{
  "ticker": {
    "uuid": "715af75d-ce6c-47b2-9286-a48af56e2a8a",
    "symbol": "SNAP",
    "name": "Snap Inc.",
    "exchange": "MEX",
    "country": "MX",
    "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": "^MXX",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -34.879,
    "architecture_energy": 27.563,
    "architecture_maturity": 46.31,
    "architecture_confidence": 64.663,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 37.14,
        "rotation_up": 27.39,
        "upward_expansion": 17.27,
        "deceleration": 63.16,
        "rotation_down": 38.02,
        "downward_expansion": 64.94
      },
      "activity_lines": [
        84.377333,
        83.3,
        87.741286,
        88.78357
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 91.129997,
    "trend_reference": 92.713333,
    "distance_from_trend": -0.017078,
    "trend_direction": "Weakening",
    "fair_value": 177.571539,
    "distance_from_fair_value": -0.486798,
    "fair_value_direction": "Weakening",
    "relative_strength": -22.729946,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.012556,
    "excess_performance": 0.067222,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.017078,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.178343,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.486798,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.034081,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.227299,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.095493,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.012556,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.345153,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 88322,
      "relative_activity": 3.857732,
      "balance": 0.345153,
      "dry_up": 1.13291,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.074002,
      "annualized_volatility": 0.642682,
      "from_high_reference": -0.450362,
      "from_low_reference": 0.30316
    },
    "levels": {
      "trend_reference": 92.713333,
      "fair_value_reference": 177.571539,
      "structural_low": 69.93,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 37,
        "median_return": -0.013125,
        "positive_rate": 0.459459,
        "directional_follow_through": 0.540541,
        "median_excess_return": -0.034431,
        "regime_survival": 0.810811,
        "best_return": 0.2765,
        "worst_return": -0.43617,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
        "median_return": -0.065569,
        "positive_rate": 0.384615,
        "directional_follow_through": 0.615385,
        "median_excess_return": -0.100367,
        "regime_survival": 0.692308,
        "best_return": 0.37098,
        "worst_return": -0.587,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": -0.157185,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.714286,
        "median_excess_return": -0.2416,
        "regime_survival": 0.714286,
        "best_return": 0.564586,
        "worst_return": -0.714021,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.285948,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.466495,
        "regime_survival": 0.666667,
        "best_return": 0.808642,
        "worst_return": -0.840235,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-08-02",
        "end": "2024-09-20",
        "tenure": "Developing",
        "return": 0.078399,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-09-27",
        "end": "2024-10-25",
        "tenure": "Developing",
        "return": -0.02608,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-11-01",
        "end": "2025-01-10",
        "tenure": "Developing",
        "return": 0.002675,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-01-17",
        "end": "2025-01-31",
        "tenure": "New",
        "return": 0.053097,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-07",
        "end": "2025-02-28",
        "tenure": "New",
        "return": -0.062308,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-07",
        "end": "2025-03-28",
        "tenure": "New",
        "return": -0.072165,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-04",
        "end": "2025-07-18",
        "tenure": "Established",
        "return": 0.130556,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-25",
        "end": "2025-08-01",
        "tenure": "New",
        "return": -0.060773,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-08-08",
        "end": "2025-08-15",
        "tenure": "New",
        "return": -0.035485,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-08-22",
        "end": "2025-11-07",
        "tenure": "Developing",
        "return": 0.13161,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-11-14",
        "end": "2025-12-19",
        "tenure": "Developing",
        "return": -0.14815,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-26",
        "end": "2026-05-15",
        "tenure": "Established",
        "return": -0.325357,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-22",
        "end": "2026-06-19",
        "tenure": "Developing",
        "return": -0.181818,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-06-26",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.177847,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 155.570007,
        "volume": 324,
        "typical_volume": 16464.15,
        "trend": 187.223002,
        "fair_value": 671.627756,
        "relative_strength": -21.642007,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -68.598515,
        "energy": 53.85076,
        "activity_lines": [
          172.610004,
          185.660731,
          184.051432,
          184.635895
        ]
      },
      {
        "date": "2023-08-25",
        "close": 155.0,
        "volume": 42,
        "typical_volume": 16456.15,
        "trend": 185.554335,
        "fair_value": 669.512692,
        "relative_strength": -21.218644,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -76.712471,
        "energy": 74.21051,
        "activity_lines": [
          163.81467,
          179.232185,
          181.522479,
          182.556992
        ]
      },
      {
        "date": "2023-09-01",
        "close": 178.5,
        "volume": 1253,
        "typical_volume": 16508.0,
        "trend": 184.287668,
        "fair_value": 667.43891,
        "relative_strength": -8.473779,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.763753,
        "energy": 64.378874,
        "activity_lines": [
          167.052002,
          177.530912,
          181.400669,
          182.101873
        ]
      },
      {
        "date": "2023-09-08",
        "close": 167.869995,
        "volume": 1228,
        "typical_volume": 13534.2,
        "trend": 183.316668,
        "fair_value": 665.234422,
        "relative_strength": -11.877318,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.770725,
        "energy": 62.211252,
        "activity_lines": [
          166.699333,
          174.056365,
          180.356954,
          181.042669
        ]
      },
      {
        "date": "2023-09-15",
        "close": 155.039993,
        "volume": 14710,
        "typical_volume": 12253.5,
        "trend": 182.118001,
        "fair_value": 662.978269,
        "relative_strength": -15.890014,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.643849,
        "energy": 51.371796,
        "activity_lines": [
          163.18333,
          168.924181,
          178.149096,
          179.218367
        ]
      },
      {
        "date": "2023-09-22",
        "close": 149.5,
        "volume": 6204,
        "typical_volume": 11157.55,
        "trend": 180.930001,
        "fair_value": 660.412371,
        "relative_strength": -18.671129,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.863574,
        "energy": 49.160339,
        "activity_lines": [
          158.884664,
          163.672181,
          175.408668,
          177.11398
        ]
      },
      {
        "date": "2023-09-29",
        "close": 148.479996,
        "volume": 2865,
        "typical_volume": 11133.3,
        "trend": 179.712668,
        "fair_value": 657.61423,
        "relative_strength": -17.241105,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.409919,
        "energy": 69.736743,
        "activity_lines": [
          154.650663,
          159.525998,
          172.559096,
          175.020431
        ]
      },
      {
        "date": "2023-10-06",
        "close": 160.0,
        "volume": 564,
        "typical_volume": 11124.75,
        "trend": 178.659668,
        "fair_value": 654.934743,
        "relative_strength": -7.895955,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.460116,
        "energy": 61.677406,
        "activity_lines": [
          154.691331,
          158.73818,
          170.813905,
          173.748646
        ]
      },
      {
        "date": "2023-10-13",
        "close": 157.100006,
        "volume": 204,
        "typical_volume": 8219.8,
        "trend": 177.129668,
        "fair_value": 652.236666,
        "relative_strength": -8.403488,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.223991,
        "energy": 60.500808,
        "activity_lines": [
          154.998667,
          157.746727,
          168.850144,
          172.3577
        ]
      },
      {
        "date": "2023-10-20",
        "close": 176.0,
        "volume": 10406,
        "typical_volume": 8725.95,
        "trend": 175.896335,
        "fair_value": 648.159743,
