{
  "ticker": {
    "uuid": "d89dba62-8d0c-4ad4-9762-ae040d239651",
    "symbol": "ABDP",
    "name": "AB Dynamics plc",
    "exchange": "LSE",
    "country": "GB",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^FTSE",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -83.958,
    "architecture_energy": 86.21,
    "architecture_maturity": 62.0,
    "architecture_confidence": 75.163,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 21.64,
        "rotation_up": 8.38,
        "upward_expansion": 18.96,
        "deceleration": 37.02,
        "rotation_down": 77.31,
        "downward_expansion": 89.96
      },
      "activity_lines": [
        874.666667,
        954.109091,
        1005.040455,
        1042.192974
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 770.0,
    "trend_reference": 1104.548141,
    "distance_from_trend": -0.302882,
    "trend_direction": "Weakening",
    "fair_value": 1604.125646,
    "distance_from_fair_value": -0.519988,
    "fair_value_direction": "Weakening",
    "relative_strength": -41.462854,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.407674,
    "excess_performance": -0.458909,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.302882,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.079478,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.519988,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.116659,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.414629,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.099492,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.407674,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.27684,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 296160,
      "relative_activity": 0.962549,
      "balance": 1.27684,
      "dry_up": 1.211934,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.131358,
      "annualized_volatility": 0.593978,
      "from_high_reference": -0.479689,
      "from_low_reference": 0.072423
    },
    "levels": {
      "trend_reference": 1104.548141,
      "fair_value_reference": 1604.125646,
      "structural_low": 718.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 34,
        "median_return": -0.00526,
        "positive_rate": 0.470588,
        "directional_follow_through": 0.529412,
        "median_excess_return": -0.011223,
        "regime_survival": 0.852941,
        "best_return": 0.227273,
        "worst_return": -0.285714,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": -0.029412,
        "positive_rate": 0.454545,
        "directional_follow_through": 0.545455,
        "median_excess_return": -0.04731,
        "regime_survival": 0.636364,
        "best_return": 0.201835,
        "worst_return": -0.278137,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.162469,
        "positive_rate": 0.166667,
        "directional_follow_through": 0.833333,
        "median_excess_return": -0.185886,
        "regime_survival": 0.666667,
        "best_return": 0.005995,
        "worst_return": -0.22484,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.233884,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.345394,
        "regime_survival": 0.333333,
        "best_return": 0.158253,
        "worst_return": -0.299444,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-01-26",
        "end": "2024-02-16",
        "tenure": "New",
        "return": 0.038038,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-02-23",
        "end": "2024-04-05",
        "tenure": "Developing",
        "return": -0.074792,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-04-12",
        "end": "2024-05-10",
        "tenure": "Developing",
        "return": 0.101879,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-17",
        "end": "2024-07-05",
        "tenure": "Developing",
        "return": 0.024752,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-07-12",
        "end": "2024-10-04",
        "tenure": "Established",
        "return": -0.117925,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-10-11",
        "end": "2024-10-18",
        "tenure": "New",
        "return": 0.019022,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-10-25",
        "end": "2024-11-22",
        "tenure": "Developing",
        "return": 0.187135,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-29",
        "end": "2025-01-24",
        "tenure": "Developing",
        "return": -0.120073,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-31",
        "end": "2025-05-16",
        "tenure": "Established",
        "return": 0.090661,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": -0.129944,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-07-18",
        "end": "2025-12-19",
        "tenure": "Established",
        "return": -0.133779,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-12-26",
        "end": "2026-01-16",
        "tenure": "New",
        "return": 0.047294,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-23",
        "end": "2026-03-13",
