{
  "ticker": {
    "uuid": "933970c5-b093-427e-af8d-435bd0ede56e",
    "symbol": "BS27",
    "name": "IVZ BulletShares 2027 USD Dist",
    "exchange": "EBS",
    "country": "CH",
    "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": "^SSMI",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 52.889,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 68.877,
    "architecture_energy": 66.933,
    "architecture_maturity": 31.364,
    "architecture_confidence": 69.109,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 11.01,
        "rotation_up": 66.41,
        "upward_expansion": 85.33,
        "deceleration": 65.98,
        "rotation_down": 19.05,
        "downward_expansion": 12.0
      },
      "activity_lines": [
        4.3154,
        4.301736,
        4.254256,
        4.221976
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Stable",
      "price_acceptance": 0.666667
    },
    "latest_close": 4.319,
    "trend_reference": 4.182398,
    "distance_from_trend": 0.032661,
    "trend_direction": "Improving",
    "fair_value": 4.231439,
    "distance_from_fair_value": 0.020693,
    "fair_value_direction": "Improving",
    "relative_strength": -6.683554,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.057683,
    "excess_performance": -0.025201,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.032661,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.00932,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.020693,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.046242,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.066836,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.026819,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.057683,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.999115,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 22706,
      "relative_activity": 4.274272,
      "balance": 0.999115,
      "dry_up": 4.568262,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.007731,
      "annualized_volatility": 0.050188,
      "from_high_reference": -0.008312,
      "from_low_reference": 0.071489
    },
    "levels": {
      "trend_reference": 4.182398,
      "fair_value_reference": 4.231439,
      "structural_low": 4.038372,
      "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": 3,
        "median_return": 0.002272,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.039048,
        "regime_survival": 0.666667,
        "best_return": 0.002311,
        "worst_return": -0.014944,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": -0.03322,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.12519,
        "regime_survival": 0.0,
        "best_return": -0.03322,
        "worst_return": -0.03322,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": -0.009889,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.06511,
        "regime_survival": 0.0,
        "best_return": -0.009889,
        "worst_return": -0.009889,
        "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": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-11-28",
        "end": "2025-12-26",
        "tenure": "Developing",
        "return": -0.014944,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-02",
        "end": "2026-01-23",
        "tenure": "New",
        "return": -0.000684,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-01-30",
        "end": "2026-02-13",
        "tenure": "New",
        "return": 0.001668,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-02-20",
        "end": "2026-03-27",
        "tenure": "Developing",
        "return": 0.023526,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-04-03",
        "end": "2026-04-24",
        "tenure": "New",
        "return": -0.012409,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-01",
        "end": "2026-06-12",
        "tenure": "Developing",
        "return": 0.022884,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-06-19",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.00817,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2024-05-24",
        "close": 4.335283,
        "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": "2024-05-31",
        "close": 4.297142,
        "volume": 72381,
        "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": 4.264553,
        "volume": 2192,
        "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": 4.261457,
        "volume": 22615,
        "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": 4.270742,
        "volume": 4272,
        "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": 4.291316,
        "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": "2024-07-05",
        "close": 4.313163,
        "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": "2024-07-12",
        "close": 4.312253,
        "volume": 6458,
        "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": 4.284944,
        "volume": 1083,
        "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": 4.267374,
        "volume": 6432,
        "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": 4.223588,
        "volume": 2124,
        "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": 4.215668,
        "volume": 4292,
        "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": 4.249259,
        "volume": 8602,
        "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": 4.165237,
        "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": "2024-08-30",
        "close": 4.171427,
        "volume": 1084,
        "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": 4.172519,
        "volume": 2160,
        "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": 4.206471,
