{
  "ticker": {
    "uuid": "8bc9f0e3-71c8-4d6d-b8d8-26fa8b63bca9",
    "symbol": "XC",
    "name": "WISDOMTREE TRUE EMERGING MARKETS FUND",
    "exchange": "NYSEARCA",
    "country": "US",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "SPY",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 73.139,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": 5.477,
    "architecture_energy": 11.569,
    "architecture_maturity": 13.201,
    "architecture_confidence": 63.662,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 58.59,
        "rotation_up": 33.87,
        "upward_expansion": 35.15,
        "deceleration": 31.04,
        "rotation_down": 22.05,
        "downward_expansion": 43.49
      },
      "activity_lines": [
        32.114987,
        31.957349,
        31.853987,
        31.906675
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 32.666,
    "trend_reference": 32.182702,
    "distance_from_trend": 0.015017,
    "trend_direction": "Weakening",
    "fair_value": 28.688893,
    "distance_from_fair_value": 0.138629,
    "fair_value_direction": "Weakening",
    "relative_strength": -8.8767,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.041253,
    "excess_performance": -0.166878,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.015017,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.003467,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.138629,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.011784,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.088767,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.000556,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.041253,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.5932,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 68544,
      "relative_activity": 0.756823,
      "balance": 1.5932,
      "dry_up": 0.997644,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.02552,
      "annualized_volatility": 0.198962,
      "from_high_reference": -0.071848,
      "from_low_reference": 0.09098
    },
    "levels": {
      "trend_reference": 32.182702,
      "fair_value_reference": 28.688893,
      "structural_low": 29.941894,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 4,
        "median_return": 0.016873,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.000415,
        "regime_survival": 0.5,
        "best_return": 0.052046,
        "worst_return": -0.027299,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.03092,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.054109,
        "regime_survival": 0.5,
        "best_return": 0.088934,
        "worst_return": -0.027093,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": 0.128103,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.067657,
        "regime_survival": 0.0,
        "best_return": 0.128103,
        "worst_return": 0.128103,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.150711,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.171331,
        "regime_survival": 1.0,
        "best_return": 0.150711,
        "worst_return": 0.150711,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-03-29",
        "end": "2024-04-26",
        "tenure": "Developing",
        "return": -0.02069,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-05-03",
        "end": "2024-05-17",
        "tenure": "New",
        "return": 0.021173,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-24",
        "end": "2024-08-09",
        "tenure": "Developing",
        "return": 0.018467,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-16",
        "end": "2024-08-30",
        "tenure": "New",
        "return": 0.001406,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-06",
        "end": "2024-11-22",
        "tenure": "Developing",
        "return": 0.009033,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-29",
        "end": "2024-12-27",
        "tenure": "Developing",
        "return": -0.01281,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-03",
        "end": "2025-05-02",
        "tenure": "Established",
        "return": 0.010538,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-09",
        "end": "2025-05-16",
        "tenure": "New",
        "return": 0.035006,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-23",
        "end": "2025-06-13",
        "tenure": "New",
        "return": 0.024413,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-20",
        "end": "2026-03-06",
        "tenure": "Extended",
        "return": 0.073655,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-13",
        "end": "2026-04-17",
        "tenure": "Developing",
        "return": 0.104615,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-24",
        "end": "2026-06-05",
        "tenure": "Developing",
        "return": -0.05125,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-06-12",
        "end": "2026-06-26",
        "tenure": "New",
        "return": 0.000869,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-03",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.026606,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 23.388603,
        "volume": 24691,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-08-25",
        "close": 23.787754,
        "volume": 29073,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-01",
        "close": 23.896196,
        "volume": 24725,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-08",
        "close": 23.537124,
        "volume": 22334,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-15",
        "close": 23.801375,
        "volume": 31128,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-22",
        "close": 23.226894,
        "volume": 24007,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-29",
        "close": 22.924796,
        "volume": 40091,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-06",
        "close": 22.846594,
        "volume": 20741,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-13",
        "close": 22.858679,
        "volume": 35697,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-20",
        "close": 22.474852,
        "volume": 5113,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-27",
        "close": 21.955376,
        "volume": 32308,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-03",
        "close": 23.279198,
        "volume": 35445,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-10",
        "close": 23.438579,
        "volume": 12353,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-17",
        "close": 24.041423,
        "volume": 16244,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-24",
        "close": 24.096768,
        "volume": 16980,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-01",
        "close": 24.721505,
        "volume": 92654,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-08",
        "close": 24.496358,
        "volume": 36542,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-15",
        "close": 25.177053,
        "volume": 21511,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-22",
        "close": 25.439944,
        "volume": 24350,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-29",
        "close": 25.946278,
        "volume": 27012,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-05",
        "close": 25.48208,
        "volume": 25485,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-12",
        "close": 25.491912,
        "volume": 22040,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-19",
        "close": 25.181861,
        "volume": 21746,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-26",
        "close": 25.378144,
        "volume": 16284,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-02",
        "close": 25.571531,
        "volume": 19357,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-09",
        "close": 25.975071,
        "volume": 194838,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-16",
        "close": 26.058816,
