{
  "ticker": {
    "uuid": "c5117091-c296-4421-840b-8c4b18b4d6cc",
    "symbol": "CNDX",
    "name": "Global X S&P/TSX 60 Index ETF",
    "exchange": "TOR",
    "country": "CA",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^GSPTSE",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 90.766,
    "architecture_energy": 78.68,
    "architecture_maturity": 82.668,
    "architecture_confidence": 74.213,
    "architecture_tenure": "Extended",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 3.89,
        "rotation_up": 77.76,
        "upward_expansion": 92.03,
        "deceleration": 47.9,
        "rotation_down": 18.3,
        "downward_expansion": 14.03
      },
      "activity_lines": [
        39.424,
        39.089117,
        38.417163,
        37.793152
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Stable",
      "price_acceptance": 1.0
    },
    "latest_close": 40.110001,
    "trend_reference": 37.023888,
    "distance_from_trend": 0.083355,
    "trend_direction": "Improving",
    "fair_value": 30.500077,
    "distance_from_fair_value": 0.315079,
    "fair_value_direction": "Improving",
    "relative_strength": 1.111128,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.14253,
    "excess_performance": 0.022109,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.083355,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.043699,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.315079,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.065773,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.011111,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.018075,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.14253,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.751509,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 83700,
      "relative_activity": 0.441992,
      "balance": 2.751509,
      "dry_up": 0.846095,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.015253,
      "annualized_volatility": 0.111107,
      "from_high_reference": -0.004468,
      "from_low_reference": 0.323535
    },
    "levels": {
      "trend_reference": 37.023888,
      "fair_value_reference": 30.500077,
      "structural_low": 34.142174,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 9,
        "median_return": 0.02266,
        "positive_rate": 0.777778,
        "directional_follow_through": 0.777778,
        "median_excess_return": 0.001768,
        "regime_survival": 1.0,
        "best_return": 0.048416,
        "worst_return": -0.0092,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.067179,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.003111,
        "regime_survival": 1.0,
        "best_return": 0.103905,
        "worst_return": 0.030453,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": 0.137522,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.005402,
        "regime_survival": 1.0,
        "best_return": 0.137522,
        "worst_return": 0.137522,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-11-21",
        "end": "2026-08-07",
        "tenure": "Extended",
        "return": 0.213488,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2024-05-17",
        "close": 23.868027,
        "volume": 10700,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-24",
        "close": 23.716665,
        "volume": 65200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-31",
        "close": 23.697746,
        "volume": 40200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-07",
        "close": 23.451782,
        "volume": 37300,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-14",
        "close": 23.016615,
        "volume": 91300,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-21",
        "close": 22.959854,
        "volume": 66900,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-28",
        "close": 23.280882,
        "volume": 13800,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-05",
        "close": 23.519316,
        "volume": 34700,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-12",
        "close": 24.167862,
        "volume": 49800,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-19",
        "close": 24.186937,
        "volume": 84500,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-26",
        "close": 24.368149,
        "volume": 13800,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-02",
        "close": 23.786364,
        "volume": 46900,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-09",
        "close": 23.900814,
        "volume": 30000,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-16",
        "close": 24.616121,
        "volume": 21000,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-23",
        "close": 24.988083,
        "volume": 11500,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-30",
        "close": 25.064384,
        "volume": 9700,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-06",
        "close": 24.65427,
        "volume": 24100,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-13",
        "close": 25.417265,
        "volume": 15200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-20",
        "close": 25.70339,
        "volume": 53100,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-27",
        "close": 25.928314,
        "volume": 7800,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-04",
        "close": 25.96674,
        "volume": 9400,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-11",
        "close": 26.42786,
        "volume": 5600,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-18",
        "close": 26.73527,
        "volume": 12100,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-25",
        "close": 26.341398,
        "volume": 13200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-01",
