{
  "ticker": {
    "uuid": "bfc4992d-59a2-44df-b14c-77eece7a67fa",
    "symbol": "UHT",
    "name": "Universal Health Realty Income Trust",
    "exchange": "NYSE",
    "country": "US",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "SPY",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 62.908,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 51.974,
    "architecture_energy": 32.411,
    "architecture_maturity": 14.687,
    "architecture_confidence": 58.142,
    "architecture_tenure": "Developing",
    "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": 39.2,
        "rotation_up": 50.73,
        "upward_expansion": 74.06,
        "deceleration": 61.47,
        "rotation_down": 17.04,
        "downward_expansion": 3.06
      },
      "activity_lines": [
        43.300667,
        43.005258,
        42.032595,
        41.742491
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 42.72,
    "trend_reference": 41.347143,
    "distance_from_trend": 0.033203,
    "trend_direction": "Improving",
    "fair_value": 36.949938,
    "distance_from_fair_value": 0.156159,
    "fair_value_direction": "Improving",
    "relative_strength": -4.609057,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.033319,
    "excess_performance": -0.092306,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.033203,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.027959,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.156159,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.069946,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.046091,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.043503,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.033319,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.441959,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 630405,
      "relative_activity": 1.039545,
      "balance": 0.441959,
      "dry_up": 0.786839,
      "accumulation_observations": 2,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.064942,
      "annualized_volatility": 0.314757,
      "from_high_reference": -0.077322,
      "from_low_reference": 0.2569
    },
    "levels": {
      "trend_reference": 41.347143,
      "fair_value_reference": 36.949938,
      "structural_low": 37.042721,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 13,
        "median_return": -0.007896,
        "positive_rate": 0.307692,
        "directional_follow_through": 0.307692,
        "median_excess_return": -0.024334,
        "regime_survival": 0.615385,
        "best_return": 0.079105,
        "worst_return": -0.113941,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.030763,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.118767,
        "regime_survival": 0.5,
        "best_return": 0.020424,
        "worst_return": -0.184814,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.059806,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.179608,
        "regime_survival": 0.25,
        "best_return": 0.034837,
        "worst_return": -0.100054,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.026186,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.207354,
        "regime_survival": 0.666667,
        "best_return": 0.189063,
        "worst_return": -0.171415,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-28",
        "end": "2025-03-14",
        "tenure": "New",
        "return": 0.04008,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-03-21",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.069224,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-18",
        "end": "2025-06-13",
        "tenure": "Developing",
        "return": 0.064617,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-20",
        "end": "2025-10-03",
        "tenure": "Established",
        "return": -0.038384,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-10",
        "end": "2025-10-17",
        "tenure": "New",
        "return": -0.003043,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-10-24",
        "end": "2025-11-14",
        "tenure": "New",
        "return": 0.086789,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-11-21",
        "end": "2025-11-28",
        "tenure": "New",
        "return": 0.003952,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-12-05",
        "end": "2025-12-12",
        "tenure": "New",
        "return": 0.061496,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-12-19",
        "end": "2026-01-09",
        "tenure": "New",
        "return": -0.028488,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-01-16",
        "end": "2026-02-06",
        "tenure": "New",
        "return": 0.044147,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-02-13",
        "end": "2026-03-27",
        "tenure": "Developing",
        "return": -0.061823,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-04-03",
        "end": "2026-06-05",
        "tenure": "Developing",
        "return": -0.010126,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-06-12",
        "end": "2026-07-03",
        "tenure": "New",
        "return": 0.160447,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-07-10",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.007896,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 38.069228,
        "volume": 177861,
        "typical_volume": 206420.3,
        "trend": 39.168383,
        "fair_value": 42.404844,
        "relative_strength": -9.365746,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "down",
        "direction": -15.456169,
        "energy": 8.262643,
        "activity_lines": [
          39.02253,
          39.132152,
          38.509567,
          38.498395
        ]
      },
      {
        "date": "2023-08-25",
        "close": 38.348003,
        "volume": 235499,
        "typical_volume": 208398.9,
        "trend": 39.009564,
        "fair_value": 42.337956,
        "relative_strength": -9.158679,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -16.726975,
        "energy": 9.986157,
        "activity_lines": [
          38.741022,
          38.99023,
          38.544908,
          38.445468
        ]
      },
      {
        "date": "2023-09-01",
        "close": 38.290608,
        "volume": 140648,
        "typical_volume": 205197.15,
        "trend": 38.766296,
        "fair_value": 42.273416,
        "relative_strength": -11.290636,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -3.508195,
        "energy": 6.571216,
        "activity_lines": [
          38.551345,
          38.863216,
          38.575149,
          38.399083
        ]
      },
      {
        "date": "2023-09-08",
        "close": 36.822938,
        "volume": 146916,
        "typical_volume": 203006.15,
        "trend": 38.532491,
        "fair_value": 42.219467,
        "relative_strength": -13.331949,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -52.565964,
        "energy": 32.83385,
        "activity_lines": [
          37.906335,
          38.461004,
          38.462867,
          38.273705
        ]
      },
      {
        "date": "2023-09-15",
        "close": 36.888532,
        "volume": 466550,
        "typical_volume": 217120.55,
        "trend": 38.272742,
        "fair_value": 42.180199,
        "relative_strength": -12.803079,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -32.812019,
        "energy": 38.242876,
        "activity_lines": [
          37.424765,
          38.110522,
          38.361652,
          38.167643
        ]
      },
      {
        "date": "2023-09-22",
        "close": 34.305648,
        "volume": 306270,
        "typical_volume": 221239.9,
        "trend": 37.98767,
        "fair_value": 42.150255,
        "relative_strength": -16.208692,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -57.035177,
        "energy": 64.62535,
        "activity_lines": [
          36.298693,
          37.329036,
          38.006144,
          37.911702
        ]
      },
      {
        "date": "2023-09-29",
        "close": 33.697215,
        "volume": 296846,
        "typical_volume": 226832.15,
        "trend": 37.765119,
        "fair_value": 42.093091,
        "relative_strength": -16.83245,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -85.48823,
        "energy": 84.218729,
        "activity_lines": [
          35.220716,
          36.535469,
          37.600303,
          37.634898
        ]
      },
      {
        "date": "2023-10-06",
        "close": 34.122285,
        "volume": 267521,
        "typical_volume": 226974.7,
        "trend": 37.619104,
        "fair_value": 42.04775,
        "relative_strength": -15.986771,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.872804,
        "energy": 84.134866,
        "activity_lines": [
          34.594482,
          35.934009,
          37.247723,
          37.399877
        ]
      },
      {
        "date": "2023-10-13",
        "close": 32.205303,
        "volume": 206715,
        "typical_volume": 228747.15,
        "trend": 37.388622,
        "fair_value": 42.00224,
        "relative_strength": -20.716663,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -86.622804,
        "energy": 92.161822,
        "activity_lines": [
          33.607142,
          35.069038,
          36.718752,
          37.050599
        ]
      },
      {
        "date": "2023-10-20",
        "close": 31.28015,
        "volume": 283143,
        "typical_volume": 230422.4,
