{
  "ticker": {
    "uuid": "906a1f50-f5b1-48f8-a221-d8bce7a25f33",
    "symbol": "SPYY",
    "name": "State Street SPDR MSCI All Country World UCITS ETF",
    "exchange": "GER",
    "country": "DE",
    "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": "^GDAXI",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "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": 80.069,
    "architecture_energy": 59.975,
    "architecture_maturity": 89.264,
    "architecture_confidence": 71.213,
    "architecture_tenure": "Established",
    "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": 23.53,
        "rotation_up": 49.95,
        "upward_expansion": 81.19,
        "deceleration": 71.42,
        "rotation_down": 29.24,
        "downward_expansion": 10.19
      },
      "activity_lines": [
        281.466669,
        280.840911,
        276.963096,
        271.162689
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 286.700012,
    "trend_reference": 264.295,
    "distance_from_trend": 0.084773,
    "trend_direction": "Improving",
    "fair_value": 220.734423,
    "distance_from_fair_value": 0.298846,
    "fair_value_direction": "Improving",
    "relative_strength": 4.326742,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.140414,
    "excess_performance": 0.075774,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.084773,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.045664,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.298846,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.028614,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.043267,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.064074,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.140414,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.709349,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 66142,
      "relative_activity": 0.844933,
      "balance": 2.709349,
      "dry_up": 0.940707,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.019237,
      "annualized_volatility": 0.113148,
      "from_high_reference": -0.003476,
      "from_low_reference": 0.256905
    },
    "levels": {
      "trend_reference": 264.295,
      "fair_value_reference": 220.734423,
      "structural_low": 238.850006,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 40,
        "median_return": 0.011604,
        "positive_rate": 0.65,
        "directional_follow_through": 0.65,
        "median_excess_return": 0.005306,
        "regime_survival": 0.875,
        "best_return": 0.059374,
        "worst_return": -0.078697,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
        "median_return": 0.024215,
        "positive_rate": 0.769231,
        "directional_follow_through": 0.769231,
        "median_excess_return": 0.027871,
        "regime_survival": 0.615385,
        "best_return": 0.094763,
        "worst_return": -0.144575,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.080222,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.714286,
        "median_excess_return": 0.042879,
        "regime_survival": 0.571429,
        "best_return": 0.144443,
        "worst_return": -0.075752,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.066255,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.044187,
        "regime_survival": 0.333333,
        "best_return": 0.213694,
        "worst_return": -0.001607,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-09-15",
        "end": "2023-10-13",
        "tenure": "Developing",
        "return": -0.017678,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-10-20",
        "end": "2023-10-27",
        "tenure": "New",
        "return": -0.018007,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2023-11-03",
        "end": "2023-11-10",
        "tenure": "New",
        "return": 0.002232,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-11-17",
        "end": "2023-12-01",
        "tenure": "New",
        "return": 0.01848,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-08",
        "end": "2024-08-02",
        "tenure": "Extended",
        "return": 0.115734,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-09",
        "end": "2024-09-27",
        "tenure": "Developing",
        "return": 0.065923,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-04",
        "end": "2025-02-28",
        "tenure": "Established",
        "return": 0.074755,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-07",
        "end": "2025-04-11",
        "tenure": "Developing",
        "return": -0.112988,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-05-30",
        "tenure": "Developing",
        "return": 0.110856,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-06",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.009054,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-18",
        "end": "2025-08-22",
        "tenure": "Developing",
        "return": 0.029105,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-29",
        "end": "2026-03-27",
        "tenure": "Extended",
        "return": 0.041938,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-04-03",
        "end": "2026-04-24",
        "tenure": "New",
        "return": 0.063402,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-01",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": 0.094693,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 167.940002,
        "volume": 24927,
        "typical_volume": 28532.65,
        "trend": 165.551334,
        "fair_value": 158.456411,
        "relative_strength": -2.394231,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.932507,
        "energy": 35.246899,
        "activity_lines": [
          170.929334,
          171.055637,
          169.613524,
          167.650753
        ]
      },
      {
        "date": "2023-08-25",
        "close": 170.139999,
        "volume": 31881,
        "typical_volume": 28482.25,
        "trend": 165.798001,
        "fair_value": 158.723334,
        "relative_strength": -1.089545,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 37.846757,
        "energy": 21.279259,
        "activity_lines": [
          170.370667,
          170.903637,
          169.859429,
          167.946796
        ]
      },
      {
        "date": "2023-09-01",
        "close": 174.660004,
        "volume": 19467,
        "typical_volume": 28671.45,
        "trend": 166.102667,
        "fair_value": 159.037693,
        "relative_strength": 0.495218,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 58.001428,
        "energy": 31.197059,
        "activity_lines": [
          171.460002,
          171.606547,
          170.490953,
          168.518538
        ]
      },
      {
        "date": "2023-09-08",
        "close": 173.919998,
        "volume": 23686,
        "typical_volume": 28146.75,
        "trend": 166.428,
        "fair_value": 159.35,
        "relative_strength": 1.010664,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 61.228972,
        "energy": 36.525333,
        "activity_lines": [
          172.364,
          172.061092,
          170.99162,
          169.022882
        ]
      },
      {
        "date": "2023-09-15",
        "close": 175.360001,
        "volume": 15637,
        "typical_volume": 26556.8,
        "trend": 166.820667,
        "fair_value": 159.670385,
        "relative_strength": 1.139451,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.746686,
        "energy": 52.405582,
        "activity_lines": [
          173.645334,
          172.730546,
          171.571715,
          169.59914
        ]
      },
      {
        "date": "2023-09-22",
        "close": 171.619995,
        "volume": 21663,
        "typical_volume": 25625.75,
        "trend": 167.176,
        "fair_value": 159.974487,
        "relative_strength": 1.439143,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.110407,
        "energy": 46.667746,
        "activity_lines": [
          173.383999,
          172.603636,
          171.729333,
          169.908774
        ]
      },
      {
        "date": "2023-09-29",
        "close": 170.979996,
        "volume": 55208,
        "typical_volume": 26359.25,
        "trend": 167.428667,
        "fair_value": 160.260513,
        "relative_strength": 2.484918,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 51.733434,
        "energy": 34.045653,
        "activity_lines": [
          172.663998,
          172.331272,
          171.776666,
          170.154193
        ]
      },
      {
        "date": "2023-10-06",
        "close": 169.300003,
        "volume": 100518,
        "typical_volume": 30162.75,
        "trend": 167.766667,
        "fair_value": 160.515513,
        "relative_strength": 2.814721,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 26.74158,
        "energy": 14.252357,
        "activity_lines": [
          171.327999,
          171.776727,
          171.625238,
          170.274925
        ]
      },
      {
        "date": "2023-10-13",
        "close": 172.259995,
        "volume": 23815,
        "typical_volume": 30052.8,
        "trend": 168.272666,
        "fair_value": 160.781667,
        "relative_strength": 5.102843,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 32.412731,
        "energy": 18.603827,
        "activity_lines": [
          171.335998,
          171.874544,
          171.738666,
          170.564817
        ]
      },
      {
        "date": "2023-10-20",
        "close": 166.600006,
        "volume": 54212,
