{
  "ticker": {
    "uuid": "9491933a-6d91-4e47-a1da-2a402e51bd78",
    "symbol": "FTHI",
    "name": "FIRST TRUST BUYWRITE INCOME ETF",
    "exchange": "NASDAQ",
    "country": "US",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "QQQ",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 66.997,
    "architecture_energy": 42.192,
    "architecture_maturity": 10.678,
    "architecture_confidence": 75.425,
    "architecture_tenure": "New",
    "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": 28.48,
        "rotation_up": 58.49,
        "upward_expansion": 80.54,
        "deceleration": 52.85,
        "rotation_down": 19.25,
        "downward_expansion": 4.87
      },
      "activity_lines": [
        23.759104,
        23.671495,
        23.585832,
        23.430928
      ],
      "activity_state": "Compressed",
      "activity_direction": "Stable",
      "rotation_direction": "Stable",
      "price_acceptance": 0.833333
    },
    "latest_close": 23.96,
    "trend_reference": 23.271394,
    "distance_from_trend": 0.02959,
    "trend_direction": "Improving",
    "fair_value": 20.270905,
    "distance_from_fair_value": 0.18199,
    "fair_value_direction": "Weakening",
    "relative_strength": -8.494129,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.030088,
    "excess_performance": -0.157366,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.02959,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.013969,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.18199,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.008036,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.084941,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.039187,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.030088,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.765981,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2788184,
      "relative_activity": 0.783091,
      "balance": 1.765981,
      "dry_up": 1.168259,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.017634,
      "annualized_volatility": 0.078917,
      "from_high_reference": -0.006633,
      "from_low_reference": 0.122907
    },
    "levels": {
      "trend_reference": 23.271394,
      "fair_value_reference": 20.270905,
      "structural_low": 22.047944,
      "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": 46,
        "median_return": 0.010665,
        "positive_rate": 0.673913,
        "directional_follow_through": 0.673913,
        "median_excess_return": -0.002477,
        "regime_survival": 0.847826,
        "best_return": 0.050564,
        "worst_return": -0.103322,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 16,
        "median_return": 0.024,
        "positive_rate": 0.8125,
        "directional_follow_through": 0.8125,
        "median_excess_return": -0.022244,
        "regime_survival": 0.75,
        "best_return": 0.10211,
        "worst_return": -0.044759,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 9,
        "median_return": 0.049573,
        "positive_rate": 0.888889,
        "directional_follow_through": 0.888889,
        "median_excess_return": -0.050076,
        "regime_survival": 0.888889,
        "best_return": 0.114393,
        "worst_return": -0.093195,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.14087,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.046766,
        "regime_survival": 0.75,
        "best_return": 0.182018,
        "worst_return": -0.076727,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-01",
        "end": "2024-04-26",
        "tenure": "Established",
        "return": 0.082837,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-05-03",
        "end": "2024-05-10",
        "tenure": "New",
        "return": 0.010379,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-17",
        "end": "2024-08-09",
        "tenure": "Established",
        "return": 0.001251,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-16",
        "end": "2024-08-30",
        "tenure": "New",
        "return": 0.014083,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-06",
        "end": "2025-01-10",
        "tenure": "Established",
        "return": 0.065206,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-17",
        "end": "2025-01-31",
        "tenure": "New",
        "return": 0.007385,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-07",
        "end": "2025-03-21",
        "tenure": "Developing",
        "return": -0.052355,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-28",
        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.081726,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-05-23",
        "tenure": "Developing",
        "return": 0.053471,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-30",
        "end": "2025-06-06",
        "tenure": "New",
        "return": 0.015329,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-13",
        "end": "2025-07-18",
        "tenure": "Developing",
        "return": 0.036391,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-25",
        "end": "2026-06-26",
        "tenure": "Extended",
        "return": 0.090094,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-03",
        "end": "2026-07-10",
        "tenure": "New",
        "return": 0.009279,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-07-17",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.015144,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 16.023546,
        "volume": 520742,
        "typical_volume": 341793.8,
        "trend": 15.591525,
        "fair_value": 14.499865,
        "relative_strength": -8.158027,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.079086,
        "energy": 44.967686,
        "activity_lines": [
          16.263925,
          16.274732,
          16.095537,
          15.871377
        ]
      },
      {
        "date": "2023-08-25",
        "close": 16.216243,
        "volume": 472643,
        "typical_volume": 350134.95,
        "trend": 15.629893,
        "fair_value": 14.522287,
        "relative_strength": -8.416626,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 43.976465,
        "energy": 33.592692,
        "activity_lines": [
          16.227136,
          16.269494,
          16.126712,
          15.911681
        ]
      },
      {
        "date": "2023-09-01",
        "close": 16.560769,
        "volume": 658639,
        "typical_volume": 369738.05,
        "trend": 15.675957,
        "fair_value": 14.548272,
        "relative_strength": -9.653305,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 63.622365,
        "energy": 42.526895,
        "activity_lines": [
          16.317727,
          16.325508,
          16.186018,
          15.971738
        ]
      },
      {
        "date": "2023-09-08",
        "close": 16.458977,
        "volume": 354841,
        "typical_volume": 362334.65,
        "trend": 15.72031,
        "fair_value": 14.574094,
        "relative_strength": -8.854484,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 62.307321,
        "energy": 42.8571,
        "activity_lines": [
          16.372247,
          16.352776,
          16.229848,
          16.022255
        ]
      },
      {
        "date": "2023-09-15",
        "close": 16.505958,
        "volume": 449704,
        "typical_volume": 368287.5,
        "trend": 15.763875,
        "fair_value": 14.601673,
        "relative_strength": -7.971939,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 65.943373,
        "energy": 51.45497,
        "activity_lines": [
          16.433602,
          16.384129,
          16.272966,
          16.072942
        ]
      },
      {
        "date": "2023-09-22",
        "close": 16.166913,
        "volume": 699042,
        "typical_volume": 394362.4,
        "trend": 15.803945,
        "fair_value": 14.627467,
        "relative_strength": -6.581831,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.757706,
        "energy": 41.760099,
        "activity_lines": [
          16.371541,
          16.346842,
          16.278891,
          16.098945
        ]
      },
      {
        "date": "2023-09-29",
        "close": 16.103791,
        "volume": 631056,
        "typical_volume": 417696.55,
        "trend": 15.836168,
        "fair_value": 14.651902,
        "relative_strength": -6.842913,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 36.30438,
        "energy": 23.059506,
        "activity_lines": [
          16.27888,
          16.301314,
          16.275045,
          16.11829
        ]
      },
      {
        "date": "2023-10-06",
        "close": 16.111682,
        "volume": 394585,
        "typical_volume": 426570.25,
        "trend": 15.888128,
        "fair_value": 14.674467,
        "relative_strength": -8.20187,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 17.564018,
        "energy": 13.155659,
        "activity_lines": [
          16.196347,
          16.262686,
          16.268564,
          16.136065
        ]
      },
      {
        "date": "2023-10-13",
        "close": 16.182693,
        "volume": 572634,
        "typical_volume": 443297.1,
        "trend": 15.938953,
        "fair_value": 14.697024,
        "relative_strength": -7.671706,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 13.703516,
        "energy": 16.522188,
        "activity_lines": [
          16.167423,
          16.24455,
          16.266473,
          16.155069
        ]
      },
      {