        "trend": 37.145614,
        "fair_value": 41.940052,
        "relative_strength": -20.782674,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -86.264589,
        "energy": 93.833,
        "activity_lines": [
          32.61926,
          34.158425,
          36.113667,
          36.656504
        ]
      },
      {
        "date": "2023-10-27",
        "close": 31.70522,
        "volume": 426162,
        "typical_volume": 239315.2,
        "trend": 36.90681,
        "fair_value": 41.898789,
        "relative_strength": -17.271563,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.431596,
        "energy": 89.49251,
        "activity_lines": [
          32.14696,
          33.486103,
          35.574586,
          36.305511
        ]
      },
      {
        "date": "2023-11-03",
        "close": 33.922252,
        "volume": 221202,
        "typical_volume": 232450.1,
        "trend": 36.75672,
        "fair_value": 41.876128,
        "relative_strength": -15.944086,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.485671,
        "energy": 69.90081,
        "activity_lines": [
          32.587032,
          33.332587,
          35.286459,
          36.112959
        ]
      },
      {
        "date": "2023-11-10",
        "close": 32.605368,
        "volume": 212796,
        "typical_volume": 227071.85,
        "trend": 36.586433,
        "fair_value": 41.809175,
        "relative_strength": -19.875993,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.845518,
        "energy": 57.379545,
        "activity_lines": [
          32.573141,
          33.020106,
          34.900628,
          35.84513
        ]
      },
      {
        "date": "2023-11-17",
        "close": 33.413835,
        "volume": 236935,
        "typical_volume": 227217.35,
        "trend": 36.439055,
        "fair_value": 41.750788,
        "relative_strength": -19.26672,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.766903,
        "energy": 46.018052,
        "activity_lines": [
          32.929866,
          32.957986,
          34.616679,
          35.640446
        ]
      },
      {
        "date": "2023-11-24",
        "close": 32.972095,
        "volume": 111325,
        "typical_volume": 224790.3,
        "trend": 36.366632,
        "fair_value": 41.675531,
        "relative_strength": -20.615933,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -45.550857,
        "energy": 35.880045,
        "activity_lines": [
          33.058776,
          32.877534,
          34.317318,
          35.416771
        ]
      },
      {
        "date": "2023-12-01",
        "close": 34.989094,
        "volume": 291503,
        "typical_volume": 231651.8,
        "trend": 36.336127,
        "fair_value": 41.598251,
        "relative_strength": -15.940696,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.655719,
        "energy": 26.595955,
        "activity_lines": [
          33.747223,
          33.235017,
          34.238815,
          35.327898
        ]
      },
      {
        "date": "2023-12-08",
        "close": 35.26414,
        "volume": 228572,
        "typical_volume": 236375.1,
        "trend": 36.298902,
        "fair_value": 41.505313,
        "relative_strength": -14.986737,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -30.297978,
        "energy": 22.48107,
        "activity_lines": [
          34.308427,
          33.630083,
          34.209061,
          35.258737
        ]
      },
      {
        "date": "2023-12-15",
        "close": 37.489506,
        "volume": 587436,
        "typical_volume": 256387.6,
        "trend": 36.367903,
        "fair_value": 41.432621,
        "relative_strength": -11.360869,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 1.448023,
        "energy": 17.112698,
        "activity_lines": [
          35.52196,
          34.40127,
          34.413857,
          35.335551
        ]
      },
      {
        "date": "2023-12-22",
        "close": 36.6123,
        "volume": 277612,
        "typical_volume": 262847.3,
        "trend": 36.430824,
        "fair_value": 41.366868,
        "relative_strength": -13.777947,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 5.394186,
        "energy": 25.934818,
        "activity_lines": [
          36.117482,
          34.951744,
          34.541346,
          35.351318
        ]
      },
      {
        "date": "2023-12-29",
        "close": 36.654675,
        "volume": 172655,
        "typical_volume": 264708.35,
        "trend": 36.431332,
        "fair_value": 41.305034,
        "relative_strength": -13.538747,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 23.190016,
        "energy": 33.685286,
        "activity_lines": [
          36.513898,
          35.429794,
          34.683985,
          35.36576
        ]
      },
      {
        "date": "2024-01-05",
        "close": 35.620717,
        "volume": 178950,
        "typical_volume": 264762.8,
        "trend": 36.283187,
        "fair_value": 41.231677,
        "relative_strength": -14.179548,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 20.146914,
        "energy": 29.015521,
        "activity_lines": [
          36.320156,
          35.622134,
          34.744728,
          35.313462
        ]
      },
      {
        "date": "2024-01-12",
        "close": 35.824118,
        "volume": 166832,
        "typical_volume": 261329.45,
        "trend": 36.152595,
        "fair_value": 41.137596,
        "relative_strength": -14.719396,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "down",
        "direction": -0.657276,
        "energy": 21.652512,
        "activity_lines": [
          36.152106,
          35.780265,
          34.836502,
          35.283845
        ]
      },
      {
        "date": "2024-01-19",
        "close": 35.086787,
        "volume": 161555,
        "typical_volume": 262374.8,
        "trend": 36.061107,
        "fair_value": 41.060217,
        "relative_strength": -16.840145,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "down",
        "direction": -15.835244,
        "energy": 11.957398,
        "activity_lines": [
          35.700947,
          35.769756,
          34.870072,
          35.215083
        ]
      },
      {
        "date": "2024-01-26",
        "close": 35.722418,
        "volume": 195877,
        "typical_volume": 264822.85,
        "trend": 35.951449,
        "fair_value": 41.013603,
        "relative_strength": -15.556057,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -19.253101,
        "energy": 12.218232,
        "activity_lines": [
          35.621847,
          35.8297,
          34.979435,
          35.193232
        ]
      },
      {
        "date": "2024-02-02",
        "close": 33.781627,
        "volume": 268333,
        "typical_volume": 254912.0,
        "trend": 35.777099,
        "fair_value": 40.945637,
        "relative_strength": -20.49129,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -41.653076,
        "energy": 23.929033,
        "activity_lines": [
          34.955141,
          35.494799,
          34.909201,
          35.053244
        ]
      },
      {
        "date": "2024-02-09",
        "close": 33.069721,
        "volume": 296660,
        "typical_volume": 254431.5,
        "trend": 35.55524,
        "fair_value": 40.864378,
        "relative_strength": -22.483104,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -51.606619,
        "energy": 33.655348,
        "activity_lines": [
          34.242671,
          35.015741,
          34.785961,
          34.878574
        ]
      },
      {
        "date": "2024-02-16",
        "close": 33.654501,
        "volume": 288082,
        "typical_volume": 253993.3,
        "trend": 35.343308,
        "fair_value": 40.795273,
        "relative_strength": -20.050393,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -54.176018,
        "energy": 37.52461,
        "activity_lines": [
          33.895193,
          34.677905,
          34.7243,
          34.755946
        ]
      },
      {
        "date": "2024-02-23",
        "close": 35.383415,
        "volume": 289479,
        "typical_volume": 255091.2,
        "trend": 35.229456,
        "fair_value": 40.736004,
        "relative_strength": -16.559939,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -31.166204,
        "energy": 25.187758,
        "activity_lines": [
          34.268661,
          34.683682,
          34.827501,
          34.758534
        ]
      },
      {
        "date": "2024-03-01",
        "close": 33.035821,
        "volume": 862114,
        "typical_volume": 287861.15,
        "trend": 35.032432,
        "fair_value": 40.629407,
        "relative_strength": -22.192436,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -51.183809,
        "energy": 37.841618,
        "activity_lines": [
          33.839822,
          34.300918,
          34.701116,
          34.617009
        ]
      },
      {
        "date": "2024-03-08",
        "close": 32.93412,
        "volume": 510107,
        "typical_volume": 299209.35,
        "trend": 34.792388,
        "fair_value": 40.498097,
        "relative_strength": -21.587867,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -51.166522,
        "energy": 36.317062,
        "activity_lines": [
          33.55619,
          33.964688,
          34.56109,
          34.481634
        ]
      },
      {
        "date": "2024-03-15",
