{
  "ticker": {
    "uuid": "b221ee71-1c30-4148-b584-af9a3d56d7d5",
    "symbol": "SWRD",
    "name": "State Street SPDR MSCI World UCITS ETF",
    "exchange": "AMS",
    "country": "NL",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^AEX",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 84.525,
    "architecture_energy": 68.483,
    "architecture_maturity": 79.316,
    "architecture_confidence": 70.124,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 13.12,
        "rotation_up": 55.09,
        "upward_expansion": 83.0,
        "deceleration": 71.12,
        "rotation_down": 28.32,
        "downward_expansion": 12.0
      },
      "activity_lines": [
        46.118734,
        45.8986,
        45.201153,
        44.266822
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 47.048,
    "trend_reference": 43.175034,
    "distance_from_trend": 0.089704,
    "trend_direction": "Improving",
    "fair_value": 36.493699,
    "distance_from_fair_value": 0.289209,
    "fair_value_direction": "Improving",
    "relative_strength": 0.678211,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.143524,
    "excess_performance": 0.026861,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.089704,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.041631,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.289209,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.042704,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.006782,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.027655,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.143524,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.504628,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 205861,
      "relative_activity": 1.206374,
      "balance": 2.504628,
      "dry_up": 1.147542,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.017699,
      "annualized_volatility": 0.106401,
      "from_high_reference": -0.002015,
      "from_low_reference": 0.243012
    },
    "levels": {
      "trend_reference": 43.175034,
      "fair_value_reference": 36.493699,
      "structural_low": 39.192001,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 40,
        "median_return": 0.01014,
        "positive_rate": 0.65,
        "directional_follow_through": 0.65,
        "median_excess_return": -0.001704,
        "regime_survival": 0.85,
        "best_return": 0.067269,
        "worst_return": -0.082508,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
        "median_return": 0.027674,
        "positive_rate": 0.769231,
        "directional_follow_through": 0.769231,
        "median_excess_return": 0.013549,
        "regime_survival": 0.538462,
        "best_return": 0.100614,
        "worst_return": -0.151808,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.087184,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.714286,
        "median_excess_return": 0.018552,
        "regime_survival": 0.428571,
        "best_return": 0.153026,
        "worst_return": -0.0732,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.06474,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.062358,
        "regime_survival": 0.0,
        "best_return": 0.234139,
        "worst_return": 0.015236,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-05-10",
        "end": "2024-05-17",
        "tenure": "New",
        "return": 0.00669,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-24",
        "end": "2024-08-02",
        "tenure": "Developing",
        "return": -0.015032,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-09",
        "end": "2024-09-27",
        "tenure": "Developing",
        "return": 0.062558,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-04",
        "end": "2025-02-28",
        "tenure": "Established",
        "return": 0.084837,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-07",
        "end": "2025-04-11",
        "tenure": "Developing",
        "return": -0.114296,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-18",
        "end": "2025-06-06",
        "tenure": "Developing",
        "return": 0.126637,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-13",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.020611,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-18",
        "end": "2025-08-22",
        "tenure": "Developing",
        "return": 0.028193,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-29",
        "end": "2026-02-13",
        "tenure": "Established",
        "return": 0.074172,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-02-20",
        "end": "2026-02-27",
        "tenure": "New",
        "return": -0.001611,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-03-06",
        "end": "2026-03-13",
        "tenure": "New",
        "return": -0.012103,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-20",
        "end": "2026-03-27",
        "tenure": "New",
        "return": -0.012844,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-04-03",
        "end": "2026-04-24",
        "tenure": "New",
        "return": 0.057253,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-01",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": 0.099278,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 27.6,
        "volume": 25856,
        "typical_volume": 45931.65,
        "trend": 27.060033,
        "fair_value": 25.500141,
        "relative_strength": 2.891839,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 47.102942,
        "energy": 37.571194,
        "activity_lines": [
          28.076867,
          28.089746,
          27.825857,
          27.467505
        ]
      },
      {
        "date": "2023-08-25",
        "close": 27.948999,
        "volume": 41965,
        "typical_volume": 46291.4,
        "trend": 27.115767,
        "fair_value": 25.549173,
        "relative_strength": 4.496395,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 39.400565,
        "energy": 24.133081,
        "activity_lines": [
          27.986067,
          28.068618,
          27.872224,
          27.524858
        ]
      },
      {
        "date": "2023-09-01",
        "close": 28.77,
        "volume": 64396,
        "typical_volume": 46505.8,
        "trend": 27.182033,
        "fair_value": 25.606385,
        "relative_strength": 5.800842,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 61.182041,
        "energy": 35.044054,
        "activity_lines": [
          28.1948,
          28.200527,
          27.988705,
          27.631583
        ]
      },
      {
        "date": "2023-09-08",
        "close": 28.674,
        "volume": 116182,
        "typical_volume": 49510.7,
        "trend": 27.248467,
        "fair_value": 25.663314,
        "relative_strength": 6.490015,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 64.545963,
        "energy": 41.034343,
        "activity_lines": [
          28.3724,
          28.293782,
          28.085057,
          27.727839
        ]
      },
      {
        "date": "2023-09-15",
        "close": 28.888,
        "volume": 60049,
        "typical_volume": 50703.85,
        "trend": 27.322667,
        "fair_value": 25.721865,
        "relative_strength": 6.949017,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.429754,
        "energy": 57.060072,
        "activity_lines": [
          28.596267,
          28.416255,
          28.191295,
          27.833615
        ]
      },
      {
        "date": "2023-09-22",
        "close": 28.277,
        "volume": 107597,
        "typical_volume": 53832.25,
        "trend": 27.389367,
        "fair_value": 25.777096,
        "relative_strength": 6.393812,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.804825,
        "energy": 51.882686,
        "activity_lines": [
          28.5632,
          28.407109,
          28.227257,
          27.895185
        ]
      },
      {
        "date": "2023-09-29",
        "close": 28.186001,
        "volume": 55091,
        "typical_volume": 54931.8,
        "trend": 27.445933,
        "fair_value": 25.829699,
        "relative_strength": 6.283547,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.092587,
        "energy": 38.321838,
        "activity_lines": [
          28.454667,
          28.374291,
          28.24561,
          27.946581
        ]
      },
      {
        "date": "2023-10-06",
        "close": 27.818001,
        "volume": 67971,
        "typical_volume": 54713.55,
        "trend": 27.5132,
        "fair_value": 25.876949,
        "relative_strength": 5.250065,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 29.057002,
        "energy": 17.181908,
        "activity_lines": [
          28.207667,
          28.277309,
          28.221729,
          27.970585
        ]
      },
      {
        "date": "2023-10-13",
        "close": 28.382999,
        "volume": 50813,
        "typical_volume": 54934.3,
        "trend": 27.606133,
        "fair_value": 25.926423,
        "relative_strength": 6.399946,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 34.775627,
        "energy": 19.027677,
        "activity_lines": [
          28.212467,
          28.3006,
          28.248662,
          28.026701
        ]
      },
      {
        "date": "2023-10-20",
        "close": 27.469,
        "volume": 62241,
        "typical_volume": 56786.05,
        "trend": 27.667233,
