
        "activity_lines": [
          72.593695,
          71.942708,
          71.367732,
          71.111797
        ]
      },
      {
        "date": "2024-11-08",
        "close": 75.58865,
        "volume": 2460877,
        "typical_volume": 2316944.0,
        "trend": 71.056278,
        "fair_value": 59.113876,
        "relative_strength": -3.972937,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.309024,
        "energy": 63.733752,
        "activity_lines": [
          73.621038,
          72.726906,
          71.814977,
          71.413904
        ]
      },
      {
        "date": "2024-11-15",
        "close": 74.467735,
        "volume": 2134608,
        "typical_volume": 2231739.5,
        "trend": 71.219516,
        "fair_value": 59.229601,
        "relative_strength": -3.342612,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.650069,
        "energy": 55.562136,
        "activity_lines": [
          74.024568,
          73.22188,
          72.129616,
          71.633998
        ]
      },
      {
        "date": "2024-11-22",
        "close": 75.491179,
        "volume": 2983206,
        "typical_volume": 2291646.45,
        "trend": 71.405259,
        "fair_value": 59.36345,
        "relative_strength": -3.585389,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.970612,
        "energy": 60.775419,
        "activity_lines": [
          74.601595,
          73.785085,
          72.518021,
          71.90959
        ]
      },
      {
        "date": "2024-11-29",
        "close": 76.076004,
        "volume": 2198226,
        "typical_volume": 2324801.8,
        "trend": 71.560511,
        "fair_value": 59.51887,
        "relative_strength": -3.918908,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.517211,
        "energy": 73.397262,
        "activity_lines": [
          75.259848,
          74.335175,
          72.926655,
          72.210928
        ]
      },
      {
        "date": "2024-12-06",
        "close": 71.036761,
        "volume": 5047092,
        "typical_volume": 2483770.7,
        "trend": 71.504574,
        "fair_value": 59.621095,
        "relative_strength": -10.883145,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 42.854739,
        "energy": 30.436461,
        "activity_lines": [
          74.032365,
          73.867137,
          72.826912,
          72.177138
        ]
      },
      {
        "date": "2024-12-13",
        "close": 70.577125,
        "volume": 4085458,
        "typical_volume": 2608135.65,
        "trend": 71.47782,
        "fair_value": 59.730066,
        "relative_strength": -10.681675,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 20.332885,
        "energy": 11.693503,
        "activity_lines": [
          72.714052,
          73.332188,
          72.680651,
          72.117302
        ]
      },
      {
        "date": "2024-12-20",
        "close": 66.546382,
        "volume": 5019696,
        "typical_volume": 2746932.7,
        "trend": 71.303485,
        "fair_value": 59.811763,
        "relative_strength": -13.921321,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "mixed",
        "direction": -35.836632,
        "energy": 33.033903,
        "activity_lines": [
          70.386259,
          72.087266,
          72.157955,
          71.799145
        ]
      },
      {
        "date": "2024-12-27",
        "close": 66.526816,
        "volume": 1751545,
        "typical_volume": 2734711.85,
        "trend": 71.144945,
        "fair_value": 59.883642,
        "relative_strength": -14.222145,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -39.289267,
        "energy": 45.577744,
        "activity_lines": [
          68.580034,
          70.937089,
          71.650881,
          71.490973
        ]
      },
      {
        "date": "2025-01-03",
        "close": 66.781183,
        "volume": 1671989,
        "typical_volume": 2718175.25,
        "trend": 71.010364,
        "fair_value": 59.955536,
        "relative_strength": -13.195577,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -42.545266,
        "energy": 67.188093,
        "activity_lines": [
          67.456222,
          69.965134,
          71.188337,
          71.20944
        ]
      },
      {
        "date": "2025-01-10",
        "close": 65.069096,
        "volume": 1646254,
        "typical_volume": 2713080.1,
        "trend": 70.867086,
        "fair_value": 60.01795,
        "relative_strength": -13.527539,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -78.150089,
        "energy": 83.638989,
        "activity_lines": [
          66.38137,
          68.79471,
          70.581749,
          70.826132
        ]
      },
      {
        "date": "2025-01-17",
        "close": 69.510739,
        "volume": 2577012,
        "typical_volume": 2670339.4,
        "trend": 70.845451,
        "fair_value": 60.128163,
        "relative_strength": -10.088065,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.065732,
        "energy": 67.481255,
        "activity_lines": [
          67.184909,
          68.557373,
          70.43555,
          70.738626
        ]
      },
      {
        "date": "2025-01-24",
        "close": 70.714092,
        "volume": 2088025,
