{
  "ticker": {
    "uuid": "d7c024c9-2e72-490e-a922-eafa7a9287c0",
    "symbol": "TOY",
    "name": "Spin Master Corp.",
    "exchange": "TOR",
    "country": "CA",
    "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": "^GSPTSE",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 60.748,
    "architecture_energy": 48.093,
    "architecture_maturity": 16.076,
    "architecture_confidence": 67.166,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 22.61,
        "rotation_up": 62.39,
        "upward_expansion": 79.64,
        "deceleration": 59.4,
        "rotation_down": 15.91,
        "downward_expansion": 6.31
      },
      "activity_lines": [
        21.366667,
        21.103635,
        20.28392,
        19.819684
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 20.65,
    "trend_reference": 19.380967,
    "distance_from_trend": 0.065478,
    "trend_direction": "Improving",
    "fair_value": 26.306433,
    "distance_from_fair_value": -0.215021,
    "fair_value_direction": "Improving",
    "relative_strength": -7.640904,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.055822,
    "excess_performance": -0.064599,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.065478,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.013221,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.215021,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.065566,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.076409,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.084011,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.055822,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.193503,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 551600,
      "relative_activity": 0.697632,
      "balance": 1.193503,
      "dry_up": 1.001107,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.064765,
      "annualized_volatility": 0.296601,
      "from_high_reference": -0.144219,
      "from_low_reference": 0.21361
    },
    "levels": {
      "trend_reference": 19.380967,
      "fair_value_reference": 26.306433,
      "structural_low": 17.015354,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 11,
        "median_return": -0.021396,
        "positive_rate": 0.272727,
        "directional_follow_through": 0.272727,
        "median_excess_return": -0.032301,
        "regime_survival": 0.636364,
        "best_return": 0.080217,
        "worst_return": -0.135343,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.126683,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.134498,
        "regime_survival": 0.4,
        "best_return": 0.093253,
        "worst_return": -0.302828,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.245255,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.266677,
        "regime_survival": 0.0,
        "best_return": -0.045244,
        "worst_return": -0.318241,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.246453,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.257741,
        "regime_survival": 0.0,
        "best_return": -0.065867,
        "worst_return": -0.406307,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-10-20",
        "end": "2024-01-12",
        "tenure": "Established",
        "return": -0.090994,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-01-19",
        "end": "2024-01-26",
        "tenure": "New",
        "return": 0.078655,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-02-02",
        "end": "2024-03-08",
        "tenure": "Developing",
        "return": -0.086378,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-03-15",
        "end": "2024-07-19",
        "tenure": "Established",
        "return": -0.091286,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-07-26",
        "end": "2024-08-09",
        "tenure": "New",
        "return": -0.093059,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-16",
        "end": "2024-08-23",
        "tenure": "New",
        "return": 0.036597,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-08-30",
        "end": "2024-09-13",
        "tenure": "New",
        "return": -0.072778,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-20",
        "end": "2024-10-11",
        "tenure": "New",
        "return": 0.056424,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-18",
        "end": "2025-01-17",
        "tenure": "Established",
        "return": -0.039611,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-24",
        "end": "2025-02-07",
        "tenure": "New",
        "return": -0.025086,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-02-14",
        "end": "2025-03-07",
        "tenure": "New",
        "return": -0.116241,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-14",
        "end": "2026-05-01",
        "tenure": "Extended",
        "return": -0.181157,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-08",
        "end": "2026-07-10",
        "tenure": "Developing",
        "return": 0.107588,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-07-17",
        "end": "2026-08-07",
        "tenure": "New",
        "return": -0.077713,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 34.719673,
        "volume": 271600,
        "typical_volume": 287710.0,
        "trend": 34.226286,
        "fair_value": 37.200834,
        "relative_strength": -1.148625,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -5.167396,
        "energy": 9.438465,
        "activity_lines": [
          34.209839,
          33.797264,
          33.736627,
          33.985003
        ]
      },
      {
        "date": "2023-08-25",
        "close": 33.878445,
        "volume": 188100,
        "typical_volume": 279350.0,
        "trend": 34.288865,
        "fair_value": 37.225102,
        "relative_strength": -3.097975,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -9.445533,
        "energy": 14.130599,
        "activity_lines": [
          34.215574,
          33.859513,
          33.732417,
          33.962561
        ]
      },
      {
        "date": "2023-09-01",
        "close": 35.235882,
        "volume": 177600,
        "typical_volume": 274125.0,
        "trend": 34.305869,
        "fair_value": 37.267629,
        "relative_strength": -2.103292,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 19.561227,
        "energy": 23.72765,
        "activity_lines": [
          34.634276,
          34.165402,
          33.860884,
          34.023659
        ]
      },
      {
        "date": "2023-09-08",
        "close": 33.744617,
        "volume": 141100,
        "typical_volume": 264550.0,
        "trend": 34.281102,
        "fair_value": 37.305892,
        "relative_strength": -3.403663,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 8.187818,
        "energy": 12.75507,
        "activity_lines": [
          34.344946,
          34.143329,
          33.840895,
          33.987449
        ]
      },
      {
        "date": "2023-09-15",
        "close": 33.629902,
        "volume": 210300,
        "typical_volume": 243265.0,
        "trend": 34.215039,
        "fair_value": 37.342689,
        "relative_strength": -5.663883,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -25.477778,
        "energy": 11.040889,
        "activity_lines": [
          34.087479,
          34.096053,
          33.806199,
          33.945436
        ]
      },
      {
        "date": "2023-09-22",
        "close": 32.568806,
        "volume": 188000,
        "typical_volume": 230440.0,
        "trend": 34.124086,
        "fair_value": 37.373232,
        "relative_strength": -4.149786,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -42.689665,
        "energy": 19.986705,
        "activity_lines": [
          33.529847,
          33.843337,
          33.685477,
          33.839228
        ]
      },
      {
        "date": "2023-09-29",
        "close": 32.704357,
        "volume": 324900,
        "typical_volume": 229550.0,
        "trend": 34.03257,
        "fair_value": 37.403975,
        "relative_strength": -2.060208,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -43.8707,
        "energy": 27.632185,
        "activity_lines": [
          33.160789,
          33.637514,
          33.596159,
          33.747632
        ]
      },
      {
        "date": "2023-10-06",
        "close": 32.589428,
        "volume": 191200,
        "typical_volume": 226135.0,
        "trend": 33.943892,
        "fair_value": 37.438485,
        "relative_strength": -0.327683,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.896383,
        "energy": 40.934931,
        "activity_lines": [
          32.831694,
          33.421365,
          33.507472,
          33.654527
        ]
      },
      {
        "date": "2023-10-13",
        "close": 35.060215,
        "volume": 871800,
        "typical_volume": 261505.0,
        "trend": 33.947418,
        "fair_value": 37.494251,
        "relative_strength": 6.569433,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -30.493408,
        "energy": 16.657729,
        "activity_lines": [
          33.502625,
          33.645038,
          33.660361,
          33.726547
        ]
      },
      {
        "date": "2023-10-20",
        "close": 35.175133,
        "volume": 336000,
        "typical_volume": 260140.0,
        "trend": 33.963031,
        "fair_value": 37.533953,
        "relative_strength": 9.35578,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 21.004466,
