{
  "ticker": {
    "uuid": "c53141c3-2160-4c73-aeff-abaea230463a",
    "symbol": "CME",
    "name": "CME Group Inc.",
    "exchange": "MEX",
    "country": "MX",
    "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": "^MXX",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -45.389,
    "architecture_energy": 43.506,
    "architecture_maturity": 80.224,
    "architecture_confidence": 91.585,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 35.06,
        "rotation_up": 27.97,
        "upward_expansion": 22.5,
        "deceleration": 46.96,
        "rotation_down": 31.69,
        "downward_expansion": 67.83
      },
      "activity_lines": [
        4362.92793,
        4287.19574,
        4470.786263,
        4675.245799
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 4440.5,
    "trend_reference": 4881.307083,
    "distance_from_trend": -0.090305,
    "trend_direction": "Weakening",
    "fair_value": 4449.848355,
    "distance_from_fair_value": -0.002101,
    "fair_value_direction": "Weakening",
    "relative_strength": -11.77272,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.142564,
    "excess_performance": -0.087897,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.090305,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.047499,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.002101,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.114533,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.117727,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.029944,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.142564,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.160402,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 0,
      "relative_activity": 0.0,
      "balance": 0.160402,
      "dry_up": 0.013972,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.039001,
      "annualized_volatility": 0.336548,
      "from_high_reference": -0.215459,
      "from_low_reference": 0.150389
    },
    "levels": {
      "trend_reference": 4881.307083,
      "fair_value_reference": 4449.848355,
      "structural_low": 3860.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 25,
        "median_return": 0.000329,
        "positive_rate": 0.52,
        "directional_follow_through": 0.16,
        "median_excess_return": 0.009553,
        "regime_survival": 0.76,
        "best_return": 0.086595,
        "worst_return": -0.059042,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": 0.026065,
        "positive_rate": 0.8,
        "directional_follow_through": 0.2,
        "median_excess_return": 0.029069,
        "regime_survival": 0.4,
        "best_return": 0.208602,
        "worst_return": -0.091417,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.181897,
        "positive_rate": 0.8,
        "directional_follow_through": 0.2,
        "median_excess_return": 0.136045,
        "regime_survival": 0.2,
        "best_return": 0.241544,
        "worst_return": -0.070357,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.098742,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.074213,
        "regime_survival": 0.0,
        "best_return": 0.540825,
        "worst_return": -0.100816,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-21",
        "end": "2025-05-16",
        "tenure": "Established",
        "return": 0.064174,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-05-23",
        "end": "2025-06-06",
        "tenure": "New",
        "return": 0.008368,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-06-13",
        "end": "2025-06-20",
        "tenure": "New",
        "return": 0.014235,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-06-27",
        "end": "2025-08-15",
        "tenure": "Developing",
        "return": 0.00097,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-22",
        "end": "2025-08-22",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-08-29",
        "end": "2025-09-05",
        "tenure": "New",
        "return": 0.010094,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-09-12",
        "end": "2025-11-07",
        "tenure": "Developing",
        "return": 0.015671,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-11-14",
        "end": "2025-12-12",
        "tenure": "Developing",
        "return": -0.064488,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-12-19",
        "end": "2026-01-09",
        "tenure": "New",
        "return": 0.022551,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-16",
        "end": "2026-01-30",
        "tenure": "New",
        "return": 0.027624,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-02-06",
        "end": "2026-02-20",
        "tenure": "New",
        "return": 0.017232,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-02-27",
        "end": "2026-04-17",
        "tenure": "Developing",
        "return": -0.008079,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-04-24",
        "end": "2026-06-05",
        "tenure": "Developing",
        "return": -0.090487,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-06-12",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.012564,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 3269.55957,
        "volume": 0,
        "typical_volume": 39.05,
        "trend": 3308.892635,
        "fair_value": 3923.863552,
        "relative_strength": -10.785695,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.219644,
        "energy": 43.417733,
        "activity_lines": [
          3258.740657,
          3268.419016,
          3291.66425,
          3301.956193
        ]
      },
      {
        "date": "2023-08-25",
        "close": 3269.55957,
        "volume": 0,
        "typical_volume": 39.05,
        "trend": 3309.41866,
        "fair_value": 3921.469799,
        "relative_strength": -9.770571,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -42.726875,
        "energy": 31.174552,
        "activity_lines": [
          3269.55957,
          3265.848588,
          3288.145975,
          3299.418576
        ]
      },
      {
        "date": "2023-09-01",
        "close": 3269.55957,
        "volume": 0,
        "typical_volume": 39.05,
        "trend": 3309.944686,
        "fair_value": 3919.076045,
        "relative_strength": -8.579262,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -40.11438,
        "energy": 28.252209,
        "activity_lines": [
          3269.55957,
          3264.382368,
          3284.911686,
          3296.847021
        ]
      },
      {
        "date": "2023-09-08",
        "close": 3500.698975,
        "volume": 285,
        "typical_volume": 53.3,
        "trend": 3315.697933,
        "fair_value": 3919.442851,
        "relative_strength": 0.090529,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 46.866173,
        "energy": 42.80092,
        "activity_lines": [
          3346.606038,
          3306.045703,
          3303.974659,
          3309.15375
        ]
      },
      {
        "date": "2023-09-15",
        "close": 3500.698975,
        "volume": 0,
        "typical_volume": 53.3,
        "trend": 3321.45118,
        "fair_value": 3919.809657,
        "relative_strength": 3.369113,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 63.513816,
        "energy": 76.453283,
        "activity_lines": [
          3408.243213,
          3344.610711,
          3322.220954,
          3321.089301
        ]
      },
      {
        "date": "2023-09-22",
        "close": 3500.698975,
        "volume": 0,
        "typical_volume": 53.3,
        "trend": 3327.204427,
        "fair_value": 3919.165916,
        "relative_strength": 3.870092,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 85.612012,
        "energy": 94.573519,
        "activity_lines": [
          3454.471094,
          3380.077393,
          3339.650571,
          3332.653675
        ]
      },
      {
        "date": "2023-09-29",
        "close": 3500.698975,
        "volume": 0,
        "typical_volume": 53.3,
        "trend": 3332.957674,
        "fair_value": 3918.522175,
        "relative_strength": 6.730159,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.074541,
        "energy": 91.177428,
        "activity_lines": [
          3485.289681,
          3412.445748,
          3356.263509,
          3343.846871
        ]
      },
      {
        "date": "2023-10-06",
        "close": 3500.698975,
        "volume": 0,
        "typical_volume": 53.3,
        "trend": 3338.674422,
        "fair_value": 3917.878434,
        "relative_strength": 9.583004,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.131682,
        "energy": 88.229286,
        "activity_lines": [
          3500.698975,
          3437.660955,
          3372.059769,
          3354.668891
        ]
      },
      {
        "date": "2023-10-13",
        "close": 3934.767578,
        "volume": 260,
        "typical_volume": 66.3,
        "trend": 3358.860124,
        "fair_value": 3920.017184,
        "relative_strength": 23.853859,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 98.219887,
        "energy": 98.789915,
        "activity_lines": [
          3645.388509,
          3537.595193,
          3428.379218,
          3393.126514
        ]
      },
      {
        "date": "2023-10-20",
        "close": 3934.767578,
        "volume": 0,
        "typical_volume": 66.3,
        "trend": 3379.045825,
        "fair_value": 3922.155934,
        "relative_strength": 26.477243,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 98.014851,
        "energy": 99.283254,