        "fair_value": 25.972788,
        "relative_strength": 5.548978,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": -3.117051,
        "energy": 13.238356,
        "activity_lines": [
          27.932,
          28.156164,
          28.183314,
          28.017854
        ]
      },
      {
        "date": "2023-10-27",
        "close": 26.993,
        "volume": 95865,
        "typical_volume": 58632.9,
        "trend": 27.688333,
        "fair_value": 26.020987,
        "relative_strength": 4.087504,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -35.05447,
        "energy": 33.410153,
        "activity_lines": [
          27.587467,
          27.936455,
          28.073862,
          27.974355
        ]
      },
      {
        "date": "2023-11-03",
        "close": 28.072001,
        "volume": 56116,
        "typical_volume": 58270.35,
        "trend": 27.748967,
        "fair_value": 26.069128,
        "relative_strength": 5.014481,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -11.803818,
        "energy": 20.778653,
        "activity_lines": [
          27.6882,
          27.923964,
          28.070914,
          27.999108
        ]
      },
      {
        "date": "2023-11-10",
        "close": 28.138,
        "volume": 59325,
        "typical_volume": 58641.1,
        "trend": 27.8048,
        "fair_value": 26.114308,
        "relative_strength": 3.834779,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 10.952604,
        "energy": 16.958258,
        "activity_lines": [
          27.818534,
          27.921237,
          28.074653,
          28.024207
        ]
      },
      {
        "date": "2023-11-17",
        "close": 28.531,
        "volume": 51734,
        "typical_volume": 60100.85,
        "trend": 27.8735,
        "fair_value": 26.160865,
        "relative_strength": 3.538164,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 41.724208,
        "energy": 16.58762,
        "activity_lines": [
          28.058534,
          28.001455,
          28.113276,
          28.071058
        ]
      },
      {
        "date": "2023-11-24",
        "close": 28.728001,
        "volume": 58442,
        "typical_volume": 61907.7,
        "trend": 27.952767,
        "fair_value": 26.207032,
        "relative_strength": 3.254602,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 51.512187,
        "energy": 34.074639,
        "activity_lines": [
          28.354334,
          28.120091,
          28.168805,
          28.126187
        ]
      },
      {
        "date": "2023-12-01",
        "close": 29.127001,
        "volume": 76752,
        "typical_volume": 62055.45,
        "trend": 28.0437,
        "fair_value": 26.255788,
        "relative_strength": 3.838034,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 72.152429,
        "energy": 59.65232,
        "activity_lines": [
          28.699201,
          28.314182,
          28.257719,
          28.201944
        ]
      },
      {
        "date": "2023-12-08",
        "close": 29.459,
        "volume": 232450,
        "typical_volume": 72106.05,
        "trend": 28.136433,
        "fair_value": 26.307782,
        "relative_strength": 3.51912,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.700522,
        "energy": 77.21484,
        "activity_lines": [
          29.012467,
          28.553182,
          28.372338,
          28.293254
        ]
      },
      {
        "date": "2023-12-15",
        "close": 29.886999,
        "volume": 86487,
        "typical_volume": 72129.2,
        "trend": 28.226367,
        "fair_value": 26.361244,
        "relative_strength": 3.432911,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.681563,
        "energy": 85.880606,
        "activity_lines": [
          29.375933,
          28.846855,
          28.522376,
          28.406194
        ]
      },
      {
        "date": "2023-12-22",
        "close": 29.91,
        "volume": 74980,
        "typical_volume": 73974.75,
        "trend": 28.3139,
        "fair_value": 26.414564,
        "relative_strength": 4.395382,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.430521,
        "energy": 87.93962,
        "activity_lines": [
          29.630467,
          29.107091,
          28.669348,
          28.514815
        ]
      },
      {
        "date": "2023-12-29",
        "close": 29.854,
        "volume": 59893,
        "typical_volume": 75210.25,
        "trend": 28.3848,
        "fair_value": 26.467288,
        "relative_strength": 3.915697,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.784586,
        "energy": 85.735737,
        "activity_lines": [
          29.7744,
          29.329382,
          28.80331,
          28.614177
        ]
      },
      {
        "date": "2024-01-05",
        "close": 29.781,
        "volume": 112597,
        "typical_volume": 79547.3,
        "trend": 28.451534,
        "fair_value": 26.515814,
        "relative_strength": 4.573039,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.869414,
        "energy": 82.225342,
        "activity_lines": [
          29.818933,
          29.495036,
          28.921914,
          28.704254
        ]
      },
      {
        "date": "2024-01-12",
        "close": 30.146999,
        "volume": 140360,
        "typical_volume": 84467.05,
        "trend": 28.5179,
        "fair_value": 26.56634,
        "relative_strength": 5.202602,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.26639,
        "energy": 81.019464,
        "activity_lines": [
          29.941866,
          29.676545,
          29.064991,
          28.813639
        ]
      },
      {
        "date": "2024-01-19",
        "close": 30.273001,
        "volume": 284159,
        "typical_volume": 95455.2,
        "trend": 28.606867,
        "fair_value": 26.616724,
        "relative_strength": 5.814699,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.486658,
        "energy": 80.277357,
        "activity_lines": [
          30.060933,
          29.843236,
          29.2096,
          28.926871
        ]
      },
      {
        "date": "2024-01-26",
        "close": 30.982,
        "volume": 156448,
        "typical_volume": 97468.5,
        "trend": 28.701567,
        "fair_value": 26.675487,
        "relative_strength": 2.992577,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 89.318151,
        "energy": 90.437492,
        "activity_lines": [
          30.3906,
          30.100018,
          29.414576,
          29.080105
        ]
      },
      {
        "date": "2024-02-02",
        "close": 31.374001,
        "volume": 147078,
        "typical_volume": 101819.95,
        "trend": 28.822067,
        "fair_value": 26.730045,
        "relative_strength": 3.521539,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 91.618216,
        "energy": 96.135341,
        "activity_lines": [
          30.779467,
          30.383509,
          29.645895,
          29.252521
        ]
      },
      {
        "date": "2024-02-09",
        "close": 31.677999,
        "volume": 153013,
        "typical_volume": 104090.75,
        "trend": 28.9485,
        "fair_value": 26.78541,
        "relative_strength": 0.845847,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 89.501107,
        "energy": 95.8462,
        "activity_lines": [
          31.168333,
          30.674164,
          29.894329,
          29.436774
        ]
      },
      {
        "date": "2024-02-16",
        "close": 31.969,
        "volume": 89819,
        "typical_volume": 105827.15,
        "trend": 29.069567,
        "fair_value": 26.842513,
        "relative_strength": 0.893803,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 89.041029,
        "energy": 95.931176,
        "activity_lines": [
          31.527733,
          30.971345,
          30.154281,
          29.631645
        ]
      },
      {
        "date": "2024-02-23",
        "close": 32.191002,
        "volume": 113206,
        "typical_volume": 108088.9,
        "trend": 29.183167,
        "fair_value": 26.904603,
        "relative_strength": 1.837701,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.200276,
        "energy": 94.473835,
        "activity_lines": [
          31.839667,
          31.263255,
          30.417362,
          29.833028
        ]
      },
      {
        "date": "2024-03-01",
        "close": 32.376999,
        "volume": 91019,
        "typical_volume": 110099.2,
        "trend": 29.319133,
        "fair_value": 26.969122,
        "relative_strength": 2.366453,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.249112,
        "energy": 92.90021,
        "activity_lines": [
          32.085733,
          31.547091,
          30.677333,
          30.039082
        ]
      },
      {
        "date": "2024-03-08",
        "close": 32.423,
        "volume": 107970,
        "typical_volume": 112385.65,
        "trend": 29.4636,
        "fair_value": 27.02784,
        "relative_strength": 1.424745,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.960453,
        "energy": 86.731196,
        "activity_lines": [
          32.254133,
          31.794436,
          30.922667,
          30.239331
        ]
      },
      {
        "date": "2024-03-15",
        "close": 32.335999,
        "volume": 101947,
        "typical_volume": 112689.75,
        "trend": 29.621467,
        "fair_value": 27.085218,
