{
  "ticker": {
    "uuid": "a928f260-93c1-429a-95ca-e431fa18148b",
    "symbol": "CIPLA",
    "name": "Cipla Limited",
    "exchange": "NSI",
    "country": "IN",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^NSEI",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 54.057,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 64.372,
    "architecture_energy": 44.7,
    "architecture_maturity": 23.017,
    "architecture_confidence": 78.528,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 19.56,
        "rotation_up": 53.06,
        "upward_expansion": 79.59,
        "deceleration": 62.05,
        "rotation_down": 22.44,
        "downward_expansion": 6.26
      },
      "activity_lines": [
        1448.02666,
        1437.014537,
        1404.398267,
        1375.491343
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 1463.800049,
    "trend_reference": 1350.163127,
    "distance_from_trend": 0.084165,
    "trend_direction": "Weakening",
    "fair_value": 1420.380103,
    "distance_from_fair_value": 0.030569,
    "fair_value_direction": "Improving",
    "relative_strength": 3.22442,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.100602,
    "excess_performance": 0.144311,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.084165,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.021098,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.030569,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.068405,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.032244,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.077952,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.100602,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.175101,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4960081,
      "relative_activity": 0.74952,
      "balance": 1.175101,
      "dry_up": 1.053363,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.04317,
      "annualized_volatility": 0.201776,
      "from_high_reference": -0.125045,
      "from_low_reference": 0.267507
    },
    "levels": {
      "trend_reference": 1350.163127,
      "fair_value_reference": 1420.380103,
      "structural_low": 1154.86559,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 24,
        "median_return": -0.010353,
        "positive_rate": 0.416667,
        "directional_follow_through": 0.416667,
        "median_excess_return": -0.014649,
        "regime_survival": 0.666667,
        "best_return": 0.100726,
        "worst_return": -0.082286,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": -0.028909,
        "positive_rate": 0.272727,
        "directional_follow_through": 0.272727,
        "median_excess_return": -0.016234,
        "regime_survival": 0.363636,
        "best_return": 0.153113,
        "worst_return": -0.127563,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": -0.032313,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.023977,
        "regime_survival": 0.428571,
        "best_return": 0.151188,
        "worst_return": -0.162386,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.103516,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.015091,
        "regime_survival": 0.5,
        "best_return": 0.270279,
        "worst_return": -0.046406,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-08-04",
        "end": "2023-09-29",
        "tenure": "Developing",
        "return": -0.019508,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-10-06",
        "end": "2023-11-10",
        "tenure": "Developing",
        "return": 0.066294,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-11-17",
        "end": "2024-04-12",
        "tenure": "Established",
        "return": 0.117977,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-04-19",
        "end": "2024-06-14",
        "tenure": "Developing",
        "return": 0.162734,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-06-21",
        "end": "2024-10-25",
        "tenure": "Established",
        "return": -0.025964,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-01",
        "end": "2024-12-06",
        "tenure": "Developing",
        "return": -0.052675,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-12-13",
        "end": "2024-12-27",
        "tenure": "New",
        "return": 0.040973,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-03",
        "end": "2025-03-14",
        "tenure": "Developing",
        "return": -0.032655,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-21",
        "end": "2025-08-15",
        "tenure": "Established",
        "return": 0.037312,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-22",
        "end": "2025-09-26",
        "tenure": "Developing",
        "return": -0.058639,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-03",
        "end": "2026-01-02",
        "tenure": "Established",
        "return": -0.004019,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-09",
        "end": "2026-05-22",
        "tenure": "Established",
        "return": -0.054243,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-05-29",
        "end": "2026-07-17",
        "tenure": "Developing",
        "return": 0.022134,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.037715,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 1213.046509,
        "volume": 5643914,
        "typical_volume": 9851929.9,
        "trend": 967.77466,
        "fair_value": 913.745769,
        "relative_strength": 12.990106,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.490719,
        "energy": 92.59731,
        "activity_lines": [
          1191.501302,
          1123.392132,
          1045.414339,
          1003.183459
        ]
      },
      {
        "date": "2023-08-25",
        "close": 1186.556519,
        "volume": 6779039,
        "typical_volume": 9903460.7,
        "trend": 973.353105,
        "fair_value": 916.729777,
        "relative_strength": 10.585463,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.407453,
        "energy": 88.069637,
        "activity_lines": [
          1199.60529,
          1143.900468,
          1064.20179,
          1017.298418
        ]
      },
      {
        "date": "2023-09-01",
        "close": 1221.876587,
        "volume": 8428433,
        "typical_volume": 9964042.65,
        "trend": 980.91828,
        "fair_value": 920.088382,
        "relative_strength": 12.630683,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.641535,
        "energy": 79.934947,
        "activity_lines": [
          1208.988005,
          1167.058818,
          1084.842906,
          1033.332191
        ]
      },
      {
        "date": "2023-09-08",
        "close": 1221.091553,
        "volume": 7665174,
        "typical_volume": 9646281.7,
        "trend": 988.103687,
        "fair_value": 923.433618,
        "relative_strength": 10.227501,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.612612,
        "energy": 67.47207,
        "activity_lines": [
          1213.6875,
          1185.365814,
          1103.834725,
          1048.827241
        ]
      },
      {
        "date": "2023-09-15",
        "close": 1212.163574,
        "volume": 7573434,
        "typical_volume": 9485974.9,
        "trend": 995.233175,
        "fair_value": 926.225823,
        "relative_strength": 7.325957,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.362144,
        "energy": 64.077621,
        "activity_lines": [
          1213.131559,
          1197.807299,
          1120.402222,
          1063.282718
        ]
      },
      {
        "date": "2023-09-22",
        "close": 1163.500366,
        "volume": 8257919,
        "typical_volume": 9394908.15,
        "trend": 1002.815133,
        "fair_value": 928.929287,
        "relative_strength": 5.761151,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.006788,
        "energy": 54.263144,
        "activity_lines": [
          1197.316032,
          1197.421873,
          1130.771164,
          1074.138665
        ]
      },
      {
        "date": "2023-09-29",
        "close": 1163.745728,
        "volume": 7671194,
        "typical_volume": 9101387.3,
        "trend": 1013.102706,
        "fair_value": 931.616419,
        "relative_strength": 6.13104,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.661375,
        "energy": 45.485516,
        "activity_lines": [
          1184.885368,
          1194.168162,
          1139.908866,
          1084.521284
        ]
      },
      {
        "date": "2023-10-06",
        "close": 1141.032837,
        "volume": 4955942,
        "typical_volume": 8680751.15,
        "trend": 1022.55046,
        "fair_value": 933.971798,
        "relative_strength": 4.176017,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 43.587999,
        "energy": 33.296245,
        "activity_lines": [
          1166.40446,
          1184.337405,
          1145.686282,
          1092.774841
        ]
      },
      {
        "date": "2023-10-13",
        "close": 1145.693237,
        "volume": 6584025,
        "typical_volume": 8643771.6,
        "trend": 1032.385512,
        "fair_value": 936.485478,
        "relative_strength": 4.2572,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.112554,
        "energy": 25.278241,
        "activity_lines": [
          1154.866602,
          1175.618004,
          1150.720302,
          1100.719537
        ]
      },
      {
        "date": "2023-10-20",
        "close": 1177.530151,
        "volume": 11897353,
        "typical_volume": 8794860.55,
        "trend": 1043.177985,
        "fair_value": 939.356365,
        "relative_strength": 8.393599,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.102072,
        "energy": 22.315604,
