{
  "ticker": {
    "uuid": "9c0f6859-3bb7-408c-bd7d-964f21e39a4e",
    "symbol": "ICICIGI",
    "name": "ICICI Lombard General Insurance Company Limited",
    "exchange": "NSI",
    "country": "IN",
    "assetType": "equity"
  },
  "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": "^NSEI",
    "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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -63.036,
    "architecture_energy": 69.741,
    "architecture_maturity": 10.806,
    "architecture_confidence": 82.738,
    "architecture_tenure": "New",
    "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": 21.29,
        "rotation_up": 11.62,
        "upward_expansion": 17.49,
        "deceleration": 34.32,
        "rotation_down": 74.88,
        "downward_expansion": 90.82
      },
      "activity_lines": [
        1649.266667,
        1699.056359,
        1739.216635,
        1761.220051
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 1639.0,
    "trend_reference": 1791.41543,
    "distance_from_trend": -0.085081,
    "trend_direction": "Weakening",
    "fair_value": 1766.650289,
    "distance_from_fair_value": -0.072256,
    "fair_value_direction": "Weakening",
    "relative_strength": -10.799923,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.119575,
    "excess_performance": -0.075865,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.085081,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.042921,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.072256,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.12714,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.107999,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.100733,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.119575,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.594191,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 6610409,
      "relative_activity": 1.727583,
      "balance": 0.594191,
      "dry_up": 2.300211,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.067292,
      "annualized_volatility": 0.306333,
      "from_high_reference": -0.206257,
      "from_low_reference": 0.061116
    },
    "levels": {
      "trend_reference": 1791.41543,
      "fair_value_reference": 1766.650289,
      "structural_low": 1544.599976,
      "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": 24,
        "median_return": 0.007574,
        "positive_rate": 0.541667,
        "directional_follow_through": 0.458333,
        "median_excess_return": -0.015587,
        "regime_survival": 0.791667,
        "best_return": 0.149932,
        "worst_return": -0.137907,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": 0.038122,
        "positive_rate": 0.555556,
        "directional_follow_through": 0.444444,
        "median_excess_return": -0.016059,
        "regime_survival": 0.555556,
        "best_return": 0.231247,
        "worst_return": -0.127717,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.024848,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.024488,
        "regime_survival": 0.5,
        "best_return": 0.122277,
        "worst_return": -0.221439,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.016926,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.079176,
        "regime_survival": 0.333333,
        "best_return": 0.171023,
        "worst_return": -0.126239,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-22",
        "end": "2024-12-06",
        "tenure": "New",
        "return": 0.06117,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-12-13",
        "end": "2025-01-03",
        "tenure": "New",
        "return": -0.073184,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-10",
        "end": "2025-04-18",
        "tenure": "Established",
        "return": -0.044844,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-25",
        "end": "2025-05-23",
        "tenure": "Developing",
        "return": 0.022113,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-30",
        "end": "2025-06-20",
        "tenure": "New",
        "return": 0.054909,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-27",
        "end": "2025-08-01",
        "tenure": "Developing",
        "return": -0.074265,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-08",
        "end": "2025-10-31",
        "tenure": "Established",
        "return": 0.05567,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-11-07",
        "end": "2025-12-19",
        "tenure": "Developing",
        "return": -0.03262,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-26",
        "end": "2026-01-23",
        "tenure": "Developing",
        "return": -0.079128,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-01-30",
        "end": "2026-02-20",
        "tenure": "New",
        "return": 0.067251,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-02-27",
        "end": "2026-03-20",
        "tenure": "New",
        "return": -0.065369,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-27",
        "end": "2026-07-03",
        "tenure": "Established",
        "return": 0.014768,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-10",
        "end": "2026-07-24",
        "tenure": "New",
        "return": -0.090023,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.007376,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 1305.276245,
        "volume": 1184086,
        "typical_volume": 3494474.55,
        "trend": 1161.910616,
        "fair_value": 1285.741227,
        "relative_strength": 5.314036,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.472773,
        "energy": 49.402644,
        "activity_lines": [
          1335.482804,
          1334.849236,
          1269.336026,
          1217.167512
        ]
      },
      {
        "date": "2023-08-25",
        "close": 1303.212158,
        "volume": 1904563,
        "typical_volume": 3509734.2,
        "trend": 1168.438171,
        "fair_value": 1286.171849,
        "relative_strength": 5.462283,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 44.873355,
        "energy": 37.870736,
        "activity_lines": [
          1321.088957,
          1331.67338,
          1278.697886,
          1226.28374
        ]
      },
      {
        "date": "2023-09-01",
        "close": 1318.497192,
        "volume": 2539614,
        "typical_volume": 3549957.15,
        "trend": 1175.418152,
        "fair_value": 1286.661576,
        "relative_strength": 5.836091,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 42.224989,
        "energy": 34.903094,
        "activity_lines": [
          1317.278328,
          1330.006811,
          1288.38236,
          1235.964967
        ]
      },
      {
        "date": "2023-09-08",
        "close": 1326.016724,
        "volume": 3012307,
        "typical_volume": 3411756.4,
        "trend": 1182.030684,
        "fair_value": 1287.150133,
        "relative_strength": 4.369243,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.220817,
        "energy": 30.28896,
        "activity_lines": [
          1318.097412,
          1328.510895,
          1297.573362,
          1245.681004
        ]
      },
      {
        "date": "2023-09-15",
        "close": 1354.375122,
        "volume": 2280077,
        "typical_volume": 3348582.05,
        "trend": 1190.730107,
        "fair_value": 1287.83436,
        "relative_strength": 4.651033,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 51.950117,
        "energy": 37.604328,
        "activity_lines": [
          1329.54231,
          1332.089733,
          1308.088106,
          1256.8
        ]
      },
      {
        "date": "2023-09-22",
        "close": 1320.807007,
        "volume": 2157825,
        "typical_volume": 3362831.3,
        "trend": 1199.233651,
        "fair_value": 1288.463243,
        "relative_strength": 4.720002,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 51.74156,
        "energy": 37.327754,
        "activity_lines": [
          1329.319482,
          1328.846824,
          1313.984883,
          1265.192058
        ]
      },
      {
        "date": "2023-09-29",
        "close": 1287.239014,
        "volume": 3421681,
        "typical_volume": 3431075.35,
        "trend": 1206.94443,
        "fair_value": 1288.684093,
        "relative_strength": 2.248148,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.57246,
        "energy": 27.431076,
        "activity_lines": [
          1316.87194,
          1320.074341,
          1315.390936,
          1270.869824
        ]
      },
      {
        "date": "2023-10-06",
        "close": 1297.16687,
        "volume": 1647006,
        "typical_volume": 3425066.0,
        "trend": 1215.114974,
        "fair_value": 1289.300291,
        "relative_strength": 2.909155,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 25.575693,
        "energy": 18.599168,
        "activity_lines": [
          1308.79856,
          1314.894127,
          1316.823149,
          1276.690626
        ]
      },
      {
        "date": "2023-10-13",
        "close": 1291.564087,
        "volume": 1659105,
        "typical_volume": 3326988.65,
        "trend": 1223.230867,
        "fair_value": 1289.933646,
        "relative_strength": 1.912955,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 20.022705,
        "energy": 14.88634,
        "activity_lines": [
          1300.279606,
          1309.662105,
          1316.561531,
          1281.622827
        ]
      },
      {
        "date": "2023-10-20",
        "close": 1364.499756,
        "volume": 2769871,
        "typical_volume": 2844968.8,
        "trend": 1233.605074,
        "fair_value": 1290.918209,