        "typical_volume": 2689249.2,
        "trend": 70.886263,
        "fair_value": 60.252911,
        "relative_strength": -9.928459,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.299897,
        "energy": 37.036555,
        "activity_lines": [
          68.460659,
          68.649334,
          70.410527,
          70.730151
        ]
      },
      {
        "date": "2025-01-31",
        "close": 69.647706,
        "volume": 2958372,
        "typical_volume": 2731093.85,
        "trend": 70.939758,
        "fair_value": 60.375311,
        "relative_strength": -10.14746,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -40.940331,
        "energy": 23.442508,
        "activity_lines": [
          69.103099,
          68.615656,
          70.270951,
          70.650244
        ]
      },
      {
        "date": "2025-02-07",
        "close": 68.61067,
        "volume": 1990894,
        "typical_volume": 2683262.9,
        "trend": 70.890064,
        "fair_value": 60.494423,
        "relative_strength": -11.098258,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -35.562313,
        "energy": 22.991127,
        "activity_lines": [
          69.191802,
          68.49967,
          70.029153,
          70.49998
        ]
      },
      {
        "date": "2025-02-14",
        "close": 67.35271,
        "volume": 2098318,
        "typical_volume": 2651215.85,
        "trend": 70.78646,
        "fair_value": 60.60433,
        "relative_strength": -13.754322,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -45.580091,
        "energy": 22.282386,
        "activity_lines": [
          68.739218,
          68.290698,
          69.67641,
          70.271764
        ]
      },
      {
        "date": "2025-02-21",
        "close": 67.558952,
        "volume": 2160353,
        "typical_volume": 2631647.3,
        "trend": 70.633733,
        "fair_value": 60.712255,
        "relative_strength": -11.868502,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -47.162118,
        "energy": 29.320764,
        "activity_lines": [
          68.203141,
          68.186207,
          69.365215,
          70.063538
        ]
      },
      {
        "date": "2025-02-28",
        "close": 67.853583,
        "volume": 3216813,
        "typical_volume": 2675933.25,
        "trend": 70.554918,
        "fair_value": 60.842555,
        "relative_strength": -10.297171,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.485525,
        "energy": 33.171639,
        "activity_lines": [
          67.895393,
          68.190162,
          69.102448,
          69.884173
        ]
      },
      {
        "date": "2025-03-07",
        "close": 68.491951,
        "volume": 4544863,
        "typical_volume": 2788525.15,
        "trend": 70.478284,
        "fair_value": 60.980492,
        "relative_strength": -6.299897,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -51.54145,
        "energy": 32.682535,
        "activity_lines": [
          67.991136,
          68.286416,
          68.919998,
          69.751078
        ]
      },
      {
        "date": "2025-03-14",
        "close": 67.215215,
        "volume": 4115530,
        "typical_volume": 2857606.25,
        "trend": 70.359671,
        "fair_value": 61.095646,
        "relative_strength": -5.59224,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.287866,
        "energy": 32.96999,
        "activity_lines": [
          67.738349,
          68.114806,
          68.641161,
          69.540558
        ]
      },
      {
        "date": "2025-03-21",
        "close": 66.007227,
        "volume": 5517763,
        "typical_volume": 3013344.7,
        "trend": 70.129314,
        "fair_value": 61.203056,
        "relative_strength": -7.433467,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.990033,
        "energy": 41.938192,
        "activity_lines": [
          67.175931,
          67.71567,
          68.274759,
          69.259755
        ]
      },
      {
        "date": "2025-03-28",
        "close": 65.869733,
        "volume": 2593120,
        "typical_volume": 3019956.85,
        "trend": 69.961953,
        "fair_value": 61.307542,
        "relative_strength": -5.937882,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.000877,
        "energy": 46.855105,
        "activity_lines": [
          66.65738,
          67.274479,
          67.923668,
          68.984943
        ]
      },
      {
        "date": "2025-04-04",
        "close": 59.751223,
        "volume": 3679346,
        "typical_volume": 3097193.75,
        "trend": 69.687463,
        "fair_value": 61.379596,
        "relative_strength": -5.844344,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -86.248851,
        "energy": 76.27769,
        "activity_lines": [
          64.211941,
          65.787032,
          67.036142,
          68.326187
        ]
      },
      {
        "date": "2025-04-11",
        "close": 62.275231,
        "volume": 4617269,
        "typical_volume": 3178896.9,
        "trend": 69.465916,
        "fair_value": 61.4757,
        "relative_strength": -6.788017,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.881787,
        "energy": 72.517151,