        "activity_lines": [
          1158.967602,
          1173.436346,
          1157.739639,
          1110.083707
        ]
      },
      {
        "date": "2023-10-27",
        "close": 1152.070313,
        "volume": 6183320,
        "typical_volume": 8735912.65,
        "trend": 1052.36755,
        "fair_value": 942.08288,
        "relative_strength": 8.910823,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.190605,
        "energy": 20.482202,
        "activity_lines": [
          1156.890885,
          1167.517547,
          1161.203052,
          1117.109018
        ]
      },
      {
        "date": "2023-11-03",
        "close": 1183.563965,
        "volume": 7954837,
        "typical_volume": 8703374.25,
        "trend": 1062.838857,
        "fair_value": 944.792396,
        "relative_strength": 10.822085,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 45.933436,
        "energy": 28.735361,
        "activity_lines": [
          1166.074056,
          1168.433525,
          1166.67168,
          1125.573303
        ]
      },
      {
        "date": "2023-11-10",
        "close": 1216.676636,
        "volume": 4908694,
        "typical_volume": 8538903.5,
        "trend": 1073.687248,
        "fair_value": 947.993871,
        "relative_strength": 12.657254,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 69.073433,
        "energy": 45.964888,
        "activity_lines": [
          1184.973568,
          1175.424399,
          1174.320288,
          1135.498321
        ]
      },
      {
        "date": "2023-11-17",
        "close": 1225.800903,
        "volume": 4256760,
        "typical_volume": 8372674.2,
        "trend": 1084.86249,
        "fair_value": 951.283163,
        "relative_strength": 11.603423,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.52348,
        "energy": 57.279086,
        "activity_lines": [
          1201.871582,
          1184.168774,
          1181.629426,
          1145.312105
        ]
      },
      {
        "date": "2023-11-24",
        "close": 1176.009644,
        "volume": 16153728,
        "typical_volume": 8857068.55,
        "trend": 1094.605109,
        "fair_value": 954.218087,
        "relative_strength": 6.68196,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.405385,
        "energy": 41.320165,
        "activity_lines": [
          1196.831999,
          1183.77457,
          1183.06305,
          1151.192567
        ]
      },
      {
        "date": "2023-12-01",
        "close": 1182.92627,
        "volume": 8163449,
        "typical_volume": 8998860.45,
        "trend": 1104.0349,
        "fair_value": 957.065525,
        "relative_strength": 4.791081,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 52.53861,
        "energy": 37.741755,
        "activity_lines": [
          1194.199325,
          1185.295277,
          1184.285429,
          1156.890706
        ]
      },
      {
        "date": "2023-12-08",
        "close": 1196.073242,
        "volume": 8369573,
        "typical_volume": 9164454.7,
        "trend": 1113.49255,
        "fair_value": 960.065774,
        "relative_strength": 2.455507,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 52.388232,
        "energy": 32.620502,
        "activity_lines": [
          1193.891911,
          1188.853145,
          1185.904495,
          1162.828664
        ]
      },
      {
        "date": "2023-12-15",
        "close": 1184.299927,
        "volume": 8060289,
        "typical_volume": 8445653.1,
        "trend": 1123.245496,
        "fair_value": 962.758398,
        "relative_strength": -0.759386,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 36.843279,
        "energy": 19.675371,
        "activity_lines": [
          1188.826107,
          1189.682637,
          1185.607358,
          1167.396882
        ]
      },
      {
        "date": "2023-12-22",
        "close": 1212.261597,
        "volume": 9768077,
        "typical_volume": 8115062.5,
        "trend": 1132.791832,
        "fair_value": 965.384833,
        "relative_strength": 2.249034,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.548975,
        "energy": 29.628581,
        "activity_lines": [
          1195.239307,
          1194.809395,
          1187.83635,
          1173.139856
        ]
      },
      {
        "date": "2023-12-29",
        "close": 1222.759521,
        "volume": 7735689,
        "typical_volume": 7850542.15,
        "trend": 1142.217712,
        "fair_value": 968.119312,
        "relative_strength": 1.376641,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.133292,
        "energy": 34.468168,
        "activity_lines": [
          1206.054435,
          1200.634533,
          1190.944374,
          1178.944223
        ]
      },
      {
        "date": "2024-01-05",
        "close": 1262.592773,
        "volume": 7551500,
        "typical_volume": 7945921.45,
        "trend": 1152.861068,
        "fair_value": 971.034423,
        "relative_strength": 4.796569,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.064285,
        "energy": 53.66562,
        "activity_lines": [
          1227.030656,
          1212.879727,
          1197.864261,
          1186.710356
        ]
      },
      {
        "date": "2024-01-12",
        "close": 1283.294067,
        "volume": 8648386,
        "typical_volume": 8039388.8,
        "trend": 1163.000651,
        "fair_value": 974.17485,
        "relative_strength": 5.593716,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.826706,
        "energy": 70.548838,
        "activity_lines": [
          1249.596207,
          1226.879295,
          1206.519766,
          1195.125388
        ]
      },
      {
        "date": "2024-01-19",
        "close": 1302.867188,
        "volume": 6725620,
        "typical_volume": 7954248.15,
        "trend": 1174.332809,
        "fair_value": 977.535832,
        "relative_strength": 8.426421,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.082052,
        "energy": 77.808889,
        "activity_lines": [
          1272.871411,
          1242.624336,
          1216.578723,
          1204.149036
        ]
      },
      {
        "date": "2024-01-26",
        "close": 1343.779663,
        "volume": 11166996,
        "typical_volume": 8129339.25,
        "trend": 1186.199856,
        "fair_value": 981.050403,
        "relative_strength": 13.047177,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.106028,
        "energy": 85.400699,
        "activity_lines": [
          1301.879622,
          1264.240909,
          1230.148436,
          1215.081091
        ]
      },
      {
        "date": "2024-02-02",
        "close": 1366.345215,
        "volume": 10059025,
        "typical_volume": 8253618.8,
        "trend": 1198.634178,
        "fair_value": 984.575025,
        "relative_strength": 12.046263,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.262456,
        "energy": 86.727658,
        "activity_lines": [
          1329.641813,
          1287.815241,
          1245.28302,
          1226.703372
        ]
      },
      {
        "date": "2024-02-09",
        "close": 1412.555542,
        "volume": 6902918,
        "typical_volume": 8185868.75,
        "trend": 1212.276327,
        "fair_value": 988.390618,
        "relative_strength": 15.873977,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 86.564077,
        "energy": 91.851582,
        "activity_lines": [
          1363.235067,
          1316.330804,
          1264.08439,
          1240.504751
        ]
      },
      {
        "date": "2024-02-16",
        "close": 1413.487549,
        "volume": 4807712,
        "typical_volume": 8042694.65,
        "trend": 1225.088009,
        "fair_value": 992.46657,
        "relative_strength": 14.258447,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.126092,
        "energy": 90.162594,
        "activity_lines": [
          1387.141471,
          1340.840745,
          1281.788545,
          1253.48612
        ]
      },
      {
        "date": "2024-02-23",
        "close": 1438.702148,
        "volume": 6404314,
        "typical_volume": 8115113.25,
        "trend": 1234.526298,
        "fair_value": 996.829494,
        "relative_strength": 14.955926,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.865042,
        "energy": 91.445186,
        "activity_lines": [
          1410.773177,
          1365.982171,
          1300.704843,
          1267.267677
        ]
      },
      {
        "date": "2024-03-01",
        "close": 1443.117188,
        "volume": 10118960,
        "typical_volume": 8291860.0,
        "trend": 1243.066874,
        "fair_value": 1001.108962,
        "relative_strength": 14.035305,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.046469,
        "energy": 88.825162,
        "activity_lines": [
          1426.820899,
          1387.300837,
          1318.624149,
          1280.725154
        ]
      },
      {
        "date": "2024-03-08",
        "close": 1455.135864,
        "volume": 5180501,
        "typical_volume": 7956017.4,
        "trend": 1250.685209,
        "fair_value": 1005.460534,
        "relative_strength": 13.598274,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.038308,
        "energy": 83.695802,
        "activity_lines": [
          1440.252344,
          1406.607342,
          1336.271786,
          1294.407024
        ]
      },
      {
        "date": "2024-03-15",
        "close": 1459.943359,
        "volume": 9046062,
        "typical_volume": 8099154.5,
        "trend": 1258.915104,
        "fair_value": 1010.122621,
        "relative_strength": 15.760135,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.474819,
