{
  "ticker": {
    "uuid": "79306ee9-330d-4fab-bc76-61769526e29f",
    "symbol": "4316",
    "name": "BeMap, Inc.",
    "exchange": "JPX",
    "country": "JP",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^N225",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -74.809,
    "architecture_energy": 71.091,
    "architecture_maturity": 84.667,
    "architecture_confidence": 89.476,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 7.36,
        "rotation_up": 30.0,
        "upward_expansion": 12.0,
        "deceleration": 50.62,
        "rotation_down": 58.55,
        "downward_expansion": 85.33
      },
      "activity_lines": [
        93.133333,
        105.145455,
        133.247619,
        269.070968
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 85.0,
    "trend_reference": 477.933333,
    "distance_from_trend": -0.822151,
    "trend_direction": "Weakening",
    "fair_value": 534.134615,
    "distance_from_fair_value": -0.840864,
    "fair_value_direction": "Weakening",
    "relative_strength": -91.570241,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.918348,
    "excess_performance": -1.127606,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.822151,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.392432,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.840864,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.154504,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.915702,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.071071,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.918348,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.247678,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1344900,
      "relative_activity": 0.601075,
      "balance": 2.247678,
      "dry_up": 0.231085,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.311312,
      "annualized_volatility": 2.012974,
      "from_high_reference": -0.962752,
      "from_low_reference": 0.036585
    },
    "levels": {
      "trend_reference": 477.933333,
      "fair_value_reference": 534.134615,
      "structural_low": 82.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 35,
        "median_return": -0.035785,
        "positive_rate": 0.371429,
        "directional_follow_through": 0.628571,
        "median_excess_return": -0.035653,
        "regime_survival": 0.8,
        "best_return": 0.614943,
        "worst_return": -0.224,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
        "median_return": -0.010591,
        "positive_rate": 0.416667,
        "directional_follow_through": 0.583333,
        "median_excess_return": -0.028177,
        "regime_survival": 0.583333,
        "best_return": 1.034591,
        "worst_return": -0.333333,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.022396,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.096148,
        "regime_survival": 0.333333,
        "best_return": 1.322835,
        "worst_return": -0.246689,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.137328,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.1406,
        "regime_survival": 0.5,
        "best_return": 2.377841,
        "worst_return": -0.19702,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-03-29",
        "end": "2024-05-03",
        "tenure": "Developing",
        "return": -0.019465,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-05-10",
        "end": "2024-07-19",
        "tenure": "Developing",
        "return": -0.046914,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-07-26",
        "end": "2024-08-02",
        "tenure": "New",
        "return": -0.033679,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-09",
        "end": "2024-08-23",
        "tenure": "New",
        "return": 0.037356,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-08-30",
        "end": "2024-09-06",
        "tenure": "New",
        "return": 0.158763,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-13",
        "end": "2024-10-11",
        "tenure": "Developing",
        "return": -0.145794,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-10-18",
        "end": "2024-12-06",
        "tenure": "Developing",
        "return": -0.153348,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-12-13",
        "end": "2025-01-03",
        "tenure": "New",
        "return": 0.008043,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-10",
        "end": "2025-05-30",
        "tenure": "Established",
        "return": -0.046997,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-06",
        "end": "2025-07-04",
        "tenure": "Developing",
        "return": 0.213514,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-11",
        "end": "2025-09-26",
        "tenure": "Developing",
        "return": 0.777434,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-03",
        "end": "2026-01-09",
        "tenure": "Established",
        "return": 0.124752,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-16",
        "end": "2026-03-27",
        "tenure": "Developing",
        "return": -0.221303,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-04-03",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": -0.557292,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 441.0,
        "volume": 49600,
        "typical_volume": 175660.0,
        "trend": 459.1,
        "fair_value": 547.423077,
        "relative_strength": -14.633706,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.803701,
        "energy": 29.44254,
        "activity_lines": [
          447.0,
          449.072727,
          451.733333,
          453.965591
        ]
      },
      {
        "date": "2023-08-25",
        "close": 458.0,
        "volume": 35000,
        "typical_volume": 175920.0,
        "trend": 458.133333,
        "fair_value": 545.628205,
        "relative_strength": -11.626374,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -27.747806,
        "energy": 12.274782,
        "activity_lines": [
          450.6,
          450.327273,
          452.12381,
          453.894624
        ]
      },
      {
        "date": "2023-09-01",
        "close": 465.0,
        "volume": 48800,
        "typical_volume": 166915.0,
        "trend": 456.7,
        "fair_value": 543.826923,
        "relative_strength": -12.904609,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -15.954355,
        "energy": 9.14566,
        "activity_lines": [
          455.8,
          452.818182,
          453.147619,
          454.337634
        ]
      },
      {
        "date": "2023-09-08",
        "close": 463.0,
        "volume": 57300,
        "typical_volume": 168380.0,
        "trend": 456.6,
        "fair_value": 541.955128,
        "relative_strength": -12.761433,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 13.965575,
        "energy": 15.122891,
        "activity_lines": [
          458.933333,
          454.745455,
          453.985714,
          454.744086
        ]
      },
      {
        "date": "2023-09-15",
        "close": 452.0,
        "volume": 23000,
        "typical_volume": 168225.0,
        "trend": 456.033333,
        "fair_value": 539.935897,
        "relative_strength": -16.817849,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 5.452112,
        "energy": 13.95149,
        "activity_lines": [
          457.6,
          454.636364,
          453.77619,
          454.447312
        ]
      },
      {
        "date": "2023-09-22",
        "close": 450.0,
        "volume": 17200,
        "typical_volume": 168730.0,
        "trend": 455.533333,
        "fair_value": 538.012821,
        "relative_strength": -13.77649,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -1.726757,
        "energy": 7.766981,
        "activity_lines": [
          455.666667,
          454.181818,
          453.42381,
          454.058065
        ]
      },
      {
        "date": "2023-09-29",
        "close": 448.0,
        "volume": 46700,
        "typical_volume": 170410.0,
        "trend": 454.866667,
        "fair_value": 536.153846,
        "relative_strength": -12.274798,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -36.085445,
        "energy": 15.395062,
        "activity_lines": [
          452.466667,
          453.381818,
          452.92381,
          453.572043
        ]
      },
      {
        "date": "2023-10-06",
        "close": 435.0,
        "volume": 37100,
        "typical_volume": 169475.0,
        "trend": 453.6,
        "fair_value": 534.051282,
        "relative_strength": -12.022893,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -64.317314,
        "energy": 44.143916,
        "activity_lines": [
          445.6,
          450.2,
          451.257143,
          452.290323
        ]
      },
      {
        "date": "2023-10-13",
        "close": 435.0,
        "volume": 655600,
        "typical_volume": 199815.0,
        "trend": 453.0,
        "fair_value": 531.910256,
        "relative_strength": -14.937462,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.592724,
        "energy": 47.339258,
        "activity_lines": [
          440.733333,
          447.181818,
          449.652381,
          451.090323
        ]
      },
      {
        "date": "2023-10-20",
        "close": 418.0,
        "volume": 61200,
        "typical_volume": 201510.0,
        "trend": 451.766667,
        "fair_value": 529.846154,