        "close": 30.565338,
        "volume": 1628503,
        "typical_volume": 359326.4,
        "trend": 34.542258,
        "fair_value": 40.370992,
        "relative_strength": -26.467436,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -79.236305,
        "energy": 64.28912,
        "activity_lines": [
          32.539464,
          33.265418,
          34.187591,
          34.208921
        ]
      },
      {
        "date": "2024-03-22",
        "close": 30.807508,
        "volume": 730767,
        "typical_volume": 384804.65,
        "trend": 34.290909,
        "fair_value": 40.236999,
        "relative_strength": -26.816489,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.978871,
        "energy": 74.726075,
        "activity_lines": [
          31.770421,
          32.702095,
          33.842583,
          33.967969
        ]
      },
      {
        "date": "2024-03-29",
        "close": 31.750242,
        "volume": 375172,
        "typical_volume": 392923.45,
        "trend": 34.072896,
        "fair_value": 40.113293,
        "relative_strength": -24.202215,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.704584,
        "energy": 69.40399,
        "activity_lines": [
          31.505421,
          32.401389,
          33.602191,
          33.804055
        ]
      },
      {
        "date": "2024-04-05",
        "close": 29.648551,
        "volume": 533364,
        "typical_volume": 407744.9,
        "trend": 33.83375,
        "fair_value": 39.977419,
        "relative_strength": -27.926977,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.933115,
        "energy": 79.169241,
        "activity_lines": [
          30.78207,
          31.779221,
          33.16571,
          33.518614
        ]
      },
      {
        "date": "2024-04-12",
        "close": 28.887444,
        "volume": 380717,
        "typical_volume": 421214.5,
        "trend": 33.567047,
        "fair_value": 39.838113,
        "relative_strength": -28.104063,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.077697,
        "energy": 79.450471,
        "activity_lines": [
          30.030834,
          31.129105,
          32.674673,
          33.199497
        ]
      },
      {
        "date": "2024-04-19",
        "close": 28.930689,
        "volume": 462501,
        "typical_volume": 429764.4,
        "trend": 33.387882,
        "fair_value": 39.701789,
        "relative_strength": -25.079255,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.876675,
        "energy": 76.599775,
        "activity_lines": [
          29.563791,
          30.575836,
          32.207205,
          32.900377
        ]
      },
      {
        "date": "2024-04-26",
        "close": 29.97721,
        "volume": 289547,
        "typical_volume": 432813.15,
        "trend": 33.263882,
        "fair_value": 39.581733,
        "relative_strength": -23.867835,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.487229,
        "energy": 68.652224,
        "activity_lines": [
          29.554565,
          30.288099,
          31.868255,
          32.680334
        ]
      },
      {
        "date": "2024-05-03",
        "close": 31.36104,
        "volume": 329491,
        "typical_volume": 419915.9,
        "trend": 33.17184,
        "fair_value": 39.474512,
        "relative_strength": -20.292259,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.287834,
        "energy": 47.21812,
        "activity_lines": [
          30.06197,
          30.318828,
          31.686275,
          32.55757
        ]
      },
      {
        "date": "2024-05-10",
        "close": 32.450806,
        "volume": 240763,
        "typical_volume": 418073.45,
        "trend": 33.180024,
        "fair_value": 39.368447,
        "relative_strength": -18.477091,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -43.221805,
        "energy": 28.887308,
        "activity_lines": [
          30.958576,
          30.62083,
          31.637265,
          32.511052
        ]
      },
      {
        "date": "2024-05-17",
        "close": 32.277827,
        "volume": 272495,
        "typical_volume": 423065.45,
        "trend": 33.213279,
        "fair_value": 39.26244,
        "relative_strength": -19.727825,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -33.92031,
        "energy": 24.309111,
        "activity_lines": [
          31.610706,
          30.902017,
          31.591597,
          32.452845
        ]
      },
      {
        "date": "2024-05-24",
        "close": 32.295125,
        "volume": 209924,
        "typical_volume": 424614.15,
        "trend": 33.232943,
        "fair_value": 39.14675,
        "relative_strength": -19.215276,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -26.595276,
        "energy": 26.112776,
        "activity_lines": [
          32.042576,
          31.198283,
          31.568419,
          32.393609
        ]
      },
      {
        "date": "2024-05-31",
        "close": 32.502699,
        "volume": 196140,
        "typical_volume": 426079.55,
        "trend": 33.185625,
        "fair_value": 39.026468,
        "relative_strength": -17.848866,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -17.86708,
        "energy": 23.455322,
        "activity_lines": [
          32.319342,
          31.500838,
          31.580846,
          32.346497
        ]
      },
      {
        "date": "2024-06-07",
        "close": 33.618412,
        "volume": 292394,
        "typical_volume": 432621.5,
        "trend": 33.219393,
        "fair_value": 38.911379,
        "relative_strength": -15.400178,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 5.076648,
        "energy": 19.766273,
        "activity_lines": [
          32.799646,
          31.975429,
          31.715348,
          32.374419
        ]
      },
      {
        "date": "2024-06-14",
        "close": 33.480029,
        "volume": 402482,
        "typical_volume": 442951.75,
        "trend": 33.221599,
        "fair_value": 38.838602,
        "relative_strength": -16.467989,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 4.443724,
        "energy": 21.348011,
        "activity_lines": [
          33.083331,
          32.390892,
          31.843662,
          32.391234
        ]
      },
      {
        "date": "2024-06-21",
        "close": 33.989794,
        "volume": 532273,
        "typical_volume": 456148.75,
        "trend": 33.255522,
        "fair_value": 38.765606,
        "relative_strength": -15.162237,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 28.746417,
        "energy": 41.691681,
        "activity_lines": [
          33.468323,
          32.829377,
          32.031204,
          32.440795
        ]
      },
      {
        "date": "2024-06-28",
        "close": 34.501051,
        "volume": 661563,
        "typical_volume": 474393.9,
        "trend": 33.239254,
        "fair_value": 38.698762,
        "relative_strength": -13.254183,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 34.099036,
        "energy": 54.340784,
        "activity_lines": [
          33.909603,
          33.268047,
          32.266445,
          32.521152
        ]
      },
      {
        "date": "2024-07-05",
        "close": 33.734165,
        "volume": 171456,
        "typical_volume": 468562.6,
        "trend": 33.188255,
        "fair_value": 38.623468,
        "relative_strength": -16.127258,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 25.223283,
        "energy": 47.884403,
        "activity_lines": [
          33.948192,
          33.466005,
          32.421834,
          32.553081
        ]
      },
      {
        "date": "2024-07-12",
        "close": 35.426603,
        "volume": 257137,
        "typical_volume": 466945.5,
        "trend": 33.119492,
        "fair_value": 38.556574,
        "relative_strength": -12.145781,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 50.039679,
        "energy": 59.465261,
        "activity_lines": [
          34.46883,
          33.90337,
          32.738029,
          32.697491
        ]
      },
      {
        "date": "2024-07-19",
        "close": 35.876157,
        "volume": 296412,
        "typical_volume": 438660.4,
        "trend": 33.094954,
        "fair_value": 38.499957,
        "relative_strength": -8.653454,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 49.432211,
        "energy": 63.446683,
        "activity_lines": [
          35.018773,
          34.348553,
          33.096832,
          32.87534
        ]
      },
      {
        "date": "2024-07-26",
        "close": 38.450073,
        "volume": 345925,
        "typical_volume": 430451.3,
        "trend": 33.1548,
        "fair_value": 38.464974,
        "relative_strength": -0.86903,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 89.070453,
        "energy": 86.116072,
        "activity_lines": [
          36.266946,
          35.199441,
          33.687244,
          33.220832
        ]
      },
      {
        "date": "2024-08-02",
        "close": 37.498076,
        "volume": 217506,
        "typical_volume": 359901.45,
        "trend": 33.217379,
        "fair_value": 38.423088,
        "relative_strength": -0.746963,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.382997,
        "energy": 86.388897,
        "activity_lines": [
          36.900434,
          35.765017,
          34.160724,
          33.501043
        ]
      },
      {
        "date": "2024-08-09",