        "date": "2023-10-20",
        "close": 15.906538,
        "volume": 476137,
        "typical_volume": 456716.5,
        "trend": 15.973415,
        "fair_value": 14.718566,
        "relative_strength": -6.290479,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": -5.33793,
        "energy": 17.151165,
        "activity_lines": [
          16.064867,
          16.17882,
          16.235595,
          16.152978
        ]
      },
      {
        "date": "2023-10-27",
        "close": 15.613377,
        "volume": 512279,
        "typical_volume": 458277.55,
        "trend": 15.986837,
        "fair_value": 14.741547,
        "relative_strength": -5.329453,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -38.293177,
        "energy": 41.429235,
        "activity_lines": [
          15.904551,
          16.067851,
          16.176721,
          16.129749
        ]
      },
      {
        "date": "2023-11-03",
        "close": 16.376557,
        "volume": 523050,
        "typical_volume": 462210.1,
        "trend": 16.024944,
        "fair_value": 14.764558,
        "relative_strength": -6.428504,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 16.982096,
        "energy": 17.186562,
        "activity_lines": [
          16.035532,
          16.103098,
          16.192215,
          16.154893
        ]
      },
      {
        "date": "2023-11-10",
        "close": 16.456054,
        "volume": 777006,
        "typical_volume": 489623.8,
        "trend": 16.061929,
        "fair_value": 14.787624,
        "relative_strength": -8.373165,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 37.485735,
        "energy": 16.998064,
        "activity_lines": [
          16.174827,
          16.149885,
          16.214153,
          16.182706
        ]
      },
      {
        "date": "2023-11-17",
        "close": 16.646849,
        "volume": 738709,
        "typical_volume": 504206.9,
        "trend": 16.104494,
        "fair_value": 14.812759,
        "relative_strength": -8.865869,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 52.999077,
        "energy": 30.703644,
        "activity_lines": [
          16.354762,
          16.233266,
          16.252078,
          16.220443
        ]
      },
      {
        "date": "2023-11-24",
        "close": 16.760375,
        "volume": 471760,
        "typical_volume": 511817.25,
        "trend": 16.147295,
        "fair_value": 14.838325,
        "relative_strength": -8.743803,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 69.376262,
        "energy": 50.569765,
        "activity_lines": [
          16.541595,
          16.333872,
          16.298754,
          16.262758
        ]
      },
      {
        "date": "2023-12-01",
        "close": 16.904516,
        "volume": 454299,
        "typical_volume": 520716.2,
        "trend": 16.198196,
        "fair_value": 14.86393,
        "relative_strength": -7.775849,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.061896,
        "energy": 77.421384,
        "activity_lines": [
          16.719553,
          16.45606,
          16.356114,
          16.311611
        ]
      },
      {
        "date": "2023-12-08",
        "close": 16.968578,
        "volume": 1111933,
        "typical_volume": 554511.55,
        "trend": 16.250725,
        "fair_value": 14.8897,
        "relative_strength": -7.631789,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.440668,
        "energy": 81.630984,
        "activity_lines": [
          16.832789,
          16.576485,
          16.41691,
          16.361313
        ]
      },
      {
        "date": "2023-12-15",
        "close": 17.064672,
        "volume": 858706,
        "typical_volume": 577031.4,
        "trend": 16.299109,
        "fair_value": 14.915443,
        "relative_strength": -9.735164,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.999449,
        "energy": 82.256441,
        "activity_lines": [
          16.938588,
          16.698658,
          16.484171,
          16.413826
        ]
      },
      {
        "date": "2023-12-22",
        "close": 17.242446,
        "volume": 887722,
        "typical_volume": 607763.85,
        "trend": 16.351833,
        "fair_value": 14.941394,
        "relative_strength": -9.218537,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.660956,
        "energy": 86.381292,
        "activity_lines": [
          17.063071,
          16.835826,
          16.565811,
          16.474686
        ]
      },
      {
        "date": "2023-12-29",
        "close": 17.226316,
        "volume": 675383,
        "typical_volume": 612043.5,
        "trend": 16.396362,
        "fair_value": 14.967865,
        "relative_strength": -9.156678,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.71385,
        "energy": 84.710973,
        "activity_lines": [
          17.14247,
          16.950793,
          16.641553,
          16.531104
        ]
      },
      {
        "date": "2024-01-05",
        "close": 17.153733,
        "volume": 503988,
        "typical_volume": 611205.8,
        "trend": 16.435919,
        "fair_value": 14.992718,
        "relative_strength": -6.201667,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.756947,
        "energy": 80.346327,
        "activity_lines": [
          17.166613,
          17.028567,
          16.706209,
          16.579967
        ]
      },
      {
        "date": "2024-01-12",
        "close": 17.379547,
        "volume": 848235,
        "typical_volume": 629985.4,
        "trend": 16.477242,
        "fair_value": 15.018965,
        "relative_strength": -7.515968,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.425406,
        "energy": 84.580951,
        "activity_lines": [
          17.249412,
          17.119392,
          16.78699,
          16.640846
        ]
      },
      {
        "date": "2024-01-19",
        "close": 17.460194,
        "volume": 1276924,
        "typical_volume": 660899.65,
        "trend": 16.525993,
        "fair_value": 15.04512,
        "relative_strength": -9.215,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.955517,
        "energy": 84.893355,
        "activity_lines": [
          17.331696,
          17.206644,
          16.869911,
          16.704262
        ]
      },
      {
        "date": "2024-01-26",
        "close": 17.6464,
        "volume": 1573439,
        "typical_volume": 721829.55,
        "trend": 16.573746,
        "fair_value": 15.073831,
        "relative_strength": -8.447423,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.358962,
        "energy": 90.309586,
        "activity_lines": [
          17.44968,
          17.309495,
          16.966284,
          16.776547
        ]
      },
      {
        "date": "2024-02-02",
        "close": 17.752019,
        "volume": 1236105,
        "typical_volume": 761149.6,
        "trend": 16.628106,
        "fair_value": 15.101132,
        "relative_strength": -8.686132,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.192209,
        "energy": 94.344368,
        "activity_lines": [
          17.57594,
          17.413375,
          17.067061,
          16.852564
        ]
      },
      {
        "date": "2024-02-09",
        "close": 17.882011,
        "volume": 1146820,
        "typical_volume": 783538.5,
        "trend": 16.679342,
        "fair_value": 15.129098,
        "relative_strength": -9.328206,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.52985,
        "energy": 94.268744,
        "activity_lines": [
          17.710484,
          17.52286,
          17.174285,
          16.933461
        ]
      },
      {
        "date": "2024-02-16",
        "close": 17.938882,
        "volume": 895309,
        "typical_volume": 796751.15,
        "trend": 16.730494,
        "fair_value": 15.157388,
        "relative_strength": -7.309328,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.548223,
        "energy": 93.212329,
        "activity_lines": [
          17.815434,
          17.624913,
          17.278758,
          17.014722
        ]
      },
      {
        "date": "2024-02-23",
        "close": 18.078486,
        "volume": 849295,
        "typical_volume": 819486.65,
        "trend": 16.782155,
        "fair_value": 15.187748,
        "relative_strength": -7.510927,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.139916,
        "energy": 93.054709,
        "activity_lines": [
          17.929629,
          17.734706,
          17.387787,
          17.101689
        ]
      },
      {
        "date": "2024-03-01",
        "close": 18.184879,
        "volume": 947451,
        "typical_volume": 838227.5,
        "trend": 16.844097,
        "fair_value": 15.216609,
        "relative_strength": -8.414585,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.095313,
        "energy": 82.950959,
        "activity_lines": [
          18.038068,
          17.845411,
          17.497584,
          17.192188
        ]
      },
      {
        "date": "2024-03-08",
        "close": 18.201247,
        "volume": 1121540,
        "typical_volume": 870497.65,
        "trend": 16.905808,
        "fair_value": 15.242919,
        "relative_strength": -6.580234,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.084401,
        "energy": 71.516746,
        "activity_lines": [
          18.116066,
          17.941957,
          17.599406,
          17.279746
        ]
      },
      {
        "date": "2024-03-15",
        "close": 18.217615,