        "relative_strength": 2.227197,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.285669,
        "energy": 68.977999,
        "activity_lines": [
          32.3236,
          31.979254,
          31.136124,
          30.424647
        ]
      },
      {
        "date": "2024-03-22",
        "close": 33.201,
        "volume": 155653,
        "typical_volume": 117666.6,
        "trend": 29.796533,
        "fair_value": 27.146718,
        "relative_strength": 1.869581,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.098023,
        "energy": 75.669536,
        "activity_lines": [
          32.637533,
          32.274891,
          31.406519,
          30.655585
        ]
      },
      {
        "date": "2024-03-29",
        "close": 33.373001,
        "volume": 121135,
        "typical_volume": 120757.1,
        "trend": 29.949967,
        "fair_value": 27.206872,
        "relative_strength": 1.608618,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.79181,
        "energy": 74.516075,
        "activity_lines": [
          32.926667,
          32.546273,
          31.668872,
          30.886325
        ]
      },
      {
        "date": "2024-04-05",
        "close": 32.910999,
        "volume": 148247,
        "typical_volume": 125582.75,
        "trend": 30.0912,
        "fair_value": 27.262192,
        "relative_strength": 0.186906,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.926744,
        "energy": 67.36789,
        "activity_lines": [
          32.983,
          32.677291,
          31.862295,
          31.077359
        ]
      },
      {
        "date": "2024-04-12",
        "close": 33.155998,
        "volume": 113070,
        "typical_volume": 128314.15,
        "trend": 30.233467,
        "fair_value": 27.317551,
        "relative_strength": 0.466846,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.789769,
        "energy": 68.310681,
        "activity_lines": [
          33.085399,
          32.817781,
          32.058195,
          31.275088
        ]
      },
      {
        "date": "2024-04-19",
        "close": 32.159,
        "volume": 109862,
        "typical_volume": 129969.65,
        "trend": 30.362867,
        "fair_value": 27.367885,
        "relative_strength": -0.035389,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.008845,
        "energy": 60.847604,
        "activity_lines": [
          32.806599,
          32.7446,
          32.138057,
          31.399316
        ]
      },
      {
        "date": "2024-04-26",
        "close": 32.754002,
        "volume": 146159,
        "typical_volume": 125655.1,
        "trend": 30.515133,
        "fair_value": 27.421814,
        "relative_strength": -0.915841,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.663933,
        "energy": 48.130368,
        "activity_lines": [
          32.737934,
          32.770855,
          32.260148,
          31.553583
        ]
      },
      {
        "date": "2024-05-03",
        "close": 32.669998,
        "volume": 101837,
        "typical_volume": 126422.6,
        "trend": 30.676867,
        "fair_value": 27.474359,
        "relative_strength": -1.788211,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 46.875314,
        "energy": 41.255439,
        "activity_lines": [
          32.671066,
          32.767563,
          32.358547,
          31.692606
        ]
      },
      {
        "date": "2024-05-10",
        "close": 33.332001,
        "volume": 177636,
        "typical_volume": 131555.4,
        "trend": 30.841833,
        "fair_value": 27.533282,
        "relative_strength": -2.404476,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 61.677145,
        "energy": 44.670172,
        "activity_lines": [
          32.871733,
          32.875927,
          32.506743,
          31.863905
        ]
      },
      {
        "date": "2024-05-17",
        "close": 33.555,
        "volume": 84043,
        "typical_volume": 132762.9,
        "trend": 31.0447,
        "fair_value": 27.593237,
        "relative_strength": -2.10288,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 75.11363,
        "energy": 57.410506,
        "activity_lines": [
          33.118667,
          33.007473,
          32.659881,
          32.038948
        ]
      },
      {
        "date": "2024-05-24",
        "close": 33.596001,
        "volume": 202321,
        "typical_volume": 137249.1,
        "trend": 31.2648,
        "fair_value": 27.651949,
        "relative_strength": -2.252072,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.087343,
        "energy": 60.363273,
        "activity_lines": [
          33.352667,
          33.125891,
          32.7993,
          32.203548
        ]
      },
      {
        "date": "2024-05-31",
        "close": 33.105999,
        "volume": 115868,
        "typical_volume": 136024.5,
        "trend": 31.4326,
        "fair_value": 27.706346,
        "relative_strength": -2.46065,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.228618,
        "energy": 54.54355,
        "activity_lines": [
          33.327533,
          33.132309,
          32.873886,
          32.322335
        ]
      },
      {
        "date": "2024-06-07",
        "close": 33.966999,
        "volume": 92955,
        "typical_volume": 126464.3,
        "trend": 31.6269,
        "fair_value": 27.764904,
        "relative_strength": -2.111013,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.006144,
        "energy": 62.908688,
        "activity_lines": [
          33.565933,
          33.297,
          33.016381,
          32.485845
        ]
      },
      {
        "date": "2024-06-14",
        "close": 34.323002,
        "volume": 136788,
        "typical_volume": 125481.3,
        "trend": 31.819967,
        "fair_value": 27.825327,
        "relative_strength": -0.594717,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.644916,
        "energy": 68.639348,
        "activity_lines": [
          33.836534,
          33.515618,
          33.17519,
          32.659787
        ]
      },
      {
        "date": "2024-06-21",
        "close": 34.583,
        "volume": 221806,
        "typical_volume": 129217.7,
        "trend": 32.015133,
        "fair_value": 27.884949,
        "relative_strength": -0.591888,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.149255,
        "energy": 73.517578,
        "activity_lines": [
          34.127734,
          33.755837,
          33.342852,
          32.838047
        ]
      },
      {
        "date": "2024-06-28",
        "close": 34.733002,
        "volume": 146888,
        "typical_volume": 128911.45,
        "trend": 32.202,
        "fair_value": 27.943301,
        "relative_strength": -0.074704,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.573436,
        "energy": 85.532529,
        "activity_lines": [
          34.400401,
          33.997382,
          33.509519,
          33.013394
        ]
      },
      {
        "date": "2024-07-05",
        "close": 34.797001,
        "volume": 174578,
        "typical_volume": 133149.4,
        "trend": 32.379933,
        "fair_value": 28.001436,
        "relative_strength": -0.974628,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.028014,
        "energy": 87.000534,
        "activity_lines": [
          34.618601,
          34.203764,
          33.667734,
          33.180813
        ]
      },
      {
        "date": "2024-07-12",
        "close": 35.159,
        "volume": 198356,
        "typical_volume": 137406.9,
        "trend": 32.555667,
        "fair_value": 28.06225,
        "relative_strength": -1.196286,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.622868,
        "energy": 89.314319,
        "activity_lines": [
          34.844734,
          34.438819,
          33.846957,
          33.360108
        ]
      },
      {
        "date": "2024-07-19",
        "close": 34.452999,
        "volume": 218307,
        "typical_volume": 143771.3,
        "trend": 32.7071,
        "fair_value": 28.115686,
        "relative_strength": 0.762582,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.704756,
        "energy": 72.521211,
        "activity_lines": [
          34.756067,
          34.500255,
          33.94481,
          33.482516
        ]
      },
      {
        "date": "2024-07-26",
        "close": 34.214001,
        "volume": 269376,
        "typical_volume": 151841.6,
        "trend": 32.852433,
        "fair_value": 28.16909,
        "relative_strength": 0.061012,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.616381,
        "energy": 53.9483,
        "activity_lines": [
          34.579067,
          34.497855,
          34.010015,
          33.579736
        ]
      },
      {
        "date": "2024-08-02",
        "close": 33.091,
        "volume": 255259,
        "typical_volume": 159507.2,
        "trend": 32.962767,
        "fair_value": 28.212519,
        "relative_strength": -0.222239,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 23.794703,
        "energy": 19.023897,
        "activity_lines": [
          34.052333,
          34.279291,
          33.959738,
          33.595127
        ]
      },
      {
        "date": "2024-08-09",
        "close": 33.201,
        "volume": 331454,
        "typical_volume": 168297.25,
        "trend": 33.064567,
        "fair_value": 28.255603,
