{
  "ticker": {
    "uuid": "c04e86c7-e0fb-4c9b-874f-4e969598bfb5",
    "symbol": "FDR",
    "name": "Fluidra, S.A.",
    "exchange": "VIE",
    "country": "AT",
    "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": "^ATX",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4c",
    "phase_label": "Stage 4C \u00b7 Repair watch",
    "transition": "stage_4_to_1_watch",
    "transition_label": "Stage 4 \u2192 1 repair watch",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -18.4,
    "architecture_energy": 16.328,
    "architecture_maturity": 85.958,
    "architecture_confidence": 64.685,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 52.0,
        "rotation_up": 28.99,
        "upward_expansion": 20.66,
        "deceleration": 43.81,
        "rotation_down": 29.56,
        "downward_expansion": 59.33
      },
      "activity_lines": [
        19.253999,
        19.108043,
        19.162825,
        19.648589
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 20.379999,
    "trend_reference": 20.741536,
    "distance_from_trend": -0.017431,
    "trend_direction": "Weakening",
    "fair_value": 20.989316,
    "distance_from_fair_value": -0.02903,
    "fair_value_direction": "Improving",
    "relative_strength": -25.25863,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.1874,
    "excess_performance": -0.361647,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.017431,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.067209,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.02903,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.034129,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.252586,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.021007,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.1874,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 12.820175,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 0,
      "relative_activity": 0.0,
      "balance": 12.820175,
      "dry_up": 2.413309,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.043427,
      "annualized_volatility": 0.308015,
      "from_high_reference": -0.219157,
      "from_low_reference": 0.140459
    },
    "levels": {
      "trend_reference": 20.741536,
      "fair_value_reference": 20.989316,
      "structural_low": 17.870001,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": 0.043384,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.00572,
        "regime_survival": 0.875,
        "best_return": 0.15767,
        "worst_return": -0.145429,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.108551,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.122922,
        "regime_survival": 0.5,
        "best_return": 0.203466,
        "worst_return": 0.013635,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": 0.245298,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.010477,
        "regime_survival": 0.0,
        "best_return": 0.245298,
        "worst_return": 0.245298,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.14145,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.422966,
        "regime_survival": 1.0,
        "best_return": 0.14145,
        "worst_return": 0.14145,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-09",
        "end": "2024-08-23",
        "tenure": "New",
        "return": 0.028064,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-08-30",
        "end": "2025-01-03",
        "tenure": "Established",
        "return": 0.070706,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-10",
        "end": "2025-01-24",
        "tenure": "New",
        "return": 0.067953,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-01-31",
        "end": "2025-02-28",
        "tenure": "Developing",
        "return": -0.118876,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-07",
        "end": "2025-04-04",
        "tenure": "Developing",
        "return": -0.126913,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-06-06",
        "tenure": "Developing",
        "return": 0.149656,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-13",
        "end": "2025-07-18",
        "tenure": "Developing",
        "return": 0.055583,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-25",
        "end": "2025-08-22",
        "tenure": "Developing",
        "return": 0.068003,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-29",
        "end": "2025-09-26",
        "tenure": "Developing",
        "return": -0.08802,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-03",
        "end": "2025-11-07",
        "tenure": "Developing",
        "return": -0.016198,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-11-14",
        "end": "2026-01-16",
        "tenure": "Developing",
        "return": 0.124549,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-23",
        "end": "2026-02-27",
        "tenure": "Developing",
        "return": -0.11215,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-06",
        "end": "2026-03-13",
        "tenure": "New",
        "return": -0.056956,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-20",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": 0.089257,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 19.645121,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-08-25",
        "close": 19.160515,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-01",
        "close": 19.309626,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-08",
        "close": 18.731827,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-15",
        "close": 18.806383,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-22",
        "close": 17.455082,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-29",
        "close": 17.650787,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-06",
        "close": 16.700216,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-13",
        "close": 16.700216,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-20",
        "close": 16.103779,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-27",
        "close": 16.103779,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-03",
        "close": 16.122417,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-10",
        "close": 16.495193,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-17",
        "close": 17.725342,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-24",
        "close": 17.669424,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-01",
        "close": 17.6285,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-08",
        "close": 17.410162,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-15",
        "close": 18.463886,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-22",
        "close": 17.913292,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-29",
        "close": 18.084164,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-05",
        "close": 17.84684,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-12",
        "close": 18.008221,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-19",
        "close": 18.027208,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-26",