        "relative_strength": 4.733448,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -35.612157,
        "energy": 25.25851,
        "activity_lines": [
          162.324001,
          160.691091,
          168.791667,
          172.284818
        ]
      },
      {
        "date": "2023-10-27",
        "close": 170.229996,
        "volume": 38635,
        "typical_volume": 10049.95,
        "trend": 174.960001,
        "fair_value": 643.417627,
        "relative_strength": 0.170509,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -33.778584,
        "energy": 23.222487,
        "activity_lines": [
          166.328666,
          162.495453,
          168.218048,
          171.919248
        ]
      },
      {
        "date": "2023-11-03",
        "close": 187.949997,
        "volume": 76300,
        "typical_volume": 13853.4,
        "trend": 174.875001,
        "fair_value": 639.090384,
        "relative_strength": 5.575712,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 1.790025,
        "energy": 20.06875,
        "activity_lines": [
          174.857999,
          167.25509,
          169.35,
          172.757312
        ]
      },
      {
        "date": "2023-11-10",
        "close": 199.5,
        "volume": 24762,
        "typical_volume": 14466.15,
        "trend": 174.941668,
        "fair_value": 635.065576,
        "relative_strength": 12.366876,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 44.509868,
        "energy": 45.932777,
        "activity_lines": [
          184.605999,
          173.515635,
          171.544095,
          174.346022
        ]
      },
      {
        "date": "2023-11-17",
        "close": 215.580002,
        "volume": 418,
        "typical_volume": 14442.4,
        "trend": 176.127668,
        "fair_value": 630.825704,
        "relative_strength": 18.331045,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 62.973961,
        "energy": 80.147797,
        "activity_lines": [
          197.080666,
          182.318,
          175.211381,
          176.96785
        ]
      },
      {
        "date": "2023-11-24",
        "close": 206.0,
        "volume": 67,
        "typical_volume": 14423.25,
        "trend": 177.861001,
        "fair_value": 626.291538,
        "relative_strength": 12.518721,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 64.353271,
        "energy": 81.95587,
        "activity_lines": [
          202.463333,
          188.511091,
          177.915904,
          178.895097
        ]
      },
      {
        "date": "2023-12-01",
        "close": 244.720001,
        "volume": 2101,
        "typical_volume": 14287.6,
        "trend": 181.119001,
        "fair_value": 621.738461,
        "relative_strength": 30.859193,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 94.943334,
        "energy": 97.549056,
        "activity_lines": [
          218.752667,
          200.817636,
          184.297809,
          183.208581
        ]
      },
      {
        "date": "2023-12-08",
        "close": 264.0,
        "volume": 609,
        "typical_volume": 14264.1,
        "trend": 184.919001,
        "fair_value": 616.73205,
        "relative_strength": 39.106871,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 97.006466,
        "energy": 98.693847,
        "activity_lines": [
          236.502667,
          214.898364,
          192.400666,
          188.555742
        ]
      },
      {
        "date": "2023-12-15",
        "close": 288.839996,
        "volume": 1337,
        "typical_volume": 12288.0,
        "trend": 188.810334,
        "fair_value": 611.85282,
        "relative_strength": 43.597542,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 97.417433,
        "energy": 98.943427,
        "activity_lines": [
          257.462666,
          231.39509,
          202.650142,
          195.260323
        ]
      },
      {
        "date": "2023-12-22",
        "close": 293.0,
        "volume": 10466,
        "typical_volume": 10760.05,
        "trend": 192.603334,
        "fair_value": 607.04032,
        "relative_strength": 43.701027,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 91.37562,
        "energy": 96.909123,
        "activity_lines": [
          273.853332,
          246.305636,
          212.767047,
          201.982236
        ]
      },
      {
        "date": "2023-12-29",
        "close": 289.600006,
        "volume": 1111,
        "typical_volume": 9680.3,
        "trend": 196.149334,
        "fair_value": 602.206025,
        "relative_strength": 40.683194,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.58668,
        "energy": 92.059075,
        "activity_lines": [
          283.949335,
          258.127091,
          222.043809,
          208.240086
        ]
      },
      {
        "date": "2024-01-05",
        "close": 276.480011,
        "volume": 213,
        "typical_volume": 9674.75,
        "trend": 199.565335,
        "fair_value": 597.287627,
        "relative_strength": 36.083071,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.53716,
        "energy": 86.304232,
        "activity_lines": [
          284.098671,
          265.497639,
          229.506287,
          213.422711
        ]
      },
      {
        "date": "2024-01-12",
        "close": 279.299988,
        "volume": 1103,
        "typical_volume": 9727.8,
        "trend": 202.875334,
        "fair_value": 592.387307,
        "relative_strength": 37.612431,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.777901,
        "energy": 67.296393,
        "activity_lines": [
          283.070667,
          271.449091,
          236.661571,
          218.566882
        ]
      },
      {
        "date": "2024-01-19",
        "close": 278.0,
        "volume": 49,
        "typical_volume": 9667.6,
        "trend": 205.899667,
        "fair_value": 587.478653,
        "relative_strength": 36.237356,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.493608,
        "energy": 64.578649,
        "activity_lines": [
          280.589333,
          275.503273,
          243.101143,
          223.413634
        ]
      },
      {
        "date": "2024-01-26",
        "close": 280.0,
        "volume": 1336,
        "typical_volume": 9673.0,
        "trend": 208.399667,
        "fair_value": 582.58282,
        "relative_strength": 33.008624,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.891547,
        "energy": 61.793666,
        "activity_lines": [
          279.497333,
          278.493818,
          249.257381,
          228.194301
        ]
      },
      {
        "date": "2024-02-02",
        "close": 289.0,
        "volume": 516,
        "typical_volume": 8963.3,
        "trend": 211.238,
        "fair_value": 577.744679,
        "relative_strength": 33.388168,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.980149,
        "energy": 64.520253,
        "activity_lines": [
          282.271999,
          281.949455,
          255.73681,
          233.394323
        ]
      },
      {
        "date": "2024-02-09",
        "close": 190.050003,
        "volume": 93066,
        "typical_volume": 13306.4,
        "trend": 210.222334,
        "fair_value": 572.272243,
        "relative_strength": -10.703922,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "up",
        "direction": 10.888721,
        "energy": 17.824264,
        "activity_lines": [
          252.103334,
          265.905091,
          252.154524,
          232.027355
        ]
      },
      {
        "date": "2024-02-16",
        "close": 191.0,
        "volume": 81613,
        "typical_volume": 17243.8,
        "trend": 209.322667,
        "fair_value": 566.805897,
        "relative_strength": -9.853638,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "up",
        "direction": -5.547372,
        "energy": 25.977089,
        "activity_lines": [
          228.013334,
          251.027455,
          248.469619,
          230.787204
        ]
      },
      {
        "date": "2024-02-23",
        "close": 185.139999,
        "volume": 16591,
        "typical_volume": 18045.15,
        "trend": 209.567333,
        "fair_value": 561.301986,
        "relative_strength": -11.778253,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -39.619517,
        "energy": 48.847904,
        "activity_lines": [
          207.856667,
          236.411637,
          244.024143,
          229.227032
        ]
      },
      {
        "date": "2024-03-01",
        "close": 189.949997,
        "volume": 1236,
        "typical_volume": 18096.75,
        "trend": 209.746666,
        "fair_value": 555.828909,
        "relative_strength": -7.657981,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -32.498713,
        "energy": 53.024364,
        "activity_lines": [
          195.493999,
          224.555818,
          239.917048,
          227.961398
        ]
      },
      {
        "date": "2024-03-08",
        "close": 209.0,
        "volume": 27227,
        "typical_volume": 18937.8,
        "trend": 211.013333,
        "fair_value": 549.444294,
        "relative_strength": 2.619779,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -27.609646,
        "energy": 64.165468,
        "activity_lines": [
          195.484666,
          218.037272,
          237.467809,
          227.913226
        ]
      },
      {
        "date": "2024-03-15",
        "close": 192.0,
        "volume": 35297,
        "typical_volume": 18770.9,