        "relative_strength": -0.440373,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 12.716402,
        "energy": 20.445407,
        "activity_lines": [
          33.671733,
          34.089909,
          33.916343,
          33.610497
        ]
      },
      {
        "date": "2024-08-16",
        "close": 34.330002,
        "volume": 98368,
        "typical_volume": 167158.9,
        "trend": 33.1998,
        "fair_value": 28.306628,
        "relative_strength": 0.392136,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.885861,
        "energy": 24.574823,
        "activity_lines": [
          33.773867,
          34.104073,
          33.980472,
          33.692138
        ]
      },
      {
        "date": "2024-08-23",
        "close": 34.423,
        "volume": 71295,
        "typical_volume": 163311.3,
        "trend": 33.3145,
        "fair_value": 28.356853,
        "relative_strength": 0.355288,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.87693,
        "energy": 22.500426,
        "activity_lines": [
          33.962267,
          34.128546,
          34.0489,
          33.771054
        ]
      },
      {
        "date": "2024-08-30",
        "close": 34.715,
        "volume": 95860,
        "typical_volume": 162450.8,
        "trend": 33.425867,
        "fair_value": 28.408372,
        "relative_strength": 0.133378,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 56.840171,
        "energy": 28.907554,
        "activity_lines": [
          34.25,
          34.204291,
          34.137938,
          33.861409
        ]
      },
      {
        "date": "2024-09-06",
        "close": 33.490002,
        "volume": 206310,
        "typical_volume": 167273.2,
        "trend": 33.486267,
        "fair_value": 28.453032,
        "relative_strength": 0.961649,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 22.331322,
        "energy": 16.992412,
        "activity_lines": [
          34.096001,
          34.05491,
          34.102886,
          33.865547
        ]
      },
      {
        "date": "2024-09-13",
        "close": 34.666,
        "volume": 133922,
        "typical_volume": 166661.35,
        "trend": 33.576167,
        "fair_value": 28.506083,
        "relative_strength": 2.16954,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 45.454363,
        "energy": 27.138973,
        "activity_lines": [
          34.307401,
          34.141946,
          34.173496,
          33.941658
        ]
      },
      {
        "date": "2024-09-20",
        "close": 34.799999,
        "volume": 152043,
        "typical_volume": 169171.65,
        "trend": 33.663133,
        "fair_value": 28.559385,
        "relative_strength": 2.796556,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 57.906764,
        "energy": 34.950077,
        "activity_lines": [
          34.4658,
          34.255728,
          34.247762,
          34.020615
        ]
      },
      {
        "date": "2024-09-27",
        "close": 35.278,
        "volume": 153686,
        "typical_volume": 167974.15,
        "trend": 33.759833,
        "fair_value": 28.618789,
        "relative_strength": 1.961957,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 64.695028,
        "energy": 45.754677,
        "activity_lines": [
          34.7522,
          34.462946,
          34.35741,
          34.1248
        ]
      },
      {
        "date": "2024-10-04",
        "close": 35.527,
        "volume": 178753,
        "typical_volume": 172709.65,
        "trend": 33.8633,
        "fair_value": 28.677039,
        "relative_strength": 3.278528,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.099254,
        "energy": 63.801305,
        "activity_lines": [
          35.0646,
          34.700437,
          34.481505,
          34.238811
        ]
      },
      {
        "date": "2024-10-11",
        "close": 36.078999,
        "volume": 180108,
        "typical_volume": 171599.0,
        "trend": 33.988067,
        "fair_value": 28.735936,
        "relative_strength": 4.369966,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.176757,
        "energy": 71.681138,
        "activity_lines": [
          35.506866,
          35.014418,
          34.648781,
          34.381759
        ]
      },
      {
        "date": "2024-10-18",
        "close": 36.555,
        "volume": 204494,
        "typical_volume": 176030.3,
        "trend": 34.099867,
        "fair_value": 28.796321,
        "relative_strength": 7.100729,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.403284,
        "energy": 79.517159,
        "activity_lines": [
          35.9352,
          35.360618,
          34.849567,
          34.547368
        ]
      },
      {
        "date": "2024-10-25",
        "close": 36.423,
        "volume": 132705,
        "typical_volume": 178017.8,
        "trend": 34.201533,
        "fair_value": 28.853186,
        "relative_strength": 7.110043,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.40181,
        "energy": 79.618388,
        "activity_lines": [
          36.1936,
          35.621836,
          35.021357,
          34.697247
        ]
      },
      {
        "date": "2024-11-01",
        "close": 35.855999,
        "volume": 216006,
        "typical_volume": 181978.7,
        "trend": 34.2997,
        "fair_value": 28.902737,
        "relative_strength": 7.122887,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.105808,
        "energy": 75.251698,
        "activity_lines": [
          36.1548,
          35.741909,
          35.127452,
          34.803987
        ]
      },
      {
        "date": "2024-11-08",
        "close": 37.367001,
        "volume": 197637,
        "typical_volume": 180770.25,
        "trend": 34.440067,
        "fair_value": 28.961019,
        "relative_strength": 12.554546,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.546672,
        "energy": 84.671606,
        "activity_lines": [
          36.581133,
          36.110654,
          35.370152,
          35.001878
        ]
      },
      {
        "date": "2024-11-15",
        "close": 37.292999,
        "volume": 185542,
        "typical_volume": 182702.95,
        "trend": 34.6112,
        "fair_value": 29.016821,
        "relative_strength": 13.529313,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.134623,
        "energy": 83.607325,
        "activity_lines": [
          36.860133,
          36.417727,
          35.592548,
          35.185938
        ]
      },
      {
        "date": "2024-11-22",
        "close": 38.307999,
        "volume": 203393,
        "typical_volume": 184143.7,
        "trend": 34.796333,
        "fair_value": 29.08468,
        "relative_strength": 13.97955,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 86.737053,
        "energy": 88.206759,
        "activity_lines": [
          37.396533,
          36.8402,
          35.899419,
          35.424441
        ]
      },
      {
        "date": "2024-11-29",
        "close": 38.268002,
        "volume": 268001,
        "typical_volume": 187625.95,
        "trend": 34.982934,
        "fair_value": 29.154167,
        "relative_strength": 13.289612,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.392697,
        "energy": 90.04838,
        "activity_lines": [
          37.802734,
          37.189182,
          36.185762,
          35.648419
        ]
      },
      {
        "date": "2024-12-06",
        "close": 38.667999,
        "volume": 224010,
        "typical_volume": 187911.1,
        "trend": 35.1608,
        "fair_value": 29.221218,
        "relative_strength": 12.875418,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.272982,
        "energy": 91.362697,
        "activity_lines": [
          38.219267,
          37.547836,
          36.495395,
          35.886166
        ]
      },
      {
        "date": "2024-12-13",
        "close": 38.514999,
        "volume": 245352,
        "typical_volume": 186709.9,
        "trend": 35.326133,
        "fair_value": 29.28825,
        "relative_strength": 11.888641,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.114434,
        "energy": 89.001463,
        "activity_lines": [
          38.397333,
          37.817036,
          36.770386,
          36.102566
        ]
      },
      {
        "date": "2024-12-20",
        "close": 38.022999,
        "volume": 294244,
        "typical_volume": 188659.15,
        "trend": 35.4737,
        "fair_value": 29.349333,
        "relative_strength": 12.443921,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.139718,
        "energy": 77.322749,
        "activity_lines": [
          38.334866,
          37.942454,
          36.978038,
          36.276557
        ]
      },
      {
        "date": "2024-12-27",
        "close": 38.157001,
        "volume": 190084,
        "typical_volume": 181590.65,
        "trend": 35.642067,
        "fair_value": 29.41009,
        "relative_strength": 11.990871,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.660681,
        "energy": 62.14479,
        "activity_lines": [
          38.2684,
          38.056891,
          37.174967,
          36.449673
        ]
      },
      {
        "date": "2025-01-03",
        "close": 38.383999,
        "volume": 248522,
        "typical_volume": 189098.35,
        "trend": 35.7893,
        "fair_value": 29.475481,
