{
  "ticker": {
    "uuid": "a33ea0e2-50e3-4a82-9f38-f9f25580f983",
    "symbol": "XSXD",
    "name": "Xtrackers S&P 500 Swap UCITS ETF 1D",
    "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": 92.909,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 86.024,
    "architecture_energy": 63.546,
    "architecture_maturity": 66.024,
    "architecture_confidence": 69.485,
    "architecture_tenure": "Established",
    "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": 32.22,
        "rotation_up": 54.06,
        "upward_expansion": 81.06,
        "deceleration": 69.2,
        "rotation_down": 27.92,
        "downward_expansion": 10.06
      },
      "activity_lines": [
        16.597533,
        16.512236,
        16.361775,
        16.037128
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 17.042999,
    "trend_reference": 15.665368,
    "distance_from_trend": 0.087941,
    "trend_direction": "Improving",
    "fair_value": 12.788309,
    "distance_from_fair_value": 0.332702,
    "fair_value_direction": "Improving",
    "relative_strength": 3.359935,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.131839,
    "excess_performance": 0.080603,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.087941,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.0356,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.332702,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.004753,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.033599,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.023935,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.131839,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.992214,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 225676,
      "relative_activity": 0.546146,
      "balance": 0.992214,
      "dry_up": 2.004967,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.017822,
      "annualized_volatility": 0.128885,
      "from_high_reference": -0.003217,
      "from_low_reference": 0.233292
    },
    "levels": {
      "trend_reference": 15.665368,
      "fair_value_reference": 12.788309,
      "structural_low": 13.968601,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 25,
        "median_return": 0.010811,
        "positive_rate": 0.76,
        "directional_follow_through": 0.76,
        "median_excess_return": 0.006328,
        "regime_survival": 0.8,
        "best_return": 0.053789,
        "worst_return": -0.057121,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": 0.053549,
        "positive_rate": 0.888889,
        "directional_follow_through": 0.888889,
        "median_excess_return": 0.009151,
        "regime_survival": 0.777778,
        "best_return": 0.086316,
        "worst_return": -0.068972,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.110137,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.045777,
        "regime_survival": 0.8,
        "best_return": 0.15523,
        "worst_return": 0.001024,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.219275,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.090257,
        "regime_survival": 1.0,
        "best_return": 0.296388,
        "worst_return": 0.142162,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-16",
        "end": "2024-08-30",
        "tenure": "New",
        "return": 0.011855,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-06",
        "end": "2025-01-03",
        "tenure": "Established",
        "return": 0.096034,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-10",
        "end": "2025-01-31",
        "tenure": "New",
        "return": 0.051177,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-07",
        "end": "2025-02-28",
        "tenure": "New",
        "return": -0.026666,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-07",
        "end": "2025-03-14",
        "tenure": "New",
        "return": -0.013016,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-21",
        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.081817,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.129444,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-05-30",
        "tenure": "New",
        "return": 0.018446,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-06",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.044419,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-18",
        "end": "2026-02-20",
        "tenure": "Extended",
        "return": 0.099385,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-02-27",
        "end": "2026-03-20",
        "tenure": "New",
        "return": -0.044712,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-27",
        "end": "2026-04-10",
        "tenure": "New",
        "return": 0.066321,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-04-17",
        "end": "2026-04-24",
        "tenure": "New",
        "return": 0.001534,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-01",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": 0.072472,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 9.237185,
        "volume": 204176,
        "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": 9.294907,
        "volume": 15293,
        "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": 9.567558,
        "volume": 10486,
        "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": 9.476838,
        "volume": 17092,
        "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": 9.474409,
        "volume": 4790,
        "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": 9.238629,
        "volume": 24120,
        "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": 9.157125,
        "volume": 5022,
        "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": 9.064947,
        "volume": 3883,
        "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": 9.202729,
        "volume": 18112,
        "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": 8.992175,
        "volume": 15181,
        "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": 8.816554,
        "volume": 28924,
        "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": 9.277441,
        "volume": 94614,
        "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": 9.296363,
        "volume": 5345,
        "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": 9.578261,
        "volume": 8335,
        "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": 9.692161,
        "volume": 128608,
        "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": 9.743756,
        "volume": 264775,
        "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": 9.769066,
        "volume": 51065,
        "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": 10.057223,
        "volume": 35403,
        "typical_volume": 48083.5,
        "trend": 9.369322,
        "fair_value": 8.697466,
        "relative_strength": 12.272221,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 89.546527,
        "energy": 92.519705,
        "activity_lines": [
          9.837082,
          9.617943,
          9.450337,
          9.426809
        ]
      },
      {
        "date": "2023-12-22",
        "close": 10.114659,
        "volume": 933044,
        "typical_volume": 94108.9,
        "trend": 9.411592,
        "fair_value": 8.714962,
        "relative_strength": 10.707154,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 86.884801,
        "energy": 94.468522,
        "activity_lines": [
          9.952604,
          9.740141,
          9.518643,
          9.474896
        ]
      },
      {
        "date": "2023-12-29",
        "close": 10.19838,
        "volume": 615460,
        "typical_volume": 124186.4,
        "trend": 9.450368,
        "fair_value": 8.733053,
        "relative_strength": 10.675832,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.480601,
        "energy": 94.17758,
        "activity_lines": [
          10.060273,
          9.86098,
          9.592377,
          9.525656
        ]
      },
      {
        "date": "2024-01-05",
        "close": 10.034832,
        "volume": 66624,
        "typical_volume": 117308.8,
        "trend": 9.481952,
        "fair_value": 8.748737,
        "relative_strength": 9.075528,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.156696,
        "energy": 87.671894,
        "activity_lines": [
          10.079678,
          9.930152,
          9.646883,
          9.563363
        ]
      },
      {
        "date": "2024-01-12",
        "close": 10.194486,
        "volume": 875668,
        "typical_volume": 160327.55,
        "trend": 9.509978,
