{
  "ticker": {
    "uuid": "7a87638e-8ea1-497c-91ae-811a891a8c11",
    "symbol": "SAREGAMA",
    "name": "Saregama India Limited",
    "exchange": "NSI",
    "country": "IN",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^NSEI",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 72.096,
    "architecture_energy": 60.071,
    "architecture_maturity": 55.954,
    "architecture_confidence": 92.199,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 3.29,
        "rotation_up": 67.03,
        "upward_expansion": 87.68,
        "deceleration": 61.14,
        "rotation_down": 21.23,
        "downward_expansion": 9.68
      },
      "activity_lines": [
        508.560006,
        496.487278,
        461.317146,
        430.813121
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 1.0
    },
    "latest_close": 519.200012,
    "trend_reference": 395.560002,
    "distance_from_trend": 0.31257,
    "trend_direction": "Improving",
    "fair_value": 439.411907,
    "distance_from_fair_value": 0.181579,
    "fair_value_direction": "Improving",
    "relative_strength": 27.886298,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.578116,
    "excess_performance": 0.621825,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.31257,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.105961,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.181579,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.342963,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.278863,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.38711,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.578116,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 5.151758,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 10646734,
      "relative_activity": 0.992904,
      "balance": 5.151758,
      "dry_up": 0.482193,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.084361,
      "annualized_volatility": 0.320179,
      "from_high_reference": -0.096258,
      "from_low_reference": 0.69093
    },
    "levels": {
      "trend_reference": 395.560002,
      "fair_value_reference": 439.411907,
      "structural_low": 307.049988,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 22,
        "median_return": 0.023371,
        "positive_rate": 0.545455,
        "directional_follow_through": 0.545455,
        "median_excess_return": -0.010977,
        "regime_survival": 0.727273,
        "best_return": 0.164304,
        "worst_return": -0.138012,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.038697,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.038814,
        "regime_survival": 0.375,
        "best_return": 0.563822,
        "worst_return": -0.158797,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.181948,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.104998,
        "regime_survival": 0.166667,
        "best_return": 0.483459,
        "worst_return": -0.235684,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.135181,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.005768,
        "regime_survival": 0.333333,
        "best_return": 0.248154,
        "worst_return": -0.029072,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-03-01",
        "end": "2024-03-08",
        "tenure": "New",
        "return": -0.039679,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-03-15",
        "end": "2024-03-22",
        "tenure": "New",
        "return": 0.036632,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-03-29",
        "end": "2024-04-19",
        "tenure": "New",
        "return": 0.235785,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-04-26",
        "end": "2024-08-02",
        "tenure": "Established",
        "return": 0.172449,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-09",
        "end": "2024-09-27",
        "tenure": "Developing",
        "return": 0.179375,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-04",
        "end": "2024-11-01",
        "tenure": "Developing",
        "return": -0.122862,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-08",
        "end": "2025-04-18",
        "tenure": "Established",
        "return": 0.130475,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-04-25",
        "end": "2025-05-02",
        "tenure": "New",
        "return": -0.039103,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-05-09",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": -0.083793,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-07-18",
        "end": "2025-08-29",
        "tenure": "Developing",
        "return": -0.053386,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-09-05",
        "end": "2026-05-01",
        "tenure": "Extended",
        "return": -0.290863,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-08",
        "end": "2026-05-15",
        "tenure": "New",
        "return": 0.153579,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-05-22",
        "end": "2026-06-05",
        "tenure": "New",
        "return": 0.183694,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-06-12",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.138971,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 386.763763,
        "volume": 576131,
        "typical_volume": 1803979.2,
        "trend": 333.368293,
        "fair_value": 295.734822,
        "relative_strength": 6.108995,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 44.311884,
        "energy": 32.149971,
        "activity_lines": [
          385.156095,
          387.324503,
          361.784,
          347.374779
        ]
      },
      {
        "date": "2023-08-25",
        "close": 374.237427,
        "volume": 778279,
        "typical_volume": 1822273.45,
        "trend": 334.798527,
        "fair_value": 297.817166,
        "relative_strength": 3.142281,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.823325,
        "energy": 25.786333,
        "activity_lines": [
          379.856482,
          385.994884,
          364.834937,
          350.011497
        ]
      },
      {
        "date": "2023-09-01",
        "close": 380.937561,
        "volume": 931752,
        "typical_volume": 1835290.7,
        "trend": 336.594917,
        "fair_value": 299.963608,
        "relative_strength": 4.325988,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.26975,
        "energy": 23.486866,
        "activity_lines": [
          379.568404,
          384.913037,
          368.21701,
          352.988209
        ]
      },
      {
        "date": "2023-09-08",
        "close": 388.851563,
        "volume": 2434663,
        "typical_volume": 1926187.35,
        "trend": 338.378243,
        "fair_value": 302.144839,
        "relative_strength": 4.717678,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.848283,
        "energy": 25.242405,
        "activity_lines": [
          382.633659,
          385.107114,
          371.9692,
          356.359606
        ]
      },
      {
        "date": "2023-09-15",
        "close": 398.610413,
        "volume": 2652894,
        "typical_volume": 2035884.1,
        "trend": 341.24195,
        "fair_value": 304.371389,
        "relative_strength": 5.456608,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 55.847518,
        "energy": 31.867577,
        "activity_lines": [
          388.433974,
          387.007189,
          376.247948,
          360.245552
        ]
      },
      {
        "date": "2023-09-22",
        "close": 353.651459,
        "volume": 2214409,
        "typical_volume": 2130982.7,
        "trend": 342.819391,
        "fair_value": 306.306859,
        "relative_strength": -3.812607,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 29.902732,
        "energy": 18.006064,
        "activity_lines": [
          377.691079,
          380.439086,
          375.830396,
          361.046166
        ]
      },
      {
        "date": "2023-09-29",
        "close": 351.952148,
        "volume": 3433085,
        "typical_volume": 2281366.85,
        "trend": 344.130968,
        "fair_value": 308.238172,
        "relative_strength": -3.924037,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 12.672607,
        "energy": 8.886113,
        "activity_lines": [
          368.589233,
          374.485481,
          375.064534,
          361.635376
        ]
      },
      {
        "date": "2023-10-06",
        "close": 344.086731,
        "volume": 1112324,
        "typical_volume": 2305464.2,
        "trend": 345.087551,
        "fair_value": 310.105329,
        "relative_strength": -5.903302,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 1.710004,
        "energy": 11.470766,
        "activity_lines": [
          358.351268,
          368.264666,
          373.342217,
          361.632522
        ]
      },
      {
        "date": "2023-10-13",
        "close": 349.670197,
        "volume": 1011002,
        "typical_volume": 2318055.85,
        "trend": 346.678581,
        "fair_value": 312.019366,
        "relative_strength": -4.553937,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 2.843409,
        "energy": 18.595584,
        "activity_lines": [
          352.431179,
          363.924133,
          371.940843,
          361.928176
        ]
      },
      {
        "date": "2023-10-20",
        "close": 349.86438,
        "volume": 1669073,
        "typical_volume": 2336932.8,
        "trend": 348.282375,
        "fair_value": 313.916794,
        "relative_strength": -3.285267,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 1.75995,
        "energy": 26.081187,