        "volume": 30616,
        "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": 4.220496,
        "volume": 46060,
        "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": 4.187094,
        "volume": 333,
        "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": 4.239135,
        "volume": 2170,
        "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": 4.235075,
        "volume": 2148,
        "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": 4.27835,
        "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": "2024-10-25",
        "close": 4.27106,
        "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": "2024-11-01",
        "close": 4.273552,
        "volume": 1500,
        "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": 4.311199,
        "volume": 3146,
        "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": 4.367762,
        "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": "2024-11-22",
        "close": 4.402364,
        "volume": 3619,
        "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": 4.351522,
        "volume": 5164,
        "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": 4.35346,
        "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": "2024-12-13",
        "close": 4.416141,
        "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": "2024-12-20",
        "close": 4.430059,
        "volume": 500,
        "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": 4.454344,
        "volume": 500,
        "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": 4.48517,
        "volume": 1035,
        "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": 4.51067,
        "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": "2025-01-17",
        "close": 4.528137,
        "volume": 3059,
        "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": 4.497219,
        "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": "2025-01-31",
        "close": 4.523653,
        "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": "2025-02-07",
        "close": 4.517396,
        "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": "2025-02-14",
        "close": 4.479192,
        "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": "2025-02-21",
        "close": 4.490868,
        "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": "2025-02-28",
        "close": 4.493202,
        "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": "2025-03-07",
        "close": 4.409416,
        "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": "2025-03-14",
        "close": 4.435289,
        "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": "2025-03-21",
        "close": 4.433587,
        "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": "2025-03-28",
        "close": 4.430467,
        "volume": 6860,
        "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": 4.312382,
        "volume": 51053,
        "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": 4.062222,
        "volume": 138782,
        "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": 4.119704,
        "volume": 1124,
        "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": 4.179834,
        "volume": 2252,
        "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": 4.172081,
        "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": "2025-05-09",
        "close": 4.190801,
        "volume": 1112,
        "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": 4.242232,
        "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": "2025-05-23",
        "close": 4.164612,
        "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": "2025-05-30",
        "close": 4.173688,
        "volume": 22294,
        "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": 4.162249,
        "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": "2025-06-13",
        "close": 4.121942,
        "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": "2025-06-20",
        "close": 4.158286,
        "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": "2025-06-27",
        "close": 4.079096,
        "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": "2025-07-04",
        "close": 4.051935,
        "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": "2025-07-11",
        "close": 4.064559,
        "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": "2025-07-18",
        "close": 4.089617,
        "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": "2025-07-25",
        "close": 4.067811,
        "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": "2025-08-01",
        "close": 4.150156,
        "volume": 1139,
        "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": "2025-08-08",
        "close": 4.146044,
        "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": "2025-08-15",
        "close": 4.147383,
        "volume": 93897,
        "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": "2025-08-22",
        "close": 4.133898,
        "volume": 1132,
        "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": "2025-08-29",
        "close": 4.136958,
        "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": "2025-09-05",
        "close": 4.140975,
        "volume": 1156,
        "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": "2025-09-12",
        "close": 4.119024,
        "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": "2025-09-19",
        "close": 4.115058,
        "volume": 3475,
        "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": "2025-09-26",
        "close": 4.135372,
