{
  "ticker": {
    "uuid": "cd1f0742-8bde-4065-ad22-102f81330c0c",
    "symbol": "002534",
    "name": "Xizi Clean Energy Equipment Manufacturing Co., Ltd.",
    "exchange": "SHZ",
    "country": "CN",
    "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": "399001.SZ",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 61.968,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -64.054,
    "architecture_energy": 73.552,
    "architecture_maturity": 13.551,
    "architecture_confidence": 76.233,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 22.29,
        "rotation_up": 8.32,
        "upward_expansion": 16.13,
        "deceleration": 37.14,
        "rotation_down": 77.21,
        "downward_expansion": 91.8
      },
      "activity_lines": [
        14.641334,
        16.033273,
        17.195906,
        17.507439
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 16.110001,
    "trend_reference": 17.788992,
    "distance_from_trend": -0.094384,
    "trend_direction": "Improving",
    "fair_value": 13.202967,
    "distance_from_fair_value": 0.22018,
    "fair_value_direction": "Weakening",
    "relative_strength": -7.836909,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.050276,
    "excess_performance": -0.057676,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.094384,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.014277,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.22018,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.1403,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.078369,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.029912,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.050276,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.126144,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 108832927,
      "relative_activity": 1.608098,
      "balance": 1.126144,
      "dry_up": 1.525731,
      "accumulation_observations": 4,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.149281,
      "annualized_volatility": 0.621366,
      "from_high_reference": -0.277209,
      "from_low_reference": 0.348117
    },
    "levels": {
      "trend_reference": 17.788992,
      "fair_value_reference": 13.202967,
      "structural_low": 11.95,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 22,
        "median_return": 0.023424,
        "positive_rate": 0.681818,
        "directional_follow_through": 0.318182,
        "median_excess_return": 0.01108,
        "regime_survival": 0.772727,
        "best_return": 0.246823,
        "worst_return": -0.290008,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": 0.09116,
        "positive_rate": 0.555556,
        "directional_follow_through": 0.444444,
        "median_excess_return": 0.004763,
        "regime_survival": 0.444444,
        "best_return": 0.440748,
        "worst_return": -0.254545,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.132082,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.080499,
        "regime_survival": 0.166667,
        "best_return": 0.38754,
        "worst_return": -0.311888,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.174763,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.036606,
        "regime_survival": 0.0,
        "best_return": 0.511902,
        "worst_return": -0.328385,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-10-18",
        "end": "2024-10-25",
        "tenure": "New",
        "return": 0.069808,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-11-01",
        "end": "2024-12-13",
        "tenure": "Developing",
        "return": -0.061439,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-12-20",
        "end": "2025-01-24",
        "tenure": "Developing",
        "return": 0.109929,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-01-31",
        "end": "2025-04-25",
        "tenure": "Established",
        "return": -0.091429,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-05-02",
        "end": "2025-05-16",
        "tenure": "New",
        "return": 0.038781,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-23",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.07189,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-18",
        "end": "2025-07-25",
        "tenure": "New",
        "return": 0.09809,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-08-01",
        "end": "2025-08-22",
        "tenure": "New",
        "return": 0.21065,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-29",
        "end": "2025-11-21",
        "tenure": "Established",
        "return": 0.06595,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-28",
        "end": "2025-12-26",
        "tenure": "Developing",
        "return": 0.18984,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-02",
        "end": "2026-04-03",
        "tenure": "Established",
        "return": -0.053071,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-10",
        "end": "2026-06-05",
        "tenure": "Developing",
        "return": 0.106688,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-06-12",
        "end": "2026-07-17",
        "tenure": "Developing",
        "return": -0.27739,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.301292,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-07-28",
        "close": 14.283419,
        "volume": 19638885,
        "typical_volume": 61901572.45,
        "trend": 15.732602,
        "fair_value": 15.686871,
        "relative_strength": -11.546307,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -40.586757,
        "energy": 59.442134,
        "activity_lines": [
          14.583374,
          15.18437,
          15.795997,
          15.796204
        ]
      },
      {
        "date": "2023-08-04",
        "close": 14.554931,
        "volume": 17305511,
        "typical_volume": 61775205.75,
        "trend": 15.752556,
        "fair_value": 15.731488,
        "relative_strength": -10.587938,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -60.881866,
        "energy": 67.143482,
        "activity_lines": [
          14.462487,
          14.977453,
          15.672596,
          15.720226
        ]
      },
      {
        "date": "2023-08-11",
        "close": 13.866456,
        "volume": 15360782,
        "typical_volume": 61616496.2,
        "trend": 15.70651,
        "fair_value": 15.770921,
        "relative_strength": -11.078507,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.002078,
        "energy": 74.557745,
        "activity_lines": [
          14.227824,
          14.698614,
          15.481601,
          15.598542
        ]
      },
      {
        "date": "2023-08-18",
        "close": 13.449492,
        "volume": 14779628,
        "typical_volume": 61276246.5,
        "trend": 15.65556,
        "fair_value": 15.80347,
        "relative_strength": -10.437302,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.280546,
        "energy": 76.626851,
        "activity_lines": [
          13.930455,
          14.394139,
          15.254811,
          15.452928
        ]
      },
      {
        "date": "2023-08-25",
        "close": 12.528294,
        "volume": 19104556,
        "typical_volume": 60905815.1,
        "trend": 15.558804,
        "fair_value": 15.830945,
        "relative_strength": -13.247589,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -85.469833,
        "energy": 87.076407,
        "activity_lines": [
          13.428806,
          13.969066,
          14.943391,
          15.251169
        ]
      },
      {
        "date": "2023-09-01",
        "close": 12.731928,
        "volume": 21783007,
        "typical_volume": 51808036.8,
        "trend": 15.403938,
        "fair_value": 15.861267,
        "relative_strength": -13.927551,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.400646,
        "energy": 88.03243,
        "activity_lines": [
          13.093942,
          13.651186,
          14.664222,
          15.06879
        ]
      },
      {
        "date": "2023-09-08",
        "close": 12.683443,
        "volume": 18443394,
        "typical_volume": 45838304.0,
        "trend": 15.274442,
        "fair_value": 15.891338,
        "relative_strength": -11.959056,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.017765,
        "energy": 87.858251,
        "activity_lines": [
          12.84635,
          13.380557,
          14.399714,
          14.893274
        ]
      },
      {
        "date": "2023-09-15",
        "close": 12.528294,
        "volume": 16049737,
        "typical_volume": 41209404.7,
        "trend": 15.172224,
        "fair_value": 15.917627,
        "relative_strength": -11.585686,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.909421,
        "energy": 87.812804,
        "activity_lines": [
          12.671807,
          13.147304,
          14.140949,
          14.716103
        ]
      },
      {
        "date": "2023-09-22",
        "close": 12.518597,
        "volume": 15456299,
        "typical_volume": 40565416.65,
        "trend": 15.065507,
        "fair_value": 15.942015,
        "relative_strength": -11.399818,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.927837,
        "energy": 80.513137,
        "activity_lines": [
          12.583243,
          12.957423,
          13.904032,
          14.544901
        ]
      },
      {
        "date": "2023-09-29",
        "close": 12.596172,
        "volume": 12323854,
        "typical_volume": 37000067.2,
        "trend": 14.975511,