        "activity_lines": [
          349.187909,
          360.190051,
          370.265052,
          362.133712
        ]
      },
      {
        "date": "2023-10-27",
        "close": 327.773315,
        "volume": 939273,
        "typical_volume": 2339152.05,
        "trend": 348.789563,
        "fair_value": 315.628962,
        "relative_strength": -6.786405,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -33.424332,
        "energy": 48.738559,
        "activity_lines": [
          341.830686,
          352.901097,
          366.23219,
          360.810546
        ]
      },
      {
        "date": "2023-11-03",
        "close": 325.15155,
        "volume": 3988687,
        "typical_volume": 2380994.6,
        "trend": 349.302171,
        "fair_value": 317.312499,
        "relative_strength": -8.14546,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -31.415645,
        "energy": 48.414274,
        "activity_lines": [
          335.324752,
          346.208012,
          361.793583,
          359.285513
        ]
      },
      {
        "date": "2023-11-10",
        "close": 324.908813,
        "volume": 1202614,
        "typical_volume": 2062337.55,
        "trend": 350.119733,
        "fair_value": 318.931916,
        "relative_strength": -8.827393,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -38.330889,
        "energy": 50.485617,
        "activity_lines": [
          330.524611,
          340.363263,
          357.311439,
          357.711748
        ]
      },
      {
        "date": "2023-11-17",
        "close": 361.225525,
        "volume": 3371866,
        "typical_volume": 2082796.45,
        "trend": 352.018859,
        "fair_value": 320.797075,
        "relative_strength": -0.110191,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -24.697092,
        "energy": 25.258576,
        "activity_lines": [
          339.108569,
          342.140257,
          356.512146,
          358.428251
        ]
      },
      {
        "date": "2023-11-24",
        "close": 363.507507,
        "volume": 3526429,
        "typical_volume": 2180077.3,
        "trend": 353.750222,
        "fair_value": 322.667214,
        "relative_strength": 0.268239,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -5.803818,
        "energy": 9.599998,
        "activity_lines": [
          347.682833,
          344.834449,
          356.04384,
          359.169454
        ]
      },
      {
        "date": "2023-12-01",
        "close": 362.342224,
        "volume": 1494403,
        "typical_volume": 2139250.3,
        "trend": 355.34521,
        "fair_value": 324.541384,
        "relative_strength": -2.260702,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 0.331096,
        "energy": 7.317612,
        "activity_lines": [
          354.959127,
          347.955005,
          355.554757,
          359.723777
        ]
      },
      {
        "date": "2023-12-08",
        "close": 360.400146,
        "volume": 1952237,
        "typical_volume": 1840161.35,
        "trend": 357.078392,
        "fair_value": 326.41193,
        "relative_strength": -5.872579,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 5.85231,
        "energy": 14.160482,
        "activity_lines": [
          359.283467,
          350.564443,
          355.081189,
          360.049902
        ]
      },
      {
        "date": "2023-12-15",
        "close": 360.934265,
        "volume": 2105256,
        "typical_volume": 1824632.35,
        "trend": 359.115681,
        "fair_value": 328.299694,
        "relative_strength": -7.655765,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 7.851119,
        "energy": 13.745095,
        "activity_lines": [
          361.435941,
          353.117393,
          354.922821,
          360.298668
        ]
      },
      {
        "date": "2023-12-22",
        "close": 339.231567,
        "volume": 1486699,
        "typical_volume": 1864974.55,
        "trend": 360.8181,
        "fair_value": 330.038397,
        "relative_strength": -12.498033,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -34.47109,
        "energy": 17.253129,
        "activity_lines": [
          353.952486,
          351.418079,
          352.843879,
          359.015822
        ]
      },
      {
        "date": "2023-12-29",
        "close": 359.963196,
        "volume": 2016585,
        "typical_volume": 1944883.05,
        "trend": 362.926843,
        "fair_value": 331.856961,
        "relative_strength": -8.458318,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -13.924755,
        "energy": 7.605221,
        "activity_lines": [
          354.845837,
          353.677946,
          352.938671,
          358.960667
        ]
      },
      {
        "date": "2024-01-05",
        "close": 362.827759,
        "volume": 1392298,
        "typical_volume": 1985691.4,
        "trend": 365.187702,
        "fair_value": 333.683298,
        "relative_strength": -7.360818,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -9.916143,
        "energy": 5.580207,
        "activity_lines": [
          356.93033,
          356.275028,
          353.379107,
          358.954274
        ]
      },
      {
        "date": "2024-01-12",
        "close": 354.671051,
        "volume": 1718096,
        "typical_volume": 2032682.25,
        "trend": 366.314618,
        "fair_value": 335.472673,
        "relative_strength": -9.962466,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -24.531517,
        "energy": 11.953472,
        "activity_lines": [
          356.263552,
          356.751718,
          353.156694,
          358.275781
        ]
      },
      {
        "date": "2024-01-19",
        "close": 335.687317,
        "volume": 1905307,
        "typical_volume": 2081360.0,
        "trend": 365.105084,
        "fair_value": 337.060528,
        "relative_strength": -13.420507,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -41.909419,
        "energy": 18.935472,
        "activity_lines": [
          349.650802,
          353.240102,
          351.219479,
          356.299826
        ]
      },
      {
        "date": "2024-01-26",
        "close": 338.9888,
        "volume": 2190592,
        "typical_volume": 2069156.45,
        "trend": 363.568279,
        "fair_value": 338.682342,
        "relative_strength": -11.183731,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -40.961666,
        "energy": 28.760459,
        "activity_lines": [
          345.821676,
          350.132783,
          349.812169,
          354.614904
        ]
      },
      {
        "date": "2024-02-02",
        "close": 339.619965,
        "volume": 2271064,
        "typical_volume": 2050064.95,
        "trend": 362.140606,
        "fair_value": 340.282964,
        "relative_strength": -12.798547,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -49.234308,
        "energy": 40.695604,
        "activity_lines": [
          342.219122,
          347.544525,
          348.702412,
          353.069852
        ]
      },
      {
        "date": "2024-02-09",
        "close": 347.291168,
        "volume": 2371047,
        "typical_volume": 2057896.85,
        "trend": 360.235579,
        "fair_value": 341.911024,
        "relative_strength": -10.262291,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -47.570091,
        "energy": 37.854948,
        "activity_lines": [
          342.529852,
          346.78535,
          348.604152,
          352.111823
        ]
      },
      {
        "date": "2024-02-16",
        "close": 395.114716,
        "volume": 6377101,
        "typical_volume": 2205097.65,
        "trend": 359.54241,
        "fair_value": 343.829525,
        "relative_strength": 0.844365,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 24.995895,
        "energy": 14.287353,
        "activity_lines": [
          359.817538,
          354.995021,
          353.090803,
          354.36209
        ]
      },
      {
        "date": "2024-02-23",
        "close": 397.859161,
        "volume": 3172408,
        "typical_volume": 2308101.85,
        "trend": 359.748798,
        "fair_value": 345.755619,
        "relative_strength": 0.717934,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 40.331705,
        "energy": 47.572675,
        "activity_lines": [
          375.323794,
          363.072509,
          357.633293,
          356.834139
        ]
      },
      {
        "date": "2024-03-01",
        "close": 396.682312,
        "volume": 3883771,
        "typical_volume": 2451740.3,
        "trend": 360.268767,
        "fair_value": 347.576337,
        "relative_strength": -0.145572,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 38.476458,
        "energy": 58.302939,
        "activity_lines": [
          386.292977,
          370.264662,
          361.807644,
          359.216946
        ]
      },
      {
        "date": "2024-03-08",
        "close": 380.942535,
        "volume": 1344589,
        "typical_volume": 2435516.1,
        "trend": 360.458284,
        "fair_value": 349.081465,
        "relative_strength": -4.646242,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 58.035109,
        "energy": 66.513306,
        "activity_lines": [
          388.169334,
          373.550478,
          364.259101,
          360.550737
        ]
      },
      {
        "date": "2024-03-15",
        "close": 345.344086,
        "volume": 1998324,
        "typical_volume": 2488468.65,
        "trend": 359.077629,
        "fair_value": 350.416109,
        "relative_strength": -11.521981,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 39.233466,