        "fair_value": 8.765948,
        "relative_strength": 11.25982,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.812387,
        "energy": 89.2038,
        "activity_lines": [
          10.132896,
          10.006201,
          9.712796,
          9.609333
        ]
      },
      {
        "date": "2024-01-19",
        "close": 10.240239,
        "volume": 325990,
        "typical_volume": 176102.75,
        "trend": 9.544976,
        "fair_value": 8.783293,
        "relative_strength": 13.638286,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.622562,
        "energy": 84.795691,
        "activity_lines": [
          10.173004,
          10.073896,
          9.778782,
          9.656447
        ]
      },
      {
        "date": "2024-01-26",
        "close": 10.452463,
        "volume": 401058,
        "typical_volume": 195301.05,
        "trend": 9.58028,
        "fair_value": 8.802702,
        "relative_strength": 12.87599,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.159855,
        "energy": 86.103951,
        "activity_lines": [
          10.271652,
          10.163015,
          9.861778,
          9.714994
        ]
      },
      {
        "date": "2024-02-02",
        "close": 10.542998,
        "volume": 2026561,
        "typical_volume": 296389.6,
        "trend": 9.620585,
        "fair_value": 8.822705,
        "relative_strength": 13.651418,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 89.306121,
        "energy": 95.406959,
        "activity_lines": [
          10.377958,
          10.252701,
          9.948749,
          9.777105
        ]
      },
      {
        "date": "2024-02-09",
        "close": 10.687077,
        "volume": 161685,
        "typical_volume": 303267.85,
        "trend": 9.658279,
        "fair_value": 8.843891,
        "relative_strength": 15.266908,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 89.61708,
        "energy": 95.763221,
        "activity_lines": [
          10.509315,
          10.353113,
          10.044354,
          9.845911
        ]
      },
      {
        "date": "2024-02-16",
        "close": 10.737699,
        "volume": 349667,
        "typical_volume": 320500.1,
        "trend": 9.695243,
        "fair_value": 8.86517,
        "relative_strength": 13.14092,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.102554,
        "energy": 95.283021,
        "activity_lines": [
          10.614064,
          10.445578,
          10.137883,
          9.915551
        ]
      },
      {
        "date": "2024-02-23",
        "close": 10.86867,
        "volume": 52507,
        "typical_volume": 322931.3,
        "trend": 9.73401,
        "fair_value": 8.887431,
        "relative_strength": 13.971501,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.386121,
        "energy": 95.673836,
        "activity_lines": [
          10.726256,
          10.544244,
          10.236359,
          9.991256
        ]
      },
      {
        "date": "2024-03-01",
        "close": 10.9263,
        "volume": 19983,
        "typical_volume": 323024.85,
        "trend": 9.778889,
        "fair_value": 8.909836,
        "relative_strength": 14.292557,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.835307,
        "energy": 92.524778,
        "activity_lines": [
          10.815762,
          10.638635,
          10.331734,
          10.068178
        ]
      },
      {
        "date": "2024-03-08",
        "close": 11.009325,
        "volume": 1831143,
        "typical_volume": 413822.95,
        "trend": 9.831482,
        "fair_value": 8.932657,
        "relative_strength": 14.844459,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.022775,
        "energy": 87.522897,
        "activity_lines": [
          10.901354,
          10.733364,
          10.426809,
          10.147561
        ]
      },
      {
        "date": "2024-03-15",
        "close": 10.925323,
        "volume": 55154,
        "typical_volume": 415134.45,
        "trend": 9.887753,
        "fair_value": 8.954083,
        "relative_strength": 12.471923,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.512909,
        "energy": 68.675656,
        "activity_lines": [
          10.927857,
          10.798076,
          10.504278,
          10.218132
        ]
      },
      {
        "date": "2024-03-22",
        "close": 11.187101,
        "volume": 84911,
        "typical_volume": 414649.3,
        "trend": 9.950826,
        "fair_value": 8.977839,
        "relative_strength": 11.715748,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.55957,
        "energy": 75.16353,
        "activity_lines": [
          11.025736,
          10.894193,
          10.596636,
          10.30196
        ]
      },
      {
        "date": "2024-03-29",
        "close": 11.229102,
        "volume": 4184,
        "typical_volume": 414591.25,
        "trend": 10.006211,
        "fair_value": 9.001536,
        "relative_strength": 11.345279,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.995549,
        "energy": 73.912199,
        "activity_lines": [
          11.107656,
          10.979899,
          10.683901,
          10.38443
        ]
      },
      {
        "date": "2024-04-05",
        "close": 11.110912,
        "volume": 16597,
        "typical_volume": 415004.35,
        "trend": 10.06068,
        "fair_value": 9.023509,
        "relative_strength": 10.260921,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.948716,
        "energy": 67.669535,
        "activity_lines": [
          11.126149,
          11.026136,
          10.750707,
          10.455701
        ]
      },
      {
        "date": "2024-04-12",
        "close": 11.017139,
        "volume": 247291,
        "typical_volume": 420938.5,
        "trend": 10.112104,
        "fair_value": 9.044062,
        "relative_strength": 7.733197,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.443863,
        "energy": 66.824556,
        "activity_lines": [
          11.101078,
          11.043352,
          10.801283,
          10.517408
        ]
      },
      {
        "date": "2024-04-19",
        "close": 10.681127,
        "volume": 175955,
        "typical_volume": 416497.5,
        "trend": 10.160188,
        "fair_value": 9.060767,
        "relative_strength": 5.363689,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.655914,
        "energy": 55.514964,
        "activity_lines": [
          10.963482,
          10.990854,
          10.813549,
          10.554119
        ]
      },
      {
        "date": "2024-04-26",
        "close": 10.905788,
        "volume": 98057,
        "typical_volume": 418847.1,
        "trend": 10.218477,
        "fair_value": 9.079403,
        "relative_strength": 4.000186,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.238457,
        "energy": 42.194668,
        "activity_lines": [
          10.917053,
          10.979312,
          10.842747,
          10.602222
        ]
      },
      {
        "date": "2024-05-03",
        "close": 10.939975,
        "volume": 190519,
        "typical_volume": 426602.9,
        "trend": 10.280977,
        "fair_value": 9.098009,
        "relative_strength": 3.060598,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.894319,
        "energy": 31.346613,
        "activity_lines": [
          10.900773,
          10.97093,
          10.869788,
          10.648771
        ]
      },
      {
        "date": "2024-05-10",
        "close": 11.16659,
        "volume": 900000,
        "typical_volume": 424950.7,
        "trend": 10.34644,
        "fair_value": 9.11849,
        "relative_strength": 2.137218,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 61.44087,
        "energy": 41.264811,
        "activity_lines": [
          10.979307,
          11.002454,
          10.914208,
          10.705907
        ]
      },
      {
        "date": "2024-05-17",
        "close": 11.34241,
        "volume": 115577,
        "typical_volume": 399956.55,
        "trend": 10.424781,
        "fair_value": 9.140293,
        "relative_strength": 3.594328,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 82.929099,
        "energy": 63.669563,
        "activity_lines": [
          11.112736,
          11.061576,
          10.970364,
          10.770163
        ]
      },
      {
        "date": "2024-05-24",
        "close": 11.365601,
        "volume": 17941,
        "typical_volume": 397522.4,
        "trend": 10.509749,
        "fair_value": 9.161898,
        "relative_strength": 4.767776,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.448307,
        "energy": 78.119437,
