{
  "ticker": {
    "uuid": "91f68fa3-b4ae-411f-8cbc-cdf77cd23615",
    "symbol": "WMGT",
    "name": "WisdomTree Megatrends UCITS ETF USD Acc",
    "exchange": "LSE",
    "country": "GB",
    "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": "^FTSE",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 50.438,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -20.428,
    "architecture_energy": 38.029,
    "architecture_maturity": 3.541,
    "architecture_confidence": 56.006,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 48.21,
        "rotation_up": 14.55,
        "upward_expansion": 19.87,
        "deceleration": 55.63,
        "rotation_down": 61.61,
        "downward_expansion": 44.87
      },
      "activity_lines": [
        40.619833,
        41.553272,
        42.639369,
        42.23629
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 42.52,
    "trend_reference": 41.716583,
    "distance_from_trend": 0.019259,
    "trend_direction": "Improving",
    "fair_value": 32.549868,
    "distance_from_fair_value": 0.306303,
    "fair_value_direction": "Weakening",
    "relative_strength": -0.529268,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.068342,
    "excess_performance": 0.017106,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.019259,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.043808,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.306303,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.129648,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.005293,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.174083,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.068342,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.382291,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 168,
      "relative_activity": 0.054484,
      "balance": 1.382291,
      "dry_up": 0.067943,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.060433,
      "annualized_volatility": 0.267693,
      "from_high_reference": -0.104936,
      "from_low_reference": 0.333124
    },
    "levels": {
      "trend_reference": 41.716583,
      "fair_value_reference": 32.549868,
      "structural_low": 36.18,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-13",
        "end": "2025-07-04",
        "tenure": "New",
        "return": 0.046489,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-11",
        "end": "2025-11-21",
        "tenure": "Established",
        "return": 0.064363,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-28",
        "end": "2026-01-02",
        "tenure": "Developing",
        "return": 0.031504,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-09",
        "end": "2026-03-20",
        "tenure": "Developing",
        "return": -0.057145,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-27",
        "end": "2026-04-24",
        "tenure": "Developing",
        "return": 0.15137,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-01",
        "end": "2026-06-26",
        "tenure": "Developing",
        "return": -0.024173,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-03",
        "end": "2026-07-31",
        "tenure": "Developing",
        "return": -0.110148,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-12-08",
        "close": 25.6411,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-15",
        "close": 26.8475,
        "volume": 1178,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-22",
        "close": 27.379999,
        "volume": 150,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-29",
        "close": 28.4625,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-05",
        "close": 26.1775,
        "volume": 1234,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-12",
        "close": 26.295,
        "volume": 4250,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-19",
        "close": 25.487499,
        "volume": 4988,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-26",
        "close": 26.309999,
        "volume": 1152,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-02",
        "close": 26.245001,
        "volume": 1056,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-09",
        "close": 27.4025,
        "volume": 480,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-16",
        "close": 27.942499,
        "volume": 2078,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-23",
        "close": 27.377501,
        "volume": 132,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-01",
        "close": 28.0975,
        "volume": 759,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-08",
        "close": 28.327499,
        "volume": 3866,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-15",
        "close": 27.317499,
        "volume": 2670,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-22",
        "close": 28.0725,
        "volume": 1255,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-29",
        "close": 28.594999,
        "volume": 1288,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-05",
        "close": 27.502501,
        "volume": 898,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-12",
        "close": 27.165001,
        "volume": 5086,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-19",
        "close": 25.897499,
        "volume": 2196,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-26",
        "close": 26.735001,
        "volume": 199,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-03",
        "close": 26.875,