        "energy": 40.489831,
        "activity_lines": [
          375.424703,
          369.982407,
          363.172238,
          359.575628
        ]
      },
      {
        "date": "2024-03-22",
        "close": 357.994751,
        "volume": 1792700,
        "typical_volume": 2378669.3,
        "trend": 358.536206,
        "fair_value": 351.805345,
        "relative_strength": -8.425903,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 31.785669,
        "energy": 15.46582,
        "activity_lines": [
          367.026766,
          369.032341,
          363.20653,
          359.505765
        ]
      },
      {
        "date": "2024-03-29",
        "close": 340.636871,
        "volume": 1609322,
        "typical_volume": 2399004.7,
        "trend": 357.19285,
        "fair_value": 352.981598,
        "relative_strength": -13.505844,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -8.135515,
        "energy": 14.948843,
        "activity_lines": [
          355.317533,
          364.865867,
          361.431295,
          358.350969
        ]
      },
      {
        "date": "2024-04-05",
        "close": 382.60968,
        "volume": 3029177,
        "typical_volume": 2381870.25,
        "trend": 356.984787,
        "fair_value": 354.399412,
        "relative_strength": -3.590423,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 34.208656,
        "energy": 21.953514,
        "activity_lines": [
          361.414056,
          368.24082,
          363.578574,
          359.990765
        ]
      },
      {
        "date": "2024-04-12",
        "close": 378.490845,
        "volume": 1576956,
        "typical_volume": 2284396.6,
        "trend": 356.314135,
        "fair_value": 355.770103,
        "relative_strength": -4.648104,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 34.528915,
        "energy": 15.578549,
        "activity_lines": [
          367.07581,
          370.073788,
          365.231754,
          361.378252
        ]
      },
      {
        "date": "2024-04-19",
        "close": 420.953979,
        "volume": 4989843,
        "typical_volume": 2459168.6,
        "trend": 358.557552,
        "fair_value": 357.426271,
        "relative_strength": 7.627937,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 67.562247,
        "energy": 50.143288,
        "activity_lines": [
          387.055387,
          378.920581,
          370.857693,
          365.548565
        ]
      },
      {
        "date": "2024-04-26",
        "close": 435.320862,
        "volume": 4327872,
        "typical_volume": 2577950.35,
        "trend": 361.336509,
        "fair_value": 359.122523,
        "relative_strength": 9.68703,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.361148,
        "energy": 71.142551,
        "activity_lines": [
          406.783266,
          389.040212,
          377.572803,
          370.501036
        ]
      },
      {
        "date": "2024-05-03",
        "close": 418.20813,
        "volume": 1389587,
        "typical_volume": 2542166.9,
        "trend": 363.807222,
        "fair_value": 360.636584,
        "relative_strength": 4.976014,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.583443,
        "energy": 69.959106,
        "activity_lines": [
          415.651827,
          395.317416,
          382.301364,
          374.170173
        ]
      },
      {
        "date": "2024-05-10",
        "close": 426.396729,
        "volume": 1588990,
        "typical_volume": 2547281.45,
        "trend": 366.364774,
        "fair_value": 362.190453,
        "relative_strength": 8.778488,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.491494,
        "energy": 73.63451,
        "activity_lines": [
          422.078504,
          402.713475,
          387.537058,
          378.208206
        ]
      },
      {
        "date": "2024-05-17",
        "close": 428.897461,
        "volume": 1163278,
        "typical_volume": 2504616.1,
        "trend": 368.99921,
        "fair_value": 363.476686,
        "relative_strength": 7.111531,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.967173,
        "energy": 73.296591,
        "activity_lines": [
          426.419621,
          410.02395,
          392.595845,
          382.242573
        ]
      },
      {
        "date": "2024-05-24",
        "close": 469.105072,
        "volume": 9932448,
        "typical_volume": 2931623.6,
        "trend": 373.710268,
        "fair_value": 364.996336,
        "relative_strength": 14.04951,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.06762,
        "energy": 71.83683,
        "activity_lines": [
          440.802834,
          423.772993,
          401.15567,
          388.701015
        ]
      },
      {
        "date": "2024-05-31",
        "close": 492.935394,
        "volume": 5223415,
        "typical_volume": 3106889.55,
        "trend": 379.303063,
        "fair_value": 366.711765,
        "relative_strength": 21.346695,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.639701,
        "energy": 80.539813,
        "activity_lines": [
          459.919415,
          439.604621,
          411.478967,
          396.392959
        ]
      },
      {
        "date": "2024-06-07",
        "close": 542.410339,
        "volume": 3124250,
        "typical_volume": 3167836.7,
        "trend": 386.553114,
        "fair_value": 368.701529,
        "relative_strength": 28.16072,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 90.915039,
        "energy": 91.244856,
        "activity_lines": [
          491.686676,
          461.978228,
          425.855762,
          406.916009
        ]
      },
      {
        "date": "2024-06-14",
        "close": 540.056763,
        "volume": 1979200,
        "typical_volume": 3157267.1,
        "trend": 392.514155,
        "fair_value": 370.565544,
        "relative_strength": 25.855239,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.53727,
        "energy": 92.633042,
        "activity_lines": [
          514.389264,
          480.255303,
          439.024012,
          416.81947
        ]
      },
      {
        "date": "2024-06-21",
        "close": 545.107178,
        "volume": 2724308,
        "typical_volume": 3179929.3,
        "trend": 398.567477,
        "fair_value": 372.383633,
        "relative_strength": 26.40607,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.476141,
        "energy": 90.825496,
        "activity_lines": [
          531.197988,
          496.587961,
          451.715787,
          426.664182
        ]
      },
      {
        "date": "2024-06-28",
        "close": 544.715027,
        "volume": 2644262,
        "typical_volume": 3193590.05,
        "trend": 404.646571,
        "fair_value": 374.00712,
        "relative_strength": 23.296451,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.915482,
        "energy": 88.120416,
        "activity_lines": [
          540.128681,
          509.819931,
          463.391704,
          436.093056
        ]
      },
      {
        "date": "2024-07-05",
        "close": 537.261841,
        "volume": 1910552,
        "typical_volume": 2970262.6,
        "trend": 410.541961,
        "fair_value": 375.323696,
        "relative_strength": 19.754874,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.177837,
        "energy": 79.216781,
        "activity_lines": [
          541.534314,
          519.446576,
          473.417679,
          444.64888
        ]
      },
      {
        "date": "2024-07-12",
        "close": 514.559265,
        "volume": 1308067,
        "typical_volume": 2877045.55,
        "trend": 415.662794,
        "fair_value": 376.643483,
        "relative_strength": 13.820912,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.923272,
        "energy": 58.762592,
        "activity_lines": [
          532.417326,
          523.092007,
          480.604614,
          451.359673
        ]
      },
      {
        "date": "2024-07-19",
        "close": 519.119385,
        "volume": 1445774,
        "typical_volume": 2755145.7,
        "trend": 421.659055,
        "fair_value": 378.024238,
        "relative_strength": 14.683344,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.679897,
        "energy": 52.443451,
        "activity_lines": [
          526.677116,
          525.814712,
          487.670131,
          458.034292
        ]
      },
      {
        "date": "2024-07-26",
        "close": 534.417908,
        "volume": 2307171,
        "typical_volume": 2803274.8,
        "trend": 427.474212,
        "fair_value": 379.385551,
        "relative_strength": 16.426089,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.408015,
        "energy": 44.424813,
        "activity_lines": [
          527.432239,
          529.633101,
          495.609617,
          465.309057
        ]
      },
      {
        "date": "2024-08-02",
        "close": 510.391418,
        "volume": 2712764,
        "typical_volume": 2838996.8,
        "trend": 432.393,
        "fair_value": 380.580998,
        "relative_strength": 11.588376,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 44.688876,
        "energy": 34.639617,
        "activity_lines": [
          520.89115,
          527.164483,
          500.53003,
          470.658554
        ]
      },
      {
        "date": "2024-08-09",
        "close": 470.723175,
        "volume": 1868736,
        "typical_volume": 2842798.6,
        "trend": 436.261404,
        "fair_value": 381.530647,
        "relative_strength": 4.394358,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.566507,