        "relative_strength": 11.748738,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.756077,
        "energy": 57.684828,
        "activity_lines": [
          38.287666,
          38.183472,
          37.369914,
          36.626572
        ]
      },
      {
        "date": "2025-01-10",
        "close": 38.040001,
        "volume": 324508,
        "typical_volume": 201759.0,
        "trend": 35.9132,
        "fair_value": 29.540949,
        "relative_strength": 9.810229,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.306632,
        "energy": 46.079563,
        "activity_lines": [
          38.184533,
          38.211854,
          37.512795,
          36.771778
        ]
      },
      {
        "date": "2025-01-17",
        "close": 39.001999,
        "volume": 276263,
        "typical_volume": 210779.15,
        "trend": 36.0605,
        "fair_value": 29.616538,
        "relative_strength": 9.43387,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.354684,
        "energy": 55.96356,
        "activity_lines": [
          38.443933,
          38.375436,
          37.730071,
          36.971056
        ]
      },
      {
        "date": "2025-01-24",
        "close": 39.036999,
        "volume": 373409,
        "typical_volume": 219134.1,
        "trend": 36.203967,
        "fair_value": 29.695256,
        "relative_strength": 10.804497,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.74584,
        "energy": 55.608201,
        "activity_lines": [
          38.682533,
          38.515654,
          37.930266,
          37.163088
        ]
      },
      {
        "date": "2025-01-31",
        "close": 39.514999,
        "volume": 316478,
        "typical_volume": 228261.9,
        "trend": 36.361233,
        "fair_value": 29.776782,
        "relative_strength": 9.399996,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.485624,
        "energy": 58.851906,
        "activity_lines": [
          39.012866,
          38.711072,
          38.149571,
          37.376703
        ]
      },
      {
        "date": "2025-02-07",
        "close": 39.429001,
        "volume": 290259,
        "typical_volume": 235172.7,
        "trend": 36.503567,
        "fair_value": 29.855686,
        "relative_strength": 8.614767,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.075846,
        "energy": 68.379851,
        "activity_lines": [
          39.224,
          38.868909,
          38.337595,
          37.574623
        ]
      },
      {
        "date": "2025-02-14",
        "close": 39.396999,
        "volume": 237638,
        "typical_volume": 239370.3,
        "trend": 36.668367,
        "fair_value": 29.938032,
        "relative_strength": 5.720041,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.320133,
        "energy": 66.595095,
        "activity_lines": [
          39.3548,
          38.999818,
          38.500528,
          37.761297
        ]
      },
      {
        "date": "2025-02-21",
        "close": 39.402,
        "volume": 312683,
        "typical_volume": 246066.8,
        "trend": 36.8413,
        "fair_value": 30.020019,
        "relative_strength": 6.524207,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.579651,
        "energy": 66.88966,
        "activity_lines": [
          39.3968,
          39.118382,
          38.644324,
          37.93766
        ]
      },
      {
        "date": "2025-02-28",
        "close": 38.541,
        "volume": 271056,
        "typical_volume": 250614.2,
        "trend": 37.022967,
        "fair_value": 30.096724,
        "relative_strength": 5.765455,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.511067,
        "energy": 46.118698,
        "activity_lines": [
          39.125133,
          39.064272,
          38.687666,
          38.047318
        ]
      },
      {
        "date": "2025-03-07",
        "close": 36.213001,
        "volume": 464884,
        "typical_volume": 263633.7,
        "trend": 37.123367,
        "fair_value": 30.1595,
        "relative_strength": 0.426962,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "up",
        "direction": 3.056162,
        "energy": 12.271884,
        "activity_lines": [
          38.110534,
          38.577473,
          38.497571,
          37.995062
        ]
      },
      {
        "date": "2025-03-14",
        "close": 35.709999,
        "volume": 449624,
        "typical_volume": 279479.65,
        "trend": 37.169367,
        "fair_value": 30.213045,
        "relative_strength": -0.414645,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -38.52268,
        "energy": 40.687992,
        "activity_lines": [
          37.1484,
          38.034563,
          38.2612,
          37.903877
        ]
      },
      {
        "date": "2025-03-21",
        "close": 36.151001,
        "volume": 338701,
        "typical_volume": 285614.4,
        "trend": 37.226967,
        "fair_value": 30.265724,
        "relative_strength": -0.27764,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -32.887943,
        "energy": 46.675869,
        "activity_lines": [
          36.5812,
          37.620455,
          38.070224,
          37.838176
        ]
      },
      {
        "date": "2025-03-28",
        "close": 35.748001,
        "volume": 250588,
        "typical_volume": 288261.95,
        "trend": 37.2614,
        "fair_value": 30.315744,
        "relative_strength": -0.662978,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -35.232003,
        "energy": 62.011705,
        "activity_lines": [
          36.096067,
          37.167418,
          37.839462,
          37.742759
        ]
      },
      {
        "date": "2025-04-04",
        "close": 32.556999,
        "volume": 627387,
        "typical_volume": 310354.2,
        "trend": 37.2303,
        "fair_value": 30.344045,
        "relative_strength": -2.477195,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "mixed",
        "direction": -66.76338,
        "energy": 84.709789,
        "activity_lines": [
          34.790867,
          36.193364,
          37.312505,
          37.439249
        ]
      },
      {
        "date": "2025-04-11",
        "close": 32.074001,
        "volume": 791443,
        "typical_volume": 339756.7,
        "trend": 37.1439,
        "fair_value": 30.370647,
        "relative_strength": -1.453287,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -89.758744,
        "energy": 93.901278,
        "activity_lines": [
          33.7236,
          35.249309,
          36.7621,
          37.106585
        ]
      },
      {
        "date": "2025-04-18",
        "close": 32.597,
        "volume": 211470,
        "typical_volume": 336930.15,
        "trend": 37.070467,
        "fair_value": 30.404423,
        "relative_strength": -3.722294,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.924214,
        "energy": 90.043136,
        "activity_lines": [
          33.1066,
          34.535637,
          36.291191,
          36.813237
        ]
      },
      {
        "date": "2025-04-25",
        "close": 33.747002,
        "volume": 229202,
        "typical_volume": 337189.75,
        "trend": 37.019433,
        "fair_value": 30.445494,
        "relative_strength": -2.755814,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.433598,
        "energy": 82.126469,
        "activity_lines": [
          33.080467,
          34.155273,
          35.95681,
          36.598819
        ]
      },
      {
        "date": "2025-05-02",
        "close": 34.931999,
        "volume": 239732,
        "typical_volume": 336908.75,
        "trend": 36.9996,
        "fair_value": 30.499609,
        "relative_strength": -2.220493,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.1222,
        "energy": 57.798141,
        "activity_lines": [
          33.6096,
          34.093091,
          35.758719,
          36.464146
        ]
      },
      {
        "date": "2025-05-09",
        "close": 35.186001,
        "volume": 197566,
        "typical_volume": 332074.85,
        "trend": 36.969833,
        "fair_value": 30.556263,
        "relative_strength": -2.49706,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -48.5063,
        "energy": 39.507612,
        "activity_lines": [
          34.277801,
          34.158364,
          35.601881,
          36.34714
        ]
      },
      {
        "date": "2025-05-16",
        "close": 36.867001,
        "volume": 208726,
        "typical_volume": 333006.95,
        "trend": 36.980233,
        "fair_value": 30.629609,
        "relative_strength": -0.737145,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -27.714056,
        "energy": 23.618464,
        "activity_lines": [
          35.331067,
          34.590273,
          35.618648,
          36.340506
        ]
      },
      {
        "date": "2025-05-23",
        "close": 35.771,
        "volume": 214192,
        "typical_volume": 331290.45,
        "trend": 36.9585,
        "fair_value": 30.689167,
        "relative_strength": -2.377192,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -28.258827,
        "energy": 27.124988,
        "activity_lines": [
          35.699467,
          34.811019,
          35.537177,
          36.26249
        ]
      },
      {
        "date": "2025-05-30",
        "close": 36.271,
        "volume": 148344,
        "typical_volume": 322482.25,