        "fair_value": 15.969273,
        "relative_strength": -9.871566,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.191436,
        "energy": 69.211424,
        "activity_lines": [
          12.582596,
          12.826604,
          13.692732,
          14.385589
        ]
      },
      {
        "date": "2023-10-13",
        "close": 12.489507,
        "volume": 15795871,
        "typical_volume": 32435140.0,
        "trend": 14.898666,
        "fair_value": 15.994305,
        "relative_strength": -9.881736,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.94119,
        "energy": 66.013947,
        "activity_lines": [
          12.54187,
          12.702132,
          13.491565,
          14.225202
        ]
      },
      {
        "date": "2023-10-20",
        "close": 12.062847,
        "volume": 13397214,
        "typical_volume": 26913518.1,
        "trend": 14.829768,
        "fair_value": 16.019864,
        "relative_strength": -8.230731,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.538724,
        "energy": 66.693338,
        "activity_lines": [
          12.375084,
          12.532702,
          13.274328,
          14.042246
        ]
      },
      {
        "date": "2023-10-27",
        "close": 12.130725,
        "volume": 16492109,
        "typical_volume": 24525451.95,
        "trend": 14.744498,
        "fair_value": 16.045383,
        "relative_strength": -9.25508,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.009189,
        "energy": 67.915271,
        "activity_lines": [
          12.272298,
          12.420924,
          13.089369,
          13.868114
        ]
      },
      {
        "date": "2023-11-03",
        "close": 12.363448,
        "volume": 13961910,
        "typical_volume": 22765727.75,
        "trend": 14.686583,
        "fair_value": 16.070734,
        "relative_strength": -7.843585,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.093559,
        "energy": 61.45271,
        "activity_lines": [
          12.273591,
          12.383018,
          12.947982,
          13.714498
        ]
      },
      {
        "date": "2023-11-10",
        "close": 12.586474,
        "volume": 15360208,
        "typical_volume": 21037639.55,
        "trend": 14.598513,
        "fair_value": 16.094786,
        "relative_strength": -6.920989,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.273175,
        "energy": 55.365773,
        "activity_lines": [
          12.359569,
          12.405409,
          12.845288,
          13.579007
        ]
      },
      {
        "date": "2023-11-17",
        "close": 12.799805,
        "volume": 16101758,
        "typical_volume": 20369092.65,
        "trend": 14.465828,
        "fair_value": 16.119376,
        "relative_strength": -4.870133,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -48.600832,
        "energy": 42.644147,
        "activity_lines": [
          12.517304,
          12.465529,
          12.781012,
          13.462961
        ]
      },
      {
        "date": "2023-11-24",
        "close": 12.547688,
        "volume": 11949844,
        "typical_volume": 18841227.35,
        "trend": 14.317672,
        "fair_value": 16.144248,
        "relative_strength": -5.063783,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.051318,
        "energy": 34.956839,
        "activity_lines": [
          12.570314,
          12.478576,
          12.707085,
          13.33921
        ]
      },
      {
        "date": "2023-12-01",
        "close": 12.431326,
        "volume": 11196270,
        "typical_volume": 17277879.0,
        "trend": 14.155034,
        "fair_value": 16.168492,
        "relative_strength": -4.557033,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.717103,
        "energy": 33.242334,
        "activity_lines": [
          12.552213,
          12.472934,
          12.6399,
          13.21751
        ]
      },
      {
        "date": "2023-12-08",
        "close": 11.878607,
        "volume": 15458829,
        "typical_volume": 16559442.55,
        "trend": 14.006101,
        "fair_value": 16.187829,
        "relative_strength": -6.910579,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.698815,
        "energy": 47.548829,
        "activity_lines": [
          12.329832,
          12.368561,
          12.532358,
          13.070644
        ]
      },
      {
        "date": "2023-12-15",
        "close": 11.674973,
        "volume": 10738858,
        "typical_volume": 15534926.2,
        "trend": 13.833351,
        "fair_value": 16.199516,
        "relative_strength": -6.60768,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.49002,
        "energy": 57.125482,
        "activity_lines": [
          12.071897,
          12.2388,
          12.420244,
          12.920249
        ]
      },
      {
        "date": "2023-12-22",
        "close": 11.539218,
        "volume": 12563478,
        "typical_volume": 15181155.85,
        "trend": 13.629732,
        "fair_value": 16.213061,
        "relative_strength": -5.896098,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.563514,
        "energy": 73.089484,
        "activity_lines": [
          11.829476,
          12.101105,
          12.306329,
          12.77224
        ]
      },
      {
        "date": "2023-12-29",
        "close": 12.111331,
        "volume": 16220574,
        "typical_volume": 15126909.0,
        "trend": 13.450645,
        "fair_value": 16.227663,
        "relative_strength": -4.369532,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.970848,
        "energy": 56.853676,
        "activity_lines": [
          11.861799,
          12.084708,
          12.259969,
          12.674279
        ]
      },
      {
        "date": "2024-01-05",
        "close": 11.936789,
        "volume": 11759495,
        "typical_volume": 14946844.65,
        "trend": 13.294333,
        "fair_value": 16.249923,
        "relative_strength": -1.630468,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.207149,
        "energy": 49.164747,
        "activity_lines": [
          11.865032,
          12.035696,
          12.208622,
          12.576611
        ]
      },
      {
        "date": "2024-01-12",
        "close": 11.946486,
        "volume": 20754914,
        "typical_volume": 15245608.95,
        "trend": 13.158264,
        "fair_value": 16.270763,
        "relative_strength": -0.323256,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.663668,
        "energy": 40.964969,
        "activity_lines": [
          11.904466,
          11.991972,
          12.167388,
          12.489653
        ]
      },
      {
        "date": "2024-01-19",
        "close": 11.093164,
        "volume": 15877854,
        "typical_volume": 15084273.85,
        "trend": 12.981782,
        "fair_value": 16.287734,
        "relative_strength": -5.131013,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.567381,
        "energy": 49.215404,
        "activity_lines": [
          11.654934,
          11.80068,
          12.052042,
          12.356421
        ]
      },
      {
        "date": "2024-01-26",
        "close": 10.705291,
        "volume": 19457061,
        "typical_volume": 14967976.55,
        "trend": 12.811441,
        "fair_value": 16.301744,
        "relative_strength": -8.098231,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -79.336054,
        "energy": 57.427046,
        "activity_lines": [
          11.314899,
          11.566017,
          11.906589,
          12.20955
        ]
      },
      {
        "date": "2024-02-02",
        "close": 8.475022,
        "volume": 21335659,
        "typical_volume": 15112589.8,
        "trend": 12.55092,
        "fair_value": 16.298848,
        "relative_strength": -20.59211,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -92.439406,
        "energy": 91.403273,
        "activity_lines": [
          10.287035,
          10.963932,
          11.558381,
          11.929781
        ]
      },
      {
        "date": "2024-02-09",
        "close": 8.75623,
        "volume": 36483763,
        "typical_volume": 16134291.1,
        "trend": 12.342438,
        "fair_value": 16.302618,
        "relative_strength": -24.579702,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -85.004471,
        "energy": 93.27615,
        "activity_lines": [
          9.595328,
          10.487025,
          11.256995,
          11.684963
        ]
      },
      {
        "date": "2024-02-23",
        "close": 9.541674,
        "volume": 35754216,
        "typical_volume": 17149186.95,
        "trend": 12.160785,
        "fair_value": 16.31077,
        "relative_strength": -19.68041,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.23747,
        "energy": 86.35316,
        "activity_lines": [
          9.377473,
          10.219745,
          11.048374,
          11.504268
        ]
      },
      {
        "date": "2024-03-01",
        "close": 10.152573,
        "volume": 34248233,
        "typical_volume": 18245405.9,
        "trend": 12.03214,
        "fair_value": 16.325802,
        "relative_strength": -17.538506,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.406655,
        "energy": 77.569848,
        "activity_lines": [
          9.523572,
          10.106028,
          10.912111,
          11.374706
        ]
      },
      {
        "date": "2024-03-08",
        "close": 10.045907,
        "volume": 25849940,
        "typical_volume": 18748109.35,
        "trend": 11.89089,
        "fair_value": 16.341871,