        "energy": 22.130429,
        "activity_lines": [
          503.415554,
          516.732796,
          500.886576,
          473.131469
        ]
      },
      {
        "date": "2024-08-16",
        "close": 502.496979,
        "volume": 4384479,
        "typical_volume": 2981556.45,
        "trend": 441.821727,
        "fair_value": 382.869811,
        "relative_strength": 10.601092,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.834256,
        "energy": 19.056906,
        "activity_lines": [
          500.967137,
          512.482023,
          503.732396,
          477.404732
        ]
      },
      {
        "date": "2024-08-23",
        "close": 515.2948,
        "volume": 1355548,
        "typical_volume": 2897875.0,
        "trend": 447.698593,
        "fair_value": 384.244002,
        "relative_strength": 11.974335,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.853588,
        "energy": 21.035958,
        "activity_lines": [
          503.588812,
          511.283824,
          507.026294,
          482.14493
        ]
      },
      {
        "date": "2024-08-30",
        "close": 498.623322,
        "volume": 1230661,
        "typical_volume": 2880560.25,
        "trend": 452.998705,
        "fair_value": 385.46497,
        "relative_strength": 6.561948,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 21.087961,
        "energy": 15.708711,
        "activity_lines": [
          500.908301,
          507.504665,
          508.100598,
          485.430396
        ]
      },
      {
        "date": "2024-09-06",
        "close": 494.945801,
        "volume": 823250,
        "typical_volume": 2672230.6,
        "trend": 457.920526,
        "fair_value": 386.294085,
        "relative_strength": 7.376327,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 20.285294,
        "energy": 13.192302,
        "activity_lines": [
          499.388255,
          503.902027,
          508.252603,
          488.13666
        ]
      },
      {
        "date": "2024-09-13",
        "close": 512.303772,
        "volume": 935589,
        "typical_volume": 2502616.45,
        "trend": 461.826828,
        "fair_value": 387.297467,
        "relative_strength": 8.879098,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.426253,
        "energy": 19.186424,
        "activity_lines": [
          504.683907,
          504.360278,
          509.705406,
          491.645257
        ]
      },
      {
        "date": "2024-09-20",
        "close": 507.057098,
        "volume": 869950,
        "typical_volume": 2476634.6,
        "trend": 465.466759,
        "fair_value": 388.304342,
        "relative_strength": 5.764062,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.903681,
        "energy": 17.0711,
        "activity_lines": [
          505.458628,
          504.318372,
          510.29194,
          494.563339
        ]
      },
      {
        "date": "2024-09-27",
        "close": 555.159058,
        "volume": 19091211,
        "typical_volume": 3351745.65,
        "trend": 470.749317,
        "fair_value": 389.644333,
        "relative_strength": 13.694789,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 54.99588,
        "energy": 31.560005,
        "activity_lines": [
          521.963328,
          513.158679,
          515.036523,
          500.349939
        ]
      },
      {
        "date": "2024-10-04",
        "close": 596.249329,
        "volume": 30174837,
        "typical_volume": 4802323.6,
        "trend": 477.926211,
        "fair_value": 391.075374,
        "relative_strength": 26.965351,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.344185,
        "energy": 57.036427,
        "activity_lines": [
          549.507168,
          528.814679,
          523.081311,
          508.446714
        ]
      },
      {
        "date": "2024-10-11",
        "close": 576.292664,
        "volume": 10091803,
        "typical_volume": 4810291.35,
        "trend": 485.624497,
        "fair_value": 392.186845,
        "relative_strength": 22.289239,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.396192,
        "energy": 61.120905,
        "activity_lines": [
          563.890385,
          539.717986,
          528.428551,
          514.792937
        ]
      },
      {
        "date": "2024-10-18",
        "close": 526.425415,
        "volume": 7185740,
        "typical_volume": 4908407.6,
        "trend": 491.238852,
        "fair_value": 392.957904,
        "relative_strength": 11.829258,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.881855,
        "energy": 51.046689,
        "activity_lines": [
          556.228062,
          540.356316,
          528.516112,
          517.425254
        ]
      },
      {
        "date": "2024-10-25",
        "close": 476.067841,
        "volume": 5649598,
        "typical_volume": 5034675.0,
        "trend": 495.753218,
        "fair_value": 393.590833,
        "relative_strength": 3.686449,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 29.64827,
        "energy": 19.322745,
        "activity_lines": [
          530.838438,
          530.825955,
          523.648237,
          516.446479
        ]
      },
      {
        "date": "2024-11-01",
        "close": 522.993042,
        "volume": 5023710,
        "typical_volume": 5186900.5,
        "trend": 500.432663,
        "fair_value": 394.338461,
        "relative_strength": 12.800896,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 30.560995,
        "energy": 14.417043,
        "activity_lines": [
          523.156498,
          530.307979,
          523.565346,
          518.203887
        ]
      },
      {
        "date": "2024-11-08",
        "close": 484.795837,
        "volume": 5046463,
        "typical_volume": 5303008.25,
        "trend": 503.976163,
        "fair_value": 394.78041,
        "relative_strength": 4.884344,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 12.699653,
        "energy": 17.076267,
        "activity_lines": [
          504.886558,
          522.705089,
          519.925881,
          517.195059
        ]
      },
      {
        "date": "2024-11-15",
        "close": 478.960785,
        "volume": 2790380,
        "typical_volume": 5310314.15,
        "trend": 505.909723,
        "fair_value": 395.272693,
        "relative_strength": 6.114035,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -17.359039,
        "energy": 21.604909,
        "activity_lines": [
          492.101833,
          514.292689,
          516.017894,
          515.581164
        ]
      },
      {
        "date": "2024-11-22",
        "close": 445.716003,
        "volume": 1926615,
        "typical_volume": 5311117.3,
        "trend": 506.256228,
        "fair_value": 395.530165,
        "relative_strength": -2.825691,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -37.551735,
        "energy": 43.481391,
        "activity_lines": [
          474.724306,
          500.126419,
          509.256853,
          511.697698
        ]
      },
      {
        "date": "2024-11-29",
        "close": 498.868469,
        "volume": 2930580,
        "typical_volume": 5392242.95,
        "trend": 508.944906,
        "fair_value": 396.094983,
        "relative_strength": 7.452501,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -25.289068,
        "energy": 34.951642,
        "activity_lines": [
          480.444895,
          496.834921,
          507.993884,
          511.221069
        ]
      },
      {
        "date": "2024-12-06",
        "close": 506.713898,
        "volume": 1994495,
        "typical_volume": 5419679.0,
        "trend": 511.622145,
        "fair_value": 396.31496,
        "relative_strength": 6.368681,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -48.502693,
        "energy": 30.831988,
        "activity_lines": [
          487.260585,
          495.118749,
          507.552816,
          511.077133
        ]
      },
      {
        "date": "2024-12-13",
        "close": 486.953308,
        "volume": 1233062,
        "typical_volume": 5365973.55,
        "trend": 513.55734,
        "fair_value": 396.469239,
        "relative_strength": 1.559849,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -49.444208,
        "energy": 25.546025,
        "activity_lines": [
          488.574689,
          490.690564,
          505.288862,
          509.485595
        ]
      },
      {
        "date": "2024-12-20",
        "close": 487.00235,
        "volume": 1231710,
        "typical_volume": 5291920.85,
        "trend": 514.153915,
        "fair_value": 396.56423,
        "relative_strength": 6.153067,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -37.932688,
        "energy": 16.928832,
        "activity_lines": [
          489.761308,
          488.258496,
          503.2556,
          507.77237
        ]
      },
      {
        "date": "2024-12-27",
        "close": 458.121521,
        "volume": 1074886,
        "typical_volume": 5252228.35,
        "trend": 512.993453,
        "fair_value": 396.378609,
        "relative_strength": -1.350231,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -59.331853,
        "energy": 28.828619,
        "activity_lines": [
          480.78488,
          482.198828,
          498.583159,
          504.157377
        ]
      },
      {
        "date": "2025-01-03",
        "close": 540.448975,
        "volume": 16002431,
        "typical_volume": 5833125.95,
        "trend": 512.928074,
        "fair_value": 396.775508,
