{
  "ticker": {
    "uuid": "a0094178-abdc-4719-a288-a267a7507dd9",
    "symbol": "CSU",
    "name": "Constellation Software Inc.",
    "exchange": "TOR",
    "country": "CA",
    "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": "^GSPTSE",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 75.954,
    "architecture_energy": 62.675,
    "architecture_maturity": 18.666,
    "architecture_confidence": 75.228,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 34.74,
        "rotation_up": 58.88,
        "upward_expansion": 81.27,
        "deceleration": 52.73,
        "rotation_down": 17.57,
        "downward_expansion": 14.93
      },
      "activity_lines": [
        2968.356022,
        2898.762553,
        2810.229745,
        2736.077354
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.166667
    },
    "latest_close": 3221.600098,
    "trend_reference": 2666.167066,
    "distance_from_trend": 0.208326,
    "trend_direction": "Weakening",
    "fair_value": 3745.038789,
    "distance_from_fair_value": -0.139769,
    "fair_value_direction": "Improving",
    "relative_strength": -9.852436,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.324341,
    "excess_performance": 0.20392,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.208326,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.052809,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.139769,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.171958,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.098524,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.291113,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.324341,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.69964,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 291600,
      "relative_activity": 1.202598,
      "balance": 1.69964,
      "dry_up": 1.256934,
      "accumulation_observations": 5,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.069475,
      "annualized_volatility": 0.490481,
      "from_high_reference": -0.344731,
      "from_low_reference": 0.467883
    },
    "levels": {
      "trend_reference": 2666.167066,
      "fair_value_reference": 3745.038789,
      "structural_low": 2194.724742,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 39,
        "median_return": 0.016548,
        "positive_rate": 0.615385,
        "directional_follow_through": 0.615385,
        "median_excess_return": 0.011042,
        "regime_survival": 0.820513,
        "best_return": 0.112327,
        "worst_return": -0.110148,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 14,
        "median_return": 0.069957,
        "positive_rate": 0.857143,
        "directional_follow_through": 0.857143,
        "median_excess_return": 0.034093,
        "regime_survival": 0.857143,
        "best_return": 0.192451,
        "worst_return": -0.063144,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": 0.143159,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.066992,
        "regime_survival": 0.75,
        "best_return": 0.295267,
        "worst_return": -0.322386,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.23512,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.133782,
        "regime_survival": 0.5,
        "best_return": 0.579215,
        "worst_return": -0.291303,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-07-14",
        "end": "2023-07-21",
        "tenure": "New",
        "return": 0.042027,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-07-28",
        "end": "2024-04-05",
        "tenure": "Extended",
        "return": 0.308973,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-04-12",
        "end": "2024-05-31",
        "tenure": "Developing",
        "return": 0.058456,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-06-07",
        "end": "2024-11-08",
        "tenure": "Established",
        "return": 0.134855,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-15",
        "end": "2024-11-22",
        "tenure": "New",
        "return": 0.037778,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-11-29",
        "end": "2025-04-04",
        "tenure": "Established",
        "return": -0.077392,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-11",
        "end": "2025-05-09",
        "tenure": "Developing",
        "return": 0.123912,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-05-16",
        "end": "2025-07-25",
        "tenure": "Developing",
        "return": -0.034582,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-01",
        "end": "2025-08-22",
        "tenure": "New",
        "return": -0.035691,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-08-29",
        "end": "2026-05-22",
        "tenure": "Extended",
        "return": -0.401437,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-29",
        "end": "2026-06-05",
        "tenure": "New",
        "return": 0.051895,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-06-12",
        "end": "2026-07-10",
        "tenure": "Developing",
        "return": -0.041183,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-17",
        "end": "2026-07-31",
        "tenure": "New",
        "return": 0.072205,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 2632.767578,
        "volume": 131100,
        "typical_volume": 130070.0,
        "trend": 2567.313973,
        "fair_value": 2037.429914,
        "relative_strength": 13.520722,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 32.815533,
        "energy": 18.38311,
        "activity_lines": [
          2703.227295,
          2708.374183,
          2696.0499,
          2647.617102
        ]
      },
      {
        "date": "2023-08-25",
        "close": 2712.068848,
        "volume": 106100,
        "typical_volume": 127710.0,
        "trend": 2579.620174,
        "fair_value": 2045.257547,
        "relative_strength": 16.160021,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 34.674055,
        "energy": 15.989617,
        "activity_lines": [
          2698.237044,
          2709.453121,
          2699.547399,
          2656.956126
        ]
      },
      {
        "date": "2023-09-01",
        "close": 2835.554199,
        "volume": 135600,
        "typical_volume": 128315.0,
        "trend": 2595.0059,
        "fair_value": 2054.106338,
        "relative_strength": 16.556595,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.101911,
        "energy": 31.683031,
        "activity_lines": [
          2740.256185,
          2732.897927,
          2714.138444,
          2673.467999
        ]
      },
      {
        "date": "2023-09-08",
        "close": 2750.527588,
        "volume": 125000,
        "typical_volume": 127170.0,
        "trend": 2608.080021,
        "fair_value": 2062.212421,
        "relative_strength": 15.061286,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 47.642617,
        "energy": 25.641389,
        "activity_lines": [
          2749.81958,
          2737.508492,
          2719.710226,
          2683.501656
        ]
      },
      {
        "date": "2023-09-15",
        "close": 2868.029297,
        "volume": 173900,
        "typical_volume": 129105.0,
        "trend": 2625.067245,
        "fair_value": 2071.339726,
        "relative_strength": 16.047211,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.789873,
        "energy": 48.736134,
        "activity_lines": [
          2793.721647,
          2763.1714,
          2735.910114,
          2700.272577
        ]
      },
      {
        "date": "2023-09-22",
        "close": 2695.072266,
        "volume": 111500,
        "typical_volume": 125770.0,
        "trend": 2638.047811,
        "fair_value": 2078.785671,
        "relative_strength": 13.07305,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 46.853111,
        "energy": 33.152518,
        "activity_lines": [
          2772.149235,
          2753.398344,
          2734.549922,
          2704.78903
        ]
      },
      {
        "date": "2023-09-29",
        "close": 2793.779297,
        "volume": 154600,
        "typical_volume": 126080.0,
        "trend": 2655.038224,
        "fair_value": 2087.007993,
        "relative_strength": 17.905507,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 51.835485,
        "energy": 28.765331,
        "activity_lines": [
          2779.325521,
          2761.422758,
          2742.098034,
          2714.836223
        ]
      },
      {
        "date": "2023-10-06",
        "close": 2866.59082,
        "volume": 153400,
        "typical_volume": 124680.0,
        "trend": 2674.655973,
        "fair_value": 2095.787321,
        "relative_strength": 21.900787,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.469637,
        "energy": 37.063295,
        "activity_lines": [
          2805.324951,
          2782.794789,
          2755.28411,
          2728.484777
        ]
      },
      {
        "date": "2023-10-13",
        "close": 2817.391846,
        "volume": 81700,
        "typical_volume": 123135.0,
        "trend": 2691.759945,
        "fair_value": 2104.202843,
        "relative_strength": 17.631807,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 51.148993,
        "energy": 28.442819,
        "activity_lines": [
          2812.855615,
          2793.535374,
          2763.070967,
          2737.693543
        ]
      },
      {
        "date": "2023-10-20",
        "close": 2825.24292,
        "volume": 131400,
        "typical_volume": 120480.0,
        "trend": 2706.633171,
        "fair_value": 2113.053658,
        "relative_strength": 19.197384,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 53.375341,
