{
  "ticker": {
    "uuid": "95c3614f-79a8-46ef-bba3-7cf0107074d2",
    "symbol": "FXI",
    "name": "iShares China Large-Cap ETF",
    "exchange": "MEX",
    "country": "MX",
    "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": "^MXX",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -9.566,
    "architecture_energy": 29.464,
    "architecture_maturity": 100.0,
    "architecture_confidence": 54.661,
    "architecture_tenure": "Extended",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 47.71,
        "rotation_up": 47.92,
        "upward_expansion": 24.39,
        "deceleration": 41.33,
        "rotation_down": 16.97,
        "downward_expansion": 56.06
      },
      "activity_lines": [
        613.844662,
        598.566656,
        602.578474,
        611.99795
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.166667
    },
    "latest_close": 620.0,
    "trend_reference": 628.456724,
    "distance_from_trend": -0.013456,
    "trend_direction": "Weakening",
    "fair_value": 581.832404,
    "distance_from_fair_value": 0.065599,
    "fair_value_direction": "Weakening",
    "relative_strength": -9.45215,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.082324,
    "excess_performance": -0.027658,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.013456,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.058189,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.065599,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.054444,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.094522,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.072905,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.082324,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.349881,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 6855,
      "relative_activity": 1.383856,
      "balance": 1.349881,
      "dry_up": 1.90636,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.028441,
      "annualized_volatility": 0.1699,
      "from_high_reference": -0.189964,
      "from_low_reference": 0.115108
    },
    "levels": {
      "trend_reference": 628.456724,
      "fair_value_reference": 581.832404,
      "structural_low": 556.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 34,
        "median_return": -0.017345,
        "positive_rate": 0.441176,
        "directional_follow_through": 0.558824,
        "median_excess_return": -0.018289,
        "regime_survival": 0.882353,
        "best_return": 0.105477,
        "worst_return": -0.121312,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
        "median_return": -0.052401,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.081313,
        "regime_survival": 0.75,
        "best_return": 0.107597,
        "worst_return": -0.180328,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.105092,
        "positive_rate": 0.166667,
        "directional_follow_through": 0.833333,
        "median_excess_return": -0.106476,
        "regime_survival": 0.5,
        "best_return": 0.056375,
        "worst_return": -0.156343,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.203507,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.159579,
        "regime_survival": 0.333333,
        "best_return": 0.118556,
        "worst_return": -0.265012,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-04-05",
        "end": "2024-04-26",
        "tenure": "New",
        "return": 0.096838,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-05-03",
        "end": "2024-05-24",
        "tenure": "New",
        "return": -0.004619,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-31",
        "end": "2024-07-26",
        "tenure": "Developing",
        "return": 0.029991,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-02",
        "end": "2024-08-23",
        "tenure": "New",
        "return": 0.036527,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-08-30",
        "end": "2024-11-15",
        "tenure": "Developing",
        "return": 0.172433,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-22",
        "end": "2025-01-17",
        "tenure": "Developing",
        "return": 0.038212,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-01-24",
        "end": "2025-04-11",
        "tenure": "Developing",
        "return": 0.055714,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-18",
        "end": "2025-07-25",
        "tenure": "Established",
        "return": 0.110295,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-01",
        "end": "2025-08-22",
        "tenure": "New",
        "return": 0.048293,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-08-29",
        "end": "2025-09-12",
        "tenure": "New",
        "return": 0.032116,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-19",
        "end": "2025-10-24",
        "tenure": "Developing",
        "return": -0.026034,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-31",
        "end": "2025-12-19",
        "tenure": "Developing",
        "return": -0.040357,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-12-26",
        "end": "2026-01-23",
        "tenure": "Developing",
        "return": -0.005011,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-30",
        "end": "2026-08-07",
        "tenure": "Extended",
        "return": -0.119931,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 442.914124,
        "volume": 22239,
        "typical_volume": 15582.15,
        "trend": 500.661672,
        "fair_value": 714.921899,
        "relative_strength": -16.264699,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.588899,
        "energy": 28.44055,
        "activity_lines": [
          469.38171,
          469.985305,
          474.083847,
          483.467561
        ]
      },
      {
        "date": "2023-08-25",
        "close": 441.68103,
        "volume": 2746,
        "typical_volume": 14803.05,
        "trend": 494.82297,
        "fair_value": 711.522995,
        "relative_strength": -15.775209,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.952224,
        "energy": 46.513307,
        "activity_lines": [
          458.755477,
          464.711109,
          470.247415,
          479.662359
        ]
      },
      {
        "date": "2023-09-01",
        "close": 463.551025,
        "volume": 12060,
        "typical_volume": 13744.3,
        "trend": 490.891728,
        "fair_value": 708.580774,
        "relative_strength": -10.840979,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.667175,
        "energy": 53.948191,
        "activity_lines": [
          456.685868,
          464.386114,
          468.864915,
          477.644814
        ]
      },
      {
        "date": "2023-09-08",
        "close": 471.324402,
        "volume": 54806,
        "typical_volume": 16313.5,
        "trend": 488.121275,
        "fair_value": 705.814473,
        "relative_strength": -7.702259,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.533283,
        "energy": 47.839846,
        "activity_lines": [
          459.23359,
          465.305683,
          468.481734,
          476.382406
        ]
      },
      {
        "date": "2023-09-15",
        "close": 457.721008,
        "volume": 3247,
        "typical_volume": 15429.8,
        "trend": 485.59492,
        "fair_value": 703.072563,
        "relative_strength": -7.784957,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.251808,
        "energy": 37.568335,
        "activity_lines": [
          459.388794,
          463.553001,
          466.958993,
          474.421098
        ]
      },
      {
        "date": "2023-09-22",
        "close": 458.707489,
        "volume": 1406,
        "typical_volume": 15169.7,
        "trend": 483.985702,
        "fair_value": 700.282126,
        "relative_strength": -7.662783,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.526445,
        "energy": 27.269265,
        "activity_lines": [
          460.478518,
          462.051421,
          465.738725,
          472.686425
        ]
      },
      {
        "date": "2023-09-29",
        "close": 454.662964,
        "volume": 11997,
        "typical_volume": 15336.75,
        "trend": 481.607235,
        "fair_value": 697.400133,
        "relative_strength": -6.558047,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.885613,
        "energy": 28.638047,
        "activity_lines": [
          459.167175,
          459.975895,
          464.346858,
          470.794636
        ]
      },
      {
        "date": "2023-10-06",
        "close": 471.383606,
        "volume": 3242,
        "typical_volume": 14815.6,
        "trend": 481.015536,
        "fair_value": 694.59008,
        "relative_strength": -0.382758,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.764941,
        "energy": 19.912599,
        "activity_lines": [
          462.563918,
          461.049893,
          464.694208,
          470.135047
        ]
      },
      {
        "date": "2023-10-13",
        "close": 465.533844,
        "volume": 248,
        "typical_volume": 13899.75,
        "trend": 479.432363,
        "fair_value": 691.673178,
        "relative_strength": -0.81413,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.277315,
        "energy": 17.20586,
        "activity_lines": [
          463.488568,
          461.470489,
          464.552531,
          469.136228
        ]
      },
      {
        "date": "2023-10-20",
        "close": 452.788635,
        "volume": 1502,
        "typical_volume": 13829.5,