        "relative_strength": -17.514954,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.033301,
        "energy": 52.231336,
        "activity_lines": [
          9.696822,
          10.000597,
          10.777325,
          11.246562
        ]
      },
      {
        "date": "2024-03-15",
        "close": 10.317419,
        "volume": 22148828,
        "typical_volume": 19185690.05,
        "trend": 11.749639,
        "fair_value": 16.351082,
        "relative_strength": -17.167009,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.464598,
        "energy": 34.90229,
        "activity_lines": [
          10.004535,
          9.971683,
          10.680034,
          11.145048
        ]
      },
      {
        "date": "2024-03-22",
        "close": 10.482265,
        "volume": 17911439,
        "typical_volume": 19256656.55,
        "trend": 11.636833,
        "fair_value": 16.355954,
        "relative_strength": -15.180212,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.162992,
        "energy": 24.52737,
        "activity_lines": [
          10.244369,
          10.005357,
          10.606753,
          11.063282
        ]
      },
      {
        "date": "2024-03-29",
        "close": 10.065301,
        "volume": 16938732,
        "typical_volume": 19405497.65,
        "trend": 11.524027,
        "fair_value": 16.356077,
        "relative_strength": -16.901845,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.77797,
        "energy": 22.644522,
        "activity_lines": [
          10.230147,
          9.989666,
          10.501612,
          10.961892
        ]
      },
      {
        "date": "2024-04-05",
        "close": 10.181664,
        "volume": 10902471,
        "typical_volume": 19182610.8,
        "trend": 11.445806,
        "fair_value": 16.353863,
        "relative_strength": -16.965944,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.772052,
        "energy": 21.18081,
        "activity_lines": [
          10.219804,
          10.029335,
          10.418497,
          10.875288
        ]
      },
      {
        "date": "2024-04-12",
        "close": 10.055604,
        "volume": 25446694,
        "typical_volume": 19649857.6,
        "trend": 11.356595,
        "fair_value": 16.33056,
        "relative_strength": -15.037589,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.048772,
        "energy": 22.276006,
        "activity_lines": [
          10.165502,
          10.062657,
          10.334827,
          10.785598
        ]
      },
      {
        "date": "2024-04-19",
        "close": 9.115012,
        "volume": 33466289,
        "typical_volume": 20725679.85,
        "trend": 11.237647,
        "fair_value": 16.29518,
        "relative_strength": -23.075355,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.242498,
        "energy": 38.951567,
        "activity_lines": [
          9.797022,
          9.936774,
          10.174645,
          10.64098
        ]
      },
      {
        "date": "2024-04-26",
        "close": 9.73561,
        "volume": 25635457,
        "typical_volume": 21447639.2,
        "trend": 11.144558,
        "fair_value": 16.259865,
        "relative_strength": -18.959179,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.908183,
        "energy": 34.285672,
        "activity_lines": [
          9.715569,
          9.912092,
          10.089913,
          10.544074
        ]
      },
      {
        "date": "2024-05-03",
        "close": 10.521053,
        "volume": 31902086,
        "typical_volume": 22269802.05,
        "trend": 11.077973,
        "fair_value": 16.227568,
        "relative_strength": -13.037245,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.488179,
        "energy": 27.523241,
        "activity_lines": [
          9.945708,
          10.01241,
          10.092822,
          10.503848
        ]
      },
      {
        "date": "2024-05-10",
        "close": 11.258011,
        "volume": 43785892,
        "typical_volume": 23922153.75,
        "trend": 11.033367,
        "fair_value": 16.200706,
        "relative_strength": -7.804453,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -1.710502,
        "energy": 4.198461,
        "activity_lines": [
          10.391115,
          10.228913,
          10.172382,
          10.515463
        ]
      },
      {
        "date": "2024-05-17",
        "close": 10.938015,
        "volume": 26526613,
        "typical_volume": 24620310.5,
        "trend": 10.981651,
        "fair_value": 16.184424,
        "relative_strength": -9.75974,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -0.660738,
        "energy": 15.137236,
        "activity_lines": [
          10.658101,
          10.367137,
          10.223452,
          10.509312
        ]
      },
      {
        "date": "2024-05-24",
        "close": 10.975946,
        "volume": 24070746,
        "typical_volume": 25012819.1,
        "trend": 10.945421,
        "fair_value": 16.167022,
        "relative_strength": -6.179445,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 2.502955,
        "energy": 22.896659,
        "activity_lines": [
          10.878903,
          10.496037,
          10.280997,
          10.508944
        ]
      },
      {
        "date": "2024-05-31",
        "close": 11.06399,
        "volume": 46808637,
        "typical_volume": 26765276.2,
        "trend": 10.909863,
        "fair_value": 16.147871,
        "relative_strength": -4.210993,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 24.160497,
        "energy": 43.830229,
        "activity_lines": [
          11.00499,
          10.628972,
          10.352334,
          10.516593
        ]
      },
      {
        "date": "2024-06-07",
        "close": 10.555299,
        "volume": 31056804,
        "typical_volume": 27280370.7,
        "trend": 10.849592,
        "fair_value": 16.130914,
        "relative_strength": -6.87075,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 18.688652,
        "energy": 33.203129,
        "activity_lines": [
          10.872956,
          10.658841,
          10.379381,
          10.493718
        ]
      },
      {
        "date": "2024-06-14",
        "close": 10.574864,
        "volume": 14889571,
        "typical_volume": 27230956.55,
        "trend": 10.782538,
        "fair_value": 16.118412,
        "relative_strength": -6.119837,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "down",
        "direction": -3.98639,
        "energy": 10.786689,
        "activity_lines": [
          10.74516,
          10.683358,
          10.414915,
          10.475994
        ]
      },
      {
        "date": "2024-06-21",
        "close": 10.232477,
        "volume": 17719607,
        "typical_volume": 27144083.85,
        "trend": 10.69696,
        "fair_value": 16.098585,
        "relative_strength": -6.756803,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -26.995985,
        "energy": 13.117606,
        "activity_lines": [
          10.548778,
          10.638474,
          10.420309,
          10.440506
        ]
      },
      {
        "date": "2024-06-28",
        "close": 9.792267,
        "volume": 20714976,
        "typical_volume": 27113049.7,
        "trend": 10.605113,
        "fair_value": 16.079652,
        "relative_strength": -8.088172,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -36.413862,
        "energy": 25.183868,
        "activity_lines": [
          10.252695,
          10.510335,
          10.38603,
          10.382139
        ]
      },
      {
        "date": "2024-07-05",
        "close": 9.381402,
        "volume": 16991047,
        "typical_volume": 26138413.9,
        "trend": 10.503449,
        "fair_value": 16.058634,
        "relative_strength": -9.888155,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -56.045839,
        "energy": 38.333721,
        "activity_lines": [
          9.898569,
          10.295181,
          10.306349,
          10.303189
        ]
      },
      {
        "date": "2024-07-12",
        "close": 10.565083,
        "volume": 21347191,
        "typical_volume": 25418062.65,
        "trend": 10.459665,
        "fair_value": 16.041122,
        "relative_strength": 0.121507,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -31.617154,
        "energy": 25.511099,
        "activity_lines": [
          10.051176,
          10.301681,
          10.336422,
          10.307166
        ]
      },
      {
        "date": "2024-07-19",
        "close": 9.939003,
        "volume": 75951210,
        "typical_volume": 27503211.5,
        "trend": 10.401799,
        "fair_value": 16.025993,
        "relative_strength": -5.933559,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -41.973572,
        "energy": 32.547417,
        "activity_lines": [
          9.994438,
          10.193548,
          10.301994,
          10.273575
        ]
      },
      {
        "date": "2024-07-26",
        "close": 10.036828,
        "volume": 60802369,
        "typical_volume": 29250832.95,
        "trend": 10.351719,
        "fair_value": 16.01198,
        "relative_strength": -1.329356,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -38.501294,
        "energy": 23.55617,
        "activity_lines": [
          10.012698,
          10.127183,
          10.277901,
          10.250028
        ]
      },
      {
        "date": "2024-08-02",
        "close": 10.036828,
        "volume": 33207179,
        "typical_volume": 29803750.5,
        "trend": 10.282569,