        "activity_lines": [
          3761.140137,
          3625.434739,
          3481.814995,
          3430.281833
        ]
      },
      {
        "date": "2023-10-27",
        "close": 3934.767578,
        "volume": 0,
        "typical_volume": 66.3,
        "trend": 3399.231527,
        "fair_value": 3924.294684,
        "relative_strength": 24.400515,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 95.315485,
        "energy": 98.359962,
        "activity_lines": [
          3847.953857,
          3701.179594,
          3532.3671,
          3466.13485
        ]
      },
      {
        "date": "2023-11-03",
        "close": 3934.767578,
        "volume": 0,
        "typical_volume": 66.3,
        "trend": 3419.417228,
        "fair_value": 3926.433434,
        "relative_strength": 18.597671,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.843417,
        "energy": 93.64511,
        "activity_lines": [
          3905.829671,
          3764.829759,
          3580.040746,
          3500.685563
        ]
      },
      {
        "date": "2023-11-10",
        "close": 3803.526367,
        "volume": 118,
        "typical_volume": 72.2,
        "trend": 3435.228223,
        "fair_value": 3927.730895,
        "relative_strength": 14.481281,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.327371,
        "energy": 88.552438,
        "activity_lines": [
          3891.020508,
          3792.523193,
          3612.336769,
          3525.466797
        ]
      },
      {
        "date": "2023-11-17",
        "close": 3803.526367,
        "volume": 0,
        "typical_volume": 72.2,
        "trend": 3451.039217,
        "fair_value": 3929.028355,
        "relative_strength": 11.289979,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.252979,
        "energy": 68.37303,
        "activity_lines": [
          3856.022851,
          3810.508141,
          3642.37929,
          3549.227968
        ]
      },
      {
        "date": "2023-11-24",
        "close": 3803.526367,
        "volume": 0,
        "typical_volume": 72.2,
        "trend": 3466.850212,
        "fair_value": 3930.325815,
        "relative_strength": 10.674162,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.321353,
        "energy": 66.456296,
        "activity_lines": [
          3829.774609,
          3822.987136,
          3670.168309,
          3571.969074
        ]
      },
      {
        "date": "2023-12-01",
        "close": 3692.352295,
        "volume": 5,
        "typical_volume": 72.45,
        "trend": 3478.955404,
        "fair_value": 3930.910621,
        "relative_strength": 5.563366,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.863684,
        "energy": 48.07599,
        "activity_lines": [
          3775.217757,
          3809.746711,
          3685.11582,
          3586.517596
        ]
      },
      {
        "date": "2023-12-08",
        "close": 3821.911133,
        "volume": 192,
        "typical_volume": 62.4,
        "trend": 3495.379224,
        "fair_value": 3932.320535,
        "relative_strength": 8.302896,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 51.063633,
        "energy": 48.960008,
        "activity_lines": [
          3780.008203,
          3816.577832,
          3710.678167,
          3608.643772
        ]
      },
      {
        "date": "2023-12-15",
        "close": 3613.376709,
        "volume": 32,
        "typical_volume": 44.6,
        "trend": 3504.851896,
        "fair_value": 3932.393689,
        "relative_strength": -2.325989,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.432008,
        "energy": 34.771215,
        "activity_lines": [
          3722.810938,
          3779.653382,
          3712.977067,
          3616.256513
        ]
      },
      {
        "date": "2023-12-22",
        "close": 3613.376709,
        "volume": 0,
        "typical_volume": 44.6,
        "trend": 3514.324569,
        "fair_value": 3932.450958,
        "relative_strength": -2.484383,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 24.917526,
        "energy": 35.037056,
        "activity_lines": [
          3678.290316,
          3740.680247,
          3713.638743,
          3623.258114
        ]
      },
      {
        "date": "2023-12-29",
        "close": 3618.614502,
        "volume": 0,
        "typical_volume": 44.6,
        "trend": 3523.971834,
        "fair_value": 3932.541801,
        "relative_strength": -2.348343,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 6.680867,
        "energy": 25.832453,
        "activity_lines": [
          3648.192269,
          3708.502907,
          3713.162031,
          3629.986497
        ]
      },
      {
        "date": "2024-01-05",
        "close": 3618.614502,
        "volume": 0,
        "typical_volume": 44.6,
        "trend": 3533.582617,
        "fair_value": 3932.632645,
        "relative_strength": -0.3188,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -2.990418,
        "energy": 29.643781,
        "activity_lines": [
          3630.42168,
          3682.073806,
          3711.023154,
          3636.092475
        ]
      },
      {
        "date": "2024-01-12",
        "close": 3618.614502,
        "volume": 0,
        "typical_volume": 44.6,
        "trend": 3543.1934,
        "fair_value": 3932.723489,
        "relative_strength": 0.601071,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -7.51469,
        "energy": 42.929988,
        "activity_lines": [
          3617.566943,
          3661.392942,
          3707.22211,
          3641.578403
        ]
      },
      {
        "date": "2024-01-19",
        "close": 3454.871338,
        "volume": 209,
        "typical_volume": 55.05,
        "trend": 3547.346077,
        "fair_value": 3931.764697,
        "relative_strength": -3.739661,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "up",
        "direction": -39.72656,
        "energy": 72.813979,
        "activity_lines": [
          3563.684261,
          3616.688832,
          3686.164312,
          3635.880206
        ]
      },
      {
        "date": "2024-01-26",
        "close": 3454.871338,
        "volume": 0,
        "typical_volume": 40.8,
        "trend": 3551.498755,
        "fair_value": 3930.805905,
        "relative_strength": -6.154335,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -53.683092,
        "energy": 81.990468,
        "activity_lines": [
          3520.368604,
          3578.323904,
          3664.224078,
          3629.914093
        ]
      },
      {
        "date": "2024-02-02",
        "close": 3539.640869,
        "volume": 660,
        "typical_volume": 73.8,
        "trend": 3558.477083,
        "fair_value": 3930.390508,
        "relative_strength": -6.131882,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -29.719243,
        "energy": 71.643648,
        "activity_lines": [
          3515.876481,
          3561.7108,
          3650.575359,
          3629.149069
        ]
      },
      {
        "date": "2024-02-09",
        "close": 3539.640869,
        "volume": 0,
        "typical_volume": 73.8,
        "trend": 3565.455412,
        "fair_value": 3929.97511,
        "relative_strength": -4.612116,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -29.034999,
        "energy": 63.037,
        "activity_lines": [
          3516.649268,
          3549.895614,
          3636.741203,
          3627.933829
        ]
      },
      {
        "date": "2024-02-16",
        "close": 3539.640869,
        "volume": 0,
        "typical_volume": 73.8,
        "trend": 3579.867578,
        "fair_value": 3929.559713,
        "relative_strength": -4.288247,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -34.974473,
        "energy": 49.6417,
        "activity_lines": [
          3522.686963,
          3540.857,
          3622.721609,
          3626.268375
        ]
      },
      {
        "date": "2024-02-23",
        "close": 3539.640869,
        "volume": 0,
        "typical_volume": 73.8,
        "trend": 3588.870288,
        "fair_value": 3929.144315,
        "relative_strength": -3.470432,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -30.868009,
        "energy": 37.790833,
        "activity_lines": [
          3533.989567,
          3536.950573,
          3608.516577,
          3623.673103
        ]
      },
      {
        "date": "2024-03-01",
        "close": 3539.640869,
        "volume": 0,
        "typical_volume": 60.8,
        "trend": 3597.872998,
        "fair_value": 3928.728918,
        "relative_strength": -1.585267,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -20.155841,
        "energy": 35.231261,
        "activity_lines": [
          3539.640869,
          3534.384797,
          3594.126108,
          3620.497011
        ]
      },
      {
        "date": "2024-03-08",
        "close": 3693.447998,
        "volume": 50,
        "typical_volume": 63.3,
        "trend": 3612.002612,
        "fair_value": 3924.827186,
        "relative_strength": 3.684855,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": 18.825222,
        "energy": 26.178261,
        "activity_lines": [
          3590.909912,
          3561.124605,
          3596.265492,
          3626.663141
        ]
      },
      {
        "date": "2024-03-15",
        "close": 3622.573242,
        "volume": 5,
        "typical_volume": 63.55,
        "trend": 3623.769735,
        "fair_value": 3920.471129,
        "relative_strength": -0.651424,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 0.63335,
        "energy": 29.523994,