        "trend": 477.004565,
        "fair_value": 688.607054,
        "relative_strength": -1.218055,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.54982,
        "energy": 21.726527,
        "activity_lines": [
          460.550852,
          460.263225,
          463.210793,
          467.417278
        ]
      },
      {
        "date": "2023-10-27",
        "close": 462.140381,
        "volume": 586,
        "typical_volume": 13663.05,
        "trend": 474.625523,
        "fair_value": 685.673443,
        "relative_strength": -0.812608,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -33.275042,
        "energy": 15.01231,
        "activity_lines": [
          461.05921,
          461.011147,
          462.855946,
          466.458298
        ]
      },
      {
        "date": "2023-11-03",
        "close": 448.842804,
        "volume": 17934,
        "typical_volume": 12399.55,
        "trend": 472.266719,
        "fair_value": 682.346928,
        "relative_strength": -8.113725,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.250889,
        "energy": 28.783103,
        "activity_lines": [
          456.906183,
          458.991759,
          461.286759,
          464.794897
        ]
      },
      {
        "date": "2023-11-10",
        "close": 446.869873,
        "volume": 6408,
        "typical_volume": 12370.4,
        "trend": 469.897704,
        "fair_value": 679.105485,
        "relative_strength": -8.373549,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.02705,
        "energy": 46.148301,
        "activity_lines": [
          452.483523,
          456.483442,
          459.75036,
          463.156391
        ]
      },
      {
        "date": "2023-11-17",
        "close": 442.924011,
        "volume": 13216,
        "typical_volume": 11869.05,
        "trend": 467.859015,
        "fair_value": 675.933381,
        "relative_strength": -11.392756,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.637413,
        "energy": 57.324208,
        "activity_lines": [
          448.379824,
          453.560989,
          457.873396,
          461.416152
        ]
      },
      {
        "date": "2023-11-24",
        "close": 443.910461,
        "volume": 862,
        "typical_volume": 11064.2,
        "trend": 465.939001,
        "fair_value": 672.631989,
        "relative_strength": -11.414265,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.793245,
        "energy": 63.089379,
        "activity_lines": [
          446.112264,
          451.334262,
          456.173524,
          459.871084
        ]
      },
      {
        "date": "2023-12-01",
        "close": 423.194641,
        "volume": 8453,
        "typical_volume": 11443.2,
        "trend": 463.260086,
        "fair_value": 669.461335,
        "relative_strength": -16.578777,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -82.867154,
        "energy": 78.967159,
        "activity_lines": [
          437.531309,
          445.592122,
          452.585272,
          457.113384
        ]
      },
      {
        "date": "2023-12-08",
        "close": 406.444366,
        "volume": 9296,
        "typical_volume": 11860.85,
        "trend": 460.625373,
        "fair_value": 666.203482,
        "relative_strength": -19.991321,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -90.726425,
        "energy": 89.336905,
        "activity_lines": [
          425.963311,
          437.450167,
          447.613141,
          453.447853
        ]
      },
      {
        "date": "2023-12-15",
        "close": 409.680023,
        "volume": 9642,
        "typical_volume": 10084.75,
        "trend": 458.09194,
        "fair_value": 663.064266,
        "relative_strength": -22.598608,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -81.856624,
        "energy": 90.89263,
        "activity_lines": [
          418.300429,
          430.773214,
          443.207435,
          450.161057
        ]
      },
      {
        "date": "2023-12-22",
        "close": 397.784851,
        "volume": 11685,
        "typical_volume": 10134.15,
        "trend": 455.73726,
        "fair_value": 659.980032,
        "relative_strength": -24.506137,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -85.223696,
        "energy": 93.708316,
        "activity_lines": [
          409.151813,
          423.055386,
          438.070113,
          446.270277
        ]
      },
      {
        "date": "2023-12-29",
        "close": 402.329315,
        "volume": 317,
        "typical_volume": 9594.6,
        "trend": 453.381537,
        "fair_value": 656.717229,
        "relative_strength": -23.067725,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.306396,
        "energy": 88.526025,
        "activity_lines": [
          404.527295,
          417.395625,
          433.868781,
          442.824603
        ]
      },
      {
        "date": "2024-01-05",
        "close": 390.237152,
        "volume": 17606,
        "typical_volume": 9362.95,
        "trend": 450.620098,
        "fair_value": 653.144544,
        "relative_strength": -23.074979,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -80.847285,
        "energy": 89.48013,
        "activity_lines": [
          398.644132,
          410.45473,
          428.822849,
          438.750772
        ]
      },
      {
        "date": "2024-01-12",
        "close": 378.767456,
        "volume": 7194,
        "typical_volume": 9585.35,
        "trend": 446.739444,
        "fair_value": 649.487293,
        "relative_strength": -23.859444,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -85.273106,
        "energy": 87.854976,
        "activity_lines": [
          391.134904,
          402.735768,
          422.935407,
          434.115117
        ]
      },
      {
        "date": "2024-01-19",
        "close": 365.529358,
        "volume": 14607,
        "typical_volume": 9712.7,
        "trend": 443.781478,
        "fair_value": 645.31805,
        "relative_strength": -25.574639,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -88.599893,
        "energy": 90.589278,
        "activity_lines": [
          381.058103,
          393.883975,
          416.086782,
          428.875757
        ]
      },
      {
        "date": "2024-01-26",
        "close": 384.299805,
        "volume": 8508,
        "typical_volume": 7397.8,
        "trend": 441.245322,
        "fair_value": 641.44074,
        "relative_strength": -22.931339,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.440678,
        "energy": 72.131654,
        "activity_lines": [
          380.181496,
          389.92391,
          411.492589,
          425.03823
        ]
      },
      {
        "date": "2024-02-02",
        "close": 363.602875,
        "volume": 10517,
        "typical_volume": 7761.3,
        "trend": 437.976523,
        "fair_value": 637.146842,
        "relative_strength": -28.086973,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -79.592535,
        "energy": 73.641706,
        "activity_lines": [
          373.304916,
          383.266662,
          405.341663,
          420.029039
        ]
      },
      {
        "date": "2024-02-09",
        "close": 378.352509,
        "volume": 11877,
        "typical_volume": 8284.85,
        "trend": 435.002084,
        "fair_value": 632.819225,
        "relative_strength": -23.322762,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.065989,
        "energy": 63.227274,
        "activity_lines": [
          373.926642,
          380.751302,
          401.043645,
          416.182329
        ]
      },
      {
        "date": "2024-02-16",
        "close": 389.703705,
        "volume": 40288,
        "typical_volume": 9699.4,
        "trend": 432.636194,
        "fair_value": 628.386707,
        "relative_strength": -20.199978,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.788493,
        "energy": 52.831674,
        "activity_lines": [
          379.12441,
          381.115109,
          398.209336,
          413.259853
        ]
      },
      {
        "date": "2024-02-23",
        "close": 408.404938,
        "volume": 56930,
        "typical_volume": 12383.8,
        "trend": 429.784889,
        "fair_value": 624.52587,
        "relative_strength": -15.21277,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.458916,
        "energy": 34.683828,
        "activity_lines": [
          389.826839,
          385.183515,
          397.465427,
          411.696546
        ]
      },
      {
        "date": "2024-03-01",
        "close": 403.623413,
        "volume": 3219,
        "typical_volume": 12532.35,
        "trend": 426.457215,
        "fair_value": 620.526369,
        "relative_strength": -14.035719,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.213865,
        "energy": 25.11703,
        "activity_lines": [
          396.077055,
          388.405736,
          396.566033,
          410.008709
        ]
      },
      {
        "date": "2024-03-08",
        "close": 382.235046,
        "volume": 2644,
        "typical_volume": 12589.45,
        "trend": 423.63817,
        "fair_value": 616.62352,
        "relative_strength": -17.26726,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.929343,
        "energy": 27.216163,
        "activity_lines": [
          393.909574,
          387.633007,
          393.924463,
          407.155666
        ]
      },
      {
        "date": "2024-03-15",
        "close": 396.915497,
        "volume": 2737,
