{
  "ticker": {
    "uuid": "cbe4ad9e-8cef-412e-b0f2-2f6fb8d8c895",
    "symbol": "BMY",
    "name": "Bloomsbury Publishing Plc",
    "exchange": "LSE",
    "country": "GB",
    "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": "^FTSE",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 47.859,
    "architecture_energy": 23.237,
    "architecture_maturity": 49.072,
    "architecture_confidence": 90.032,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 49.56,
        "rotation_up": 32.04,
        "upward_expansion": 58.23,
        "deceleration": 90.12,
        "rotation_down": 24.1,
        "downward_expansion": 12.9
      },
      "activity_lines": [
        625.090273,
        624.858609,
        625.820807,
        609.317238
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 650.0,
    "trend_reference": 579.097153,
    "distance_from_trend": 0.122437,
    "trend_direction": "Improving",
    "fair_value": 555.689546,
    "distance_from_fair_value": 0.169718,
    "fair_value_direction": "Improving",
    "relative_strength": 10.98165,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.452514,
    "excess_performance": 0.401279,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.122437,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.088256,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.169718,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.020364,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.109817,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.030222,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.452514,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.739659,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1116114,
      "relative_activity": 0.81493,
      "balance": 0.739659,
      "dry_up": 1.283107,
      "accumulation_observations": 2,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.057686,
      "annualized_volatility": 0.319079,
      "from_high_reference": -0.057971,
      "from_low_reference": 0.494253
    },
    "levels": {
      "trend_reference": 579.097153,
      "fair_value_reference": 555.689546,
      "structural_low": 435.0,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 15,
        "median_return": 0.005605,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.004758,
        "regime_survival": 0.666667,
        "best_return": 0.141973,
        "worst_return": -0.08529,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.041662,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.833333,
        "median_excess_return": 0.03022,
        "regime_survival": 0.333333,
        "best_return": 0.154876,
        "worst_return": -0.031385,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.046667,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.051521,
        "regime_survival": 0.0,
        "best_return": 0.173361,
        "worst_return": -0.123118,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.006184,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.078205,
        "regime_survival": 0.0,
        "best_return": 0.216066,
        "worst_return": -0.302589,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-06-02",
        "end": "2023-06-30",
        "tenure": "Developing",
        "return": 0.068627,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-07-07",
        "end": "2023-08-11",
        "tenure": "Developing",
        "return": -0.054525,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-08-18",
        "end": "2023-12-01",
        "tenure": "Established",
        "return": 0.034575,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2023-12-08",
        "end": "2024-01-05",
        "tenure": "Developing",
        "return": 0.018478,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-01-12",
        "end": "2024-09-13",
        "tenure": "Extended",
        "return": 0.440573,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-09-20",
        "end": "2024-10-25",
        "tenure": "Developing",
        "return": 0.105572,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-11-01",
        "end": "2024-11-15",
        "tenure": "New",
        "return": -0.037249,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-22",
        "end": "2025-01-17",
        "tenure": "Developing",
        "return": -0.030303,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-24",
        "end": "2025-10-24",
        "tenure": "Extended",
        "return": -0.237923,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-31",
        "end": "2026-02-13",
        "tenure": "Established",
        "return": -0.112,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-02-20",
        "end": "2026-02-27",
        "tenure": "New",
        "return": 0.022075,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-03-06",
        "end": "2026-03-13",
        "tenure": "New",
        "return": 0.040998,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-03-20",
        "end": "2026-07-03",
        "tenure": "Established",
        "return": 0.129183,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-10",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.043225,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 405.752136,
        "volume": 187499,
        "typical_volume": 655032.15,
        "trend": 438.591674,
        "fair_value": 365.247376,
        "relative_strength": -3.652782,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.116041,
        "energy": 55.042308,
        "activity_lines": [
          419.536743,
          428.888808,
          433.505791,
          436.392259
        ]
      },
      {
        "date": "2023-08-25",
        "close": 418.744171,
        "volume": 1164565,
        "typical_volume": 645487.3,
        "trend": 437.645773,
        "fair_value": 366.584485,
        "relative_strength": -1.631732,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.403291,
        "energy": 51.75174,
        "activity_lines": [
          417.544924,
          426.002018,
          431.612544,
          435.111775
        ]
      },
      {
        "date": "2023-09-01",
        "close": 411.248779,
        "volume": 859782,
        "typical_volume": 674710.9,
        "trend": 436.566593,
        "fair_value": 367.972743,
        "relative_strength": -5.062965,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.75444,
        "energy": 53.738645,
        "activity_lines": [
          414.646696,
          422.304708,
          429.209568,
          433.408743
        ]
      },
      {
        "date": "2023-09-08",
        "close": 399.755768,
        "volume": 397896,
        "typical_volume": 681201.85,
        "trend": 435.570584,
        "fair_value": 369.25533,
        "relative_strength": -7.83874,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.805738,
        "energy": 60.755266,
        "activity_lines": [
          408.950167,
          417.042822,
          425.999409,
          431.033851
        ]
      },
      {
        "date": "2023-09-15",
        "close": 414.246979,
        "volume": 447015,
        "typical_volume": 676982.4,
        "trend": 434.724566,
        "fair_value": 370.630808,
        "relative_strength": -7.343913,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.21921,
        "energy": 44.489906,
        "activity_lines": [
          409.816319,
          415.067976,
          424.421083,
          429.658134
        ]
      },
      {
        "date": "2023-09-22",
        "close": 393.259766,
        "volume": 326665,
        "typical_volume": 682536.05,
        "trend": 433.745159,
        "fair_value": 371.871754,
        "relative_strength": -11.584685,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.703298,
        "energy": 56.792445,
        "activity_lines": [
          404.253052,
          409.874986,
          421.005276,
          426.982986
        ]
      },
      {
        "date": "2023-09-29",
        "close": 400.755188,
        "volume": 357190,
        "typical_volume": 683345.95,
        "trend": 432.732505,
        "fair_value": 373.200745,
        "relative_strength": -8.98847,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.294009,
        "energy": 49.914096,
        "activity_lines": [
          402.021084,
          407.087682,
          418.526497,
          424.854601
        ]
      },
      {
        "date": "2023-10-06",
        "close": 384.764984,
        "volume": 165941,
        "typical_volume": 665788.1,
        "trend": 431.220152,
        "fair_value": 374.419235,
        "relative_strength": -11.17731,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.1234,
        "energy": 52.856989,
        "activity_lines": [
          395.658313,
          402.154337,
          414.688538,
          421.759922
        ]
      },
      {
        "date": "2023-10-13",
        "close": 394.758881,
        "volume": 239730,
        "typical_volume": 669582.3,
        "trend": 429.40813,
        "fair_value": 375.65699,
        "relative_strength": -9.983569,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.08926,
        "energy": 50.219645,
        "activity_lines": [
          394.392428,
          399.801235,
          412.039839,
          419.407582
        ]
      },
      {
        "date": "2023-10-20",
        "close": 399.256104,
        "volume": 370452,
        "typical_volume": 653419.95,
        "trend": 427.82928,
        "fair_value": 376.872376,
        "relative_strength": -6.386998,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.735998,