        "fair_value": 15.988827,
        "relative_strength": -0.627886,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -35.90584,
        "energy": 16.586338,
        "activity_lines": [
          10.044002,
          10.077203,
          10.253851,
          10.229713
        ]
      },
      {
        "date": "2024-08-09",
        "close": 9.782483,
        "volume": 23592600,
        "typical_volume": 30087808.55,
        "trend": 10.210759,
        "fair_value": 15.962703,
        "relative_strength": -1.106256,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -44.214709,
        "energy": 23.809941,
        "activity_lines": [
          9.97422,
          9.998054,
          10.206913,
          10.197449
        ]
      },
      {
        "date": "2024-08-16",
        "close": 9.586834,
        "volume": 22534476,
        "typical_volume": 30367595.75,
        "trend": 10.132104,
        "fair_value": 15.914732,
        "relative_strength": -2.341126,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -29.242936,
        "energy": 23.629791,
        "activity_lines": [
          9.812483,
          9.906632,
          10.144675,
          10.157196
        ]
      },
      {
        "date": "2024-08-23",
        "close": 9.312925,
        "volume": 17243200,
        "typical_volume": 30684632.2,
        "trend": 10.072763,
        "fair_value": 15.867502,
        "relative_strength": -2.954396,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -36.820417,
        "energy": 38.580987,
        "activity_lines": [
          9.62466,
          9.783017,
          10.058628,
          10.104346
        ]
      },
      {
        "date": "2024-08-30",
        "close": 9.860744,
        "volume": 25397911,
        "typical_volume": 30682193.05,
        "trend": 10.044611,
        "fair_value": 15.828537,
        "relative_strength": 0.87753,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -25.601672,
        "energy": 33.398592,
        "activity_lines": [
          9.661181,
          9.78195,
          10.028892,
          10.090667
        ]
      },
      {
        "date": "2024-09-06",
        "close": 9.264012,
        "volume": 16925520,
        "typical_volume": 29855154.6,
        "trend": 10.070911,
        "fair_value": 15.783493,
        "relative_strength": -2.53373,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.051201,
        "energy": 51.888342,
        "activity_lines": [
          9.510531,
          9.679145,
          9.943252,
          10.040306
        ]
      },
      {
        "date": "2024-09-13",
        "close": 8.950973,
        "volume": 16007403,
        "typical_volume": 29373751.9,
        "trend": 10.077402,
        "fair_value": 15.730836,
        "relative_strength": -3.939556,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.854077,
        "energy": 56.796618,
        "activity_lines": [
          9.307055,
          9.529029,
          9.827089,
          9.968052
        ]
      },
      {
        "date": "2024-09-20",
        "close": 8.950973,
        "volume": 8907227,
        "typical_volume": 28224008.95,
        "trend": 10.057712,
        "fair_value": 15.666969,
        "relative_strength": -4.832919,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.828361,
        "energy": 56.119411,
        "activity_lines": [
          9.159014,
          9.386738,
          9.714662,
          9.895379
        ]
      },
      {
        "date": "2024-09-27",
        "close": 10.173782,
        "volume": 27685555,
        "typical_volume": 27418992.1,
        "trend": 10.058419,
        "fair_value": 15.606431,
        "relative_strength": -7.947306,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -43.041791,
        "energy": 27.982981,
        "activity_lines": [
          9.460966,
          9.496124,
          9.72617,
          9.902867
        ]
      },
      {
        "date": "2024-10-04",
        "close": 11.19116,
        "volume": 14223023,
        "typical_volume": 26803812.6,
        "trend": 10.096594,
        "fair_value": 15.549613,
        "relative_strength": -8.247899,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -2.621082,
        "energy": 7.605539,
        "activity_lines": [
          10.044654,
          9.786219,
          9.839734,
          9.975947
        ]
      },
      {
        "date": "2024-10-11",
        "close": 11.288986,
        "volume": 54724053,
        "typical_volume": 28336477.95,
        "trend": 10.12898,
        "fair_value": 15.493483,
        "relative_strength": -2.931452,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": 31.650307,
        "energy": 33.033212,
        "activity_lines": [
          10.572256,
          10.073112,
          9.96141,
          10.052876
        ]
      },
      {
        "date": "2024-10-18",
        "close": 11.210726,
        "volume": 38275847,
        "typical_volume": 27909838.45,
        "trend": 10.153262,
        "fair_value": 15.422472,
        "relative_strength": -6.120942,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 30.862444,
        "energy": 48.258366,
        "activity_lines": [
          10.938773,
          10.32301,
          10.074141,
          10.122666
        ]
      },
      {
        "date": "2024-10-25",
        "close": 11.993324,
        "volume": 37222312,
        "typical_volume": 28218113.85,
        "trend": 10.217529,
        "fair_value": 15.345389,
        "relative_strength": -1.832114,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 81.202347,
        "energy": 84.740194,
        "activity_lines": [
          11.415506,
          10.689231,
          10.260707,
          10.24138
        ]
      },
      {
        "date": "2024-11-01",
        "close": 12.100932,
        "volume": 74057622,
        "typical_volume": 31176516.4,
        "trend": 10.281505,
        "fair_value": 15.276063,
        "relative_strength": 0.747341,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.694754,
        "energy": 85.242449,
        "activity_lines": [
          11.725284,
          11.031262,
          10.450674,
          10.362889
        ]
      },
      {
        "date": "2024-11-08",
        "close": 12.179192,
        "volume": 36922080,
        "typical_volume": 32136640.05,
        "trend": 10.352291,
        "fair_value": 15.221923,
        "relative_strength": -4.755891,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.100167,
        "energy": 84.014829,
        "activity_lines": [
          11.932673,
          11.336831,
          10.640826,
          10.485321
        ]
      },
      {
        "date": "2024-11-15",
        "close": 11.465071,
        "volume": 33073710,
        "typical_volume": 32754576.75,
        "trend": 10.430626,
        "fair_value": 15.188916,
        "relative_strength": -6.592477,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.263408,
        "energy": 71.59979,
        "activity_lines": [
          11.836153,
          11.470406,
          10.753698,
          10.557113
        ]
      },
      {
        "date": "2024-11-22",
        "close": 11.347681,
        "volume": 26766707,
        "typical_volume": 33243359.75,
        "trend": 10.484362,
        "fair_value": 15.151501,
        "relative_strength": -4.486637,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.268224,
        "energy": 48.669851,
        "activity_lines": [
          11.688764,
          11.542619,
          10.847423,
          10.616278
        ]
      },
      {
        "date": "2024-11-29",
        "close": 11.748763,
        "volume": 20860505,
        "typical_volume": 33219025.45,
        "trend": 10.525286,
        "fair_value": 15.102278,
        "relative_strength": -2.445838,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.332342,
        "energy": 43.441248,
        "activity_lines": [
          11.665938,
          11.644179,
          10.969984,
          10.697852
        ]
      },
      {
        "date": "2024-12-06",
        "close": 11.641155,
        "volume": 22025041,
        "typical_volume": 30522717.0,
        "trend": 10.538057,
        "fair_value": 15.039083,
        "relative_strength": -4.624833,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 45.590691,
        "energy": 32.299318,
        "activity_lines": [
          11.623547,
          11.675305,
          11.076659,
          10.769844
        ]
      },
      {
        "date": "2024-12-13",
        "close": 11.357463,
        "volume": 19776445,
        "typical_volume": 28471420.8,
        "trend": 10.552039,
        "fair_value": 14.974496,
        "relative_strength": -5.976448,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 41.895246,
        "energy": 27.626104,
        "activity_lines": [
          11.517244,
          11.628171,
          11.148211,
          10.822709
        ]
      },
      {
        "date": "2024-12-20",
        "close": 11.03464,
        "volume": 18500643,
        "typical_volume": 27736094.0,
        "trend": 10.553995,
        "fair_value": 14.898457,
        "relative_strength": -7.752309,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.159117,
        "energy": 21.838482,
        "activity_lines": [
          11.358115,
          11.519319,
          11.182729,
          10.853844
        ]
      },
      {
        "date": "2024-12-27",
        "close": 11.210726,
        "volume": 21042525,
        "typical_volume": 27608590.25,
        "trend": 10.558887,