        "close": 18.492363,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-02",
        "close": 19.213831,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-09",
        "close": 19.669497,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-16",
        "close": 20.087189,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-23",
        "close": 19.764427,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-01",
        "close": 20.561836,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-08",
        "close": 21.226349,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-15",
        "close": 21.055477,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-22",
        "close": 20.941559,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-29",
        "close": 20.808655,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-05",
        "close": 19.859356,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-12",
        "close": 19.004988,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-19",
        "close": 18.017712,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-26",
        "close": 18.815126,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-03",
        "close": 19.061945,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-10",
        "close": 19.916313,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-17",
        "close": 22.593338,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-24",
        "close": 22.270578,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-31",
        "close": 21.226349,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-07",
        "close": 21.207361,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-14",
        "close": 20.713726,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-21",
        "close": 20.732712,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-28",
        "close": 18.577801,
        "volume": 0,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-05",
        "close": 18.953791,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 19.703863,
        "fair_value": 17.376487,
        "relative_strength": -8.562167,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -20.008422,
        "energy": 29.900841,
        "activity_lines": [
          19.594207,
          20.304158,
          20.233251,
          20.088744
        ]
      },
      {
        "date": "2024-07-12",
        "close": 19.300861,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 19.731762,
        "fair_value": 17.400245,
        "relative_strength": -6.805235,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -20.856257,
        "energy": 33.274408,
        "activity_lines": [
          19.348801,
          20.081516,
          20.141383,
          20.062744
        ]
      },
      {
        "date": "2024-07-19",
        "close": 18.433189,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 19.749092,
        "fair_value": 17.412842,
        "relative_strength": -10.128871,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -45.226022,
        "energy": 49.995629,
        "activity_lines": [
          18.941272,
          19.696772,
          19.969088,
          19.978965
        ]
      },
      {
        "date": "2024-07-26",
        "close": 19.474396,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 19.795433,
        "fair_value": 17.43768,
        "relative_strength": -5.066251,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -31.92418,
        "energy": 50.687129,
        "activity_lines": [
          19.032847,
          19.528304,
          19.906091,
          19.961243
        ]
      },
      {
        "date": "2024-08-02",
        "close": 21.865311,
        "volume": 453,
        "typical_volume": 22.65,
        "trend": 19.929382,
        "fair_value": 17.49039,
        "relative_strength": 10.844989,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 18.121722,
        "energy": 9.377779,
        "activity_lines": [
          20.005281,
          19.851256,
          20.079144,
          20.094783
        ]
      },
      {
        "date": "2024-08-09",
        "close": 20.612007,
        "volume": 0,
        "typical_volume": 22.65,
        "trend": 20.016175,
        "fair_value": 17.527115,
        "relative_strength": 3.693504,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 7.032142,
        "energy": 11.040792,
        "activity_lines": [
          20.34078,
          19.953702,
          20.128977,
          20.138823
        ]
      },
      {
        "date": "2024-08-16",
        "close": 20.920513,
        "volume": 0,
        "typical_volume": 22.65,
        "trend": 20.112619,
        "fair_value": 17.566573,
        "relative_strength": 3.527321,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 45.082238,
        "energy": 36.400728,
        "activity_lines": [
          20.668567,
          20.123411,
          20.209762,
          20.197168
        ]
      },
      {
        "date": "2024-08-23",
        "close": 21.190454,
        "volume": 0,
        "typical_volume": 22.65,
        "trend": 20.202555,
        "fair_value": 17.608227,
        "relative_strength": 3.247059,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 60.371013,
        "energy": 46.583894,
        "activity_lines": [
          20.978357,
          20.347415,
          20.315722,
          20.266705
        ]
      },
      {
        "date": "2024-08-30",
        "close": 21.537523,
        "volume": 0,
        "typical_volume": 22.65,
        "trend": 20.280011,
        "fair_value": 17.652878,
        "relative_strength": 3.918006,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.349909,
        "energy": 66.90372,
        "activity_lines": [
          21.22002,
          20.625855,
          20.448399,
          20.352832
        ]
      },
      {
        "date": "2024-09-06",
        "close": 20.534882,
        "volume": 0,
        "typical_volume": 22.65,
        "trend": 20.308857,
        "fair_value": 17.68526,
        "relative_strength": 3.271408,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.12405,
        "energy": 49.833865,
        "activity_lines": [
          20.989926,
          20.707364,
          20.473525,
          20.369276
        ]
      },
      {
        "date": "2024-09-13",
        "close": 20.477036,
        "volume": 0,
        "typical_volume": 22.65,
        "trend": 20.321852,
        "fair_value": 17.71628,
        "relative_strength": 2.449416,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 51.41415,
        "energy": 30.595938,
        "activity_lines": [
          20.829247,
          20.742772,
          20.481157,
          20.380126
        ]
      },
      {
        "date": "2024-09-20",
        "close": 21.344707,
        "volume": 0,
        "typical_volume": 22.65,
        "trend": 20.374528,
        "fair_value": 17.756152,
        "relative_strength": 6.276404,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.816904,
        "energy": 31.09952,
        "activity_lines": [
          20.966788,
          20.908243,
          20.563509,
          20.446117
        ]
      },
      {
        "date": "2024-09-27",