        "relative_strength": 8.622485,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.644814,
        "energy": 21.253855,
        "activity_lines": [
          1318.369385,
          1318.637438,
          1322.221184,
          1290.736949
        ]
      },
      {
        "date": "2023-10-27",
        "close": 1339.163818,
        "volume": 2502314,
        "typical_volume": 2836582.85,
        "trend": 1243.35981,
        "fair_value": 1291.874896,
        "relative_strength": 9.174079,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.995663,
        "energy": 25.699502,
        "activity_lines": [
          1327.338875,
          1322.691693,
          1324.715088,
          1297.547191
        ]
      },
      {
        "date": "2023-11-03",
        "close": 1344.442017,
        "volume": 1420208,
        "typical_volume": 2713376.5,
        "trend": 1252.665865,
        "fair_value": 1292.714531,
        "relative_strength": 8.32656,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 53.020728,
        "energy": 33.545738,
        "activity_lines": [
          1336.843978,
          1327.089482,
          1326.998445,
          1304.068623
        ]
      },
      {
        "date": "2023-11-10",
        "close": 1334.13208,
        "volume": 1785662,
        "typical_volume": 2666926.65,
        "trend": 1261.65435,
        "fair_value": 1293.260664,
        "relative_strength": 6.154959,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 50.857778,
        "energy": 34.989931,
        "activity_lines": [
          1339.098901,
          1328.863104,
          1327.771001,
          1309.324508
        ]
      },
      {
        "date": "2023-11-17",
        "close": 1426.774048,
        "volume": 4068990,
        "typical_volume": 2664876.2,
        "trend": 1274.652336,
        "fair_value": 1294.03655,
        "relative_strength": 11.380687,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 74.631538,
        "energy": 56.411601,
        "activity_lines": [
          1369.770134,
          1347.196449,
          1336.978772,
          1319.977392
        ]
      },
      {
        "date": "2023-11-24",
        "close": 1419.226563,
        "volume": 2881592,
        "typical_volume": 2665701.55,
        "trend": 1286.761076,
        "fair_value": 1294.177166,
        "relative_strength": 10.099666,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.253847,
        "energy": 62.561,
        "activity_lines": [
          1388.91154,
          1362.325573,
          1344.96664,
          1329.304761
        ]
      },
      {
        "date": "2023-12-01",
        "close": 1438.119995,
        "volume": 3415747,
        "typical_volume": 2706839.8,
        "trend": 1299.727913,
        "fair_value": 1294.445991,
        "relative_strength": 8.763814,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.49412,
        "energy": 68.664666,
        "activity_lines": [
          1410.702303,
          1379.710749,
          1354.2569,
          1339.069853
        ]
      },
      {
        "date": "2023-12-08",
        "close": 1429.980469,
        "volume": 2093262,
        "typical_volume": 2562548.85,
        "trend": 1310.921415,
        "fair_value": 1294.562048,
        "relative_strength": 4.463342,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.729664,
        "energy": 70.570923,
        "activity_lines": [
          1423.182813,
          1393.483048,
          1362.363588,
          1347.473244
        ]
      },
      {
        "date": "2023-12-15",
        "close": 1432.200439,
        "volume": 2702318,
        "typical_volume": 2576899.55,
        "trend": 1323.544157,
        "fair_value": 1294.72381,
        "relative_strength": 2.233885,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.059905,
        "energy": 63.670801,
        "activity_lines": [
          1430.700749,
          1405.063679,
          1370.470057,
          1355.297697
        ]
      },
      {
        "date": "2023-12-22",
        "close": 1403.539551,
        "volume": 1896465,
        "typical_volume": 2498193.85,
        "trend": 1334.451554,
        "fair_value": 1294.562376,
        "relative_strength": 0.735737,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.999813,
        "energy": 44.744683,
        "activity_lines": [
          1422.127165,
          1408.978083,
          1375.457132,
          1360.45869
        ]
      },
      {
        "date": "2023-12-29",
        "close": 1401.072998,
        "volume": 1253602,
        "typical_volume": 2329814.75,
        "trend": 1340.940283,
        "fair_value": 1294.168212,
        "relative_strength": -1.139854,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.763942,
        "energy": 36.639608,
        "activity_lines": [
          1414.280363,
          1410.408106,
          1379.923927,
          1364.756848
        ]
      },
      {
        "date": "2024-01-05",
        "close": 1376.901245,
        "volume": 2227239,
        "typical_volume": 2381972.4,
        "trend": 1347.190828,
        "fair_value": 1293.088679,
        "relative_strength": -2.573508,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 39.964178,
        "energy": 22.862456,
        "activity_lines": [
          1399.586548,
          1406.778296,
          1381.832112,
          1367.07691
        ]
      },
      {
        "date": "2024-01-12",
        "close": 1375.421387,
        "volume": 2904590,
        "typical_volume": 2431973.75,
        "trend": 1351.925785,
        "fair_value": 1292.334758,
        "relative_strength": -3.335729,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 33.80774,
        "energy": 18.65125,
        "activity_lines": [
          1388.480697,
          1402.193286,
          1383.258286,
          1368.898236
        ]
      },
      {
        "date": "2024-01-19",
        "close": 1467.027222,
        "volume": 8943887,
        "typical_volume": 2752187.4,
        "trend": 1359.070435,
        "fair_value": 1292.858622,
        "relative_strength": 4.238459,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.84983,
        "energy": 27.139005,
        "activity_lines": [
          1411.547396,
          1413.700622,
          1393.064972,
          1376.324135
        ]
      },
      {
        "date": "2024-01-26",
        "close": 1462.340942,
        "volume": 2464922,
        "typical_volume": 2724818.15,
        "trend": 1363.76366,
        "fair_value": 1294.114288,
        "relative_strength": 5.045155,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.255783,
        "energy": 35.203654,
        "activity_lines": [
          1430.730216,
          1421.939631,
          1401.718059,
          1382.986748
        ]
      },
      {
        "date": "2024-02-02",
        "close": 1478.96521,
        "volume": 2361535,
        "typical_volume": 2728891.05,
        "trend": 1369.233826,
        "fair_value": 1294.536945,
        "relative_strength": 3.633,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.190349,
        "energy": 55.200674,
        "activity_lines": [
          1451.534367,
          1432.554563,
          1411.305248,
          1390.419107
        ]
      },
      {
        "date": "2024-02-09",
        "close": 1616.44812,
        "volume": 3885413,
        "typical_volume": 2815270.45,
        "trend": 1378.036751,
        "fair_value": 1295.673351,
        "relative_strength": 13.268497,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 87.104223,
        "energy": 82.638378,
        "activity_lines": [
          1512.97334,
          1467.080231,
          1433.392761,
          1406.368416
        ]
      },
      {
        "date": "2024-02-16",
        "close": 1623.354248,
        "volume": 2665361,
        "typical_volume": 2777454.45,
        "trend": 1385.96405,
        "fair_value": 1296.861125,
        "relative_strength": 12.001687,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 85.691772,
        "energy": 90.621382,
        "activity_lines": [
          1560.744564,
          1499.619229,
          1454.730185,
          1422.195351
        ]
      },
      {
        "date": "2024-02-23",
        "close": 1617.286865,
        "volume": 2764377,
        "typical_volume": 2833323.0,
        "trend": 1394.862105,
        "fair_value": 1298.42811,
        "relative_strength": 10.338535,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.425433,
        "energy": 91.018517,
        "activity_lines": [
          1589.964469,
          1527.53918,
          1473.889215,
          1437.119404
        ]
      },
      {
        "date": "2024-03-01",
        "close": 1621.825195,
        "volume": 10955223,
        "typical_volume": 3298128.9,
        "trend": 1404.135881,
        "fair_value": 1299.594973,
        "relative_strength": 9.621686,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.759324,
        "energy": 89.08622,
        "activity_lines": [
          1610.679842,
          1552.919074,
          1491.956085,
          1451.762184
        ]
      },
      {
        "date": "2024-03-08",
        "close": 1643.826416,
        "volume": 3285122,
        "typical_volume": 3323891.45,
        "trend": 1414.023433,
        "fair_value": 1301.053141,
        "relative_strength": 9.939922,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.036295,
        "energy": 87.973927,
        "activity_lines": [
          1628.096671,
          1578.33036,
          1510.545639,
          1467.226089
        ]
      },
      {
        "date": "2024-03-15",
        "close": 1629.224609,
        "volume": 4542127,
        "typical_volume": 3425882.1,
        "trend": 1424.821712,
        "fair_value": 1302.607128,
