{
  "ticker": {
    "uuid": "a15b536f-65ca-49ef-858b-52182e713f53",
    "symbol": "V3MB",
    "name": "Vanguard ESG Emerging Markets All Cap UCITS ETF USD Acc",
    "exchange": "LSE",
    "country": "GB",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^FTSE",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 67.603,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 34.238,
    "architecture_energy": 23.416,
    "architecture_maturity": 64.222,
    "architecture_confidence": 82.911,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 43.9,
        "rotation_up": 26.11,
        "upward_expansion": 56.35,
        "deceleration": 88.21,
        "rotation_down": 35.67,
        "downward_expansion": 20.02
      },
      "activity_lines": [
        6.936667,
        6.992691,
        6.97754,
        6.874378
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 7.054,
    "trend_reference": 6.749117,
    "distance_from_trend": 0.045174,
    "trend_direction": "Improving",
    "fair_value": 5.495114,
    "distance_from_fair_value": 0.283686,
    "fair_value_direction": "Weakening",
    "relative_strength": 0.650135,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.081487,
    "excess_performance": 0.030252,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.045174,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.042227,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.283686,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.041854,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.006501,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.080137,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.081487,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.843109,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 164300,
      "relative_activity": 0.938483,
      "balance": 0.843109,
      "dry_up": 0.908291,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.034072,
      "annualized_volatility": 0.178124,
      "from_high_reference": -0.040272,
      "from_low_reference": 0.241901
    },
    "levels": {
      "trend_reference": 6.749117,
      "fair_value_reference": 5.495114,
      "structural_low": 5.992,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 4,
        "median_return": 0.032946,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.006837,
        "regime_survival": 0.25,
        "best_return": 0.075175,
        "worst_return": -0.004235,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.042824,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.005264,
        "regime_survival": 0.0,
        "best_return": 0.140416,
        "worst_return": 0.034266,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.074096,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.003875,
        "regime_survival": 0.0,
        "best_return": 0.153746,
        "worst_return": -0.005553,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.141647,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.012987,
        "regime_survival": 0.0,
        "best_return": 0.141647,
        "worst_return": 0.141647,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-23",
        "end": "2024-09-27",
        "tenure": "Developing",
        "return": 0.060702,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-04",
        "end": "2024-11-15",
        "tenure": "Developing",
        "return": -0.029007,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-22",
        "end": "2024-12-13",
        "tenure": "New",
        "return": 0.014494,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-20",
        "end": "2025-03-28",
        "tenure": "Established",
        "return": -0.014367,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-04",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.004562,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-05-23",
        "tenure": "Developing",
        "return": 0.080865,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-30",
        "end": "2025-06-06",
        "tenure": "New",
        "return": 0.020308,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-13",
        "end": "2025-07-18",
        "tenure": "Developing",
        "return": 0.065352,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-25",
        "end": "2025-12-05",
        "tenure": "Established",
        "return": 0.08494,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-12-12",
        "end": "2026-01-09",
        "tenure": "Developing",
        "return": 0.045715,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-16",
        "end": "2026-03-27",
        "tenure": "Developing",
        "return": -0.051857,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-04-03",
        "end": "2026-04-24",
        "tenure": "New",
        "return": 0.08328,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-01",
        "end": "2026-07-17",
        "tenure": "Developing",
        "return": 0.0034,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.024323,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 4.39025,
        "volume": 6230,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-08-25",
        "close": 4.48625,
        "volume": 5,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-01",
        "close": 4.561,
        "volume": 25,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-08",
        "close": 4.52175,
        "volume": 118,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-15",
        "close": 4.58425,
        "volume": 24,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-22",
        "close": 4.57625,
        "volume": 11,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-29",
        "close": 4.55875,
        "volume": 15,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-06",
        "close": 4.5195,
        "volume": 11,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-13",
        "close": 4.56025,
        "volume": 70,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-20",
        "close": 4.4225,
        "volume": 48,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-27",
        "close": 4.426,
        "volume": 32,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-03",
        "close": 4.53575,
        "volume": 47,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-10",
        "close": 4.56475,
        "volume": 142,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-17",
        "close": 4.60625,
        "volume": 1912,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-24",
        "close": 4.56375,
        "volume": 6469,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-01",
        "close": 4.54575,
        "volume": 6360,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-08",
        "close": 4.5335,
        "volume": 29382,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-15",
        "close": 4.60825,
        "volume": 8632,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-22",
        "close": 4.568,
        "volume": 27903,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-29",
        "close": 4.67375,
        "volume": 20360,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-05",
        "close": 4.611,
        "volume": 54066,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-12",
        "close": 4.58425,
        "volume": 20830,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-19",
        "close": 4.5025,
        "volume": 20270,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-26",
        "close": 4.57475,
        "volume": 35112,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-02",
        "close": 4.527,
        "volume": 52933,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-09",
        "close": 4.64175,