        "typical_volume": 31594.8,
        "trend": 168.586667,
        "fair_value": 161.026667,
        "relative_strength": 4.498095,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": -5.760855,
        "energy": 15.625679,
        "activity_lines": [
          169.568,
          170.945454,
          171.286286,
          170.456903
        ]
      },
      {
        "date": "2023-10-27",
        "close": 163.600006,
        "volume": 129909,
        "typical_volume": 35581.9,
        "trend": 168.653334,
        "fair_value": 161.282051,
        "relative_strength": 3.553741,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -37.633884,
        "energy": 40.835941,
        "activity_lines": [
          167.384003,
          169.549455,
          170.560382,
          170.135183
        ]
      },
      {
        "date": "2023-11-03",
        "close": 170.240005,
        "volume": 91007,
        "typical_volume": 39173.05,
        "trend": 168.970667,
        "fair_value": 161.535641,
        "relative_strength": 4.28932,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -15.103428,
        "energy": 30.831178,
        "activity_lines": [
          167.948004,
          169.439638,
          170.496573,
          170.237549
        ]
      },
      {
        "date": "2023-11-10",
        "close": 170.619995,
        "volume": 28047,
        "typical_volume": 39707.4,
        "trend": 169.258667,
        "fair_value": 161.771539,
        "relative_strength": 4.23635,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -11.71993,
        "energy": 23.132622,
        "activity_lines": [
          168.688001,
          169.397092,
          170.477143,
          170.343957
        ]
      },
      {
        "date": "2023-11-17",
        "close": 173.160004,
        "volume": 70610,
        "typical_volume": 42125.35,
        "trend": 169.637334,
        "fair_value": 162.014616,
        "relative_strength": 1.286045,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 38.782278,
        "energy": 17.077112,
        "activity_lines": [
          170.186669,
          169.88982,
          170.689048,
          170.595657
        ]
      },
      {
        "date": "2023-11-24",
        "close": 174.259995,
        "volume": 18103,
        "typical_volume": 42029.95,
        "trend": 170.064667,
        "fair_value": 162.255257,
        "relative_strength": 1.285978,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 49.445854,
        "energy": 33.019664,
        "activity_lines": [
          171.991999,
          170.596364,
          170.997048,
          170.893893
        ]
      },
      {
        "date": "2023-12-01",
        "close": 176.360001,
        "volume": 20886,
        "typical_volume": 41939.5,
        "trend": 170.568,
        "fair_value": 162.508718,
        "relative_strength": 0.292622,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 69.266725,
        "energy": 52.494994,
        "activity_lines": [
          173.986666,
          171.704728,
          171.47981,
          171.300043
        ]
      },
      {
        "date": "2023-12-08",
        "close": 178.339996,
        "volume": 5372,
        "typical_volume": 40307.7,
        "trend": 171.084667,
        "fair_value": 162.781282,
        "relative_strength": -0.681037,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.871998,
        "energy": 75.296043,
        "activity_lines": [
          175.790665,
          173.086909,
          172.120952,
          171.801462
        ]
      },
      {
        "date": "2023-12-15",
        "close": 181.0,
        "volume": 29583,
        "typical_volume": 40388.8,
        "trend": 171.594,
        "fair_value": 163.063205,
        "relative_strength": 0.905628,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.030552,
        "energy": 85.692119,
        "activity_lines": [
          177.941332,
          174.818909,
          172.986476,
          172.441161
        ]
      },
      {
        "date": "2023-12-22",
        "close": 180.779999,
        "volume": 11861,
        "typical_volume": 39779.15,
        "trend": 172.065334,
        "fair_value": 163.342949,
        "relative_strength": 1.100601,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.39956,
        "energy": 87.228667,
        "activity_lines": [
          179.326665,
          176.298181,
          173.805238,
          173.033806
        ]
      },
      {
        "date": "2023-12-29",
        "close": 181.559998,
        "volume": 8559,
        "typical_volume": 39247.55,
        "trend": 172.478667,
        "fair_value": 163.622051,
        "relative_strength": 1.296179,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.361843,
        "energy": 87.861572,
        "activity_lines": [
          180.463999,
          177.764363,
          174.658285,
          173.646365
        ]
      },
      {
        "date": "2024-01-05",
        "close": 180.119995,
        "volume": 19414,
        "typical_volume": 38971.9,
        "trend": 172.821333,
        "fair_value": 163.866795,
        "relative_strength": 1.435381,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.986358,
        "energy": 82.942388,
        "activity_lines": [
          180.634664,
          178.696725,
          175.323523,
          174.139354
        ]
      },
      {
        "date": "2024-01-12",
        "close": 182.139999,
        "volume": 20732,
        "typical_volume": 38414.45,
        "trend": 173.160666,
        "fair_value": 164.121026,
        "relative_strength": 1.834497,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.344764,
        "energy": 80.685427,
        "activity_lines": [
          181.227998,
          179.695998,
          176.123142,
          174.740559
        ]
      },
      {
        "date": "2024-01-19",
        "close": 182.419998,
        "volume": 19745,
        "typical_volume": 38428.35,
        "trend": 173.628,
        "fair_value": 164.369615,
        "relative_strength": 2.826208,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.863449,
        "energy": 77.767277,
        "activity_lines": [
          181.661331,
          180.529816,
          176.892285,
          175.337935
        ]
      },
      {
        "date": "2024-01-26",
        "close": 186.699997,
        "volume": 26491,
        "typical_volume": 38568.6,
        "trend": 174.14,
        "fair_value": 164.671538,
        "relative_strength": 2.669159,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.548742,
        "energy": 87.51789,
        "activity_lines": [
          183.426664,
          181.92727,
          178.032094,
          176.18129
        ]
      },
      {
        "date": "2024-02-02",
        "close": 188.899994,
        "volume": 30872,
        "typical_volume": 39330.35,
        "trend": 174.804666,
        "fair_value": 164.94359,
        "relative_strength": 4.056278,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 91.433153,
        "energy": 95.736496,
        "activity_lines": [
          185.530663,
          183.478543,
          179.32057,
          177.133547
        ]
      },
      {
        "date": "2024-02-09",
        "close": 190.820007,
        "volume": 43877,
        "typical_volume": 40441.05,
        "trend": 175.498,
        "fair_value": 165.218974,
        "relative_strength": 4.959059,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.142494,
        "energy": 95.976639,
        "activity_lines": [
          187.785333,
          185.112726,
          180.727428,
          178.166795
        ]
      },
      {
        "date": "2024-02-16",
        "close": 192.720001,
        "volume": 24001,
        "typical_volume": 38880.7,
        "trend": 176.18,
        "fair_value": 165.506795,
        "relative_strength": 4.691819,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.484761,
        "energy": 96.443095,
        "activity_lines": [
          189.96,
          186.829454,
          182.223809,
          179.277892
        ]
      },
      {
        "date": "2024-02-23",
        "close": 194.240005,
        "volume": 23325,
        "typical_volume": 35021.05,
        "trend": 176.802,
        "fair_value": 165.831795,
        "relative_strength": 3.583597,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.314677,
        "energy": 95.305253,
        "activity_lines": [
          191.936002,
          188.561091,
          183.761428,
          180.443053
        ]
      },
      {
        "date": "2024-03-01",
        "close": 195.039993,
        "volume": 13481,
        "typical_volume": 34504.35,
        "trend": 177.557333,
        "fair_value": 166.165384,
        "relative_strength": 2.065781,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.453457,
        "energy": 93.664436,
        "activity_lines": [
          193.390666,
          190.197454,
          185.256475,
          181.619698
        ]
      },
      {
        "date": "2024-03-08",
        "close": 195.240005,
        "volume": 46232,
        "typical_volume": 34105.35,
        "trend": 178.368,
        "fair_value": 166.468974,
        "relative_strength": 1.598198,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.346351,
        "energy": 88.268178,
        "activity_lines": [
          194.356001,
          191.610909,
          186.662095,
          182.760516
        ]
      },
      {
        "date": "2024-03-15",
        "close": 194.580002,
        "volume": 16648,