        "energy": 11.405306,
        "activity_lines": [
          34.124155,
          33.884804,
          33.81901,
          33.805755
        ]
      },
      {
        "date": "2023-10-27",
        "close": 33.192768,
        "volume": 624400,
        "typical_volume": 281240.0,
        "trend": 33.874414,
        "fair_value": 37.582497,
        "relative_strength": 5.746578,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -6.132118,
        "energy": 7.004474,
        "activity_lines": [
          33.981882,
          33.750644,
          33.775859,
          33.75606
        ]
      },
      {
        "date": "2023-11-03",
        "close": 32.876732,
        "volume": 573300,
        "typical_volume": 297520.0,
        "trend": 33.817249,
        "fair_value": 37.603935,
        "relative_strength": -1.012361,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -26.91847,
        "energy": 14.323518,
        "activity_lines": [
          33.692666,
          33.586785,
          33.701547,
          33.691694
        ]
      },
      {
        "date": "2023-11-10",
        "close": 32.66605,
        "volume": 303500,
        "typical_volume": 304530.0,
        "trend": 33.7766,
        "fair_value": 37.623719,
        "relative_strength": -0.882742,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -49.148684,
        "energy": 21.8767,
        "activity_lines": [
          33.321731,
          33.402834,
          33.61111,
          33.617423
        ]
      },
      {
        "date": "2023-11-17",
        "close": 33.02039,
        "volume": 224300,
        "typical_volume": 304660.0,
        "trend": 33.778934,
        "fair_value": 37.653261,
        "relative_strength": -2.508528,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -45.442984,
        "energy": 28.083638,
        "activity_lines": [
          33.063801,
          33.330032,
          33.551775,
          33.568635
        ]
      },
      {
        "date": "2023-11-24",
        "close": 32.809696,
        "volume": 143300,
        "typical_volume": 302010.0,
        "trend": 33.646376,
        "fair_value": 37.681087,
        "relative_strength": -2.818901,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -48.951075,
        "energy": 34.139866,
        "activity_lines": [
          32.871628,
          33.23209,
          33.474684,
          33.506104
        ]
      },
      {
        "date": "2023-12-01",
        "close": 32.244667,
        "volume": 419900,
        "typical_volume": 314260.0,
        "trend": 33.506115,
        "fair_value": 37.70517,
        "relative_strength": -6.099093,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -56.084777,
        "energy": 41.103986,
        "activity_lines": [
          32.648808,
          33.046328,
          33.344409,
          33.415671
        ]
      },
      {
        "date": "2023-12-08",
        "close": 33.575836,
        "volume": 327600,
        "typical_volume": 320205.0,
        "trend": 33.454123,
        "fair_value": 37.740464,
        "relative_strength": -1.788344,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -44.356702,
        "energy": 24.455174,
        "activity_lines": [
          32.932918,
          33.10849,
          33.348283,
          33.420169
        ]
      },
      {
        "date": "2023-12-15",
        "close": 32.062717,
        "volume": 411100,
        "typical_volume": 329205.0,
        "trend": 33.392727,
        "fair_value": 37.768859,
        "relative_strength": -7.120768,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -53.351264,
        "energy": 28.035808,
        "activity_lines": [
          32.666047,
          32.879695,
          33.206668,
          33.330401
        ]
      },
      {
        "date": "2023-12-22",
        "close": 33.671597,
        "volume": 253000,
        "typical_volume": 317560.0,
        "trend": 33.382733,
        "fair_value": 37.805801,
        "relative_strength": -4.118728,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -29.688298,
        "energy": 13.742039,
        "activity_lines": [
          32.975693,
          32.952999,
          33.218323,
          33.348392
        ]
      },
      {
        "date": "2023-12-29",
        "close": 33.442177,
        "volume": 112400,
        "typical_volume": 314670.0,
        "trend": 33.415986,
        "fair_value": 37.843587,
        "relative_strength": -5.077298,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -27.133804,
        "energy": 11.807114,
        "activity_lines": [
          33.165451,
          33.009839,
          33.213484,
          33.352228
        ]
      },
      {
        "date": "2024-01-05",
        "close": 32.338943,
        "volume": 130800,
        "typical_volume": 307630.0,
        "trend": 33.394969,
        "fair_value": 37.880083,
        "relative_strength": -7.998812,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -35.917581,
        "energy": 15.961953,
        "activity_lines": [
          32.945299,
          32.897599,
          33.108293,
          33.282741
        ]
      },
      {
        "date": "2024-01-12",
        "close": 31.974411,
        "volume": 193600,
        "typical_volume": 307905.0,
        "trend": 33.337309,
        "fair_value": 37.921303,
        "relative_strength": -9.186156,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -47.800927,
        "energy": 21.655632,
        "activity_lines": [
          32.597351,
          32.734605,
          32.97972,
          33.191092
        ]
      },
      {
        "date": "2024-01-19",
        "close": 31.955215,
        "volume": 211800,
        "typical_volume": 309615.0,
        "trend": 33.332128,
        "fair_value": 37.951261,
        "relative_strength": -8.789609,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.580189,
        "energy": 35.100554,
        "activity_lines": [
          32.349767,
          32.584526,
          32.858387,
          33.101925
        ]
      },
      {
        "date": "2024-01-26",
        "close": 34.468655,
        "volume": 721000,
        "typical_volume": 338610.0,
        "trend": 33.364229,
        "fair_value": 38.006644,
        "relative_strength": -2.731296,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -15.68254,
        "energy": 9.266907,
        "activity_lines": [
          32.947162,
          32.90436,
          32.992051,
          33.175249
        ]
      },
      {
        "date": "2024-02-02",
        "close": 33.873867,
        "volume": 206300,
        "typical_volume": 338410.0,
        "trend": 33.395304,
        "fair_value": 38.051396,
        "relative_strength": -4.154617,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -9.542769,
        "energy": 6.034933,
        "activity_lines": [
          33.293158,
          33.08972,
          33.065621,
          33.208129
        ]
      },
      {
        "date": "2024-02-09",
        "close": 33.432587,
        "volume": 157500,
        "typical_volume": 336885.0,
        "trend": 33.38331,
        "fair_value": 38.101355,
        "relative_strength": -4.974006,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 2.914763,
        "energy": 8.30649,
        "activity_lines": [
          33.463281,
          33.175498,
          33.096002,
          33.210534
        ]
      },
      {
        "date": "2024-02-16",
        "close": 33.576481,
        "volume": 460300,
        "typical_volume": 343655.0,
        "trend": 33.393,
        "fair_value": 38.155828,
        "relative_strength": -5.49999,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 6.781531,
        "energy": 13.599804,
        "activity_lines": [
          33.608459,
          33.26584,
          33.135974,
          33.222997
        ]
      },
      {
        "date": "2024-02-23",
        "close": 32.482853,
        "volume": 294400,
        "typical_volume": 348815.0,
        "trend": 33.406705,
        "fair_value": 38.19209,
        "relative_strength": -9.011349,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -23.258019,
        "energy": 11.863129,
        "activity_lines": [
          33.282289,
          33.157328,
          33.067639,
          33.164278
        ]
      },
      {
        "date": "2024-03-01",
        "close": 31.139788,
        "volume": 1180900,
        "typical_volume": 364270.0,
        "trend": 33.284826,
        "fair_value": 38.144566,
        "relative_strength": -13.058464,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -57.678837,
        "energy": 36.136953,
        "activity_lines": [
          32.473256,
          32.796984,
          32.871899,
          33.018025
        ]
      },
      {
        "date": "2024-03-08",
        "close": 30.947916,
        "volume": 540300,
        "typical_volume": 374485.0,
        "trend": 33.16866,
        "fair_value": 38.116691,
        "relative_strength": -13.972706,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -62.36855,
        "energy": 53.713707,
        "activity_lines": [
          31.822189,
          32.447788,
          32.676555,
          32.867257
        ]
      },
      {
        "date": "2024-03-15",
        "close": 31.849689,
        "volume": 444700,
        "typical_volume": 365500.0,
        "trend": 33.072994,
        "fair_value": 38.104459,