        "tenure": "Developing",
        "return": -0.091633,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-20",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": -0.299978,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-11",
        "close": 1764.716797,
        "volume": 44419,
        "typical_volume": 225554.0,
        "trend": 1813.115491,
        "fair_value": 1741.393851,
        "relative_strength": 6.312531,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -24.074355,
        "energy": 31.811018,
        "activity_lines": [
          1777.381437,
          1810.436697,
          1847.154444,
          1836.065616
        ]
      },
      {
        "date": "2023-08-18",
        "close": 1739.720703,
        "volume": 37358,
        "typical_volume": 214634.85,
        "trend": 1815.949003,
        "fair_value": 1741.394895,
        "relative_strength": 7.990676,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -28.06512,
        "energy": 27.981258,
        "activity_lines": [
          1764.716772,
          1788.712902,
          1836.966089,
          1831.330469
        ]
      },
      {
        "date": "2023-08-25",
        "close": 1759.717529,
        "volume": 81735,
        "typical_volume": 204354.35,
        "trend": 1819.449076,
        "fair_value": 1740.915306,
        "relative_strength": 7.397917,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -22.976542,
        "energy": 29.866823,
        "activity_lines": [
          1762.050521,
          1775.714988,
          1829.277234,
          1827.702632
        ]
      },
      {
        "date": "2023-09-01",
        "close": 1759.717529,
        "volume": 304714,
        "typical_volume": 211720.3,
        "trend": 1818.283289,
        "fair_value": 1741.172707,
        "relative_strength": 4.991473,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -29.879502,
        "energy": 31.07256,
        "activity_lines": [
          1757.384586,
          1767.988954,
          1821.969169,
          1823.848984
        ]
      },
      {
        "date": "2023-09-08",
        "close": 1689.728638,
        "volume": 49349,
        "typical_volume": 203681.15,
        "trend": 1814.867855,
        "fair_value": 1740.885331,
        "relative_strength": 0.18063,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -44.098077,
        "energy": 44.965796,
        "activity_lines": [
          1734.05494,
          1751.355233,
          1808.114426,
          1815.555135
        ]
      },
      {
        "date": "2023-09-15",
        "close": 1664.732666,
        "volume": 72380,
        "typical_volume": 198242.75,
        "trend": 1810.035986,
        "fair_value": 1740.565899,
        "relative_strength": -4.642949,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -71.9166,
        "energy": 60.082014,
        "activity_lines": [
          1708.059082,
          1733.630784,
          1791.926633,
          1805.868994
        ]
      },
      {
        "date": "2023-09-22",
        "close": 1674.731201,
        "volume": 83675,
        "typical_volume": 192412.8,
        "trend": 1806.037321,
        "fair_value": 1739.124962,
        "relative_strength": -4.122908,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.664729,
        "energy": 64.647335,
        "activity_lines": [
          1692.061678,
          1719.905719,
          1777.048072,
          1797.139653
        ]
      },
      {
        "date": "2023-09-29",
        "close": 1729.72229,
        "volume": 306550,
        "typical_volume": 198761.65,
        "trend": 1804.204964,
        "fair_value": 1738.677397,
        "relative_strength": -0.486032,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.464397,
        "energy": 56.560156,
        "activity_lines": [
          1698.72727,
          1718.269609,
          1767.859066,
          1792.216102
        ]
      },
      {
        "date": "2023-10-06",
        "close": 1599.743042,
        "volume": 118239,
        "typical_volume": 197616.2,
        "trend": 1800.872815,
        "fair_value": 1736.8519,
        "relative_strength": -6.646263,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.781316,
        "energy": 67.895075,
        "activity_lines": [
          1664.06613,
          1693.000908,
          1746.457725,
          1779.025011
        ]
      },
      {
        "date": "2023-10-13",
        "close": 1509.757568,
        "volume": 528776,
        "typical_volume": 199438.9,
        "trend": 1796.540804,
        "fair_value": 1734.449572,
        "relative_strength": -13.124229,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -85.670287,
        "energy": 79.751283,
        "activity_lines": [
          1610.074796,
          1655.552361,
          1717.914681,
          1760.243382
        ]
      },
      {
        "date": "2023-10-20",
        "close": 1419.772095,
        "volume": 249775,
        "typical_volume": 169221.5,
        "trend": 1782.710396,
        "fair_value": 1731.566542,
