{
  "ticker": {
    "uuid": "71f05b25-5fcb-43d1-94bc-3f0c08e10154",
    "symbol": "MFEM",
    "name": "PIMCO EQUITY SERIES RAFI DYNMC MULT FACTR EMRNG MKTS EQT ETF",
    "exchange": "NYSEARCA",
    "country": "US",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "SPY",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 68.414,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 10.77,
    "architecture_energy": 13.861,
    "architecture_maturity": 38.524,
    "architecture_confidence": 91.834,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 56.37,
        "rotation_up": 21.34,
        "upward_expansion": 42.72,
        "deceleration": 81.5,
        "rotation_down": 37.47,
        "downward_expansion": 34.39
      },
      "activity_lines": [
        27.162593,
        27.384429,
        27.673753,
        27.331858
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 27.77,
    "trend_reference": 26.822556,
    "distance_from_trend": 0.035323,
    "trend_direction": "Improving",
    "fair_value": 20.47954,
    "distance_from_fair_value": 0.355988,
    "fair_value_direction": "Weakening",
    "relative_strength": -0.346551,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.081971,
    "excess_performance": -0.043654,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.035323,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.063658,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.355988,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.124366,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.003466,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.122942,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.081971,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.508968,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 50012,
      "relative_activity": 0.518517,
      "balance": 1.508968,
      "dry_up": 0.857147,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.053221,
      "annualized_volatility": 0.273879,
      "from_high_reference": -0.086207,
      "from_low_reference": 0.319805
    },
    "levels": {
      "trend_reference": 26.822556,
      "fair_value_reference": 20.47954,
      "structural_low": 24.065717,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 10,
        "median_return": 0.005745,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.005422,
        "regime_survival": 0.5,
        "best_return": 0.120976,
        "worst_return": -0.049972,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.008035,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.032939,
        "regime_survival": 0.0,
        "best_return": 0.123104,
        "worst_return": 0.000352,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.052305,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.073123,
        "regime_survival": 0.25,
        "best_return": 0.081516,
        "worst_return": -0.014802,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.025708,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.127238,
        "regime_survival": 0.0,
        "best_return": 0.107209,
        "worst_return": -0.21639,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-04-26",
        "end": "2024-05-03",
        "tenure": "New",
        "return": 0.031967,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-10",
        "end": "2024-08-30",
        "tenure": "Established",
        "return": 0.011345,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-06",
        "end": "2024-09-20",
        "tenure": "New",
        "return": 0.03265,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-27",
        "end": "2024-11-15",
        "tenure": "Developing",
        "return": -0.071886,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-22",
        "end": "2025-01-10",
        "tenure": "Developing",
        "return": -0.047552,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-17",
        "end": "2025-03-14",
        "tenure": "Developing",
        "return": 0.031924,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-21",
        "end": "2025-03-28",
        "tenure": "New",
        "return": -0.015736,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-04",
        "end": "2025-05-02",
        "tenure": "Developing",
        "return": 0.092169,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-09",
        "end": "2025-05-16",
        "tenure": "New",
        "return": 0.030677,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-23",
        "end": "2025-05-30",
        "tenure": "New",
        "return": -0.01044,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-06",
        "end": "2026-03-20",
        "tenure": "Extended",
        "return": 0.232155,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-03-27",
        "end": "2026-04-17",
        "tenure": "New",
        "return": 0.129229,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-04-24",
        "end": "2026-07-03",
        "tenure": "Developing",
        "return": 0.003492,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-10",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.001406,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 16.231009,
        "volume": 32859,
        "typical_volume": 63845.1,
        "trend": 16.198404,
        "fair_value": 16.851755,
        "relative_strength": -4.233233,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 34.769429,
        "energy": 27.21338,
        "activity_lines": [
          16.670447,
          16.708379,
          16.532514,
          16.368244
        ]
      },
      {
        "date": "2023-08-25",
        "close": 16.4186,
        "volume": 41614,
        "typical_volume": 64313.75,
        "trend": 16.19095,
        "fair_value": 16.864381,
        "relative_strength": -3.825262,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 31.020602,
        "energy": 22.284565,
        "activity_lines": [
          16.537704,
          16.662279,
          16.537259,
          16.38245
        ]
      },
      {
        "date": "2023-09-01",
        "close": 16.65532,
        "volume": 48549,
        "typical_volume": 58519.9,
        "trend": 16.209303,
        "fair_value": 16.880236,
        "relative_strength": -4.762413,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.941626,
        "energy": 23.772956,
        "activity_lines": [
          16.515968,
          16.664638,
          16.561917,
          16.41241
        ]
      },
      {
        "date": "2023-09-08",
        "close": 16.481487,
        "volume": 27155,
        "typical_volume": 55360.0,
        "trend": 16.230028,
        "fair_value": 16.895775,
        "relative_strength": -4.496221,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 23.992796,
        "energy": 21.591582,
        "activity_lines": [
          16.48899,
          16.627804,
          16.567896,
          16.42997
        ]
      },
      {
        "date": "2023-09-15",
        "close": 16.66202,
        "volume": 48565,
        "typical_volume": 54584.95,
        "trend": 16.255238,
        "fair_value": 16.911061,
        "relative_strength": -3.255914,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.692868,
        "energy": 15.83277,
        "activity_lines": [
          16.551348,
          16.622212,
          16.588599,
          16.45784
        ]
      },
      {
        "date": "2023-09-22",
        "close": 16.468624,
        "volume": 24884,
        "typical_volume": 53013.95,
        "trend": 16.28626,
        "fair_value": 16.928627,
        "relative_strength": -1.445165,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.425718,
        "energy": 10.21994,
        "activity_lines": [
          16.544327,
          16.575488,
          16.587868,
          16.471607
        ]
      },
      {
        "date": "2023-09-29",
        "close": 16.195278,
        "volume": 24651,
        "typical_volume": 50271.55,
        "trend": 16.292571,
        "fair_value": 16.942935,
        "relative_strength": -2.354601,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -0.694923,
        "energy": 6.97156,
        "activity_lines": [
          16.430349,
          16.487899,
          16.559702,
          16.465737
        ]
      },
      {
        "date": "2023-10-06",
        "close": 16.078262,
        "volume": 348966,
        "typical_volume": 65956.35,
        "trend": 16.30796,
        "fair_value": 16.952792,
        "relative_strength": -3.433476,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -24.909023,
        "energy": 25.492382,
        "activity_lines": [
          16.292255,
          16.391849,
          16.519118,
          16.451911
        ]
      },
      {
        "date": "2023-10-13",
        "close": 16.02847,
        "volume": 30727,
        "typical_volume": 64146.55,
        "trend": 16.32734,
        "fair_value": 16.963626,
        "relative_strength": -4.1015,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -29.343106,
        "energy": 46.198066,
        "activity_lines": [
          16.176033,
          16.311611,
          16.473386,
          16.433879
        ]
      },
      {
        "date": "2023-10-20",
        "close": 15.507919,
        "volume": 185049,
        "typical_volume": 70634.4,
        "trend": 16.324678,
        "fair_value": 16.969843,
