{
  "ticker": {
    "uuid": "c3d5d2c6-c8c4-4b64-8140-874623de8876",
    "symbol": "JD",
    "name": "JD.com Inc Adr",
    "exchange": "NASDAQ",
    "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": "QQQ",
    "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": 91.755,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "up",
    "architecture_direction": 74.192,
    "architecture_energy": 74.062,
    "architecture_maturity": 18.229,
    "architecture_confidence": 63.499,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The prior uptrend is attempting to re-accelerate.",
        "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set."
      },
      "scores": {
        "balance": 17.66,
        "rotation_up": 77.17,
        "upward_expansion": 87.9,
        "deceleration": 45.81,
        "rotation_down": 10.83,
        "downward_expansion": 16.9
      },
      "activity_lines": [
        31.66,
        29.967636,
        29.596628,
        29.170602
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 32.97,
    "trend_reference": 28.598432,
    "distance_from_trend": 0.15286,
    "trend_direction": "Improving",
    "fair_value": 29.543578,
    "distance_from_fair_value": 0.115979,
    "fair_value_direction": "Improving",
    "relative_strength": -2.020867,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.216009,
    "excess_performance": 0.028555,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.15286,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.005523,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.115979,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.107364,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.020209,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.144375,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.216009,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.406625,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 25996897,
      "relative_activity": 0.591738,
      "balance": 1.406625,
      "dry_up": 0.826885,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.06487,
      "annualized_volatility": 0.327106,
      "from_high_reference": -0.073973,
      "from_low_reference": 0.392744
    },
    "levels": {
      "trend_reference": 28.598432,
      "fair_value_reference": 29.543578,
      "structural_low": 23.67269,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 19,
        "median_return": -0.033698,
        "positive_rate": 0.315789,
        "directional_follow_through": 0.315789,
        "median_excess_return": -0.066638,
        "regime_survival": 0.526316,
        "best_return": 0.40035,
        "worst_return": -0.235507,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": -0.02914,
        "positive_rate": 0.222222,
        "directional_follow_through": 0.222222,
        "median_excess_return": -0.111043,
        "regime_survival": 0.111111,
        "best_return": 0.292583,
        "worst_return": -0.310821,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.082893,
        "positive_rate": 0.166667,
        "directional_follow_through": 0.166667,
        "median_excess_return": -0.17811,
        "regime_survival": 0.166667,
        "best_return": 0.499122,
        "worst_return": -0.442824,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.145366,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.289383,
        "regime_survival": 0.25,
        "best_return": 0.562243,
        "worst_return": -0.455454,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-23",
        "end": "2024-09-20",
        "tenure": "Developing",
        "return": 0.064107,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-27",
        "end": "2024-11-08",
        "tenure": "Developing",
        "return": -0.038847,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-15",
        "end": "2025-01-31",
        "tenure": "Developing",
        "return": 0.163429,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-07",
        "end": "2025-04-11",
        "tenure": "Developing",
        "return": -0.065896,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-18",
        "end": "2025-04-25",
        "tenure": "New",
        "return": -0.063076,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-05-02",
        "end": "2025-05-16",
        "tenure": "New",
        "return": -0.02669,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-23",
        "end": "2025-09-12",
        "tenure": "Established",
        "return": 0.009595,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-09-19",
        "end": "2025-11-21",
        "tenure": "Developing",
        "return": -0.175783,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-28",
        "end": "2026-04-17",
        "tenure": "Established",
        "return": 0.096716,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-04-24",
        "end": "2026-05-22",
        "tenure": "Developing",
        "return": 0.008259,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-29",
        "end": "2026-06-12",
        "tenure": "New",
        "return": -0.009365,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-06-19",
        "end": "2026-06-26",
        "tenure": "New",
        "return": -0.079071,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-07-03",
        "end": "2026-07-17",
        "tenure": "New",
        "return": 0.112697,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.092083,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 30.163768,
        "volume": 63351668,
        "typical_volume": 53242199.0,
        "trend": 36.576298,
        "fair_value": 57.551946,
        "relative_strength": -38.848102,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -48.165315,
        "energy": 20.835974,
        "activity_lines": [
          33.208993,
          33.522272,
          33.248774,
          34.035994
        ]
      },
      {
        "date": "2023-08-25",
        "close": 30.027115,
        "volume": 43085664,
        "typical_volume": 53566705.65,
        "trend": 35.67078,
        "fair_value": 57.295237,
        "relative_strength": -39.227241,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -61.573403,
        "energy": 40.713447,
        "activity_lines": [
          31.905632,
          32.869488,
          32.944581,
          33.613466
        ]
      },
      {
        "date": "2023-09-01",
        "close": 31.065674,
        "volume": 51950951,
        "typical_volume": 52968521.25,
        "trend": 34.982626,
        "fair_value": 57.044961,
        "relative_strength": -38.466227,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -54.512332,
        "energy": 50.657584,
        "activity_lines": [
          31.198075,
          32.519657,
          32.773137,
          33.316363
        ]
      },
      {
        "date": "2023-09-08",
        "close": 29.516946,
        "volume": 32803434,
        "typical_volume": 52066405.05,
        "trend": 34.402564,
        "fair_value": 56.817452,
        "relative_strength": -39.895773,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.410127,
        "energy": 65.229627,
        "activity_lines": [
          30.364799,
          31.900994,
          32.466124,
          32.963738
        ]
      },
      {
        "date": "2023-09-15",
        "close": 28.760802,
        "volume": 35861245,
        "typical_volume": 51175447.4,
        "trend": 33.775463,
        "fair_value": 56.583298,
        "relative_strength": -40.325457,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.777527,
        "energy": 71.216015,
        "activity_lines": [
          29.685788,
          31.173506,
          32.10111,
          32.599754
        ]
      },
      {
        "date": "2023-09-22",
        "close": 27.704022,
        "volume": 43576690,
        "typical_volume": 51276839.4,
        "trend": 33.358992,
        "fair_value": 56.341415,
        "relative_strength": -39.6942,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.918078,
        "energy": 75.183744,
        "activity_lines": [
          28.951508,
          30.323278,
          31.653454,
          32.208048
        ]
      },
      {
        "date": "2023-09-29",
        "close": 26.537921,
        "volume": 48565371,
        "typical_volume": 50004205.55,
        "trend": 32.824091,
        "fair_value": 56.084024,
        "relative_strength": -41.44886,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -79.092037,
        "energy": 79.728248,
        "activity_lines": [
          27.992511,
          29.389072,
          31.11847,
          31.767979
        ]
      },
      {
        "date": "2023-10-06",
        "close": 26.975209,
        "volume": 34530223,
        "typical_volume": 48457565.25,
        "trend": 32.512833,
        "fair_value": 55.808707,
        "relative_strength": -40.689611,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.907082,
        "energy": 77.830156,
        "activity_lines": [
          27.41189,
          28.66589,
          30.651899,
          31.390632
        ]
      },
      {
        "date": "2023-10-13",
        "close": 24.643005,
        "volume": 81777843,
        "typical_volume": 49738001.35,
        "trend": 32.172886,
        "fair_value": 55.50872,
        "relative_strength": -45.234614,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -82.474293,
        "energy": 85.105843,
        "activity_lines": [
          26.326565,
          27.69955,
          29.986857,
          30.882901
        ]
      },
      {