        "typical_volume": 28442.3,
        "trend": 179.256,
        "fair_value": 166.763077,
        "relative_strength": 0.527289,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.37498,
        "energy": 68.366596,
        "activity_lines": [
          194.678668,
          192.655637,
          187.868476,
          183.806451
        ]
      },
      {
        "date": "2024-03-22",
        "close": 199.360001,
        "volume": 32305,
        "typical_volume": 25507.2,
        "trend": 180.23,
        "fair_value": 167.08141,
        "relative_strength": 1.39356,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.968331,
        "energy": 74.903904,
        "activity_lines": [
          196.344001,
          194.306546,
          189.382571,
          185.103484
        ]
      },
      {
        "date": "2024-03-29",
        "close": 200.449997,
        "volume": 19529,
        "typical_volume": 25081.3,
        "trend": 181.089666,
        "fair_value": 167.389295,
        "relative_strength": 0.278967,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.490027,
        "energy": 74.038958,
        "activity_lines": [
          197.93,
          195.842546,
          190.861809,
          186.408
        ]
      },
      {
        "date": "2024-04-05",
        "close": 198.100006,
        "volume": 28894,
        "typical_volume": 22995.5,
        "trend": 181.895667,
        "fair_value": 167.67532,
        "relative_strength": 0.727576,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.609351,
        "energy": 66.927301,
        "activity_lines": [
          198.318669,
          196.623456,
          191.975191,
          187.505441
        ]
      },
      {
        "date": "2024-04-12",
        "close": 199.479996,
        "volume": 23377,
        "typical_volume": 23259.2,
        "trend": 182.699666,
        "fair_value": 167.960064,
        "relative_strength": 2.653371,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.403322,
        "energy": 68.254234,
        "activity_lines": [
          198.963333,
          197.448001,
          193.101238,
          188.639914
        ]
      },
      {
        "date": "2024-04-19",
        "close": 193.520004,
        "volume": 27466,
        "typical_volume": 23588.2,
        "trend": 183.429667,
        "fair_value": 168.214167,
        "relative_strength": 0.540822,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.746441,
        "energy": 60.653763,
        "activity_lines": [
          197.338668,
          196.996546,
          193.539572,
          189.338
        ]
      },
      {
        "date": "2024-04-26",
        "close": 197.399994,
        "volume": 13694,
        "typical_volume": 24004.3,
        "trend": 184.310333,
        "fair_value": 168.492756,
        "relative_strength": 0.034777,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 53.719528,
        "energy": 50.137147,
        "activity_lines": [
          197.077999,
          197.201454,
          194.265714,
          190.239312
        ]
      },
      {
        "date": "2024-05-03",
        "close": 197.639999,
        "volume": 42042,
        "typical_volume": 24627.25,
        "trend": 185.255,
        "fair_value": 168.766987,
        "relative_strength": 0.886966,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.537498,
        "energy": 45.583963,
        "activity_lines": [
          197.027999,
          197.364909,
          194.923952,
          191.09929
        ]
      },
      {
        "date": "2024-05-10",
        "close": 201.100006,
        "volume": 24432,
        "typical_volume": 25255.8,
        "trend": 186.216333,
        "fair_value": 169.080449,
        "relative_strength": -1.647538,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.816269,
        "energy": 52.993062,
        "activity_lines": [
          198.318667,
          198.095637,
          195.832477,
          192.121548
        ]
      },
      {
        "date": "2024-05-17",
        "close": 202.649994,
        "volume": 17664,
        "typical_volume": 25711.05,
        "trend": 187.418,
        "fair_value": 169.401667,
        "relative_strength": -0.641285,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.527393,
        "energy": 62.974352,
        "activity_lines": [
          199.925999,
          198.997999,
          196.791857,
          193.181785
        ]
      },
      {
        "date": "2024-05-24",
        "close": 202.25,
        "volume": 9178,
        "typical_volume": 25199.25,
        "trend": 188.706333,
        "fair_value": 169.7075,
        "relative_strength": -0.847659,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.788113,
        "energy": 66.370395,
        "activity_lines": [
          201.188666,
          199.692909,
          197.612714,
          194.138688
        ]
      },
      {
        "date": "2024-05-31",
        "close": 199.039993,
        "volume": 14675,
        "typical_volume": 24896.4,
        "trend": 189.666332,
        "fair_value": 169.985705,
        "relative_strength": -1.428895,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.399967,
        "energy": 56.794986,
        "activity_lines": [
          200.799331,
          199.664725,
          198.022475,
          194.805376
        ]
      },
      {
        "date": "2024-06-07",
        "close": 204.100006,
        "volume": 12753,
        "typical_volume": 24546.8,
        "trend": 190.782333,
        "fair_value": 170.287756,
        "relative_strength": 0.691746,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.630952,
        "energy": 60.343668,
        "activity_lines": [
          201.987333,
          200.562363,
          198.833667,
          195.73658
        ]
      },
      {
        "date": "2024-06-14",
        "close": 206.399994,
        "volume": 19777,
        "typical_volume": 24211.1,
        "trend": 191.890332,
        "fair_value": 170.601731,
        "relative_strength": 4.791346,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.915642,
        "energy": 63.222458,
        "activity_lines": [
          203.511331,
          201.811817,
          199.760666,
          196.744171
        ]
      },
      {
        "date": "2024-06-21",
        "close": 208.100006,
        "volume": 21514,
        "typical_volume": 23743.2,
        "trend": 193.018333,
        "fair_value": 170.91109,
        "relative_strength": 4.564522,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.570796,
        "energy": 69.703192,
        "activity_lines": [
          205.248667,
          203.219454,
          200.755762,
          197.789957
        ]
      },
      {
        "date": "2024-06-28",
        "close": 209.050003,
        "volume": 16635,
        "typical_volume": 22381.1,
        "trend": 194.108,
        "fair_value": 171.214744,
        "relative_strength": 4.471077,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.051095,
        "energy": 87.018684,
        "activity_lines": [
          206.939335,
          204.643091,
          201.749905,
          198.824258
        ]
      },
      {
        "date": "2024-07-05",
        "close": 209.449997,
        "volume": 11519,
        "typical_volume": 21757.0,
        "trend": 195.145,
        "fair_value": 171.520192,
        "relative_strength": 3.219333,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.078698,
        "energy": 88.13914,
        "activity_lines": [
          208.310001,
          205.857091,
          202.695333,
          199.814064
        ]
      },
      {
        "date": "2024-07-12",
        "close": 211.850006,
        "volume": 25314,
        "typical_volume": 21856.45,
        "trend": 196.173333,
        "fair_value": 171.841667,
        "relative_strength": 2.7497,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.304306,
        "energy": 90.913016,
        "activity_lines": [
          209.786669,
          207.288365,
          203.789667,
          200.891807
        ]
      },
      {
        "date": "2024-07-19",
        "close": 207.0,
        "volume": 23756,
        "typical_volume": 22370.2,
        "trend": 197.047333,
        "fair_value": 172.119231,
        "relative_strength": 3.446708,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.880899,
        "energy": 73.678203,
        "activity_lines": [
          209.130002,
          207.579456,
          204.338238,
          201.590301
        ]
      },
      {
        "date": "2024-07-26",
        "close": 205.449997,
        "volume": 15782,
        "typical_volume": 20847.7,
        "trend": 197.843666,
        "fair_value": 172.398398,
        "relative_strength": 1.21546,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.661773,
        "energy": 54.148221,
        "activity_lines": [
          207.916667,
          207.481455,
          204.682238,
          202.132409
        ]
      },
      {
        "date": "2024-08-02",
        "close": 198.979996,
        "volume": 18908,
        "typical_volume": 20960.7,
        "trend": 198.472333,
        "fair_value": 172.619551,
        "relative_strength": 2.143955,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 21.842501,
        "energy": 17.443696,
        "activity_lines": [
          204.723332,
          206.156182,
          204.361428,
          202.20572
        ]
      },
      {
        "date": "2024-08-09",
        "close": 199.779999,
        "volume": 65533,
        "typical_volume": 22622.1,