        "relative_strength": -16.112981,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -88.78198,
        "energy": 89.163187,
        "activity_lines": [
          1538.086377,
          1606.560234,
          1682.896494,
          1735.935723
        ]
      },
      {
        "date": "2023-10-27",
        "close": 1409.773682,
        "volume": 450436,
        "typical_volume": 177535.5,
        "trend": 1767.546879,
        "fair_value": 1728.475226,
        "relative_strength": -15.374495,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -83.201273,
        "energy": 92.618045,
        "activity_lines": [
          1479.095858,
          1562.021935,
          1649.830373,
          1711.87529
        ]
      },
      {
        "date": "2023-11-03",
        "close": 1439.768921,
        "volume": 96945,
        "typical_volume": 168766.65,
        "trend": 1754.216394,
        "fair_value": 1724.502743,
        "relative_strength": -14.856789,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.227546,
        "energy": 88.638154,
        "activity_lines": [
          1447.767586,
          1528.936353,
          1622.525238,
          1690.728325
        ]
      },
      {
        "date": "2023-11-10",
        "close": 1504.758423,
        "volume": 209667,
        "typical_volume": 163270.65,
        "trend": 1744.885242,
        "fair_value": 1720.530295,
        "relative_strength": -10.201648,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.421094,
        "energy": 85.068164,
        "activity_lines": [
          1457.432707,
          1513.484291,
          1604.313875,
          1674.634262
        ]
      },
      {
        "date": "2023-11-17",
        "close": 1579.74646,
        "volume": 133723,
        "typical_volume": 165824.3,
        "trend": 1740.88654,
        "fair_value": 1716.878323,
        "relative_strength": -7.436622,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.952143,
        "energy": 55.138046,
        "activity_lines": [
          1498.426148,
          1516.302038,
          1595.458159,
          1663.980147
        ]
      },
      {
        "date": "2023-11-24",
        "close": 1619.73999,
        "volume": 160610,
        "typical_volume": 167800.45,
        "trend": 1736.88785,
        "fair_value": 1714.57219,
        "relative_strength": -4.886843,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.112013,
        "energy": 33.011983,
        "activity_lines": [
          1548.084839,
          1528.391011,
          1591.839693,
          1656.164241
        ]
      },
      {
        "date": "2023-12-01",
        "close": 1794.711792,
        "volume": 392895,
        "typical_volume": 182727.15,
        "trend": 1737.721045,
        "fair_value": 1713.003154,
        "relative_strength": 4.610371,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -3.699068,
        "energy": 20.44138,
        "activity_lines": [
          1642.736271,
          1573.111088,
          1605.670796,
          1659.894818
        ]
      },
      {
        "date": "2023-12-08",
        "close": 1819.708008,
        "volume": 252158,
        "typical_volume": 189940.15,
        "trend": 1739.554085,
        "fair_value": 1711.59435,
        "relative_strength": 5.490557,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 6.463223,
        "energy": 29.567608,
        "activity_lines": [
          1720.057235,
          1620.194467,
          1621.858686,
          1665.184299
        ]
      },
      {
        "date": "2023-12-22",
        "close": 1809.709595,
        "volume": 179894,
        "typical_volume": 192538.7,
        "trend": 1736.55457,
        "fair_value": 1709.576718,
        "relative_strength": 2.822284,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 31.762087,
        "energy": 43.002646,
        "activity_lines": [
          1768.716122,
          1663.823848,
          1636.665842,
          1669.710461
        ]
      },
      {
        "date": "2023-12-29",
        "close": 1789.712769,
        "volume": 32734,
        "typical_volume": 189301.6,
        "trend": 1731.222095,
        "fair_value": 1709.449619,
        "relative_strength": 1.156117,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 24.923415,
        "energy": 41.580623,
        "activity_lines": [
          1790.379322,
          1699.999869,
          1649.663762,
          1673.140023
        ]
      },
      {
        "date": "2024-01-05",
        "close": 1739.720703,
        "volume": 158584,
        "typical_volume": 195009.85,
        "trend": 1721.556978,
        "fair_value": 1709.066146,
        "relative_strength": -1.196437,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 23.88024,
        "energy": 49.945905,
        "activity_lines": [
          1781.380746,
          1721.996329,
          1657.829116,
          1673.68832
        ]
      },
      {
        "date": "2024-01-12",
        "close": 1649.735229,
        "volume": 101599,
        "typical_volume": 198221.9,