        "volume": 23424,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-16",
        "close": 4.739,
        "volume": 26474,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-23",
        "close": 4.74225,
        "volume": 282882,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-01",
        "close": 4.76775,
        "volume": 45456,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-08",
        "close": 4.744,
        "volume": 76125,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-15",
        "close": 4.7785,
        "volume": 22779,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-22",
        "close": 4.81725,
        "volume": 54617,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-29",
        "close": 4.815,
        "volume": 80303,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-05",
        "close": 4.838,
        "volume": 73405,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-12",
        "close": 4.8535,
        "volume": 179476,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-19",
        "close": 4.743,
        "volume": 74324,
        "typical_volume": 60437.65,
        "trend": 4.632208,
        "fair_value": 4.585119,
        "relative_strength": -0.274458,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.147816,
        "energy": 43.883446,
        "activity_lines": [
          4.806017,
          4.796714,
          4.734225,
          4.689172
        ]
      },
      {
        "date": "2024-04-26",
        "close": 4.867,
        "volume": 66961,
        "typical_volume": 62316.6,
        "trend": 4.642483,
        "fair_value": 4.588599,
        "relative_strength": -0.83643,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.896865,
        "energy": 47.519277,
        "activity_lines": [
          4.8239,
          4.811836,
          4.751735,
          4.704319
        ]
      },
      {
        "date": "2024-05-03",
        "close": 4.9695,
        "volume": 78128,
        "typical_volume": 65791.4,
        "trend": 4.657483,
        "fair_value": 4.593244,
        "relative_strength": 0.236988,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.455202,
        "energy": 55.214541,
        "activity_lines": [
          4.872633,
          4.843268,
          4.777418,
          4.725417
        ]
      },
      {
        "date": "2024-05-10",
        "close": 4.991,
        "volume": 55620,
        "typical_volume": 67177.25,
        "trend": 4.671842,
        "fair_value": 4.598036,
        "relative_strength": -2.01787,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.449729,
        "energy": 68.328577,
        "activity_lines": [
          4.918233,
          4.874477,
          4.803429,
          4.746934
        ]
      },
      {
        "date": "2024-05-17",
        "close": 5.0715,
        "volume": 38757,
        "typical_volume": 68097.1,
        "trend": 4.693475,
        "fair_value": 4.603673,
        "relative_strength": -0.355371,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.74502,
        "energy": 90.391132,
        "activity_lines": [
          4.980467,
          4.916264,
          4.835092,
          4.772719
        ]
      },
      {
        "date": "2024-05-24",
        "close": 4.96525,
        "volume": 41512,
        "typical_volume": 67469.4,
        "trend": 4.71145,
        "fair_value": 4.607926,
        "relative_strength": -1.251419,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.239848,
        "energy": 81.512091,
        "activity_lines": [
          4.99275,
          4.932777,
          4.854742,
          4.790253
        ]
      },
      {
        "date": "2024-05-31",
        "close": 4.8265,
        "volume": 48735,
        "typical_volume": 68864.65,
        "trend": 4.721142,
        "fair_value": 4.610468,
        "relative_strength": -3.481163,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.546431,
        "energy": 50.983264,
        "activity_lines": [
          4.943967,
          4.920668,
          4.85949,
          4.797675
        ]
      },
      {
        "date": "2024-06-07",
        "close": 4.92225,
        "volume": 128880,
        "typical_volume": 74295.15,
        "trend": 4.733058,
        "fair_value": 4.614052,
        "relative_strength": -1.191516,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.90554,
        "energy": 42.230965,
        "activity_lines": [
          4.9298,
          4.9258,
          4.872205,
          4.81065
        ]
      },
      {
        "date": "2024-06-14",
        "close": 4.966,
        "volume": 65614,
        "typical_volume": 75820.25,
        "trend": 4.74505,
        "fair_value": 4.618051,
        "relative_strength": 0.858624,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.443483,
        "energy": 32.260734,
        "activity_lines": [
          4.933367,
          4.936936,
          4.887087,
          4.825678
        ]
      },
      {
        "date": "2024-06-21",
        "close": 5.057,
        "volume": 88177,
        "typical_volume": 77582.45,
        "trend": 4.761492,
        "fair_value": 4.622983,
        "relative_strength": 1.51045,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.891416,
        "energy": 42.892759,
        "activity_lines": [
          4.968933,
          4.962291,
          4.908773,
          4.845804
        ]
      },
      {
        "date": "2024-06-28",
        "close": 5.028,
        "volume": 63998,
        "typical_volume": 79611.15,
        "trend": 4.777567,
        "fair_value": 4.627483,
        "relative_strength": 1.777976,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.838067,
        "energy": 47.511043,
        "activity_lines": [
          4.9958,
          4.978673,
          4.925173,
          4.862998
        ]
      },
      {
        "date": "2024-07-05",
        "close": 5.0395,
        "volume": 45028,
        "typical_volume": 80538.85,
        "trend": 4.794433,
        "fair_value": 4.632011,
        "relative_strength": 1.502188,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.907225,
        "energy": 60.181625,
        "activity_lines": [
          5.022317,
          4.991964,
          4.940829,
          4.879897
        ]
      },
      {
        "date": "2024-07-12",
        "close": 5.0945,
        "volume": 44371,
        "typical_volume": 68613.3,
        "trend": 4.810642,
        "fair_value": 4.637038,
        "relative_strength": 1.960373,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.176325,
        "energy": 69.273036,
        "activity_lines": [
          5.052967,
          5.012118,
          4.960292,
          4.899256
        ]
      },
      {
        "date": "2024-07-19",
        "close": 4.9655,
        "volume": 55373,
        "typical_volume": 69109.15,
        "trend": 4.823892,
        "fair_value": 4.64057,
        "relative_strength": 0.50334,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.795865,
        "energy": 44.673141,
        "activity_lines": [
          5.029133,
          5.006545,
          4.965792,
          4.909247
        ]
      },
      {
        "date": "2024-07-26",
        "close": 4.91825,
        "volume": 100018,
        "typical_volume": 70303.8,
        "trend": 4.832042,
        "fair_value": 4.643524,
        "relative_strength": -1.960959,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 43.038391,
        "energy": 28.029761,
        "activity_lines": [
          4.989583,
          4.992845,
          4.96585,
          4.915335
        ]
      },
      {
        "date": "2024-08-02",
        "close": 4.8485,
        "volume": 68045,
        "typical_volume": 72567.1,
        "trend": 4.839958,