        "relative_strength": 14.793261,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -18.206949,
        "energy": 8.99072,
        "activity_lines": [
          498.423902,
          492.349677,
          501.811436,
          505.928701
        ]
      },
      {
        "date": "2025-01-10",
        "close": 519.315552,
        "volume": 25437083,
        "typical_volume": 7037202.7,
        "trend": 512.236701,
        "fair_value": 396.978821,
        "relative_strength": 12.346051,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -22.143922,
        "energy": 11.891087,
        "activity_lines": [
          506.246415,
          497.487519,
          502.846283,
          506.340796
        ]
      },
      {
        "date": "2025-01-17",
        "close": 512.107605,
        "volume": 4501802,
        "typical_volume": 7200759.75,
        "trend": 511.136715,
        "fair_value": 397.185976,
        "relative_strength": 11.167442,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -23.726346,
        "energy": 14.512011,
        "activity_lines": [
          510.82617,
          501.381689,
          503.175512,
          506.332467
        ]
      },
      {
        "date": "2025-01-24",
        "close": 499.015594,
        "volume": 2803378,
        "typical_volume": 7299766.15,
        "trend": 509.6134,
        "fair_value": 397.706604,
        "relative_strength": 8.244947,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -15.104042,
        "energy": 14.200756,
        "activity_lines": [
          509.364968,
          502.398916,
          502.193671,
          505.550459
        ]
      },
      {
        "date": "2025-01-31",
        "close": 466.849487,
        "volume": 2493250,
        "typical_volume": 7377649.2,
        "trend": 507.266322,
        "fair_value": 398.080056,
        "relative_strength": -0.93738,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -51.174053,
        "energy": 19.680012,
        "activity_lines": [
          496.380847,
          497.203127,
          498.129012,
          502.791497
        ]
      },
      {
        "date": "2025-02-07",
        "close": 519.217468,
        "volume": 11651612,
        "typical_volume": 7916732.3,
        "trend": 507.421595,
        "fair_value": 398.88312,
        "relative_strength": 9.294736,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -17.954162,
        "energy": 8.299094,
        "activity_lines": [
          500.270855,
          501.144543,
          499.268229,
          503.562539
        ]
      },
      {
        "date": "2025-02-14",
        "close": 481.521759,
        "volume": 6613473,
        "typical_volume": 7292845.4,
        "trend": 506.168341,
        "fair_value": 399.296005,
        "relative_strength": 3.843449,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -35.979373,
        "energy": 18.806467,
        "activity_lines": [
          493.011061,
          497.862213,
          496.759472,
          501.891582
        ]
      },
      {
        "date": "2025-02-21",
        "close": 494.678894,
        "volume": 2024422,
        "typical_volume": 5885324.65,
        "trend": 504.843707,
        "fair_value": 400.105838,
        "relative_strength": 6.919687,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -31.817075,
        "energy": 18.422778,
        "activity_lines": [
          492.656565,
          497.430128,
          495.854429,
          501.150327
        ]
      },
      {
        "date": "2025-02-28",
        "close": 438.983643,
        "volume": 1340788,
        "typical_volume": 5447773.9,
        "trend": 502.463448,
        "fair_value": 400.272994,
        "relative_strength": -2.432452,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -62.664893,
        "energy": 43.419869,
        "activity_lines": [
          474.898899,
          486.731168,
          490.128745,
          496.901291
        ]
      },
      {
        "date": "2025-03-07",
        "close": 485.627167,
        "volume": 2507553,
        "typical_volume": 5213864.55,
        "trend": 502.960248,
        "fair_value": 400.477082,
        "relative_strength": 5.428645,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -45.894405,
        "energy": 36.566707,
        "activity_lines": [
          476.691205,
          485.385917,
          489.499154,
          495.815079
        ]
      },
      {
        "date": "2025-03-14",
        "close": 489.683136,
        "volume": 1576519,
        "typical_volume": 5010210.6,
        "trend": 502.53312,
        "fair_value": 400.984762,
        "relative_strength": 6.426772,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -43.341153,
        "energy": 28.066302,
        "activity_lines": [
          478.583655,
          484.278012,
          489.450123,
          494.958491
        ]
      },
      {
        "date": "2025-03-21",
        "close": 502.790833,
        "volume": 2024835,
        "typical_volume": 4860266.85,
        "trend": 502.116321,
        "fair_value": 401.563396,
        "relative_strength": 4.29428,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -28.733223,
        "energy": 14.924644,
        "activity_lines": [
          486.814293,
          486.47634,
          490.58461,
          494.975118
        ]
      },
      {
        "date": "2025-03-28",
        "close": 506.154297,
        "volume": 2162330,
        "typical_volume": 4716060.2,
        "trend": 502.367353,
        "fair_value": 401.920413,
        "relative_strength": 3.633103,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -20.336317,
        "energy": 10.856963,
        "activity_lines": [
          494.748147,
          489.586656,
          492.135627,
          495.235632
        ]
      },
      {
        "date": "2025-04-04",
        "close": 494.283203,
        "volume": 1122652,
        "typical_volume": 4632673.8,
        "trend": 502.345267,
        "fair_value": 402.101147,
        "relative_strength": 3.48002,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -23.578185,
        "energy": 13.279298,
        "activity_lines": [
          497.959943,
          490.646833,
          492.454357,
          494.714074
        ]
      },
      {
        "date": "2025-04-11",
        "close": 518.421082,
        "volume": 1523209,
        "typical_volume": 4612503.5,
        "trend": 502.549177,
        "fair_value": 402.426269,
        "relative_strength": 8.304771,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 14.10223,
        "energy": 12.547816,
        "activity_lines": [
          505.531061,
          496.181759,
          494.998969,
          495.751224
        ]
      },
      {
        "date": "2025-04-18",
        "close": 548.049438,
        "volume": 1165605,
        "typical_volume": 4524254.75,
        "trend": 503.915588,
        "fair_value": 403.248647,
        "relative_strength": 9.185781,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 34.295477,
        "energy": 34.235948,
        "activity_lines": [
          520.792037,
          506.165994,
          500.019115,
          498.686724
        ]
      },
      {
        "date": "2025-04-25",
        "close": 540.135376,
        "volume": 1925366,
        "typical_volume": 4520798.3,
        "trend": 503.414799,
        "fair_value": 404.169552,
        "relative_strength": 6.471921,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 31.147778,
        "energy": 40.075697,
        "activity_lines": [
          529.523905,
          514.18709,
          504.051345,
          501.023485
        ]
      },
      {
        "date": "2025-05-02",
        "close": 519.014709,
        "volume": 1047350,
        "typical_volume": 4511512.7,
        "trend": 500.840312,
        "fair_value": 405.12774,
        "relative_strength": 0.768153,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 52.21172,
        "energy": 45.874632,
        "activity_lines": [
          528.725915,
          517.302363,
          505.912933,
          502.029931
        ]
      },
      {
        "date": "2025-05-09",
        "close": 529.500793,
        "volume": 1302554,
        "typical_volume": 4515054.9,
        "trend": 499.280583,
        "fair_value": 406.247275,
        "relative_strength": 3.997059,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 51.481053,
        "energy": 45.369751,
        "activity_lines": [
          530.565926,
          521.881728,
          508.620522,
          503.878994
        ]
      },
      {
        "date": "2025-05-16",
        "close": 534.348206,
        "volume": 2081428,
        "typical_volume": 4565382.0,
        "trend": 499.544676,
        "fair_value": 407.071728,
        "relative_strength": 0.498461,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 52.917028,
        "energy": 35.642126,
        "activity_lines": [
          531.673901,
          525.696674,
          511.587396,
          506.141421
        ]
      },
      {
        "date": "2025-05-23",
        "close": 537.217041,
        "volume": 1219803,
        "typical_volume": 3826250.6,
        "trend": 501.582982,
        "fair_value": 408.113022,
        "relative_strength": 1.606872,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.171728,
        "energy": 28.774175,
        "activity_lines": [
          532.676347,
          529.147389,
          514.464509,
          508.571896
        ]
      },
      {
        "date": "2025-05-30",
        "close": 536.722412,
        "volume": 1154914,
        "typical_volume": 2612142.15,
        "trend": 502.040628,