        "close": 26.110842,
        "volume": 29200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-08",
        "close": 26.677631,
        "volume": 16300,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-15",
        "close": 26.946617,
        "volume": 17500,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-22",
        "close": 27.513411,
        "volume": 10800,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-29",
        "close": 27.753574,
        "volume": 12300,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-06",
        "close": 27.825626,
        "volume": 15400,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-13",
        "close": 27.39813,
        "volume": 57700,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-20",
        "close": 26.677631,
        "volume": 41500,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-27",
        "close": 26.802517,
        "volume": 34900,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-03",
        "close": 27.160648,
        "volume": 8900,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-10",
        "close": 26.870577,
        "volume": 31400,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-17",
        "close": 27.286348,
        "volume": 22400,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-24",
        "close": 27.721464,
        "volume": 16500,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-31",
        "close": 28.001869,
        "volume": 32300,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-07",
        "close": 27.750471,
        "volume": 22600,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-14",
        "close": 27.818153,
        "volume": 16200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-21",
        "close": 27.499073,
        "volume": 75500,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-28",
        "close": 27.818153,
        "volume": 24700,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-07",
        "close": 27.131641,
        "volume": 48800,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-14",
        "close": 26.822229,
        "volume": 35700,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-21",
        "close": 27.276678,
        "volume": 8200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-28",
        "close": 27.063959,
        "volume": 10100,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-04",
        "close": 25.664772,
        "volume": 66100,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-11",
        "close": 25.830416,
        "volume": 70900,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-18",
        "close": 26.483238,
        "volume": 30100,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-25",
        "close": 27.126322,
        "volume": 23300,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-02",
        "close": 27.564785,
        "volume": 14000,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-09",
        "close": 27.788889,
        "volume": 29700,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-16",
        "close": 28.53915,
        "volume": 65900,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-23",
        "close": 28.354019,
        "volume": 40500,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-05-30",
        "close": 28.699921,
        "volume": 35700,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-06-06",
        "close": 28.899664,
        "volume": 41600,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-06-13",
        "close": 28.938639,
        "volume": 21300,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-06-20",
        "close": 28.919151,
        "volume": 48400,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-06-27",
        "close": 29.143253,
        "volume": 136200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-07-04",
        "close": 29.549551,
        "volume": 32000,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-07-11",
        "close": 29.510294,
        "volume": 36400,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-07-18",
        "close": 29.902847,
        "volume": 62700,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-07-25",
        "close": 30.079498,
        "volume": 88600,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-08-01",
        "close": 29.520107,
        "volume": 173100,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-08-08",
        "close": 30.344475,
        "volume": 209900,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-08-15",
        "close": 30.481867,
        "volume": 44700,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-08-22",
        "close": 30.952934,
        "volume": 49500,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-08-29",
        "close": 31.266975,
        "volume": 59600,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-09-05",
        "close": 31.718416,
        "volume": 40400,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-09-12",
        "close": 31.944134,
        "volume": 141600,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-09-19",
        "close": 32.503525,
        "volume": 278200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-09-26",
        "close": 32.395569,
        "volume": 97800,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-10-03",
        "close": 33.290565,
        "volume": 143700,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-10-10",
        "close": 32.475586,
        "volume": 157000,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-10-17",
        "close": 32.757126,
        "volume": 78800,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-10-24",
        "close": 33.112747,