        "energy": 37.630144,
        "activity_lines": [
          394.958743,
          398.829101,
          409.940329,
          417.46229
        ]
      },
      {
        "date": "2023-10-27",
        "close": 389.761902,
        "volume": 432336,
        "typical_volume": 645325.65,
        "trend": 425.967261,
        "fair_value": 377.735713,
        "relative_strength": -6.887632,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.847057,
        "energy": 38.4899,
        "activity_lines": [
          393.359715,
          396.55776,
          406.976602,
          415.00633
        ]
      },
      {
        "date": "2023-11-03",
        "close": 415.782928,
        "volume": 1099719,
        "typical_volume": 675025.9,
        "trend": 424.439728,
        "fair_value": 378.724175,
        "relative_strength": -2.225549,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.663817,
        "energy": 21.375699,
        "activity_lines": [
          400.667554,
          399.308246,
          406.799892,
          414.349276
        ]
      },
      {
        "date": "2023-11-10",
        "close": 413.783966,
        "volume": 200307,
        "typical_volume": 665407.3,
        "trend": 422.51251,
        "fair_value": 379.725423,
        "relative_strength": -1.676158,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -30.443342,
        "energy": 15.203458,
        "activity_lines": [
          406.307222,
          401.749126,
          406.59155,
          413.661808
        ]
      },
      {
        "date": "2023-11-17",
        "close": 414.783447,
        "volume": 359744,
        "typical_volume": 669298.55,
        "trend": 421.251407,
        "fair_value": 380.675478,
        "relative_strength": -3.035077,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -22.773869,
        "energy": 14.694321,
        "activity_lines": [
          410.345453,
          404.325635,
          406.603841,
          413.163159
        ]
      },
      {
        "date": "2023-11-24",
        "close": 429.775635,
        "volume": 734579,
        "typical_volume": 654632.0,
        "trend": 420.639917,
        "fair_value": 381.753637,
        "relative_strength": 0.951344,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 2.453588,
        "energy": 13.788949,
        "activity_lines": [
          418.046108,
          409.354766,
          408.143233,
          413.713109
        ]
      },
      {
        "date": "2023-12-01",
        "close": 419.780853,
        "volume": 309868,
        "typical_volume": 484430.65,
        "trend": 419.961708,
        "fair_value": 382.729326,
        "relative_strength": -1.672611,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 11.272394,
        "energy": 16.07546,
        "activity_lines": [
          420.380534,
          412.284325,
          408.813338,
          413.657685
        ]
      },
      {
        "date": "2023-12-08",
        "close": 459.759979,
        "volume": 573697,
        "typical_volume": 497684.25,
        "trend": 420.782662,
        "fair_value": 384.089293,
        "relative_strength": 7.375924,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 37.275108,
        "energy": 40.760554,
        "activity_lines": [
          434.040071,
          422.000614,
          413.437824,
          416.225316
        ]
      },
      {
        "date": "2023-12-15",
        "close": 465.25708,
        "volume": 678223,
        "typical_volume": 483177.2,
        "trend": 421.803504,
        "fair_value": 385.286096,
        "relative_strength": 8.355011,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 38.022278,
        "energy": 54.986885,
        "activity_lines": [
          446.600173,
          431.643562,
          418.504249,
          419.094633
        ]
      },
      {
        "date": "2023-12-22",
        "close": 465.756836,
        "volume": 754148,
        "typical_volume": 490550.75,
        "trend": 423.323931,
        "fair_value": 386.402902,
        "relative_strength": 6.752507,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 42.756019,
        "energy": 60.898681,
        "activity_lines": [
          455.895319,
          439.913882,
          423.434851,
          421.930332
        ]
      },
      {
        "date": "2023-12-29",
        "close": 469.754761,
        "volume": 60808,
        "typical_volume": 486008.2,
        "trend": 425.393934,
        "fair_value": 387.532535,
        "relative_strength": 7.15454,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 42.397689,
        "energy": 65.185477,
        "activity_lines": [
          463.12488,
          447.620225,
          428.555651,
          424.925869
        ]
      },
      {
        "date": "2024-01-05",
        "close": 468.255524,
        "volume": 342293,
        "typical_volume": 493747.9,
        "trend": 425.848624,
        "fair_value": 388.626958,
        "relative_strength": 7.315403,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 64.830334,
        "energy": 71.647201,
        "activity_lines": [
          467.189421,
          453.772186,
          433.309796,
          427.691133
        ]
      },
      {
        "date": "2024-01-12",
        "close": 460.75943,
        "volume": 203546,
        "typical_volume": 445696.95,
        "trend": 426.23662,
        "fair_value": 389.72453,
        "relative_strength": 6.353871,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.270943,
        "energy": 60.49138,
        "activity_lines": [
          465.523619,
          457.134064,
          437.052391,
          429.943443
        ]
      },
      {
        "date": "2024-01-19",
        "close": 466.756317,
        "volume": 274388,
        "typical_volume": 416427.25,
        "trend": 427.124259,
        "fair_value": 390.898944,
        "relative_strength": 9.926612,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.445768,
        "energy": 46.288175,
        "activity_lines": [
          465.790149,
          460.76853,
          441.166046,
          432.557617
        ]
      },
      {
        "date": "2024-01-26",
        "close": 469.754761,
        "volume": 767435,
        "typical_volume": 434904.2,
        "trend": 428.261721,
        "fair_value": 391.951777,
        "relative_strength": 7.979124,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.092967,
        "energy": 43.240852,
        "activity_lines": [
          466.956211,
          463.985035,
          445.300946,
          435.307972
        ]
      },
      {
        "date": "2024-02-02",
        "close": 476.251373,
        "volume": 487670,
        "typical_volume": 436936.95,
        "trend": 429.232727,
        "fair_value": 393.084655,
        "relative_strength": 9.517829,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.791372,
        "energy": 43.775951,
        "activity_lines": [
          470.021283,
          467.383263,
          449.721242,
          438.404079
        ]
      },
      {
        "date": "2024-02-09",
        "close": 484.746918,
        "volume": 209871,
        "typical_volume": 431097.25,
        "trend": 430.370349,
        "fair_value": 394.355193,
        "relative_strength": 11.745124,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.335381,
        "energy": 47.632874,
        "activity_lines": [
          475.485095,
          471.481122,
          454.655378,
          441.985639
        ]
      },
      {
        "date": "2024-02-16",
        "close": 529.72345,
        "volume": 1584866,
        "typical_volume": 492481.05,
        "trend": 433.273631,
        "fair_value": 395.952442,
        "relative_strength": 19.358951,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.82505,
        "energy": 70.180267,
        "activity_lines": [
          494.841659,
          482.575332,
          463.437341,
          448.395517
        ]
      },
      {
        "date": "2024-02-23",
        "close": 544.715576,
        "volume": 458263,
        "typical_volume": 507097.15,
        "trend": 437.206173,
        "fair_value": 397.728995,
        "relative_strength": 22.127599,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 86.402329,
        "energy": 85.990018,
        "activity_lines": [
          514.597996,
          495.123319,
          473.03299,
          455.58532
        ]
      },
      {
        "date": "2024-03-01",
        "close": 529.72345,
        "volume": 830860,
        "typical_volume": 536653.65,
        "trend": 440.67229,
        "fair_value": 399.447845,
        "relative_strength": 18.555113,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.690653,
        "energy": 82.567699,
        "activity_lines": [
          524.159674,
          503.500766,
          480.439149,
          461.554176
        ]
      },
      {
        "date": "2024-03-08",
        "close": 555.709839,
        "volume": 673163,
        "typical_volume": 551789.2,
        "trend": 445.104559,
        "fair_value": 401.154073,
        "relative_strength": 24.042447,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.849812,
        "energy": 89.915811,
        "activity_lines": [
          538.385569,
          515.439981,
          489.677513,
          468.975954
        ]
      },
      {
        "date": "2024-03-15",
        "close": 531.722412,
        "volume": 320345,
        "typical_volume": 546189.65,
        "trend": 449.303569,
        "fair_value": 402.764136,
        "relative_strength": 17.355655,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.171114,