        "fair_value": 4.645682,
        "relative_strength": -1.97984,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 16.718122,
        "energy": 13.691125,
        "activity_lines": [
          4.936033,
          4.96925,
          4.958436,
          4.916397
        ]
      },
      {
        "date": "2024-08-09",
        "close": 4.9505,
        "volume": 38384,
        "typical_volume": 71755.45,
        "trend": 4.852167,
        "fair_value": 4.648857,
        "relative_strength": 0.142926,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 25.224118,
        "energy": 19.673816,
        "activity_lines": [
          4.92845,
          4.966323,
          4.960402,
          4.923528
        ]
      },
      {
        "date": "2024-08-16",
        "close": 5.0215,
        "volume": 38844,
        "typical_volume": 69682.5,
        "trend": 4.869467,
        "fair_value": 4.652698,
        "relative_strength": -0.171092,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 36.001044,
        "energy": 19.94851,
        "activity_lines": [
          4.950467,
          4.97405,
          4.968496,
          4.934453
        ]
      },
      {
        "date": "2024-08-23",
        "close": 4.96275,
        "volume": 45917,
        "typical_volume": 68308.1,
        "trend": 4.8824,
        "fair_value": 4.655862,
        "relative_strength": -1.485149,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 18.417835,
        "energy": 9.924764,
        "activity_lines": [
          4.957767,
          4.969291,
          4.970012,
          4.940472
        ]
      },
      {
        "date": "2024-08-30",
        "close": 4.931,
        "volume": 59432,
        "typical_volume": 62305.9,
        "trend": 4.895867,
        "fair_value": 4.658641,
        "relative_strength": -2.616432,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 15.666469,
        "energy": 9.923374,
        "activity_lines": [
          4.954667,
          4.958818,
          4.96791,
          4.943607
        ]
      },
      {
        "date": "2024-09-06",
        "close": 4.8165,
        "volume": 64836,
        "typical_volume": 61831.5,
        "trend": 4.901692,
        "fair_value": 4.66022,
        "relative_strength": -2.559946,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": -5.913509,
        "energy": 8.099988,
        "activity_lines": [
          4.91255,
          4.929818,
          4.954533,
          4.938487
        ]
      },
      {
        "date": "2024-09-13",
        "close": 4.9425,
        "volume": 51296,
        "typical_volume": 61048.25,
        "trend": 4.908475,
        "fair_value": 4.663015,
        "relative_strength": -1.127241,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 10.622231,
        "energy": 11.555525,
        "activity_lines": [
          4.914567,
          4.927573,
          4.952807,
          4.941119
        ]
      },
      {
        "date": "2024-09-20",
        "close": 4.98325,
        "volume": 60226,
        "typical_volume": 60153.15,
        "trend": 4.916508,
        "fair_value": 4.666154,
        "relative_strength": 0.178326,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 18.870718,
        "energy": 12.436806,
        "activity_lines": [
          4.9307,
          4.9345,
          4.954602,
          4.945944
        ]
      },
      {
        "date": "2024-09-27",
        "close": 5.264,
        "volume": 36410,
        "typical_volume": 59192.65,
        "trend": 4.93305,
        "fair_value": 4.671959,
        "relative_strength": 4.556248,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 70.349571,
        "energy": 49.307754,
        "activity_lines": [
          5.042967,
          4.994495,
          4.98307,
          4.968362
        ]
      },
      {
        "date": "2024-10-04",
        "close": 5.4125,
        "volume": 110512,
        "typical_volume": 62780.4,
        "trend": 4.955333,
        "fair_value": 4.679079,
        "relative_strength": 7.854283,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.147865,
        "energy": 77.920147,
        "activity_lines": [
          5.18465,
          5.076064,
          5.024381,
          4.999295
        ]
      },
      {
        "date": "2024-10-11",
        "close": 5.3655,
        "volume": 104376,
        "typical_volume": 65923.6,
        "trend": 4.9749,
        "fair_value": 4.685617,
        "relative_strength": 7.096227,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.696333,
        "energy": 81.539194,
        "activity_lines": [
          5.278567,
          5.1401,
          5.059592,
          5.025757
        ]
      },
      {
        "date": "2024-10-18",
        "close": 5.386,
        "volume": 104624,
        "typical_volume": 68718.05,
        "trend": 4.993858,
        "fair_value": 4.692224,
        "relative_strength": 6.002451,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.094414,
        "energy": 84.712316,
        "activity_lines": [
          5.342717,
          5.198464,
          5.094849,
          5.05228
        ]
      },
      {
        "date": "2024-10-25",
        "close": 5.33,
        "volume": 61777,
        "typical_volume": 65362.9,
        "trend": 5.011025,
        "fair_value": 4.698185,
        "relative_strength": 6.161412,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.572744,
        "energy": 81.718373,
        "activity_lines": [
          5.358633,
          5.238727,
          5.122108,
          5.073966
        ]
      },
      {
        "date": "2024-11-01",
        "close": 5.2885,
        "volume": 95416,
        "typical_volume": 66853.0,
        "trend": 5.026042,
        "fair_value": 4.70365,
        "relative_strength": 6.138892,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.608806,
        "energy": 69.888816,
        "activity_lines": [
          5.3376,
          5.265836,
          5.143474,
          5.091868
        ]
      },
      {
        "date": "2024-11-08",
        "close": 5.321,
        "volume": 64690,
        "typical_volume": 65678.65,
        "trend": 5.041625,
        "fair_value": 4.709314,
        "relative_strength": 8.044594,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.08404,
        "energy": 52.069821,
        "activity_lines": [
          5.325767,
          5.292932,
          5.166399,
          5.110897
        ]
      },
      {
        "date": "2024-11-15",
        "close": 5.2555,
        "volume": 100860,
        "typical_volume": 67521.75,
        "trend": 5.058708,
        "fair_value": 4.71428,
        "relative_strength": 6.703439,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 46.897387,
        "energy": 37.865773,
        "activity_lines": [
          5.2982,
          5.301027,
          5.181829,
          5.124696
        ]
      },
      {
        "date": "2024-11-22",
        "close": 5.3125,
        "volume": 138228,
        "typical_volume": 72181.75,
        "trend": 5.073558,
        "fair_value": 4.719669,
        "relative_strength": 5.158297,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 45.320485,
        "energy": 34.304181,
        "activity_lines": [
          5.296967,
          5.311505,
          5.201604,
          5.141069
        ]
      },
      {
        "date": "2024-11-29",
        "close": 5.2525,
        "volume": 174598,
        "typical_volume": 78693.1,
        "trend": 5.082992,
        "fair_value": 4.724426,
        "relative_strength": 3.556542,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.356624,
        "energy": 29.070843,
        "activity_lines": [
          5.280633,
          5.304345,
          5.214364,
          5.152614
        ]
      },
      {