        "relative_strength": -4.870187,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -54.805733,
        "energy": 67.339162,
        "activity_lines": [
          15.916496,
          16.152917,
          16.377493,
          16.381014
        ]
      },
      {
        "date": "2023-10-27",
        "close": 15.385974,
        "volume": 38334,
        "typical_volume": 71251.55,
        "trend": 16.308582,
        "fair_value": 16.978927,
        "relative_strength": -3.253205,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -56.906155,
        "energy": 75.464978,
        "activity_lines": [
          15.693251,
          15.991694,
          16.272969,
          16.320452
        ]
      },
      {
        "date": "2023-11-03",
        "close": 16.071835,
        "volume": 46424,
        "typical_volume": 71828.1,
        "trend": 16.315448,
        "fair_value": 16.985415,
        "relative_strength": -4.426881,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -64.175529,
        "energy": 72.672268,
        "activity_lines": [
          15.770802,
          15.970538,
          16.238842,
          16.305178
        ]
      },
      {
        "date": "2023-11-10",
        "close": 16.026207,
        "volume": 64272,
        "typical_volume": 72508.1,
        "trend": 16.309339,
        "fair_value": 16.990132,
        "relative_strength": -5.881179,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.177197,
        "energy": 60.916205,
        "activity_lines": [
          15.841374,
          15.94739,
          16.203439,
          16.286517
        ]
      },
      {
        "date": "2023-11-17",
        "close": 16.535443,
        "volume": 102382,
        "typical_volume": 71999.25,
        "trend": 16.328428,
        "fair_value": 16.996831,
        "relative_strength": -5.016776,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -26.332189,
        "energy": 18.702235,
        "activity_lines": [
          16.085161,
          16.028269,
          16.217544,
          16.301105
        ]
      },
      {
        "date": "2023-11-24",
        "close": 16.63557,
        "volume": 29346,
        "typical_volume": 71096.5,
        "trend": 16.348651,
        "fair_value": 17.001705,
        "relative_strength": -5.318254,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -6.814892,
        "energy": 19.469955,
        "activity_lines": [
          16.328526,
          16.126372,
          16.240514,
          16.32092
        ]
      },
      {
        "date": "2023-12-01",
        "close": 16.781686,
        "volume": 54581,
        "typical_volume": 70793.85,
        "trend": 16.3689,
        "fair_value": 17.004682,
        "relative_strength": -5.176906,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": 19.473694,
        "energy": 30.991484,
        "activity_lines": [
          16.545419,
          16.251523,
          16.275962,
          16.348858
        ]
      },
      {
        "date": "2023-12-08",
        "close": 16.524307,
        "volume": 78976,
        "typical_volume": 72377.2,
        "trend": 16.388786,
        "fair_value": 17.005088,
        "relative_strength": -6.69559,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 18.580061,
        "energy": 31.758703,
        "activity_lines": [
          16.583472,
          16.324185,
          16.287721,
          16.358884
        ]
      },
      {
        "date": "2023-12-15",
        "close": 16.935589,
        "volume": 56411,
        "typical_volume": 72620.1,
        "trend": 16.420203,
        "fair_value": 17.005965,
        "relative_strength": -6.435432,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 33.992905,
        "energy": 48.368463,
        "activity_lines": [
          16.728454,
          16.465644,
          16.340438,
          16.394162
        ]
      },
      {
        "date": "2023-12-22",
        "close": 17.128419,
        "volume": 114140,
        "typical_volume": 74516.55,
        "trend": 16.460966,
        "fair_value": 17.008561,
        "relative_strength": -6.046161,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 39.878781,
        "energy": 59.707888,
        "activity_lines": [
          16.877088,
          16.626574,
          16.413951,
          16.439853
        ]
      },
      {
        "date": "2023-12-29",
        "close": 17.512633,
        "volume": 173778,
        "typical_volume": 78583.15,
        "trend": 16.506901,
        "fair_value": 17.011453,
        "relative_strength": -4.104303,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 84.059986,
        "energy": 80.333446,
        "activity_lines": [
          17.114261,
          16.837363,
          16.523057,
          16.507703
        ]
      },
      {
        "date": "2024-01-05",
        "close": 17.19541,
        "volume": 80612,
        "typical_volume": 80970.8,
        "trend": 16.531685,
        "fair_value": 17.004006,
        "relative_strength": -4.13606,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.984394,
        "energy": 75.955719,
        "activity_lines": [
          17.187222,
          16.954025,
          16.59755,
          16.552123
        ]
      },
      {
        "date": "2024-01-12",
        "close": 17.061583,
        "volume": 163604,
        "typical_volume": 87070.3,
        "trend": 16.543184,
        "fair_value": 16.997758,
        "relative_strength": -6.376447,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.389699,
        "energy": 70.070541,
        "activity_lines": [
          17.187992,
          17.013457,
          16.654706,
          16.586309
        ]
      },
      {
        "date": "2024-01-19",
        "close": 16.741804,
        "volume": 83983,
        "typical_volume": 88842.0,
        "trend": 16.559975,
        "fair_value": 16.986799,
        "relative_strength": -8.881666,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.106614,
        "energy": 45.417829,
        "activity_lines": [
          17.046351,
          16.996751,
          16.678344,
          16.599124
        ]
      },
      {
        "date": "2024-01-26",
        "close": 16.970296,
        "volume": 151802,
        "typical_volume": 95074.35,
        "trend": 16.57917,
        "fair_value": 16.983197,
        "relative_strength": -8.265232,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 44.557851,
        "energy": 29.723874,
        "activity_lines": [
          16.993793,
          17.008579,
          16.723332,
          16.625596
        ]
      },
      {
        "date": "2024-02-02",
        "close": 17.125484,
        "volume": 82745,
        "typical_volume": 96783.35,
        "trend": 16.605561,
        "fair_value": 16.973972,
        "relative_strength": -8.493598,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 48.583906,
        "energy": 29.260994,
        "activity_lines": [
          17.003506,
          17.040716,
          16.780771,
          16.660842
        ]
      },
      {
        "date": "2024-02-09",
        "close": 17.37196,
        "volume": 36384,
        "typical_volume": 97358.35,
        "trend": 16.619477,
        "fair_value": 16.963503,
        "relative_strength": -8.221348,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.270728,
        "energy": 39.589355,
        "activity_lines": [
          17.121188,
          17.10876,
          16.859478,
          16.710287
        ]
      },
      {
        "date": "2024-02-16",
        "close": 17.54997,
        "volume": 44599,
        "typical_volume": 98355.75,
        "trend": 16.64114,
        "fair_value": 16.954337,
        "relative_strength": -6.752623,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.024473,
        "energy": 62.665771,
        "activity_lines": [
          17.286436,
          17.198436,
          16.950836,
          16.770319
        ]
      },
      {
        "date": "2024-02-23",
        "close": 17.788138,
        "volume": 36394,
        "typical_volume": 82727.15,
        "trend": 16.652549,
        "fair_value": 16.953513,
        "relative_strength": -6.81225,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.390439,
        "energy": 80.664748,
        "activity_lines": [
          17.498514,
          17.312768,
          17.058427,
          16.844319
        ]
      },
      {
        "date": "2024-03-01",
        "close": 17.721955,
        "volume": 33472,
        "typical_volume": 82864.4,
        "trend": 16.679319,
        "fair_value": 16.950571,
        "relative_strength": -7.797556,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.677881,
        "energy": 80.384722,
        "activity_lines": [
          17.618776,
          17.399565,
          17.151571,
          16.913313
        ]
      },
      {
        "date": "2024-03-08",
        "close": 17.892297,
        "volume": 39122,
        "typical_volume": 75568.05,
        "trend": 16.722785,
        "fair_value": 16.948318,
        "relative_strength": -6.41179,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.900703,
        "energy": 83.678591,
        "activity_lines": [
          17.745708,
          17.506542,
          17.252875,
          16.991569
        ]
      },
      {
        "date": "2024-03-15",
        "close": 17.8074,
        "volume": 53662,
        "typical_volume": 76334.45,
        "trend": 16.775331,
        "fair_value": 16.945276,