        "volume": 25613,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-23",
        "close": 26.340864,
        "volume": 37362,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-01",
        "close": 26.347798,
        "volume": 48768,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-08",
        "close": 26.853079,
        "volume": 204149,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-15",
        "close": 26.571997,
        "volume": 48416,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-22",
        "close": 26.797863,
        "volume": 56061,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-29",
        "close": 26.96827,
        "volume": 37051,
        "typical_volume": 49623.15,
        "trend": 24.776069,
        "fair_value": 23.337446,
        "relative_strength": -4.534865,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.996438,
        "energy": 74.745537,
        "activity_lines": [
          26.78685,
          26.543342,
          26.086449,
          25.523249
        ]
      },
      {
        "date": "2024-04-05",
        "close": 27.164955,
        "volume": 58463,
        "typical_volume": 51734.1,
        "trend": 24.896997,
        "fair_value": 23.384699,
        "relative_strength": -2.87709,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.534983,
        "energy": 71.406174,
        "activity_lines": [
          26.939234,
          26.703089,
          26.231023,
          25.677371
        ]
      },
      {
        "date": "2024-04-12",
        "close": 26.605485,
        "volume": 57304,
        "typical_volume": 53750.3,
        "trend": 24.990467,
        "fair_value": 23.423977,
        "relative_strength": -3.328558,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.817307,
        "energy": 58.031062,
        "activity_lines": [
          26.850652,
          26.728627,
          26.30744,
          25.787596
        ]
      },
      {
        "date": "2024-04-19",
        "close": 25.828327,
        "volume": 72360,
        "typical_volume": 52735.6,
        "trend": 25.077182,
        "fair_value": 23.452945,
        "relative_strength": -3.08357,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 47.201603,
        "energy": 39.737331,
        "activity_lines": [
          26.519523,
          26.594065,
          26.297896,
          25.841651
        ]
      },
      {
        "date": "2024-04-26",
        "close": 26.410295,
        "volume": 28653,
        "typical_volume": 52341.15,
        "trend": 25.193365,
        "fair_value": 23.488152,
        "relative_strength": -3.354763,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 41.282675,
        "energy": 28.665589,
        "activity_lines": [
          26.431961,
          26.567983,
          26.338506,
          25.927659
        ]
      },
      {
        "date": "2024-05-03",
        "close": 27.045872,
        "volume": 84982,
        "typical_volume": 55514.7,
        "trend": 25.333341,
        "fair_value": 23.530007,
        "relative_strength": -1.51136,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 54.736507,
        "energy": 30.102023,
        "activity_lines": [
          26.582096,
          26.65107,
          26.430534,
          26.047175
        ]
      },
      {
        "date": "2024-05-10",
        "close": 26.971083,
        "volume": 64653,
        "typical_volume": 57529.85,
        "trend": 25.470421,
        "fair_value": 23.57002,
        "relative_strength": -3.473088,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 52.986757,
        "energy": 32.632565,
        "activity_lines": [
          26.702128,
          26.707741,
          26.50654,
          26.152836
        ]
      },
      {
        "date": "2024-05-17",
        "close": 27.618524,
        "volume": 17119,
        "typical_volume": 57035.2,
        "trend": 25.641877,
        "fair_value": 23.616554,
        "relative_strength": -2.657635,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 78.785301,
        "energy": 57.237589,
        "activity_lines": [
          27.050899,
          26.870796,
          26.636915,
          26.291423
        ]
      },
      {
        "date": "2024-05-24",
        "close": 27.560433,
        "volume": 36068,
        "typical_volume": 57564.35,
        "trend": 25.828712,
        "fair_value": 23.661371,
        "relative_strength": -2.717867,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.067528,
        "energy": 77.626801,
        "activity_lines": [
          27.31277,
          27.009371,
          26.753795,
          26.415201
        ]
      },
      {
        "date": "2024-05-31",
        "close": 26.81544,
        "volume": 11853,
        "typical_volume": 57055.0,
        "trend": 25.946587,
        "fair_value": 23.69681,
        "relative_strength": -4.805558,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.716102,
        "energy": 58.963018,
        "activity_lines": [
          27.210836,
          26.994522,
          26.789827,
          26.478861
        ]
      },
      {
        "date": "2024-06-07",
        "close": 27.269801,
        "volume": 29649,
        "typical_volume": 57450.15,
        "trend": 26.074294,
        "fair_value": 23.73651,
        "relative_strength": -4.210472,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.325629,
        "energy": 52.293423,
        "activity_lines": [
          27.233346,
          27.061964,
          26.862828,
          26.564229
        ]
      },
      {
        "date": "2024-06-14",
        "close": 27.788404,
        "volume": 20021,
        "typical_volume": 57637.0,
        "trend": 26.199194,
        "fair_value": 23.781036,
        "relative_strength": -3.798458,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.058097,
        "energy": 51.303521,
        "activity_lines": [
          27.413796,
          27.218216,
          26.975278,
          26.674817
        ]
      },
      {
        "date": "2024-06-21",
        "close": 28.177115,
        "volume": 28310,
        "typical_volume": 58084.65,
        "trend": 26.335205,
        "fair_value": 23.82882,
        "relative_strength": -2.951792,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.1027,
        "energy": 55.464766,
        "activity_lines": [
          27.669327,
          27.433806,
          27.113271,
          26.802425
        ]
      },
      {
        "date": "2024-06-28",
        "close": 28.310408,
        "volume": 30905,
        "typical_volume": 49888.0,
        "trend": 26.454835,
        "fair_value": 23.877009,
        "relative_strength": -2.348893,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.950427,
        "energy": 73.214973,
        "activity_lines": [
          27.93205,
          27.645057,
          27.25155,
          26.929857
        ]
      },
      {
        "date": "2024-07-05",
        "close": 29.313268,
        "volume": 43945,
        "typical_volume": 50804.6,
        "trend": 26.615399,
        "fair_value": 23.934842,
        "relative_strength": -0.719283,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 89.712732,
        "energy": 91.290004,
        "activity_lines": [
          28.479062,
          27.993517,
          27.474219,
          27.114272
        ]
      },
      {
        "date": "2024-07-12",
        "close": 29.600844,
        "volume": 57586,
        "typical_volume": 51815.8,
        "trend": 26.762859,
        "fair_value": 23.994484,
        "relative_strength": -0.599489,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 88.243095,
        "energy": 94.317135,
        "activity_lines": [
          28.95541,
          28.341483,
          27.708779,
          27.306882
        ]
      },
      {
        "date": "2024-07-19",
        "close": 28.438191,
        "volume": 25834,
        "typical_volume": 50669.1,
        "trend": 26.8628,
        "fair_value": 24.040772,
        "relative_strength": -2.477341,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.905451,