        "energy": 77.989937,
        "activity_lines": [
          539.318425,
          521.455026,
          495.886342,
          474.564202
        ]
      },
      {
        "date": "2024-03-22",
        "close": 544.715576,
        "volume": 206181,
        "typical_volume": 501512.75,
        "trend": 453.502615,
        "fair_value": 404.387087,
        "relative_strength": 16.817717,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.403939,
        "energy": 59.004579,
        "activity_lines": [
          541.450635,
          528.678521,
          502.656614,
          480.719816
        ]
      },
      {
        "date": "2024-03-29",
        "close": 527.724487,
        "volume": 345202,
        "typical_volume": 508757.5,
        "trend": 457.385139,
        "fair_value": 405.901121,
        "relative_strength": 12.571678,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.686459,
        "energy": 51.184978,
        "activity_lines": [
          536.919674,
          531.286252,
          507.194721,
          485.508324
        ]
      },
      {
        "date": "2024-04-05",
        "close": 519.728638,
        "volume": 341833,
        "typical_volume": 507861.95,
        "trend": 461.384235,
        "fair_value": 407.3127,
        "relative_strength": 11.226023,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 47.190739,
        "energy": 36.939442,
        "activity_lines": [
          530.856169,
          531.33168,
          510.428745,
          489.530485
        ]
      },
      {
        "date": "2024-04-12",
        "close": 551.711975,
        "volume": 429685,
        "typical_volume": 492617.25,
        "trend": 465.966401,
        "fair_value": 408.8653,
        "relative_strength": 16.479548,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.428427,
        "energy": 39.465941,
        "activity_lines": [
          536.120097,
          536.283644,
          516.209062,
          495.358081
        ]
      },
      {
        "date": "2024-04-19",
        "close": 555.709839,
        "volume": 1054826,
        "typical_volume": 529865.15,
        "trend": 471.381404,
        "fair_value": 410.488327,
        "relative_strength": 18.298545,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.956754,
        "energy": 42.491149,
        "activity_lines": [
          542.983171,
          540.590482,
          521.789479,
          501.14798
        ]
      },
      {
        "date": "2024-04-26",
        "close": 545.715088,
        "volume": 732392,
        "typical_volume": 537799.9,
        "trend": 476.2134,
        "fair_value": 412.060086,
        "relative_strength": 12.322995,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.886933,
        "energy": 39.069891,
        "activity_lines": [
          544.915499,
          541.789857,
          525.770734,
          505.943702
        ]
      },
      {
        "date": "2024-05-03",
        "close": 529.72345,
        "volume": 261508,
        "typical_volume": 516964.15,
        "trend": 481.045349,
        "fair_value": 413.503734,
        "relative_strength": 7.778425,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 53.424407,
        "energy": 35.873169,
        "activity_lines": [
          541.450647,
          539.790905,
          527.819666,
          509.395963
        ]
      },
      {
        "date": "2024-05-10",
        "close": 573.700562,
        "volume": 805217,
        "typical_volume": 519517.6,
        "trend": 487.010072,
        "fair_value": 415.286887,
        "relative_strength": 13.243582,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.737072,
        "energy": 41.630029,
        "activity_lines": [
          552.511568,
          546.060375,
          533.749911,
          515.373719
        ]
      },
      {
        "date": "2024-05-17",
        "close": 565.704651,
        "volume": 336116,
        "typical_volume": 533283.0,
        "trend": 492.558357,
        "fair_value": 416.852382,
        "relative_strength": 11.4464,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.510702,
        "energy": 41.208483,
        "activity_lines": [
          557.309058,
          550.076459,
          538.404624,
          520.450788
        ]
      },
      {
        "date": "2024-05-24",
        "close": 539.718201,
        "volume": 1557134,
        "typical_volume": 594025.05,
        "trend": 497.5569,
        "fair_value": 418.276898,
        "relative_strength": 7.304216,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.452325,
        "energy": 32.354245,
        "activity_lines": [
          552.511552,
          549.186011,
          540.127532,
          523.493359
        ]
      },
      {
        "date": "2024-05-31",
        "close": 609.681702,
        "volume": 1348341,
        "typical_volume": 651264.8,
        "trend": 504.020193,
        "fair_value": 419.970697,
        "relative_strength": 21.058839,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.445858,
        "energy": 52.221768,
        "activity_lines": [
          572.101323,
          560.870821,
          548.173332,
          530.727217
        ]
      },
      {
        "date": "2024-06-07",
        "close": 597.687927,
        "volume": 1061370,
        "typical_volume": 690613.9,
        "trend": 510.150325,
        "fair_value": 421.523612,
        "relative_strength": 18.645289,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.519308,
        "energy": 52.939737,
        "activity_lines": [
          583.428727,
          569.193742,
          554.367714,
          536.770297
        ]
      },
      {
        "date": "2024-06-14",
        "close": 609.681702,
        "volume": 426124,
        "typical_volume": 673548.35,
        "trend": 516.646933,
        "fair_value": 423.326212,
        "relative_strength": 21.872889,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.071164,
        "energy": 57.844089,
        "activity_lines": [
          594.223092,
          578.425288,
          561.080877,
          543.191676
        ]
      },
      {
        "date": "2024-06-21",
        "close": 609.681702,
        "volume": 482344,
        "typical_volume": 673282.05,
        "trend": 522.643802,
        "fair_value": 424.96241,
        "relative_strength": 19.964935,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.000711,
        "energy": 67.498171,
        "activity_lines": [
          602.618714,
          586.021323,
          567.127721,
          549.193919
        ]
      },
      {
        "date": "2024-06-28",
        "close": 625.67334,
        "volume": 918522,
        "typical_volume": 708714.6,
        "trend": 529.506885,
        "fair_value": 426.75872,
        "relative_strength": 23.497851,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.782947,
        "energy": 65.737853,
        "activity_lines": [
          613.413078,
          595.470933,
          574.062196,
          555.840986
        ]
      },
      {
        "date": "2024-07-05",
        "close": 651.65979,
        "volume": 1115278,
        "typical_volume": 685235.2,
        "trend": 535.903545,
        "fair_value": 428.772809,
        "relative_strength": 27.300154,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.762615,
        "energy": 69.846843,
        "activity_lines": [
          627.13925,
          608.373289,
          582.800492,
          563.721819
        ]
      },
      {
        "date": "2024-07-12",
        "close": 709.629517,
        "volume": 1295499,
        "typical_volume": 727097.0,
        "trend": 544.049293,
        "fair_value": 431.132899,
        "relative_strength": 36.732059,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.330873,
        "energy": 84.500864,
        "activity_lines": [
          657.390125,
          629.889328,
          596.479065,
          574.929946
        ]
      },
      {
        "date": "2024-07-19",
        "close": 695.63678,
        "volume": 1502105,
        "typical_volume": 760659.25,
        "trend": 551.711958,
        "fair_value": 433.16009,
        "relative_strength": 34.500696,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.527185,
        "energy": 84.198228,
        "activity_lines": [
          675.513981,
          645.590213,
          608.039693,
          584.709784
        ]
      },
      {
        "date": "2024-07-26",
        "close": 683.750427,
        "volume": 1673309,
        "typical_volume": 810666.55,
        "trend": 558.845147,
        "fair_value": 435.23165,
        "relative_strength": 29.069135,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.229426,
        "energy": 78.431201,
        "activity_lines": [
          683.945382,
          656.912922,
          617.678223,
          593.228395
        ]
      },
      {
        "date": "2024-08-02",
        "close": 707.741699,
        "volume": 2923709,
        "typical_volume": 940834.75,
        "trend": 566.828019,
        "fair_value": 437.591463,
        "relative_strength": 34.189183,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.736153,
        "energy": 76.790701,
        "activity_lines": [
          695.435958,
          670.451393,
          628.991919,
          602.834624
        ]
      },
      {
        "date": "2024-08-09",
        "close": 677.752686,
        "volume": 1098169,
        "typical_volume": 985434.15,
        "trend": 574.061128,
        "fair_value": 439.682202,