        "typical_volume": 12697.0,
        "trend": 422.104883,
        "fair_value": 612.956419,
        "relative_strength": -15.51943,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -31.558049,
        "energy": 21.50843,
        "activity_lines": [
          395.393433,
          389.894802,
          393.017001,
          405.431622
        ]
      },
      {
        "date": "2024-03-22",
        "close": 392.687164,
        "volume": 3247,
        "typical_volume": 11962.65,
        "trend": 420.471754,
        "fair_value": 609.412372,
        "relative_strength": -16.401819,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -33.101876,
        "energy": 17.900746,
        "activity_lines": [
          394.230314,
          391.266385,
          392.017436,
          403.533705
        ]
      },
      {
        "date": "2024-03-29",
        "close": 389.239349,
        "volume": 1245,
        "typical_volume": 11704.5,
        "trend": 417.994698,
        "fair_value": 605.882123,
        "relative_strength": -17.637205,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -38.203682,
        "energy": 23.408708,
        "activity_lines": [
          391.719026,
          391.758006,
          390.956914,
          401.518711
        ]
      },
      {
        "date": "2024-04-05",
        "close": 399.908875,
        "volume": 1934,
        "typical_volume": 11140.4,
        "trend": 415.61418,
        "fair_value": 602.524435,
        "relative_strength": -15.87785,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -22.923893,
        "energy": 13.252434,
        "activity_lines": [
          394.041954,
          393.758451,
          391.186969,
          400.351884
        ]
      },
      {
        "date": "2024-04-12",
        "close": 392.855133,
        "volume": 6722,
        "typical_volume": 11433.4,
        "trend": 413.451985,
        "fair_value": 599.13888,
        "relative_strength": -14.616761,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -22.270605,
        "energy": 13.321444,
        "activity_lines": [
          394.261269,
          394.192595,
          390.950073,
          398.883558
        ]
      },
      {
        "date": "2024-04-19",
        "close": 406.37973,
        "volume": 10766,
        "typical_volume": 11549.05,
        "trend": 411.707726,
        "fair_value": 595.777686,
        "relative_strength": -10.1344,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -6.051697,
        "energy": 6.508505,
        "activity_lines": [
          398.280778,
          396.553898,
          392.244355,
          398.427284
        ]
      },
      {
        "date": "2024-04-26",
        "close": 438.635254,
        "volume": 12191,
        "typical_volume": 11693.8,
        "trend": 411.173469,
        "fair_value": 592.628053,
        "relative_strength": -5.969069,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 38.831808,
        "energy": 43.622744,
        "activity_lines": [
          412.421179,
          404.270256,
          396.690662,
          400.164543
        ]
      },
      {
        "date": "2024-05-03",
        "close": 457.682281,
        "volume": 5142,
        "typical_volume": 11468.8,
        "trend": 410.716758,
        "fair_value": 589.751118,
        "relative_strength": -0.411906,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 47.03123,
        "energy": 65.805993,
        "activity_lines": [
          429.847383,
          414.560046,
          402.797682,
          403.165112
        ]
      },
      {
        "date": "2024-05-10",
        "close": 459.816162,
        "volume": 8436,
        "typical_volume": 11306.35,
        "trend": 410.526169,
        "fair_value": 587.148874,
        "relative_strength": -0.751684,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 55.681203,
        "energy": 78.536166,
        "activity_lines": [
          443.422019,
          424.341862,
          408.879347,
          406.332815
        ]
      },
      {
        "date": "2024-05-17",
        "close": 483.18042,
        "volume": 1159,
        "typical_volume": 11348.45,
        "trend": 411.539228,
        "fair_value": 584.543591,
        "relative_strength": 4.674722,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 62.219837,
        "energy": 86.005004,
        "activity_lines": [
          460.790922,
          437.350038,
          416.890791,
          411.020187
        ]
      },
      {
        "date": "2024-05-24",
        "close": 455.568146,
        "volume": 1740,
        "typical_volume": 10555.15,
        "trend": 411.320154,
        "fair_value": 581.621558,
        "relative_strength": 2.668285,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 67.731951,
        "energy": 87.456635,
        "activity_lines": [
          462.934047,
          443.502431,
          421.88749,
          413.860762
        ]
      },
      {
        "date": "2024-05-31",
        "close": 447.052246,
        "volume": 1841,
        "typical_volume": 10287.5,
        "trend": 411.260469,
        "fair_value": 578.609605,
        "relative_strength": 1.366936,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.341776,
        "energy": 80.861076,
        "activity_lines": [
          458.959312,
          447.040066,
          425.762051,
          416.166058
        ]
      },
      {
        "date": "2024-06-07",
        "close": 483.536072,
        "volume": 10856,
        "typical_volume": 10099.95,
        "trend": 412.482675,
        "fair_value": 575.977386,
        "relative_strength": 14.073278,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.28236,
        "energy": 75.413303,
        "activity_lines": [
          466.584719,
          456.222668,
          432.786097,
          420.829
        ]
      },
      {
        "date": "2024-06-14",
        "close": 476.259125,
        "volume": 1909,
        "typical_volume": 9770.0,
        "trend": 413.593846,
        "fair_value": 573.077029,
        "relative_strength": 13.95479,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.587333,
        "energy": 61.576382,
        "activity_lines": [
          470.060891,
          462.367704,
          438.555163,
          424.94361
        ]
      },
      {
        "date": "2024-06-21",
        "close": 475.201874,
        "volume": 2912,
        "typical_volume": 9389.75,
        "trend": 414.636893,
        "fair_value": 570.242716,
        "relative_strength": 12.352492,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.090628,
        "energy": 59.306605,
        "activity_lines": [
          472.088448,
          466.932325,
          443.785637,
          428.918321
        ]
      },
      {
        "date": "2024-06-28",
        "close": 470.923492,
        "volume": 2912,
        "typical_volume": 8941.5,
        "trend": 416.227854,
        "fair_value": 567.450328,
        "relative_strength": 11.978953,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.441493,
        "energy": 57.031757,
        "activity_lines": [
          473.221781,
          469.221845,
          448.077222,
          432.549715
        ]
      },
      {
        "date": "2024-07-05",
        "close": 474.282959,
        "volume": 2816,
        "typical_volume": 7067.9,
        "trend": 418.489141,
        "fair_value": 564.940719,
        "relative_strength": 12.873222,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.976654,
        "energy": 53.177317,
        "activity_lines": [
          474.451247,
          470.948654,
          452.247942,
          436.295206
        ]
      },
      {
        "date": "2024-07-12",
        "close": 481.614655,
        "volume": 4218,
        "typical_volume": 4432.3,
        "trend": 420.886962,
        "fair_value": 562.3803,
        "relative_strength": 9.135704,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.247295,
        "energy": 53.234179,
        "activity_lines": [
          476.309231,
          473.360359,
          456.714161,
          440.367819
        ]
      },
      {
        "date": "2024-07-19",
        "close": 460.449738,
        "volume": 2748,
        "typical_volume": 4408.75,
        "trend": 422.975791,
        "fair_value": 559.886199,
        "relative_strength": 6.817318,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 47.723271,
        "energy": 38.632177,
        "activity_lines": [
          471.240336,
          471.488764,
          458.816056,
          442.920257
        ]
      },
      {
        "date": "2024-07-26",
        "close": 460.459625,
        "volume": 108,
        "typical_volume": 4281.95,
        "trend": 424.913468,
        "fair_value": 557.742319,
        "relative_strength": 8.627487,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 44.133567,
        "energy": 34.059419,
        "activity_lines": [
          467.228697,
          469.607446,
          460.64829,
          445.338568
        ]
      },
      {
        "date": "2024-08-02",
        "close": 476.634644,
        "volume": 2061,
        "typical_volume": 4248.15,
        "trend": 427.793385,
        "fair_value": 555.667418,
        "relative_strength": 13.740511,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 51.640046,
        "energy": 36.973897,
        "activity_lines": [
          469.591547,
          471.080146,
          463.648505,
          448.675418
        ]
      },
      {
        "date": "2024-08-09",
        "close": 470.923492,