        "volume": 150,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-10",
        "close": 27.102501,
        "volume": 871,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-17",
        "close": 27.997499,
        "volume": 740,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-24",
        "close": 28.07,
        "volume": 27,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-31",
        "close": 27.16,
        "volume": 516,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-07",
        "close": 27.6975,
        "volume": 1337,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-14",
        "close": 27.805,
        "volume": 5,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-21",
        "close": 27.75,
        "volume": 3072,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-28",
        "close": 27.985001,
        "volume": 70,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-05",
        "close": 28.3375,
        "volume": 1545,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-12",
        "close": 28.977501,
        "volume": 729,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-19",
        "close": 28.1075,
        "volume": 1041,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-26",
        "close": 27.512501,
        "volume": 10427,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-02",
        "close": 25.725,
        "volume": 1106,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-09",
        "close": 25.795,
        "volume": 912,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-16",
        "close": 26.75,
        "volume": 199,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-23",
        "close": 27.602501,
        "volume": 496,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-30",
        "close": 26.975,
        "volume": 5,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-06",
        "close": 25.18,
        "volume": 218,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-13",
        "close": 26.7325,
        "volume": 28,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-20",
        "close": 26.9125,
        "volume": 1085,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-27",
        "close": 28.422501,
        "volume": 1334,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-04",
        "close": 28.157499,
        "volume": 3,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-11",
        "close": 28.497499,
        "volume": 1395,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-18",
        "close": 29.2125,
        "volume": 6512,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-25",
        "close": 29.385,
        "volume": 972,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-01",
        "close": 28.799999,
        "volume": 158,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-08",
        "close": 30.0,
        "volume": 851,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-15",
        "close": 29.622499,
        "volume": 588,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-22",
        "close": 30.5875,
        "volume": 5871,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-29",
        "close": 31.442499,
        "volume": 4204,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-06",
        "close": 31.692499,
        "volume": 3246,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-13",
        "close": 30.782499,
        "volume": 4026,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-20",
        "close": 29.407499,
        "volume": 93,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-27",
        "close": 29.182501,
        "volume": 650,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-03",
        "close": 29.174999,
        "volume": 53,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-10",
        "close": 28.610001,
        "volume": 819,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-17",
        "close": 30.290001,
        "volume": 1932,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-24",
        "close": 31.2075,
        "volume": 1586,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-31",
        "close": 31.1675,
        "volume": 8170,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-07",
        "close": 30.9375,
        "volume": 2081,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-14",
        "close": 31.307501,
        "volume": 1371,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-21",
        "close": 30.497499,
        "volume": 1361,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-28",
        "close": 28.485001,
        "volume": 3452,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-07",
        "close": 27.6425,
        "volume": 5142,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-14",
        "close": 27.362499,
        "volume": 6419,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-21",
        "close": 27.67,
        "volume": 1795,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-28",
        "close": 26.764999,
        "volume": 518,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-04",
        "close": 24.445,
        "volume": 1403,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-11",
        "close": 25.035,
        "volume": 3783,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-18",
        "close": 25.575001,
        "volume": 344,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-25",
        "close": 26.907499,
        "volume": 269,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-02",