        "activity_lines": [
          63.147994,
          64.95782,
          66.459077,
          67.847978
        ]
      },
      {
        "date": "2025-04-18",
        "close": 61.617221,
        "volume": 2452686,
        "typical_volume": 3191619.9,
        "trend": 69.170776,
        "fair_value": 61.561758,
        "relative_strength": -6.089463,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.695167,
        "energy": 76.960348,
        "activity_lines": [
          62.279159,
          64.143015,
          65.882277,
          67.341611
        ]
      },
      {
        "date": "2025-04-25",
        "close": 64.406397,
        "volume": 2553454,
        "typical_volume": 3066938.0,
        "trend": 68.919223,
        "fair_value": 61.679994,
        "relative_strength": -5.833281,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.77571,
        "energy": 64.530972,
        "activity_lines": [
          62.713249,
          63.962486,
          65.639964,
          67.034231
        ]
      },
      {
        "date": "2025-05-02",
        "close": 66.066153,
        "volume": 2578068,
        "typical_volume": 2991568.5,
        "trend": 68.726894,
        "fair_value": 61.80154,
        "relative_strength": -5.790941,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.2943,
        "energy": 36.488307,
        "activity_lines": [
          63.807313,
          64.137301,
          65.587297,
          66.850162
        ]
      },
      {
        "date": "2025-05-09",
        "close": 66.400069,
        "volume": 2023392,
        "typical_volume": 2841753.3,
        "trend": 68.541797,
        "fair_value": 61.928831,
        "relative_strength": -4.556847,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -38.352737,
        "energy": 20.521067,
        "activity_lines": [
          64.999588,
          64.399969,
          65.587911,
          66.700045
        ]
      },
      {
        "date": "2025-05-16",
        "close": 69.749044,
        "volume": 2120326,
        "typical_volume": 2860192.35,
        "trend": 68.40725,
        "fair_value": 62.076749,
        "relative_strength": -4.495947,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -8.099939,
        "energy": 16.577135,
        "activity_lines": [
          66.864931,
          65.297969,
          65.908173,
          66.777931
        ]
      },
      {
        "date": "2025-05-23",
        "close": 66.969689,
        "volume": 2054887,
        "typical_volume": 2879337.25,
        "trend": 68.206701,
        "fair_value": 62.190809,
        "relative_strength": -5.592397,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -20.767781,
        "energy": 22.325198,
        "activity_lines": [
          67.305569,
          65.667776,
          65.94839,
          66.685186
        ]
      },
      {
        "date": "2025-05-30",
        "close": 68.305351,
        "volume": 1992977,
        "typical_volume": 2896673.4,
        "trend": 68.084463,
        "fair_value": 62.308746,
        "relative_strength": -5.076159,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -3.17341,
        "energy": 17.521749,
        "activity_lines": [
          67.834596,
          66.284895,
          66.114915,
          66.69155
        ]
      },
      {
        "date": "2025-06-06",
        "close": 69.120498,
        "volume": 4223292,
        "typical_volume": 2978987.4,
        "trend": 67.868858,
        "fair_value": 62.447046,
        "relative_strength": -5.223856,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 19.473656,
        "energy": 23.523633,
        "activity_lines": [
          68.375408,
          67.008438,
          66.343663,
          66.758391
        ]
      },
      {
        "date": "2025-06-13",
        "close": 67.431278,
        "volume": 2555426,
        "typical_volume": 3002357.45,
        "trend": 67.634309,
        "fair_value": 62.600102,
        "relative_strength": -6.966529,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 12.896593,
        "energy": 17.401694,
        "activity_lines": [
          68.149524,
          67.365745,
          66.413391,
          66.73016
        ]
      },
      {
        "date": "2025-06-20",
        "close": 67.211375,
        "volume": 2599598,
        "typical_volume": 2984418.75,
        "trend": 67.358316,
        "fair_value": 62.740826,
        "relative_strength": -6.865504,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 11.878466,
        "energy": 13.172886,
        "activity_lines": [
          67.781591,
          67.543433,
          66.477808,
          66.702874
        ]
      },
      {
        "date": "2025-06-27",
        "close": 68.621886,
        "volume": 2962973,
        "typical_volume": 3033022.7,
        "trend": 67.109845,
        "fair_value": 62.887636,
        "relative_strength": -7.843189,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 15.906941,
        "energy": 13.915226,
        "activity_lines": [
          68.053007,
          67.887829,
          66.688161,
          66.784395
        ]
      },
      {
        "date": "2025-07-04",
        "close": 70.288855,
        "volume": 2000088,
        "typical_volume": 3028111.2,