        "energy": 71.524117,
        "activity_lines": [
          1449.366911,
          1422.562913,
          1353.055348,
          1307.90755
        ]
      },
      {
        "date": "2024-03-22",
        "close": 1453.271606,
        "volume": 7819534,
        "typical_volume": 8092389.35,
        "trend": 1267.805607,
        "fair_value": 1014.576468,
        "relative_strength": 14.258043,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.367894,
        "energy": 62.784172,
        "activity_lines": [
          1453.098372,
          1433.717245,
          1367.737442,
          1320.446679
        ]
      },
      {
        "date": "2024-03-29",
        "close": 1468.675049,
        "volume": 5388368,
        "typical_volume": 8116373.05,
        "trend": 1276.032223,
        "fair_value": 1018.938577,
        "relative_strength": 13.697744,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.06388,
        "energy": 60.988064,
        "activity_lines": [
          1459.312044,
          1444.581703,
          1382.602209,
          1333.405998
        ]
      },
      {
        "date": "2024-04-05",
        "close": 1422.023315,
        "volume": 5330092,
        "typical_volume": 8170039.65,
        "trend": 1282.729948,
        "fair_value": 1022.601846,
        "relative_strength": 8.675702,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.833975,
        "energy": 51.653041,
        "activity_lines": [
          1447.976945,
          1443.949338,
          1391.823962,
          1342.824778
        ]
      },
      {
        "date": "2024-04-12",
        "close": 1370.41687,
        "volume": 6948326,
        "typical_volume": 7709769.55,
        "trend": 1288.005058,
        "fair_value": 1025.594716,
        "relative_strength": 4.330194,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.99777,
        "energy": 35.144934,
        "activity_lines": [
          1420.845955,
          1432.511372,
          1395.196422,
          1348.481999
        ]
      },
      {
        "date": "2024-04-19",
        "close": 1320.331055,
        "volume": 6706053,
        "typical_volume": 7636899.75,
        "trend": 1293.232747,
        "fair_value": 1028.281649,
        "relative_strength": 1.902057,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 23.398209,
        "energy": 20.789511,
        "activity_lines": [
          1382.667627,
          1411.892864,
          1392.873056,
          1350.567547
        ]
      },
      {
        "date": "2024-04-26",
        "close": 1382.533569,
        "volume": 9143658,
        "typical_volume": 7675604.0,
        "trend": 1300.525675,
        "fair_value": 1031.523219,
        "relative_strength": 4.96399,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 27.227201,
        "energy": 26.288633,
        "activity_lines": [
          1374.530957,
          1404.260713,
          1395.819431,
          1356.32889
        ]
      },
      {
        "date": "2024-05-03",
        "close": 1397.838867,
        "volume": 4754816,
        "typical_volume": 7510330.35,
        "trend": 1309.085876,
        "fair_value": 1035.032385,
        "relative_strength": 5.434703,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 24.078651,
        "energy": 24.54291,
        "activity_lines": [
          1376.211922,
          1399.974143,
          1399.335546,
          1362.607161
        ]
      },
      {
        "date": "2024-05-10",
        "close": 1314.248169,
        "volume": 9745497,
        "typical_volume": 7509201.35,
        "trend": 1314.704374,
        "fair_value": 1037.875126,
        "relative_strength": 0.699483,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -7.481525,
        "energy": 19.664089,
        "activity_lines": [
          1354.751733,
          1381.232233,
          1393.873791,
          1362.940212
        ]
      },
      {
        "date": "2024-05-17",
        "close": 1372.62439,
        "volume": 26195342,
        "typical_volume": 8432184.0,
        "trend": 1321.207515,
        "fair_value": 1040.95099,
        "relative_strength": 2.84397,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 9.66188,
        "energy": 12.723384,
        "activity_lines": [
          1359.935295,
          1375.447255,
          1393.486025,
          1366.676987
        ]
      },
      {
        "date": "2024-05-24",
        "close": 1458.373413,
        "volume": 12303414,
        "typical_volume": 8669779.7,
        "trend": 1331.417619,
        "fair_value": 1044.530528,
        "relative_strength": 6.467234,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 45.236496,
        "energy": 21.807952,
        "activity_lines": [
          1393.554696,
          1386.753216,
          1400.551191,
          1375.5264
        ]
      },
      {
        "date": "2024-05-31",
        "close": 1419.864868,
        "volume": 8788404,
        "typical_volume": 8676780.6,
        "trend": 1339.294316,
        "fair_value": 1047.788815,
        "relative_strength": 5.200535,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.084902,
        "energy": 20.506165,
        "activity_lines": [
          1405.135091,
          1391.086168,
          1403.016588,
          1381.232674
        ]
      },
      {
        "date": "2024-06-07",
        "close": 1468.969482,
        "volume": 8415648,
        "typical_volume": 8761282.0,
        "trend": 1347.704077,
        "fair_value": 1051.229436,
        "relative_strength": 4.877042,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 52.228113,
        "energy": 36.313584,
        "activity_lines": [
          1430.594938,
          1404.954627,
          1409.508277,
          1389.598814
        ]
      },
      {
        "date": "2024-06-14",
        "close": 1535.194458,
        "volume": 9400677,
        "typical_volume": 8672966.05,
        "trend": 1358.017196,
        "fair_value": 1055.137488,
        "relative_strength": 8.321005,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 75.165934,
        "energy": 68.626916,
        "activity_lines": [
          1473.387736,
          1430.858638,
          1421.516143,
          1401.694967
        ]
      },
      {
        "date": "2024-06-21",
        "close": 1512.432739,
        "volume": 8269326,
        "typical_volume": 8583481.1,
        "trend": 1369.231299,
        "fair_value": 1058.923095,
        "relative_strength": 6.122327,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.12031,
        "energy": 71.514707,
        "activity_lines": [
          1493.863541,
          1450.566497,
          1430.444728,
          1411.657261
        ]
      },
      {
        "date": "2024-06-28",
        "close": 1452.8302,
        "volume": 9294411,
        "typical_volume": 8703055.75,
        "trend": 1378.228096,
        "fair_value": 1062.19018,
        "relative_strength": -0.507904,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.571834,
        "energy": 64.251314,
        "activity_lines": [
          1485.151277,
          1456.855424,
          1433.001226,
          1417.050738
        ]
      },
      {
        "date": "2024-07-05",
        "close": 1481.380615,
        "volume": 7253948,
        "typical_volume": 8825367.55,
        "trend": 1387.738342,
        "fair_value": 1065.760063,
        "relative_strength": -0.159743,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.530519,
        "energy": 56.42471,
        "activity_lines": [
          1486.325366,
          1465.92626,
          1438.085026,
          1423.705739
        ]
      },
      {
        "date": "2024-07-12",
        "close": 1483.48999,
        "volume": 6493934,
        "typical_volume": 8829848.55,
        "trend": 1397.711344,
        "fair_value": 1069.236343,
        "relative_strength": -1.034184,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.513674,
        "energy": 36.876259,
        "activity_lines": [
          1484.10153,
          1473.5834,
          1443.04642,
          1429.883265
        ]
      },
      {
        "date": "2024-07-19",
        "close": 1457.441406,
        "volume": 5826714,
        "typical_volume": 8615236.25,
        "trend": 1405.884005,
        "fair_value": 1072.725627,
        "relative_strength": -3.107939,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 39.868326,
        "energy": 23.814556,
        "activity_lines": [
          1472.226798,
          1474.947141,
          1445.31372,
          1433.736817
        ]
      },
      {
        "date": "2024-07-26",
        "close": 1545.250854,
        "volume": 11725125,
        "typical_volume": 8942467.45,
        "trend": 1416.633716,
        "fair_value": 1076.950365,
        "relative_strength": 1.36426,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.760923,
        "energy": 39.400419,
        "activity_lines": [
          1494.80542,
          1489.672723,
          1455.875614,
          1442.728227
        ]
      },
      {
        "date": "2024-08-02",
        "close": 1512.641479,
        "volume": 11500130,
        "typical_volume": 9065170.85,
        "trend": 1424.968673,
        "fair_value": 1081.020095,
        "relative_strength": -0.316508,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.162973,
        "energy": 35.611974,
        "activity_lines": [
          1504.326375,
          1495.330664,
          1462.902735,
          1448.922276
        ]
      },
      {
        "date": "2024-08-09",
        "close": 1558.105713,
        "volume": 9352708,
        "typical_volume": 9141829.55,
        "trend": 1434.129061,
        "fair_value": 1085.455142,
        "relative_strength": 4.128909,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.570994,