        "relative_strength": 10.882785,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.216067,
        "energy": 62.202224,
        "activity_lines": [
          1629.655485,
          1596.673073,
          1526.414416,
          1481.110036
        ]
      },
      {
        "date": "2024-03-22",
        "close": 1647.476685,
        "volume": 3070316,
        "typical_volume": 3508387.5,
        "trend": 1436.297196,
        "fair_value": 1304.504597,
        "relative_strength": 11.354558,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.370331,
        "energy": 61.591862,
        "activity_lines": [
          1636.446558,
          1613.746649,
          1542.640245,
          1495.474873
        ]
      },
      {
        "date": "2024-03-29",
        "close": 1661.930542,
        "volume": 2713882,
        "typical_volume": 3554798.5,
        "trend": 1447.744975,
        "fair_value": 1306.26205,
        "relative_strength": 10.723515,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.894464,
        "energy": 59.352477,
        "activity_lines": [
          1646.44742,
          1628.501738,
          1558.79961,
          1510.031863
        ]
      },
      {
        "date": "2024-04-05",
        "close": 1694.784302,
        "volume": 3017474,
        "typical_volume": 3502222.7,
        "trend": 1460.037227,
        "fair_value": 1308.341489,
        "relative_strength": 11.505058,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.966715,
        "energy": 60.108311,
        "activity_lines": [
          1664.423291,
          1645.686541,
          1576.526959,
          1525.969884
        ]
      },
      {
        "date": "2024-04-12",
        "close": 1644.862305,
        "volume": 1464105,
        "typical_volume": 3431348.35,
        "trend": 1469.720133,
        "fair_value": 1310.116074,
        "relative_strength": 7.783754,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.976085,
        "energy": 52.06742,
        "activity_lines": [
          1660.894556,
          1649.568375,
          1588.223593,
          1537.894083
        ]
      },
      {
        "date": "2024-04-19",
        "close": 1667.110229,
        "volume": 7912290,
        "typical_volume": 3656175.5,
        "trend": 1481.263574,
        "fair_value": 1312.255735,
        "relative_strength": 10.56256,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.907546,
        "energy": 50.15599,
        "activity_lines": [
          1664.712736,
          1654.478975,
          1600.964621,
          1550.628928
        ]
      },
      {
        "date": "2024-04-26",
        "close": 1669.971436,
        "volume": 2704571,
        "typical_volume": 3686740.95,
        "trend": 1494.021322,
        "fair_value": 1314.210769,
        "relative_strength": 8.910773,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.274301,
        "energy": 47.759011,
        "activity_lines": [
          1666.958944,
          1658.988665,
          1612.887715,
          1562.803628
        ]
      },
      {
        "date": "2024-05-03",
        "close": 1650.979248,
        "volume": 3097221,
        "typical_volume": 3706486.1,
        "trend": 1505.815068,
        "fair_value": 1315.821598,
        "relative_strength": 6.941454,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.658031,
        "energy": 39.063192,
        "activity_lines": [
          1661.374772,
          1659.197645,
          1621.859215,
          1572.929946
        ]
      },
      {
        "date": "2024-05-10",
        "close": 1639.238525,
        "volume": 3656446,
        "typical_volume": 3794485.15,
        "trend": 1517.404215,
        "fair_value": 1317.213913,
        "relative_strength": 7.766149,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 44.617531,
        "energy": 32.584892,
        "activity_lines": [
          1652.607113,
          1656.659359,
          1628.670747,
          1581.537911
        ]
      },
      {
        "date": "2024-05-17",
        "close": 1647.180786,
        "volume": 1822828,
        "typical_volume": 3822946.45,
        "trend": 1526.826916,
        "fair_value": 1318.321126,
        "relative_strength": 5.851891,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.021737,
        "energy": 28.126517,
        "activity_lines": [
          1650.189925,
          1655.248515,
          1635.116309,
          1589.910593
        ]
      },
      {
        "date": "2024-05-24",
        "close": 1637.660156,
        "volume": 1985844,
        "typical_volume": 3810876.7,
        "trend": 1536.776794,
        "fair_value": 1319.635564,
        "relative_strength": 2.614463,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.890926,
        "energy": 22.957467,
        "activity_lines": [
          1644.444629,
          1652.045659,
          1639.483202,
          1597.061125
        ]
      },
      {
        "date": "2024-05-31",
        "close": 1559.570679,
        "volume": 4544232,
        "typical_volume": 3892858.8,
        "trend": 1543.94775,
        "fair_value": 1320.6756,
        "relative_strength": -0.542736,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 6.241629,
        "energy": 9.859246,
        "activity_lines": [
          1614.632845,
          1634.491342,
          1635.171293,
          1598.531698
        ]
      },
      {
        "date": "2024-06-07",
        "close": 1638.952515,
        "volume": 4663360,
        "typical_volume": 3678832.45,
        "trend": 1554.108431,
        "fair_value": 1321.802161,
        "relative_strength": 0.935722,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.309613,
        "energy": 12.144028,
        "activity_lines": [
          1618.641724,
          1632.968377,
          1637.542658,
          1604.661038
        ]
      },
      {
        "date": "2024-06-14",
        "close": 1713.96106,
        "volume": 6919312,
        "typical_volume": 3901551.95,
        "trend": 1563.681331,
        "fair_value": 1323.296614,
        "relative_strength": 4.548872,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 48.96283,
        "energy": 22.66511,
        "activity_lines": [
          1648.455233,
          1645.501112,
          1646.239002,
          1614.97411
        ]
      },
      {
        "date": "2024-06-21",
        "close": 1739.657104,
        "volume": 9071196,
        "typical_volume": 4237035.0,
        "trend": 1574.362349,
        "fair_value": 1324.862035,
        "relative_strength": 5.754782,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 62.887731,
        "energy": 35.341911,
        "activity_lines": [
          1681.852588,
          1662.357187,
          1656.184397,
          1626.327386
        ]
      },
      {
        "date": "2024-06-28",
        "close": 1772.037231,
        "volume": 4324553,
        "typical_volume": 4258992.0,
        "trend": 1585.492924,
        "fair_value": 1326.608412,
        "relative_strength": 5.294632,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.469049,
        "energy": 62.764798,
        "activity_lines": [
          1719.878231,
          1683.377015,
          1667.972223,
          1639.080604
        ]
      },
      {
        "date": "2024-07-05",
        "close": 1846.79834,
        "volume": 3891080,
        "typical_volume": 4320277.95,
        "trend": 1599.386853,
        "fair_value": 1328.740279,
        "relative_strength": 8.089138,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.609505,
        "energy": 79.289777,
        "activity_lines": [
          1773.865771,
          1716.082009,
          1686.139255,
          1655.939018
        ]
      },
      {
        "date": "2024-07-12",
        "close": 1847.045898,
        "volume": 2689613,
        "typical_volume": 4316539.75,
        "trend": 1613.215035,
        "fair_value": 1331.165501,
        "relative_strength": 7.13336,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.464004,
        "energy": 81.568815,
        "activity_lines": [
          1808.787321,
          1745.616979,
          1703.265844,
          1671.917021
        ]
      },
      {
        "date": "2024-07-19",
        "close": 1862.988403,
        "volume": 2967834,
        "typical_volume": 3917170.3,
        "trend": 1628.529997,
        "fair_value": 1333.919709,
        "relative_strength": 7.761395,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.446197,
        "energy": 84.007856,
        "activity_lines": [
          1835.150146,
          1774.485738,
          1720.816676,
          1688.031432
        ]
      },
      {
        "date": "2024-07-26",
        "close": 1948.047607,
        "volume": 5796257,
        "typical_volume": 4042727.05,
        "trend": 1646.762484,
        "fair_value": 1337.275171,
        "relative_strength": 11.008391,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.674307,
        "energy": 88.922703,
        "activity_lines": [
          1879.930883,
          1814.751627,
          1745.319989,
          1708.645471
        ]
      },
      {
        "date": "2024-08-02",
        "close": 1963.891113,
        "volume": 4435562,
        "typical_volume": 4037398.8,
        "trend": 1666.328813,
        "fair_value": 1340.89259,
        "relative_strength": 12.117895,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.465291,
        "energy": 87.715402,
        "activity_lines": [
          1916.100089,
          1852.427847,
          1769.883535,
          1729.105383
        ]
      },
      {
        "date": "2024-08-09",
        "close": 1946.710938,
        "volume": 3380118,
        "typical_volume": 4052888.9,
        "trend": 1685.371798,
        "fair_value": 1344.374129,