        "relative_strength": -11.563863,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.355227,
        "energy": 54.854389,
        "activity_lines": [
          31.666777,
          32.3079,
          32.587224,
          32.782162
        ]
      },
      {
        "date": "2024-03-22",
        "close": 32.655533,
        "volume": 624400,
        "typical_volume": 368055.0,
        "trend": 33.03223,
        "fair_value": 38.097391,
        "relative_strength": -9.572228,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.23654,
        "energy": 50.58287,
        "activity_lines": [
          31.885507,
          32.323425,
          32.581036,
          32.755229
        ]
      },
      {
        "date": "2024-03-29",
        "close": 33.308475,
        "volume": 488000,
        "typical_volume": 377280.0,
        "trend": 32.967983,
        "fair_value": 38.088544,
        "relative_strength": -8.223219,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -36.123386,
        "energy": 18.919209,
        "activity_lines": [
          32.38328,
          32.445283,
          32.638085,
          32.773051
        ]
      },
      {
        "date": "2024-04-05",
        "close": 32.67421,
        "volume": 462000,
        "typical_volume": 389165.0,
        "trend": 32.932303,
        "fair_value": 38.069727,
        "relative_strength": -10.105812,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -28.87126,
        "energy": 14.741363,
        "activity_lines": [
          32.61459,
          32.427214,
          32.63167,
          32.754098
        ]
      },
      {
        "date": "2024-04-12",
        "close": 31.37685,
        "volume": 288600,
        "typical_volume": 396430.0,
        "trend": 32.857201,
        "fair_value": 38.026767,
        "relative_strength": -12.017174,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -42.401948,
        "energy": 18.687963,
        "activity_lines": [
          32.311151,
          32.205889,
          32.503344,
          32.653746
        ]
      },
      {
        "date": "2024-04-19",
        "close": 29.416399,
        "volume": 1171600,
        "typical_volume": 434015.0,
        "trend": 32.752121,
        "fair_value": 37.962778,
        "relative_strength": -16.925357,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.43964,
        "energy": 41.06233,
        "activity_lines": [
          31.325634,
          31.673518,
          32.195132,
          32.431759
        ]
      },
      {
        "date": "2024-04-26",
        "close": 29.118486,
        "volume": 527400,
        "typical_volume": 444005.0,
        "trend": 32.632592,
        "fair_value": 37.895967,
        "relative_strength": -17.927947,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.775648,
        "energy": 72.571016,
        "activity_lines": [
          30.403031,
          31.160003,
          31.872016,
          32.197331
        ]
      },
      {
        "date": "2024-05-03",
        "close": 29.310684,
        "volume": 513900,
        "typical_volume": 449145.0,
        "trend": 32.523301,
        "fair_value": 37.820952,
        "relative_strength": -16.869563,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.849832,
        "energy": 76.941083,
        "activity_lines": [
          29.780298,
          30.762487,
          31.588429,
          31.983014
        ]
      },
      {
        "date": "2024-05-10",
        "close": 28.138264,
        "volume": 1195700,
        "typical_volume": 496280.0,
        "trend": 32.292569,
        "fair_value": 37.746458,
        "relative_strength": -21.053822,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.101109,
        "energy": 81.924368,
        "activity_lines": [
          29.033277,
          30.20948,
          31.206289,
          31.700108
        ]
      },
      {
        "date": "2024-05-17",
        "close": 28.301632,
        "volume": 443700,
        "typical_volume": 512845.0,
        "trend": 32.063452,
        "fair_value": 37.681654,
        "relative_strength": -20.761201,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.05106,
        "energy": 81.28582,
        "activity_lines": [
          28.643109,
          29.74075,
          30.866056,
          31.442629
        ]
      },
      {
        "date": "2024-05-24",
        "close": 27.936447,
        "volume": 242100,
        "typical_volume": 518410.0,
        "trend": 31.888242,
        "fair_value": 37.607205,
        "relative_strength": -20.842804,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.096933,
        "energy": 80.182879,
        "activity_lines": [
          28.336227,
          29.253736,
          30.515523,
          31.17637
        ]
      },
      {
        "date": "2024-05-31",
        "close": 27.926836,
        "volume": 368400,
        "typical_volume": 527150.0,
        "trend": 31.723245,
        "fair_value": 37.540851,
        "relative_strength": -20.331153,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.354635,
        "energy": 76.67646,
        "activity_lines": [
          28.124805,
          28.836125,
          30.185038,
          30.920796
        ]
      },
      {
        "date": "2024-06-07",
        "close": 28.724476,
        "volume": 288300,
        "typical_volume": 530975.0,
        "trend": 31.591859,
        "fair_value": 37.485758,
        "relative_strength": -16.72142,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.233556,
        "energy": 58.797808,
        "activity_lines": [
          28.258706,
          28.649515,
          29.949794,
          30.727327
        ]
      },
      {
        "date": "2024-06-14",
        "close": 28.003719,
        "volume": 283600,
        "typical_volume": 509105.0,
        "trend": 31.424637,
        "fair_value": 37.410766,
        "relative_strength": -17.030461,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.628729,
        "energy": 53.927438,
        "activity_lines": [
          28.191436,
          28.415204,
          29.66129,
          30.495834
        ]
      },
      {
        "date": "2024-06-21",
        "close": 27.292576,
        "volume": 419500,
        "typical_volume": 519765.0,
        "trend": 31.240733,
        "fair_value": 37.299501,
        "relative_strength": -18.431922,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.288795,
        "energy": 56.413122,
        "activity_lines": [
          27.896087,
          28.136513,
          29.335844,
          30.229249
        ]
      },
      {
        "date": "2024-06-28",
        "close": 27.205151,
        "volume": 391600,
        "typical_volume": 531470.0,
        "trend": 31.072749,
        "fair_value": 37.184146,
        "relative_strength": -19.468132,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.350819,
        "energy": 54.910503,
        "activity_lines": [
          27.638867,
          27.916186,
          29.033412,
          29.968889
        ]
      },
      {
        "date": "2024-07-05",
        "close": 27.137598,
        "volume": 168400,
        "typical_volume": 516875.0,
        "trend": 30.858141,
        "fair_value": 37.068844,
        "relative_strength": -19.905473,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.695977,
        "energy": 58.754102,
        "activity_lines": [
          27.407882,
          27.72378,
          28.7542,
          29.715008
        ]
      },
      {
        "date": "2024-07-12",
        "close": 28.633446,
        "volume": 420600,
        "typical_volume": 523185.0,
        "trend": 30.743832,
        "fair_value": 36.971897,
        "relative_strength": -17.362043,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.033403,
        "energy": 47.061603,
        "activity_lines": [
          27.72813,
          27.839363,
          28.648111,
          29.57148
        ]
      },
      {
        "date": "2024-07-19",
        "close": 28.942268,
        "volume": 430600,
        "typical_volume": 485670.0,
        "trend": 30.586188,
        "fair_value": 36.873946,
        "relative_strength": -16.169647,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.09768,
        "energy": 33.300964,
        "activity_lines": [
          28.157386,
          28.02341,
          28.589764,
          29.45525
        ]
      },
      {
        "date": "2024-07-26",
        "close": 31.837461,
        "volume": 535600,
        "typical_volume": 485435.0,
        "trend": 30.532697,
        "fair_value": 36.786885,
        "relative_strength": -8.092038,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "down",
        "direction": -0.212479,
        "energy": 14.830888,
        "activity_lines": [
          29.489137,
          28.719236,
          28.817614,
          29.535977
        ]
      },
      {
        "date": "2024-08-02",
        "close": 30.592527,
        "volume": 451600,
        "typical_volume": 485780.0,
        "trend": 30.474483,
        "fair_value": 36.700304,
        "relative_strength": -8.957111,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "down",
        "direction": 1.110045,
        "energy": 22.967423,
        "activity_lines": [
          30.102918,
          29.124423,
          28.922664,
          29.539837
        ]
      },
      {
        "date": "2024-08-09",
        "close": 28.874712,
        "volume": 324500,
        "typical_volume": 470785.0,
        "trend": 30.37116,