        "trend": 67.084915,
        "fair_value": 63.042537,
        "relative_strength": -7.004619,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 35.983695,
        "energy": 24.966563,
        "activity_lines": [
          68.769933,
          68.407953,
          67.05722,
          66.989492
        ]
      },
      {
        "date": "2025-07-11",
        "close": 69.598394,
        "volume": 2644164,
        "typical_volume": 3052301.75,
        "trend": 67.052291,
        "fair_value": 63.194762,
        "relative_strength": -7.441273,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 58.486083,
        "energy": 44.602466,
        "activity_lines": [
          69.124472,
          68.695584,
          67.346538,
          67.151652
        ]
      },
      {
        "date": "2025-07-18",
        "close": 69.48003,
        "volume": 2430594,
        "typical_volume": 3012990.8,
        "trend": 67.150079,
        "fair_value": 63.331384,
        "relative_strength": -7.899263,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.352267,
        "energy": 50.754029,
        "activity_lines": [
          69.407696,
          68.897473,
          67.614873,
          67.30828
        ]
      },
      {
        "date": "2025-07-25",
        "close": 70.949724,
        "volume": 2327459,
        "typical_volume": 2902120.6,
        "trend": 67.297509,
        "fair_value": 63.457877,
        "relative_strength": -7.017455,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.079676,
        "energy": 61.620272,
        "activity_lines": [
          70.044235,
          69.310579,
          68.015433,
          67.553419
        ]
      },
      {
        "date": "2025-08-01",
        "close": 69.90417,
        "volume": 2910107,
        "typical_volume": 2841849.45,
        "trend": 67.401609,
        "fair_value": 63.576521,
        "relative_strength": -5.8043,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.993299,
        "energy": 52.018118,
        "activity_lines": [
          70.083032,
          69.511754,
          68.304713,
          67.72159
        ]
      },
      {
        "date": "2025-08-08",
        "close": 71.127271,
        "volume": 2002285,
        "typical_volume": 2666075.55,
        "trend": 67.603548,
        "fair_value": 63.689127,
        "relative_strength": -6.136248,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.821549,
        "energy": 53.572457,
        "activity_lines": [
          70.444044,
          69.881956,
          68.697674,
          67.961956
        ]
      },
      {
        "date": "2025-08-15",
        "close": 72.67451,
        "volume": 2454577,
        "typical_volume": 2659148.4,
        "trend": 67.709007,
        "fair_value": 63.81541,
        "relative_strength": -4.776214,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.534001,
        "energy": 63.453344,
        "activity_lines": [
          71.264908,
          70.482168,
          69.213611,
          68.289115
        ]
      },
      {
        "date": "2025-08-22",
        "close": 74.992012,
        "volume": 2929473,
        "typical_volume": 2621654.75,
        "trend": 67.851604,
        "fair_value": 63.972665,
        "relative_strength": -1.783646,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.698924,
        "energy": 75.968151,
        "activity_lines": [
          72.653198,
          71.439125,
          69.917858,
          68.758986
        ]
      },
      {
        "date": "2025-08-29",
        "close": 78.904036,
        "volume": 6180181,
        "typical_volume": 2699800.35,
        "trend": 68.160149,
        "fair_value": 64.170445,
        "relative_strength": 3.465698,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.884177,
        "energy": 87.195789,
        "activity_lines": [
          74.978031,
          72.969891,
          70.922103,
          69.472046
        ]
      },
      {
        "date": "2025-09-05",
        "close": 80.260865,
        "volume": 2475581,
        "typical_volume": 2700945.1,
        "trend": 68.548488,
        "fair_value": 64.36511,
        "relative_strength": 4.946384,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.170948,
        "energy": 94.360992,
        "activity_lines": [
          77.224853,
          74.534759,
          71.976386,
          70.252737
        ]
      },
      {
        "date": "2025-09-12",
        "close": 80.072692,
        "volume": 3243689,
        "typical_volume": 2735456.85,
        "trend": 68.972488,
        "fair_value": 64.565353,
        "relative_strength": 3.120209,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.307513,
        "energy": 92.227684,
        "activity_lines": [
          78.718504,
          75.853796,
          72.923968,
          70.996234
        ]
      },
      {
        "date": "2025-09-19",
        "close": 80.30048,
        "volume": 4391760,
        "typical_volume": 2826141.45,
        "trend": 69.397205,
        "fair_value": 64.779234,
        "relative_strength": 2.226807,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.41633,
        "energy": 90.028117,
        "activity_lines": [
          79.691723,
          77.036362,