        "date": "2024-12-06",
        "close": 5.3445,
        "volume": 96811,
        "typical_volume": 80765.0,
        "trend": 5.094775,
        "fair_value": 4.729914,
        "relative_strength": 4.957976,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 48.236917,
        "energy": 31.116313,
        "activity_lines": [
          5.300133,
          5.309018,
          5.235135,
          5.169485
        ]
      },
      {
        "date": "2024-12-13",
        "close": 5.3895,
        "volume": 41288,
        "typical_volume": 77828.5,
        "trend": 5.105375,
        "fair_value": 4.7357,
        "relative_strength": 5.811162,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 63.719848,
        "energy": 40.117039,
        "activity_lines": [
          5.3309,
          5.320409,
          5.258386,
          5.1885
        ]
      },
      {
        "date": "2024-12-20",
        "close": 5.29,
        "volume": 79786,
        "typical_volume": 78415.55,
        "trend": 5.1162,
        "fair_value": 4.74052,
        "relative_strength": 6.425568,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 52.10703,
        "energy": 32.821392,
        "activity_lines": [
          5.323933,
          5.314127,
          5.269917,
          5.200411
        ]
      },
      {
        "date": "2024-12-27",
        "close": 5.312,
        "volume": 40871,
        "typical_volume": 78539.9,
        "trend": 5.132383,
        "fair_value": 4.745446,
        "relative_strength": 5.856197,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 52.561488,
        "energy": 34.664891,
        "activity_lines": [
          5.322,
          5.313218,
          5.28144,
          5.213044
        ]
      },
      {
        "date": "2025-01-03",
        "close": 5.3335,
        "volume": 101551,
        "typical_volume": 81675.25,
        "trend": 5.146092,
        "fair_value": 4.750472,
        "relative_strength": 5.165128,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 53.173263,
        "energy": 34.182709,
        "activity_lines": [
          5.327267,
          5.317564,
          5.29329,
          5.226019
        ]
      },
      {
        "date": "2025-01-10",
        "close": 5.2905,
        "volume": 123052,
        "typical_volume": 85532.0,
        "trend": 5.156908,
        "fair_value": 4.755049,
        "relative_strength": 3.877294,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 39.475026,
        "energy": 23.770617,
        "activity_lines": [
          5.3128,
          5.314027,
          5.29956,
          5.235335
        ]
      },
      {
        "date": "2025-01-17",
        "close": 5.438,
        "volume": 138559,
        "typical_volume": 89488.35,
        "trend": 5.169608,
        "fair_value": 4.760788,
        "relative_strength": 3.434928,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.004507,
        "energy": 39.108717,
        "activity_lines": [
          5.3511,
          5.337273,
          5.318315,
          5.25347
        ]
      },
      {
        "date": "2025-01-24",
        "close": 5.414,
        "volume": 102678,
        "typical_volume": 91380.45,
        "trend": 5.182475,
        "fair_value": 4.766231,
        "relative_strength": 2.89202,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.425317,
        "energy": 43.312233,
        "activity_lines": [
          5.378167,
          5.354027,
          5.332371,
          5.269238
        ]
      },
      {
        "date": "2025-01-31",
        "close": 5.438,
        "volume": 163438,
        "typical_volume": 96987.55,
        "trend": 5.195758,
        "fair_value": 4.771783,
        "relative_strength": 1.201417,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.737004,
        "energy": 46.050667,
        "activity_lines": [
          5.404967,
          5.372264,
          5.345868,
          5.285723
        ]
      },
      {
        "date": "2025-02-07",
        "close": 5.472,
        "volume": 158563,
        "typical_volume": 101904.4,
        "trend": 5.208342,
        "fair_value": 4.777523,
        "relative_strength": 1.473708,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.112979,
        "energy": 59.079172,
        "activity_lines": [
          5.4347,
          5.3944,
          5.360243,
          5.303545
        ]
      },
      {
        "date": "2025-02-14",
        "close": 5.46,
        "volume": 113275,
        "typical_volume": 105747.65,
        "trend": 5.224825,
        "fair_value": 4.783071,
        "relative_strength": 0.846572,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.90237,
        "energy": 53.531883,
        "activity_lines": [
          5.4512,
          5.410364,
          5.371148,
          5.319781
        ]
      },
      {
        "date": "2025-02-21",
        "close": 5.54,
        "volume": 87504,
        "typical_volume": 104597.25,
        "trend": 5.24555,
        "fair_value": 4.789175,
        "relative_strength": 3.109946,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.838409,
        "energy": 59.006794,
        "activity_lines": [
          5.483067,
          5.438773,
          5.388738,
          5.340115
        ]
      },
      {
        "date": "2025-02-28",
        "close": 5.319,
        "volume": 138427,
        "typical_volume": 106299.8,
        "trend": 5.261233,
        "fair_value": 4.793414,
        "relative_strength": -2.641448,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 48.783257,
        "energy": 31.889594,
        "activity_lines": [
          5.434467,
          5.424264,
          5.384674,
          5.344854
        ]
      },
      {
        "date": "2025-03-07",
        "close": 5.298,
        "volume": 114441,
        "typical_volume": 106790.65,
        "trend": 5.272817,
        "fair_value": 4.797419,
        "relative_strength": -1.548287,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 26.064376,
        "energy": 14.030438,
        "activity_lines": [
          5.3852,
          5.405409,
          5.378831,
          5.347226
        ]
      },
      {
        "date": "2025-03-14",
        "close": 5.312,
        "volume": 103744,
        "typical_volume": 108889.0,
        "trend": 5.2825,
        "fair_value": 4.80147,
        "relative_strength": -0.734506,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 19.200886,
        "energy": 13.995763,
        "activity_lines": [
          5.349933,
          5.389355,
          5.37474,
          5.349754
        ]
      },
      {
        "date": "2025-03-21",
        "close": 5.316,
        "volume": 81664,
        "typical_volume": 108201.4,
        "trend": 5.294275,
        "fair_value": 4.80549,
        "relative_strength": -0.849078,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 15.370533,
        "energy": 20.151326,
        "activity_lines": [
          5.326667,
          5.374418,
          5.371117,
          5.351915
        ]
      },
      {
        "date": "2025-03-28",
        "close": 5.214,
        "volume": 126985,
        "typical_volume": 111316.15,
        "trend": 5.303708,
        "fair_value": 4.808657,
        "relative_strength": -2.877462,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "mixed",
        "direction": -27.565597,
        "energy": 27.564251,
        "activity_lines": [
          5.279,
          5.340473,
          5.357648,
          5.346736
        ]
      },
      {
        "date": "2025-04-04",
        "close": 4.87775,
        "volume": 140041,
        "typical_volume": 113275.2,
        "trend": 5.30575,
        "fair_value": 4.809188,
        "relative_strength": -2.31085,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -60.88431,