        "close": 37.13667,
        "volume": 192338,
        "typical_volume": 332980.0,
        "trend": 33.261131,
        "fair_value": 38.390097,
        "relative_strength": -1.139561,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.394172,
        "energy": 82.009922,
        "activity_lines": [
          37.213653,
          36.170283,
          34.566771,
          33.753901
        ]
      },
      {
        "date": "2024-08-16",
        "close": 37.603854,
        "volume": 169355,
        "typical_volume": 322689.15,
        "trend": 33.345033,
        "fair_value": 38.353882,
        "relative_strength": -3.201963,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.596241,
        "energy": 80.371957,
        "activity_lines": [
          37.455765,
          36.576238,
          34.987173,
          34.034076
        ]
      },
      {
        "date": "2024-08-23",
        "close": 39.031848,
        "volume": 165079,
        "typical_volume": 304274.9,
        "trend": 33.455347,
        "fair_value": 38.326162,
        "relative_strength": -0.405923,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.699842,
        "energy": 75.337436,
        "activity_lines": [
          38.028726,
          37.169365,
          35.5157,
          34.400968
        ]
      },
      {
        "date": "2024-08-30",
        "close": 39.578365,
        "volume": 173465,
        "typical_volume": 293912.3,
        "trend": 33.648572,
        "fair_value": 38.307079,
        "relative_strength": 1.15298,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.46422,
        "energy": 74.130066,
        "activity_lines": [
          38.57348,
          37.760917,
          36.051594,
          34.796001
        ]
      },
      {
        "date": "2024-09-06",
        "close": 39.34918,
        "volume": 155170,
        "typical_volume": 278545.75,
        "trend": 33.857887,
        "fair_value": 38.290908,
        "relative_strength": 5.227857,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.204989,
        "energy": 77.174462,
        "activity_lines": [
          38.966619,
          38.209189,
          36.514752,
          35.163782
        ]
      },
      {
        "date": "2024-09-13",
        "close": 41.041618,
        "volume": 356633,
        "typical_volume": 281900.05,
        "trend": 34.104124,
        "fair_value": 38.28568,
        "relative_strength": 5.850655,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.528885,
        "energy": 85.063151,
        "activity_lines": [
          39.800497,
          38.877029,
          37.089482,
          35.627249
        ]
      },
      {
        "date": "2024-09-20",
        "close": 40.504723,
        "volume": 691365,
        "typical_volume": 299993.75,
        "trend": 34.274835,
        "fair_value": 38.276486,
        "relative_strength": 3.27515,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.249247,
        "energy": 77.691928,
        "activity_lines": [
          40.19508,
          39.314388,
          37.560392,
          36.040191
        ]
      },
      {
        "date": "2024-09-27",
        "close": 40.791292,
        "volume": 379223,
        "typical_volume": 306916.75,
        "trend": 34.53335,
        "fair_value": 38.267937,
        "relative_strength": 3.665791,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.653442,
        "energy": 66.339226,
        "activity_lines": [
          40.491795,
          39.711522,
          38.015053,
          36.460607
        ]
      },
      {
        "date": "2024-10-04",
        "close": 38.78531,
        "volume": 246831,
        "typical_volume": 305633.55,
        "trend": 34.72839,
        "fair_value": 38.247578,
        "relative_strength": -1.338494,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.091816,
        "energy": 55.212494,
        "activity_lines": [
          40.002554,
          39.654566,
          38.238951,
          36.734927
        ]
      },
      {
        "date": "2024-10-11",
        "close": 37.307689,
        "volume": 290620,
        "typical_volume": 309668.35,
        "trend": 34.953135,
        "fair_value": 38.214981,
        "relative_strength": -5.880439,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 47.371188,
        "energy": 35.908921,
        "activity_lines": [
          39.073642,
          39.322856,
          38.291136,
          36.901334
        ]
      },
      {
        "date": "2024-10-18",
        "close": 37.737542,
        "volume": 272743,
        "typical_volume": 313498.5,
        "trend": 35.184136,
        "fair_value": 38.183471,
        "relative_strength": -5.326561,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.111176,
        "energy": 23.588698,
        "activity_lines": [
          38.424114,
          39.072763,
          38.360389,
          37.080973
        ]
      },
      {
        "date": "2024-10-25",
        "close": 36.143503,
        "volume": 264201,
        "typical_volume": 312088.85,
        "trend": 35.330578,
        "fair_value": 38.143458,
        "relative_strength": -8.045971,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 12.393284,
        "energy": 23.941192,
        "activity_lines": [
          37.463511,
          38.521919,
          38.252902,
          37.142867
        ]
      },
      {
        "date": "2024-11-01",
        "close": 35.364393,
        "volume": 318616,
        "typical_volume": 307895.55,
        "trend": 35.521106,
        "fair_value": 38.084335,
        "relative_strength": -8.321824,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -10.409086,
        "energy": 28.683901,
        "activity_lines": [
          36.533953,
          37.855971,
          38.059189,
          37.145049
        ]
      },
      {
        "date": "2024-11-08",
        "close": 38.104709,
        "volume": 354401,
        "typical_volume": 299001.95,
        "trend": 35.828348,
        "fair_value": 38.048406,
        "relative_strength": -5.396844,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 5.328899,
        "energy": 20.715706,
        "activity_lines": [
          36.879627,
          37.754943,
          38.117485,
          37.311733
        ]
      },
      {
        "date": "2024-11-15",
        "close": 36.403206,
        "volume": 303060,
        "typical_volume": 281076.8,
        "trend": 36.077432,
        "fair_value": 38.004145,
        "relative_strength": -7.358319,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -1.330199,
        "energy": 18.846578,
        "activity_lines": [
          36.703506,
          37.371345,
          37.994139,
          37.348821
        ]
      },
      {
        "date": "2024-11-22",
        "close": 36.403206,
        "volume": 235285,
        "typical_volume": 284268.25,
        "trend": 36.291632,
        "fair_value": 37.969518,
        "relative_strength": -8.554981,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -1.259948,
        "energy": 15.941558,
        "activity_lines": [
          36.587685,
          37.04131,
          37.861735,
          37.369838
        ]
      },
      {
        "date": "2024-11-29",
        "close": 37.782319,
        "volume": 242083,
        "typical_volume": 283515.55,
        "trend": 36.505675,
        "fair_value": 37.93796,
        "relative_strength": -5.805485,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 6.898381,
        "energy": 6.889971,
        "activity_lines": [
          37.020523,
          37.046358,
          37.847965,
          37.466012
        ]
      },
      {
        "date": "2024-12-06",
        "close": 36.009173,
        "volume": 364166,
        "typical_volume": 286903.25,
        "trend": 36.624287,
        "fair_value": 37.887644,
        "relative_strength": -10.526809,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -4.456079,
        "energy": 10.510857,
        "activity_lines": [
          36.753059,
          36.778513,
          37.654107,
          37.433979
        ]
      },
      {
        "date": "2024-12-13",
        "close": 35.90171,
        "volume": 432650,
        "typical_volume": 291239.5,
        "trend": 36.745083,
        "fair_value": 37.834023,
        "relative_strength": -9.705965,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -21.543402,
        "energy": 17.939751,
        "activity_lines": [
          36.406788,
          36.578078,
          37.44938,
          37.387361
        ]
      },
      {
        "date": "2024-12-20",
        "close": 33.92307,
        "volume": 548148,
        "typical_volume": 307771.6,
        "trend": 36.799348,
        "fair_value": 37.766946,
        "relative_strength": -12.553989,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -46.680883,
        "energy": 38.502097,
        "activity_lines": [
          35.547837,
          36.070319,
          37.068347,
          37.205296
        ]
      },
      {
        "date": "2024-12-27",
        "close": 33.375482,
        "volume": 227781,
        "typical_volume": 309543.75,
        "trend": 36.828441,
        "fair_value": 37.6938,
        "relative_strength": -13.968688,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -48.85674,
        "energy": 61.941321,
        "activity_lines": [
          34.671699,
          35.524537,
          36.652187,
          36.984401
        ]
      },
      {
        "date": "2025-01-03",