        "close": 27.870001,
        "volume": 1792,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-09",
        "close": 28.145,
        "volume": 1136,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-16",
        "close": 29.434999,
        "volume": 1444,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-23",
        "close": 29.719999,
        "volume": 704,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-30",
        "close": 29.764999,
        "volume": 2220,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-06-06",
        "close": 30.877501,
        "volume": 512,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-06-13",
        "close": 30.76,
        "volume": 1078,
        "typical_volume": 2249.7,
        "trend": 29.091583,
        "fair_value": 28.08967,
        "relative_strength": 1.998749,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 33.256128,
        "energy": 58.62485,
        "activity_lines": [
          30.365333,
          29.406909,
          28.446417,
          28.664624
        ]
      },
      {
        "date": "2025-06-20",
        "close": 30.7325,
        "volume": 201,
        "typical_volume": 1851.25,
        "trend": 29.096417,
        "fair_value": 28.122297,
        "relative_strength": 2.711512,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 31.299261,
        "energy": 57.015452,
        "activity_lines": [
          30.572333,
          29.829363,
          28.657274,
          28.770489
        ]
      },
      {
        "date": "2025-06-27",
        "close": 31.65,
        "volume": 1030,
        "typical_volume": 1798.7,
        "trend": 29.103333,
        "fair_value": 28.165318,
        "relative_strength": 5.386395,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 48.629274,
        "energy": 63.965588,
        "activity_lines": [
          30.998667,
          30.315045,
          28.957583,
          28.935236
        ]
      },
      {
        "date": "2025-07-04",
        "close": 32.189999,
        "volume": 582,
        "typical_volume": 1759.25,
        "trend": 29.119917,
        "fair_value": 28.213808,
        "relative_strength": 6.775993,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 78.129979,
        "energy": 77.959857,
        "activity_lines": [
          31.476333,
          30.788454,
          29.305928,
          29.134376
        ]
      },
      {
        "date": "2025-07-11",
        "close": 32.044998,
        "volume": 900,
        "typical_volume": 1736.2,
        "trend": 29.162,
        "fair_value": 28.259418,
        "relative_strength": 4.846851,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.480544,
        "energy": 82.445522,
        "activity_lines": [
          31.743999,
          31.139454,
          29.636262,
          29.323091
        ]
      },
      {
        "date": "2025-07-18",
        "close": 32.755001,
        "volume": 715,
        "typical_volume": 1599.35,
        "trend": 29.273583,
        "fair_value": 28.312307,
        "relative_strength": 6.444515,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.936351,
        "energy": 86.971811,
        "activity_lines": [
          32.1705,
          31.543636,
          30.026845,
          29.554898
        ]
      },
      {
        "date": "2025-07-25",
        "close": 33.055,
        "volume": 14,
        "typical_volume": 1342.95,
        "trend": 29.402667,
        "fair_value": 28.367455,
        "relative_strength": 5.728944,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.903541,
        "energy": 88.737964,
        "activity_lines": [
          32.564,
          31.918545,
          30.425666,
          29.79886
        ]
      },
      {
        "date": "2025-08-01",
        "close": 31.4925,
        "volume": 1832,
        "typical_volume": 1113.6,
        "trend": 29.479917,
        "fair_value": 28.403375,
        "relative_strength": 1.12062,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.776949,
        "energy": 63.202243,
        "activity_lines": [
          32.281833,
          31.943545,
          30.649905,
          29.933688
        ]
      },
      {
        "date": "2025-08-08",
        "close": 32.154999,
        "volume": 1718,
        "typical_volume": 1109.75,
        "trend": 29.598083,
        "fair_value": 28.446007,
        "relative_strength": 2.723282,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.190251,
        "energy": 52.543437,
        "activity_lines": [
          32.231,
          32.056772,
          30.917571,
          30.106274
        ]
      },
      {
        "date": "2025-08-15",
        "close": 32.700001,
        "volume": 3535,
        "typical_volume": 1260.6,
        "trend": 29.678417,
        "fair_value": 28.493804,
        "relative_strength": 3.762025,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.298333,
        "energy": 52.15036,
        "activity_lines": [
          32.364167,
          32.225636,
          31.215786,
          30.306398
        ]
      },
      {
        "date": "2025-08-22",
        "close": 33.1325,
        "volume": 13,
        "typical_volume": 1191.1,
        "trend": 29.742583,
        "fair_value": 28.545345,
        "relative_strength": 2.938276,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.585541,
        "energy": 50.935347,
        "activity_lines": [
          32.597833,
          32.44,
          31.526928,
          30.529242
        ]
      },
      {
        "date": "2025-08-29",
        "close": 33.5075,
