{
  "ticker": {
    "uuid": "9c9b4657-d7ab-4091-b5c6-3d478a476cb0",
    "symbol": "WTC",
    "name": "WiseTech Global Limited",
    "exchange": "ASX",
    "country": "AU",
    "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": "^AXJO",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -23.311,
    "architecture_energy": 17.053,
    "architecture_maturity": 100.0,
    "architecture_confidence": 80.561,
    "architecture_tenure": "Extended",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 46.78,
        "rotation_up": 29.65,
        "upward_expansion": 16.72,
        "deceleration": 43.96,
        "rotation_down": 25.88,
        "downward_expansion": 62.05
      },
      "activity_lines": [
        36.270667,
        35.304727,
        36.578333,
        38.50595
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 40.98,
    "trend_reference": 42.353035,
    "distance_from_trend": -0.032419,
    "trend_direction": "Weakening",
    "fair_value": 83.94757,
    "distance_from_fair_value": -0.511838,
    "fair_value_direction": "Improving",
    "relative_strength": -34.098707,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.13733,
    "excess_performance": -0.201036,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.032419,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.207321,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.511838,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.005139,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.340987,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.115113,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.13733,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.965034,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 8413824,
      "relative_activity": 1.2114,
      "balance": 0.965034,
      "dry_up": 1.392174,
      "accumulation_observations": 4,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.109613,
      "annualized_volatility": 0.691468,
      "from_high_reference": -0.650959,
      "from_low_reference": 0.371945
    },
    "levels": {
      "trend_reference": 42.353035,
      "fair_value_reference": 83.94757,
      "structural_low": 29.870001,
      "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": 20,
        "median_return": -0.007714,
        "positive_rate": 0.4,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.008876,
        "regime_survival": 0.85,
        "best_return": 0.273767,
        "worst_return": -0.191465,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.030518,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.089893,
        "regime_survival": 0.571429,
        "best_return": 0.557245,
        "worst_return": -0.314056,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.093321,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": 0.06237,
        "regime_survival": 0.25,
        "best_return": 0.542772,
        "worst_return": -0.359896,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.224332,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.265405,
        "regime_survival": 0.333333,
        "best_return": 0.90839,
        "worst_return": -0.438397,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-17",
        "end": "2024-07-05",
        "tenure": "Developing",
        "return": -0.008465,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-07-12",
        "end": "2024-08-23",
        "tenure": "Developing",
        "return": 0.260783,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-08-30",
        "end": "2024-10-25",
        "tenure": "Developing",
        "return": -0.057092,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-01",
        "end": "2024-11-29",
        "tenure": "Developing",
        "return": 0.081013,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-06",
        "end": "2024-12-20",
        "tenure": "New",
        "return": -0.076425,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-12-27",
        "end": "2025-02-21",
        "tenure": "Developing",
        "return": -0.002786,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-02-28",
        "end": "2025-03-07",
        "tenure": "New",
        "return": -0.008827,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-14",
        "end": "2025-05-30",
        "tenure": "Developing",
        "return": 0.260885,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-06",
        "end": "2025-06-13",
        "tenure": "New",
        "return": -0.001232,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-20",
        "end": "2025-08-08",
        "tenure": "Developing",
        "return": 0.073014,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-15",
        "end": "2025-08-29",
        "tenure": "New",
        "return": -0.119616,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-09-05",
        "end": "2025-09-19",
        "tenure": "New",
        "return": 0.030551,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-09-26",
        "end": "2025-10-31",
        "tenure": "Developing",
        "return": -0.265696,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-07",
        "end": "2026-08-07",
        "tenure": "Extended",
        "return": -0.37943,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 83.371193,
        "volume": 4537878,
        "typical_volume": 2725891.0,
        "trend": 70.641662,
        "fair_value": 47.264436,
        "relative_strength": 30.324928,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.687271,
        "energy": 74.163148,
        "activity_lines": [
          84.589628,
          82.420316,
          78.972974,
          75.516308
        ]
      },
      {
        "date": "2023-08-25",
        "close": 71.130577,
        "volume": 10507076,
        "typical_volume": 3149751.35,
        "trend": 71.10921,
        "fair_value": 47.542296,
        "relative_strength": 11.285524,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 27.72499,
        "energy": 27.496177,
        "activity_lines": [
          80.279105,
          80.645278,
          78.549543,
          75.547851
        ]
      },
      {
        "date": "2023-09-01",
        "close": 69.492531,
        "volume": 6417954,
        "typical_volume": 3373707.3,
        "trend": 71.376041,
        "fair_value": 47.813422,
        "relative_strength": 5.998198,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 5.367063,
        "energy": 15.289516,
        "activity_lines": [
          75.978507,
          78.724575,
          77.94576,
          75.443549
        ]
      },
      {
        "date": "2023-09-08",
        "close": 68.234795,
        "volume": 4640101,
        "typical_volume": 3511162.35,
        "trend": 71.850864,
        "fair_value": 48.075029,
        "relative_strength": 5.659323,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -14.322229,
        "energy": 31.983043,
        "activity_lines": [
          72.32554,
          76.697934,
          77.208437,
          75.240888
        ]
      },
      {
        "date": "2023-09-15",
        "close": 68.751656,
        "volume": 5424194,
        "typical_volume": 3677627.0,
        "trend": 72.273494,
        "fair_value": 48.346345,
        "relative_strength": 4.393892,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -29.884691,
        "energy": 43.522612,
        "activity_lines": [
          70.053827,
          74.965205,
          76.516874,
          75.040939
        ]
      },
      {
        "date": "2023-09-22",
        "close": 66.445679,
        "volume": 4157749,
        "typical_volume": 3752850.2,
        "trend": 72.401738,
        "fair_value": 48.608896,
        "relative_strength": 3.594157,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -36.711643,
        "energy": 64.299251,
        "activity_lines": [
          68.137003,
          72.930466,
          75.602414,
          74.664951
        ]
      },
      {
        "date": "2023-09-29",
        "close": 64.656578,
        "volume": 3340266,
        "typical_volume": 3796943.2,
        "trend": 72.476626,
        "fair_value": 48.859788,
        "relative_strength": 0.835642,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -40.652056,
        "energy": 68.871118,
        "activity_lines": [
          66.75218,
          70.788645,
          74.522617,
          74.165263
        ]
      },
      {
        "date": "2023-10-06",
        "close": 62.131927,
        "volume": 3161894,
        "typical_volume": 3850250.1,
        "trend": 72.444714,
        "fair_value": 49.0881,
        "relative_strength": -1.939117,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -53.552572,
        "energy": 74.560542,
        "activity_lines": [
          64.957406,
          68.457125,
          73.229992,
          73.497863
        ]
      },
      {
        "date": "2023-10-13",
        "close": 63.066242,
        "volume": 2610617,
        "typical_volume": 3833408.8,
        "trend": 72.435673,
        "fair_value": 49.316512,
        "relative_strength": -2.003578,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -45.127805,
        "energy": 70.65622,
        "activity_lines": [
          63.964778,
          66.720276,
          72.067072,
          72.892801
        ]
      },
      {
        "date": "2023-10-20",
        "close": 59.637108,
        "volume": 2597528,
        "typical_volume": 3703986.4,
        "trend": 72.324902,
        "fair_value": 49.514077,