        "close": 22.675137,
        "volume": 0,
        "typical_volume": 22.65,
        "trend": 20.444972,
        "fair_value": 17.80962,
        "relative_strength": 11.649657,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.756576,
        "energy": 44.331221,
        "activity_lines": [
          21.519527,
          21.278449,
          20.761699,
          20.594543
        ]
      },
      {
        "date": "2024-10-04",
        "close": 22.482321,
        "volume": 0,
        "typical_volume": 22.65,
        "trend": 20.486837,
        "fair_value": 17.859864,
        "relative_strength": 11.546789,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.333375,
        "energy": 64.360736,
        "activity_lines": [
          21.909015,
          21.536472,
          20.928388,
          20.725985
        ]
      },
      {
        "date": "2024-10-11",
        "close": 22.270224,
        "volume": 0,
        "typical_volume": 22.65,
        "trend": 20.527329,
        "fair_value": 17.906783,
        "relative_strength": 10.001278,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.736069,
        "energy": 69.513392,
        "activity_lines": [
          22.164818,
          21.701242,
          21.075407,
          20.841042
        ]
      },
      {
        "date": "2024-10-18",
        "close": 21.826748,
        "volume": 0,
        "typical_volume": 22.65,
        "trend": 20.556835,
        "fair_value": 17.948045,
        "relative_strength": 7.172881,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.565063,
        "energy": 68.800466,
        "activity_lines": [
          22.157105,
          21.778018,
          21.180191,
          20.924876
        ]
      },
      {
        "date": "2024-10-25",
        "close": 22.347351,
        "volume": 0,
        "typical_volume": 22.65,
        "trend": 20.608125,
        "fair_value": 17.993871,
        "relative_strength": 10.741908,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.772699,
        "energy": 58.5587,
        "activity_lines": [
          22.232947,
          21.927362,
          21.331697,
          21.040393
        ]
      },
      {
        "date": "2024-11-01",
        "close": 24.506887,
        "volume": 0,
        "typical_volume": 22.65,
        "trend": 20.763043,
        "fair_value": 18.061016,
        "relative_strength": 22.53236,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 89.621287,
        "energy": 81.305526,
        "activity_lines": [
          22.96179,
          22.443408,
          21.683445,
          21.291926
        ]
      },
      {
        "date": "2024-11-08",
        "close": 23.600653,
        "volume": 0,
        "typical_volume": 22.65,
        "trend": 20.916232,
        "fair_value": 18.117543,
        "relative_strength": 16.691216,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.436973,
        "energy": 75.751349,
        "activity_lines": [
          23.266439,
          22.734384,
          21.930822,
          21.474997
        ]
      },
      {
        "date": "2024-11-15",
        "close": 23.292147,
        "volume": 0,
        "typical_volume": 22.65,
        "trend": 21.092046,
        "fair_value": 18.169812,
        "relative_strength": 14.541378,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.073922,
        "energy": 73.382975,
        "activity_lines": [
          23.393697,
          22.931757,
          22.135161,
          21.628282
        ]
      },
      {
        "date": "2024-11-22",
        "close": 23.253584,
        "volume": 0,
        "typical_volume": 22.65,
        "trend": 21.239995,
        "fair_value": 18.220649,
        "relative_strength": 14.658949,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.460182,
        "energy": 70.778864,
        "activity_lines": [
          23.439973,
          23.071987,
          22.313378,
          21.767736
        ]
      },
      {
        "date": "2024-11-29",
        "close": 24.014719,
        "volume": 0,
        "typical_volume": 22.65,
        "trend": 21.405087,
        "fair_value": 18.278016,
        "relative_strength": 17.611297,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.889902,
        "energy": 55.004794,
        "activity_lines": [
          23.644838,
          23.300122,
          22.543608,
          21.946751
        ]
      },
      {
        "date": "2024-12-06",
        "close": 24.871693,
        "volume": 0,
        "typical_volume": 22.65,
        "trend": 21.570267,
        "fair_value": 18.34266,
        "relative_strength": 19.621359,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.5,
        "energy": 60.769993,
        "activity_lines": [
          24.024203,
          23.635525,
          22.833009,
          22.170403
        ]
      },
      {
        "date": "2024-12-13",
        "close": 24.832739,
        "volume": 0,
        "typical_volume": 22.65,
        "trend": 21.644913,
        "fair_value": 18.405671,
        "relative_strength": 16.81897,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.326843,
        "energy": 71.213202,
        "activity_lines": [
          24.366263,
          23.923908,
          23.08804,
          22.380885
        ]
      },
      {
        "date": "2024-12-20",
        "close": 22.96298,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 21.667993,
        "fair_value": 18.449491,
        "relative_strength": 9.365473,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.060884,
        "energy": 49.962468,
        "activity_lines": [
          24.00293,
          23.8296,
          23.139482,
          22.465921
        ]
      },
      {
        "date": "2024-12-27",
        "close": 23.235653,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 21.73497,
        "fair_value": 18.495073,
        "relative_strength": 9.009274,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.549578,
        "energy": 40.533504,
        "activity_lines": [
          23.752434,
          23.772273,
          23.211667,
          22.567061
        ]
      },
      {
        "date": "2025-01-03",
        "close": 23.060362,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 21.796737,
        "fair_value": 18.538142,
        "relative_strength": 7.192352,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 41.644649,
        "energy": 26.533337,
        "activity_lines": [
          23.444702,
          23.657459,
          23.254663,
          22.65257
        ]
      },
      {
        "date": "2025-01-10",
        "close": 23.216177,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 21.880152,
        "fair_value": 18.581862,
        "relative_strength": 7.52542,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.924217,
        "energy": 25.680343,
        "activity_lines": [
          23.252533,
          23.558011,
          23.30231,
          22.744147
        ]
      },
      {
        "date": "2025-01-17",
        "close": 23.858906,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 21.984358,
        "fair_value": 18.630724,
        "relative_strength": 6.413237,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.865572,