        "relative_strength": -6.549998,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.332701,
        "energy": 80.318065,
        "activity_lines": [
          17.79322,
          17.59118,
          17.334739,
          17.061545
        ]
      },
      {
        "date": "2024-03-22",
        "close": 17.794072,
        "volume": 33307,
        "typical_volume": 75678.6,
        "trend": 16.82118,
        "fair_value": 16.943852,
        "relative_strength": -8.384357,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.027718,
        "energy": 65.425597,
        "activity_lines": [
          17.80726,
          17.662268,
          17.403803,
          17.12727
        ]
      },
      {
        "date": "2024-03-29",
        "close": 17.849939,
        "volume": 27375,
        "typical_volume": 73833.75,
        "trend": 16.861001,
        "fair_value": 16.941166,
        "relative_strength": -8.177037,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.581722,
        "energy": 59.975203,
        "activity_lines": [
          17.823649,
          17.730196,
          17.469987,
          17.193641
        ]
      },
      {
        "date": "2024-04-05",
        "close": 17.894249,
        "volume": 61625,
        "typical_volume": 71795.9,
        "trend": 16.908093,
        "fair_value": 16.937813,
        "relative_strength": -6.892894,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.737007,
        "energy": 55.43823,
        "activity_lines": [
          17.850688,
          17.786032,
          17.531706,
          17.260302
        ]
      },
      {
        "date": "2024-04-12",
        "close": 17.600753,
        "volume": 16357,
        "typical_volume": 71146.45,
        "trend": 16.939384,
        "fair_value": 16.93042,
        "relative_strength": -6.799192,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 49.920084,
        "energy": 41.108286,
        "activity_lines": [
          17.768408,
          17.771706,
          17.559002,
          17.30499
        ]
      },
      {
        "date": "2024-04-19",
        "close": 17.43626,
        "volume": 26573,
        "typical_volume": 69746.05,
        "trend": 16.971639,
        "fair_value": 16.921199,
        "relative_strength": -4.542164,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 43.730455,
        "energy": 31.041956,
        "activity_lines": [
          17.650734,
          17.71883,
          17.566037,
          17.337047
        ]
      },
      {
        "date": "2024-04-26",
        "close": 17.879262,
        "volume": 37736,
        "typical_volume": 67684.05,
        "trend": 17.027772,
        "fair_value": 16.915597,
        "relative_strength": -4.44439,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 52.369069,
        "energy": 32.663628,
        "activity_lines": [
          17.70547,
          17.745332,
          17.612145,
          17.395603
        ]
      },
      {
        "date": "2024-05-03",
        "close": 18.450807,
        "volume": 213293,
        "typical_volume": 75528.15,
        "trend": 17.106856,
        "fair_value": 16.910023,
        "relative_strength": -1.785241,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 82.18453,
        "energy": 51.048397,
        "activity_lines": [
          17.945041,
          17.869764,
          17.706234,
          17.487412
        ]
      },
      {
        "date": "2024-05-10",
        "close": 18.592038,
        "volume": 35415,
        "typical_volume": 71591.9,
        "trend": 17.192309,
        "fair_value": 16.909631,
        "relative_strength": -2.666448,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 85.18947,
        "energy": 79.298935,
        "activity_lines": [
          18.191632,
          18.007825,
          17.806558,
          17.58323
        ]
      },
      {
        "date": "2024-05-17",
        "close": 19.160457,
        "volume": 113967,
        "typical_volume": 68601.35,
        "trend": 17.31406,
        "fair_value": 16.913125,
        "relative_strength": -1.188654,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 92.36487,
        "energy": 96.072088,
        "activity_lines": [
          18.581176,
          18.233416,
          17.954048,
          17.710207
        ]
      },
      {
        "date": "2024-05-24",
        "close": 18.994952,
        "volume": 44156,
        "typical_volume": 66778.55,
        "trend": 17.434359,
        "fair_value": 16.911038,
        "relative_strength": -1.909359,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.722715,
        "energy": 92.286419,
        "activity_lines": [
          18.811572,
          18.405858,
          18.077928,
          17.818652
        ]
      },
      {
        "date": "2024-05-31",
        "close": 18.62753,
        "volume": 45836,
        "typical_volume": 60890.15,
        "trend": 17.519549,
        "fair_value": 16.903553,
        "relative_strength": -3.280048,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.679665,
        "energy": 87.189143,
        "activity_lines": [
          18.815581,
          18.489903,
          18.158247,
          17.895631
        ]
      },
      {
        "date": "2024-06-07",
        "close": 18.430395,
        "volume": 211134,
        "typical_volume": 67247.7,
        "trend": 17.599689,
        "fair_value": 16.895343,
        "relative_strength": -5.278396,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.893068,
        "energy": 65.186554,
        "activity_lines": [
          18.703994,
          18.522952,
          18.212334,
          17.954395
        ]
      },
      {
        "date": "2024-06-14",
        "close": 18.598015,
        "volume": 38976,
        "typical_volume": 61606.4,
        "trend": 17.668441,
        "fair_value": 16.891538,
        "relative_strength": -5.753122,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.301749,
        "energy": 50.699654,
        "activity_lines": [
          18.64964,
          18.575924,
          18.274344,
          18.018803
        ]
      },
      {
        "date": "2024-06-21",
        "close": 18.824757,
        "volume": 28653,
        "typical_volume": 58901.8,
        "trend": 17.741414,
        "fair_value": 16.886324,
        "relative_strength": -5.041231,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.542789,
        "energy": 46.8467,
        "activity_lines": [
          18.670469,
          18.657326,
          18.350197,
          18.093404
        ]
      },
      {
        "date": "2024-06-28",
        "close": 18.815562,
        "volume": 48610,
        "typical_volume": 59513.1,
        "trend": 17.80921,
        "fair_value": 16.882111,
        "relative_strength": -4.889783,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 53.898364,
        "energy": 41.135038,
        "activity_lines": [
          18.710614,
          18.714801,
          18.417083,
          18.162704
        ]
      },
      {
        "date": "2024-07-05",
        "close": 19.160347,
        "volume": 38127,
        "typical_volume": 59189.5,
        "trend": 17.897078,
        "fair_value": 16.882373,
        "relative_strength": -4.804193,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.945005,
        "energy": 55.319555,
        "activity_lines": [
          18.877645,
          18.809887,
          18.509932,
          18.249874
        ]
      },
      {
        "date": "2024-07-12",
        "close": 19.377454,
        "volume": 31055,
        "typical_volume": 58922.55,
        "trend": 17.978473,
        "fair_value": 16.884128,
        "relative_strength": -4.459769,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.764282,
        "energy": 74.663169,
        "activity_lines": [
          19.081525,
          18.921154,
          18.615788,
          18.345382
        ]
      },
      {
        "date": "2024-07-19",
        "close": 18.675316,
        "volume": 27546,
        "typical_volume": 58626.25,
        "trend": 18.030037,
        "fair_value": 16.882006,
        "relative_strength": -5.882663,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.335164,
        "energy": 50.675529,
        "activity_lines": [
          18.988221,
          18.887911,
          18.647206,
          18.39034
        ]
      },
      {
        "date": "2024-07-26",
        "close": 18.57071,
        "volume": 52969,
        "typical_volume": 59318.6,
        "trend": 18.065306,
        "fair_value": 16.879815,
        "relative_strength": -5.395707,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.485358,
        "energy": 41.610637,
        "activity_lines": [
          18.854895,
          18.834135,
          18.664122,
          18.425222
        ]
      },
      {
        "date": "2024-08-02",
        "close": 18.299814,
        "volume": 33058,
        "typical_volume": 58288.4,
        "trend": 18.102119,
        "fair_value": 16.875143,
        "relative_strength": -4.550335,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 28.069045,
        "energy": 16.720657,
        "activity_lines": [
          18.648208,
          18.741828,
          18.652008,
          18.440352
        ]
      },
      {
        "date": "2024-08-09",
        "close": 18.27343,
        "volume": 54363,
        "typical_volume": 59341.2,
        "trend": 18.142514,