        "fair_value": 14.831041,
        "relative_strength": -6.076683,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.338219,
        "energy": 19.468592,
        "activity_lines": [
          11.286377,
          11.447106,
          11.229266,
          10.896214
        ]
      },
      {
        "date": "2025-01-03",
        "close": 10.271608,
        "volume": 17336312,
        "typical_volume": 27348682.05,
        "trend": 10.54943,
        "fair_value": 14.740728,
        "relative_strength": -6.937953,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 6.546764,
        "energy": 15.074015,
        "activity_lines": [
          10.91073,
          11.204145,
          11.179562,
          10.87768
        ]
      },
      {
        "date": "2025-01-10",
        "close": 11.719415,
        "volume": 22633905,
        "typical_volume": 27618217.3,
        "trend": 10.587582,
        "fair_value": 14.638128,
        "relative_strength": 7.48553,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.286528,
        "energy": 18.971943,
        "activity_lines": [
          11.116162,
          11.255725,
          11.264483,
          10.953163
        ]
      },
      {
        "date": "2025-01-17",
        "close": 12.149844,
        "volume": 161704116,
        "typical_volume": 34433527.55,
        "trend": 10.651494,
        "fair_value": 14.538043,
        "relative_strength": 7.672354,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 59.644435,
        "energy": 28.037447,
        "activity_lines": [
          11.459853,
          11.392502,
          11.378938,
          11.053954
        ]
      },
      {
        "date": "2025-01-24",
        "close": 12.24767,
        "volume": 97709678,
        "typical_volume": 38472735.45,
        "trend": 10.733341,
        "fair_value": 14.415493,
        "relative_strength": 7.288269,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 61.26799,
        "energy": 36.652154,
        "activity_lines": [
          11.783328,
          11.547599,
          11.491809,
          11.156933
        ]
      },
      {
        "date": "2025-01-31",
        "close": 11.983542,
        "volume": 9085900,
        "typical_volume": 38126660.3,
        "trend": 10.820079,
        "fair_value": 14.299232,
        "relative_strength": 6.464239,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.896681,
        "energy": 58.460723,
        "activity_lines": [
          11.937891,
          11.640444,
          11.565318,
          11.237591
        ]
      },
      {
        "date": "2025-02-07",
        "close": 12.404189,
        "volume": 37832560,
        "typical_volume": 39572926.95,
        "trend": 10.881382,
        "fair_value": 14.188044,
        "relative_strength": 5.60432,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.887878,
        "energy": 66.217401,
        "activity_lines": [
          12.181148,
          11.798209,
          11.664447,
          11.339792
        ]
      },
      {
        "date": "2025-02-14",
        "close": 12.257451,
        "volume": 67476947,
        "typical_volume": 41562496.55,
        "trend": 10.958664,
        "fair_value": 14.080119,
        "relative_strength": 2.409411,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.616338,
        "energy": 62.739172,
        "activity_lines": [
          12.233321,
          11.917377,
          11.733157,
          11.42857
        ]
      },
      {
        "date": "2025-02-21",
        "close": 12.766141,
        "volume": 74609476,
        "typical_volume": 44581819.2,
        "trend": 11.049641,
        "fair_value": 13.982218,
        "relative_strength": 4.115251,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.339833,
        "energy": 62.919824,
        "activity_lines": [
          12.419189,
          12.117829,
          11.840392,
          11.545182
        ]
      },
      {
        "date": "2025-02-28",
        "close": 12.042237,
        "volume": 41901920,
        "typical_volume": 43940712.55,
        "trend": 11.116488,
        "fair_value": 13.892715,
        "relative_strength": 1.626688,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.245233,
        "energy": 42.549054,
        "activity_lines": [
          12.322668,
          12.16105,
          11.871183,
          11.60922
        ]
      },
      {
        "date": "2025-03-07",
        "close": 12.854183,
        "volume": 60243584,
        "typical_volume": 45039099.4,
        "trend": 11.218878,
        "fair_value": 13.830106,
        "relative_strength": 5.946599,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.466701,
        "energy": 43.894462,
        "activity_lines": [
          12.510492,
          12.333577,
          11.975716,
          11.721329
        ]
      },
      {
        "date": "2025-03-14",
        "close": 13.255265,
        "volume": 80551881,
        "typical_volume": 47205577.85,
        "trend": 11.341159,
        "fair_value": 13.769521,
        "relative_strength": 7.665048,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.227208,
        "energy": 49.689074,
        "activity_lines": [
          12.773967,
          12.549147,
          12.110621,
          11.852709
        ]
      },
      {
        "date": "2025-03-21",
        "close": 13.059616,
        "volume": 41408888,
        "typical_volume": 45573141.15,
        "trend": 11.466049,
        "fair_value": 13.692815,
        "relative_strength": 8.726516,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.764139,
        "energy": 45.311017,
        "activity_lines": [
          12.915487,
          12.674897,
          12.220884,
          11.963577
        ]
      },
      {
        "date": "2025-03-28",
        "close": 12.883531,
        "volume": 110484312,
        "typical_volume": 49251252.75,
        "trend": 11.566808,
        "fair_value": 13.622839,
        "relative_strength": 7.806249,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.067029,
        "energy": 44.364227,
        "activity_lines": [
          12.944834,
          12.744264,
          12.309811,
          12.055028
        ]
      },
      {
        "date": "2025-04-04",
        "close": 12.267235,
        "volume": 54956850,
        "typical_volume": 50345409.75,
        "trend": 11.666916,
        "fair_value": 13.55068,
        "relative_strength": 4.832885,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 53.134145,
        "energy": 34.7241,
        "activity_lines": [
          12.760924,
          12.688237,
          12.33669,
          12.100217
        ]
      },
      {
        "date": "2025-04-11",
        "close": 11.015077,
        "volume": 55445529,
        "typical_volume": 51779350.85,
        "trend": 11.735719,
        "fair_value": 13.475856,
        "relative_strength": -0.833761,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 10.147905,
        "energy": 9.691896,
        "activity_lines": [
          12.144628,
          12.404189,
          12.240496,
          12.058163
        ]
      },
      {
        "date": "2025-04-18",
        "close": 11.132465,
        "volume": 29997928,
        "typical_volume": 52236222.0,
        "trend": 11.808436,
        "fair_value": 13.406781,
        "relative_strength": 0.497322,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "mixed",
        "direction": -13.679411,
        "energy": 22.019045,
        "activity_lines": [
          11.690068,
          12.159093,
          12.157065,
          12.019243
        ]
      },
      {
        "date": "2025-04-25",
        "close": 10.887904,
        "volume": 35625717,
        "typical_volume": 52916255.8,
        "trend": 11.83224,
        "fair_value": 13.358559,
        "relative_strength": -3.166262,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "mixed",
        "direction": -28.636626,
        "energy": 35.247144,
        "activity_lines": [
          11.295507,
          11.892654,
          12.053277,
          11.959854
        ]
      },
      {
        "date": "2025-05-02",
        "close": 10.594429,
        "volume": 15541086,
        "typical_volume": 52704487.85,
        "trend": 11.812349,
        "fair_value": 13.322713,
        "relative_strength": -5.568613,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.612305,
        "energy": 53.716023,
        "activity_lines": [
          10.947903,
          11.597757,
          11.925127,
          11.879995
        ]
      },
      {
        "date": "2025-05-09",
        "close": 11.024859,
        "volume": 24674498,
        "typical_volume": 53013180.6,
        "trend": 11.803544,
        "fair_value": 13.302664,
        "relative_strength": -3.823568,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -24.195671,
        "energy": 53.166214,
        "activity_lines": [
          10.896382,
          11.420605,
          11.841603,
          11.829189
        ]
      },
      {
        "date": "2025-05-16",
        "close": 11.005294,
        "volume": 25168195,
        "typical_volume": 53219464.1,
        "trend": 11.796697,
        "fair_value": 13.284014,
        "relative_strength": -4.418164,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -59.099109,
        "energy": 58.489438,
        "activity_lines": [
          10.921164,
          11.258393,
          11.756263,
          11.777689
        ]
      },
      {
        "date": "2025-05-23",
        "close": 10.819427,
        "volume": 33632817,
        "typical_volume": 54034289.35,