        "energy": 21.8104,
        "activity_lines": [
          23.384974,
          23.59889,
          23.401522,
          22.871808
        ]
      },
      {
        "date": "2025-01-24",
        "close": 24.793783,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 22.191558,
        "fair_value": 18.687265,
        "relative_strength": 8.336728,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 68.852235,
        "energy": 38.774006,
        "activity_lines": [
          23.893963,
          23.805051,
          23.578716,
          23.053061
        ]
      },
      {
        "date": "2025-01-31",
        "close": 24.248438,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 22.368046,
        "fair_value": 18.737822,
        "relative_strength": 5.193469,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.63816,
        "energy": 43.253278,
        "activity_lines": [
          24.099117,
          23.884756,
          23.683692,
          23.185763
        ]
      },
      {
        "date": "2025-02-07",
        "close": 22.846119,
        "volume": 0,
        "typical_volume": 0.0,
        "trend": 22.486221,
        "fair_value": 18.774833,
        "relative_strength": -1.285563,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 40.243548,
        "energy": 30.907959,
        "activity_lines": [
          23.769312,
          23.691406,
          23.637155,
          23.216607
        ]
      },
      {
        "date": "2025-02-14",
        "close": 22.476063,
        "volume": 2528,
        "typical_volume": 126.4,
        "trend": 22.620984,
        "fair_value": 18.80788,
        "relative_strength": -7.62918,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 3.42932,
        "energy": 6.796444,
        "activity_lines": [
          23.330438,
          23.45202,
          23.548225,
          23.215951
        ]
      },
      {
        "date": "2025-02-21",
        "close": 22.067053,
        "volume": 0,
        "typical_volume": 126.4,
        "trend": 22.707406,
        "fair_value": 18.836722,
        "relative_strength": -8.410731,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": -11.387929,
        "energy": 23.110108,
        "activity_lines": [
          22.804569,
          23.181826,
          23.421289,
          23.180214
        ]
      },
      {
        "date": "2025-02-28",
        "close": 21.365892,
        "volume": 0,
        "typical_volume": 126.4,
        "trend": 22.690758,
        "fair_value": 18.858908,
        "relative_strength": -13.178637,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "mixed",
        "direction": -40.705018,
        "energy": 51.110622,
        "activity_lines": [
          22.164436,
          22.834433,
          23.229554,
          23.093665
        ]
      },
      {
        "date": "2025-03-07",
        "close": 21.638565,
        "volume": 0,
        "typical_volume": 126.4,
        "trend": 22.724977,
        "fair_value": 18.883079,
        "relative_strength": -14.653368,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -32.508299,
        "energy": 62.659863,
        "activity_lines": [
          21.84372,
          22.565655,
          23.068093,
          23.025781
        ]
      },
      {
        "date": "2025-03-14",
        "close": 21.463278,
        "volume": 0,
        "typical_volume": 126.4,
        "trend": 22.743069,
        "fair_value": 18.905322,
        "relative_strength": -15.158804,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -43.527237,
        "energy": 67.761313,
        "activity_lines": [
          21.638566,
          22.294044,
          22.890835,
          22.944381
        ]
      },
      {
        "date": "2025-03-21",
        "close": 21.404846,
        "volume": 0,
        "typical_volume": 126.4,
        "trend": 22.750216,
        "fair_value": 18.926685,
        "relative_strength": -14.361013,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -42.60086,
        "energy": 68.793941,
        "activity_lines": [
          21.506125,
          22.040848,
          22.712222,
          22.858044
        ]
      },
      {
        "date": "2025-03-28",
        "close": 22.067053,
        "volume": 0,
        "typical_volume": 126.4,
        "trend": 22.767867,
        "fair_value": 18.953299,
        "relative_strength": -9.764083,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -35.289686,
        "energy": 43.47901,
        "activity_lines": [
          21.665834,
          21.940986,
          22.611448,
          22.813969
        ]
      },
      {
        "date": "2025-04-04",
        "close": 18.892357,
        "volume": 0,
        "typical_volume": 126.4,
        "trend": 22.713116,
        "fair_value": 18.952787,
        "relative_strength": -14.109833,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -90.026872,
        "energy": 71.748257,
        "activity_lines": [
          20.76731,
          21.296485,
          22.215624,
          22.563936
        ]
      },
      {
        "date": "2025-04-11",
        "close": 18.41518,
        "volume": 3536,
        "typical_volume": 303.2,
        "trend": 22.644387,
        "fair_value": 18.948307,
        "relative_strength": -15.120011,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -88.606959,
        "energy": 86.789366,
        "activity_lines": [
          19.87463,
          20.672524,
          21.795307,
          22.28665
        ]
      },
      {
        "date": "2025-04-18",
        "close": 19.184509,
        "volume": 2652,
        "typical_volume": 435.8,
        "trend": 22.572381,
        "fair_value": 18.950259,
        "relative_strength": -16.033561,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.553302,
        "energy": 85.219053,
        "activity_lines": [
          19.453286,
          20.2945,
          21.471299,
          22.063432
        ]
      },
      {
        "date": "2025-04-25",
        "close": 19.671425,
        "volume": 0,
        "typical_volume": 435.8,
        "trend": 22.472257,
        "fair_value": 18.95617,
        "relative_strength": -16.860876,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.072202,
        "energy": 84.814555,
        "activity_lines": [
          19.346165,
          20.071581,
          21.216665,
          21.876274
        ]
      },
      {
        "date": "2025-05-02",
        "close": 20.469969,
        "volume": 884,
        "typical_volume": 480.0,
        "trend": 22.405178,
        "fair_value": 18.968477,
        "relative_strength": -14.617659,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.92255,
        "energy": 69.438497,
        "activity_lines": [
          19.620786,
          20.044845,
          21.062846,
          21.747094
        ]
      },
      {
        "date": "2025-05-09",
        "close": 19.963573,
        "volume": 6822,
        "typical_volume": 821.1,
        "trend": 22.32829,
        "fair_value": 18.976502,
        "relative_strength": -20.208402,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.400841,
        "energy": 48.266835,
        "activity_lines": [
          19.833081,
          19.955075,
          20.881574,
          21.589571