        "relative_strength": -14.978501,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.211032,
        "energy": 67.030495,
        "activity_lines": [
          432.066667,
          441.363636,
          446.457143,
          448.832258
        ]
      },
      {
        "date": "2023-10-27",
        "close": 411.0,
        "volume": 46500,
        "typical_volume": 84475.0,
        "trend": 450.433333,
        "fair_value": 528.153846,
        "relative_strength": -15.1962,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.101686,
        "energy": 75.162367,
        "activity_lines": [
          423.333333,
          434.909091,
          442.709524,
          446.202151
        ]
      },
      {
        "date": "2023-11-03",
        "close": 418.0,
        "volume": 11700,
        "typical_volume": 71375.0,
        "trend": 449.333333,
        "fair_value": 526.423077,
        "relative_strength": -15.866269,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.38779,
        "energy": 72.090789,
        "activity_lines": [
          419.533333,
          430.272727,
          439.919048,
          444.109677
        ]
      },
      {
        "date": "2023-11-10",
        "close": 415.0,
        "volume": 26100,
        "typical_volume": 68850.0,
        "trend": 447.633333,
        "fair_value": 524.705128,
        "relative_strength": -17.558427,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.80463,
        "energy": 71.780708,
        "activity_lines": [
          416.733333,
          425.818182,
          437.02381,
          441.894624
        ]
      },
      {
        "date": "2023-11-17",
        "close": 403.0,
        "volume": 21100,
        "typical_volume": 66360.0,
        "trend": 445.633333,
        "fair_value": 523.012821,
        "relative_strength": -21.846663,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.02143,
        "energy": 74.407794,
        "activity_lines": [
          411.266667,
          420.090909,
          433.171429,
          439.015054
        ]
      },
      {
        "date": "2023-11-24",
        "close": 403.0,
        "volume": 30900,
        "typical_volume": 66120.0,
        "trend": 443.666667,
        "fair_value": 521.314103,
        "relative_strength": -21.383248,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.443779,
        "energy": 69.477175,
        "activity_lines": [
          407.933333,
          415.454545,
          429.595238,
          436.264516
        ]
      },
      {
        "date": "2023-12-01",
        "close": 401.0,
        "volume": 23000,
        "typical_volume": 66005.0,
        "trend": 441.733333,
        "fair_value": 519.762821,
        "relative_strength": -20.77321,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.254252,
        "energy": 71.109501,
        "activity_lines": [
          404.933333,
          411.345455,
          426.066667,
          433.511828
        ]
      },
      {
        "date": "2023-12-08",
        "close": 397.0,
        "volume": 35300,
        "typical_volume": 66560.0,
        "trend": 439.533333,
        "fair_value": 518.282051,
        "relative_strength": -18.325545,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.402525,
        "energy": 75.222873,
        "activity_lines": [
          401.266667,
          407.4,
          422.395238,
          430.625806
        ]
      },
      {
        "date": "2023-12-15",
        "close": 381.0,
        "volume": 59500,
        "typical_volume": 67460.0,
        "trend": 437.3,
        "fair_value": 516.762821,
        "relative_strength": -22.610863,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -82.851026,
        "energy": 82.014285,
        "activity_lines": [
          393.666667,
          401.472727,
          417.438095,
          426.849462
        ]
      },
      {
        "date": "2023-12-22",
        "close": 392.0,
        "volume": 386800,
        "typical_volume": 84975.0,
        "trend": 435.666667,
        "fair_value": 515.179487,
        "relative_strength": -20.266131,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.809041,
        "energy": 55.855468,
        "activity_lines": [
          392.0,
          398.527273,
          413.828571,
          423.926882
        ]
      },
      {
        "date": "2023-12-29",
        "close": 369.0,
        "volume": 199100,
        "typical_volume": 93575.0,
        "trend": 433.233333,
        "fair_value": 513.25,
        "relative_strength": -24.903362,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -78.945224,
        "energy": 62.068112,
        "activity_lines": [
          383.4,
          392.181818,
          408.309524,
          419.625806
        ]
      },
      {
        "date": "2024-01-05",
        "close": 380.0,
        "volume": 17400,
        "typical_volume": 91965.0,
        "trend": 430.166667,
        "fair_value": 511.442308,
        "relative_strength": -21.760335,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.484779,
        "energy": 56.729582,
        "activity_lines": [
          380.733333,
          388.727273,
          404.238095,
          416.191398
        ]
      },
      {
        "date": "2024-01-12",
        "close": 382.0,
        "volume": 66800,
        "typical_volume": 93555.0,
        "trend": 427.7,
        "fair_value": 509.833333,
        "relative_strength": -25.481707,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.975679,
        "energy": 59.822464,
        "activity_lines": [
          380.133333,
          386.2,
          400.647619,
          413.083871
        ]
      },
      {
        "date": "2024-01-19",
        "close": 387.0,
        "volume": 62200,
        "typical_volume": 94225.0,
        "trend": 425.466667,
        "fair_value": 507.846154,
        "relative_strength": -24.607358,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.602009,
        "energy": 59.67131,
        "activity_lines": [
          382.2,
          385.236364,
          397.895238,
          410.458065
        ]
      },
      {
        "date": "2024-01-26",
        "close": 376.0,
        "volume": 400600,
        "typical_volume": 111390.0,
        "trend": 422.633333,
        "fair_value": 506.083333,
        "relative_strength": -25.586861,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.165331,
        "energy": 47.091252,
        "activity_lines": [
          380.2,
          382.781818,
          394.466667,
          407.266667
        ]
      },
      {
        "date": "2024-02-02",
        "close": 376.0,
        "volume": 51700,
        "typical_volume": 112825.0,
        "trend": 420.066667,
        "fair_value": 504.173077,
        "relative_strength": -25.607745,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.072089,
        "energy": 44.090363,
        "activity_lines": [
          379.266667,
          380.818182,
          391.452381,
          404.258065
        ]
      },
      {
        "date": "2024-02-09",
        "close": 380.0,
        "volume": 485400,
        "typical_volume": 136235.0,
        "trend": 417.7,
        "fair_value": 502.378205,
        "relative_strength": -25.653852,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.162916,
        "energy": 36.482547,
        "activity_lines": [
          379.2,
          380.072727,
          389.180952,
          401.673118
        ]
      },
      {
        "date": "2024-02-16",
        "close": 389.0,
        "volume": 82200,
        "typical_volume": 138010.0,
        "trend": 415.766667,
        "fair_value": 500.75641,
        "relative_strength": -26.327109,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.38349,
        "energy": 28.81029,
        "activity_lines": [
          382.133333,
          381.345455,
          388.1,
          399.821505
        ]
      },
      {
        "date": "2024-02-23",
        "close": 395.0,
        "volume": 60600,
        "typical_volume": 139185.0,
        "trend": 414.133333,
        "fair_value": 499.282051,
        "relative_strength": -25.648291,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.304167,
        "energy": 20.30191,
        "activity_lines": [
          386.6,
          383.854545,
          387.871429,
          398.48172
        ]
      },
      {
        "date": "2024-03-01",
        "close": 399.0,
        "volume": 580000,
        "typical_volume": 135405.0,
        "trend": 412.4,
        "fair_value": 497.884615,
        "relative_strength": -25.712872,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -28.173601,
        "energy": 15.4782,
        "activity_lines": [
          391.866667,
          386.836364,
          388.214286,
          397.505376
        ]
      },
      {
        "date": "2024-03-08",
        "close": 410.0,
        "volume": 158300,
        "typical_volume": 140260.0,
        "trend": 410.966667,
        "fair_value": 496.474359,
        "relative_strength": -22.521097,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -4.152118,
        "energy": 10.832049,
        "activity_lines": [
          399.266667,
          391.690909,
          389.77619,
          397.350538
        ]
      },
      {
        "date": "2024-03-15",
        "close": 426.0,
        "volume": 174300,
        "typical_volume": 146650.0,
        "trend": 410.466667,
        "fair_value": 495.064103,