        "relative_strength": 12.412543,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.668405,
        "energy": 81.996901,
        "activity_lines": [
          1933.752311,
          1881.048928,
          1791.217223,
          1747.194552
        ]
      },
      {
        "date": "2024-08-16",
        "close": 2016.768555,
        "volume": 3529540,
        "typical_volume": 4093671.8,
        "trend": 1703.696509,
        "fair_value": 1348.167008,
        "relative_strength": 15.179435,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.088807,
        "energy": 81.577432,
        "activity_lines": [
          1968.096232,
          1915.368843,
          1817.798141,
          1768.574988
        ]
      },
      {
        "date": "2024-08-23",
        "close": 2076.280273,
        "volume": 4455568,
        "typical_volume": 4165576.5,
        "trend": 1724.161153,
        "fair_value": 1351.811166,
        "relative_strength": 16.727749,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.669066,
        "energy": 79.829843,
        "activity_lines": [
          2010.962549,
          1953.639688,
          1848.357136,
          1792.61265
        ]
      },
      {
        "date": "2024-08-30",
        "close": 2120.790283,
        "volume": 6099052,
        "typical_volume": 4397323.85,
        "trend": 1745.555322,
        "fair_value": 1355.293583,
        "relative_strength": 16.772364,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.103643,
        "energy": 81.752843,
        "activity_lines": [
          2054.446077,
          1993.41564,
          1881.338533,
          1818.201626
        ]
      },
      {
        "date": "2024-09-06",
        "close": 2239.566406,
        "volume": 4604456,
        "typical_volume": 4231932.15,
        "trend": 1766.325932,
        "fair_value": 1359.587646,
        "relative_strength": 24.444485,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 91.401666,
        "energy": 94.340077,
        "activity_lines": [
          2126.005469,
          2047.857557,
          1923.365617,
          1850.073309
        ]
      },
      {
        "date": "2024-09-13",
        "close": 2088.608398,
        "volume": 3731439,
        "typical_volume": 4283275.55,
        "trend": 1781.834403,
        "fair_value": 1363.023854,
        "relative_strength": 13.287715,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.585835,
        "energy": 82.000748,
        "activity_lines": [
          2128.867171,
          2066.352033,
          1948.289767,
          1870.865726
        ]
      },
      {
        "date": "2024-09-20",
        "close": 2212.187256,
        "volume": 5159895,
        "typical_volume": 4386409.25,
        "trend": 1801.664416,
        "fair_value": 1367.356477,
        "relative_strength": 17.390729,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.774173,
        "energy": 80.401014,
        "activity_lines": [
          2163.461995,
          2102.918845,
          1982.989822,
          1898.630427
        ]
      },
      {
        "date": "2024-09-27",
        "close": 2216.24707,
        "volume": 3583019,
        "typical_volume": 4382737.9,
        "trend": 1821.478479,
        "fair_value": 1371.743666,
        "relative_strength": 15.283276,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.540144,
        "energy": 69.23103,
        "activity_lines": [
          2186.382178,
          2133.584872,
          2015.404107,
          1925.377695
        ]
      },
      {
        "date": "2024-10-04",
        "close": 2105.788818,
        "volume": 2818093,
        "typical_volume": 4432501.15,
        "trend": 1836.877226,
        "fair_value": 1375.752577,
        "relative_strength": 14.092949,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.29129,
        "energy": 57.431975,
        "activity_lines": [
          2163.151823,
          2137.744695,
          2034.550899,
          1943.720297
        ]
      },
      {
        "date": "2024-10-11",
        "close": 2047.118652,
        "volume": 2587162,
        "typical_volume": 4462567.05,
        "trend": 1850.807027,
        "fair_value": 1379.442174,
        "relative_strength": 10.658807,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.07232,
        "energy": 44.657488,
        "activity_lines": [
          2121.364843,
          2128.369194,
          2045.926208,
          1957.28426
        ]
      },
      {
        "date": "2024-10-18",
        "close": 2001.172607,
        "volume": 2804428,
        "typical_volume": 4375576.85,
        "trend": 1862.596891,
        "fair_value": 1382.959479,
        "relative_strength": 8.354042,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 41.331887,
        "energy": 28.257738,
        "activity_lines": [
          2077.092366,
          2109.126638,
          2050.975901,
          1966.985265
        ]
      },
      {
        "date": "2024-10-25",
        "close": 1910.270996,
        "volume": 4540429,
        "typical_volume": 4369430.3,
        "trend": 1870.874906,
        "fair_value": 1385.986923,
        "relative_strength": 6.073335,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 17.333984,
        "energy": 22.698975,
        "activity_lines": [
          2008.348405,
          2072.366304,
          2045.265432,
          1970.061014
        ]
      },
      {
        "date": "2024-11-01",
        "close": 1902.972168,
        "volume": 3728416,
        "typical_volume": 4209885.5,
        "trend": 1877.814502,
        "fair_value": 1388.674534,
        "relative_strength": 4.903737,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -1.779811,
        "energy": 21.041689,
        "activity_lines": [
          1957.299251,
          2036.21523,
          2037.567843,
          1972.131805
        ]
      },
      {
        "date": "2024-11-08",
        "close": 1896.864868,
        "volume": 2433344,
        "typical_volume": 3877992.9,
        "trend": 1886.214587,
        "fair_value": 1391.437476,
        "relative_strength": 4.976242,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -3.954442,
        "energy": 24.488894,
        "activity_lines": [
          1925.099324,
          2002.104794,
          2028.388554,
          1973.360861
        ]
      },
      {
        "date": "2024-11-15",
        "close": 1850.440186,
        "volume": 1684936,
        "typical_volume": 3746012.05,
        "trend": 1892.325586,
        "fair_value": 1393.889759,
        "relative_strength": 4.914948,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -29.57095,
        "energy": 36.459918,
        "activity_lines": [
          1891.352767,
          1963.624878,
          2014.039258,
          1971.052835
        ]
      },
      {
        "date": "2024-11-22",
        "close": 1824.720215,
        "volume": 2755629,
        "typical_volume": 3689239.5,
        "trend": 1897.483878,
        "fair_value": 1396.542389,
        "relative_strength": 1.715081,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -31.212599,
        "energy": 45.360477,
        "activity_lines": [
          1862.144784,
          1927.543626,
          1996.867093,
          1966.691198
        ]
      },
      {
        "date": "2024-11-29",
        "close": 1848.900879,
        "volume": 3171090,
        "typical_volume": 3713313.35,
        "trend": 1904.081266,
        "fair_value": 1399.376466,
        "relative_strength": 1.958941,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -26.675641,
        "energy": 46.937861,
        "activity_lines": [
          1852.760514,
          1900.656825,
          1982.102983,
          1963.556811
        ]
      },
      {
        "date": "2024-12-06",
        "close": 1936.338501,
        "volume": 3216426,
        "typical_volume": 3725742.95,
        "trend": 1913.984599,
        "fair_value": 1402.830147,
        "relative_strength": 4.141443,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -22.069516,
        "energy": 26.415388,
        "activity_lines": [
          1876.61346,
          1896.27298,
          1975.657432,
          1965.637923
        ]
      },
      {
        "date": "2024-12-13",
        "close": 1969.555786,
        "volume": 1890116,
        "typical_volume": 3530435.9,
        "trend": 1924.730432,
        "fair_value": 1407.001657,
        "relative_strength": 5.198012,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -7.383064,
        "energy": 13.096587,
        "activity_lines": [
          1909.314412,
          1903.017889,
          1972.026146,
          1969.223161
        ]
      },
      {
        "date": "2024-12-20",
        "close": 1888.920654,
        "volume": 2679140,
        "typical_volume": 3442614.8,
        "trend": 1933.105782,
        "fair_value": 1410.770757,
        "relative_strength": 5.556684,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -15.732232,
        "energy": 11.844059,
        "activity_lines": [
          1910.290926,
          1897.578829,
          1960.612904,
          1966.912853
        ]
      },
      {
        "date": "2024-12-27",
        "close": 1819.705322,
        "volume": 2906601,
        "typical_volume": 3418938.95,
        "trend": 1941.776937,
        "fair_value": 1413.717262,
        "relative_strength": 0.420139,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -27.418452,
        "energy": 17.303794,
        "activity_lines": [
          1885.630298,
          1882.43149,
          1942.964727,
          1959.596694
        ]
      },
      {
        "date": "2025-01-03",
        "close": 1825.415283,
        "volume": 4392994,
        "typical_volume": 3462111.65,
        "trend": 1947.992362,