        "fair_value": 409.071405,
        "relative_strength": 1.951326,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 52.965911,
        "energy": 31.60635,
        "activity_lines": [
          534.236076,
          531.643919,
          517.309904,
          510.838956
        ]
      },
      {
        "date": "2025-06-06",
        "close": 567.339966,
        "volume": 7632699,
        "typical_volume": 2768687.0,
        "trend": 504.792099,
        "fair_value": 410.278215,
        "relative_strength": 6.737257,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.067165,
        "energy": 47.682204,
        "activity_lines": [
          546.229187,
          539.090339,
          522.988366,
          515.051817
        ]
      },
      {
        "date": "2025-06-13",
        "close": 531.380432,
        "volume": 1046110,
        "typical_volume": 2680823.6,
        "trend": 506.539421,
        "fair_value": 411.340851,
        "relative_strength": 1.261417,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 52.744537,
        "energy": 35.531382,
        "activity_lines": [
          543.014103,
          538.886195,
          524.9791,
          516.767193
        ]
      },
      {
        "date": "2025-06-20",
        "close": 494.332672,
        "volume": 1765474,
        "typical_volume": 2644434.8,
        "trend": 508.159976,
        "fair_value": 412.331478,
        "relative_strength": -6.979961,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 24.615442,
        "energy": 13.905168,
        "activity_lines": [
          527.324457,
          531.2716,
          523.287358,
          515.979661
        ]
      },
      {
        "date": "2025-06-27",
        "close": 496.410095,
        "volume": 2126563,
        "typical_volume": 2168182.35,
        "trend": 508.07803,
        "fair_value": 413.35101,
        "relative_strength": -8.226115,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 17.34999,
        "energy": 11.098231,
        "activity_lines": [
          514.994987,
          524.472689,
          521.662593,
          515.221604
        ]
      },
      {
        "date": "2025-07-04",
        "close": 489.040131,
        "volume": 1441131,
        "typical_volume": 1909565.25,
        "trend": 507.488905,
        "fair_value": 414.070887,
        "relative_strength": -8.721169,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "mixed",
        "direction": -18.002734,
        "energy": 21.781177,
        "activity_lines": [
          502.929325,
          517.272682,
          519.444533,
          513.993353
        ]
      },
      {
        "date": "2025-07-11",
        "close": 485.132538,
        "volume": 1026270,
        "typical_volume": 1859657.65,
        "trend": 507.428213,
        "fair_value": 414.740534,
        "relative_strength": -8.186694,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "mixed",
        "direction": -23.18675,
        "energy": 33.48509,
        "activity_lines": [
          492.739952,
          510.291208,
          516.81852,
          512.551006
        ]
      },
      {
        "date": "2025-07-18",
        "close": 504.027405,
        "volume": 7083482,
        "typical_volume": 2146792.35,
        "trend": 507.995714,
        "fair_value": 415.566975,
        "relative_strength": -3.831709,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -17.915632,
        "energy": 35.037531,
        "activity_lines": [
          494.329362,
          507.361203,
          516.037477,
          512.331599
        ]
      },
      {
        "date": "2025-07-25",
        "close": 480.433563,
        "volume": 991368,
        "typical_volume": 2070983.1,
        "trend": 508.739449,
        "fair_value": 416.142948,
        "relative_strength": -7.66442,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -26.636809,
        "energy": 42.10376,
        "activity_lines": [
          489.877694,
          500.604562,
          512.699669,
          510.553396
        ]
      },
      {
        "date": "2025-08-01",
        "close": 468.463531,
        "volume": 1242772,
        "typical_volume": 2054295.75,
        "trend": 506.339934,
        "fair_value": 416.725528,
        "relative_strength": -8.837218,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -31.572293,
        "energy": 43.508409,
        "activity_lines": [
          482.362622,
          492.651818,
          508.24659,
          507.95495
        ]
      },
      {
        "date": "2025-08-08",
        "close": 490.326172,
        "volume": 5225063,
        "typical_volume": 2214307.15,
        "trend": 505.373622,
        "fair_value": 417.469837,
        "relative_strength": -3.862853,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -27.488914,
        "energy": 24.799962,
        "activity_lines": [
          483.998201,
          489.924163,
          505.976712,
          506.921804
        ]
      },
      {
        "date": "2025-08-15",
        "close": 474.596954,
        "volume": 769511,
        "typical_volume": 2144666.2,
        "trend": 504.123267,
        "fair_value": 418.035376,
        "relative_strength": -7.857086,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.132797,
        "energy": 34.082757,
        "activity_lines": [
          480.304972,
          485.180218,
          502.268169,
          504.936212
        ]
      },
      {
        "date": "2025-08-22",
        "close": 484.044373,
        "volume": 1041896,
        "typical_volume": 2140628.4,
        "trend": 503.624226,
        "fair_value": 418.701645,
        "relative_strength": -6.814183,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -26.269319,
        "energy": 25.259612,
        "activity_lines": [
          480.463255,
          483.840222,
          499.609654,
          503.6408
        ]
      },
      {
        "date": "2025-08-29",
        "close": 477.119537,
        "volume": 629636,
        "typical_volume": 2095949.75,
        "trend": 503.966561,
        "fair_value": 419.289649,
        "relative_strength": -6.461102,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -54.544031,
        "energy": 31.368781,
        "activity_lines": [
          479.645461,
          482.101821,
          496.340386,
          501.93082
        ]
      },
      {
        "date": "2025-09-05",
        "close": 484.885223,
        "volume": 792083,
        "typical_volume": 2077273.65,
        "trend": 502.822153,
        "fair_value": 419.844695,
        "relative_strength": -6.118271,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.999334,
        "energy": 29.761046,
        "activity_lines": [
          481.637164,
          482.088329,
          494.007382,
          500.699766
        ]
      },
      {
        "date": "2025-09-12",
        "close": 487.457306,
        "volume": 1189322,
        "typical_volume": 2040471.45,
        "trend": 503.020004,
        "fair_value": 420.65695,
        "relative_strength": -6.953948,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -38.573341,
        "energy": 22.241013,
        "activity_lines": [
          483.391449,
          482.752031,
          492.22012,
          499.708486
        ]
      },
      {
        "date": "2025-09-19",
        "close": 485.330414,
        "volume": 2296182,
        "typical_volume": 2102913.05,
        "trend": 502.708388,
        "fair_value": 421.590169,
        "relative_strength": -8.097047,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -37.521115,
        "energy": 20.99866,
        "activity_lines": [
          484.628027,
          483.057805,
          490.481145,
          498.567222
        ]
      },
      {
        "date": "2025-09-26",
        "close": 467.177521,
        "volume": 1852798,
        "typical_volume": 2130425.25,
        "trend": 503.648184,
        "fair_value": 422.42651,
        "relative_strength": -8.932379,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.325381,
        "energy": 30.69365,
        "activity_lines": [
          479.098077,
          480.059454,
          487.173724,
          496.274908
        ]
      },
      {
        "date": "2025-10-03",
        "close": 467.820526,
        "volume": 1083736,
        "typical_volume": 2080540.65,
        "trend": 503.05463,
        "fair_value": 423.207017,
        "relative_strength": -9.26158,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.244092,
        "energy": 37.584108,
        "activity_lines": [
          474.906919,
          477.848012,
          484.22432,
          493.963446
        ]
      },
      {
        "date": "2025-10-10",
        "close": 446.897705,
        "volume": 733909,
        "typical_volume": 2056245.95,
        "trend": 501.628448,
        "fair_value": 423.792249,
        "relative_strength": -14.22958,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.46406,
        "energy": 58.688118,
        "activity_lines": [
          464.361422,
          472.061748,
          479.599064,
          490.340418
        ]
      },
      {
        "date": "2025-10-17",
        "close": 446.155762,
        "volume": 1952153,
        "typical_volume": 2096107.9,
        "trend": 499.740613,
        "fair_value": 424.413494,
        "relative_strength": -15.483932,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.865853,
        "energy": 68.653827,
        "activity_lines": [
          456.101111,
          466.532692,
          475.333239,
          486.761535
        ]
      },
      {
        "date": "2025-10-24",
        "close": 452.833252,