        "fair_value": 36.598938,
        "relative_strength": -13.961444,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "down",
        "direction": -5.02538,
        "energy": 22.814443,
        "activity_lines": [
          29.918269,
          29.168988,
          28.870098,
          29.436626
        ]
      },
      {
        "date": "2024-08-16",
        "close": 30.061741,
        "volume": 251900,
        "typical_volume": 458980.0,
        "trend": 30.308044,
        "fair_value": 36.500677,
        "relative_strength": -12.813096,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -0.744329,
        "energy": 20.543524,
        "activity_lines": [
          30.013488,
          29.412142,
          28.948586,
          29.416663
        ]
      },
      {
        "date": "2024-08-23",
        "close": 31.161911,
        "volume": 259600,
        "typical_volume": 448860.0,
        "trend": 30.197819,
        "fair_value": 36.409529,
        "relative_strength": -10.093383,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 28.456172,
        "energy": 33.433985,
        "activity_lines": [
          30.380211,
          29.831013,
          29.147314,
          29.471752
        ]
      },
      {
        "date": "2024-08-30",
        "close": 31.161911,
        "volume": 357200,
        "typical_volume": 452290.0,
        "trend": 30.107421,
        "fair_value": 36.316493,
        "relative_strength": -9.882094,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 26.590669,
        "energy": 23.727455,
        "activity_lines": [
          30.598958,
          30.192463,
          29.353242,
          29.533951
        ]
      },
      {
        "date": "2024-09-06",
        "close": 28.932615,
        "volume": 212600,
        "typical_volume": 404340.0,
        "trend": 29.957422,
        "fair_value": 36.225481,
        "relative_strength": -13.794718,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 8.025799,
        "energy": 12.920604,
        "activity_lines": [
          30.119643,
          30.078234,
          29.347881,
          29.458157
        ]
      },
      {
        "date": "2024-09-13",
        "close": 28.894011,
        "volume": 253300,
        "typical_volume": 390635.0,
        "trend": 29.801339,
        "fair_value": 36.14877,
        "relative_strength": -16.343487,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": -7.86155,
        "energy": 8.009944,
        "activity_lines": [
          29.738121,
          29.925578,
          29.341146,
          29.38955
        ]
      },
      {
        "date": "2024-09-20",
        "close": 29.916979,
        "volume": 398700,
        "typical_volume": 384875.0,
        "trend": 29.71581,
        "fair_value": 36.073868,
        "relative_strength": -14.022224,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 4.278705,
        "energy": 5.42464,
        "activity_lines": [
          29.696301,
          29.926981,
          29.432906,
          29.397011
        ]
      },
      {
        "date": "2024-09-27",
        "close": 30.626726,
        "volume": 376100,
        "typical_volume": 343895.0,
        "trend": 29.698708,
        "fair_value": 36.01703,
        "relative_strength": -11.851452,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 11.014692,
        "energy": 9.029132,
        "activity_lines": [
          29.900715,
          30.034093,
          29.589374,
          29.455779
        ]
      },
      {
        "date": "2024-10-04",
        "close": 30.336147,
        "volume": 509900,
        "typical_volume": 347205.0,
        "trend": 29.678316,
        "fair_value": 35.958876,
        "relative_strength": -12.926676,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 8.870743,
        "energy": 6.562413,
        "activity_lines": [
          30.043948,
          30.057745,
          29.706318,
          29.496904
        ]
      },
      {
        "date": "2024-10-11",
        "close": 31.605001,
        "volume": 250900,
        "typical_volume": 347645.0,
        "trend": 29.67016,
        "fair_value": 35.902343,
        "relative_strength": -9.81466,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 30.450806,
        "energy": 30.391721,
        "activity_lines": [
          30.665183,
          30.339395,
          29.934417,
          29.621207
        ]
      },
      {
        "date": "2024-10-18",
        "close": 31.730909,
        "volume": 240400,
        "typical_volume": 341245.0,
        "trend": 29.639339,
        "fair_value": 35.850087,
        "relative_strength": -10.058257,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.897779,
        "energy": 50.716533,
        "activity_lines": [
          31.150228,
          30.625528,
          30.157038,
          29.754158
        ]
      },
      {
        "date": "2024-10-25",
        "close": 31.343481,
        "volume": 281400,
        "typical_volume": 340900.0,
        "trend": 29.573839,
        "fair_value": 35.790234,
        "relative_strength": -9.251417,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.110791,
        "energy": 51.942557,
        "activity_lines": [
          31.317004,
          30.789289,
          30.324646,
          29.864103
        ]
      },
      {
        "date": "2024-11-01",
        "close": 29.774366,
        "volume": 767900,
        "typical_volume": 365115.0,
        "trend": 29.477178,
        "fair_value": 35.684834,
        "relative_strength": -12.540213,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 49.548501,
        "energy": 38.267115,
        "activity_lines": [
          30.865642,
          30.644452,
          30.330343,
          29.87704
        ]
      },
      {
        "date": "2024-11-08",
        "close": 30.268347,
        "volume": 267400,
        "typical_volume": 357510.0,
        "trend": 29.440228,
        "fair_value": 35.586802,
        "relative_strength": -12.372071,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 45.878253,
        "energy": 22.822542,
        "activity_lines": [
          30.635764,
          30.614658,
          30.374655,
          29.928083
        ]
      },
      {
        "date": "2024-11-15",
        "close": 30.307091,
        "volume": 264500,
        "typical_volume": 351155.0,
        "trend": 29.469917,
        "fair_value": 35.483052,
        "relative_strength": -12.215688,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 32.04433,
        "energy": 14.969423,
        "activity_lines": [
          30.423321,
          30.608155,
          30.408486,
          29.98401
        ]
      },
      {
        "date": "2024-11-22",
        "close": 30.878555,
        "volume": 310100,
        "typical_volume": 358240.0,
        "trend": 29.528586,
        "fair_value": 35.39934,
        "relative_strength": -11.995792,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 33.698617,
        "energy": 16.543049,
        "activity_lines": [
          30.487893,
          30.680564,
          30.481971,
          30.07489
        ]
      },
      {
        "date": "2024-11-29",
        "close": 31.59531,
        "volume": 181500,
        "typical_volume": 346285.0,
        "trend": 29.60474,
        "fair_value": 35.33824,
        "relative_strength": -10.236765,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.06511,
        "energy": 24.505551,
        "activity_lines": [
          30.848207,
          30.847209,
          30.605904,
          30.208227
        ]
      },
      {
        "date": "2024-12-06",
        "close": 33.484055,
        "volume": 369000,
        "typical_volume": 343205.0,
        "trend": 29.782934,
        "fair_value": 35.288335,
        "relative_strength": -4.567427,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.672937,
        "energy": 52.913449,
        "activity_lines": [
          31.821314,
          31.326748,
          30.895614,
          30.458505
        ]
      },
      {
        "date": "2024-12-13",
        "close": 32.738247,
        "volume": 469000,
        "typical_volume": 339875.0,
        "trend": 29.930821,
        "fair_value": 35.233953,
        "relative_strength": -4.794462,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.386564,
        "energy": 57.992703,
        "activity_lines": [
          32.298506,
          31.618733,
          31.092666,
          30.649171
        ]
      },
      {
        "date": "2024-12-20",
        "close": 32.457352,
        "volume": 331300,
        "typical_volume": 333860.0,
        "trend": 30.081518,
        "fair_value": 35.166387,
        "relative_strength": -2.61867,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.184514,
        "energy": 58.894262,
        "activity_lines": [
          32.517406,
          31.815973,
          31.258678,
          30.812173
        ]
      },
      {
        "date": "2024-12-27",
        "close": 32.670864,
        "volume": 73400,
        "typical_volume": 321305.0,
        "trend": 30.239652,
        "fair_value": 35.083999,
        "relative_strength": -2.371103,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.339928,
        "energy": 60.836498,
        "activity_lines": [
          32.664126,
          32.036535,
          31.436144,
          30.979227
        ]
      },
      {
        "date": "2025-01-03",
        "close": 32.68058,
        "volume": 134800,
        "typical_volume": 315450.0,