        "relative_strength": -5.376217,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -80.010806,
        "energy": 84.593846,
        "activity_lines": [
          62.173675,
          64.78364,
          70.631334,
          72.067087
        ]
      },
      {
        "date": "2023-10-27",
        "close": 58.424484,
        "volume": 2847845,
        "typical_volume": 3713484.6,
        "trend": 72.116792,
        "fair_value": 49.705641,
        "relative_strength": -6.365439,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -79.390903,
        "energy": 88.738407,
        "activity_lines": [
          60.586001,
          63.098668,
          69.15838,
          71.170286
        ]
      },
      {
        "date": "2023-11-03",
        "close": 59.686806,
        "volume": 2294705,
        "typical_volume": 3653483.55,
        "trend": 71.905755,
        "fair_value": 49.889403,
        "relative_strength": -6.458457,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.553523,
        "energy": 82.681024,
        "activity_lines": [
          59.953847,
          62.096786,
          67.88615,
          70.368351
        ]
      },
      {
        "date": "2023-11-10",
        "close": 61.843685,
        "volume": 2274146,
        "typical_volume": 3649145.45,
        "trend": 71.74709,
        "fair_value": 50.083001,
        "relative_strength": -3.227174,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.831118,
        "energy": 68.652354,
        "activity_lines": [
          60.371971,
          61.695132,
          66.913683,
          69.719185
        ]
      },
      {
        "date": "2023-11-17",
        "close": 66.843262,
        "volume": 2294331,
        "typical_volume": 3629511.75,
        "trend": 71.724964,
        "fair_value": 50.317513,
        "relative_strength": 3.226618,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -51.424539,
        "energy": 44.574816,
        "activity_lines": [
          62.475836,
          62.341562,
          66.485936,
          69.402809
        ]
      },
      {
        "date": "2023-11-24",
        "close": 63.662621,
        "volume": 2215678,
        "typical_volume": 3624042.25,
        "trend": 71.578286,
        "fair_value": 50.535942,
        "relative_strength": -1.872693,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -47.374677,
        "energy": 39.403882,
        "activity_lines": [
          63.267687,
          62.434995,
          65.814262,
          68.882658
        ]
      },
      {
        "date": "2023-12-01",
        "close": 65.75985,
        "volume": 2534477,
        "typical_volume": 3669898.55,
        "trend": 71.520046,
        "fair_value": 50.762623,
        "relative_strength": 0.596806,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -39.985265,
        "energy": 29.631174,
        "activity_lines": [
          64.490246,
          63.00227,
          65.397267,
          68.507275
        ]
      },
      {
        "date": "2023-12-08",
        "close": 66.853203,
        "volume": 1949536,
        "typical_volume": 3672009.0,
        "trend": 71.39997,
        "fair_value": 50.998592,
        "relative_strength": 0.136102,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -32.962908,
        "energy": 30.166189,
        "activity_lines": [
          65.588232,
          63.780805,
          65.144817,
          68.206189
        ]
      },
      {
        "date": "2023-12-15",
        "close": 73.035591,
        "volume": 3074254,
        "typical_volume": 3694733.35,
        "trend": 71.478361,
        "fair_value": 51.258107,
        "relative_strength": 5.262758,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": 12.253067,
        "energy": 23.2341,
        "activity_lines": [
          68.269255,
          65.643473,
          65.541245,
          68.311712
        ]
      },
      {
        "date": "2023-12-22",
        "close": 73.512672,
        "volume": 4741367,
        "typical_volume": 3772223.4,
        "trend": 71.450216,
        "fair_value": 51.530749,
        "relative_strength": 4.579269,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 18.408376,
        "energy": 35.132613,
        "activity_lines": [
          70.363177,
          67.394634,
          66.042442,
          68.442958
        ]
      },
      {
        "date": "2023-12-29",
        "close": 74.914146,
        "volume": 887530,
        "typical_volume": 3625456.3,
        "trend": 71.411539,
        "fair_value": 51.816238,
        "relative_strength": 4.736329,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 40.131303,
        "energy": 50.859659,
        "activity_lines": [
          72.47963,
          69.210674,
          66.738336,
          68.666438
        ]
      },
      {
        "date": "2024-01-05",
        "close": 70.332031,
        "volume": 1486049,
        "typical_volume": 3472864.85,
        "trend": 71.244943,
        "fair_value": 52.086793,
        "relative_strength": -0.828482,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 25.251799,
        "energy": 48.713107,
        "activity_lines": [
          72.318609,
          69.915837,
          67.048745,
          68.596792
        ]
      },
      {
        "date": "2024-01-12",
        "close": 72.200661,
        "volume": 1227867,
        "typical_volume": 3008904.4,
        "trend": 71.001649,
        "fair_value": 52.374012,
        "relative_strength": 1.146637,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 24.333078,
        "energy": 54.687567,
        "activity_lines": [
          72.475653,
          70.744251,
          67.599211,
          68.658451
        ]
      },
      {
        "date": "2024-01-19",
        "close": 73.294014,
        "volume": 1267400,
        "typical_volume": 2751376.7,
        "trend": 70.903342,
        "fair_value": 52.6336,
        "relative_strength": 3.215264,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 28.738908,
        "energy": 36.64465,
        "activity_lines": [
          72.640651,
          71.543931,
          68.24871,
          68.806346
        ]
      },
      {
        "date": "2024-01-26",
        "close": 72.767204,
        "volume": 1527584,
        "typical_volume": 2595750.85,
        "trend": 70.687868,
        "fair_value": 52.90197,
        "relative_strength": 0.248089,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 22.509001,
        "energy": 26.382059,
        "activity_lines": [
          72.612818,
          72.03964,
          68.829934,
          68.926595
        ]
      },
      {
        "date": "2024-02-02",
        "close": 73.979836,
        "volume": 2482888,
        "typical_volume": 2448685.55,
        "trend": 70.647167,
        "fair_value": 53.166968,
        "relative_strength": -0.281539,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 36.983417,
        "energy": 33.085404,
        "activity_lines": [
          73.038893,
          72.648119,
          69.505064,
          69.13898
        ]
      },
      {
        "date": "2024-02-09",
        "close": 76.683388,
        "volume": 2207166,
        "typical_volume": 2351156.4,
        "trend": 70.588376,
        "fair_value": 53.450499,
        "relative_strength": 3.528934,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 45.975393,
        "energy": 41.01933,
        "activity_lines": [
          74.428439,
          73.560568,
          70.412779,
          69.528413
        ]
      },
      {
        "date": "2024-02-16",
        "close": 79.526085,
        "volume": 2398931,
        "typical_volume": 2304089.65,
        "trend": 70.590256,
        "fair_value": 53.762069,
        "relative_strength": 6.595288,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 53.892403,
        "energy": 63.988999,
        "activity_lines": [
          76.342127,
          74.791261,
          71.542476,
          70.10504
        ]
      },
      {
        "date": "2024-02-23",
        "close": 87.41806,
        "volume": 3799618,
        "typical_volume": 2335975.85,
        "trend": 70.654336,
        "fair_value": 54.149749,
        "relative_strength": 16.737539,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 93.349335,
        "energy": 92.07578,
        "activity_lines": [
          80.398112,
          77.226442,
          73.352982,
          71.190705
        ]
      },
      {
        "date": "2024-03-01",
        "close": 93.719727,
        "volume": 3760037,
        "typical_volume": 2393446.85,
        "trend": 70.89935,
        "fair_value": 54.579914,
        "relative_strength": 22.654466,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 95.411672,
        "energy": 97.22417,
        "activity_lines": [
          85.613049,
          80.545882,
          75.643238,
          72.678794
        ]
      },
      {
        "date": "2024-03-08",
        "close": 95.845581,
        "volume": 1981582,
        "typical_volume": 2362649.55,
        "trend": 71.240706,
        "fair_value": 55.02518,
        "relative_strength": 23.004288,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 91.736658,
        "energy": 96.664944,
        "activity_lines": [
          90.13977,
          83.884439,
          77.989986,
          74.288229
        ]
      },
      {
        "date": "2024-03-15",
        "close": 93.935638,
        "volume": 2320862,
        "typical_volume": 2336300.4,
        "trend": 71.592855,
        "fair_value": 55.450342,
        "relative_strength": 22.57267,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.708115,