        "relative_strength": 27.588182,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.446772,
        "energy": 53.176839,
        "activity_lines": [
          691.458972,
          675.482343,
          636.611332,
          609.991054
        ]
      },
      {
        "date": "2024-08-16",
        "close": 709.740906,
        "volume": 545890,
        "typical_volume": 995468.55,
        "trend": 582.160614,
        "fair_value": 442.016412,
        "relative_strength": 30.169989,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.963147,
        "energy": 51.571758,
        "activity_lines": [
          696.4052,
          685.091679,
          646.643732,
          618.744588
        ]
      },
      {
        "date": "2024-08-23",
        "close": 723.735779,
        "volume": 563162,
        "typical_volume": 1006535.0,
        "trend": 590.626648,
        "fair_value": 444.459542,
        "relative_strength": 31.326347,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.250727,
        "energy": 54.886059,
        "activity_lines": [
          706.00896,
          695.208211,
          657.142232,
          627.87847
        ]
      },
      {
        "date": "2024-08-30",
        "close": 713.739502,
        "volume": 972516,
        "typical_volume": 1033676.55,
        "trend": 598.542919,
        "fair_value": 446.870608,
        "relative_strength": 27.641004,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.359009,
        "energy": 51.98676,
        "activity_lines": [
          710.407361,
          701.433527,
          665.717243,
          635.821234
        ]
      },
      {
        "date": "2024-09-06",
        "close": 665.757019,
        "volume": 434267,
        "typical_volume": 1002648.6,
        "trend": 604.576589,
        "fair_value": 448.903661,
        "relative_strength": 20.926709,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 49.536816,
        "energy": 39.893224,
        "activity_lines": [
          696.812329,
          697.042796,
          668.950934,
          640.157628
        ]
      },
      {
        "date": "2024-09-13",
        "close": 663.757751,
        "volume": 783798,
        "typical_volume": 1005218.9,
        "trend": 609.044399,
        "fair_value": 450.917495,
        "relative_strength": 18.332122,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 43.280047,
        "energy": 29.942588,
        "activity_lines": [
          685.349853,
          691.559767,
          671.470184,
          643.975767
        ]
      },
      {
        "date": "2024-09-20",
        "close": 681.75116,
        "volume": 835406,
        "typical_volume": 1033913.8,
        "trend": 613.612252,
        "fair_value": 453.040269,
        "relative_strength": 21.089128,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.79767,
        "energy": 21.558274,
        "activity_lines": [
          680.818176,
          689.128304,
          675.140985,
          648.666526
        ]
      },
      {
        "date": "2024-09-27",
        "close": 671.754822,
        "volume": 430053,
        "typical_volume": 1015155.6,
        "trend": 618.346631,
        "fair_value": 455.252634,
        "relative_strength": 17.088142,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.101453,
        "energy": 20.549723,
        "activity_lines": [
          674.82037,
          685.386204,
          677.135812,
          652.41766
        ]
      },
      {
        "date": "2024-10-04",
        "close": 671.754822,
        "volume": 324131,
        "typical_volume": 1014556.35,
        "trend": 622.214797,
        "fair_value": 457.362552,
        "relative_strength": 16.687216,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.724954,
        "energy": 17.211094,
        "activity_lines": [
          672.28796,
          682.078322,
          678.663714,
          655.863349
        ]
      },
      {
        "date": "2024-10-11",
        "close": 679.751892,
        "volume": 436985,
        "typical_volume": 958548.9,
        "trend": 627.149113,
        "fair_value": 459.58136,
        "relative_strength": 17.47293,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 21.024956,
        "energy": 11.529077,
        "activity_lines": [
          675.220219,
          680.442554,
          680.44824,
          659.57542
        ]
      },
      {
        "date": "2024-10-18",
        "close": 669.755554,
        "volume": 641938,
        "typical_volume": 923228.75,
        "trend": 631.317112,
        "fair_value": 461.684866,
        "relative_strength": 13.481569,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 19.534232,
        "energy": 10.083493,
        "activity_lines": [
          673.887374,
          677.498176,
          680.613908,
          662.324223
        ]
      },
      {
        "date": "2024-10-25",
        "close": 753.724915,
        "volume": 1838759,
        "typical_volume": 962098.2,
        "trend": 638.85046,
        "fair_value": 464.198578,
        "relative_strength": 28.081716,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 65.518251,
        "energy": 35.453809,
        "activity_lines": [
          700.144462,
          689.966356,
          688.490591,
          670.2215
        ]
      },
      {
        "date": "2024-11-01",
        "close": 697.784546,
        "volume": 1343151,
        "typical_volume": 1007949.55,
        "trend": 644.785657,
        "fair_value": 466.334404,
        "relative_strength": 18.677223,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 46.13218,
        "energy": 29.482311,
        "activity_lines": [
          702.956511,
          691.463852,
          690.296587,
          674.023699
        ]
      },
      {
        "date": "2024-11-08",
        "close": 689.786987,
        "volume": 1456714,
        "typical_volume": 1056668.05,
        "trend": 649.388157,
        "fair_value": 468.508609,
        "relative_strength": 17.918126,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 45.666093,
        "energy": 30.199278,
        "activity_lines": [
          701.367391,
          691.979086,
          690.921373,
          676.927011
        ]
      },
      {
        "date": "2024-11-15",
        "close": 671.792603,
        "volume": 2023815,
        "typical_volume": 1111932.7,
        "trend": 653.257583,
        "fair_value": 470.381774,
        "relative_strength": 14.118193,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 39.102069,
        "energy": 23.642301,
        "activity_lines": [
          692.577999,
          689.658114,
          689.450955,
          678.372459
        ]
      },
      {
        "date": "2024-11-22",
        "close": 659.796265,
        "volume": 1232121,
        "typical_volume": 1117774.85,
        "trend": 657.060289,
        "fair_value": 472.280489,
        "relative_strength": 8.744097,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 7.156052,
        "energy": 6.298681,
        "activity_lines": [
          680.320447,
          685.046253,
          686.618413,
          678.79431
        ]
      },
      {
        "date": "2024-11-29",
        "close": 663.795044,
        "volume": 2255599,
        "typical_volume": 1165779.85,
        "trend": 661.529342,
        "fair_value": 474.26887,
        "relative_strength": 8.379522,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 7.581287,
        "energy": 11.044561,
        "activity_lines": [
          670.059774,
          681.233468,
          684.127962,
          679.22881
        ]
      },
      {
        "date": "2024-12-06",
        "close": 669.793213,
        "volume": 1153801,
        "typical_volume": 1148364.65,
        "trend": 664.73243,
        "fair_value": 476.308506,
        "relative_strength": 8.520654,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 7.636042,
        "energy": 12.771947,
        "activity_lines": [
          667.793815,
          678.837735,
          682.427024,
          679.761963
        ]
      },
      {
        "date": "2024-12-13",
        "close": 697.784546,
        "volume": 2567080,
        "typical_volume": 1193053.2,
        "trend": 669.135093,
        "fair_value": 478.521171,
        "relative_strength": 12.508931,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 18.870501,
        "energy": 11.649494,
        "activity_lines": [
          676.72439,
          681.567001,
          683.514992,
          681.894357
        ]
      },
      {
        "date": "2024-12-20",
        "close": 683.788879,
        "volume": 3223919,
        "typical_volume": 1208063.7,
        "trend": 673.937449,
        "fair_value": 480.580088,
        "relative_strength": 12.496922,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 15.977109,
        "energy": 6.499632,
        "activity_lines": [
          680.456571,
          681.278333,
          683.203211,
          682.839763
        ]
      },
      {
        "date": "2024-12-27",
        "close": 673.791931,
        "volume": 142540,
        "typical_volume": 1160282.25,
        "trend": 676.074457,
        "fair_value": 482.594132,
        "relative_strength": 9.351976,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 13.734735,
        "energy": 6.894986,
        "activity_lines": [
          680.056685,
          679.098637,
          682.0534,
          682.830375
        ]
      },
      {
        "date": "2025-01-03",
        "close": 671.792603,
        "volume": 543825,
        "typical_volume": 1160179.0,
        "trend": 678.544613,