        ]
      },
      {
        "date": "2025-05-16",
        "close": 20.976362,
        "volume": 2982,
        "typical_volume": 970.2,
        "trend": 22.299944,
        "fair_value": 18.992501,
        "relative_strength": -18.214619,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -42.35818,
        "energy": 29.074726,
        "activity_lines": [
          20.311558,
          20.074946,
          20.811041,
          21.50235
        ]
      },
      {
        "date": "2025-05-23",
        "close": 20.2752,
        "volume": 2210,
        "typical_volume": 1080.7,
        "trend": 22.230872,
        "fair_value": 19.002681,
        "relative_strength": -19.613707,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -37.797384,
        "energy": 22.43769,
        "activity_lines": [
          20.385569,
          20.079372,
          20.684489,
          21.371721
        ]
      },
      {
        "date": "2025-05-30",
        "close": 21.073742,
        "volume": 0,
        "typical_volume": 1080.7,
        "trend": 22.116434,
        "fair_value": 19.018989,
        "relative_strength": -16.988088,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -32.780482,
        "energy": 21.058488,
        "activity_lines": [
          20.653047,
          20.250589,
          20.647251,
          21.297068
        ]
      },
      {
        "date": "2025-06-06",
        "close": 21.171127,
        "volume": 0,
        "typical_volume": 1080.7,
        "trend": 22.03545,
        "fair_value": 19.035802,
        "relative_strength": -16.730638,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -28.353832,
        "energy": 21.060132,
        "activity_lines": [
          20.8595,
          20.445533,
          20.62949,
          21.23608
        ]
      },
      {
        "date": "2025-06-13",
        "close": 20.976362,
        "volume": 75,
        "typical_volume": 1084.45,
        "trend": 21.958257,
        "fair_value": 19.050845,
        "relative_strength": -15.420489,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -17.556842,
        "energy": 13.982763,
        "activity_lines": [
          20.954287,
          20.621354,
          20.605979,
          21.167752
        ]
      },
      {
        "date": "2025-06-20",
        "close": 20.353107,
        "volume": 0,
        "typical_volume": 1084.45,
        "trend": 21.861574,
        "fair_value": 19.060863,
        "relative_strength": -17.245926,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -22.821825,
        "energy": 14.668264,
        "activity_lines": [
          20.773803,
          20.645966,
          20.541289,
          21.064194
        ]
      },
      {
        "date": "2025-06-27",
        "close": 20.937407,
        "volume": 0,
        "typical_volume": 1084.45,
        "trend": 21.758997,
        "fair_value": 19.075188,
        "relative_strength": -16.377041,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -18.398536,
        "energy": 11.382576,
        "activity_lines": [
          20.829636,
          20.741578,
          20.550795,
          21.00457
        ]
      },
      {
        "date": "2025-07-04",
        "close": 21.727499,
        "volume": 887,
        "typical_volume": 1002.4,
        "trend": 21.654191,
        "fair_value": 19.095281,
        "relative_strength": -12.491758,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 0.427518,
        "energy": 7.717732,
        "activity_lines": [
          21.104686,
          20.948973,
          20.644638,
          21.002538
        ]
      },
      {
        "date": "2025-07-11",
        "close": 22.162048,
        "volume": 0,
        "typical_volume": 1002.4,
        "trend": 21.565168,
        "fair_value": 19.118339,
        "relative_strength": -12.63111,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 9.450641,
        "energy": 27.667254,
        "activity_lines": [
          21.481002,
          21.197994,
          20.783431,
          21.035303
        ]
      },
      {
        "date": "2025-07-18",
        "close": 22.142296,
        "volume": 1398,
        "typical_volume": 1072.3,
        "trend": 21.537812,
        "fair_value": 19.140906,
        "relative_strength": -12.728716,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 27.243785,
        "energy": 46.696,
        "activity_lines": [
          21.784673,
          21.412658,
          20.91989,
          21.072537
        ]
      },
      {
        "date": "2025-07-25",
        "close": 22.655855,
        "volume": 0,
        "typical_volume": 1072.3,
        "trend": 21.518485,
        "fair_value": 19.166943,
        "relative_strength": -12.35608,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 34.05236,
        "energy": 57.017525,
        "activity_lines": [
          22.181801,
          21.681083,
          21.101562,
          21.144669
        ]
      },
      {
        "date": "2025-08-01",
        "close": 21.747252,
        "volume": 3490,
        "typical_volume": 1246.8,
        "trend": 21.474715,
        "fair_value": 19.185916,
        "relative_strength": -13.246973,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 31.801949,
        "energy": 49.482221,
        "activity_lines": [
          22.122544,
          21.753772,
          21.191857,
          21.159428
        ]
      },
      {
        "date": "2025-08-08",
        "close": 22.971891,
        "volume": 932,
        "typical_volume": 1293.4,
        "trend": 21.466572,
        "fair_value": 19.21355,
        "relative_strength": -13.207682,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 45.641553,
        "energy": 53.760642,
        "activity_lines": [
          22.417511,
          22.022358,
          21.397431,
          21.25602
        ]
      },
      {
        "date": "2025-08-15",
        "close": 24.216286,
        "volume": 0,
        "typical_volume": 1293.4,
        "trend": 21.478485,
        "fair_value": 19.249802,
        "relative_strength": -10.636316,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 57.884552,
        "energy": 68.907204,
        "activity_lines": [
          23.044317,
          22.482685,
          21.714057,
          21.433421
        ]
      },
      {
        "date": "2025-08-22",
        "close": 24.196531,
        "volume": 0,
        "typical_volume": 1293.4,
        "trend": 21.458576,
        "fair_value": 19.28539,
        "relative_strength": -9.378529,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 79.609327,
        "energy": 82.628194,
        "activity_lines": [
          23.527589,
          22.884054,
          22.018568,
          21.608779
        ]
      },
      {
        "date": "2025-08-29",
        "close": 24.236038,
        "volume": 0,
        "typical_volume": 1116.6,
        "trend": 21.458163,
        "fair_value": 19.320752,
        "relative_strength": -5.678052,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.422328,
        "energy": 87.71736,
        "activity_lines": [
          23.88708,
          23.234058,
          22.301583,
          21.78797
        ]
      },
      {
        "date": "2025-09-05",
        "close": 24.216286,