        "activity_lines": [
          3608.300228,
          3573.617485,
          3592.804041,
          3627.345117
        ]
      },
      {
        "date": "2024-03-22",
        "close": 3643.530273,
        "volume": 100,
        "typical_volume": 68.55,
        "trend": 3636.235425,
        "fair_value": 3916.249412,
        "relative_strength": -0.788676,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -6.424187,
        "energy": 31.442985,
        "activity_lines": [
          3627.147396,
          3589.848757,
          3592.825137,
          3628.61999
        ]
      },
      {
        "date": "2024-03-29",
        "close": 3537.567871,
        "volume": 513,
        "typical_volume": 88.3,
        "trend": 3645.169035,
        "fair_value": 3911.348448,
        "relative_strength": -4.944728,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -33.008618,
        "energy": 34.637388,
        "activity_lines": [
          3603.747803,
          3586.361124,
          3584.14142,
          3622.254341
        ]
      },
      {
        "date": "2024-04-05",
        "close": 3478.528809,
        "volume": 125,
        "typical_volume": 94.55,
        "trend": 3644.430029,
        "fair_value": 3906.069029,
        "relative_strength": -7.63073,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.756914,
        "energy": 44.222992,
        "activity_lines": [
          3560.806722,
          3570.635542,
          3571.101404,
          3611.503359
        ]
      },
      {
        "date": "2024-04-12",
        "close": 3478.528809,
        "volume": 0,
        "typical_volume": 94.55,
        "trend": 3643.691024,
        "fair_value": 3900.78961,
        "relative_strength": -5.148248,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.177905,
        "energy": 64.209884,
        "activity_lines": [
          3521.939779,
          3554.479825,
          3559.608996,
          3600.800055
        ]
      },
      {
        "date": "2024-04-19",
        "close": 3478.528809,
        "volume": 0,
        "typical_volume": 94.3,
        "trend": 3642.952018,
        "fair_value": 3895.510191,
        "relative_strength": -3.977741,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.656395,
        "energy": 91.08505,
        "activity_lines": [
          3497.400782,
          3539.435236,
          3549.664195,
          3590.144428
        ]
      },
      {
        "date": "2024-04-26",
        "close": 3574.122314,
        "volume": 7,
        "typical_volume": 85.05,
        "trend": 3645.399463,
        "fair_value": 3893.004003,
        "relative_strength": -4.740966,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.068205,
        "energy": 76.721706,
        "activity_lines": [
          3514.329248,
          3542.882413,
          3549.841745,
          3585.703802
        ]
      },
      {
        "date": "2024-05-03",
        "close": 3574.122314,
        "volume": 0,
        "typical_volume": 83.45,
        "trend": 3647.846908,
        "fair_value": 3889.919573,
        "relative_strength": -3.632103,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.133696,
        "energy": 54.787365,
        "activity_lines": [
          3535.884912,
          3545.702654,
          3551.199241,
          3581.105276
        ]
      },
      {
        "date": "2024-05-10",
        "close": 3494.735107,
        "volume": 55,
        "typical_volume": 86.2,
        "trend": 3633.179158,
        "fair_value": 3884.813931,
        "relative_strength": -6.722918,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.928991,
        "energy": 43.399844,
        "activity_lines": [
          3528.541211,
          3533.461923,
          3545.182976,
          3571.227095
        ]
      },
      {
        "date": "2024-05-17",
        "close": 3504.16626,
        "volume": 576,
        "typical_volume": 115.0,
        "trend": 3618.825781,
        "fair_value": 3880.588443,
        "relative_strength": -6.239165,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.368026,
        "energy": 32.685367,
        "activity_lines": [
          3523.260807,
          3523.752415,
          3540.629877,
          3562.903683
        ]
      },
      {
        "date": "2024-05-24",
        "close": 3597.624512,
        "volume": 65,
        "typical_volume": 118.25,
        "trend": 3607.587679,
        "fair_value": 3876.343714,
        "relative_strength": -0.066683,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -19.468558,
        "energy": 11.617819,
        "activity_lines": [
          3547.423991,
          3534.476802,
          3545.522555,
          3561.535859
        ]
      },
      {
        "date": "2024-05-31",
        "close": 3597.624512,
        "volume": 0,
        "typical_volume": 118.25,
        "trend": 3596.349577,
        "fair_value": 3872.241382,
        "relative_strength": 0.277983,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -13.189224,
        "energy": 8.394581,
        "activity_lines": [
          3563.647461,
          3545.654803,
          3550.515186,
          3560.893074
        ]
      },
      {
        "date": "2024-06-07",
        "close": 3518.915771,
        "volume": 524,
        "typical_volume": 134.0,
        "trend": 3586.862557,
        "fair_value": 3867.517394,
        "relative_strength": 2.0,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.604217,
        "energy": 19.226616,
        "activity_lines": [
          3552.067871,
          3543.356774,
          3548.111698,
          3555.897344
        ]
      },
      {
        "date": "2024-06-14",
        "close": 3518.915771,
        "volume": 0,
        "typical_volume": 134.0,
        "trend": 3577.375537,
        "fair_value": 3862.135159,
        "relative_strength": 3.270381,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.917216,
        "energy": 21.623012,
        "activity_lines": [
          3544.168717,
          3541.397874,
          3545.403237,
          3551.513681
        ]
      },
      {
        "date": "2024-06-21",
        "close": 3518.915771,
        "volume": 0,
        "typical_volume": 101.0,
        "trend": 3567.888517,
        "fair_value": 3856.752924,
        "relative_strength": 2.036834,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.79163,
        "energy": 25.553249,
        "activity_lines": [
          3534.657519,
          3538.704665,
          3542.389802,
          3547.742083
        ]
      },
      {
        "date": "2024-06-28",
        "close": 3453.398926,
        "volume": 468,
        "typical_volume": 124.4,
        "trend": 3559.923405,
        "fair_value": 3850.950709,
        "relative_strength": 0.694726,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.432373,
        "energy": 67.42226,
        "activity_lines": [
          3502.324072,
          3523.364995,
          3533.235358,
          3540.355658
        ]
      },
      {
        "date": "2024-07-05",
        "close": 3573.342285,
        "volume": 175,
        "typical_volume": 133.15,
        "trend": 3551.637777,
        "fair_value": 3845.917362,
        "relative_strength": 4.205661,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -33.99965,
        "energy": 33.947591,
        "activity_lines": [
          3519.586784,
          3530.290114,
          3535.914768,
          3541.221392
        ]
      },
      {
        "date": "2024-07-12",
        "close": 3573.342285,
        "volume": 0,
        "typical_volume": 133.15,
        "trend": 3550.303296,
        "fair_value": 3840.884015,
        "relative_strength": -0.852383,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -18.577374,
        "energy": 11.390991,
        "activity_lines": [
          3538.46831,
          3537.229417,
          3538.433695,
          3542.621683
        ]
      },
      {
        "date": "2024-07-19",
        "close": 3530.915527,
        "volume": 197,
        "typical_volume": 143.0,
        "trend": 3547.55459,
        "fair_value": 3835.578701,
        "relative_strength": 0.064408,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -33.04265,
        "energy": 13.619363,
        "activity_lines": [
          3539.57915,
          3536.468945,
          3536.751495,
          3541.370859
        ]
      },
      {
        "date": "2024-07-26",
        "close": 3704.416504,
        "volume": 176,
        "typical_volume": 149.3,
        "trend": 3550.414656,
        "fair_value": 3831.385573,
        "relative_strength": 6.357855,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.740891,
        "energy": 51.241809,
        "activity_lines": [
          3597.723665,
          3566.59628,
          3551.634747,
          3551.490982
        ]
      },
      {
        "date": "2024-08-02",
        "close": 3704.416504,
        "volume": 0,
        "typical_volume": 149.05,
        "trend": 3553.274723,
        "fair_value": 3827.192446,
        "relative_strength": 7.209305,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.981111,
        "energy": 79.629438,
        "activity_lines": [
          3643.501465,
          3593.082701,
          3566.465768,
          3561.426586
        ]
      },
      {
        "date": "2024-08-09",
        "close": 3704.416504,
        "volume": 0,
        "typical_volume": 144.05,
        "trend": 3556.13479,
        "fair_value": 3822.999318,
        "relative_strength": 5.316354,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.28225,
        "energy": 86.411852,
        "activity_lines": [