        "trend": 199.060333,
        "fair_value": 172.841218,
        "relative_strength": 2.112959,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 11.351669,
        "energy": 20.785988,
        "activity_lines": [
          202.467998,
          205.035818,
          204.095857,
          202.290086
        ]
      },
      {
        "date": "2024-08-16",
        "close": 206.550003,
        "volume": 40569,
        "typical_volume": 23674.1,
        "trend": 199.864667,
        "fair_value": 173.114744,
        "relative_strength": 2.031793,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.614574,
        "energy": 24.919624,
        "activity_lines": [
          203.114,
          205.132909,
          204.473048,
          202.77329
        ]
      },
      {
        "date": "2024-08-23",
        "close": 206.800003,
        "volume": 20984,
        "typical_volume": 23278.6,
        "trend": 200.534667,
        "fair_value": 173.378077,
        "relative_strength": 0.414433,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.473842,
        "energy": 22.105303,
        "activity_lines": [
          204.196668,
          205.23091,
          204.845,
          203.220731
        ]
      },
      {
        "date": "2024-08-30",
        "close": 208.300003,
        "volume": 39488,
        "typical_volume": 24084.15,
        "trend": 201.181334,
        "fair_value": 173.645641,
        "relative_strength": -0.320441,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 55.174274,
        "energy": 27.450184,
        "activity_lines": [
          205.792669,
          205.594365,
          205.318381,
          203.721721
        ]
      },
      {
        "date": "2024-09-06",
        "close": 201.050003,
        "volume": 20755,
        "typical_volume": 23748.6,
        "trend": 201.522334,
        "fair_value": 173.872244,
        "relative_strength": -0.59826,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 19.383481,
        "energy": 15.118281,
        "activity_lines": [
          204.782003,
          204.636001,
          205.059287,
          203.713248
        ]
      },
      {
        "date": "2024-09-13",
        "close": 207.699997,
        "volume": 25075,
        "typical_volume": 24317.65,
        "trend": 202.021667,
        "fair_value": 174.148013,
        "relative_strength": 0.493753,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 42.955794,
        "energy": 24.357634,
        "activity_lines": [
          205.850001,
          205.032182,
          205.397667,
          204.111807
        ]
      },
      {
        "date": "2024-09-20",
        "close": 208.850006,
        "volume": 17224,
        "typical_volume": 23076.75,
        "trend": 202.508667,
        "fair_value": 174.430385,
        "relative_strength": 0.916972,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 47.805258,
        "energy": 27.306885,
        "activity_lines": [
          206.773336,
          205.669274,
          205.796525,
          204.552345
        ]
      },
      {
        "date": "2024-09-27",
        "close": 212.949997,
        "volume": 40145,
        "typical_volume": 23862.4,
        "trend": 203.105667,
        "fair_value": 174.755834,
        "relative_strength": -1.053549,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 67.429841,
        "energy": 47.530687,
        "activity_lines": [
          208.910001,
          207.106365,
          206.532477,
          205.225979
        ]
      },
      {
        "date": "2024-10-04",
        "close": 214.699997,
        "volume": 47396,
        "typical_volume": 25349.0,
        "trend": 203.754334,
        "fair_value": 175.075577,
        "relative_strength": 1.579906,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.22467,
        "energy": 66.69818,
        "activity_lines": [
          211.219999,
          208.753455,
          207.378667,
          205.974
        ]
      },
      {
        "date": "2024-10-11",
        "close": 217.5,
        "volume": 34166,
        "typical_volume": 26598.4,
        "trend": 204.518333,
        "fair_value": 175.394167,
        "relative_strength": 1.581934,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.327875,
        "energy": 74.702786,
        "activity_lines": [
          214.036666,
          210.741455,
          208.434143,
          206.860817
        ]
      },
      {
        "date": "2024-10-18",
        "close": 220.199997,
        "volume": 47082,
        "typical_volume": 28218.75,
        "trend": 205.213,
        "fair_value": 175.722244,
        "relative_strength": 1.369418,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.994824,
        "energy": 82.183049,
        "activity_lines": [
          216.656665,
          212.883636,
          209.674143,
          207.872538
        ]
      },
      {
        "date": "2024-10-25",
        "close": 219.199997,
        "volume": 38566,
        "typical_volume": 29509.4,
        "trend": 205.838,
        "fair_value": 176.031603,
        "relative_strength": 1.891859,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.852474,
        "energy": 81.190406,
        "activity_lines": [
          218.109998,
          214.472726,
          210.718143,
          208.774925
        ]
      },
      {
        "date": "2024-11-01",
        "close": 215.949997,
        "volume": 38063,
        "typical_volume": 30423.7,
        "trend": 206.433,
        "fair_value": 176.299231,
        "relative_strength": 1.467432,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.503436,
        "energy": 76.714522,
        "activity_lines": [
          217.789997,
          215.240907,
          211.380714,
          209.427311
        ]
      },
      {
        "date": "2024-11-08",
        "close": 224.199997,
        "volume": 85203,
        "typical_volume": 33608.15,
        "trend": 207.257,
        "fair_value": 176.610898,
        "relative_strength": 5.47443,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.58977,
        "energy": 84.805371,
        "activity_lines": [
          220.019997,
          217.342725,
          212.783523,
          210.573569
        ]
      },
      {
        "date": "2024-11-15",
        "close": 223.25,
        "volume": 66356,
        "typical_volume": 36094.2,
        "trend": 208.248,
        "fair_value": 176.904551,
        "relative_strength": 4.91741,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.606217,
        "energy": 81.12209,
        "activity_lines": [
          221.299998,
          218.982725,
          214.01919,
          211.605376
        ]
      },
      {
        "date": "2024-11-22",
        "close": 229.149994,
        "volume": 34181,
        "typical_volume": 37227.3,
        "trend": 209.306333,
        "fair_value": 177.272949,
        "relative_strength": 6.883826,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 86.062844,
        "energy": 86.147172,
        "activity_lines": [
          224.16333,
          221.291816,
          215.749141,
          212.953892
        ]
      },
      {
        "date": "2024-11-29",
        "close": 228.649994,
        "volume": 84563,
        "typical_volume": 40189.75,
        "trend": 210.339999,
        "fair_value": 177.646987,
        "relative_strength": 4.836837,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.974421,
        "energy": 88.216357,
        "activity_lines": [
          226.263329,
          223.119997,
          217.337665,
          214.20187
        ]
      },
      {
        "date": "2024-12-06",
        "close": 231.0,
        "volume": 43417,
        "typical_volume": 41172.8,
        "trend": 211.336666,
        "fair_value": 178.006731,
        "relative_strength": 1.853319,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.65813,
        "energy": 90.325542,
        "activity_lines": [
          228.516664,
          225.015452,
          219.069998,
          215.534773
        ]
      },
      {
        "date": "2024-12-13",
        "close": 230.600006,
        "volume": 77643,
        "typical_volume": 44265.85,
        "trend": 212.268333,
        "fair_value": 178.370321,
        "relative_strength": 1.483833,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.543955,
        "energy": 89.027632,
        "activity_lines": [
          229.633333,
          226.509999,
          220.649951,
          216.777569
        ]
      },
      {
        "date": "2024-12-20",
        "close": 227.649994,
        "volume": 95966,
        "typical_volume": 48118.75,
        "trend": 213.114999,
        "fair_value": 178.698205,
        "relative_strength": 2.700127,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.94894,
        "energy": 75.104549,
        "activity_lines": [
          229.339998,
          227.179089,
          221.829189,
          217.769934
        ]
      },
      {
        "date": "2024-12-27",
        "close": 228.050003,
        "volume": 30272,
        "typical_volume": 46355.7,
        "trend": 214.082,
        "fair_value": 179.018526,
        "relative_strength": 2.26688,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.585902,
        "energy": 61.89531,
        "activity_lines": [
          228.886667,
          227.736363,
          222.909999,
          218.733483
        ]
      },
      {
        "date": "2025-01-03",
        "close": 229.5,
        "volume": 33111,
        "typical_volume": 45982.8,
        "trend": 214.928666,
        "fair_value": 179.369295,