        "energy": 49.256186,
        "activity_lines": [
          1525.014656,
          1508.268137,
          1474.008839,
          1457.511763
        ]
      },
      {
        "date": "2024-08-16",
        "close": 1559.441406,
        "volume": 5819526,
        "typical_volume": 9163387.45,
        "trend": 1442.681535,
        "fair_value": 1089.92079,
        "relative_strength": 3.457254,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.170806,
        "energy": 64.130793,
        "activity_lines": [
          1541.033162,
          1518.934994,
          1484.742942,
          1465.59643
        ]
      },
      {
        "date": "2024-08-23",
        "close": 1557.907959,
        "volume": 4908777,
        "typical_volume": 9142321.7,
        "trend": 1449.819145,
        "fair_value": 1094.171421,
        "relative_strength": 2.143898,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.899856,
        "energy": 64.123909,
        "activity_lines": [
          1551.477091,
          1527.678098,
          1494.898781,
          1473.030393
        ]
      },
      {
        "date": "2024-08-30",
        "close": 1637.408691,
        "volume": 9708448,
        "typical_volume": 9280327.8,
        "trend": 1458.854594,
        "fair_value": 1098.824887,
        "relative_strength": 5.533899,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.189693,
        "energy": 77.521901,
        "activity_lines": [
          1581.723494,
          1550.462908,
          1511.97905,
          1485.132944
        ]
      },
      {
        "date": "2024-09-06",
        "close": 1594.022095,
        "volume": 5585820,
        "typical_volume": 9224316.15,
        "trend": 1464.903479,
        "fair_value": 1103.149325,
        "relative_strength": 4.241435,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.905975,
        "energy": 70.587561,
        "activity_lines": [
          1591.363843,
          1563.086956,
          1523.655871,
          1493.853428
        ]
      },
      {
        "date": "2024-09-13",
        "close": 1642.157837,
        "volume": 5970867,
        "typical_volume": 9065676.6,
        "trend": 1472.525822,
        "fair_value": 1107.752836,
        "relative_strength": 5.09784,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.574187,
        "energy": 76.748687,
        "activity_lines": [
          1611.624064,
          1581.895832,
          1538.613759,
          1505.289193
        ]
      },
      {
        "date": "2024-09-20",
        "close": 1621.330444,
        "volume": 7278832,
        "typical_volume": 9191877.4,
        "trend": 1478.613432,
        "fair_value": 1112.138403,
        "relative_strength": 1.898477,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.405453,
        "energy": 68.53233,
        "activity_lines": [
          1619.338346,
          1593.994686,
          1550.351779,
          1514.889492
        ]
      },
      {
        "date": "2024-09-27",
        "close": 1654.822632,
        "volume": 9845516,
        "typical_volume": 9196878.35,
        "trend": 1485.67028,
        "fair_value": 1116.623497,
        "relative_strength": 2.335876,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.428289,
        "energy": 64.418529,
        "activity_lines": [
          1634.090755,
          1609.67684,
          1564.215286,
          1526.257827
        ]
      },
      {
        "date": "2024-10-04",
        "close": 1606.1427,
        "volume": 6163869,
        "typical_volume": 8195304.7,
        "trend": 1490.703841,
        "fair_value": 1121.225542,
        "relative_strength": 3.75007,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.765911,
        "energy": 48.40597,
        "activity_lines": [
          1626.155542,
          1612.919347,
          1571.820826,
          1534.030241
        ]
      },
      {
        "date": "2024-10-11",
        "close": 1578.883789,
        "volume": 8647323,
        "typical_volume": 8012500.15,
        "trend": 1494.668522,
        "fair_value": 1125.68855,
        "relative_strength": 2.028856,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.547596,
        "energy": 36.601891,
        "activity_lines": [
          1611.218424,
          1610.098564,
          1575.718287,
          1539.71927
        ]
      },
      {
        "date": "2024-10-18",
        "close": 1535.299316,
        "volume": 10404508,
        "typical_volume": 8093305.35,
        "trend": 1497.402779,
        "fair_value": 1129.965296,
        "relative_strength": -0.394632,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 35.05871,
        "energy": 20.279484,
        "activity_lines": [
          1582.76237,
          1598.148926,
          1574.890986,
          1542.340612
        ]
      },
      {
        "date": "2024-10-25",
        "close": 1473.163208,
        "volume": 7334426,
        "typical_volume": 8039244.25,
        "trend": 1497.552384,
        "fair_value": 1133.78972,
        "relative_strength": -1.778158,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 4.607947,
        "energy": 15.83443,
        "activity_lines": [
          1540.71818,
          1575.316475,
          1567.596274,
          1540.776768
        ]
      },
      {
        "date": "2024-11-01",
        "close": 1543.066406,
        "volume": 27454663,
        "typical_volume": 8941943.55,
        "trend": 1501.587154,
        "fair_value": 1138.027164,
        "relative_strength": 2.297941,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 9.950806,
        "energy": 18.458378,
        "activity_lines": [
          1531.852873,
          1566.762391,
          1566.939039,
          1543.713157
        ]
      },
      {
        "date": "2024-11-08",
        "close": 1575.76709,
        "volume": 11734078,
        "typical_volume": 9115181.15,
        "trend": 1508.432161,
        "fair_value": 1142.441633,
        "relative_strength": 5.056046,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 12.373971,
        "energy": 17.58147,
        "activity_lines": [
          1541.338208,
          1564.423733,
          1569.358669,
          1548.498959
        ]
      },
      {
        "date": "2024-11-15",
        "close": 1483.898438,
        "volume": 7529776,
        "typical_volume": 9026949.4,
        "trend": 1513.884407,
        "fair_value": 1146.41403,
        "relative_strength": 1.489397,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": -4.434008,
        "energy": 15.999789,
        "activity_lines": [
          1522.2257,
          1546.502439,
          1562.727311,
          1546.916138
        ]
      },
      {
        "date": "2024-11-22",
        "close": 1470.788452,
        "volume": 4944911,
        "typical_volume": 8911497.55,
        "trend": 1516.826237,
        "fair_value": 1149.840481,
        "relative_strength": -1.047846,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -23.788484,
        "energy": 27.093028,
        "activity_lines": [
          1505.075553,
          1528.19976,
          1554.69944,
          1544.135754
        ]
      },
      {
        "date": "2024-11-29",
        "close": 1517.6875,
        "volume": 12618695,
        "typical_volume": 9217735.6,
        "trend": 1520.821191,
        "fair_value": 1153.906859,
        "relative_strength": 1.018741,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -12.842817,
        "energy": 20.933886,
        "activity_lines": [
          1507.859147,
          1521.539988,
          1551.188583,
          1544.19132
        ]
      },
      {
        "date": "2024-12-06",
        "close": 1461.784668,
        "volume": 18104244,
        "typical_volume": 9831612.1,
        "trend": 1525.739075,
        "fair_value": 1157.727567,
        "relative_strength": -4.922185,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -24.369124,
        "energy": 37.056295,
        "activity_lines": [
          1489.040177,
          1506.600482,
          1542.190802,
          1540.382512
        ]
      },
      {
        "date": "2024-12-13",
        "close": 1432.00293,
        "volume": 11960909,
        "typical_volume": 9843401.3,
        "trend": 1527.718359,
        "fair_value": 1161.566591,
        "relative_strength": -7.274597,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -38.228323,
        "energy": 45.876473,
        "activity_lines": [
          1465.712744,
          1489.755895,
          1530.335982,
          1534.335018
        ]
      },
      {
        "date": "2024-12-20",
        "close": 1456.491333,
        "volume": 13700412,
        "typical_volume": 9953415.4,
        "trend": 1527.655623,
        "fair_value": 1165.263966,
        "relative_strength": -1.119126,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -32.0067,
        "energy": 39.813292,
        "activity_lines": [
          1460.132389,
          1480.529923,
          1521.352668,
          1529.739726
        ]
      },
      {
        "date": "2024-12-27",
        "close": 1490.676025,
        "volume": 4371489,
        "typical_volume": 9704354.45,
        "trend": 1530.015995,
        "fair_value": 1168.958213,
        "relative_strength": 0.046576,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -55.732492,
        "energy": 45.602727,
        "activity_lines": [
          1467.774072,
          1479.744667,
          1515.892419,
          1527.353946
        ]
      },
      {
        "date": "2025-01-03",
        "close": 1495.276855,
        "volume": 7773809,
        "typical_volume": 9802068.6,
        "trend": 1530.892908,
        "fair_value": 1172.86417,