        "energy": 82.292544,
        "activity_lines": [
          28.888804,
          28.431602,
          27.817086,
          27.414968
        ]
      },
      {
        "date": "2024-07-26",
        "close": 28.303882,
        "volume": 42013,
        "typical_volume": 42562.3,
        "trend": 26.941387,
        "fair_value": 24.084722,
        "relative_strength": -2.000119,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.231166,
        "energy": 63.608909,
        "activity_lines": [
          28.73411,
          28.470628,
          27.902648,
          27.507941
        ]
      },
      {
        "date": "2024-08-02",
        "close": 27.787637,
        "volume": 20072,
        "typical_volume": 41145.1,
        "trend": 27.018239,
        "fair_value": 24.122507,
        "relative_strength": -1.600752,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 47.781447,
        "energy": 37.956908,
        "activity_lines": [
          28.398883,
          28.403329,
          27.932135,
          27.562538
        ]
      },
      {
        "date": "2024-08-09",
        "close": 28.069394,
        "volume": 35451,
        "typical_volume": 40114.6,
        "trend": 27.104155,
        "fair_value": 24.162374,
        "relative_strength": -0.56625,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 37.638211,
        "energy": 21.72038,
        "activity_lines": [
          28.192426,
          28.383128,
          27.982668,
          27.630354
        ]
      },
      {
        "date": "2024-08-16",
        "close": 28.98777,
        "volume": 31253,
        "typical_volume": 39824.7,
        "trend": 27.231019,
        "fair_value": 24.210628,
        "relative_strength": -1.189336,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 51.253593,
        "energy": 26.922988,
        "activity_lines": [
          28.375019,
          28.507106,
          28.114609,
          27.751878
        ]
      },
      {
        "date": "2024-08-23",
        "close": 29.339724,
        "volume": 381460,
        "typical_volume": 55974.55,
        "trend": 27.363071,
        "fair_value": 24.261411,
        "relative_strength": -1.286457,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 66.489059,
        "energy": 38.291289,
        "activity_lines": [
          28.715803,
          28.663839,
          28.270454,
          27.887923
        ]
      },
      {
        "date": "2024-08-30",
        "close": 29.028513,
        "volume": 37015,
        "typical_volume": 54960.1,
        "trend": 27.478304,
        "fair_value": 24.308148,
        "relative_strength": -2.523764,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 60.06044,
        "energy": 43.054296,
        "activity_lines": [
          28.892746,
          28.735782,
          28.386303,
          27.995371
        ]
      },
      {
        "date": "2024-09-06",
        "close": 27.889934,
        "volume": 159233,
        "typical_volume": 59303.75,
        "trend": 27.542133,
        "fair_value": 24.342922,
        "relative_strength": -2.235575,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 47.956866,
        "energy": 34.103448,
        "activity_lines": [
          28.641855,
          28.585232,
          28.382178,
          28.021928
        ]
      },
      {
        "date": "2024-09-13",
        "close": 28.95664,
        "volume": 13375,
        "typical_volume": 58539.85,
        "trend": 27.638727,
        "fair_value": 24.387285,
        "relative_strength": -2.309728,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.10849,
        "energy": 35.303559,
        "activity_lines": [
          28.739713,
          28.636273,
          28.469827,
          28.113186
        ]
      },
      {
        "date": "2024-09-20",
        "close": 29.242718,
        "volume": 74678,
        "typical_volume": 58024.65,
        "trend": 27.735455,
        "fair_value": 24.433527,
        "relative_strength": -2.612249,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.390246,
        "energy": 34.733758,
        "activity_lines": [
          28.87378,
          28.745812,
          28.572596,
          28.216669
        ]
      },
      {
        "date": "2024-09-27",
        "close": 29.886086,
        "volume": 89448,
        "typical_volume": 59264.4,
        "trend": 27.853398,
        "fair_value": 24.484966,
        "relative_strength": -0.956253,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.864674,
        "energy": 41.431064,
        "activity_lines": [
          29.205307,
          28.978838,
          28.726177,
          28.35542
        ]
      },
      {
        "date": "2024-10-04",
        "close": 28.799297,
        "volume": 34590,
        "typical_volume": 60137.95,
        "trend": 27.918272,
        "fair_value": 24.525287,
        "relative_strength": -4.682818,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 53.369457,
        "energy": 38.701632,
        "activity_lines": [
          29.138146,
          28.987941,
          28.762373,
          28.416446
        ]
      },
      {
        "date": "2024-10-11",
        "close": 29.245771,
        "volume": 14973,
        "typical_volume": 59083.2,
        "trend": 28.007398,
        "fair_value": 24.568995,
        "relative_strength": -4.19442,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.132944,
        "energy": 41.727048,
        "activity_lines": [
          29.235092,
          29.069214,
          28.835468,
          28.502091
        ]
      },
      {
        "date": "2024-10-18",
        "close": 29.349697,
        "volume": 34890,
        "typical_volume": 60235.05,
        "trend": 28.092459,
        "fair_value": 24.612855,
        "relative_strength": -4.54278,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.285208,
        "energy": 40.735612,
        "activity_lines": [
          29.27629,
          29.142871,
          28.910435,
          28.588691
        ]
      },
      {
        "date": "2024-10-25",
        "close": 28.834589,
        "volume": 29684,
        "typical_volume": 60236.8,
        "trend": 28.15467,
        "fair_value": 24.651234,
        "relative_strength": -5.167061,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 49.633104,
        "energy": 26.48028,
        "activity_lines": [
          29.119582,
          29.099593,
          28.924277,
          28.63657
        ]
      },
      {
        "date": "2024-11-01",
        "close": 28.482553,
        "volume": 26197,
        "typical_volume": 60545.6,
        "trend": 28.19859,
        "fair_value": 24.685751,
        "relative_strength": -4.859156,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 28.48745,
        "energy": 14.531439,
        "activity_lines": [
          28.872737,
          28.995094,
          28.89714,
          28.657724
        ]
      },
      {
        "date": "2024-11-08",
        "close": 28.61184,
        "volume": 29277,
        "typical_volume": 60593.95,
        "trend": 28.265468,
        "fair_value": 24.720805,
        "relative_strength": -8.560899,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 24.315261,
        "energy": 15.354229,
        "activity_lines": [
          28.762556,
          28.929687,
          28.87901,
          28.684385
        ]
      },
      {
        "date": "2024-11-15",
        "close": 27.603971,
        "volume": 24829,
        "typical_volume": 60290.15,
        "trend": 28.324656,
        "fair_value": 24.74632,
        "relative_strength": -9.678258,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": -14.041761,
        "energy": 23.605585,
        "activity_lines": [
          28.328917,
          28.688607,
          28.762823,
          28.641708
        ]
      },
      {
        "date": "2024-11-22",
        "close": 28.141868,
        "volume": 24083,
        "typical_volume": 59297.05,
        "trend": 28.382376,
        "fair_value": 24.776105,
        "relative_strength": -9.2137,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "mixed",