        "relative_strength": -16.788481,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 7.092122,
        "energy": 17.523183,
        "activity_lines": [
          409.733333,
          398.709091,
          392.9,
          398.32043
        ]
      },
      {
        "date": "2024-03-22",
        "close": 419.0,
        "volume": 59300,
        "typical_volume": 149030.0,
        "trend": 409.166667,
        "fair_value": 493.608974,
        "relative_strength": -21.796954,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 21.356261,
        "energy": 27.984842,
        "activity_lines": [
          414.8,
          403.618182,
          395.285714,
          398.870968
        ]
      },
      {
        "date": "2024-03-29",
        "close": 411.0,
        "volume": 101400,
        "typical_volume": 152795.0,
        "trend": 407.366667,
        "fair_value": 492.141026,
        "relative_strength": -21.625005,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 18.592773,
        "energy": 34.539197,
        "activity_lines": [
          415.2,
          406.4,
          396.904762,
          398.989247
        ]
      },
      {
        "date": "2024-04-05",
        "close": 419.0,
        "volume": 93200,
        "typical_volume": 156400.0,
        "trend": 405.9,
        "fair_value": 490.724359,
        "relative_strength": -16.580107,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 20.981344,
        "energy": 34.465979,
        "activity_lines": [
          417.2,
          410.2,
          399.304762,
          399.739785
        ]
      },
      {
        "date": "2024-04-12",
        "close": 415.0,
        "volume": 30000,
        "typical_volume": 156355.0,
        "trend": 404.666667,
        "fair_value": 489.217949,
        "relative_strength": -17.768796,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 25.108571,
        "energy": 21.108701,
        "activity_lines": [
          416.533333,
          412.490909,
          401.247619,
          400.326882
        ]
      },
      {
        "date": "2024-04-19",
        "close": 410.0,
        "volume": 18800,
        "typical_volume": 156145.0,
        "trend": 403.333333,
        "fair_value": 487.724359,
        "relative_strength": -12.701736,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 21.648144,
        "energy": 15.820221,
        "activity_lines": [
          413.866667,
          413.163636,
          402.657143,
          400.670968
        ]
      },
      {
        "date": "2024-04-26",
        "close": 420.0,
        "volume": 1424200,
        "typical_volume": 225590.0,
        "trend": 402.4,
        "fair_value": 486.358974,
        "relative_strength": -11.955001,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 24.535998,
        "energy": 16.822443,
        "activity_lines": [
          415.6,
          415.109091,
          404.97619,
          401.746237
        ]
      },
      {
        "date": "2024-05-03",
        "close": 403.0,
        "volume": 116100,
        "typical_volume": 228420.0,
        "trend": 401.333333,
        "fair_value": 484.903846,
        "relative_strength": -15.512321,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 34.846272,
        "energy": 16.539954,
        "activity_lines": [
          411.6,
          413.4,
          405.566667,
          401.784946
        ]
      },
      {
        "date": "2024-05-10",
        "close": 405.0,
        "volume": 44100,
        "typical_volume": 211285.0,
        "trend": 400.333333,
        "fair_value": 483.461538,
        "relative_strength": -14.39657,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.105558,
        "energy": 14.871642,
        "activity_lines": [
          408.8,
          411.909091,
          406.242857,
          402.021505
        ]
      },
      {
        "date": "2024-05-17",
        "close": 402.0,
        "volume": 147000,
        "typical_volume": 208680.0,
        "trend": 399.8,
        "fair_value": 482.064103,
        "relative_strength": -15.706474,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 28.202299,
        "energy": 13.416756,
        "activity_lines": [
          405.933333,
          409.763636,
          406.571429,
          402.129032
        ]
      },
      {
        "date": "2024-05-24",
        "close": 402.0,
        "volume": 32300,
        "typical_volume": 209425.0,
        "trend": 399.5,
        "fair_value": 480.679487,
        "relative_strength": -14.884175,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 24.29129,
        "energy": 14.122016,
        "activity_lines": [
          403.933333,
          407.763636,
          406.742857,
          402.270968
        ]
      },
      {
        "date": "2024-05-31",
        "close": 397.0,
        "volume": 19400,
        "typical_volume": 207055.0,
        "trend": 398.8,
        "fair_value": 479.115385,
        "relative_strength": -15.102199,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 8.937609,
        "energy": 9.707493,
        "activity_lines": [
          400.8,
          405.290909,
          406.333333,
          402.109677
        ]
      },
      {
        "date": "2024-06-07",
        "close": 397.0,
        "volume": 9200,
        "typical_volume": 204405.0,
        "trend": 398.2,
        "fair_value": 477.557692,
        "relative_strength": -14.944627,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 5.785024,
        "energy": 10.089377,
        "activity_lines": [
          399.2,
          403.218182,
          405.852381,
          401.993548
        ]
      },
      {
        "date": "2024-06-14",
        "close": 401.0,
        "volume": 25000,
        "typical_volume": 185625.0,
        "trend": 398.133333,
        "fair_value": 476.057692,
        "relative_strength": -13.938184,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 7.604339,
        "energy": 12.417215,
        "activity_lines": [
          399.333333,
          402.127273,
          405.704762,
          402.174194
        ]
      },
      {
        "date": "2024-06-21",
        "close": 403.0,
        "volume": 23900,
        "typical_volume": 184235.0,
        "trend": 398.133333,
        "fair_value": 474.628205,
        "relative_strength": -12.542767,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 8.245662,
        "energy": 12.154884,
        "activity_lines": [
          400.4,
          401.727273,
          405.628571,
          402.488172
        ]
      },
      {
        "date": "2024-06-28",
        "close": 394.0,
        "volume": 65100,
        "typical_volume": 163220.0,
        "trend": 397.9,
        "fair_value": 473.147436,
        "relative_strength": -16.095089,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 2.524348,
        "energy": 10.682557,
        "activity_lines": [
          398.4,
          399.909091,
          404.566667,
          402.221505
        ]
      },
      {
        "date": "2024-07-05",
        "close": 390.0,
        "volume": 21700,
        "typical_volume": 160195.0,
        "trend": 397.666667,
        "fair_value": 471.641026,
        "relative_strength": -19.06103,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -19.865013,
        "energy": 20.321904,
        "activity_lines": [
          395.6,
          397.654545,
          403.057143,
          401.711828
        ]
      },
      {
        "date": "2024-07-12",
        "close": 390.0,
        "volume": 13700,
        "typical_volume": 157850.0,
        "trend": 397.966667,
        "fair_value": 470.160256,
        "relative_strength": -19.018773,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -19.083909,
        "energy": 24.101664,
        "activity_lines": [
          393.266667,
          395.945455,
          401.542857,
          401.217204
        ]
      },
      {
        "date": "2024-07-19",
        "close": 386.0,
        "volume": 323000,
        "typical_volume": 145000.0,
        "trend": 397.766667,
        "fair_value": 468.762821,
        "relative_strength": -17.021338,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -28.397916,
        "energy": 29.893143,
        "activity_lines": [
          390.066667,
          393.745455,
          399.671429,
          400.445161
        ]
      },
      {
        "date": "2024-07-26",
        "close": 386.0,
        "volume": 56100,
        "typical_volume": 139890.0,
        "trend": 398.333333,
        "fair_value": 467.326923,
        "relative_strength": -11.256382,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -32.307686,
        "energy": 43.472746,
        "activity_lines": [
          387.866667,
          391.890909,
          397.861905,
          399.686022
        ]
      },
      {
        "date": "2024-08-02",
        "close": 373.0,
        "volume": 64900,
        "typical_volume": 134420.0,
        "trend": 398.1,
        "fair_value": 465.871795,
        "relative_strength": -9.501707,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -73.263736,
        "energy": 64.088629,
        "activity_lines": [
          382.466667,
          387.963636,
          394.928571,
          398.051613
        ]
      },
      {
        "date": "2024-08-09",
        "close": 348.0,
        "volume": 118300,
        "typical_volume": 137370.0,
        "trend": 396.966667,
        "fair_value": 464.384615,