        "volume": 668851,
        "typical_volume": 878326.25,
        "trend": 16.978944,
        "fair_value": 15.269921,
        "relative_strength": -5.13623,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.404415,
        "energy": 70.068181,
        "activity_lines": [
          18.16957,
          18.023752,
          17.691859,
          17.364378
        ]
      },
      {
        "date": "2024-03-22",
        "close": 18.479328,
        "volume": 788118,
        "typical_volume": 891579.65,
        "trend": 17.05438,
        "fair_value": 15.299158,
        "relative_strength": -6.307049,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.153126,
        "energy": 74.027848,
        "activity_lines": [
          18.287939,
          18.133788,
          17.796836,
          17.461177
        ]
      },
      {
        "date": "2024-03-29",
        "close": 18.52054,
        "volume": 710989,
        "typical_volume": 888278.8,
        "trend": 17.119706,
        "fair_value": 15.328533,
        "relative_strength": -5.349722,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.151338,
        "energy": 72.581477,
        "activity_lines": [
          18.384015,
          18.231322,
          17.895725,
          17.555768
        ]
      },
      {
        "date": "2024-04-05",
        "close": 18.429874,
        "volume": 904158,
        "typical_volume": 896551.25,
        "trend": 17.185402,
        "fair_value": 15.357543,
        "relative_strength": -4.791294,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.956656,
        "energy": 67.735263,
        "activity_lines": [
          18.420399,
          18.293092,
          17.976148,
          17.640295
        ]
      },
      {
        "date": "2024-04-12",
        "close": 18.265027,
        "volume": 859835,
        "typical_volume": 915955.0,
        "trend": 17.244038,
        "fair_value": 15.384439,
        "relative_strength": -4.885433,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.134551,
        "energy": 65.749827,
        "activity_lines": [
          18.385501,
          18.310644,
          18.032381,
          17.709948
        ]
      },
      {
        "date": "2024-04-19",
        "close": 17.927091,
        "volume": 1277711,
        "typical_volume": 957125.6,
        "trend": 17.302711,
        "fair_value": 15.409259,
        "relative_strength": -1.082769,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.514161,
        "energy": 49.789376,
        "activity_lines": [
          18.233706,
          18.257426,
          18.049264,
          17.754016
        ]
      },
      {
        "date": "2024-04-26",
        "close": 18.304842,
        "volume": 1031026,
        "typical_volume": 953080.25,
        "trend": 17.376079,
        "fair_value": 15.436408,
        "relative_strength": -2.580087,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.498672,
        "energy": 40.882988,
        "activity_lines": [
          18.227196,
          18.272071,
          18.097254,
          17.81867
        ]
      },
      {
        "date": "2024-05-03",
        "close": 18.404506,
        "volume": 1071305,
        "typical_volume": 963710.2,
        "trend": 17.452506,
        "fair_value": 15.461745,
        "relative_strength": -2.813848,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 55.516682,
        "energy": 38.434017,
        "activity_lines": [
          18.26554,
          18.298182,
          18.148373,
          17.88502
        ]
      },
      {
        "date": "2024-05-10",
        "close": 18.595527,
        "volume": 1153393,
        "typical_volume": 976993.75,
        "trend": 17.532934,
        "fair_value": 15.487953,
        "relative_strength": -3.026277,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 74.385452,
        "energy": 49.310245,
        "activity_lines": [
          18.375293,
          18.353097,
          18.211304,
          17.958763
        ]
      },
      {
        "date": "2024-05-17",
        "close": 18.745022,
        "volume": 935065,
        "typical_volume": 989977.85,
        "trend": 17.62755,
        "fair_value": 15.515051,
        "relative_strength": -4.124011,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.507225,
        "energy": 61.934633,
        "activity_lines": [
          18.523834,
          18.427727,
          18.28203,
          18.036963
        ]
      },
      {
        "date": "2024-05-24",
        "close": 18.768215,
        "volume": 930881,
        "typical_volume": 1011322.5,
        "trend": 17.732712,
        "fair_value": 15.542175,
        "relative_strength": -5.123034,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.776856,
        "energy": 76.871863,
        "activity_lines": [
          18.648107,
          18.496686,
          18.347733,
          18.110554
        ]
      },
      {
        "date": "2024-05-31",
        "close": 18.743112,
        "volume": 889262,
        "typical_volume": 1013373.85,
        "trend": 17.811597,
        "fair_value": 15.568116,
        "relative_strength": -3.576856,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.178743,
        "energy": 78.140879,
        "activity_lines": [
          18.707936,
          18.551071,
          18.403356,
          18.175741
        ]
      },
      {
        "date": "2024-06-07",
        "close": 18.759847,
        "volume": 1265804,
        "typical_volume": 1012817.85,
        "trend": 17.88839,
        "fair_value": 15.593613,
        "relative_strength": -5.842062,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.139813,
        "energy": 74.691227,
        "activity_lines": [
          18.744127,
          18.603702,
          18.454081,
          18.236918
        ]
      },
      {
        "date": "2024-06-14",
        "close": 18.810052,
        "volume": 1251978,
        "typical_volume": 996744.8,
        "trend": 17.960497,
        "fair_value": 15.6224,
        "relative_strength": -8.587339,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.934301,
        "energy": 58.284043,
        "activity_lines": [
          18.773362,
          18.66111,
          18.503398,
          18.296381
        ]
      },
      {
        "date": "2024-06-21",
        "close": 18.860257,
        "volume": 879401,
        "typical_volume": 978909.6,
        "trend": 18.030493,
        "fair_value": 15.649005,
        "relative_strength": -8.323664,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.537713,
        "energy": 58.087961,
        "activity_lines": [
          18.805032,
          18.720735,
          18.551955,
          18.35443
        ]
      },
      {
        "date": "2024-06-28",
        "close": 18.942196,
        "volume": 1208169,
        "typical_volume": 981977.05,
        "trend": 18.098415,
        "fair_value": 15.676731,
        "relative_strength": -7.67511,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.717933,
        "energy": 57.756716,
        "activity_lines": [
          18.856331,
          18.784434,
          18.603039,
          18.413249
        ]
      },
      {
        "date": "2024-07-05",
        "close": 19.110795,
        "volume": 927356,
        "typical_volume": 983579.4,
        "trend": 18.169823,
        "fair_value": 15.706483,
        "relative_strength": -9.819164,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.126042,
        "energy": 62.085347,
        "activity_lines": [
          18.952232,
          18.860332,
          18.665131,
          18.478564
        ]
      },
      {
        "date": "2024-07-12",
        "close": 19.262535,
        "volume": 2360655,
        "typical_volume": 1059147.4,
        "trend": 18.243085,
        "fair_value": 15.739961,
        "relative_strength": -8.672441,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.609486,
        "energy": 77.492605,
        "activity_lines": [
          19.074201,
          18.949165,
          18.736094,
          18.549062
        ]
      },
      {
        "date": "2024-07-19",
        "close": 19.093935,
        "volume": 945687,
        "typical_volume": 1059059.2,
        "trend": 18.304801,
        "fair_value": 15.771682,
        "relative_strength": -5.580348,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.132954,
        "energy": 72.647763,
        "activity_lines": [
          19.106457,
          18.991743,
          18.785361,
          18.603955
        ]
      },
      {
        "date": "2024-07-26",
        "close": 19.074201,
        "volume": 1240491,
        "typical_volume": 1065006.75,
        "trend": 18.366397,
        "fair_value": 15.802726,
        "relative_strength": -3.081796,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.038966,
        "energy": 65.084291,
        "activity_lines": [
          19.113209,
          19.021671,
          18.828421,
          18.653594
        ]
      },
      {
        "date": "2024-08-02",
        "close": 18.785456,
        "volume": 1036953,
        "typical_volume": 1083411.85,
        "trend": 18.420788,
        "fair_value": 15.831565,
        "relative_strength": -1.420599,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.576551,
        "energy": 43.669108,
        "activity_lines": [
          19.00945,
          18.993115,
          18.839824,
          18.68063
        ]
      },
      {
        "date": "2024-08-09",
        "close": 18.768471,
        "volume": 883885,
        "typical_volume": 1088200.2,