        "energy": 35.606132,
        "activity_lines": [
          2818.545687,
          2803.170832,
          2770.934588,
          2746.305348
        ]
      },
      {
        "date": "2023-10-27",
        "close": 2662.133301,
        "volume": 118200,
        "typical_volume": 119750.0,
        "trend": 2711.109749,
        "fair_value": 2121.252992,
        "relative_strength": 13.894601,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 21.341889,
        "energy": 13.191674,
        "activity_lines": [
          2772.718311,
          2781.79462,
          2762.967562,
          2743.434389
        ]
      },
      {
        "date": "2023-11-03",
        "close": 2853.996826,
        "volume": 114400,
        "typical_volume": 116435.0,
        "trend": 2720.509432,
        "fair_value": 2129.579239,
        "relative_strength": 14.519879,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.625088,
        "energy": 21.040451,
        "activity_lines": [
          2793.041374,
          2794.768763,
          2773.406606,
          2752.65291
        ]
      },
      {
        "date": "2023-11-10",
        "close": 3022.865234,
        "volume": 127800,
        "typical_volume": 117660.0,
        "trend": 2733.203565,
        "fair_value": 2139.434429,
        "relative_strength": 21.324049,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.726622,
        "energy": 42.724908,
        "activity_lines": [
          2865.639404,
          2835.865745,
          2799.22998,
          2772.159736
        ]
      },
      {
        "date": "2023-11-17",
        "close": 3142.59375,
        "volume": 189000,
        "typical_volume": 122065.0,
        "trend": 2750.210164,
        "fair_value": 2149.428157,
        "relative_strength": 21.851315,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.392752,
        "energy": 70.982759,
        "activity_lines": [
          2967.728646,
          2895.325892,
          2834.680222,
          2798.572006
        ]
      },
      {
        "date": "2023-11-24",
        "close": 3170.720703,
        "volume": 69000,
        "typical_volume": 121330.0,
        "trend": 2767.915755,
        "fair_value": 2159.482128,
        "relative_strength": 22.366529,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.512381,
        "energy": 83.493917,
        "activity_lines": [
          3057.513411,
          2952.771555,
          2870.860629,
          2825.701718
        ]
      },
      {
        "date": "2023-12-01",
        "close": 3214.160645,
        "volume": 224300,
        "typical_volume": 127315.0,
        "trend": 2788.665259,
        "fair_value": 2170.012652,
        "relative_strength": 20.966491,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.001443,
        "energy": 88.457936,
        "activity_lines": [
          3138.746305,
          3012.61191,
          2908.691988,
          2854.491711
        ]
      },
      {
        "date": "2023-12-08",
        "close": 3279.868408,
        "volume": 144900,
        "typical_volume": 130250.0,
        "trend": 2813.943498,
        "fair_value": 2180.755826,
        "relative_strength": 23.133899,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.512764,
        "energy": 92.3522,
        "activity_lines": [
          3205.079964,
          3074.961159,
          2950.270286,
          2886.182237
        ]
      },
      {
        "date": "2023-12-15",
        "close": 3304.946045,
        "volume": 291400,
        "typical_volume": 140015.0,
        "trend": 2833.550553,
        "fair_value": 2191.500884,
        "relative_strength": 21.937726,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.570556,
        "energy": 91.125779,
        "activity_lines": [
          3251.381397,
          3133.031996,
          2991.950809,
          2917.85982
        ]
      },
      {
        "date": "2023-12-22",
        "close": 3236.912842,
        "volume": 157400,
        "typical_volume": 141220.0,
        "trend": 2852.231291,
        "fair_value": 2201.64635,
        "relative_strength": 16.624148,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.358249,
        "energy": 85.222633,
        "activity_lines": [
          3256.199707,
          3170.763064,
          3024.622956,
          2943.883194
        ]
      },
      {
        "date": "2023-12-29",
        "close": 3274.559814,
        "volume": 58300,
        "typical_volume": 139950.0,
        "trend": 2869.283301,
        "fair_value": 2212.151137,
        "relative_strength": 16.739466,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.522059,
        "energy": 79.420047,
        "activity_lines": [
          3267.279069,
          3207.711381,
          3058.219511,
          2971.130195
        ]
      },
      {
        "date": "2024-01-05",
        "close": 3337.693115,
        "volume": 99400,
        "typical_volume": 138365.0,
        "trend": 2890.86849,
        "fair_value": 2223.096088,
        "relative_strength": 18.271494,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.921151,
        "energy": 67.377304,
        "activity_lines": [
          3292.480257,
          3247.969083,
          3095.334178,
          3001.350183
        ]
      },
      {
        "date": "2024-01-12",
        "close": 3558.361572,
        "volume": 161600,
        "typical_volume": 141140.0,
        "trend": 2919.235938,
        "fair_value": 2235.732746,
        "relative_strength": 24.725472,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.051816,
        "energy": 73.19264,
        "activity_lines": [
          3383.002099,
          3316.065416,
          3150.108101,
          3044.414253
        ]
      },
      {
        "date": "2024-01-19",
        "close": 3648.63623,
        "volume": 121100,
        "typical_volume": 140415.0,
        "trend": 2952.525911,
        "fair_value": 2248.818609,
        "relative_strength": 27.290496,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 89.600676,
        "energy": 88.918302,
        "activity_lines": [
          3485.049284,
          3387.768692,
          3209.449644,
          3091.472336
        ]
      },
      {
        "date": "2024-01-26",
        "close": 3682.934082,
        "volume": 104200,
        "typical_volume": 139375.0,
        "trend": 2984.177401,
        "fair_value": 2262.544742,
        "relative_strength": 26.073443,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.113816,
        "energy": 92.949835,
        "activity_lines": [
          3575.616406,
          3454.330287,
          3268.18583,
          3138.595444
        ]
      },
      {
        "date": "2024-02-02",
        "close": 3777.654053,
        "volume": 134900,
        "typical_volume": 137425.0,
        "trend": 3021.811816,
        "fair_value": 2276.658236,
        "relative_strength": 28.405304,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.495154,
        "energy": 95.178104,
        "activity_lines": [
          3668.022103,
          3528.289324,
          3331.502935,
          3189.787486
        ]
      },
      {
        "date": "2024-02-09",
        "close": 3719.912842,
        "volume": 127400,
        "typical_volume": 138220.0,
        "trend": 3056.246818,
        "fair_value": 2290.26482,
        "relative_strength": 25.810766,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.015915,
        "energy": 89.478175,
        "activity_lines": [
          3707.641113,
          3580.714808,
          3384.989331,
          3234.826262
        ]
      },
      {
        "date": "2024-02-16",
        "close": 3698.732666,
        "volume": 142000,
        "typical_volume": 137590.0,
        "trend": 3086.211808,
        "fair_value": 2303.036025,
        "relative_strength": 22.656897,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.136256,
        "energy": 83.700761,
        "activity_lines": [
          3714.71875,
          3620.093856,
          3431.578374,
          3276.276962
        ]
      },
      {
        "date": "2024-02-23",
        "close": 3737.774658,
        "volume": 125800,
        "typical_volume": 136210.0,
        "trend": 3118.342594,
        "fair_value": 2316.543128,
        "relative_strength": 22.038139,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.846755,
        "energy": 67.622465,
        "activity_lines": [
          3725.452311,
          3658.955735,
          3477.5764,
          3318.313275
        ]
      },
      {
        "date": "2024-03-01",
        "close": 3840.448975,
        "volume": 124200,
        "typical_volume": 138335.0,
        "trend": 3157.08759,
        "fair_value": 2330.560143,
        "relative_strength": 23.464826,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.231969,
        "energy": 69.739574,
        "activity_lines": [
          3764.468083,
          3708.61606,
          3529.204438,
          3364.900783
        ]
      },
      {
        "date": "2024-03-08",
        "close": 3781.47168,
        "volume": 119600,
        "typical_volume": 137745.0,
        "trend": 3191.446737,
        "fair_value": 2343.995458,
        "relative_strength": 19.597198,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.601626,
        "energy": 64.26243,
        "activity_lines": [
          3773.323763,
          3736.579856,
          3570.34389,
          3405.183628
        ]
      },
      {
        "date": "2024-03-15",
        "close": 3738.582275,
        "volume": 230100,
        "typical_volume": 143340.0,
        "trend": 3228.307227,
        "fair_value": 2357.145701,
        "relative_strength": 16.829098,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.254422,