        "volume": 2965,
        "typical_volume": 1150.2,
        "trend": 29.820583,
        "fair_value": 28.599875,
        "relative_strength": 5.372364,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.193913,
        "energy": 56.379352,
        "activity_lines": [
          32.931333,
          32.679409,
          31.832417,
          30.77214
        ]
      },
      {
        "date": "2025-09-05",
        "close": 33.372501,
        "volume": 16,
        "typical_volume": 1133.8,
        "trend": 29.90175,
        "fair_value": 28.651751,
        "relative_strength": 4.39262,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.237024,
        "energy": 61.938374,
        "activity_lines": [
          33.189667,
          32.843818,
          32.084702,
          31.001296
        ]
      },
      {
        "date": "2025-09-12",
        "close": 34.790001,
        "volume": 2982,
        "typical_volume": 1269.45,
        "trend": 30.017833,
        "fair_value": 28.717754,
        "relative_strength": 7.638466,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.640444,
        "energy": 76.727759,
        "activity_lines": [
          33.795167,
          33.234637,
          32.434857,
          31.316667
        ]
      },
      {
        "date": "2025-09-19",
        "close": 36.080002,
        "volume": 514,
        "typical_volume": 1205.55,
        "trend": 30.203917,
        "fair_value": 28.796075,
        "relative_strength": 12.037404,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.275086,
        "energy": 63.643222,
        "activity_lines": [
          34.655001,
          33.812728,
          32.870334,
          31.707774
        ]
      },
      {
        "date": "2025-09-26",
        "close": 36.0425,
        "volume": 179,
        "typical_volume": 1157.7,
        "trend": 30.455833,
        "fair_value": 28.872354,
        "relative_strength": 10.815815,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.586703,
        "energy": 68.712573,
        "activity_lines": [
          35.277001,
          34.310637,
          33.263143,
          32.084457
        ]
      },
      {
        "date": "2025-10-03",
        "close": 38.165001,
        "volume": 3606,
        "typical_volume": 1265.8,
        "trend": 30.806583,
        "fair_value": 28.969152,
        "relative_strength": 14.398882,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.050166,
        "energy": 82.236642,
        "activity_lines": [
          36.412501,
          35.134683,
          33.820488,
          32.581823
        ]
      },
      {
        "date": "2025-10-10",
        "close": 38.127499,
        "volume": 13516,
        "typical_volume": 1906.4,
        "trend": 31.165417,
        "fair_value": 29.063568,
        "relative_strength": 14.688683,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.858542,
        "energy": 77.780562,
        "activity_lines": [
          37.225,
          35.859,
          34.332691,
          33.05414
        ]
      },
      {
        "date": "2025-10-17",
        "close": 37.4175,
        "volume": 8162,
        "typical_volume": 2203.5,
        "trend": 31.490333,
        "fair_value": 29.148812,
        "relative_strength": 13.118655,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.413391,
        "energy": 76.102378,
        "activity_lines": [
          37.483833,
          36.333591,
          34.737238,
          33.4575
        ]
      },
      {
        "date": "2025-10-24",
        "close": 38.320499,
        "volume": 948,
        "typical_volume": 2225.3,
        "trend": 31.875517,
        "fair_value": 29.241456,
        "relative_strength": 12.103218,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.566819,
        "energy": 69.664471,
        "activity_lines": [
          37.8685,
          36.876682,
          35.191345,
          33.898156
        ]
      },
      {
        "date": "2025-10-31",
        "close": 38.9725,
        "volume": 5983,
        "typical_volume": 2470.55,
        "trend": 32.359767,
        "fair_value": 29.338766,
        "relative_strength": 12.870066,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.003773,
        "energy": 64.755552,
        "activity_lines": [
          38.321133,
          37.436127,
          35.672105,
          34.356026
        ]
      },
      {
        "date": "2025-11-07",
        "close": 37.099998,
        "volume": 12606,
        "typical_volume": 3090.8,
        "trend": 32.761933,
        "fair_value": 29.41561,
        "relative_strength": 7.764875,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.350212,
        "energy": 53.166434,
        "activity_lines": [
          37.954266,
          37.548936,
          35.935424,
          34.661847
        ]
      },
      {
        "date": "2025-11-14",
        "close": 37.424999,
        "volume": 2269,
        "typical_volume": 3152.75,
        "trend": 33.156933,
        "fair_value": 29.494133,
        "relative_strength": 8.423148,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.768319,
        "energy": 46.172293,
        "activity_lines": [
          37.766732,
          37.655518,
          36.199374,
          34.96269
        ]
      },
      {
        "date": "2025-11-21",
        "close": 34.107498,
        "volume": 12026,
        "typical_volume": 3724.95,
        "trend": 33.396933,
        "fair_value": 29.538923,
        "relative_strength": 0.524789,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 28.838008,