        "energy": 91.612214,
        "activity_lines": [
          92.572127,
          86.495163,
          79.982414,
          75.752418
        ]
      },
      {
        "date": "2024-03-22",
        "close": 95.278564,
        "volume": 1944257,
        "typical_volume": 2318778.0,
        "trend": 72.397788,
        "fair_value": 55.88145,
        "relative_strength": 21.966887,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.620785,
        "energy": 90.712068,
        "activity_lines": [
          94.301975,
          88.920898,
          81.933639,
          77.280528
        ]
      },
      {
        "date": "2024-03-29",
        "close": 93.458153,
        "volume": 1680234,
        "typical_volume": 2289082.4,
        "trend": 73.196642,
        "fair_value": 56.293156,
        "relative_strength": 17.090303,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.098476,
        "energy": 82.392058,
        "activity_lines": [
          94.374855,
          90.596051,
          83.542007,
          78.639261
        ]
      },
      {
        "date": "2024-04-05",
        "close": 90.394287,
        "volume": 1403726,
        "typical_volume": 2244552.15,
        "trend": 73.935291,
        "fair_value": 56.676029,
        "relative_strength": 14.511313,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.592463,
        "energy": 64.709564,
        "activity_lines": [
          93.023773,
          91.347517,
          84.708033,
          79.748787
        ]
      },
      {
        "date": "2024-04-12",
        "close": 89.867043,
        "volume": 2291392,
        "typical_volume": 2248337.85,
        "trend": 74.639138,
        "fair_value": 57.048042,
        "relative_strength": 13.093449,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.93592,
        "energy": 57.3569,
        "activity_lines": [
          91.718639,
          91.682628,
          85.711697,
          80.776642
        ]
      },
      {
        "date": "2024-04-19",
        "close": 87.996895,
        "volume": 1520770,
        "typical_volume": 2197652.5,
        "trend": 75.357511,
        "fair_value": 57.416879,
        "relative_strength": 13.453794,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 47.25615,
        "energy": 42.198386,
        "activity_lines": [
          90.188692,
          91.388854,
          86.412469,
          81.638433
        ]
      },
      {
        "date": "2024-04-26",
        "close": 90.135643,
        "volume": 1434643,
        "typical_volume": 2171907.85,
        "trend": 76.206814,
        "fair_value": 57.795432,
        "relative_strength": 15.518912,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 42.996465,
        "energy": 34.302016,
        "activity_lines": [
          89.767577,
          91.278243,
          87.211041,
          82.59186
        ]
      },
      {
        "date": "2024-05-03",
        "close": 91.786942,
        "volume": 1820977,
        "typical_volume": 2109244.0,
        "trend": 77.195314,
        "fair_value": 58.204855,
        "relative_strength": 16.23453,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 45.016137,
        "energy": 34.146619,
        "activity_lines": [
          90.239756,
          91.274968,
          88.056011,
          83.59703
        ]
      },
      {
        "date": "2024-05-10",
        "close": 96.213654,
        "volume": 1627384,
        "typical_volume": 1953544.85,
        "trend": 78.300228,
        "fair_value": 58.656792,
        "relative_strength": 19.353186,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 71.178936,
        "energy": 47.802335,
        "activity_lines": [
          92.29892,
          91.997114,
          89.23328,
          84.82402
        ]
      },
      {
        "date": "2024-05-17",
        "close": 97.53669,
        "volume": 1659648,
        "typical_volume": 1992150.75,
        "trend": 79.563547,
        "fair_value": 59.114927,
        "relative_strength": 19.370178,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.871797,
        "energy": 55.431047,
        "activity_lines": [
          94.411138,
          92.914469,
          90.428452,
          86.065082
        ]
      },
      {
        "date": "2024-05-24",
        "close": 98.153442,
        "volume": 1782492,
        "typical_volume": 2006972.9,
        "trend": 80.887846,
        "fair_value": 59.567887,
        "relative_strength": 20.960597,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.017529,
        "energy": 71.169122,
        "activity_lines": [
          96.217631,
          93.913213,
          91.574637,
          87.26443
        ]
      },
      {
        "date": "2024-05-31",
        "close": 96.16391,
        "volume": 4275859,
        "typical_volume": 2159372.5,
        "trend": 82.103749,
        "fair_value": 60.003276,
        "relative_strength": 18.508183,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.072352,
        "energy": 74.201865,
        "activity_lines": [
          96.683843,
          94.473536,
          92.398859,
          88.249982
        ]
      },
      {
        "date": "2024-06-07",
        "close": 99.556061,
        "volume": 2104360,
        "typical_volume": 2201220.5,
        "trend": 83.360828,
        "fair_value": 60.446844,
        "relative_strength": 19.760762,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.473323,
        "energy": 76.898888,
        "activity_lines": [
          97.878887,
          95.634517,
          93.432033,
          89.375938
        ]
      },
      {
        "date": "2024-06-14",
        "close": 95.646629,
        "volume": 2801463,
        "typical_volume": 2264914.45,
        "trend": 84.320941,
        "fair_value": 60.855398,
        "relative_strength": 16.777959,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.543989,
        "energy": 52.159523,
        "activity_lines": [
          97.252846,
          95.973821,
          93.967822,
          90.16857
        ]
      },
      {
        "date": "2024-06-21",
        "close": 92.831451,
        "volume": 4897183,
        "typical_volume": 2385629.2,
        "trend": 85.293235,
        "fair_value": 61.251486,
        "relative_strength": 12.061063,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.992242,
        "energy": 39.012581,
        "activity_lines": [
          95.726214,
          95.705777,
          94.12655,
          90.717635
        ]
      },
      {
        "date": "2024-06-28",
        "close": 99.774918,
        "volume": 2439964,
        "typical_volume": 2397269.1,
        "trend": 86.427071,
        "fair_value": 61.688659,
        "relative_strength": 20.482274,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.795451,
        "energy": 44.636533,
        "activity_lines": [
          96.827754,
          96.646284,
          94.856791,
          91.651938
        ]
      },
      {
        "date": "2024-07-05",
        "close": 96.711029,
        "volume": 1931362,
        "typical_volume": 2373890.65,
        "trend": 87.422331,
        "fair_value": 62.114433,
        "relative_strength": 15.612975,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 42.265012,
        "energy": 29.768807,
        "activity_lines": [
          96.799899,
          96.815574,
          95.185272,
          92.315419
        ]
      },
      {
        "date": "2024-07-12",
        "close": 94.791138,
        "volume": 1524041,
        "typical_volume": 2260111.8,
        "trend": 88.147516,
        "fair_value": 62.528027,
        "relative_strength": 11.133955,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.499324,
        "energy": 25.36917,
        "activity_lines": [
          96.095606,
          96.51624,
          95.249075,
          92.790826
        ]
      },
      {
        "date": "2024-07-19",
        "close": 94.005272,
        "volume": 2070473,
        "typical_volume": 2175633.6,
        "trend": 88.830603,
        "fair_value": 62.936964,
        "relative_strength": 9.859794,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.707256,
        "energy": 22.144841,
        "activity_lines": [
          95.447019,
          96.0194,
          95.202922,
          93.168745
        ]
      },
      {
        "date": "2024-07-26",
        "close": 92.901085,
        "volume": 1853357,
        "typical_volume": 2169222.35,
        "trend": 89.430168,
        "fair_value": 63.337301,
        "relative_strength": 9.223542,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 25.920778,
        "energy": 14.399315,
        "activity_lines": [
          94.539794,
          95.361951,
          95.05025,
          93.431357
        ]
      },
      {
        "date": "2024-08-02",
        "close": 91.916275,
        "volume": 1816745,
        "typical_volume": 2144016.5,
        "trend": 90.149642,
        "fair_value": 63.716492,
        "relative_strength": 7.810011,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 6.674553,
        "energy": 11.276722,
        "activity_lines": [
          93.299656,
          94.60973,
          94.817807,
          93.591751
        ]
      },
      {
        "date": "2024-08-09",
        "close": 89.041405,
        "volume": 2773813,
        "typical_volume": 2185494.3,
        "trend": 90.711001,
        "fair_value": 64.06521,
        "relative_strength": 6.701322,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -5.308171,