        "trend": 18.467085,
        "fair_value": 15.859654,
        "relative_strength": -1.726705,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 38.497369,
        "energy": 22.666486,
        "activity_lines": [
          18.910479,
          18.961157,
          18.846905,
          18.703061
        ]
      },
      {
        "date": "2024-08-16",
        "close": 19.261037,
        "volume": 835913,
        "typical_volume": 1094446.4,
        "trend": 18.527113,
        "fair_value": 15.89248,
        "relative_strength": -4.178862,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 54.081718,
        "energy": 29.045043,
        "activity_lines": [
          18.998518,
          19.018296,
          18.89952,
          18.754284
        ]
      },
      {
        "date": "2024-08-23",
        "close": 19.455297,
        "volume": 986697,
        "typical_volume": 1098573.35,
        "trend": 18.58741,
        "fair_value": 15.923915,
        "relative_strength": -4.026036,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 69.745102,
        "energy": 40.824687,
        "activity_lines": [
          19.151411,
          19.101642,
          18.96711,
          18.814167
        ]
      },
      {
        "date": "2024-08-30",
        "close": 19.532296,
        "volume": 899708,
        "typical_volume": 1100567.0,
        "trend": 18.646753,
        "fair_value": 15.955838,
        "relative_strength": -2.752058,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 72.335233,
        "energy": 53.144126,
        "activity_lines": [
          19.305878,
          19.187256,
          19.037151,
          18.875127
        ]
      },
      {
        "date": "2024-09-06",
        "close": 19.044631,
        "volume": 702845,
        "typical_volume": 1071823.7,
        "trend": 18.685507,
        "fair_value": 15.986391,
        "relative_strength": 0.741828,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.122996,
        "energy": 52.373377,
        "activity_lines": [
          19.267252,
          19.171985,
          19.054712,
          18.900796
        ]
      },
      {
        "date": "2024-09-13",
        "close": 19.540852,
        "volume": 1007438,
        "typical_volume": 1070644.3,
        "trend": 18.738906,
        "fair_value": 16.019195,
        "relative_strength": -2.262985,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.593987,
        "energy": 61.531863,
        "activity_lines": [
          19.376754,
          19.245074,
          19.114212,
          18.95598
        ]
      },
      {
        "date": "2024-09-20",
        "close": 19.729074,
        "volume": 1293097,
        "typical_volume": 1081733.9,
        "trend": 18.793925,
        "fair_value": 16.052226,
        "relative_strength": -2.572381,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.718334,
        "energy": 61.441868,
        "activity_lines": [
          19.497504,
          19.344565,
          19.185751,
          19.019862
        ]
      },
      {
        "date": "2024-09-27",
        "close": 19.787189,
        "volume": 1043558,
        "typical_volume": 1076242.15,
        "trend": 18.847336,
        "fair_value": 16.085909,
        "relative_strength": -3.081955,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.61648,
        "energy": 55.240389,
        "activity_lines": [
          19.606424,
          19.44614,
          19.256517,
          19.083943
        ]
      },
      {
        "date": "2024-10-04",
        "close": 19.87337,
        "volume": 917896,
        "typical_volume": 1075383.7,
        "trend": 18.903073,
        "fair_value": 16.118983,
        "relative_strength": -2.608505,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.423514,
        "energy": 71.632843,
        "activity_lines": [
          19.721944,
          19.55078,
          19.329817,
          19.150139
        ]
      },
      {
        "date": "2024-10-11",
        "close": 19.959551,
        "volume": 1234272,
        "typical_volume": 1090553.25,
        "trend": 18.961138,
        "fair_value": 16.152004,
        "relative_strength": -3.199202,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.00995,
        "energy": 72.878724,
        "activity_lines": [
          19.843453,
          19.656559,
          19.405951,
          19.218299
        ]
      },
      {
        "date": "2024-10-18",
        "close": 20.166386,
        "volume": 899807,
        "typical_volume": 1091080.5,
        "trend": 19.017373,
        "fair_value": 16.184778,
        "relative_strength": -2.218523,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.363404,
        "energy": 77.677719,
        "activity_lines": [
          19.972913,
          19.778597,
          19.496111,
          19.296057
        ]
      },
      {
        "date": "2024-10-25",
        "close": 20.021153,
        "volume": 910635,
        "typical_volume": 1073322.05,
        "trend": 19.067393,
        "fair_value": 16.2179,
        "relative_strength": -2.860692,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.500337,
        "energy": 69.203372,
        "activity_lines": [
          20.012259,
          19.848813,
          19.565662,
          19.360817
        ]
      },
      {
        "date": "2024-11-01",
        "close": 19.934331,
        "volume": 1001692,
        "typical_volume": 1060807.75,
        "trend": 19.117542,
        "fair_value": 16.24809,
        "relative_strength": -1.536862,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.083178,
        "energy": 60.952582,
        "activity_lines": [
          20.003193,
          19.889422,
          19.620937,
          19.416749
        ]
      },
      {
        "date": "2024-11-08",
        "close": 20.681,
        "volume": 886471,
        "typical_volume": 1061161.25,
        "trend": 19.198074,
        "fair_value": 16.282581,
        "relative_strength": -2.9956,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 88.545598,
        "energy": 83.679123,
        "activity_lines": [
          20.233207,
          20.05708,
          19.741971,
          19.517617
        ]
      },
      {
        "date": "2024-11-15",
        "close": 20.377123,
        "volume": 879456,
        "typical_volume": 1044725.6,
        "trend": 19.279742,
        "fair_value": 16.316961,
        "relative_strength": -0.929667,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.422878,
        "energy": 75.128924,
        "activity_lines": [
          20.308087,
          20.148601,
          19.825393,
          19.593684
        ]
      },
      {
        "date": "2024-11-22",
        "close": 20.709416,
        "volume": 3449252,
        "typical_volume": 1170820.4,
        "trend": 19.359894,
        "fair_value": 16.354744,
        "relative_strength": -1.040188,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.904147,
        "energy": 83.869736,
        "activity_lines": [
          20.465892,
          20.276313,
          19.933629,
          19.685921
        ]
      },
      {
        "date": "2024-11-29",
        "close": 20.840599,
        "volume": 695619,
        "typical_volume": 1087568.6,
        "trend": 19.441098,
        "fair_value": 16.39616,
        "relative_strength": -1.05794,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.933995,
        "energy": 89.136815,
        "activity_lines": [
          20.631224,
          20.406629,
          20.046747,
          19.781451
        ]
      },
      {
        "date": "2024-12-06",
        "close": 20.989273,
        "volume": 1001275,
        "typical_volume": 1090348.0,
        "trend": 19.520889,
        "fair_value": 16.435506,
        "relative_strength": -3.354208,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.17248,
        "energy": 88.525695,
        "activity_lines": [
          20.791484,
          20.543767,
          20.166509,
          19.881333
        ]
      },
      {
        "date": "2024-12-13",
        "close": 20.973532,
        "volume": 1281367,
        "typical_volume": 1092391.8,
        "trend": 19.595173,
        "fair_value": 16.476205,
        "relative_strength": -4.036203,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.220624,
        "energy": 88.746801,
        "activity_lines": [
          20.876167,
          20.656188,
          20.275747,
          19.975052
        ]
      },
      {
        "date": "2024-12-20",
        "close": 20.585948,
        "volume": 1203156,
        "typical_volume": 1100701.95,
        "trend": 19.655764,
        "fair_value": 16.512794,
        "relative_strength": -3.53075,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.410356,
        "energy": 66.056348,
        "activity_lines": [
          20.812153,
          20.678135,
          20.339028,
          20.038973
        ]
      },
      {
        "date": "2024-12-27",
        "close": 20.700462,
        "volume": 615682,
        "typical_volume": 1087291.8,
        "trend": 19.721009,
        "fair_value": 16.549844,
        "relative_strength": -3.750254,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.110478,
        "energy": 56.010686,
        "activity_lines": [
          20.77239,
          20.709515,
          20.404641,
          20.106373
        ]
      },
      {
        "date": "2025-01-03",
        "close": 20.726888,
        "volume": 1175674,
        "typical_volume": 1104279.85,
        "trend": 19.786577,