        "volume": 4474,
        "typical_volume": 4309.5,
        "trend": 430.865253,
        "fair_value": 553.499115,
        "relative_strength": 10.634683,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.79962,
        "energy": 29.326935,
        "activity_lines": [
          469.669936,
          471.131428,
          465.725185,
          451.458006
        ]
      },
      {
        "date": "2024-08-16",
        "close": 471.318695,
        "volume": 3391,
        "typical_volume": 4416.8,
        "trend": 434.391564,
        "fair_value": 551.528965,
        "relative_strength": 8.5132,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 44.430045,
        "energy": 32.317567,
        "activity_lines": [
          470.104024,
          470.820542,
          467.46695,
          454.067906
        ]
      },
      {
        "date": "2024-08-23",
        "close": 494.044769,
        "volume": 509,
        "typical_volume": 4345.55,
        "trend": 438.049729,
        "fair_value": 549.562513,
        "relative_strength": 14.749961,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 76.724996,
        "energy": 53.380169,
        "activity_lines": [
          478.799868,
          474.863803,
          470.982249,
          457.916499
        ]
      },
      {
        "date": "2024-08-30",
        "close": 515.782715,
        "volume": 11410,
        "typical_volume": 4579.95,
        "trend": 443.122391,
        "fair_value": 547.650849,
        "relative_strength": 20.810307,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 87.446165,
        "energy": 81.862821,
        "activity_lines": [
          492.502024,
          482.536043,
          476.119562,
          462.931531
        ]
      },
      {
        "date": "2024-09-06",
        "close": 494.252258,
        "volume": 322,
        "typical_volume": 4057.75,
        "trend": 446.985716,
        "fair_value": 545.581607,
        "relative_strength": 19.715291,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.327193,
        "energy": 78.798637,
        "activity_lines": [
          495.339156,
          485.555822,
          478.620986,
          466.230232
        ]
      },
      {
        "date": "2024-09-13",
        "close": 478.245209,
        "volume": 101,
        "typical_volume": 3453.25,
        "trend": 449.937099,
        "fair_value": 543.609791,
        "relative_strength": 13.683604,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.510351,
        "energy": 70.068654,
        "activity_lines": [
          491.666097,
          485.241068,
          479.179489,
          468.246973
        ]
      },
      {
        "date": "2024-09-20",
        "close": 518.747009,
        "volume": 13903,
        "typical_volume": 3891.3,
        "trend": 453.615168,
        "fair_value": 542.040215,
        "relative_strength": 22.591134,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.126168,
        "energy": 75.245153,
        "activity_lines": [
          501.005524,
          492.218237,
          483.406687,
          472.686322
        ]
      },
      {
        "date": "2024-09-27",
        "close": 627.43689,
        "volume": 33581,
        "typical_volume": 5148.55,
        "trend": 461.075617,
        "fair_value": 541.102373,
        "relative_strength": 45.606552,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 95.497433,
        "energy": 93.134169,
        "activity_lines": [
          543.413023,
          518.282068,
          497.694518,
          483.900627
        ]
      },
      {
        "date": "2024-10-04",
        "close": 674.400818,
        "volume": 6212,
        "typical_volume": 5401.2,
        "trend": 470.814477,
        "fair_value": 540.20055,
        "relative_strength": 55.784806,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 96.169724,
        "energy": 97.948177,
        "activity_lines": [
          592.582357,
          549.848666,
          515.65691,
          497.663543
        ]
      },
      {
        "date": "2024-10-11",
        "close": 638.799866,
        "volume": 18095,
        "typical_volume": 6218.95,
        "trend": 478.877289,
        "fair_value": 539.062943,
        "relative_strength": 47.213348,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.186967,
        "energy": 92.338844,
        "activity_lines": [
          619.310167,
          571.052524,
          529.318162,
          508.50131
        ]
      },
      {
        "date": "2024-10-18",
        "close": 635.173584,
        "volume": 4714,
        "typical_volume": 6362.6,
        "trend": 486.96017,
        "fair_value": 537.758217,
        "relative_strength": 43.766093,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.118677,
        "energy": 88.200765,
        "activity_lines": [
          635.192708,
          588.648598,
          541.761522,
          518.584942
        ]
      },
      {
        "date": "2024-10-25",
        "close": 626.448792,
        "volume": 4899,
        "typical_volume": 6064.75,
        "trend": 494.867151,
        "fair_value": 536.536578,
        "relative_strength": 44.308773,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.850922,
        "energy": 83.045805,
        "activity_lines": [
          637.705095,
          601.671982,
          552.478133,
          527.584208
        ]
      },
      {
        "date": "2024-11-01",
        "close": 624.897461,
        "volume": 2169,
        "typical_volume": 6077.75,
        "trend": 502.36677,
        "fair_value": 535.479159,
        "relative_strength": 46.052947,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.338207,
        "energy": 64.614003,
        "activity_lines": [
          632.520252,
          611.592759,
          562.366462,
          535.97326
        ]
      },
      {
        "date": "2024-11-08",
        "close": 627.535706,
        "volume": 24791,
        "typical_volume": 7171.7,
        "trend": 510.189456,
        "fair_value": 534.119162,
        "relative_strength": 42.115434,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.124175,
        "energy": 57.498912,
        "activity_lines": [
          628.384119,
          619.614076,
          571.79825,
          544.048676
        ]
      },
      {
        "date": "2024-11-15",
        "close": 604.720642,
        "volume": 2939,
        "typical_volume": 7173.05,
        "trend": 516.80082,
        "fair_value": 532.7265,
        "relative_strength": 39.555286,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 47.472514,
        "energy": 43.456747,
        "activity_lines": [
          619.767306,
          621.455327,
          578.331776,
          550.147462
        ]
      },
      {
        "date": "2024-11-22",
        "close": 600.709045,
        "volume": 2017,
        "typical_volume": 7133.1,
        "trend": 522.20328,
        "fair_value": 531.233977,
        "relative_strength": 37.650538,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 43.480293,
        "energy": 36.952361,
        "activity_lines": [
          612.085242,
          620.558681,
          583.846116,
          555.560896
        ]
      },
      {
        "date": "2024-11-29",
        "close": 608.416199,
        "volume": 1591,
        "typical_volume": 7001.75,
        "trend": 527.227744,
        "fair_value": 530.029828,
        "relative_strength": 39.789222,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.333216,
        "energy": 32.151263,
        "activity_lines": [
          609.269865,
          618.836721,
          589.492441,
          561.123019
        ]
      },
      {
        "date": "2024-12-06",
        "close": 614.394043,
        "volume": 4113,
        "typical_volume": 7070.0,
        "trend": 532.38034,
        "fair_value": 528.81907,
        "relative_strength": 35.598799,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.496948,
        "energy": 28.265637,
        "activity_lines": [
          609.649276,
          616.571292,
          595.104269,
          566.746652
        ]
      },
      {
        "date": "2024-12-13",
        "close": 617.55603,
        "volume": 5928,
        "typical_volume": 7361.0,
        "trend": 536.859527,
        "fair_value": 527.979403,
        "relative_strength": 34.179756,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.137814,
        "energy": 27.701769,
        "activity_lines": [
          611.78291,
          615.117913,
          600.284169,
          572.241858
        ]
      },
      {
        "date": "2024-12-20",
        "close": 603.531433,
        "volume": 2437,
        "typical_volume": 7379.8,
        "trend": 541.791636,
        "fair_value": 527.07452,
        "relative_strength": 34.987366,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.653726,
        "energy": 25.996249,
        "activity_lines": [
          609.90699,
          612.148149,
          603.380316,
          576.543271
        ]
      },
      {
        "date": "2024-12-27",
        "close": 619.787476,
        "volume": 4159,
        "typical_volume": 7364.05,
        "trend": 547.549477,
        "fair_value": 526.295182,
        "relative_strength": 37.819389,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 54.818983,
        "energy": 34.685063,
        "activity_lines": [
          613.529032,
          612.775273,
          607.420387,
          581.57526
        ]
      },
      {
        "date": "2025-01-03",
        "close": 623.940491,