        "energy": 15.662004,
        "activity_lines": [
          91.625137,
          93.448208,
          94.321184,
          93.520252
        ]
      },
      {
        "date": "2024-08-16",
        "close": 93.259209,
        "volume": 1510614,
        "typical_volume": 2177013.3,
        "trend": 91.376507,
        "fair_value": 64.43583,
        "relative_strength": 9.037085,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 5.578618,
        "energy": 14.079398,
        "activity_lines": [
          91.867862,
          93.183059,
          94.255956,
          93.684652
        ]
      },
      {
        "date": "2024-08-23",
        "close": 119.511047,
        "volume": 4105761,
        "typical_volume": 2312115.05,
        "trend": 92.934635,
        "fair_value": 64.908106,
        "relative_strength": 37.603032,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 74.338502,
        "energy": 55.909802,
        "activity_lines": [
          100.963328,
          97.80546,
          96.691851,
          95.499784
        ]
      },
      {
        "date": "2024-08-30",
        "close": 118.247696,
        "volume": 3571115,
        "typical_volume": 2376101.2,
        "trend": 94.410231,
        "fair_value": 65.354028,
        "relative_strength": 33.800234,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.942065,
        "energy": 79.293834,
        "activity_lines": [
          107.937292,
          101.764263,
          98.868776,
          97.132885
        ]
      },
      {
        "date": "2024-09-06",
        "close": 122.268105,
        "volume": 2539932,
        "typical_volume": 2427059.3,
        "trend": 95.929721,
        "fair_value": 65.827309,
        "relative_strength": 38.310804,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.207136,
        "energy": 89.227061,
        "activity_lines": [
          114.561618,
          105.991935,
          101.293451,
          98.930167
        ]
      },
      {
        "date": "2024-09-13",
        "close": 130.451157,
        "volume": 2946207,
        "typical_volume": 2502637.5,
        "trend": 97.627224,
        "fair_value": 66.328683,
        "relative_strength": 44.31613,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 85.24975,
        "energy": 94.334833,
        "activity_lines": [
          121.890173,
          111.298468,
          104.334268,
          101.157356
        ]
      },
      {
        "date": "2024-09-20",
        "close": 131.128128,
        "volume": 2726881,
        "typical_volume": 2547932.7,
        "trend": 99.084226,
        "fair_value": 66.831796,
        "relative_strength": 41.525378,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.990846,
        "energy": 92.37971,
        "activity_lines": [
          126.683735,
          116.114629,
          107.247579,
          103.318705
        ]
      },
      {
        "date": "2024-09-27",
        "close": 134.542694,
        "volume": 2277353,
        "typical_volume": 2580431.15,
        "trend": 100.444991,
        "fair_value": 67.357748,
        "relative_strength": 43.401136,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.591842,
        "energy": 92.88321,
        "activity_lines": [
          130.090891,
          120.890949,
          110.298749,
          105.606348
        ]
      },
      {
        "date": "2024-10-04",
        "close": 129.943451,
        "volume": 2630849,
        "typical_volume": 2628991.2,
        "trend": 101.581587,
        "fair_value": 67.857074,
        "relative_strength": 37.928695,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.994569,
        "energy": 86.252172,
        "activity_lines": [
          130.962856,
          124.093998,
          112.729376,
          107.509475
        ]
      },
      {
        "date": "2024-10-11",
        "close": 132.073837,
        "volume": 1939072,
        "typical_volume": 2636820.2,
        "trend": 102.85286,
        "fair_value": 68.361617,
        "relative_strength": 37.457879,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.363377,
        "energy": 74.189858,
        "activity_lines": [
          131.765232,
          127.010893,
          115.208579,
          109.476717
        ]
      },
      {
        "date": "2024-10-18",
        "close": 121.929634,
        "volume": 4412272,
        "typical_volume": 2643640.85,
        "trend": 103.741229,
        "fair_value": 68.802086,
        "relative_strength": 24.602518,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.117319,
        "energy": 59.306059,
        "activity_lines": [
          128.532492,
          127.353249,
          116.560141,
          110.707476
        ]
      },
      {
        "date": "2024-10-25",
        "close": 111.496727,
        "volume": 13489428,
        "typical_volume": 3212894.25,
        "trend": 104.342515,
        "fair_value": 69.192742,
        "relative_strength": 14.006879,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 45.824384,
        "energy": 34.333124,
        "activity_lines": [
          122.390219,
          125.200746,
          116.7954,
          111.207831
        ]
      },
      {
        "date": "2024-11-01",
        "close": 117.967514,
        "volume": 6024234,
        "typical_volume": 3374032.8,
        "trend": 105.261623,
        "fair_value": 69.601468,
        "relative_strength": 20.83156,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.703915,
        "energy": 24.914182,
        "activity_lines": [
          119.713634,
          123.893158,
          117.590064,
          112.086863
        ]
      },
      {
        "date": "2024-11-08",
        "close": 126.518913,
        "volume": 2378160,
        "typical_volume": 3248081.65,
        "trend": 106.483352,
        "fair_value": 70.065518,
        "relative_strength": 25.553756,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 42.17556,
        "energy": 27.870526,
        "activity_lines": [
          120.992527,
          124.168434,
          119.092857,
          113.458301
        ]
      },
      {
        "date": "2024-11-15",
        "close": 134.124588,
        "volume": 2088915,
        "typical_volume": 3230529.2,
        "trend": 108.020941,
        "fair_value": 70.561954,
        "relative_strength": 31.860559,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 59.155005,
        "energy": 32.163079,
        "activity_lines": [
          125.034948,
          125.676174,
          121.159583,
          115.241607
        ]
      },
      {
        "date": "2024-11-22",
        "close": 121.192955,
        "volume": 4521313,
        "typical_volume": 3360026.75,
        "trend": 109.056185,
        "fair_value": 71.011277,
        "relative_strength": 16.619885,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 50.997477,
        "energy": 33.114353,
        "activity_lines": [
          124.630108,
          124.617136,
          121.831155,
          116.091414
        ]
      },
      {
        "date": "2024-11-29",
        "close": 127.524384,
        "volume": 6386881,
        "typical_volume": 3603168.75,
        "trend": 110.247433,
        "fair_value": 71.502582,
        "relative_strength": 21.001916,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 56.266447,
        "energy": 38.884513,
        "activity_lines": [
          126.384856,
          124.877598,
          122.98914,
          117.282911
        ]
      },
      {
        "date": "2024-12-06",
        "close": 130.779678,
        "volume": 4799624,
        "typical_volume": 3739626.3,
        "trend": 111.399634,
        "fair_value": 72.004159,
        "relative_strength": 23.133652,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.920646,
        "energy": 41.147874,
        "activity_lines": [
          128.156192,
          125.795454,
          124.301281,
          118.607572
        ]
      },
      {
        "date": "2024-12-13",
        "close": 120.87439,
        "volume": 2692097,
        "typical_volume": 3781563.3,
        "trend": 112.177557,
        "fair_value": 72.407727,
        "relative_strength": 14.689025,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 49.257082,
        "energy": 27.548605,
        "activity_lines": [
          125.771621,
          124.980767,
          124.494944,
          119.218846
        ]
      },
      {
        "date": "2024-12-20",
        "close": 120.784798,
        "volume": 6551309,
        "typical_volume": 4018291.5,
        "trend": 112.931936,
        "fair_value": 72.804504,
        "relative_strength": 16.941569,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 26.651639,
        "energy": 16.591808,
        "activity_lines": [
          123.733487,
          124.314683,
          124.546869,
          119.774152
        ]
      },
      {
        "date": "2024-12-27",
        "close": 121.491615,
        "volume": 913317,
        "typical_volume": 3925266.7,
        "trend": 113.776193,
        "fair_value": 73.211649,
        "relative_strength": 14.024216,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 22.291117,
        "energy": 11.229408,
        "activity_lines": [
          122.820278,
          123.982366,
          124.52864,
          120.326389
        ]
      },
      {
        "date": "2025-01-03",
        "close": 124.020195,
        "volume": 873292,
        "typical_volume": 3893400.6,
        "trend": 114.591664,
        "fair_value": 73.651688,