        "trend": 36.972333,
        "fair_value": 30.752865,
        "relative_strength": -1.732785,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -21.014424,
        "energy": 24.274651,
        "activity_lines": [
          36.022934,
          35.121564,
          35.515767,
          36.218136
        ]
      },
      {
        "date": "2025-06-06",
        "close": 36.724998,
        "volume": 129361,
        "typical_volume": 315137.15,
        "trend": 36.950933,
        "fair_value": 30.824692,
        "relative_strength": -1.380731,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -10.43183,
        "energy": 21.195369,
        "activity_lines": [
          36.329466,
          35.512473,
          35.546019,
          36.202179
        ]
      },
      {
        "date": "2025-06-13",
        "close": 36.242001,
        "volume": 142065,
        "typical_volume": 303569.95,
        "trend": 36.9159,
        "fair_value": 30.902135,
        "relative_strength": -1.997109,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -7.216402,
        "energy": 15.839703,
        "activity_lines": [
          36.355467,
          35.7978,
          35.541114,
          36.156441
        ]
      },
      {
        "date": "2025-06-20",
        "close": 36.049999,
        "volume": 85034,
        "typical_volume": 291997.75,
        "trend": 36.840633,
        "fair_value": 30.972045,
        "relative_strength": -1.112613,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -7.18818,
        "energy": 13.722767,
        "activity_lines": [
          36.247066,
          35.981218,
          35.531233,
          36.100576
        ]
      },
      {
        "date": "2025-06-27",
        "close": 36.652,
        "volume": 131183,
        "typical_volume": 284043.95,
        "trend": 36.786767,
        "fair_value": 31.047667,
        "relative_strength": -0.837259,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -1.596553,
        "energy": 11.875092,
        "activity_lines": [
          36.3938,
          36.2018,
          35.595186,
          36.088406
        ]
      },
      {
        "date": "2025-07-04",
        "close": 36.720001,
        "volume": 124207,
        "typical_volume": 278372.4,
        "trend": 36.721833,
        "fair_value": 31.115615,
        "relative_strength": 0.474447,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 1.102872,
        "energy": 17.644496,
        "activity_lines": [
          36.504467,
          36.361018,
          35.678838,
          36.084099
        ]
      },
      {
        "date": "2025-07-11",
        "close": 36.988998,
        "volume": 121738,
        "typical_volume": 268825.15,
        "trend": 36.670967,
        "fair_value": 31.186949,
        "relative_strength": -0.362469,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 25.661495,
        "energy": 36.721325,
        "activity_lines": [
          36.674866,
          36.515091,
          35.800857,
          36.101335
        ]
      },
      {
        "date": "2025-07-18",
        "close": 37.313999,
        "volume": 139600,
        "typical_volume": 262252.35,
        "trend": 36.647333,
        "fair_value": 31.256904,
        "relative_strength": 1.43284,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 30.702934,
        "energy": 47.854247,
        "activity_lines": [
          36.935999,
          36.690854,
          35.965319,
          36.142821
        ]
      },
      {
        "date": "2025-07-25",
        "close": 37.591999,
        "volume": 130084,
        "typical_volume": 245512.35,
        "trend": 36.6285,
        "fair_value": 31.323346,
        "relative_strength": 2.734627,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 35.809436,
        "energy": 56.405443,
        "activity_lines": [
          37.218332,
          36.878472,
          36.1621,
          36.203768
        ]
      },
      {
        "date": "2025-08-01",
        "close": 37.191002,
        "volume": 312995,
        "typical_volume": 238680.9,
        "trend": 36.588733,
        "fair_value": 31.385897,
        "relative_strength": 3.777163,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 34.724524,
        "energy": 53.134993,
        "activity_lines": [
          37.2642,
          36.98,
          36.314124,
          36.240058
        ]
      },
      {
        "date": "2025-08-08",
        "close": 37.807999,
        "volume": 307564,
        "typical_volume": 237124.05,
        "trend": 36.581,
        "fair_value": 31.44868,
        "relative_strength": 4.490961,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 44.150132,
        "energy": 58.29066,
        "activity_lines": [
          37.4798,
          37.167891,
          36.517857,
          36.31872
        ]
      },
      {
        "date": "2025-08-15",
        "close": 38.191002,
        "volume": 175950,
        "typical_volume": 233392.15,
        "trend": 36.553967,
        "fair_value": 31.512314,
        "relative_strength": 4.795052,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 49.359305,
        "energy": 67.333943,
        "activity_lines": [
          37.750534,
          37.397473,
          36.750176,
          36.422591
        ]
      },
      {
        "date": "2025-08-22",
        "close": 38.366001,
        "volume": 168784,
        "typical_volume": 210462.0,
        "trend": 36.5316,
        "fair_value": 31.580564,
        "relative_strength": 3.0959,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 76.298815,
        "energy": 81.316109,
        "activity_lines": [
          37.999468,
          37.632218,
          36.987529,
          36.539497
        ]
      },
      {
        "date": "2025-08-29",
        "close": 38.195,
        "volume": 191992,
        "typical_volume": 180489.45,
        "trend": 36.4876,
        "fair_value": 31.652744,
        "relative_strength": 4.265653,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.725498,
        "energy": 82.796529,
        "activity_lines": [
          38.121267,
          37.797255,
          37.180933,
          36.646813
        ]
      },
      {
        "date": "2025-09-05",
        "close": 38.176998,
        "volume": 184005,
        "typical_volume": 179116.2,
        "trend": 36.445867,
        "fair_value": 31.723019,
        "relative_strength": 3.763031,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.665753,
        "energy": 80.445692,
        "activity_lines": [
          38.196866,
          37.920018,
          37.343476,
          36.755806
        ]
      },
      {
        "date": "2025-09-12",
        "close": 38.907001,
        "volume": 117424,
        "typical_volume": 173527.3,
        "trend": 36.429533,
        "fair_value": 31.805308,
        "relative_strength": 4.349822,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.861153,
        "energy": 86.305183,
        "activity_lines": [
          38.450067,
          38.147782,
          37.548971,
          36.914589
        ]
      },
      {
        "date": "2025-09-19",
        "close": 39.068001,
        "volume": 260790,
        "typical_volume": 174580.2,
        "trend": 36.4184,
        "fair_value": 31.891968,
        "relative_strength": 2.25454,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.647182,
        "energy": 81.951326,
        "activity_lines": [
          38.683667,
          38.365055,
          37.745229,
          37.084813
        ]
      },
      {
        "date": "2025-09-26",
        "close": 39.126999,
        "volume": 207777,
        "typical_volume": 175090.75,
        "trend": 36.437933,
        "fair_value": 31.980821,
        "relative_strength": 1.337216,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.149599,
        "energy": 79.429778,
        "activity_lines": [
          38.878467,
          38.555255,
          37.92741,
          37.259561
        ]
      },
      {
        "date": "2025-10-03",
        "close": 39.768002,
        "volume": 227223,
        "typical_volume": 176015.6,
        "trend": 36.556433,
        "fair_value": 32.073039,
        "relative_strength": 0.404003,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.74173,
        "energy": 87.11143,
        "activity_lines": [
          39.236201,
          38.829037,
          38.151872,
          37.474404
        ]
      },
      {
        "date": "2025-10-10",
        "close": 39.436001,
        "volume": 279786,
        "typical_volume": 179295.3,
        "trend": 36.680634,
        "fair_value": 32.164782,
        "relative_strength": 1.673609,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.816895,
        "energy": 72.627712,
        "activity_lines": [
          39.378401,
          39.002891,
          38.3309,
          37.660183
        ]
      },
      {
        "date": "2025-10-17",
        "close": 39.325001,
        "volume": 318746,
        "typical_volume": 187815.4,
        "trend": 36.786434,
        "fair_value": 32.253737,
        "relative_strength": -0.277543,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.97179,
        "energy": 62.088158,
        "activity_lines": [
          39.399668,
          39.115746,
          38.481905,
          37.830787
        ]
      },
      {
        "date": "2025-10-24",
        "close": 40.109001,
        "volume": 128833,