        "fair_value": 16.870646,
        "relative_strength": -4.527394,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 13.590928,
        "energy": 19.697341,
        "activity_lines": [
          18.467108,
          18.657362,
          18.635036,
          18.451404
        ]
      },
      {
        "date": "2024-08-16",
        "close": 18.742668,
        "volume": 51112,
        "typical_volume": 60528.05,
        "trend": 18.20921,
        "fair_value": 16.873886,
        "relative_strength": -5.645366,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 26.898456,
        "energy": 21.891281,
        "activity_lines": [
          18.501549,
          18.664651,
          18.660471,
          18.490124
        ]
      },
      {
        "date": "2024-08-23",
        "close": 18.978356,
        "volume": 89816,
        "typical_volume": 61937.6,
        "trend": 18.276145,
        "fair_value": 16.873923,
        "relative_strength": -5.581198,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 40.993568,
        "energy": 20.225092,
        "activity_lines": [
          18.656872,
          18.709114,
          18.704101,
          18.539746
        ]
      },
      {
        "date": "2024-08-30",
        "close": 18.80296,
        "volume": 21626,
        "typical_volume": 62201.05,
        "trend": 18.332061,
        "fair_value": 16.868669,
        "relative_strength": -6.506094,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 37.228917,
        "energy": 20.674401,
        "activity_lines": [
          18.733527,
          18.714772,
          18.725865,
          18.573734
        ]
      },
      {
        "date": "2024-09-06",
        "close": 18.156005,
        "volume": 42797,
        "typical_volume": 63012.25,
        "trend": 18.358196,
        "fair_value": 16.861226,
        "relative_strength": -5.627808,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": -0.185401,
        "energy": 5.954357,
        "activity_lines": [
          18.579047,
          18.603198,
          18.680288,
          18.562375
        ]
      },
      {
        "date": "2024-09-13",
        "close": 18.440743,
        "volume": 47425,
        "typical_volume": 63496.7,
        "trend": 18.387888,
        "fair_value": 16.858107,
        "relative_strength": -7.582607,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 10.739951,
        "energy": 6.284366,
        "activity_lines": [
          18.529066,
          18.555387,
          18.658403,
          18.567701
        ]
      },
      {
        "date": "2024-09-20",
        "close": 18.7488,
        "volume": 43909,
        "typical_volume": 55027.5,
        "trend": 18.41991,
        "fair_value": 16.857598,
        "relative_strength": -7.064735,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 21.402268,
        "energy": 12.54567,
        "activity_lines": [
          18.570618,
          18.576669,
          18.663182,
          18.590986
        ]
      },
      {
        "date": "2024-09-27",
        "close": 19.982605,
        "volume": 60597,
        "typical_volume": 56286.6,
        "trend": 18.495265,
        "fair_value": 16.865823,
        "relative_strength": -1.32359,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.980957,
        "energy": 49.076391,
        "activity_lines": [
          19.023028,
          18.83371,
          18.784048,
          18.691805
        ]
      },
      {
        "date": "2024-10-04",
        "close": 20.111235,
        "volume": 83948,
        "typical_volume": 54785.65,
        "trend": 18.56923,
        "fair_value": 16.874748,
        "relative_strength": -0.79725,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.228474,
        "energy": 76.32731,
        "activity_lines": [
          19.451366,
          19.09037,
          18.910542,
          18.796061
        ]
      },
      {
        "date": "2024-10-11",
        "close": 19.73477,
        "volume": 21839,
        "typical_volume": 53669.8,
        "trend": 18.633475,
        "fair_value": 16.877986,
        "relative_strength": -3.57412,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.628702,
        "energy": 73.823621,
        "activity_lines": [
          19.666997,
          19.250571,
          18.996655,
          18.871257
        ]
      },
      {
        "date": "2024-10-18",
        "close": 19.597179,
        "volume": 46556,
        "typical_volume": 53705.8,
        "trend": 18.693579,
        "fair_value": 16.881731,
        "relative_strength": -4.870381,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.158819,
        "energy": 75.270835,
        "activity_lines": [
          19.731513,
          19.359666,
          19.066142,
          18.933432
        ]
      },
      {
        "date": "2024-10-25",
        "close": 19.336712,
        "volume": 28510,
        "typical_volume": 44574.6,
        "trend": 18.743138,
        "fair_value": 16.885048,
        "relative_strength": -4.997715,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.998728,
        "energy": 65.598158,
        "activity_lines": [
          19.632111,
          19.397335,
          19.106204,
          18.974924
        ]
      },
      {
        "date": "2024-11-01",
        "close": 19.141886,
        "volume": 38649,
        "typical_volume": 44558.25,
        "trend": 18.784726,
        "fair_value": 16.886547,
        "relative_strength": -4.430678,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.364103,
        "energy": 34.030561,
        "activity_lines": [
          19.428573,
          19.38878,
          19.123396,
          19.00065
        ]
      },
      {
        "date": "2024-11-08",
        "close": 19.214982,
        "volume": 35826,
        "typical_volume": 44916.9,
        "trend": 18.838534,
        "fair_value": 16.887543,
        "relative_strength": -8.181066,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 37.933388,
        "energy": 20.291314,
        "activity_lines": [
          19.305448,
          19.390543,
          19.144959,
          19.028408
        ]
      },
      {
        "date": "2024-11-15",
        "close": 18.546136,
        "volume": 47115,
        "typical_volume": 44842.15,
        "trend": 18.875529,
        "fair_value": 16.885919,
        "relative_strength": -9.219732,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 7.894818,
        "energy": 15.768446,
        "activity_lines": [
          19.019125,
          19.263205,
          19.100965,
          19.009544
        ]
      },
      {
        "date": "2024-11-22",
        "close": 18.775359,
        "volume": 164429,
        "typical_volume": 51157.25,
        "trend": 18.905399,
        "fair_value": 16.890843,
        "relative_strength": -9.32873,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -4.855103,
        "energy": 18.411367,
        "activity_lines": [
          18.888451,
          19.170452,
          19.080085,
          19.003081
        ]
      },
      {
        "date": "2024-11-29",
        "close": 18.737235,
        "volume": 39368,
        "typical_volume": 51572.9,
        "trend": 18.914947,
        "fair_value": 16.892243,
        "relative_strength": -10.274681,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -6.826544,
        "energy": 19.342551,
        "activity_lines": [
          18.799858,
          19.064682,
          19.057406,
          18.992232
        ]
      },
      {
        "date": "2024-12-06",
        "close": 18.928333,
        "volume": 59782,
        "typical_volume": 53184.7,
        "trend": 18.926157,
        "fair_value": 16.892708,
        "relative_strength": -9.881373,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -14.331831,
        "energy": 22.201667,
        "activity_lines": [
          18.814929,
          18.993868,
          19.055977,
          18.993095
        ]
      },
      {
        "date": "2024-12-13",
        "close": 18.956998,
        "volume": 53145,
        "typical_volume": 53193.5,
        "trend": 18.919375,
        "fair_value": 16.894323,
        "relative_strength": -8.951206,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -11.919774,
        "energy": 15.289416,
        "activity_lines": [
          18.853792,
          18.947435,
          19.056072,
          18.995085
        ]
      },
      {
        "date": "2024-12-20",
        "close": 18.570023,
        "volume": 51213,
        "typical_volume": 54101.25,
        "trend": 18.90521,
        "fair_value": 16.892123,
        "relative_strength": -8.877273,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -23.880177,
        "energy": 19.517217,
        "activity_lines": [
          18.780862,
          18.851628,
          19.017473,
          18.972546
        ]
      },
      {
        "date": "2024-12-27",
        "close": 18.579387,
        "volume": 41743,
        "typical_volume": 53470.25,
        "trend": 18.903606,
        "fair_value": 16.890037,
        "relative_strength": -9.113922,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -24.072817,
        "energy": 27.093495,
        "activity_lines": [
          18.709461,
          18.778701,
          18.97848,
          18.951525
        ]
      },
      {
        "date": "2025-01-03",
        "close": 18.352665,
        "volume": 114560,