        "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": "2025-10-03",
        "close": 4.130728,
        "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": "2025-10-10",
        "close": 4.165068,
        "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": "2025-10-17",
        "close": 4.123764,
        "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": "2025-10-24",
        "close": 4.131309,
        "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": "2025-10-31",
        "close": 4.165262,
        "volume": 1142,
        "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": "2025-11-07",
        "close": 4.188284,
        "volume": 4,
        "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": "2025-11-14",
        "close": 4.122603,
        "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": "2025-11-21",
        "close": 4.211693,
        "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": "2025-11-28",
        "close": 4.195345,
        "volume": 0,
        "typical_volume": 5097.25,
        "trend": 4.140858,
        "fair_value": 4.255003,
        "relative_strength": -6.073723,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.417741,
        "energy": 65.27276,
        "activity_lines": [
          4.182209,
          4.16714,
          4.152359,
          4.142838
        ]
      },
      {
        "date": "2025-12-05",
        "close": 4.195152,
        "volume": 0,
        "typical_volume": 5097.25,
        "trend": 4.141003,
        "fair_value": 4.254264,
        "relative_strength": -6.587504,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.450181,
        "energy": 60.8879,
        "activity_lines": [
          4.188381,
          4.174087,
          4.157534,
          4.14634
        ]
      },
      {
        "date": "2025-12-12",
        "close": 4.153577,
        "volume": 0,
        "typical_volume": 5097.25,
        "trend": 4.138048,
        "fair_value": 4.253036,
        "relative_strength": -6.877466,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.815312,
        "energy": 56.070853,
        "activity_lines": [
          4.178701,
          4.172388,
          4.158247,
          4.147152
        ]
      },
      {
        "date": "2025-12-19",
        "close": 4.153577,
        "volume": 0,
        "typical_volume": 5040.3,
        "trend": 4.13768,
        "fair_value": 4.251838,
        "relative_strength": -8.512853,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 50.256452,
        "energy": 30.720926,
        "activity_lines": [
          4.171335,
          4.170274,
          4.158551,
          4.148154
        ]
      },
      {
        "date": "2025-12-26",
        "close": 4.132649,
        "volume": 0,
        "typical_volume": 5040.3,
        "trend": 4.136312,
        "fair_value": 4.250419,
        "relative_strength": -9.094901,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 20.758027,
        "energy": 16.335586,
        "activity_lines": [
          4.154929,
          4.164564,
          4.156846,
          4.147829
        ]
      },
      {
        "date": "2026-01-02",
        "close": 4.144874,
        "volume": 1154,
        "typical_volume": 403.15,
        "trend": 4.135733,
        "fair_value": 4.249177,
        "relative_strength": -8.619626,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 20.611008,
        "energy": 21.713718,
        "activity_lines": [
          4.147867,
          4.160914,
          4.156369,
          4.148381
        ]
      },
      {
        "date": "2026-01-09",
        "close": 4.194946,
        "volume": 0,
        "typical_volume": 346.55,
        "trend": 4.138167,
        "fair_value": 4.248547,
        "relative_strength": -8.217932,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 46.75246,
        "energy": 23.65468,
        "activity_lines": [
          4.16086,
          4.166122,
          4.160672,
          4.152201
        ]
      },
      {
        "date": "2026-01-16",
        "close": 4.203553,
        "volume": 0,
        "typical_volume": 346.55,
        "trend": 4.139676,
        "fair_value": 4.24803,
        "relative_strength": -7.637953,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 62.706948,
        "energy": 32.579986,
        "activity_lines": [
          4.176736,
          4.172356,
          4.165505,
          4.15642
        ]
      },
      {
        "date": "2026-01-23",
        "close": 4.142037,
        "volume": 0,
        "typical_volume": 288.75,
        "trend": 4.141774,
        "fair_value": 4.246825,
        "relative_strength": -6.87611,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 32.153184,
        "energy": 20.828353,
        "activity_lines": [
          4.168775,
          4.167127,
          4.164162,
          4.156572
        ]
      },
      {
        "date": "2026-01-30",
        "close": 4.045805,
        "volume": 0,
        "typical_volume": 288.75,
        "trend": 4.141569,
        "fair_value": 4.244567,
        "relative_strength": -9.052805,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "mixed",
        "direction": -39.525173,
        "energy": 32.865423,
        "activity_lines": [
          4.129507,
          4.144047,
          4.153648,
          4.150381
        ]
      },
      {
        "date": "2026-02-06",
        "close": 4.083456,
        "volume": 6759,
        "typical_volume": 452.95,
        "trend": 4.142199,
        "fair_value": 4.242776,
        "relative_strength": -9.587861,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.087105,
        "energy": 51.232944,
        "activity_lines": [
          4.108578,
          4.13083,
          4.14707,