        "close": 33.293344,
        "volume": 244598,
        "typical_volume": 313305.9,
        "trend": 36.817605,
        "fair_value": 37.616603,
        "relative_strength": -13.202802,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -71.763202,
        "energy": 75.707951,
        "activity_lines": [
          33.97003,
          35.043131,
          36.246114,
          36.756331
        ]
      },
      {
        "date": "2025-01-10",
        "close": 32.061271,
        "volume": 321488,
        "typical_volume": 321126.35,
        "trend": 36.770313,
        "fair_value": 37.538122,
        "relative_strength": -14.233133,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -79.242752,
        "energy": 82.966983,
        "activity_lines": [
          33.156935,
          34.389533,
          35.743227,
          36.44947
        ]
      },
      {
        "date": "2025-01-17",
        "close": 34.014335,
        "volume": 311862,
        "typical_volume": 328046.2,
        "trend": 36.771131,
        "fair_value": 37.482637,
        "relative_strength": -11.166628,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.9874,
        "energy": 71.996385,
        "activity_lines": [
          33.258055,
          34.151094,
          35.459539,
          36.271665
        ]
      },
      {
        "date": "2025-01-24",
        "close": 34.863096,
        "volume": 269306,
        "typical_volume": 333753.0,
        "trend": 36.783199,
        "fair_value": 37.426654,
        "relative_strength": -10.050112,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.691287,
        "energy": 48.248789,
        "activity_lines": [
          33.76792,
          34.141345,
          35.283181,
          36.148566
        ]
      },
      {
        "date": "2025-01-31",
        "close": 35.629719,
        "volume": 381815,
        "typical_volume": 335012.1,
        "trend": 36.846385,
        "fair_value": 37.383986,
        "relative_strength": -6.851532,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -43.892438,
        "energy": 30.496505,
        "activity_lines": [
          34.470658,
          34.298985,
          35.201197,
          36.074148
        ]
      },
      {
        "date": "2025-02-07",
        "close": 35.392431,
        "volume": 319245,
        "typical_volume": 316406.1,
        "trend": 36.845245,
        "fair_value": 37.33772,
        "relative_strength": -7.087659,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -35.716812,
        "energy": 22.71675,
        "activity_lines": [
          34.944017,
          34.427545,
          35.122386,
          35.980345
        ]
      },
      {
        "date": "2025-02-14",
        "close": 35.638845,
        "volume": 217319,
        "typical_volume": 308310.9,
        "trend": 36.837335,
        "fair_value": 37.287966,
        "relative_strength": -7.536669,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -29.483483,
        "energy": 24.147106,
        "activity_lines": [
          35.359576,
          34.64436,
          35.091386,
          35.902512
        ]
      },
      {
        "date": "2025-02-21",
        "close": 35.501948,
        "volume": 175054,
        "typical_volume": 304722.05,
        "trend": 36.739064,
        "fair_value": 37.240665,
        "relative_strength": -6.067937,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -26.061802,
        "energy": 21.713753,
        "activity_lines": [
          35.490996,
          34.843018,
          35.071884,
          35.816358
        ]
      },
      {
        "date": "2025-02-28",
        "close": 36.432848,
        "volume": 404957,
        "typical_volume": 310438.9,
        "trend": 36.703557,
        "fair_value": 37.182,
        "relative_strength": -2.553708,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -3.899519,
        "energy": 13.169231,
        "activity_lines": [
          35.833543,
          35.218198,
          35.156674,
          35.796603
        ]
      },
      {
        "date": "2025-03-07",
        "close": 38.349405,
        "volume": 366979,
        "typical_volume": 315150.7,
        "trend": 36.743981,
        "fair_value": 37.142476,
        "relative_strength": 5.77924,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 17.268079,
        "energy": 26.52548,
        "activity_lines": [
          36.710292,
          35.896212,
          35.42816,
          35.902786
        ]
      },
      {
        "date": "2025-03-14",
        "close": 37.893082,
        "volume": 291740,
        "typical_volume": 316527.65,
        "trend": 36.753622,
        "fair_value": 37.102175,
        "relative_strength": 6.733611,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 29.988815,
        "energy": 45.231195,
        "activity_lines": [
          37.253621,
          36.400822,
          35.653272,
          35.976922
        ]
      },
      {
        "date": "2025-03-21",
        "close": 37.208597,
        "volume": 436330,
        "typical_volume": 322413.35,
        "trend": 36.692847,
        "fair_value": 37.056412,
        "relative_strength": 4.081194,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 23.025012,
        "energy": 50.632608,
        "activity_lines": [
          37.402078,
          36.697349,
          35.804865,
          36.006275
        ]
      },
      {
        "date": "2025-03-28",
        "close": 37.894493,
        "volume": 280580,
        "typical_volume": 318722.3,
        "trend": 36.636718,
        "fair_value": 37.011185,
        "relative_strength": 7.36784,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 28.164328,
        "energy": 54.490616,
        "activity_lines": [
          37.674517,
          37.024997,
          36.012998,
          36.083801
        ]
      },
      {
        "date": "2025-04-04",
        "close": 36.612139,
        "volume": 350376,
        "typical_volume": 321088.1,
        "trend": 36.545483,
        "fair_value": 36.969562,
        "relative_strength": 13.577437,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 29.749183,
        "energy": 29.935209,
        "activity_lines": [
          37.360002,
          37.048941,
          36.100004,
          36.082215
        ]
      },
      {
        "date": "2025-04-11",
        "close": 34.632854,
        "volume": 398474,
        "typical_volume": 329247.55,
        "trend": 36.331858,
        "fair_value": 36.905626,
        "relative_strength": 1.438183,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": -8.942899,
        "energy": 7.984617,
        "activity_lines": [
          36.373772,
          36.681214,
          35.997511,
          35.958819
        ]
      },
      {
        "date": "2025-04-18",
        "close": 35.664312,
        "volume": 178424,
        "typical_volume": 326064.6,
        "trend": 36.170511,
        "fair_value": 36.858319,
        "relative_strength": 5.680765,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -3.784888,
        "energy": 11.315743,
        "activity_lines": [
          35.979132,
          36.51915,
          36.001683,
          35.915752
        ]
      },
      {
        "date": "2025-04-25",
        "close": 35.589973,
        "volume": 233004,
        "typical_volume": 319506.5,
        "trend": 35.997133,
        "fair_value": 36.84122,
        "relative_strength": 0.671741,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -9.220684,
        "energy": 18.429334,
        "activity_lines": [
          35.708296,
          36.338627,
          36.008861,
          35.878298
        ]
      },
      {
        "date": "2025-05-02",
        "close": 36.454168,
        "volume": 296849,
        "typical_volume": 312716.45,
        "trend": 35.919429,
        "fair_value": 36.835427,
        "relative_strength": 0.117266,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -3.508001,
        "energy": 13.878996,
        "activity_lines": [
          35.833434,
          36.316118,
          36.100339,
          35.907784
        ]
      },
      {
        "date": "2025-05-09",
        "close": 36.19398,
        "volume": 200384,
        "typical_volume": 295328.25,
        "trend": 35.882305,
        "fair_value": 36.828651,
        "relative_strength": -0.202104,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 23.332886,
        "energy": 13.091613,
        "activity_lines": [
          35.967865,
          36.22899,
          36.164407,
          35.925497
        ]
      },
      {
        "date": "2025-05-16",
        "close": 36.788695,
        "volume": 227723,
        "typical_volume": 295325.35,
        "trend": 35.850677,
        "fair_value": 36.822217,
        "relative_strength": -3.66481,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 35.037268,
        "energy": 16.058047,
        "activity_lines": [
          36.32841,
          36.254334,
          36.2743,
          35.983974
        ]
      },
      {
        "date": "2025-05-23",
        "close": 35.301908,
        "volume": 213211,
        "typical_volume": 293756.0,
        "trend": 35.822624,
        "fair_value": 36.792327,
        "relative_strength": -5.126234,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 17.099755,
        "energy": 8.836802,
        "activity_lines": [
          36.049638,
          36.03773,
          36.226341,
          35.948569
        ]
      },
      {
        "date": "2025-05-30",