        "trend": 212.227666,
        "fair_value": 543.046858,
        "relative_strength": -7.657133,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.295326,
        "energy": 67.150253,
        "activity_lines": [
          195.141999,
          209.893272,
          233.242381,
          226.686559
        ]
      },
      {
        "date": "2024-03-22",
        "close": 189.759995,
        "volume": 17177,
        "typical_volume": 15814.75,
        "trend": 213.386333,
        "fair_value": 537.419743,
        "relative_strength": -9.026802,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.56891,
        "energy": 53.562261,
        "activity_lines": [
          193.922665,
          202.877999,
          228.699952,
          225.237032
        ]
      },
      {
        "date": "2024-03-29",
        "close": 192.600006,
        "volume": 12045,
        "typical_volume": 15178.9,
        "trend": 213.856333,
        "fair_value": 531.821025,
        "relative_strength": -8.732676,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -28.490165,
        "energy": 38.248666,
        "activity_lines": [
          193.732667,
          198.007091,
          224.419381,
          223.895978
        ]
      },
      {
        "date": "2024-04-05",
        "close": 180.029999,
        "volume": 3107,
        "typical_volume": 15313.35,
        "trend": 214.261666,
        "fair_value": 524.836474,
        "relative_strength": -15.5477,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -47.669592,
        "energy": 48.539222,
        "activity_lines": [
          188.855334,
          192.403454,
          218.974524,
          221.713634
        ]
      },
      {
        "date": "2024-04-12",
        "close": 182.0,
        "volume": 1029,
        "typical_volume": 15361.45,
        "trend": 215.160333,
        "fair_value": 518.272371,
        "relative_strength": -12.131203,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -42.175008,
        "energy": 53.654778,
        "activity_lines": [
          185.296,
          188.975636,
          213.886571,
          219.632237
        ]
      },
      {
        "date": "2024-04-19",
        "close": 192.279999,
        "volume": 38021,
        "typical_volume": 17157.45,
        "trend": 216.586333,
        "fair_value": 512.232371,
        "relative_strength": -6.058649,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -36.171654,
        "energy": 42.122679,
        "activity_lines": [
          186.963333,
          189.362363,
          209.891952,
          218.156086
        ]
      },
      {
        "date": "2024-04-26",
        "close": 250.949997,
        "volume": 43366,
        "typical_volume": 19295.3,
        "trend": 220.002,
        "fair_value": 505.817371,
        "relative_strength": 17.47424,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": 11.413214,
        "energy": 11.492179,
        "activity_lines": [
          208.168666,
          200.375817,
          211.734666,
          220.373096
        ]
      },
      {
        "date": "2024-05-03",
        "close": 276.0,
        "volume": 6934,
        "typical_volume": 19575.15,
        "trend": 223.868667,
        "fair_value": 500.782307,
        "relative_strength": 29.329137,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": 35.243134,
        "energy": 34.85203,
        "activity_lines": [
          233.644666,
          214.853818,
          216.025238,
          223.985871
        ]
      },
      {
        "date": "2024-05-10",
        "close": 268.0,
        "volume": 1292,
        "typical_volume": 19116.45,
        "trend": 227.565333,
        "fair_value": 495.742372,
        "relative_strength": 23.099774,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 41.765424,
        "energy": 52.437213,
        "activity_lines": [
          250.893999,
          226.225272,
          219.615047,
          226.833053
        ]
      },
      {
        "date": "2024-05-17",
        "close": 265.01001,
        "volume": 886,
        "typical_volume": 19105.2,
        "trend": 230.532333,
        "fair_value": 490.168013,
        "relative_strength": 21.12701,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 33.286127,
        "energy": 68.784695,
        "activity_lines": [
          261.282003,
          235.634001,
          223.039143,
          229.248839
        ]
      },
      {
        "date": "2024-05-24",
        "close": 255.899994,
        "volume": 1000,
        "typical_volume": 19144.55,
        "trend": 233.388,
        "fair_value": 483.912821,
        "relative_strength": 20.748315,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 29.646802,
        "energy": 70.374817,
        "activity_lines": [
          263.099334,
          242.368,
          225.712714,
          230.885462
        ]
      },
      {
        "date": "2024-05-31",
        "close": 251.110001,
        "volume": 777,
        "typical_volume": 19128.25,
        "trend": 235.493333,
        "fair_value": 477.501603,
        "relative_strength": 18.330528,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 27.905171,
        "energy": 63.074244,
        "activity_lines": [
          259.078667,
          247.069273,
          228.028095,
          232.028817
        ]
      },
      {
        "date": "2024-06-07",
        "close": 285.0,
        "volume": 819,
        "typical_volume": 19166.75,
        "trend": 238.343333,
        "fair_value": 471.419424,
        "relative_strength": 38.368816,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 46.419707,
        "energy": 49.431833,
        "activity_lines": [
          266.344,
          256.816909,
          233.705333,
          235.222796
        ]
      },
      {
        "date": "2024-06-14",
        "close": 280.01001,
        "volume": 252,
        "typical_volume": 19112.55,
        "trend": 240.491,
        "fair_value": 465.057116,
        "relative_strength": 36.505738,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 46.319817,
        "energy": 48.906824,
        "activity_lines": [
          271.346003,
          263.977275,
          238.874001,
          237.910968
        ]
      },
      {
        "date": "2024-06-21",
        "close": 282.0,
        "volume": 197,
        "typical_volume": 19096.6,
        "trend": 243.024334,
        "fair_value": 458.17077,
        "relative_strength": 34.794421,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 43.333158,
        "energy": 49.006147,
        "activity_lines": [
          276.210669,
          269.681638,
          244.232144,
          240.588968
        ]
      },
      {
        "date": "2024-06-28",
        "close": 308.600006,
        "volume": 406,
        "typical_volume": 14463.6,
        "trend": 245.153667,
        "fair_value": 451.458655,
        "relative_strength": 47.023306,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 56.06124,
        "energy": 70.575332,
        "activity_lines": [
          288.809337,
          278.404185,
          252.156954,
          244.819657
        ]
      },
      {
        "date": "2024-07-05",
        "close": 288.459991,
        "volume": 511,
        "typical_volume": 10408.5,
        "trend": 245.969,
        "fair_value": 445.361411,
        "relative_strength": 36.573446,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 64.106155,
        "energy": 66.959024,
        "activity_lines": [
          291.181333,
          281.350001,
          257.599143,
          247.613613
        ]
      },
      {
        "date": "2024-07-12",
        "close": 286.559998,
        "volume": 1152,
        "typical_volume": 9636.55,
        "trend": 245.893,
        "fair_value": 439.464745,
        "relative_strength": 28.52356,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.895807,
        "energy": 54.412063,
        "activity_lines": [
          290.429999,
          283.268364,
          262.396286,
          250.232387
        ]
      },
      {
        "date": "2024-07-19",
        "close": 261.480011,
        "volume": 16242,
        "typical_volume": 10386.85,
        "trend": 244.842334,
        "fair_value": 432.99468,
        "relative_strength": 19.599455,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.665568,
        "energy": 43.317635,
        "activity_lines": [
          281.214669,
          280.434729,
          264.321906,
          251.238001
        ]
      },
      {
        "date": "2024-07-26",
        "close": 245.529999,
        "volume": 20485,
        "typical_volume": 10049.75,
        "trend": 243.373334,
        "fair_value": 425.042949,
        "relative_strength": 13.374148,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 30.384187,
        "energy": 22.19133,
        "activity_lines": [
          267.918001,
          274.819638,
          264.387858,
          251.282366
        ]
      },
      {
        "date": "2024-08-02",
        "close": 180.360001,
        "volume": 8338,
        "typical_volume": 8701.8,
        "trend": 240.169333,
        "fair_value": 416.362436,
        "relative_strength": -15.811512,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "mixed",
        "direction": -43.456214,
        "energy": 42.574718,
        "activity_lines": [
          235.329335,
          257.709638,
          258.073192,
          247.21699
        ]
      },
      {
        "date": "2024-08-09",
        "close": 168.279999,