        "energy": 61.392958,
        "activity_lines": [
          3767.628467,
          3747.528999,
          3602.845166,
          3440.482695
        ]
      },
      {
        "date": "2024-03-22",
        "close": 3740.615234,
        "volume": 129400,
        "typical_volume": 144090.0,
        "trend": 3262.592106,
        "fair_value": 2370.200479,
        "relative_strength": 15.445346,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.69295,
        "energy": 56.210772,
        "activity_lines": [
          3761.366195,
          3751.558878,
          3630.41411,
          3473.534824
        ]
      },
      {
        "date": "2024-03-29",
        "close": 3689.276123,
        "volume": 122700,
        "typical_volume": 143835.0,
        "trend": 3291.049504,
        "fair_value": 2382.460367,
        "relative_strength": 12.325392,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 49.069363,
        "energy": 43.024108,
        "activity_lines": [
          3735.198714,
          3742.940669,
          3648.871623,
          3501.062825
        ]
      },
      {
        "date": "2024-04-05",
        "close": 3630.895752,
        "volume": 127700,
        "typical_volume": 140770.0,
        "trend": 3320.395109,
        "fair_value": 2393.805695,
        "relative_strength": 9.556205,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 42.783844,
        "energy": 31.751135,
        "activity_lines": [
          3692.804346,
          3722.968941,
          3658.595715,
          3522.98839
        ]
      },
      {
        "date": "2024-04-12",
        "close": 3571.319092,
        "volume": 108600,
        "typical_volume": 142750.0,
        "trend": 3343.838102,
        "fair_value": 2404.648688,
        "relative_strength": 9.062767,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.314189,
        "energy": 22.533266,
        "activity_lines": [
          3644.521305,
          3693.111244,
          3660.320591,
          3539.177034
        ]
      },
      {
        "date": "2024-04-19",
        "close": 3651.057373,
        "volume": 168000,
        "typical_volume": 139935.0,
        "trend": 3375.704272,
        "fair_value": 2416.380944,
        "relative_strength": 11.395183,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.477063,
        "energy": 21.289615,
        "activity_lines": [
          3636.827865,
          3681.502961,
          3667.731979,
          3558.997632
        ]
      },
      {
        "date": "2024-04-26",
        "close": 3624.464111,
        "volume": 112500,
        "typical_volume": 138315.0,
        "trend": 3403.393766,
        "fair_value": 2428.16233,
        "relative_strength": 9.251152,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.599279,
        "energy": 16.137338,
        "activity_lines": [
          3626.104997,
          3666.311457,
          3670.530214,
          3575.046654
        ]
      },
      {
        "date": "2024-05-03",
        "close": 3627.466064,
        "volume": 120100,
        "typical_volume": 129750.0,
        "trend": 3428.756274,
        "fair_value": 2439.96975,
        "relative_strength": 8.907743,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 17.539201,
        "energy": 13.724832,
        "activity_lines": [
          3624.126188,
          3653.0161,
          3671.973418,
          3589.502931
        ]
      },
      {
        "date": "2024-05-10",
        "close": 3725.471436,
        "volume": 180100,
        "typical_volume": 130885.0,
        "trend": 3459.025594,
        "fair_value": 2452.848414,
        "relative_strength": 9.434359,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 29.412985,
        "energy": 17.845426,
        "activity_lines": [
          3658.936507,
          3659.545512,
          3681.214657,
          3608.645845
        ]
      },
      {
        "date": "2024-05-17",
        "close": 3684.280762,
        "volume": 148700,
        "typical_volume": 135405.0,
        "trend": 3487.660189,
        "fair_value": 2465.293846,
        "relative_strength": 7.058913,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.557896,
        "energy": 20.03136,
        "activity_lines": [
          3673.711556,
          3660.676212,
          3684.206505,
          3623.178436
        ]
      },
      {
        "date": "2024-05-24",
        "close": 3806.934326,
        "volume": 110600,
        "typical_volume": 135965.0,
        "trend": 3525.820223,
        "fair_value": 2478.689628,
        "relative_strength": 10.83554,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 52.152098,
        "energy": 32.548361,
        "activity_lines": [
          3721.840348,
          3685.874667,
          3696.928592,
          3643.776768
        ]
      },
      {
        "date": "2024-05-31",
        "close": 3780.08252,
        "volume": 195800,
        "typical_volume": 137675.0,
        "trend": 3556.689746,
        "fair_value": 2491.719144,
        "relative_strength": 9.873599,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 57.374759,
        "energy": 41.016934,
        "activity_lines": [
          3750.626742,
          3704.948211,
          3704.858883,
          3660.180787
        ]
      },
      {
        "date": "2024-06-07",
        "close": 3830.705078,
        "volume": 139700,
        "typical_volume": 138605.0,
        "trend": 3583.617741,
        "fair_value": 2504.974571,
        "relative_strength": 12.129129,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.51347,
        "energy": 53.00201,
        "activity_lines": [
          3785.912761,
          3732.50827,
          3716.554556,
          3677.859195
        ]
      },
      {
        "date": "2024-06-14",
        "close": 3788.986328,
        "volume": 135200,
        "typical_volume": 140155.0,
        "trend": 3605.16416,
        "fair_value": 2517.52352,
        "relative_strength": 12.243451,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.622249,
        "energy": 51.218793,
        "activity_lines": [
          3793.743262,
          3749.911666,
          3723.41002,
          3691.108782
        ]
      },
      {
        "date": "2024-06-21",
        "close": 3800.429932,
        "volume": 308100,
        "typical_volume": 148815.0,
        "trend": 3626.154468,
        "fair_value": 2529.89209,
        "relative_strength": 12.469759,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.870761,
        "energy": 45.043267,
        "activity_lines": [
          3801.153971,
          3766.521342,
          3730.850341,
          3703.706573
        ]
      },
      {
        "date": "2024-06-28",
        "close": 3931.88623,
        "volume": 145000,
        "typical_volume": 149695.0,
        "trend": 3650.078654,
        "fair_value": 2543.146718,
        "relative_strength": 14.035961,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.445534,
        "energy": 54.931426,
        "activity_lines": [
          3844.640169,
          3802.866513,
          3750.701852,
          3723.431203
        ]
      },
      {
        "date": "2024-07-05",
        "close": 3969.131348,
        "volume": 107600,
        "typical_volume": 147975.0,
        "trend": 3673.054085,
        "fair_value": 2556.393989,
        "relative_strength": 13.517853,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.194153,
        "energy": 60.167271,
        "activity_lines": [
          3892.211279,
          3840.877544,
          3773.09112,
          3744.015248
        ]
      },
      {
        "date": "2024-07-12",
        "close": 4136.63623,
        "volume": 136100,
        "typical_volume": 148490.0,
        "trend": 3700.777091,
        "fair_value": 2570.793146,
        "relative_strength": 14.410311,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.214568,
        "energy": 79.1445,
        "activity_lines": [
          3983.014095,
          3903.07733,
          3810.145622,
          3773.923774
        ]
      },
      {
        "date": "2024-07-19",
        "close": 4204.044922,
        "volume": 206700,
        "typical_volume": 152615.0,
        "trend": 3733.014827,
        "fair_value": 2585.490364,
        "relative_strength": 15.505268,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.564193,
        "energy": 87.729227,
        "activity_lines": [
          4075.891064,
          3968.275604,
          3851.720658,
          3806.392666
        ]
      },
      {
        "date": "2024-07-26",
        "close": 4460.333008,
        "volume": 176000,
        "typical_volume": 155435.0,
        "trend": 3772.540601,
        "fair_value": 2601.386453,
        "relative_strength": 21.003483,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 93.169374,
        "energy": 96.434629,
        "activity_lines": [
          4226.526823,
          4071.370375,
          3915.972674,
          3853.316419
        ]
      },
      {
        "date": "2024-08-02",
        "close": 4039.462891,
        "volume": 234400,
        "typical_volume": 155650.0,
        "trend": 3795.932926,
        "fair_value": 2614.331622,
        "relative_strength": 11.823422,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.426501,
        "energy": 80.067193,
        "activity_lines": [
          4192.879004,
          4083.833265,
          3936.909148,
          3870.537212
        ]
      },
      {
        "date": "2024-08-09",
        "close": 4064.668701,
        "volume": 134300,
        "typical_volume": 155895.0,
        "trend": 3812.809831,
        "fair_value": 2627.318868,
        "relative_strength": 11.473925,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.593636,