        "activity_lines": [
          11.23221,
          11.118858,
          11.02328,
          10.830861
        ]
      },
      {
        "date": "2024-05-31",
        "close": 11.159826,
        "volume": 263600,
        "typical_volume": 366919.0,
        "trend": 10.572495,
        "fair_value": 9.181109,
        "relative_strength": 3.150863,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.738331,
        "energy": 71.664812,
        "activity_lines": [
          11.237461,
          11.130722,
          11.050262,
          10.872802
        ]
      },
      {
        "date": "2024-06-07",
        "close": 11.479268,
        "volume": 866958,
        "typical_volume": 393967.4,
        "trend": 10.645259,
        "fair_value": 9.202996,
        "relative_strength": 6.191869,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.714946,
        "energy": 84.970337,
        "activity_lines": [
          11.332257,
          11.201162,
          11.10307,
          10.931303
        ]
      },
      {
        "date": "2024-06-14",
        "close": 11.618409,
        "volume": 136946,
        "typical_volume": 380761.8,
        "trend": 10.713264,
        "fair_value": 9.225783,
        "relative_strength": 8.456763,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 85.752306,
        "energy": 86.822911,
        "activity_lines": [
          11.43748,
          11.292352,
          11.16323,
          10.994087
        ]
      },
      {
        "date": "2024-06-21",
        "close": 11.722277,
        "volume": 789606,
        "typical_volume": 318914.05,
        "trend": 10.780934,
        "fair_value": 9.249115,
        "relative_strength": 7.918156,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 86.571771,
        "energy": 85.397596,
        "activity_lines": [
          11.547205,
          11.3932,
          11.227729,
          11.059185
        ]
      },
      {
        "date": "2024-06-28",
        "close": 11.794787,
        "volume": 3440475,
        "typical_volume": 482853.55,
        "trend": 10.849302,
        "fair_value": 9.272686,
        "relative_strength": 9.249917,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.852134,
        "energy": 92.032057,
        "activity_lines": [
          11.655775,
          11.494411,
          11.293519,
          11.124594
        ]
      },
      {
        "date": "2024-07-05",
        "close": 11.902574,
        "volume": 1850122,
        "typical_volume": 557876.3,
        "trend": 10.920419,
        "fair_value": 9.296813,
        "relative_strength": 9.451393,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.920913,
        "energy": 92.347554,
        "activity_lines": [
          11.771662,
          11.594971,
          11.364299,
          11.192548
        ]
      },
      {
        "date": "2024-07-12",
        "close": 12.09463,
        "volume": 2657530,
        "typical_volume": 688127.45,
        "trend": 10.988332,
        "fair_value": 9.322248,
        "relative_strength": 10.26898,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 88.797021,
        "energy": 94.377937,
        "activity_lines": [
          11.902051,
          11.712327,
          11.447823,
          11.268303
        ]
      },
      {
        "date": "2024-07-19",
        "close": 11.835943,
        "volume": 4625455,
        "typical_volume": 918401.05,
        "trend": 11.045708,
        "fair_value": 9.344894,
        "relative_strength": 8.889582,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.047385,
        "energy": 80.053462,
        "activity_lines": [
          11.905187,
          11.761656,
          11.500873,
          11.322988
        ]
      },
      {
        "date": "2024-07-26",
        "close": 11.696799,
        "volume": 1611077,
        "typical_volume": 907397.75,
        "trend": 11.095656,
        "fair_value": 9.365893,
        "relative_strength": 5.691931,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.609367,
        "energy": 65.033086,
        "activity_lines": [
          11.847439,
          11.773515,
          11.536339,
          11.364993
        ]
      },
      {
        "date": "2024-08-02",
        "close": 11.399896,
        "volume": 3496441,
        "typical_volume": 1079462.1,
        "trend": 11.141158,
        "fair_value": 9.383893,
        "relative_strength": 4.215646,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 49.289674,
        "energy": 42.643109,
        "activity_lines": [
          11.692423,
          11.724949,
          11.540255,
          11.384622
        ]
      },
      {
        "date": "2024-08-09",
        "close": 11.428313,
        "volume": 1540393,
        "typical_volume": 1152236.2,
        "trend": 11.182285,
        "fair_value": 9.401826,
        "relative_strength": 4.341445,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 37.198185,
        "energy": 27.157811,
        "activity_lines": [
          11.573204,
          11.680925,
          11.544617,
          11.403148
        ]
      },
      {
        "date": "2024-08-16",
        "close": 11.898654,
        "volume": 380924,
        "typical_volume": 1171073.2,
        "trend": 11.237566,
        "fair_value": 9.423538,
        "relative_strength": 6.518721,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 52.72621,
        "energy": 29.973354,
        "activity_lines": [
          11.642383,
          11.717537,
          11.592625,
          11.449365
        ]
      },
      {
        "date": "2024-08-23",
        "close": 12.092782,
        "volume": 197013,
        "typical_volume": 1180094.0,
        "trend": 11.292243,
        "fair_value": 9.446549,
        "relative_strength": 7.757357,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 73.523084,
        "energy": 40.743117,
        "activity_lines": [
          11.789337,
          11.78182,
          11.655933,
          11.504541
        ]
      },
      {
        "date": "2024-08-30",
        "close": 12.039709,
        "volume": 98037,
        "typical_volume": 1172631.3,
        "trend": 11.342134,
        "fair_value": 9.468712,
        "relative_strength": 6.423162,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 70.848903,
        "energy": 52.095894,
        "activity_lines": [
          11.901477,
          11.827828,
          11.709511,
          11.552764
        ]
      },
      {
        "date": "2024-09-06",
        "close": 11.657388,
        "volume": 61047,
        "typical_volume": 1166885.9,
        "trend": 11.374477,
        "fair_value": 9.487261,
        "relative_strength": 5.264717,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.022997,
        "energy": 46.787624,
        "activity_lines": [
          11.863316,
          11.798551,
          11.721809,
          11.573103
        ]
      },
      {
        "date": "2024-09-13",
        "close": 12.104576,
        "volume": 69125,
        "typical_volume": 1165439.3,
        "trend": 11.42004,
        "fair_value": 9.509255,
        "relative_strength": 7.733642,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.325261,
        "energy": 57.882464,
        "activity_lines": [
          11.957052,
          11.85308,
          11.772046,
          11.620206
        ]
      },
      {
        "date": "2024-09-20",
        "close": 12.222516,
        "volume": 115714,
        "typical_volume": 1161699.05,
        "trend": 11.465168,
        "fair_value": 9.531865,
        "relative_strength": 8.916896,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.831886,
        "energy": 62.260156,
        "activity_lines": [
          12.045017,
          11.925379,
          11.827808,
          11.671979
        ]
      },
      {
        "date": "2024-09-27",
        "close": 12.382716,
        "volume": 1001982,
        "typical_volume": 1166798.15,
        "trend": 11.513715,
        "fair_value": 9.555426,
        "relative_strength": 8.704074,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.412712,
        "energy": 62.795443,
        "activity_lines": [
          12.16479,
          12.024481,
          11.892719,
          11.731176
        ]
      },
      {
        "date": "2024-10-04",
        "close": 12.284433,
        "volume": 970602,
        "typical_volume": 1209549.4,
        "trend": 11.556219,
        "fair_value": 9.577795,
        "relative_strength": 7.949345,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.733197,
        "energy": 72.939663,
        "activity_lines": [
          12.232474,
          12.095771,
          11.942479,
          11.780899
        ]