        "trend": 30.371522,
        "fair_value": 35.017317,
        "relative_strength": -3.088321,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.203917,
        "energy": 46.012232,
        "activity_lines": [
          32.694597,
          32.241774,
          31.596458,
          31.136706
        ]
      },
      {
        "date": "2025-01-10",
        "close": 30.862831,
        "volume": 306200,
        "typical_volume": 317780.0,
        "trend": 30.466826,
        "fair_value": 34.936669,
        "relative_strength": -6.980012,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 34.344663,
        "energy": 21.218525,
        "activity_lines": [
          32.046801,
          32.092202,
          31.571182,
          31.168404
        ]
      },
      {
        "date": "2025-01-17",
        "close": 30.47401,
        "volume": 270000,
        "typical_volume": 313420.0,
        "trend": 30.572873,
        "fair_value": 34.871973,
        "relative_strength": -8.842471,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 20.09137,
        "energy": 12.204534,
        "activity_lines": [
          31.444146,
          31.852145,
          31.510301,
          31.168867
        ]
      },
      {
        "date": "2025-01-24",
        "close": 30.99892,
        "volume": 138100,
        "typical_volume": 309695.0,
        "trend": 30.699332,
        "fair_value": 34.815207,
        "relative_strength": -8.182036,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 19.725859,
        "energy": 16.202521,
        "activity_lines": [
          31.16741,
          31.703787,
          31.502686,
          31.196354
        ]
      },
      {
        "date": "2025-01-31",
        "close": 29.910215,
        "volume": 239500,
        "typical_volume": 309005.0,
        "trend": 30.791753,
        "fair_value": 34.710983,
        "relative_strength": -11.069559,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -24.393548,
        "energy": 26.533682,
        "activity_lines": [
          30.625002,
          31.344904,
          31.381545,
          31.145443
        ]
      },
      {
        "date": "2025-02-07",
        "close": 30.221273,
        "volume": 349400,
        "typical_volume": 306540.0,
        "trend": 30.844681,
        "fair_value": 34.6135,
        "relative_strength": -9.291821,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -20.565162,
        "energy": 29.321635,
        "activity_lines": [
          30.370322,
          31.060183,
          31.285191,
          31.108638
        ]
      },
      {
        "date": "2025-02-14",
        "close": 29.26866,
        "volume": 246000,
        "typical_volume": 300035.0,
        "trend": 30.85556,
        "fair_value": 34.528356,
        "relative_strength": -11.73114,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.008562,
        "energy": 44.91119,
        "activity_lines": [
          29.962059,
          30.627242,
          31.096662,
          31.00696
        ]
      },
      {
        "date": "2025-02-21",
        "close": 30.221273,
        "volume": 262200,
        "typical_volume": 287650.0,
        "trend": 30.801687,
        "fair_value": 34.4425,
        "relative_strength": -7.2075,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -21.485702,
        "energy": 40.699341,
        "activity_lines": [
          29.977612,
          30.444147,
          31.005325,
          30.966038
        ]
      },
      {
        "date": "2025-02-28",
        "close": 26.644102,
        "volume": 1245600,
        "typical_volume": 337385.0,
        "trend": 30.670073,
        "fair_value": 34.345096,
        "relative_strength": -18.506424,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -57.043916,
        "energy": 62.736491,
        "activity_lines": [
          28.817623,
          29.65642,
          30.573852,
          30.697806
        ]
      },
      {
        "date": "2025-03-07",
        "close": 25.866455,
        "volume": 584400,
        "typical_volume": 354585.0,
        "trend": 30.569798,
        "fair_value": 34.255247,
        "relative_strength": -18.394874,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -86.39617,
        "energy": 84.681221,
        "activity_lines": [
          27.68874,
          28.832999,
          30.091941,
          30.387896
        ]
      },
      {
        "date": "2025-03-14",
        "close": 24.699986,
        "volume": 537400,
        "typical_volume": 367385.0,
        "trend": 30.391073,
        "fair_value": 34.130163,
        "relative_strength": -20.886208,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -87.835315,
        "energy": 92.521918,
        "activity_lines": [
          26.440617,
          27.921209,
          29.526863,
          30.009198
        ]
      },
      {
        "date": "2025-03-21",
        "close": 24.690268,
        "volume": 519900,
        "typical_volume": 354985.0,
        "trend": 30.175351,
        "fair_value": 34.021027,
        "relative_strength": -21.643629,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.302916,
        "energy": 92.312661,
        "activity_lines": [
          25.557342,
          27.152753,
          28.992496,
          29.641404
        ]
      },
      {
        "date": "2025-03-28",
        "close": 24.133068,
        "volume": 387100,
        "typical_volume": 360970.0,
        "trend": 29.941057,
        "fair_value": 33.915379,
        "relative_strength": -22.13816,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.386803,
        "energy": 91.13014,
        "activity_lines": [
          24.793559,
          26.395217,
          28.429272,
          29.251579
        ]
      },
      {
        "date": "2025-04-04",
        "close": 22.082104,
        "volume": 963000,
        "typical_volume": 395895.0,
        "trend": 29.712706,
        "fair_value": 33.785262,
        "relative_strength": -23.338804,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -88.010807,
        "energy": 94.342383,
        "activity_lines": [
          23.752002,
          25.380069,
          27.699934,
          28.74455
        ]
      },
      {
        "date": "2025-04-11",
        "close": 21.867237,
        "volume": 1035000,
        "typical_volume": 432140.0,
        "trend": 29.47848,
        "fair_value": 33.651455,
        "relative_strength": -24.764663,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -82.312337,
        "energy": 90.678999,
        "activity_lines": [
          22.942955,
          24.487977,
          26.989299,
          28.238391
        ]
      },
      {
        "date": "2025-04-18",
        "close": 21.632841,
        "volume": 828300,
        "typical_volume": 464480.0,
        "trend": 29.202342,
        "fair_value": 33.518641,
        "relative_strength": -26.913704,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.793874,
        "energy": 82.806806,
        "activity_lines": [
          22.322391,
          23.699504,
          26.299251,
          27.732221
        ]
      },
      {
        "date": "2025-04-25",
        "close": 23.576378,
        "volume": 1189400,
        "typical_volume": 505500.0,
        "trend": 28.967331,
        "fair_value": 33.388485,
        "relative_strength": -21.558429,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.240084,
        "energy": 66.076229,
        "activity_lines": [
          22.554149,
          23.420555,
          25.841742,
          27.369255
        ]
      },
      {
        "date": "2025-05-02",
        "close": 22.404396,
        "volume": 683200,
        "typical_volume": 516210.0,
        "trend": 28.702939,
        "fair_value": 33.24053,
        "relative_strength": -25.897648,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.820041,
        "energy": 62.873014,
        "activity_lines": [
          22.469506,
          23.032014,
          25.319796,
          26.94584
        ]
      },
      {
        "date": "2025-05-09",
        "close": 23.869373,
        "volume": 451600,
        "typical_volume": 522225.0,
        "trend": 28.445085,
        "fair_value": 33.118704,
        "relative_strength": -21.668745,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.859221,
        "energy": 52.356374,
        "activity_lines": [
          22.988433,
          23.051957,
          24.98658,
          26.633997
        ]
      },
      {
        "date": "2025-05-16",
        "close": 25.187853,
        "volume": 305800,
        "typical_volume": 533845.0,
        "trend": 28.226983,
        "fair_value": 33.011418,
        "relative_strength": -18.920444,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.448819,
        "energy": 34.083287,
        "activity_lines": [
          23.827703,
          23.362074,
          24.819829,
          26.423853
        ]
      },
      {
        "date": "2025-05-23",
        "close": 23.898672,
        "volume": 182000,
        "typical_volume": 536205.0,
        "trend": 27.978823,
        "fair_value": 32.891607,
        "relative_strength": -22.387671,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.727613,
        "energy": 28.901061,
        "activity_lines": [
          24.015871,
          23.450133,
          24.565932,
          26.144607
        ]
      },
      {
        "date": "2025-05-30",
        "close": 23.439648,
        "volume": 403800,