        "fair_value": 16.584976,
        "relative_strength": -2.7276,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.798221,
        "energy": 46.956694,
        "activity_lines": [
          20.742031,
          20.735988,
          20.46357,
          20.171268
        ]
      },
      {
        "date": "2025-01-10",
        "close": 20.286452,
        "volume": 1147735,
        "typical_volume": 1112331.75,
        "trend": 19.83579,
        "fair_value": 16.615935,
        "relative_strength": -2.533916,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 40.846794,
        "energy": 26.843998,
        "activity_lines": [
          20.572442,
          20.669551,
          20.473573,
          20.203518
        ]
      },
      {
        "date": "2025-01-17",
        "close": 20.735696,
        "volume": 1387579,
        "typical_volume": 1136725.3,
        "trend": 19.898305,
        "fair_value": 16.655157,
        "relative_strength": -3.064866,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 42.732287,
        "energy": 26.245576,
        "activity_lines": [
          20.599455,
          20.678392,
          20.522404,
          20.261577
        ]
      },
      {
        "date": "2025-01-24",
        "close": 20.94208,
        "volume": 2660440,
        "typical_volume": 1234605.05,
        "trend": 19.964968,
        "fair_value": 16.694994,
        "relative_strength": -3.452376,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 52.9564,
        "energy": 32.430433,
        "activity_lines": [
          20.711119,
          20.723763,
          20.58516,
          20.328917
        ]
      },
      {
        "date": "2025-01-31",
        "close": 20.888838,
        "volume": 3433128,
        "typical_volume": 1355889.55,
        "trend": 20.024236,
        "fair_value": 16.732063,
        "relative_strength": -2.269668,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 58.19488,
        "energy": 35.543481,
        "activity_lines": [
          20.781293,
          20.749182,
          20.633809,
          20.388522
        ]
      },
      {
        "date": "2025-02-07",
        "close": 20.915459,
        "volume": 1837180,
        "typical_volume": 1383093.7,
        "trend": 20.079333,
        "fair_value": 16.768972,
        "relative_strength": -2.209689,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.040464,
        "energy": 43.630284,
        "activity_lines": [
          20.847782,
          20.776179,
          20.678575,
          20.44602
        ]
      },
      {
        "date": "2025-02-14",
        "close": 21.048566,
        "volume": 1315503,
        "typical_volume": 1396690.95,
        "trend": 20.144488,
        "fair_value": 16.808202,
        "relative_strength": -4.246554,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.259584,
        "energy": 56.615057,
        "activity_lines": [
          20.946069,
          20.826016,
          20.730368,
          20.508551
        ]
      },
      {
        "date": "2025-02-21",
        "close": 20.777028,
        "volume": 3602915,
        "typical_volume": 1530941.9,
        "trend": 20.201248,
        "fair_value": 16.844417,
        "relative_strength": -3.215682,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.067158,
        "energy": 40.750018,
        "activity_lines": [
          20.903036,
          20.825404,
          20.750294,
          20.54936
        ]
      },
      {
        "date": "2025-02-28",
        "close": 20.678686,
        "volume": 1788681,
        "typical_volume": 1558662.35,
        "trend": 20.264356,
        "fair_value": 16.880002,
        "relative_strength": -0.262003,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 51.092533,
        "energy": 30.666203,
        "activity_lines": [
          20.824466,
          20.810485,
          20.756551,
          20.580163
        ]
      },
      {
        "date": "2025-03-07",
        "close": 20.097573,
        "volume": 1801385,
        "typical_volume": 1603741.25,
        "trend": 20.30866,
        "fair_value": 16.912607,
        "relative_strength": 0.203366,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": -1.257728,
        "energy": 6.384639,
        "activity_lines": [
          20.569752,
          20.688222,
          20.704039,
          20.569402
        ]
      },
      {
        "date": "2025-03-14",
        "close": 19.722085,
        "volume": 1825340,
        "typical_volume": 1649476.5,
        "trend": 20.324028,
        "fair_value": 16.939425,
        "relative_strength": 0.870992,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "mixed",
        "direction": -33.095717,
        "energy": 32.02502,
        "activity_lines": [
          20.242626,
          20.508651,
          20.616094,
          20.531559
        ]
      },
      {
        "date": "2025-03-21",
        "close": 19.820427,
        "volume": 2138223,
        "typical_volume": 1706303.05,
        "trend": 20.336199,
        "fair_value": 16.964068,
        "relative_strength": 1.142791,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "mixed",
        "direction": -30.886681,
        "energy": 43.235885,
        "activity_lines": [
          20.02784,
          20.36523,
          20.53894,
          20.499068
        ]
      },
      {
        "date": "2025-03-28",
        "close": 19.624927,
        "volume": 2178884,
        "typical_volume": 1770923.7,
        "trend": 20.339287,
        "fair_value": 16.987978,
        "relative_strength": 2.542517,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -44.813893,
        "energy": 64.497132,
        "activity_lines": [
          19.829762,
          20.194736,
          20.443708,
          20.45318
        ]
      },
      {
        "date": "2025-04-04",
        "close": 18.021054,
        "volume": 2497825,
        "typical_volume": 1851842.15,
        "trend": 20.305167,
        "fair_value": 17.002406,
        "relative_strength": 4.443485,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -93.409064,
        "energy": 90.908208,
        "activity_lines": [
          19.173867,
          19.752824,
          20.200756,
          20.303617
        ]
      },
      {
        "date": "2025-04-11",
        "close": 18.949138,
        "volume": 3251801,
        "typical_volume": 1841969.6,
        "trend": 20.285443,
        "fair_value": 17.023046,
        "relative_strength": 2.164541,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.777897,
        "energy": 79.156709,
        "activity_lines": [
          19.004508,
          19.532765,
          20.057412,
          20.216131
        ]
      },
      {
        "date": "2025-04-18",
        "close": 18.877054,
        "volume": 1277513,
        "typical_volume": 1871064.3,
        "trend": 20.257043,
        "fair_value": 17.045802,
        "relative_strength": 4.185013,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.718612,
        "energy": 78.470885,
        "activity_lines": [
          18.887684,
          19.334867,
          19.915585,
          20.125267
        ]
      },
      {
        "date": "2025-04-25",
        "close": 19.524156,
        "volume": 3835410,
        "typical_volume": 2012771.05,
        "trend": 20.248275,
        "fair_value": 17.075586,
        "relative_strength": 1.334298,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.962468,
        "energy": 57.461141,
        "activity_lines": [
          19.042896,
          19.291685,
          19.844737,
          20.077984
        ]
      },
      {
        "date": "2025-05-02",
        "close": 19.796586,
        "volume": 1722204,
        "typical_volume": 2034812.9,
        "trend": 20.245716,
        "fair_value": 17.105696,
        "relative_strength": -0.576766,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.989363,
        "energy": 36.249647,
        "activity_lines": [
          19.30867,
          19.325753,
          19.806812,
          20.048843
        ]
      },
      {
        "date": "2025-05-09",
        "close": 19.814748,
        "volume": 1211942,
        "typical_volume": 2035252.2,
        "trend": 20.240889,
        "fair_value": 17.138658,
        "relative_strength": -0.229396,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -39.725447,
        "energy": 21.693388,
        "activity_lines": [
          19.569053,
          19.380949,
          19.776221,
          20.021038
        ]
      },
      {
        "date": "2025-05-16",
        "close": 20.19615,
        "volume": 1778218,
        "typical_volume": 2093379.0,
        "trend": 20.241881,
        "fair_value": 17.175032,
        "relative_strength": -4.71312,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -23.897049,
        "energy": 22.035146,
        "activity_lines": [
          19.836991,
          19.521199,
          19.785626,
          20.018152
        ]
      },
      {
        "date": "2025-05-23",
        "close": 19.962362,
        "volume": 1428981,
        "typical_volume": 2106044.35,
        "trend": 20.239921,
        "fair_value": 17.204113,
        "relative_strength": -3.453992,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -24.761783,
        "energy": 22.49876,
        "activity_lines": [
          19.943865,
          19.61715,
          19.775167,
          20.000118
        ]
      },
      {
        "date": "2025-05-30",
        "close": 20.291714,
        "volume": 1372513,