      },
      {
        "date": "2024-10-11",
        "close": 12.509501,
        "volume": 3742271,
        "typical_volume": 1395765.9,
        "trend": 11.609025,
        "fair_value": 9.60163,
        "relative_strength": 9.81719,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.354489,
        "energy": 80.903817,
        "activity_lines": [
          12.358866,
          12.197299,
          12.009188,
          11.842401
        ]
      },
      {
        "date": "2024-10-18",
        "close": 12.621547,
        "volume": 1467653,
        "typical_volume": 1455968.55,
        "trend": 11.65684,
        "fair_value": 9.625984,
        "relative_strength": 8.965913,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.270586,
        "energy": 85.555343,
        "activity_lines": [
          12.465799,
          12.299024,
          12.081121,
          11.907725
        ]
      },
      {
        "date": "2024-10-25",
        "close": 12.580267,
        "volume": 1203426,
        "typical_volume": 1472791.95,
        "trend": 11.701878,
        "fair_value": 9.649618,
        "relative_strength": 9.570934,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.986717,
        "energy": 83.781066,
        "activity_lines": [
          12.524507,
          12.371549,
          12.142162,
          11.967301
        ]
      },
      {
        "date": "2024-11-01",
        "close": 12.381734,
        "volume": 382543,
        "typical_volume": 1485071.8,
        "trend": 11.744239,
        "fair_value": 9.671302,
        "relative_strength": 8.391473,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.209655,
        "energy": 76.468908,
        "activity_lines": [
          12.493188,
          12.395583,
          12.179053,
          12.011163
        ]
      },
      {
        "date": "2024-11-08",
        "close": 12.914432,
        "volume": 240259,
        "typical_volume": 1457604.45,
        "trend": 11.807482,
        "fair_value": 9.696838,
        "relative_strength": 13.993941,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 86.95221,
        "energy": 82.743075,
        "activity_lines": [
          12.639499,
          12.511218,
          12.263041,
          12.086659
        ]
      },
      {
        "date": "2024-11-15",
        "close": 12.681288,
        "volume": 71845,
        "typical_volume": 1289172.95,
        "trend": 11.874154,
        "fair_value": 9.720154,
        "relative_strength": 11.605055,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.519879,
        "energy": 69.066047,
        "activity_lines": [
          12.666097,
          12.56856,
          12.319149,
          12.143034
        ]
      },
      {
        "date": "2024-11-22",
        "close": 12.842921,
        "volume": 3653255,
        "typical_volume": 1379329.6,
        "trend": 11.938725,
        "fair_value": 9.744362,
        "relative_strength": 9.921823,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.272555,
        "energy": 68.003351,
        "activity_lines": [
          12.735119,
          12.636672,
          12.386428,
          12.205535
        ]
      },
      {
        "date": "2024-11-29",
        "close": 13.010468,
        "volume": 952234,
        "typical_volume": 1294064.8,
        "trend": 12.007742,
        "fair_value": 9.769486,
        "relative_strength": 10.602358,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.717236,
        "energy": 82.914759,
        "activity_lines": [
          12.845232,
          12.721824,
          12.465187,
          12.27468
        ]
      },
      {
        "date": "2024-12-06",
        "close": 13.134649,
        "volume": 68127,
        "typical_volume": 1066198.4,
        "trend": 12.073344,
        "fair_value": 9.795174,
        "relative_strength": 10.939351,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.29731,
        "energy": 89.338272,
        "activity_lines": [
          12.968059,
          12.815227,
          12.551411,
          12.347383
        ]
      },
      {
        "date": "2024-12-13",
        "close": 13.038065,
        "volume": 292432,
        "typical_volume": 1000266.15,
        "trend": 12.129866,
        "fair_value": 9.819741,
        "relative_strength": 9.872846,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.82317,
        "energy": 88.244435,
        "activity_lines": [
          13.008497,
          12.877398,
          12.622253,
          12.409623
        ]
      },
      {
        "date": "2024-12-20",
        "close": 12.834052,
        "volume": 766945,
        "typical_volume": 863791.35,
        "trend": 12.178814,
        "fair_value": 9.842405,
        "relative_strength": 10.632246,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.69879,
        "energy": 69.393345,
        "activity_lines": [
          12.972688,
          12.888774,
          12.667277,
          12.455055
        ]
      },
      {
        "date": "2024-12-27",
        "close": 12.882344,
        "volume": 16709,
        "typical_volume": 787607.15,
        "trend": 12.236231,
        "fair_value": 9.865091,
        "relative_strength": 9.774794,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.269936,
        "energy": 56.726211,
        "activity_lines": [
          12.942793,
          12.903028,
          12.710072,
          12.500444
        ]
      },
      {
        "date": "2025-01-03",
        "close": 12.776888,
        "volume": 170773,
        "typical_volume": 777099.6,
        "trend": 12.279485,
        "fair_value": 9.88666,
        "relative_strength": 7.536777,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.086885,
        "energy": 40.084935,
        "activity_lines": [
          12.875117,
          12.893368,
          12.735899,
          12.535325
        ]
      },
      {
        "date": "2025-01-10",
        "close": 12.556122,
        "volume": 314001,
        "typical_volume": 782949.0,
        "trend": 12.310742,
        "fair_value": 9.906289,
        "relative_strength": 5.105657,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.9346,
        "energy": 24.044786,
        "activity_lines": [
          12.749424,
          12.839993,
          12.736519,
          12.553173
        ]
      },
      {
        "date": "2025-01-17",
        "close": 12.974002,
        "volume": 206022,
        "typical_volume": 788348.25,
        "trend": 12.352467,
        "fair_value": 9.928681,
        "relative_strength": 5.112188,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 47.605237,
        "energy": 25.979195,
        "activity_lines": [
          12.801593,
          12.859425,
          12.77473,
          12.595963
        ]
      },
      {
        "date": "2025-01-24",
        "close": 13.216453,
        "volume": 3639046,
        "typical_volume": 967248.2,
        "trend": 12.399855,
        "fair_value": 9.952505,
        "relative_strength": 6.849167,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 70.328319,
        "energy": 40.024065,
        "activity_lines": [
          12.938851,
          12.921857,
          12.831584,
          12.651705
        ]
      },
      {
        "date": "2025-01-31",
        "close": 13.19871,
        "volume": 192246,
        "typical_volume": 973404.25,
        "trend": 12.44306,
        "fair_value": 9.975859,
        "relative_strength": 4.40535,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 67.418098,
        "energy": 45.707375,
        "activity_lines": [
          13.0447,
          12.971332,
          12.879323,
          12.703244
        ]
      },
      {
        "date": "2025-02-07",
        "close": 13.043977,
        "volume": 449720,
        "typical_volume": 990104.55,
        "trend": 12.474705,
        "fair_value": 9.997774,
        "relative_strength": 2.747877,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.467617,
        "energy": 49.997667,
        "activity_lines": [
          13.077881,
          12.986205,
          12.907115,
          12.742012
        ]
      },
      {
        "date": "2025-02-14",
        "close": 13.216453,
        "volume": 383207,
        "typical_volume": 959165.8,
        "trend": 12.520722,
        "fair_value": 10.020602,
        "relative_strength": 3.55971,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.023195,
        "energy": 64.157457,
        "activity_lines": [
          13.150747,
          13.031828,
          12.947422,
          12.789867
        ]
      },
      {
        "date": "2025-02-21",
        "close": 13.151693,
        "volume": 488914,
        "typical_volume": 935081.4,