        "typical_volume": 541085.0,
        "trend": 27.767665,
        "fair_value": 32.772992,
        "relative_strength": -24.297848,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.615649,
        "energy": 25.800378,
        "activity_lines": [
          23.899975,
          23.469301,
          24.310137,
          25.851757
        ]
      },
      {
        "date": "2025-06-06",
        "close": 23.097818,
        "volume": 457400,
        "typical_volume": 550455.0,
        "trend": 27.528648,
        "fair_value": 32.659065,
        "relative_strength": -25.597103,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.588771,
        "energy": 29.45405,
        "activity_lines": [
          23.679252,
          23.449058,
          24.057135,
          25.550477
        ]
      },
      {
        "date": "2025-06-13",
        "close": 23.000153,
        "volume": 686200,
        "typical_volume": 577860.0,
        "trend": 27.285083,
        "fair_value": 32.553886,
        "relative_strength": -25.602902,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.230258,
        "energy": 38.374087,
        "activity_lines": [
          23.379745,
          23.42988,
          23.829956,
          25.258316
        ]
      },
      {
        "date": "2025-06-20",
        "close": 22.785288,
        "volume": 1321400,
        "typical_volume": 631955.0,
        "trend": 27.015308,
        "fair_value": 32.438503,
        "relative_strength": -25.781849,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.768596,
        "energy": 40.384742,
        "activity_lines": [
          23.066565,
          23.354944,
          23.620404,
          24.968006
        ]
      },
      {
        "date": "2025-06-27",
        "close": 22.314571,
        "volume": 838300,
        "typical_volume": 656400.0,
        "trend": 26.70595,
        "fair_value": 32.325825,
        "relative_strength": -27.353781,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.611322,
        "energy": 43.028375,
        "activity_lines": [
          22.75665,
          23.177731,
          23.39995,
          24.664733
        ]
      },
      {
        "date": "2025-07-04",
        "close": 23.149035,
        "volume": 1722800,
        "typical_volume": 730240.0,
        "trend": 26.361449,
        "fair_value": 32.204008,
        "relative_strength": -25.1679,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.229507,
        "energy": 39.431207,
        "activity_lines": [
          22.830496,
          23.139844,
          23.296619,
          24.435255
        ]
      },
      {
        "date": "2025-07-11",
        "close": 24.052221,
        "volume": 1444000,
        "typical_volume": 789330.0,
        "trend": 26.071915,
        "fair_value": 32.093155,
        "relative_strength": -21.67781,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.379466,
        "energy": 30.601989,
        "activity_lines": [
          23.224779,
          23.273942,
          23.308447,
          24.286272
        ]
      },
      {
        "date": "2025-07-18",
        "close": 24.837601,
        "volume": 419900,
        "typical_volume": 748045.0,
        "trend": 25.817923,
        "fair_value": 31.950205,
        "relative_strength": -19.482176,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -13.636371,
        "energy": 8.96771,
        "activity_lines": [
          23.817228,
          23.520876,
          23.42445,
          24.206639
        ]
      },
      {
        "date": "2025-07-25",
        "close": 25.063398,
        "volume": 600600,
        "typical_volume": 748855.0,
        "trend": 25.564341,
        "fair_value": 31.820329,
        "relative_strength": -18.612693,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -1.344784,
        "energy": 13.365399,
        "activity_lines": [
          24.362447,
          23.79126,
          23.570559,
          24.15796
        ]
      },
      {
        "date": "2025-08-01",
        "close": 21.696085,
        "volume": 1884200,
        "typical_volume": 816195.0,
        "trend": 25.198191,
        "fair_value": 31.669416,
        "relative_strength": -27.598557,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.193705,
        "energy": 18.463538,
        "activity_lines": [
          23.633353,
          23.451668,
          23.399796,
          23.908395
        ]
      },
      {
        "date": "2025-08-08",
        "close": 21.136501,
        "volume": 886100,
        "typical_volume": 834505.0,
        "trend": 24.87398,
        "fair_value": 31.511993,
        "relative_strength": -30.701765,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.685628,
        "energy": 33.214051,
        "activity_lines": [
          22.758964,
          23.050381,
          23.190044,
          23.646351
        ]
      },
      {
        "date": "2025-08-15",
        "close": 22.618906,
        "volume": 722200,
        "typical_volume": 851260.0,
        "trend": 24.612143,
        "fair_value": 31.370526,
        "relative_strength": -25.589117,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.278486,
        "energy": 37.980914,
        "activity_lines": [
          22.512879,
          22.960497,
          23.138396,
          23.500862
        ]
      },
      {
        "date": "2025-08-22",
        "close": 22.883968,
        "volume": 323800,
        "typical_volume": 819300.0,
        "trend": 24.341645,
        "fair_value": 31.235384,
        "relative_strength": -25.152232,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.236745,
        "energy": 40.734079,
        "activity_lines": [
          22.450702,
          22.927514,
          23.119202,
          23.389367
        ]
      },
      {
        "date": "2025-08-29",
        "close": 22.196766,
        "volume": 558200,
        "typical_volume": 795460.0,
        "trend": 24.08453,
        "fair_value": 31.097237,
        "relative_strength": -27.265126,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.58819,
        "energy": 48.186044,
        "activity_lines": [
          22.2897,
          22.771697,
          23.030742,
          23.250988
        ]
      },
      {
        "date": "2025-09-05",
        "close": 22.206581,
        "volume": 333400,
        "typical_volume": 770715.0,
        "trend": 23.817374,
        "fair_value": 30.949474,
        "relative_strength": -27.793422,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.820993,
        "energy": 30.61902,
        "activity_lines": [
          22.323079,
          22.628365,
          22.941647,
          23.12983
        ]
      },
      {
        "date": "2025-09-12",
        "close": 21.489923,
        "volume": 491500,
        "typical_volume": 735820.0,
        "trend": 23.558082,
        "fair_value": 30.810143,
        "relative_strength": -30.054902,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.810167,
        "energy": 36.359122,
        "activity_lines": [
          22.083539,
          22.356696,
          22.781567,
          22.979671
        ]
      },
      {
        "date": "2025-09-19",
        "close": 21.784439,
        "volume": 587300,
        "typical_volume": 731025.0,
        "trend": 23.276854,
        "fair_value": 30.688041,
        "relative_strength": -29.577184,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.044016,
        "energy": 37.747203,
        "activity_lines": [
          21.918609,
          22.16874,
          22.659472,
          22.865243
        ]
      },
      {
        "date": "2025-09-26",
        "close": 19.391327,
        "volume": 901300,
        "typical_volume": 753510.0,
        "trend": 23.035095,
        "fair_value": 30.55894,
        "relative_strength": -36.562552,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -79.586248,
        "energy": 64.514123,
        "activity_lines": [
          21.011606,
          21.586906,
          22.312414,
          22.614564
        ]
      },
      {
        "date": "2025-10-03",
        "close": 19.440695,
        "volume": 1232300,
        "typical_volume": 799835.0,
        "trend": 22.820903,
        "fair_value": 30.420281,
        "relative_strength": -37.157184,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.125994,
        "energy": 74.947248,
        "activity_lines": [
          20.353902,
          21.11307,
          21.991381,
          22.382667
        ]
      },
      {
        "date": "2025-10-10",
        "close": 18.364494,
        "volume": 784300,
        "typical_volume": 829950.0,
        "trend": 22.60972,
        "fair_value": 30.274296,
        "relative_strength": -38.615072,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -82.519872,
        "energy": 83.699022,
        "activity_lines": [
          19.521202,
          20.545793,
          21.595221,
          22.095157
        ]
      },
      {
        "date": "2025-10-17",
        "close": 18.838417,
        "volume": 560000,
        "typical_volume": 837760.0,
        "trend": 22.414659,
        "fair_value": 30.124522,
        "relative_strength": -36.777969,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.579377,
        "energy": 82.301676,
        "activity_lines": [
          19.102616,
          20.125258,
          21.270549,
          21.851847
        ]
      },
      {
        "date": "2025-10-24",
        "close": 20.260185,
        "volume": 965000,