        "volume": 964,
        "typical_volume": 7242.7,
        "trend": 552.229624,
        "fair_value": 525.570626,
        "relative_strength": 38.000468,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 58.296045,
        "energy": 38.703414,
        "activity_lines": [
          617.263517,
          614.437238,
          611.147107,
          586.503713
        ]
      },
      {
        "date": "2025-01-10",
        "close": 592.298523,
        "volume": 2406,
        "typical_volume": 7337.55,
        "trend": 556.097604,
        "fair_value": 524.505915,
        "relative_strength": 27.946015,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.120928,
        "energy": 24.205952,
        "activity_lines": [
          609.415727,
          610.391724,
          611.133535,
          589.088803
        ]
      },
      {
        "date": "2025-01-17",
        "close": 623.663635,
        "volume": 816,
        "typical_volume": 6807.85,
        "trend": 561.04633,
        "fair_value": 523.547558,
        "relative_strength": 32.187059,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 51.776762,
        "energy": 33.710886,
        "activity_lines": [
          613.496008,
          612.641665,
          613.639242,
          593.447902
        ]
      },
      {
        "date": "2025-01-24",
        "close": 624.731567,
        "volume": 985,
        "typical_volume": 6841.0,
        "trend": 566.173266,
        "fair_value": 522.851749,
        "relative_strength": 27.360167,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 49.728762,
        "energy": 33.126013,
        "activity_lines": [
          617.525093,
          615.156177,
          615.732939,
          597.556627
        ]
      },
      {
        "date": "2025-01-31",
        "close": 656.571289,
        "volume": 128120,
        "typical_volume": 13241.95,
        "trend": 572.249543,
        "fair_value": 522.092975,
        "relative_strength": 32.483086,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.969179,
        "energy": 52.78752,
        "activity_lines": [
          630.754077,
          623.095894,
          620.23766,
          603.388757
        ]
      },
      {
        "date": "2025-02-07",
        "close": 665.361877,
        "volume": 2747,
        "typical_volume": 12684.15,
        "trend": 578.374451,
        "fair_value": 521.510572,
        "relative_strength": 28.635889,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.840162,
        "energy": 79.004564,
        "activity_lines": [
          644.461002,
          631.618223,
          624.730407,
          609.396005
        ]
      },
      {
        "date": "2025-02-14",
        "close": 704.953918,
        "volume": 30779,
        "typical_volume": 12544.05,
        "trend": 586.52459,
        "fair_value": 521.287654,
        "relative_strength": 31.509342,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 92.494234,
        "energy": 94.667174,
        "activity_lines": [
          668.603849,
          646.303728,
          632.29566,
          617.562422
        ]
      },
      {
        "date": "2025-02-21",
        "close": 730.7323,
        "volume": 98223,
        "typical_volume": 17144.6,
        "trend": 595.533679,
        "fair_value": 521.45759,
        "relative_strength": 35.498999,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 94.555534,
        "energy": 97.502551,
        "activity_lines": [
          693.82913,
          664.02967,
          641.946867,
          626.866145
        ]
      },
      {
        "date": "2025-02-28",
        "close": 712.439209,
        "volume": 13239,
        "typical_volume": 16901.8,
        "trend": 603.393831,
        "fair_value": 521.655474,
        "relative_strength": 34.043859,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.593639,
        "energy": 90.824981,
        "activity_lines": [
          705.818803,
          676.371844,
          649.587631,
          634.408438
        ]
      },
      {
        "date": "2025-03-07",
        "close": 739.700806,
        "volume": 67313,
        "typical_volume": 20031.75,
        "trend": 612.353075,
        "fair_value": 522.52689,
        "relative_strength": 36.006454,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.048554,
        "energy": 93.629347,
        "activity_lines": [
          721.048499,
          691.690531,
          659.474073,
          643.202436
        ]
      },
      {
        "date": "2025-03-14",
        "close": 740.818115,
        "volume": 44722,
        "typical_volume": 22022.9,
        "trend": 621.336389,
        "fair_value": 522.963576,
        "relative_strength": 35.349771,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.124038,
        "energy": 90.511887,
        "activity_lines": [
          731.108663,
          705.032122,
          668.969177,
          651.490503
        ]
      },
      {
        "date": "2025-03-21",
        "close": 731.721069,
        "volume": 30750,
        "typical_volume": 23451.95,
        "trend": 629.258933,
        "fair_value": 523.61432,
        "relative_strength": 31.523295,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.67253,
        "energy": 66.97078,
        "activity_lines": [
          733.106063,
          714.594658,
          677.05328,
          658.612095
        ]
      },
      {
        "date": "2025-03-28",
        "close": 724.759827,
        "volume": 58510,
        "typical_volume": 25137.9,
        "trend": 636.224836,
        "fair_value": 524.113233,
        "relative_strength": 27.457176,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.337972,
        "energy": 63.392594,
        "activity_lines": [
          730.998572,
          720.356557,
          683.965724,
          664.773443
        ]
      },
      {
        "date": "2025-04-04",
        "close": 666.261719,
        "volume": 7240,
        "typical_volume": 25352.95,
        "trend": 641.958485,
        "fair_value": 524.265254,
        "relative_strength": 19.780605,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 47.15078,
        "energy": 40.042661,
        "activity_lines": [
          709.789876,
          713.644325,
          684.843947,
          666.711307
        ]
      },
      {
        "date": "2025-04-11",
        "close": 659.537781,
        "volume": 33017,
        "typical_volume": 26902.95,
        "trend": 648.001571,
        "fair_value": 524.515283,
        "relative_strength": 17.242944,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 29.389745,
        "energy": 20.897041,
        "activity_lines": [
          689.418368,
          704.954465,
          684.788743,
          667.845455
        ]
      },
      {
        "date": "2025-04-18",
        "close": 645.694397,
        "volume": 5293,
        "typical_volume": 27088.05,
        "trend": 652.23315,
        "fair_value": 524.892814,
        "relative_strength": 10.537722,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 7.814503,
        "energy": 21.751389,
        "activity_lines": [
          669.776599,
          693.693689,
          683.134984,
          667.696605
        ]
      },
      {
        "date": "2025-04-25",
        "close": 661.52533,
        "volume": 23100,
        "typical_volume": 28037.4,
        "trend": 653.369432,
        "fair_value": 525.134748,
        "relative_strength": 5.109039,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 12.748674,
        "energy": 26.386249,
        "activity_lines": [
          661.75339,
          685.668856,
          682.811417,
          668.2961
        ]
      },
      {
        "date": "2025-05-02",
        "close": 677.346313,
        "volume": 1020,
        "typical_volume": 27792.0,
        "trend": 653.467615,
        "fair_value": 525.778692,
        "relative_strength": 8.597471,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 4.080121,
        "energy": 19.731722,
        "activity_lines": [
          663.683557,
          681.310175,
          683.770177,
          669.842996
        ]
      },
      {
        "date": "2025-05-09",
        "close": 672.886719,
        "volume": 4035,
        "typical_volume": 27871.9,
        "trend": 654.603843,
        "fair_value": 526.341771,
        "relative_strength": 5.756724,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 5.764653,
        "energy": 15.011682,
        "activity_lines": [
          667.288094,
          677.111314,
          684.019497,
          671.095841
        ]
      },
      {
        "date": "2025-05-16",
        "close": 691.990601,
        "volume": 2508,
        "typical_volume": 27789.35,
        "trend": 656.497744,
        "fair_value": 526.98943,
        "relative_strength": 5.427638,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.014621,
        "energy": 9.493611,
        "activity_lines": [
          676.818925,
          677.105022,
          685.757972,
          673.50789
        ]
      },
      {
        "date": "2025-05-23",
        "close": 682.280457,
        "volume": 1174,
        "typical_volume": 27799.85,
        "trend": 658.358799,
        "fair_value": 527.554008,
        "relative_strength": 2.592078,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.608913,
        "energy": 16.232501,
        "activity_lines": [
          680.94952,
          676.200707,
          686.227846,
          675.171291
        ]
      },
      {
        "date": "2025-05-30",