          73.818643,
          71.727073
        ]
      },
      {
        "date": "2025-09-26",
        "close": 80.241057,
        "volume": 2494696,
        "typical_volume": 2849706.65,
        "trend": 69.810121,
        "fair_value": 64.996673,
        "relative_strength": 2.544474,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.991188,
        "energy": 87.184914,
        "activity_lines": [
          80.136736,
          78.01354,
          74.639875,
          72.426676
        ]
      },
      {
        "date": "2025-10-03",
        "close": 81.815771,
        "volume": 2331076,
        "typical_volume": 2860244.15,
        "trend": 70.254249,
        "fair_value": 65.214088,
        "relative_strength": 3.480265,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.366523,
        "energy": 78.838863,
        "activity_lines": [
          80.756718,
          79.081374,
          75.545172,
          73.201234
        ]
      },
      {
        "date": "2025-10-10",
        "close": 79.112017,
        "volume": 2278196,
        "typical_volume": 2871409.6,
        "trend": 70.650809,
        "fair_value": 65.413565,
        "relative_strength": 2.616518,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.95241,
        "energy": 62.297087,
        "activity_lines": [
          80.281333,
          79.460052,
          76.135507,
          73.772703
        ]
      },
      {
        "date": "2025-10-17",
        "close": 81.974232,
        "volume": 1942204,
        "typical_volume": 2868870.95,
        "trend": 71.183042,
        "fair_value": 65.61691,
        "relative_strength": 4.583778,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.809,
        "energy": 62.624269,
        "activity_lines": [
          80.836609,
          80.191718,
          76.940613,
          74.503246
        ]
      },
      {
        "date": "2025-10-24",
        "close": 82.449617,
        "volume": 2296917,
        "typical_volume": 2772552.2,
        "trend": 71.735705,
        "fair_value": 65.797978,
        "relative_strength": 3.291052,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.856293,
        "energy": 61.717958,
        "activity_lines": [
          81.423578,
          80.8126,
          77.725905,
          75.230122
        ]
      },
      {
        "date": "2025-10-31",
        "close": 83.440003,
        "volume": 3433474,
        "typical_volume": 2816454.6,
        "trend": 72.525331,
        "fair_value": 65.977942,
        "relative_strength": 3.883229,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.22899,
        "energy": 61.953127,
        "activity_lines": [
          82.197399,
          81.435822,
          78.542047,
          75.985238
        ]
      },
      {
        "date": "2025-11-07",
        "close": 86.02491,
        "volume": 3998973,
        "typical_volume": 2886423.35,
        "trend": 73.316987,
        "fair_value": 66.168903,
        "relative_strength": 8.866014,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.609204,
        "energy": 66.96842,
        "activity_lines": [
          83.619593,
          82.375428,
          79.528138,
          76.856179
        ]
      },
      {
        "date": "2025-11-14",
        "close": 84.747313,
        "volume": 2550243,
        "typical_volume": 2865786.85,
        "trend": 74.08799,
        "fair_value": 66.349493,
        "relative_strength": 7.140514,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.925448,
        "energy": 63.994011,
        "activity_lines": [
          84.335312,
          82.953274,
          80.302965,
          77.593619
        ]
      },
      {
        "date": "2025-11-21",
        "close": 86.837027,
        "volume": 3058975,
        "typical_volume": 2918731.2,
        "trend": 74.835678,
        "fair_value": 66.535481,
        "relative_strength": 11.868028,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.700736,
        "energy": 70.953594,
        "activity_lines": [
          85.371916,
          83.829495,
          81.200025,
          78.416138
        ]
      },
      {
        "date": "2025-11-28",
        "close": 89.035683,
        "volume": 3248007,
        "typical_volume": 2948923.35,
        "trend": 75.601329,
        "fair_value": 66.736411,
        "relative_strength": 10.566733,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.764464,
        "energy": 88.462089,
        "activity_lines": [
          86.817219,
          84.982484,
          82.22768,
          79.332267
        ]
      },
      {
        "date": "2025-12-05",
        "close": 91.848379,
        "volume": 4618176,
        "typical_volume": 3058302.45,
        "trend": 76.449606,
        "fair_value": 66.963399,
        "relative_strength": 13.387197,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.518391,
        "energy": 88.700265,
        "activity_lines": [
          88.761016,
          86.488051,
          83.430652,
          80.380464
        ]
      },
      {
        "date": "2025-12-12",
        "close": 91.679467,
        "volume": 3778123,
        "typical_volume": 3130835.65,
        "trend": 77.18062,
        "fair_value": 67.193865,