        "typical_volume": 2117283.25,
        "trend": 20.251834,
        "fair_value": 17.23554,
        "relative_strength": -3.601545,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -12.621575,
        "energy": 18.377644,
        "activity_lines": [
          20.08817,
          19.768614,
          19.799716,
          20.00346
        ]
      },
      {
        "date": "2025-06-06",
        "close": 20.602768,
        "volume": 1769699,
        "typical_volume": 2136389.25,
        "trend": 20.249226,
        "fair_value": 17.272548,
        "relative_strength": -4.034488,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 24.21665,
        "energy": 26.139307,
        "activity_lines": [
          20.284989,
          19.968065,
          19.853864,
          20.026101
        ]
      },
      {
        "date": "2025-06-13",
        "close": 20.502133,
        "volume": 4339560,
        "typical_volume": 2220345.25,
        "trend": 20.253393,
        "fair_value": 17.31525,
        "relative_strength": -3.9401,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 21.921758,
        "energy": 29.882393,
        "activity_lines": [
          20.394517,
          20.13144,
          19.89906,
          20.042417
        ]
      },
      {
        "date": "2025-06-20",
        "close": 20.529579,
        "volume": 1833896,
        "typical_volume": 2140383.65,
        "trend": 20.247399,
        "fair_value": 17.35536,
        "relative_strength": -3.762729,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 23.497619,
        "energy": 38.921265,
        "activity_lines": [
          20.467368,
          20.254694,
          19.948965,
          20.060236
        ]
      },
      {
        "date": "2025-06-27",
        "close": 20.990216,
        "volume": 2143582,
        "typical_volume": 2155703.75,
        "trend": 20.252386,
        "fair_value": 17.398379,
        "relative_strength": -5.459684,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 34.61474,
        "energy": 51.248999,
        "activity_lines": [
          20.671536,
          20.432965,
          20.044452,
          20.10816
        ]
      },
      {
        "date": "2025-07-04",
        "close": 21.156073,
        "volume": 1882550,
        "typical_volume": 2184056.1,
        "trend": 20.257946,
        "fair_value": 17.441855,
        "relative_strength": -6.074357,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 40.515435,
        "energy": 60.932061,
        "activity_lines": [
          20.862467,
          20.602971,
          20.155378,
          20.166462
        ]
      },
      {
        "date": "2025-07-11",
        "close": 21.110002,
        "volume": 2998801,
        "typical_volume": 2153850.4,
        "trend": 20.262495,
        "fair_value": 17.484907,
        "relative_strength": -5.890159,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 47.703063,
        "energy": 73.116677,
        "activity_lines": [
          20.980416,
          20.734929,
          20.261405,
          20.221433
        ]
      },
      {
        "date": "2025-07-18",
        "close": 21.248217,
        "volume": 1677360,
        "typical_volume": 2148284.35,
        "trend": 20.284571,
        "fair_value": 17.52726,
        "relative_strength": -6.352356,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 76.523608,
        "energy": 87.313405,
        "activity_lines": [
          21.110622,
          20.868137,
          20.379009,
          20.285028
        ]
      },
      {
        "date": "2025-07-25",
        "close": 21.351391,
        "volume": 2428351,
        "typical_volume": 2179632.65,
        "trend": 20.306268,
        "fair_value": 17.56739,
        "relative_strength": -6.580863,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.055317,
        "energy": 90.609651,
        "activity_lines": [
          21.225479,
          20.99404,
          20.503727,
          20.353855
        ]
      },
      {
        "date": "2025-08-01",
        "close": 21.193576,
        "volume": 1893033,
        "typical_volume": 2183017.3,
        "trend": 20.321824,
        "fair_value": 17.60703,
        "relative_strength": -5.006876,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.24853,
        "energy": 85.769676,
        "activity_lines": [
          21.232945,
          21.070246,
          20.607445,
          20.411101
        ]
      },
      {
        "date": "2025-08-08",
        "close": 21.611321,
        "volume": 1716372,
        "typical_volume": 2161924.75,
        "trend": 20.365987,
        "fair_value": 17.647684,
        "relative_strength": -6.427751,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.994856,
        "energy": 90.091801,
        "activity_lines": [
          21.366101,
          21.200019,
          20.743941,
          20.494294
        ]
      },
      {
        "date": "2025-08-15",
        "close": 21.620604,
        "volume": 1528094,
        "typical_volume": 2129385.25,
        "trend": 20.395484,
        "fair_value": 17.688735,
        "relative_strength": -6.691536,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.891314,
        "energy": 87.712896,
        "activity_lines": [
          21.472002,
          21.307488,
          20.872793,
          20.575237
        ]
      },
      {
        "date": "2025-08-22",
        "close": 21.697668,
        "volume": 2002342,
        "typical_volume": 2104611.1,
        "trend": 20.42067,
        "fair_value": 17.73303,
        "relative_strength": -5.351761,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.578055,
        "energy": 75.917802,
        "activity_lines": [
          21.569551,
          21.410462,
          20.999481,
          20.659249
        ]
      },
      {
        "date": "2025-08-29",
        "close": 21.70702,
        "volume": 3061142,
        "typical_volume": 2095078.15,
        "trend": 20.447943,
        "fair_value": 17.780372,
        "relative_strength": -4.90506,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.814877,
        "energy": 81.164904,
        "activity_lines": [
          21.640253,
          21.493399,
          21.109552,
          20.74224
        ]
      },
      {
        "date": "2025-09-05",
        "close": 21.875364,
        "volume": 1532016,
        "typical_volume": 2107803.3,
        "trend": 20.47994,
        "fair_value": 17.826312,
        "relative_strength": -4.894007,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.479461,
        "energy": 83.287364,
        "activity_lines": [
          21.743362,
          21.585536,
          21.222523,
          20.834331
        ]
      },
      {
        "date": "2025-09-12",
        "close": 22.12788,
        "volume": 4097890,
        "typical_volume": 2120927.3,
        "trend": 20.515917,
        "fair_value": 17.876805,
        "relative_strength": -5.369411,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.559155,
        "energy": 83.18022,
        "activity_lines": [
          21.88519,
          21.707492,
          21.345266,
          20.94065
        ]
      },
      {
        "date": "2025-09-19",
        "close": 22.296224,
        "volume": 2388014,
        "typical_volume": 2154217.8,
        "trend": 20.566557,
        "fair_value": 17.932586,
        "relative_strength": -6.491396,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.626339,
        "energy": 83.835714,
        "activity_lines": [
          22.048696,
          21.842386,
          21.471643,
          21.055509
        ]
      },
      {
        "date": "2025-09-26",
        "close": 22.288485,
        "volume": 1955431,
        "typical_volume": 2191392.25,
        "trend": 20.620217,
        "fair_value": 17.989921,
        "relative_strength": -5.944347,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.939535,
        "energy": 85.294826,
        "activity_lines": [
          22.164581,
          21.954306,
          21.585379,
          21.166601
        ]
      },
      {
        "date": "2025-10-03",
        "close": 22.345007,
        "volume": 2581985,
        "typical_volume": 2231580.6,
        "trend": 20.695131,
        "fair_value": 18.046292,
        "relative_strength": -6.654496,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.230317,
        "energy": 83.400944,
        "activity_lines": [
          22.259918,
          22.057589,
          21.692719,
          21.277878
        ]
      },
      {
        "date": "2025-10-10",
        "close": 21.987035,
        "volume": 3133479,
        "typical_volume": 2316805.5,
        "trend": 20.770629,
        "fair_value": 18.101451,
        "relative_strength": -5.864514,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.10735,
        "energy": 65.782233,
        "activity_lines": [
          22.193399,
          22.07772,
          21.755734,
          21.361226
        ]
      },
      {
        "date": "2025-10-17",
        "close": 22.316746,
        "volume": 1913997,
        "typical_volume": 2343879.7,
        "trend": 20.85384,
        "fair_value": 18.155413,
        "relative_strength": -6.552209,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.138354,
        "energy": 65.516044,
        "activity_lines": [
          22.229339,
          22.143371,
          21.840509,
          21.460976
        ]
      },
      {
        "date": "2025-10-24",
        "close": 22.540926,
        "volume": 1930698,
        "typical_volume": 2351929.65,