        "typical_volume": 863140.0,
        "trend": 22.285562,
        "fair_value": 29.984654,
        "relative_strength": -31.740351,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.122398,
        "energy": 70.115015,
        "activity_lines": [
          19.334719,
          20.005009,
          21.103194,
          21.712848
        ]
      },
      {
        "date": "2025-10-31",
        "close": 20.566259,
        "volume": 1366600,
        "typical_volume": 897160.0,
        "trend": 22.235034,
        "fair_value": 29.91045,
        "relative_strength": -29.740496,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.558709,
        "energy": 47.543748,
        "activity_lines": [
          19.770465,
          19.983296,
          20.978502,
          21.601926
        ]
      },
      {
        "date": "2025-11-07",
        "close": 19.648035,
        "volume": 643200,
        "typical_volume": 863250.0,
        "trend": 22.161061,
        "fair_value": 29.832188,
        "relative_strength": -31.323064,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.688085,
        "energy": 39.432201,
        "activity_lines": [
          19.821806,
          19.836774,
          20.77795,
          21.435022
        ]
      },
      {
        "date": "2025-11-14",
        "close": 19.440695,
        "volume": 449600,
        "typical_volume": 843815.0,
        "trend": 22.087989,
        "fair_value": 29.760034,
        "relative_strength": -32.190014,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.356961,
        "energy": 32.739045,
        "activity_lines": [
          19.790212,
          19.698894,
          20.57259,
          21.259515
        ]
      },
      {
        "date": "2025-11-21",
        "close": 19.450569,
        "volume": 578700,
        "typical_volume": 786610.0,
        "trend": 21.950462,
        "fair_value": 29.675996,
        "relative_strength": -30.984227,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.162416,
        "energy": 33.586778,
        "activity_lines": [
          19.690162,
          19.613098,
          20.381856,
          21.089359
        ]
      },
      {
        "date": "2025-11-28",
        "close": 20.3293,
        "volume": 575200,
        "typical_volume": 743170.0,
        "trend": 21.881293,
        "fair_value": 29.596006,
        "relative_strength": -29.831782,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -43.735409,
        "energy": 30.694309,
        "activity_lines": [
          19.842213,
          19.72415,
          20.292423,
          20.984768
        ]
      },
      {
        "date": "2025-12-05",
        "close": 20.309553,
        "volume": 294400,
        "typical_volume": 736895.0,
        "trend": 21.762632,
        "fair_value": 29.532043,
        "relative_strength": -28.768691,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.516485,
        "energy": 25.315746,
        "activity_lines": [
          19.983073,
          19.85807,
          20.218836,
          20.883365
        ]
      },
      {
        "date": "2025-12-12",
        "close": 19.845503,
        "volume": 719600,
        "typical_volume": 742845.0,
        "trend": 21.584554,
        "fair_value": 29.464983,
        "relative_strength": -29.88719,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -40.376998,
        "energy": 22.332415,
        "activity_lines": [
          19.986364,
          19.890921,
          20.122617,
          20.759679
        ]
      },
      {
        "date": "2025-12-19",
        "close": 20.13183,
        "volume": 557400,
        "typical_volume": 676505.0,
        "trend": 21.458992,
        "fair_value": 29.394029,
        "relative_strength": -28.334922,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.407867,
        "energy": 16.881536,
        "activity_lines": [
          20.071933,
          19.968472,
          20.078514,
          20.665955
        ]
      },
      {
        "date": "2025-12-26",
        "close": 19.886013,
        "volume": 284200,
        "typical_volume": 646410.0,
        "trend": 21.340538,
        "fair_value": 29.318017,
        "relative_strength": -28.670312,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.537062,
        "energy": 18.975721,
        "activity_lines": [
          20.029487,
          19.969195,
          20.018449,
          20.564473
        ]
      },
      {
        "date": "2026-01-02",
        "close": 19.111233,
        "volume": 439300,
        "typical_volume": 632265.0,
        "trend": 21.207651,
        "fair_value": 29.230016,
        "relative_strength": -30.113143,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.362975,
        "energy": 32.367102,
        "activity_lines": [
          19.699751,
          19.810002,
          19.89055,
          20.420647
        ]
      },
      {
        "date": "2026-01-09",
        "close": 20.154205,
        "volume": 514800,
        "typical_volume": 641815.0,
        "trend": 21.112787,
        "fair_value": 29.150654,
        "relative_strength": -26.918501,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.353689,
        "energy": 25.09234,
        "activity_lines": [
          19.798877,
          19.86133,
          19.878685,
          20.352682
        ]
      },
      {
        "date": "2026-01-16",
        "close": 18.694042,
        "volume": 750100,
        "typical_volume": 651410.0,
        "trend": 20.976412,
        "fair_value": 29.058574,
        "relative_strength": -32.086997,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.83585,
        "energy": 40.287161,
        "activity_lines": [
          19.421639,
          19.654667,
          19.740756,
          20.196634
        ]
      },
      {
        "date": "2026-01-23",
        "close": 19.32976,
        "volume": 567100,
        "typical_volume": 663095.0,
        "trend": 20.876918,
        "fair_value": 28.977348,
        "relative_strength": -28.959105,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.028721,
        "energy": 38.140581,
        "activity_lines": [
          19.333071,
          19.580933,
          19.68005,
          20.090399
        ]
      },
      {
        "date": "2026-01-30",
        "close": 18.485449,
        "volume": 710200,
        "typical_volume": 674030.0,
        "trend": 20.721465,
        "fair_value": 28.873243,
        "relative_strength": -28.469977,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.933063,
        "energy": 51.669132,
        "activity_lines": [
          19.016537,
          19.355705,
          19.552634,
          19.93611
        ]
      },
      {
        "date": "2026-02-06",
        "close": 19.558222,
        "volume": 521000,
        "typical_volume": 670715.0,
        "trend": 20.571665,
        "fair_value": 28.777542,
        "relative_strength": -24.545473,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.907353,
        "energy": 44.691521,
        "activity_lines": [
          19.150965,
          19.343075,
          19.541693,
          19.861063
        ]
      },
      {
        "date": "2026-02-13",
        "close": 19.488689,
        "volume": 671900,
        "typical_volume": 659245.0,
        "trend": 20.393368,
        "fair_value": 28.674188,
        "relative_strength": -25.175671,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.052251,
        "energy": 28.57287,
        "activity_lines": [
          19.232416,
          19.331822,
          19.534731,
          19.791193
        ]
      },
      {
        "date": "2026-02-20",
        "close": 19.538355,
        "volume": 414700,
        "typical_volume": 618365.0,
        "trend": 20.2092,
        "fair_value": 28.573169,
        "relative_strength": -25.499633,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.375746,
        "energy": 20.635154,
        "activity_lines": [
          19.37479,
          19.344524,
          19.532035,
          19.736031
        ]
      },
      {
        "date": "2026-02-27",
        "close": 19.121166,
        "volume": 405200,
        "typical_volume": 599410.0,
        "trend": 20.123369,
        "fair_value": 28.468498,
        "relative_strength": -27.312148,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.160786,
        "energy": 17.34617,
        "activity_lines": [
          19.321814,
          19.286958,
          19.489143,
          19.665835
        ]
      },
      {
        "date": "2026-03-06",
        "close": 18.346386,
        "volume": 526100,
        "typical_volume": 597715.0,
        "trend": 20.030366,
        "fair_value": 28.360143,
        "relative_strength": -26.707129,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.139076,
        "energy": 30.612562,
        "activity_lines": [
          19.024484,
          19.106898,
          19.368858,
          19.551191
        ]
      },
      {
        "date": "2026-03-13",
        "close": 18.475515,
        "volume": 826000,
        "typical_volume": 590765.0,
        "trend": 19.892252,
        "fair_value": 28.254509,
        "relative_strength": -24.117199,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.985641,
        "energy": 37.150326,
        "activity_lines": [
          18.779468,
          18.97831,
          19.263215,
          19.450878
        ]
      },
      {
        "date": "2026-03-20",
        "close": 17.32328,