        "relative_strength": -12.848454,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -83.349769,
        "energy": 74.132361,
        "activity_lines": [
          370.133333,
          380.018182,
          389.866667,
          394.819355
        ]
      },
      {
        "date": "2024-08-16",
        "close": 351.0,
        "volume": 25500,
        "typical_volume": 133575.0,
        "trend": 395.766667,
        "fair_value": 463.121795,
        "relative_strength": -18.452106,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.090669,
        "energy": 80.341752,
        "activity_lines": [
          361.6,
          373.509091,
          385.428571,
          391.853763
        ]
      },
      {
        "date": "2024-08-23",
        "close": 361.0,
        "volume": 14500,
        "typical_volume": 129640.0,
        "trend": 395.266667,
        "fair_value": 461.762821,
        "relative_strength": -16.064061,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.822183,
        "energy": 75.294733,
        "activity_lines": [
          359.0,
          369.654545,
          382.228571,
          389.610753
        ]
      },
      {
        "date": "2024-08-30",
        "close": 485.0,
        "volume": 8243400,
        "typical_volume": 540310.0,
        "trend": 398.9,
        "fair_value": 461.070513,
        "relative_strength": 12.260863,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 16.820794,
        "energy": 10.445567,
        "activity_lines": [
          399.4,
          389.072727,
          391.114286,
          395.4
        ]
      },
      {
        "date": "2024-09-06",
        "close": 562.0,
        "volume": 9116700,
        "typical_volume": 995205.0,
        "trend": 404.966667,
        "fair_value": 461.044872,
        "relative_strength": 37.854002,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 80.428624,
        "energy": 55.111989,
        "activity_lines": [
          458.866667,
          421.0,
          407.0,
          405.922581
        ]
      },
      {
        "date": "2024-09-13",
        "close": 535.0,
        "volume": 18023700,
        "typical_volume": 1825180.0,
        "trend": 409.833333,
        "fair_value": 460.820513,
        "relative_strength": 30.292258,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.759078,
        "energy": 56.028868,
        "activity_lines": [
          496.733333,
          444.963636,
          419.590476,
          414.311828
        ]
      },
      {
        "date": "2024-09-20",
        "close": 480.0,
        "volume": 1252000,
        "typical_volume": 1881975.0,
        "trend": 412.666667,
        "fair_value": 460.346154,
        "relative_strength": 13.584955,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.675815,
        "energy": 52.491955,
        "activity_lines": [
          503.8,
          456.290909,
          426.395238,
          418.83871
        ]
      },
      {
        "date": "2024-09-27",
        "close": 454.0,
        "volume": 3203100,
        "typical_volume": 2039925.0,
        "trend": 414.5,
        "fair_value": 459.557692,
        "relative_strength": 2.220343,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.153081,
        "energy": 63.871308,
        "activity_lines": [
          493.6,
          461.254545,
          430.357143,
          421.505376
        ]
      },
      {
        "date": "2024-10-04",
        "close": 484.0,
        "volume": 3950500,
        "typical_volume": 2230100.0,
        "trend": 416.966667,
        "fair_value": 458.589744,
        "relative_strength": 12.635397,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 53.667827,
        "energy": 35.663814,
        "activity_lines": [
          487.2,
          470.436364,
          436.942857,
          425.989247
        ]
      },
      {
        "date": "2024-10-11",
        "close": 457.0,
        "volume": 5949800,
        "typical_volume": 2525975.0,
        "trend": 418.0,
        "fair_value": 457.711538,
        "relative_strength": 4.09278,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 38.035367,
        "energy": 20.752686,
        "activity_lines": [
          471.866667,
          472.927273,
          440.566667,
          428.572043
        ]
      },
      {
        "date": "2024-10-18",
        "close": 463.0,
        "volume": 687100,
        "typical_volume": 2559360.0,
        "trend": 419.466667,
        "fair_value": 456.897436,
        "relative_strength": 7.426256,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.848959,
        "energy": 17.400412,
        "activity_lines": [
          465.533333,
          474.981818,
          444.5,
          431.475269
        ]
      },
      {
        "date": "2024-10-25",
        "close": 418.0,
        "volume": 2087000,
        "typical_volume": 2663250.0,
        "trend": 419.7,
        "fair_value": 455.846154,
        "relative_strength": 0.106249,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 25.446464,
        "energy": 13.280915,
        "activity_lines": [
          449.0,
          466.763636,
          443.833333,
          431.380645
        ]
      },
      {
        "date": "2024-11-01",
        "close": 424.0,
        "volume": 293500,
        "typical_volume": 2676675.0,
        "trend": 419.866667,
        "fair_value": 454.782051,
        "relative_strength": 1.514298,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 22.67942,
        "energy": 13.965042,
        "activity_lines": [
          438.6,
          458.418182,
          443.638095,
          431.658065
        ]
      },
      {
        "date": "2024-11-08",
        "close": 418.0,
        "volume": 331600,
        "typical_volume": 2692060.0,
        "trend": 419.966667,
        "fair_value": 453.891026,
        "relative_strength": -3.221251,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.198807,
        "energy": 13.150908,
        "activity_lines": [
          428.2,
          447.836364,
          442.761905,
          431.537634
        ]
      },
      {
        "date": "2024-11-15",
        "close": 419.0,
        "volume": 676000,
        "typical_volume": 2722605.0,
        "trend": 420.266667,
        "fair_value": 452.961538,
        "relative_strength": -0.635028,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 7.71536,
        "energy": 10.607786,
        "activity_lines": [
          422.533333,
          438.654545,
          441.909524,
          431.475269
        ]
      },
      {
        "date": "2024-11-22",
        "close": 407.0,
        "volume": 554700,
        "typical_volume": 2749255.0,
        "trend": 419.833333,
        "fair_value": 451.987179,
        "relative_strength": -2.342565,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -13.627428,
        "energy": 12.506695,
        "activity_lines": [
          415.4,
          429.890909,
          439.795238,
          430.619355
        ]
      },
      {
        "date": "2024-11-29",
        "close": 398.0,
        "volume": 210000,
        "typical_volume": 2759070.0,
        "trend": 419.666667,
        "fair_value": 451.083333,
        "relative_strength": -4.045073,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -18.23567,
        "energy": 18.997994,
        "activity_lines": [
          409.0,
          421.818182,
          436.742857,
          429.210753
        ]
      },
      {
        "date": "2024-12-06",
        "close": 392.0,
        "volume": 345900,
        "typical_volume": 2760215.0,
        "trend": 419.233333,
        "fair_value": 450.288462,
        "relative_strength": -7.255407,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -20.321233,
        "energy": 27.692965,
        "activity_lines": [
          401.933333,
          414.145455,
          433.080952,
          427.425806
        ]
      },
      {
        "date": "2024-12-13",
        "close": 373.0,
        "volume": 132800,
        "typical_volume": 2764050.0,
        "trend": 418.266667,
        "fair_value": 449.525641,
        "relative_strength": -12.270105,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -28.603793,
        "energy": 41.631848,
        "activity_lines": [
          390.666667,
          404.145455,
          427.580952,
          424.443011
        ]
      },
      {
        "date": "2024-12-20",
        "close": 372.0,
        "volume": 144800,
        "typical_volume": 2768045.0,
        "trend": 417.266667,
        "fair_value": 448.839744,
        "relative_strength": -10.414969,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -27.853619,
        "energy": 44.892262,
        "activity_lines": [
          382.066667,
          395.981818,
          422.047619,
          421.458065
        ]
      },
      {
        "date": "2024-12-27",
        "close": 383.0,
        "volume": 158300,
        "typical_volume": 2770045.0,
        "trend": 416.8,
        "fair_value": 448.326923,
        "relative_strength": -11.140218,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -31.906164,
        "energy": 47.235301,
        "activity_lines": [
          380.266667,
          391.363636,
          417.566667,
          419.247312
        ]
      },
      {
        "date": "2025-01-03",
        "close": 376.0,
        "volume": 29800,
        "typical_volume": 2770260.0,
        "trend": 416.1,
        "fair_value": 447.775641,