          3672.544759,
          3617.62745,
          3580.907059,
          3571.177668
        ]
      },
      {
        "date": "2024-08-16",
        "close": 3751.205811,
        "volume": 19,
        "typical_volume": 119.35,
        "trend": 3566.012606,
        "fair_value": 3819.106121,
        "relative_strength": 4.372117,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.579935,
        "energy": 93.610942,
        "activity_lines": [
          3708.446208,
          3648.737673,
          3599.51454,
          3583.762895
        ]
      },
      {
        "date": "2024-08-23",
        "close": 3751.205811,
        "volume": 0,
        "typical_volume": 113.1,
        "trend": 3575.890421,
        "fair_value": 3815.212925,
        "relative_strength": 5.265102,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.312882,
        "energy": 91.192669,
        "activity_lines": [
          3732.490088,
          3675.624441,
          3617.104698,
          3595.710844
        ]
      },
      {
        "date": "2024-08-30",
        "close": 4173.308594,
        "volume": 63,
        "typical_volume": 116.25,
        "trend": 3597.012679,
        "fair_value": 3816.44066,
        "relative_strength": 17.798037,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 99.535851,
        "energy": 99.34747,
        "activity_lines": [
          3882.548877,
          3775.033714,
          3673.596659,
          3634.253952
        ]
      },
      {
        "date": "2024-09-06",
        "close": 4173.308594,
        "volume": 0,
        "typical_volume": 116.25,
        "trend": 3618.134937,
        "fair_value": 3817.662671,
        "relative_strength": 21.493917,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 98.702481,
        "energy": 99.493214,
        "activity_lines": [
          4001.348194,
          3862.544935,
          3726.780144,
          3671.434334
        ]
      },
      {
        "date": "2024-09-13",
        "close": 4174.457031,
        "volume": 0,
        "typical_volume": 115.9,
        "trend": 3639.295475,
        "fair_value": 3818.892045,
        "relative_strength": 18.935694,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 92.176352,
        "energy": 97.246562,
        "activity_lines": [
          4089.27085,
          3937.175697,
          3776.76453,
          3707.326082
        ]
      },
      {
        "date": "2024-09-20",
        "close": 4144.999023,
        "volume": 31,
        "typical_volume": 117.45,
        "trend": 3659.47408,
        "fair_value": 3819.932584,
        "relative_strength": 17.313015,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.893411,
        "energy": 90.502945,
        "activity_lines": [
          4136.038135,
          3995.521098,
          3821.084654,
          3739.952117
        ]
      },
      {
        "date": "2024-09-27",
        "close": 4241.359863,
        "volume": 551,
        "typical_volume": 142.25,
        "trend": 3682.864714,
        "fair_value": 3821.590822,
        "relative_strength": 18.315333,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.819241,
        "energy": 95.015411,
        "activity_lines": [
          4188.672819,
          4060.992893,
          3871.86354,
          3777.493135
        ]
      },
      {
        "date": "2024-10-04",
        "close": 4318.748047,
        "volume": 800,
        "typical_volume": 153.45,
        "trend": 3703.708048,
        "fair_value": 3823.745138,
        "relative_strength": 20.463681,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 92.605995,
        "energy": 97.300476,
        "activity_lines": [
          4234.426627,
          4127.618097,
          3926.457374,
          3818.517866
        ]
      },
      {
        "date": "2024-10-11",
        "close": 4196.924805,
        "volume": 9,
        "typical_volume": 150.65,
        "trend": 3722.853101,
        "fair_value": 3825.118535,
        "relative_strength": 17.53043,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.554192,
        "energy": 68.764126,
        "activity_lines": [
          4229.876725,
          4160.923957,
          3965.570034,
          3850.338302
        ]
      },
      {
        "date": "2024-10-18",
        "close": 4196.924805,
        "volume": 0,
        "typical_volume": 150.65,
        "trend": 3741.299585,
        "fair_value": 3826.491933,
        "relative_strength": 16.207557,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.173592,
        "energy": 68.182757,
        "activity_lines": [
          4223.752409,
          4185.27512,
          4001.828882,
          3880.923574
        ]
      },
      {
        "date": "2024-10-25",
        "close": 4196.924805,
        "volume": 0,
        "typical_volume": 124.45,
        "trend": 3763.278149,
        "fair_value": 3827.86533,
        "relative_strength": 18.973562,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.790067,
        "energy": 67.591177,
        "activity_lines": [
          4216.130241,
          4200.671587,
          4035.233919,
          3910.318749
        ]
      },
      {
        "date": "2024-11-01",
        "close": 4558.401367,
        "volume": 661,
        "typical_volume": 157.5,
        "trend": 3799.273901,
        "fair_value": 3831.555885,
        "relative_strength": 31.692316,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 94.754886,
        "energy": 77.162011,
        "activity_lines": [
          4325.538542,
          4273.687083,
          4099.836682,
          3961.617021
        ]
      },
      {
        "date": "2024-11-08",
        "close": 4526.02832,
        "volume": 166,
        "typical_volume": 165.8,
        "trend": 3834.190552,
        "fair_value": 3835.03892,
        "relative_strength": 27.20461,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.011488,
        "energy": 76.052185,
        "activity_lines": [
          4403.019727,
          4326.140288,
          4156.406365,
          4008.504403
        ]
      },
      {
        "date": "2024-11-15",
        "close": 4608.438477,
        "volume": 92,
        "typical_volume": 147.0,
        "trend": 3871.854207,
        "fair_value": 3839.050226,
        "relative_strength": 32.342461,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.903501,
        "energy": 77.272842,
        "activity_lines": [
          4494.152279,
          4387.164071,
          4216.028861,
          4058.455882
        ]
      },
      {
        "date": "2024-11-22",
        "close": 4642.279297,
        "volume": 52,
        "typical_volume": 140.85,
        "trend": 3907.45944,
        "fair_value": 3843.27846,
        "relative_strength": 32.671208,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.034747,
        "energy": 74.349515,
        "activity_lines": [
          4569.130859,
          4446.429279,
          4273.374104,
          4108.160726
        ]
      },
      {
        "date": "2024-11-29",
        "close": 4642.279297,
        "volume": 0,
        "typical_volume": 140.85,
        "trend": 3943.064673,
        "fair_value": 3847.506694,
        "relative_strength": 33.402546,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.044167,
        "energy": 92.659572,
        "activity_lines": [
          4614.419141,
          4497.188628,
          4325.62917,
          4155.568459
        ]
      },
      {
        "date": "2024-12-06",
        "close": 4866.963867,
        "volume": 758,
        "typical_volume": 168.9,
        "trend": 3988.805632,
        "fair_value": 3853.169488,
        "relative_strength": 34.765574,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 97.739729,
        "energy": 99.144932,
        "activity_lines": [
          4704.911979,
          4579.758256,
          4394.192591,
          4215.174859
        ]
      },
      {
        "date": "2024-12-13",
        "close": 4772.219727,
        "volume": 517,
        "typical_volume": 185.95,
        "trend": 4031.07408,
        "fair_value": 3858.224949,
        "relative_strength": 30.407274,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.787785,
        "energy": 90.107757,
        "activity_lines": [
          4743.252604,
          4633.72706,
          4447.370625,
          4265.717704
        ]
      },
      {
        "date": "2024-12-20",
        "close": 4772.219727,
        "volume": 0,
        "typical_volume": 185.95,
        "trend": 4070.227254,
        "fair_value": 3863.28041,
        "relative_strength": 34.54378,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.93719,
        "energy": 83.422997,
        "activity_lines": [
          4765.180469,
          4679.450923,
          4495.463882,
          4313.533552
        ]
      },
      {
        "date": "2024-12-27",
        "close": 4772.219727,
        "volume": 0,
        "typical_volume": 185.95,
        "trend": 4109.380428,
        "fair_value": 3868.315187,
        "relative_strength": 34.133289,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.614513,
        "energy": 68.909639,
        "activity_lines": [
          4776.189584,
          4714.714879,
          4538.472362,
          4358.823389
        ]
      },
      {
        "date": "2025-01-03",
        "close": 4772.219727,
        "volume": 0,
        "typical_volume": 185.0,
        "trend": 4151.157227,
        "fair_value": 3873.349965,
        "relative_strength": 33.866726,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.176068,
        "energy": 68.187812,
        "activity_lines": [