        "date": "2023-10-20",
        "close": 22.210591,
        "volume": 76226534,
        "typical_volume": 50474266.8,
        "trend": 31.708191,
        "fair_value": 55.194153,
        "relative_strength": -48.546236,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -88.317787,
        "energy": 91.334982,
        "activity_lines": [
          24.755364,
          26.490382,
          29.116402,
          30.240172
        ]
      },
      {
        "date": "2023-10-27",
        "close": 23.367582,
        "volume": 75482696,
        "typical_volume": 51614431.65,
        "trend": 31.174389,
        "fair_value": 54.885991,
        "relative_strength": -43.931655,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.95409,
        "energy": 88.163042,
        "activity_lines": [
          24.006509,
          25.691669,
          28.404074,
          29.702068
        ]
      },
      {
        "date": "2023-11-03",
        "close": 24.542794,
        "volume": 52572026,
        "typical_volume": 51451170.7,
        "trend": 30.754714,
        "fair_value": 54.523737,
        "relative_strength": -43.942352,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.320774,
        "energy": 84.657353,
        "activity_lines": [
          23.938486,
          25.230197,
          27.851086,
          29.274223
        ]
      },
      {
        "date": "2023-11-10",
        "close": 23.467794,
        "volume": 40400410,
        "typical_volume": 51246148.75,
        "trend": 30.417941,
        "fair_value": 54.156894,
        "relative_strength": -47.129427,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.110057,
        "energy": 82.923424,
        "activity_lines": [
          23.645139,
          24.672986,
          27.251724,
          28.804099
        ]
      },
      {
        "date": "2023-11-17",
        "close": 25.153175,
        "volume": 96105517,
        "typical_volume": 53639206.8,
        "trend": 30.174396,
        "fair_value": 53.825237,
        "relative_strength": -43.409969,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.566987,
        "energy": 58.176971,
        "activity_lines": [
          24.147413,
          24.560352,
          26.852395,
          28.464437
        ]
      },
      {
        "date": "2023-11-24",
        "close": 26.200844,
        "volume": 41528421,
        "typical_volume": 54026309.8,
        "trend": 29.96304,
        "fair_value": 53.490913,
        "relative_strength": -40.701252,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.108746,
        "energy": 42.724255,
        "activity_lines": [
          24.964898,
          24.717543,
          26.581129,
          28.208079
        ]
      },
      {
        "date": "2023-12-01",
        "close": 24.743217,
        "volume": 57699896,
        "typical_volume": 54242225.75,
        "trend": 29.698238,
        "fair_value": 53.170952,
        "relative_strength": -42.92379,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.905754,
        "energy": 37.806401,
        "activity_lines": [
          25.030491,
          24.656257,
          26.201408,
          27.871316
        ]
      },
      {
        "date": "2023-12-08",
        "close": 24.096395,
        "volume": 51491192,
        "typical_volume": 53990670.75,
        "trend": 29.429488,
        "fair_value": 52.861339,
        "relative_strength": -43.506875,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.565175,
        "energy": 36.25225,
        "activity_lines": [
          24.788768,
          24.531199,
          25.807719,
          27.509907
        ]
      },
      {
        "date": "2023-12-15",
        "close": 24.970972,
        "volume": 107856509,
        "typical_volume": 56392206.65,
        "trend": 29.197179,
        "fair_value": 52.563399,
        "relative_strength": -42.080481,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -42.859169,
        "energy": 31.203871,
        "activity_lines": [
          24.86833,
          24.609546,
          25.543394,
          27.222261
        ]
      },
      {
        "date": "2023-12-22",
        "close": 25.134955,
        "volume": 74858369,
        "typical_volume": 57859221.85,
        "trend": 29.029855,
        "fair_value": 52.249882,
        "relative_strength": -40.871617,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.41298,
        "energy": 31.559607,
        "activity_lines": [
          24.902342,
          24.75415,
          25.351603,
          26.960182
        ]
      },
      {
        "date": "2023-12-29",
        "close": 26.319276,
        "volume": 40155331,
        "typical_volume": 57493999.5,
        "trend": 28.831254,
        "fair_value": 51.9248,
        "relative_strength": -36.818248,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.764121,
        "energy": 23.850924,
        "activity_lines": [
          25.332342,
          25.105139,
          25.322494,
          26.785306
        ]
      },
      {
        "date": "2024-01-05",
        "close": 24.305929,
        "volume": 49803617,
        "typical_volume": 56816596.95,
        "trend": 28.530618,
        "fair_value": 51.566364,
        "relative_strength": -37.957013,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.469665,
        "energy": 24.453606,
        "activity_lines": [
          25.08333,
          25.015363,
          25.134477,
          26.493349
        ]
      },
      {
        "date": "2024-01-12",
        "close": 22.502116,
        "volume": 58306113,
        "typical_volume": 57577619.4,
        "trend": 28.070555,
        "fair_value": 51.217544,
        "relative_strength": -42.688499,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.974457,
        "energy": 41.038754,
        "activity_lines": [
          24.2622,
          24.580559,
          24.802564,
          26.104414
        ]
      },
      {
        "date": "2024-01-19",
        "close": 20.306565,
        "volume": 91717812,
        "typical_volume": 59565962.45,
        "trend": 27.688535,
        "fair_value": 50.814539,
        "relative_strength": -48.201426,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -81.624629,
        "energy": 70.305031,
        "activity_lines": [
          22.815506,
          23.783668,
          24.297383,
          25.603511
        ]
      },
      {
        "date": "2024-01-26",
        "close": 21.736862,
        "volume": 94845189,
        "typical_volume": 62668050.2,
        "trend": 27.376663,
        "fair_value": 50.455645,
        "relative_strength": -43.218387,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.216009,
        "energy": 74.436614,
        "activity_lines": [
          22.156537,
          23.304308,
          23.979655,
          25.219532
        ]
      },
      {
        "date": "2024-02-02",
        "close": 19.841947,
        "volume": 73791996,
        "typical_volume": 64564587.75,
        "trend": 26.95213,
        "fair_value": 50.039944,
        "relative_strength": -47.410433,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -78.872658,
        "energy": 84.283954,
        "activity_lines": [
          21.092469,
          22.542532,
          23.518507,
          24.733421
        ]
      },
      {
        "date": "2024-02-09",
        "close": 20.388557,
        "volume": 73681125,
        "typical_volume": 66069809.5,
        "trend": 26.473542,
        "fair_value": 49.612747,
        "relative_strength": -45.636487,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.819612,
        "energy": 79.971719,
        "activity_lines": [
          20.642427,
          21.995756,
          23.151888,
          24.309965
        ]
      },
      {
        "date": "2024-02-16",
        "close": 22.064828,
        "volume": 50068360,
        "typical_volume": 66144958.95,
        "trend": 26.083323,
        "fair_value": 49.158207,
        "relative_strength": -38.802897,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.630804,
        "energy": 57.087048,
        "activity_lines": [
          21.0123,
          21.832933,
          22.979749,
          24.025532
        ]
      },
      {
        "date": "2024-02-23",
        "close": 21.773302,
        "volume": 42302526,
        "typical_volume": 66533574.1,
        "trend": 25.578316,
        "fair_value": 48.770447,
        "relative_strength": -39.230241,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.230448,
        "energy": 47.280937,
        "activity_lines": [
          21.31415,
          21.654042,
          22.801146,
          23.747466
        ]
      },
      {
        "date": "2024-03-01",
        "close": 20.953387,
        "volume": 59041473,
        "typical_volume": 65396755.6,
        "trend": 25.089707,
        "fair_value": 48.395689,
        "relative_strength": -41.356847,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.274251,
        "energy": 42.223765,
        "activity_lines": [
          21.244913,
          21.384215,
          22.569227,
          23.449084
        ]
      },
      {
        "date": "2024-03-08",
        "close": 22.547667,
        "volume": 145134268,
        "typical_volume": 68842142.3,
        "trend": 24.734107,
        "fair_value": 48.068227,
        "relative_strength": -34.768691,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.461151,
        "energy": 25.14917,
        "activity_lines": [
          21.759333,
          21.480286,
          22.506714,
          23.285081
        ]
      },
      {