        "relative_strength": -11.607495,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.958388,
        "energy": 49.881982,
        "activity_lines": [
          377.733333,
          386.927273,
          412.252381,
          416.615054
        ]
      },
      {
        "date": "2025-01-10",
        "close": 383.0,
        "volume": 88300,
        "typical_volume": 2773950.0,
        "trend": 415.5,
        "fair_value": 447.339744,
        "relative_strength": -8.18445,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.792849,
        "energy": 52.425877,
        "activity_lines": [
          379.0,
          384.527273,
          407.485714,
          414.47957
        ]
      },
      {
        "date": "2025-01-17",
        "close": 399.0,
        "volume": 79000,
        "typical_volume": 2365730.0,
        "trend": 415.366667,
        "fair_value": 446.980769,
        "relative_strength": -2.442916,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -43.922194,
        "energy": 30.722248,
        "activity_lines": [
          386.2,
          385.781818,
          404.138095,
          413.415054
        ]
      },
      {
        "date": "2025-01-24",
        "close": 392.0,
        "volume": 100700,
        "typical_volume": 1914930.0,
        "trend": 415.3,
        "fair_value": 446.74359,
        "relative_strength": -7.590986,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -42.269318,
        "energy": 33.734642,
        "activity_lines": [
          389.333333,
          386.109091,
          400.533333,
          411.907527
        ]
      },
      {
        "date": "2025-01-31",
        "close": 388.0,
        "volume": 55100,
        "typical_volume": 1016500.0,
        "trend": 415.233333,
        "fair_value": 445.198718,
        "relative_strength": -7.603665,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -39.039011,
        "energy": 24.901532,
        "activity_lines": [
          389.8,
          386.2,
          397.357143,
          410.146237
        ]
      },
      {
        "date": "2025-02-07",
        "close": 381.0,
        "volume": 49200,
        "typical_volume": 956360.0,
        "trend": 414.933333,
        "fair_value": 442.583333,
        "relative_strength": -7.353355,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -44.238292,
        "energy": 26.51096,
        "activity_lines": [
          387.6,
          385.363636,
          394.214286,
          407.937634
        ]
      },
      {
        "date": "2025-02-14",
        "close": 376.0,
        "volume": 131600,
        "typical_volume": 802785.0,
        "trend": 414.6,
        "fair_value": 440.935897,
        "relative_strength": -9.332852,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.082641,
        "energy": 42.23313,
        "activity_lines": [
          383.4,
          383.927273,
          391.066667,
          405.425806
        ]
      },
      {
        "date": "2025-02-21",
        "close": 370.0,
        "volume": 65600,
        "typical_volume": 608540.0,
        "trend": 414.066667,
        "fair_value": 440.012821,
        "relative_strength": -9.830808,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.365731,
        "energy": 52.828656,
        "activity_lines": [
          377.666667,
          381.690909,
          387.719048,
          402.548387
        ]
      },
      {
        "date": "2025-02-28",
        "close": 350.0,
        "volume": 85400,
        "typical_volume": 315320.0,
        "trend": 413.3,
        "fair_value": 439.134615,
        "relative_strength": -10.889086,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.1535,
        "energy": 73.435985,
        "activity_lines": [
          367.2,
          375.872727,
          383.009524,
          398.415054
        ]
      },
      {
        "date": "2025-03-07",
        "close": 352.0,
        "volume": 64300,
        "typical_volume": 284180.0,
        "trend": 413.433333,
        "fair_value": 438.346154,
        "relative_strength": -9.598409,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.59645,
        "energy": 80.80195,
        "activity_lines": [
          360.2,
          370.818182,
          379.0,
          394.460215
        ]
      },
      {
        "date": "2025-03-14",
        "close": 433.0,
        "volume": 1530400,
        "typical_volume": 256350.0,
        "trend": 416.166667,
        "fair_value": 437.961538,
        "relative_strength": 10.569191,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -15.471786,
        "energy": 17.225819,
        "activity_lines": [
          382.6,
          381.054545,
          383.233333,
          395.722581
        ]
      },
      {
        "date": "2025-03-21",
        "close": 376.0,
        "volume": 1952100,
        "typical_volume": 339280.0,
        "trend": 416.666667,
        "fair_value": 437.217949,
        "relative_strength": -5.530118,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.406322,
        "energy": 20.86087,
        "activity_lines": [
          382.533333,
          379.890909,
          381.966667,
          393.131183
        ]
      },
      {
        "date": "2025-03-28",
        "close": 368.0,
        "volume": 208200,
        "typical_volume": 333110.0,
        "trend": 412.766667,
        "fair_value": 436.448718,
        "relative_strength": -6.107721,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -43.23992,
        "energy": 19.558199,
        "activity_lines": [
          379.8,
          377.4,
          380.166667,
          389.991398
        ]
      },
      {
        "date": "2025-04-04",
        "close": 317.0,
        "volume": 222100,
        "typical_volume": 310415.0,
        "trend": 404.6,
        "fair_value": 435.371795,
        "relative_strength": -10.902713,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.846196,
        "energy": 37.218639,
        "activity_lines": [
          360.2,
          366.2,
          373.747619,
          383.812903
        ]
      },
      {
        "date": "2025-04-11",
        "close": 318.0,
        "volume": 164400,
        "typical_volume": 290900.0,
        "trend": 397.366667,
        "fair_value": 434.307692,
        "relative_strength": -9.933047,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.085161,
        "energy": 66.329878,
        "activity_lines": [
          343.133333,
          356.545455,
          367.909524,
          378.225806
        ]
      },
      {
        "date": "2025-04-18",
        "close": 330.0,
        "volume": 1014300,
        "typical_volume": 331115.0,
        "trend": 392.366667,
        "fair_value": 433.442308,
        "relative_strength": -9.356423,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.67847,
        "energy": 66.961092,
        "activity_lines": [
          332.333333,
          350.345455,
          363.638095,
          373.87957
        ]
      },
      {
        "date": "2025-04-25",
        "close": 354.0,
        "volume": 1513100,
        "typical_volume": 389475.0,
        "trend": 389.033333,
        "fair_value": 432.794872,
        "relative_strength": -5.219356,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.261072,
        "energy": 58.716755,
        "activity_lines": [
          336.4,
          349.436364,
          361.97619,
          371.404301
        ]
      },
      {
        "date": "2025-05-02",
        "close": 346.0,
        "volume": 68900,
        "typical_volume": 386280.0,
        "trend": 384.433333,
        "fair_value": 432.032051,
        "relative_strength": -10.001317,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.841814,
        "energy": 36.963573,
        "activity_lines": [
          339.266667,
          347.472727,
          359.733333,
          368.627957
        ]
      },
      {
        "date": "2025-05-09",
        "close": 360.0,
        "volume": 36000,
        "typical_volume": 380840.0,
        "trend": 381.2,
        "fair_value": 431.50641,
        "relative_strength": -7.870363,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.950655,
        "energy": 24.918169,
        "activity_lines": [
          348.266667,
          348.490909,
          358.952381,
          367.051613
        ]
      },
      {
        "date": "2025-05-16",
        "close": 356.0,
        "volume": 63400,
        "typical_volume": 376095.0,
        "trend": 377.633333,
        "fair_value": 430.891026,
        "relative_strength": -9.341864,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -33.893427,
        "energy": 16.420038,
        "activity_lines": [
          353.066667,
          348.6,
          357.847619,
          365.425806
        ]
      },
      {
        "date": "2025-05-23",
        "close": 368.0,
        "volume": 78600,
        "typical_volume": 378535.0,
        "trend": 375.966667,
        "fair_value": 430.423077,
        "relative_strength": -4.701933,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -26.65496,
        "energy": 14.895747,
        "activity_lines": [
          359.333333,
          350.818182,
          358.014286,
          364.804301
        ]
      },
      {
        "date": "2025-05-30",
        "close": 365.0,
        "volume": 414700,
        "typical_volume": 394855.0,
        "trend": 374.0,
        "fair_value": 429.724359,
        "relative_strength": -7.361953,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -23.248058,