        "fair_value": 1416.418521,
        "relative_strength": -0.385548,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -34.618272,
        "energy": 25.439632,
        "activity_lines": [
          1863.207316,
          1871.621731,
          1926.465145,
          1952.089491
        ]
      },
      {
        "date": "2025-01-10",
        "close": 1864.54126,
        "volume": 3578429,
        "typical_volume": 3418254.7,
        "trend": 1953.011702,
        "fair_value": 1419.563464,
        "relative_strength": 3.800789,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.049615,
        "energy": 45.114509,
        "activity_lines": [
          1855.392033,
          1869.468617,
          1914.603053,
          1946.705548
        ]
      },
      {
        "date": "2025-01-17",
        "close": 1935.196411,
        "volume": 3221046,
        "typical_volume": 3274354.4,
        "trend": 1959.529679,
        "fair_value": 1423.372244,
        "relative_strength": 8.371385,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.813959,
        "energy": 31.555766,
        "activity_lines": [
          1875.914949,
          1880.860638,
          1910.478303,
          1945.556175
        ]
      },
      {
        "date": "2025-01-24",
        "close": 1803.022217,
        "volume": 4287060,
        "typical_volume": 3258484.6,
        "trend": 1960.562512,
        "fair_value": 1426.386327,
        "relative_strength": 1.212306,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.534513,
        "energy": 36.271644,
        "activity_lines": [
          1854.670426,
          1867.52405,
          1894.649316,
          1935.458919
        ]
      },
      {
        "date": "2025-01-31",
        "close": 1845.574219,
        "volume": 2961818,
        "typical_volume": 3220003.55,
        "trend": 1960.521708,
        "fair_value": 1429.72513,
        "relative_strength": 1.492722,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.013274,
        "energy": 28.812761,
        "activity_lines": [
          1853.336467,
          1862.786335,
          1884.951682,
          1928.04032
        ]
      },
      {
        "date": "2025-02-07",
        "close": 1814.24353,
        "volume": 2409746,
        "typical_volume": 3082496.1,
        "trend": 1959.428296,
        "fair_value": 1432.995932,
        "relative_strength": -0.517699,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.690516,
        "energy": 32.211974,
        "activity_lines": [
          1839.834351,
          1851.972967,
          1873.427478,
          1918.603018
        ]
      },
      {
        "date": "2025-02-14",
        "close": 1725.862549,
        "volume": 2982516,
        "typical_volume": 3052470.95,
        "trend": 1954.857434,
        "fair_value": 1436.079096,
        "relative_strength": -2.799932,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.226577,
        "energy": 54.685706,
        "activity_lines": [
          1797.616691,
          1825.720463,
          1855.381008,
          1903.53426
        ]
      },
      {
        "date": "2025-02-21",
        "close": 1721.046265,
        "volume": 2693207,
        "typical_volume": 3046226.65,
        "trend": 1947.290723,
        "fair_value": 1439.195469,
        "relative_strength": -2.569239,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.831645,
        "energy": 63.32792,
        "activity_lines": [
          1763.038851,
          1802.419107,
          1839.211009,
          1888.449668
        ]
      },
      {
        "date": "2025-02-28",
        "close": 1679.189453,
        "volume": 4234428,
        "typical_volume": 3128589.95,
        "trend": 1937.800667,
        "fair_value": 1442.379505,
        "relative_strength": -2.134952,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.732934,
        "energy": 72.228116,
        "activity_lines": [
          1728.785417,
          1776.025777,
          1820.886754,
          1871.152812
        ]
      },
      {
        "date": "2025-03-07",
        "close": 1675.217163,
        "volume": 5737104,
        "typical_volume": 3275223.75,
        "trend": 1928.750875,
        "fair_value": 1445.303516,
        "relative_strength": -4.246996,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.518602,
        "energy": 74.226857,
        "activity_lines": [
          1701.463403,
          1752.723506,
          1803.93623,
          1854.211941
        ]
      },
      {
        "date": "2025-03-14",
        "close": 1667.074341,
        "volume": 3782878,
        "typical_volume": 3237346.2,
        "trend": 1917.094401,
        "fair_value": 1448.091959,
        "relative_strength": -4.062534,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.133135,
        "energy": 71.112523,
        "activity_lines": [
          1682.784253,
          1730.56778,
          1787.762367,
          1837.329584
        ]
      },
      {
        "date": "2025-03-21",
        "close": 1711.215088,
        "volume": 2622567,
        "typical_volume": 3182053.75,
        "trend": 1904.925561,
        "fair_value": 1451.187309,
        "relative_strength": -5.512504,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.327702,
        "energy": 57.05401,
        "activity_lines": [
          1688.629964,
          1719.316571,
          1776.950465,
          1824.047048
        ]
      },
      {
        "date": "2025-03-28",
        "close": 1780.380615,
        "volume": 3136570,
        "typical_volume": 3217215.05,
        "trend": 1893.578573,
        "fair_value": 1454.209309,
        "relative_strength": -2.430133,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.312619,
        "energy": 38.27369,
        "activity_lines": [
          1718.507349,
          1723.42866,
          1773.638885,
          1816.01189
        ]
      },
      {
        "date": "2025-04-04",
        "close": 1816.825562,
        "volume": 1612396,
        "typical_volume": 3213588.05,
        "trend": 1879.487211,
        "fair_value": 1457.268322,
        "relative_strength": 2.137783,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.515687,
        "energy": 21.185927,
        "activity_lines": [
          1756.577425,
          1736.981936,
          1774.352938,
          1811.060083
        ]
      },
      {
        "date": "2025-04-11",
        "close": 1706.597534,
        "volume": 2801871,
        "typical_volume": 3215900.15,
        "trend": 1866.753516,
        "fair_value": 1459.754825,
        "relative_strength": -3.780874,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.203993,
        "energy": 20.383317,
        "activity_lines": [
          1748.729085,
          1730.242782,
          1764.729154,
          1799.90591
        ]
      },
      {
        "date": "2025-04-18",
        "close": 1780.927002,
        "volume": 4016129,
        "typical_volume": 3258152.1,
        "trend": 1852.378174,
        "fair_value": 1462.970713,
        "relative_strength": -3.882675,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -31.04317,
        "energy": 19.081306,
        "activity_lines": [
          1763.56521,
          1739.544926,
          1762.746856,
          1794.368716
        ]
      },
      {
        "date": "2025-04-25",
        "close": 1841.204712,
        "volume": 3361326,
        "typical_volume": 3265397.1,
        "trend": 1839.876762,
        "fair_value": 1466.808182,
        "relative_strength": -1.456707,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -12.584928,
        "energy": 13.334923,
        "activity_lines": [
          1790.903727,
          1760.412409,
          1766.828978,
          1793.647847
        ]
      },
      {
        "date": "2025-05-02",
        "close": 1840.509644,
        "volume": 3224390,
        "typical_volume": 3332110.8,
        "trend": 1831.034123,
        "fair_value": 1470.633729,
        "relative_strength": -2.788913,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -2.404779,
        "energy": 10.308201,
        "activity_lines": [
          1809.34458,
          1779.056386,
          1771.29792,
          1793.688678
        ]
      },
      {
        "date": "2025-05-09",
        "close": 1769.80481,
        "volume": 2622644,
        "typical_volume": 3329286.0,
        "trend": 1821.790328,
        "fair_value": 1474.012259,
        "relative_strength": -5.190384,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -9.503655,
        "energy": 13.697508,
        "activity_lines": [
          1800.208553,
          1782.672876,
          1769.647574,
          1789.7384
        ]
      },
      {
        "date": "2025-05-16",
        "close": 1836.736084,
        "volume": 2968317,
        "typical_volume": 3332371.8,
        "trend": 1816.309111,
        "fair_value": 1477.999024,
        "relative_strength": -5.586099,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 17.060407,
        "energy": 19.383936,
        "activity_lines": [
          1816.517668,
          1796.811137,
          1774.938854,
          1790.702642
        ]
      },
      {
        "date": "2025-05-23",
        "close": 1881.919556,
        "volume": 4209460,
        "typical_volume": 3323195.1,
        "trend": 1815.364063,
        "fair_value": 1482.22192,
        "relative_strength": -2.720396,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 27.243863,
        "energy": 34.096205,
        "activity_lines": [
          1839.212036,
          1816.227868,
          1784.452222,
          1794.935574
        ]
      },
      {
        "date": "2025-05-30",
        "close": 1862.356567,
        "volume": 4148728,
        "typical_volume": 3351710.05,