        "date": "2024-03-15",
        "close": 25.007412,
        "volume": 105108491,
        "typical_volume": 70323432.05,
        "trend": 24.562229,
        "fair_value": 47.751083,
        "relative_strength": -25.764066,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -14.091805,
        "energy": 13.366506,
        "activity_lines": [
          22.913288,
          22.092158,
          22.676858,
          23.302714
        ]
      },
      {
        "date": "2024-03-22",
        "close": 24.141946,
        "volume": 73664938,
        "typical_volume": 71378077.65,
        "trend": 24.366056,
        "fair_value": 47.444795,
        "relative_strength": -29.323824,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -15.033425,
        "energy": 16.809788,
        "activity_lines": [
          23.47083,
          22.533919,
          22.756767,
          23.275599
        ]
      },
      {
        "date": "2024-03-29",
        "close": 24.952751,
        "volume": 55877822,
        "typical_volume": 72151948.25,
        "trend": 24.162292,
        "fair_value": 47.131121,
        "relative_strength": -25.296228,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 3.39624,
        "energy": 19.943866,
        "activity_lines": [
          24.160166,
          23.093283,
          22.915804,
          23.31345
        ]
      },
      {
        "date": "2024-04-05",
        "close": 24.39438,
        "volume": 47877717,
        "typical_volume": 69740558.25,
        "trend": 23.99154,
        "fair_value": 46.835777,
        "relative_strength": -25.192475,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 15.826509,
        "energy": 26.24908,
        "activity_lines": [
          24.451416,
          23.466649,
          23.014592,
          23.328423
        ]
      },
      {
        "date": "2024-04-12",
        "close": 23.80374,
        "volume": 44644428,
        "typical_volume": 69896358.6,
        "trend": 23.826305,
        "fair_value": 46.555578,
        "relative_strength": -25.637306,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 15.182072,
        "energy": 21.883756,
        "activity_lines": [
          24.316385,
          23.684308,
          23.060742,
          23.316307
        ]
      },
      {
        "date": "2024-04-19",
        "close": 23.916243,
        "volume": 48415935,
        "typical_volume": 69432160.55,
        "trend": 23.700045,
        "fair_value": 46.27773,
        "relative_strength": -20.07173,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 13.994884,
        "energy": 20.017823,
        "activity_lines": [
          24.135118,
          23.850389,
          23.129022,
          23.32211
        ]
      },
      {
        "date": "2024-04-26",
        "close": 28.444485,
        "volume": 73602263,
        "typical_volume": 70537714.1,
        "trend": 23.763598,
        "fair_value": 46.025482,
        "relative_strength": -7.669482,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 52.183012,
        "energy": 49.781051,
        "activity_lines": [
          25.536009,
          24.775647,
          23.6325,
          23.628202
        ]
      },
      {
        "date": "2024-05-03",
        "close": 30.816421,
        "volume": 64272706,
        "typical_volume": 68358523.95,
        "trend": 23.891638,
        "fair_value": 45.798831,
        "relative_strength": -0.162715,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 85.716259,
        "energy": 79.710145,
        "activity_lines": [
          27.440709,
          26.016172,
          24.341172,
          24.083223
        ]
      },
      {
        "date": "2024-05-10",
        "close": 30.18828,
        "volume": 33600044,
        "typical_volume": 66295607.7,
        "trend": 24.07648,
        "fair_value": 45.6095,
        "relative_strength": -2.828016,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.643204,
        "energy": 85.224122,
        "activity_lines": [
          28.745118,
          26.97807,
          24.962185,
          24.489458
        ]
      },
      {
        "date": "2024-05-17",
        "close": 33.066479,
        "volume": 79324534,
        "typical_volume": 68254067.85,
        "trend": 24.438343,
        "fair_value": 45.412778,
        "relative_strength": 4.792168,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 86.711885,
        "energy": 94.311937,
        "activity_lines": [
          30.622666,
          28.295369,
          25.83325,
          25.069458
        ]
      },
      {
        "date": "2024-05-24",
        "close": 28.378858,
        "volume": 123592173,
        "typical_volume": 71943495.65,
        "trend": 24.605386,
        "fair_value": 45.179322,
        "relative_strength": -10.660334,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.246599,
        "energy": 80.942711,
        "activity_lines": [
          30.320158,
          28.569123,
          26.225744,
          25.323685
        ]
      },
      {
        "date": "2024-05-31",
        "close": 27.769467,
        "volume": 58098116,
        "typical_volume": 71933095.8,
        "trend": 24.712942,
        "fair_value": 44.933589,
        "relative_strength": -10.429334,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.803104,
        "energy": 57.028223,
        "activity_lines": [
          29.517012,
          28.670779,
          26.540807,
          25.527819
        ]
      },
      {
        "date": "2024-06-07",
        "close": 27.497585,
        "volume": 48773757,
        "typical_volume": 69785893.05,
        "trend": 24.847268,
        "fair_value": 44.709932,
        "relative_strength": -12.794055,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.02505,
        "energy": 43.604847,
        "activity_lines": [
          28.66824,
          28.657047,
          26.804893,
          25.707474
        ]
      },
      {
        "date": "2024-06-14",
        "close": 26.972572,
        "volume": 47382525,
        "typical_volume": 67412759.85,
        "trend": 24.907915,
        "fair_value": 44.480494,
        "relative_strength": -16.339626,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 39.249739,
        "energy": 25.820207,
        "activity_lines": [
          27.86572,
          28.501588,
          26.984735,
          25.84459
        ]
      },
      {
        "date": "2024-06-21",
        "close": 26.344431,
        "volume": 39791327,
        "typical_volume": 65712726.4,
        "trend": 24.912701,
        "fair_value": 44.209897,
        "relative_strength": -17.674621,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.812491,
        "energy": 27.151628,
        "activity_lines": [
          27.068199,
          28.185046,
          27.079822,
          25.937268
        ]
      },
      {
        "date": "2024-06-28",
        "close": 24.225626,
        "volume": 47257662,
        "typical_volume": 64391553.25,
        "trend": 24.895448,
        "fair_value": 43.936953,
        "relative_strength": -23.494984,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 6.997091,
        "energy": 19.84464,
        "activity_lines": [
          26.012547,
          27.437072,
          26.942154,
          25.892941
        ]
      },
      {
        "date": "2024-07-05",
        "close": 25.088148,
        "volume": 32220731,
        "typical_volume": 63499171.8,
        "trend": 24.928506,
        "fair_value": 43.684537,
        "relative_strength": -22.615558,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 2.856655,
        "energy": 19.537904,
        "activity_lines": [
          25.521284,
          26.840296,
          26.86836,
          25.905373
        ]
      },
      {
        "date": "2024-07-12",
        "close": 26.391307,
        "volume": 56744298,
        "typical_volume": 64221260.4,
        "trend": 24.975851,
        "fair_value": 43.429071,
        "relative_strength": -17.428756,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 7.013267,
        "energy": 18.846998,
        "activity_lines": [
          25.643163,
          26.541481,
          26.904278,
          25.999748
        ]
      },
      {
        "date": "2024-07-19",
        "close": 24.619386,
        "volume": 40981515,
        "typical_volume": 63318262.5,
        "trend": 24.958665,
        "fair_value": 43.180785,
        "relative_strength": -18.863692,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -3.070611,
        "energy": 18.539437,
        "activity_lines": [
          25.248152,
          26.000956,
          26.749452,
          25.97675
        ]
      },
      {
        "date": "2024-07-26",
        "close": 24.900643,
        "volume": 36970345,
        "typical_volume": 57910066.35,
        "trend": 24.911377,
        "fair_value": 42.942222,
        "relative_strength": -14.652253,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": -0.992989,
        "energy": 16.69104,
        "activity_lines": [
          25.103773,
          25.612821,
          26.603956,
          25.973007
        ]
      },
      {
        "date": "2024-08-02",
        "close": 23.588109,
        "volume": 33103684,
        "typical_volume": 54309826.0,
        "trend": 24.88745,
        "fair_value": 42.702493,
        "relative_strength": -15.458649,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -32.073834,
        "energy": 38.640489,
        "activity_lines": [
          24.618136,
          25.134513,
          26.322251,
          25.887634
        ]
      },