        "volume": 0,
        "typical_volume": 984.0,
        "trend": 21.503835,
        "fair_value": 19.355472,
        "relative_strength": -5.258905,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.083971,
        "energy": 85.699158,
        "activity_lines": [
          24.134643,
          23.509872,
          22.554998,
          21.965913
        ]
      },
      {
        "date": "2025-09-12",
        "close": 24.868111,
        "volume": 0,
        "typical_volume": 984.0,
        "trend": 21.58357,
        "fair_value": 19.394293,
        "relative_strength": -3.652231,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.53232,
        "energy": 88.62599,
        "activity_lines": [
          24.434877,
          23.844583,
          22.846531,
          22.182963
        ]
      },
      {
        "date": "2025-09-19",
        "close": 23.406443,
        "volume": 0,
        "typical_volume": 939.8,
        "trend": 21.628216,
        "fair_value": 19.42235,
        "relative_strength": -8.669847,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.628572,
        "energy": 56.710444,
        "activity_lines": [
          24.121475,
          23.856435,
          22.974112,
          22.300568
        ]
      },
      {
        "date": "2025-09-26",
        "close": 22.102791,
        "volume": 0,
        "typical_volume": 598.7,
        "trend": 21.65278,
        "fair_value": 19.440965,
        "relative_strength": -13.790381,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 40.506939,
        "energy": 32.334228,
        "activity_lines": [
          23.427511,
          23.608634,
          22.963552,
          22.331186
        ]
      },
      {
        "date": "2025-10-03",
        "close": 23.169413,
        "volume": 0,
        "typical_volume": 449.6,
        "trend": 21.703808,
        "fair_value": 19.466678,
        "relative_strength": -11.156917,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.25102,
        "energy": 23.728808,
        "activity_lines": [
          23.228671,
          23.555482,
          23.044388,
          22.429033
        ]
      },
      {
        "date": "2025-10-10",
        "close": 22.932386,
        "volume": 882,
        "typical_volume": 383.2,
        "trend": 21.752778,
        "fair_value": 19.490416,
        "relative_strength": -9.974702,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.086955,
        "energy": 27.339946,
        "activity_lines": [
          23.02193,
          23.449897,
          23.092207,
          22.508296
        ]
      },
      {
        "date": "2025-10-17",
        "close": 22.991644,
        "volume": 0,
        "typical_volume": 383.2,
        "trend": 21.805671,
        "fair_value": 19.514234,
        "relative_strength": -7.676807,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 27.202343,
        "energy": 24.651435,
        "activity_lines": [
          22.920535,
          23.333538,
          23.133017,
          22.588223
        ]
      },
      {
        "date": "2025-10-24",
        "close": 23.663219,
        "volume": 0,
        "typical_volume": 383.2,
        "trend": 21.858877,
        "fair_value": 19.542267,
        "relative_strength": -6.383811,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.92385,
        "energy": 20.330461,
        "activity_lines": [
          23.168096,
          23.338924,
          23.228653,
          22.708065
        ]
      },
      {
        "date": "2025-10-31",
        "close": 25.006374,
        "volume": 0,
        "typical_volume": 379.45,
        "trend": 22.062678,
        "fair_value": 19.578939,
        "relative_strength": -3.391621,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 70.60212,
        "energy": 42.048776,
        "activity_lines": [
          23.846258,
          23.598577,
          23.440342,
          22.911129
        ]
      },
      {
        "date": "2025-11-07",
        "close": 22.794121,
        "volume": 0,
        "typical_volume": 379.45,
        "trend": 22.208642,
        "fair_value": 19.600374,
        "relative_strength": -10.344927,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 42.828855,
        "energy": 28.184908,
        "activity_lines": [
          23.593429,
          23.441277,
          23.422149,
          22.958319
        ]
      },
      {
        "date": "2025-11-14",
        "close": 22.320066,
        "volume": 0,
        "typical_volume": 379.45,
        "trend": 22.313161,
        "fair_value": 19.618385,
        "relative_strength": -13.396315,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 8.624131,
        "energy": 10.907266,
        "activity_lines": [
          23.207601,
          23.224002,
          23.347184,
          22.965508
        ]
      },
      {
        "date": "2025-11-21",
        "close": 22.655855,
        "volume": 882,
        "typical_volume": 379.2,
        "trend": 22.412642,
        "fair_value": 19.638368,
        "relative_strength": -10.313184,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 8.27716,
        "energy": 5.872067,
        "activity_lines": [
          22.974525,
          23.102256,
          23.297616,
          22.987617
        ]
      },
      {
        "date": "2025-11-28",
        "close": 23.92,
        "volume": 0,
        "typical_volume": 379.2,
        "trend": 22.527643,
        "fair_value": 19.666353,
        "relative_strength": -8.810051,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 25.755132,
        "energy": 16.544563,
        "activity_lines": [
          23.185216,
          23.250577,
          23.364021,
          23.084866
        ]
      },
      {
        "date": "2025-12-05",
        "close": 24.059999,
        "volume": 0,
        "typical_volume": 309.3,
        "trend": 22.66419,
        "fair_value": 19.694883,
        "relative_strength": -8.838266,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 40.27554,
        "energy": 16.149733,
        "activity_lines": [
          23.425454,
          23.415016,
          23.435388,
          23.183728
        ]
      },
      {
        "date": "2025-12-12",
        "close": 23.68,
        "volume": 0,
        "typical_volume": 309.3,
        "trend": 22.754312,
        "fair_value": 19.720593,
        "relative_strength": -9.930437,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 43.054699,
        "energy": 23.692387,
        "activity_lines": [
          23.602118,
          23.474778,
          23.461433,
          23.249264
        ]
      },
      {
        "date": "2025-12-19",
        "close": 23.459999,
        "volume": 0,
        "typical_volume": 134.8,
        "trend": 22.860472,
        "fair_value": 19.744564,
        "relative_strength": -12.380551,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 44.549288,
        "energy": 28.0935,
        "activity_lines": [
          23.64639,
          23.485257,
          23.461649,
          23.294792
        ]
      },
      {
        "date": "2025-12-26",
        "close": 23.18,
        "volume": 0,
        "typical_volume": 88.2,
        "trend": 22.93068,
        "fair_value": 19.808531,