        "typical_volume": 56642.65,
        "trend": 18.901015,
        "fair_value": 16.886524,
        "relative_strength": -9.443835,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -32.915454,
        "energy": 43.193786,
        "activity_lines": [
          18.575551,
          18.683058,
          18.916436,
          18.915981
        ]
      },
      {
        "date": "2025-01-10",
        "close": 17.882549,
        "volume": 387229,
        "typical_volume": 71513.3,
        "trend": 18.877166,
        "fair_value": 16.87739,
        "relative_strength": -9.745479,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -83.356506,
        "energy": 79.28521,
        "activity_lines": [
          18.310574,
          18.51983,
          18.811477,
          18.850273
        ]
      },
      {
        "date": "2025-01-17",
        "close": 18.15233,
        "volume": 63549,
        "typical_volume": 73609.45,
        "trend": 18.854752,
        "fair_value": 16.87372,
        "relative_strength": -10.764081,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.684043,
        "energy": 75.661155,
        "activity_lines": [
          18.205243,
          18.428551,
          18.73743,
          18.80351
        ]
      },
      {
        "date": "2025-01-24",
        "close": 18.439666,
        "volume": 85094,
        "typical_volume": 75724.3,
        "trend": 18.842222,
        "fair_value": 16.875141,
        "relative_strength": -10.651671,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.414732,
        "energy": 69.606058,
        "activity_lines": [
          18.249334,
          18.408835,
          18.693846,
          18.77673
        ]
      },
      {
        "date": "2025-01-31",
        "close": 18.239428,
        "volume": 53859,
        "typical_volume": 76046.0,
        "trend": 18.811524,
        "fair_value": 16.872287,
        "relative_strength": -10.476387,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.265684,
        "energy": 63.701368,
        "activity_lines": [
          18.23537,
          18.354649,
          18.629841,
          18.73784
        ]
      },
      {
        "date": "2025-02-07",
        "close": 18.269618,
        "volume": 38935,
        "typical_volume": 75797.3,
        "trend": 18.774597,
        "fair_value": 16.869053,
        "relative_strength": -9.931286,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.808873,
        "energy": 41.085976,
        "activity_lines": [
          18.254134,
          18.315695,
          18.56967,
          18.702879
        ]
      },
      {
        "date": "2025-02-14",
        "close": 18.639712,
        "volume": 53316,
        "typical_volume": 75433.25,
        "trend": 18.77341,
        "fair_value": 16.86814,
        "relative_strength": -9.193388,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -40.886373,
        "energy": 25.788215,
        "activity_lines": [
          18.401799,
          18.352534,
          18.547028,
          18.694176
        ]
      },
      {
        "date": "2025-02-21",
        "close": 18.627751,
        "volume": 66117,
        "typical_volume": 74541.7,
        "trend": 18.775311,
        "fair_value": 16.870924,
        "relative_strength": -7.541593,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -35.744263,
        "energy": 19.926197,
        "activity_lines": [
          18.494999,
          18.392445,
          18.529641,
          18.684779
        ]
      },
      {
        "date": "2025-02-28",
        "close": 18.111723,
        "volume": 83493,
        "typical_volume": 77624.4,
        "trend": 18.769041,
        "fair_value": 16.878976,
        "relative_strength": -8.996032,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -49.874684,
        "energy": 26.035789,
        "activity_lines": [
          18.384495,
          18.34452,
          18.470173,
          18.641967
        ]
      },
      {
        "date": "2025-03-07",
        "close": 18.601902,
        "volume": 227500,
        "typical_volume": 86671.6,
        "trend": 18.779991,
        "fair_value": 16.893109,
        "relative_strength": -3.396945,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -32.287801,
        "energy": 17.974133,
        "activity_lines": [
          18.459246,
          18.394051,
          18.465118,
          18.631184
        ]
      },
      {
        "date": "2025-03-14",
        "close": 18.731825,
        "volume": 83916,
        "typical_volume": 89441.9,
        "trend": 18.779629,
        "fair_value": 16.903263,
        "relative_strength": -0.342609,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -22.050587,
        "energy": 13.151242,
        "activity_lines": [
          18.553141,
          18.466794,
          18.477176,
          18.628076
        ]
      },
      {
        "date": "2025-03-21",
        "close": 18.731729,
        "volume": 83919,
        "typical_volume": 91705.4,
        "trend": 18.771408,
        "fair_value": 16.913593,
        "relative_strength": -0.770483,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -8.5488,
        "energy": 8.687069,
        "activity_lines": [
          18.61619,
          18.532627,
          18.492105,
          18.624986
        ]
      },
      {
        "date": "2025-03-28",
        "close": 18.436966,
        "volume": 52667,
        "typical_volume": 92547.45,
        "trend": 18.759208,
        "fair_value": 16.920222,
        "relative_strength": -0.791003,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -17.19161,
        "energy": 14.300601,
        "activity_lines": [
          18.57485,
          18.529426,
          18.480914,
          18.603409
        ]
      },
      {
        "date": "2025-04-04",
        "close": 17.305208,
        "volume": 61423,
        "typical_volume": 93262.85,
        "trend": 18.730849,
        "fair_value": 16.920916,
        "relative_strength": 2.445219,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.817646,
        "energy": 44.587863,
        "activity_lines": [
          18.168976,
          18.315277,
          18.365642,
          18.509602
        ]
      },
      {
        "date": "2025-04-11",
        "close": 17.693195,
        "volume": 123202,
        "typical_volume": 91201.5,
        "trend": 18.70593,
        "fair_value": 16.925344,
        "relative_strength": -0.779998,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.668686,
        "energy": 59.745437,
        "activity_lines": [
          17.946199,
          18.192296,
          18.29323,
          18.442657
        ]
      },
      {
        "date": "2025-04-18",
        "close": 17.829296,
        "volume": 85119,
        "typical_volume": 93489.05,
        "trend": 18.67528,
        "fair_value": 16.933781,
        "relative_strength": 1.518114,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.745021,
        "energy": 64.931471,
        "activity_lines": [
          17.82937,
          18.103993,
          18.238933,
          18.3861
        ]
      },
      {
        "date": "2025-04-25",
        "close": 18.338899,
        "volume": 49441,
        "typical_volume": 92972.0,
        "trend": 18.62049,
        "fair_value": 16.946601,
        "relative_strength": -0.041452,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.515234,
        "energy": 57.363064,
        "activity_lines": [
          17.942576,
          18.116351,
          18.237493,
          18.364398
        ]
      },
      {
        "date": "2025-05-02",
        "close": 18.90022,
        "volume": 139059,
        "typical_volume": 97267.7,
        "trend": 18.580123,
        "fair_value": 16.964541,
        "relative_strength": 0.27305,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -16.491013,
        "energy": 10.197704,
        "activity_lines": [
          18.269079,
          18.236237,
          18.29232,
          18.382445
        ]
      },
      {
        "date": "2025-05-09",
        "close": 18.890596,
        "volume": 26112,
        "typical_volume": 96012.65,
        "trend": 18.551984,
        "fair_value": 16.983995,
        "relative_strength": 0.807727,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 18.166574,
        "energy": 18.989789,
        "activity_lines": [
          18.56149,
          18.349418,
          18.3465,
          18.402476
        ]
      },
      {
        "date": "2025-05-16",
        "close": 19.470097,
        "volume": 46882,
        "typical_volume": 96269.6,
        "trend": 18.547748,
        "fair_value": 17.00648,
        "relative_strength": -1.09872,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 35.743371,
        "energy": 37.630647,
        "activity_lines": [
          18.941375,
          18.553803,
          18.454344,
          18.461709
        ]
      },
      {
        "date": "2025-05-23",
        "close": 19.555452,
        "volume": 49140,
        "typical_volume": 92998.6,
        "trend": 18.555039,
        "fair_value": 17.026891,
        "relative_strength": 2.075203,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 45.329673,
        "energy": 61.076531,
        "activity_lines": [
          19.231252,
          18.757921,
          18.566076,
          18.526722
        ]
      },
      {
        "date": "2025-05-30",
        "close": 19.3513,
        "volume": 45188,