        "trend": 1814.010209,
        "fair_value": 1486.580104,
        "relative_strength": -3.476826,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 21.825134,
        "energy": 29.641791,
        "activity_lines": [
          1848.652572,
          1828.181414,
          1791.833381,
          1797.967349
        ]
      },
      {
        "date": "2025-06-06",
        "close": 1999.702515,
        "volume": 4819972,
        "typical_volume": 3431656.35,
        "trend": 1817.438131,
        "fair_value": 1492.42378,
        "relative_strength": 2.352993,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 53.094977,
        "energy": 59.775294,
        "activity_lines": [
          1902.464966,
          1862.358925,
          1812.30551,
          1809.947498
        ]
      },
      {
        "date": "2025-06-13",
        "close": 1934.414673,
        "volume": 5006824,
        "typical_volume": 3467644.55,
        "trend": 1820.23728,
        "fair_value": 1497.897786,
        "relative_strength": 0.022274,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 36.112008,
        "energy": 53.552508,
        "activity_lines": [
          1923.901888,
          1880.678247,
          1826.252576,
          1817.494371
        ]
      },
      {
        "date": "2025-06-20",
        "close": 1964.616577,
        "volume": 4123259,
        "typical_volume": 3525716.6,
        "trend": 1824.900492,
        "fair_value": 1503.520908,
        "relative_strength": -0.112398,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 67.654533,
        "energy": 66.229363,
        "activity_lines": [
          1944.432121,
          1902.350841,
          1842.450337,
          1826.809165
        ]
      },
      {
        "date": "2025-06-27",
        "close": 2010.567261,
        "volume": 3695373,
        "typical_volume": 3589997.95,
        "trend": 1830.289372,
        "fair_value": 1509.280553,
        "relative_strength": 0.015544,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.822315,
        "energy": 74.221612,
        "activity_lines": [
          1971.753882,
          1927.68685,
          1862.457484,
          1838.787666
        ]
      },
      {
        "date": "2025-07-04",
        "close": 2028.807983,
        "volume": 3607040,
        "typical_volume": 3621224.15,
        "trend": 1833.371688,
        "fair_value": 1514.345493,
        "relative_strength": 1.530167,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.389029,
        "energy": 71.737376,
        "activity_lines": [
          1996.57937,
          1952.164076,
          1883.266968,
          1851.595318
        ]
      },
      {
        "date": "2025-07-11",
        "close": 2005.683105,
        "volume": 3024203,
        "typical_volume": 3637773.95,
        "trend": 1834.575932,
        "fair_value": 1519.398144,
        "relative_strength": 1.506099,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.700409,
        "energy": 68.675,
        "activity_lines": [
          2002.599804,
          1969.02581,
          1900.431486,
          1862.712184
        ]
      },
      {
        "date": "2025-07-18",
        "close": 1906.605103,
        "volume": 5404250,
        "typical_volume": 3696265.05,
        "trend": 1835.165413,
        "fair_value": 1524.060194,
        "relative_strength": -2.816842,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.25804,
        "energy": 44.176496,
        "activity_lines": [
          1975.195532,
          1964.870208,
          1906.80459,
          1867.359227
        ]
      },
      {
        "date": "2025-07-25",
        "close": 1915.077637,
        "volume": 2363742,
        "typical_volume": 3527596.95,
        "trend": 1838.344491,
        "fair_value": 1528.714309,
        "relative_strength": -1.836493,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 45.570805,
        "energy": 31.338023,
        "activity_lines": [
          1952.469409,
          1959.767789,
          1912.90167,
          1872.514854
        ]
      },
      {
        "date": "2025-08-01",
        "close": 1861.252441,
        "volume": 1813112,
        "typical_volume": 3429108.65,
        "trend": 1839.539063,
        "fair_value": 1533.148667,
        "relative_strength": -3.453354,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 31.291751,
        "energy": 20.172433,
        "activity_lines": [
          1915.10415,
          1943.454579,
          1912.730348,
          1873.992787
        ]
      },
      {
        "date": "2025-08-08",
        "close": 1888.563599,
        "volume": 2325611,
        "typical_volume": 3414260.85,
        "trend": 1840.339807,
        "fair_value": 1537.520669,
        "relative_strength": -1.166778,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 27.668327,
        "energy": 23.897424,
        "activity_lines": [
          1896.796932,
          1932.482799,
          1914.235432,
          1877.15566
        ]
      },
      {
        "date": "2025-08-15",
        "close": 1892.1521,
        "volume": 988178,
        "typical_volume": 3306841.25,
        "trend": 1838.904997,
        "fair_value": 1541.59421,
        "relative_strength": -1.927488,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 24.284763,
        "energy": 21.452197,
        "activity_lines": [
          1889.035506,
          1921.686983,
          1915.237761,
          1880.498388
        ]
      },
      {
        "date": "2025-08-22",
        "close": 1904.511841,
        "volume": 2461103,
        "typical_volume": 3349276.6,
        "trend": 1842.287984,
        "fair_value": 1545.929736,
        "relative_strength": -2.064833,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 13.869222,
        "energy": 15.163381,
        "activity_lines": [
          1892.962728,
          1915.093854,
          1916.884962,
          1884.731088
        ]
      },
      {
        "date": "2025-08-29",
        "close": 1833.64209,
        "volume": 2312002,
        "typical_volume": 3324783.15,
        "trend": 1841.890247,
        "fair_value": 1549.817531,
        "relative_strength": -3.785842,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -0.289485,
        "energy": 10.142597,
        "activity_lines": [
          1873.40625,
          1896.159004,
          1911.36511,
          1884.173288
        ]
      },
      {
        "date": "2025-09-05",
        "close": 1834.439575,
        "volume": 3548159,
        "typical_volume": 3301384.65,
        "trend": 1842.563448,
        "fair_value": 1553.945989,
        "relative_strength": -4.590653,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -1.372537,
        "energy": 12.748428,
        "activity_lines": [
          1859.544637,
          1879.750506,
          1905.316235,
          1883.6926
        ]
      },
      {
        "date": "2025-09-12",
        "close": 1887.467163,
        "volume": 2860917,
        "typical_volume": 3276364.2,
        "trend": 1847.950269,
        "fair_value": 1558.451231,
        "relative_strength": -3.117746,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 6.973775,
        "energy": 13.508889,
        "activity_lines": [
          1865.146411,
          1876.185709,
          1904.062784,
          1886.589614
        ]
      },
      {
        "date": "2025-09-19",
        "close": 1859.956665,
        "volume": 2467032,
        "typical_volume": 3238496.3,
        "trend": 1852.580615,
        "fair_value": 1563.005054,
        "relative_strength": -5.042538,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 3.884734,
        "energy": 18.191824,
        "activity_lines": [
          1861.651115,
          1870.188836,
          1899.968989,
          1887.36422
        ]
      },
      {
        "date": "2025-09-26",
        "close": 1887.865967,
        "volume": 3924722,
        "typical_volume": 3303600.2,
        "trend": 1859.536499,
        "fair_value": 1567.914291,
        "relative_strength": -0.789789,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 7.373058,
        "energy": 9.090034,
        "activity_lines": [
          1869.605282,
          1871.915954,
          1898.440617,
          1889.640694
        ]
      },
      {
        "date": "2025-10-03",
        "close": 1905.408936,
        "volume": 2954861,
        "typical_volume": 3302927.4,
        "trend": 1867.209558,
        "fair_value": 1572.975033,
        "relative_strength": -0.642231,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 24.441783,
        "energy": 13.12235,
        "activity_lines": [
          1884.51683,
          1877.173413,
          1898.020809,
          1892.600206
        ]
      },
      {
        "date": "2025-10-10",
        "close": 1856.76709,
        "volume": 2439012,
        "typical_volume": 3214405.0,
        "trend": 1873.53265,
        "fair_value": 1577.837996,
        "relative_strength": -4.471884,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 15.968541,
        "energy": 8.090795,
        "activity_lines": [
          1878.429973,
          1873.762695,
          1892.64143,
          1891.926499
        ]
      },
      {
        "date": "2025-10-17",
        "close": 1994.519409,
        "volume": 9319678,
        "typical_volume": 3472952.5,
        "trend": 1882.976127,
        "fair_value": 1583.427162,
        "relative_strength": 0.99524,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 50.780002,
        "energy": 27.895505,
        "activity_lines": [
          1916.772054,
          1895.479406,
          1900.501093,
          1899.732096
        ]
      },
      {
        "date": "2025-10-24",
        "close": 1993.900024,