        "close": 36.900204,
        "volume": 191571,
        "typical_volume": 287260.15,
        "trend": 35.873817,
        "fair_value": 36.777617,
        "relative_strength": -2.566145,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 38.065759,
        "energy": 17.687601,
        "activity_lines": [
          36.327791,
          36.158838,
          36.321036,
          36.018091
        ]
      },
      {
        "date": "2025-06-06",
        "close": 37.411287,
        "volume": 266419,
        "typical_volume": 284988.0,
        "trend": 35.850703,
        "fair_value": 36.757633,
        "relative_strength": -2.786005,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 45.864335,
        "energy": 30.416068,
        "activity_lines": [
          36.688956,
          36.378477,
          36.441363,
          36.117282
        ]
      },
      {
        "date": "2025-06-13",
        "close": 37.968833,
        "volume": 257983,
        "typical_volume": 284421.85,
        "trend": 35.902891,
        "fair_value": 36.753393,
        "relative_strength": -1.017148,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 59.848156,
        "energy": 45.928979,
        "activity_lines": [
          37.172162,
          36.708273,
          36.598614,
          36.253936
        ]
      },
      {
        "date": "2025-06-20",
        "close": 38.57284,
        "volume": 351922,
        "typical_volume": 282927.2,
        "trend": 35.975212,
        "fair_value": 36.732455,
        "relative_strength": 0.667912,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.283848,
        "energy": 62.23149,
        "activity_lines": [
          37.738381,
          37.123222,
          36.7986,
          36.426191
        ]
      },
      {
        "date": "2025-06-27",
        "close": 37.812172,
        "volume": 417798,
        "typical_volume": 287854.85,
        "trend": 35.976207,
        "fair_value": 36.706741,
        "relative_strength": -4.551453,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.51442,
        "energy": 59.21486,
        "activity_lines": [
          37.9321,
          37.328232,
          36.912127,
          36.544704
        ]
      },
      {
        "date": "2025-07-04",
        "close": 39.06091,
        "volume": 245909,
        "typical_volume": 289284.35,
        "trend": 36.077932,
        "fair_value": 36.700282,
        "relative_strength": -3.06948,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.602803,
        "energy": 66.714232,
        "activity_lines": [
          38.374714,
          37.721232,
          37.133058,
          36.743717
        ]
      },
      {
        "date": "2025-07-11",
        "close": 38.625743,
        "volume": 266920,
        "typical_volume": 293877.65,
        "trend": 36.168733,
        "fair_value": 36.690638,
        "relative_strength": -3.824405,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.560225,
        "energy": 63.798857,
        "activity_lines": [
          38.528226,
          37.972004,
          37.29625,
          36.908092
        ]
      },
      {
        "date": "2025-07-18",
        "close": 38.341939,
        "volume": 308769,
        "typical_volume": 289068.25,
        "trend": 36.316028,
        "fair_value": 36.676547,
        "relative_strength": -4.989725,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.950826,
        "energy": 49.994276,
        "activity_lines": [
          38.506172,
          38.131692,
          37.417537,
          37.048299
        ]
      },
      {
        "date": "2025-07-25",
        "close": 38.975769,
        "volume": 287785,
        "typical_volume": 285108.55,
        "trend": 36.502705,
        "fair_value": 36.659233,
        "relative_strength": -4.56765,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.425098,
        "energy": 51.295386,
        "activity_lines": [
          38.670521,
          38.367567,
          37.590098,
          37.219895
        ]
      },
      {
        "date": "2025-08-01",
        "close": 36.516133,
        "volume": 387593,
        "typical_volume": 289901.2,
        "trend": 36.610131,
        "fair_value": 36.630316,
        "relative_strength": -8.033238,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 28.3653,
        "energy": 19.121603,
        "activity_lines": [
          37.98813,
          38.116471,
          37.525426,
          37.220761
        ]
      },
      {
        "date": "2025-08-08",
        "close": 36.620194,
        "volume": 385524,
        "typical_volume": 287360.9,
        "trend": 36.762095,
        "fair_value": 36.586899,
        "relative_strength": -9.653365,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 21.317338,
        "energy": 14.198286,
        "activity_lines": [
          37.426829,
          37.862219,
          37.477221,
          37.221411
        ]
      },
      {
        "date": "2025-08-15",
        "close": 36.35531,
        "volume": 348165,
        "typical_volume": 290740.15,
        "trend": 36.840128,
        "fair_value": 36.546443,
        "relative_strength": -10.851222,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 12.562485,
        "energy": 16.511678,
        "activity_lines": [
          36.939947,
          37.564897,
          37.40659,
          37.195167
        ]
      },
      {
        "date": "2025-08-22",
        "close": 38.086516,
        "volume": 347558,
        "typical_volume": 290599.25,
        "trend": 36.947575,
        "fair_value": 36.530715,
        "relative_strength": -6.55692,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 27.907333,
        "energy": 21.926179,
        "activity_lines": [
          37.181496,
          37.601539,
          37.508166,
          37.275579
        ]
      },
      {
        "date": "2025-08-29",
        "close": 38.3987,
        "volume": 254319,
        "typical_volume": 283391.5,
        "trend": 37.039874,
        "fair_value": 36.530816,
        "relative_strength": -5.420183,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 37.203445,
        "energy": 17.688657,
        "activity_lines": [
          37.544134,
          37.692802,
          37.632453,
          37.3692
        ]
      },
      {
        "date": "2025-09-05",
        "close": 39.127131,
        "volume": 258416,
        "typical_volume": 287391.1,
        "trend": 37.164364,
        "fair_value": 36.529491,
        "relative_strength": -3.560978,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.254952,
        "energy": 32.744322,
        "activity_lines": [
          38.188054,
          37.919673,
          37.808182,
          37.503861
        ]
      },
      {
        "date": "2025-09-12",
        "close": 39.231192,
        "volume": 282391,
        "typical_volume": 289860.45,
        "trend": 37.284109,
        "fair_value": 36.541918,
        "relative_strength": -4.382092,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.001342,
        "energy": 52.154807,
        "activity_lines": [
          38.692595,
          38.141556,
          37.977332,
          37.637205
        ]
      },
      {
        "date": "2025-09-19",
        "close": 39.117671,
        "volume": 495899,
        "typical_volume": 299812.95,
        "trend": 37.404633,
        "fair_value": 36.571879,
        "relative_strength": -5.438496,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.022003,
        "energy": 58.379887,
        "activity_lines": [
          38.985229,
          38.339703,
          38.118331,
          37.755499
        ]
      },
      {
        "date": "2025-09-26",
        "close": 37.680267,
        "volume": 434812,
        "typical_volume": 311534.35,
        "trend": 37.446214,
        "fair_value": 36.596046,
        "relative_strength": -8.220947,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.460428,
        "energy": 44.871473,
        "activity_lines": [
          38.61457,
          38.26756,
          38.109751,
          37.773282
        ]
      },
      {
        "date": "2025-10-03",
        "close": 37.092266,
        "volume": 288121,
        "typical_volume": 314554.25,
        "trend": 37.404309,
        "fair_value": 36.625047,
        "relative_strength": -10.286988,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 23.292673,
        "energy": 12.776154,
        "activity_lines": [
          38.074995,
          38.100538,
          38.038093,
          37.750447
        ]
      },
      {
        "date": "2025-10-10",
        "close": 34.846295,
        "volume": 442203,
        "typical_volume": 326003.85,
        "trend": 37.30275,
        "fair_value": 36.630997,
        "relative_strength": -13.311589,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -32.937642,
        "energy": 27.577749,
        "activity_lines": [
          36.873858,
          37.559403,
          37.751088,
          37.585414
        ]
      },
      {
        "date": "2025-10-17",
        "close": 34.740262,
        "volume": 470672,
        "typical_volume": 339958.9,
        "trend": 37.220472,
        "fair_value": 36.630633,
        "relative_strength": -14.706748,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -36.361019,
        "energy": 46.243497,
        "activity_lines": [
          35.922766,
          37.02935,
          37.456154,
          37.420092
        ]
      },
      {
        "date": "2025-10-24",