        "relative_strength": 3.201619,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.67729,
        "energy": 57.864052,
        "activity_lines": [
          228.99,
          228.414545,
          223.994285,
          219.728193
        ]
      },
      {
        "date": "2025-01-10",
        "close": 227.300003,
        "volume": 65673,
        "typical_volume": 48217.25,
        "trend": 215.625333,
        "fair_value": 179.716218,
        "relative_strength": 0.59241,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.055281,
        "energy": 45.546104,
        "activity_lines": [
          228.303335,
          228.505455,
          224.759761,
          220.526343
        ]
      },
      {
        "date": "2025-01-17",
        "close": 232.75,
        "volume": 47438,
        "typical_volume": 48614.75,
        "trend": 216.447,
        "fair_value": 180.12141,
        "relative_strength": -0.408663,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.598824,
        "energy": 54.557885,
        "activity_lines": [
          229.680001,
          229.380909,
          225.946666,
          221.631161
        ]
      },
      {
        "date": "2025-01-24",
        "close": 232.899994,
        "volume": 51370,
        "typical_volume": 50145.5,
        "trend": 217.241999,
        "fair_value": 180.54718,
        "relative_strength": -2.613655,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.567092,
        "energy": 55.229477,
        "activity_lines": [
          230.963332,
          230.128181,
          227.031427,
          222.692644
        ]
      },
      {
        "date": "2025-01-31",
        "close": 235.899994,
        "volume": 85961,
        "typical_volume": 53189.8,
        "trend": 218.123666,
        "fair_value": 180.991026,
        "relative_strength": -2.837481,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.317874,
        "energy": 59.029738,
        "activity_lines": [
          232.896663,
          231.245453,
          228.250236,
          223.896386
        ]
      },
      {
        "date": "2025-02-07",
        "close": 235.699997,
        "volume": 116837,
        "typical_volume": 58170.45,
        "trend": 218.918666,
        "fair_value": 181.420256,
        "relative_strength": -3.088789,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.811962,
        "energy": 70.759986,
        "activity_lines": [
          234.239996,
          232.203634,
          229.315712,
          225.030343
        ]
      },
      {
        "date": "2025-02-14",
        "close": 235.699997,
        "volume": 132628,
        "typical_volume": 62794.6,
        "trend": 219.875332,
        "fair_value": 181.870256,
        "relative_strength": -6.088027,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.176135,
        "energy": 72.112885,
        "activity_lines": [
          235.169996,
          233.033634,
          230.253331,
          226.113009
        ]
      },
      {
        "date": "2025-02-21",
        "close": 236.350006,
        "volume": 93873,
        "typical_volume": 65118.45,
        "trend": 220.905332,
        "fair_value": 182.325577,
        "relative_strength": -4.784998,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.424071,
        "energy": 74.867507,
        "activity_lines": [
          235.756666,
          233.896363,
          231.144523,
          227.175891
        ]
      },
      {
        "date": "2025-02-28",
        "close": 230.75,
        "volume": 118640,
        "typical_volume": 69342.15,
        "trend": 221.964333,
        "fair_value": 182.753718,
        "relative_strength": -8.007133,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.792948,
        "energy": 49.3284,
        "activity_lines": [
          234.236667,
          233.636363,
          231.399285,
          227.811031
        ]
      },
      {
        "date": "2025-03-07",
        "close": 217.899994,
        "volume": 200488,
        "typical_volume": 77012.45,
        "trend": 222.568332,
        "fair_value": 183.106667,
        "relative_strength": -14.637541,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "up",
        "direction": 4.834575,
        "energy": 11.709261,
        "activity_lines": [
          228.576665,
          230.983635,
          230.367141,
          227.548816
        ]
      },
      {
        "date": "2025-03-14",
        "close": 215.5,
        "volume": 76775,
        "typical_volume": 78922.9,
        "trend": 222.866666,
        "fair_value": 183.404359,
        "relative_strength": -15.280152,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "up",
        "direction": -19.331551,
        "energy": 32.797321,
        "activity_lines": [
          223.316666,
          228.079089,
          229.11738,
          227.092794
        ]
      },
      {
        "date": "2025-03-21",
        "close": 217.75,
        "volume": 94430,
        "typical_volume": 81741.25,
        "trend": 223.231666,
        "fair_value": 183.6975,
        "relative_strength": -13.824455,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -32.66758,
        "energy": 46.142287,
        "activity_lines": [
          220.153333,
          225.838181,
          228.099523,
          226.762687
        ]
      },
      {
        "date": "2025-03-28",
        "close": 215.25,
        "volume": 74068,
        "typical_volume": 81184.5,
        "trend": 223.463332,
        "fair_value": 183.973461,
        "relative_strength": -12.991978,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -35.707335,
        "energy": 57.233033,
        "activity_lines": [
          217.353333,
          223.316363,
          226.834999,
          226.247741
        ]
      },
      {
        "date": "2025-04-04",
        "close": 196.320007,
        "volume": 95725,
        "typical_volume": 82652.95,
        "trend": 223.305666,
        "fair_value": 184.12141,
        "relative_strength": -13.437803,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "mixed",
        "direction": -67.200605,
        "energy": 84.676521,
        "activity_lines": [
          209.650002,
          217.67091,
          223.810238,
          224.496558
        ]
      },
      {
        "date": "2025-04-11",
        "close": 193.279999,
        "volume": 210781,
        "typical_volume": 91482.95,
        "trend": 222.824999,
        "fair_value": 184.257692,
        "relative_strength": -13.410437,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -90.674537,
        "energy": 94.61888,
        "activity_lines": [
          203.228668,
          212.137819,
          220.62419,
          222.559419
        ]
      },
      {
        "date": "2025-04-18",
        "close": 196.199997,
        "volume": 52780,
        "typical_volume": 89893.8,
        "trend": 222.403332,
        "fair_value": 184.437692,
        "relative_strength": -15.303384,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.91007,
        "energy": 90.763848,
        "activity_lines": [
          199.422,
          207.910545,
          217.887047,
          220.841677
        ]
      },
      {
        "date": "2025-04-25",
        "close": 203.100006,
        "volume": 42379,
        "typical_volume": 89841.9,
        "trend": 222.074999,
        "fair_value": 184.658461,
        "relative_strength": -16.154206,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.505986,
        "energy": 83.11423,
        "activity_lines": [
          199.202002,
          205.656001,
          215.961572,
          219.596301
        ]
      },
      {
        "date": "2025-05-02",
        "close": 210.5,
        "volume": 47201,
        "typical_volume": 88319.8,
        "trend": 221.934999,
        "fair_value": 184.963461,
        "relative_strength": -16.000864,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.219826,
        "energy": 58.050067,
        "activity_lines": [
          202.425335,
          205.339637,
          214.873714,
          218.849527
        ]
      },
      {
        "date": "2025-05-09",
        "close": 211.899994,
        "volume": 117021,
        "typical_volume": 89372.55,
        "trend": 221.748332,
        "fair_value": 185.280256,
        "relative_strength": -16.6769,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -48.504636,
        "energy": 39.459406,
        "activity_lines": [
          206.431999,
          205.747818,
          214.014904,
          218.202107
        ]
      },
      {
        "date": "2025-05-16",
        "close": 221.949997,
        "volume": 162588,
        "typical_volume": 95988.35,
        "trend": 221.806666,
        "fair_value": 185.695064,
        "relative_strength": -13.479563,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -25.574392,
        "energy": 23.376535,
        "activity_lines": [
          212.749998,
          208.325999,
          214.188237,
          218.215118
        ]
      },
      {
        "date": "2025-05-23",
        "close": 215.649994,
        "volume": 62003,
        "typical_volume": 97432.95,
        "trend": 221.688332,
        "fair_value": 186.030641,
        "relative_strength": -15.189173,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -27.440074,
        "energy": 27.52206,
        "activity_lines": [
          215.056663,
          209.685089,
          213.790618,
          217.817913
        ]
      },
      {
        "date": "2025-05-30",
        "close": 217.949997,