        "trend": 12.569218,
        "fair_value": 10.042652,
        "relative_strength": 3.77416,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.156872,
        "energy": 54.781229,
        "activity_lines": [
          13.158005,
          13.064189,
          12.977592,
          12.830575
        ]
      },
      {
        "date": "2025-02-28",
        "close": 12.696143,
        "volume": 478779,
        "typical_volume": 771906.8,
        "trend": 12.612427,
        "fair_value": 10.061208,
        "relative_strength": -1.553996,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 27.31881,
        "energy": 19.717837,
        "activity_lines": [
          13.001567,
          13.011657,
          12.960245,
          12.838764
        ]
      },
      {
        "date": "2025-03-07",
        "close": 12.298895,
        "volume": 3447883,
        "typical_volume": 870918.3,
        "trend": 12.641446,
        "fair_value": 10.076747,
        "relative_strength": -3.182253,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": -11.674941,
        "energy": 15.849144,
        "activity_lines": [
          12.747401,
          12.889406,
          12.904177,
          12.818536
        ]
      },
      {
        "date": "2025-03-14",
        "close": 12.13881,
        "volume": 1778057,
        "typical_volume": 899649.85,
        "trend": 12.649451,
        "fair_value": 10.090968,
        "relative_strength": -3.905886,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -39.244862,
        "energy": 39.496571,
        "activity_lines": [
          12.49986,
          12.748656,
          12.834399,
          12.786108
        ]
      },
      {
        "date": "2025-03-21",
        "close": 12.222805,
        "volume": 1342233,
        "typical_volume": 947634.35,
        "trend": 12.653785,
        "fair_value": 10.10557,
        "relative_strength": -3.407015,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.990038,
        "energy": 51.350688,
        "activity_lines": [
          12.340662,
          12.634779,
          12.774723,
          12.758582
        ]
      },
      {
        "date": "2025-03-28",
        "close": 12.102246,
        "volume": 976064,
        "typical_volume": 984424.6,
        "trend": 12.65587,
        "fair_value": 10.119153,
        "relative_strength": -4.475411,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -46.2116,
        "energy": 71.616387,
        "activity_lines": [
          12.207521,
          12.505043,
          12.704322,
          12.722999
        ]
      },
      {
        "date": "2025-04-04",
        "close": 11.222766,
        "volume": 783292,
        "typical_volume": 1019996.95,
        "trend": 12.641382,
        "fair_value": 10.12661,
        "relative_strength": -4.762022,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -94.001819,
        "energy": 93.192976,
        "activity_lines": [
          11.851183,
          12.231252,
          12.554028,
          12.630541
        ]
      },
      {
        "date": "2025-04-11",
        "close": 11.367042,
        "volume": 7194202,
        "typical_volume": 1197044.3,
        "trend": 12.616798,
        "fair_value": 10.134935,
        "relative_strength": -2.501181,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -81.544879,
        "energy": 88.004949,
        "activity_lines": [
          11.641162,
          12.019942,
          12.424421,
          12.548325
        ]
      },
      {
        "date": "2025-04-18",
        "close": 11.444119,
        "volume": 1507159,
        "typical_volume": 1224790.55,
        "trend": 12.590851,
        "fair_value": 10.143663,
        "relative_strength": -5.572194,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.389802,
        "energy": 85.210413,
        "activity_lines": [
          11.518957,
          11.855948,
          12.309182,
          12.472668
        ]
      },
      {
        "date": "2025-04-25",
        "close": 11.878917,
        "volume": 2173688,
        "typical_volume": 1330068.6,
        "trend": 12.574058,
        "fair_value": 10.155154,
        "relative_strength": -3.701306,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.092294,
        "energy": 67.871562,
        "activity_lines": [
          11.587998,
          11.800097,
          12.242811,
          12.426737
        ]
      },
      {
        "date": "2025-05-02",
        "close": 12.274189,
        "volume": 2034087,
        "typical_volume": 1417151.35,
        "trend": 12.573717,
        "fair_value": 10.169095,
        "relative_strength": -2.715562,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.87727,
        "energy": 45.27337,
        "activity_lines": [
          11.811721,
          11.840433,
          12.220064,
          12.407391
        ]
      },
      {
        "date": "2025-05-09",
        "close": 12.272214,
        "volume": 514267,
        "typical_volume": 1404517.45,
        "trend": 12.565807,
        "fair_value": 10.182841,
        "relative_strength": -2.399542,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -41.98676,
        "energy": 25.704103,
        "activity_lines": [
          12.023324,
          11.896364,
          12.200768,
          12.387939
        ]
      },
      {
        "date": "2025-05-16",
        "close": 12.83844,
        "volume": 840404,
        "typical_volume": 1445702.2,
        "trend": 12.573037,
        "fair_value": 10.200085,
        "relative_strength": 0.405149,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -8.30671,
        "energy": 21.315452,
        "activity_lines": [
          12.353705,
          12.062953,
          12.238072,
          12.405528
        ]
      },
      {
        "date": "2025-05-23",
        "close": 12.570826,
        "volume": 1884989,
        "typical_volume": 1531413.0,
        "trend": 12.572722,
        "fair_value": 10.21538,
        "relative_strength": -2.16089,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -14.578864,
        "energy": 26.137425,
        "activity_lines": [
          12.496788,
          12.171075,
          12.250099,
          12.405386
        ]
      },
      {
        "date": "2025-05-30",
        "close": 12.802702,
        "volume": 396283,
        "typical_volume": 1535527.1,
        "trend": 12.586754,
        "fair_value": 10.231966,
        "relative_strength": -1.117175,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 23.811455,
        "energy": 31.320363,
        "activity_lines": [
          12.64205,
          12.313501,
          12.285191,
          12.420223
        ]
      },
      {
        "date": "2025-06-06",
        "close": 13.00584,
        "volume": 1042147,
        "typical_volume": 1577333.35,
        "trend": 12.589801,
        "fair_value": 10.263369,
        "relative_strength": -0.395736,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 32.139761,
        "energy": 37.865875,
        "activity_lines": [
          12.793439,
          12.482318,
          12.338455,
          12.447261
        ]
      },
      {
        "date": "2025-06-13",
        "close": 13.051422,
        "volume": 391633,
        "typical_volume": 1414962.7,
        "trend": 12.602139,
        "fair_value": 10.297999,
        "relative_strength": -0.253066,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 32.304694,
        "energy": 52.407467,
        "activity_lines": [
          12.911245,
          12.642994,
          12.395908,
          12.477043
        ]
      },
      {
        "date": "2025-06-20",
        "close": 12.970167,
        "volume": 287607,
        "typical_volume": 1419730.75,
        "trend": 12.606381,
        "fair_value": 10.329371,
        "relative_strength": -0.088294,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 28.005218,
        "energy": 50.6746,
        "activity_lines": [
          12.950018,
          12.755648,
          12.446408,
          12.500786
        ]
      },
      {
        "date": "2025-06-27",
        "close": 13.412118,
        "volume": 370241,
        "typical_volume": 1415756.8,
        "trend": 12.619769,
        "fair_value": 10.364953,
        "relative_strength": 2.925511,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 41.91954,
        "energy": 59.5503,
        "activity_lines": [
          13.127327,
          12.919509,
          12.540088,
          12.55277
        ]
      },
      {
        "date": "2025-07-04",
        "close": 13.551839,
        "volume": 409081,
        "typical_volume": 1417050.5,
        "trend": 12.633675,
        "fair_value": 10.399526,