        "relative_strength": 13.530747,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.485189,
        "energy": 86.38934,
        "activity_lines": [
          90.087951,
          87.751864,
          84.511022,
          81.363036
        ]
      },
      {
        "date": "2025-12-19",
        "close": 92.017291,
        "volume": 5811980,
        "typical_volume": 3275929.3,
        "trend": 78.01554,
        "fair_value": 67.420659,
        "relative_strength": 13.420313,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.799994,
        "energy": 84.300771,
        "activity_lines": [
          91.150524,
          88.897759,
          85.524852,
          82.32024
        ]
      },
      {
        "date": "2025-12-26",
        "close": 90.705739,
        "volume": 1797855,
        "typical_volume": 3265707.8,
        "trend": 78.762219,
        "fair_value": 67.644093,
        "relative_strength": 9.905289,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.014849,
        "energy": 65.88552,
        "activity_lines": [
          91.291247,
          89.57055,
          86.308471,
          83.138963
        ]
      },
      {
        "date": "2026-01-02",
        "close": 89.354443,
        "volume": 2140243,
        "typical_volume": 3249991.1,
        "trend": 79.436684,
        "fair_value": 67.850654,
        "relative_strength": 9.107167,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.930366,
        "energy": 58.992934,
        "activity_lines": [
          90.723624,
          89.838895,
          86.870166,
          83.822332
        ]
      },
      {
        "date": "2026-01-09",
        "close": 94.332379,
        "volume": 2893017,
        "typical_volume": 3248168.3,
        "trend": 80.333388,
        "fair_value": 68.080065,
        "relative_strength": 12.968732,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.300526,
        "energy": 62.301737,
        "activity_lines": [
          91.794062,
          90.886778,
          87.826521,
          84.783344
        ]
      },
      {
        "date": "2026-01-16",
        "close": 100.91001,
        "volume": 3622734,
        "typical_volume": 3120295.95,
        "trend": 81.456675,
        "fair_value": 68.364228,
        "relative_strength": 20.722493,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 89.756829,
        "energy": 71.162909,
        "activity_lines": [
          94.891444,
          92.93255,
          89.31722,
          86.110868
        ]
      },
      {
        "date": "2026-01-23",
        "close": 100.184682,
        "volume": 1958977,
        "typical_volume": 3094465.75,
        "trend": 82.508769,
        "fair_value": 68.631335,
        "relative_strength": 19.749799,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.488256,
        "energy": 72.206526,
        "activity_lines": [
          97.131681,
          94.575806,
          90.634049,
          87.319127
        ]
      },
      {
        "date": "2026-01-30",
        "close": 101.287578,
        "volume": 4502108,
        "typical_volume": 3157386.7,
        "trend": 83.542059,
        "fair_value": 68.893289,
        "relative_strength": 20.031652,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.650321,
        "energy": 87.416961,
        "activity_lines": [
          99.195057,
          96.138909,
          91.961042,
          88.530663
        ]
      },
      {
        "date": "2026-02-06",
        "close": 108.332202,
        "volume": 4418954,
        "typical_volume": 3158746.4,
        "trend": 84.833186,
        "fair_value": 69.202334,
        "relative_strength": 27.798144,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.054626,
        "energy": 94.603185,
        "activity_lines": [
          102.901184,
          98.720116,
          93.857927,
          90.130027
        ]
      },
      {
        "date": "2026-02-13",
        "close": 109.056228,
        "volume": 3549870,
        "typical_volume": 3211505.1,
        "trend": 86.152393,
        "fair_value": 69.509124,
        "relative_strength": 29.349236,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.305364,
        "energy": 92.318722,
        "activity_lines": [
          105.58347,
          101.082118,
          95.690283,
          91.692804
        ]
      },
      {
        "date": "2026-02-20",
        "close": 107.362499,
        "volume": 2531536,
        "typical_volume": 3221528.1,
        "trend": 87.366152,
        "fair_value": 69.813174,
        "relative_strength": 25.108643,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.687823,
        "energy": 86.148702,
        "activity_lines": [
          106.71959,
          102.823299,
          97.224117,
          93.061198
        ]
      },
      {
        "date": "2026-02-27",
        "close": 92.417831,
        "volume": 6560532,
        "typical_volume": 3435644.9,
        "trend": 88.116607,
        "fair_value": 69.997316,
        "relative_strength": 7.913884,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.741618,
        "energy": 51.943697,
        "activity_lines": [
          102.443988,
          101.562122,
          97.212997,
          93.387113
        ]
      },
      {