        "volume": 117400,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-10-31",
        "close": 33.013962,
        "volume": 164600,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-11-07",
        "close": 32.65834,
        "volume": 153500,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-11-14",
        "close": 33.112747,
        "volume": 253400,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-11-21",
        "close": 33.053478,
        "volume": 134700,
        "typical_volume": 124280.0,
        "trend": 30.683074,
        "fair_value": 27.691104,
        "relative_strength": 0.35952,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.948686,
        "energy": 56.114745,
        "activity_lines": [
          32.988938,
          32.917178,
          32.37211,
          31.677155
        ]
      },
      {
        "date": "2025-11-28",
        "close": 34.179626,
        "volume": 100600,
        "typical_volume": 127490.0,
        "trend": 30.903568,
        "fair_value": 27.771209,
        "relative_strength": -0.274849,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.534318,
        "energy": 65.791838,
        "activity_lines": [
          33.385395,
          33.161225,
          32.607812,
          31.902739
        ]
      },
      {
        "date": "2025-12-05",
        "close": 34.159874,
        "volume": 87500,
        "typical_volume": 128730.0,
        "trend": 31.115935,
        "fair_value": 27.84912,
        "relative_strength": -0.11913,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.823565,
        "energy": 67.794924,
        "activity_lines": [
          33.704143,
          33.371207,
          32.819397,
          32.112823
        ]
      },
      {
        "date": "2025-12-12",
        "close": 34.387077,
        "volume": 145100,
        "typical_volume": 131555.0,
        "trend": 31.310866,
        "fair_value": 27.92789,
        "relative_strength": -0.15539,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.876703,
        "energy": 75.706247,
        "activity_lines": [
          34.022231,
          33.59042,
          33.03235,
          32.323865
        ]
      },
      {
        "date": "2025-12-19",
        "close": 34.653797,
        "volume": 190200,
        "typical_volume": 132410.0,
        "trend": 31.520858,
        "fair_value": 28.007961,
        "relative_strength": -0.116569,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.912375,
        "energy": 85.75071,
        "activity_lines": [
          34.313976,
          33.838191,
          33.250191,
          32.539538
        ]
      },
      {
        "date": "2025-12-26",
        "close": 34.841488,
        "volume": 83600,
        "typical_volume": 126095.0,
        "trend": 31.725577,
        "fair_value": 28.088355,
        "relative_strength": -0.35518,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.395996,
        "energy": 85.399907,
        "activity_lines": [
          34.565549,
          34.080484,
          33.461463,
          32.753772
        ]
      },
      {
        "date": "2026-01-02",
        "close": 34.778305,
        "volume": 79200,
        "typical_volume": 127820.0,
        "trend": 31.921532,
        "fair_value": 28.166145,
        "relative_strength": -0.186027,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.141515,
        "energy": 80.906895,
        "activity_lines": [
          34.67686,
          34.273391,
          33.645302,
          32.950722
        ]
      },
      {
        "date": "2026-01-09",
        "close": 35.503887,
        "volume": 168300,
        "typical_volume": 133760.0,
        "trend": 32.140373,
        "fair_value": 28.250487,
        "relative_strength": -0.389425,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.152348,
        "energy": 86.677309,
        "activity_lines": [
          34.990119,
          34.56794,
          33.877785,
          33.181842
        ]
      },
      {
        "date": "2026-01-16",
        "close": 35.812008,
        "volume": 117500,
        "typical_volume": 136655.0,
        "trend": 32.370135,
        "fair_value": 28.336413,
        "relative_strength": -0.817513,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.840886,
        "energy": 91.188399,
        "activity_lines": [
          35.316485,
          34.873239,
          34.117942,
          33.418722
        ]
      },
      {
        "date": "2026-01-23",
        "close": 35.593342,
        "volume": 174900,
        "typical_volume": 143380.0,
        "trend": 32.585138,
        "fair_value": 28.417952,
        "relative_strength": -1.708366,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.583905,
        "energy": 83.991079,
        "activity_lines": [
          35.474967,
          35.081442,
          34.315631,
          33.62667
        ]
      },
      {
        "date": "2026-01-30",
        "close": 34.539753,
        "volume": 309600,
        "typical_volume": 151780.0,
        "trend": 32.751478,
        "fair_value": 28.485972,
        "relative_strength": -0.942539,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.126034,
        "energy": 62.115403,
        "activity_lines": [
          35.219616,
          35.052981,
          34.394525,
          33.752775
        ]
      },
      {
        "date": "2026-02-06",
        "close": 35.106304,
        "volume": 289200,
        "typical_volume": 152330.0,
        "trend": 32.938012,
        "fair_value": 28.558723,
        "relative_strength": -0.998712,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.96888,
        "energy": 55.68005,
        "activity_lines": [
          35.173231,
          35.100506,
          34.515017,
          33.904699
        ]
      },
      {
        "date": "2026-02-13",
        "close": 35.652977,
        "volume": 350400,