        "trend": 1709.225623,
        "fair_value": 1708.266057,
        "relative_strength": -5.525289,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 14.90795,
        "energy": 21.687574,
        "activity_lines": [
          1734.388297,
          1721.814546,
          1657.543454,
          1669.054659
        ]
      },
      {
        "date": "2024-01-19",
        "close": 1669.731934,
        "volume": 153385,
        "typical_volume": 201804.4,
        "trend": 1696.56099,
        "fair_value": 1705.959953,
        "relative_strength": -2.411852,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 0.207485,
        "energy": 5.961076,
        "activity_lines": [
          1703.726522,
          1720.905591,
          1659.590742,
          1666.506679
        ]
      },
      {
        "date": "2024-01-26",
        "close": 1709.725464,
        "volume": 187652,
        "typical_volume": 195951.3,
        "trend": 1687.895715,
        "fair_value": 1704.03839,
        "relative_strength": -2.44739,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -4.189318,
        "energy": 10.782586,
        "activity_lines": [
          1696.394328,
          1723.087041,
          1665.875441,
          1667.356
        ]
      },
      {
        "date": "2024-02-02",
        "close": 1784.713501,
        "volume": 138280,
        "typical_volume": 200397.85,
        "trend": 1684.729557,
        "fair_value": 1701.956655,
        "relative_strength": 1.910553,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 18.513442,
        "energy": 13.818693,
        "activity_lines": [
          1720.723755,
          1735.176005,
          1679.539915,
          1673.602308
        ]
      },
      {
        "date": "2024-02-09",
        "close": 1754.762085,
        "volume": 176825,
        "typical_volume": 205620.1,
        "trend": 1683.731177,
        "fair_value": 1700.06715,
        "relative_strength": 0.762818,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 15.554901,
        "energy": 14.971411,
        "activity_lines": [
          1735.402661,
          1738.092585,
          1689.899565,
          1678.120536
        ]
      },
      {
        "date": "2024-02-16",
        "close": 1774.759399,
        "volume": 94019,
        "typical_volume": 206137.3,
        "trend": 1683.232731,
        "fair_value": 1696.703638,
        "relative_strength": 0.049669,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 56.100078,
        "energy": 40.35503,
        "activity_lines": [
          1755.74458,
          1742.190092,
          1701.735009,
          1683.993324
        ]
      },
      {
        "date": "2024-02-23",
        "close": 1804.755249,
        "volume": 101793,
        "typical_volume": 195899.45,
        "trend": 1685.73383,
        "fair_value": 1694.045108,
        "relative_strength": 1.742997,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.701212,
        "energy": 52.731819,
        "activity_lines": [
          1777.750171,
          1752.104161,
          1715.950875,
          1691.833487
        ]
      },
      {
        "date": "2024-03-01",
        "close": 1849.749146,
        "volume": 154484,
        "typical_volume": 197711.7,
        "trend": 1686.401925,
        "fair_value": 1693.08493,
        "relative_strength": 4.489229,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.090986,
        "energy": 60.505412,
        "activity_lines": [
          1805.752173,
          1770.470807,
          1734.094575,
          1702.41512
        ]
      },
      {
        "date": "2024-03-08",
        "close": 1849.749146,
        "volume": 92289,
        "typical_volume": 175887.35,
        "trend": 1688.903052,
        "fair_value": 1691.163433,
        "relative_strength": 4.652478,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.280796,
        "energy": 66.235312,
        "activity_lines": [
          1824.419263,
          1788.109462,
          1751.04777,
          1712.953651
        ]
      },
      {
        "date": "2024-03-15",
        "close": 1819.753296,
        "volume": 97855,
        "typical_volume": 168291.35,
        "trend": 1690.737602,
        "fair_value": 1689.626448,
        "relative_strength": 1.916412,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.85841,
        "energy": 62.266741,
        "activity_lines": [
          1828.752027,
          1799.202754,
          1763.52521,
          1721.395602
        ]
      },
      {
        "date": "2024-03-22",
        "close": 1754.762085,
        "volume": 140994,
        "typical_volume": 152819.25,
        "trend": 1691.238981,
        "fair_value": 1687.89716,
        "relative_strength": -4.22699,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.723798,
        "energy": 38.783369,
        "activity_lines": [
          1807.088306,
          1797.024325,
          1767.908338,
          1725.526214
        ]
      },
      {
        "date": "2024-03-29",
        "close": 1684.771484,
        "volume": 98982,