        "fair_value": 484.659391,
        "relative_strength": 7.475409,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -4.557622,
        "energy": 4.05382,
        "activity_lines": [
          678.057312,
          676.482039,
          680.732038,
          682.554126
        ]
      },
      {
        "date": "2025-01-10",
        "close": 619.808594,
        "volume": 2179285,
        "typical_volume": 1240985.15,
        "trend": 678.882176,
        "fair_value": 486.423435,
        "relative_strength": -1.502367,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -61.344014,
        "energy": 41.705016,
        "activity_lines": [
          658.196765,
          665.903481,
          674.640524,
          678.764705
        ]
      },
      {
        "date": "2025-01-17",
        "close": 639.802429,
        "volume": 825449,
        "typical_volume": 1233631.8,
        "trend": 679.8862,
        "fair_value": 488.296436,
        "relative_strength": -1.707736,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -53.536918,
        "energy": 48.835179,
        "activity_lines": [
          648.333138,
          660.377911,
          670.948076,
          676.243432
        ]
      },
      {
        "date": "2025-01-24",
        "close": 671.792603,
        "volume": 1291303,
        "typical_volume": 1276483.6,
        "trend": 681.423509,
        "fair_value": 490.252841,
        "relative_strength": 2.789219,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.213186,
        "energy": 45.163971,
        "activity_lines": [
          652.998377,
          661.577546,
          670.654392,
          675.721264
        ]
      },
      {
        "date": "2025-01-31",
        "close": 665.794434,
        "volume": 1582485,
        "typical_volume": 1316417.95,
        "trend": 681.894664,
        "fair_value": 492.164395,
        "relative_strength": -0.497882,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.806338,
        "energy": 41.546715,
        "activity_lines": [
          656.463977,
          661.686605,
          669.760714,
          674.712937
        ]
      },
      {
        "date": "2025-02-07",
        "close": 653.798096,
        "volume": 988238,
        "typical_volume": 1324059.55,
        "trend": 680.033616,
        "fair_value": 493.832566,
        "relative_strength": -2.857894,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -49.327698,
        "energy": 24.090947,
        "activity_lines": [
          656.463965,
          659.505453,
          667.714829,
          672.900255
        ]
      },
      {
        "date": "2025-02-14",
        "close": 657.796875,
        "volume": 808805,
        "typical_volume": 1342997.15,
        "trend": 678.772286,
        "fair_value": 495.583998,
        "relative_strength": -2.782298,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -36.837537,
        "energy": 15.789157,
        "activity_lines": [
          658.996513,
          658.233116,
          666.182889,
          671.465626
        ]
      },
      {
        "date": "2025-02-21",
        "close": 649.799377,
        "volume": 1488261,
        "typical_volume": 1401203.65,
        "trend": 677.640584,
        "fair_value": 497.348196,
        "relative_strength": -3.258145,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -41.394942,
        "energy": 20.068694,
        "activity_lines": [
          656.330676,
          655.724803,
          663.95575,
          669.596406
        ]
      },
      {
        "date": "2025-02-28",
        "close": 609.811707,
        "volume": 1105505,
        "typical_volume": 1434629.65,
        "trend": 674.376251,
        "fair_value": 498.99053,
        "relative_strength": -10.76635,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.605698,
        "energy": 42.813951,
        "activity_lines": [
          639.669153,
          646.818462,
          658.02481,
          665.22035
        ]
      },
      {
        "date": "2025-03-07",
        "close": 575.822205,
        "volume": 785710,
        "typical_volume": 1441818.25,
        "trend": 670.978569,
        "fair_value": 500.376562,
        "relative_strength": -14.348136,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.872064,
        "energy": 64.160945,
        "activity_lines": [
          615.809855,
          633.077251,
          649.189824,
          658.862024
        ]
      },
      {
        "date": "2025-03-14",
        "close": 579.820984,
        "volume": 671504,
        "typical_volume": 1383455.5,
        "trend": 666.647905,
        "fair_value": 501.615343,
        "relative_strength": -13.24239,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.121984,
        "energy": 72.709359,
        "activity_lines": [
          599.281633,
          621.844358,
          641.182976,
          652.98089
        ]
      },
      {
        "date": "2025-03-21",
        "close": 597.815369,
        "volume": 1809815,
        "typical_volume": 1406788.7,
        "trend": 662.450558,
        "fair_value": 503.206389,
        "relative_strength": -10.710002,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.878982,
        "energy": 68.135241,
        "activity_lines": [
          593.683346,
          615.555384,
          635.717992,
          648.540081
        ]
      },
      {
        "date": "2025-03-28",
        "close": 599.814819,
        "volume": 685559,
        "typical_volume": 1368230.95,
        "trend": 658.653068,
        "fair_value": 504.41966,
        "relative_strength": -10.601234,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.143759,
        "energy": 60.361898,
        "activity_lines": [
          592.750309,
          610.029822,
          630.919476,
          644.499066
        ]
      },
      {
        "date": "2025-04-04",
        "close": 550.829895,
        "volume": 504000,
        "typical_volume": 1292240.2,
        "trend": 654.822164,
        "fair_value": 505.261297,
        "relative_strength": -11.805933,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.993721,
        "energy": 57.35844,
        "activity_lines": [
          578.821269,
          596.324958,
          621.884168,
          637.542732
        ]
      },
      {
        "date": "2025-04-11",
        "close": 552.829285,
        "volume": 996760,
        "typical_volume": 1280472.15,
        "trend": 651.124548,
        "fair_value": 506.211797,
        "relative_strength": -10.485812,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.547912,
        "energy": 47.557506,
        "activity_lines": [
          569.490812,
          585.182941,
          613.615291,
          630.962546
        ]
      },
      {
        "date": "2025-04-18",
        "close": 573.822815,
        "volume": 419310,
        "typical_volume": 1188657.7,
        "trend": 647.526937,
        "fair_value": 507.328888,
        "relative_strength": -10.560734,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.093503,
        "energy": 42.576646,
        "activity_lines": [
          568.69106,
          579.911842,
          607.855165,
          625.975337
        ]
      },
      {
        "date": "2025-04-25",
        "close": 580.820618,
        "volume": 626991,
        "typical_volume": 1162317.2,
        "trend": 644.495797,
        "fair_value": 508.484433,
        "relative_strength": -11.015434,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.377929,
        "energy": 41.287477,
        "activity_lines": [
          570.623788,
          577.367167,
          603.189935,
          621.671704
        ]
      },
      {
        "date": "2025-05-02",
        "close": 605.812927,
        "volume": 870786,
        "typical_volume": 1077502.5,
        "trend": 642.297734,
        "fair_value": 509.870619,
        "relative_strength": -9.276275,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.586431,
        "energy": 28.073827,
        "activity_lines": [
          582.020268,
          580.766116,
          601.328604,
          619.176035
        ]
      },
      {
        "date": "2025-05-09",
        "close": 619.808594,
        "volume": 1591867,
        "typical_volume": 995899.9,
        "trend": 640.299624,
        "fair_value": 511.372134,
        "relative_strength": -6.831108,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.436745,
        "energy": 16.969832,
        "activity_lines": [
          597.682096,
          587.509485,
          601.238153,
          617.725123
        ]
      },
      {
        "date": "2025-05-16",
        "close": 627.806152,
        "volume": 1054564,
        "typical_volume": 1041501.1,
        "trend": 638.90131,
        "fair_value": 512.806458,
        "relative_strength": -7.156629,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -20.025913,
        "energy": 16.41119,
        "activity_lines": [
          611.411198,
          595.525194,
          602.214043,
          616.919092
        ]
      },
      {
        "date": "2025-05-23",
        "close": 495.846893,
        "volume": 4105649,
        "typical_volume": 1219592.3,
        "trend": 630.305376,
        "fair_value": 513.391686,
        "relative_strength": -26.807569,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.652226,
        "energy": 29.294772,
        "activity_lines": [
          576.155422,
          578.603148,
          590.841364,
          607.689775
        ]
      },
      {
        "date": "2025-05-30",
        "close": 520.839172,