        "direction": -19.310031,
        "energy": 34.432514,
        "activity_lines": [
          28.184029,
          28.550525,
          28.701228,
          28.629915
        ]
      },
      {
        "date": "2024-11-29",
        "close": 27.914596,
        "volume": 12923,
        "typical_volume": 57063.9,
        "trend": 28.411333,
        "fair_value": 24.803397,
        "relative_strength": -10.726921,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -26.383029,
        "energy": 44.481942,
        "activity_lines": [
          28.043907,
          28.385936,
          28.623566,
          28.599736
        ]
      },
      {
        "date": "2024-12-06",
        "close": 28.477676,
        "volume": 18744,
        "typical_volume": 56709.4,
        "trend": 28.461553,
        "fair_value": 24.835072,
        "relative_strength": -9.476168,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -21.315841,
        "energy": 38.394299,
        "activity_lines": [
          28.15281,
          28.347872,
          28.60756,
          28.604016
        ]
      },
      {
        "date": "2024-12-13",
        "close": 28.446463,
        "volume": 20367,
        "typical_volume": 55627.1,
        "trend": 28.489151,
        "fair_value": 24.865938,
        "relative_strength": -8.79698,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -25.160884,
        "energy": 20.563277,
        "activity_lines": [
          28.251634,
          28.329741,
          28.588394,
          28.603042
        ]
      },
      {
        "date": "2024-12-20",
        "close": 27.637046,
        "volume": 44888,
        "typical_volume": 56867.9,
        "trend": 28.491705,
        "fair_value": 24.889422,
        "relative_strength": -9.477591,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -40.717161,
        "energy": 27.673662,
        "activity_lines": [
          28.091678,
          28.170858,
          28.491462,
          28.548068
        ]
      },
      {
        "date": "2024-12-27",
        "close": 27.55702,
        "volume": 24315,
        "typical_volume": 56311.1,
        "trend": 28.516424,
        "fair_value": 24.911839,
        "relative_strength": -10.024591,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -67.447333,
        "energy": 44.37811,
        "activity_lines": [
          27.902841,
          28.026674,
          28.387625,
          28.487765
        ]
      },
      {
        "date": "2025-01-03",
        "close": 27.804872,
        "volume": 102393,
        "typical_volume": 59868.1,
        "trend": 28.53426,
        "fair_value": 24.935947,
        "relative_strength": -8.46615,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.147882,
        "energy": 54.230923,
        "activity_lines": [
          27.835612,
          27.960148,
          28.309833,
          28.441859
        ]
      },
      {
        "date": "2025-01-10",
        "close": 27.314234,
        "volume": 64865,
        "typical_volume": 44038.35,
        "trend": 28.518454,
        "fair_value": 24.955603,
        "relative_strength": -8.061207,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.414127,
        "energy": 69.74814,
        "activity_lines": [
          27.612152,
          27.823138,
          28.190946,
          28.363148
        ]
      },
      {
        "date": "2025-01-17",
        "close": 27.556347,
        "volume": 64176,
        "typical_volume": 45396.4,
        "trend": 28.497762,
        "fair_value": 24.97692,
        "relative_strength": -9.669663,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.64491,
        "energy": 61.348692,
        "activity_lines": [
          27.546958,
          27.751391,
          28.104763,
          28.301076
        ]
      },
      {
        "date": "2025-01-24",
        "close": 27.94031,
        "volume": 17112,
        "typical_volume": 38290.35,
        "trend": 28.485425,
        "fair_value": 25.001013,
        "relative_strength": -9.745802,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.23258,
        "energy": 39.102742,
        "activity_lines": [
          27.669094,
          27.768645,
          28.062158,
          28.265112
        ]
      },
      {
        "date": "2025-01-31",
        "close": 27.537114,
        "volume": 41299,
        "typical_volume": 39686.55,
        "trend": 28.42622,
        "fair_value": 25.021465,
        "relative_strength": -9.913512,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.79618,
        "energy": 38.020622,
        "activity_lines": [
          27.636613,
          27.706476,
          27.980914,
          28.20393
        ]
      },
      {
        "date": "2025-02-07",
        "close": 27.479323,
        "volume": 53293,
        "typical_volume": 38617.3,
        "trend": 28.355503,
        "fair_value": 25.041128,
        "relative_strength": -9.714719,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.929329,
        "energy": 33.821895,
        "activity_lines": [
          27.586195,
          27.644795,
          27.900925,
          28.14284
        ]
      },
      {
        "date": "2025-02-14",
        "close": 27.648509,
        "volume": 38783,
        "typical_volume": 36084.05,
        "trend": 28.32918,
        "fair_value": 25.061822,
        "relative_strength": -10.23415,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.937333,
        "energy": 29.802567,
        "activity_lines": [
          27.613876,
          27.62179,
          27.845447,
          28.097228
        ]
      },
      {
        "date": "2025-02-21",
        "close": 27.572108,
        "volume": 28873,
        "typical_volume": 35798.2,
        "trend": 28.304787,
        "fair_value": 25.081588,
        "relative_strength": -8.797658,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.441078,
        "energy": 32.385152,
        "activity_lines": [
          27.593806,
          27.599969,
          27.793347,
          28.048384
        ]
      },
      {
        "date": "2025-02-28",
        "close": 26.4464,
        "volume": 49147,
        "typical_volume": 37506.9,
        "trend": 28.260079,
        "fair_value": 25.09225,
        "relative_strength": -11.418854,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -78.108762,
        "energy": 57.746414,
        "activity_lines": [
          27.197448,
          27.389371,
          27.639881,
          27.928488
        ]
      },
      {
        "date": "2025-03-07",
        "close": 26.917983,
        "volume": 62125,
        "typical_volume": 38868.65,
        "trend": 28.221699,
        "fair_value": 25.106403,
        "relative_strength": -6.751941,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.273173,
        "energy": 57.953655,
        "activity_lines": [
          27.057879,
          27.286163,
          27.544657,
          27.841901
        ]
      },
      {
        "date": "2025-03-14",
        "close": 26.780141,
        "volume": 99598,
        "typical_volume": 42364.35,
        "trend": 28.148111,
        "fair_value": 25.119278,
        "relative_strength": -4.884549,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.931121,
        "energy": 62.207349,
        "activity_lines": [
          26.913637,
          27.169513,
          27.447886,
          27.748898
        ]
      },
      {
        "date": "2025-03-21",
        "close": 27.093224,
        "volume": 26367,
        "typical_volume": 42372.85,
        "trend": 28.073228,
        "fair_value": 25.134346,
        "relative_strength": -4.111995,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.765092,
        "energy": 61.318606,
        "activity_lines": [
          26.920369,
          27.128418,
          27.390715,
          27.68084
        ]
      },
      {
        "date": "2025-03-28",
        "close": 26.585294,
        "volume": 99140,
        "typical_volume": 45866.0,
        "trend": 27.991787,
        "fair_value": 25.145339,