        "date": "2026-03-06",
        "close": 88.402696,
        "volume": 4638700,
        "typical_volume": 3570469.7,
        "trend": 88.692455,
        "fair_value": 70.172749,
        "relative_strength": 5.134244,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 21.694951,
        "energy": 18.366195,
        "activity_lines": [
          97.347797,
          99.563638,
          96.756123,
          93.40557
        ]
      },
      {
        "date": "2026-03-13",
        "close": 85.483504,
        "volume": 2642350,
        "typical_volume": 3587741.35,
        "trend": 89.119421,
        "fair_value": 70.340944,
        "relative_strength": 3.080665,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -1.757473,
        "energy": 23.799818,
        "activity_lines": [
          92.137535,
          97.076265,
          95.990619,
          93.198541
        ]
      },
      {
        "date": "2026-03-20",
        "close": 83.341435,
        "volume": 4995314,
        "typical_volume": 3665833.35,
        "trend": 89.397736,
        "fair_value": 70.489487,
        "relative_strength": 2.181668,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -35.909238,
        "energy": 44.85209,
        "activity_lines": [
          87.736496,
          94.269806,
          95.006661,
          92.825768
        ]
      },
      {
        "date": "2026-03-27",
        "close": 83.560624,
        "volume": 2652834,
        "typical_volume": 3598526.4,
        "trend": 89.552955,
        "fair_value": 70.626312,
        "relative_strength": 4.599968,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -32.369859,
        "energy": 45.971353,
        "activity_lines": [
          85.12284,
          91.703034,
          94.044047,
          92.44918
        ]
      },
      {
        "date": "2026-04-03",
        "close": 84.915607,
        "volume": 1825964,
        "typical_volume": 3562312.45,
        "trend": 89.708113,
        "fair_value": 70.798436,
        "relative_strength": 2.617953,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -28.035627,
        "energy": 54.036924,
        "activity_lines": [
          84.547636,
          89.698067,
          93.222215,
          92.149996
        ]
      },
      {
        "date": "2026-04-10",
        "close": 88.322991,
        "volume": 2679512,
        "typical_volume": 3543339.3,
        "trend": 89.983123,
        "fair_value": 70.978363,
        "relative_strength": 2.835287,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -24.842793,
        "energy": 47.186974,
        "activity_lines": [
          85.608375,
          88.590244,
          92.724093,
          92.060633
        ]
      },
      {
        "date": "2026-04-17",
        "close": 88.870963,
        "volume": 3351822,
        "typical_volume": 3548530.05,
        "trend": 90.268806,
        "fair_value": 71.158018,
        "relative_strength": -1.098616,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -20.415943,
        "energy": 26.877741,
        "activity_lines": [
          86.857086,
          87.817771,
          92.271084,
          91.988881
        ]
      },
      {
        "date": "2026-04-24",
        "close": 88.631848,
        "volume": 3180432,
        "typical_volume": 3476642.85,
        "trend": 90.548499,
        "fair_value": 71.338277,
        "relative_strength": -1.976662,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -15.113391,
        "energy": 16.996068,
        "activity_lines": [
          87.80026,
          87.355664,
          91.796086,
          91.883271
        ]
      },
      {
        "date": "2026-05-01",
        "close": 85.901955,
        "volume": 3101733,
        "typical_volume": 3442823.35,
        "trend": 90.684705,
        "fair_value": 71.495238,
        "relative_strength": -5.898913,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -17.222661,
        "energy": 15.924055,
        "activity_lines": [
          87.480776,
          86.768565,
          91.076415,
          91.583494
        ]
      },
      {
        "date": "2026-05-08",
        "close": 85.682767,
        "volume": 2105484,
        "typical_volume": 3257498.55,
        "trend": 90.90373,
        "fair_value": 71.658179,
        "relative_strength": -8.258759,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -18.599189,
        "energy": 18.613896,
        "activity_lines": [
          86.932141,
          86.531805,
          90.36338,
          91.260788
        ]
      },
      {
        "date": "2026-05-15",
        "close": 81.637743,
        "volume": 2889290,
        "typical_volume": 3312070.3,
        "trend": 90.892514,
        "fair_value": 71.791529,
        "relative_strength": -12.663203,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.44611,
        "energy": 46.586735,
        "activity_lines": [
          84.98402,
          85.682042,
          89.29527,
          90.662982
        ]
      },
      {
        "date": "2026-05-22",
        "close": 83.351398,
        "volume": 3010741,
        "typical_volume": 3355595.2,
        "trend": 90.922573,
        "fair_value": 71.932506,
        "relative_strength": -11.533917,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.977546,