          4778.536003,
          4739.518928,
          4576.396065,
          4401.587215
        ]
      },
      {
        "date": "2025-01-10",
        "close": 4726.923828,
        "volume": 436,
        "typical_volume": 206.8,
        "trend": 4191.424162,
        "fair_value": 3878.094384,
        "relative_strength": 29.849763,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.621219,
        "energy": 67.186383,
        "activity_lines": [
          4757.121094,
          4745.627451,
          4605.143901,
          4438.733447
        ]
      },
      {
        "date": "2025-01-17",
        "close": 4667.256348,
        "volume": 435,
        "typical_volume": 225.4,
        "trend": 4229.702181,
        "fair_value": 3882.456319,
        "relative_strength": 26.296228,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 53.720011,
        "energy": 59.842753,
        "activity_lines": [
          4725.153028,
          4737.823296,
          4623.562844,
          4469.432298
        ]
      },
      {
        "date": "2025-01-24",
        "close": 4667.256348,
        "volume": 0,
        "typical_volume": 225.4,
        "trend": 4270.164095,
        "fair_value": 3886.818255,
        "relative_strength": 21.859365,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 49.531717,
        "energy": 52.713069,
        "activity_lines": [
          4700.18252,
          4727.451359,
          4639.629655,
          4497.661599
        ]
      },
      {
        "date": "2025-01-31",
        "close": 4667.256348,
        "volume": 0,
        "typical_volume": 225.4,
        "trend": 4306.627897,
        "fair_value": 3891.18019,
        "relative_strength": 21.261997,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 46.480323,
        "energy": 47.829161,
        "activity_lines": [
          4682.209571,
          4716.010006,
          4653.344334,
          4523.280454
        ]
      },
      {
        "date": "2025-02-07",
        "close": 4924.034668,
        "volume": 295,
        "typical_volume": 238.6,
        "trend": 4351.650977,
        "fair_value": 3897.18814,
        "relative_strength": 23.046908,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 89.426462,
        "energy": 70.366833,
        "activity_lines": [
          4756.826953,
          4750.801492,
          4689.167427,
          4563.113149
        ]
      },
      {
        "date": "2025-02-14",
        "close": 4924.034668,
        "volume": 0,
        "typical_volume": 211.05,
        "trend": 4398.088281,
        "fair_value": 3903.19609,
        "relative_strength": 19.298388,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 90.802593,
        "energy": 83.864512,
        "activity_lines": [
          4821.32334,
          4780.470153,
          4721.280827,
          4600.041129
        ]
      },
      {
        "date": "2025-02-21",
        "close": 4924.034668,
        "volume": 0,
        "typical_volume": 171.05,
        "trend": 4438.74222,
        "fair_value": 3909.204041,
        "relative_strength": 19.175862,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.812471,
        "energy": 94.244949,
        "activity_lines": [
          4872.679004,
          4809.101163,
          4750.143394,
          4633.973154
        ]
      },
      {
        "date": "2025-02-28",
        "close": 5168.73877,
        "volume": 175,
        "typical_volume": 179.35,
        "trend": 4487.552962,
        "fair_value": 3916.780607,
        "relative_strength": 27.360242,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 96.107688,
        "energy": 83.336148,
        "activity_lines": [
          4988.484147,
          4879.463557,
          4799.428797,
          4681.069705
        ]
      },
      {
        "date": "2025-03-07",
        "close": 5169.987305,
        "volume": 0,
        "typical_volume": 179.35,
        "trend": 4536.405322,
        "fair_value": 3924.358812,
        "relative_strength": 25.20177,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 95.401992,
        "energy": 98.384081,
        "activity_lines": [
          5071.273308,
          4942.843519,
          4844.205422,
          4725.097727
        ]
      },
      {
        "date": "2025-03-14",
        "close": 5242.497559,
        "volume": 214,
        "typical_volume": 190.05,
        "trend": 4586.115047,
        "fair_value": 3932.401826,
        "relative_strength": 26.71161,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 96.829657,
        "energy": 98.887829,
        "activity_lines": [
          5144.717155,
          5012.175027,
          4891.254155,
          4770.652065
        ]
      },
      {
        "date": "2025-03-21",
        "close": 5358.804199,
        "volume": 160,
        "typical_volume": 165.0,
        "trend": 4639.70166,
        "fair_value": 3941.190395,
        "relative_strength": 27.893949,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 97.502445,
        "energy": 99.120896,
        "activity_lines": [
          5235.699024,
          5094.10269,
          4944.400793,
          4820.502978
        ]
      },
      {
        "date": "2025-03-28",
        "close": 5358.804199,
        "volume": 0,
        "typical_volume": 156.7,
        "trend": 4679.21818,
        "fair_value": 3944.765854,
        "relative_strength": 25.503192,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 89.55524,
        "energy": 96.339362,
        "activity_lines": [
          5297.696257,
          5164.541619,
          4993.735989,
          4866.89669
        ]
      },
      {
        "date": "2025-04-04",
        "close": 5359.803711,
        "volume": 106,
        "typical_volume": 157.4,
        "trend": 4718.768018,
        "fair_value": 3948.347719,
        "relative_strength": 28.361874,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.224609,
        "energy": 82.042519,
        "activity_lines": [
          5331.042025,
          5222.588681,
          5039.200777,
          4910.805434
        ]
      },
      {
        "date": "2025-04-11",
        "close": 5336.286133,
        "volume": 8067,
        "typical_volume": 558.15,
        "trend": 4757.495654,
        "fair_value": 3951.778831,
        "relative_strength": 26.422115,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.655849,
        "energy": 69.007521,
        "activity_lines": [
          5343.810938,
          5263.768049,
          5078.847866,
          4950.645313
        ]
      },
      {
        "date": "2025-04-18",
        "close": 5306.395508,
        "volume": 224,
        "typical_volume": 569.35,
        "trend": 4796.208871,
        "fair_value": 3955.018336,
        "relative_strength": 21.036702,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.296711,
        "energy": 68.478091,
        "activity_lines": [
          5335.52972,
          5287.34858,
          5112.343434,
          4986.058206
        ]
      },
      {
        "date": "2025-04-25",
        "close": 5306.395508,
        "volume": 0,
        "typical_volume": 531.45,
        "trend": 4831.710059,
        "fair_value": 3958.257841,
        "relative_strength": 12.308472,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.807878,
        "energy": 67.6345,
        "activity_lines": [
          5322.988639,
          5303.977095,
          5142.676544,
          5018.973473
        ]
      },
      {
        "date": "2025-05-02",
        "close": 5306.395508,
        "volume": 0,
        "typical_volume": 505.6,
        "trend": 4864.631641,
        "fair_value": 3961.497346,
        "relative_strength": 13.28536,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.004953,
        "energy": 66.03039,
        "activity_lines": [
          5313.941472,
          5313.653596,
          5170.917123,
          5049.598341
        ]
      },
      {
        "date": "2025-05-09",
        "close": 5306.395508,
        "volume": 0,
        "typical_volume": 505.6,
        "trend": 4901.613998,
        "fair_value": 3964.736851,
        "relative_strength": 10.958317,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 53.91857,
        "energy": 63.008,
        "activity_lines": [
          5308.388216,
          5316.378081,
          5196.614007,
          5078.099236
        ]
      },
      {
        "date": "2025-05-16",
        "close": 5240.029785,
        "volume": 317,
        "typical_volume": 521.45,
        "trend": 4936.384164,
        "fair_value": 3967.550935,
        "relative_strength": 6.144908,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 51.127556,
        "energy": 59.01255,
        "activity_lines": [
          5284.2736,
          5304.533221,
          5213.446652,
          5099.932512
        ]
      },
      {
        "date": "2025-05-23",
        "close": 5240.029785,
        "volume": 0,
        "typical_volume": 521.45,
        "trend": 4971.15433,
        "fair_value": 3970.365018,
        "relative_strength": 4.78908,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 48.90791,
        "energy": 53.717903,
        "activity_lines": [
          5266.576074,
          5291.414862,
          5228.05163,
          5119.522552
        ]
      },
      {
        "date": "2025-05-30",
        "close": 5469.207031,
        "volume": 600,
        "typical_volume": 529.65,
        "trend": 5001.514518,
        "fair_value": 3974.648187,
        "relative_strength": 9.723887,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 91.879712,
        "energy": 74.847492,
        "activity_lines": [