        "volume": 3399111,
        "typical_volume": 1280583.6,
        "trend": 624.407197,
        "fair_value": 514.137122,
        "relative_strength": -23.323824,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.54712,
        "energy": 37.602652,
        "activity_lines": [
          554.4288,
          567.751955,
          582.68674,
          600.627439
        ]
      },
      {
        "date": "2025-06-06",
        "close": 514.841064,
        "volume": 2734270,
        "typical_volume": 1376024.65,
        "trend": 618.575666,
        "fair_value": 515.033001,
        "relative_strength": -24.501682,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.406567,
        "energy": 61.121945,
        "activity_lines": [
          534.701572,
          557.209763,
          574.432149,
          593.558656
        ]
      },
      {
        "date": "2025-06-13",
        "close": 497.846283,
        "volume": 1545530,
        "typical_volume": 1388736.0,
        "trend": 612.777456,
        "fair_value": 515.855157,
        "relative_strength": -26.759343,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.661253,
        "energy": 71.851758,
        "activity_lines": [
          515.374208,
          545.122589,
          565.154062,
          585.769664
        ]
      },
      {
        "date": "2025-06-20",
        "close": 520.839172,
        "volume": 1162245,
        "typical_volume": 1367724.0,
        "trend": 608.145553,
        "fair_value": 516.735059,
        "relative_strength": -22.429334,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.567082,
        "energy": 68.243714,
        "activity_lines": [
          511.841961,
          538.179278,
          558.89409,
          579.838162
        ]
      },
      {
        "date": "2025-06-27",
        "close": 510.842285,
        "volume": 1845794,
        "typical_volume": 1410601.8,
        "trend": 603.047127,
        "fair_value": 517.490048,
        "relative_strength": -23.771523,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.681991,
        "energy": 61.602246,
        "activity_lines": [
          512.108551,
          529.99999,
          552.372297,
          573.560532
        ]
      },
      {
        "date": "2025-07-04",
        "close": 484.850281,
        "volume": 1521963,
        "typical_volume": 1446259.7,
        "trend": 596.882363,
        "fair_value": 518.158461,
        "relative_strength": -27.398138,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.598097,
        "energy": 59.535416,
        "activity_lines": [
          502.711446,
          518.239984,
          544.055817,
          565.934929
        ]
      },
      {
        "date": "2025-07-11",
        "close": 493.347656,
        "volume": 1198283,
        "typical_volume": 1431760.8,
        "trend": 590.0678,
        "fair_value": 518.83012,
        "relative_strength": -26.527243,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.706746,
        "energy": 50.637451,
        "activity_lines": [
          498.546059,
          509.76987,
          537.372165,
          559.25527
        ]
      },
      {
        "date": "2025-07-18",
        "close": 514.841064,
        "volume": 3089364,
        "typical_volume": 1530953.75,
        "trend": 584.436206,
        "fair_value": 519.492284,
        "relative_strength": -23.209794,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.501829,
        "energy": 42.922847,
        "activity_lines": [
          502.978035,
          507.252472,
          533.480514,
          554.401932
        ]
      },
      {
        "date": "2025-07-25",
        "close": 491.45929,
        "volume": 1391324,
        "typical_volume": 1561234.45,
        "trend": 578.358451,
        "fair_value": 519.984746,
        "relative_strength": -27.18989,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.129608,
        "energy": 44.28183,
        "activity_lines": [
          498.483101,
          502.392342,
          527.814267,
          548.403422
        ]
      },
      {
        "date": "2025-08-01",
        "close": 475.460602,
        "volume": 2403871,
        "typical_volume": 1647852.8,
        "trend": 571.814051,
        "fair_value": 520.342629,
        "relative_strength": -28.524325,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.18675,
        "energy": 45.363112,
        "activity_lines": [
          490.61393,
          497.102394,
          521.026064,
          541.764851
        ]
      },
      {
        "date": "2025-08-08",
        "close": 482.460022,
        "volume": 1052721,
        "typical_volume": 1609998.1,
        "trend": 567.235766,
        "fair_value": 520.742179,
        "relative_strength": -27.11625,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.805795,
        "energy": 42.903891,
        "activity_lines": [
          487.436678,
          493.455728,
          515.401427,
          536.000075
        ]
      },
      {
        "date": "2025-08-15",
        "close": 474.460693,
        "volume": 1025047,
        "typical_volume": 1626972.5,
        "trend": 561.724374,
        "fair_value": 521.06163,
        "relative_strength": -28.02682,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.987089,
        "energy": 47.042943,
        "activity_lines": [
          481.752334,
          489.052441,
          509.56426,
          530.014586
        ]
      },
      {
        "date": "2025-08-22",
        "close": 495.458954,
        "volume": 644742,
        "typical_volume": 1634009.6,
        "trend": 555.846586,
        "fair_value": 521.566922,
        "relative_strength": -25.643892,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.520363,
        "energy": 53.158775,
        "activity_lines": [
          484.32654,
          489.201208,
          506.323852,
          525.739398
        ]
      },
      {
        "date": "2025-08-29",
        "close": 488.959473,
        "volume": 985034,
        "typical_volume": 1633423.3,
        "trend": 549.952087,
        "fair_value": 522.190666,
        "relative_strength": -24.902022,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.632595,
        "energy": 41.972668,
        "activity_lines": [
          486.026394,
          488.211657,
          502.728117,
          521.4241
        ]
      },
      {
        "date": "2025-09-05",
        "close": 499.958588,
        "volume": 1272688,
        "typical_volume": 1676092.2,
        "trend": 544.824104,
        "fair_value": 522.804859,
        "relative_strength": -22.819871,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -43.735426,
        "energy": 30.932484,
        "activity_lines": [
          491.559273,
          489.801576,
          500.484059,
          518.198713
        ]
      },
      {
        "date": "2025-09-12",
        "close": 508.957825,
        "volume": 2382058,
        "typical_volume": 1763845.55,
        "trend": 539.862802,
        "fair_value": 523.511966,
        "relative_strength": -21.5212,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.625512,
        "energy": 20.296734,
        "activity_lines": [
          498.4587,
          493.225606,
          499.448805,
          515.88476
        ]
      },
      {
        "date": "2025-09-19",
        "close": 475.460602,
        "volume": 2888867,
        "typical_volume": 1864749.6,
        "trend": 534.05151,
        "fair_value": 524.044375,
        "relative_strength": -25.515793,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.094006,
        "energy": 27.152996,
        "activity_lines": [
          492.425865,
          490.120912,
          495.565544,
          511.729779
        ]
      },
      {
        "date": "2025-09-26",
        "close": 477.960388,
        "volume": 906191,
        "typical_volume": 1830465.8,
        "trend": 529.656466,
        "fair_value": 524.76093,
        "relative_strength": -25.06467,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.061148,
        "energy": 30.593216,
        "activity_lines": [
          487.159631,
          487.795945,
          492.541082,
          508.110997
        ]
      },
      {
        "date": "2025-10-03",
        "close": 502.958313,
        "volume": 1816447,
        "typical_volume": 1868559.95,
        "trend": 527.227669,
        "fair_value": 525.503231,
        "relative_strength": -22.248759,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.425748,
        "energy": 21.559417,
        "activity_lines": [
          491.392611,
          490.686612,
          492.572843,
          506.388535
        ]
      },
      {
        "date": "2025-10-10",
        "close": 478.960327,
        "volume": 1234033,
        "typical_volume": 1724979.15,
        "trend": 523.865647,
        "fair_value": 526.075688,
        "relative_strength": -24.787878,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.924777,
        "energy": 32.314181,
        "activity_lines": [
          486.693005,
          489.004936,
          490.913595,
          503.274513
        ]
      },
      {
        "date": "2025-10-17",
        "close": 475.460602,
        "volume": 1117094,
        "typical_volume": 1610878.3,
        "trend": 519.787155,
        "fair_value": 526.510426,
        "relative_strength": -24.122572,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.194752,
        "energy": 32.673205,
        "activity_lines": [
          482.226709,
          486.623314,
          489.001452,
          500.151607
        ]
      },
      {