        "energy": 62.000134,
        "activity_lines": [
          4160.461344,
          4096.651238,
          3958.813411,
          3887.875004
        ]
      },
      {
        "date": "2024-08-16",
        "close": 4218.018555,
        "volume": 168000,
        "typical_volume": 158160.0,
        "trend": 3831.789242,
        "fair_value": 2640.70028,
        "relative_strength": 11.293672,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.450224,
        "energy": 52.580977,
        "activity_lines": [
          4172.791146,
          4132.176709,
          3993.779311,
          3914.017503
        ]
      },
      {
        "date": "2024-08-23",
        "close": 4296.57959,
        "volume": 145200,
        "typical_volume": 159035.0,
        "trend": 3852.244092,
        "fair_value": 2654.705928,
        "relative_strength": 11.615542,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.817196,
        "energy": 47.365226,
        "activity_lines": [
          4205.882471,
          4174.943941,
          4033.709393,
          3944.003977
        ]
      },
      {
        "date": "2024-08-30",
        "close": 4389.532715,
        "volume": 102900,
        "typical_volume": 158750.0,
        "trend": 3872.640047,
        "fair_value": 2668.915136,
        "relative_strength": 13.078915,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.51617,
        "energy": 54.674794,
        "activity_lines": [
          4263.789193,
          4225.382773,
          4079.32223,
          3978.667759
        ]
      },
      {
        "date": "2024-09-06",
        "close": 4175.875977,
        "volume": 123100,
        "typical_volume": 156505.0,
        "trend": 3887.838818,
        "fair_value": 2681.578206,
        "relative_strength": 9.654866,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.812012,
        "energy": 46.450838,
        "activity_lines": [
          4255.197022,
          4226.263965,
          4100.690551,
          3998.231367
        ]
      },
      {
        "date": "2024-09-13",
        "close": 4275.612305,
        "volume": 159400,
        "typical_volume": 158850.0,
        "trend": 3907.06814,
        "fair_value": 2695.120346,
        "relative_strength": 7.997412,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.940231,
        "energy": 45.566644,
        "activity_lines": [
          4270.756088,
          4240.842858,
          4129.058433,
          4023.249011
        ]
      },
      {
        "date": "2024-09-20",
        "close": 4365.374512,
        "volume": 201500,
        "typical_volume": 162920.0,
        "trend": 3927.988135,
        "fair_value": 2709.26191,
        "relative_strength": 8.306327,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.958748,
        "energy": 46.906549,
        "activity_lines": [
          4302.172982,
          4266.169771,
          4162.874392,
          4052.817165
        ]
      },
      {
        "date": "2024-09-27",
        "close": 4329.185547,
        "volume": 108200,
        "typical_volume": 159325.0,
        "trend": 3944.279354,
        "fair_value": 2723.721907,
        "relative_strength": 6.549728,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.129462,
        "energy": 40.986317,
        "activity_lines": [
          4311.703158,
          4280.757995,
          4189.729933,
          4078.700869
        ]
      },
      {
        "date": "2024-10-04",
        "close": 4344.111328,
        "volume": 134900,
        "typical_volume": 158635.0,
        "trend": 3963.034009,
        "fair_value": 2738.318386,
        "relative_strength": 5.636144,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.580474,
        "energy": 41.885108,
        "activity_lines": [
          4324.034863,
          4295.784713,
          4215.132148,
          4104.49648
        ]
      },
      {
        "date": "2024-10-11",
        "close": 4406.402832,
        "volume": 144100,
        "typical_volume": 160310.0,
        "trend": 3985.294694,
        "fair_value": 2752.801583,
        "relative_strength": 5.380101,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.322455,
        "energy": 44.756898,
        "activity_lines": [
          4360.158496,
          4324.25028,
          4243.324836,
          4133.10092
        ]
      },
      {
        "date": "2024-10-18",
        "close": 4421.189941,
        "volume": 92700,
        "typical_volume": 155155.0,
        "trend": 4007.980518,
        "fair_value": 2766.876193,
        "relative_strength": 3.882919,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.227583,
        "energy": 44.31567,
        "activity_lines": [
          4385.842708,
          4348.732777,
          4270.071209,
          4161.223194
        ]
      },
      {
        "date": "2024-10-25",
        "close": 4272.211914,
        "volume": 112700,
        "typical_volume": 153805.0,
        "trend": 4027.411711,
        "fair_value": 2780.436771,
        "relative_strength": 1.48411,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.273267,
        "energy": 37.217179,
        "activity_lines": [
          4352.162402,
          4339.646156,
          4279.576306,
          4178.270381
        ]
      },
      {
        "date": "2024-11-01",
        "close": 4248.415527,
        "volume": 142000,
        "typical_volume": 154145.0,
        "trend": 4047.995703,
        "fair_value": 2793.953632,
        "relative_strength": 1.432739,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 42.947092,
        "energy": 28.375803,
        "activity_lines": [
          4316.760807,
          4325.247585,
          4284.712666,
          4192.528692
        ]
      },
      {
        "date": "2024-11-08",
        "close": 4347.294922,
        "volume": 104600,
        "typical_volume": 143970.0,
        "trend": 4073.861564,
        "fair_value": 2807.882363,
        "relative_strength": 1.433824,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 42.823611,
        "energy": 24.484196,
        "activity_lines": [
          4319.703678,
          4329.702796,
          4297.078354,
          4211.838319
        ]
      },
      {
        "date": "2024-11-15",
        "close": 4411.041992,
        "volume": 149200,
        "typical_volume": 144180.0,
        "trend": 4099.194385,
        "fair_value": 2821.856394,
        "relative_strength": 2.134843,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 48.651004,
        "energy": 25.408755,
        "activity_lines": [
          4343.683333,
          4346.516344,
          4312.911072,
          4233.591895
        ]
      },
      {
        "date": "2024-11-22",
        "close": 4577.680664,
        "volume": 115100,
        "typical_volume": 144555.0,
        "trend": 4130.96827,
        "fair_value": 2837.248797,
        "relative_strength": 3.432774,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 72.156944,
        "energy": 42.865494,
        "activity_lines": [
          4422.899935,
          4389.352086,
          4342.332446,
          4264.461977
        ]
      },
      {
        "date": "2024-11-29",
        "close": 4723.614258,
        "volume": 156300,
        "typical_volume": 145565.0,
        "trend": 4167.506543,
        "fair_value": 2853.883888,
        "relative_strength": 5.567101,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.301191,
        "energy": 73.252659,
        "activity_lines": [
          4540.328353,
          4453.229057,
          4382.754404,
          4302.697202
        ]
      },
      {
        "date": "2024-12-06",
        "close": 4688.193848,
        "volume": 142100,
        "typical_volume": 142335.0,
        "trend": 4199.59729,
        "fair_value": 2870.065694,
        "relative_strength": 4.353482,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.449982,
        "energy": 78.307657,
        "activity_lines": [
          4615.856478,
          4504.152504,
          4417.007856,
          4336.289931
        ]
      },
      {
        "date": "2024-12-13",
        "close": 4649.050781,
        "volume": 141300,
        "typical_volume": 140600.0,
        "trend": 4231.756291,
        "fair_value": 2885.679562,
        "relative_strength": 4.926704,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.252149,
        "energy": 76.860645,
        "activity_lines": [
          4649.018359,
          4541.431605,
          4445.227925,
          4365.286931
        ]
      },
      {
        "date": "2024-12-20",
        "close": 4444.088379,
        "volume": 221600,
        "typical_volume": 139960.0,
        "trend": 4252.994759,
        "fair_value": 2899.379734,
        "relative_strength": 2.763148,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.395288,
        "energy": 58.044947,
        "activity_lines": [
          4593.742383,
          4535.900462,
          4453.02911,
          4378.985775
        ]
      },
      {
        "date": "2024-12-27",
        "close": 4526.102051,
        "volume": 53000,
        "typical_volume": 135895.0,
        "trend": 4277.862077,
        "fair_value": 2913.46609,
        "relative_strength": 3.53079,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.805923,
        "energy": 37.685769,
        "activity_lines": [
          4563.601205,
          4544.595703,
          4466.714332,
          4396.605601
        ]
      },
      {
        "date": "2025-01-03",
        "close": 4449.957031,
        "volume": 76100,
        "typical_volume": 131300.0,
        "trend": 4298.503809,
        "fair_value": 2928.351904,
        "relative_strength": 0.466151,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 39.083375,