      {
        "date": "2024-08-09",
        "close": 24.263127,
        "volume": 35892119,
        "typical_volume": 52421185.05,
        "trend": 24.94615,
        "fair_value": 42.465574,
        "relative_strength": -12.34449,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -23.738138,
        "energy": 39.066318,
        "activity_lines": [
          24.400005,
          24.86604,
          26.111592,
          25.847355
        ]
      },
      {
        "date": "2024-08-16",
        "close": 27.460084,
        "volume": 68670433,
        "typical_volume": 53060815.6,
        "trend": 25.184601,
        "fair_value": 42.284203,
        "relative_strength": -5.134963,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "up",
        "direction": 27.704298,
        "energy": 17.972292,
        "activity_lines": [
          25.302528,
          25.242584,
          26.204829,
          26.009545
        ]
      },
      {
        "date": "2024-08-23",
        "close": 25.153775,
        "volume": 171407310,
        "typical_volume": 59237295.25,
        "trend": 25.298498,
        "fair_value": 42.016085,
        "relative_strength": -13.162163,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -4.341013,
        "energy": 7.739359,
        "activity_lines": [
          25.36503,
          25.200481,
          26.066477,
          26.007556
        ]
      },
      {
        "date": "2024-08-30",
        "close": 25.313154,
        "volume": 97791323,
        "typical_volume": 61894640.0,
        "trend": 25.480872,
        "fair_value": 41.729748,
        "relative_strength": -11.08623,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -8.181209,
        "energy": 8.587665,
        "activity_lines": [
          25.445032,
          25.220424,
          25.939688,
          26.008501
        ]
      },
      {
        "date": "2024-09-06",
        "close": 24.441256,
        "volume": 46140664,
        "typical_volume": 61780876.45,
        "trend": 25.615962,
        "fair_value": 41.433412,
        "relative_strength": -8.123996,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -16.038719,
        "energy": 12.025051,
        "activity_lines": [
          25.206901,
          25.100592,
          25.722673,
          25.94143
        ]
      },
      {
        "date": "2024-09-13",
        "close": 24.600636,
        "volume": 42384704,
        "typical_volume": 60219998.5,
        "trend": 25.700489,
        "fair_value": 41.15467,
        "relative_strength": -11.957212,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -25.786856,
        "energy": 18.155275,
        "activity_lines": [
          24.96502,
          25.005816,
          25.518338,
          25.875925
        ]
      },
      {
        "date": "2024-09-20",
        "close": 26.766316,
        "volume": 63559987,
        "typical_volume": 60184362.55,
        "trend": 25.866922,
        "fair_value": 40.910653,
        "relative_strength": -4.921239,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 3.936195,
        "energy": 5.522218,
        "activity_lines": [
          25.422532,
          25.313665,
          25.538561,
          25.944688
        ]
      },
      {
        "date": "2024-09-27",
        "close": 37.407216,
        "volume": 186534138,
        "typical_volume": 67831067.25,
        "trend": 26.415383,
        "fair_value": 40.757092,
        "relative_strength": 31.418043,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.613662,
        "energy": 70.835175,
        "activity_lines": [
          29.473261,
          27.549405,
          26.59149,
          26.689223
        ]
      },
      {
        "date": "2024-10-04",
        "close": 44.035513,
        "volume": 205152334,
        "typical_volume": 74122457.25,
        "trend": 27.131645,
        "fair_value": 40.597764,
        "relative_strength": 53.720152,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 91.819877,
        "energy": 96.092931,
        "activity_lines": [
          34.916527,
          30.757783,
          28.24131,
          27.826005
        ]
      },
      {
        "date": "2024-10-11",
        "close": 41.091687,
        "volume": 125349208,
        "typical_volume": 74210309.0,
        "trend": 27.667787,
        "fair_value": 40.40378,
        "relative_strength": 40.979052,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.700083,
        "energy": 93.63405,
        "activity_lines": [
          38.13036,
          33.083014,
          29.558531,
          28.726653
        ]
      },
      {
        "date": "2024-10-18",
        "close": 37.482218,
        "volume": 97807251,
        "typical_volume": 76195765.75,
        "trend": 28.112463,
        "fair_value": 40.177389,
        "relative_strength": 27.777044,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.625533,
        "energy": 87.668921,
        "activity_lines": [
          39.031008,
          34.43373,
          30.471457,
          29.359842
        ]
      },
      {
        "date": "2024-10-25",
        "close": 37.407216,
        "volume": 51799809,
        "typical_volume": 76347068.35,
        "trend": 28.527612,
        "fair_value": 39.977426,
        "relative_strength": 26.998432,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.689074,
        "energy": 87.461697,
        "activity_lines": [
          39.047884,
          35.530463,
          31.330988,
          29.959504
        ]
      },
      {
        "date": "2024-11-01",
        "close": 37.913479,
        "volume": 48362907,
        "typical_volume": 76396087.45,
        "trend": 28.978249,
        "fair_value": 39.784697,
        "relative_strength": 30.354723,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.876679,
        "energy": 62.298682,
        "activity_lines": [
          38.52412,
          36.538387,
          32.191546,
          30.565044
        ]
      },
      {
        "date": "2024-11-08",
        "close": 35.954054,
        "volume": 60339728,
        "typical_volume": 77423507.5,
        "trend": 29.383259,
        "fair_value": 39.532331,
        "relative_strength": 16.913691,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.663777,
        "energy": 48.882347,
        "activity_lines": [
          37.313464,
          36.958057,
          32.813392,
          31.015096
        ]
      },
      {
        "date": "2024-11-15",
        "close": 32.813348,
        "volume": 99147491,
        "typical_volume": 80017998.95,
        "trend": 29.679829,
        "fair_value": 39.228374,
        "relative_strength": 10.459321,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 42.920214,
        "energy": 32.279167,
        "activity_lines": [
          35.59467,
          36.613219,
          33.090364,
          31.236392
        ]
      },
      {
        "date": "2024-11-22",
        "close": 32.51334,
        "volume": 47179906,
        "typical_volume": 80765957.7,
        "trend": 29.815458,
        "fair_value": 38.938672,
        "relative_strength": 7.573374,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.502093,
        "energy": 24.565584,
        "activity_lines": [
          34.327762,
          36.061613,
          33.297869,
          31.419199
        ]
      },
      {
        "date": "2024-11-29",
        "close": 35.044655,
        "volume": 44661575,
        "typical_volume": 80161821.55,
        "trend": 29.956399,
        "fair_value": 38.725418,
        "relative_strength": 14.870248,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.721162,
        "energy": 24.916091,
        "activity_lines": [
          34.235884,
          35.82638,
          33.711094,
          31.756566
        ]
      },
      {
        "date": "2024-12-06",
        "close": 34.85715,
        "volume": 47371142,
        "typical_volume": 80481302.9,
        "trend": 30.112028,
        "fair_value": 38.501076,
        "relative_strength": 10.468585,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.963813,
        "energy": 22.472948,
        "activity_lines": [
          34.239009,
          35.40654,
          34.065255,
          32.072744
        ]
      },
      {
        "date": "2024-12-13",
        "close": 34.960278,
        "volume": 71806923,
        "typical_volume": 82223131.8,
        "trend": 30.175154,
        "fair_value": 38.326099,
        "relative_strength": 9.813254,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.125952,
        "energy": 16.901537,
        "activity_lines": [
          34.480266,
          35.051814,
          34.380486,
          32.385534
        ]
      },
      {
        "date": "2024-12-20",
        "close": 33.413363,
        "volume": 38713970,
        "typical_volume": 82503646.1,
        "trend": 30.342971,
        "fair_value": 38.154633,
        "relative_strength": 7.267683,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.183785,
        "energy": 16.276541,
        "activity_lines": [
          34.272135,
          34.580836,
          34.500489,
          32.594451
        ]
      },
      {
        "date": "2024-12-27",
        "close": 32.794597,
        "volume": 20648429,
        "typical_volume": 81741461.6,
        "trend": 30.510476,
        "fair_value": 37.971223,
        "relative_strength": 4.392106,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 19.337506,
        "energy": 11.478324,
        "activity_lines": [
          33.817748,
          34.136961,
          34.514775,
          32.75262
        ]