        "trend": 20.95104,
        "fair_value": 18.208898,
        "relative_strength": -7.442915,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.18893,
        "energy": 66.309846,
        "activity_lines": [
          22.327415,
          22.236957,
          21.936991,
          21.56982
        ]
      },
      {
        "date": "2025-10-31",
        "close": 22.578889,
        "volume": 1998918,
        "typical_volume": 2234897.55,
        "trend": 21.102968,
        "fair_value": 18.26416,
        "relative_strength": -8.819147,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.14201,
        "energy": 65.383824,
        "activity_lines": [
          22.421831,
          22.320713,
          22.027859,
          21.674842
        ]
      },
      {
        "date": "2025-11-07",
        "close": 22.389071,
        "volume": 1672891,
        "typical_volume": 2226847.3,
        "trend": 21.217632,
        "fair_value": 18.315318,
        "relative_strength": -6.549553,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.118879,
        "energy": 59.694196,
        "activity_lines": [
          22.433614,
          22.353933,
          22.09076,
          21.757817
        ]
      },
      {
        "date": "2025-11-14",
        "close": 22.37958,
        "volume": 2215214,
        "typical_volume": 2230428.9,
        "trend": 21.334383,
        "fair_value": 18.366743,
        "relative_strength": -6.247772,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.291057,
        "energy": 54.11305,
        "activity_lines": [
          22.439297,
          22.373027,
          22.143902,
          21.832781
        ]
      },
      {
        "date": "2025-11-21",
        "close": 22.054042,
        "volume": 2730159,
        "typical_volume": 2272809.35,
        "trend": 21.418713,
        "fair_value": 18.413848,
        "relative_strength": -4.492083,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.790931,
        "energy": 37.277015,
        "activity_lines": [
          22.310296,
          22.323765,
          22.159425,
          21.879211
        ]
      },
      {
        "date": "2025-11-28",
        "close": 22.68525,
        "volume": 1788616,
        "typical_volume": 2212300.1,
        "trend": 21.515001,
        "fair_value": 18.464423,
        "relative_strength": -6.18179,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.145472,
        "energy": 42.817257,
        "activity_lines": [
          22.409213,
          22.39061,
          22.230786,
          21.960923
        ]
      },
      {
        "date": "2025-12-05",
        "close": 22.68525,
        "volume": 5265657,
        "typical_volume": 2391714.95,
        "trend": 21.610685,
        "fair_value": 18.516892,
        "relative_strength": -6.941584,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.928799,
        "energy": 43.639823,
        "activity_lines": [
          22.498507,
          22.450382,
          22.294647,
          22.036423
        ]
      },
      {
        "date": "2025-12-12",
        "close": 22.691945,
        "volume": 1746054,
        "typical_volume": 2357600.1,
        "trend": 21.693878,
        "fair_value": 18.570386,
        "relative_strength": -4.985407,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.805523,
        "energy": 44.62665,
        "activity_lines": [
          22.582943,
          22.504158,
          22.352302,
          22.106182
        ]
      },
      {
        "date": "2025-12-19",
        "close": 22.740123,
        "volume": 2941540,
        "typical_volume": 2410025.45,
        "trend": 21.78647,
        "fair_value": 18.624441,
        "relative_strength": -5.170086,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.268353,
        "energy": 50.188592,
        "activity_lines": [
          22.663246,
          22.560385,
          22.408162,
          22.173681
        ]
      },
      {
        "date": "2025-12-26",
        "close": 22.952107,
        "volume": 1493031,
        "typical_volume": 2398858.4,
        "trend": 21.87515,
        "fair_value": 18.680091,
        "relative_strength": -5.315196,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.184829,
        "energy": 62.951265,
        "activity_lines": [
          22.790174,
          22.641462,
          22.476846,
          22.248884
        ]
      },
      {
        "date": "2026-01-02",
        "close": 22.884658,
        "volume": 2056937,
        "typical_volume": 2425300.55,
        "trend": 21.951213,
        "fair_value": 18.734078,
        "relative_strength": -3.799692,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.821316,
        "energy": 56.475003,
        "activity_lines": [
          22.834748,
          22.698724,
          22.532722,
          22.314013
        ]
      },
      {
        "date": "2026-01-09",
        "close": 23.077371,
        "volume": 4750349,
        "typical_volume": 2562700.9,
        "trend": 22.037054,
        "fair_value": 18.786481,
        "relative_strength": -4.925247,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.722479,
        "energy": 63.766187,
        "activity_lines": [
          22.930267,
          22.784775,
          22.600932,
          22.386669
        ]
      },
      {
        "date": "2026-01-16",
        "close": 23.087006,
        "volume": 3222119,
        "typical_volume": 2570749.75,
        "trend": 22.122302,
        "fair_value": 18.839286,
        "relative_strength": -3.927696,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.960483,
        "energy": 66.012114,
        "activity_lines": [
          23.002855,
          22.863514,
          22.66349,
          22.454407
        ]
      },
      {
        "date": "2026-01-23",
        "close": 23.056293,
        "volume": 4688853,
        "typical_volume": 2728591.6,
        "trend": 22.191171,
        "fair_value": 18.890511,
        "relative_strength": -4.151115,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.975122,
        "energy": 54.531354,
        "activity_lines": [
          23.038868,
          22.92398,
          22.716552,
          22.514665
        ]
      },
      {
        "date": "2026-01-30",
        "close": 23.056293,
        "volume": 3092843,
        "typical_volume": 2678339.25,
        "trend": 22.254511,
        "fair_value": 18.941007,
        "relative_strength": -3.870814,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.105811,
        "energy": 48.691089,
        "activity_lines": [
          23.053804,
          22.972141,
          22.76399,
          22.570479
        ]
      },
      {
        "date": "2026-02-06",
        "close": 23.260159,
        "volume": 4461805,
        "typical_volume": 2782028.8,
        "trend": 22.326183,
        "fair_value": 18.993134,
        "relative_strength": -0.975996,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.967577,
        "energy": 49.998298,
        "activity_lines": [
          23.129749,
          23.039147,
          22.826422,
          22.63536
        ]
      },
      {
        "date": "2026-02-13",
        "close": 23.036877,
        "volume": 2362736,
        "typical_volume": 2802394.05,
        "trend": 22.385805,
        "fair_value": 19.043377,
        "relative_strength": -0.615656,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.963019,
        "energy": 41.867521,
        "activity_lines": [
          23.106233,
          23.055102,
          22.863,
          22.681211
        ]
      },
      {
        "date": "2026-02-20",
        "close": 23.344618,
        "volume": 2637372,
        "typical_volume": 2805163.4,
        "trend": 22.452246,
        "fair_value": 19.097093,
        "relative_strength": -0.360746,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.362244,
        "energy": 47.660868,
        "activity_lines": [
          23.187997,
          23.120618,
          22.925322,
          22.74307
        ]
      },
      {
        "date": "2026-02-27",
        "close": 23.14902,
        "volume": 4726758,
        "typical_volume": 2884827.35,
        "trend": 22.517428,
        "fair_value": 19.148452,
        "relative_strength": -0.810603,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.078823,
        "energy": 42.557176,
        "activity_lines": [
          23.187388,
          23.138703,
          22.964257,
          22.788023
        ]
      },
      {
        "date": "2026-03-06",
        "close": 22.669805,
        "volume": 3119950,
        "typical_volume": 2945125.0,
        "trend": 22.552711,
        "fair_value": 19.200484,
        "relative_strength": -1.481443,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 30.786816,
        "energy": 20.454876,
        "activity_lines": [
          23.020858,
          23.062224,
          22.952018,
          22.797854
        ]
      },
      {
        "date": "2026-03-13",
        "close": 22.523106,
        "volume": 2224313,
        "typical_volume": 2959805.75,
        "trend": 22.582794,
        "fair_value": 19.250901,
        "relative_strength": -0.956695,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 13.004835,
        "energy": 11.225692,
        "activity_lines": [
          22.831195,
          22.964205,
          22.924127,
          22.795944
        ]
      },
      {
        "date": "2026-03-20",
        "close": 22.21015,
        "volume": 2622714,
        "typical_volume": 2990995.55,
        "trend": 22.599877,