        "typical_volume": 75896.55,
        "trend": 18.562019,
        "fair_value": 17.045764,
        "relative_strength": -0.582465,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 64.441301,
        "energy": 74.196245,
        "activity_lines": [
          19.338001,
          18.909945,
          18.652637,
          18.578094
        ]
      },
      {
        "date": "2025-06-06",
        "close": 19.862166,
        "volume": 48804,
        "typical_volume": 75159.3,
        "trend": 18.583592,
        "fair_value": 17.071721,
        "relative_strength": 0.486887,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.065944,
        "energy": 82.382544,
        "activity_lines": [
          19.547545,
          19.143589,
          18.780858,
          18.661974
        ]
      },
      {
        "date": "2025-06-13",
        "close": 20.046098,
        "volume": 54085,
        "typical_volume": 73608.85,
        "trend": 18.633591,
        "fair_value": 17.102848,
        "relative_strength": 1.847545,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.905148,
        "energy": 83.581319,
        "activity_lines": [
          19.75427,
          19.384763,
          18.918454,
          18.756329
        ]
      },
      {
        "date": "2025-06-20",
        "close": 19.816864,
        "volume": 16192,
        "typical_volume": 71725.5,
        "trend": 18.668308,
        "fair_value": 17.132008,
        "relative_strength": 0.94204,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.802149,
        "energy": 73.276171,
        "activity_lines": [
          19.807551,
          19.534423,
          19.026569,
          18.832669
        ]
      },
      {
        "date": "2025-06-27",
        "close": 20.473554,
        "volume": 32220,
        "typical_volume": 71389.75,
        "trend": 18.726185,
        "fair_value": 17.166506,
        "relative_strength": 0.88856,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.880587,
        "energy": 80.497554,
        "activity_lines": [
          20.05661,
          19.76487,
          19.189714,
          18.949137
        ]
      },
      {
        "date": "2025-07-04",
        "close": 20.902514,
        "volume": 37211,
        "typical_volume": 70584.5,
        "trend": 18.791991,
        "fair_value": 17.204177,
        "relative_strength": 1.375898,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 86.015828,
        "energy": 88.381692,
        "activity_lines": [
          20.387449,
          20.025231,
          19.383217,
          19.089545
        ]
      },
      {
        "date": "2025-07-11",
        "close": 20.842355,
        "volume": 27964,
        "typical_volume": 68676.85,
        "trend": 18.854836,
        "fair_value": 17.244241,
        "relative_strength": 1.458293,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.122608,
        "energy": 90.575366,
        "activity_lines": [
          20.594821,
          20.228044,
          19.560216,
          19.221827
        ]
      },
      {
        "date": "2025-07-18",
        "close": 20.942653,
        "volume": 26053,
        "typical_volume": 65804.85,
        "trend": 18.933924,
        "fair_value": 17.283018,
        "relative_strength": 1.366558,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.143421,
        "energy": 90.359157,
        "activity_lines": [
          20.77028,
          20.413781,
          19.736221,
          19.356525
        ]
      },
      {
        "date": "2025-07-25",
        "close": 21.211357,
        "volume": 47330,
        "typical_volume": 56796.35,
        "trend": 19.021656,
        "fair_value": 17.320969,
        "relative_strength": 1.206317,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.236256,
        "energy": 91.636074,
        "activity_lines": [
          20.975536,
          20.611063,
          19.924337,
          19.503456
        ]
      },
      {
        "date": "2025-08-01",
        "close": 20.592297,
        "volume": 21725,
        "typical_volume": 53686.8,
        "trend": 19.096311,
        "fair_value": 17.355235,
        "relative_strength": 0.78006,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.036056,
        "energy": 79.133984,
        "activity_lines": [
          20.881473,
          20.66413,
          20.041068,
          19.604788
        ]
      },
      {
        "date": "2025-08-08",
        "close": 21.168569,
        "volume": 28373,
        "typical_volume": 50909.5,
        "trend": 19.205845,
        "fair_value": 17.389959,
        "relative_strength": 1.174818,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.45008,
        "energy": 67.512208,
        "activity_lines": [
          20.971584,
          20.803121,
          20.203823,
          19.738482
        ]
      },
      {
        "date": "2025-08-15",
        "close": 21.305963,
        "volume": 18407,
        "typical_volume": 49196.5,
        "trend": 19.310966,
        "fair_value": 17.427564,
        "relative_strength": 0.906971,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.324933,
        "energy": 67.495598,
        "activity_lines": [
          21.089757,
          20.934052,
          20.36806,
          19.873973
        ]
      },
      {
        "date": "2025-08-22",
        "close": 21.580458,
        "volume": 65944,
        "typical_volume": 49422.55,
        "trend": 19.415659,
        "fair_value": 17.467019,
        "relative_strength": 1.954977,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.540707,
        "energy": 67.977945,
        "activity_lines": [
          21.26852,
          21.08864,
          20.544776,
          20.020392
        ]
      },
      {
        "date": "2025-08-29",
        "close": 21.237266,
        "volume": 51781,
        "typical_volume": 45851.5,
        "trend": 19.515587,
        "fair_value": 17.506481,
        "relative_strength": 0.423996,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.854812,
        "energy": 63.026996,
        "activity_lines": [
          21.290366,
          21.152933,
          20.66845,
          20.137915
        ]
      },
      {
        "date": "2025-09-05",
        "close": 21.387419,
        "volume": 21234,
        "typical_volume": 42657.25,
        "trend": 19.619513,
        "fair_value": 17.545433,
        "relative_strength": 0.849396,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.76614,
        "energy": 62.270206,
        "activity_lines": [
          21.360535,
          21.2187,
          20.789547,
          20.258678
        ]
      },
      {
        "date": "2025-09-12",
        "close": 22.017372,
        "volume": 147519,
        "typical_volume": 47561.15,
        "trend": 19.732102,
        "fair_value": 17.591523,
        "relative_strength": 2.197507,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.433233,
        "energy": 69.625214,
        "activity_lines": [
          21.587681,
          21.382389,
          20.953696,
          20.413379
        ]
      },
      {
        "date": "2025-09-19",
        "close": 22.169586,
        "volume": 359847,
        "typical_volume": 58600.55,
        "trend": 19.850163,
        "fair_value": 17.642104,
        "relative_strength": 1.647782,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.851924,
        "energy": 70.096507,
        "activity_lines": [
          21.808978,
          21.553482,
          21.114825,
          20.570636
        ]
      },
      {
        "date": "2025-09-26",
        "close": 21.852793,
        "volume": 141545,
        "typical_volume": 64372.2,
        "trend": 19.974866,
        "fair_value": 17.694013,
        "relative_strength": 0.619525,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.380833,
        "energy": 71.273546,
        "activity_lines": [
          21.867102,
          21.642846,
          21.230216,
          20.699838
        ]
      },
      {
        "date": "2025-10-03",
        "close": 22.203958,
        "volume": 93394,
        "typical_volume": 66697.8,
        "trend": 20.094934,
        "fair_value": 17.746281,
        "relative_strength": 1.246588,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.710902,
        "energy": 85.78594,
        "activity_lines": [
          22.024126,
          21.779509,
          21.364944,
          20.84365
        ]
      },
      {
        "date": "2025-10-10",
        "close": 21.324112,
        "volume": 82133,
        "typical_volume": 68347.45,
        "trend": 20.181344,
        "fair_value": 17.79591,
        "relative_strength": -0.24886,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.025056,
        "energy": 56.226096,
        "activity_lines": [
          21.823421,
          21.738154,
          21.40286,
          20.922952
        ]
      },
      {
        "date": "2025-10-17",
        "close": 22.2656,
        "volume": 39856,
        "typical_volume": 68080.85,
        "trend": 20.299139,
        "fair_value": 17.847951,
        "relative_strength": 2.397854,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.172836,
        "energy": 55.174294,
        "activity_lines": [
          21.940766,
          21.854672,
          21.522018,
          21.05742
        ]
      },
      {
        "date": "2025-10-24",
        "close": 22.617915,
        "volume": 33720,