        "relative_strength": -0.570995,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -51.904933,
        "energy": 31.681245,
        "activity_lines": [
          1475.623527,
          1480.607258,
          1511.191439,
          1525.112711
        ]
      },
      {
        "date": "2025-01-10",
        "close": 1453.275635,
        "volume": 5231374,
        "typical_volume": 9818198.45,
        "trend": 1528.16228,
        "fair_value": 1176.45898,
        "relative_strength": -1.1032,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.202676,
        "energy": 31.748284,
        "activity_lines": [
          1470.966618,
          1473.431197,
          1502.795889,
          1520.105145
        ]
      },
      {
        "date": "2025-01-17",
        "close": 1427.055786,
        "volume": 4768064,
        "typical_volume": 9571179.25,
        "trend": 1525.316382,
        "fair_value": 1180.22128,
        "relative_strength": -1.969465,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.965104,
        "energy": 36.092535,
        "activity_lines": [
          1458.137028,
          1463.12045,
          1492.401458,
          1513.582145
        ]
      },
      {
        "date": "2025-01-24",
        "close": 1396.4823,
        "volume": 5053527,
        "typical_volume": 9544564.6,
        "trend": 1523.438118,
        "fair_value": 1183.385291,
        "relative_strength": -3.53587,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.360064,
        "energy": 56.966139,
        "activity_lines": [
          1435.446086,
          1449.95473,
          1480.096948,
          1505.270269
        ]
      },
      {
        "date": "2025-01-31",
        "close": 1463.76355,
        "volume": 14708626,
        "typical_volume": 9981452.55,
        "trend": 1522.850883,
        "fair_value": 1186.894605,
        "relative_strength": -0.670617,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.08068,
        "energy": 53.335908,
        "activity_lines": [
          1439.182829,
          1450.611348,
          1475.140842,
          1501.420297
        ]
      },
      {
        "date": "2025-02-07",
        "close": 1456.689087,
        "volume": 11695710,
        "typical_volume": 10202296.45,
        "trend": 1521.957519,
        "fair_value": 1190.281585,
        "relative_strength": -1.275523,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.055771,
        "energy": 43.222458,
        "activity_lines": [
          1442.355583,
          1450.109426,
          1470.360474,
          1497.151794
        ]
      },
      {
        "date": "2025-02-14",
        "close": 1444.024414,
        "volume": 8596738,
        "typical_volume": 10139857.55,
        "trend": 1521.510286,
        "fair_value": 1193.894078,
        "relative_strength": 0.593716,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.351441,
        "energy": 33.861725,
        "activity_lines": [
          1443.879297,
          1448.413898,
          1465.157953,
          1492.123852
        ]
      },
      {
        "date": "2025-02-21",
        "close": 1460.1521,
        "volume": 6357078,
        "typical_volume": 10149518.0,
        "trend": 1518.673661,
        "fair_value": 1197.519621,
        "relative_strength": 2.33473,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -37.034806,
        "energy": 20.27599,
        "activity_lines": [
          1451.395654,
          1449.973591,
          1462.495203,
          1488.165259
        ]
      },
      {
        "date": "2025-02-28",
        "close": 1392.623535,
        "volume": 6997235,
        "typical_volume": 10067013.6,
        "trend": 1514.673063,
        "fair_value": 1200.665415,
        "relative_strength": 0.614191,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.404894,
        "energy": 34.93388,
        "activity_lines": [
          1434.196069,
          1438.743559,
          1454.096354,
          1480.032993
        ]
      },
      {
        "date": "2025-03-07",
        "close": 1443.034912,
        "volume": 6702280,
        "typical_volume": 9881902.2,
        "trend": 1510.83737,
        "fair_value": 1203.43436,
        "relative_strength": 2.300852,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.460936,
        "energy": 28.934432,
        "activity_lines": [
          1434.057528,
          1437.840465,
          1451.385543,
          1475.411177
        ]
      },
      {
        "date": "2025-03-14",
        "close": 1446.448486,
        "volume": 4195930,
        "typical_volume": 9724977.4,
        "trend": 1507.070939,
        "fair_value": 1206.196938,
        "relative_strength": 3.308161,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.25615,
        "energy": 27.063851,
        "activity_lines": [
          1436.438753,
          1438.424223,
          1449.439188,
          1471.257055
        ]
      },
      {
        "date": "2025-03-21",
        "close": 1507.743774,
        "volume": 6176618,
        "typical_volume": 8661075.15,
        "trend": 1505.3988,
        "fair_value": 1209.569729,
        "relative_strength": 3.328159,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -17.088424,
        "energy": 10.622376,
        "activity_lines": [
          1459.934448,
          1451.040367,
          1453.457693,
          1471.300464
        ]
      },
      {
        "date": "2025-03-28",
        "close": 1426.956665,
        "volume": 6639015,
        "typical_volume": 8406322.0,
        "trend": 1498.383732,
        "fair_value": 1212.416273,
        "relative_strength": -2.757907,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -37.224585,
        "energy": 16.414069,
        "activity_lines": [
          1452.253149,
          1447.977617,
          1449.95039,
          1466.239681
        ]
      },
      {
        "date": "2025-04-04",
        "close": 1400.291626,
        "volume": 8391742,
        "typical_volume": 8449420.3,
        "trend": 1491.92605,
        "fair_value": 1215.112065,
        "relative_strength": -1.951988,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -54.244865,
        "energy": 23.241456,
        "activity_lines": [
          1437.896533,
          1440.068479,
          1444.612181,
          1459.911158
        ]
      },
      {
        "date": "2025-04-11",
        "close": 1447.586426,
        "volume": 6942018,
        "typical_volume": 8549275.65,
        "trend": 1485.440336,
        "fair_value": 1218.079986,
        "relative_strength": 1.616457,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -40.360401,
        "energy": 17.451029,
        "activity_lines": [
          1438.793644,
          1440.689136,
          1444.176366,
          1457.050537
        ]
      },
      {
        "date": "2025-04-18",
        "close": 1499.185059,
        "volume": 3955621,
        "typical_volume": 8116121.95,
        "trend": 1481.368823,
        "fair_value": 1221.686605,
        "relative_strength": 0.623998,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -7.489305,
        "energy": 5.523761,
        "activity_lines": [
          1456.586865,
          1450.985491,
          1448.765193,
          1457.937293
        ]
      },
      {
        "date": "2025-04-25",
        "close": 1509.772095,
        "volume": 5288538,
        "typical_volume": 7475336.65,
        "trend": 1476.533805,
        "fair_value": 1225.27293,
        "relative_strength": 0.50813,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -2.973996,
        "energy": 6.223181,
        "activity_lines": [
          1474.393327,
          1462.434109,
          1454.450415,
          1459.769763
        ]
      },
      {
        "date": "2025-05-02",
        "close": 1498.492554,
        "volume": 6486456,
        "typical_volume": 7201614.0,
        "trend": 1472.945467,
        "fair_value": 1229.075332,
        "relative_strength": -1.48254,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 12.96998,
        "energy": 19.875451,
        "activity_lines": [
          1488.30472,
          1470.636488,
          1458.832884,
          1461.186456
        ]
      },
      {
        "date": "2025-05-09",
        "close": 1464.357178,
        "volume": 7815987,
        "typical_volume": 6907392.75,
        "trend": 1469.127913,
        "fair_value": 1232.659849,
        "relative_strength": -2.41077,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 11.083819,
        "energy": 20.315607,
        "activity_lines": [
          1486.068596,
          1471.935336,
          1459.647748,
          1460.632373
        ]
      },
      {
        "date": "2025-05-16",
        "close": 1484.046875,
        "volume": 14745360,
        "typical_volume": 7426086.3,
        "trend": 1467.419499,
        "fair_value": 1236.098652,
        "relative_strength": -5.046078,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 20.230825,
        "energy": 24.176896,
        "activity_lines": [
          1486.124667,
          1475.509881,
          1462.300364,
          1461.594886
        ]
      },
      {
        "date": "2025-05-23",
        "close": 1468.512817,
        "volume": 10151902,
        "typical_volume": 7544990.95,
        "trend": 1467.264486,
        "fair_value": 1239.51269,
        "relative_strength": -5.280532,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 17.50458,
        "energy": 10.665423,
        "activity_lines": [
          1478.572021,
          1475.51438,
          1463.505114,
          1461.665423
        ]
      },
      {
        "date": "2025-05-30",
        "close": 1450.208252,
        "volume": 11282574,
        "typical_volume": 7847550.95,
        "trend": 1464.169214,
        "fair_value": 1242.842917,