        "trend": 11.757567,
        "fair_value": 13.271665,
        "relative_strength": -5.439165,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.545872,
        "energy": 44.148499,
        "activity_lines": [
          10.884643,
          11.096004,
          11.654199,
          11.71464
        ]
      },
      {
        "date": "2025-05-30",
        "close": 11.089547,
        "volume": 35950914,
        "typical_volume": 54700139.8,
        "trend": 11.723854,
        "fair_value": 13.264095,
        "relative_strength": -2.063914,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.869256,
        "energy": 34.06494,
        "activity_lines": [
          10.959031,
          11.027016,
          11.575252,
          11.671542
        ]
      },
      {
        "date": "2025-06-06",
        "close": 11.228912,
        "volume": 17328124,
        "typical_volume": 47481340.2,
        "trend": 11.692178,
        "fair_value": 13.253702,
        "relative_strength": -2.163293,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -41.804958,
        "energy": 27.08365,
        "activity_lines": [
          11.066432,
          11.019186,
          11.512577,
          11.63961
        ]
      },
      {
        "date": "2025-06-13",
        "close": 10.910362,
        "volume": 20773355,
        "typical_volume": 43634524.05,
        "trend": 11.673688,
        "fair_value": 13.23708,
        "relative_strength": -4.25406,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -43.793029,
        "energy": 27.799573,
        "activity_lines": [
          11.02535,
          10.983522,
          11.42395,
          11.58917
        ]
      },
      {
        "date": "2025-06-20",
        "close": 10.910362,
        "volume": 16811482,
        "typical_volume": 44020803.15,
        "trend": 11.65911,
        "fair_value": 13.226081,
        "relative_strength": -3.070176,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -43.784483,
        "energy": 26.103865,
        "activity_lines": [
          10.991901,
          10.972528,
          11.341691,
          11.539923
        ]
      },
      {
        "date": "2025-06-27",
        "close": 11.079593,
        "volume": 28852115,
        "typical_volume": 43571780.9,
        "trend": 11.636805,
        "fair_value": 13.20832,
        "relative_strength": -5.045826,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -41.154272,
        "energy": 24.666241,
        "activity_lines": [
          11.021191,
          10.994207,
          11.280659,
          11.502535
        ]
      },
      {
        "date": "2025-07-04",
        "close": 11.457871,
        "volume": 32405280,
        "typical_volume": 41818197.55,
        "trend": 11.630695,
        "fair_value": 13.191934,
        "relative_strength": -3.0396,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -36.688724,
        "energy": 20.131354,
        "activity_lines": [
          11.15923,
          11.085626,
          11.261962,
          11.490991
        ]
      },
      {
        "date": "2025-07-11",
        "close": 11.597237,
        "volume": 37290598,
        "typical_volume": 39952253.65,
        "trend": 11.638688,
        "fair_value": 13.173908,
        "relative_strength": -3.399069,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -25.992196,
        "energy": 16.663594,
        "activity_lines": [
          11.319169,
          11.192021,
          11.260345,
          11.488832
        ]
      },
      {
        "date": "2025-07-18",
        "close": 11.467827,
        "volume": 22823260,
        "typical_volume": 38998320.65,
        "trend": 11.653127,
        "fair_value": 13.146711,
        "relative_strength": -6.277469,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -16.897118,
        "energy": 16.500026,
        "activity_lines": [
          11.411416,
          11.256653,
          11.251969,
          11.477809
        ]
      },
      {
        "date": "2025-07-25",
        "close": 12.592708,
        "volume": 237833617,
        "typical_volume": 47877822.3,
        "trend": 11.699193,
        "fair_value": 13.129135,
        "relative_strength": 0.641265,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 32.14746,
        "energy": 29.519542,
        "activity_lines": [
          11.84146,
          11.517756,
          11.35346,
          11.538427
        ]
      },
      {
        "date": "2025-08-01",
        "close": 12.712165,
        "volume": 98494540,
        "typical_volume": 48774955.25,
        "trend": 11.780545,
        "fair_value": 13.101883,
        "relative_strength": 3.260221,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 34.142415,
        "energy": 48.261389,
        "activity_lines": [
          12.199166,
          11.771716,
          11.467574,
          11.60378
        ]
      },
      {
        "date": "2025-08-08",
        "close": 13.946549,
        "volume": 109513885,
        "typical_volume": 52180205.1,
        "trend": 11.854783,
        "fair_value": 13.076118,
        "relative_strength": 11.720541,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 49.066952,
        "energy": 67.217272,
        "activity_lines": [
          12.859495,
          12.215696,
          11.701833,
          11.743522
        ]
      },
      {
        "date": "2025-08-15",
        "close": 15.021658,
        "volume": 104258233,
        "typical_volume": 51868901.15,
        "trend": 11.95051,
        "fair_value": 13.0439,
        "relative_strength": 14.81805,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 63.666982,
        "energy": 81.200551,
        "activity_lines": [
          13.712282,
          12.803205,
          12.034261,
          11.947837
        ]
      },
      {
        "date": "2025-08-22",
        "close": 15.389981,
        "volume": 89956993,
        "typical_volume": 53618908.3,
        "trend": 12.055254,
        "fair_value": 13.017935,
        "relative_strength": 12.251989,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 86.079265,
        "energy": 93.090049,
        "activity_lines": [
          14.459548,
          13.388723,
          12.391586,
          12.169738
        ]
      },
      {
        "date": "2025-08-29",
        "close": 13.88682,
        "volume": 76076643,
        "typical_volume": 54650464.0,
        "trend": 12.118697,
        "fair_value": 12.977762,
        "relative_strength": -2.795902,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.848563,
        "energy": 82.062003,
        "activity_lines": [
          14.444284,
          13.619491,
          12.590882,
          12.287904
        ]
      },
      {
        "date": "2025-09-05",
        "close": 14.006277,
        "volume": 127799121,
        "typical_volume": 59540523.65,
        "trend": 12.172099,
        "fair_value": 12.926431,
        "relative_strength": -1.09199,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.173547,
        "energy": 69.029231,
        "activity_lines": [
          14.382565,
          13.817861,
          12.78788,
          12.409683
        ]
      },
      {
        "date": "2025-09-12",
        "close": 14.623468,
        "volume": 165436748,
        "typical_volume": 66031075.2,
        "trend": 12.250967,
        "fair_value": 12.874792,
        "relative_strength": 0.583399,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.442695,
        "energy": 52.632582,
        "activity_lines": [
          14.440302,
          14.075236,
          13.029973,
          12.567836
        ]
      },
      {
        "date": "2025-09-19",
        "close": 15.539302,
        "volume": 195241191,
        "typical_volume": 75016080.45,
        "trend": 12.343405,
        "fair_value": 12.828716,
        "relative_strength": 5.537825,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.183869,
        "energy": 52.043271,
        "activity_lines": [
          14.758189,
          14.441569,
          13.3415,
          12.779987
        ]
      },
      {
        "date": "2025-09-26",
        "close": 15.260571,
        "volume": 225572031,
        "typical_volume": 85060957.1,
        "trend": 12.450683,
        "fair_value": 12.816997,
        "relative_strength": 2.410391,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.600419,
        "energy": 47.495406,
        "activity_lines": [
          14.948656,
          14.68555,
          13.602934,
          12.968191
        ]
      },
      {
        "date": "2025-10-03",
        "close": 16.873234,
        "volume": 71525755,
        "typical_volume": 87378835.1,
        "trend": 12.584652,
        "fair_value": 12.797142,
        "relative_strength": 10.227817,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.219783,
        "energy": 56.791399,
        "activity_lines": [
          15.685305,
          15.153784,
          13.997785,
          13.253517
        ]
      },
      {
        "date": "2025-10-10",
        "close": 17.470516,
        "volume": 80296717,
        "typical_volume": 89712030.1,
        "trend": 12.72516,
        "fair_value": 12.797859,
        "relative_strength": 15.227464,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.904898,
        "energy": 68.124117,
        "activity_lines": [
          16.421953,
          15.652786,
          14.421578,
          13.568734
        ]
      },
      {
        "date": "2025-10-17",
        "close": 16.086811,
        "volume": 159054626,