          5329.695345,
          5320.009961,
          5262.255346,
          5151.654985
        ]
      },
      {
        "date": "2025-06-06",
        "close": 5283.877441,
        "volume": 4143,
        "typical_volume": 715.05,
        "trend": 5026.776156,
        "fair_value": 3977.736979,
        "relative_strength": 5.028478,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 58.918873,
        "energy": 57.74921,
        "activity_lines": [
          5320.183984,
          5312.901447,
          5275.273942,
          5169.871948
        ]
      },
      {
        "date": "2025-06-13",
        "close": 5054.29541,
        "volume": 113,
        "typical_volume": 720.7,
        "trend": 5041.638053,
        "fair_value": 3979.354092,
        "relative_strength": 1.091973,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "up",
        "direction": 10.300707,
        "energy": 17.8804,
        "activity_lines": [
          5235.646484,
          5265.41305,
          5263.491292,
          5171.647383
        ]
      },
      {
        "date": "2025-06-20",
        "close": 5126.242676,
        "volume": 352,
        "typical_volume": 738.3,
        "trend": 5057.770166,
        "fair_value": 3981.432404,
        "relative_strength": 4.107825,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "up",
        "direction": -1.5355,
        "energy": 14.684954,
        "activity_lines": [
          5191.898079,
          5236.560671,
          5256.71772,
          5177.105746
        ]
      },
      {
        "date": "2025-06-27",
        "close": 5158.219238,
        "volume": 379,
        "typical_volume": 742.5,
        "trend": 5074.968164,
        "fair_value": 3983.715695,
        "relative_strength": 2.161126,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -2.165638,
        "energy": 29.655317,
        "activity_lines": [
          5166.394336,
          5217.341184,
          5250.803885,
          5183.586331
        ]
      },
      {
        "date": "2025-07-04",
        "close": 5158.219238,
        "volume": 0,
        "typical_volume": 742.5,
        "trend": 5084.676677,
        "fair_value": 3985.998986,
        "relative_strength": 0.672842,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -3.77693,
        "energy": 34.23879,
        "activity_lines": [
          5146.344629,
          5200.815811,
          5243.774886,
          5188.957368
        ]
      },
      {
        "date": "2025-07-11",
        "close": 5148.226563,
        "volume": 327,
        "typical_volume": 758.85,
        "trend": 5097.210238,
        "fair_value": 3988.218221,
        "relative_strength": 2.357363,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -2.72464,
        "energy": 26.388452,
        "activity_lines": [
          5143.69655,
          5185.167702,
          5234.679039,
          5193.057361
        ]
      },
      {
        "date": "2025-07-18",
        "close": 5148.226563,
        "volume": 0,
        "typical_volume": 750.1,
        "trend": 5109.743799,
        "fair_value": 3990.437456,
        "relative_strength": 2.370339,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -2.882789,
        "energy": 20.805629,
        "activity_lines": [
          5150.091862,
          5172.395392,
          5224.515611,
          5196.348737
        ]
      },
      {
        "date": "2025-07-25",
        "close": 5113.251953,
        "volume": 241,
        "typical_volume": 762.15,
        "trend": 5121.11154,
        "fair_value": 3992.432495,
        "relative_strength": -0.594829,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -10.333489,
        "energy": 22.33491,
        "activity_lines": [
          5138.566895,
          5156.139862,
          5211.118945,
          5196.575069
        ]
      },
      {
        "date": "2025-08-01",
        "close": 5268.138672,
        "volume": 8937,
        "typical_volume": 1198.3,
        "trend": 5137.642171,
        "fair_value": 3995.420398,
        "relative_strength": 2.700661,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.290795,
        "energy": 16.066668,
        "activity_lines": [
          5179.536882,
          5170.350604,
          5212.743564,
          5206.060691
        ]
      },
      {
        "date": "2025-08-08",
        "close": 5259.64502,
        "volume": 751,
        "typical_volume": 1227.85,
        "trend": 5155.399544,
        "fair_value": 3998.353854,
        "relative_strength": 0.026331,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 28.521242,
        "energy": 18.102908,
        "activity_lines": [
          5210.347689,
          5182.505975,
          5213.437163,
          5213.931842
        ]
      },
      {
        "date": "2025-08-15",
        "close": 5163.225098,
        "volume": 24064,
        "typical_volume": 2431.05,
        "trend": 5171.931836,
        "fair_value": 4000.669233,
        "relative_strength": -2.625288,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 11.008505,
        "energy": 11.676098,
        "activity_lines": [
          5202.256804,
          5180.94067,
          5205.420099,
          5214.436717
        ]
      },
      {
        "date": "2025-08-22",
        "close": 5196.191406,
        "volume": 35,
        "typical_volume": 2427.5,
        "trend": 5189.563005,
        "fair_value": 4003.195935,
        "relative_strength": -3.859071,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 0.143696,
        "energy": 10.645252,
        "activity_lines": [
          5204.154785,
          5187.562917,
          5201.474012,
          5216.00185
        ]
      },
      {
        "date": "2025-08-29",
        "close": 4969.35791,
        "volume": 627,
        "typical_volume": 2055.5,
        "trend": 5199.633057,
        "fair_value": 4004.268577,
        "relative_strength": -7.359623,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "mixed",
        "direction": -48.537092,
        "energy": 43.411114,
        "activity_lines": [
          5127.243945,
          5150.362784,
          5176.703841,
          5201.79507
        ]
      },
      {
        "date": "2025-09-05",
        "close": 5019.520996,
        "volume": 290,
        "typical_volume": 2058.8,
        "trend": 5202.815934,
        "fair_value": 4005.656403,
        "relative_strength": -9.189274,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -73.993485,
        "energy": 77.499653,
        "activity_lines": [
          5076.64707,
          5125.135662,
          5158.458385,
          5190.174937
        ]
      },
      {
        "date": "2025-09-12",
        "close": 4797.678223,
        "volume": 35,
        "typical_volume": 2060.55,
        "trend": 5198.604053,
        "fair_value": 4005.622161,
        "relative_strength": -15.008721,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -93.276073,
        "energy": 96.496454,
        "activity_lines": [
          4968.677116,
          5062.095277,
          5120.451114,
          5164.03702
        ]
      },
      {
        "date": "2025-09-19",
        "close": 4810.172363,
        "volume": 110,
        "typical_volume": 2066.05,
        "trend": 5194.808643,
        "fair_value": 4005.668009,
        "relative_strength": -13.938903,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -90.377162,
        "energy": 96.437934,
        "activity_lines": [
          4895.669661,
          5007.881845,
          5086.056224,
          5138.976911
        ]
      },
      {
        "date": "2025-09-26",
        "close": 4777.687988,
        "volume": 10,
        "typical_volume": 2066.55,
        "trend": 5181.773617,
        "fair_value": 4005.505625,
        "relative_strength": -15.973379,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -85.219203,
        "energy": 94.665509,
        "activity_lines": [
          4835.370931,
          4953.908603,
          5050.930552,
          5112.065901
        ]
      },
      {
        "date": "2025-10-03",
        "close": 4881.637207,
        "volume": 3491,
        "typical_volume": 2225.25,
        "trend": 5172.161947,
        "fair_value": 4013.842044,
        "relative_strength": -13.637622,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.376039,
        "energy": 88.513882,
        "activity_lines": [
          4837.622168,
          4925.572283,
          5028.222461,
          5092.702262
        ]
      },
      {
        "date": "2025-10-10",
        "close": 4817.668945,
        "volume": 2056,
        "typical_volume": 2328.05,
        "trend": 5158.000993,
        "fair_value": 4021.768411,
        "relative_strength": -12.767146,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.14321,
        "energy": 85.262951,
        "activity_lines": [
          4824.398698,
          4889.816548,
          5001.128785,
          5069.831746
        ]
      },
      {
        "date": "2025-10-17",
        "close": 4817.668945,
        "volume": 0,
        "typical_volume": 2298.05,
        "trend": 5139.963151,
        "fair_value": 4029.694777,
        "relative_strength": -14.406982,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.617143,
        "energy": 67.271646,
        "activity_lines": [
          4824.632031,
          4862.251172,
          4976.046352,
          5047.874839
        ]
      },
      {
        "date": "2025-10-24",
        "close": 4957.601074,
        "volume": 7,
        "typical_volume": 2091.25,
        "trend": 5126.589714,
        "fair_value": 4038.518145,