        "relative_strength": 3.600307,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 53.282785,
        "energy": 70.881672,
        "activity_lines": [
          13.295123,
          13.072992,
          12.645321,
          12.612903
        ]
      },
      {
        "date": "2025-07-11",
        "close": 13.583548,
        "volume": 793942,
        "typical_volume": 1432301.9,
        "trend": 12.651858,
        "fair_value": 10.435115,
        "relative_strength": 2.39858,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 79.432735,
        "energy": 89.478502,
        "activity_lines": [
          13.423547,
          13.201823,
          12.751977,
          12.674185
        ]
      },
      {
        "date": "2025-07-18",
        "close": 13.678677,
        "volume": 76713,
        "typical_volume": 1412198.6,
        "trend": 12.680012,
        "fair_value": 10.469717,
        "relative_strength": 2.438001,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.846546,
        "energy": 90.991295,
        "activity_lines": [
          13.545166,
          13.324144,
          12.865637,
          12.740432
        ]
      },
      {
        "date": "2025-07-25",
        "close": 13.862988,
        "volume": 112487,
        "typical_volume": 1245428.8,
        "trend": 12.7127,
        "fair_value": 10.503977,
        "relative_strength": 2.215559,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.357595,
        "energy": 93.131262,
        "activity_lines": [
          13.686406,
          13.454404,
          12.992171,
          12.816753
        ]
      },
      {
        "date": "2025-08-01",
        "close": 13.545893,
        "volume": 916504,
        "typical_volume": 1202351.15,
        "trend": 12.738334,
        "fair_value": 10.535946,
        "relative_strength": 0.318266,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.593844,
        "energy": 86.40159,
        "activity_lines": [
          13.662426,
          13.508382,
          13.081057,
          12.870507
        ]
      },
      {
        "date": "2025-08-08",
        "close": 13.861997,
        "volume": 300665,
        "typical_volume": 1150272.75,
        "trend": 12.781863,
        "fair_value": 10.568121,
        "relative_strength": 2.188585,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.401079,
        "energy": 85.068404,
        "activity_lines": [
          13.734895,
          13.602105,
          13.193349,
          12.943001
        ]
      },
      {
        "date": "2025-08-15",
        "close": 14.025498,
        "volume": 502887,
        "typical_volume": 1126613.9,
        "trend": 12.816913,
        "fair_value": 10.601522,
        "relative_strength": 2.768521,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.672197,
        "energy": 88.006287,
        "activity_lines": [
          13.841187,
          13.706296,
          13.313406,
          13.023236
        ]
      },
      {
        "date": "2025-08-22",
        "close": 14.078482,
        "volume": 103806,
        "typical_volume": 1092639.6,
        "trend": 12.845647,
        "fair_value": 10.636777,
        "relative_strength": 1.061286,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.209843,
        "energy": 78.012657,
        "activity_lines": [
          13.935678,
          13.801581,
          13.429351,
          13.104627
        ]
      },
      {
        "date": "2025-08-29",
        "close": 14.044695,
        "volume": 189484,
        "typical_volume": 742403.7,
        "trend": 12.873847,
        "fair_value": 10.673167,
        "relative_strength": 2.170159,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.075281,
        "energy": 85.419492,
        "activity_lines": [
          13.992252,
          13.872049,
          13.528479,
          13.181985
        ]
      },
      {
        "date": "2025-09-05",
        "close": 14.082458,
        "volume": 4235640,
        "typical_volume": 878827.75,
        "trend": 12.908463,
        "fair_value": 10.709192,
        "relative_strength": 2.075258,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.069161,
        "energy": 84.312228,
        "activity_lines": [
          14.049301,
          13.929846,
          13.618454,
          13.25996
        ]
      },
      {
        "date": "2025-09-12",
        "close": 14.335864,
        "volume": 3569788,
        "typical_volume": 948632.75,
        "trend": 12.945776,
        "fair_value": 10.749622,
        "relative_strength": 2.964189,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.691774,
        "energy": 79.105029,
        "activity_lines": [
          14.155047,
          14.021529,
          13.719998,
          13.352051
        ]
      },
      {
        "date": "2025-09-19",
        "close": 14.441201,
        "volume": 323277,
        "typical_volume": 863092.25,
        "trend": 12.98876,
        "fair_value": 10.792775,
        "relative_strength": 4.360861,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.009369,
        "energy": 78.182717,
        "activity_lines": [
          14.264314,
          14.118109,
          13.819875,
          13.44853
        ]
      },
      {
        "date": "2025-09-26",
        "close": 14.423315,
        "volume": 265759,
        "typical_volume": 850666.85,
        "trend": 13.046332,
        "fair_value": 10.836169,
        "relative_strength": 3.380689,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.124727,
        "energy": 80.937378,
        "activity_lines": [
          14.339905,
          14.195844,
          13.90773,
          13.541082
        ]
      },
      {
        "date": "2025-10-03",
        "close": 14.682684,
        "volume": 218927,
        "typical_volume": 819593.0,
        "trend": 13.125792,
        "fair_value": 10.881149,
        "relative_strength": 2.866547,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.024208,
        "energy": 89.246622,
        "activity_lines": [
          14.478965,
          14.307198,
          14.010043,
          13.646653
        ]
      },
      {
        "date": "2025-10-10",
        "close": 14.475984,
        "volume": 710548,
        "typical_volume": 760870.95,
        "trend": 13.203698,
        "fair_value": 10.925276,
        "relative_strength": 2.078798,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.022217,
        "energy": 72.578633,
        "activity_lines": [
          14.506591,
          14.366066,
          14.083888,
          13.733762
        ]
      },
      {
        "date": "2025-10-17",
        "close": 14.413377,
        "volume": 173836,
        "typical_volume": 749748.6,
        "trend": 13.276717,
        "fair_value": 10.968266,
        "relative_strength": 2.389168,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.925739,
        "energy": 65.567849,
        "activity_lines": [
          14.487114,
          14.39664,
          14.142698,
          13.811806
        ]
      },
      {
        "date": "2025-10-24",
        "close": 14.795673,
        "volume": 69567,
        "typical_volume": 701119.6,
        "trend": 13.366498,
        "fair_value": 11.01134,
        "relative_strength": 1.922479,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.82458,
        "energy": 71.352554,
        "activity_lines": [
          14.589901,
          14.486698,
          14.230248,
          13.909803
        ]
      },
      {
        "date": "2025-10-31",
        "close": 14.899322,
        "volume": 141510,
        "typical_volume": 688613.45,
        "trend": 13.48905,
        "fair_value": 11.056771,
        "relative_strength": 1.854309,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.879091,
        "energy": 71.354699,
        "activity_lines": [
          14.703606,
          14.581598,
          14.319145,
          14.008695
        ]
      },
      {
        "date": "2025-11-07",
        "close": 14.484927,
        "volume": 443367,
        "typical_volume": 696401.45,
        "trend": 13.592979,
        "fair_value": 11.096623,
        "relative_strength": -0.491681,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.469504,
        "energy": 62.874964,
        "activity_lines": [
          14.647445,
          14.586228,
          14.359778,
          14.072945
        ]
      },
      {
        "date": "2025-11-14",
        "close": 14.738335,
        "volume": 218004,
        "typical_volume": 688789.6,
        "trend": 13.702786,
        "fair_value": 11.137958,
        "relative_strength": 1.152788,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.561372,