        "typical_volume": 152921.1,
        "trend": 1688.74078,
        "fair_value": 1686.584398,
        "relative_strength": -8.02309,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 25.579994,
        "energy": 15.509597,
        "activity_lines": [
          1763.427539,
          1780.210753,
          1763.982893,
          1725.108956
        ]
      },
      {
        "date": "2024-04-05",
        "close": 1669.77356,
        "volume": 84265,
        "typical_volume": 146651.0,
        "trend": 1685.742647,
        "fair_value": 1684.086005,
        "relative_strength": -8.109594,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 10.947772,
        "energy": 15.459874,
        "activity_lines": [
          1722.766382,
          1760.39684,
          1757.462395,
          1723.885264
        ]
      },
      {
        "date": "2024-04-12",
        "close": 1742.263794,
        "volume": 198097,
        "typical_volume": 149869.7,
        "trend": 1687.493819,
        "fair_value": 1682.180468,
        "relative_strength": -4.975428,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 10.1696,
        "energy": 18.321121,
        "activity_lines": [
          1718.267009,
          1754.489367,
          1757.059942,
          1727.53179
        ]
      },
      {
        "date": "2024-04-19",
        "close": 1759.761353,
        "volume": 151538,
        "typical_volume": 149416.1,
        "trend": 1690.661442,
        "fair_value": 1680.899796,
        "relative_strength": -2.777823,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 11.648645,
        "energy": 16.463462,
        "activity_lines": [
          1726.765845,
          1752.535081,
          1757.550032,
          1732.194211
        ]
      },
      {
        "date": "2024-04-26",
        "close": 1789.757324,
        "volume": 244766,
        "typical_volume": 142009.65,
        "trend": 1694.495646,
        "fair_value": 1679.234619,
        "relative_strength": -4.124515,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 24.740417,
        "energy": 12.8515,
        "activity_lines": [
          1749.262801,
          1755.943712,
          1760.230113,
          1738.587494
        ]
      },
      {
        "date": "2024-05-03",
        "close": 1824.775879,
        "volume": 283882,
        "typical_volume": 143595.85,
        "trend": 1697.664099,
        "fair_value": 1677.473479,
        "relative_strength": -3.134914,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 45.202961,
        "energy": 26.079146,
        "activity_lines": [
          1781.099593,
          1765.446664,
          1766.268886,
          1746.99267
        ]
      },
      {
        "date": "2024-05-10",
        "close": 1919.764282,
        "volume": 184201,
        "typical_volume": 143811.2,
        "trend": 1708.331474,
        "fair_value": 1676.641681,
        "relative_strength": -0.755469,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 71.497483,
        "energy": 58.120132,
        "activity_lines": [
          1835.26556,
          1791.856223,
          1781.330042,
          1761.321714
        ]
      },
      {
        "date": "2024-05-17",
        "close": 2019.751953,
        "volume": 215270,
        "typical_volume": 152938.0,
        "trend": 1725.331287,
        "fair_value": 1674.848634,
        "relative_strength": 4.473204,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.961244,
        "energy": 78.863434,
        "activity_lines": [
          1906.094702,
          1835.172357,
          1805.389762,
          1781.413358
        ]
      },
      {
        "date": "2024-05-24",
        "close": 2179.732178,
        "volume": 167115,
        "typical_volume": 153364.55,
        "trend": 1750.663289,
        "fair_value": 1672.991609,
        "relative_strength": 13.976637,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 93.280507,
        "energy": 91.8902,
        "activity_lines": [
          2011.751375,
          1904.484843,
          1843.59027,
          1810.729545
        ]
      },
      {
        "date": "2024-05-31",
        "close": 2249.723633,
        "volume": 147526,
        "typical_volume": 155660.9,
        "trend": 1778.661621,
        "fair_value": 1672.67274,
        "relative_strength": 18.075989,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 91.952697,
        "energy": 96.392532,
        "activity_lines": [
          2112.740479,
          1979.977979,
          1886.361339,
          1842.926986
        ]
      },
      {
        "date": "2024-06-07",
        "close": 2169.733398,
        "volume": 120754,
        "typical_volume": 154029.35,
        "trend": 1802.99377,
        "fair_value": 1671.680787,
        "relative_strength": 14.327024,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.231458,
        "energy": 89.594834,
        "activity_lines": [
          2156.40175,
          2031.928134,
          1918.657202,
          1868.157423
        ]
      },
      {