        "energy": 65.517244,
        "activity_lines": [
          5.140983,
          5.249464,
          5.312664,
          5.319255
        ]
      },
      {
        "date": "2025-04-11",
        "close": 4.8555,
        "volume": 149061,
        "typical_volume": 113816.85,
        "trend": 5.30285,
        "fair_value": 4.809542,
        "relative_strength": -1.655857,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -83.065941,
        "energy": 80.261466,
        "activity_lines": [
          5.024967,
          5.164159,
          5.267361,
          5.290206
        ]
      },
      {
        "date": "2025-04-18",
        "close": 4.88775,
        "volume": 134823,
        "typical_volume": 111828.1,
        "trend": 5.299667,
        "fair_value": 4.810134,
        "relative_strength": -4.699161,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.686548,
        "energy": 82.224352,
        "activity_lines": [
          4.9492,
          5.095309,
          5.227305,
          5.263426
        ]
      },
      {
        "date": "2025-04-25",
        "close": 4.9965,
        "volume": 74217,
        "typical_volume": 110698.4,
        "trend": 5.29075,
        "fair_value": 4.811536,
        "relative_strength": -4.182418,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.68017,
        "energy": 77.694485,
        "activity_lines": [
          4.937967,
          5.056855,
          5.199343,
          5.243867
        ]
      },
      {
        "date": "2025-05-02",
        "close": 5.214,
        "volume": 74704,
        "typical_volume": 112369.2,
        "trend": 5.284133,
        "fair_value": 4.814539,
        "relative_strength": -2.122429,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.258282,
        "energy": 48.588103,
        "activity_lines": [
          5.020533,
          5.066373,
          5.193752,
          5.238915
        ]
      },
      {
        "date": "2025-05-09",
        "close": 5.221,
        "volume": 131635,
        "typical_volume": 114961.65,
        "trend": 5.279317,
        "fair_value": 4.81755,
        "relative_strength": -1.570979,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -42.585324,
        "energy": 26.845505,
        "activity_lines": [
          5.105433,
          5.083091,
          5.189664,
          5.234842
        ]
      },
      {
        "date": "2025-05-16",
        "close": 5.379,
        "volume": 92910,
        "typical_volume": 117563.6,
        "trend": 5.279083,
        "fair_value": 4.821678,
        "relative_strength": -0.160799,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -13.001962,
        "energy": 18.464452,
        "activity_lines": [
          5.220117,
          5.130318,
          5.200952,
          5.241273
        ]
      },
      {
        "date": "2025-05-23",
        "close": 5.283,
        "volume": 348989,
        "typical_volume": 129935.5,
        "trend": 5.277517,
        "fair_value": 4.825046,
        "relative_strength": -2.345662,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -17.939557,
        "energy": 24.974286,
        "activity_lines": [
          5.2679,
          5.158618,
          5.202779,
          5.241526
        ]
      },
      {
        "date": "2025-05-30",
        "close": 5.2195,
        "volume": 108480,
        "typical_volume": 129206.9,
        "trend": 5.275217,
        "fair_value": 4.827904,
        "relative_strength": -4.152663,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -17.91433,
        "energy": 23.068433,
        "activity_lines": [
          5.268167,
          5.1759,
          5.198798,
          5.237783
        ]
      },
      {
        "date": "2025-06-06",
        "close": 5.3255,
        "volume": 145550,
        "typical_volume": 129556.45,
        "trend": 5.275367,
        "fair_value": 4.831484,
        "relative_strength": -2.947782,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 16.580458,
        "energy": 21.228122,
        "activity_lines": [
          5.2889,
          5.214209,
          5.20525,
          5.241027
        ]
      },
      {
        "date": "2025-06-13",
        "close": 5.348,
        "volume": 130069,
        "typical_volume": 130926.0,
        "trend": 5.27845,
        "fair_value": 4.835173,
        "relative_strength": -2.661592,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 18.244699,
        "energy": 18.745414,
        "activity_lines": [
          5.3097,
          5.254582,
          5.214381,
          5.245713
        ]
      },
      {
        "date": "2025-06-20",
        "close": 5.3115,
        "volume": 56869,
        "typical_volume": 125597.55,
        "trend": 5.278417,
        "fair_value": 4.838551,
        "relative_strength": -2.463834,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 15.180561,
        "energy": 15.865959,
        "activity_lines": [
          5.309867,
          5.279768,
          5.22035,
          5.247845
        ]
      },
      {
        "date": "2025-06-27",
        "close": 5.435,
        "volume": 108664,
        "typical_volume": 123102.6,
        "trend": 5.2845,
        "fair_value": 4.842752,
        "relative_strength": -0.4761,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 27.586073,
        "energy": 28.770306,
        "activity_lines": [
          5.3557,
          5.319118,
          5.238683,
          5.257947
        ]
      },
      {
        "date": "2025-07-04",
        "close": 5.487,
        "volume": 275340,
        "typical_volume": 131205.85,
        "trend": 5.28925,
        "fair_value": 4.847257,
        "relative_strength": 0.179129,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 32.858872,
        "energy": 45.986186,
        "activity_lines": [
          5.408733,
          5.357973,
          5.262145,
          5.271012
        ]
      },
      {
        "date": "2025-07-11",
        "close": 5.5415,
        "volume": 291881,
        "typical_volume": 141424.7,
        "trend": 5.294317,
        "fair_value": 4.852078,
        "relative_strength": -0.171004,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 48.878038,
        "energy": 62.364981,
        "activity_lines": [
          5.4621,
          5.397818,
          5.290669,
          5.287286
        ]
      },
      {
        "date": "2025-07-18",
        "close": 5.6975,
        "volume": 202230,
        "typical_volume": 144614.85,
        "trend": 5.3079,
        "fair_value": 4.857909,
        "relative_strength": 1.978914,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 86.054994,
        "energy": 84.435579,
        "activity_lines": [
          5.553067,
          5.460073,
          5.334043,
          5.313298
        ]
      },
      {
        "date": "2025-07-25",
        "close": 5.704,
        "volume": 195604,
        "typical_volume": 148673.0,
        "trend": 5.320967,
        "fair_value": 4.863704,
        "relative_strength": 0.56106,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.640051,
        "energy": 87.477104,
        "activity_lines": [
          5.6229,
          5.514845,
          5.376233,
          5.338853
        ]
      },
      {
        "date": "2025-08-01",
        "close": 5.6395,
        "volume": 115675,
        "typical_volume": 149269.55,
        "trend": 5.331167,
        "fair_value": 4.868981,
        "relative_strength": -0.098097,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.968176,
        "energy": 84.075561,
        "activity_lines": [
          5.645067,
          5.551982,
          5.410348,
          5.359403
        ]
      },
      {
        "date": "2025-08-08",
        "close": 5.718,
        "volume": 104355,