        "date": "2025-10-24",
        "close": 511.957581,
        "volume": 2379687,
        "typical_volume": 1593149.15,
        "trend": 516.858581,
        "fair_value": 526.88771,
        "relative_strength": -19.882125,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -15.540684,
        "energy": 8.214845,
        "activity_lines": [
          492.159221,
          491.00477,
          490.781301,
          499.646473
        ]
      },
      {
        "date": "2025-10-31",
        "close": 500.0,
        "volume": 1815633,
        "typical_volume": 1606654.3,
        "trend": 515.164251,
        "fair_value": 527.258701,
        "relative_strength": -21.559348,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -19.082979,
        "energy": 9.198459,
        "activity_lines": [
          495.67274,
          492.530358,
          491.436062,
          498.558823
        ]
      },
      {
        "date": "2025-11-07",
        "close": 511.0,
        "volume": 1576082,
        "typical_volume": 1627346.15,
        "trend": 513.769941,
        "fair_value": 527.520869,
        "relative_strength": -18.768221,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -6.123692,
        "energy": 8.594815,
        "activity_lines": [
          501.383618,
          495.973382,
          493.128188,
          498.290162
        ]
      },
      {
        "date": "2025-11-14",
        "close": 520.0,
        "volume": 2377631,
        "typical_volume": 1653938.0,
        "trend": 511.975847,
        "fair_value": 527.81511,
        "relative_strength": -16.740376,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 1.225613,
        "energy": 14.224767,
        "activity_lines": [
          509.558384,
          500.652032,
          495.724309,
          498.692101
        ]
      },
      {
        "date": "2025-11-21",
        "close": 480.0,
        "volume": 2066477,
        "typical_volume": 1681163.7,
        "trend": 508.61516,
        "fair_value": 527.763274,
        "relative_strength": -21.170986,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -21.222117,
        "energy": 12.952218,
        "activity_lines": [
          501.663839,
          497.693566,
          494.467298,
          496.629143
        ]
      },
      {
        "date": "2025-11-28",
        "close": 498.0,
        "volume": 688376,
        "typical_volume": 1655668.35,
        "trend": 505.021396,
        "fair_value": 527.871656,
        "relative_strength": -19.031922,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -10.997469,
        "energy": 7.374427,
        "activity_lines": [
          499.466667,
          498.534333,
          494.94767,
          495.944294
        ]
      },
      {
        "date": "2025-12-05",
        "close": 490.0,
        "volume": 985990,
        "typical_volume": 1550499.65,
        "trend": 500.694443,
        "fair_value": 528.04084,
        "relative_strength": -19.156398,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -28.578036,
        "energy": 12.016192,
        "activity_lines": [
          495.533333,
          497.510747,
          494.643982,
          494.975172
        ]
      },
      {
        "date": "2025-12-12",
        "close": 475.5,
        "volume": 1622199,
        "typical_volume": 1562043.4,
        "trend": 495.617571,
        "fair_value": 528.190731,
        "relative_strength": -20.55468,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -40.909343,
        "energy": 23.22923,
        "activity_lines": [
          487.433333,
          493.631896,
          493.077633,
          493.349724
        ]
      },
      {
        "date": "2025-12-19",
        "close": 479.0,
        "volume": 964378,
        "typical_volume": 1490068.75,
        "trend": 495.056008,
        "fair_value": 528.37907,
        "relative_strength": -21.09333,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -48.549438,
        "energy": 28.593411,
        "activity_lines": [
          482.866667,
          490.88865,
          491.920615,
          492.277622
        ]
      },
      {
        "date": "2025-12-26",
        "close": 478.5,
        "volume": 161973,
        "typical_volume": 1445531.35,
        "trend": 493.644702,
        "fair_value": 528.567406,
        "relative_strength": -20.105783,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -51.498525,
        "energy": 35.555227,
        "activity_lines": [
          480.866667,
          488.053774,
          490.699122,
          491.209493
        ]
      },
      {
        "date": "2026-01-02",
        "close": 473.5,
        "volume": 330101,
        "typical_volume": 1410784.05,
        "trend": 492.266667,
        "fair_value": 528.736501,
        "relative_strength": -20.722469,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -54.157017,
        "energy": 42.329259,
        "activity_lines": [
          477.3,
          484.254545,
          489.020297,
          489.909835
        ]
      },
      {
        "date": "2026-01-09",
        "close": 479.0,
        "volume": 949743,
        "typical_volume": 1426034.1,
        "trend": 491.638457,
        "fair_value": 528.963269,
        "relative_strength": -20.466706,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -50.546923,
        "energy": 35.290815,
        "activity_lines": [
          477.2,
          482.154545,
          487.869856,
          489.053921
        ]
      },
      {
        "date": "2026-01-16",
        "close": 504.0,
        "volume": 902226,
        "typical_volume": 1421893.7,
        "trend": 491.077152,
        "fair_value": 529.299055,
        "relative_strength": -16.519543,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -24.180272,
        "energy": 11.459222,
        "activity_lines": [
          486.166667,
          484.981818,
          489.178743,
          489.85144
        ]
      },
      {
        "date": "2026-01-23",
        "close": 499.0,
        "volume": 787487,
        "typical_volume": 1397633.65,
        "trend": 490.682409,
        "fair_value": 529.631612,
        "relative_strength": -15.780165,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -3.987706,
        "energy": 4.739319,
        "activity_lines": [
          491.566667,
          487.027273,
          489.939818,
          490.362591
        ]
      },
      {
        "date": "2026-01-30",
        "close": 497.0,
        "volume": 689846,
        "typical_volume": 1313023.05,
        "trend": 491.087399,
        "fair_value": 529.973765,
        "relative_strength": -15.996572,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -2.301202,
        "energy": 8.590407,
        "activity_lines": [
          494.966667,
          489.090909,
          490.514982,
          490.770178
        ]
      },
      {
        "date": "2026-02-06",
        "close": 447.5,
        "volume": 1546153,
        "typical_volume": 1245887.35,
        "trend": 489.559144,
        "fair_value": 530.088277,
        "relative_strength": -24.62897,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -57.668922,
        "energy": 22.244767,
        "activity_lines": [
          480.633333,
          481.845455,
          486.432801,
          487.958087
        ]
      },
      {
        "date": "2026-02-13",
        "close": 444.0,
        "volume": 2568566,
        "typical_volume": 1329006.1,
        "trend": 487.197775,
        "fair_value": 530.116306,
        "relative_strength": -24.939269,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -60.504759,
        "energy": 48.944891,
        "activity_lines": [
          466.866667,
          474.881818,
          482.150434,
          485.018788
        ]
      },
      {
        "date": "2026-02-20",
        "close": 453.0,
        "volume": 1185761,
        "typical_volume": 1297471.8,
        "trend": 485.915799,
        "fair_value": 530.310909,
        "relative_strength": -24.301765,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.23864,
        "energy": 57.91198,
        "activity_lines": [
          458.433333,
          470.390909,
          478.886925,
          482.81248
        ]
      },
      {
        "date": "2026-02-27",
        "close": 463.0,
        "volume": 1077773,
        "typical_volume": 1289658.8,
        "trend": 485.500446,
        "fair_value": 530.515173,
        "relative_strength": -23.513449,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.614659,
        "energy": 59.3258,
        "activity_lines": [
          456.733333,
          468.127273,
          476.813694,
          481.334041
        ]
      },
      {
        "date": "2026-03-06",
        "close": 561.0,
        "volume": 3702179,
        "typical_volume": 1418913.05,
        "trend": 488.118445,
        "fair_value": 531.354047,
        "relative_strength": -1.281479,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 18.387717,
        "energy": 9.337614,
        "activity_lines": [
          490.1,
          483.972727,
          484.149798,
          486.20498
        ]
      },
      {
        "date": "2026-03-13",
        "close": 584.0,
        "volume": 2083034,
        "typical_volume": 1404080.4,
        "trend": 491.769755,
        "fair_value": 532.218666,
        "relative_strength": 3.371113,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 76.07623,
        "energy": 63.340039,
        "activity_lines": [
          526.866667,
          502.5,
          493.269048,
          492.390887
        ]
      },
      {