        "volume": 45086,
        "typical_volume": 96403.6,
        "trend": 221.754999,
        "fair_value": 186.384423,
        "relative_strength": -15.344862,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -20.184878,
        "energy": 24.490416,
        "activity_lines": [
          216.833329,
          211.459634,
          213.677999,
          217.57673
        ]
      },
      {
        "date": "2025-06-06",
        "close": 220.899994,
        "volume": 48251,
        "typical_volume": 96444.25,
        "trend": 221.644999,
        "fair_value": 186.788269,
        "relative_strength": -14.991791,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -9.77953,
        "energy": 21.55903,
        "activity_lines": [
          218.603329,
          213.766906,
          213.890855,
          217.521568
        ]
      },
      {
        "date": "2025-06-13",
        "close": 218.25,
        "volume": 41316,
        "typical_volume": 95941.55,
        "trend": 221.478332,
        "fair_value": 187.225897,
        "relative_strength": -12.853987,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -6.597122,
        "energy": 16.226264,
        "activity_lines": [
          218.796663,
          215.489634,
          213.90776,
          217.302536
        ]
      },
      {
        "date": "2025-06-20",
        "close": 217.449997,
        "volume": 30212,
        "typical_volume": 93154.1,
        "trend": 221.088332,
        "fair_value": 187.622243,
        "relative_strength": -12.217411,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -6.474712,
        "energy": 14.130913,
        "activity_lines": [
          218.299997,
          216.668179,
          213.918236,
          217.042644
        ]
      },
      {
        "date": "2025-06-27",
        "close": 220.899994,
        "volume": 57723,
        "typical_volume": 90198.4,
        "trend": 220.829999,
        "fair_value": 188.050064,
        "relative_strength": -12.999327,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -0.344567,
        "energy": 12.432694,
        "activity_lines": [
          219.25333,
          218.034542,
          214.345141,
          217.030493
        ]
      },
      {
        "date": "2025-07-04",
        "close": 221.149994,
        "volume": 67407,
        "typical_volume": 86937.35,
        "trend": 220.501665,
        "fair_value": 188.432179,
        "relative_strength": -11.673011,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 2.019199,
        "energy": 20.344905,
        "activity_lines": [
          219.939995,
          218.997268,
          214.866331,
          217.051138
        ]
      },
      {
        "date": "2025-07-11",
        "close": 222.899994,
        "volume": 57577,
        "typical_volume": 85122.55,
        "trend": 220.244998,
        "fair_value": 188.836666,
        "relative_strength": -12.353398,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 26.976226,
        "energy": 39.44549,
        "activity_lines": [
          220.996661,
          219.949995,
          215.623473,
          217.205869
        ]
      },
      {
        "date": "2025-07-18",
        "close": 225.050003,
        "volume": 62767,
        "typical_volume": 82328.9,
        "trend": 220.158332,
        "fair_value": 189.234679,
        "relative_strength": -11.286684,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 32.292052,
        "energy": 50.163229,
        "activity_lines": [
          222.636664,
          221.068179,
          216.649426,
          217.515869
        ]
      },
      {
        "date": "2025-07-25",
        "close": 226.550003,
        "volume": 86399,
        "typical_volume": 76624.45,
        "trend": 220.108332,
        "fair_value": 189.612948,
        "relative_strength": -10.131943,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 36.64417,
        "energy": 58.215864,
        "activity_lines": [
          224.323333,
          222.219998,
          217.845379,
          217.928235
        ]
      },
      {
        "date": "2025-08-01",
        "close": 224.199997,
        "volume": 78791,
        "typical_volume": 76725.25,
        "trend": 219.931665,
        "fair_value": 189.969359,
        "relative_strength": -7.77017,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 35.451471,
        "energy": 55.743751,
        "activity_lines": [
          224.619999,
          222.860907,
          218.776331,
          218.192213
        ]
      },
      {
        "date": "2025-08-08",
        "close": 227.899994,
        "volume": 72110,
        "typical_volume": 75609.25,
        "trend": 219.951665,
        "fair_value": 190.32782,
        "relative_strength": -8.796117,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 44.981731,
        "energy": 60.67276,
        "activity_lines": [
          225.929998,
          224.019088,
          220.018235,
          218.706299
        ]
      },
      {
        "date": "2025-08-15",
        "close": 230.050003,
        "volume": 46813,
        "typical_volume": 74246.5,
        "trend": 219.861665,
        "fair_value": 190.691731,
        "relative_strength": -8.366466,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 49.684139,
        "energy": 69.004458,
        "activity_lines": [
          227.506666,
          225.387271,
          221.416569,
          219.357805
        ]
      },
      {
        "date": "2025-08-22",
        "close": 231.600006,
        "volume": 62342,
        "typical_volume": 72577.35,
        "trend": 219.818332,
        "fair_value": 191.082884,
        "relative_strength": -7.488546,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 78.192721,
        "energy": 83.698953,
        "activity_lines": [
          229.123335,
          226.870909,
          222.892046,
          220.115117
        ]
      },
      {
        "date": "2025-08-29",
        "close": 230.100006,
        "volume": 89763,
        "typical_volume": 66526.45,
        "trend": 219.624999,
        "fair_value": 191.495577,
        "relative_strength": -6.07106,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.132879,
        "energy": 83.415844,
        "activity_lines": [
          229.803337,
          227.839092,
          224.056666,
          220.778451
        ]
      },
      {
        "date": "2025-09-05",
        "close": 230.050003,
        "volume": 60786,
        "typical_volume": 66926.75,
        "trend": 219.436666,
        "fair_value": 191.89859,
        "relative_strength": -4.655617,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.83829,
        "energy": 81.079336,
        "activity_lines": [
          230.230004,
          228.568184,
          225.04119,
          221.451032
        ]
      },
      {
        "date": "2025-09-12",
        "close": 235.0,
        "volume": 88805,
        "typical_volume": 69248.05,
        "trend": 219.413333,
        "fair_value": 192.37782,
        "relative_strength": -2.802177,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.55995,
        "energy": 87.381237,
        "activity_lines": [
          231.91667,
          230.030911,
          226.335952,
          222.455118
        ]
      },
      {
        "date": "2025-09-19",
        "close": 236.399994,
        "volume": 55057,
        "typical_volume": 69640.85,
        "trend": 219.414999,
        "fair_value": 192.884743,
        "relative_strength": -1.766068,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.355698,
        "energy": 83.938275,
        "activity_lines": [
          233.596666,
          231.496364,
          227.612142,
          223.551031
        ]
      },
      {
        "date": "2025-09-26",
        "close": 236.350006,
        "volume": 113399,
        "typical_volume": 69459.75,
        "trend": 219.601666,
        "fair_value": 193.407115,
        "relative_strength": -2.019541,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.756366,
        "energy": 82.223356,
        "activity_lines": [
          234.836668,
          232.707274,
          228.760238,
          224.643612
        ]
      },
      {
        "date": "2025-10-03",
        "close": 240.800003,
        "volume": 91425,
        "typical_volume": 65901.6,
        "trend": 220.364999,
        "fair_value": 193.950192,
        "relative_strength": -2.543465,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.544286,
        "energy": 89.992693,
        "activity_lines": [
          237.243335,
          234.52182,
          230.215715,
          226.011247
        ]
      },
      {
        "date": "2025-10-10",
        "close": 238.25,
        "volume": 108291,
        "typical_volume": 68216.0,
        "trend": 221.123333,
        "fair_value": 194.490513,
        "relative_strength": -2.771249,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.117808,
        "energy": 75.254974,
        "activity_lines": [
          238.086668,
          235.613638,
          231.338572,
          227.165118
        ]
      },
      {
        "date": "2025-10-17",
        "close": 238.050003,
        "volume": 140435,
        "typical_volume": 72983.45,
        "trend": 221.8,
        "fair_value": 195.017884,
        "relative_strength": -0.951043,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.456238,
        "energy": 64.277459,
        "activity_lines": [
          238.316669,
          236.413638,
          232.334763,
          228.257161
        ]
      },
      {
        "date": "2025-10-24",