      },
      {
        "date": "2025-01-03",
        "close": 33.132106,
        "volume": 32469978,
        "typical_volume": 79931438.85,
        "trend": 30.698293,
        "fair_value": 37.800257,
        "relative_strength": 6.19898,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 16.486142,
        "energy": 12.290924,
        "activity_lines": [
          33.457114,
          33.839681,
          34.520579,
          32.921758
        ]
      },
      {
        "date": "2025-01-10",
        "close": 31.032052,
        "volume": 34580648,
        "typical_volume": 73090105.75,
        "trend": 30.833609,
        "fair_value": 37.585045,
        "relative_strength": 1.509412,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -2.163598,
        "energy": 13.441431,
        "activity_lines": [
          32.523965,
          33.238302,
          34.299368,
          32.94329
        ]
      },
      {
        "date": "2025-01-17",
        "close": 36.563445,
        "volume": 57645340,
        "typical_volume": 71082806.6,
        "trend": 31.174243,
        "fair_value": 37.40675,
        "relative_strength": 15.472737,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.303831,
        "energy": 15.660142,
        "activity_lines": [
          33.689621,
          33.767747,
          34.576965,
          33.312957
        ]
      },
      {
        "date": "2025-01-24",
        "close": 38.175986,
        "volume": 48590358,
        "typical_volume": 71205291.3,
        "trend": 31.639255,
        "fair_value": 37.261938,
        "relative_strength": 18.003236,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 54.468815,
        "energy": 32.33392,
        "activity_lines": [
          35.285912,
          34.579302,
          34.954564,
          33.764683
        ]
      },
      {
        "date": "2025-01-31",
        "close": 38.175986,
        "volume": 51554881,
        "typical_volume": 71663800.15,
        "trend": 32.075516,
        "fair_value": 37.092238,
        "relative_strength": 18.668979,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 64.043672,
        "energy": 54.866986,
        "activity_lines": [
          36.564695,
          35.293355,
          35.266759,
          34.186407
        ]
      },
      {
        "date": "2025-02-07",
        "close": 37.660348,
        "volume": 48834284,
        "typical_volume": 70927515.0,
        "trend": 32.451151,
        "fair_value": 36.918054,
        "relative_strength": 16.016195,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.300577,
        "energy": 61.57527,
        "activity_lines": [
          37.312839,
          35.810698,
          35.465202,
          34.546719
        ]
      },
      {
        "date": "2025-02-14",
        "close": 38.794752,
        "volume": 72346109,
        "typical_volume": 65218113.55,
        "trend": 32.923663,
        "fair_value": 36.763051,
        "relative_strength": 15.394345,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.149074,
        "energy": 70.591891,
        "activity_lines": [
          38.137235,
          36.486738,
          35.719807,
          34.955984
        ]
      },
      {
        "date": "2025-02-21",
        "close": 39.769777,
        "volume": 72851761,
        "typical_volume": 58603084.9,
        "trend": 33.419301,
        "fair_value": 36.610703,
        "relative_strength": 20.06791,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.242227,
        "energy": 68.508057,
        "activity_lines": [
          38.769126,
          37.268463,
          36.060664,
          35.397668
        ]
      },
      {
        "date": "2025-02-28",
        "close": 39.282265,
        "volume": 81502477,
        "typical_volume": 56410748.35,
        "trend": 33.942439,
        "fair_value": 36.505284,
        "relative_strength": 21.661061,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.746798,
        "energy": 55.980836,
        "activity_lines": [
          39.024758,
          37.874103,
          36.375404,
          35.775924
        ]
      },
      {
        "date": "2025-03-07",
        "close": 39.647899,
        "volume": 115552017,
        "typical_volume": 57297986.65,
        "trend": 34.455265,
        "fair_value": 36.489844,
        "relative_strength": 25.780997,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.110469,
        "energy": 44.390964,
        "activity_lines": [
          39.328516,
          38.439516,
          36.733583,
          36.144018
        ]
      },
      {
        "date": "2025-03-14",
        "close": 40.463545,
        "volume": 69719388,
        "typical_volume": 58193965.6,
        "trend": 34.888714,
        "fair_value": 36.383346,
        "relative_strength": 30.581111,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.185,
        "energy": 46.082104,
        "activity_lines": [
          39.806028,
          39.028622,
          37.159129,
          36.531649
        ]
      },
      {
        "date": "2025-03-21",
        "close": 39.601023,
        "volume": 61779100,
        "typical_volume": 58864775.25,
        "trend": 35.370289,
        "fair_value": 36.300586,
        "relative_strength": 26.429302,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.455769,
        "energy": 40.042132,
        "activity_lines": [
          39.809153,
          39.327607,
          37.487977,
          36.835669
        ]
      },
      {
        "date": "2025-03-28",
        "close": 38.982257,
        "volume": 45281438,
        "typical_volume": 58111860.75,
        "trend": 35.825925,
        "fair_value": 36.218523,
        "relative_strength": 26.435181,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.001431,
        "energy": 35.279886,
        "activity_lines": [
          39.552272,
          39.358289,
          37.749859,
          37.068699
        ]
      },
      {
        "date": "2025-04-04",
        "close": 34.510267,
        "volume": 61860682,
        "typical_volume": 56247520.3,
        "trend": 36.161559,
        "fair_value": 36.122119,
        "relative_strength": 23.249123,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 19.809746,
        "energy": 11.069468,
        "activity_lines": [
          37.857228,
          38.531904,
          37.571417,
          36.983818
        ]
      },
      {
        "date": "2025-04-11",
        "close": 35.178691,
        "volume": 129334270,
        "typical_volume": 60355238.5,
        "trend": 36.514161,
        "fair_value": 36.029887,
        "relative_strength": 16.09579,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 15.282799,
        "energy": 14.649711,
        "activity_lines": [
          36.703126,
          37.893701,
          37.448554,
          36.920407
        ]
      },
      {
        "date": "2025-04-18",
        "close": 33.536633,
        "volume": 61178121,
        "typical_volume": 61181065.8,
        "trend": 36.739838,
        "fair_value": 35.95252,
        "relative_strength": 12.675406,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -32.098092,
        "energy": 28.398686,
        "activity_lines": [
          35.299618,
          37.011437,
          37.156612,
          36.728309
        ]
      },
      {
        "date": "2025-04-25",
        "close": 31.421275,
        "volume": 101162421,
        "typical_volume": 63870629.75,
        "trend": 36.540307,
        "fair_value": 35.807552,
        "relative_strength": -0.792257,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -43.196357,
        "energy": 41.947168,
        "activity_lines": [
          33.652785,
          35.81954,
          36.670389,
          36.385176
        ]
      },
      {
        "date": "2025-05-02",
        "close": 33.295153,
        "volume": 56106709,
        "typical_volume": 63085619.05,
        "trend": 36.182295,
        "fair_value": 35.708583,
        "relative_strength": 1.715269,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -30.719564,
        "energy": 48.665967,
        "activity_lines": [
          33.175894,
          35.102411,
          36.378991,
          36.175811
        ]
      },
      {
        "date": "2025-05-09",
        "close": 32.705944,
        "volume": 38691436,
        "typical_volume": 63084492.35,
        "trend": 35.90277,
        "fair_value": 35.628644,
        "relative_strength": 0.13968,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -25.045025,
        "energy": 48.999481,
        "activity_lines": [
          32.881741,
          34.395873,
          36.039407,
          35.95153
        ]
      },
      {
        "date": "2025-05-16",
        "close": 32.40651,
        "volume": 110774500,
        "typical_volume": 67590795.9,
        "trend": 35.73358,
        "fair_value": 35.536307,
        "relative_strength": -6.850698,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -60.81058,
        "energy": 55.920841,
        "activity_lines": [
          32.608065,
          33.754462,
          35.674675,
          35.725965
        ]
      },
      {
        "date": "2025-05-23",
        "close": 32.213327,
        "volume": 41633379,
        "typical_volume": 68048965.95,
        "trend": 35.56045,
        "fair_value": 35.434046,
        "relative_strength": -5.199872,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.378641,
        "energy": 44.540935,
        "activity_lines": [
          32.454806,
          33.209589,
          35.293392,
          35.498852
        ]