        "energy": 14.207657,
        "activity_lines": [
          362.066667,
          353.672727,
          357.933333,
          364.096774
        ]
      },
      {
        "date": "2025-06-06",
        "close": 370.0,
        "volume": 149400,
        "typical_volume": 398375.0,
        "trend": 372.4,
        "fair_value": 429.102564,
        "relative_strength": -5.456415,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -18.573689,
        "energy": 11.998174,
        "activity_lines": [
          365.733333,
          357.636364,
          358.414286,
          363.83871
        ]
      },
      {
        "date": "2025-06-13",
        "close": 373.0,
        "volume": 36600,
        "typical_volume": 395170.0,
        "trend": 370.866667,
        "fair_value": 428.692308,
        "relative_strength": -4.839854,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -5.489311,
        "energy": 9.764098,
        "activity_lines": [
          368.8,
          362.109091,
          359.319048,
          363.877419
        ]
      },
      {
        "date": "2025-06-20",
        "close": 391.0,
        "volume": 233000,
        "typical_volume": 404065.0,
        "trend": 370.333333,
        "fair_value": 427.974359,
        "relative_strength": -1.678161,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 25.743236,
        "energy": 26.602549,
        "activity_lines": [
          377.0,
          368.836364,
          362.028571,
          365.176344
        ]
      },
      {
        "date": "2025-06-27",
        "close": 373.0,
        "volume": 861800,
        "typical_volume": 444695.0,
        "trend": 369.5,
        "fair_value": 427.205128,
        "relative_strength": -10.1762,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 14.788476,
        "energy": 21.278997,
        "activity_lines": [
          376.866667,
          370.963636,
          363.009524,
          365.348387
        ]
      },
      {
        "date": "2025-07-04",
        "close": 449.0,
        "volume": 124600,
        "typical_volume": 444345.0,
        "trend": 371.4,
        "fair_value": 427.096154,
        "relative_strength": 8.696056,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 53.904191,
        "energy": 57.403655,
        "activity_lines": [
          401.733333,
          386.127273,
          371.266667,
          370.477419
        ]
      },
      {
        "date": "2025-07-11",
        "close": 647.0,
        "volume": 6124000,
        "typical_volume": 747265.0,
        "trend": 380.533333,
        "fair_value": 428.166667,
        "relative_strength": 55.598703,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 96.426196,
        "energy": 93.786872,
        "activity_lines": [
          487.0,
          435.563636,
          398.033333,
          388.258065
        ]
      },
      {
        "date": "2025-07-18",
        "close": 606.0,
        "volume": 5072300,
        "typical_volume": 996610.0,
        "trend": 388.333333,
        "fair_value": 428.942308,
        "relative_strength": 43.360547,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 90.174794,
        "energy": 95.60341,
        "activity_lines": [
          540.133333,
          472.072727,
          419.57619,
          402.804301
        ]
      },
      {
        "date": "2025-07-25",
        "close": 645.0,
        "volume": 1994100,
        "typical_volume": 1093100.0,
        "trend": 397.066667,
        "fair_value": 430.038462,
        "relative_strength": 45.164388,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 87.445605,
        "energy": 95.293591,
        "activity_lines": [
          590.733333,
          511.2,
          443.614286,
          419.363441
        ]
      },
      {
        "date": "2025-08-01",
        "close": 716.0,
        "volume": 12361100,
        "typical_volume": 1634635.0,
        "trend": 408.4,
        "fair_value": 431.50641,
        "relative_strength": 61.65975,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 86.823713,
        "energy": 94.930453,
        "activity_lines": [
          648.066667,
          557.981818,
          473.019048,
          439.939785
        ]
      },
      {
        "date": "2025-08-08",
        "close": 885.0,
        "volume": 9767400,
        "typical_volume": 2025400.0,
        "trend": 425.133333,
        "fair_value": 434.211538,
        "relative_strength": 91.137968,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 94.313478,
        "energy": 95.561484,
        "activity_lines": [
          738.866667,
          629.163636,
          517.171429,
          470.688172
        ]
      },
      {
        "date": "2025-08-15",
        "close": 1145.0,
        "volume": 1865800,
        "typical_volume": 2108280.0,
        "trend": 450.0,
        "fair_value": 438.557692,
        "relative_strength": 131.504688,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 97.770777,
        "energy": 95.735941,
        "activity_lines": [
          887.266667,
          738.163636,
          583.661905,
          517.131183
        ]
      },
      {
        "date": "2025-08-22",
        "close": 2081.0,
        "volume": 6099000,
        "typical_volume": 2402125.0,
        "trend": 506.3,
        "fair_value": 448.878205,
        "relative_strength": 301.42726,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 99.745362,
        "energy": 97.3863,
        "activity_lines": [
          1314.466667,
          1003.254545,
          735.595238,
          622.356989
        ]
      },
      {
        "date": "2025-08-29",
        "close": 1522.0,
        "volume": 4383900,
        "typical_volume": 2613100.0,
        "trend": 544.1,
        "fair_value": 455.50641,
        "relative_strength": 182.691588,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.680327,
        "energy": 80.593195,
        "activity_lines": [
          1457.0,
          1135.654545,
          825.890476,
          687.886022
        ]
      },
      {
        "date": "2025-09-05",
        "close": 1415.0,
        "volume": 1834700,
        "typical_volume": 2654120.0,
        "trend": 578.566667,
        "fair_value": 461.583333,
        "relative_strength": 154.214697,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.188247,
        "energy": 68.663134,
        "activity_lines": [
          1505.4,
          1228.036364,
          900.261905,
          744.073118
        ]
      },
      {
        "date": "2025-09-12",
        "close": 1202.0,
        "volume": 2217600,
        "typical_volume": 2689345.0,
        "trend": 606.1,
        "fair_value": 466.24359,
        "relative_strength": 103.806314,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.075971,
        "energy": 65.255543,
        "activity_lines": [
          1436.2,
          1262.745455,
          949.180952,
          784.294624
        ]
      },
      {
        "date": "2025-09-19",
        "close": 1417.0,
        "volume": 1800100,
        "typical_volume": 2775905.0,
        "trend": 641.0,
        "fair_value": 472.025641,
        "relative_strength": 132.424052,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.456162,
        "energy": 54.362591,
        "activity_lines": [
          1417.533333,
          1322.854545,
          1014.538095,
          836.610753
        ]
      },
      {
        "date": "2025-09-26",
        "close": 1150.0,
        "volume": 2863700,
        "typical_volume": 2917290.0,
        "trend": 667.666667,
        "fair_value": 476.397436,
        "relative_strength": 83.700361,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.732373,
        "energy": 35.828397,
        "activity_lines": [
          1291.733333,
          1320.418182,
          1049.366667,
          869.449462
        ]
      },
      {
        "date": "2025-10-03",
        "close": 1010.0,
        "volume": 895900,
        "typical_volume": 2958915.0,
        "trend": 689.6,
        "fair_value": 479.730769,
        "relative_strength": 57.778581,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.818812,
        "energy": 24.033562,
        "activity_lines": [
          1181.333333,
          1282.636364,
          1067.1,
          891.535484
        ]
      },
      {
        "date": "2025-10-10",
        "close": 1083.0,
        "volume": 3641600,
        "typical_volume": 3137065.0,
        "trend": 711.266667,
        "fair_value": 483.179487,
        "relative_strength": 58.627468,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.336604,
        "energy": 20.515446,
        "activity_lines": [
          1129.4,
          1251.490909,
          1088.671429,
          916.916129
        ]
      },
      {
        "date": "2025-10-17",
        "close": 1149.0,
        "volume": 540000,
        "typical_volume": 3143330.0,
        "trend": 737.033333,
        "fair_value": 487.371795,
        "relative_strength": 67.305778,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.522488,
        "energy": 20.982998,
        "activity_lines": [
          1121.6,
          1225.672727,
          1113.12381,
          945.156989
        ]
      },
      {
        "date": "2025-10-24",
        "close": 1150.0,
        "volume": 792400,
        "typical_volume": 3175480.0,
        "trend": 763.1,
        "fair_value": 491.628205,
        "relative_strength": 59.011403,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.54339,