        "volume": 1546000,
        "typical_volume": 599735.0,
        "trend": 19.706896,
        "fair_value": 28.143076,
        "relative_strength": -25.23037,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.679888,
        "energy": 63.098515,
        "activity_lines": [
          18.222554,
          18.651783,
          19.056333,
          19.285138
        ]
      },
      {
        "date": "2026-03-27",
        "close": 17.6,
        "volume": 568900,
        "typical_volume": 596020.0,
        "trend": 19.553671,
        "fair_value": 28.026081,
        "relative_strength": -24.735396,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.038711,
        "energy": 65.834107,
        "activity_lines": [
          17.90224,
          18.42704,
          18.891248,
          19.149209
        ]
      },
      {
        "date": "2026-04-03",
        "close": 17.690001,
        "volume": 642600,
        "typical_volume": 605670.0,
        "trend": 19.403118,
        "fair_value": 27.917737,
        "relative_strength": -26.161659,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.240789,
        "energy": 65.043543,
        "activity_lines": [
          17.741151,
          18.238552,
          18.744487,
          19.028972
        ]
      },
      {
        "date": "2026-04-10",
        "close": 18.629999,
        "volume": 962000,
        "typical_volume": 624835.0,
        "trend": 19.307787,
        "fair_value": 27.819945,
        "relative_strength": -22.826738,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.372153,
        "energy": 51.283057,
        "activity_lines": [
          17.988805,
          18.250787,
          18.695587,
          18.979094
        ]
      },
      {
        "date": "2026-04-17",
        "close": 18.700001,
        "volume": 834000,
        "typical_volume": 637775.0,
        "trend": 19.204973,
        "fair_value": 27.728597,
        "relative_strength": -23.283681,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.184752,
        "energy": 30.502011,
        "activity_lines": [
          18.240886,
          18.273122,
          18.657261,
          18.939882
        ]
      },
      {
        "date": "2026-04-24",
        "close": 18.605387,
        "volume": 600900,
        "typical_volume": 653100.0,
        "trend": 19.178775,
        "fair_value": 27.612051,
        "relative_strength": -21.817595,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.167673,
        "energy": 18.446196,
        "activity_lines": [
          18.446463,
          18.293858,
          18.617682,
          18.901199
        ]
      },
      {
        "date": "2026-05-01",
        "close": 20.225409,
        "volume": 1620500,
        "typical_volume": 698145.0,
        "trend": 19.204932,
        "fair_value": 27.508032,
        "relative_strength": -14.277147,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -5.370975,
        "energy": 14.682607,
        "activity_lines": [
          19.106573,
          18.625203,
          18.740507,
          18.968724
        ]
      },
      {
        "date": "2026-05-08",
        "close": 19.718531,
        "volume": 1266600,
        "typical_volume": 733605.0,
        "trend": 19.250066,
        "fair_value": 27.409204,
        "relative_strength": -16.041993,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 15.839666,
        "energy": 21.683045,
        "activity_lines": [
          19.422697,
          18.851897,
          18.813248,
          19.001859
        ]
      },
      {
        "date": "2026-05-15",
        "close": 18.704775,
        "volume": 1541800,
        "typical_volume": 796485.0,
        "trend": 19.245612,
        "fair_value": 27.311769,
        "relative_strength": -18.838798,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 7.222083,
        "energy": 15.787731,
        "activity_lines": [
          19.265667,
          18.883411,
          18.791409,
          18.966679
        ]
      },
      {
        "date": "2026-05-22",
        "close": 18.734592,
        "volume": 1415500,
        "typical_volume": 845295.0,
        "trend": 19.194758,
        "fair_value": 27.214098,
        "relative_strength": -19.348814,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -12.631504,
        "energy": 15.02531,
        "activity_lines": [
          19.113591,
          18.913829,
          18.778035,
          18.93371
        ]
      },
      {
        "date": "2026-05-29",
        "close": 18.565632,
        "volume": 1261000,
        "typical_volume": 882605.0,
        "trend": 19.128071,
        "fair_value": 27.12513,
        "relative_strength": -19.934458,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -30.534426,
        "energy": 11.833334,
        "activity_lines": [
          18.902888,
          18.908817,
          18.750363,
          18.893121
        ]
      },
      {
        "date": "2026-06-05",
        "close": 18.804163,
        "volume": 162300,
        "typical_volume": 853215.0,
        "trend": 19.099942,
        "fair_value": 27.034327,
        "relative_strength": -17.286617,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -30.044779,
        "energy": 16.465137,
        "activity_lines": [
          18.774347,
          18.924587,
          18.752973,
          18.872224
        ]
      },
      {
        "date": "2026-06-12",
        "close": 18.953243,
        "volume": 437500,
        "typical_volume": 846735.0,
        "trend": 19.083693,
        "fair_value": 26.939769,
        "relative_strength": -17.097125,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -29.040884,
        "energy": 14.984695,
        "activity_lines": [
          18.790248,
          18.945567,
          18.769257,
          18.86276
        ]
      },
      {
        "date": "2026-06-19",
        "close": 18.436428,
        "volume": 80100,
        "typical_volume": 815230.0,
        "trend": 19.049889,
        "fair_value": 26.852114,
        "relative_strength": -18.63369,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -38.811782,
        "energy": 19.364512,
        "activity_lines": [
          18.684897,
          18.849614,
          18.738113,
          18.821
        ]
      },
      {
        "date": "2026-06-26",
        "close": 20.32,
        "volume": 374700,
        "typical_volume": 807915.0,
        "trend": 19.049579,
        "fair_value": 26.767591,
        "relative_strength": -9.665398,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 23.903491,
        "energy": 22.132301,
        "activity_lines": [
          19.225293,
          19.099647,
          18.88659,
          18.902943
        ]
      },
      {
        "date": "2026-07-03",
        "close": 21.15,
        "volume": 183600,
        "typical_volume": 783500.0,
        "trend": 19.077594,
        "fair_value": 26.692003,
        "relative_strength": -5.969528,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 45.345003,
        "energy": 52.943302,
        "activity_lines": [
          19.936662,
          19.471135,
          19.110487,
          19.038454
        ]
      },
      {
        "date": "2026-07-10",
        "close": 21.84,
        "volume": 695300,
        "typical_volume": 797530.0,
        "trend": 19.144077,
        "fair_value": 26.615385,
        "relative_strength": -2.261849,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 80.142422,
        "energy": 78.082542,
        "activity_lines": [
          20.70574,
          19.921812,
          19.392188,
          19.216674
        ]
      },
      {
        "date": "2026-07-17",
        "close": 22.389999,
        "volume": 574000,
        "typical_volume": 805970.0,
        "trend": 19.219349,
        "fair_value": 26.545541,
        "relative_strength": 1.160589,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.717766,
        "energy": 86.272115,
        "activity_lines": [
          21.455762,
          20.443132,
          19.715309,
          19.426088
        ]
      },
      {
        "date": "2026-07-24",
        "close": 22.77,
        "volume": 675500,
        "typical_volume": 813440.0,
        "trend": 19.315482,
        "fair_value": 26.485914,
        "relative_strength": 3.420067,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.638265,
        "energy": 87.318432,
        "activity_lines": [
          22.103333,
          20.984972,
          20.059055,
          19.655162
        ]
      },
      {
        "date": "2026-07-31",
        "close": 20.58,
        "volume": 1365100,
        "typical_volume": 840395.0,
        "trend": 19.364441,
        "fair_value": 26.394785,
        "relative_strength": -5.508846,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.947677,
        "energy": 74.966762,
        "activity_lines": [
          21.732,
          21.054716,
          20.173165,
          19.736744
        ]
      },
      {
        "date": "2026-08-07",
        "close": 20.65,
        "volume": 551600,
        "typical_volume": 790675.0,
        "trend": 19.380967,
        "fair_value": 26.306433,
        "relative_strength": -7.640904,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.747928,
        "energy": 48.092675,
        "activity_lines": [
          21.366667,
          21.103635,
          20.28392,
          19.819684
        ]
      }
    ],
    "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."
    }
  }
}