        "typical_volume": 164960.0,
        "trend": 33.129683,
        "fair_value": 28.635834,
        "relative_strength": -1.265538,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.653829,
        "energy": 54.409647,
        "activity_lines": [
          35.287203,
          35.230577,
          34.675179,
          34.079858
        ]
      },
      {
        "date": "2026-02-20",
        "close": 36.487896,
        "volume": 335600,
        "typical_volume": 174555.0,
        "trend": 33.343296,
        "fair_value": 28.720265,
        "relative_strength": -1.150492,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.276777,
        "energy": 61.188985,
        "activity_lines": [
          35.669543,
          35.485305,
          34.899345,
          34.296517
        ]
      },
      {
        "date": "2026-02-27",
        "close": 36.805958,
        "volume": 225700,
        "typical_volume": 177990.0,
        "trend": 33.586158,
        "fair_value": 28.806283,
        "relative_strength": -1.765011,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.715233,
        "energy": 77.585999,
        "activity_lines": [
          36.112844,
          35.759666,
          35.138578,
          34.519914
        ]
      },
      {
        "date": "2026-03-06",
        "close": 35.762314,
        "volume": 595100,
        "typical_volume": 203805.0,
        "trend": 33.766753,
        "fair_value": 28.879504,
        "relative_strength": -0.899971,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.095687,
        "energy": 62.656075,
        "activity_lines": [
          36.127423,
          35.805142,
          35.257795,
          34.660312
        ]
      },
      {
        "date": "2026-03-13",
        "close": 35.324974,
        "volume": 471700,
        "typical_volume": 221520.0,
        "trend": 33.928189,
        "fair_value": 28.946645,
        "relative_strength": -0.470033,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.524891,
        "energy": 51.587424,
        "activity_lines": [
          35.914718,
          35.75436,
          35.32105,
          34.760842
        ]
      },
      {
        "date": "2026-03-20",
        "close": 34.201813,
        "volume": 155400,
        "typical_volume": 221060.0,
        "trend": 34.036485,
        "fair_value": 29.000822,
        "relative_strength": 0.13386,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 24.38224,
        "energy": 19.483556,
        "activity_lines": [
          35.313048,
          35.489428,
          35.266803,
          34.778495
        ]
      },
      {
        "date": "2026-03-27",
        "close": 34.847881,
        "volume": 221800,
        "typical_volume": 224475.0,
        "trend": 34.155849,
        "fair_value": 29.060486,
        "relative_strength": -0.023321,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 27.244783,
        "energy": 22.047116,
        "activity_lines": [
          35.023478,
          35.365637,
          35.26843,
          34.830843
        ]
      },
      {
        "date": "2026-04-03",
        "close": 35.990002,
        "volume": 201000,
        "typical_volume": 221855.0,
        "trend": 34.298235,
        "fair_value": 29.130481,
        "relative_strength": -0.291005,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 39.948359,
        "energy": 24.146751,
        "activity_lines": [
          35.223949,
          35.467033,
          35.368404,
          34.949176
        ]
      },
      {
        "date": "2026-04-10",
        "close": 36.639999,
        "volume": 445000,
        "typical_volume": 237370.0,
        "trend": 34.454764,
        "fair_value": 29.205576,
        "relative_strength": -0.246835,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.615459,
        "energy": 28.549987,
        "activity_lines": [
          35.695483,
          35.679399,
          35.516581,
          35.100257
        ]
      },
      {
        "date": "2026-04-17",
        "close": 37.400002,
        "volume": 399700,
        "typical_volume": 252325.0,
        "trend": 34.61798,
        "fair_value": 29.286709,
        "relative_strength": -0.096008,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.244012,
        "energy": 57.284512,
        "activity_lines": [
          36.361839,
          35.991761,
          35.720061,
          35.290273
        ]
      },
      {
        "date": "2026-04-24",
        "close": 37.009998,
        "volume": 130400,
        "typical_volume": 254470.0,
        "trend": 34.771794,
        "fair_value": 29.362427,
        "relative_strength": 0.162507,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.965732,
        "energy": 69.984419,
        "activity_lines": [
          36.759859,
          36.191509,
          35.871063,
          35.444596
        ]
      },
      {
        "date": "2026-05-01",
        "close": 36.893032,
        "volume": 252700,
        "typical_volume": 259850.0,
        "trend": 34.891876,
        "fair_value": 29.43554,
        "relative_strength": -0.093767,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.76824,
        "energy": 71.461502,
        "activity_lines": [
          36.931677,
          36.345318,
          35.997352,
          35.58145
        ]
      },
      {
        "date": "2026-05-08",
        "close": 36.863201,
        "volume": 210400,
        "typical_volume": 260860.0,
        "trend": 35.03813,
        "fair_value": 29.50696,
        "relative_strength": -0.696387,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.863627,
        "energy": 67.784471,
        "activity_lines": [
          36.957209,
          36.486337,
          36.108868,
          35.708633
        ]
      },
      {
        "date": "2026-05-15",
        "close": 36.674259,