        "energy": 61.963024,
        "activity_lines": [
          14.688938,
          14.628929,
          14.417331,
          14.146839
        ]
      },
      {
        "date": "2025-11-21",
        "close": 14.332183,
        "volume": 656003,
        "typical_volume": 701135.7,
        "trend": 13.784562,
        "fair_value": 11.175767,
        "relative_strength": 0.068341,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.923724,
        "energy": 42.084667,
        "activity_lines": [
          14.577557,
          14.585859,
          14.429887,
          14.187445
        ]
      },
      {
        "date": "2025-11-28",
        "close": 14.912477,
        "volume": 277621,
        "typical_volume": 675319.65,
        "trend": 13.872505,
        "fair_value": 11.216975,
        "relative_strength": 2.230261,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.635246,
        "energy": 46.578805,
        "activity_lines": [
          14.66502,
          14.648364,
          14.493994,
          14.260214
        ]
      },
      {
        "date": "2025-12-05",
        "close": 14.994097,
        "volume": 531050,
        "typical_volume": 698036.5,
        "trend": 13.963234,
        "fair_value": 11.259762,
        "relative_strength": 3.398137,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.563074,
        "energy": 53.485531,
        "activity_lines": [
          14.771903,
          14.71714,
          14.559546,
          14.332574
        ]
      },
      {
        "date": "2025-12-12",
        "close": 14.891576,
        "volume": 479050,
        "typical_volume": 716364.65,
        "trend": 14.031672,
        "fair_value": 11.303605,
        "relative_strength": 2.918966,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.566723,
        "energy": 50.401559,
        "activity_lines": [
          14.838293,
          14.756899,
          14.60907,
          14.392467
        ]
      },
      {
        "date": "2025-12-19",
        "close": 14.904514,
        "volume": 509114,
        "typical_volume": 695995.15,
        "trend": 14.109462,
        "fair_value": 11.347636,
        "relative_strength": 0.528284,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.106523,
        "energy": 55.875093,
        "activity_lines": [
          14.881887,
          14.795211,
          14.654929,
          14.44878
        ]
      },
      {
        "date": "2025-12-26",
        "close": 15.077706,
        "volume": 590592,
        "typical_volume": 710491.5,
        "trend": 14.185295,
        "fair_value": 11.392811,
        "relative_strength": 2.041177,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.753274,
        "energy": 67.381949,
        "activity_lines": [
          14.972132,
          14.857222,
          14.710812,
          14.511247
        ]
      },
      {
        "date": "2026-01-02",
        "close": 14.944328,
        "volume": 302047,
        "typical_volume": 700449.5,
        "trend": 14.249911,
        "fair_value": 11.436617,
        "relative_strength": 0.388219,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.008361,
        "energy": 49.944469,
        "activity_lines": [
          14.968217,
          14.882903,
          14.748203,
          14.560217
        ]
      },
      {
        "date": "2026-01-09",
        "close": 15.185205,
        "volume": 173926,
        "typical_volume": 703955.5,
        "trend": 14.321038,
        "fair_value": 11.480545,
        "relative_strength": 0.287152,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.053117,
        "energy": 54.34397,
        "activity_lines": [
          15.042471,
          14.949677,
          14.80416,
          14.620559
        ]
      },
      {
        "date": "2026-01-16",
        "close": 15.185205,
        "volume": 90051,
        "typical_volume": 698983.85,
        "trend": 14.394872,
        "fair_value": 11.524926,
        "relative_strength": -0.744146,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.874923,
        "energy": 57.913842,
        "activity_lines": [
          15.103984,
          15.011254,
          14.854847,
          14.676311
        ]
      },
      {
        "date": "2026-01-23",
        "close": 15.126479,
        "volume": 373732,
        "typical_volume": 505888.45,
        "trend": 14.452018,
        "fair_value": 11.567208,
        "relative_strength": -0.151062,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.313316,
        "energy": 50.272585,
        "activity_lines": [
          15.126346,
          15.04942,
          14.894509,
          14.723512
        ]
      },
      {
        "date": "2026-01-30",
        "close": 15.148377,
        "volume": 264384,
        "typical_volume": 340618.25,
        "trend": 14.505235,
        "fair_value": 11.608111,
        "relative_strength": -0.738928,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.759977,
        "energy": 49.847697,
        "activity_lines": [
          15.14121,
          15.084511,
          14.931286,
          14.768438
        ]
      },
      {
        "date": "2026-02-06",
        "close": 15.057799,
        "volume": 434919,
        "typical_volume": 346200.35,
        "trend": 14.554377,
        "fair_value": 11.649715,
        "relative_strength": -2.665365,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.112688,
        "energy": 42.724705,
        "activity_lines": [
          15.12117,
          15.088293,
          14.955567,
          14.804087
        ]
      },
      {
        "date": "2026-02-13",
        "close": 14.986134,
        "volume": 319783,
        "typical_volume": 348901.55,
        "trend": 14.597959,
        "fair_value": 11.69117,
        "relative_strength": -3.741036,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.143512,
        "energy": 31.035914,
        "activity_lines": [
          15.069677,
          15.076403,
          14.970086,
          14.831943
        ]
      },
      {
        "date": "2026-02-20",
        "close": 15.038135,
        "volume": 404108,
        "typical_volume": 358160.6,
        "trend": 14.637131,
        "fair_value": 11.734195,
        "relative_strength": -5.444579,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 41.640827,
        "energy": 26.716349,
        "activity_lines": [
          15.048789,
          15.074113,
          14.986878,
          14.860341
        ]
      },
      {
        "date": "2026-02-27",
        "close": 15.020173,
        "volume": 240642,
        "typical_volume": 334665.3,
        "trend": 14.686273,
        "fair_value": 11.776331,
        "relative_strength": -7.416704,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.704715,
        "energy": 21.568838,
        "activity_lines": [
          15.031719,
          15.065892,
          15.000267,
          14.885054
        ]
      },
      {
        "date": "2026-03-06",
        "close": 14.776689,
        "volume": 1084561,
        "typical_volume": 380201.55,
        "trend": 14.716763,
        "fair_value": 11.818115,
        "relative_strength": -3.400171,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 17.275852,
        "energy": 14.219533,
        "activity_lines": [
          14.940574,
          15.011298,
          14.987875,
          14.890887
        ]
      },
      {
        "date": "2026-03-13",
        "close": 14.557155,
        "volume": 286884,
        "typical_volume": 391067.4,
        "trend": 14.734485,
        "fair_value": 11.858493,
        "relative_strength": -4.63182,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -11.59031,
        "energy": 19.120146,
        "activity_lines": [
          14.80103,
          14.922263,
          14.952846,
          14.88059
        ]
      },
      {
        "date": "2026-03-20",
        "close": 14.348596,
        "volume": 297587,
        "typical_volume": 398871.25,
        "trend": 14.743489,
        "fair_value": 11.897287,
        "relative_strength": -2.789888,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -39.938662,
        "energy": 44.073934,
        "activity_lines": [
          14.625343,
          14.802346,
          14.899089,
          14.855694
        ]
      },
      {
        "date": "2026-03-27",
        "close": 14.038254,
        "volume": 388597,
        "typical_volume": 396132.75,
        "trend": 14.743274,
        "fair_value": 11.932158,
        "relative_strength": -5.374078,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -47.982783,
        "energy": 66.183123,
        "activity_lines": [
          14.388711,
          14.641215,