      },
      {
        "date": "2025-05-30",
        "close": 31.305365,
        "volume": 54298789,
        "typical_volume": 69034873.0,
        "trend": 35.34018,
        "fair_value": 35.30963,
        "relative_strength": -9.579748,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.163429,
        "energy": 48.85521,
        "activity_lines": [
          32.087114,
          32.649636,
          34.830012,
          35.22433
        ]
      },
      {
        "date": "2025-06-06",
        "close": 31.991166,
        "volume": 43927242,
        "typical_volume": 68348968.1,
        "trend": 35.208083,
        "fair_value": 35.160908,
        "relative_strength": -9.49986,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.749694,
        "energy": 50.125516,
        "activity_lines": [
          31.955749,
          32.365204,
          34.430645,
          35.008265
        ]
      },
      {
        "date": "2025-06-13",
        "close": 31.643436,
        "volume": 36348378,
        "typical_volume": 67736869.1,
        "trend": 35.169086,
        "fair_value": 34.988561,
        "relative_strength": -10.069376,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.15929,
        "energy": 52.253741,
        "activity_lines": [
          31.795407,
          32.144659,
          34.019933,
          34.778288
        ]
      },
      {
        "date": "2025-06-20",
        "close": 30.368425,
        "volume": 43995123,
        "typical_volume": 67358881.2,
        "trend": 35.097589,
        "fair_value": 34.815058,
        "relative_strength": -13.732448,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.595446,
        "energy": 59.215053,
        "activity_lines": [
          31.280895,
          31.744418,
          33.518899,
          34.468568
        ]
      },
      {
        "date": "2025-06-27",
        "close": 31.94287,
        "volume": 42992547,
        "typical_volume": 67066794.35,
        "trend": 34.994196,
        "fair_value": 34.640489,
        "relative_strength": -13.062338,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.300143,
        "energy": 43.95011,
        "activity_lines": [
          31.42707,
          31.717899,
          33.204991,
          34.265037
        ]
      },
      {
        "date": "2025-07-04",
        "close": 30.976953,
        "volume": 30365738,
        "typical_volume": 64967775.8,
        "trend": 34.864856,
        "fair_value": 34.48239,
        "relative_strength": -17.038846,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.437382,
        "energy": 49.716902,
        "activity_lines": [
          31.269304,
          31.544737,
          32.826318,
          34.00586
        ]
      },
      {
        "date": "2025-07-11",
        "close": 30.040014,
        "volume": 45808980,
        "typical_volume": 63615636.75,
        "trend": 34.700848,
        "fair_value": 34.32835,
        "relative_strength": -19.268096,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.408442,
        "energy": 60.399418,
        "activity_lines": [
          30.821119,
          31.2093,
          32.395639,
          33.69458
        ]
      },
      {
        "date": "2025-07-18",
        "close": 32.763899,
        "volume": 68438195,
        "typical_volume": 62962422.65,
        "trend": 34.679199,
        "fair_value": 34.18418,
        "relative_strength": -13.211479,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.37315,
        "energy": 36.48278,
        "activity_lines": [
          31.410972,
          31.4283,
          32.27071,
          33.569616
        ]
      },
      {
        "date": "2025-07-25",
        "close": 32.049121,
        "volume": 42158017,
        "typical_volume": 59292722.65,
        "trend": 34.65435,
        "fair_value": 34.047391,
        "relative_strength": -15.930958,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -43.273161,
        "energy": 30.552205,
        "activity_lines": [
          31.687868,
          31.516286,
          32.108747,
          33.399933
        ]
      },
      {
        "date": "2025-08-01",
        "close": 29.856489,
        "volume": 50191224,
        "typical_volume": 58316314.45,
        "trend": 34.545162,
        "fair_value": 33.882684,
        "relative_strength": -19.940406,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.681382,
        "energy": 41.12877,
        "activity_lines": [
          31.12184,
          31.21211,
          31.774147,
          33.090394
        ]
      },
      {
        "date": "2025-08-08",
        "close": 30.416721,
        "volume": 29273153,
        "typical_volume": 56691017.1,
        "trend": 34.524651,
        "fair_value": 33.749523,
        "relative_strength": -21.344802,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.321541,
        "energy": 36.047087,
        "activity_lines": [
          30.881649,
          31.052646,
          31.543412,
          32.824043
        ]
      },
      {
        "date": "2025-08-15",
        "close": 30.619564,
        "volume": 71314194,
        "typical_volume": 57992654.9,
        "trend": 34.326522,
        "fair_value": 33.631179,
        "relative_strength": -21.08805,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.11648,
        "energy": 41.133737,
        "activity_lines": [
          30.746421,
          30.946219,
          31.375729,
          32.572102
        ]
      },
      {
        "date": "2025-08-22",
        "close": 30.793429,
        "volume": 42804671,
        "typical_volume": 57039854.35,
        "trend": 34.080437,
        "fair_value": 33.463564,
        "relative_strength": -19.921043,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.333478,
        "energy": 41.400895,
        "activity_lines": [
          30.630511,
          30.896343,
          31.264428,
          32.34416
        ]
      },
      {
        "date": "2025-08-29",
        "close": 30.011036,
        "volume": 69497061,
        "typical_volume": 54047993.9,
        "trend": 33.808272,
        "fair_value": 33.303414,
        "relative_strength": -21.722246,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.17398,
        "energy": 40.223628,
        "activity_lines": [
          30.385168,
          30.719668,
          31.096313,
          32.081618
        ]
      },
      {
        "date": "2025-09-05",
        "close": 30.378085,
        "volume": 52773225,
        "typical_volume": 53627749.1,
        "trend": 33.56553,
        "fair_value": 33.15068,
        "relative_strength": -21.497518,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.317592,
        "energy": 35.697348,
        "activity_lines": [
          30.398047,
          30.616227,
          30.987762,
          31.860316
        ]
      },
      {
        "date": "2025-09-12",
        "close": 32.52242,
        "volume": 113351974,
        "typical_volume": 54237226.75,
        "trend": 33.356452,
        "fair_value": 33.040679,
        "relative_strength": -17.554811,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -27.492661,
        "energy": 16.295619,
        "activity_lines": [
          31.090931,
          30.931116,
          31.098475,
          31.793019
        ]
      },
      {
        "date": "2025-09-19",
        "close": 33.903681,
        "volume": 134017978,
        "typical_volume": 58132790.2,
        "trend": 33.160915,
        "fair_value": 32.957134,
        "relative_strength": -15.891707,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 4.11683,
        "energy": 10.834483,
        "activity_lines": [
          32.103856,
          31.469044,
          31.335492,
          31.828324
        ]
      },
      {
        "date": "2025-09-26",
        "close": 33.324131,
        "volume": 112995069,
        "typical_volume": 61847971.85,
        "trend": 32.962311,
        "fair_value": 32.881435,
        "relative_strength": -16.446933,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 1.366461,
        "energy": 17.794531,
        "activity_lines": [
          32.704656,
          31.83135,
          31.514417,
          31.838854
        ]
      },
      {
        "date": "2025-10-03",
        "close": 34.193456,
        "volume": 99821553,
        "typical_volume": 61300324.5,
        "trend": 32.780496,
        "fair_value": 32.813551,
        "relative_strength": -14.452437,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 26.858682,
        "energy": 32.739193,
        "activity_lines": [
          33.426518,
          32.34153,
          31.77319,
          31.918282
        ]
      },
      {
        "date": "2025-10-10",
        "close": 30.764451,
        "volume": 94115886,
        "typical_volume": 63924449.85,
        "trend": 32.457193,
        "fair_value": 32.767286,
        "relative_strength": -20.517565,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 3.670807,
        "energy": 15.926873,
        "activity_lines": [
          32.72655,
          32.189266,
          31.696883,
          31.788215
        ]
      },
      {
        "date": "2025-10-17",
        "close": 31.94287,
        "volume": 66217708,
        "typical_volume": 64520395.8,
        "trend": 32.201921,
        "fair_value": 32.729609,
        "relative_strength": -18.89101,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 10.829068,
        "energy": 11.202545,
        "activity_lines": [
          32.393631,
          32.234752,
          31.739705,
          31.755033
        ]
      },
      {