        "volume": 20382,
        "typical_volume": 8862.05,
        "trend": 236.468667,
        "fair_value": 407.845193,
        "relative_strength": -22.633871,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "mixed",
        "direction": -53.32882,
        "energy": 66.35116,
        "activity_lines": [
          207.263334,
          239.776728,
          250.663477,
          242.578969
        ]
      },
      {
        "date": "2024-08-16",
        "close": 170.940002,
        "volume": 19269,
        "typical_volume": 9223.25,
        "trend": 232.900001,
        "fair_value": 399.458719,
        "relative_strength": -22.996167,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -45.999795,
        "energy": 80.272072,
        "activity_lines": [
          188.096001,
          223.833456,
          243.609382,
          238.351313
        ]
      },
      {
        "date": "2024-08-23",
        "close": 180.929993,
        "volume": 2973,
        "typical_volume": 9216.55,
        "trend": 229.597667,
        "fair_value": 391.27609,
        "relative_strength": -17.773078,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -30.875952,
        "energy": 75.39716,
        "activity_lines": [
          179.966665,
          211.780363,
          237.609858,
          234.998409
        ]
      },
      {
        "date": "2024-08-30",
        "close": 181.009995,
        "volume": 1913,
        "typical_volume": 9260.75,
        "trend": 225.998,
        "fair_value": 382.788975,
        "relative_strength": -16.863173,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -39.734865,
        "energy": 78.05704,
        "activity_lines": [
          177.233997,
          201.543271,
          231.613667,
          231.86372
        ]
      },
      {
        "date": "2024-09-06",
        "close": 170.940002,
        "volume": 11134,
        "typical_volume": 7916.4,
        "trend": 225.361,
        "fair_value": 374.10577,
        "relative_strength": -18.732209,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -44.561757,
        "energy": 77.007305,
        "activity_lines": [
          175.445998,
          191.311454,
          224.663143,
          228.311592
        ]
      },
      {
        "date": "2024-09-13",
        "close": 182.570007,
        "volume": 28728,
        "typical_volume": 7184.5,
        "trend": 225.08,
        "fair_value": 365.724808,
        "relative_strength": -14.9555,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -36.880636,
        "energy": 53.615507,
        "activity_lines": [
          178.162668,
          185.697091,
          218.921858,
          225.550882
        ]
      },
      {
        "date": "2024-09-20",
        "close": 194.5,
        "volume": 39053,
        "typical_volume": 8790.45,
        "trend": 225.392,
        "fair_value": 356.781731,
        "relative_strength": -10.049182,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -60.386895,
        "energy": 54.401304,
        "activity_lines": [
          183.903334,
          184.177091,
          214.642382,
          223.577979
        ]
      },
      {
        "date": "2024-09-27",
        "close": 213.570007,
        "volume": 8962,
        "typical_volume": 9173.95,
        "trend": 226.179334,
        "fair_value": 348.496924,
        "relative_strength": -2.838387,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -45.483323,
        "energy": 39.400966,
        "activity_lines": [
          194.430004,
          187.798183,
          212.567192,
          222.81527
        ]
      },
      {
        "date": "2024-10-04",
        "close": 207.399994,
        "volume": 739,
        "typical_volume": 9166.6,
        "trend": 226.126001,
        "fair_value": 339.839231,
        "relative_strength": -5.657503,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -39.71571,
        "energy": 29.074425,
        "activity_lines": [
          200.724001,
          191.168546,
          210.163572,
          221.6037
        ]
      },
      {
        "date": "2024-10-11",
        "close": 215.0,
        "volume": 1615,
        "typical_volume": 9197.35,
        "trend": 226.892667,
        "fair_value": 331.090705,
        "relative_strength": -2.215442,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -33.357132,
        "energy": 32.165222,
        "activity_lines": [
          207.792,
          196.614,
          208.758096,
          220.885893
        ]
      },
      {
        "date": "2024-10-18",
        "close": 209.389999,
        "volume": 5354,
        "typical_volume": 9426.2,
        "trend": 227.547001,
        "fair_value": 325.283334,
        "relative_strength": -6.032013,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -28.638124,
        "energy": 31.49657,
        "activity_lines": [
          210.052666,
          200.409636,
          207.013095,
          219.756689
        ]
      },
      {
        "date": "2024-10-25",
        "close": 208.0,
        "volume": 6309,
        "typical_volume": 9700.7,
        "trend": 228.060334,
        "fair_value": 319.700001,
        "relative_strength": -4.651001,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -28.301097,
        "energy": 25.761955,
        "activity_lines": [
          210.061999,
          203.205091,
          205.334381,
          218.495592
        ]
      },
      {
        "date": "2024-11-01",
        "close": 257.899994,
        "volume": 88037,
        "typical_volume": 14089.95,
        "trend": 230.656,
        "fair_value": 314.437308,
        "relative_strength": 20.153651,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "down",
        "direction": 25.43827,
        "energy": 35.915983,
        "activity_lines": [
          225.804664,
          214.399454,
          208.774714,
          220.420731
        ]
      },
      {
        "date": "2024-11-08",
        "close": 247.0,
        "volume": 2326,
        "typical_volume": 14196.4,
        "trend": 232.822667,
        "fair_value": 308.930898,
        "relative_strength": 11.918646,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 38.783816,
        "energy": 55.006712,
        "activity_lines": [
          234.958665,
          222.212545,
          211.282238,
          221.475183
        ]
      },
      {
        "date": "2024-11-15",
        "close": 222.0,
        "volume": 4517,
        "typical_volume": 14401.95,
        "trend": 233.813334,
        "fair_value": 303.571924,
        "relative_strength": 3.189866,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "down",
        "direction": 3.170707,
        "energy": 34.297524,
        "activity_lines": [
          233.139332,
          224.280363,
          211.575476,
          220.776946
        ]
      },
      {
        "date": "2024-11-22",
        "close": 233.880005,
        "volume": 6500,
        "typical_volume": 14701.4,
        "trend": 233.244334,
        "fair_value": 298.160834,
        "relative_strength": 8.431689,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 21.982548,
        "energy": 46.129952,
        "activity_lines": [
          234.813334,
          227.579818,
          213.412524,
          220.781248
        ]
      },
      {
        "date": "2024-11-29",
        "close": 238.0,
        "volume": 6230,
        "typical_volume": 14955.3,
        "trend": 231.977667,
        "fair_value": 293.205706,
        "relative_strength": 11.590089,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 22.749082,
        "energy": 29.481741,
        "activity_lines": [
          236.228001,
          230.695455,
          215.901857,
          221.088065
        ]
      },
      {
        "date": "2024-12-06",
        "close": 253.0,
        "volume": 18588,
        "typical_volume": 15072.6,
        "trend": 231.477667,
        "fair_value": 288.070449,
        "relative_strength": 15.036341,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 34.799457,
        "energy": 31.141483,
        "activity_lines": [
          240.642668,
          235.747455,
          220.051,
          222.444344
        ]
      },
      {
        "date": "2024-12-13",
        "close": 229.160004,
        "volume": 2561,
        "typical_volume": 14176.4,
        "trend": 230.282667,
        "fair_value": 283.635578,
        "relative_strength": 3.937311,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 18.355469,
        "energy": 22.170887,
        "activity_lines": [
          237.437335,
          235.748001,
          221.970048,
          222.294818
        ]
      },
      {
        "date": "2024-12-20",
        "close": 234.0,
        "volume": 77613,
        "typical_volume": 17640.15,
        "trend": 229.552667,
        "fair_value": 278.635642,
        "relative_strength": 10.680977,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 24.694298,
        "energy": 22.549661,
        "activity_lines": [
          237.034668,
          236.23291,
          224.428,
          222.534646
        ]
      },
      {
        "date": "2024-12-27",
        "close": 224.740005,
        "volume": 85,
        "typical_volume": 16625.3,
        "trend": 228.673667,
        "fair_value": 273.695642,
        "relative_strength": 7.174028,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 12.284309,
        "energy": 13.800306,
        "activity_lines": [
          232.745336,
          234.688729,
          225.74862,
          222.224151