        "relative_strength": 15.584616,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 20.240479,
        "energy": 13.116716,
        "activity_lines": [
          122.730019,
          124.117755,
          124.596704,
          120.987293
        ]
      },
      {
        "date": "2025-01-10",
        "close": 124.955971,
        "volume": 1684590,
        "typical_volume": 3772342.05,
        "trend": 115.568642,
        "fair_value": 74.12196,
        "relative_strength": 14.920678,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 22.127708,
        "energy": 10.772632,
        "activity_lines": [
          123.185298,
          124.195585,
          124.607408,
          121.655958
        ]
      },
      {
        "date": "2025-01-17",
        "close": 116.543945,
        "volume": 2496577,
        "typical_volume": 3718615.15,
        "trend": 116.359058,
        "fair_value": 74.545352,
        "relative_strength": 6.327075,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 5.165667,
        "energy": 6.132838,
        "activity_lines": [
          121.224815,
          122.616894,
          123.791039,
          121.718881
        ]
      },
      {
        "date": "2025-01-24",
        "close": 119.689743,
        "volume": 2014298,
        "typical_volume": 3692333.45,
        "trend": 117.022886,
        "fair_value": 75.038584,
        "relative_strength": 7.198603,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 9.962048,
        "energy": 9.347311,
        "activity_lines": [
          120.601628,
          121.791528,
          123.282383,
          121.933763
        ]
      },
      {
        "date": "2025-01-31",
        "close": 123.253654,
        "volume": 1665776,
        "typical_volume": 3628311.9,
        "trend": 117.90764,
        "fair_value": 75.551808,
        "relative_strength": 8.037171,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 14.58302,
        "energy": 10.000408,
        "activity_lines": [
          121.239414,
          121.876599,
          123.125425,
          122.335748
        ]
      },
      {
        "date": "2025-02-07",
        "close": 129.316284,
        "volume": 2020785,
        "typical_volume": 3593007.1,
        "trend": 119.058478,
        "fair_value": 76.094568,
        "relative_strength": 12.792176,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 41.554882,
        "energy": 15.390021,
        "activity_lines": [
          123.780608,
          123.026498,
          123.580133,
          123.07179
        ]
      },
      {
        "date": "2025-02-14",
        "close": 123.512482,
        "volume": 2467927,
        "typical_volume": 3602535.8,
        "trend": 120.042052,
        "fair_value": 76.598348,
        "relative_strength": 6.554559,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 30.33632,
        "energy": 15.124363,
        "activity_lines": [
          124.034129,
          123.088581,
          123.490727,
          123.359145
        ]
      },
      {
        "date": "2025-02-21",
        "close": 121.15313,
        "volume": 1477726,
        "typical_volume": 3544879.65,
        "trend": 120.983787,
        "fair_value": 77.098994,
        "relative_strength": 7.307349,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 13.719258,
        "energy": 10.906308,
        "activity_lines": [
          123.597432,
          122.853821,
          123.229145,
          123.430828
        ]
      },
      {
        "date": "2025-02-28",
        "close": 89.097824,
        "volume": 12331587,
        "typical_volume": 4064505.4,
        "trend": 120.889838,
        "fair_value": 77.378107,
        "relative_strength": -19.753327,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "mixed",
        "direction": -55.2049,
        "energy": 59.756363,
        "activity_lines": [
          112.168354,
          116.785756,
          119.956536,
          121.373669
        ]
      },
      {
        "date": "2025-03-07",
        "close": 88.311371,
        "volume": 5332930,
        "typical_volume": 4110538.3,
        "trend": 120.865504,
        "fair_value": 77.643388,
        "relative_strength": -18.090131,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -86.26243,
        "energy": 88.46672,
        "activity_lines": [
          102.516586,
          111.150827,
          116.813674,
          119.271832
        ]
      },
      {
        "date": "2025-03-14",
        "close": 84.703934,
        "volume": 4173259,
        "typical_volume": 3644729.85,
        "trend": 120.580328,
        "fair_value": 77.854745,
        "relative_strength": -19.68118,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -86.205793,
        "energy": 94.574512,
        "activity_lines": [
          93.991825,
          105.463276,
          113.487334,
          116.938827
        ]
      },
      {
        "date": "2025-03-21",
        "close": 84.225487,
        "volume": 4669921,
        "typical_volume": 3577014.2,
        "trend": 119.404143,
        "fair_value": 78.068305,
        "relative_strength": -21.376355,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -79.522886,
        "energy": 92.664108,
        "activity_lines": [
          88.281737,
          100.403577,
          110.243012,
          114.593354
        ]
      },
      {
        "date": "2025-03-28",
        "close": 79.789948,
        "volume": 5020480,
        "typical_volume": 3709130.2,
        "trend": 118.122218,
        "fair_value": 78.254259,
        "relative_strength": -25.796676,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.171951,
        "energy": 92.729469,
        "activity_lines": [
          83.71227,
          95.27797,
          106.736934,
          112.037599
        ]
      },
      {
        "date": "2025-04-04",
        "close": 74.586906,
        "volume": 3679256,
        "typical_volume": 3788647.25,
        "trend": 116.532845,
        "fair_value": 78.424704,
        "relative_strength": -27.596557,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -83.295164,
        "energy": 93.46048,
        "activity_lines": [
          80.166001,
          89.87461,
          102.957847,
          109.22887
        ]
      },
      {
        "date": "2025-04-11",
        "close": 83.876625,
        "volume": 5414041,
        "typical_volume": 3833283.65,
        "trend": 114.98036,
        "fair_value": 78.663906,
        "relative_strength": -18.285342,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.463754,
        "energy": 66.547158,
        "activity_lines": [
          80.6837,
          86.980342,
          100.347008,
          107.122017
        ]
      },
      {
        "date": "2025-04-18",
        "close": 81.733612,
        "volume": 3127837,
        "typical_volume": 3670331.45,
        "trend": 113.333876,
        "fair_value": 78.896611,
        "relative_strength": -21.999462,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.587452,
        "energy": 64.823058,
        "activity_lines": [
          80.782711,
          84.41238,
          97.709769,
          104.977065
        ]
      },
      {
        "date": "2025-04-25",
        "close": 86.298729,
        "volume": 2294990,
        "typical_volume": 3545099.75,
        "trend": 111.725744,
        "fair_value": 79.162326,
        "relative_strength": -19.059944,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.531391,
        "energy": 58.335799,
        "activity_lines": [
          82.601449,
          83.53958,
          95.725355,
          103.232862
        ]
      },
      {
        "date": "2025-05-02",
        "close": 94.691376,
        "volume": 4134131,
        "typical_volume": 3617201.45,
        "trend": 110.550675,
        "fair_value": 79.506607,
        "relative_strength": -14.030739,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -46.920064,
        "energy": 40.349602,
        "activity_lines": [
          87.079519,
          84.869329,
          94.752054,
          102.133871
        ]
      },
      {
        "date": "2025-05-09",
        "close": 95.897446,
        "volume": 3632866,
        "typical_volume": 3471279.3,
        "trend": 109.344795,
        "fair_value": 79.860841,
        "relative_strength": -12.767757,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.24161,
        "energy": 27.901412,
        "activity_lines": [
          90.966185,
          86.899486,
          94.018298,
          101.188501
        ]
      },
      {
        "date": "2025-05-16",
        "close": 101.170258,
        "volume": 3738969,
        "typical_volume": 3612561.9,
        "trend": 108.652816,
        "fair_value": 80.241573,
        "relative_strength": -9.165631,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -28.070752,
        "energy": 27.484689,
        "activity_lines": [
          95.189751,
          89.764707,
          93.905226,
          100.661112
        ]
      },
      {
        "date": "2025-05-23",
        "close": 99.724976,
        "volume": 2429058,
        "typical_volume": 3690350.2,
        "trend": 108.260424,
        "fair_value": 80.616215,
        "relative_strength": -10.547694,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -23.020582,
        "energy": 27.678137,
        "activity_lines": [
          97.778649,
          92.133351,
          93.751277,
          100.085122
        ]
      },
      {
        "date": "2025-05-30",
        "close": 106.80191,
        "volume": 6170521,