        "energy": 21.551301,
        "activity_lines": [
          4511.516927,
          4537.538903,
          4470.950346,
          4407.708501
        ]
      },
      {
        "date": "2025-01-10",
        "close": 4267.335449,
        "volume": 233400,
        "typical_volume": 135710.0,
        "trend": 4314.448779,
        "fair_value": 2942.184223,
        "relative_strength": -2.496746,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 12.686416,
        "energy": 15.515248,
        "activity_lines": [
          4416.802604,
          4494.046449,
          4456.68936,
          4405.697639
        ]
      },
      {
        "date": "2025-01-17",
        "close": 4384.012207,
        "volume": 133300,
        "typical_volume": 137230.0,
        "trend": 4333.901522,
        "fair_value": 2957.168409,
        "relative_strength": -1.034326,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 21.498773,
        "energy": 17.926269,
        "activity_lines": [
          4389.03776,
          4471.423952,
          4453.679704,
          4410.185602
        ]
      },
      {
        "date": "2025-01-24",
        "close": 4624.294434,
        "volume": 120700,
        "typical_volume": 137110.0,
        "trend": 4356.981795,
        "fair_value": 2973.528393,
        "relative_strength": 2.667092,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 37.730652,
        "energy": 18.934985,
        "activity_lines": [
          4459.036231,
          4491.821547,
          4473.580357,
          4428.920629
        ]
      },
      {
        "date": "2025-01-31",
        "close": 4743.977051,
        "volume": 173200,
        "typical_volume": 137800.0,
        "trend": 4382.809985,
        "fair_value": 2990.139687,
        "relative_strength": 4.982031,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.716107,
        "energy": 27.054489,
        "activity_lines": [
          4556.915169,
          4530.102299,
          4502.744029,
          4453.888064
        ]
      },
      {
        "date": "2025-02-07",
        "close": 4899.320801,
        "volume": 167400,
        "typical_volume": 136095.0,
        "trend": 4408.232804,
        "fair_value": 3008.00106,
        "relative_strength": 8.621095,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.071285,
        "energy": 57.21105,
        "activity_lines": [
          4692.050358,
          4593.6038,
          4544.472035,
          4487.211343
        ]
      },
      {
        "date": "2025-02-14",
        "close": 4925.450684,
        "volume": 94400,
        "typical_volume": 135405.0,
        "trend": 4432.279663,
        "fair_value": 3026.479793,
        "relative_strength": 8.800289,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.344745,
        "energy": 70.970673,
        "activity_lines": [
          4805.937923,
          4658.661524,
          4586.146001,
          4520.580238
        ]
      },
      {
        "date": "2025-02-21",
        "close": 4830.791016,
        "volume": 107100,
        "typical_volume": 134015.0,
        "trend": 4444.628263,
        "fair_value": 3044.00364,
        "relative_strength": 7.930929,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.992,
        "energy": 70.352503,
        "activity_lines": [
          4844.397917,
          4702.194638,
          4615.965402,
          4546.290648
        ]
      },
      {
        "date": "2025-02-28",
        "close": 4977.481934,
        "volume": 168900,
        "typical_volume": 135255.0,
        "trend": 4475.895565,
        "fair_value": 3062.592473,
        "relative_strength": 9.917152,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.642829,
        "energy": 74.914566,
        "activity_lines": [
          4901.969629,
          4769.09446,
          4657.437844,
          4580.668304
        ]
      },
      {
        "date": "2025-03-07",
        "close": 4938.775391,
        "volume": 216900,
        "typical_volume": 141465.0,
        "trend": 4505.032455,
        "fair_value": 3081.225311,
        "relative_strength": 11.551315,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.284716,
        "energy": 67.666362,
        "activity_lines": [
          4923.093327,
          4819.258665,
          4692.504525,
          4610.531519
        ]
      },
      {
        "date": "2025-03-14",
        "close": 4689.859375,
        "volume": 244300,
        "typical_volume": 148045.0,
        "trend": 4520.760482,
        "fair_value": 3097.557958,
        "relative_strength": 6.587149,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.22323,
        "energy": 38.322023,
        "activity_lines": [
          4848.258464,
          4816.662261,
          4701.400226,
          4622.455836
        ]
      },
      {
        "date": "2025-03-21",
        "close": 4617.857422,
        "volume": 253400,
        "typical_volume": 153615.0,
        "trend": 4531.469743,
        "fair_value": 3113.857053,
        "relative_strength": 3.042335,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 38.511918,
        "energy": 24.5687,
        "activity_lines": [
          4763.387044,
          4796.612731,
          4701.4498,
          4628.720155
        ]
      },
      {
        "date": "2025-03-28",
        "close": 4557.513184,
        "volume": 220800,
        "typical_volume": 159425.0,
        "trend": 4537.069092,
        "fair_value": 3129.225626,
        "relative_strength": 2.362009,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 22.204627,
        "energy": 16.262179,
        "activity_lines": [
          4678.907097,
          4759.218395,
          4693.993057,
          4630.400377
        ]
      },
      {
        "date": "2025-04-04",
        "close": 4358.04248,
        "volume": 257600,
        "typical_volume": 164845.0,
        "trend": 4543.141309,
        "fair_value": 3143.47923,
        "relative_strength": 4.212902,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 2.850198,
        "energy": 18.192136,
        "activity_lines": [
          4546.155436,
          4682.402095,
          4666.538065,
          4618.850273
        ]
      },
      {
        "date": "2025-04-11",
        "close": 4542.407715,
        "volume": 274500,
        "typical_volume": 172815.0,
        "trend": 4552.034489,
        "fair_value": 3158.72577,
        "relative_strength": 6.470829,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -12.687309,
        "energy": 22.163439,
        "activity_lines": [
          4516.154818,
          4643.947692,
          4656.894045,
          4618.802945
        ]
      },
      {
        "date": "2025-04-18",
        "close": 4675.065918,
        "volume": 167200,
        "typical_volume": 173360.0,
        "trend": 4562.357536,
        "fair_value": 3175.626166,
        "relative_strength": 6.547431,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -9.576528,
        "energy": 17.293952,
        "activity_lines": [
          4556.798112,
          4633.277859,
          4660.052107,
          4626.740456
        ]
      },
      {
        "date": "2025-04-25",
        "close": 4875.615234,
        "volume": 125400,
        "typical_volume": 172525.0,
        "trend": 4580.571859,
        "fair_value": 3194.01242,
        "relative_strength": 8.418415,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 39.663348,
        "energy": 17.894317,
        "activity_lines": [
          4665.277409,
          4663.148899,
          4682.541285,
          4646.95063
        ]
      },
      {
        "date": "2025-05-02",
        "close": 5034.571777,
        "volume": 133600,
        "typical_volume": 172140.0,
        "trend": 4603.587207,
        "fair_value": 3213.68887,
        "relative_strength": 10.100358,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 64.544308,
        "energy": 38.133845,
        "activity_lines": [
          4809.558366,
          4722.827228,
          4719.2767,
          4676.240947
        ]
      },
      {
        "date": "2025-05-09",
        "close": 5105.268555,
        "volume": 187900,
        "typical_volume": 170455.0,
        "trend": 4626.882731,
        "fair_value": 3234.159695,
        "relative_strength": 9.813285,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 69.482826,
        "energy": 62.71284,
        "activity_lines": [
          4945.601009,
          4791.654412,
          4760.909326,
          4708.607486
        ]
      },
      {
        "date": "2025-05-16",
        "close": 5058.802734,
        "volume": 172800,
        "typical_volume": 176445.0,
        "trend": 4648.136491,
        "fair_value": 3253.973969,
        "relative_strength": 5.898589,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.834712,
        "energy": 66.227852,
        "activity_lines": [
          5016.339974,
          4849.709872,
          4794.968159,
          4736.473293
        ]
      },
      {
        "date": "2025-05-23",
        "close": 4833.342773,
        "volume": 134100,
        "typical_volume": 179345.0,
        "trend": 4666.840853,
        "fair_value": 3272.425278,
        "relative_strength": 1.366458,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.761821,
        "energy": 59.802769,
        "activity_lines": [
          4977.499284,
          4864.590296,
          4805.017945,
          4748.422085
        ]
      },
      {
        "date": "2025-05-30",
        "close": 4967.817383,
        "volume": 208000,
        "typical_volume": 178075.0,
        "trend": 4690.820915,
        "fair_value": 3292.112758,