        ]
      },
      {
        "date": "2025-01-03",
        "close": 245.0,
        "volume": 10358,
        "typical_volume": 16179.75,
        "trend": 227.340334,
        "fair_value": 269.860962,
        "relative_strength": 17.586391,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 21.844565,
        "energy": 15.045017,
        "activity_lines": [
          235.818669,
          236.549092,
          228.729906,
          223.277463
        ]
      },
      {
        "date": "2025-01-10",
        "close": 258.589996,
        "volume": 15011,
        "typical_volume": 16781.65,
        "trend": 226.626334,
        "fair_value": 266.569872,
        "relative_strength": 22.40297,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 40.708612,
        "energy": 31.566521,
        "activity_lines": [
          242.955333,
          240.207637,
          232.65281,
          225.29357
        ]
      },
      {
        "date": "2025-01-17",
        "close": 226.0,
        "volume": 19656,
        "typical_volume": 17668.8,
        "trend": 224.759667,
        "fair_value": 263.800642,
        "relative_strength": 6.473866,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 47.385366,
        "energy": 26.302586,
        "activity_lines": [
          238.856,
          237.928182,
          233.102096,
          225.253162
        ]
      },
      {
        "date": "2025-01-24",
        "close": 218.350006,
        "volume": 43818,
        "typical_volume": 19303.0,
        "trend": 221.751334,
        "fair_value": 261.206731,
        "relative_strength": 0.338267,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 26.807741,
        "energy": 15.798821,
        "activity_lines": [
          232.417335,
          234.639638,
          232.608572,
          224.839635
        ]
      },
      {
        "date": "2025-01-31",
        "close": 238.0,
        "volume": 44912,
        "typical_volume": 20112.2,
        "trend": 220.069334,
        "fair_value": 257.546475,
        "relative_strength": 9.841048,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 37.148636,
        "energy": 17.941917,
        "activity_lines": [
          233.572001,
          234.990183,
          233.760715,
          225.887936
        ]
      },
      {
        "date": "2025-02-07",
        "close": 221.0,
        "volume": 74596,
        "typical_volume": 21889.35,
        "trend": 217.884001,
        "fair_value": 253.770834,
        "relative_strength": -1.499395,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 11.100619,
        "energy": 13.894898,
        "activity_lines": [
          228.176001,
          232.17491,
          233.029858,
          225.947979
        ]
      },
      {
        "date": "2025-02-14",
        "close": 222.0,
        "volume": 63827,
        "typical_volume": 24632.6,
        "trend": 216.568,
        "fair_value": 250.193911,
        "relative_strength": -3.691718,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 7.835448,
        "energy": 14.039367,
        "activity_lines": [
          224.713334,
          229.850546,
          232.268048,
          226.213527
        ]
      },
      {
        "date": "2025-02-21",
        "close": 211.5,
        "volume": 2772,
        "typical_volume": 24734.25,
        "trend": 215.433667,
        "fair_value": 246.453526,
        "relative_strength": -7.945191,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": -4.884653,
        "energy": 19.89483,
        "activity_lines": [
          220.19,
          226.180728,
          230.466096,
          225.88656
        ]
      },
      {
        "date": "2025-02-28",
        "close": 207.229996,
        "volume": 101,
        "typical_volume": 24658.55,
        "trend": 216.329333,
        "fair_value": 243.070385,
        "relative_strength": -7.592503,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -28.249721,
        "energy": 39.194842,
        "activity_lines": [
          215.209999,
          222.055636,
          228.237953,
          225.357291
        ]
      },
      {
        "date": "2025-03-07",
        "close": 194.0,
        "volume": 108,
        "typical_volume": 24396.25,
        "trend": 217.186667,
        "fair_value": 240.249872,
        "relative_strength": -14.282203,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -38.494121,
        "energy": 56.650131,
        "activity_lines": [
          206.561332,
          216.011818,
          224.78681,
          223.916688
        ]
      },
      {
        "date": "2025-03-14",
        "close": 169.240005,
        "volume": 418,
        "typical_volume": 24101.7,
        "trend": 217.13,
        "fair_value": 236.69968,
        "relative_strength": -24.651683,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -63.119818,
        "energy": 76.767049,
        "activity_lines": [
          192.592668,
          206.025091,
          219.050858,
          220.823355
        ]
      },
      {
        "date": "2025-03-21",
        "close": 186.220001,
        "volume": 76561,
        "typical_volume": 23527.9,
        "trend": 217.306334,
        "fair_value": 233.392565,
        "relative_strength": -17.456091,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -42.450844,
        "energy": 71.526395,
        "activity_lines": [
          187.734668,
          200.503092,
          215.11662,
          218.829162
        ]
      },
      {
        "date": "2025-03-28",
        "close": 180.0,
        "volume": 80,
        "typical_volume": 23415.6,
        "trend": 217.272667,
        "fair_value": 229.796411,
        "relative_strength": -20.97417,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -71.875535,
        "energy": 82.775791,
        "activity_lines": [
          183.188668,
          195.166001,
          210.931334,
          216.422302
        ]
      },
      {
        "date": "2025-04-04",
        "close": 162.0,
        "volume": 3237,
        "typical_volume": 23351.6,
        "trend": 216.974667,
        "fair_value": 226.213077,
        "relative_strength": -26.515192,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -83.18995,
        "energy": 89.032857,
        "activity_lines": [
          174.742668,
          187.392546,
          205.35081,
          212.856323
        ]
      },
      {
        "date": "2025-04-11",
        "close": 153.0,
        "volume": 3311,
        "typical_volume": 23192.15,
        "trend": 215.989,
        "fair_value": 222.826539,
        "relative_strength": -30.583083,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -84.208476,
        "energy": 90.255672,
        "activity_lines": [
          166.312,
          179.007273,
          199.198858,
          208.728925
        ]
      },
      {
        "date": "2025-04-18",
        "close": 153.0,
        "volume": 434,
        "typical_volume": 22902.35,
        "trend": 214.605667,
        "fair_value": 220.041347,
        "relative_strength": -32.403839,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -79.751131,
        "energy": 90.61847,
        "activity_lines": [
          160.614667,
          172.167455,
          193.432048,
          204.665119
        ]
      },
      {
        "date": "2025-04-25",
        "close": 168.0,
        "volume": 653,
        "typical_volume": 22005.6,
        "trend": 213.086667,
        "fair_value": 217.355449,
        "relative_strength": -30.187456,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.358021,
        "energy": 84.058305,
        "activity_lines": [
          161.0,
          169.291273,
          189.498572,
          201.658302
        ]
      },
      {
        "date": "2025-05-02",
        "close": 165.149994,
        "volume": 30673,
        "typical_volume": 23411.2,
        "trend": 211.678334,
        "fair_value": 215.202501,
        "relative_strength": -29.658371,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.8781,
        "energy": 67.229464,
        "activity_lines": [
          161.649998,
          166.878726,
          185.698428,
          198.565613
        ]
      },
      {
        "date": "2025-05-09",
        "close": 160.550003,
        "volume": 5429,
        "typical_volume": 19802.0,
        "trend": 209.863334,
        "fair_value": 213.218847,
        "relative_strength": -31.950185,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.434208,
        "energy": 59.393505,
        "activity_lines": [
          161.756666,
          164.472545,
          181.765,
          195.267011
        ]
      },
      {
        "date": "2025-05-16",
        "close": 170.720001,
        "volume": 22655,
        "typical_volume": 20930.5,
        "trend": 208.574334,
        "fair_value": 211.236283,
        "relative_strength": -28.887962,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -49.638671,
        "energy": 43.950283,
        "activity_lines": [
          165.35,
          164.764182,
          179.149905,
          192.741635
        ]
      },
      {
        "date": "2025-05-23",
        "close": 159.479996,
        "volume": 11180,
        "typical_volume": 20971.6,
        "trend": 206.957,
        "fair_value": 210.303462,
        "relative_strength": -33.467854,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.858207,
        "energy": 44.731851,
        "activity_lines": [
          164.015332,
          163.435454,
          175.721571,
          189.574258
        ]