        "volume": 270200,
        "typical_volume": 270190.0,
        "trend": 35.168701,
        "fair_value": 29.57522,
        "relative_strength": -0.465555,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.104496,
        "energy": 47.147345,
        "activity_lines": [
          36.861546,
          36.591962,
          36.191868,
          35.814189
        ]
      },
      {
        "date": "2026-05-22",
        "close": 37.599072,
        "volume": 201200,
        "typical_volume": 276290.0,
        "trend": 35.318246,
        "fair_value": 29.650917,
        "relative_strength": 0.164354,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.685349,
        "energy": 47.83735,
        "activity_lines": [
          37.071871,
          36.849154,
          36.354218,
          35.970987
        ]
      },
      {
        "date": "2026-05-29",
        "close": 37.678623,
        "volume": 265200,
        "typical_volume": 281135.0,
        "trend": 35.473734,
        "fair_value": 29.725942,
        "relative_strength": -0.46071,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.733578,
        "energy": 48.95222,
        "activity_lines": [
          37.295441,
          37.079462,
          36.510713,
          36.12327
        ]
      },
      {
        "date": "2026-06-05",
        "close": 37.698513,
        "volume": 62900,
        "typical_volume": 278405.0,
        "trend": 35.64174,
        "fair_value": 29.799762,
        "relative_strength": 0.617422,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.90219,
        "energy": 58.458845,
        "activity_lines": [
          37.481066,
          37.250173,
          36.658745,
          36.266804
        ]
      },
      {
        "date": "2026-06-12",
        "close": 38.295166,
        "volume": 93600,
        "typical_volume": 274340.0,
        "trend": 35.814487,
        "fair_value": 29.877701,
        "relative_strength": 0.66822,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.036675,
        "energy": 76.36292,
        "activity_lines": [
          37.811877,
          37.477535,
          36.854619,
          36.437993
        ]
      },
      {
        "date": "2026-06-19",
        "close": 38.215614,
        "volume": 27000,
        "typical_volume": 260210.0,
        "trend": 35.986559,
        "fair_value": 29.953501,
        "relative_strength": 0.367456,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.36043,
        "energy": 82.33501,
        "activity_lines": [
          38.020706,
          37.648522,
          37.03005,
          36.592904
        ]
      },
      {
        "date": "2026-06-26",
        "close": 38.513939,
        "volume": 30300,
        "typical_volume": 247265.0,
        "trend": 36.131036,
        "fair_value": 30.030622,
        "relative_strength": 1.102422,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.842069,
        "energy": 87.490699,
        "activity_lines": [
          38.22622,
          37.845102,
          37.216389,
          36.755961
        ]
      },
      {
        "date": "2026-07-03",
        "close": 38.700001,
        "volume": 34400,
        "typical_volume": 231465.0,
        "trend": 36.282373,
        "fair_value": 30.108027,
        "relative_strength": 0.81048,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.056942,
        "energy": 90.372595,
        "activity_lines": [
          38.432763,
          38.055259,
          37.404221,
          36.921701
        ]
      },
      {
        "date": "2026-07-10",
        "close": 39.029999,
        "volume": 300700,
        "typical_volume": 229720.0,
        "trend": 36.437137,
        "fair_value": 30.186982,
        "relative_strength": 1.478942,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.023994,
        "energy": 91.287006,
        "activity_lines": [
          38.681214,
          38.294687,
          37.608972,
          37.098967
        ]
      },
      {
        "date": "2026-07-17",
        "close": 39.119999,
        "volume": 167200,
        "typical_volume": 226795.0,
        "trend": 36.586011,
        "fair_value": 30.265342,
        "relative_strength": 1.80618,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.562503,
        "energy": 90.673778,
        "activity_lines": [
          38.870899,
          38.511625,
          37.810189,
          37.272055
        ]
      },
      {
        "date": "2026-07-24",
        "close": 39.060001,
        "volume": 216300,
        "typical_volume": 207855.0,
        "trend": 36.726628,
        "fair_value": 30.341817,
        "relative_strength": 1.329214,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.30265,
        "energy": 86.433246,
        "activity_lines": [
          38.985596,
          38.676622,
          37.994673,
          37.431667
        ]
      },
      {
        "date": "2026-07-31",
        "close": 39.09,
        "volume": 173700,
        "typical_volume": 192955.0,
        "trend": 36.870351,
        "fair_value": 30.417233,
        "relative_strength": 1.787848,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.472981,
        "energy": 77.051563,
        "activity_lines": [
          39.054,
          38.803696,
          38.166311,
          37.584143
        ]
      },
      {
        "date": "2026-08-07",
        "close": 40.110001,
        "volume": 83700,
        "typical_volume": 189370.0,
        "trend": 37.023888,
        "fair_value": 30.500077,
        "relative_strength": 1.111128,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.766218,
        "energy": 78.680432,
        "activity_lines": [
          39.424,
          39.089117,
          38.417163,
          37.793152
        ]
      }
    ],
    "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."
    }
  }
}