        "relative_strength": -11.059457,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.151273,
        "energy": 50.692531,
        "activity_lines": [
          4870.176692,
          4868.163929,
          4967.39335,
          5036.109544
        ]
      },
      {
        "date": "2025-10-31",
        "close": 4872.862305,
        "volume": 402,
        "typical_volume": 2105.7,
        "trend": 5110.358333,
        "fair_value": 4046.798315,
        "relative_strength": -14.617419,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.901111,
        "energy": 48.285916,
        "activity_lines": [
          4877.646517,
          4862.408256,
          4952.223686,
          5019.740034
        ]
      },
      {
        "date": "2025-11-07",
        "close": 4872.862305,
        "volume": 0,
        "typical_volume": 2088.1,
        "trend": 5094.910872,
        "fair_value": 4055.078485,
        "relative_strength": -15.2485,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.974744,
        "energy": 41.091874,
        "activity_lines": [
          4878.771387,
          4862.531294,
          4937.91799,
          5004.417709
        ]
      },
      {
        "date": "2025-11-14",
        "close": 5255.956543,
        "volume": 38,
        "typical_volume": 2071.05,
        "trend": 5093.229574,
        "fair_value": 4065.814387,
        "relative_strength": -6.911363,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "down",
        "direction": 4.012947,
        "energy": 22.120539,
        "activity_lines": [
          5008.17933,
          4934.062296,
          4961.304032,
          5014.807753
        ]
      },
      {
        "date": "2025-11-21",
        "close": 5255.956543,
        "volume": 0,
        "typical_volume": 2071.05,
        "trend": 5091.548275,
        "fair_value": 4076.55029,
        "relative_strength": -6.090544,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 44.163392,
        "energy": 46.906943,
        "activity_lines": [
          5108.368099,
          5001.294469,
          4984.224658,
          5025.306267
        ]
      },
      {
        "date": "2025-11-28",
        "close": 5147.508789,
        "volume": 8,
        "typical_volume": 2055.1,
        "trend": 5086.252051,
        "fair_value": 4086.591014,
        "relative_strength": -10.281147,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 27.676263,
        "energy": 47.235407,
        "activity_lines": [
          5143.188444,
          5040.476536,
          4996.351511,
          5028.916623
        ]
      },
      {
        "date": "2025-12-05",
        "close": 5147.508789,
        "volume": 0,
        "typical_volume": 2055.1,
        "trend": 5080.955827,
        "fair_value": 4096.625368,
        "relative_strength": -9.71081,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 28.226313,
        "energy": 51.905359,
        "activity_lines": [
          5165.348275,
          5073.525213,
          5008.481782,
          5032.86867
        ]
      },
      {
        "date": "2025-12-12",
        "close": 4917.010742,
        "volume": 1261,
        "typical_volume": 2106.1,
        "trend": 5070.188525,
        "fair_value": 4105.978375,
        "relative_strength": -15.23303,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 2.38224,
        "energy": 38.675723,
        "activity_lines": [
          5092.365657,
          5057.94114,
          4998.663277,
          5022.291568
        ]
      },
      {
        "date": "2025-12-19",
        "close": 4836.88916,
        "volume": 536,
        "typical_volume": 1686.05,
        "trend": 5056.750505,
        "fair_value": 4114.817782,
        "relative_strength": -15.268072,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -52.855993,
        "energy": 31.629585,
        "activity_lines": [
          4989.732617,
          5027.146351,
          4982.148626,
          5007.239996
        ]
      },
      {
        "date": "2025-12-26",
        "close": 4945.963867,
        "volume": 1145,
        "typical_volume": 1705.75,
        "trend": 5039.309066,
        "fair_value": 4125.665122,
        "relative_strength": -15.16859,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -38.731082,
        "energy": 36.113461,
        "activity_lines": [
          4951.395638,
          5015.833869,
          4978.075611,
          5000.092471
        ]
      },
      {
        "date": "2026-01-02",
        "close": 4945.963867,
        "volume": 0,
        "typical_volume": 502.55,
        "trend": 5028.04528,
        "fair_value": 4136.512462,
        "relative_strength": -12.806885,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -43.238234,
        "energy": 43.197526,
        "activity_lines": [
          4933.724837,
          5002.188752,
          4975.496317,
          4994.0702
        ]
      },
      {
        "date": "2026-01-09",
        "close": 4945.963867,
        "volume": 0,
        "typical_volume": 500.8,
        "trend": 5024.434229,
        "fair_value": 4147.359802,
        "relative_strength": -14.964719,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -44.892915,
        "energy": 41.291918,
        "activity_lines": [
          4929.490364,
          4988.75522,
          4973.9516,
          4988.774625
        ]
      },
      {
        "date": "2026-01-16",
        "close": 4842.097656,
        "volume": 8397,
        "typical_volume": 889.3,
        "trend": 5014.962728,
        "fair_value": 4157.541333,
        "relative_strength": -17.704171,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.417897,
        "energy": 57.744942,
        "activity_lines": [
          4904.07015,
          4955.107803,
          4963.706422,
          4977.010975
        ]
      },
      {
        "date": "2026-01-23",
        "close": 4958.130859,
        "volume": 13,
        "typical_volume": 875.45,
        "trend": 5008.293115,
        "fair_value": 4168.466667,
        "relative_strength": -16.702352,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -51.968053,
        "energy": 34.144168,
        "activity_lines": [
          4922.321875,
          4943.11669,
          4965.118027,
          4973.344403
        ]
      },
      {
        "date": "2026-01-30",
        "close": 4975.856934,
        "volume": 7,
        "typical_volume": 874.05,
        "trend": 5002.214372,
        "fair_value": 4179.505629,
        "relative_strength": -15.340255,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -45.698836,
        "energy": 26.864665,
        "activity_lines": [
          4938.399512,
          4939.763512,
          4968.510163,
          4971.251746
        ]
      },
      {
        "date": "2026-02-06",
        "close": 5178.810547,
        "volume": 4943,
        "typical_volume": 1115.7,
        "trend": 5003.233838,
        "fair_value": 4191.369148,
        "relative_strength": -15.506914,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 32.404222,
        "energy": 21.623769,
        "activity_lines": [
          5020.135482,
          4978.403711,
          4990.382745,
          4982.645048
        ]
      },
      {
        "date": "2026-02-13",
        "close": 5261.401367,
        "volume": 44469,
        "typical_volume": 3338.65,
        "trend": 5007.006331,
        "fair_value": 4203.762096,
        "relative_strength": -14.632251,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 60.393837,
        "energy": 73.842414,
        "activity_lines": [
          5113.878613,
          5031.4913,
          5018.365699,
          4999.301017
        ]
      },
      {
        "date": "2026-02-20",
        "close": 5268.049805,
        "volume": 5114,
        "typical_volume": 3419.8,
        "trend": 5012.16626,
        "fair_value": 4216.197662,
        "relative_strength": -14.131289,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 82.84178,
        "energy": 89.922583,
        "activity_lines": [
          5188.808724,
          5083.716921,
          5044.678441,
          5016.142532
        ]
      },
      {
        "date": "2026-02-27",
        "close": 5268.049805,
        "volume": 0,
        "typical_volume": 3317.0,
        "trend": 5012.163297,
        "fair_value": 4228.633227,
        "relative_strength": -13.610591,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.676387,
        "energy": 91.820684,
        "activity_lines": [
          5235.342025,
          5129.560014,
          5069.151123,
          5032.651148
        ]
      },
      {
        "date": "2026-03-06",
        "close": 5658.700195,
        "volume": 3895,
        "typical_volume": 3511.75,
        "trend": 5025.465137,
        "fair_value": 4243.565943,
        "relative_strength": -1.256612,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 98.503857,
        "energy": 99.06229,
        "activity_lines": [
          5391.430859,
          5238.591167,
          5128.683933,
          5074.363206
        ]
      },
      {
        "date": "2026-03-13",
        "close": 5619.399902,
        "volume": 2031,
        "typical_volume": 3612.95,
        "trend": 5040.670963,
        "fair_value": 4258.246734,
        "relative_strength": 0.869534,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 91.698467,
        "energy": 96.766524,
        "activity_lines": [
          5488.896712,
          5327.517969,
          5180.468948,
          5112.681578
        ]
      },
      {
        "date": "2026-03-20",
        "close": 5619.399902,
        "volume": 0,
        "typical_volume": 3592.85,