        "relative_strength": -4.340449,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.612164,
        "energy": 49.84986,
        "activity_lines": [
          26.79481,
          26.99899,
          27.291786,
          27.584845
        ]
      },
      {
        "date": "2025-04-04",
        "close": 24.613784,
        "volume": 69173,
        "typical_volume": 48083.2,
        "trend": 27.882582,
        "fair_value": 25.141342,
        "relative_strength": -2.440548,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -90.421116,
        "energy": 78.568761,
        "activity_lines": [
          26.077869,
          26.528761,
          27.014744,
          27.366909
        ]
      },
      {
        "date": "2025-04-11",
        "close": 25.781624,
        "volume": 117196,
        "typical_volume": 52738.85,
        "trend": 27.776749,
        "fair_value": 25.14612,
        "relative_strength": -3.130533,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.968466,
        "energy": 66.891671,
        "activity_lines": [
          25.872382,
          26.33135,
          26.863164,
          27.231363
        ]
      },
      {
        "date": "2025-04-18",
        "close": 26.066898,
        "volume": 88908,
        "typical_volume": 56538.1,
        "trend": 27.670888,
        "fair_value": 25.152941,
        "relative_strength": -0.530827,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.775994,
        "energy": 66.088049,
        "activity_lines": [
          25.837743,
          26.217724,
          26.749992,
          27.12105
        ]
      },
      {
        "date": "2025-04-25",
        "close": 26.967293,
        "volume": 467895,
        "typical_volume": 78995.65,
        "trend": 27.573595,
        "fair_value": 25.166281,
        "relative_strength": -1.484354,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.955001,
        "energy": 45.010946,
        "activity_lines": [
          26.150786,
          26.293487,
          26.73137,
          27.075657
        ]
      },
      {
        "date": "2025-05-02",
        "close": 28.097869,
        "volume": 48441,
        "typical_volume": 80399.35,
        "trend": 27.550214,
        "fair_value": 25.18768,
        "relative_strength": -0.119418,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -12.516987,
        "energy": 12.057256,
        "activity_lines": [
          26.849083,
          26.587195,
          26.827615,
          27.109481
        ]
      },
      {
        "date": "2025-05-09",
        "close": 28.036268,
        "volume": 53475,
        "typical_volume": 80828.7,
        "trend": 27.509897,
        "fair_value": 25.208322,
        "relative_strength": 0.196172,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -4.11596,
        "energy": 20.667063,
        "activity_lines": [
          27.426008,
          26.860144,
          26.919653,
          27.14084
        ]
      },
      {
        "date": "2025-05-16",
        "close": 29.017699,
        "volume": 30720,
        "typical_volume": 81148.95,
        "trend": 27.498831,
        "fair_value": 25.235727,
        "relative_strength": -1.355018,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 39.029712,
        "energy": 42.494608,
        "activity_lines": [
          28.101911,
          27.282628,
          27.103259,
          27.238117
        ]
      },
      {
        "date": "2025-05-23",
        "close": 28.848318,
        "volume": 108488,
        "typical_volume": 81453.7,
        "trend": 27.499288,
        "fair_value": 25.261532,
        "relative_strength": 0.738135,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 34.237509,
        "energy": 54.016764,
        "activity_lines": [
          28.505615,
          27.636138,
          27.263779,
          27.325181
        ]
      },
      {
        "date": "2025-05-30",
        "close": 28.728503,
        "volume": 19174,
        "typical_volume": 79169.15,
        "trend": 27.507487,
        "fair_value": 25.28612,
        "relative_strength": -1.324476,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 38.796812,
        "energy": 65.502207,
        "activity_lines": [
          28.683953,
          27.930261,
          27.407918,
          27.404485
        ]
      },
      {
        "date": "2025-06-06",
        "close": 29.495444,
        "volume": 26004,
        "typical_volume": 77260.55,
        "trend": 27.53694,
        "fair_value": 25.315763,
        "relative_strength": -0.242369,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 51.857032,
        "energy": 72.660682,
        "activity_lines": [
          29.000523,
          28.334096,
          27.618365,
          27.53274
        ]
      },
      {
        "date": "2025-06-13",
        "close": 29.552588,
        "volume": 20762,
        "typical_volume": 77443.05,
        "trend": 27.601894,
        "fair_value": 25.345391,
        "relative_strength": 0.400911,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 74.657112,
        "energy": 79.432491,
        "activity_lines": [
          29.242971,
          28.695408,
          27.825021,
          27.662782
        ]
      },
      {
        "date": "2025-06-20",
        "close": 29.401036,
        "volume": 39585,
        "typical_volume": 77357.35,
        "trend": 27.643866,
        "fair_value": 25.373556,
        "relative_strength": 0.160354,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.973837,
        "energy": 70.709978,
        "activity_lines": [
          29.333813,
          28.939369,
          28.009565,
          27.778856
        ]
      },
      {
        "date": "2025-06-27",
        "close": 30.76609,
        "volume": 92163,
        "typical_volume": 79300.85,
        "trend": 27.738916,
        "fair_value": 25.410745,
        "relative_strength": 1.398261,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.79333,
        "energy": 82.686274,
        "activity_lines": [
          29.854117,
          29.365714,
          28.315239,
          27.98029
        ]
      },
      {
        "date": "2025-07-04",
        "close": 31.460736,
        "volume": 20807,
        "typical_volume": 78402.05,
        "trend": 27.838351,
        "fair_value": 25.452184,
        "relative_strength": 2.085489,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 89.781649,
        "energy": 93.614989,
        "activity_lines": [
          30.478118,
          29.832919,
          28.671418,
          28.220407
        ]
      },
      {
        "date": "2025-07-11",
        "close": 30.582345,
        "volume": 19921,
        "typical_volume": 77954.45,
        "trend": 27.909547,
        "fair_value": 25.487083,
        "relative_strength": -0.316942,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.694377,
        "energy": 86.493283,
        "activity_lines": [
          30.627173,
          30.058717,
          28.925788,
          28.397439
        ]
      },
      {
        "date": "2025-07-18",
        "close": 30.607173,
        "volume": 28182,
        "typical_volume": 76906.2,
        "trend": 28.008552,
        "fair_value": 25.521678,
        "relative_strength": -0.722929,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.398823,
        "energy": 86.159048,
        "activity_lines": [
          30.712045,
          30.243857,
          29.168187,
          28.571479
        ]
      },
      {
        "date": "2025-07-25",
        "close": 30.563164,
        "volume": 30263,
        "typical_volume": 75313.1,
        "trend": 28.108756,
        "fair_value": 25.555514,
        "relative_strength": -2.168518,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.512769,
        "energy": 83.127142,
        "activity_lines": [
          30.711941,
          30.374252,
          29.386583,
          28.736293
        ]
      },
      {
        "date": "2025-08-01",
        "close": 30.152112,
        "volume": 48115,
        "typical_volume": 72738.95,
        "trend": 28.186998,
        "fair_value": 25.586158,