        "date": "2026-03-20",
        "close": 557.0,
        "volume": 2652443,
        "typical_volume": 1445920.9,
        "trend": 493.821123,
        "fair_value": 532.926219,
        "relative_strength": 2.46503,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.874377,
        "energy": 68.979328,
        "activity_lines": [
          545.533333,
          514.109091,
          499.47381,
          496.59929
        ]
      },
      {
        "date": "2026-03-27",
        "close": 562.0,
        "volume": 1425620,
        "typical_volume": 1438397.8,
        "trend": 496.255808,
        "fair_value": 533.672229,
        "relative_strength": 3.342852,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.472929,
        "energy": 73.91867,
        "activity_lines": [
          558.333333,
          525.209091,
          505.883333,
          500.997927
        ]
      },
      {
        "date": "2026-04-03",
        "close": 572.0,
        "volume": 1185337,
        "typical_volume": 1378783.1,
        "trend": 498.657188,
        "fair_value": 534.379864,
        "relative_strength": 0.938883,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.788084,
        "energy": 77.798686,
        "activity_lines": [
          567.2,
          537.072727,
          513.002381,
          505.884649
        ]
      },
      {
        "date": "2026-04-10",
        "close": 579.0,
        "volume": 1062464,
        "typical_volume": 1328582.45,
        "trend": 500.991927,
        "fair_value": 535.068323,
        "relative_strength": 1.121321,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.90962,
        "energy": 69.320867,
        "activity_lines": [
          571.133333,
          548.881818,
          520.540476,
          511.068056
        ]
      },
      {
        "date": "2026-04-17",
        "close": 604.0,
        "volume": 2197020,
        "typical_volume": 1404014.65,
        "trend": 505.276574,
        "fair_value": 536.038729,
        "relative_strength": 5.300816,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.612672,
        "energy": 63.706963,
        "activity_lines": [
          582.2,
          563.745455,
          529.988095,
          517.713738
        ]
      },
      {
        "date": "2026-04-24",
        "close": 620.0,
        "volume": 2654715,
        "typical_volume": 1487450.9,
        "trend": 510.011227,
        "fair_value": 537.140522,
        "relative_strength": 11.464862,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.61763,
        "energy": 65.344276,
        "activity_lines": [
          597.266667,
          578.672727,
          540.454762,
          525.11525
        ]
      },
      {
        "date": "2026-05-01",
        "close": 613.0,
        "volume": 1441313,
        "typical_volume": 1478406.6,
        "trend": 513.679284,
        "fair_value": 538.248682,
        "relative_strength": 10.818374,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.232843,
        "energy": 59.680925,
        "activity_lines": [
          605.8,
          589.127273,
          549.635714,
          531.759687
        ]
      },
      {
        "date": "2026-05-08",
        "close": 620.0,
        "volume": 1701858,
        "typical_volume": 1515280.6,
        "trend": 518.380606,
        "fair_value": 539.433737,
        "relative_strength": 14.003829,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.520528,
        "energy": 67.566202,
        "activity_lines": [
          613.266667,
          597.945455,
          558.828571,
          538.619088
        ]
      },
      {
        "date": "2026-05-15",
        "close": 608.0,
        "volume": 1191959,
        "typical_volume": 1566779.9,
        "trend": 522.798586,
        "fair_value": 540.545072,
        "relative_strength": 12.72689,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.289639,
        "energy": 54.595978,
        "activity_lines": [
          613.533333,
          601.727273,
          566.207143,
          544.400984
        ]
      },
      {
        "date": "2026-05-22",
        "close": 640.0,
        "volume": 1868310,
        "typical_volume": 1643690.35,
        "trend": 527.066667,
        "fair_value": 541.954405,
        "relative_strength": 15.409367,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.61121,
        "energy": 52.63927,
        "activity_lines": [
          622.533333,
          610.472727,
          576.016667,
          551.962366
        ]
      },
      {
        "date": "2026-05-29",
        "close": 652.0,
        "volume": 696592,
        "typical_volume": 1631032.8,
        "trend": 532.133333,
        "fair_value": 543.520721,
        "relative_strength": 18.077233,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.407762,
        "energy": 53.60085,
        "activity_lines": [
          633.133333,
          620.381818,
          586.17619,
          560.022581
        ]
      },
      {
        "date": "2026-06-05",
        "close": 665.0,
        "volume": 332369,
        "typical_volume": 1602539.95,
        "trend": 537.266667,
        "fair_value": 544.869344,
        "relative_strength": 20.652679,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.87868,
        "energy": 68.872898,
        "activity_lines": [
          645.933333,
          630.927273,
          596.75,
          568.594624
        ]
      },
      {
        "date": "2026-06-12",
        "close": 649.0,
        "volume": 91126,
        "typical_volume": 1567721.9,
        "trend": 541.566667,
        "fair_value": 546.150629,
        "relative_strength": 16.343797,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.951057,
        "energy": 72.863761,
        "activity_lines": [
          649.933333,
          636.690909,
          605.033333,
          575.803226
        ]
      },
      {
        "date": "2026-06-19",
        "close": 628.9551,
        "volume": 1982673,
        "typical_volume": 1632363.25,
        "trend": 546.531837,
        "fair_value": 547.361064,
        "relative_strength": 13.874967,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.17514,
        "energy": 62.5645,
        "activity_lines": [
          645.318367,
          637.410018,
          610.693343,
          581.441189
        ]
      },
      {
        "date": "2026-06-26",
        "close": 611.2934,
        "volume": 422617,
        "typical_volume": 1576186.45,
        "trend": 550.308283,
        "fair_value": 548.487106,
        "relative_strength": 9.148572,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.488986,
        "energy": 40.757356,
        "activity_lines": [
          633.41916,
          634.009635,
          614.042928,
          585.619355
        ]
      },
      {
        "date": "2026-07-03",
        "close": 628.9551,
        "volume": 401871,
        "typical_volume": 1467851.7,
        "trend": 554.94012,
        "fair_value": 549.652708,
        "relative_strength": 10.346883,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 42.817531,
        "energy": 31.142198,
        "activity_lines": [
          629.32096,
          633.687862,
          618.294611,
          590.693343
        ]
      },
      {
        "date": "2026-07-10",
        "close": 623.0679,
        "volume": 1706517,
        "typical_volume": 1493889.5,
        "trend": 559.85905,
        "fair_value": 550.758154,
        "relative_strength": 11.039012,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.520046,
        "energy": 23.213734,
        "activity_lines": [
          624.796687,
          632.132869,
          621.10487,
          595.088683
        ]
      },
      {
        "date": "2026-07-17",
        "close": 619.1431,
        "volume": 1935051,
        "typical_volume": 1536753.4,
        "trend": 564.530487,
        "fair_value": 551.889681,
        "relative_strength": 9.221093,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.757311,
        "energy": 19.849135,
        "activity_lines": [
          621.75962,
          629.681224,
          622.731492,
          598.913461
        ]
      },
      {
        "date": "2026-07-24",
        "close": 607.0,
        "volume": 1708218,
        "typical_volume": 1437055.35,
        "trend": 568.81382,
        "fair_value": 553.045198,
        "relative_strength": 5.623839,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.146209,
        "energy": 16.886976,
        "activity_lines": [
          616.665313,
          625.037322,
          622.458089,
          601.653429
        ]
      },
      {
        "date": "2026-07-31",
        "close": 611.0,
        "volume": 2269900,
        "typical_volume": 1446398.65,
        "trend": 573.397153,
        "fair_value": 554.232762,
        "relative_strength": 4.886713,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 19.199416,
        "energy": 13.135334,
        "activity_lines": [
          614.368013,
          621.138875,
          622.346591,
          604.375118
        ]
      },
      {
        "date": "2026-08-07",
        "close": 650.0,
        "volume": 1116114,
        "typical_volume": 1369582.2,
        "trend": 579.097153,
        "fair_value": 555.689546,
        "relative_strength": 10.98165,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 47.859478,
        "energy": 23.236592,
        "activity_lines": [
          625.090273,
          624.858609,
          625.820807,
          609.317238
        ]
      }
    ],
    "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."
    }
  }
}