        "volume": 309951,
        "typical_volume": 1729970.5,
        "trend": 497.963245,
        "fair_value": 425.061057,
        "relative_strength": -14.331535,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.60308,
        "energy": 66.993619,
        "activity_lines": [
          452.820066,
          463.020822,
          472.134635,
          483.735254
        ]
      },
      {
        "date": "2025-10-31",
        "close": 450.013855,
        "volume": 398197,
        "typical_volume": 1697574.85,
        "trend": 496.4876,
        "fair_value": 425.656672,
        "relative_strength": -14.299555,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.356903,
        "energy": 68.598153,
        "activity_lines": [
          450.7657,
          459.392039,
          469.212788,
          480.641745
        ]
      },
      {
        "date": "2025-11-07",
        "close": 404.705811,
        "volume": 1348337,
        "typical_volume": 1676718.0,
        "trend": 492.697091,
        "fair_value": 425.904593,
        "relative_strength": -21.924315,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -87.732664,
        "energy": 83.525192,
        "activity_lines": [
          434.752897,
          448.144167,
          462.363348,
          474.720339
        ]
      },
      {
        "date": "2025-11-14",
        "close": 399.899994,
        "volume": 2823589,
        "typical_volume": 1711569.3,
        "trend": 487.758776,
        "fair_value": 426.206844,
        "relative_strength": -23.740562,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -84.800584,
        "energy": 87.504994,
        "activity_lines": [
          421.345803,
          437.339123,
          455.483006,
          468.73343
        ]
      },
      {
        "date": "2025-11-21",
        "close": 375.0,
        "volume": 2362962,
        "typical_volume": 1757660.85,
        "trend": 482.254263,
        "fair_value": 426.356074,
        "relative_strength": -28.633852,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -89.327081,
        "energy": 94.406277,
        "activity_lines": [
          402.771891,
          423.551993,
          446.690808,
          461.45867
        ]
      },
      {
        "date": "2025-11-28",
        "close": 397.5,
        "volume": 12495730,
        "typical_volume": 2331133.85,
        "trend": 478.203773,
        "fair_value": 426.614462,
        "relative_strength": -24.343831,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.223207,
        "energy": 86.230759,
        "activity_lines": [
          396.441697,
          415.90045,
          440.584516,
          455.990653
        ]
      },
      {
        "date": "2025-12-05",
        "close": 370.299988,
        "volume": 3491173,
        "typical_volume": 2151518.4,
        "trend": 472.897079,
        "fair_value": 426.75365,
        "relative_strength": -29.041374,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -79.282028,
        "energy": 88.616196,
        "activity_lines": [
          384.733716,
          404.900367,
          432.305043,
          449.029119
        ]
      },
      {
        "date": "2025-12-12",
        "close": 365.450012,
        "volume": 3080606,
        "typical_volume": 2255980.3,
        "trend": 467.26714,
        "fair_value": 426.863846,
        "relative_strength": -29.211108,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.416949,
        "energy": 80.698426,
        "activity_lines": [
          376.723334,
          394.779881,
          424.200466,
          442.09705
        ]
      },
      {
        "date": "2025-12-19",
        "close": 348.200012,
        "volume": 5056396,
        "typical_volume": 2446661.5,
        "trend": 460.966572,
        "fair_value": 426.943206,
        "relative_strength": -31.864835,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -79.959269,
        "energy": 69.97898,
        "activity_lines": [
          365.580005,
          383.384312,
          415.000572,
          434.4153
        ]
      },
      {
        "date": "2025-12-26",
        "close": 350.149994,
        "volume": 1466970,
        "typical_volume": 2258756.85,
        "trend": 454.747491,
        "fair_value": 426.877084,
        "relative_strength": -31.294079,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.122695,
        "energy": 72.385611,
        "activity_lines": [
          358.533335,
          374.13779,
          406.559075,
          427.265843
        ]
      },
      {
        "date": "2026-01-02",
        "close": 357.950012,
        "volume": 3599703,
        "typical_volume": 2400266.45,
        "trend": 447.767826,
        "fair_value": 426.931109,
        "relative_strength": -29.91293,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.39303,
        "energy": 64.516241,
        "activity_lines": [
          355.743339,
          368.055012,
          399.527941,
          421.020844
        ]
      },
      {
        "date": "2026-01-09",
        "close": 366.549988,
        "volume": 6888348,
        "typical_volume": 2692589.05,
        "trend": 442.273478,
        "fair_value": 427.127198,
        "relative_strength": -25.845797,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.224523,
        "energy": 59.517751,
        "activity_lines": [
          358.456667,
          365.261015,
          393.871315,
          415.780984
        ]
      },
      {
        "date": "2026-01-16",
        "close": 348.75,
        "volume": 1462277,
        "typical_volume": 2734221.1,
        "trend": 437.420722,
        "fair_value": 427.208285,
        "relative_strength": -28.873213,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.600631,
        "energy": 58.112777,
        "activity_lines": [
          355.486666,
          360.748182,
          387.078949,
          409.747211
        ]
      },
      {
        "date": "2026-01-23",
        "close": 333.75,
        "volume": 1804068,
        "typical_volume": 2784820.35,
        "trend": 431.998719,
        "fair_value": 427.223795,
        "relative_strength": -29.589882,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.73563,
        "energy": 58.325391,
        "activity_lines": [
          348.629999,
          354.525455,
          379.469294,
          403.058777
        ]
      },
      {
        "date": "2026-01-30",
        "close": 337.200012,
        "volume": 1073510,
        "typical_volume": 2779029.75,
        "trend": 426.937382,
        "fair_value": 427.288886,
        "relative_strength": -29.155259,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.112707,
        "energy": 54.727945,
        "activity_lines": [
          343.88667,
          350.13273,
          372.907904,
          396.942732
        ]
      },
      {
        "date": "2026-02-06",
        "close": 329.0,
        "volume": 2236032,
        "typical_volume": 2776022.25,
        "trend": 421.732964,
        "fair_value": 427.248169,
        "relative_strength": -31.232051,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.324863,
        "energy": 59.89408,
        "activity_lines": [
          337.273336,
          344.936366,
          366.281072,
          390.624191
        ]
      },
      {
        "date": "2026-02-13",
        "close": 343.049988,
        "volume": 2287211,
        "typical_volume": 2797742.9,
        "trend": 416.36705,
        "fair_value": 427.442725,
        "relative_strength": -27.101572,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.235121,
        "energy": 53.533409,
        "activity_lines": [
          337.273332,
          343.54,
          361.736764,
          385.54787
        ]
      },
      {
        "date": "2026-02-20",
        "close": 343.0,
        "volume": 1014359,
        "typical_volume": 2794274.05,
        "trend": 411.785931,
        "fair_value": 427.677801,
        "relative_strength": -26.765967,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.545765,
        "energy": 49.078298,
        "activity_lines": [
          338.823332,
          342.629999,
          357.778778,
          380.814512
        ]
      },
      {
        "date": "2026-02-27",
        "close": 333.0,
        "volume": 1296728,
        "typical_volume": 2822415.0,
        "trend": 407.27048,
        "fair_value": 427.808539,
        "relative_strength": -27.287372,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.895767,
        "energy": 49.040689,
        "activity_lines": [
          337.423332,
          340.309999,
          353.462796,
          375.731548
        ]
      },
      {
        "date": "2026-03-06",
        "close": 322.25,
        "volume": 1003124,
        "typical_volume": 2774963.55,
        "trend": 401.667941,
        "fair_value": 427.852518,
        "relative_strength": -26.893349,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.815583,
        "energy": 51.85308,
        "activity_lines": [
          332.489998,
          336.311818,
          348.665373,
          370.246356
        ]
      },
      {
        "date": "2026-03-13",
        "close": 342.600006,
        "volume": 2116205,
        "typical_volume": 2865276.25,
        "trend": 397.268043,
        "fair_value": 428.113164,
        "relative_strength": -17.291147,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.590074,
        "energy": 42.44463,
        "activity_lines": [
          335.336668,
          336.52091,
          346.396074,
          366.435522
        ]
      },
      {
        "date": "2026-03-20",
        "close": 344.100006,