        "typical_volume": 150404.1,
        "trend": 5.345417,
        "fair_value": 4.874718,
        "relative_strength": 0.920331,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.555652,
        "energy": 86.325197,
        "activity_lines": [
          5.679767,
          5.596909,
          5.450379,
          5.38436
        ]
      },
      {
        "date": "2025-08-15",
        "close": 5.7115,
        "volume": 158366,
        "typical_volume": 151973.15,
        "trend": 5.354533,
        "fair_value": 4.880334,
        "relative_strength": 0.264723,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.333774,
        "energy": 82.900342,
        "activity_lines": [
          5.6969,
          5.631591,
          5.487876,
          5.407978
        ]
      },
      {
        "date": "2025-08-22",
        "close": 5.8025,
        "volume": 138740,
        "typical_volume": 151908.1,
        "trend": 5.367483,
        "fair_value": 4.886482,
        "relative_strength": -0.213891,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.663489,
        "energy": 81.069074,
        "activity_lines": [
          5.733033,
          5.6758,
          5.531671,
          5.43688
        ]
      },
      {
        "date": "2025-08-29",
        "close": 5.73,
        "volume": 149457,
        "typical_volume": 151927.9,
        "trend": 5.377217,
        "fair_value": 4.892068,
        "relative_strength": -0.130197,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.662516,
        "energy": 63.776531,
        "activity_lines": [
          5.738,
          5.698564,
          5.564158,
          5.460268
        ]
      },
      {
        "date": "2025-09-05",
        "close": 5.769,
        "volume": 184460,
        "typical_volume": 154409.75,
        "trend": 5.387117,
        "fair_value": 4.897837,
        "relative_strength": 0.204681,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.340081,
        "energy": 64.829571,
        "activity_lines": [
          5.754233,
          5.720809,
          5.596195,
          5.485544
        ]
      },
      {
        "date": "2025-09-12",
        "close": 5.944,
        "volume": 134426,
        "typical_volume": 157420.2,
        "trend": 5.40325,
        "fair_value": 4.904675,
        "relative_strength": 2.27426,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 86.581961,
        "energy": 79.454024,
        "activity_lines": [
          5.820167,
          5.7688,
          5.640702,
          5.521472
        ]
      },
      {
        "date": "2025-09-19",
        "close": 6.059,
        "volume": 167698,
        "typical_volume": 162069.9,
        "trend": 5.42055,
        "fair_value": 4.91217,
        "relative_strength": 4.83919,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 89.630073,
        "energy": 89.06447,
        "activity_lines": [
          5.909367,
          5.829391,
          5.69165,
          5.563778
        ]
      },
      {
        "date": "2025-09-26",
        "close": 6.022,
        "volume": 173983,
        "typical_volume": 164187.3,
        "trend": 5.443983,
        "fair_value": 4.919331,
        "relative_strength": 3.384138,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.019292,
        "energy": 90.188076,
        "activity_lines": [
          5.963067,
          5.873845,
          5.73505,
          5.602582
        ]
      },
      {
        "date": "2025-10-03",
        "close": 6.173,
        "volume": 207036,
        "typical_volume": 169893.6,
        "trend": 5.47315,
        "fair_value": 4.927367,
        "relative_strength": 3.681094,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.951663,
        "energy": 94.724648,
        "activity_lines": [
          6.052467,
          5.939855,
          5.789017,
          5.649615
        ]
      },
      {
        "date": "2025-10-10",
        "close": 6.039,
        "volume": 289726,
        "typical_volume": 166930.45,
        "trend": 5.497383,
        "fair_value": 4.937827,
        "relative_strength": 2.146612,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.891301,
        "energy": 82.773937,
        "activity_lines": [
          6.067667,
          5.972973,
          5.82644,
          5.686122
        ]
      },
      {
        "date": "2025-10-17",
        "close": 6.162,
        "volume": 173248,
        "typical_volume": 170168.85,
        "trend": 5.525583,
        "fair_value": 4.948519,
        "relative_strength": 4.993218,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.388216,
        "energy": 72.754062,
        "activity_lines": [
          6.105867,
          6.021191,
          5.871979,
          5.729
        ]
      },
      {
        "date": "2025-10-24",
        "close": 6.251,
        "volume": 201420,
        "typical_volume": 172962.35,
        "trend": 5.56015,
        "fair_value": 4.961426,
        "relative_strength": 3.290305,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.5665,
        "energy": 72.238032,
        "activity_lines": [
          6.1592,
          6.077518,
          5.921505,
          5.775801
        ]
      },
      {
        "date": "2025-10-31",
        "close": 6.3325,
        "volume": 171638,
        "typical_volume": 175040.8,
        "trend": 5.608642,
        "fair_value": 4.972716,
        "relative_strength": 3.849209,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.727837,
        "energy": 72.256634,
        "activity_lines": [
          6.2269,
          6.138855,
          5.974386,
          5.82563
        ]
      },
      {
        "date": "2025-11-07",
        "close": 6.2115,
        "volume": 184428,
        "typical_volume": 181418.75,
        "trend": 5.653842,
        "fair_value": 4.983157,
        "relative_strength": 2.285261,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.982981,
        "energy": 65.802849,
        "activity_lines": [
          6.233567,
          6.168555,
          6.011055,
          5.864524
        ]
      },
      {
        "date": "2025-11-14",
        "close": 6.31,
        "volume": 183162,
        "typical_volume": 185143.65,
        "trend": 5.70125,
        "fair_value": 4.994513,
        "relative_strength": 3.741586,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.798272,
        "energy": 67.294641,
        "activity_lines": [
          6.2705,
          6.207409,
          6.052819,
          5.906857
        ]
      },
      {
        "date": "2025-11-21",
        "close": 6.065,
        "volume": 169639,
        "typical_volume": 179858.6,
        "trend": 5.736867,
        "fair_value": 5.004849,
        "relative_strength": 1.394882,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.564946,
        "energy": 54.252586,
        "activity_lines": [
          6.2077,
          6.191882,
          6.067083,
          5.930325
        ]
      },
      {
        "date": "2025-11-28",
        "close": 6.187,
        "volume": 200227,
        "typical_volume": 175275.9,
        "trend": 5.7693,
        "fair_value": 5.015093,
        "relative_strength": 1.502246,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.665429,
        "energy": 41.14908,
        "activity_lines": [
          6.192033,
          6.196336,
          6.090214,
          5.959366
        ]
      },
      {
        "date": "2025-12-05",
        "close": 6.1885,
        "volume": 147999,
        "typical_volume": 172564.35,
        "trend": 5.80155,
        "fair_value": 5.025521,
        "relative_strength": 2.098383,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.049693,
        "energy": 35.719511,
        "activity_lines": [
          6.181133,
          6.198736,
          6.110414,