          4.146631
        ]
      },
      {
        "date": "2026-02-13",
        "close": 4.052552,
        "volume": 0,
        "typical_volume": 452.95,
        "trend": 4.140964,
        "fair_value": 4.240686,
        "relative_strength": -11.128565,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -76.895667,
        "energy": 80.913459,
        "activity_lines": [
          4.081442,
          4.114028,
          4.137698,
          4.140848
        ]
      },
      {
        "date": "2026-02-20",
        "close": 4.079447,
        "volume": 0,
        "typical_volume": 452.95,
        "trend": 4.141352,
        "fair_value": 4.238933,
        "relative_strength": -11.946044,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.212007,
        "energy": 81.398873,
        "activity_lines": [
          4.072764,
          4.104709,
          4.131282,
          4.136879
        ]
      },
      {
        "date": "2026-02-27",
        "close": 4.055975,
        "volume": 0,
        "typical_volume": 452.95,
        "trend": 4.138212,
        "fair_value": 4.236966,
        "relative_strength": -13.137773,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.810878,
        "energy": 82.747607,
        "activity_lines": [
          4.064536,
          4.09247,
          4.122875,
          4.131371
        ]
      },
      {
        "date": "2026-03-06",
        "close": 4.106341,
        "volume": 136,
        "typical_volume": 459.75,
        "trend": 4.136889,
        "fair_value": 4.235576,
        "relative_strength": -5.760914,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.609389,
        "energy": 62.698046,
        "activity_lines": [
          4.078834,
          4.091163,
          4.119785,
          4.129315
        ]
      },
      {
        "date": "2026-03-13",
        "close": 4.143768,
        "volume": 0,
        "typical_volume": 459.75,
        "trend": 4.136768,
        "fair_value": 4.23461,
        "relative_strength": -2.887959,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -33.197505,
        "energy": 23.67587,
        "activity_lines": [
          4.101572,
          4.097139,
          4.120342,
          4.129758
        ]
      },
      {
        "date": "2026-03-20",
        "close": 4.149999,
        "volume": 0,
        "typical_volume": 402.65,
        "trend": 4.137305,
        "fair_value": 4.233729,
        "relative_strength": 1.362431,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -18.42917,
        "energy": 18.228929,
        "activity_lines": [
          4.122366,
          4.104268,
          4.121432,
          4.130612
        ]
      },
      {
        "date": "2026-03-27",
        "close": 4.175419,
        "volume": 0,
        "typical_volume": 402.45,
        "trend": 4.138587,
        "fair_value": 4.233128,
        "relative_strength": 0.035498,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": 18.618301,
        "energy": 29.310277,
        "activity_lines": [
          4.145137,
          4.116837,
          4.125017,
          4.133071
        ]
      },
      {
        "date": "2026-04-03",
        "close": 4.200641,
        "volume": 32,
        "typical_volume": 404.05,
        "trend": 4.140576,
        "fair_value": 4.232796,
        "relative_strength": -2.288071,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 36.189117,
        "energy": 40.538558,
        "activity_lines": [
          4.169917,
          4.134502,
          4.131065,
          4.137074
        ]
      },
      {
        "date": "2026-04-10",
        "close": 4.171364,
        "volume": 0,
        "typical_volume": 404.05,
        "trend": 4.142321,
        "fair_value": 4.232176,
        "relative_strength": -4.200417,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 23.615118,
        "energy": 43.564126,
        "activity_lines": [
          4.175294,
          4.145779,
          4.133953,
          4.139061
        ]
      },
      {
        "date": "2026-04-17",
        "close": 4.131009,
        "volume": 0,
        "typical_volume": 404.05,
        "trend": 4.142852,
        "fair_value": 4.231164,
        "relative_strength": -6.599257,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 17.528939,
        "energy": 29.286378,
        "activity_lines": [
          4.162884,
          4.147436,
          4.13319,
          4.138331
        ]
      },
      {
        "date": "2026-04-24",
        "close": 4.148516,
        "volume": 0,
        "typical_volume": 404.05,
        "trend": 4.14329,
        "fair_value": 4.230346,
        "relative_strength": -4.177076,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 14.877456,
        "energy": 20.744527,
        "activity_lines": [
          4.157161,
          4.151412,
          4.1344,
          4.138696
        ]
      },
      {
        "date": "2026-05-01",
        "close": 4.135856,
        "volume": 0,
        "typical_volume": 404.05,
        "trend": 4.143461,
        "fair_value": 4.229419,
        "relative_strength": -4.082568,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -1.596535,
        "energy": 4.97143,
        "activity_lines": [
          4.147316,
          4.15134,
          4.134627,
          4.138217
        ]
      },
      {
        "date": "2026-05-08",
        "close": 4.120327,
        "volume": 0,
        "typical_volume": 404.05,
        "trend": 4.14197,
        "fair_value": 4.22836,
        "relative_strength": -4.001669,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -20.919562,
        "energy": 20.361713,
        "activity_lines": [
          4.134933,
          4.14742,
          4.133459,
          4.136724
        ]
      },
      {