        "volume": 3515523,
        "typical_volume": 3021142.55,
        "trend": 392.603231,
        "fair_value": 428.384635,
        "relative_strength": -16.19891,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.591893,
        "energy": 35.594581,
        "activity_lines": [
          337.77667,
          337.28182,
          344.794553,
          363.005326
        ]
      },
      {
        "date": "2026-03-27",
        "close": 330.350006,
        "volume": 1297509,
        "typical_volume": 3018601.15,
        "trend": 387.710913,
        "fair_value": 428.498688,
        "relative_strength": -17.881643,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.439197,
        "energy": 38.115043,
        "activity_lines": [
          335.563338,
          335.950912,
          342.387859,
          358.988989
        ]
      },
      {
        "date": "2026-04-03",
        "close": 320.5,
        "volume": 1048310,
        "typical_volume": 2929837.2,
        "trend": 382.231406,
        "fair_value": 428.567449,
        "relative_strength": -19.299029,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.68492,
        "energy": 38.749424,
        "activity_lines": [
          330.910004,
          333.163639,
          339.397144,
          354.652801
        ]
      },
      {
        "date": "2026-04-10",
        "close": 329.5,
        "volume": 3463252,
        "typical_volume": 2984851.7,
        "trend": 376.966162,
        "fair_value": 428.754103,
        "relative_strength": -20.862694,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.562914,
        "energy": 35.736988,
        "activity_lines": [
          330.090002,
          332.253638,
          337.641668,
          351.250774
        ]
      },
      {
        "date": "2026-04-17",
        "close": 343.899994,
        "volume": 1650551,
        "typical_volume": 2442592.75,
        "trend": 372.251815,
        "fair_value": 429.008259,
        "relative_strength": -17.621231,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.907034,
        "energy": 30.646317,
        "activity_lines": [
          333.586666,
          334.101819,
          337.474286,
          349.117473
        ]
      },
      {
        "date": "2026-04-24",
        "close": 346.75,
        "volume": 1813047,
        "typical_volume": 2358686.45,
        "trend": 368.237564,
        "fair_value": 429.233793,
        "relative_strength": -14.592391,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.802267,
        "energy": 20.79815,
        "activity_lines": [
          337.946665,
          336.197273,
          337.833572,
          347.472195
        ]
      },
      {
        "date": "2026-05-01",
        "close": 343.850006,
        "volume": 1592695,
        "typical_volume": 2284290.9,
        "trend": 364.105213,
        "fair_value": 429.421982,
        "relative_strength": -14.985612,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.131618,
        "energy": 15.496263,
        "activity_lines": [
          341.163334,
          337.698183,
          338.028811,
          345.898804
        ]
      },
      {
        "date": "2026-05-08",
        "close": 360.399994,
        "volume": 1815904,
        "typical_volume": 2122266.3,
        "trend": 361.221956,
        "fair_value": 429.755285,
        "relative_strength": -10.824718,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -3.74885,
        "energy": 11.59326,
        "activity_lines": [
          348.996665,
          342.192727,
          339.903096,
          345.659758
        ]
      },
      {
        "date": "2026-05-15",
        "close": 415.75,
        "volume": 135234513,
        "typical_volume": 8810643.45,
        "trend": 360.208431,
        "fair_value": 430.498454,
        "relative_strength": 5.646818,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 40.531861,
        "energy": 44.675096,
        "activity_lines": [
          372.619999,
          356.252727,
          346.990715,
          349.177696
        ]
      },
      {
        "date": "2026-05-22",
        "close": 402.299988,
        "volume": 28616852,
        "typical_volume": 10061500.9,
        "trend": 358.523989,
        "fair_value": 431.230127,
        "relative_strength": 2.453327,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 42.808047,
        "energy": 58.395141,
        "activity_lines": [
          386.009996,
          366.16727,
          352.484999,
          351.89328
        ]
      },
      {
        "date": "2026-05-29",
        "close": 424.149994,
        "volume": 7919598,
        "typical_volume": 10113063.4,
        "trend": 357.66186,
        "fair_value": 432.047109,
        "relative_strength": 9.270986,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 49.970209,
        "energy": 69.682322,
        "activity_lines": [
          402.789994,
          378.969087,
          359.849046,
          356.127216
        ]
      },
      {
        "date": "2026-06-05",
        "close": 476.200012,
        "volume": 4026582,
        "typical_volume": 10241278.65,
        "trend": 360.045,
        "fair_value": 433.208634,
        "relative_strength": 23.965125,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 89.056093,
        "energy": 90.047246,
        "activity_lines": [
          431.76,
          399.77909,
          371.895952,
          363.774839
        ]
      },
      {
        "date": "2026-06-12",
        "close": 455.850006,
        "volume": 1394362,
        "typical_volume": 10220793.35,
        "trend": 361.910001,
        "fair_value": 434.073932,
        "relative_strength": 17.683468,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.541014,
        "energy": 87.650002,
        "activity_lines": [
          445.123336,
          414.237273,
          381.397858,
          369.955807
        ]
      },
      {
        "date": "2026-06-19",
        "close": 465.899994,
        "volume": 879079,
        "typical_volume": 10211071.8,
        "trend": 364.94,
        "fair_value": 434.676026,
        "relative_strength": 18.362821,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.116614,
        "energy": 89.92783,
        "activity_lines": [
          455.473334,
          428.061818,
          391.275476,
          376.664839
        ]
      },
      {
        "date": "2026-06-26",
        "close": 480.700012,
        "volume": 0,
        "typical_volume": 10099270.2,
        "trend": 367.713334,
        "fair_value": 435.288892,
        "relative_strength": 21.816384,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.386691,
        "energy": 90.761984,
        "activity_lines": [
          467.413338,
          442.097274,
          401.949763,
          384.133227
        ]
      },
      {
        "date": "2026-07-03",
        "close": 485.75,
        "volume": 233968,
        "typical_volume": 9996608.05,
        "trend": 371.561668,
        "fair_value": 435.95107,
        "relative_strength": 21.891239,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.827251,
        "energy": 87.445193,
        "activity_lines": [
          475.810004,
          454.563638,
          412.38262,
          391.748495
        ]
      },
      {
        "date": "2026-07-10",
        "close": 479.200012,
        "volume": 2788390,
        "typical_volume": 10085309.6,
        "trend": 375.353335,
        "fair_value": 436.430288,
        "relative_strength": 20.493835,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.966842,
        "energy": 73.318743,
        "activity_lines": [
          477.916673,
          463.311822,
          421.512145,
          398.692905
        ]
      },
      {
        "date": "2026-07-17",
        "close": 494.850006,
        "volume": 2791356,
        "typical_volume": 10160041.0,
        "trend": 380.241668,
        "fair_value": 436.936315,
        "relative_strength": 23.755988,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.48221,
        "energy": 66.981158,
        "activity_lines": [
          485.040006,
          472.44455,
          431.483574,
          406.402367
        ]
      },
      {
        "date": "2026-07-24",
        "close": 496.5,
        "volume": 4151081,
        "typical_volume": 10317438.85,
        "trend": 385.120001,
        "fair_value": 437.608318,
        "relative_strength": 26.90037,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.876209,
        "energy": 62.075865,
        "activity_lines": [
          490.113338,
          479.432731,
          440.841431,
          413.902905
        ]
      },
      {
        "date": "2026-07-31",
        "close": 518.5,
        "volume": 3092700,
        "typical_volume": 10366263.6,
        "trend": 390.471667,
        "fair_value": 438.489195,
        "relative_strength": 28.844342,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.299495,
        "energy": 63.802545,
        "activity_lines": [
          500.480003,
          488.952731,
          451.464764,
          422.508066
        ]
      },
      {
        "date": "2026-08-07",
        "close": 519.200012,
        "volume": 10646734,
        "typical_volume": 10722824.15,
        "trend": 395.560002,
        "fair_value": 439.411907,
        "relative_strength": 27.886298,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.095787,
        "energy": 60.071315,
        "activity_lines": [
          508.560006,
          496.487278,
          461.317146,
          430.813121
        ]
      }
    ],
    "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."
    }
  }
}