        "date": "2025-10-24",
        "close": 32.05878,
        "volume": 52806717,
        "typical_volume": 64964369.55,
        "trend": 31.971139,
        "fair_value": 32.717351,
        "relative_strength": -19.766756,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 6.277037,
        "energy": 4.50705,
        "activity_lines": [
          32.137985,
          32.273565,
          31.790531,
          31.745798
        ]
      },
      {
        "date": "2025-10-31",
        "close": 31.913892,
        "volume": 51796394,
        "typical_volume": 65736770.35,
        "trend": 31.884593,
        "fair_value": 32.666663,
        "relative_strength": -21.004772,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 1.246825,
        "energy": 8.315374,
        "activity_lines": [
          31.957037,
          32.259866,
          31.827236,
          31.742105
        ]
      },
      {
        "date": "2025-11-07",
        "close": 30.706496,
        "volume": 45071814,
        "typical_volume": 65790604.9,
        "trend": 31.73552,
        "fair_value": 32.582064,
        "relative_strength": -21.112722,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -11.534256,
        "energy": 11.193185,
        "activity_lines": [
          31.467639,
          32.006269,
          31.747663,
          31.666098
        ]
      },
      {
        "date": "2025-11-14",
        "close": 28.311022,
        "volume": 101756322,
        "typical_volume": 68728793.65,
        "trend": 31.561333,
        "fair_value": 32.441041,
        "relative_strength": -26.72172,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -68.212394,
        "energy": 44.5006,
        "activity_lines": [
          30.412213,
          31.304486,
          31.438339,
          31.445163
        ]
      },
      {
        "date": "2025-11-21",
        "close": 27.943974,
        "volume": 66960769,
        "typical_volume": 70558545.2,
        "trend": 31.445423,
        "fair_value": 32.33557,
        "relative_strength": -24.975944,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -69.233645,
        "energy": 62.845298,
        "activity_lines": [
          29.398001,
          30.573551,
          31.111353,
          31.211785
        ]
      },
      {
        "date": "2025-11-28",
        "close": 28.813299,
        "volume": 42042626,
        "typical_volume": 70370227.5,
        "trend": 31.296028,
        "fair_value": 32.182985,
        "relative_strength": -25.776447,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.890267,
        "energy": 65.639936,
        "activity_lines": [
          28.940156,
          30.083919,
          30.881603,
          31.041971
        ]
      },
      {
        "date": "2025-12-05",
        "close": 28.880913,
        "volume": 33665348,
        "typical_volume": 68631585.15,
        "trend": 31.168526,
        "fair_value": 32.032674,
        "relative_strength": -25.879749,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.379904,
        "energy": 66.76166,
        "activity_lines": [
          28.721215,
          29.699133,
          30.664134,
          30.886157
        ]
      },
      {
        "date": "2025-12-12",
        "close": 28.436592,
        "volume": 37618514,
        "typical_volume": 68404610.0,
        "trend": 31.036196,
        "fair_value": 31.889466,
        "relative_strength": -25.14956,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.053374,
        "energy": 65.567158,
        "activity_lines": [
          28.556365,
          29.314347,
          30.422839,
          30.709903
        ]
      },
      {
        "date": "2025-12-19",
        "close": 27.837723,
        "volume": 38840818,
        "typical_volume": 67837089.7,
        "trend": 30.890342,
        "fair_value": 31.743281,
        "relative_strength": -26.685697,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.516732,
        "energy": 61.386409,
        "activity_lines": [
          28.34322,
          28.925345,
          30.141711,
          30.50355
        ]
      },
      {
        "date": "2025-12-26",
        "close": 28.397955,
        "volume": 25326146,
        "typical_volume": 67639739.35,
        "trend": 30.793429,
        "fair_value": 31.602471,
        "relative_strength": -25.717947,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.582379,
        "energy": 52.852209,
        "activity_lines": [
          28.348371,
          28.691418,
          29.923552,
          30.342751
        ]
      },
      {
        "date": "2026-01-02",
        "close": 28.523524,
        "volume": 43774592,
        "typical_volume": 66262759.25,
        "trend": 30.677841,
        "fair_value": 31.415473,
        "relative_strength": -23.655078,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.682911,
        "energy": 47.38211,
        "activity_lines": [
          28.365114,
          28.544774,
          29.726964,
          30.196305
        ]
      },
      {
        "date": "2026-01-09",
        "close": 28.446251,
        "volume": 46594603,
        "typical_volume": 66452255.85,
        "trend": 30.571268,
        "fair_value": 31.232007,
        "relative_strength": -25.12544,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.568084,
        "energy": 47.995073,
        "activity_lines": [
          28.375417,
          28.448358,
          29.532999,
          30.052332
        ]
      },
      {
        "date": "2026-01-16",
        "close": 27.914997,
        "volume": 56833803,
        "typical_volume": 65819092.95,
        "trend": 30.489487,
        "fair_value": 31.063368,
        "relative_strength": -25.281979,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.741814,
        "energy": 41.933257,
        "activity_lines": [
          28.237613,
          28.318399,
          29.299615,
          29.880959
        ]
      },
      {
        "date": "2026-01-23",
        "close": 28.822958,
        "volume": 42796253,
        "typical_volume": 65320244.35,
        "trend": 30.38549,
        "fair_value": 30.881511,
        "relative_strength": -22.383368,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -43.433068,
        "energy": 30.934996,
        "activity_lines": [
          28.437236,
          28.404277,
          29.162685,
          29.773441
        ]
      },
      {
        "date": "2026-01-30",
        "close": 27.509312,
        "volume": 45763769,
        "typical_volume": 61940834.1,
        "trend": 30.269902,
        "fair_value": 30.726376,
        "relative_strength": -25.113865,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.978845,
        "energy": 41.211205,
        "activity_lines": [
          28.133294,
          28.242003,
          28.908051,
          29.587881
        ]
      },
      {
        "date": "2026-02-06",
        "close": 27.113286,
        "volume": 52588731,
        "typical_volume": 57869371.75,
        "trend": 30.172344,
        "fair_value": 30.599418,
        "relative_strength": -24.022235,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.835387,
        "energy": 46.942847,
        "activity_lines": [
          27.756586,
          28.015628,
          28.639572,
          29.384229
        ]
      },
      {
        "date": "2026-02-13",
        "close": 26.214983,
        "volume": 43154085,
        "typical_volume": 54377322.55,
        "trend": 29.954047,
        "fair_value": 30.462502,
        "relative_strength": -24.882922,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.41991,
        "energy": 70.665309,
        "activity_lines": [
          27.174461,
          27.656833,
          28.317876,
          29.128915
        ]
      },
      {
        "date": "2026-02-20",
        "close": 26.475781,
        "volume": 23911230,
        "typical_volume": 50581806.4,
        "trend": 29.768269,
        "fair_value": 30.374538,
        "relative_strength": -24.177152,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.781998,
        "energy": 78.96308,
        "activity_lines": [
          26.828018,
          27.393929,
          28.054871,
          28.904511
        ]
      },
      {
        "date": "2026-02-27",
        "close": 25.625774,
        "volume": 34909368,
        "typical_volume": 47621480.5,
        "trend": 29.627245,
        "fair_value": 30.265825,
        "relative_strength": -25.54168,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -78.30658,
        "energy": 84.81009,
        "activity_lines": [
          26.294188,
          27.012128,
          27.747663,
          28.637253
        ]
      },
      {
        "date": "2026-03-06",
        "close": 26.108732,
        "volume": 93721233,
        "typical_volume": 48996656.75,
        "trend": 29.483646,
        "fair_value": 30.200414,
        "relative_strength": -22.194828,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.410638,
        "energy": 72.810681,
        "activity_lines": [
          26.13449,
          26.758355,
          27.510921,
          28.410252
        ]
      },
      {
        "date": "2026-03-13",
        "close": 27.354765,
        "volume": 52424556,
        "typical_volume": 48977548.7,
        "trend": 29.374819,
        "fair_value": 30.152422,
        "relative_strength": -16.543332,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.045434,
        "energy": 47.326122,
        "activity_lines": [
          26.483508,
          26.772756,
          27.420631,
          28.272905
        ]
      },
      {