        "close": 243.199997,
        "volume": 58626,
        "typical_volume": 73502.2,
        "trend": 222.731666,
        "fair_value": 195.557115,
        "relative_strength": -0.281508,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.263265,
        "energy": 69.497405,
        "activity_lines": [
          240.060001,
          237.965455,
          233.725715,
          229.637806
        ]
      },
      {
        "date": "2025-10-31",
        "close": 247.75,
        "volume": 69136,
        "typical_volume": 74893.2,
        "trend": 224.445999,
        "fair_value": 196.135256,
        "relative_strength": 2.950125,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.704479,
        "energy": 73.635373,
        "activity_lines": [
          242.866667,
          240.105455,
          235.44381,
          231.251892
        ]
      },
      {
        "date": "2025-11-07",
        "close": 240.800003,
        "volume": 117111,
        "typical_volume": 79238.15,
        "trend": 226.029999,
        "fair_value": 196.645897,
        "relative_strength": 1.994145,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.072943,
        "energy": 63.335467,
        "activity_lines": [
          242.596667,
          240.688183,
          236.359525,
          232.306989
        ]
      },
      {
        "date": "2025-11-14",
        "close": 244.25,
        "volume": 89169,
        "typical_volume": 80810.45,
        "trend": 227.631666,
        "fair_value": 197.180577,
        "relative_strength": 2.400543,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.457736,
        "energy": 62.53759,
        "activity_lines": [
          243.476667,
          241.703637,
          237.49262,
          233.482473
        ]
      },
      {
        "date": "2025-11-21",
        "close": 239.449997,
        "volume": 116958,
        "typical_volume": 83288.0,
        "trend": 228.843332,
        "fair_value": 197.672307,
        "relative_strength": 4.09797,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.532129,
        "energy": 51.405149,
        "activity_lines": [
          242.356666,
          241.588182,
          238.057382,
          234.244946
        ]
      },
      {
        "date": "2025-11-28",
        "close": 246.399994,
        "volume": 92586,
        "typical_volume": 85038.45,
        "trend": 230.039999,
        "fair_value": 198.205128,
        "relative_strength": 4.035563,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.41257,
        "energy": 50.478898,
        "activity_lines": [
          243.459998,
          242.655454,
          239.196905,
          235.377634
        ]
      },
      {
        "date": "2025-12-05",
        "close": 247.100006,
        "volume": 93506,
        "typical_volume": 86575.4,
        "trend": 231.213333,
        "fair_value": 198.762692,
        "relative_strength": 3.710692,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.919175,
        "energy": 52.419292,
        "activity_lines": [
          244.583333,
          243.668182,
          240.291191,
          236.47828
        ]
      },
      {
        "date": "2025-12-12",
        "close": 243.699997,
        "volume": 99946,
        "typical_volume": 87252.75,
        "trend": 231.938333,
        "fair_value": 199.333846,
        "relative_strength": 1.855956,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.834061,
        "energy": 44.785199,
        "activity_lines": [
          244.616666,
          243.867272,
          240.956667,
          237.283871
        ]
      },
      {
        "date": "2025-12-19",
        "close": 245.199997,
        "volume": 138809,
        "typical_volume": 90253.65,
        "trend": 232.923333,
        "fair_value": 199.916666,
        "relative_strength": 2.322046,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.626402,
        "energy": 46.763971,
        "activity_lines": [
          244.956665,
          244.286363,
          241.683333,
          238.139462
        ]
      },
      {
        "date": "2025-12-26",
        "close": 246.350006,
        "volume": 22389,
        "typical_volume": 87767.6,
        "trend": 233.87,
        "fair_value": 200.511346,
        "relative_strength": 2.842396,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.916104,
        "energy": 45.673815,
        "activity_lines": [
          245.616668,
          244.788182,
          242.419524,
          239.005699
        ]
      },
      {
        "date": "2026-01-02",
        "close": 247.0,
        "volume": 63804,
        "typical_volume": 88617.15,
        "trend": 234.74,
        "fair_value": 201.083654,
        "relative_strength": 2.569738,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.465552,
        "energy": 44.409962,
        "activity_lines": [
          246.033334,
          245.257273,
          243.129762,
          239.852796
        ]
      },
      {
        "date": "2026-01-09",
        "close": 253.449997,
        "volume": 160067,
        "typical_volume": 93503.4,
        "trend": 235.913333,
        "fair_value": 201.686025,
        "relative_strength": 2.482093,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.818963,
        "energy": 59.796819,
        "activity_lines": [
          248.56,
          246.83,
          244.373571,
          241.059893
        ]
      },
      {
        "date": "2026-01-16",
        "close": 255.199997,
        "volume": 114649,
        "typical_volume": 94747.7,
        "trend": 237.171666,
        "fair_value": 202.304615,
        "relative_strength": 3.257188,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.141777,
        "energy": 79.250533,
        "activity_lines": [
          251.246665,
          248.617272,
          245.68,
          242.304194
        ]
      },
      {
        "date": "2026-01-23",
        "close": 251.300003,
        "volume": 170905,
        "typical_volume": 100253.65,
        "trend": 238.185,
        "fair_value": 202.872307,
        "relative_strength": 3.459566,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.543437,
        "energy": 70.889806,
        "activity_lines": [
          251.866667,
          249.433636,
          246.495476,
          243.215699
        ]
      },
      {
        "date": "2026-01-30",
        "close": 250.399994,
        "volume": 92006,
        "typical_volume": 100413.7,
        "trend": 239.16,
        "fair_value": 203.41641,
        "relative_strength": 4.743766,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.839017,
        "energy": 66.478895,
        "activity_lines": [
          251.779998,
          249.958181,
          247.124047,
          244.003763
        ]
      },
      {
        "date": "2026-02-06",
        "close": 251.399994,
        "volume": 161701,
        "typical_volume": 105745.9,
        "trend": 240.11,
        "fair_value": 203.975641,
        "relative_strength": 4.519016,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.847862,
        "energy": 49.798087,
        "activity_lines": [
          251.756663,
          250.465452,
          247.774523,
          244.79344
        ]
      },
      {
        "date": "2026-02-13",
        "close": 250.899994,
        "volume": 115597,
        "typical_volume": 105855.8,
        "trend": 240.971666,
        "fair_value": 204.535384,
        "relative_strength": 3.583045,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.204299,
        "energy": 40.94437,
        "activity_lines": [
          251.273329,
          250.790906,
          248.305951,
          245.489569
        ]
      },
      {
        "date": "2026-02-20",
        "close": 254.899994,
        "volume": 87369,
        "typical_volume": 105653.0,
        "trend": 241.916666,
        "fair_value": 205.137564,
        "relative_strength": 3.899407,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.59455,
        "energy": 47.390588,
        "activity_lines": [
          252.293328,
          251.774542,
          249.149045,
          246.388171
        ]
      },
      {
        "date": "2026-02-27",
        "close": 254.600006,
        "volume": 109529,
        "typical_volume": 105714.9,
        "trend": 242.93,
        "fair_value": 205.722179,
        "relative_strength": 3.713792,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.393385,
        "energy": 48.518452,
        "activity_lines": [
          253.233331,
          252.499998,
          249.896427,
          247.206451
        ]
      },
      {
        "date": "2026-03-06",
        "close": 252.199997,
        "volume": 169165,
        "typical_volume": 107151.4,
        "trend": 243.74,
        "fair_value": 206.318589,
        "relative_strength": 9.844445,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.741239,
        "energy": 42.357643,
        "activity_lines": [
          253.153332,
          252.618179,
          250.337379,
          247.804515
        ]
      },
      {
        "date": "2026-03-13",
        "close": 249.399994,
        "volume": 75632,
        "typical_volume": 108001.7,
        "trend": 244.385,
        "fair_value": 206.910384,
        "relative_strength": 9.019039,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 42.909809,
        "energy": 31.730595,
        "activity_lines": [
          252.019997,
          252.120906,
          250.444284,
          248.169676
        ]
      },
      {
        "date": "2026-03-20",
        "close": 242.600006,