        "typical_volume": 3914646.75,
        "trend": 107.888238,
        "fair_value": 81.028157,
        "relative_strength": -5.062082,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 9.655407,
        "energy": 27.726915,
        "activity_lines": [
          101.5271,
          95.515601,
          94.387013,
          99.991024
        ]
      },
      {
        "date": "2025-06-06",
        "close": 105.1772,
        "volume": 2503501,
        "typical_volume": 3914992.95,
        "trend": 107.176847,
        "fair_value": 81.454768,
        "relative_strength": -7.353505,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 6.367518,
        "energy": 28.510375,
        "activity_lines": [
          103.367102,
          98.191969,
          94.954462,
          99.816119
        ]
      },
      {
        "date": "2025-06-13",
        "close": 105.04763,
        "volume": 2072929,
        "typical_volume": 3917924.5,
        "trend": 106.207615,
        "fair_value": 81.90068,
        "relative_strength": -7.798508,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 5.679101,
        "energy": 28.41433,
        "activity_lines": [
          104.464859,
          100.383191,
          95.563699,
          99.67875
        ]
      },
      {
        "date": "2025-06-20",
        "close": 106.891609,
        "volume": 3574082,
        "typical_volume": 4013339.8,
        "trend": 105.730904,
        "fair_value": 82.338217,
        "relative_strength": -5.807504,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "down",
        "direction": 9.840507,
        "energy": 39.430481,
        "activity_lines": [
          105.567264,
          102.355852,
          96.418277,
          99.722878
        ]
      },
      {
        "date": "2025-06-27",
        "close": 108.356834,
        "volume": 2050036,
        "typical_volume": 4014802.35,
        "trend": 105.091985,
        "fair_value": 82.792895,
        "relative_strength": -4.597617,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 28.648969,
        "energy": 43.366563,
        "activity_lines": [
          106.776654,
          104.176463,
          97.490315,
          99.892293
        ]
      },
      {
        "date": "2025-07-04",
        "close": 111.735825,
        "volume": 2508164,
        "typical_volume": 4016814.2,
        "trend": 104.45719,
        "fair_value": 83.242625,
        "relative_strength": -2.725618,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 36.092996,
        "energy": 44.580165,
        "activity_lines": [
          108.536917,
          106.127377,
          98.983968,
          100.320928
        ]
      },
      {
        "date": "2025-07-11",
        "close": 111.795631,
        "volume": 1867296,
        "typical_volume": 4036292.7,
        "trend": 104.154565,
        "fair_value": 83.679021,
        "relative_strength": -2.570976,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 35.53708,
        "energy": 54.101464,
        "activity_lines": [
          109.988187,
          107.626672,
          100.539396,
          100.794376
        ]
      },
      {
        "date": "2025-07-18",
        "close": 114.805817,
        "volume": 1852046,
        "typical_volume": 3512315.65,
        "trend": 103.955266,
        "fair_value": 84.102453,
        "relative_strength": -2.156372,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 48.871789,
        "energy": 65.602525,
        "activity_lines": [
          112.001624,
          109.362288,
          102.426069,
          101.481553
        ]
      },
      {
        "date": "2025-07-25",
        "close": 119.769646,
        "volume": 2516930,
        "typical_volume": 3371515.65,
        "trend": 103.897867,
        "fair_value": 84.552053,
        "relative_strength": 2.828938,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 56.079051,
        "energy": 75.803444,
        "activity_lines": [
          115.019125,
          111.656629,
          104.663068,
          102.501836
        ]
      },
      {
        "date": "2025-08-01",
        "close": 115.962044,
        "volume": 2161939,
        "typical_volume": 3270949.65,
        "trend": 103.629262,
        "fair_value": 84.955908,
        "relative_strength": -0.641936,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 40.79462,
        "energy": 72.571174,
        "activity_lines": [
          115.908889,
          112.920508,
          106.387637,
          103.28017
        ]
      },
      {
        "date": "2025-08-08",
        "close": 114.696175,
        "volume": 2918168,
        "typical_volume": 3183362.0,
        "trend": 103.287268,
        "fair_value": 85.355522,
        "relative_strength": -3.562402,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 66.171598,
        "energy": 80.463603,
        "activity_lines": [
          115.869684,
          113.65901,
          107.842799,
          103.994164
        ]
      },
      {
        "date": "2025-08-15",
        "close": 115.244392,
        "volume": 2324563,
        "typical_volume": 3048566.15,
        "trend": 103.24395,
        "fair_value": 85.749125,
        "relative_strength": -4.688931,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.263972,
        "energy": 76.135674,
        "activity_lines": [
          115.81586,
          114.353656,
          109.205073,
          104.765592
        ]
      },
      {
        "date": "2025-08-22",
        "close": 112.224228,
        "volume": 2270426,
        "typical_volume": 2978124.65,
        "trend": 102.995099,
        "fair_value": 86.093076,
        "relative_strength": -7.170753,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.264023,
        "energy": 48.993077,
        "activity_lines": [
          114.525398,
          114.316141,
          110.110882,
          105.344964
        ]
      },
      {
        "date": "2025-08-29",
        "close": 101.45932,
        "volume": 7622732,
        "typical_volume": 3088559.2,
        "trend": 102.268622,
        "fair_value": 86.381103,
        "relative_strength": -15.731128,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 22.498301,
        "energy": 19.430551,
        "activity_lines": [
          109.818739,
          112.190886,
          109.812237,
          105.245882
        ]
      },
      {
        "date": "2025-09-05",
        "close": 93.25605,
        "volume": 6394017,
        "typical_volume": 3251868.2,
        "trend": 101.066614,
        "fair_value": 86.594537,
        "relative_strength": -21.118277,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -8.515707,
        "energy": 24.980066,
        "activity_lines": [
          103.598345,
          108.672897,
          108.6486,
          104.664426
        ]
      },
      {
        "date": "2025-09-12",
        "close": 94.737915,
        "volume": 4185158,
        "typical_volume": 3346376.6,
        "trend": 100.107462,
        "fair_value": 86.847604,
        "relative_strength": -19.175912,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -37.970391,
        "energy": 45.645377,
        "activity_lines": [
          99.385639,
          105.698897,
          107.571225,
          104.256123
        ]
      },
      {
        "date": "2025-09-19",
        "close": 96.105141,
        "volume": 6431654,
        "typical_volume": 3461252.75,
        "trend": 99.272529,
        "fair_value": 87.124629,
        "relative_strength": -16.546175,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -30.661771,
        "energy": 47.232588,
        "activity_lines": [
          96.959226,
          103.282537,
          106.583875,
          103.997908
        ]
      },
      {
        "date": "2025-09-26",
        "close": 93.939529,
        "volume": 3295162,
        "typical_volume": 3444367.55,
        "trend": 99.433919,
        "fair_value": 87.396227,
        "relative_strength": -17.87347,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -34.325598,
        "energy": 65.663387,
        "activity_lines": [
          95.086892,
          100.757711,
          105.383545,
          103.653844
        ]
      },
      {
        "date": "2025-10-03",
        "close": 90.077362,
        "volume": 4993257,
        "typical_volume": 3507081.95,
        "trend": 99.492785,
        "fair_value": 87.618274,
        "relative_strength": -22.320219,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -42.918713,
        "energy": 71.490309,
        "activity_lines": [
          93.146149,
          97.91006,
          103.824712,
          103.050195
        ]
      },
      {
        "date": "2025-10-10",
        "close": 85.456726,
        "volume": 4256904,
        "typical_volume": 3598474.25,
        "trend": 99.517878,
        "fair_value": 87.814706,
        "relative_strength": -25.337868,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -57.565264,
        "energy": 75.122185,
        "activity_lines": [
          90.423991,
          94.762153,
          101.878642,
          102.144643
        ]
      },
      {
        "date": "2025-10-17",
        "close": 82.063614,
        "volume": 4315802,
        "typical_volume": 3505738.3,
        "trend": 99.445816,
        "fair_value": 87.984302,
        "relative_strength": -27.990642,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -58.747221,
        "energy": 81.042145,
        "activity_lines": [
          87.090751,
          91.551958,
          99.677362,
          101.018561