        "energy": 20.821011,
        "activity_lines": [
          36.520199,
          37.085235,
          36.119871,
          35.024017
        ]
      },
      {
        "date": "2025-11-28",
        "close": 36.662498,
        "volume": 235,
        "typical_volume": 3691.7,
        "trend": 33.690016,
        "fair_value": 29.607419,
        "relative_strength": 6.058154,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.243027,
        "energy": 20.892706,
        "activity_lines": [
          36.345998,
          36.991908,
          36.274571,
          35.234699
        ]
      },
      {
        "date": "2025-12-05",
        "close": 37.334999,
        "volume": 949,
        "typical_volume": 3703.4,
        "trend": 33.99635,
        "fair_value": 29.681015,
        "relative_strength": 8.573306,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.002463,
        "energy": 20.03484,
        "activity_lines": [
          36.506498,
          37.010262,
          36.47133,
          35.469859
        ]
      },
      {
        "date": "2025-12-12",
        "close": 36.827499,
        "volume": 752,
        "typical_volume": 3740.3,
        "trend": 34.242766,
        "fair_value": 29.748435,
        "relative_strength": 7.234563,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.332336,
        "energy": 17.695005,
        "activity_lines": [
          36.606999,
          36.912844,
          36.597947,
          35.652514
        ]
      },
      {
        "date": "2025-12-19",
        "close": 36.797501,
        "volume": 2936,
        "typical_volume": 3795.5,
        "trend": 34.478683,
        "fair_value": 29.814314,
        "relative_strength": 4.412712,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.896586,
        "energy": 21.334932,
        "activity_lines": [
          36.715666,
          36.83429,
          36.703742,
          35.817335
        ]
      },
      {
        "date": "2025-12-26",
        "close": 37.505001,
        "volume": 60,
        "typical_volume": 3712.6,
        "trend": 34.736683,
        "fair_value": 29.885524,
        "relative_strength": 6.582121,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 50.899382,
        "energy": 30.238414,
        "activity_lines": [
          37.102,
          36.908554,
          36.851657,
          36.012581
        ]
      },
      {
        "date": "2026-01-02",
        "close": 37.817501,
        "volume": 170,
        "typical_volume": 3544.35,
        "trend": 34.968016,
        "fair_value": 29.958294,
        "relative_strength": 6.456718,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 54.960295,
        "energy": 32.807504,
        "activity_lines": [
          37.366001,
          37.038045,
          37.003857,
          36.211344
        ]
      },
      {
        "date": "2026-01-09",
        "close": 40.029999,
        "volume": 8286,
        "typical_volume": 3958.0,
        "trend": 35.277016,
        "fair_value": 30.049855,
        "relative_strength": 10.465156,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.454348,
        "energy": 61.110976,
        "activity_lines": [
          38.2905,
          37.578954,
          37.342402,
          36.537923
        ]
      },
      {
        "date": "2026-01-16",
        "close": 40.805,
        "volume": 2437,
        "typical_volume": 3931.6,
        "trend": 35.612766,
        "fair_value": 30.146749,
        "relative_strength": 11.131972,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.96064,
        "energy": 75.647115,
        "activity_lines": [
          39.293667,
          38.241545,
          37.721912,
          36.894567
        ]
      },
      {
        "date": "2026-01-23",
        "close": 41.5975,
        "volume": 2211,
        "typical_volume": 4041.35,
        "trend": 35.94435,
        "fair_value": 30.248987,
        "relative_strength": 14.053533,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.886034,
        "energy": 82.496055,
        "activity_lines": [
          40.295833,
          38.980864,
          38.142147,
          37.280679
        ]
      },
      {
        "date": "2026-01-30",
        "close": 40.677502,
        "volume": 2505,
        "typical_volume": 4017.5,
        "trend": 36.227267,
        "fair_value": 30.341275,
        "relative_strength": 10.42947,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.708316,
        "energy": 78.15417,
        "activity_lines": [
          40.671334,
          39.477046,
          38.435597,
          37.586044
        ]
      },
      {
        "date": "2026-02-06",
        "close": 39.799999,
        "volume": 2825,
        "typical_volume": 4133.05,
        "trend": 36.485767,
        "fair_value": 30.424246,
        "relative_strength": 6.362679,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.776282,
        "energy": 68.891251,
        "activity_lines": [
          40.542833,
          39.694227,
          38.61744,
          37.816543
        ]
      },
      {
        "date": "2026-02-13",
        "close": 40.342499,
        "volume": 3364,
        "typical_volume": 4292.3,
        "trend": 36.738683,
        "fair_value": 30.510492,
        "relative_strength": 6.864336,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.544612,
        "energy": 48.060123,
        "activity_lines": [
          40.463,
          39.953,
          38.833235,
          38.065364
        ]
      },
      {
        "date": "2026-02-20",
        "close": 40.817501,
        "volume": 1382,
