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    "symbol": "XUTL",
    "name": "Xtrackers II US Treasuries 10+ ETF 1D",
    "exchange": "LSE",
    "country": "GB",
    "assetType": "etf"
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        "direction": -67.696214,
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      },
      {
        "date": "2026-04-03",
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        "fair_value": 30.220172,
        "relative_strength": -8.629086,
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        "modifier": "Early contraction",
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        "activity_lines": [
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        "date": "2026-04-10",
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        "activity_lines": [
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      },
      {
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      },
      {
        "date": "2026-04-24",
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      },
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        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
        "close": 29.862499,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "modifier": "Early contraction",
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        "direction": -70.848457,
        "energy": 70.580322,
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      },
      {
        "date": "2026-05-29",
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        "trend": 30.764974,
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        "stage": 4,
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      },
      {
        "date": "2026-06-05",
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        "relative_strength": -6.462113,
        "stage": 4,
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        "energy": 56.685827,
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      },
      {
        "date": "2026-06-12",
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        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "down",
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      {
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": -4.769005,
        "stage": 3,
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        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 21.148761,
        "energy": 25.612987,
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          30.791166,
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      },
      {
        "date": "2026-07-03",
        "close": 30.627501,
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        "relative_strength": -7.5194,
        "stage": 3,
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        "modifier": "Established contraction",
        "gate": "mixed",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 12823.4,
        "trend": 30.708529,
        "fair_value": 30.254107,
        "relative_strength": -6.597991,
        "stage": 3,
        "regime": "balance",
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        "gate": "down",
        "direction": -26.39102,
        "energy": 19.135696,
        "activity_lines": [
          30.644833,
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      },
      {
        "date": "2026-07-17",
        "close": 30.385,
        "volume": 12266,
        "typical_volume": 13368.05,
        "trend": 30.697189,
        "fair_value": 30.255062,
        "relative_strength": -7.11668,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -38.01469,
        "energy": 15.390924,
        "activity_lines": [
          30.543833,
          30.555545,
          30.535381,
          30.618158
        ]
      },
      {
        "date": "2026-07-24",
        "close": 29.9825,
        "volume": 4152,
        "typical_volume": 13522.15,
        "trend": 30.674475,
        "fair_value": 30.253087,
        "relative_strength": -9.26027,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -67.706999,
        "energy": 45.181141,
        "activity_lines": [
          30.321833,
          30.466955,
          30.480309,
          30.572049
        ]
      },
      {
        "date": "2026-07-31",
        "close": 29.555,
        "volume": 608,
        "typical_volume": 3436.6,
        "trend": 30.640208,
        "fair_value": 30.248065,
        "relative_strength": -11.309721,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.139328,
        "energy": 75.304615,
        "activity_lines": [
          30.009833,
          30.298455,
          30.389964,
          30.499825
        ]
      },
      {
        "date": "2026-08-07",
        "close": 29.809999,
        "volume": 5696,
        "typical_volume": 3721.4,
        "trend": 30.607412,
        "fair_value": 30.244936,
        "relative_strength": -10.502045,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.695432,
        "energy": 74.902148,
        "activity_lines": [
          29.887833,
          30.184682,
          30.328821,
          30.446263
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      }
    ],
    "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."
    }
  }
}