        "date": "2024-06-14",
        "close": 2099.741943,
        "volume": 142766,
        "typical_volume": 151785.05,
        "trend": 1822.826554,
        "fair_value": 1671.10536,
        "relative_strength": 12.064125,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.704436,
        "energy": 87.088638,
        "activity_lines": [
          2153.735368,
          2062.335081,
          1941.906252,
          1887.302467
        ]
      },
      {
        "date": "2024-06-21",
        "close": 2109.740723,
        "volume": 101358,
        "typical_volume": 149938.95,
        "trend": 1840.49303,
        "fair_value": 1670.882427,
        "relative_strength": 11.469233,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.462421,
        "energy": 71.667657,
        "activity_lines": [
          2142.403402,
          2086.742381,
          1964.250346,
          1905.813058
        ]
      },
      {
        "date": "2024-06-28",
        "close": 2049.748047,
        "volume": 85144,
        "typical_volume": 145354.9,
        "trend": 1854.826632,
        "fair_value": 1670.242877,
        "relative_strength": 9.393908,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.500009,
        "energy": 50.87726,
        "activity_lines": [
          2105.074626,
          2093.560522,
          1979.333104,
          1919.313382
        ]
      },
      {
        "date": "2024-07-05",
        "close": 2069.74585,
        "volume": 122498,
        "typical_volume": 146778.85,
        "trend": 1863.994434,
        "fair_value": 1669.411082,
        "relative_strength": 9.900336,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 46.14712,
        "energy": 37.150605,
        "activity_lines": [
          2083.077393,
          2098.742143,
          1994.915719,
          1933.179138
        ]
      },
      {
        "date": "2024-07-12",
        "close": 2119.739502,
        "volume": 212345,
        "typical_volume": 152306.45,
        "trend": 1873.995483,
        "fair_value": 1669.09202,
        "relative_strength": 11.784441,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 47.663157,
        "energy": 35.918502,
        "activity_lines": [
          2089.743229,
          2107.922818,
          2013.854936,
          1949.67882
        ]
      },
      {
        "date": "2024-07-19",
        "close": 2119.739502,
        "volume": 95213,
        "typical_volume": 149342.9,
        "trend": 1884.329814,
        "fair_value": 1668.837051,
        "relative_strength": 12.93539,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 46.311268,
        "energy": 34.238931,
        "activity_lines": [
          2099.741992,
          2111.740519,
          2031.294229,
          1965.533273
        ]
      },
      {
        "date": "2024-07-26",
        "close": 2089.743408,
        "volume": 112087,
        "typical_volume": 150332.8,
        "trend": 1894.330835,
        "fair_value": 1668.325706,
        "relative_strength": 9.348206,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 44.307774,
        "energy": 33.371301,
        "activity_lines": [
          2098.408887,
          2106.46847,
          2044.591083,
          1978.785763
        ]
      },
      {
        "date": "2024-08-02",
        "close": 1929.762939,
        "volume": 139248,
        "typical_volume": 152402.45,
        "trend": 1900.665576,
        "fair_value": 1666.917021,
        "relative_strength": 2.362967,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 25.732983,
        "energy": 17.384857,
        "activity_lines": [
          2045.082112,
          2070.836492,
          2041.508871,
          1981.071705
        ]
      },
      {
        "date": "2024-08-09",
        "close": 1849.772705,
        "volume": 153570,
        "typical_volume": 153031.25,
        "trend": 1907.333492,
        "fair_value": 1664.707184,
        "relative_strength": -1.733984,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -7.087916,
        "energy": 15.618274,
        "activity_lines": [
          1973.090934,
          2025.205731,
          2030.284687,
          1977.788294
        ]
      },
      {
        "date": "2024-08-16",
        "close": 1969.757935,
        "volume": 66941,
        "typical_volume": 151429.2,
        "trend": 1917.334359,
        "fair_value": 1663.683055,
        "relative_strength": 2.814814,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 8.296969,
        "energy": 21.302859,
        "activity_lines": [
          1955.759709,
          2008.6623,
          2030.035235,
          1981.815677
        ]
      },
      {
        "date": "2024-08-23",
        "close": 1994.755005,
        "volume": 110015,
        "typical_volume": 152716.7,
        "trend": 1926.835343,
        "fair_value": 1663.55618,
        "relative_strength": 3.914734,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 5.257609,
        "energy": 21.784902,
        "activity_lines": [
          1956.759611,
          2000.299709,
          2030.809379,