        "relative_strength": -0.929849,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.834411,
        "energy": 58.813169,
        "activity_lines": [
          30.497344,
          30.40181,
          29.548472,
          28.868122
        ]
      },
      {
        "date": "2025-08-08",
        "close": 30.529641,
        "volume": 30306,
        "typical_volume": 72935.9,
        "trend": 28.294178,
        "fair_value": 25.618896,
        "relative_strength": -1.915012,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 52.530602,
        "energy": 52.266508,
        "activity_lines": [
          30.449522,
          30.474305,
          29.730259,
          29.019261
        ]
      },
      {
        "date": "2025-08-15",
        "close": 30.681029,
        "volume": 17770,
        "typical_volume": 68867.4,
        "trend": 28.398334,
        "fair_value": 25.652199,
        "relative_strength": -2.185001,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.22825,
        "energy": 52.351156,
        "activity_lines": [
          30.514236,
          30.541577,
          29.910101,
          29.173251
        ]
      },
      {
        "date": "2025-08-22",
        "close": 31.111172,
        "volume": 327113,
        "typical_volume": 81764.4,
        "trend": 28.504029,
        "fair_value": 25.687879,
        "relative_strength": -0.920063,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.691053,
        "energy": 58.75176,
        "activity_lines": [
          30.715752,
          30.665501,
          30.111405,
          29.348273
        ]
      },
      {
        "date": "2025-08-29",
        "close": 30.53717,
        "volume": 19979,
        "typical_volume": 76903.55,
        "trend": 28.604031,
        "fair_value": 25.719368,
        "relative_strength": -2.524082,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.362127,
        "energy": 52.337335,
        "activity_lines": [
          30.692335,
          30.656723,
          30.227102,
          29.479443
        ]
      },
      {
        "date": "2025-09-05",
        "close": 30.689903,
        "volume": 41610,
        "typical_volume": 74538.65,
        "trend": 28.711051,
        "fair_value": 25.751436,
        "relative_strength": -2.180619,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.706303,
        "energy": 50.726214,
        "activity_lines": [
          30.721561,
          30.655057,
          30.334699,
          29.614016
        ]
      },
      {
        "date": "2025-09-12",
        "close": 30.986405,
        "volume": 34093,
        "typical_volume": 52848.55,
        "trend": 28.822314,
        "fair_value": 25.784993,
        "relative_strength": -2.569025,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.96557,
        "energy": 52.917322,
        "activity_lines": [
          30.813768,
          30.708686,
          30.448521,
          29.760813
        ]
      },
      {
        "date": "2025-09-19",
        "close": 31.409018,
        "volume": 13152,
        "typical_volume": 51084.1,
        "trend": 28.950211,
        "fair_value": 25.855088,
        "relative_strength": -2.260877,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.559974,
        "energy": 56.277479,
        "activity_lines": [
          31.016395,
          30.847778,
          30.583453,
          29.927697
        ]
      },
      {
        "date": "2025-09-26",
        "close": 31.168414,
        "volume": 32190,
        "typical_volume": 50019.85,
        "trend": 29.107611,
        "fair_value": 25.927393,
        "relative_strength": -2.508135,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.719877,
        "energy": 58.466947,
        "activity_lines": [
          31.090289,
          30.928094,
          30.679703,
          30.070807
        ]
      },
      {
        "date": "2025-10-03",
        "close": 31.124304,
        "volume": 26308,
        "typical_volume": 49799.25,
        "trend": 29.247822,
        "fair_value": 25.998034,
        "relative_strength": -3.553699,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.195575,
        "energy": 58.017648,
        "activity_lines": [
          31.145663,
          30.990185,
          30.756837,
          30.200916
        ]
      },
      {
        "date": "2025-10-10",
        "close": 30.670414,
        "volume": 28426,
        "typical_volume": 45796.15,
        "trend": 29.377498,
        "fair_value": 26.068623,
        "relative_strength": -2.444241,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.684963,
        "energy": 48.122301,
        "activity_lines": [
          31.010598,
          30.959548,
          30.780711,
          30.292696
        ]
      },
      {
        "date": "2025-10-17",
        "close": 31.395539,
        "volume": 24157,
        "typical_volume": 46045.3,
        "trend": 29.520908,
        "fair_value": 26.139306,
        "relative_strength": -1.707038,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.259595,
        "energy": 47.801088,
        "activity_lines": [
          31.118541,
          31.051329,
          30.864969,
          30.422892
        ]
      },
      {
        "date": "2025-10-24",
        "close": 31.642649,
        "volume": 14189,
        "typical_volume": 45454.55,
        "trend": 29.689487,
        "fair_value": 26.210896,
        "relative_strength": -2.671327,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.530553,
        "energy": 51.297357,
        "activity_lines": [
          31.281578,
          31.172294,
          30.960061,
          30.559779
        ]
      },
      {
        "date": "2025-10-31",
        "close": 31.640668,
        "volume": 27772,
        "typical_volume": 45805.05,
        "trend": 29.923716,
        "fair_value": 26.278538,
        "relative_strength": -3.205065,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.649463,
        "energy": 50.793699,
        "activity_lines": [
          31.428379,
          31.275416,
          31.044739,
          30.685661
        ]
      },
      {
        "date": "2025-11-07",
        "close": 31.627795,
        "volume": 40558,
        "typical_volume": 45853.7,
        "trend": 30.118589,
        "fair_value": 26.338554,
        "relative_strength": -1.594998,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.278954,
        "energy": 52.825103,
        "activity_lines": [
          31.539406,
          31.36657,
          31.118249,
          30.795602
        ]
      },
      {
        "date": "2025-11-14",
        "close": 31.844298,
        "volume": 18925,
        "typical_volume": 42191.8,
        "trend": 30.311169,
        "fair_value": 26.401977,
        "relative_strength": -1.050854,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.73722,
        "energy": 61.615745,
        "activity_lines": [
          31.689034,
          31.477259,
          31.201773,
          30.906938
        ]
      },
      {
        "date": "2025-11-21",
        "close": 31.423536,
        "volume": 19896,
        "typical_volume": 42146.25,
        "trend": 30.45971,
        "fair_value": 26.462112,
        "relative_strength": -0.441124,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.776704,
        "energy": 46.574876,
        "activity_lines": [
          31.620149,
          31.490456,
          31.240091,
          30.978704
        ]
      },
      {
        "date": "2025-11-28",
        "close": 32.091407,
        "volume": 11582,
        "typical_volume": 41729.3,
        "trend": 30.592828,
        "fair_value": 26.523912,
        "relative_strength": -1.952186,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.970346,
        "energy": 52.076173,
        "activity_lines": [
          31.772022,
          31.617137,
          31.342193,
          31.083974
        ]
      },
      {
        "date": "2025-12-05",
        "close": 31.915685,
        "volume": 44947,
        "typical_volume": 42567.55,
        "trend": 30.722142,