          5.986411
        ]
      },
      {
        "date": "2025-12-12",
        "close": 6.114,
        "volume": 107707,
        "typical_volume": 168169.5,
        "trend": 5.82605,
        "fair_value": 5.035766,
        "relative_strength": 1.106047,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.714716,
        "energy": 24.745442,
        "activity_lines": [
          6.155,
          6.184564,
          6.121181,
          6.006569
        ]
      },
      {
        "date": "2025-12-19",
        "close": 6.1585,
        "volume": 187549,
        "typical_volume": 171763.2,
        "trend": 5.855233,
        "fair_value": 5.046244,
        "relative_strength": -0.616165,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.6741,
        "energy": 26.263012,
        "activity_lines": [
          6.1502,
          6.179555,
          6.134233,
          6.028017
        ]
      },
      {
        "date": "2025-12-26",
        "close": 6.151,
        "volume": 57494,
        "typical_volume": 169420.15,
        "trend": 5.886283,
        "fair_value": 5.056389,
        "relative_strength": -0.381065,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.694836,
        "energy": 23.072625,
        "activity_lines": [
          6.153,
          6.171009,
          6.1441,
          6.047099
        ]
      },
      {
        "date": "2026-01-02",
        "close": 6.255,
        "volume": 123123,
        "typical_volume": 167658.0,
        "trend": 5.917267,
        "fair_value": 5.066154,
        "relative_strength": 0.546482,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 57.3819,
        "energy": 32.176147,
        "activity_lines": [
          6.184733,
          6.181573,
          6.16181,
          6.070887
        ]
      },
      {
        "date": "2026-01-09",
        "close": 6.3935,
        "volume": 202314,
        "typical_volume": 170836.7,
        "trend": 5.952117,
        "fair_value": 5.076269,
        "relative_strength": 1.042441,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 72.646266,
        "energy": 47.810914,
        "activity_lines": [
          6.2581,
          6.217245,
          6.190121,
          6.101612
        ]
      },
      {
        "date": "2026-01-16",
        "close": 6.489,
        "volume": 229769,
        "typical_volume": 174852.3,
        "trend": 5.991367,
        "fair_value": 5.08721,
        "relative_strength": 1.459397,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.443374,
        "energy": 74.851344,
        "activity_lines": [
          6.349633,
          6.269173,
          6.224714,
          6.136249
        ]
      },
      {
        "date": "2026-01-23",
        "close": 6.466,
        "volume": 280085,
        "typical_volume": 179633.55,
        "trend": 6.025733,
        "fair_value": 5.097657,
        "relative_strength": 2.013554,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.277982,
        "energy": 79.125964,
        "activity_lines": [
          6.4085,
          6.311873,
          6.253502,
          6.166871
        ]
      },
      {
        "date": "2026-01-30",
        "close": 6.417,
        "volume": 245770,
        "typical_volume": 185200.75,
        "trend": 6.056733,
        "fair_value": 5.107596,
        "relative_strength": 0.444992,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.638266,
        "energy": 76.331995,
        "activity_lines": [
          6.430533,
          6.342827,
          6.274305,
          6.192114
        ]
      },
      {
        "date": "2026-02-06",
        "close": 6.5225,
        "volume": 223827,
        "typical_volume": 188007.2,
        "trend": 6.089433,
        "fair_value": 5.118902,
        "relative_strength": 0.655789,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.833582,
        "energy": 76.800738,
        "activity_lines": [
          6.47,
          6.386564,
          6.302902,
          6.222163
        ]
      },
      {
        "date": "2026-02-13",
        "close": 6.612,
        "volume": 189526,
        "typical_volume": 188784.35,
        "trend": 6.119917,
        "fair_value": 5.131061,
        "relative_strength": 1.264772,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.496383,
        "energy": 70.147321,
        "activity_lines": [
          6.521467,
          6.440473,
          6.337817,
          6.255877
        ]
      },
      {
        "date": "2026-02-20",
        "close": 6.731,
        "volume": 219364,
        "typical_volume": 189400.75,
        "trend": 6.15415,
        "fair_value": 5.144718,
        "relative_strength": 0.798195,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.35268,
        "energy": 82.154472,
        "activity_lines": [
          6.598033,
          6.508318,
          6.381255,
          6.295302
        ]
      },
      {
        "date": "2026-02-27",
        "close": 6.735,
        "volume": 369419,
        "typical_volume": 193385.4,
        "trend": 6.190667,
        "fair_value": 5.157646,
        "relative_strength": -1.25089,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.42725,
        "energy": 86.234819,
        "activity_lines": [
          6.6598,
          6.565673,
          6.422417,
          6.332776
        ]
      },
      {
        "date": "2026-03-06",
        "close": 6.3685,
        "volume": 370143,
        "typical_volume": 203230.15,
        "trend": 6.21235,
        "fair_value": 5.169264,
        "relative_strength": -0.96985,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.987818,
        "energy": 51.37374,
        "activity_lines": [
          6.581467,
          6.545909,
          6.42536,
          6.344249
        ]
      },
      {
        "date": "2026-03-13",
        "close": 6.3235,
        "volume": 205017,
        "typical_volume": 203410.0,
        "trend": 6.23275,
        "fair_value": 5.181288,
        "relative_strength": -1.446149,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 40.918095,
        "energy": 30.832365,
        "activity_lines": [
          6.491367,
          6.514009,
          6.423033,
          6.35142
        ]
      },
      {
        "date": "2026-03-20",
        "close": 6.163,
        "volume": 132302,
        "typical_volume": 201443.2,
        "trend": 6.244767,
        "fair_value": 5.19183,
        "relative_strength": -0.646937,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 8.281248,
        "energy": 15.497253,
        "activity_lines": [
          6.361033,
          6.451682,
          6.405076,
          6.34692
        ]
      },
      {
        "date": "2026-03-27",
        "close": 6.1525,
        "volume": 208378,
        "typical_volume": 202640.7,
        "trend": 6.25885,
        "fair_value": 5.202042,
        "relative_strength": -1.350623,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "mixed",
        "direction": -14.542936,
        "energy": 27.373801,
        "activity_lines": [
          6.257133,
          6.391636,
          6.386926,
          6.340968
        ]
      },
      {
        "date": "2026-04-03",
        "close": 6.292,
        "volume": 215389,
        "typical_volume": 204252.05,
        "trend": 6.276283,
        "fair_value": 5.213407,
        "relative_strength": -3.638777,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -15.007214,
        "energy": 26.698449,
        "activity_lines": [
          6.2383,
          6.363073,
          6.382343,
          6.343106
        ]
      },
      {
        "date": "2026-04-10",
        "close": 6.584,
        "volume": 286195,
        "typical_volume": 210079.85,
        "trend": 6.297617,
        "fair_value": 5.226473,