        "volume": 1476748,
        "typical_volume": 3305791.3,
        "trend": 1890.093441,
        "fair_value": 1588.90515,
        "relative_strength": 0.672901,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 60.520799,
        "energy": 42.748696,
        "activity_lines": [
          1947.770858,
          1915.157031,
          1907.672421,
          1906.888477
        ]
      },
      {
        "date": "2025-10-31",
        "close": 1993.699951,
        "volume": 2228615,
        "typical_volume": 3166880.85,
        "trend": 1895.989254,
        "fair_value": 1594.401926,
        "relative_strength": 0.968619,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 61.086326,
        "energy": 56.048239,
        "activity_lines": [
          1969.773413,
          1932.948318,
          1914.852325,
          1913.572768
        ]
      },
      {
        "date": "2025-11-07",
        "close": 2020.199951,
        "volume": 2256666,
        "typical_volume": 3073551.2,
        "trend": 1906.442668,
        "fair_value": 1600.252047,
        "relative_strength": 3.214946,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.661998,
        "energy": 66.411356,
        "activity_lines": [
          1993.553703,
          1953.936184,
          1924.273727,
          1921.586361
        ]
      },
      {
        "date": "2025-11-14",
        "close": 2005.099976,
        "volume": 2144303,
        "typical_volume": 2995997.7,
        "trend": 1913.9151,
        "fair_value": 1605.975266,
        "relative_strength": 0.823221,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.811222,
        "energy": 61.997498,
        "activity_lines": [
          2004.647933,
          1968.786639,
          1931.992354,
          1927.951349
        ]
      },
      {
        "date": "2025-11-21",
        "close": 2004.099976,
        "volume": 3095037,
        "typical_volume": 2970397.55,
        "trend": 1919.344942,
        "fair_value": 1611.55,
        "relative_strength": 0.147856,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.337256,
        "energy": 55.885935,
        "activity_lines": [
          2005.519971,
          1980.352359,
          1939.641777,
          1933.769728
        ]
      },
      {
        "date": "2025-11-28",
        "close": 1970.5,
        "volume": 4856062,
        "typical_volume": 3061990.5,
        "trend": 1923.677954,
        "fair_value": 1616.411939,
        "relative_strength": -2.002949,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.693541,
        "energy": 37.891285,
        "activity_lines": [
          1994.553312,
          1983.688397,
          1944.20886,
          1937.070054
        ]
      },
      {
        "date": "2025-12-05",
        "close": 1974.400024,
        "volume": 2139379,
        "typical_volume": 2898746.95,
        "trend": 1930.497795,
        "fair_value": 1621.240544,
        "relative_strength": -1.671548,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 51.59564,
        "energy": 29.967453,
        "activity_lines": [
          1986.446663,
          1985.723651,
          1949.314912,
          1940.342446
        ]
      },
      {
        "date": "2025-12-12",
        "close": 1937.900024,
        "volume": 2485416,
        "typical_volume": 2904830.65,
        "trend": 1933.869926,
        "fair_value": 1625.907309,
        "relative_strength": -2.847701,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 33.872043,
        "energy": 16.920314,
        "activity_lines": [
          1967.46001,
          1979.549194,
          1950.621941,
          1940.820009
        ]
      },
      {
        "date": "2025-12-19",
        "close": 1954.300049,
        "volume": 2146142,
        "typical_volume": 2921482.15,
        "trend": 1936.282609,
        "fair_value": 1630.759803,
        "relative_strength": -1.602534,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 30.297335,
        "energy": 17.588305,
        "activity_lines": [
          1959.426693,
          1975.765814,
          1953.382199,
          1942.138081
        ]
      },
      {
        "date": "2025-12-26",
        "close": 1950.0,
        "volume": 1220428,
        "typical_volume": 2866223.0,
        "trend": 1939.204057,
        "fair_value": 1635.501935,
        "relative_strength": -2.067342,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 26.775221,
        "energy": 16.658835,
        "activity_lines": [
          1953.346688,
          1969.427279,
          1955.289845,
          1943.023074
        ]
      },
      {
        "date": "2026-01-02",
        "close": 1973.900024,
        "volume": 2504248,
        "typical_volume": 2942026.5,
        "trend": 1938.343974,
        "fair_value": 1640.178362,
        "relative_strength": -1.918387,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 30.184413,
        "energy": 16.544063,
        "activity_lines": [
          1958.840023,
          1968.243648,
          1959.181129,
          1945.261524
        ]
      },
      {
        "date": "2026-01-09",
        "close": 1896.099976,
        "volume": 2380145,
        "typical_volume": 2937978.6,
        "trend": 1937.066817,
        "fair_value": 1644.459881,
        "relative_strength": -3.277328,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 1.103719,
        "energy": 7.15937,
        "activity_lines": [
          1938.17334,
          1953.278189,
          1955.273609,
          1942.536104
        ]
      },
      {
        "date": "2026-01-16",
        "close": 1870.199951,
        "volume": 3655927,
        "typical_volume": 3005174.85,
        "trend": 1933.919596,
        "fair_value": 1649.212977,
        "relative_strength": -4.383809,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -26.75416,
        "energy": 26.34681,
        "activity_lines": [
          1914.093319,
          1935.37818,
          1948.939476,
          1938.222113
        ]
      },
      {
        "date": "2026-01-23",
        "close": 1795.699951,
        "volume": 5056161,
        "typical_volume": 3080574.95,
        "trend": 1926.757353,
        "fair_value": 1653.625249,
        "relative_strength": -5.673832,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -40.583156,
        "energy": 55.449709,
        "activity_lines": [
          1869.693302,
          1906.65999,
          1935.336021,
          1929.304717
        ]
      },
      {
        "date": "2026-01-30",
        "close": 1814.099976,
        "volume": 4585856,
        "typical_volume": 3166821.9,
        "trend": 1919.600419,
        "fair_value": 1658.144494,
        "relative_strength": -5.56699,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.722435,
        "energy": 60.611773,
        "activity_lines": [
          1841.999968,
          1885.094531,
          1923.669423,
          1922.036499
        ]
      },
      {
        "date": "2026-02-06",
        "close": 1861.599976,
        "volume": 3279041,
        "typical_volume": 3207422.35,
        "trend": 1914.797648,
        "fair_value": 1662.849361,
        "relative_strength": -4.391045,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.226685,
        "energy": 59.400351,
        "activity_lines": [
          1839.199968,
          1875.619982,
          1916.876002,
          1918.294535
        ]
      },
      {
        "date": "2026-02-13",
        "close": 1916.099976,
        "volume": 2360686,
        "typical_volume": 3129220.55,
        "trend": 1915.114144,
        "fair_value": 1668.123127,
        "relative_strength": -0.730918,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -30.721696,
        "energy": 41.569729,
        "activity_lines": [
          1862.053304,
          1878.034524,
          1915.265232,
          1918.378556
        ]
      },
      {
        "date": "2026-02-20",
        "close": 1936.099976,
        "volume": 2567025,
        "typical_volume": 3109828.75,
        "trend": 1915.814889,
        "fair_value": 1673.702609,
        "relative_strength": -0.093081,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -5.511631,
        "energy": 8.96821,
        "activity_lines": [
          1890.239974,
          1885.14543,
          1915.424776,
          1919.73248
        ]
      },
      {
        "date": "2026-02-27",
        "close": 1901.5,
        "volume": 3172374,
        "typical_volume": 3146496.85,
        "trend": 1917.156474,
        "fair_value": 1679.123022,
        "relative_strength": -0.339033,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -3.974285,
        "energy": 9.797042,
        "activity_lines": [
          1902.499984,
          1885.99816,
          1912.142936,
          1918.808939
        ]
      },
      {
        "date": "2026-03-06",
        "close": 1880.300049,
        "volume": 2034797,
        "typical_volume": 2782252.8,
        "trend": 1916.881022,
        "fair_value": 1684.432314,
        "relative_strength": 1.417447,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -31.134359,
        "energy": 20.047804,
        "activity_lines": [
          1900.640007,
          1883.956355,
          1906.62904,
          1916.431105
        ]
      },
      {
        "date": "2026-03-13",
        "close": 1837.099976,
        "volume": 2559557,
        "typical_volume": 2836393.25,
        "trend": 1915.045951,
        "fair_value": 1689.490087,
        "relative_strength": 4.518202,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -45.71277,
        "energy": 20.933272,
        "activity_lines": [
          1879.966667,
          1875.327262,
          1897.544753,
          1911.283941
        ]
      },
      {
        "date": "2026-03-20",