        "trend": 5054.777913,
        "fair_value": 4272.927525,
        "relative_strength": 3.582167,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.040623,
        "energy": 93.880501,
        "activity_lines": [
          5556.989941,
          5404.200479,
          5229.102539,
          5150.018928
        ]
      },
      {
        "date": "2026-03-27",
        "close": 5619.399902,
        "volume": 0,
        "typical_volume": 3592.85,
        "trend": 5076.44598,
        "fair_value": 4287.608316,
        "relative_strength": -0.004637,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.367306,
        "energy": 90.920551,
        "activity_lines": [
          5601.216601,
          5468.638698,
          5274.181189,
          5186.446154
        ]
      },
      {
        "date": "2026-04-03",
        "close": 5280.0,
        "volume": 8165,
        "typical_volume": 3999.2,
        "trend": 5085.128613,
        "fair_value": 4300.113466,
        "relative_strength": -9.52321,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.208722,
        "energy": 65.932496,
        "activity_lines": [
          5508.886621,
          5457.235076,
          5283.381099,
          5199.578671
        ]
      },
      {
        "date": "2026-04-10",
        "close": 5225.48877,
        "volume": 11807,
        "typical_volume": 4589.55,
        "trend": 5099.388965,
        "fair_value": 4312.269185,
        "relative_strength": -10.270671,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 50.563894,
        "energy": 43.299348,
        "activity_lines": [
          5397.589551,
          5430.068155,
          5287.27497,
          5208.634165
        ]
      },
      {
        "date": "2026-04-17",
        "close": 5225.48877,
        "volume": 0,
        "typical_volume": 4589.15,
        "trend": 5113.232845,
        "fair_value": 4324.424905,
        "relative_strength": -9.488481,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 38.60438,
        "energy": 32.957632,
        "activity_lines": [
          5315.173242,
          5398.362473,
          5291.313925,
          5216.769636
        ]
      },
      {
        "date": "2026-04-24",
        "close": 4919.447754,
        "volume": 415,
        "typical_volume": 4609.9,
        "trend": 5117.958171,
        "fair_value": 4334.618823,
        "relative_strength": -13.604633,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "up",
        "direction": -8.365354,
        "energy": 33.811894,
        "activity_lines": [
          5157.004004,
          5310.164276,
          5265.834784,
          5204.267372
        ]
      },
      {
        "date": "2026-05-01",
        "close": 5015.129883,
        "volume": 83,
        "typical_volume": 4551.0,
        "trend": 5122.407926,
        "fair_value": 4345.426088,
        "relative_strength": -9.695889,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -28.80509,
        "energy": 42.542634,
        "activity_lines": [
          5077.392285,
          5245.580167,
          5250.554232,
          5197.633289
        ]
      },
      {
        "date": "2026-05-08",
        "close": 4844.799316,
        "volume": 659,
        "typical_volume": 4557.15,
        "trend": 5123.312272,
        "fair_value": 4355.14149,
        "relative_strength": -14.767161,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -45.939785,
        "energy": 53.736251,
        "activity_lines": [
          4981.288379,
          5154.625408,
          5218.584487,
          5179.723056
        ]
      },
      {
        "date": "2026-05-15",
        "close": 4936.572754,
        "volume": 41,
        "typical_volume": 4501.95,
        "trend": 5127.275732,
        "fair_value": 4365.445184,
        "relative_strength": -10.376063,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -30.393109,
        "energy": 59.175645,
        "activity_lines": [
          4944.788997,
          5088.052193,
          5195.317401,
          5167.675345
        ]
      },
      {
        "date": "2026-05-22",
        "close": 5012.550781,
        "volume": 171,
        "typical_volume": 4510.5,
        "trend": 5129.107389,
        "fair_value": 4376.235917,
        "relative_strength": -9.119283,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -27.933867,
        "energy": 58.606283,
        "activity_lines": [
          4952.876693,
          5048.422754,
          5179.331038,
          5160.273736
        ]
      },
      {
        "date": "2026-05-29",
        "close": 4741.428711,
        "volume": 3266,
        "typical_volume": 4673.8,
        "trend": 5124.726269,
        "fair_value": 4385.288687,
        "relative_strength": -13.831608,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -47.126249,
        "energy": 61.701082,
        "activity_lines": [
          4884.78623,
          4970.532014,
          5137.206445,
          5135.262208
        ]
      },
      {
        "date": "2026-06-05",
        "close": 4474.2994,
        "volume": 89,
        "typical_volume": 4258.4,
        "trend": 5111.440839,
        "fair_value": 4392.622074,
        "relative_strength": -15.203979,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -93.232205,
        "energy": 91.215897,
        "activity_lines": [
          4739.520601,
          4860.03542,
          5070.614942,
          5093.299184
        ]
      },
      {
        "date": "2026-06-12",
        "close": 4497.0,
        "volume": 0,
        "typical_volume": 4257.75,
        "trend": 5086.142288,
        "fair_value": 4400.100978,
        "relative_strength": -16.60918,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -88.202787,
        "energy": 94.767262,
        "activity_lines": [
          4637.877203,
          4774.486218,
          5007.936822,
          5053.65784
        ]
      },
      {
        "date": "2026-06-19",
        "close": 4588.0,
        "volume": 0,
        "typical_volume": 4257.4,
        "trend": 5063.87707,
        "fair_value": 4408.163215,
        "relative_strength": -14.122757,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.560598,
        "energy": 88.25172,
        "activity_lines": [
          4589.75376,
          4719.718833,
          4956.121229,
          5021.519628
        ]
      },
      {
        "date": "2026-06-26",
        "close": 3929.0,
        "volume": 24,
        "typical_volume": 4011.45,
        "trend": 5023.26011,
        "fair_value": 4412.001093,
        "relative_strength": -25.361613,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -96.341303,
        "energy": 98.057042,
        "activity_lines": [
          4345.201834,
          4556.723972,
          4843.390669,
          4948.301752
        ]
      },
      {
        "date": "2026-07-03",
        "close": 3860.0,
        "volume": 0,
        "typical_volume": 1788.0,
        "trend": 4980.343151,
        "fair_value": 4415.396663,
        "relative_strength": -25.91997,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -96.095024,
        "energy": 98.438945,
        "activity_lines": [
          4149.886627,
          4404.756179,
          4730.040159,
          4873.252713
        ]
      },
      {
        "date": "2026-07-10",
        "close": 4246.569824,
        "volume": 260,
        "typical_volume": 1545.3,
        "trend": 4957.99512,
        "fair_value": 4421.270245,
        "relative_strength": -17.254173,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.400337,
        "energy": 84.835283,
        "activity_lines": [
          4142.189941,
          4342.336495,
          4660.179163,
          4825.912498
        ]
      },
      {
        "date": "2026-07-17",
        "close": 4246.569824,
        "volume": 0,
        "typical_volume": 1545.3,
        "trend": 4938.317809,
        "fair_value": 4428.573412,
        "relative_strength": -16.850625,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.019025,
        "energy": 79.018388,
        "activity_lines": [
          4149.675228,
          4293.890631,
          4595.182358,
          4780.014092
        ]
      },
      {
        "date": "2026-07-24",
        "close": 4246.569824,
        "volume": 0,
        "typical_volume": 1350.55,
        "trend": 4915.004674,
        "fair_value": 4434.836298,
        "relative_strength": -16.004544,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.224522,
        "energy": 74.295389,
        "activity_lines": [
          4173.855859,
          4256.321666,
          4535.049742,
          4735.38519
        ]
      },
      {
        "date": "2026-07-31",
        "close": 4440.5,
        "volume": 70,
        "typical_volume": 1252.5,
        "trend": 4898.155878,
        "fair_value": 4442.342326,
        "relative_strength": -12.314116,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.449155,
        "energy": 52.327405,
        "activity_lines": [
          4285.441894,
          4266.558242,
          4500.111098,
          4704.771985
        ]
      },
      {
        "date": "2026-08-07",
        "close": 4440.5,
        "volume": 0,
        "typical_volume": 1252.5,
        "trend": 4881.307083,
        "fair_value": 4449.848355,
        "relative_strength": -11.77272,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.389052,
        "energy": 43.506353,
        "activity_lines": [
          4362.92793,
          4287.19574,
          4470.786263,
          4675.245799
        ]
      }
    ],
    "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."
    }
  }
}