        "date": "2026-03-20",
        "close": 26.340552,
        "volume": 50648130,
        "typical_volume": 48920135.5,
        "trend": 29.22639,
        "fair_value": 30.089532,
        "relative_strength": -16.94229,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.177614,
        "energy": 43.125881,
        "activity_lines": [
          26.478356,
          26.624005,
          27.256149,
          28.077146
        ]
      },
      {
        "date": "2026-03-27",
        "close": 27.721813,
        "volume": 64388440,
        "typical_volume": 49885966.8,
        "trend": 29.150082,
        "fair_value": 30.01479,
        "relative_strength": -8.568697,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.499324,
        "energy": 24.439811,
        "activity_lines": [
          26.925254,
          26.764678,
          27.249756,
          27.980077
        ]
      },
      {
        "date": "2026-04-03",
        "close": 27.489993,
        "volume": 40180057,
        "typical_volume": 46807153.55,
        "trend": 29.053813,
        "fair_value": 29.952975,
        "relative_strength": -11.700838,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.465925,
        "energy": 19.366958,
        "activity_lines": [
          27.211809,
          26.866713,
          27.235497,
          27.872974
        ]
      },
      {
        "date": "2026-04-10",
        "close": 28.93,
        "volume": 41895969,
        "typical_volume": 45553913.55,
        "trend": 28.934065,
        "fair_value": 29.923225,
        "relative_strength": -10.053379,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -12.257817,
        "energy": 13.374665,
        "activity_lines": [
          27.854085,
          27.254804,
          27.362292,
          27.864986
        ]
      },
      {
        "date": "2026-04-17",
        "close": 31.6,
        "volume": 68859798,
        "typical_volume": 46894772.15,
        "trend": 28.857276,
        "fair_value": 29.917716,
        "relative_strength": -6.544682,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 39.676047,
        "energy": 37.167157,
        "activity_lines": [
          29.198277,
          28.102519,
          27.738676,
          28.036982
        ]
      },
      {
        "date": "2026-04-24",
        "close": 30.27,
        "volume": 33515428,
        "typical_volume": 46887276.15,
        "trend": 28.755471,
        "fair_value": 29.903154,
        "relative_strength": -11.718862,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 26.880686,
        "energy": 47.255387,
        "activity_lines": [
          29.81612,
          28.62684,
          27.975124,
          28.128125
        ]
      },
      {
        "date": "2026-05-01",
        "close": 29.96,
        "volume": 26832093,
        "typical_volume": 46347955.1,
        "trend": 28.614356,
        "fair_value": 29.885672,
        "relative_strength": -13.180737,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 24.007219,
        "energy": 52.655036,
        "activity_lines": [
          30.068666,
          29.021068,
          28.175434,
          28.205837
        ]
      },
      {
        "date": "2026-05-08",
        "close": 30.13,
        "volume": 41378313,
        "typical_volume": 46474829.85,
        "trend": 28.593208,
        "fair_value": 29.872666,
        "relative_strength": -16.458332,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 33.360522,
        "energy": 59.096026,
        "activity_lines": [
          30.228667,
          29.382857,
          28.38468,
          28.30362
        ]
      },
      {
        "date": "2026-05-15",
        "close": 32.01,
        "volume": 97191194,
        "typical_volume": 50068082.25,
        "trend": 28.595446,
        "fair_value": 29.873113,
        "relative_strength": -10.372493,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 47.334819,
        "energy": 57.131862,
        "activity_lines": [
          30.839333,
          30.004569,
          28.762057,
          28.524059
        ]
      },
      {
        "date": "2026-05-22",
        "close": 30.52,
        "volume": 49702583,
        "typical_volume": 50364481.8,
        "trend": 28.544153,
        "fair_value": 29.875455,
        "relative_strength": -14.888993,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 57.305886,
        "energy": 42.329102,
        "activity_lines": [
          30.748,
          30.248076,
          28.98033,
          28.648223
        ]
      },
      {
        "date": "2026-05-29",
        "close": 28.83,
        "volume": 36372599,
        "typical_volume": 49853381.6,
        "trend": 28.441356,
        "fair_value": 29.853357,
        "relative_strength": -21.212401,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 51.974992,
        "energy": 32.955435,
        "activity_lines": [
          30.165333,
          30.12676,
          29.028143,
          28.666665
        ]
      },
      {
        "date": "2026-06-05",
        "close": 28.88,
        "volume": 40898647,
        "typical_volume": 49056623.8,
        "trend": 28.380473,
        "fair_value": 29.824863,
        "relative_strength": -16.719377,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 37.656717,
        "energy": 22.637439,
        "activity_lines": [
          29.695333,
          29.969273,
          29.078891,
          28.694965
        ]
      },
      {
        "date": "2026-06-12",
        "close": 28.56,
        "volume": 30569055,
        "typical_volume": 48445263.9,
        "trend": 28.388773,
        "fair_value": 29.775222,
        "relative_strength": -18.844762,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 27.561318,
        "energy": 18.960426,
        "activity_lines": [
          29.190667,
          29.732545,
          29.094568,
          28.706547
        ]
      },
      {
        "date": "2026-06-19",
        "close": 27.57,
        "volume": 30481693,
        "typical_volume": 47681160.1,
        "trend": 28.376307,
        "fair_value": 29.748317,
        "relative_strength": -23.071726,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 10.680546,
        "energy": 18.302041,
        "activity_lines": [
          28.460667,
          29.296364,
          29.017211,
          28.653723
        ]
      },
      {
        "date": "2026-06-26",
        "close": 25.39,
        "volume": 60238377,
        "typical_volume": 48063642.4,
        "trend": 28.262197,
        "fair_value": 29.71176,
        "relative_strength": -25.146676,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -36.068407,
        "energy": 34.211055,
        "activity_lines": [
          27.3,
          28.488545,
          28.731946,
          28.461058
        ]
      },
      {
        "date": "2026-07-03",
        "close": 26.62,
        "volume": 34287810,
        "typical_volume": 47620328.65,
        "trend": 28.186833,
        "fair_value": 29.673568,
        "relative_strength": -21.607855,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -24.120984,
        "energy": 39.729585,
        "activity_lines": [
          26.891333,
          28.017273,
          28.572029,
          28.35511
        ]
      },
      {
        "date": "2026-07-10",
        "close": 28.2,
        "volume": 36560345,
        "typical_volume": 48252784.4,
        "trend": 28.178947,
        "fair_value": 29.631605,
        "relative_strength": -17.918123,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -19.578315,
        "energy": 34.484421,
        "activity_lines": [
          27.156667,
          27.899636,
          28.560661,
          28.355959
        ]
      },
      {
        "date": "2026-07-17",
        "close": 29.62,
        "volume": 39699010,
        "typical_volume": 48492266.5,
        "trend": 28.238356,
        "fair_value": 29.604993,
        "relative_strength": -9.454806,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -1.908557,
        "energy": 12.303578,
        "activity_lines": [
          27.940667,
          28.072182,
          28.67632,
          28.448931
        ]
      },
      {
        "date": "2026-07-24",
        "close": 30.19,
        "volume": 28557221,
        "typical_volume": 45234065.9,
        "trend": 28.298091,
        "fair_value": 29.56183,
        "relative_strength": -5.72688,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 42.898327,
        "energy": 23.389726,
        "activity_lines": [
          28.844,
          28.357636,
          28.827244,
          28.574843
        ]
      },
      {
        "date": "2026-07-31",
        "close": 33.01,
        "volume": 51057582,
        "typical_volume": 45165717.2,
        "trend": 28.44764,
        "fair_value": 29.545153,
        "relative_strength": 2.774223,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 65.593853,
        "energy": 47.383544,
        "activity_lines": [
          30.512667,
          29.188909,
          29.227306,
          28.878837
        ]
      },
      {
        "date": "2026-08-07",
        "close": 32.97,
        "volume": 25996897,
        "typical_volume": 43933155.55,
        "trend": 28.598432,
        "fair_value": 29.543578,
        "relative_strength": -2.020867,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 74.191664,
        "energy": 74.062059,
        "activity_lines": [
          31.66,
          29.967636,
          29.596628,
          29.170602
        ]
      }
    ],
    "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."
    }
  }
}