        "typical_volume": 95867215.7,
        "trend": 12.826066,
        "fair_value": 12.791683,
        "relative_strength": 11.324418,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.712222,
        "energy": 50.951062,
        "activity_lines": [
          16.466418,
          15.81369,
          14.681917,
          13.785615
        ]
      },
      {
        "date": "2025-10-24",
        "close": 16.455137,
        "volume": 68378128,
        "typical_volume": 98419715.9,
        "trend": 12.94512,
        "fair_value": 12.799237,
        "relative_strength": 8.530353,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.078469,
        "energy": 59.528298,
        "activity_lines": [
          16.536101,
          16.002649,
          14.953539,
          14.019748
        ]
      },
      {
        "date": "2025-10-31",
        "close": 15.947446,
        "volume": 82119332,
        "typical_volume": 101487014.75,
        "trend": 13.067794,
        "fair_value": 12.793156,
        "relative_strength": 4.420865,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.893158,
        "energy": 44.705616,
        "activity_lines": [
          16.375498,
          16.073237,
          15.151922,
          14.213447
        ]
      },
      {
        "date": "2025-11-07",
        "close": 17.918478,
        "volume": 178242172,
        "typical_volume": 109558549.25,
        "trend": 13.297907,
        "fair_value": 12.79588,
        "relative_strength": 16.61799,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.28907,
        "energy": 47.518133,
        "activity_lines": [
          16.826115,
          16.492059,
          15.514036,
          14.526394
        ]
      },
      {
        "date": "2025-11-14",
        "close": 17.072327,
        "volume": 112708755,
        "typical_volume": 113751381.25,
        "trend": 13.495902,
        "fair_value": 12.799296,
        "relative_strength": 12.26775,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.662429,
        "energy": 42.765911,
        "activity_lines": [
          16.924998,
          16.683732,
          15.762193,
          14.769905
        ]
      },
      {
        "date": "2025-11-21",
        "close": 14.802653,
        "volume": 67432236,
        "typical_volume": 115502729.05,
        "trend": 13.626394,
        "fair_value": 12.776486,
        "relative_strength": 2.445704,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 39.2259,
        "energy": 27.403779,
        "activity_lines": [
          16.293869,
          16.406991,
          15.765653,
          14.854211
        ]
      },
      {
        "date": "2025-11-28",
        "close": 14.892246,
        "volume": 36199515,
        "typical_volume": 115448174.9,
        "trend": 13.769655,
        "fair_value": 12.762344,
        "relative_strength": -0.540681,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.633052,
        "energy": 20.778807,
        "activity_lines": [
          15.778215,
          16.143282,
          15.761719,
          14.935879
        ]
      },
      {
        "date": "2025-12-05",
        "close": 16.206268,
        "volume": 53500535,
        "typical_volume": 116982038.65,
        "trend": 13.942368,
        "fair_value": 12.762186,
        "relative_strength": 6.614757,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.947746,
        "energy": 18.265985,
        "activity_lines": [
          15.804761,
          16.13025,
          15.867239,
          15.09308
        ]
      },
      {
        "date": "2025-12-12",
        "close": 16.97278,
        "volume": 67393208,
        "typical_volume": 108460018.2,
        "trend": 14.141284,
        "fair_value": 12.768424,
        "relative_strength": 10.321758,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 42.387441,
        "energy": 21.356173,
        "activity_lines": [
          16.069556,
          16.23939,
          16.023196,
          15.288591
        ]
      },
      {
        "date": "2025-12-19",
        "close": 17.032509,
        "volume": 82935687,
        "typical_volume": 107682075.55,
        "trend": 14.348387,
        "fair_value": 12.774489,
        "relative_strength": 11.226352,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 53.70086,
        "energy": 27.562892,
        "activity_lines": [
          16.417308,
          16.357579,
          16.163984,
          15.475121
        ]
      },
      {
        "date": "2025-12-26",
        "close": 17.719383,
        "volume": 87820301,
        "typical_volume": 106597396.35,
        "trend": 14.569382,
        "fair_value": 12.787366,
        "relative_strength": 11.307077,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 61.409608,
        "energy": 44.152286,
        "activity_lines": [
          16.996672,
          16.608619,
          16.349616,
          15.692605
        ]
      },
      {
        "date": "2026-01-02",
        "close": 16.69405,
        "volume": 37485200,
        "typical_volume": 103258744.7,
        "trend": 14.751553,
        "fair_value": 12.80195,
        "relative_strength": 5.138344,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 52.968496,
        "energy": 44.117811,
        "activity_lines": [
          17.039809,
          16.643551,
          16.419631,
          15.82968
        ]
      },
      {
        "date": "2026-01-09",
        "close": 16.524818,
        "volume": 80727374,
        "typical_volume": 102797263.75,
        "trend": 14.938702,
        "fair_value": 12.821875,
        "relative_strength": -0.271319,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 52.052783,
        "energy": 36.851526,
        "activity_lines": [
          16.906416,
          16.64337,
          16.465564,
          15.944084
        ]
      },
      {
        "date": "2026-01-16",
        "close": 17.52029,
        "volume": 130566607,
        "typical_volume": 105521761.95,
        "trend": 15.159032,
        "fair_value": 12.844721,
        "relative_strength": 4.491629,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.955677,
        "energy": 40.760683,
        "activity_lines": [
          17.08361,
          16.813686,
          16.600901,
          16.110638
        ]
      },
      {
        "date": "2026-01-23",
        "close": 18.854221,
        "volume": 105115694,
        "typical_volume": 104387590.6,
        "trend": 15.418187,
        "fair_value": 12.867839,
        "relative_strength": 11.001792,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.112483,
        "energy": 44.115054,
        "activity_lines": [
          17.668947,
          17.233775,
          16.845977,
          16.349038
        ]
      },
      {
        "date": "2026-01-30",
        "close": 16.962828,
        "volume": 116816799,
        "typical_volume": 101956593.15,
        "trend": 15.601685,
        "fair_value": 12.880562,
        "relative_strength": 1.486405,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 50.882345,
        "energy": 31.751631,
        "activity_lines": [
          17.502372,
          17.277576,
          16.887834,
          16.448692
        ]
      },
      {
        "date": "2026-02-06",
        "close": 17.679565,
        "volume": 88310762,
        "typical_volume": 96610071.7,
        "trend": 15.80443,
        "fair_value": 12.894976,
        "relative_strength": 7.876396,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 52.880894,
        "energy": 35.239079,
        "activity_lines": [
          17.625147,
          17.412417,
          16.986812,
          16.582749
        ]
      },
      {
        "date": "2026-02-13",
        "close": 18.774584,
        "volume": 135726223,
        "typical_volume": 92117781.3,
        "trend": 16.047988,
        "fair_value": 12.903929,
        "relative_strength": 12.634678,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.59027,
        "energy": 45.045592,
        "activity_lines": [
          18.047226,
          17.695674,
          17.179886,
          16.774372
        ]
      },
      {
        "date": "2026-02-27",
        "close": 20.825253,
        "volume": 93368527,
        "typical_volume": 93209919.9,
        "trend": 16.322406,
        "fair_value": 12.931217,
        "relative_strength": 20.991798,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.941844,
        "energy": 64.23768,
        "activity_lines": [
          19.002878,
          18.305083,
          17.551529,
          17.082582
        ]
      },
      {
        "date": "2026-03-06",
        "close": 19.72028,
        "volume": 115836068,
        "typical_volume": 94986887.45,
        "trend": 16.55601,
        "fair_value": 12.957662,
        "relative_strength": 16.693941,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.802496,
        "energy": 65.430198,
        "activity_lines": [
          19.369875,
          18.643543,
          17.799116,
          17.3018
        ]
      },
      {
        "date": "2026-03-13",
        "close": 18.824356,
        "volume": 134851342,
        "typical_volume": 93776723.25,
        "trend": 16.718604,
        "fair_value": 12.977561,
        "relative_strength": 10.312564,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.656994,
        "energy": 61.218341,
        "activity_lines": [
          19.380493,
          18.770239,
          17.950665,
          17.448145
        ]
      },
      {
        "date": "2026-03-20",
        "close": 17.132055,
        "volume": 69145564,