        "typical_volume": 187789.0,
        "trend": 36.9318,
        "fair_value": 32.343032,
        "relative_strength": -0.711167,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.12579,
        "energy": 66.642477,
        "activity_lines": [
          39.654401,
          39.343564,
          38.693034,
          38.045147
        ]
      },
      {
        "date": "2025-10-31",
        "close": 40.834999,
        "volume": 252965,
        "typical_volume": 193334.0,
        "trend": 37.207734,
        "fair_value": 32.439865,
        "relative_strength": 1.798394,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.375155,
        "energy": 72.581,
        "activity_lines": [
          40.081734,
          39.66851,
          38.957191,
          38.296966
        ]
      },
      {
        "date": "2025-11-07",
        "close": 39.696999,
        "volume": 346201,
        "typical_volume": 206392.35,
        "trend": 37.461833,
        "fair_value": 32.525776,
        "relative_strength": 1.161753,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.357571,
        "energy": 60.318863,
        "activity_lines": [
          40.015866,
          39.741655,
          39.091095,
          38.457564
        ]
      },
      {
        "date": "2025-11-14",
        "close": 40.301998,
        "volume": 256338,
        "typical_volume": 212650.1,
        "trend": 37.718667,
        "fair_value": 32.615872,
        "relative_strength": 2.622496,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.217752,
        "energy": 59.98817,
        "activity_lines": [
          40.156399,
          39.897491,
          39.265252,
          38.6408
        ]
      },
      {
        "date": "2025-11-21",
        "close": 39.487999,
        "volume": 433418,
        "typical_volume": 228110.65,
        "trend": 37.910033,
        "fair_value": 32.69816,
        "relative_strength": 3.332127,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.438342,
        "energy": 48.473357,
        "activity_lines": [
          39.967866,
          39.86669,
          39.344505,
          38.75495
        ]
      },
      {
        "date": "2025-11-28",
        "close": 40.703999,
        "volume": 207550,
        "typical_volume": 232401.25,
        "trend": 38.102433,
        "fair_value": 32.78859,
        "relative_strength": 4.643222,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.308638,
        "energy": 48.443025,
        "activity_lines": [
          40.173799,
          40.046418,
          39.526386,
          38.935206
        ]
      },
      {
        "date": "2025-12-05",
        "close": 40.824001,
        "volume": 276726,
        "typical_volume": 239257.55,
        "trend": 38.290367,
        "fair_value": 32.88341,
        "relative_strength": 4.507897,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.784929,
        "energy": 51.050956,
        "activity_lines": [
          40.380066,
          40.218218,
          39.702005,
          39.110791
        ]
      },
      {
        "date": "2025-12-12",
        "close": 40.317001,
        "volume": 334823,
        "typical_volume": 249494.5,
        "trend": 38.405367,
        "fair_value": 32.980692,
        "relative_strength": 4.088303,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.509592,
        "energy": 44.070551,
        "activity_lines": [
          40.418067,
          40.266982,
          39.812624,
          39.241542
        ]
      },
      {
        "date": "2025-12-19",
        "close": 40.563,
        "volume": 397993,
        "typical_volume": 253744.4,
        "trend": 38.5651,
        "fair_value": 33.080122,
        "relative_strength": 4.192922,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.259148,
        "energy": 47.067175,
        "activity_lines": [
          40.496734,
          40.350491,
          39.933695,
          39.380744
        ]
      },
      {
        "date": "2025-12-26",
        "close": 40.776001,
        "volume": 143860,
        "typical_volume": 245559.2,
        "trend": 38.715267,
        "fair_value": 33.182212,
        "relative_strength": 5.101237,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.759997,
        "energy": 46.505456,
        "activity_lines": [
          40.629001,
          40.452236,
          40.058995,
          39.523383
        ]
      },
      {
        "date": "2026-01-02",
        "close": 40.683998,
        "volume": 272486,
        "typical_volume": 250386.0,
        "trend": 38.847233,
        "fair_value": 33.279737,
        "relative_strength": 2.086535,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.918017,
        "energy": 42.684047,
        "activity_lines": [
          40.644733,
          40.510872,
          40.1614,
          39.650398
        ]
      },
      {
        "date": "2026-01-09",
        "close": 41.734001,
        "volume": 388023,
        "typical_volume": 261347.95,
        "trend": 39.0303,
        "fair_value": 33.382115,
        "relative_strength": 2.563936,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.195812,
        "energy": 55.388144,
        "activity_lines": [
          41.0118,
          40.749964,
          40.351933,
          39.836641
        ]
      },
      {
        "date": "2026-01-16",
        "close": 41.925999,
        "volume": 245633,
        "typical_volume": 264030.0,
        "trend": 39.226167,
        "fair_value": 33.486494,
        "relative_strength": 0.842373,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.712959,
        "energy": 72.844558,
        "activity_lines": [
          41.3822,
          41.007618,
          40.544714,
          40.02346
        ]
      },
      {
        "date": "2026-01-23",
        "close": 41.206001,
        "volume": 374935,
        "typical_volume": 273576.5,
        "trend": 39.377967,
        "fair_value": 33.582192,
        "relative_strength": 0.20928,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.813664,
        "energy": 59.731018,
        "activity_lines": [
          41.405333,
          41.093836,
          40.651157,
          40.151191
        ]
      },
      {
        "date": "2026-01-30",
        "close": 41.009998,
        "volume": 236773,
        "typical_volume": 279543.95,
        "trend": 39.520967,
        "fair_value": 33.673397,
        "relative_strength": -0.330297,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.482906,
        "energy": 52.146503,
        "activity_lines": [
          41.320266,
          41.127982,
          40.724509,
          40.256484
        ]
      },
      {
        "date": "2026-02-06",
        "close": 41.143002,
        "volume": 295108,
        "typical_volume": 281259.85,
        "trend": 39.659433,
        "fair_value": 33.766103,
        "relative_strength": 0.688655,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.433095,
        "energy": 41.737267,
        "activity_lines": [
          41.263934,
          41.158636,
          40.800514,
          40.361131
        ]
      },
      {
        "date": "2026-02-13",
        "close": 41.028,
        "volume": 263495,
        "typical_volume": 284045.75,
        "trend": 39.783233,
        "fair_value": 33.858192,
        "relative_strength": 0.577614,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 41.379068,
        "energy": 27.594258,
        "activity_lines": [
          41.138667,
          41.1604,
          40.855686,
          40.449426
        ]
      },
      {
        "date": "2026-02-20",
        "close": 41.591999,
        "volume": 185636,
        "typical_volume": 281966.4,
        "trend": 39.916567,
        "fair_value": 33.956372,
        "relative_strength": -0.374414,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 51.535926,
        "energy": 32.187952,
        "activity_lines": [
          41.248467,
          41.261,
          40.955519,
          40.56612
        ]
      },
      {
        "date": "2026-02-27",
        "close": 41.525002,
        "volume": 180616,
        "typical_volume": 277007.9,
        "trend": 40.061033,
        "fair_value": 34.052756,
        "relative_strength": -1.377938,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 57.653384,
        "energy": 37.126028,
        "activity_lines": [
          41.358201,
          41.326237,
          41.040286,
          40.66989
        ]
      },
      {
        "date": "2026-03-06",
        "close": 41.396,
        "volume": 284585,
        "typical_volume": 275299.85,
        "trend": 40.180633,
        "fair_value": 34.152731,
        "relative_strength": 2.876926,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 51.927347,
        "energy": 34.801494,
        "activity_lines": [
          41.403667,
          41.350528,
          41.102819,
          40.756017
        ]
      },
      {
        "date": "2026-03-13",
        "close": 40.895,
        "volume": 212942,
        "typical_volume": 279505.3,
        "trend": 40.270767,
        "fair_value": 34.250808,
        "relative_strength": -0.596371,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 39.491268,
        "energy": 26.216372,
        "activity_lines": [
          41.2564,
          41.272455,
          41.107776,
          40.802105
        ]
      },
      {
        "date": "2026-03-20",
        "close": 39.785,