        "date": "2026-05-15",
        "close": 4.154747,
        "volume": 1153,
        "typical_volume": 461.7,
        "trend": 4.143003,
        "fair_value": 4.227652,
        "relative_strength": -3.907825,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -3.951508,
        "energy": 9.779881,
        "activity_lines": [
          4.139377,
          4.148588,
          4.135727,
          4.137549
        ]
      },
      {
        "date": "2026-05-22",
        "close": 4.166022,
        "volume": 2282,
        "typical_volume": 518.1,
        "trend": 4.14416,
        "fair_value": 4.227065,
        "relative_strength": -5.483984,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 7.462463,
        "energy": 6.942746,
        "activity_lines": [
          4.148687,
          4.150926,
          4.138965,
          4.139034
        ]
      },
      {
        "date": "2026-05-29",
        "close": 4.153857,
        "volume": 5707,
        "typical_volume": 803.45,
        "trend": 4.14378,
        "fair_value": 4.226375,
        "relative_strength": -5.842434,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 20.782985,
        "energy": 13.516905,
        "activity_lines": [
          4.151608,
          4.150647,
          4.140942,
          4.139659
        ]
      },
      {
        "date": "2026-06-05",
        "close": 4.207762,
        "volume": 0,
        "typical_volume": 803.45,
        "trend": 4.144429,
        "fair_value": 4.226201,
        "relative_strength": -3.393213,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 52.203465,
        "energy": 57.687322,
        "activity_lines": [
          4.172142,
          4.160099,
          4.14825,
          4.143787
        ]
      },
      {
        "date": "2026-06-12",
        "close": 4.2305,
        "volume": 0,
        "typical_volume": 803.45,
        "trend": 4.148026,
        "fair_value": 4.226241,
        "relative_strength": -4.964298,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 86.283378,
        "energy": 84.914809,
        "activity_lines": [
          4.195461,
          4.173097,
          4.157703,
          4.14934
        ]
      },
      {
        "date": "2026-06-19",
        "close": 4.284,
        "volume": 0,
        "typical_volume": 803.45,
        "trend": 4.150436,
        "fair_value": 4.22677,
        "relative_strength": -4.000392,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 95.125862,
        "energy": 96.359733,
        "activity_lines": [
          4.229268,
          4.19528,
          4.17183,
          4.158113
        ]
      },
      {
        "date": "2026-06-26",
        "close": 4.3013,
        "volume": 0,
        "typical_volume": 465.5,
        "trend": 4.153968,
        "fair_value": 4.227448,
        "relative_strength": -6.118046,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 93.279763,
        "energy": 97.264546,
        "activity_lines": [
          4.260225,
          4.21856,
          4.18647,
          4.167846
        ]
      },
      {
        "date": "2026-07-03",
        "close": 4.2693,
        "volume": 0,
        "typical_volume": 465.5,
        "trend": 4.156439,
        "fair_value": 4.227825,
        "relative_strength": -8.209585,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.397142,
        "energy": 88.596714,
        "activity_lines": [
          4.271497,
          4.232925,
          4.197025,
          4.175287
        ]
      },
      {
        "date": "2026-07-10",
        "close": 4.2974,
        "volume": 0,
        "typical_volume": 465.5,
        "trend": 4.161233,
        "fair_value": 4.228446,
        "relative_strength": -6.1617,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.285621,
        "energy": 92.030104,
        "activity_lines": [
          4.28444,
          4.250204,
          4.209224,
          4.184381
        ]
      },
      {
        "date": "2026-07-17",
        "close": 4.2939,
        "volume": 47423,
        "typical_volume": 2836.65,
        "trend": 4.165911,
        "fair_value": 4.229025,
        "relative_strength": -6.714279,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.306877,
        "energy": 88.920663,
        "activity_lines": [
          4.29024,
          4.263909,
          4.220052,
          4.19294
        ]
      },
      {
        "date": "2026-07-24",
        "close": 4.3416,
        "volume": 26942,
        "typical_volume": 4176.95,
        "trend": 4.172876,
        "fair_value": 4.230013,
        "relative_strength": -5.358337,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 89.323513,
        "energy": 88.377066,
        "activity_lines": [
          4.307713,
          4.283131,
          4.23429,
          4.204275
        ]
      },
      {
        "date": "2026-07-31",
        "close": 4.3065,
        "volume": 0,
        "typical_volume": 4176.95,
        "trend": 4.178263,
        "fair_value": 4.230678,
        "relative_strength": -5.962451,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.498702,
        "energy": 66.707108,
        "activity_lines": [
          4.309647,
          4.292574,
          4.244065,
          4.212896
        ]
      },
      {
        "date": "2026-08-07",
        "close": 4.319,
        "volume": 22706,
        "typical_volume": 5312.25,
        "trend": 4.182398,
        "fair_value": 4.231439,
        "relative_strength": -6.683554,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.877372,
        "energy": 66.932585,
        "activity_lines": [
          4.3154,
          4.301736,
          4.254256,
          4.221976
        ]
      }
    ],
    "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."
    }
  }
}