        "typical_volume": 93815095.05,
        "trend": 16.78895,
        "fair_value": 12.989331,
        "relative_strength": 3.350429,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 48.853114,
        "energy": 33.897111,
        "activity_lines": [
          18.702909,
          18.569154,
          17.928006,
          17.474819
        ]
      },
      {
        "date": "2026-03-27",
        "close": 16.494955,
        "volume": 55931821,
        "typical_volume": 92505719.5,
        "trend": 16.825783,
        "fair_value": 13.000229,
        "relative_strength": 0.309841,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 19.318448,
        "energy": 12.644897,
        "activity_lines": [
          17.849458,
          18.244268,
          17.841448,
          17.455852
        ]
      },
      {
        "date": "2026-04-03",
        "close": 15.80808,
        "volume": 33642794,
        "typical_volume": 85275750.6,
        "trend": 16.889825,
        "fair_value": 13.010987,
        "relative_strength": -0.884681,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 4.574261,
        "energy": 18.069401,
        "activity_lines": [
          16.919025,
          17.79504,
          17.686865,
          17.390193
        ]
      },
      {
        "date": "2026-04-10",
        "close": 17.81893,
        "volume": 72325538,
        "typical_volume": 83256589.75,
        "trend": 17.016913,
        "fair_value": 13.031052,
        "relative_strength": 4.150977,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 0.370474,
        "energy": 16.402684,
        "activity_lines": [
          16.993353,
          17.742551,
          17.733842,
          17.450136
        ]
      },
      {
        "date": "2026-04-17",
        "close": 18.545624,
        "volume": 73325205,
        "typical_volume": 83551238.2,
        "trend": 17.147652,
        "fair_value": 13.059544,
        "relative_strength": 3.993807,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 20.991912,
        "energy": 16.804696,
        "activity_lines": [
          17.43667,
          17.841012,
          17.846472,
          17.548762
        ]
      },
      {
        "date": "2026-04-24",
        "close": 18.456034,
        "volume": 58590592,
        "typical_volume": 84670792.05,
        "trend": 17.244876,
        "fair_value": 13.080232,
        "relative_strength": 2.950619,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 25.571013,
        "energy": 10.628809,
        "activity_lines": [
          17.868705,
          17.894406,
          17.932747,
          17.633174
        ]
      },
      {
        "date": "2026-05-01",
        "close": 17.52029,
        "volume": 41600819,
        "typical_volume": 84075806.25,
        "trend": 17.3202,
        "fair_value": 13.084976,
        "relative_strength": -3.446692,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 28.583852,
        "energy": 17.174005,
        "activity_lines": [
          17.90056,
          17.763547,
          17.912932,
          17.650943
        ]
      },
      {
        "date": "2026-05-08",
        "close": 17.808975,
        "volume": 32138694,
        "typical_volume": 82313080.55,
        "trend": 17.351391,
        "fair_value": 13.09021,
        "relative_strength": -4.845727,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 31.69077,
        "energy": 18.767143,
        "activity_lines": [
          17.960288,
          17.707981,
          17.914354,
          17.682476
        ]
      },
      {
        "date": "2026-05-15",
        "close": 17.022554,
        "volume": 60073319,
        "typical_volume": 81169962.15,
        "trend": 17.336459,
        "fair_value": 13.088365,
        "relative_strength": -9.041007,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 18.53768,
        "energy": 8.069556,
        "activity_lines": [
          17.624482,
          17.564271,
          17.836897,
          17.661261
        ]
      },
      {
        "date": "2026-05-22",
        "close": 18.446079,
        "volume": 83635844,
        "typical_volume": 80960739.3,
        "trend": 17.415102,
        "fair_value": 13.101823,
        "relative_strength": -1.820942,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 35.698085,
        "energy": 14.164962,
        "activity_lines": [
          17.816277,
          17.728434,
          17.895061,
          17.73285
        ]
      },
      {
        "date": "2026-05-29",
        "close": 20.16,
        "volume": 138230121,
        "typical_volume": 85997985.35,
        "trend": 17.538597,
        "fair_value": 13.122993,
        "relative_strength": 7.066849,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 63.620333,
        "energy": 42.558393,
        "activity_lines": [
          18.586015,
          18.211096,
          18.112995,
          17.90994
        ]
      },
      {
        "date": "2026-06-05",
        "close": 19.719999,
        "volume": 13422457,
        "typical_volume": 82632739.5,
        "trend": 17.664349,
        "fair_value": 13.136276,
        "relative_strength": 6.201559,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 59.227985,
        "energy": 54.100452,
        "activity_lines": [
          19.095488,
          18.558705,
          18.27252,
          18.050675
        ]
      },
      {
        "date": "2026-06-12",
        "close": 20.08,
        "volume": 20876620,
        "typical_volume": 77148240.15,
        "trend": 17.7364,
        "fair_value": 13.152918,
        "relative_strength": 10.260599,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.370452,
        "energy": 66.81404,
        "activity_lines": [
          19.578314,
          18.913131,
          18.451115,
          18.206524
        ]
      },
      {
        "date": "2026-06-19",
        "close": 21.709999,
        "volume": 67197820,
        "typical_volume": 75252346.45,
        "trend": 17.890989,
        "fair_value": 13.185507,
        "relative_strength": 10.790344,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.579575,
        "energy": 79.313341,
        "activity_lines": [
          20.453071,
          19.486249,
          18.77276,
          18.462885
        ]
      },
      {
        "date": "2026-06-26",
        "close": 19.1,
        "volume": 29542763,
        "typical_volume": 70888644.65,
        "trend": 18.034234,
        "fair_value": 13.205195,
        "relative_strength": -1.180519,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.320193,
        "energy": 62.453747,
        "activity_lines": [
          20.145333,
          19.514075,
          18.832234,
          18.540886
        ]
      },
      {
        "date": "2026-07-03",
        "close": 17.799999,
        "volume": 26025024,
        "typical_volume": 67774357.75,
        "trend": 18.131159,
        "fair_value": 13.214249,
        "relative_strength": -6.923519,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 40.776808,
        "energy": 26.426351,
        "activity_lines": [
          19.360666,
          19.295458,
          18.757721,
          18.525774
        ]
      },
      {
        "date": "2026-07-10",
        "close": 17.51,
        "volume": 133967695,
        "typical_volume": 67686431.35,
        "trend": 18.174616,
        "fair_value": 13.225111,
        "relative_strength": -5.197164,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 17.909685,
        "energy": 10.388062,
        "activity_lines": [
          18.636666,
          19.036042,
          18.655016,
          18.485699
        ]
      },
      {
        "date": "2026-07-17",
        "close": 14.51,
        "volume": 111650423,
        "typical_volume": 68600526.15,
        "trend": 18.092524,
        "fair_value": 13.213697,
        "relative_strength": -13.726189,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "mixed",
        "direction": -37.574748,
        "energy": 35.032864,
        "activity_lines": [
          17.06,
          18.231358,
          18.272619,
          18.249272
        ]
      },
      {
        "date": "2026-07-24",
        "close": 12.38,
        "volume": 89071306,
        "typical_volume": 67262288.05,
        "trend": 17.93744,
        "fair_value": 13.196833,
        "relative_strength": -26.578168,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -84.464174,
        "energy": 74.257994,
        "activity_lines": [
          15.144667,
          17.099383,
          17.717437,
          17.880722
        ]
      },
      {
        "date": "2026-07-31",
        "close": 13.85,
        "volume": 103479356,
        "typical_volume": 65693688.75,
        "trend": 17.808461,
        "fair_value": 13.189517,
        "relative_strength": -16.534877,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.658862,
        "energy": 79.68181,
        "activity_lines": [
          14.341333,
          16.319091,
          17.337209,
          17.617017
        ]
      },
      {
        "date": "2026-08-07",
        "close": 16.110001,
        "volume": 108832927,
        "typical_volume": 67678056.9,
        "trend": 17.788992,
        "fair_value": 13.202967,
        "relative_strength": -7.836909,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.054225,
        "energy": 73.551587,
        "activity_lines": [
          14.641334,
          16.033273,
          17.195906,
          17.507439
        ]
      }
    ],
    "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."
    }
  }
}