        "relative_strength": -12.986603,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 38.739371,
        "energy": 20.622016,
        "activity_lines": [
          23.521333,
          23.435234,
          23.427042,
          23.315407
        ]
      },
      {
        "date": "2026-01-02",
        "close": 23.34,
        "volume": 0,
        "typical_volume": 88.2,
        "trend": 23.002976,
        "fair_value": 19.873523,
        "relative_strength": -13.456464,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 38.3494,
        "energy": 14.856745,
        "activity_lines": [
          23.414666,
          23.410877,
          23.406682,
          23.341814
        ]
      },
      {
        "date": "2026-01-09",
        "close": 25.0,
        "volume": 0,
        "typical_volume": 88.2,
        "trend": 23.137097,
        "fair_value": 19.949156,
        "relative_strength": -7.574057,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 64.138464,
        "energy": 35.532085,
        "activity_lines": [
          23.9,
          23.694215,
          23.54859,
          23.470655
        ]
      },
      {
        "date": "2026-01-16",
        "close": 25.1,
        "volume": 0,
        "typical_volume": 88.2,
        "trend": 23.295327,
        "fair_value": 20.011619,
        "relative_strength": -7.73183,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 64.766776,
        "energy": 52.977561,
        "activity_lines": [
          24.356,
          23.99585,
          23.696196,
          23.597293
        ]
      },
      {
        "date": "2026-01-23",
        "close": 25.68,
        "volume": 0,
        "typical_volume": 88.2,
        "trend": 23.453413,
        "fair_value": 20.0778,
        "relative_strength": -5.781043,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.821592,
        "energy": 68.709215,
        "activity_lines": [
          24.910667,
          24.361015,
          23.894926,
          23.751143
        ]
      },
      {
        "date": "2026-01-30",
        "close": 24.719999,
        "volume": 0,
        "typical_volume": 88.2,
        "trend": 23.553163,
        "fair_value": 20.141222,
        "relative_strength": -10.037342,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.601195,
        "energy": 69.237956,
        "activity_lines": [
          24.997333,
          24.490545,
          23.995257,
          23.832859
        ]
      },
      {
        "date": "2026-02-06",
        "close": 25.08,
        "volume": 0,
        "typical_volume": 88.2,
        "trend": 23.650429,
        "fair_value": 20.19987,
        "relative_strength": -9.183051,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.150844,
        "energy": 69.311229,
        "activity_lines": [
          25.101333,
          24.648,
          24.13058,
          23.931364
        ]
      },
      {
        "date": "2026-02-13",
        "close": 25.6,
        "volume": 0,
        "typical_volume": 88.2,
        "trend": 23.765685,
        "fair_value": 20.269108,
        "relative_strength": -6.240364,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.124164,
        "energy": 71.030806,
        "activity_lines": [
          25.262666,
          24.878909,
          24.307456,
          24.057143
        ]
      },
      {
        "date": "2026-02-20",
        "close": 23.940001,
        "volume": 0,
        "typical_volume": 88.2,
        "trend": 23.80849,
        "fair_value": 20.325716,
        "relative_strength": -14.662323,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 48.532293,
        "energy": 31.40343,
        "activity_lines": [
          24.830667,
          24.78,
          24.309585,
          24.068389
        ]
      },
      {
        "date": "2026-02-27",
        "close": 22.799999,
        "volume": 2466,
        "typical_volume": 167.4,
        "trend": 23.843582,
        "fair_value": 20.375132,
        "relative_strength": -16.837369,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 6.244819,
        "energy": 10.071674,
        "activity_lines": [
          24.096,
          24.469091,
          24.199472,
          24.003325
        ]
      },
      {
        "date": "2026-03-06",
        "close": 21.42,
        "volume": 1704,
        "typical_volume": 252.6,
        "trend": 23.791852,
        "fair_value": 20.418278,
        "relative_strength": -17.204211,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "mixed",
        "direction": -42.516735,
        "energy": 39.059502,
        "activity_lines": [
          23.093333,
          23.919273,
          23.958561,
          23.846965
        ]
      },
      {
        "date": "2026-03-13",
        "close": 20.200001,
        "volume": 460,
        "typical_volume": 275.6,
        "trend": 23.657976,
        "fair_value": 20.45173,
        "relative_strength": -19.460452,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -88.615137,
        "energy": 79.091254,
        "activity_lines": [
          21.904,
          23.179636,
          23.608944,
          23.615233
        ]
      },
      {
        "date": "2026-03-20",
        "close": 18.709999,
        "volume": 0,
        "typical_volume": 275.6,
        "trend": 23.475091,
        "fair_value": 20.480781,
        "relative_strength": -23.984533,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -92.129015,
        "energy": 96.671536,
        "activity_lines": [
          20.543333,
          22.226182,
          23.133913,
          23.296008
        ]
      },
      {
        "date": "2026-03-27",
        "close": 20.02,
        "volume": 0,
        "typical_volume": 275.6,
        "trend": 23.334557,
        "fair_value": 20.518229,
        "relative_strength": -19.347974,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.433139,
        "energy": 89.02315,
        "activity_lines": [
          20.078667,
          21.625273,
          22.813627,
          23.073099
        ]
      },
      {
        "date": "2026-04-03",
        "close": 20.139999,
        "volume": 852,
        "typical_volume": 318.2,
        "trend": 23.198681,
        "fair_value": 20.556447,
        "relative_strength": -21.210726,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.803453,
        "energy": 87.561685,
        "activity_lines": [
          19.915333,
          21.138545,
          22.51798,
          22.866999
        ]
      },
      {
        "date": "2026-04-10",
        "close": 21.02,
        "volume": 0,
        "typical_volume": 274.1,
        "trend": 23.07041,
        "fair_value": 20.603232,
        "relative_strength": -22.380841,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.547572,
        "energy": 76.442345,
        "activity_lines": [
          20.222666,
          20.912545,
          22.316524,
          22.726439
        ]
      },
      {
        "date": "2026-04-17",
        "close": 21.66,
        "volume": 0,
        "typical_volume": 274.1,
        "trend": 23.012196,
        "fair_value": 20.655933,
        "relative_strength": -21.54185,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.664443,
        "energy": 47.724888,
        "activity_lines": [
          20.77,
          20.870182,