        "relative_strength": -5.945648,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -0.963429,
        "energy": 3.290741,
        "activity_lines": [
          1466.962671,
          1471.789606,
          1463.094019,
          1460.565021
        ]
      },
      {
        "date": "2025-06-06",
        "close": 1488.301392,
        "volume": 5562344,
        "typical_volume": 7887264.95,
        "trend": 1461.253691,
        "fair_value": 1246.38101,
        "relative_strength": -4.344538,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 34.66704,
        "energy": 13.988492,
        "activity_lines": [
          1472.021956,
          1476.036959,
          1466.325449,
          1462.121936
        ]
      },
      {
        "date": "2025-06-13",
        "close": 1489.290771,
        "volume": 4739162,
        "typical_volume": 7871546.7,
        "trend": 1461.433435,
        "fair_value": 1250.248595,
        "relative_strength": -3.024414,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 34.71139,
        "energy": 14.505859,
        "activity_lines": [
          1478.090446,
          1479.348839,
          1469.35946,
          1463.93078
        ]
      },
      {
        "date": "2025-06-20",
        "close": 1483.848999,
        "volume": 8131312,
        "typical_volume": 7542681.0,
        "trend": 1461.868787,
        "fair_value": 1253.963646,
        "relative_strength": -4.738605,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 43.519399,
        "energy": 18.950873,
        "activity_lines": [
          1480.682772,
          1480.053141,
          1471.433262,
          1465.376945
        ]
      },
      {
        "date": "2025-06-27",
        "close": 1502.400024,
        "volume": 6334109,
        "typical_volume": 7274600.95,
        "trend": 1461.359204,
        "fair_value": 1257.700763,
        "relative_strength": -5.468379,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 51.063142,
        "energy": 33.113096,
        "activity_lines": [
          1489.471964,
          1483.471036,
          1475.178184,
          1467.991864
        ]
      },
      {
        "date": "2025-07-04",
        "close": 1513.300049,
        "volume": 5428468,
        "typical_volume": 7116187.45,
        "trend": 1463.076383,
        "fair_value": 1261.593738,
        "relative_strength": -4.077722,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 55.45701,
        "energy": 41.388637,
        "activity_lines": [
          1499.635351,
          1488.8123,
          1479.743531,
          1471.342886
        ]
      },
      {
        "date": "2025-07-11",
        "close": 1485.0,
        "volume": 7721994,
        "typical_volume": 7184433.25,
        "trend": 1464.842952,
        "fair_value": 1265.115325,
        "relative_strength": -4.662649,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 50.747824,
        "energy": 36.987547,
        "activity_lines": [
          1496.159269,
          1488.943956,
          1481.283752,
          1472.757313
        ]
      },
      {
        "date": "2025-07-18",
        "close": 1482.300049,
        "volume": 6679463,
        "typical_volume": 7168544.65,
        "trend": 1465.703243,
        "fair_value": 1268.582045,
        "relative_strength": -4.143063,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 48.197185,
        "energy": 31.488397,
        "activity_lines": [
          1492.003296,
          1488.830031,
          1482.448512,
          1473.883577
        ]
      },
      {
        "date": "2025-07-25",
        "close": 1532.5,
        "volume": 10991645,
        "typical_volume": 7383012.9,
        "trend": 1467.097375,
        "fair_value": 1272.337653,
        "relative_strength": -0.35639,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 61.972969,
        "energy": 40.545342,
        "activity_lines": [
          1505.046688,
          1497.517136,
          1487.967188,
          1478.193045
        ]
      },
      {
        "date": "2025-08-01",
        "close": 1502.800049,
        "volume": 11104616,
        "typical_volume": 7728447.2,
        "trend": 1467.348149,
        "fair_value": 1275.550241,
        "relative_strength": -1.20631,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 47.460195,
        "energy": 25.154232,
        "activity_lines": [
          1504.946696,
          1499.923284,
          1490.231273,
          1480.496443
        ]
      },
      {
        "date": "2025-08-08",
        "close": 1485.800049,
        "volume": 5665896,
        "typical_volume": 7702911.1,
        "trend": 1468.432296,
        "fair_value": 1278.666642,
        "relative_strength": -1.423323,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 44.800281,
        "energy": 22.743077,
        "activity_lines": [
          1499.153369,
          1498.615119,
          1490.60797,
          1481.686889
        ]
      },
      {
        "date": "2025-08-15",
        "close": 1564.0,
        "volume": 6204232,
        "typical_volume": 7681171.95,
        "trend": 1472.997103,
        "fair_value": 1282.265921,
        "relative_strength": 2.637425,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 66.888419,
        "energy": 48.808988,
        "activity_lines": [
          1521.260026,
          1510.878003,
          1498.536775,
          1487.852547
        ]
      },
      {
        "date": "2025-08-22",
        "close": 1592.800049,
        "volume": 6891943,
        "typical_volume": 7606182.0,
        "trend": 1479.541028,
        "fair_value": 1286.107835,
        "relative_strength": 3.482451,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.716906,
        "energy": 61.363946,
        "activity_lines": [
          1547.700033,
          1527.000921,
          1508.555855,
          1495.581769
        ]
      },
      {
        "date": "2025-08-29",
        "close": 1589.400024,
        "volume": 6876425,
        "typical_volume": 7602902.35,
        "trend": 1483.72891,
        "fair_value": 1289.960394,
        "relative_strength": 5.129342,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.62227,
        "energy": 68.710174,
        "activity_lines": [
          1565.640031,
          1540.623666,
          1517.334416,
          1502.669446
        ]
      },
      {
        "date": "2025-09-05",
        "close": 1553.400024,
        "volume": 4422111,
        "typical_volume": 7626226.85,
        "trend": 1486.952608,
        "fair_value": 1293.315796,
        "relative_strength": 1.486193,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.100824,
        "energy": 66.625367,
        "activity_lines": [
          1567.786694,
          1545.781847,
          1522.009102,
          1507.164357
        ]
      },
      {
        "date": "2025-09-12",
        "close": 1574.599976,
        "volume": 3613518,
        "typical_volume": 7542475.85,
        "trend": 1491.305127,
        "fair_value": 1296.899426,
        "relative_strength": 1.408432,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.42322,
        "energy": 63.093149,
        "activity_lines": [
          1573.626676,
          1553.867292,
          1528.444666,
          1512.819026
        ]
      },
      {
        "date": "2025-09-19",
        "close": 1575.800049,
        "volume": 4355006,
        "typical_volume": 7435903.35,
        "trend": 1495.160059,
        "fair_value": 1300.337281,
        "relative_strength": 0.652256,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.492311,
        "energy": 47.999957,
        "activity_lines": [
          1573.946688,
          1561.056388,
          1534.685817,
          1518.270311
        ]
      },
      {
        "date": "2025-09-26",
        "close": 1499.400024,
        "volume": 8845151,
        "typical_volume": 7487361.55,
        "trend": 1498.719275,
        "fair_value": 1302.993114,
        "relative_strength": -1.54253,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 31.775626,
        "energy": 19.520533,
        "activity_lines": [
          1548.013354,
          1552.70366,
          1533.282645,
          1518.543857
        ]
      },
      {
        "date": "2025-10-03",
        "close": 1517.699951,
        "volume": 4889800,
        "typical_volume": 6994583.55,
        "trend": 1501.20811,
        "fair_value": 1305.669244,
        "relative_strength": -1.200133,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.162842,
        "energy": 15.85966,
        "activity_lines": [
          1534.406665,
          1547.367283,
          1533.455452,
          1519.768417
        ]
      },
      {
        "date": "2025-10-10",
        "close": 1561.800049,
        "volume": 5048411,
        "typical_volume": 6739409.0,
        "trend": 1505.053162,
        "fair_value": 1308.762821,
        "relative_strength": 0.144281,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.875768,
        "energy": 18.336548,
        "activity_lines": [
          1540.280013,
          1550.318197,
          1537.668016,
          1523.677574
        ]
      },
      {
        "date": "2025-10-17",
        "close": 1577.599976,
        "volume": 5577915,
        "typical_volume": 6454176.05,
        "trend": 1507.381702,
        "fair_value": 1311.796411,
        "relative_strength": -0.500091,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 42.045918,
        "energy": 19.65178,
        "activity_lines": [
          1550.860002,
          1555.069098,
          1542.94111,
          1528.358014
        ]
      },
      {
        "date": "2025-10-24",
        "close": 1584.400024,
        "volume": 9174851,
        "typical_volume": 6634801.4,