      },
      {
        "date": "2025-05-30",
        "close": 159.320007,
        "volume": 1325,
        "typical_volume": 20287.3,
        "trend": 203.671001,
        "fair_value": 209.529872,
        "relative_strength": -32.311325,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.272049,
        "energy": 46.895946,
        "activity_lines": [
          162.195335,
          162.255091,
          172.685238,
          186.500904
        ]
      },
      {
        "date": "2025-06-06",
        "close": 158.009995,
        "volume": 3613,
        "typical_volume": 19485.15,
        "trend": 200.704667,
        "fair_value": 208.844039,
        "relative_strength": -32.271097,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.654859,
        "energy": 46.279344,
        "activity_lines": [
          160.517333,
          161.325636,
          169.996857,
          183.555032
        ]
      },
      {
        "date": "2025-06-13",
        "close": 151.0,
        "volume": 9903,
        "typical_volume": 17789.4,
        "trend": 198.338,
        "fair_value": 208.190129,
        "relative_strength": -33.706896,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.970003,
        "energy": 53.483882,
        "activity_lines": [
          156.978666,
          159.521454,
          166.964619,
          180.34828
        ]
      },
      {
        "date": "2025-06-20",
        "close": 157.0,
        "volume": 709,
        "typical_volume": 15579.25,
        "trend": 195.775334,
        "fair_value": 207.337693,
        "relative_strength": -28.753039,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.42248,
        "energy": 49.496051,
        "activity_lines": [
          156.076666,
          159.008182,
          164.824524,
          177.681312
        ]
      },
      {
        "date": "2025-06-27",
        "close": 163.789993,
        "volume": 12308,
        "typical_volume": 12464.85,
        "trend": 193.301667,
        "fair_value": 206.688847,
        "relative_strength": -26.030233,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.383087,
        "energy": 42.495251,
        "activity_lines": [
          158.352664,
          159.656726,
          163.716809,
          175.617741
        ]
      },
      {
        "date": "2025-07-04",
        "close": 172.330002,
        "volume": 53469,
        "typical_volume": 11946.95,
        "trend": 190.612667,
        "fair_value": 205.864039,
        "relative_strength": -21.97269,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.57089,
        "energy": 28.831272,
        "activity_lines": [
          163.187998,
          161.661817,
          163.694857,
          174.264731
        ]
      },
      {
        "date": "2025-07-11",
        "close": 172.0,
        "volume": 3331,
        "typical_volume": 11974.9,
        "trend": 188.707333,
        "fair_value": 205.171667,
        "relative_strength": -19.331534,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.901142,
        "energy": 20.068191,
        "activity_lines": [
          167.045999,
          163.528181,
          163.877999,
          173.063914
        ]
      },
      {
        "date": "2025-07-18",
        "close": 183.149994,
        "volume": 18333,
        "typical_volume": 12886.5,
        "trend": 187.012333,
        "fair_value": 205.028013,
        "relative_strength": -12.894636,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 4.363259,
        "energy": 17.88528,
        "activity_lines": [
          173.687997,
          167.297271,
          165.311142,
          172.705376
        ]
      },
      {
        "date": "2025-07-25",
        "close": 181.0,
        "volume": 456,
        "typical_volume": 12903.9,
        "trend": 185.554333,
        "fair_value": 204.890513,
        "relative_strength": -14.840021,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 3.706796,
        "energy": 23.145134,
        "activity_lines": [
          177.469998,
          170.264544,
          166.654189,
          172.317483
        ]
      },
      {
        "date": "2025-08-01",
        "close": 170.0,
        "volume": 508,
        "typical_volume": 12908.4,
        "trend": 183.054333,
        "fair_value": 204.650193,
        "relative_strength": -19.226107,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -2.960592,
        "energy": 20.618408,
        "activity_lines": [
          175.985332,
          171.044908,
          167.011523,
          171.313978
        ]
      },
      {
        "date": "2025-08-08",
        "close": 138.929993,
        "volume": 27671,
        "typical_volume": 10463.9,
        "trend": 179.065666,
        "fair_value": 204.066411,
        "relative_strength": -35.055618,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -55.634454,
        "energy": 25.067995,
        "activity_lines": [
          163.729997,
          165.984907,
          164.406189,
          168.467246
        ]
      },
      {
        "date": "2025-08-15",
        "close": 134.0,
        "volume": 21863,
        "typical_volume": 11553.05,
        "trend": 175.999,
        "fair_value": 203.431539,
        "relative_strength": -37.346784,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -77.520237,
        "energy": 68.725401,
        "activity_lines": [
          152.057998,
          160.399271,
          161.556522,
          165.559784
        ]
      },
      {
        "date": "2025-08-22",
        "close": 133.880005,
        "volume": 15129,
        "typical_volume": 12147.65,
        "trend": 173.183333,
        "fair_value": 202.879488,
        "relative_strength": -37.994613,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.636864,
        "energy": 81.935451,
        "activity_lines": [
          142.879334,
          155.228363,
          158.914475,
          162.842429
        ]
      },
      {
        "date": "2025-08-29",
        "close": 132.990005,
        "volume": 9074,
        "typical_volume": 12435.8,
        "trend": 169.683,
        "fair_value": 202.297821,
        "relative_strength": -37.483717,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.19103,
        "energy": 85.003842,
        "activity_lines": [
          136.688669,
          150.206909,
          156.321571,
          160.249311
        ]
      },
      {
        "date": "2025-09-05",
        "close": 135.699997,
        "volume": 1460,
        "typical_volume": 12487.1,
        "trend": 166.839666,
        "fair_value": 201.552244,
        "relative_strength": -37.713151,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.516541,
        "energy": 82.842823,
        "activity_lines": [
          134.602001,
          146.114727,
          154.082047,
          158.05686
        ]
      },
      {
        "date": "2025-09-12",
        "close": 135.0,
        "volume": 7335,
        "typical_volume": 12821.2,
        "trend": 163.939666,
        "fair_value": 200.911154,
        "relative_strength": -38.925065,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.2467,
        "energy": 80.675947,
        "activity_lines": [
          134.568668,
          142.406,
          151.858238,
          156.002688
        ]
      },
      {
        "date": "2025-09-19",
        "close": 149.5,
        "volume": 25475,
        "typical_volume": 12561.3,
        "trend": 161.873,
        "fair_value": 200.536218,
        "relative_strength": -31.228809,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.872587,
        "energy": 48.336303,
        "activity_lines": [
          139.630667,
          142.012364,
          151.172523,
          155.071096
        ]
      },
      {
        "date": "2025-09-26",
        "close": 152.5,
        "volume": 12253,
        "typical_volume": 12902.5,
        "trend": 160.048666,
        "fair_value": 200.224424,
        "relative_strength": -30.49321,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -43.238535,
        "energy": 30.324622,
        "activity_lines": [
          144.659333,
          142.573273,
          150.847047,
          154.466387
        ]
      },
      {
        "date": "2025-10-03",
        "close": 156.020004,
        "volume": 10022,
        "typical_volume": 12270.85,
        "trend": 158.782666,
        "fair_value": 199.84,
        "relative_strength": -27.958001,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -28.986603,
        "energy": 20.741791,
        "activity_lines": [
          149.620001,
          144.331456,
          150.895143,
          154.206473
        ]
      },
      {
        "date": "2025-10-10",
        "close": 145.0,
        "volume": 12174,
        "typical_volume": 12320.55,
        "trend": 157.974666,
        "fair_value": 199.474616,
        "relative_strength": -30.830964,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -28.280775,
        "energy": 22.21193,
        "activity_lines": [
          149.372001,
          144.540183,
          149.963714,
          153.317269
        ]
      },
      {
        "date": "2025-10-17",
        "close": 141.5,
        "volume": 7599,
        "typical_volume": 12634.25,
        "trend": 156.484,
        "fair_value": 199.399552,
        "relative_strength": -33.169788,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.317192,
        "energy": 21.305065,
        "activity_lines": [
          147.337334,
          144.567092,
          148.767905,
          152.254387
        ]