        "relative_strength": 2.797008,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 54.642606,
        "energy": 44.548149,
        "activity_lines": [
          4972.931673,
          4901.311861,
          4826.049191,
          4767.839926
        ]
      },
      {
        "date": "2025-06-06",
        "close": 4903.250488,
        "volume": 118500,
        "typical_volume": 177335.0,
        "trend": 4709.352767,
        "fair_value": 3311.629017,
        "relative_strength": 0.366075,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 49.979568,
        "energy": 28.970317,
        "activity_lines": [
          4940.694954,
          4919.931081,
          4837.59558,
          4781.545059
        ]
      },
      {
        "date": "2025-06-13",
        "close": 4822.280273,
        "volume": 127900,
        "typical_volume": 177695.0,
        "trend": 4723.06071,
        "fair_value": 3330.875034,
        "relative_strength": -1.641794,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 35.665277,
        "energy": 17.564743,
        "activity_lines": [
          4890.222916,
          4917.542312,
          4838.957957,
          4788.830705
        ]
      },
      {
        "date": "2025-06-20",
        "close": 4821.78125,
        "volume": 160900,
        "typical_volume": 177080.0,
        "trend": 4731.197396,
        "fair_value": 3349.373275,
        "relative_strength": -1.684546,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 32.477811,
        "energy": 14.981075,
        "activity_lines": [
          4858.450423,
          4906.622123,
          4839.330018,
          4795.199772
        ]
      },
      {
        "date": "2025-06-27",
        "close": 4977.136719,
        "volume": 165800,
        "typical_volume": 177000.0,
        "trend": 4739.648145,
        "fair_value": 3369.108064,
        "relative_strength": 0.672524,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 38.157912,
        "energy": 17.060693,
        "activity_lines": [
          4894.264518,
          4918.868865,
          4854.127341,
          4811.066825
        ]
      },
      {
        "date": "2025-07-04",
        "close": 4998.418945,
        "volume": 101800,
        "typical_volume": 177370.0,
        "trend": 4749.988981,
        "fair_value": 3388.455062,
        "relative_strength": -0.287438,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 42.392391,
        "energy": 20.525333,
        "activity_lines": [
          4927.586426,
          4929.492906,
          4870.580992,
          4827.761716
        ]
      },
      {
        "date": "2025-07-11",
        "close": 4881.632813,
        "volume": 112000,
        "typical_volume": 177615.0,
        "trend": 4757.741716,
        "fair_value": 3407.533256,
        "relative_strength": -2.499528,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.008518,
        "energy": 22.485562,
        "activity_lines": [
          4919.939518,
          4916.650311,
          4875.564686,
          4836.254866
        ]
      },
      {
        "date": "2025-07-18",
        "close": 4978.275879,
        "volume": 119300,
        "typical_volume": 175135.0,
        "trend": 4775.547966,
        "fair_value": 3426.333465,
        "relative_strength": -1.59669,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.527981,
        "energy": 29.178816,
        "activity_lines": [
          4945.948145,
          4924.15989,
          4889.510377,
          4850.482877
        ]
      },
      {
        "date": "2025-07-25",
        "close": 4883.859863,
        "volume": 108600,
        "typical_volume": 169720.0,
        "trend": 4787.473226,
        "fair_value": 3443.766731,
        "relative_strength": -3.918105,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.841601,
        "energy": 23.140468,
        "activity_lines": [
          4930.085059,
          4916.811879,
          4894.460286,
          4857.470741
        ]
      },
      {
        "date": "2025-08-01",
        "close": 4712.105469,
        "volume": 165700,
        "typical_volume": 165790.0,
        "trend": 4796.211507,
        "fair_value": 3460.276383,
        "relative_strength": -5.598779,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 4.682423,
        "energy": 5.875438,
        "activity_lines": [
          4852.831934,
          4881.416575,
          4883.314137,
          4852.608305
        ]
      },
      {
        "date": "2025-08-08",
        "close": 4593.881348,
        "volume": 139800,
        "typical_volume": 160110.0,
        "trend": 4807.096371,
        "fair_value": 3476.031436,
        "relative_strength": -10.259166,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -25.827418,
        "energy": 29.189733,
        "activity_lines": [
          4753.839518,
          4826.730291,
          4860.802613,
          4839.554746
        ]
      },
      {
        "date": "2025-08-15",
        "close": 4347.655762,
        "volume": 301900,
        "typical_volume": 164165.0,
        "trend": 4805.884489,
        "fair_value": 3490.275309,
        "relative_strength": -15.27599,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -41.947654,
        "energy": 56.785575,
        "activity_lines": [
          4599.741081,
          4734.074556,
          4814.955206,
          4809.913417
        ]
      },
      {
        "date": "2025-08-22",
        "close": 4543.927734,
        "volume": 217100,
        "typical_volume": 162140.0,
        "trend": 4803.205599,
        "fair_value": 3506.506246,
        "relative_strength": -12.566849,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -60.357849,
        "energy": 68.915724,
        "activity_lines": [
          4546.665104,
          4687.206357,
          4788.799688,
          4793.012981
        ]
      },
      {
        "date": "2025-08-29",
        "close": 4544.356445,
        "volume": 238800,
        "typical_volume": 160355.0,
        "trend": 4796.551579,
        "fair_value": 3523.114097,
        "relative_strength": -13.003109,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.478454,
        "energy": 69.898843,
        "activity_lines": [
          4522.688574,
          4645.47706,
          4761.799833,
          4776.313036
        ]
      },
      {
        "date": "2025-09-05",
        "close": 4593.641602,
        "volume": 142300,
        "typical_volume": 159110.0,
        "trend": 4786.362272,
        "fair_value": 3539.611107,
        "relative_strength": -13.30155,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.925393,
        "energy": 61.741768,
        "activity_lines": [
          4537.773991,
          4617.752788,
          4739.484522,
          4763.222069
        ]
      },
      {
        "date": "2025-09-12",
        "close": 4387.013672,
        "volume": 195400,
        "typical_volume": 162610.0,
        "trend": 4768.414372,
        "fair_value": 3555.381226,
        "relative_strength": -17.586126,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.737761,
        "energy": 49.688651,
        "activity_lines": [
          4491.881022,
          4559.43244,
          4697.878095,
          4737.457643
        ]
      },
      {
        "date": "2025-09-19",
        "close": 4412.925293,
        "volume": 334000,
        "typical_volume": 172630.0,
        "trend": 4754.485514,
        "fair_value": 3571.573098,
        "relative_strength": -18.14877,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.445577,
        "energy": 43.485845,
        "activity_lines": [
          4468.416439,
          4516.939755,
          4661.066116,
          4714.522864
        ]
      },
      {
        "date": "2025-09-26",
        "close": 3656.358887,
        "volume": 518700,
        "typical_volume": 189170.0,
        "trend": 4710.448079,
        "fair_value": 3582.761529,
        "relative_strength": -31.746164,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -88.891871,
        "energy": 74.99626,
        "activity_lines": [
          4188.411751,
          4345.411497,
          4555.160414,
          4643.675985
        ]
      },
      {
        "date": "2025-10-03",
        "close": 4025.52124,
        "volume": 425900,
        "typical_volume": 201825.0,
        "trend": 4680.006274,
        "fair_value": 3596.573414,
        "relative_strength": -26.231068,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.295909,
        "energy": 74.54272,
        "activity_lines": [
          4090.632438,
          4265.038521,
          4491.312602,
          4599.487157
        ]
      },
      {
        "date": "2025-10-10",
        "close": 3932.273926,
        "volume": 242400,
        "typical_volume": 207240.0,
        "trend": 4654.753426,
        "fair_value": 3610.118899,
        "relative_strength": -26.057453,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.931544,
        "energy": 77.156651,
        "activity_lines": [
          3996.359701,
          4183.317645,
          4423.504482,
          4551.24636
        ]
      },
      {
        "date": "2025-10-17",
        "close": 3810.335205,
        "volume": 238800,
        "typical_volume": 208780.0,
        "trend": 4627.836019,
        "fair_value": 3622.551259,
        "relative_strength": -28.565835,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.873685,
        "energy": 80.988041,
        "activity_lines": [
          3905.531901,
          4093.604847,
          4348.373954,
          4496.767765
        ]
      },
      {
        "date": "2025-10-24",
        "close": 3778.626953,
        "volume": 267500,
        "typical_volume": 216230.0,
        "trend": 4601.873145,
        "fair_value": 3633.902521,