        "trend": 1512.629814,
        "fair_value": 1314.746014,
        "relative_strength": -0.417172,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 54.848086,
        "energy": 29.398749,
        "activity_lines": [
          1563.506673,
          1559.387282,
          1548.255201,
          1533.326938
        ]
      },
      {
        "date": "2025-10-31",
        "close": 1501.300049,
        "volume": 11020905,
        "typical_volume": 6948888.55,
        "trend": 1515.996761,
        "fair_value": 1317.219696,
        "relative_strength": -5.220803,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 20.512779,
        "energy": 13.837529,
        "activity_lines": [
          1547.880021,
          1548.225471,
          1545.197395,
          1532.595986
        ]
      },
      {
        "date": "2025-11-07",
        "close": 1505.699951,
        "volume": 5730301,
        "typical_volume": 6828838.0,
        "trend": 1517.933879,
        "fair_value": 1319.875674,
        "relative_strength": -3.900408,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 7.808383,
        "energy": 4.744033,
        "activity_lines": [
          1533.593335,
          1539.527277,
          1542.501441,
          1531.931675
        ]
      },
      {
        "date": "2025-11-14",
        "close": 1532.099976,
        "volume": 5202194,
        "typical_volume": 6772242.25,
        "trend": 1519.031043,
        "fair_value": 1322.819417,
        "relative_strength": -3.673737,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 15.703144,
        "energy": 12.16643,
        "activity_lines": [
          1528.906657,
          1537.150908,
          1542.215723,
          1532.845617
        ]
      },
      {
        "date": "2025-11-21",
        "close": 1511.800049,
        "volume": 4854883,
        "typical_volume": 6743563.0,
        "trend": 1519.098641,
        "fair_value": 1325.614628,
        "relative_strength": -5.422015,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 4.926539,
        "energy": 15.401486,
        "activity_lines": [
          1519.433342,
          1531.470916,
          1539.85525,
          1532.379101
        ]
      },
      {
        "date": "2025-11-28",
        "close": 1531.300049,
        "volume": 6599429,
        "typical_volume": 6687434.75,
        "trend": 1520.192224,
        "fair_value": 1328.478691,
        "relative_strength": -4.561625,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 8.705216,
        "energy": 16.676598,
        "activity_lines": [
          1520.846688,
          1530.478196,
          1539.359062,
          1533.166289
        ]
      },
      {
        "date": "2025-12-05",
        "close": 1520.800049,
        "volume": 5345392,
        "typical_volume": 6620731.2,
        "trend": 1522.073653,
        "fair_value": 1331.315686,
        "relative_strength": -5.121781,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 6.996851,
        "energy": 13.291014,
        "activity_lines": [
          1522.300033,
          1528.385476,
          1537.642399,
          1533.205503
        ]
      },
      {
        "date": "2025-12-12",
        "close": 1517.400024,
        "volume": 5886853,
        "typical_volume": 6365491.6,
        "trend": 1523.185425,
        "fair_value": 1334.246299,
        "relative_strength": -4.84006,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -12.379817,
        "energy": 11.608246,
        "activity_lines": [
          1521.320036,
          1525.285478,
          1535.41859,
          1532.903979
        ]
      },
      {
        "date": "2025-12-19",
        "close": 1517.099976,
        "volume": 4388331,
        "typical_volume": 6029677.35,
        "trend": 1524.804997,
        "fair_value": 1336.989392,
        "relative_strength": -4.464022,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -11.451814,
        "energy": 8.512737,
        "activity_lines": [
          1519.460018,
          1522.136379,
          1533.238109,
          1532.511369
        ]
      },
      {
        "date": "2025-12-26",
        "close": 1506.0,
        "volume": 3558806,
        "typical_volume": 5924322.85,
        "trend": 1526.664722,
        "fair_value": 1339.930837,
        "relative_strength": -5.297394,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -27.547734,
        "energy": 17.670812,
        "activity_lines": [
          1514.900008,
          1517.781832,
          1529.932393,
          1531.298144
        ]
      },
      {
        "date": "2026-01-02",
        "close": 1511.599976,
        "volume": 5147598,
        "typical_volume": 5871491.15,
        "trend": 1527.441341,
        "fair_value": 1342.905685,
        "relative_strength": -5.834047,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -24.212297,
        "energy": 21.548591,
        "activity_lines": [
          1512.593327,
          1515.747279,
          1527.063818,
          1530.326225
        ]
      },
      {
        "date": "2026-01-09",
        "close": 1465.699951,
        "volume": 12678573,
        "typical_volume": 6160822.65,
        "trend": 1526.65498,
        "fair_value": 1345.639952,
        "relative_strength": -6.253001,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.515785,
        "energy": 53.441756,
        "activity_lines": [
          1496.299976,
          1506.690905,
          1520.073336,
          1526.342909
        ]
      },
      {
        "date": "2026-01-16",
        "close": 1397.5,
        "volume": 10398750,
        "typical_volume": 6336938.9,
        "trend": 1523.776681,
        "fair_value": 1348.026253,
        "relative_strength": -10.452323,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -85.17643,
        "energy": 74.995636,
        "activity_lines": [
          1460.946647,
          1485.881814,
          1507.19286,
          1518.01033
        ]
      },
      {
        "date": "2026-01-23",
        "close": 1315.0,
        "volume": 14127244,
        "typical_volume": 6822195.55,
        "trend": 1517.530013,
        "fair_value": 1349.922387,
        "relative_strength": -13.34777,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -94.43664,
        "energy": 92.04966,
        "activity_lines": [
          1406.086654,
          1452.039995,
          1487.369049,
          1504.540867
        ]
      },
      {
        "date": "2026-01-30",
        "close": 1324.0,
        "volume": 9902555,
        "typical_volume": 7136647.4,
        "trend": 1511.220011,
        "fair_value": 1352.031865,
        "relative_strength": -13.417745,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -87.915219,
        "energy": 94.981592,
        "activity_lines": [
          1367.699992,
          1423.781812,
          1469.53762,
          1492.055059
        ]
      },
      {
        "date": "2026-02-06",
        "close": 1330.0,
        "volume": 8592561,
        "typical_volume": 7348525.15,
        "trend": 1506.053345,
        "fair_value": 1354.111805,
        "relative_strength": -14.012571,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.497155,
        "energy": 90.727372,
        "activity_lines": [
          1343.446663,
          1400.029084,
          1453.470953,
          1480.363446
        ]
      },
      {
        "date": "2026-02-13",
        "close": 1331.5,
        "volume": 6671005,
        "typical_volume": 7239817.85,
        "trend": 1501.026676,
        "fair_value": 1356.247838,
        "relative_strength": -12.865367,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.448517,
        "energy": 88.315886,
        "activity_lines": [
          1331.8,
          1380.209084,
          1438.717619,
          1469.10194
        ]
      },
      {
        "date": "2026-02-20",
        "close": 1341.099976,
        "volume": 6288860,
        "typical_volume": 7309770.85,
        "trend": 1494.646676,
        "fair_value": 1358.844366,
        "relative_strength": -12.254375,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.2395,
        "energy": 81.227485,
        "activity_lines": [
          1332.299992,
          1365.576354,
          1425.678093,
          1458.784088
        ]
      },
      {
        "date": "2026-02-27",
        "close": 1348.199951,
        "volume": 10187247,
        "typical_volume": 7566712.65,
        "trend": 1489.493339,
        "fair_value": 1362.005144,
        "relative_strength": -10.142681,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.286933,
        "energy": 59.867266,
        "activity_lines": [
          1338.926644,
          1355.439984,
          1414.155707,
          1449.335912
        ]
      },
      {
        "date": "2026-03-06",
        "close": 1321.199951,
        "volume": 5718295,
        "typical_volume": 7573731.65,
        "trend": 1484.006669,
        "fair_value": 1364.976937,
        "relative_strength": -9.027512,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.830559,
        "energy": 58.254289,
        "activity_lines": [
          1334.339966,
          1343.465432,
          1401.079036,
          1438.478274
        ]
      },
      {
        "date": "2026-03-13",
        "close": 1314.699951,
        "volume": 6744826,
        "typical_volume": 7452230.4,
        "trend": 1475.696668,
        "fair_value": 1367.95167,
        "relative_strength": -4.15253,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.901273,
        "energy": 55.599583,
        "activity_lines": [
          1327.773291,
          1333.669063,
          1388.60427,
          1427.55526
        ]
      },
      {
        "date": "2026-03-20",
        "close": 1256.400024,
        "volume": 7989576,