        "volume": 85349,
        "typical_volume": 108812.35,
        "trend": 244.751666,
        "fair_value": 207.457948,
        "relative_strength": 10.812948,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 8.58131,
        "energy": 10.214906,
        "activity_lines": [
          248.753334,
          250.343635,
          249.874046,
          248.054515
        ]
      },
      {
        "date": "2026-03-27",
        "close": 239.75,
        "volume": 160372,
        "typical_volume": 110975.4,
        "trend": 245.073333,
        "fair_value": 207.95891,
        "relative_strength": 9.649534,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": -12.164692,
        "energy": 24.167683,
        "activity_lines": [
          245.09,
          248.245453,
          249.056903,
          247.731827
        ]
      },
      {
        "date": "2026-04-03",
        "close": 246.050003,
        "volume": 181732,
        "typical_volume": 115603.55,
        "trend": 245.606666,
        "fair_value": 208.505897,
        "relative_strength": 8.082904,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -14.652385,
        "energy": 26.35447,
        "activity_lines": [
          244.536668,
          247.573636,
          248.844761,
          247.794838
        ]
      },
      {
        "date": "2026-04-10",
        "close": 252.699997,
        "volume": 85533,
        "typical_volume": 114032.3,
        "trend": 246.196666,
        "fair_value": 209.087435,
        "relative_strength": 7.80057,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 19.920518,
        "energy": 21.211504,
        "activity_lines": [
          246.77,
          248.206363,
          249.25738,
          248.252472
        ]
      },
      {
        "date": "2026-04-17",
        "close": 261.450012,
        "volume": 150726,
        "typical_volume": 116939.3,
        "trend": 247.031667,
        "fair_value": 209.726218,
        "relative_strength": 7.198583,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 56.615049,
        "energy": 28.280047,
        "activity_lines": [
          251.886671,
          250.388184,
          250.440238,
          249.236559
        ]
      },
      {
        "date": "2026-04-24",
        "close": 261.649994,
        "volume": 86927,
        "typical_volume": 116610.35,
        "trend": 247.875,
        "fair_value": 210.368589,
        "relative_strength": 9.464221,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 71.270197,
        "energy": 60.761225,
        "activity_lines": [
          256.266668,
          252.423637,
          251.570476,
          250.179677
        ]
      },
      {
        "date": "2026-05-01",
        "close": 261.899994,
        "volume": 54920,
        "typical_volume": 114359.05,
        "trend": 248.578333,
        "fair_value": 211.013717,
        "relative_strength": 8.481521,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.5998,
        "energy": 74.293007,
        "activity_lines": [
          259.459999,
          254.309091,
          252.655237,
          251.084515
        ]
      },
      {
        "date": "2026-05-08",
        "close": 268.899994,
        "volume": 86450,
        "typical_volume": 111741.1,
        "trend": 249.599999,
        "fair_value": 211.693589,
        "relative_strength": 10.734146,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.004223,
        "energy": 86.367888,
        "activity_lines": [
          263.509997,
          257.339999,
          254.319999,
          252.39559
        ]
      },
      {
        "date": "2026-05-15",
        "close": 271.049988,
        "volume": 99421,
        "typical_volume": 115592.7,
        "trend": 250.699999,
        "fair_value": 212.368781,
        "relative_strength": 12.997102,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.045565,
        "energy": 88.294783,
        "activity_lines": [
          266.753327,
          260.501815,
          256.076664,
          253.77946
        ]
      },
      {
        "date": "2026-05-22",
        "close": 275.100006,
        "volume": 102756,
        "typical_volume": 117540.3,
        "trend": 251.763332,
        "fair_value": 213.064038,
        "relative_strength": 9.95643,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.27744,
        "energy": 91.309187,
        "activity_lines": [
          270.12333,
          264.057271,
          258.101427,
          255.353654
        ]
      },
      {
        "date": "2026-05-29",
        "close": 277.450012,
        "volume": 115271,
        "typical_volume": 115300.5,
        "trend": 252.753333,
        "fair_value": 213.758205,
        "relative_strength": 9.528284,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.619616,
        "energy": 92.344077,
        "activity_lines": [
          273.366669,
          267.572728,
          260.21619,
          257.01086
        ]
      },
      {
        "date": "2026-06-05",
        "close": 276.25,
        "volume": 18478,
        "typical_volume": 110491.95,
        "trend": 253.934999,
        "fair_value": 214.44032,
        "relative_strength": 10.142763,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.298808,
        "energy": 88.694782,
        "activity_lines": [
          275.156669,
          270.236364,
          262.102381,
          258.526774
        ]
      },
      {
        "date": "2026-06-12",
        "close": 276.350006,
        "volume": 18362,
        "typical_volume": 102864.8,
        "trend": 255.004999,
        "fair_value": 215.109487,
        "relative_strength": 10.330448,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.416405,
        "energy": 86.478312,
        "activity_lines": [
          276.023338,
          272.254547,
          263.897858,
          259.972903
        ]
      },
      {
        "date": "2026-06-19",
        "close": 281.549988,
        "volume": 15312,
        "typical_volume": 99030.1,
        "trend": 256.408332,
        "fair_value": 215.834807,
        "relative_strength": 10.421063,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.548351,
        "energy": 90.598845,
        "activity_lines": [
          278.126666,
          274.667272,
          266.069285,
          261.685483
        ]
      },
      {
        "date": "2026-06-26",
        "close": 278.350006,
        "volume": 14386,
        "typical_volume": 91664.35,
        "trend": 257.473333,
        "fair_value": 216.520769,
        "relative_strength": 10.124194,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.346135,
        "energy": 78.483908,
        "activity_lines": [
          278.463334,
          275.973637,
          267.787619,
          263.101075
        ]
      },
      {
        "date": "2026-07-03",
        "close": 282.450012,
        "volume": 4743,
        "typical_volume": 86121.65,
        "trend": 258.651666,
        "fair_value": 217.248269,
        "relative_strength": 6.61092,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.271824,
        "energy": 80.467605,
        "activity_lines": [
          279.950004,
          277.718185,
          269.768096,
          264.712474
        ]
      },
      {
        "date": "2026-07-10",
        "close": 282.75,
        "volume": 75669,
        "typical_volume": 85536.65,
        "trend": 259.953333,
        "fair_value": 217.970897,
        "relative_strength": 9.32889,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.803651,
        "energy": 80.941742,
        "activity_lines": [
          281.203337,
          279.139094,
          271.626906,
          266.267205
        ]
      },
      {
        "date": "2026-07-17",
        "close": 278.399994,
        "volume": 103457,
        "typical_volume": 85233.05,
        "trend": 261.06,
        "fair_value": 218.651282,
        "relative_strength": 8.277636,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.402565,
        "energy": 64.157158,
        "activity_lines": [
          280.573334,
          279.390001,
          272.93881,
          267.457312
        ]
      },
      {
        "date": "2026-07-24",
        "close": 279.649994,
        "volume": 56673,
        "typical_volume": 79608.45,
        "trend": 262.169999,
        "fair_value": 219.318397,
        "relative_strength": 7.246416,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.274016,
        "energy": 62.090241,
        "activity_lines": [
          280.223332,
          279.695455,
          274.256429,
          268.656666
        ]
      },
      {
        "date": "2026-07-31",
        "close": 277.5,
        "volume": 68285,
        "typical_volume": 79241.1,
        "trend": 263.186666,
        "fair_value": 219.992243,
        "relative_strength": 3.978223,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 49.798515,
        "energy": 48.622761,
        "activity_lines": [
          279.283331,
          279.453636,
          275.238571,
          269.645699
        ]
      },
      {
        "date": "2026-08-07",
        "close": 286.700012,
        "volume": 66142,
        "typical_volume": 78280.75,
        "trend": 264.295,
        "fair_value": 220.734423,
        "relative_strength": 4.326742,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.068774,
        "energy": 59.974639,
        "activity_lines": [
          281.466669,
          280.840911,
          276.963096,
          271.162689
        ]
      }
    ],
    "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."
    }
  }
}