        "fair_value": 26.588669,
        "relative_strength": -2.781992,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.685088,
        "energy": 48.478251,
        "activity_lines": [
          31.835403,
          31.699461,
          31.420374,
          31.16932
        ]
      },
      {
        "date": "2025-12-12",
        "close": 32.042524,
        "volume": 64631,
        "typical_volume": 44285.95,
        "trend": 30.822969,
        "fair_value": 26.656818,
        "relative_strength": -1.807323,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.481594,
        "energy": 47.179502,
        "activity_lines": [
          31.92273,
          31.79126,
          31.504403,
          31.254506
        ]
      },
      {
        "date": "2025-12-19",
        "close": 32.22881,
        "volume": 40125,
        "typical_volume": 43886.45,
        "trend": 30.935652,
        "fair_value": 26.725729,
        "relative_strength": -1.357786,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.32337,
        "energy": 54.320032,
        "activity_lines": [
          32.044503,
          31.900234,
          31.599129,
          31.345205
        ]
      },
      {
        "date": "2025-12-26",
        "close": 32.460043,
        "volume": 31211,
        "typical_volume": 43931.7,
        "trend": 31.060037,
        "fair_value": 26.796694,
        "relative_strength": -2.055501,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.468785,
        "energy": 60.339649,
        "activity_lines": [
          32.21772,
          32.022916,
          31.705989,
          31.443553
        ]
      },
      {
        "date": "2026-01-02",
        "close": 32.617428,
        "volume": 61687,
        "typical_volume": 46127.55,
        "trend": 31.164103,
        "fair_value": 26.864072,
        "relative_strength": -0.560868,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.787275,
        "energy": 67.047289,
        "activity_lines": [
          32.374298,
          32.154859,
          31.818645,
          31.54403
        ]
      },
      {
        "date": "2026-01-09",
        "close": 32.865814,
        "volume": 241832,
        "typical_volume": 41863.5,
        "trend": 31.274544,
        "fair_value": 26.928556,
        "relative_strength": -1.367186,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.80069,
        "energy": 76.826316,
        "activity_lines": [
          32.578604,
          32.31424,
          31.945736,
          31.653818
        ]
      },
      {
        "date": "2026-01-16",
        "close": 33.021504,
        "volume": 69259,
        "typical_volume": 44327.5,
        "trend": 31.395226,
        "fair_value": 26.992984,
        "relative_strength": -0.598017,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.138064,
        "energy": 83.261374,
        "activity_lines": [
          32.771464,
          32.479653,
          32.079299,
          31.766525
        ]
      },
      {
        "date": "2026-01-23",
        "close": 33.609876,
        "volume": 33288,
        "typical_volume": 43911.4,
        "trend": 31.490019,
        "fair_value": 27.060171,
        "relative_strength": 1.437636,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.600278,
        "energy": 89.007918,
        "activity_lines": [
          33.095182,
          32.726702,
          32.257067,
          31.909406
        ]
      },
      {
        "date": "2026-01-30",
        "close": 33.453887,
        "volume": 66134,
        "typical_volume": 45513.45,
        "trend": 31.556458,
        "fair_value": 27.12859,
        "relative_strength": 0.484495,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.904306,
        "energy": 83.333327,
        "activity_lines": [
          33.274834,
          32.913288,
          32.406075,
          32.036107
        ]
      },
      {
        "date": "2026-02-06",
        "close": 34.071563,
        "volume": 88610,
        "typical_volume": 49286.35,
        "trend": 31.672765,
        "fair_value": 27.202708,
        "relative_strength": 2.41462,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.542139,
        "energy": 80.312079,
        "activity_lines": [
          33.594121,
          33.175264,
          32.602159,
          32.198372
        ]
      },
      {
        "date": "2026-02-13",
        "close": 33.921355,
        "volume": 954490,
        "typical_volume": 95401.35,
        "trend": 31.783238,
        "fair_value": 27.277,
        "relative_strength": 3.130074,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.79894,
        "energy": 67.86807,
        "activity_lines": [
          33.766396,
          33.373926,
          32.771259,
          32.343442
        ]
      },
      {
        "date": "2026-02-20",
        "close": 34.337492,
        "volume": 158100,
        "typical_volume": 101990.95,
        "trend": 31.909048,
        "fair_value": 27.358531,
        "relative_strength": 3.096321,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.575348,
        "energy": 68.716081,
        "activity_lines": [
          34.007015,
          33.611783,
          32.966881,
          32.508232
        ]
      },
      {
        "date": "2026-02-27",
        "close": 34.068374,
        "volume": 129471,
        "typical_volume": 107043.2,
        "trend": 32.039591,
        "fair_value": 27.435065,
        "relative_strength": 2.612012,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.388808,
        "energy": 62.848956,
        "activity_lines": [
          34.070194,
          33.758982,
          33.121573,
          32.647544
        ]
      },
      {
        "date": "2026-03-06",
        "close": 31.566571,
        "volume": 139978,
        "typical_volume": 112834.25,
        "trend": 32.074155,
        "fair_value": 27.49926,
        "relative_strength": -2.985717,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 20.629463,
        "energy": 21.970377,
        "activity_lines": [
          33.268873,
          33.417861,
          33.021816,
          32.617026
        ]
      },
      {
        "date": "2026-03-13",
        "close": 30.569837,
        "volume": 69067,
        "typical_volume": 115578.15,
        "trend": 32.070448,
        "fair_value": 27.558905,
        "relative_strength": -4.542462,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "up",
        "direction": -6.130173,
        "energy": 20.740672,
        "activity_lines": [
          32.261129,
          32.911762,
          32.826318,
          32.519974
        ]
      },
      {
        "date": "2026-03-20",
        "close": 30.141241,
        "volume": 56446,
        "typical_volume": 117011.85,
        "trend": 32.038117,
        "fair_value": 27.611723,
        "relative_strength": -4.074796,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -43.629925,
        "energy": 47.923225,
        "activity_lines": [
          31.343967,
          32.364964,
          32.595111,
          32.395509
        ]
      },
      {
        "date": "2026-03-27",
        "close": 30.22,
        "volume": 379492,
        "typical_volume": 133958.55,
        "trend": 32.027545,
        "fair_value": 27.661816,
        "relative_strength": -1.599194,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -37.897969,
        "energy": 50.870268,
        "activity_lines": [
          30.705066,
          31.882024,
          32.378544,
          32.278211
        ]
      },
      {
        "date": "2026-04-03",
        "close": 31.3234,
        "volume": 36470,
        "typical_volume": 134835.8,
        "trend": 32.048662,
        "fair_value": 27.719597,
        "relative_strength": -1.328153,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -27.865316,
        "energy": 59.212182,
        "activity_lines": [
          30.708465,
          31.650639,
          32.273766,
          32.232782
        ]
      },
      {
        "date": "2026-04-10",
        "close": 33.036,
        "volume": 42008,
        "typical_volume": 135941.4,