        "typical_volume": 67326.65,
        "trend": 20.438504,
        "fair_value": 17.903546,
        "relative_strength": 2.067085,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.732062,
        "energy": 60.286546,
        "activity_lines": [
          22.159001,
          22.015301,
          21.660853,
          21.207019
        ]
      },
      {
        "date": "2025-10-31",
        "close": 22.587986,
        "volume": 45197,
        "typical_volume": 66882.25,
        "trend": 20.614597,
        "fair_value": 17.955755,
        "relative_strength": 1.261372,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.312913,
        "energy": 59.285783,
        "activity_lines": [
          22.337371,
          22.146636,
          21.783715,
          21.345695
        ]
      },
      {
        "date": "2025-11-07",
        "close": 22.495621,
        "volume": 51296,
        "typical_volume": 68637.45,
        "trend": 20.774678,
        "fair_value": 18.003255,
        "relative_strength": 2.452917,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.300074,
        "energy": 61.220314,
        "activity_lines": [
          22.43594,
          22.242857,
          21.885677,
          21.467051
        ]
      },
      {
        "date": "2025-11-14",
        "close": 22.881532,
        "volume": 45192,
        "typical_volume": 69286.05,
        "trend": 20.943086,
        "fair_value": 18.054741,
        "relative_strength": 3.938961,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.954412,
        "energy": 76.434784,
        "activity_lines": [
          22.643702,
          22.386366,
          22.011635,
          21.602977
        ]
      },
      {
        "date": "2025-11-21",
        "close": 22.127053,
        "volume": 61529,
        "typical_volume": 70501.95,
        "trend": 21.069358,
        "fair_value": 18.100058,
        "relative_strength": 2.379124,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.412391,
        "energy": 50.554547,
        "activity_lines": [
          22.496143,
          22.36553,
          22.054272,
          21.679362
        ]
      },
      {
        "date": "2025-11-28",
        "close": 22.547849,
        "volume": 36552,
        "typical_volume": 70931.35,
        "trend": 21.190945,
        "fair_value": 18.145293,
        "relative_strength": 0.517651,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.434103,
        "energy": 46.212895,
        "activity_lines": [
          22.498085,
          22.419209,
          22.131153,
          21.774749
        ]
      },
      {
        "date": "2025-12-05",
        "close": 22.821673,
        "volume": 35089,
        "typical_volume": 71383.15,
        "trend": 21.321981,
        "fair_value": 18.194015,
        "relative_strength": 1.292416,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.053305,
        "energy": 48.073642,
        "activity_lines": [
          22.595974,
          22.515797,
          22.225992,
          21.879957
        ]
      },
      {
        "date": "2025-12-12",
        "close": 22.52119,
        "volume": 35134,
        "typical_volume": 70773.35,
        "trend": 21.423684,
        "fair_value": 18.241847,
        "relative_strength": 0.459746,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.177437,
        "energy": 38.071377,
        "activity_lines": [
          22.578122,
          22.540135,
          22.283265,
          21.957325
        ]
      },
      {
        "date": "2025-12-19",
        "close": 22.657557,
        "volume": 31642,
        "typical_volume": 71269.2,
        "trend": 21.527088,
        "fair_value": 18.290012,
        "relative_strength": 0.857323,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.254259,
        "energy": 41.180831,
        "activity_lines": [
          22.604021,
          22.583499,
          22.347289,
          22.03693
        ]
      },
      {
        "date": "2025-12-26",
        "close": 23.078352,
        "volume": 33480,
        "typical_volume": 71524.55,
        "trend": 21.651323,
        "fair_value": 18.34043,
        "relative_strength": 1.175417,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.821598,
        "energy": 49.223932,
        "activity_lines": [
          22.785117,
          22.679127,
          22.441553,
          22.137012
        ]
      },
      {
        "date": "2026-01-02",
        "close": 23.359948,
        "volume": 44557,
        "typical_volume": 72832.05,
        "trend": 21.767915,
        "fair_value": 18.388989,
        "relative_strength": 3.310292,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.817877,
        "energy": 58.945641,
        "activity_lines": [
          22.996658,
          22.811177,
          22.553543,
          22.247246
        ]
      },
      {
        "date": "2026-01-09",
        "close": 23.800308,
        "volume": 41525,
        "typical_volume": 71611.1,
        "trend": 21.893056,
        "fair_value": 18.437912,
        "relative_strength": 3.417051,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.37168,
        "energy": 83.087835,
        "activity_lines": [
          23.300846,
          23.009801,
          22.69769,
          22.378368
        ]
      },
      {
        "date": "2026-01-16",
        "close": 24.314922,
        "volume": 63119,
        "typical_volume": 72178.0,
        "trend": 22.042991,
        "fair_value": 18.488253,
        "relative_strength": 5.750051,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 89.623994,
        "energy": 94.564967,
        "activity_lines": [
          23.71133,
          23.279949,
          22.880277,
          22.534617
        ]
      },
      {
        "date": "2026-01-23",
        "close": 25.291368,
        "volume": 72585,
        "typical_volume": 74745.55,
        "trend": 22.203585,
        "fair_value": 18.543697,
        "relative_strength": 10.002152,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 96.113517,
        "energy": 97.911159,
        "activity_lines": [
          24.327713,
          23.694555,
          23.141204,
          22.74419
        ]
      },
      {
        "date": "2026-01-30",
        "close": 25.186099,
        "volume": 102844,
        "typical_volume": 72511.8,
        "trend": 22.346371,
        "fair_value": 18.601911,
        "relative_strength": 8.750941,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.056769,
        "energy": 94.580598,
        "activity_lines": [
          24.73342,
          24.046205,
          23.373515,
          22.93661
        ]
      },
      {
        "date": "2026-02-06",
        "close": 25.666121,
        "volume": 84202,
        "typical_volume": 58729.55,
        "trend": 22.507163,
        "fair_value": 18.664772,
        "relative_strength": 10.63358,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.084466,
        "energy": 95.034348,
        "activity_lines": [
          25.158617,
          24.429513,
          23.636453,
          23.150788
        ]
      },
      {
        "date": "2026-02-13",
        "close": 26.369803,
        "volume": 73566,
        "typical_volume": 55330.6,
        "trend": 22.688068,
        "fair_value": 18.731849,
        "relative_strength": 14.637078,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.84598,
        "energy": 96.212472,
        "activity_lines": [
          25.66463,
          24.884067,
          23.949758,
          23.39999
        ]
      },
      {
        "date": "2026-02-20",
        "close": 27.037897,
        "volume": 72503,
        "typical_volume": 54286.05,
        "trend": 22.882286,
        "fair_value": 18.805567,
        "relative_strength": 15.717346,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 92.706361,
        "energy": 96.620205,
        "activity_lines": [
          26.222042,
          25.395582,
          24.305182,
          23.680624
        ]
      },
      {
        "date": "2026-02-27",
        "close": 27.59456,
        "volume": 76195,
        "typical_volume": 53989.15,
        "trend": 23.115695,
        "fair_value": 18.879853,
        "relative_strength": 18.063126,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 92.065432,
        "energy": 96.555815,
        "activity_lines": [
          26.783476,
          25.926186,
          24.690602,
          23.984642
        ]
      },
      {
        "date": "2026-03-06",
        "close": 25.000114,
        "volume": 143158,
        "typical_volume": 59154.25,
        "trend": 23.243413,
        "fair_value": 18.940004,
        "relative_strength": 8.851188,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.605321,
        "energy": 66.878027,
        "activity_lines": [
          26.326549,
          25.895309,
          24.799073,
          24.106217
        ]
      },
      {
        "date": "2026-03-13",
        "close": 24.691962,
        "volume": 82620,
        "typical_volume": 61599.25,
        "trend": 23.35628,
        "fair_value": 18.999266,
        "relative_strength": 8.925993,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.931292,
        "energy": 54.541586,
        "activity_lines": [
          25.779303,
          25.773463,
          24.865175,
          24.199672
        ]
      },
      {
        "date": "2026-03-20",
        "close": 24.473273,