        "close": 671.403503,
        "volume": 2131,
        "typical_volume": 27786.1,
        "trend": 659.909001,
        "fair_value": 527.91817,
        "relative_strength": 1.348993,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 23.11339,
        "energy": 14.623788,
        "activity_lines": [
          679.015393,
          674.383086,
          685.384011,
          676.012885
        ]
      },
      {
        "date": "2025-06-06",
        "close": 686.542236,
        "volume": 1202,
        "typical_volume": 27805.4,
        "trend": 661.875885,
        "fair_value": 528.173216,
        "relative_strength": 2.776566,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 29.936746,
        "energy": 18.064477,
        "activity_lines": [
          681.468966,
          676.414644,
          685.60527,
          677.731158
        ]
      },
      {
        "date": "2025-06-13",
        "close": 697.696045,
        "volume": 25856,
        "typical_volume": 29048.95,
        "trend": 664.975065,
        "fair_value": 528.492815,
        "relative_strength": 5.04736,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 40.753381,
        "energy": 21.45693,
        "activity_lines": [
          687.027413,
          681.169033,
          686.589374,
          680.042136
        ]
      },
      {
        "date": "2025-06-20",
        "close": 673.471252,
        "volume": 7894,
        "typical_volume": 23037.65,
        "trend": 667.400472,
        "fair_value": 528.571306,
        "relative_strength": 3.007156,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 23.509044,
        "energy": 12.146791,
        "activity_lines": [
          682.856974,
          680.947381,
          684.918905,
          680.590277
        ]
      },
      {
        "date": "2025-06-27",
        "close": 686.730896,
        "volume": 891,
        "typical_volume": 22944.85,
        "trend": 670.010962,
        "fair_value": 528.649795,
        "relative_strength": 2.466693,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.967553,
        "energy": 17.273672,
        "activity_lines": [
          684.34104,
          682.883237,
          684.430783,
          681.837401
        ]
      },
      {
        "date": "2025-07-04",
        "close": 685.741394,
        "volume": 299,
        "typical_volume": 21420.85,
        "trend": 672.389207,
        "fair_value": 528.625131,
        "relative_strength": 0.825356,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 42.387961,
        "energy": 20.311868,
        "activity_lines": [
          685.198576,
          683.893066,
          683.746666,
          682.852268
        ]
      },
      {
        "date": "2025-07-11",
        "close": 674.727966,
        "volume": 9625,
        "typical_volume": 16990.95,
        "trend": 674.294938,
        "fair_value": 528.905927,
        "relative_strength": 1.108845,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 11.058414,
        "energy": 6.788996,
        "activity_lines": [
          681.42911,
          682.460162,
          682.105139,
          683.003156
        ]
      },
      {
        "date": "2025-07-18",
        "close": 704.542358,
        "volume": 10552,
        "typical_volume": 16856.6,
        "trend": 677.661969,
        "fair_value": 529.364011,
        "relative_strength": 5.499046,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 51.766916,
        "energy": 29.256228,
        "activity_lines": [
          688.385392,
          686.495662,
          683.569765,
          684.954602
        ]
      },
      {
        "date": "2025-07-25",
        "close": 716.911438,
        "volume": 1197,
        "typical_volume": 13550.8,
        "trend": 680.899434,
        "fair_value": 530.066395,
        "relative_strength": 4.742313,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 61.947576,
        "energy": 56.149893,
        "activity_lines": [
          699.00828,
          692.204529,
          686.250003,
          687.486826
        ]
      },
      {
        "date": "2025-08-01",
        "close": 689.07605,
        "volume": 329,
        "typical_volume": 11331.15,
        "trend": 683.07062,
        "fair_value": 530.631332,
        "relative_strength": 0.9385,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 42.745018,
        "energy": 46.025598,
        "activity_lines": [
          697.456693,
          692.39931,
          686.387773,
          688.01435
        ]
      },
      {
        "date": "2025-08-08",
        "close": 692.66803,
        "volume": 79,
        "typical_volume": 9797.6,
        "trend": 686.41627,
        "fair_value": 531.273414,
        "relative_strength": -1.063723,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 42.249303,
        "energy": 47.093573,
        "activity_lines": [
          696.94609,
          693.123622,
          687.114026,
          688.633537
        ]
      },
      {
        "date": "2025-08-15",
        "close": 712.458557,
        "volume": 2906,
        "typical_volume": 7017.4,
        "trend": 689.376101,
        "fair_value": 532.127232,
        "relative_strength": 0.763463,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.248365,
        "energy": 51.916136,
        "activity_lines": [
          702.570553,
          697.059584,
          689.911059,
          690.313685
        ]
      },
      {
        "date": "2025-08-22",
        "close": 722.353821,
        "volume": 862,
        "typical_volume": 6698.5,
        "trend": 692.630176,
        "fair_value": 532.905551,
        "relative_strength": 0.131611,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "mixed",
        "direction": 44.900368,
        "energy": 42.751049,
        "activity_lines": [
          708.978064,
          702.323479,
          693.709075,
          692.44128
        ]
      },
      {
        "date": "2025-08-29",
        "close": 717.90094,
        "volume": 11284,
        "typical_volume": 5611.85,
        "trend": 694.674497,
        "fair_value": 533.779732,
        "relative_strength": -0.001557,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 37.449895,
        "energy": 48.318223,
        "activity_lines": [
          712.713851,
          706.329436,
          696.815902,
          694.071652
        ]
      },
      {
        "date": "2025-09-05",
        "close": 716.416687,
        "volume": 727,
        "typical_volume": 5383.55,
        "trend": 696.376324,
        "fair_value": 534.770698,
        "relative_strength": -3.459776,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 34.025345,
        "energy": 55.036468,
        "activity_lines": [
          715.88892,
          709.257716,
          699.503452,
          695.474373
        ]
      },
      {
        "date": "2025-09-12",
        "close": 740.956909,
        "volume": 13258,
        "typical_volume": 4891.45,
        "trend": 697.576424,
        "fair_value": 535.914553,
        "relative_strength": -2.710543,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 78.958918,
        "energy": 74.596541,
        "activity_lines": [
          725.421354,
          716.108113,
          704.191393,
          698.35054
        ]
      },
      {
        "date": "2025-09-19",
        "close": 751.82196,
        "volume": 681,
        "typical_volume": 4874.5,
        "trend": 698.279413,
        "fair_value": 537.349081,
        "relative_strength": -0.681728,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.026708,
        "energy": 83.326159,
        "activity_lines": [
          735.356213,
          723.930056,
          709.535855,
          701.850252
        ]
      },
      {
        "date": "2025-09-26",
        "close": 732.249084,
        "volume": 6551,
        "typical_volume": 5000.3,
        "trend": 698.939742,
        "fair_value": 538.759182,
        "relative_strength": -4.965612,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.744976,
        "energy": 74.532884,
        "activity_lines": [
          736.142553,
          726.791585,
          712.661587,
          704.041844
        ]
      },
      {
        "date": "2025-10-03",
        "close": 755.997681,
        "volume": 2208,
        "typical_volume": 4985.3,
        "trend": 699.482971,
        "fair_value": 540.264682,
        "relative_strength": -1.277162,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.791297,
        "energy": 80.14901,
        "activity_lines": [
          744.185408,
          733.467282,
          717.766413,
          707.723001
        ]
      },
      {
        "date": "2025-10-10",
        "close": 719.454529,
        "volume": 29582,
        "typical_volume": 6405.7,
        "trend": 698.770852,
        "fair_value": 541.790931,
        "relative_strength": -3.806603,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.190809,
        "energy": 47.085636,
        "activity_lines": [
          737.50743,
          732.78811,
          719.086143,
          709.011489
        ]
      },
      {
        "date": "2025-10-17",
        "close": 725.322388,
        "volume": 4429,
        "typical_volume": 6520.6,
        "trend": 698.557562,
        "fair_value": 543.44712,
        "relative_strength": -4.833322,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 45.924784,
        "energy": 33.784108,
        "activity_lines": [
          732.582882,
          732.623486,
          720.787698,
          710.724491
        ]
      },
      {