        "close": 35.096918,
        "volume": 286699,
        "typical_volume": 340972.9,
        "trend": 37.127219,
        "fair_value": 36.611176,
        "relative_strength": -15.1652,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -39.182718,
        "energy": 62.274124,
        "activity_lines": [
          35.389955,
          36.598324,
          37.205473,
          37.283088
        ]
      },
      {
        "date": "2025-10-31",
        "close": 36.841643,
        "volume": 465447,
        "typical_volume": 351346.1,
        "trend": 37.13487,
        "fair_value": 36.602853,
        "relative_strength": -11.334084,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -34.769077,
        "energy": 58.390619,
        "activity_lines": [
          35.706769,
          36.5074,
          37.131977,
          37.264664
        ]
      },
      {
        "date": "2025-11-07",
        "close": 37.468201,
        "volume": 404756,
        "typical_volume": 353987.8,
        "trend": 37.229381,
        "fair_value": 36.593817,
        "relative_strength": -8.085357,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -23.416531,
        "energy": 28.714064,
        "activity_lines": [
          36.288343,
          36.55303,
          37.12352,
          37.286169
        ]
      },
      {
        "date": "2025-11-14",
        "close": 38.142957,
        "volume": 422658,
        "typical_volume": 354230.8,
        "trend": 37.312003,
        "fair_value": 36.582214,
        "relative_strength": -6.381994,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 7.397207,
        "energy": 8.39085,
        "activity_lines": [
          37.069774,
          36.738262,
          37.184586,
          37.34511
        ]
      },
      {
        "date": "2025-11-21",
        "close": 39.029778,
        "volume": 396970,
        "typical_volume": 361783.85,
        "trend": 37.426663,
        "fair_value": 36.571115,
        "relative_strength": -2.248228,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 25.389032,
        "energy": 28.054376,
        "activity_lines": [
          37.927035,
          37.102627,
          37.328537,
          37.455934
        ]
      },
      {
        "date": "2025-11-28",
        "close": 39.184008,
        "volume": 815789,
        "typical_volume": 389227.3,
        "trend": 37.517657,
        "fair_value": 36.551798,
        "relative_strength": -5.175792,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 36.215959,
        "energy": 36.085072,
        "activity_lines": [
          38.549738,
          37.498697,
          37.487324,
          37.569311
        ]
      },
      {
        "date": "2025-12-05",
        "close": 38.403219,
        "volume": 335968,
        "typical_volume": 390587.25,
        "trend": 37.591299,
        "fair_value": 36.5396,
        "relative_strength": -7.260364,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 28.658711,
        "energy": 34.523077,
        "activity_lines": [
          38.639705,
          37.751599,
          37.569091,
          37.626444
        ]
      },
      {
        "date": "2025-12-12",
        "close": 40.764863,
        "volume": 469271,
        "typical_volume": 399661.55,
        "trend": 37.723838,
        "fair_value": 36.559103,
        "relative_strength": -0.978893,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 77.198149,
        "energy": 69.235959,
        "activity_lines": [
          39.412782,
          38.420746,
          37.875486,
          37.83119
        ]
      },
      {
        "date": "2025-12-19",
        "close": 39.916599,
        "volume": 519816,
        "typical_volume": 406272.7,
        "trend": 37.877661,
        "fair_value": 36.569442,
        "relative_strength": -3.174592,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.149335,
        "energy": 62.717431,
        "activity_lines": [
          39.683327,
          38.868888,
          38.092574,
          37.972659
        ]
      },
      {
        "date": "2025-12-26",
        "close": 38.622335,
        "volume": 293488,
        "typical_volume": 401670.9,
        "trend": 37.935065,
        "fair_value": 36.573423,
        "relative_strength": -7.609775,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.277022,
        "energy": 45.717304,
        "activity_lines": [
          39.404207,
          38.989523,
          38.170206,
          38.020702
        ]
      },
      {
        "date": "2026-01-02",
        "close": 38.553595,
        "volume": 480380,
        "typical_volume": 408281.65,
        "trend": 37.973142,
        "fair_value": 36.571657,
        "relative_strength": -6.796463,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.815156,
        "energy": 35.618597,
        "activity_lines": [
          39.129337,
          39.027076,
          38.231757,
          38.060607
        ]
      },
      {
        "date": "2026-01-09",
        "close": 38.779457,
        "volume": 259525,
        "typical_volume": 403880.0,
        "trend": 38.000163,
        "fair_value": 36.555466,
        "relative_strength": -7.722565,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 39.174666,
        "energy": 22.50024,
        "activity_lines": [
          38.971782,
          39.042846,
          38.304351,
          38.112628
        ]
      },
      {
        "date": "2026-01-16",
        "close": 39.594522,
        "volume": 318511,
        "typical_volume": 407089.6,
        "trend": 38.034219,
        "fair_value": 36.540723,
        "relative_strength": -5.444555,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 44.99939,
        "energy": 21.948677,
        "activity_lines": [
          39.060833,
          39.171577,
          38.45127,
          38.21549
        ]
      },
      {
        "date": "2026-01-23",
        "close": 38.288453,
        "volume": 204354,
        "typical_volume": 404386.5,
        "trend": 38.050095,
        "fair_value": 36.509799,
        "relative_strength": -8.16937,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.020468,
        "energy": 16.565864,
        "activity_lines": [
          38.79255,
          39.024181,
          38.468108,
          38.231892
        ]
      },
      {
        "date": "2026-01-30",
        "close": 39.015138,
        "volume": 311976,
        "typical_volume": 405865.75,
        "trend": 38.048569,
        "fair_value": 36.467661,
        "relative_strength": -6.692796,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.687824,
        "energy": 17.516401,
        "activity_lines": [
          38.875038,
          39.006264,
          38.558147,
          38.294153
        ]
      },
      {
        "date": "2026-02-06",
        "close": 41.342495,
        "volume": 467317,
        "typical_volume": 404436.65,
        "trend": 38.139128,
        "fair_value": 36.45167,
        "relative_strength": -0.941736,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 70.459718,
        "energy": 43.724918,
        "activity_lines": [
          39.707126,
          39.411769,
          38.870868,
          38.506664
        ]
      },
      {
        "date": "2026-02-13",
        "close": 42.422703,
        "volume": 300337,
        "typical_volume": 397712.9,
        "trend": 38.275153,
        "fair_value": 36.437194,
        "relative_strength": 2.867863,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.055145,
        "energy": 65.482775,
        "activity_lines": [
          40.713356,
          39.97443,
          39.275872,
          38.783024
        ]
      },
      {
        "date": "2026-02-20",
        "close": 42.363782,
        "volume": 194115,
        "typical_volume": 393012.6,
        "trend": 38.388087,
        "fair_value": 36.434027,
        "relative_strength": 1.529709,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.111083,
        "energy": 75.035007,
        "activity_lines": [
          41.457062,
          40.453296,
          39.652681,
          39.046806
        ]
      },
      {
        "date": "2026-02-27",
        "close": 42.835146,
        "volume": 337986,
        "typical_volume": 387801.75,
        "trend": 38.598721,
        "fair_value": 36.449805,
        "relative_strength": 3.160792,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.244627,
        "energy": 79.844805,
        "activity_lines": [
          42.173273,
          40.988794,
          40.04928,
          39.333713
        ]
      },
      {
        "date": "2026-03-06",
        "close": 42.432523,
        "volume": 280775,
        "typical_volume": 378306.9,
        "trend": 38.792465,
        "fair_value": 36.474996,
        "relative_strength": 4.400944,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.624095,
        "energy": 75.25731,
        "activity_lines": [
          42.452163,
          41.398023,
          40.369491,
          39.581055
        ]
      },
      {
        "date": "2026-03-13",
        "close": 41.970979,
        "volume": 228688,
        "typical_volume": 375406.35,
        "trend": 38.979654,
        "fair_value": 36.493273,
        "relative_strength": 4.997085,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.254482,
        "energy": 66.401494,
        "activity_lines": [
          42.349379,
          41.654059,
          40.609116,
          39.786121
        ]
      },
      {
        "date": "2026-03-20",