        ]
      },
      {
        "date": "2025-10-24",
        "close": 85.396851,
        "volume": 3791348,
        "typical_volume": 3570130.65,
        "trend": 99.632713,
        "fair_value": 88.174312,
        "relative_strength": -24.793521,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -43.0055,
        "energy": 76.087381,
        "activity_lines": [
          85.713543,
          89.541126,
          97.911335,
          100.112176
        ]
      },
      {
        "date": "2025-10-31",
        "close": 68.980141,
        "volume": 7844518,
        "typical_volume": 3858710.1,
        "trend": 99.44582,
        "fair_value": 88.248024,
        "relative_strength": -37.669563,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -94.175674,
        "energy": 95.589726,
        "activity_lines": [
          79.577984,
          85.08812,
          94.676004,
          98.134591
        ]
      },
      {
        "date": "2025-11-07",
        "close": 66.036102,
        "volume": 5654063,
        "typical_volume": 3962709.15,
        "trend": 98.851136,
        "fair_value": 88.3035,
        "relative_strength": -38.837406,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -91.088198,
        "energy": 95.711298,
        "activity_lines": [
          74.125039,
          80.886091,
          91.332038,
          95.979125
        ]
      },
      {
        "date": "2025-11-14",
        "close": 64.778664,
        "volume": 5475031,
        "typical_volume": 4133958.9,
        "trend": 98.285971,
        "fair_value": 88.34494,
        "relative_strength": -38.224422,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -84.725145,
        "energy": 93.393308,
        "activity_lines": [
          69.855698,
          77.099494,
          88.062867,
          93.780901
        ]
      },
      {
        "date": "2025-11-21",
        "close": 65.626938,
        "volume": 5701020,
        "typical_volume": 4293601.7,
        "trend": 97.596912,
        "fair_value": 88.414513,
        "relative_strength": -35.112078,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.817974,
        "energy": 89.776338,
        "activity_lines": [
          67.247652,
          73.9849,
          85.081998,
          91.673867
        ]
      },
      {
        "date": "2025-11-28",
        "close": 72.872246,
        "volume": 6723281,
        "typical_volume": 4536400.95,
        "trend": 96.869607,
        "fair_value": 88.513111,
        "relative_strength": -28.843131,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.164289,
        "energy": 85.871198,
        "activity_lines": [
          68.150488,
          72.716926,
          83.010725,
          90.078727
        ]
      },
      {
        "date": "2025-12-05",
        "close": 73.171638,
        "volume": 5664426,
        "typical_volume": 4727019.95,
        "trend": 96.11208,
        "fair_value": 88.642045,
        "relative_strength": -27.89746,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.962883,
        "energy": 65.451663,
        "activity_lines": [
          69.988095,
          71.925802,
          81.153315,
          88.549826
        ]
      },
      {
        "date": "2025-12-12",
        "close": 70.826393,
        "volume": 3331835,
        "typical_volume": 4767765.2,
        "trend": 95.100618,
        "fair_value": 88.749589,
        "relative_strength": -29.975222,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.768105,
        "energy": 60.68756,
        "activity_lines": [
          70.76452,
          71.085869,
          79.270806,
          86.918491
        ]
      },
      {
        "date": "2025-12-19",
        "close": 70.037994,
        "volume": 5086746,
        "typical_volume": 4914005.55,
        "trend": 94.111052,
        "fair_value": 88.865937,
        "relative_strength": -29.344876,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.912494,
        "energy": 52.612586,
        "activity_lines": [
          70.958792,
          70.452607,
          77.546274,
          85.301548
        ]
      },
      {
        "date": "2025-12-26",
        "close": 68.630844,
        "volume": 5151378,
        "typical_volume": 5025666.05,
        "trend": 92.838683,
        "fair_value": 88.983247,
        "relative_strength": -31.088675,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.129189,
        "energy": 53.531795,
        "activity_lines": [
          70.333393,
          69.843841,
          75.906415,
          83.657663
        ]
      },
      {
        "date": "2026-01-02",
        "close": 68.411293,
        "volume": 1864689,
        "typical_volume": 5002672.35,
        "trend": 91.613153,
        "fair_value": 89.104997,
        "relative_strength": -30.184681,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.388436,
        "energy": 57.811337,
        "activity_lines": [
          69.43455,
          69.439389,
          74.465004,
          82.081703
        ]
      },
      {
        "date": "2026-01-09",
        "close": 66.874413,
        "volume": 3761511,
        "typical_volume": 5077226.6,
        "trend": 90.340713,
        "fair_value": 89.203673,
        "relative_strength": -30.798308,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.692356,
        "energy": 59.449265,
        "activity_lines": [
          68.32081,
          69.064332,
          73.100239,
          80.485655
        ]
      },
      {
        "date": "2026-01-16",
        "close": 66.884384,
        "volume": 3338949,
        "typical_volume": 4863037.45,
        "trend": 89.007138,
        "fair_value": 89.282006,
        "relative_strength": -31.46027,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.050007,
        "energy": 57.988764,
        "activity_lines": [
          67.630209,
          68.729374,
          71.952374,
          78.972344
        ]
      },
      {
        "date": "2026-01-23",
        "close": 61.764767,
        "volume": 5354705,
        "typical_volume": 4811071.85,
        "trend": 87.454069,
        "fair_value": 89.311882,
        "relative_strength": -35.572673,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -79.902006,
        "energy": 64.037687,
        "activity_lines": [
          65.495869,
          67.448153,
          70.48157,
          77.214771
        ]
      },
      {
        "date": "2026-01-30",
        "close": 57.882641,
        "volume": 4115420,
        "typical_volume": 4807584.95,
        "trend": 85.658963,
        "fair_value": 89.288773,
        "relative_strength": -38.822348,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -87.420889,
        "energy": 87.724593,
        "activity_lines": [
          62.619036,
          65.51589,
          68.790998,
          75.306937
        ]
      },
      {
        "date": "2026-02-06",
        "close": 47.503681,
        "volume": 12368845,
        "typical_volume": 5104444.5,
        "trend": 83.515898,
        "fair_value": 89.247193,
        "relative_strength": -47.95428,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -95.693263,
        "energy": 96.215832,
        "activity_lines": [
          56.999097,
          61.837348,
          66.287455,
          72.845306
        ]
      },
      {
        "date": "2026-02-13",
        "close": 42.53376,
        "volume": 11372061,
        "typical_volume": 5508289.45,
        "trend": 81.10683,
        "fair_value": 89.160405,
        "relative_strength": -53.668741,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -94.773645,
        "energy": 97.634905,
        "activity_lines": [
          51.116358,
          57.716431,
          63.542021,
          70.201297
        ]
      },
      {
        "date": "2026-02-20",
        "close": 47.004692,
        "volume": 7831500,
        "typical_volume": 5650201.6,
        "trend": 78.681331,
        "fair_value": 89.060445,
        "relative_strength": -48.82084,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.401898,
        "energy": 91.010506,
        "activity_lines": [
          48.346639,
          54.965462,
          61.46718,
          68.001159
        ]
      },
      {
        "date": "2026-02-27",
        "close": 47.443806,
        "volume": 15051193,
        "typical_volume": 6189916.05,
        "trend": 76.39739,
        "fair_value": 88.964509,
        "relative_strength": -48.437656,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.426046,
        "energy": 87.405035,
        "activity_lines": [
          47.048605,
          52.727455,
          59.639268,
          65.985835
        ]
      },
      {
        "date": "2026-03-06",
        "close": 52.613323,
        "volume": 10010503,
        "typical_volume": 6474651.1,
        "trend": 74.327962,
        "fair_value": 88.897355,
        "relative_strength": -39.977573,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.523852,
        "energy": 66.975393,
        "activity_lines": [
          48.428474,
          51.840163,
          58.484704,
          64.451379
        ]
      },
      {
        "date": "2026-03-13",
        "close": 47.57,
        "volume": 8545151,
        "typical_volume": 6712341.25,
        "trend": 72.072149,
        "fair_value": 88.796281,
        "relative_strength": -43.672502,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.665168,
        "energy": 64.91594,
        "activity_lines": [
          48.478524,
          50.327131,
          56.990063,
          62.725059