          14.818399,
          14.810194
        ]
      },
      {
        "date": "2026-04-03",
        "close": 14.39849,
        "volume": 257417,
        "typical_volume": 398103.4,
        "trend": 14.753808,
        "fair_value": 11.969271,
        "relative_strength": -7.290183,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -35.995858,
        "energy": 63.454677,
        "activity_lines": [
          14.338817,
          14.566436,
          14.774143,
          14.78795
        ]
      },
      {
        "date": "2026-04-10",
        "close": 14.969281,
        "volume": 164969,
        "typical_volume": 373551.7,
        "trend": 14.774922,
        "fair_value": 12.009444,
        "relative_strength": -5.089365,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -18.938175,
        "energy": 36.188908,
        "activity_lines": [
          14.520632,
          14.608672,
          14.785867,
          14.801852
        ]
      },
      {
        "date": "2026-04-17",
        "close": 15.615911,
        "volume": 335387,
        "typical_volume": 376440.0,
        "trend": 14.814079,
        "fair_value": 12.053812,
        "relative_strength": -1.715183,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 35.024873,
        "energy": 18.759131,
        "activity_lines": [
          14.90515,
          14.771734,
          14.856141,
          14.856109
        ]
      },
      {
        "date": "2026-04-24",
        "close": 15.63986,
        "volume": 192858,
        "typical_volume": 359530.4,
        "trend": 14.854631,
        "fair_value": 12.098005,
        "relative_strength": 1.047383,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 73.455907,
        "energy": 51.687046,
        "activity_lines": [
          15.227068,
          14.929003,
          14.925347,
          14.909385
        ]
      },
      {
        "date": "2026-05-01",
        "close": 15.891327,
        "volume": 261496,
        "typical_volume": 348652.7,
        "trend": 14.894919,
        "fair_value": 12.144138,
        "relative_strength": 2.682949,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.061338,
        "energy": 68.68761,
        "activity_lines": [
          15.546724,
          15.120107,
          15.015426,
          14.976269
        ]
      },
      {
        "date": "2026-05-08",
        "close": 16.190693,
        "volume": 195352,
        "typical_volume": 332964.6,
        "trend": 14.952076,
        "fair_value": 12.192261,
        "relative_strength": 5.753471,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 85.555608,
        "energy": 91.310611,
        "activity_lines": [
          15.84263,
          15.350129,
          15.129256,
          15.059867
        ]
      },
      {
        "date": "2026-05-15",
        "close": 16.289482,
        "volume": 202106,
        "typical_volume": 313540.3,
        "trend": 15.014613,
        "fair_value": 12.239971,
        "relative_strength": 6.628476,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.951435,
        "energy": 93.231219,
        "activity_lines": [
          16.051986,
          15.57683,
          15.246369,
          15.146152
        ]
      },
      {
        "date": "2026-05-22",
        "close": 16.434999,
        "volume": 156955,
        "typical_volume": 306285.7,
        "trend": 15.069257,
        "fair_value": 12.288615,
        "relative_strength": 4.624159,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.757879,
        "energy": 92.770396,
        "activity_lines": [
          16.221834,
          15.802483,
          15.371571,
          15.237789
        ]
      },
      {
        "date": "2026-05-29",
        "close": 16.627001,
        "volume": 2377041,
        "typical_volume": 416441.45,
        "trend": 15.126846,
        "fair_value": 12.337281,
        "relative_strength": 6.238329,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.717722,
        "energy": 93.033375,
        "activity_lines": [
          16.401077,
          16.028903,
          15.507961,
          15.338289
        ]
      },
      {
        "date": "2026-06-05",
        "close": 16.438,
        "volume": 2123,
        "typical_volume": 412045.05,
        "trend": 15.191949,
        "fair_value": 12.384401,
        "relative_strength": 5.294753,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.000062,
        "energy": 86.387436,
        "activity_lines": [
          16.451511,
          16.179534,
          15.619484,
          15.42288
        ]
      },
      {
        "date": "2026-06-12",
        "close": 16.351999,
        "volume": 139163,
        "typical_volume": 400316.6,
        "trend": 15.245737,
        "fair_value": 12.429261,
        "relative_strength": 3.592615,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.251404,
        "energy": 76.310411,
        "activity_lines": [
          16.436832,
          16.270897,
          15.716852,
          15.497721
        ]
      },
      {
        "date": "2026-06-19",
        "close": 16.450001,
        "volume": 15133,
        "typical_volume": 387854.05,
        "trend": 15.316331,
        "fair_value": 12.475798,
        "relative_strength": 5.157051,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.239491,
        "energy": 68.184307,
        "activity_lines": [
          16.444067,
          16.34456,
          15.817717,
          15.575416
        ]
      },
      {
        "date": "2026-06-26",
        "close": 16.187,
        "volume": 17213,
        "typical_volume": 366968.75,
        "trend": 15.358816,
        "fair_value": 12.519347,
        "relative_strength": 2.029906,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.30026,
        "energy": 59.482202,
        "activity_lines": [
          16.352933,
          16.343482,
          15.887336,
          15.631588
        ]
      },
      {
        "date": "2026-07-03",
        "close": 16.469999,
        "volume": 39955,
        "typical_volume": 352977.35,
        "trend": 15.408012,
        "fair_value": 12.565092,
        "relative_strength": 2.143174,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.108513,
        "energy": 56.254025,
        "activity_lines": [
          16.372666,
          16.383475,
          15.97853,
          15.703277
        ]
      },
      {
        "date": "2026-07-10",
        "close": 16.59,
        "volume": 204609,
        "typical_volume": 343002.4,
        "trend": 15.464626,
        "fair_value": 12.61018,
        "relative_strength": 4.586799,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.745041,
        "energy": 63.0619,
        "activity_lines": [
          16.442866,
          16.430194,
          16.074087,
          15.779535
        ]
      },
      {
        "date": "2026-07-17",
        "close": 16.422001,
        "volume": 919103,
        "typical_volume": 376925.45,
        "trend": 15.515209,
        "fair_value": 12.653726,
        "relative_strength": 2.48426,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.862829,
        "energy": 58.61962,
        "activity_lines": [
          16.446934,
          16.433663,
          16.146254,
          15.841301
        ]
      },
      {
        "date": "2026-07-24",
        "close": 16.362,
        "volume": 81842,
        "typical_volume": 326789.5,
        "trend": 15.558019,
        "fair_value": 12.696395,
        "relative_strength": 0.813135,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.553823,
        "energy": 56.472556,
        "activity_lines": [
          16.426333,
          16.422018,
          16.206032,
          15.895932
        ]
      },
      {
        "date": "2026-07-31",
        "close": 16.306999,
        "volume": 2087311,
        "typical_volume": 416810.85,
        "trend": 15.603441,
        "fair_value": 12.739517,
        "relative_strength": -0.753643,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 49.106383,
        "energy": 46.830883,
        "activity_lines": [
          16.393266,
          16.399054,
          16.253022,
          15.944254
        ]
      },
      {
        "date": "2026-08-07",
        "close": 17.042999,
        "volume": 225676,
        "typical_volume": 413215.3,
        "trend": 15.665368,
        "fair_value": 12.788309,
        "relative_strength": 3.359935,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.024253,
        "energy": 63.545822,
        "activity_lines": [
          16.597533,
          16.512236,
          16.361775,
          16.037128
        ]
      }
    ],
    "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."
    }
  }
}