        "close": 1777.199951,
        "volume": 3324657,
        "typical_volume": 2891195.35,
        "trend": 1910.802222,
        "fair_value": 1694.130641,
        "relative_strength": 1.178078,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -68.707401,
        "energy": 52.398363,
        "activity_lines": [
          1840.959985,
          1858.294529,
          1883.502368,
          1902.390651
        ]
      },
      {
        "date": "2026-03-27",
        "close": 1747.0,
        "volume": 7589051,
        "typical_volume": 3157814.6,
        "trend": 1907.914152,
        "fair_value": 1698.620886,
        "relative_strength": 0.722196,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.938676,
        "energy": 68.19128,
        "activity_lines": [
          1801.146655,
          1837.932715,
          1867.61475,
          1891.822766
        ]
      },
      {
        "date": "2026-04-03",
        "close": 1682.710815,
        "volume": 4194663,
        "typical_volume": 3260332.6,
        "trend": 1902.856527,
        "fair_value": 1702.578902,
        "relative_strength": -2.40015,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.286183,
        "energy": 79.43367,
        "activity_lines": [
          1752.510262,
          1808.121957,
          1846.905305,
          1877.293518
        ]
      },
      {
        "date": "2026-04-10",
        "close": 1779.244385,
        "volume": 3093809,
        "typical_volume": 3260271.2,
        "trend": 1899.249101,
        "fair_value": 1707.160741,
        "relative_strength": -2.520932,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.471557,
        "energy": 72.609199,
        "activity_lines": [
          1750.637671,
          1797.917105,
          1836.924719,
          1869.318541
        ]
      },
      {
        "date": "2026-04-17",
        "close": 1884.444824,
        "volume": 3335706,
        "typical_volume": 3184253.4,
        "trend": 1900.065373,
        "fair_value": 1712.59414,
        "relative_strength": 1.888338,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.979795,
        "energy": 41.499249,
        "activity_lines": [
          1790.568937,
          1807.473344,
          1838.033964,
          1868.363426
        ]
      },
      {
        "date": "2026-04-24",
        "close": 1765.396851,
        "volume": 2669029,
        "typical_volume": 3210735.9,
        "trend": 1895.983069,
        "fair_value": 1717.141785,
        "relative_strength": -2.661607,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.464437,
        "energy": 36.436213,
        "activity_lines": [
          1787.661222,
          1794.969136,
          1828.215093,
          1859.675135
        ]
      },
      {
        "date": "2026-05-01",
        "close": 1756.530518,
        "volume": 1839010,
        "typical_volume": 3178415.6,
        "trend": 1891.020455,
        "fair_value": 1721.6765,
        "relative_strength": -3.493761,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.565867,
        "energy": 29.79794,
        "activity_lines": [
          1782.584937,
          1783.592924,
          1818.547063,
          1850.678196
        ]
      },
      {
        "date": "2026-05-08",
        "close": 1821.085449,
        "volume": 4390752,
        "typical_volume": 3290646.1,
        "trend": 1889.831067,
        "fair_value": 1726.33618,
        "relative_strength": -0.726642,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -36.359675,
        "energy": 18.490667,
        "activity_lines": [
          1798.391594,
          1787.218872,
          1815.890786,
          1846.16626
        ]
      },
      {
        "date": "2026-05-15",
        "close": 1828.258179,
        "volume": 2484882,
        "typical_volume": 3353868.8,
        "trend": 1884.289026,
        "fair_value": 1731.302462,
        "relative_strength": 1.808635,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -34.946922,
        "energy": 20.139761,
        "activity_lines": [
          1807.364185,
          1793.611035,
          1814.551981,
          1842.193816
        ]
      },
      {
        "date": "2026-05-22",
        "close": 1819.292236,
        "volume": 2094613,
        "typical_volume": 3333387.05,
        "trend": 1878.468766,
        "fair_value": 1736.06512,
        "relative_strength": 0.960562,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.423143,
        "energy": 15.580947,
        "activity_lines": [
          1810.080542,
          1799.319243,
          1812.938999,
          1838.000474
        ]
      },
      {
        "date": "2026-05-29",
        "close": 1792.199951,
        "volume": 3826484,
        "typical_volume": 3405704.0,
        "trend": 1871.7521,
        "fair_value": 1739.820176,
        "relative_strength": 0.159739,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.269109,
        "energy": 16.167706,
        "activity_lines": [
          1808.109643,
          1800.425357,
          1809.482028,
          1832.434744
        ]
      },
      {
        "date": "2026-06-05",
        "close": 1758.0,
        "volume": 756353,
        "typical_volume": 3260725.3,
        "trend": 1863.012101,
        "fair_value": 1743.465145,
        "relative_strength": -0.871333,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.735699,
        "energy": 23.561446,
        "activity_lines": [
          1792.951888,
          1795.040572,
          1803.26268,
          1825.095899
        ]
      },
      {
        "date": "2026-06-12",
        "close": 1695.699951,
        "volume": 702448,
        "typical_volume": 3043039.65,
        "trend": 1852.698767,
        "fair_value": 1746.428781,
        "relative_strength": -5.265819,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.318055,
        "energy": 38.279262,
        "activity_lines": [
          1756.929484,
          1778.128504,
          1791.64428,
          1814.301567
        ]
      },
      {
        "date": "2026-06-19",
        "close": 1870.099976,
        "volume": 1503031,
        "typical_volume": 2888898.4,
        "trend": 1848.2321,
        "fair_value": 1750.386552,
        "relative_strength": 2.788992,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.059941,
        "energy": 18.096962,
        "activity_lines": [
          1787.399455,
          1792.689367,
          1797.111597,
          1815.424226
        ]
      },
      {
        "date": "2026-06-26",
        "close": 1813.599976,
        "volume": 0,
        "typical_volume": 2724946.35,
        "trend": 1843.0021,
        "fair_value": 1753.540756,
        "relative_strength": -0.417652,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -31.418176,
        "energy": 15.849284,
        "activity_lines": [
          1796.246639,
          1795.325582,
          1796.931294,
          1813.189895
        ]
      },
      {
        "date": "2026-07-03",
        "close": 1772.800049,
        "volume": 408344,
        "typical_volume": 2627329.25,
        "trend": 1836.282101,
        "fair_value": 1756.476268,
        "relative_strength": -3.35659,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.810108,
        "energy": 16.60562,
        "activity_lines": [
          1791.873332,
          1791.831716,
          1793.093856,
          1808.66073
        ]
      },
      {
        "date": "2026-07-10",
        "close": 1826.199951,
        "volume": 2433619,
        "typical_volume": 2620658.95,
        "trend": 1832.558765,
        "fair_value": 1759.513701,
        "relative_strength": -0.072982,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -10.99318,
        "energy": 10.06153,
        "activity_lines": [
          1806.593319,
          1797.91232,
          1795.024503,
          1808.010269
        ]
      },
      {
        "date": "2026-07-17",
        "close": 1612.199951,
        "volume": 20341175,
        "typical_volume": 3479099.0,
        "trend": 1821.155428,
        "fair_value": 1760.96668,
        "relative_strength": -12.018062,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -67.551302,
        "energy": 43.248833,
        "activity_lines": [
          1745.433309,
          1763.817117,
          1777.097531,
          1793.793572
        ]
      },
      {
        "date": "2026-07-24",
        "close": 1661.800049,
        "volume": 5386444,
        "typical_volume": 3646681.35,
        "trend": 1811.548763,
        "fair_value": 1762.963185,
        "relative_strength": -6.977609,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -60.160502,
        "energy": 57.902619,
        "activity_lines": [
          1706.373332,
          1742.538031,
          1765.271998,
          1783.512579
        ]
      },
      {
        "date": "2026-07-31",
        "close": 1627.0,
        "volume": 2868010,
        "typical_volume": 3662104.0,
        "trend": 1799.985429,
        "fair_value": 1764.779775,
        "relative_strength": -11.021122,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.614998,
        "energy": 66.822633,
        "activity_lines": [
          1669.6,
          1717.958174,
          1751.17265,
          1771.606208
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1639.0,
        "volume": 6610409,
        "typical_volume": 3826391.6,
        "trend": 1791.41543,
        "fair_value": 1766.650289,
        "relative_strength": -10.799923,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.036415,
        "energy": 69.741233,
        "activity_lines": [
          1649.266667,
          1699.056359,
          1739.216635,
          1761.220051
        ]
      }
    ],
    "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."
    }
  }
}