        "relative_strength": -29.346557,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.573593,
        "energy": 69.714146,
        "activity_lines": [
          3842.579915,
          4012.373207,
          4275.735412,
          4441.980083
        ]
      },
      {
        "date": "2025-10-31",
        "close": 3687.407959,
        "volume": 347000,
        "typical_volume": 227185.0,
        "trend": 4579.51866,
        "fair_value": 3645.842791,
        "relative_strength": -30.43698,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.420448,
        "energy": 61.149463,
        "activity_lines": [
          3791.508154,
          3924.902273,
          4199.764697,
          4382.982329
        ]
      },
      {
        "date": "2025-11-07",
        "close": 3382.391602,
        "volume": 342900,
        "typical_volume": 236285.0,
        "trend": 4540.851457,
        "fair_value": 3654.80602,
        "relative_strength": -35.001687,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -81.441863,
        "energy": 69.78081,
        "activity_lines": [
          3636.694336,
          3797.546906,
          4100.14896,
          4305.748326
        ]
      },
      {
        "date": "2025-11-14",
        "close": 3339.684082,
        "volume": 486400,
        "typical_volume": 252315.0,
        "trend": 4496.338729,
        "fair_value": 3663.325895,
        "relative_strength": -36.226162,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -78.593904,
        "energy": 78.252993,
        "activity_lines": [
          3510.519987,
          3683.553169,
          4003.320075,
          4228.253656
        ]
      },
      {
        "date": "2025-11-21",
        "close": 3288.135498,
        "volume": 303100,
        "typical_volume": 262380.0,
        "trend": 4443.422738,
        "fair_value": 3671.034538,
        "relative_strength": -36.362956,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.861498,
        "energy": 80.670568,
        "activity_lines": [
          3406.668766,
          3582.986191,
          3909.379196,
          4150.305061
        ]
      },
      {
        "date": "2025-11-28",
        "close": 3378.88501,
        "volume": 320300,
        "typical_volume": 272795.0,
        "trend": 4388.233179,
        "fair_value": 3679.006251,
        "relative_strength": -36.608772,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.461452,
        "energy": 78.006244,
        "activity_lines": [
          3367.880697,
          3518.898726,
          3832.225334,
          4081.625207
        ]
      },
      {
        "date": "2025-12-05",
        "close": 3322.51123,
        "volume": 262300,
        "typical_volume": 279945.0,
        "trend": 4328.807935,
        "fair_value": 3686.990951,
        "relative_strength": -36.979344,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.657936,
        "energy": 68.326953,
        "activity_lines": [
          3336.95083,
          3463.362216,
          3756.858482,
          4012.868953
        ]
      },
      {
        "date": "2025-12-12",
        "close": 3282.121338,
        "volume": 302400,
        "typical_volume": 289635.0,
        "trend": 4269.585221,
        "fair_value": 3694.530203,
        "relative_strength": -37.602983,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.339841,
        "energy": 58.821355,
        "activity_lines": [
          3316.884115,
          3406.552046,
          3685.529568,
          3945.340785
        ]
      },
      {
        "date": "2025-12-19",
        "close": 3373.120117,
        "volume": 450100,
        "typical_volume": 303855.0,
        "trend": 4220.911133,
        "fair_value": 3702.585945,
        "relative_strength": -35.783241,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.985471,
        "energy": 52.892078,
        "activity_lines": [
          3333.83501,
          3379.803471,
          3630.49453,
          3887.504327
        ]
      },
      {
        "date": "2025-12-26",
        "close": 3314.244141,
        "volume": 139600,
        "typical_volume": 303845.0,
        "trend": 4165.792025,
        "fair_value": 3710.349799,
        "relative_strength": -36.80509,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.339923,
        "energy": 57.13731,
        "activity_lines": [
          3328.93151,
          3352.516606,
          3576.228377,
          3829.009682
        ]
      },
      {
        "date": "2026-01-02",
        "close": 3237.188965,
        "volume": 188100,
        "typical_volume": 298155.0,
        "trend": 4110.256641,
        "fair_value": 3717.108377,
        "relative_strength": -37.491981,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.898654,
        "energy": 60.019198,
        "activity_lines": [
          3296.602376,
          3320.239546,
          3520.717147,
          3769.099807
        ]
      },
      {
        "date": "2026-01-09",
        "close": 3322.819336,
        "volume": 307000,
        "typical_volume": 302650.0,
        "trend": 4060.274609,
        "fair_value": 3723.979982,
        "relative_strength": -36.746435,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.620228,
        "energy": 52.7065,
        "activity_lines": [
          3302.263102,
          3313.375972,
          3478.649127,
          3718.297401
        ]
      },
      {
        "date": "2026-01-16",
        "close": 2843.337891,
        "volume": 610000,
        "typical_volume": 321210.0,
        "trend": 3994.326497,
        "fair_value": 3727.378388,
        "relative_strength": -46.00188,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -86.027871,
        "energy": 75.591719,
        "activity_lines": [
          3148.07614,
          3225.962837,
          3396.731009,
          3639.785354
        ]
      },
      {
        "date": "2026-01-23",
        "close": 2779.495117,
        "volume": 578200,
        "typical_volume": 343005.0,
        "trend": 3921.071777,
        "fair_value": 3730.177185,
        "relative_strength": -46.752769,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -83.272844,
        "energy": 79.535405,
        "activity_lines": [
          3001.860482,
          3136.742902,
          3316.832716,
          3561.409136
        ]
      },
      {
        "date": "2026-01-30",
        "close": 2511.500732,
        "volume": 619000,
        "typical_volume": 364185.0,
        "trend": 3838.174504,
        "fair_value": 3731.058713,
        "relative_strength": -49.383704,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -90.257693,
        "energy": 93.533981,
        "activity_lines": [
          2805.888363,
          3008.981969,
          3220.049941,
          3470.469069
        ]
      },
      {
        "date": "2026-02-06",
        "close": 2432.606445,
        "volume": 908300,
        "typical_volume": 392900.0,
        "trend": 3756.540291,
        "fair_value": 3731.535011,
        "relative_strength": -51.088415,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -86.132663,
        "energy": 94.442132,
        "activity_lines": [
          2637.134375,
          2880.997252,
          3124.684438,
          3379.787258
        ]
      },
      {
        "date": "2026-02-13",
        "close": 2355.30127,
        "volume": 450000,
        "typical_volume": 389465.0,
        "trend": 3669.107804,
        "fair_value": 3731.515066,
        "relative_strength": -52.782077,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -81.834855,
        "energy": 93.111747,
        "activity_lines": [
          2496.25083,
          2756.162114,
          3031.386627,
          3289.384741
        ]
      },
      {
        "date": "2026-02-20",
        "close": 2485.075928,
        "volume": 444400,
        "typical_volume": 390390.0,
        "trend": 3589.14834,
        "fair_value": 3732.665199,
        "relative_strength": -50.527927,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.221314,
        "energy": 87.300075,
        "activity_lines": [
          2463.126709,
          2672.508003,
          2956.64382,
          3212.995588
        ]
      },
      {
        "date": "2026-02-27",
        "close": 2519.196045,
        "volume": 478500,
        "typical_volume": 402195.0,
        "trend": 3516.051359,
        "fair_value": 3734.172437,
        "relative_strength": -49.814832,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.328221,
        "energy": 66.534285,
        "activity_lines": [
          2465.260091,
          2609.549285,
          2892.486001,
          3143.966407
        ]
      },
      {
        "date": "2026-03-06",
        "close": 2961.619141,
        "volume": 691800,
        "typical_volume": 424845.0,
        "trend": 3461.642619,
        "fair_value": 3738.554237,
        "relative_strength": -37.86204,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.250265,
        "energy": 53.770778,
        "activity_lines": [
          2632.22111,
          2642.557022,
          2877.192658,
          3108.196587
        ]
      },
      {
        "date": "2026-03-13",
        "close": 2522.614258,
        "volume": 566600,
        "typical_volume": 439800.0,
        "trend": 3400.807902,
        "fair_value": 3739.953862,
        "relative_strength": -45.36395,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.053062,
        "energy": 43.508173,
        "activity_lines": [
          2622.839274,
          2602.157054,
          2824.130832,
          3047.614112
        ]
      },
      {
        "date": "2026-03-20",
        "close": 2497.768555,
        "volume": 334300,
        "typical_volume": 439165.0,
