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      },
      {
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      },
      {
        "date": "2026-09-25",
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        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -59.978591,
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        "activity_lines": [
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      },
      {
        "date": "2026-10-02",
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        "trend": 168.48554,
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        "relative_strength": -15.94173,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.374121,
        "energy": 62.875417,
        "activity_lines": [
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      },
      {
        "date": "2026-10-09",
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        "typical_volume": 90.5,
        "trend": 168.347806,
        "fair_value": 148.185896,
        "relative_strength": -9.646336,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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    ],
    "method": {
      "price_basis": "completed market observations",
      "trend": "Trend provides the primary directional reference.",
      "fair_value": "Fair Value provides long-term price context and is not a forecast or target.",
      "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.",
      "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read."
    }
  }
}