        "energy": 17.830415,
        "activity_lines": [
          1117.666667,
          1195.236364,
          1133.938095,
          971.8
        ]
      },
      {
        "date": "2025-10-31",
        "close": 993.0,
        "volume": 728500,
        "typical_volume": 3210075.0,
        "trend": 785.633333,
        "fair_value": 494.916667,
        "relative_strength": 27.843243,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 28.325561,
        "energy": 14.85453,
        "activity_lines": [
          1079.2,
          1136.163636,
          1136.085714,
          986.632258
        ]
      },
      {
        "date": "2025-11-07",
        "close": 990.0,
        "volume": 1467400,
        "typical_volume": 3271795.0,
        "trend": 808.033333,
        "fair_value": 498.070513,
        "relative_strength": 31.317248,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 15.35683,
        "energy": 10.4425,
        "activity_lines": [
          1050.2,
          1096.327273,
          1134.995238,
          999.817204
        ]
      },
      {
        "date": "2025-11-14",
        "close": 827.0,
        "volume": 1651000,
        "typical_volume": 3311255.0,
        "trend": 824.6,
        "fair_value": 500.269231,
        "relative_strength": 8.701245,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 1.539922,
        "energy": 9.358048,
        "activity_lines": [
          968.2,
          1036.527273,
          1115.528571,
          1001.04086
        ]
      },
      {
        "date": "2025-11-21",
        "close": 886.0,
        "volume": 2669400,
        "typical_volume": 3438495.0,
        "trend": 842.333333,
        "fair_value": 502.75,
        "relative_strength": 19.494106,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 2.570759,
        "energy": 13.973701,
        "activity_lines": [
          922.933333,
          998.145455,
          1099.519048,
          1005.002151
        ]
      },
      {
        "date": "2025-11-28",
        "close": 889.0,
        "volume": 776000,
        "typical_volume": 3171095.0,
        "trend": 860.433333,
        "fair_value": 505.339744,
        "relative_strength": 14.959912,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 0.448861,
        "energy": 27.181312,
        "activity_lines": [
          896.2,
          966.054545,
          1081.714286,
          1008.012903
        ]
      },
      {
        "date": "2025-12-05",
        "close": 966.0,
        "volume": 1288800,
        "typical_volume": 2981920.0,
        "trend": 880.633333,
        "fair_value": 508.455128,
        "relative_strength": 22.929738,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 1.732571,
        "energy": 24.32723,
        "activity_lines": [
          912.533333,
          957.563636,
          1070.090476,
          1014.823656
        ]
      },
      {
        "date": "2025-12-12",
        "close": 1275.0,
        "volume": 2828000,
        "typical_volume": 3023615.0,
        "trend": 911.266667,
        "fair_value": 513.551282,
        "relative_strength": 58.098432,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.905989,
        "energy": 16.319168,
        "activity_lines": [
          1033.666667,
          1008.6,
          1086.180952,
          1040.266667
        ]
      },
      {
        "date": "2025-12-19",
        "close": 1148.0,
        "volume": 1063000,
        "typical_volume": 2458710.0,
        "trend": 937.266667,
        "fair_value": 517.961538,
        "relative_strength": 43.806121,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.111712,
        "energy": 20.233276,
        "activity_lines": [
          1093.466667,
          1031.727273,
          1087.17619,
          1055.539785
        ]
      },
      {
        "date": "2025-12-26",
        "close": 1151.0,
        "volume": 989000,
        "typical_volume": 2019790.0,
        "trend": 963.466667,
        "fair_value": 522.288462,
        "relative_strength": 38.474815,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.469483,
        "energy": 26.489597,
        "activity_lines": [
          1132.866667,
          1054.218182,
          1086.4,
          1069.329032
        ]
      },
      {
        "date": "2026-01-02",
        "close": 1127.0,
        "volume": 398100,
        "typical_volume": 1946405.0,
        "trend": 988.7,
        "fair_value": 526.474359,
        "relative_strength": 34.644765,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 37.45082,
        "energy": 27.670065,
        "activity_lines": [
          1146.6,
          1072.309091,
          1082.071429,
          1079.87957
        ]
      },
      {
        "date": "2026-01-09",
        "close": 1136.0,
        "volume": 739500,
        "typical_volume": 1678430.0,
        "trend": 1014.133333,
        "fair_value": 530.717949,
        "relative_strength": 29.722909,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 37.807904,
        "energy": 25.669655,
        "activity_lines": [
          1147.466667,
          1092.454545,
          1078.685714,
          1089.382796
        ]
      },
      {
        "date": "2026-01-16",
        "close": 967.0,
        "volume": 1874300,
        "typical_volume": 1552950.0,
        "trend": 1033.333333,
        "fair_value": 533.884615,
        "relative_strength": 5.429187,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 20.486598,
        "energy": 9.539407,
        "activity_lines": [
          1080.666667,
          1079.272727,
          1063.704762,
          1086.341935
        ]
      },
      {
        "date": "2026-01-23",
        "close": 1009.0,
        "volume": 845900,
        "typical_volume": 1503510.0,
        "trend": 1054.533333,
        "fair_value": 537.230769,
        "relative_strength": 9.090136,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -6.447509,
        "energy": 6.524632,
        "activity_lines": [
          1048.4,
          1074.145455,
          1055.366667,
          1084.772043
        ]
      },
      {
        "date": "2026-01-30",
        "close": 923.0,
        "volume": 822900,
        "typical_volume": 1433775.0,
        "trend": 1070.333333,
        "fair_value": 539.891026,
        "relative_strength": -0.066906,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -17.464553,
        "energy": 20.234076,
        "activity_lines": [
          996.733333,
          1050.072727,
          1040.771429,
          1076.286022
        ]
      },
      {
        "date": "2026-02-06",
        "close": 1041.0,
        "volume": 3001700,
        "typical_volume": 1493855.0,
        "trend": 1083.466667,
        "fair_value": 543.576923,
        "relative_strength": 9.635301,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -38.124469,
        "energy": 27.431901,
        "activity_lines": [
          999.6,
          1046.781818,
          1038.742857,
          1074.393548
        ]
      },
      {
        "date": "2026-02-13",
        "close": 999.0,
        "volume": 2174100,
        "typical_volume": 1459375.0,
        "trend": 1096.566667,
        "fair_value": 546.974359,
        "relative_strength": -0.622218,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -46.506736,
        "energy": 36.505185,
        "activity_lines": [
          994.2,
          1033.090909,
          1034.504762,
          1068.944086
        ]
      },
      {
        "date": "2026-02-20",
        "close": 1151.0,
        "volume": 4285900,
        "typical_volume": 1628875.0,
        "trend": 1113.433333,
        "fair_value": 551.371795,
        "relative_strength": 13.409113,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -14.338935,
        "energy": 7.661065,
        "activity_lines": [
          1048.6,
          1046.436364,
          1045.461905,
          1072.455914
        ]
      },
      {
        "date": "2026-02-27",
        "close": 1220.0,
        "volume": 1132100,
        "typical_volume": 1503400.0,
        "trend": 1130.233333,
        "fair_value": 556.192308,
        "relative_strength": 14.675743,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -3.223543,
        "energy": 8.309926,
        "activity_lines": [
          1113.733333,
          1074.581818,
          1062.319048,
          1079.331183
        ]
      },
      {
        "date": "2026-03-06",
        "close": 1189.0,
        "volume": 1978000,
        "typical_volume": 1575300.0,
        "trend": 1140.366667,
        "fair_value": 560.782051,
        "relative_strength": 16.780737,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 12.932101,
        "energy": 14.798582,
        "activity_lines": [
          1154.466667,
          1095.781818,
          1075.571429,
          1083.122581
        ]
      },
      {
        "date": "2026-03-13",
        "close": 1125.0,
        "volume": 737800,
        "typical_volume": 1572570.0,
        "trend": 1139.7,
        "fair_value": 565.089744,
        "relative_strength": 13.097681,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 21.542945,
        "energy": 20.235595,
        "activity_lines": [
          1156.133333,
          1104.654545,
          1082.538095,
          1082.131183
        ]
      },
      {
        "date": "2026-03-20",
        "close": 1065.0,
        "volume": 569700,
        "typical_volume": 1564630.0,