        "volume": 248836,
        "typical_volume": 71781.2,
        "trend": 23.452707,
        "fair_value": 19.056224,
        "relative_strength": 9.686078,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 43.31128,
        "energy": 29.497301,
        "activity_lines": [
          25.224105,
          25.587637,
          24.900573,
          24.271736
        ]
      },
      {
        "date": "2026-03-27",
        "close": 24.344048,
        "volume": 134241,
        "typical_volume": 75928.45,
        "trend": 23.556266,
        "fair_value": 19.110552,
        "relative_strength": 11.297884,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.240493,
        "energy": 32.23801,
        "activity_lines": [
          24.752267,
          25.36608,
          24.914686,
          24.329242
        ]
      },
      {
        "date": "2026-04-03",
        "close": 24.895,
        "volume": 62336,
        "typical_volume": 76785.65,
        "trend": 23.673186,
        "fair_value": 19.168431,
        "relative_strength": 9.840698,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.698679,
        "energy": 27.617386,
        "activity_lines": [
          24.64367,
          25.244167,
          24.972469,
          24.415612
        ]
      },
      {
        "date": "2026-04-10",
        "close": 26.3374,
        "volume": 136389,
        "typical_volume": 80528.65,
        "trend": 23.817187,
        "fair_value": 19.233354,
        "relative_strength": 11.837049,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 50.215714,
        "energy": 25.238144,
        "activity_lines": [
          25.195843,
          25.391714,
          25.158035,
          24.587497
        ]
      },
      {
        "date": "2026-04-17",
        "close": 27.49,
        "volume": 57618,
        "typical_volume": 81581.95,
        "trend": 23.994534,
        "fair_value": 19.307247,
        "relative_strength": 11.412998,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 75.111796,
        "energy": 46.189742,
        "activity_lines": [
          26.043065,
          25.727893,
          25.433323,
          24.824452
        ]
      },
      {
        "date": "2026-04-24",
        "close": 27.2891,
        "volume": 34971,
        "typical_volume": 81576.05,
        "trend": 24.175744,
        "fair_value": 19.379428,
        "relative_strength": 9.734581,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.656452,
        "energy": 66.74726,
        "activity_lines": [
          26.636783,
          25.994383,
          25.665944,
          25.037005
        ]
      },
      {
        "date": "2026-05-01",
        "close": 27.58421,
        "volume": 81198,
        "typical_volume": 83879.25,
        "trend": 24.355086,
        "fair_value": 19.452569,
        "relative_strength": 9.613343,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.797894,
        "energy": 78.822739,
        "activity_lines": [
          27.14115,
          26.297815,
          25.905398,
          25.256906
        ]
      },
      {
        "date": "2026-05-08",
        "close": 28.919971,
        "volume": 47359,
        "typical_volume": 84665.1,
        "trend": 24.608281,
        "fair_value": 19.535852,
        "relative_strength": 11.947628,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.223278,
        "energy": 87.100471,
        "activity_lines": [
          27.87476,
          26.834179,
          26.247957,
          25.551415
        ]
      },
      {
        "date": "2026-05-15",
        "close": 27.962593,
        "volume": 56374,
        "typical_volume": 85809.8,
        "trend": 24.798181,
        "fair_value": 19.61258,
        "relative_strength": 7.737424,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.417707,
        "energy": 77.805638,
        "activity_lines": [
          28.020912,
          27.172376,
          26.469516,
          25.767822
        ]
      },
      {
        "date": "2026-05-22",
        "close": 28.135398,
        "volume": 36481,
        "typical_volume": 85406.0,
        "trend": 24.982097,
        "fair_value": 19.690976,
        "relative_strength": 7.252441,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.137161,
        "energy": 68.558297,
        "activity_lines": [
          28.11632,
          27.48813,
          26.684274,
          25.983126
        ]
      },
      {
        "date": "2026-05-29",
        "close": 29.643566,
        "volume": 53040,
        "typical_volume": 85981.75,
        "trend": 25.217283,
        "fair_value": 19.777572,
        "relative_strength": 11.019633,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.724449,
        "energy": 71.629583,
        "activity_lines": [
          28.671424,
          28.015487,
          27.019927,
          26.283866
        ]
      },
      {
        "date": "2026-06-05",
        "close": 27.837458,
        "volume": 69344,
        "typical_volume": 86293.0,
        "trend": 25.395344,
        "fair_value": 19.850557,
        "relative_strength": 6.6865,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.80634,
        "energy": 51.382407,
        "activity_lines": [
          28.467527,
          28.120456,
          27.155745,
          26.45291
        ]
      },
      {
        "date": "2026-06-12",
        "close": 28.731276,
        "volume": 55412,
        "typical_volume": 85434.35,
        "trend": 25.590336,
        "fair_value": 19.927574,
        "relative_strength": 9.205322,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.416417,
        "energy": 50.479745,
        "activity_lines": [
          28.544687,
          28.324421,
          27.359914,
          26.668131
        ]
      },
      {
        "date": "2026-06-19",
        "close": 29.328545,
        "volume": 228404,
        "typical_volume": 91712.35,
        "trend": 25.830385,
        "fair_value": 20.011487,
        "relative_strength": 10.117868,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.326901,
        "energy": 53.930125,
        "activity_lines": [
          28.833516,
          28.56723,
          27.604586,
          26.909306
        ]
      },
      {
        "date": "2026-06-26",
        "close": 27.340893,
        "volume": 249204,
        "typical_volume": 99962.45,
        "trend": 25.990154,
        "fair_value": 20.081657,
        "relative_strength": 4.937112,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 46.018345,
        "energy": 31.602959,
        "activity_lines": [
          28.36873,
          28.394263,
          27.640232,
          27.006758
        ]
      },
      {
        "date": "2026-07-03",
        "close": 27.3844,
        "volume": 242447,
        "typical_volume": 108406.5,
        "trend": 26.142244,
        "fair_value": 20.152494,
        "relative_strength": 2.711483,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 40.817363,
        "energy": 25.18349,
        "activity_lines": [
          27.971414,
          28.231917,
          27.672046,
          27.09671
        ]
      },
      {
        "date": "2026-07-10",
        "close": 27.731,
        "volume": 53527,
        "typical_volume": 107457.7,
        "trend": 26.315905,
        "fair_value": 20.221574,
        "relative_strength": 2.448463,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.93163,
        "energy": 18.472955,
        "activity_lines": [
          27.840243,
          28.130857,
          27.732038,
          27.19921
        ]
      },
      {
        "date": "2026-07-17",
        "close": 26.71,
        "volume": 64263,
        "typical_volume": 106861.1,
        "trend": 26.450986,
        "fair_value": 20.284458,
        "relative_strength": 0.106573,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 17.174049,
        "energy": 19.113299,
        "activity_lines": [
          27.375835,
          27.841491,
          27.691491,
          27.224635
        ]
      },
      {
        "date": "2026-07-24",
        "close": 27.0249,
        "volume": 107599,
        "typical_volume": 105083.15,
        "trend": 26.582538,
        "fair_value": 20.345862,
        "relative_strength": 1.72576,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 9.503449,
        "energy": 15.147513,
        "activity_lines": [
          27.151146,
          27.649562,
          27.685147,
          27.261662
        ]
      },
      {
        "date": "2026-07-31",
        "close": 26.5908,
        "volume": 108820,
        "typical_volume": 106393.15,
        "trend": 26.690233,
        "fair_value": 20.407862,
        "relative_strength": -1.105043,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 0.636669,
        "energy": 13.24134,
        "activity_lines": [
          26.935333,
          27.395754,
          27.627819,
          27.262195
        ]
      },
      {
        "date": "2026-08-07",
        "close": 27.77,
        "volume": 50012,
        "typical_volume": 96451.95,
        "trend": 26.822556,
        "fair_value": 20.47954,
        "relative_strength": -0.346551,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 10.76978,
        "energy": 13.860691,
        "activity_lines": [
          27.162593,
          27.384429,
          27.673753,
          27.331858
        ]
      }
    ],
    "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."
    }
  }
}