        "trend": 3332.602596,
        "fair_value": 3740.714903,
        "relative_strength": -42.973805,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.912127,
        "energy": 39.561102,
        "activity_lines": [
          2599.175017,
          2570.231952,
          2774.68376,
          2989.353509
        ]
      },
      {
        "date": "2026-03-27",
        "close": 2358.889893,
        "volume": 410100,
        "typical_volume": 442525.0,
        "trend": 3259.753711,
        "fair_value": 3739.631916,
        "relative_strength": -46.416085,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.986968,
        "energy": 44.650465,
        "activity_lines": [
          2519.720052,
          2528.057107,
          2717.675099,
          2926.533334
        ]
      },
      {
        "date": "2026-04-03",
        "close": 2441.27002,
        "volume": 271600,
        "typical_volume": 431785.0,
        "trend": 3188.007992,
        "fair_value": 3738.793862,
        "relative_strength": -45.599692,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.600217,
        "energy": 47.946043,
        "activity_lines": [
          2476.137533,
          2509.668613,
          2673.385982,
          2873.727935
        ]
      },
      {
        "date": "2026-04-10",
        "close": 2295.179932,
        "volume": 322700,
        "typical_volume": 432765.0,
        "trend": 3118.2802,
        "fair_value": 3736.570392,
        "relative_strength": -48.843663,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.868393,
        "energy": 51.914833,
        "activity_lines": [
          2389.053386,
          2470.867831,
          2619.461685,
          2816.126125
        ]
      },
      {
        "date": "2026-04-17",
        "close": 2626.449951,
        "volume": 509000,
        "typical_volume": 442200.0,
        "trend": 3058.731022,
        "fair_value": 3736.532278,
        "relative_strength": -41.583621,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.964949,
        "energy": 42.97871,
        "activity_lines": [
          2456.821859,
          2496.231068,
          2601.815274,
          2784.395141
        ]
      },
      {
        "date": "2026-04-24",
        "close": 2409.561279,
        "volume": 236200,
        "typical_volume": 440895.0,
        "trend": 3017.171102,
        "fair_value": 3735.057972,
        "relative_strength": -44.682694,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.418552,
        "energy": 39.215539,
        "activity_lines": [
          2445.371729,
          2478.635574,
          2567.095823,
          2742.513222
        ]
      },
      {
        "date": "2026-05-01",
        "close": 2440.695313,
        "volume": 206000,
        "typical_volume": 436075.0,
        "trend": 2964.343571,
        "fair_value": 3734.090151,
        "relative_strength": -42.841962,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.08367,
        "energy": 35.816251,
        "activity_lines": [
          2450.180095,
          2465.714267,
          2539.688899,
          2705.321236
        ]
      },
      {
        "date": "2026-05-08",
        "close": 2570.288818,
        "volume": 271200,
        "typical_volume": 427130.0,
        "trend": 2918.944067,
        "fair_value": 3734.402763,
        "relative_strength": -38.963689,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.480044,
        "energy": 23.20695,
        "activity_lines": [
          2492.732601,
          2477.162336,
          2528.631004,
          2679.898348
        ]
      },
      {
        "date": "2026-05-15",
        "close": 2610.997803,
        "volume": 291700,
        "typical_volume": 434735.0,
        "trend": 2878.966154,
        "fair_value": 3733.724965,
        "relative_strength": -36.38477,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.962474,
        "energy": 20.99016,
        "activity_lines": [
          2540.253516,
          2495.083079,
          2525.273161,
          2660.030847
        ]
      },
      {
        "date": "2026-05-22",
        "close": 2720.081787,
        "volume": 303900,
        "typical_volume": 440525.0,
        "trend": 2843.681315,
        "fair_value": 3734.004395,
        "relative_strength": -33.822148,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -13.681172,
        "energy": 10.724675,
        "activity_lines": [
          2603.081234,
          2539.212207,
          2535.653061,
          2649.780243
        ]
      },
      {
        "date": "2026-05-29",
        "close": 2821.379639,
        "volume": 266400,
        "typical_volume": 438495.0,
        "trend": 2814.813705,
        "fair_value": 3734.378626,
        "relative_strength": -30.731611,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -0.838941,
        "energy": 13.026392,
        "activity_lines": [
          2693.43278,
          2598.168808,
          2558.142791,
          2648.341425
        ]
      },
      {
        "date": "2026-06-05",
        "close": 2967.794434,
        "volume": 82500,
        "typical_volume": 412120.0,
        "trend": 2800.993799,
        "fair_value": 3736.158479,
        "relative_strength": -25.164322,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 30.296903,
        "energy": 35.895013,
        "activity_lines": [
          2805.134701,
          2677.862442,
          2596.964595,
          2658.21115
        ]
      },
      {
        "date": "2026-06-12",
        "close": 2922.497559,
        "volume": 73000,
        "typical_volume": 386860.0,
        "trend": 2787.087582,
        "fair_value": 3737.537706,
        "relative_strength": -26.202101,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 28.879029,
        "energy": 50.680953,
        "activity_lines": [
          2866.597722,
          2738.24929,
          2630.879761,
          2666.050102
        ]
      },
      {
        "date": "2026-06-19",
        "close": 2772.610107,
        "volume": 96900,
        "typical_volume": 360755.0,
        "trend": 2769.903402,
        "fair_value": 3738.324072,
        "relative_strength": -28.808833,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 22.565292,
        "energy": 46.948594,
        "activity_lines": [
          2854.617676,
          2762.634282,
          2649.838967,
          2665.116071
        ]
      },
      {
        "date": "2026-06-26",
        "close": 2818.02002,
        "volume": 45400,
        "typical_volume": 317610.0,
        "trend": 2751.207902,
        "fair_value": 3738.866576,
        "relative_strength": -26.318474,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 30.90209,
        "energy": 44.51093,
        "activity_lines": [
          2847.000114,
          2786.595073,
          2671.879549,
          2668.220369
        ]
      },
      {
        "date": "2026-07-03",
        "close": 2806.050049,
        "volume": 20500,
        "typical_volume": 296135.0,
        "trend": 2733.992529,
        "fair_value": 3739.875732,
        "relative_strength": -25.815614,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 26.712413,
        "energy": 24.674356,
        "activity_lines": [
          2828.863347,
          2804.896414,
          2690.944831,
          2671.758572
        ]
      },
      {
        "date": "2026-07-10",
        "close": 2802.139893,
        "volume": 223300,
        "typical_volume": 285080.0,
        "trend": 2717.993148,
        "fair_value": 3740.614688,
        "relative_strength": -24.673604,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 13.495968,
        "energy": 14.568972,
        "activity_lines": [
          2810.445166,
          2815.27793,
          2707.491295,
          2676.155176
        ]
      },
      {
        "date": "2026-07-17",
        "close": 2800.76001,
        "volume": 284000,
        "typical_volume": 275355.0,
        "trend": 2698.914478,
        "fair_value": 3740.620951,
        "relative_strength": -23.180454,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 11.958328,
        "energy": 14.301168,
        "activity_lines": [
          2802.610661,
          2818.836839,
          2722.396512,
          2681.494974
        ]
      },
      {
        "date": "2026-07-24",
        "close": 2667.23999,
        "volume": 273800,
        "typical_volume": 254455.0,
        "trend": 2677.347673,
        "fair_value": 3739.937547,
        "relative_strength": -25.646556,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 30.37705,
        "energy": 16.780845,
        "activity_lines": [
          2758.385319,
          2793.928995,
          2723.244757,
          2679.451459
        ]
      },
      {
        "date": "2026-07-31",
        "close": 3002.98999,
        "volume": 369700,
        "typical_volume": 244610.0,
        "trend": 2669.54104,
        "fair_value": 3742.020181,
        "relative_strength": -14.50208,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 63.033383,
        "energy": 31.991488,
        "activity_lines": [
          2833.101318,
          2829.044021,
          2757.470997,
          2700.46064
        ]
      },
      {
        "date": "2026-08-07",
        "close": 3221.600098,
        "volume": 291600,
        "typical_volume": 242475.0,
        "trend": 2666.167066,
        "fair_value": 3745.038789,
        "relative_strength": -9.852436,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.954285,
        "energy": 62.675009,
        "activity_lines": [
          2968.356022,
          2898.762553,
          2810.229745,
          2736.077354
        ]
      }
    ],
    "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."
    }
  }
}