        "typical_volume": 4181.1,
        "trend": 36.997433,
        "fair_value": 30.599346,
        "relative_strength": 5.522313,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.944567,
        "energy": 45.345935,
        "activity_lines": [
          40.520667,
          40.243455,
          39.073793,
          38.328514
        ]
      },
      {
        "date": "2026-02-27",
        "close": 41.119999,
        "volume": 10608,
        "typical_volume": 4035.7,
        "trend": 37.31835,
        "fair_value": 30.689266,
        "relative_strength": 3.829408,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.310354,
        "energy": 44.242336,
        "activity_lines": [
          40.678333,
          40.516364,
          39.330528,
          38.594486
        ]
      },
      {
        "date": "2026-03-06",
        "close": 39.369999,
        "volume": 2891,
        "typical_volume": 3772.15,
        "trend": 37.55885,
        "fair_value": 30.762831,
        "relative_strength": 5.101221,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 44.866648,
        "energy": 31.859207,
        "activity_lines": [
          40.284499,
          40.3925,
          39.406347,
          38.72685
        ]
      },
      {
        "date": "2026-03-13",
        "close": 38.717499,
        "volume": 352,
        "typical_volume": 3742.35,
        "trend": 37.759433,
        "fair_value": 30.829677,
        "relative_strength": 3.268022,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 35.599976,
        "energy": 21.180195,
        "activity_lines": [
          39.760333,
          40.11609,
          39.410726,
          38.801602
        ]
      },
      {
        "date": "2026-03-20",
        "close": 37.7425,
        "volume": 596,
        "typical_volume": 3473.0,
        "trend": 37.9131,
        "fair_value": 30.887284,
        "relative_strength": 3.817062,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 15.167513,
        "energy": 13.902423,
        "activity_lines": [
          38.983333,
          39.646045,
          39.320357,
          38.800509
        ]
      },
      {
        "date": "2026-03-27",
        "close": 37.044998,
        "volume": 937,
        "typical_volume": 2889.55,
        "trend": 38.031016,
        "fair_value": 30.938174,
        "relative_strength": 1.064797,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": -3.299868,
        "energy": 17.478345,
        "activity_lines": [
          38.147166,
          39.090772,
          39.169416,
          38.744503
        ]
      },
      {
        "date": "2026-04-03",
        "close": 38.217499,
        "volume": 5183,
        "typical_volume": 3035.25,
        "trend": 38.192516,
        "fair_value": 30.997841,
        "relative_strength": -0.746502,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -12.659288,
        "energy": 20.999205,
        "activity_lines": [
          37.953332,
          38.817045,
          39.130404,
          38.756534
        ]
      },
      {
        "date": "2026-04-10",
        "close": 40.220001,
        "volume": 3193,
        "typical_volume": 2593.6,
        "trend": 38.373516,
        "fair_value": 31.072818,
        "relative_strength": 2.488543,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 18.973654,
        "energy": 16.296627,
        "activity_lines": [
          38.6205,
          38.968863,
          39.278333,
          38.887339
        ]
      },
      {
        "date": "2026-04-17",
        "close": 42.877499,
        "volume": 2015,
        "typical_volume": 2682.6,
        "trend": 38.6001,
        "fair_value": 31.168017,
        "relative_strength": 8.051661,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 52.317958,
        "energy": 26.780134,
        "activity_lines": [
          40.116833,
          39.612181,
          39.65025,
          39.177919
        ]
      },
      {
        "date": "2026-04-24",
        "close": 42.6525,
        "volume": 3989,
        "typical_volume": 2834.6,
        "trend": 38.820433,
        "fair_value": 31.259893,
        "relative_strength": 9.953919,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 63.181935,
        "energy": 52.774512,
        "activity_lines": [
          41.260833,
          40.158636,
          39.971142,
          39.439364
        ]
      },
      {
        "date": "2026-05-01",
        "close": 43.849998,
        "volume": 1581,
        "typical_volume": 2876.05,
        "trend": 39.009933,
        "fair_value": 31.359814,
        "relative_strength": 12.63357,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.593445,
        "energy": 69.681483,
        "activity_lines": [
          42.476666,
          40.880817,
          40.380761,
          39.763852
        ]
      },
      {
        "date": "2026-05-08",
        "close": 45.1875,
        "volume": 8827,
        "typical_volume": 3170.6,
        "trend": 39.245266,
        "fair_value": 31.468694,
        "relative_strength": 16.879049,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.076241,
        "energy": 79.699637,
        "activity_lines": [
          43.684666,
          41.791045,
          40.884321,
          40.162405
        ]
      },
      {
        "date": "2026-05-15",
        "close": 44.322498,
        "volume": 2451,
        "typical_volume": 3290.15,
        "trend": 39.475433,
        "fair_value": 31.569114,
        "relative_strength": 14.507247,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.091672,