        ]
      },
      {
        "date": "2026-03-20",
        "close": 42.84,
        "volume": 8650643,
        "typical_volume": 6752647.5,
        "trend": 69.759341,
        "fair_value": 88.667306,
        "relative_strength": -47.567956,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -79.177133,
        "energy": 67.230147,
        "activity_lines": [
          46.947485,
          48.333032,
          55.225074,
          60.839114
        ]
      },
      {
        "date": "2026-03-27",
        "close": 38.360001,
        "volume": 9305644,
        "typical_volume": 6935226.55,
        "trend": 67.65603,
        "fair_value": 88.498666,
        "relative_strength": -53.02383,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -83.285401,
        "energy": 69.537058,
        "activity_lines": [
          43.902697,
          45.961376,
          53.157895,
          58.81335
        ]
      },
      {
        "date": "2026-04-03",
        "close": 37.880001,
        "volume": 6922728,
        "typical_volume": 7007611.4,
        "trend": 65.810162,
        "fair_value": 88.318295,
        "relative_strength": -53.457495,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.680404,
        "energy": 69.316041,
        "activity_lines": [
          41.274222,
          44.021073,
          51.176793,
          56.892316
        ]
      },
      {
        "date": "2026-04-10",
        "close": 37.630001,
        "volume": 8715417,
        "typical_volume": 7158331.25,
        "trend": 63.906565,
        "fair_value": 88.132566,
        "relative_strength": -55.115092,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.685033,
        "energy": 68.055202,
        "activity_lines": [
          39.200001,
          42.469584,
          49.29997,
          55.074241
        ]
      },
      {
        "date": "2026-04-17",
        "close": 46.18,
        "volume": 9270632,
        "typical_volume": 7285698.8,
        "trend": 62.242394,
        "fair_value": 87.995855,
        "relative_strength": -44.225732,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.978433,
        "energy": 57.792636,
        "activity_lines": [
          40.974667,
          42.840871,
          48.370752,
          53.930592
        ]
      },
      {
        "date": "2026-04-24",
        "close": 44.439999,
        "volume": 5858331,
        "typical_volume": 7295394.05,
        "trend": 60.592409,
        "fair_value": 87.844425,
        "relative_strength": -44.683866,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.689979,
        "energy": 48.950336,
        "activity_lines": [
          42.262,
          42.91986,
          47.402925,
          52.78205
        ]
      },
      {
        "date": "2026-05-01",
        "close": 43.73,
        "volume": 5444531,
        "typical_volume": 7401028.85,
        "trend": 59.047497,
        "fair_value": 87.692008,
        "relative_strength": -44.456479,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.694945,
        "energy": 36.620165,
        "activity_lines": [
          43.206,
          42.835099,
          46.504296,
          51.694153
        ]
      },
      {
        "date": "2026-05-08",
        "close": 42.27,
        "volume": 8790508,
        "typical_volume": 7586216.95,
        "trend": 57.60794,
        "fair_value": 87.511332,
        "relative_strength": -45.609973,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.902337,
        "energy": 30.97552,
        "activity_lines": [
          43.305333,
          42.544424,
          45.59565,
          50.611733
        ]
      },
      {
        "date": "2026-05-15",
        "close": 38.009998,
        "volume": 9495654,
        "typical_volume": 7803430.75,
        "trend": 56.139486,
        "fair_value": 87.301884,
        "relative_strength": -49.605741,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.772566,
        "energy": 42.004377,
        "activity_lines": [
          41.691999,
          41.573272,
          44.413519,
          49.34735
        ]
      },
      {
        "date": "2026-05-22",
        "close": 37.09,
        "volume": 5635006,
        "typical_volume": 7991946.6,
        "trend": 54.529257,
        "fair_value": 87.062993,
        "relative_strength": -50.13564,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.723546,
        "energy": 50.853748,
        "activity_lines": [
          39.746666,
          40.700363,
          43.289582,
          48.118351
        ]
      },
      {
        "date": "2026-05-29",
        "close": 36.009998,
        "volume": 8038314,
        "typical_volume": 8205786.75,
        "trend": 53.430253,
        "fair_value": 86.80617,
        "relative_strength": -51.066665,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.686836,
        "energy": 69.165918,
        "activity_lines": [
          38.047332,
          39.821636,
          42.211937,
          46.92356
        ]
      },
      {
        "date": "2026-06-05",
        "close": 39.810001,
        "volume": 912905,
        "typical_volume": 8084484.55,
        "trend": 52.556049,
        "fair_value": 86.578478,
        "relative_strength": -44.250291,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.762181,
        "energy": 63.293682,
        "activity_lines": [
          38.176666,
          39.758,
          41.64317,
          46.044834
        ]
      },
      {
        "date": "2026-06-12",
        "close": 37.5,
        "volume": 1339951,
        "typical_volume": 7883746.85,
        "trend": 51.64676,
        "fair_value": 86.309251,
        "relative_strength": -47.574407,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.884006,
        "energy": 61.453257,
        "activity_lines": [
          37.797333,
          39.248,
          40.983329,
          45.073476
        ]
      },
      {
        "date": "2026-06-19",
        "close": 36.880001,
        "volume": 3433847,
        "typical_volume": 7849668.2,
        "trend": 50.688529,
        "fair_value": 86.056922,
        "relative_strength": -47.5437,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.206006,
        "energy": 53.91255,
        "activity_lines": [
          37.529334,
          38.632182,
          40.379986,
          44.120782
        ]
      },
      {
        "date": "2026-06-26",
        "close": 31.549999,
        "volume": 4617281,
        "typical_volume": 7462090.0,
        "trend": 49.311121,
        "fair_value": 85.751272,
        "relative_strength": -53.775784,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -80.575683,
        "energy": 58.268366,
        "activity_lines": [
          35.56,
          37.060909,
          39.369037,
          42.886038
        ]
      },
      {
        "date": "2026-07-03",
        "close": 32.959999,
        "volume": 1198086,
        "typical_volume": 6953391.25,
        "trend": 47.970733,
        "fair_value": 85.480497,
        "relative_strength": -51.027909,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.995827,
        "energy": 65.368666,
        "activity_lines": [
          34.43,
          36.012,
          38.568344,
          41.831127
        ]
      },
      {
        "date": "2026-07-10",
        "close": 34.0,
        "volume": 11254365,
        "typical_volume": 7124534.5,
        "trend": 46.743187,
        "fair_value": 85.19558,
        "relative_strength": -48.05889,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.988643,
        "energy": 61.04381,
        "activity_lines": [
          33.85,
          35.360909,
          37.912288,
          40.929789
        ]
      },
      {
        "date": "2026-07-17",
        "close": 34.950001,
        "volume": 7543079,
        "typical_volume": 6749128.8,
        "trend": 45.573587,
        "fair_value": 84.910197,
        "relative_strength": -45.257163,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.398268,
        "energy": 62.872751,
        "activity_lines": [
          33.974,
          35.059454,
          37.408635,
          40.168939
        ]
      },
      {
        "date": "2026-07-24",
        "close": 30.02,
        "volume": 10494159,
        "typical_volume": 6773311.6,
        "trend": 44.286559,
        "fair_value": 84.554584,
        "relative_strength": -51.51254,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.689299,
        "energy": 65.281999,
        "activity_lines": [
          32.624667,
          33.994727,
          36.494952,
          39.165482
        ]
      },
      {
        "date": "2026-07-31",
        "close": 36.299999,
        "volume": 12226524,
        "typical_volume": 6957380.25,
        "trend": 43.216182,
        "fair_value": 84.233627,
        "relative_strength": -41.208123,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.967341,
        "energy": 42.519299,
        "activity_lines": [
          33.826,
          34.217091,
          36.286952,
          38.65022
        ]
      },
      {
        "date": "2026-08-07",
        "close": 40.98,
        "volume": 8413824,
        "typical_volume": 6945539.3,
        "trend": 42.353035,
        "fair_value": 83.94757,
        "relative_strength": -34.098707,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -23.311396,
        "energy": 17.05346,
        "activity_lines": [
          36.270667,
          35.304727,
          36.578333,
          38.50595
        ]
      }
    ],
    "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."
    }
  }
}