      },
      {
        "date": "2025-10-24",
        "close": 147.960007,
        "volume": 17732,
        "typical_volume": 13340.2,
        "trend": 155.416,
        "fair_value": 199.075577,
        "relative_strength": -28.797174,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -31.97524,
        "energy": 15.536784,
        "activity_lines": [
          147.02267,
          145.72182,
          148.272191,
          151.704452
        ]
      },
      {
        "date": "2025-10-31",
        "close": 144.5,
        "volume": 5206,
        "typical_volume": 13105.35,
        "trend": 154.832667,
        "fair_value": 198.841603,
        "relative_strength": -31.173428,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.271982,
        "energy": 26.011052,
        "activity_lines": [
          145.657335,
          145.993638,
          147.49481,
          151.000194
        ]
      },
      {
        "date": "2025-11-07",
        "close": 151.5,
        "volume": 67732,
        "typical_volume": 16456.5,
        "trend": 154.782667,
        "fair_value": 198.364039,
        "relative_strength": -27.541462,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -38.980313,
        "energy": 19.803251,
        "activity_lines": [
          147.158668,
          147.345092,
          147.415048,
          150.785183
        ]
      },
      {
        "date": "2025-11-14",
        "close": 159.770004,
        "volume": 31998,
        "typical_volume": 17441.0,
        "trend": 155.008333,
        "fair_value": 197.937052,
        "relative_strength": -21.461679,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 1.918442,
        "energy": 8.667225,
        "activity_lines": [
          151.718002,
          149.863638,
          148.149096,
          151.106947
        ]
      },
      {
        "date": "2025-11-21",
        "close": 142.0,
        "volume": 4004,
        "typical_volume": 14967.75,
        "trend": 154.141667,
        "fair_value": 197.565257,
        "relative_strength": -28.703527,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -28.008754,
        "energy": 13.777346,
        "activity_lines": [
          149.369335,
          148.713638,
          147.209906,
          150.2677
        ]
      },
      {
        "date": "2025-11-28",
        "close": 139.639999,
        "volume": 10916,
        "typical_volume": 15347.0,
        "trend": 153.291333,
        "fair_value": 197.159103,
        "relative_strength": -30.715218,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -42.797853,
        "energy": 18.146928,
        "activity_lines": [
          146.200667,
          147.007274,
          146.190382,
          149.332108
        ]
      },
      {
        "date": "2025-12-05",
        "close": 144.899994,
        "volume": 455,
        "typical_volume": 14453.1,
        "trend": 152.769667,
        "fair_value": 196.847629,
        "relative_strength": -26.682632,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -34.551788,
        "energy": 18.545264,
        "activity_lines": [
          145.339998,
          146.436545,
          145.825905,
          148.790731
        ]
      },
      {
        "date": "2025-12-12",
        "close": 138.699997,
        "volume": 1020,
        "typical_volume": 14481.3,
        "trend": 151.702333,
        "fair_value": 196.653398,
        "relative_strength": -30.278984,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -55.410996,
        "energy": 40.451456,
        "activity_lines": [
          142.385997,
          144.876726,
          145.053095,
          147.883011
        ]
      },
      {
        "date": "2025-12-19",
        "close": 136.100006,
        "volume": 14251,
        "typical_volume": 15168.45,
        "trend": 150.923,
        "fair_value": 196.487372,
        "relative_strength": -29.648597,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -60.460317,
        "energy": 53.356102,
        "activity_lines": [
          139.418667,
          143.159091,
          144.234096,
          146.876409
        ]
      },
      {
        "date": "2025-12-26",
        "close": 140.0,
        "volume": 85467,
        "typical_volume": 18058.25,
        "trend": 150.279,
        "fair_value": 196.295064,
        "relative_strength": -28.367978,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.399207,
        "energy": 48.651743,
        "activity_lines": [
          139.329333,
          142.312364,
          143.947953,
          146.171699
        ]
      },
      {
        "date": "2026-01-02",
        "close": 145.789993,
        "volume": 1954,
        "typical_volume": 17062.8,
        "trend": 149.871666,
        "fair_value": 196.08859,
        "relative_strength": -22.296116,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -51.138655,
        "energy": 38.430808,
        "activity_lines": [
          141.303331,
          142.545635,
          144.208143,
          145.882086
        ]
      },
      {
        "date": "2026-01-09",
        "close": 151.0,
        "volume": 27715,
        "typical_volume": 17692.1,
        "trend": 149.871666,
        "fair_value": 195.944616,
        "relative_strength": -20.326067,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -20.475585,
        "energy": 9.890761,
        "activity_lines": [
          144.603999,
          143.765635,
          144.908381,
          145.954882
        ]
      },
      {
        "date": "2026-01-16",
        "close": 133.0,
        "volume": 3080,
        "typical_volume": 17392.4,
        "trend": 149.071666,
        "fair_value": 195.601795,
        "relative_strength": -29.75271,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.977184,
        "energy": 25.500905,
        "activity_lines": [
          141.497999,
          141.594726,
          143.812809,
          144.866387
        ]
      },
      {
        "date": "2026-01-23",
        "close": 132.880005,
        "volume": 24866,
        "typical_volume": 18562.7,
        "trend": 148.041333,
        "fair_value": 195.139103,
        "relative_strength": -29.798271,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.938362,
        "energy": 30.006837,
        "activity_lines": [
          138.732001,
          139.738364,
          142.705762,
          143.821764
        ]
      },
      {
        "date": "2026-01-30",
        "close": 121.410004,
        "volume": 4872,
        "typical_volume": 18439.55,
        "trend": 146.344,
        "fair_value": 194.529552,
        "relative_strength": -33.988084,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.877984,
        "energy": 62.445995,
        "activity_lines": [
          132.357336,
          136.285455,
          140.519762,
          142.103613
        ]
      },
      {
        "date": "2026-02-06",
        "close": 90.0,
        "volume": 20474,
        "typical_volume": 18189.5,
        "trend": 143.610667,
        "fair_value": 193.843654,
        "relative_strength": -52.302657,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -92.668122,
        "energy": 91.969543,
        "activity_lines": [
          116.752002,
          127.496001,
          135.407048,
          138.468517
        ]
      },
      {
        "date": "2026-02-13",
        "close": 83.0,
        "volume": 8542,
        "typical_volume": 18003.95,
        "trend": 140.272334,
        "fair_value": 193.151347,
        "relative_strength": -55.478388,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -93.418635,
        "energy": 97.208577,
        "activity_lines": [
          102.532668,
          118.336365,
          129.911,
          134.558151
        ]
      },
      {
        "date": "2026-02-20",
        "close": 88.139999,
        "volume": 119165,
        "typical_volume": 23461.1,
        "trend": 137.177,
        "fair_value": 192.529552,
        "relative_strength": -51.731692,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -83.438384,
        "energy": 94.060134,
        "activity_lines": [
          94.560001,
          111.236728,
          125.235429,
          131.194775
        ]
      },
      {
        "date": "2026-02-27",
        "close": 88.0,
        "volume": 1783,
        "typical_volume": 22941.55,
        "trend": 134.443667,
        "fair_value": 191.907757,
        "relative_strength": -50.777376,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.347853,
        "energy": 90.557934,
        "activity_lines": [
          89.531333,
          105.03091,
          120.869762,
          128.022065
        ]
      },
      {
        "date": "2026-03-06",
        "close": 95.919998,
        "volume": 7178,
        "typical_volume": 22920.5,
        "trend": 133.010001,
        "fair_value": 191.294488,
        "relative_strength": -42.086252,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.373473,
        "energy": 88.333105,
        "activity_lines": [
          90.134666,
          101.139636,
          117.52981,
          125.536667
        ]
      },
      {
        "date": "2026-03-13",
        "close": 82.0,
        "volume": 14719,
        "typical_volume": 22769.85,
        "trend": 131.276667,
        "fair_value": 190.518847,
        "relative_strength": -48.439286,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -79.619622,
        "energy": 79.668325,
        "activity_lines": [
          87.797333,
          95.518909,
          113.08119,
          122.245699