          22.183809,
          22.635444
        ]
      },
      {
        "date": "2026-04-24",
        "close": 20.860001,
        "volume": 0,
        "typical_volume": 274.1,
        "trend": 22.970769,
        "fair_value": 20.703155,
        "relative_strength": -21.364955,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -46.14643,
        "energy": 36.782807,
        "activity_lines": [
          20.953334,
          20.744545,
          21.985667,
          22.496593
        ]
      },
      {
        "date": "2026-05-01",
        "close": 19.91,
        "volume": 0,
        "typical_volume": 274.1,
        "trend": 22.862122,
        "fair_value": 20.744288,
        "relative_strength": -24.996048,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.000916,
        "energy": 39.470345,
        "activity_lines": [
          20.676667,
          20.532364,
          21.712286,
          22.299124
        ]
      },
      {
        "date": "2026-05-08",
        "close": 19.469999,
        "volume": 10768,
        "typical_volume": 812.5,
        "trend": 22.746709,
        "fair_value": 20.7826,
        "relative_strength": -27.359305,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.752193,
        "energy": 48.937816,
        "activity_lines": [
          20.260667,
          20.313454,
          21.414952,
          22.080278
        ]
      },
      {
        "date": "2026-05-15",
        "close": 18.51,
        "volume": 0,
        "typical_volume": 812.5,
        "trend": 22.597321,
        "fair_value": 20.803112,
        "relative_strength": -30.199587,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -79.335044,
        "energy": 72.815655,
        "activity_lines": [
          19.569333,
          19.980545,
          21.04519,
          21.806942
        ]
      },
      {
        "date": "2026-05-22",
        "close": 18.940001,
        "volume": 0,
        "typical_volume": 812.5,
        "trend": 22.43988,
        "fair_value": 20.827609,
        "relative_strength": -29.607577,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.420749,
        "energy": 78.636441,
        "activity_lines": [
          19.188667,
          19.778727,
          20.738619,
          21.570985
        ]
      },
      {
        "date": "2026-05-29",
        "close": 18.889999,
        "volume": 912,
        "typical_volume": 858.1,
        "trend": 22.236001,
        "fair_value": 20.852372,
        "relative_strength": -31.193381,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.020987,
        "energy": 81.442485,
        "activity_lines": [
          18.972666,
          19.590727,
          20.448238,
          21.341961
        ]
      },
      {
        "date": "2026-06-05",
        "close": 18.3064,
        "volume": 0,
        "typical_volume": 858.1,
        "trend": 22.086411,
        "fair_value": 20.867541,
        "relative_strength": -32.098289,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.320099,
        "energy": 86.650231,
        "activity_lines": [
          18.693467,
          19.293345,
          20.131371,
          21.088438
        ]
      },
      {
        "date": "2026-06-12",
        "close": 18.473537,
        "volume": 0,
        "typical_volume": 858.1,
        "trend": 21.958193,
        "fair_value": 20.880972,
        "relative_strength": -32.845745,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.938962,
        "energy": 81.033142,
        "activity_lines": [
          18.576886,
          19.057508,
          19.862773,
          20.85535
        ]
      },
      {
        "date": "2026-06-19",
        "close": 18.965117,
        "volume": 0,
        "typical_volume": 858.1,
        "trend": 21.835168,
        "fair_value": 20.904928,
        "relative_strength": -33.376757,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.356646,
        "energy": 66.104241,
        "activity_lines": [
          18.690595,
          18.941349,
          19.675308,
          20.662248
        ]
      },
      {
        "date": "2026-06-26",
        "close": 19.171579,
        "volume": 0,
        "typical_volume": 858.1,
        "trend": 21.676888,
        "fair_value": 20.927282,
        "relative_strength": -30.842648,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.921898,
        "energy": 56.303073,
        "activity_lines": [
          18.842785,
          18.90009,
          19.534911,
          20.490403
        ]
      },
      {
        "date": "2026-07-03",
        "close": 19.879452,
        "volume": 0,
        "typical_volume": 858.1,
        "trend": 21.537536,
        "fair_value": 20.952262,
        "relative_strength": -29.42922,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.00142,
        "energy": 39.046292,
        "activity_lines": [
          19.215493,
          19.032779,
          19.490065,
          20.37444
        ]
      },
      {
        "date": "2026-07-10",
        "close": 18.73,
        "volume": 0,
        "typical_volume": 858.1,
        "trend": 21.372536,
        "fair_value": 20.965153,
        "relative_strength": -32.05297,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.416883,
        "energy": 36.012788,
        "activity_lines": [
          19.139088,
          18.974304,
          19.362988,
          20.193308
        ]
      },
      {
        "date": "2026-07-17",
        "close": 18.139999,
        "volume": 0,
        "typical_volume": 734.8,
        "trend": 21.195203,
        "fair_value": 20.976115,
        "relative_strength": -32.313944,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.347263,
        "energy": 42.742806,
        "activity_lines": [
          18.837775,
          18.830012,
          19.204531,
          19.984758
        ]
      },
      {
        "date": "2026-07-24",
        "close": 18.219999,
        "volume": 0,
        "typical_volume": 649.6,
        "trend": 21.029869,
        "fair_value": 20.984603,
        "relative_strength": -32.315159,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.973517,
        "energy": 49.360174,
        "activity_lines": [
          18.585365,
          18.724446,
          19.075883,
          19.792809
        ]
      },
      {
        "date": "2026-07-31",
        "close": 19.309999,
        "volume": 11692,
        "typical_volume": 1211.2,
        "trend": 20.895536,
        "fair_value": 20.987353,
        "relative_strength": -27.658325,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.476802,
        "energy": 43.036388,
        "activity_lines": [
          18.745963,
          18.822336,
          19.066282,
          19.68185
        ]
      },
      {
        "date": "2026-08-07",
        "close": 20.379999,
        "volume": 0,
        "typical_volume": 1211.2,
        "trend": 20.741536,
        "fair_value": 20.989316,
        "relative_strength": -25.25863,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -18.399904,
        "energy": 16.328396,
        "activity_lines": [
          19.253999,
          19.108043,
          19.162825,
          19.648589
        ]
      }
    ],
    "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."
    }
  }
}