        "volume": 273329,
        "typical_volume": 280523.5,
        "trend": 40.318067,
        "fair_value": 34.341506,
        "relative_strength": 0.644704,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": -4.201547,
        "energy": 8.220611,
        "activity_lines": [
          40.755667,
          40.988727,
          41.003276,
          40.770766
        ]
      },
      {
        "date": "2026-03-27",
        "close": 39.273998,
        "volume": 455096,
        "typical_volume": 285968.25,
        "trend": 40.354033,
        "fair_value": 34.424288,
        "relative_strength": -0.573249,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -31.355133,
        "energy": 30.686561,
        "activity_lines": [
          40.167466,
          40.647527,
          40.855109,
          40.703406
        ]
      },
      {
        "date": "2026-04-03",
        "close": 40.347,
        "volume": 206107,
        "typical_volume": 283456.7,
        "trend": 40.426367,
        "fair_value": 34.514635,
        "relative_strength": 0.381967,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -15.333385,
        "energy": 26.357699,
        "activity_lines": [
          40.091466,
          40.549636,
          40.811148,
          40.702953
        ]
      },
      {
        "date": "2026-04-10",
        "close": 41.259998,
        "volume": 190800,
        "typical_volume": 271325.8,
        "trend": 40.5048,
        "fair_value": 34.609487,
        "relative_strength": -0.919871,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -2.731639,
        "energy": 16.17724,
        "activity_lines": [
          40.398332,
          40.633363,
          40.853924,
          40.756735
        ]
      },
      {
        "date": "2026-04-17",
        "close": 42.617001,
        "volume": 161706,
        "typical_volume": 269033.6,
        "trend": 40.6231,
        "fair_value": 34.712994,
        "relative_strength": 0.837122,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 53.211231,
        "energy": 24.047285,
        "activity_lines": [
          41.1666,
          40.959272,
          41.0175,
          40.893006
        ]
      },
      {
        "date": "2026-04-24",
        "close": 42.657001,
        "volume": 162218,
        "typical_volume": 263308.2,
        "trend": 40.740767,
        "fair_value": 34.817526,
        "relative_strength": 1.088861,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 68.51829,
        "energy": 49.573418,
        "activity_lines": [
          41.8334,
          41.265654,
          41.175776,
          41.024226
        ]
      },
      {
        "date": "2026-05-01",
        "close": 42.799,
        "volume": 157440,
        "typical_volume": 254439.05,
        "trend": 40.8418,
        "fair_value": 34.922654,
        "relative_strength": 1.920577,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.519349,
        "energy": 70.117102,
        "activity_lines": [
          42.356067,
          41.568236,
          41.338848,
          41.157015
        ]
      },
      {
        "date": "2026-05-08",
        "close": 43.667,
        "volume": 270619,
        "typical_volume": 248070.35,
        "trend": 40.982833,
        "fair_value": 35.031564,
        "relative_strength": 3.44368,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.432006,
        "energy": 83.48268,
        "activity_lines": [
          42.933067,
          42.006691,
          41.572767,
          41.339286
        ]
      },
      {
        "date": "2026-05-15",
        "close": 44.242001,
        "volume": 137193,
        "typical_volume": 247737.0,
        "trend": 41.146733,
        "fair_value": 35.140878,
        "relative_strength": 5.333942,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.318356,
        "energy": 87.739117,
        "activity_lines": [
          43.480401,
          42.510746,
          41.846667,
          41.549555
        ]
      },
      {
        "date": "2026-05-22",
        "close": 44.901001,
        "volume": 213366,
        "typical_volume": 244781.0,
        "trend": 41.306467,
        "fair_value": 35.253808,
        "relative_strength": 3.172858,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 85.366628,
        "energy": 91.277979,
        "activity_lines": [
          44.048601,
          43.082873,
          42.166824,
          41.791766
        ]
      },
      {
        "date": "2026-05-29",
        "close": 45.125,
        "volume": 216924,
        "typical_volume": 236226.05,
        "trend": 41.449467,
        "fair_value": 35.365333,
        "relative_strength": 4.493865,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.591381,
        "energy": 92.011155,
        "activity_lines": [
          44.5392,
          43.622891,
          42.488233,
          42.038123
        ]
      },
      {
        "date": "2026-06-05",
        "close": 45.087002,
        "volume": 25840,
        "typical_volume": 225236.4,
        "trend": 41.629133,
        "fair_value": 35.476282,
        "relative_strength": 3.604974,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.796131,
        "energy": 89.561253,
        "activity_lines": [
          44.852601,
          44.05891,
          42.789877,
          42.272802
        ]
      },
      {
        "date": "2026-06-12",
        "close": 44.942001,
        "volume": 23544,
        "typical_volume": 207666.85,
        "trend": 41.7838,
        "fair_value": 35.583885,
        "relative_strength": -0.661049,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.739965,
        "energy": 85.659672,
        "activity_lines": [
          44.965134,
          44.362874,
          43.062658,
          42.486536
        ]
      },
      {
        "date": "2026-06-19",
        "close": 45.625999,
        "volume": 45375,
        "typical_volume": 198096.95,
        "trend": 41.9884,
        "fair_value": 35.69941,
        "relative_strength": 1.010854,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.092271,
        "energy": 88.337572,
        "activity_lines": [
          45.220667,
          44.707655,
          43.382791,
          42.73442
        ]
      },
      {
        "date": "2026-06-26",
        "close": 45.212002,
        "volume": 45486,
        "typical_volume": 185615.85,
        "trend": 42.138667,
        "fair_value": 35.80884,
        "relative_strength": 1.608926,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.955885,
        "energy": 78.617392,
        "activity_lines": [
          45.245934,
          44.897783,
          43.641515,
          42.942394
        ]
      },
      {
        "date": "2026-07-03",
        "close": 45.944,
        "volume": 62283,
        "typical_volume": 175555.25,
        "trend": 42.309334,
        "fair_value": 35.92541,
        "relative_strength": 1.021572,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.644662,
        "energy": 81.255831,
        "activity_lines": [
          45.494467,
          45.173819,
          43.950577,
          43.187899
        ]
      },
      {
        "date": "2026-07-10",
        "close": 46.119999,
        "volume": 255605,
        "typical_volume": 179053.7,
        "trend": 42.502767,
        "fair_value": 36.042301,
        "relative_strength": 1.199269,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.58533,
        "energy": 85.641067,
        "activity_lines": [
          45.747067,
          45.422091,
          44.252991,
          43.433749
        ]
      },
      {
        "date": "2026-07-17",
        "close": 45.652,
        "volume": 264290,
        "typical_volume": 183237.4,
        "trend": 42.6724,
        "fair_value": 36.153295,
        "relative_strength": -0.577967,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.688372,
        "energy": 76.532615,
        "activity_lines": [
          45.7748,
          45.524891,
          44.489272,
          43.636925
        ]
      },
      {
        "date": "2026-07-24",
        "close": 45.783001,
        "volume": 156149,
        "typical_volume": 176815.6,
        "trend": 42.8393,
        "fair_value": 36.262269,
        "relative_strength": -0.138061,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.365878,
        "energy": 64.465712,
        "activity_lines": [
          45.798867,
          45.615419,
          44.718377,
          43.837609
        ]
      },
      {
        "date": "2026-07-31",
        "close": 45.442001,
        "volume": 156987,
        "typical_volume": 174017.85,
        "trend": 42.9979,
        "fair_value": 36.372167,
        "relative_strength": -1.675109,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.112882,
        "energy": 59.496559,
        "activity_lines": [
          45.6988,
          45.615928,
          44.894115,
          44.005525
        ]
      },
      {
        "date": "2026-08-07",
        "close": 47.048,
        "volume": 205861,
        "typical_volume": 170644.45,
        "trend": 43.175034,
        "fair_value": 36.493699,
        "relative_strength": 0.678211,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.524849,
        "energy": 68.483428,
        "activity_lines": [
          46.118734,
          45.8986,
          45.201153,
          44.266822
        ]
      }
    ],
    "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."
    }
  }
}