        "energy": 75.582081,
        "activity_lines": [
          44.139666,
          42.470045,
          41.265547,
          40.489968
        ]
      },
      {
        "date": "2026-05-22",
        "close": 45.4175,
        "volume": 5490,
        "typical_volume": 3556.15,
        "trend": 39.711999,
        "fair_value": 31.676466,
        "relative_strength": 13.763049,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.86392,
        "energy": 75.36026,
        "activity_lines": [
          44.686166,
          43.25809,
          41.718595,
          40.873327
        ]
      },
      {
        "date": "2026-05-29",
        "close": 46.584999,
        "volume": 14440,
        "typical_volume": 3863.85,
        "trend": 39.965749,
        "fair_value": 31.791147,
        "relative_strength": 16.689682,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.576712,
        "energy": 74.771466,
        "activity_lines": [
          45.452499,
          44.13659,
          42.246642,
          41.316747
        ]
      },
      {
        "date": "2026-06-05",
        "close": 44.512501,
        "volume": 5524,
        "typical_volume": 4018.2,
        "trend": 40.212833,
        "fair_value": 31.888256,
        "relative_strength": 11.494452,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.005269,
        "energy": 51.066951,
        "activity_lines": [
          45.265833,
          44.4775,
          42.546095,
          41.610086
        ]
      },
      {
        "date": "2026-06-12",
        "close": 44.330002,
        "volume": 3328,
        "typical_volume": 4074.05,
        "trend": 40.443,
        "fair_value": 31.982512,
        "relative_strength": 9.524264,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.416674,
        "energy": 46.85483,
        "activity_lines": [
          44.974167,
          44.649455,
          42.810512,
          41.875709
        ]
      },
      {
        "date": "2026-06-19",
        "close": 45.349998,
        "volume": 507,
        "typical_volume": 3974.15,
        "trend": 40.81775,
        "fair_value": 32.083019,
        "relative_strength": 12.726336,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.136454,
        "energy": 45.428259,
        "activity_lines": [
          45.079667,
          44.895727,
          43.159059,
          42.19229
        ]
      },
      {
        "date": "2026-06-26",
        "close": 42.790001,
        "volume": 1011,
        "typical_volume": 3883.45,
        "trend": 41.022,
        "fair_value": 32.162922,
        "relative_strength": 4.651987,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 42.544456,
        "energy": 26.736504,
        "activity_lines": [
          44.263334,
          44.583273,
          43.241547,
          42.319532
        ]
      },
      {
        "date": "2026-07-03",
        "close": 43.849998,
        "volume": 51,
        "typical_volume": 3717.8,
        "trend": 41.239166,
        "fair_value": 32.249493,
        "relative_strength": 5.288973,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.778967,
        "energy": 22.386374,
        "activity_lines": [
          43.9755,
          44.465136,
          43.41075,
          42.501983
        ]
      },
      {
        "date": "2026-07-10",
        "close": 42.639999,
        "volume": 2304,
        "typical_volume": 3763.9,
        "trend": 41.432916,
        "fair_value": 32.325894,
        "relative_strength": 3.91089,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.786347,
        "energy": 19.306174,
        "activity_lines": [
          43.466666,
          44.105227,
          43.448011,
          42.59236
        ]
      },
      {
        "date": "2026-07-17",
        "close": 39.3825,
        "volume": 153,
        "typical_volume": 3241.15,
        "trend": 41.519083,
        "fair_value": 32.377402,
        "relative_strength": -4.994769,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -2.474136,
        "energy": 18.387986,
        "activity_lines": [
          41.996833,
          43.175045,
          43.166357,
          42.460075
        ]
      },
      {
        "date": "2026-07-24",
        "close": 39.737499,
        "volume": 200,
        "typical_volume": 3106.6,
        "trend": 41.5935,
        "fair_value": 32.430736,
        "relative_strength": -5.386706,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -27.532121,
        "energy": 32.640631,
        "activity_lines": [
          40.975166,
          42.414954,
          42.926785,
          42.345134
        ]
      },
      {
        "date": "2026-07-31",
        "close": 39.02,
        "volume": 317,
        "typical_volume": 3104.85,
        "trend": 41.633583,
        "fair_value": 32.478141,
        "relative_strength": -8.275609,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -32.556232,
        "energy": 47.194383,
        "activity_lines": [
          40.088499,
          41.607772,
          42.617131,
          42.179102
        ]
      },
      {
        "date": "2026-08-07",
        "close": 42.52,
        "volume": 168,
        "typical_volume": 3083.45,
        "trend": 41.716583,
        "fair_value": 32.549868,
        "relative_strength": -0.529268,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -20.42784,
        "energy": 38.02903,
        "activity_lines": [
          40.619833,
          41.553272,
          42.639369,
          42.23629
        ]
      }
    ],
    "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."
    }
  }
}