        "relative_strength": -0.763609,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.094903,
        "energy": 19.413644,
        "activity_lines": [
          6.346333,
          6.390764,
          6.405655,
          6.362959
        ]
      },
      {
        "date": "2026-04-17",
        "close": 6.828,
        "volume": 394943,
        "typical_volume": 219815.65,
        "trend": 6.32325,
        "fair_value": 5.241559,
        "relative_strength": 2.111552,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 65.049366,
        "energy": 34.455491,
        "activity_lines": [
          6.521333,
          6.459782,
          6.449733,
          6.397177
        ]
      },
      {
        "date": "2026-04-24",
        "close": 6.816,
        "volume": 222126,
        "typical_volume": 223522.0,
        "trend": 6.349717,
        "fair_value": 5.256724,
        "relative_strength": 4.563438,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 67.028689,
        "energy": 58.843917,
        "activity_lines": [
          6.6587,
          6.521064,
          6.489617,
          6.428968
        ]
      },
      {
        "date": "2026-05-01",
        "close": 6.765,
        "volume": 159761,
        "typical_volume": 226124.7,
        "trend": 6.36945,
        "fair_value": 5.271582,
        "relative_strength": 3.786389,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.822386,
        "energy": 66.237483,
        "activity_lines": [
          6.735533,
          6.569364,
          6.521655,
          6.45576
        ]
      },
      {
        "date": "2026-05-08",
        "close": 7.0095,
        "volume": 257893,
        "typical_volume": 229641.9,
        "trend": 6.4018,
        "fair_value": 5.288035,
        "relative_strength": 8.663845,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.982608,
        "energy": 79.279375,
        "activity_lines": [
          6.853033,
          6.6615,
          6.573879,
          6.497054
        ]
      },
      {
        "date": "2026-05-15",
        "close": 6.947,
        "volume": 259072,
        "typical_volume": 239720.8,
        "trend": 6.427967,
        "fair_value": 5.303833,
        "relative_strength": 7.889057,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.484162,
        "energy": 76.088268,
        "activity_lines": [
          6.901867,
          6.737282,
          6.616098,
          6.532228
        ]
      },
      {
        "date": "2026-05-22",
        "close": 6.9475,
        "volume": 190563,
        "typical_volume": 243092.8,
        "trend": 6.451183,
        "fair_value": 5.319385,
        "relative_strength": 4.91944,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.646332,
        "energy": 69.269316,
        "activity_lines": [
          6.926667,
          6.802636,
          6.654574,
          6.565746
        ]
      },
      {
        "date": "2026-05-29",
        "close": 7.067,
        "volume": 240018,
        "typical_volume": 244978.0,
        "trend": 6.475667,
        "fair_value": 5.335606,
        "relative_strength": 7.035473,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.356653,
        "energy": 67.625353,
        "activity_lines": [
          6.983333,
          6.878373,
          6.701133,
          6.605476
        ]
      },
      {
        "date": "2026-06-05",
        "close": 6.9605,
        "volume": 50682,
        "typical_volume": 236023.65,
        "trend": 6.500633,
        "fair_value": 5.351027,
        "relative_strength": 5.621167,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.160557,
        "energy": 54.263633,
        "activity_lines": [
          6.987767,
          6.918309,
          6.734343,
          6.636756
        ]
      },
      {
        "date": "2026-06-12",
        "close": 7.054,
        "volume": 19672,
        "typical_volume": 223003.0,
        "trend": 6.525433,
        "fair_value": 5.366891,
        "relative_strength": 5.759004,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.205572,
        "energy": 52.115861,
        "activity_lines": [
          7.010333,
          6.960555,
          6.774212,
          6.672457
        ]
      },
      {
        "date": "2026-06-19",
        "close": 7.29,
        "volume": 18080,
        "typical_volume": 211618.5,
        "trend": 6.566267,
        "fair_value": 5.38521,
        "relative_strength": 10.114328,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.740145,
        "energy": 71.248736,
        "activity_lines": [
          7.1086,
          7.031855,
          6.833757,
          6.721784
        ]
      },
      {
        "date": "2026-06-26",
        "close": 7.0555,
        "volume": 54957,
        "typical_volume": 203175.0,
        "trend": 6.595217,
        "fair_value": 5.401603,
        "relative_strength": 4.934901,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.667982,
        "energy": 55.536963,
        "activity_lines": [
          7.105833,
          7.047682,
          6.866812,
          6.753347
        ]
      },
      {
        "date": "2026-07-03",
        "close": 7.1755,
        "volume": 40637,
        "typical_volume": 195730.55,
        "trend": 6.628117,
        "fair_value": 5.419221,
        "relative_strength": 4.853128,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.511443,
        "energy": 59.656417,
        "activity_lines": [
          7.135867,
          7.081191,
          6.908757,
          6.790785
        ]
      },
      {
        "date": "2026-07-10",
        "close": 7.1165,
        "volume": 246972,
        "typical_volume": 197110.95,
        "trend": 6.661533,
        "fair_value": 5.436014,
        "relative_strength": 5.606672,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.459499,
        "energy": 53.773981,
        "activity_lines": [
          7.139,
          7.097436,
          6.9424,
          6.822294
        ]
      },
      {
        "date": "2026-07-17",
        "close": 6.788,
        "volume": 154870,
        "typical_volume": 186383.5,
        "trend": 6.682517,
        "fair_value": 5.450535,
        "relative_strength": -0.268037,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 37.17614,
        "energy": 26.453224,
        "activity_lines": [
          7.022233,
          7.047564,
          6.942921,
          6.830453
        ]
      },
      {
        "date": "2026-07-24",
        "close": 6.8865,
        "volume": 130317,
        "typical_volume": 174392.2,
        "trend": 6.707033,
        "fair_value": 5.464548,
        "relative_strength": -0.148509,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.864185,
        "energy": 19.060004,
        "activity_lines": [
          6.956033,
          7.019627,
          6.952571,
          6.843613
        ]
      },
      {
        "date": "2026-07-31",
        "close": 6.857,
        "volume": 186570,
        "typical_volume": 173469.85,
        "trend": 6.7271,
        "fair_value": 5.478822,
        "relative_strength": -1.809518,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.980265,
        "energy": 21.0554,
        "activity_lines": [
          6.9069,
          6.987427,
          6.956945,
          6.853288
        ]
      },
      {
        "date": "2026-08-07",
        "close": 7.054,
        "volume": 164300,
        "typical_volume": 175069.75,
        "trend": 6.749117,
        "fair_value": 5.495114,
        "relative_strength": 0.650135,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.238118,
        "energy": 23.416303,
        "activity_lines": [
          6.936667,
          6.992691,
          6.97754,
          6.874378
        ]
      }
    ],
    "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."
    }
  }
}