        ]
      },
      {
        "date": "2026-03-20",
        "close": 80.0,
        "volume": 269,
        "typical_volume": 22523.0,
        "trend": 129.480667,
        "fair_value": 189.666282,
        "relative_strength": -47.55683,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -78.905254,
        "energy": 70.723706,
        "activity_lines": [
          85.326666,
          90.694364,
          108.75619,
          118.937527
        ]
      },
      {
        "date": "2026-03-27",
        "close": 71.589996,
        "volume": 6353,
        "typical_volume": 19454.05,
        "trend": 127.434,
        "fair_value": 188.853911,
        "relative_strength": -54.005449,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -83.917926,
        "energy": 72.204315,
        "activity_lines": [
          80.252665,
          85.631636,
          103.937381,
          115.202645
        ]
      },
      {
        "date": "2026-04-03",
        "close": 86.5,
        "volume": 1303,
        "typical_volume": 17919.3,
        "trend": 125.794,
        "fair_value": 188.187244,
        "relative_strength": -45.982109,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.746595,
        "energy": 65.054285,
        "activity_lines": [
          81.251999,
          84.396363,
          100.919095,
          112.561742
        ]
      },
      {
        "date": "2026-04-10",
        "close": 82.599998,
        "volume": 6852,
        "typical_volume": 18061.7,
        "trend": 124.047333,
        "fair_value": 187.450705,
        "relative_strength": -47.872696,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.968832,
        "energy": 63.572501,
        "activity_lines": [
          81.051332,
          83.295272,
          97.878285,
          109.775032
        ]
      },
      {
        "date": "2026-04-17",
        "close": 102.120003,
        "volume": 27715,
        "typical_volume": 18901.65,
        "trend": 122.468,
        "fair_value": 186.951475,
        "relative_strength": -34.580478,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.535253,
        "energy": 47.506555,
        "activity_lines": [
          88.245333,
          86.448909,
          96.979381,
          108.360365
        ]
      },
      {
        "date": "2026-04-24",
        "close": 96.599998,
        "volume": 354,
        "typical_volume": 18896.6,
        "trend": 120.604667,
        "fair_value": 186.583526,
        "relative_strength": -36.731881,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.874138,
        "energy": 29.490516,
        "activity_lines": [
          92.257999,
          88.378545,
          95.733428,
          106.691462
        ]
      },
      {
        "date": "2026-05-01",
        "close": 105.699997,
        "volume": 3018,
        "typical_volume": 18996.5,
        "trend": 118.927333,
        "fair_value": 186.318911,
        "relative_strength": -28.497933,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.480486,
        "energy": 29.357914,
        "activity_lines": [
          98.197332,
          91.715453,
          95.584142,
          105.729871
        ]
      },
      {
        "date": "2026-05-08",
        "close": 101.800003,
        "volume": 37980,
        "typical_volume": 20182.95,
        "trend": 117.487333,
        "fair_value": 186.009936,
        "relative_strength": -32.279247,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -24.51799,
        "energy": 32.148272,
        "activity_lines": [
          100.562667,
          94.024,
          95.220571,
          104.624881
        ]
      },
      {
        "date": "2026-05-15",
        "close": 94.449997,
        "volume": 19706,
        "typical_volume": 16894.9,
        "trend": 115.919,
        "fair_value": 185.51218,
        "relative_strength": -34.522166,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -16.875446,
        "energy": 21.585445,
        "activity_lines": [
          99.457999,
          94.745272,
          94.320333,
          103.138602
        ]
      },
      {
        "date": "2026-05-22",
        "close": 99.0,
        "volume": 89,
        "typical_volume": 16801.65,
        "trend": 114.287,
        "fair_value": 184.998013,
        "relative_strength": -30.924132,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -15.655819,
        "energy": 18.681977,
        "activity_lines": [
          99.079999,
          96.320545,
          94.070333,
          102.047053
        ]
      },
      {
        "date": "2026-05-29",
        "close": 101.0,
        "volume": 7267,
        "typical_volume": 15779.25,
        "trend": 112.837,
        "fair_value": 184.470962,
        "relative_strength": -28.954905,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -15.448931,
        "energy": 12.941283,
        "activity_lines": [
          99.576666,
          97.950363,
          94.233619,
          101.189828
        ]
      },
      {
        "date": "2026-06-05",
        "close": 100.809998,
        "volume": 0,
        "typical_volume": 15625.25,
        "trend": 111.147333,
        "fair_value": 184.001795,
        "relative_strength": -25.639751,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -12.141757,
        "energy": 10.21945,
        "activity_lines": [
          99.716666,
          99.163817,
          94.616904,
          100.413892
        ]
      },
      {
        "date": "2026-06-12",
        "close": 90.0,
        "volume": 48,
        "typical_volume": 14384.35,
        "trend": 108.821666,
        "fair_value": 183.424872,
        "relative_strength": -34.584208,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -37.967139,
        "energy": 21.493595,
        "activity_lines": [
          96.579333,
          97.880545,
          94.123952,
          99.049548
        ]
      },
      {
        "date": "2026-06-19",
        "close": 81.0,
        "volume": 17,
        "typical_volume": 14141.6,
        "trend": 106.788333,
        "fair_value": 182.743654,
        "relative_strength": -40.00067,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -59.08294,
        "energy": 37.857988,
        "activity_lines": [
          91.228666,
          94.897272,
          92.978047,
          97.254602
        ]
      },
      {
        "date": "2026-06-26",
        "close": 77.370003,
        "volume": 243270,
        "typical_volume": 25281.4,
        "trend": 104.712666,
        "fair_value": 181.925513,
        "relative_strength": -41.317017,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.503805,
        "energy": 68.891621,
        "activity_lines": [
          85.564667,
          91.283091,
          91.678857,
          95.356645
        ]
      },
      {
        "date": "2026-07-03",
        "close": 82.800003,
        "volume": 0,
        "typical_volume": 24854.3,
        "trend": 102.642667,
        "fair_value": 181.149551,
        "relative_strength": -35.952227,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.28113,
        "energy": 73.568632,
        "activity_lines": [
          83.152668,
          89.106183,
          90.956952,
          93.942925
        ]
      },
      {
        "date": "2026-07-10",
        "close": 81.75,
        "volume": 173,
        "typical_volume": 18904.7,
        "trend": 100.744333,
        "fair_value": 180.26,
        "relative_strength": -35.055205,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.16432,
        "energy": 75.31498,
        "activity_lines": [
          81.604001,
          86.989273,
          90.136,
          92.595011
        ]
      },
      {
        "date": "2026-07-17",
        "close": 79.099998,
        "volume": 8062,
        "typical_volume": 19218.65,
        "trend": 98.844333,
        "fair_value": 179.36968,
        "relative_strength": -35.945284,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.148339,
        "energy": 81.603468,
        "activity_lines": [
          80.442667,
          84.826,
          89.093095,
          91.198602
        ]
      },
      {
        "date": "2026-07-24",
        "close": 76.860001,
        "volume": 6998,
        "typical_volume": 19209.65,
        "trend": 96.739666,
        "fair_value": 178.722628,
        "relative_strength": -36.200005,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.233334,
        "energy": 77.541317,
        "activity_lines": [
          79.261334,
          82.668182,
          87.879238,
          89.780258
        ]
      },
      {
        "date": "2026-07-31",
        "close": 84.870003,
        "volume": 369,
        "typical_volume": 18492.15,
        "trend": 94.709,
        "fair_value": 178.083526,
        "relative_strength": -28.836952,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.924845,
        "energy": 50.244827,
        "activity_lines": [
          81.026001,
          82.286546,
          87.519,
          89.014473
        ]
      },
      {
        "date": "2026-08-07",
        "close": 91.129997,
        "volume": 88322,
        "typical_volume": 22894.8,
        "trend": 92.713333,
        "fair_value": 177.571539,
        "relative_strength": -22.729946,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -34.878682,
        "energy": 27.563195,
        "activity_lines": [
          84.377333,
          83.3,
          87.741286,
          88.78357
        ]
      }
    ],
    "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."
    }
  }
}