        "fair_value": 19.297936,
        "relative_strength": -0.212598,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "mixed",
        "direction": -31.041506,
        "energy": 29.910696,
        "activity_lines": [
          22.58635,
          22.815859,
          22.866515,
          22.771902
        ]
      },
      {
        "date": "2026-03-27",
        "close": 22.195686,
        "volume": 2298509,
        "typical_volume": 3022276.45,
        "trend": 22.616166,
        "fair_value": 19.342712,
        "relative_strength": 3.181596,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "mixed",
        "direction": -29.968723,
        "energy": 35.996285,
        "activity_lines": [
          22.391799,
          22.68065,
          22.809282,
          22.745825
        ]
      },
      {
        "date": "2026-04-03",
        "close": 22.787045,
        "volume": 2034738,
        "typical_volume": 3013252.65,
        "trend": 22.646555,
        "fair_value": 19.391133,
        "relative_strength": 2.07394,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "mixed",
        "direction": -18.842799,
        "energy": 26.435464,
        "activity_lines": [
          22.470962,
          22.669167,
          22.809289,
          22.75685
        ]
      },
      {
        "date": "2026-04-10",
        "close": 23.319268,
        "volume": 4548833,
        "typical_volume": 3104186.35,
        "trend": 22.686268,
        "fair_value": 19.44224,
        "relative_strength": 0.186956,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 26.746968,
        "energy": 15.569923,
        "activity_lines": [
          22.751666,
          22.759348,
          22.858044,
          22.800251
        ]
      },
      {
        "date": "2026-04-17",
        "close": 23.398116,
        "volume": 2396603,
        "typical_volume": 3134585.7,
        "trend": 22.722998,
        "fair_value": 19.493703,
        "relative_strength": -5.008605,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.274216,
        "energy": 26.512928,
        "activity_lines": [
          23.015354,
          22.859083,
          22.908283,
          22.846176
        ]
      },
      {
        "date": "2026-04-24",
        "close": 23.270851,
        "volume": 7333746,
        "typical_volume": 3237990.15,
        "trend": 22.755743,
        "fair_value": 19.543668,
        "relative_strength": -7.260626,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 44.2006,
        "energy": 35.490307,
        "activity_lines": [
          23.178287,
          22.93317,
          22.943008,
          22.881522
        ]
      },
      {
        "date": "2026-05-01",
        "close": 23.359558,
        "volume": 3885083,
        "typical_volume": 3344941.6,
        "trend": 22.789561,
        "fair_value": 19.594835,
        "relative_strength": -8.044705,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.166659,
        "energy": 45.408787,
        "activity_lines": [
          23.300075,
          23.019133,
          22.983392,
          22.920478
        ]
      },
      {
        "date": "2026-05-08",
        "close": 23.379271,
        "volume": 2804183,
        "typical_volume": 3338073.75,
        "trend": 22.835969,
        "fair_value": 19.646031,
        "relative_strength": -12.412787,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.854109,
        "energy": 59.458521,
        "activity_lines": [
          23.350843,
          23.108407,
          23.022474,
          22.958523
        ]
      },
      {
        "date": "2026-05-15",
        "close": 23.536973,
        "volume": 3230052,
        "typical_volume": 3424924.8,
        "trend": 22.876644,
        "fair_value": 19.696825,
        "relative_strength": -11.278191,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.011173,
        "energy": 59.82317,
        "activity_lines": [
          23.414696,
          23.222169,
          23.073533,
          23.003749
        ]
      },
      {
        "date": "2026-05-22",
        "close": 23.707,
        "volume": 2742332,
        "typical_volume": 3459194.55,
        "trend": 22.915513,
        "fair_value": 19.748404,
        "relative_strength": -11.422529,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.600029,
        "energy": 60.866479,
        "activity_lines": [
          23.520711,
          23.351077,
          23.137999,
          23.057321
        ]
      },
      {
        "date": "2026-05-29",
        "close": 23.637507,
        "volume": 2264496,
        "typical_volume": 3334901.9,
        "trend": 22.9508,
        "fair_value": 19.798064,
        "relative_strength": -13.846098,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.430574,
        "energy": 57.567512,
        "activity_lines": [
          23.58297,
          23.445825,
          23.19193,
          23.103901
        ]
      },
      {
        "date": "2026-06-05",
        "close": 23.478666,
        "volume": 2886059,
        "typical_volume": 3318098.9,
        "trend": 22.98712,
        "fair_value": 19.846216,
        "relative_strength": -10.123246,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.899052,
        "energy": 50.922798,
        "activity_lines": [
          23.567838,
          23.485742,
          23.228067,
          23.137957
        ]
      },
      {
        "date": "2026-06-12",
        "close": 23.597797,
        "volume": 4269757,
        "typical_volume": 3297144.1,
        "trend": 23.027727,
        "fair_value": 19.894023,
        "relative_strength": -11.414602,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.878392,
        "energy": 46.155565,
        "activity_lines": [
          23.584476,
          23.523991,
          23.273685,
          23.177356
        ]
      },
      {
        "date": "2026-06-19",
        "close": 23.628639,
        "volume": 3446520,
        "typical_volume": 3314827.95,
        "trend": 23.080214,
        "fair_value": 19.94294,
        "relative_strength": -13.282403,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.100824,
        "energy": 40.086372,
        "activity_lines": [
          23.596826,
          23.553107,
          23.319661,
          23.216124
        ]
      },
      {
        "date": "2026-06-26",
        "close": 23.275022,
        "volume": 3983660,
        "typical_volume": 3290920.7,
        "trend": 23.099873,
        "fair_value": 19.988204,
        "relative_strength": -10.298656,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 42.772977,
        "energy": 25.308132,
        "activity_lines": [
          23.485193,
          23.512304,
          23.329234,
          23.228692
        ]
      },
      {
        "date": "2026-07-03",
        "close": 23.533082,
        "volume": 2732954,
        "typical_volume": 3309431.6,
        "trend": 23.128134,
        "fair_value": 20.035716,
        "relative_strength": -9.834713,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 43.178955,
        "energy": 25.319813,
        "activity_lines": [
          23.488378,
          23.520659,
          23.363313,
          23.256641
        ]
      },
      {
        "date": "2026-07-10",
        "close": 23.75144,
        "volume": 3713870,
        "typical_volume": 3363256.5,
        "trend": 23.16345,
        "fair_value": 20.083193,
        "relative_strength": -10.358842,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 64.896175,
        "energy": 35.536063,
        "activity_lines": [
          23.571311,
          23.563948,
          23.415826,
          23.296855
        ]
      },
      {
        "date": "2026-07-17",
        "close": 23.60256,
        "volume": 3842755,
        "typical_volume": 3319056.35,
        "trend": 23.192198,
        "fair_value": 20.129336,
        "relative_strength": -6.855554,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.364292,
        "energy": 30.369769,
        "activity_lines": [
          23.586433,
          23.573043,
          23.452222,
          23.325184
        ]
      },
      {
        "date": "2026-07-24",
        "close": 23.69,
        "volume": 6386941,
        "typical_volume": 3482405.9,
        "trend": 23.216795,
        "fair_value": 20.175242,
        "relative_strength": -4.832395,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.285193,
        "energy": 38.921915,
        "activity_lines": [
          23.630383,
          23.593976,
          23.494786,
          23.357301
        ]
      },
      {
        "date": "2026-07-31",
        "close": 23.64,
        "volume": 3620386,
        "typical_volume": 3552209.55,
        "trend": 23.241973,
        "fair_value": 20.222123,
        "relative_strength": -5.349945,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 53.134986,
        "energy": 34.327268,
        "activity_lines": [
          23.653576,
          23.603035,
          23.52773,
          23.384604
        ]
      },
      {
        "date": "2026-08-07",
        "close": 23.96,
        "volume": 2788184,
        "typical_volume": 3560483.05,
        "trend": 23.271394,
        "fair_value": 20.270905,
        "relative_strength": -8.494129,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.997202,
        "energy": 42.192161,
        "activity_lines": [
          23.759104,
          23.671495,
          23.585832,
          23.430928
        ]
      }
    ],
    "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."
    }
  }
}