        "trend": 1105.833333,
        "fair_value": 569.0,
        "relative_strength": 6.853676,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 16.427703,
        "energy": 20.416745,
        "activity_lines": [
          1132.2,
          1102.654545,
          1083.909524,
          1077.311828
        ]
      },
      {
        "date": "2026-03-27",
        "close": 753.0,
        "volume": 2032800,
        "typical_volume": 1592900.0,
        "trend": 1080.2,
        "fair_value": 570.935897,
        "relative_strength": -24.775634,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -52.48961,
        "energy": 27.710742,
        "activity_lines": [
          999.866667,
          1045.218182,
          1055.22381,
          1054.548387
        ]
      },
      {
        "date": "2026-04-03",
        "close": 192.0,
        "volume": 6466000,
        "typical_volume": 1833650.0,
        "trend": 1039.433333,
        "fair_value": 569.275641,
        "relative_strength": -80.614481,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -84.477139,
        "energy": 77.281079,
        "activity_lines": [
          707.066667,
          889.672727,
          974.238095,
          997.245161
        ]
      },
      {
        "date": "2026-04-10",
        "close": 241.0,
        "volume": 14923700,
        "typical_volume": 2446365.0,
        "trend": 1007.4,
        "fair_value": 567.833333,
        "relative_strength": -77.168478,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -83.252907,
        "energy": 86.722971,
        "activity_lines": [
          499.133333,
          757.890909,
          900.942857,
          945.733333
        ]
      },
      {
        "date": "2026-04-17",
        "close": 236.0,
        "volume": 5976700,
        "typical_volume": 2706400.0,
        "trend": 968.033333,
        "fair_value": 566.378205,
        "relative_strength": -78.111398,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.151873,
        "energy": 90.145469,
        "activity_lines": [
          352.733333,
          637.6,
          830.242857,
          895.965591
        ]
      },
      {
        "date": "2026-04-24",
        "close": 220.0,
        "volume": 2175800,
        "typical_volume": 2750750.0,
        "trend": 937.033333,
        "fair_value": 564.826923,
        "relative_strength": -79.888481,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.20045,
        "energy": 89.939949,
        "activity_lines": [
          260.266667,
          529.036364,
          761.128571,
          847.705376
        ]
      },
      {
        "date": "2026-05-01",
        "close": 173.0,
        "volume": 776200,
        "typical_volume": 2648160.0,
        "trend": 909.133333,
        "fair_value": 562.99359,
        "relative_strength": -84.022254,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.753353,
        "energy": 89.12542,
        "activity_lines": [
          208.466667,
          426.090909,
          691.090476,
          798.412903
        ]
      },
      {
        "date": "2026-05-08",
        "close": 176.0,
        "volume": 1509100,
        "typical_volume": 2670465.0,
        "trend": 878.9,
        "fair_value": 561.153846,
        "relative_strength": -84.463178,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.935949,
        "energy": 86.150177,
        "activity_lines": [
          196.333333,
          341.472727,
          626.585714,
          751.113978
        ]
      },
      {
        "date": "2026-05-15",
        "close": 191.0,
        "volume": 6361800,
        "typical_volume": 2939105.0,
        "trend": 846.966667,
        "fair_value": 559.50641,
        "relative_strength": -82.66425,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.84153,
        "energy": 73.395266,
        "activity_lines": [
          190.266667,
          278.563636,
          568.138095,
          706.733333
        ]
      },
      {
        "date": "2026-05-22",
        "close": 173.0,
        "volume": 1286700,
        "typical_volume": 2983535.0,
        "trend": 814.4,
        "fair_value": 557.788462,
        "relative_strength": -84.658455,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.527251,
        "energy": 81.550021,
        "activity_lines": [
          181.533333,
          230.527273,
          512.547619,
          663.251613
        ]
      },
      {
        "date": "2026-05-29",
        "close": 160.0,
        "volume": 681900,
        "typical_volume": 2980655.0,
        "trend": 786.633333,
        "fair_value": 555.980769,
        "relative_strength": -86.344751,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.709989,
        "energy": 76.731435,
        "activity_lines": [
          172.666667,
          197.436364,
          460.261905,
          621.032258
        ]
      },
      {
        "date": "2026-06-05",
        "close": 141.0,
        "volume": 37600,
        "typical_volume": 2888820.0,
        "trend": 758.333333,
        "fair_value": 553.858974,
        "relative_strength": -87.911904,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.455369,
        "energy": 83.133897,
        "activity_lines": [
          161.466667,
          177.345455,
          410.814286,
          579.378495
        ]
      },
      {
        "date": "2026-06-12",
        "close": 117.0,
        "volume": 64000,
        "typical_volume": 2849725.0,
        "trend": 734.666667,
        "fair_value": 551.685897,
        "relative_strength": -89.792525,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.757975,
        "energy": 84.228338,
        "activity_lines": [
          144.4,
          164.018182,
          363.014286,
          538.002151
        ]
      },
      {
        "date": "2026-06-19",
        "close": 122.0,
        "volume": 169400,
        "typical_volume": 2817050.0,
        "trend": 709.2,
        "fair_value": 549.557692,
        "relative_strength": -90.044201,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.755529,
        "energy": 71.979971,
        "activity_lines": [
          132.933333,
          152.963636,
          319.938095,
          498.475269
        ]
      },
      {
        "date": "2026-06-26",
        "close": 125.0,
        "volume": 51700,
        "typical_volume": 2669550.0,
        "trend": 683.733333,
        "fair_value": 547.403846,
        "relative_strength": -89.433081,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.043044,
        "energy": 84.2193,
        "activity_lines": [
          127.066667,
          144.618182,
          280.961905,
          460.784946
        ]
      },
      {
        "date": "2026-07-03",
        "close": 128.0,
        "volume": 22800,
        "typical_volume": 2561985.0,
        "trend": 655.8,
        "fair_value": 545.320513,
        "relative_strength": -89.12311,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.401556,
        "energy": 88.390571,
        "activity_lines": [
          125.4,
          138.836364,
          246.633333,
          424.931183
        ]
      },
      {
        "date": "2026-07-10",
        "close": 127.0,
        "volume": 145400,
        "typical_volume": 2354960.0,
        "trend": 617.533333,
        "fair_value": 543.24359,
        "relative_strength": -88.836877,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.225028,
        "energy": 88.303615,
        "activity_lines": [
          125.533333,
          134.545455,
          216.357143,
          390.815054
        ]
      },
      {
        "date": "2026-07-17",
        "close": 107.0,
        "volume": 242600,
        "typical_volume": 2310485.0,
        "trend": 582.833333,
        "fair_value": 541.064103,
        "relative_strength": -89.786851,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.175891,
        "energy": 91.46275,
        "activity_lines": [
          119.933333,
          127.454545,
          189.052381,
          357.877419
        ]
      },
      {
        "date": "2026-07-24",
        "close": 97.0,
        "volume": 210000,
        "typical_volume": 2222085.0,
        "trend": 547.7,
        "fair_value": 538.839744,
        "relative_strength": -90.654025,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -78.081174,
        "energy": 92.143681,
        "activity_lines": [
          111.666667,
          119.8,
          166.095238,
          326.533333
        ]
      },
      {
        "date": "2026-07-31",
        "close": 85.0,
        "volume": 270700,
        "typical_volume": 2198730.0,
        "trend": 512.966667,
        "fair_value": 536.49359,
        "relative_strength": -91.615633,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -80.125998,
        "energy": 92.7309,
        "activity_lines": [
          101.066667,
          111.672727,
          147.195238,
          296.68172
        ]
      },
      {
        "date": "2026-08-07",
        "close": 85.0,
        "volume": 1344900,
        "typical_volume": 2237490.0,
        "trend": 477.933333,
        "fair_value": 534.134615,
        "relative_strength": -91.570241,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.808664,
        "energy": 71.091215,
        "activity_lines": [
          93.133333,
          105.145455,
          133.247619,
          269.070968
        ]
      }
    ],
    "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."
    }
  }
}