        "trend": 32.116982,
        "fair_value": 27.785254,
        "relative_strength": 0.456239,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -6.697597,
        "energy": 23.06046,
        "activity_lines": [
          31.465728,
          31.772207,
          32.334574,
          32.296481
        ]
      },
      {
        "date": "2026-04-17",
        "close": 33.7679,
        "volume": 30643,
        "typical_volume": 136894.45,
        "trend": 32.195611,
        "fair_value": 27.858709,
        "relative_strength": -1.655264,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 26.168251,
        "energy": 15.243802,
        "activity_lines": [
          32.368996,
          32.034447,
          32.457408,
          32.402992
        ]
      },
      {
        "date": "2026-04-24",
        "close": 32.211921,
        "volume": 50232,
        "typical_volume": 137158.7,
        "trend": 32.230395,
        "fair_value": 27.921086,
        "relative_strength": -6.521937,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 12.50677,
        "energy": 18.64012,
        "activity_lines": [
          32.5404,
          32.019302,
          32.424071,
          32.404044
        ]
      },
      {
        "date": "2026-05-01",
        "close": 31.87379,
        "volume": 90738,
        "typical_volume": 138464.05,
        "trend": 32.255377,
        "fair_value": 27.979792,
        "relative_strength": -8.147928,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 1.89176,
        "energy": 15.634341,
        "activity_lines": [
          32.461049,
          31.97376,
          32.35712,
          32.381038
        ]
      },
      {
        "date": "2026-05-08",
        "close": 32.261646,
        "volume": 58921,
        "typical_volume": 139403.85,
        "trend": 32.308418,
        "fair_value": 28.043544,
        "relative_strength": -8.932284,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 2.961976,
        "energy": 10.565344,
        "activity_lines": [
          32.40073,
          32.043531,
          32.327911,
          32.381442
        ]
      },
      {
        "date": "2026-05-15",
        "close": 31.205783,
        "volume": 138875,
        "typical_volume": 144787.05,
        "trend": 32.302093,
        "fair_value": 28.097595,
        "relative_strength": -11.844108,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -27.595129,
        "energy": 17.015499,
        "activity_lines": [
          31.925907,
          31.954177,
          32.197987,
          32.310304
        ]
      },
      {
        "date": "2026-05-22",
        "close": 31.332582,
        "volume": 190082,
        "typical_volume": 151206.8,
        "trend": 32.291758,
        "fair_value": 28.149454,
        "relative_strength": -11.958197,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -52.818896,
        "energy": 34.550033,
        "activity_lines": [
          31.615365,
          31.894437,
          32.086112,
          32.247755
        ]
      },
      {
        "date": "2026-05-29",
        "close": 31.727996,
        "volume": 80681,
        "typical_volume": 143149.25,
        "trend": 32.294669,
        "fair_value": 28.201893,
        "relative_strength": -11.863259,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -48.41586,
        "energy": 32.458072,
        "activity_lines": [
          31.598983,
          31.892722,
          32.018014,
          32.211383
        ]
      },
      {
        "date": "2026-06-05",
        "close": 30.561048,
        "volume": 59210,
        "typical_volume": 142646.8,
        "trend": 32.25911,
        "fair_value": 28.244455,
        "relative_strength": -12.630869,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -66.380912,
        "energy": 56.352841,
        "activity_lines": [
          31.225879,
          31.649985,
          31.844196,
          32.099537
        ]
      },
      {
        "date": "2026-06-12",
        "close": 31.637696,
        "volume": 47572,
        "typical_volume": 143361.0,
        "trend": 32.252224,
        "fair_value": 28.291127,
        "relative_strength": -9.793751,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -51.166246,
        "energy": 45.603415,
        "activity_lines": [
          31.299174,
          31.596802,
          31.784633,
          32.059446
        ]
      },
      {
        "date": "2026-06-19",
        "close": 32.019883,
        "volume": 91296,
        "typical_volume": 144619.1,
        "trend": 32.272102,
        "fair_value": 28.344958,
        "relative_strength": -9.281911,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -47.619903,
        "energy": 26.052986,
        "activity_lines": [
          31.541461,
          31.607392,
          31.770859,
          32.044456
        ]
      },
      {
        "date": "2026-06-26",
        "close": 31.6652,
        "volume": 84889,
        "typical_volume": 144433.05,
        "trend": 32.257895,
        "fair_value": 28.394865,
        "relative_strength": -7.834297,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -36.394636,
        "energy": 21.289951,
        "activity_lines": [
          31.611247,
          31.571969,
          31.730135,
          32.005301
        ]
      },
      {
        "date": "2026-07-03",
        "close": 31.8194,
        "volume": 43782,
        "typical_volume": 98897.65,
        "trend": 32.254685,
        "fair_value": 28.446906,
        "relative_strength": -9.046791,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -30.852531,
        "energy": 15.190094,
        "activity_lines": [
          31.710259,
          31.602814,
          31.715555,
          31.977011
        ]
      },
      {
        "date": "2026-07-10",
        "close": 32.113,
        "volume": 25052,
        "typical_volume": 92245.25,
        "trend": 32.257035,
        "fair_value": 28.494439,
        "relative_strength": -9.182144,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -22.399124,
        "energy": 14.591047,
        "activity_lines": [
          31.901044,
          31.694177,
          31.738947,
          31.96787
        ]
      },
      {
        "date": "2026-07-17",
        "close": 31.7417,
        "volume": 37369,
        "typical_volume": 87640.15,
        "trend": 32.240798,
        "fair_value": 28.540691,
        "relative_strength": -8.576088,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -25.463751,
        "energy": 13.316748,
        "activity_lines": [
          31.864599,
          31.713682,
          31.737569,
          31.934623
        ]
      },
      {
        "date": "2026-07-24",
        "close": 31.3392,
        "volume": 112658,
        "typical_volume": 86274.15,
        "trend": 32.203436,
        "fair_value": 28.581117,
        "relative_strength": -8.974525,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -38.44263,
        "energy": 15.810679,
        "activity_lines": [
          31.687053,
          31.669458,
          31.708938,
          31.876455
        ]
      },
      {
        "date": "2026-07-31",
        "close": 32.1952,
        "volume": 142848,
        "typical_volume": 89963.2,
        "trend": 32.189362,
        "fair_value": 28.632037,
        "relative_strength": -7.275004,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -7.049639,
        "energy": 5.848901,
        "activity_lines": [
          31.84022,
          31.778446,
          31.762913,
          31.875924
        ]
      },
      {
        "date": "2026-08-07",
        "close": 32.666,
        "volume": 68544,
        "typical_volume": 90568.1,
        "trend": 32.182702,
        "fair_value": 28.688893,
        "relative_strength": -8.8767,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 5.476882,
        "energy": 11.568519,
        "activity_lines": [
          32.114987,
          31.957349,
          31.853987,
          31.906675
        ]
      }
    ],
    "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."
    }
  }
}