        "energy": 54.690492,
        "activity_lines": [
          84.052801,
          85.266852,
          88.433546,
          90.176459
        ]
      },
      {
        "date": "2026-05-29",
        "close": 81.568001,
        "volume": 2528734,
        "typical_volume": 3337381.05,
        "trend": 90.860173,
        "fair_value": 72.091716,
        "relative_strength": -14.545112,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.061251,
        "energy": 72.741327,
        "activity_lines": [
          82.895088,
          84.566173,
          87.430561,
          89.572938
        ]
      },
      {
        "date": "2026-06-05",
        "close": 83.341435,
        "volume": 5789801,
        "typical_volume": 3445734.4,
        "trend": 90.770724,
        "fair_value": 72.258003,
        "relative_strength": -10.395776,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.578482,
        "energy": 67.745253,
        "activity_lines": [
          82.799442,
          84.220182,
          86.657257,
          89.087858
        ]
      },
      {
        "date": "2026-06-12",
        "close": 86.081291,
        "volume": 4681084,
        "typical_volume": 3581839.75,
        "trend": 90.81519,
        "fair_value": 72.431311,
        "relative_strength": -7.999409,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.593057,
        "energy": 48.514469,
        "activity_lines": [
          83.787782,
          84.376331,
          86.228551,
          88.785314
        ]
      },
      {
        "date": "2026-06-19",
        "close": 85.52,
        "volume": 4624909,
        "typical_volume": 3587979.8,
        "trend": 90.771289,
        "fair_value": 72.607641,
        "relative_strength": -9.443356,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -44.047694,
        "energy": 31.611321,
        "activity_lines": [
          84.562458,
          84.409233,
          85.813549,
          88.443689
        ]
      },
      {
        "date": "2026-06-26",
        "close": 88.52,
        "volume": 4458004,
        "typical_volume": 3589932.3,
        "trend": 90.7541,
        "fair_value": 72.791923,
        "relative_strength": -4.109754,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -32.156022,
        "energy": 18.840764,
        "activity_lines": [
          86.078316,
          85.038553,
          85.759344,
          88.298445
        ]
      },
      {
        "date": "2026-07-03",
        "close": 89.09,
        "volume": 2768539,
        "typical_volume": 3550865.75,
        "trend": 90.662154,
        "fair_value": 72.988073,
        "relative_strength": -5.623991,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -18.803312,
        "energy": 19.005253,
        "activity_lines": [
          87.439601,
          85.77789,
          85.853768,
          88.191083
        ]
      },
      {
        "date": "2026-07-10",
        "close": 89.24,
        "volume": 3405994,
        "typical_volume": 3594588.65,
        "trend": 90.580838,
        "fair_value": 73.181077,
        "relative_strength": -6.814491,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -2.712512,
        "energy": 15.543826,
        "activity_lines": [
          88.349419,
          86.53617,
          86.057556,
          88.099331
        ]
      },
      {
        "date": "2026-07-17",
        "close": 90.4,
        "volume": 3721995,
        "typical_volume": 3452661.8,
        "trend": 90.526928,
        "fair_value": 73.37974,
        "relative_strength": -4.262993,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 4.16803,
        "energy": 19.922427,
        "activity_lines": [
          89.252667,
          87.444668,
          86.458118,
          88.087664
        ]
      },
      {
        "date": "2026-07-24",
        "close": 92.79,
        "volume": 3432503,
        "typical_volume": 3392351.95,
        "trend": 90.596404,
        "fair_value": 73.591272,
        "relative_strength": -1.3459,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 32.508701,
        "energy": 37.403518,
        "activity_lines": [
          90.664667,
          88.701943,
          87.095907,
          88.233669
        ]
      },
      {
        "date": "2026-07-31",
        "close": 94.24,
        "volume": 3585118,
        "typical_volume": 3439490.35,
        "trend": 90.759256,
        "fair_value": 73.815898,
        "relative_strength": -1.0771,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 36.729287,
        "energy": 51.5411,
        "activity_lines": [
          92.075333,
          90.020086,
          87.850899,
          88.46874
        ]
      },
      {
        "date": "2026-08-07",
        "close": 98.61,
        "volume": 3529918,
        "typical_volume": 3366220.55,
        "trend": 90.901843,
        "fair_value": 74.065841,
        "relative_strength": -0.221772,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 56.682781,
        "energy": 68.287308,
        "activity_lines": [
          94.561333,
          91.9348,
          88.980385,
          88.975239
        ]
      }
    ],
    "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."
    }
  }
}