        "date": "2025-10-24",
        "close": 732.249084,
        "volume": 4647,
        "typical_volume": 6692.85,
        "trend": 698.807204,
        "fair_value": 545.481775,
        "relative_strength": -2.965799,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 42.579611,
        "energy": 29.967692,
        "activity_lines": [
          731.009534,
          733.124546,
          722.892181,
          712.898138
        ]
      },
      {
        "date": "2025-10-31",
        "close": 726.311951,
        "volume": 3133,
        "typical_volume": 5556.7,
        "trend": 700.808879,
        "fair_value": 547.510515,
        "relative_strength": -6.129168,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.838273,
        "energy": 20.793409,
        "activity_lines": [
          728.762,
          732.186299,
          724.213571,
          714.672638
        ]
      },
      {
        "date": "2025-11-07",
        "close": 729.280518,
        "volume": 5078,
        "typical_volume": 5415.9,
        "trend": 703.133636,
        "fair_value": 549.049484,
        "relative_strength": -6.561165,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.498969,
        "energy": 19.693086,
        "activity_lines": [
          727.899797,
          731.715826,
          725.681416,
          716.509518
        ]
      },
      {
        "date": "2025-11-14",
        "close": 732.249084,
        "volume": 7933,
        "typical_volume": 5768.0,
        "trend": 706.018793,
        "fair_value": 550.50379,
        "relative_strength": -4.569256,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.311229,
        "energy": 22.39147,
        "activity_lines": [
          729.80826,
          731.57819,
          727.166223,
          718.387934
        ]
      },
      {
        "date": "2025-11-21",
        "close": 708.500488,
        "volume": 3884,
        "typical_volume": 5947.25,
        "trend": 707.584631,
        "fair_value": 551.887956,
        "relative_strength": -6.923647,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 17.412759,
        "energy": 11.37862,
        "activity_lines": [
          722.947554,
          726.834767,
          726.172505,
          718.548043
        ]
      },
      {
        "date": "2025-11-28",
        "close": 714.437622,
        "volume": 773,
        "typical_volume": 5504.65,
        "trend": 708.821008,
        "fair_value": 552.962224,
        "relative_strength": -8.541195,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 8.800859,
        "energy": 10.103535,
        "activity_lines": [
          719.187353,
          723.760939,
          725.635852,
          718.990171
        ]
      },
      {
        "date": "2025-12-05",
        "close": 719.583191,
        "volume": 1988,
        "typical_volume": 5076.45,
        "trend": 710.377557,
        "fair_value": 553.943808,
        "relative_strength": -7.476376,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 12.190028,
        "energy": 12.623364,
        "activity_lines": [
          718.329773,
          722.302384,
          725.40016,
          719.684506
        ]
      },
      {
        "date": "2025-12-12",
        "close": 705.531921,
        "volume": 1234,
        "typical_volume": 5078.3,
        "trend": 710.828935,
        "fair_value": 554.948518,
        "relative_strength": -11.004866,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -3.682917,
        "energy": 16.896621,
        "activity_lines": [
          713.23702,
          718.519341,
          723.754629,
          719.371884
        ]
      },
      {
        "date": "2025-12-19",
        "close": 697.0,
        "volume": 16635,
        "typical_volume": 5893.6,
        "trend": 711.319586,
        "fair_value": 555.965544,
        "relative_strength": -10.878605,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -27.472409,
        "energy": 38.235867,
        "activity_lines": [
          706.883533,
          714.1026,
          721.350722,
          718.479695
        ]
      },
      {
        "date": "2025-12-26",
        "close": 688.450012,
        "volume": 2107,
        "typical_volume": 5995.0,
        "trend": 711.887803,
        "fair_value": 556.901844,
        "relative_strength": -13.928416,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -36.347651,
        "energy": 52.189377,
        "activity_lines": [
          700.029988,
          708.53958,
          718.094797,
          717.004238
        ]
      },
      {
        "date": "2026-01-02",
        "close": 693.02002,
        "volume": 490,
        "typical_volume": 5874.2,
        "trend": 712.103729,
        "fair_value": 557.570329,
        "relative_strength": -11.065324,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -39.489229,
        "energy": 60.025509,
        "activity_lines": [
          696.036479,
          704.477876,
          715.294197,
          715.786962
        ]
      },
      {
        "date": "2026-01-09",
        "close": 706.330017,
        "volume": 1755,
        "typical_volume": 5918.85,
        "trend": 712.391528,
        "fair_value": 558.297583,
        "relative_strength": -11.818824,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -32.923746,
        "energy": 52.191081,
        "activity_lines": [
          697.907475,
          703.549428,
          713.85378,
          715.414464
        ]
      },
      {
        "date": "2026-01-16",
        "close": 694.5,
        "volume": 19537,
        "typical_volume": 6331.5,
        "trend": 713.092487,
        "fair_value": 558.869162,
        "relative_strength": -14.397355,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -35.175524,
        "energy": 42.833567,
        "activity_lines": [
          696.718677,
          700.833376,
          711.362998,
          714.260172
        ]
      },
      {
        "date": "2026-01-23",
        "close": 685.0,
        "volume": 1782,
        "typical_volume": 6384.25,
        "trend": 713.03479,
        "fair_value": 559.306072,
        "relative_strength": -16.591925,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -69.759762,
        "energy": 52.028691,
        "activity_lines": [
          693.098674,
          697.022424,
          708.078888,
          712.447754
        ]
      },
      {
        "date": "2026-01-30",
        "close": 704.48999,
        "volume": 2241,
        "typical_volume": 5833.4,
        "trend": 713.659743,
        "fair_value": 560.094544,
        "relative_strength": -13.129316,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.831124,
        "energy": 34.196035,
        "activity_lines": [
          696.775334,
          697.614181,
          706.800571,
          711.896476
        ]
      },
      {
        "date": "2026-02-06",
        "close": 675.619995,
        "volume": 3826,
        "typical_volume": 5990.65,
        "trend": 713.689478,
        "fair_value": 560.871352,
        "relative_strength": -20.075187,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.357026,
        "energy": 46.835815,
        "activity_lines": [
          689.75933,
          693.029766,
          702.946382,
          709.442299
        ]
      },
      {
        "date": "2026-02-13",
        "close": 659.0,
        "volume": 19298,
        "typical_volume": 6628.0,
        "trend": 712.171399,
        "fair_value": 561.675764,
        "relative_strength": -22.293496,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.261898,
        "energy": 70.783512,
        "activity_lines": [
          678.36333,
          686.129309,
          697.872203,
          705.913946
        ]
      },
      {
        "date": "2026-02-20",
        "close": 663.299988,
        "volume": 2914,
        "typical_volume": 6663.3,
        "trend": 710.384351,
        "fair_value": 562.67779,
        "relative_strength": -21.189274,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.500612,
        "energy": 73.794951,
        "activity_lines": [
          671.555994,
          681.11218,
          693.556352,
          702.760951
        ]
      },
      {
        "date": "2026-02-27",
        "close": 644.0,
        "volume": 8807,
        "typical_volume": 5624.55,
        "trend": 708.881816,
        "fair_value": 563.434091,
        "relative_strength": -22.870756,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -83.566873,
        "energy": 87.470553,
        "activity_lines": [
          660.395329,
          673.353816,
          687.843824,
          698.47809
        ]
      },
      {
        "date": "2026-03-06",
        "close": 625.799988,
        "volume": 11887,
        "typical_volume": 5997.45,
        "trend": 706.652881,
        "fair_value": 564.310152,
        "relative_strength": -19.874366,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -86.911551,
        "energy": 93.429856,
        "activity_lines": [
          645.901327,
          663.249996,
          680.75727,
          693.117972
        ]
      },
      {
        "date": "2026-03-13",
        "close": 652.0,
        "volume": 2260,
        "typical_volume": 5878.1,
        "trend": 704.637596,
        "fair_value": 565.200991,
        "relative_strength": -13.805418,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.509472,
        "energy": 81.380652,
        "activity_lines": [
          645.386662,
          659.048905,
          676.63987,
          689.59198
        ]
      },
      {
        "date": "2026-03-20",