        "close": 39.732003,
        "volume": 526173,
        "typical_volume": 378442.65,
        "trend": 39.034503,
        "fair_value": 36.500719,
        "relative_strength": 1.394384,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 51.572378,
        "energy": 35.320332,
        "activity_lines": [
          41.458372,
          41.440874,
          40.602772,
          39.834659
        ]
      },
      {
        "date": "2026-03-27",
        "close": 39.8,
        "volume": 362853,
        "typical_volume": 376347.5,
        "trend": 39.081213,
        "fair_value": 36.506685,
        "relative_strength": 4.093133,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 32.383607,
        "energy": 17.795985,
        "activity_lines": [
          40.769409,
          41.222733,
          40.58914,
          39.884046
        ]
      },
      {
        "date": "2026-04-03",
        "close": 40.82,
        "volume": 253055,
        "typical_volume": 367867.35,
        "trend": 39.137642,
        "fair_value": 36.522038,
        "relative_strength": 3.586852,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 28.162959,
        "energy": 20.628772,
        "activity_lines": [
          40.591366,
          41.186311,
          40.661546,
          39.996226
        ]
      },
      {
        "date": "2026-04-10",
        "close": 42.99,
        "volume": 293490,
        "typical_volume": 362693.35,
        "trend": 39.262936,
        "fair_value": 36.555859,
        "relative_strength": 5.378324,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 47.52607,
        "energy": 23.835031,
        "activity_lines": [
          41.270999,
          41.498406,
          40.927872,
          40.244765
        ]
      },
      {
        "date": "2026-04-17",
        "close": 42.99,
        "volume": 253274,
        "typical_volume": 334567.6,
        "trend": 39.392014,
        "fair_value": 36.588903,
        "relative_strength": 1.084373,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 59.864549,
        "energy": 34.612518,
        "activity_lines": [
          41.913467,
          41.738231,
          41.17534,
          40.485221
        ]
      },
      {
        "date": "2026-04-24",
        "close": 39.984955,
        "volume": 326725,
        "typical_volume": 334105.45,
        "trend": 39.468836,
        "fair_value": 36.619929,
        "relative_strength": -6.199744,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.110644,
        "energy": 24.148297,
        "activity_lines": [
          41.486318,
          41.40173,
          41.118489,
          40.523475
        ]
      },
      {
        "date": "2026-05-01",
        "close": 39.778999,
        "volume": 287442,
        "typical_volume": 325014.0,
        "trend": 39.558394,
        "fair_value": 36.644768,
        "relative_strength": -7.257268,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 21.17332,
        "energy": 13.804065,
        "activity_lines": [
          40.973654,
          41.072104,
          41.034491,
          40.543486
        ]
      },
      {
        "date": "2026-05-08",
        "close": 39.828036,
        "volume": 298395,
        "typical_volume": 313942.95,
        "trend": 39.724452,
        "fair_value": 36.666865,
        "relative_strength": -8.959339,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 5.683334,
        "energy": 8.469171,
        "activity_lines": [
          40.478736,
          40.798391,
          40.959858,
          40.560882
        ]
      },
      {
        "date": "2026-05-15",
        "close": 39.484775,
        "volume": 338377,
        "typical_volume": 316187.4,
        "trend": 39.882603,
        "fair_value": 36.692924,
        "relative_strength": -9.663602,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -0.536963,
        "energy": 16.803177,
        "activity_lines": [
          39.935528,
          40.516941,
          40.852955,
          40.545419
        ]
      },
      {
        "date": "2026-05-22",
        "close": 41.485494,
        "volume": 264600,
        "typical_volume": 305398.4,
        "trend": 40.095555,
        "fair_value": 36.736263,
        "relative_strength": -5.725181,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 15.562026,
        "energy": 15.795584,
        "activity_lines": [
          40.292909,
          40.652853,
          40.932489,
          40.648831
        ]
      },
      {
        "date": "2026-05-29",
        "close": 40.651861,
        "volume": 317701,
        "typical_volume": 308307.2,
        "trend": 40.222563,
        "fair_value": 36.761983,
        "relative_strength": -8.657997,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 10.12207,
        "energy": 9.006516,
        "activity_lines": [
          40.472712,
          40.646023,
          40.918669,
          40.684722
        ]
      },
      {
        "date": "2026-06-05",
        "close": 40.406675,
        "volume": 330334,
        "typical_volume": 308898.35,
        "trend": 40.320512,
        "fair_value": 36.764173,
        "relative_strength": -6.6231,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 10.16276,
        "energy": 5.593885,
        "activity_lines": [
          40.526326,
          40.577889,
          40.872582,
          40.6966
        ]
      },
      {
        "date": "2026-06-12",
        "close": 39.484775,
        "volume": 776881,
        "typical_volume": 337524.7,
        "trend": 40.365239,
        "fair_value": 36.762525,
        "relative_strength": -8.93899,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -15.992623,
        "energy": 8.103159,
        "activity_lines": [
          40.230795,
          40.331107,
          40.734827,
          40.642682
        ]
      },
      {
        "date": "2026-06-19",
        "close": 37.130988,
        "volume": 3036632,
        "typical_volume": 473757.5,
        "trend": 40.301946,
        "fair_value": 36.758035,
        "relative_strength": -14.710887,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -46.352668,
        "energy": 43.950817,
        "activity_lines": [
          39.173552,
          39.680639,
          40.367205,
          40.43402
        ]
      },
      {
        "date": "2026-06-26",
        "close": 42.89,
        "volume": 1483071,
        "typical_volume": 524545.2,
        "trend": 40.425479,
        "fair_value": 36.782893,
        "relative_strength": 1.027428,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 13.708813,
        "energy": 10.238449,
        "activity_lines": [
          40.192899,
          40.183793,
          40.557033,
          40.600992
        ]
      },
      {
        "date": "2026-07-03",
        "close": 45.82,
        "volume": 838184,
        "typical_volume": 551437.55,
        "trend": 40.672705,
        "fair_value": 36.826533,
        "relative_strength": 5.697829,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 67.782292,
        "energy": 45.869572,
        "activity_lines": [
          42.095279,
          41.221492,
          41.018539,
          40.949025
        ]
      },
      {
        "date": "2026-07-10",
        "close": 43.06,
        "volume": 758837,
        "typical_volume": 579673.65,
        "trend": 40.74921,
        "fair_value": 36.847908,
        "relative_strength": -1.825873,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 51.993504,
        "energy": 50.374496,
        "activity_lines": [
          42.733117,
          41.651281,
          41.201011,
          41.103044
        ]
      },
      {
        "date": "2026-07-17",
        "close": 43.84,
        "volume": 495455,
        "typical_volume": 587547.1,
        "trend": 40.87999,
        "fair_value": 36.872444,
        "relative_strength": 1.614248,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.712641,
        "energy": 54.116532,
        "activity_lines": [
          43.454066,
          42.163234,
          41.454452,
          41.30245
        ]
      },
      {
        "date": "2026-07-24",
        "close": 43.83,
        "volume": 344464,
        "typical_volume": 590731.55,
        "trend": 41.053578,
        "fair_value": 36.904694,
        "relative_strength": 2.276486,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.751493,
        "energy": 66.52929,
        "activity_lines": [
          43.881333,
          42.600423,
          41.702157,
          41.492773
        ]
      },
      {
        "date": "2026-07-31",
        "close": 43.42,
        "volume": 438310,
        "typical_volume": 601212.65,
        "trend": 41.215792,
        "fair_value": 36.93337,
        "relative_strength": 0.263037,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.589116,
        "energy": 52.786599,
        "activity_lines": [
          43.725333,
          42.884063,
          41.904159,
          41.645446
        ]
      },
      {
        "date": "2026-08-07",
        "close": 42.72,
        "volume": 630405,
        "typical_volume": 606424.25,
        "trend": 41.347143,
        "fair_value": 36.949938,
        "relative_strength": -4.609057,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 51.97439,
        "energy": 32.410982,
        "activity_lines": [
          43.300667,
          43.005258,
          42.032595,
          41.742491
        ]
      }
    ],
    "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."
    }
  }
}