        "typical_volume": 7300663.95,
        "trend": 1464.483333,
        "fair_value": 1370.532721,
        "relative_strength": -7.952632,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -79.490317,
        "energy": 61.566979,
        "activity_lines": [
          1302.79331,
          1316.852708,
          1371.861415,
          1413.40709
        ]
      },
      {
        "date": "2026-03-27",
        "close": 1242.300049,
        "volume": 5835987,
        "typical_volume": 7305948.25,
        "trend": 1452.913334,
        "fair_value": 1372.878341,
        "relative_strength": -7.621976,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.469715,
        "energy": 64.572722,
        "activity_lines": [
          1278.120003,
          1301.278174,
          1354.941897,
          1399.072684
        ]
      },
      {
        "date": "2026-04-03",
        "close": 1181.317505,
        "volume": 7398240,
        "typical_volume": 7415750.55,
        "trend": 1440.510584,
        "fair_value": 1374.877654,
        "relative_strength": -11.481171,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -85.177676,
        "energy": 82.248237,
        "activity_lines": [
          1239.705843,
          1277.437722,
          1333.468802,
          1381.550373
        ]
      },
      {
        "date": "2026-04-10",
        "close": 1218.072632,
        "volume": 11343911,
        "typical_volume": 7740201.95,
        "trend": 1428.626339,
        "fair_value": 1376.972832,
        "relative_strength": -13.441253,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.750626,
        "energy": 81.951061,
        "activity_lines": [
          1224.668888,
          1262.710611,
          1317.166589,
          1367.199537
        ]
      },
      {
        "date": "2026-04-17",
        "close": 1229.2677,
        "volume": 6978761,
        "typical_volume": 7759168.55,
        "trend": 1417.07526,
        "fair_value": 1379.14414,
        "relative_strength": -13.379958,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.831899,
        "energy": 80.430912,
        "activity_lines": [
          1220.238778,
          1251.94492,
          1303.329274,
          1354.337689
        ]
      },
      {
        "date": "2026-04-24",
        "close": 1282.963867,
        "volume": 13460483,
        "typical_volume": 8164923.1,
        "trend": 1409.860722,
        "fair_value": 1381.703324,
        "relative_strength": -7.594686,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.649417,
        "energy": 57.686767,
        "activity_lines": [
          1239.402873,
          1252.773664,
          1296.04413,
          1345.685341
        ]
      },
      {
        "date": "2026-05-01",
        "close": 1297.428101,
        "volume": 5579601,
        "typical_volume": 8149560.5,
        "trend": 1402.518327,
        "fair_value": 1384.250732,
        "relative_strength": -6.709676,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.908889,
        "energy": 39.756224,
        "activity_lines": [
          1261.617456,
          1257.114744,
          1291.269084,
          1338.431624
        ]
      },
      {
        "date": "2026-05-08",
        "close": 1334.480591,
        "volume": 6287440,
        "typical_volume": 8244515.95,
        "trend": 1394.941012,
        "fair_value": 1386.956737,
        "relative_strength": -4.570761,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.970462,
        "energy": 24.907184,
        "activity_lines": [
          1292.507666,
          1268.986674,
          1291.070333,
          1334.042092
        ]
      },
      {
        "date": "2026-05-15",
        "close": 1418.789551,
        "volume": 19147624,
        "typical_volume": 9023956.85,
        "trend": 1389.647331,
        "fair_value": 1390.335442,
        "relative_strength": 3.720011,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 4.01799,
        "energy": 22.055543,
        "activity_lines": [
          1341.28999,
          1296.43695,
          1299.770622,
          1335.580708
        ]
      },
      {
        "date": "2026-05-22",
        "close": 1386.195313,
        "volume": 6772092,
        "typical_volume": 9105181.55,
        "trend": 1383.040507,
        "fair_value": 1393.286236,
        "relative_strength": 1.035068,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 7.005756,
        "energy": 27.927984,
        "activity_lines": [
          1365.826441,
          1316.186643,
          1305.781987,
          1335.357997
        ]
      },
      {
        "date": "2026-05-29",
        "close": 1387.978638,
        "volume": 12280139,
        "typical_volume": 9085259.85,
        "trend": 1379.263127,
        "fair_value": 1396.158002,
        "relative_strength": 1.890185,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 25.303733,
        "energy": 36.941436,
        "activity_lines": [
          1380.495492,
          1334.960663,
          1312.560356,
          1335.676586
        ]
      },
      {
        "date": "2026-06-05",
        "close": 1401.300049,
        "volume": 1050391,
        "typical_volume": 8617841.9,
        "trend": 1375.78313,
        "fair_value": 1399.09395,
        "relative_strength": 3.649805,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 29.160853,
        "energy": 39.360309,
        "activity_lines": [
          1392.604029,
          1353.764418,
          1320.977533,
          1337.098323
        ]
      },
      {
        "date": "2026-06-12",
        "close": 1389.400024,
        "volume": 805612,
        "typical_volume": 7951760.3,
        "trend": 1371.026465,
        "fair_value": 1401.724037,
        "relative_strength": 1.703488,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 24.936912,
        "energy": 47.216277,
        "activity_lines": [
          1393.821094,
          1367.513623,
          1328.243279,
          1337.976832
        ]
      },
      {
        "date": "2026-06-19",
        "close": 1351.800049,
        "volume": 1476650,
        "typical_volume": 7530465.05,
        "trend": 1365.693132,
        "fair_value": 1404.21697,
        "relative_strength": -2.566188,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 20.831936,
        "energy": 25.833336,
        "activity_lines": [
          1378.843538,
          1370.643151,
          1331.573789,
          1336.736418
        ]
      },
      {
        "date": "2026-06-26",
        "close": 1440.099976,
        "volume": 0,
        "typical_volume": 7100837.0,
        "trend": 1362.653129,
        "fair_value": 1407.116532,
        "relative_strength": 3.569548,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 46.07384,
        "energy": 36.068452,
        "activity_lines": [
          1397.765259,
          1387.395803,
          1343.181435,
          1341.53686
        ]
      },
      {
        "date": "2026-07-03",
        "close": 1458.199951,
        "volume": 1261674,
        "typical_volume": 6830370.45,
        "trend": 1360.566459,
        "fair_value": 1410.09656,
        "relative_strength": 3.920653,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 48.33943,
        "energy": 47.418648,
        "activity_lines": [
          1419.12666,
          1403.606046,
          1355.988602,
          1347.701171
        ]
      },
      {
        "date": "2026-07-10",
        "close": 1439.400024,
        "volume": 4791690,
        "typical_volume": 6755511.95,
        "trend": 1357.966459,
        "fair_value": 1412.892131,
        "relative_strength": 2.837605,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 38.375725,
        "energy": 52.22764,
        "activity_lines": [
          1429.539998,
          1413.21201,
          1366.401967,
          1352.787208
        ]
      },
      {
        "date": "2026-07-17",
        "close": 1418.699951,
        "volume": 4166604,
        "typical_volume": 6454479.8,
        "trend": 1354.686458,
        "fair_value": 1415.389328,
        "relative_strength": 0.863819,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 60.38035,
        "energy": 65.248879,
        "activity_lines": [
          1430.513314,
          1416.473016,
          1374.375801,
          1356.705497
        ]
      },
      {
        "date": "2026-07-24",
        "close": 1410.599976,
        "volume": 11724111,
        "typical_volume": 6754770.6,
        "trend": 1351.506458,
        "fair_value": 1417.024242,
        "relative_strength": 2.760222,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.786976,
        "energy": 52.913514,
        "activity_lines": [
          1426.833309,
          1416.730038,
          1381.242494,
          1360.312821
        ]
      },
      {
        "date": "2026-07-31",
        "close": 1473.199951,
        "volume": 7032465,
        "typical_volume": 6769152.55,
        "trend": 1350.226457,
        "fair_value": 1418.859499,
        "relative_strength": 4.63506,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.052505,
        "energy": 46.10572,
        "activity_lines": [
          1440.099967,
          1428.517776,
          1393.645376,
          1368.164014
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1463.800049,
        "volume": 4960081,
        "typical_volume": 6617677.8,
        "trend": 1350.163127,
        "fair_value": 1420.380103,
        "relative_strength": 3.22442,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.371549,
        "energy": 44.700218,
        "activity_lines": [
          1448.02666,
          1437.014537,
          1404.398267,
          1375.491343
        ]
      }
    ],
    "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."
    }
  }
}