        "close": 641.0,
        "volume": 5303,
        "typical_volume": 5986.6,
        "trend": 701.925802,
        "fair_value": 565.94059,
        "relative_strength": -12.69127,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.661346,
        "energy": 79.606242,
        "activity_lines": [
          642.779997,
          653.593632,
          671.85699,
          685.486329
        ]
      },
      {
        "date": "2026-03-27",
        "close": 627.5,
        "volume": 1675,
        "typical_volume": 5816.45,
        "trend": 698.912437,
        "fair_value": 566.543079,
        "relative_strength": -17.212492,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.567181,
        "energy": 73.5296,
        "activity_lines": [
          636.873332,
          646.871633,
          666.194643,
          680.684664
        ]
      },
      {
        "date": "2026-04-03",
        "close": 635.0,
        "volume": 556,
        "typical_volume": 5447.6,
        "trend": 696.198547,
        "fair_value": 567.282779,
        "relative_strength": -19.324358,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.31774,
        "energy": 56.806679,
        "activity_lines": [
          635.853333,
          642.731452,
          661.731251,
          676.561281
        ]
      },
      {
        "date": "2026-04-10",
        "close": 628.799988,
        "volume": 8142,
        "typical_volume": 5660.5,
        "trend": 692.459983,
        "fair_value": 567.993418,
        "relative_strength": -19.957035,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.080547,
        "energy": 59.544438,
        "activity_lines": [
          633.366663,
          638.373087,
          657.140473,
          672.212987
        ]
      },
      {
        "date": "2026-04-17",
        "close": 640.178833,
        "volume": 4121,
        "typical_volume": 5827.9,
        "trend": 688.738546,
        "fair_value": 568.865816,
        "relative_strength": -17.854225,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.922628,
        "energy": 55.113371,
        "activity_lines": [
          634.472941,
          637.459785,
          654.01292,
          668.840009
        ]
      },
      {
        "date": "2026-04-24",
        "close": 636.119446,
        "volume": 3866,
        "typical_volume": 5921.8,
        "trend": 685.534224,
        "fair_value": 569.728691,
        "relative_strength": -17.320622,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.762886,
        "energy": 49.059916,
        "activity_lines": [
          635.014168,
          636.452797,
          650.852373,
          665.445229
        ]
      },
      {
        "date": "2026-05-01",
        "close": 634.144348,
        "volume": 2627,
        "typical_volume": 5991.45,
        "trend": 681.472447,
        "fair_value": 570.565757,
        "relative_strength": -15.502188,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.195611,
        "energy": 47.014913,
        "activity_lines": [
          635.2224,
          635.50271,
          647.901167,
          662.129753
        ]
      },
      {
        "date": "2026-05-08",
        "close": 640.168884,
        "volume": 2345,
        "typical_volume": 5276.95,
        "trend": 678.829592,
        "fair_value": 571.557316,
        "relative_strength": -16.742683,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.412078,
        "energy": 38.35876,
        "activity_lines": [
          636.995854,
          636.178096,
          645.863667,
          659.465007
        ]
      },
      {
        "date": "2026-05-15",
        "close": 626.372986,
        "volume": 15110,
        "typical_volume": 5927.1,
        "trend": 675.531278,
        "fair_value": 572.459175,
        "relative_strength": -15.885446,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.757638,
        "energy": 45.841566,
        "activity_lines": [
          633.826082,
          634.414794,
          642.782897,
          656.08071
        ]
      },
      {
        "date": "2026-05-22",
        "close": 609.004028,
        "volume": 3113,
        "typical_volume": 6058.25,
        "trend": 671.42311,
        "fair_value": 573.36032,
        "relative_strength": -18.247789,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -78.091822,
        "energy": 56.118546,
        "activity_lines": [
          625.028459,
          629.483081,
          638.343545,
          651.788629
        ]
      },
      {
        "date": "2026-05-29",
        "close": 602.175598,
        "volume": 4287,
        "typical_volume": 6184.85,
        "trend": 667.285232,
        "fair_value": 574.188363,
        "relative_strength": -19.060331,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -81.210564,
        "energy": 79.548433,
        "activity_lines": [
          616.033012,
          624.09158,
          633.653942,
          647.321048
        ]
      },
      {
        "date": "2026-06-05",
        "close": 605.679138,
        "volume": 123,
        "typical_volume": 5214.15,
        "trend": 663.165186,
        "fair_value": 575.038355,
        "relative_strength": -15.177216,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.983568,
        "energy": 85.412215,
        "activity_lines": [
          610.468335,
          620.042985,
          629.793983,
          643.346461
        ]
      },
      {
        "date": "2026-06-12",
        "close": 600.468506,
        "volume": 2861,
        "typical_volume": 5268.1,
        "trend": 658.7725,
        "fair_value": 575.713236,
        "relative_strength": -17.665185,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.843495,
        "energy": 90.17145,
        "activity_lines": [
          605.064461,
          615.443745,
          625.860731,
          639.301514
        ]
      },
      {
        "date": "2026-06-19",
        "close": 575.01001,
        "volume": 0,
        "typical_volume": 5156.05,
        "trend": 654.322817,
        "fair_value": 576.487221,
        "relative_strength": -20.369713,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -92.709531,
        "energy": 96.174829,
        "activity_lines": [
          593.821114,
          606.843534,
          619.90539,
          633.897482
        ]
      },
      {
        "date": "2026-06-26",
        "close": 560.0,
        "volume": 5,
        "typical_volume": 4965.0,
        "trend": 649.174896,
        "fair_value": 577.125782,
        "relative_strength": -21.380001,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -94.257181,
        "energy": 97.1842,
        "activity_lines": [
          580.998629,
          596.492229,
          613.137096,
          627.812139
        ]
      },
      {
        "date": "2026-07-03",
        "close": 556.0,
        "volume": 0,
        "typical_volume": 4000.1,
        "trend": 643.722123,
        "fair_value": 577.730482,
        "relative_strength": -21.243371,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -90.633836,
        "energy": 96.4673,
        "activity_lines": [
          570.109745,
          586.871448,
          606.538421,
          621.800856
        ]
      },
      {
        "date": "2026-07-10",
        "close": 581.27002,
        "volume": 12467,
        "typical_volume": 4477.75,
        "trend": 639.58006,
        "fair_value": 578.459228,
        "relative_strength": -16.479764,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.32321,
        "energy": 85.581757,
        "activity_lines": [
          570.722575,
          583.301933,
          602.836891,
          617.771688
        ]
      },
      {
        "date": "2026-07-17",
        "close": 597.5,
        "volume": 3683,
        "typical_volume": 4221.55,
        "trend": 636.263393,
        "fair_value": 579.336276,
        "relative_strength": -13.762705,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.889756,
        "energy": 65.676921,
        "activity_lines": [
          578.372673,
          583.644676,
          601.071692,
          615.056845
        ]
      },
      {
        "date": "2026-07-24",
        "close": 603.0,
        "volume": 12034,
        "typical_volume": 4228.9,
        "trend": 633.415059,
        "fair_value": 580.035353,
        "relative_strength": -12.083296,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.776858,
        "energy": 47.61083,
        "activity_lines": [
          588.054004,
          585.763216,
          600.051731,
          612.91082
        ]
      },
      {
        "date": "2026-07-31",
        "close": 630.599976,
        "volume": 15201,
        "typical_volume": 4875.95,
        "trend": 631.334391,
        "fair_value": 580.850393,
        "relative_strength": -8.361097,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -10.006559,
        "energy": 24.587882,
        "activity_lines": [
          605.069328,
          593.324897,
          601.768911,
          612.729201
        ]
      },
      {
        "date": "2026-08-07",
        "close": 620.0,
        "volume": 6855,
        "typical_volume": 4953.55,
        "trend": 628.456724,
        "fair_value": 581.832404,
        "relative_strength": -9.45215,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -9.566488,
        "energy": 29.46426,
        "activity_lines": [
          613.844662,
          598.566656,
          602.578474,
          611.99795
        ]
      }
    ],
    "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."
    }
  }
}