          1986.810558
        ]
      },
      {
        "date": "2024-08-30",
        "close": 2059.74707,
        "volume": 134403,
        "typical_volume": 149532.0,
        "trend": 1936.003129,
        "fair_value": 1664.775197,
        "relative_strength": 6.621032,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 15.135743,
        "energy": 16.268892,
        "activity_lines": [
          1987.755835,
          2005.662711,
          2036.225713,
          1995.385508
        ]
      },
      {
        "date": "2024-09-06",
        "close": 1949.760498,
        "volume": 73770,
        "typical_volume": 145643.6,
        "trend": 1942.503076,
        "fair_value": 1665.57757,
        "relative_strength": 3.31231,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 4.270827,
        "energy": 5.277038,
        "activity_lines": [
          1984.089624,
          1991.937129,
          2029.655309,
          1996.27308
        ]
      },
      {
        "date": "2024-09-13",
        "close": 1859.771606,
        "volume": 70201,
        "typical_volume": 136915.35,
        "trend": 1945.336816,
        "fair_value": 1665.514694,
        "relative_strength": -2.537629,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -9.325813,
        "energy": 11.838899,
        "activity_lines": [
          1949.093945,
          1963.667887,
          2013.609778,
          1990.935566
        ]
      },
      {
        "date": "2024-09-20",
        "close": 1919.764282,
        "volume": 108414,
        "typical_volume": 128141.95,
        "trend": 1949.170451,
        "fair_value": 1666.060696,
        "relative_strength": 0.986808,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -15.322853,
        "energy": 16.200701,
        "activity_lines": [
          1933.429232,
          1950.124117,
          2002.944433,
          1989.285725
        ]
      },
      {
        "date": "2024-09-27",
        "close": 1939.761719,
        "volume": 608214,
        "typical_volume": 149342.6,
        "trend": 1952.17087,
        "fair_value": 1666.831016,
        "relative_strength": 0.797965,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -14.470297,
        "energy": 23.512024,
        "activity_lines": [
          1927.76324,
          1943.852157,
          1993.73128,
          1988.67871
        ]
      },
      {
        "date": "2024-10-04",
        "close": 1869.770142,
        "volume": 167911,
        "typical_volume": 146974.65,
        "trend": 1952.838236,
        "fair_value": 1668.306261,
        "relative_strength": -2.354796,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -32.475961,
        "energy": 37.307147,
        "activity_lines": [
          1902.432943,
          1928.12678,
          1977.757037,
          1983.362534
        ]
      },
      {
        "date": "2024-10-11",
        "close": 1839.773926,
        "volume": 396607,
        "typical_volume": 158449.25,
        "trend": 1953.505591,
        "fair_value": 1668.243371,
        "relative_strength": -3.683858,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -36.665755,
        "energy": 37.795425,
        "activity_lines": [
          1879.769035,
          1910.947059,
          1959.640211,
          1976.068062
        ]
      },
      {
        "date": "2024-10-18",
        "close": 1874.769653,
        "volume": 366005,
        "typical_volume": 169373.2,
        "trend": 1957.505843,
        "fair_value": 1668.212548,
        "relative_strength": -3.286065,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -28.723314,
        "energy": 31.988662,
        "activity_lines": [
          1876.102808,
          1901.766362,
          1946.475159,
          1970.988324
        ]
      },
      {
        "date": "2024-10-25",
        "close": 1709.789917,
        "volume": 174490,
        "typical_volume": 172060.0,
        "trend": 1958.339791,
        "fair_value": 1667.41256,
        "relative_strength": -10.74053,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.871362,
        "energy": 62.756078,
        "activity_lines": [
          1816.443465,
          1862.134859,
          1919.383247,
          1955.006652
        ]
      },
      {
        "date": "2024-11-01",
        "close": 1814.776978,
        "volume": 187675,
        "typical_volume": 174305.45,
        "trend": 1963.173238,
        "fair_value": 1666.901036,
        "relative_strength": -4.655811,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.889242,
        "energy": 51.091297,
        "activity_lines": [
          1805.778101,
          1846.318604,
          1904.48031,
          1945.744535
        ]
      },
      {
        "date": "2024-11-08",
        "close": 1959.759155,
        "volume": 315075,
        "typical_volume": 184991.3,
        "trend": 1970.423084,
        "fair_value": 1666.9664,
        "relative_strength": 3.880183,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -48.501494,
        "energy": 29.565698,
        "activity_lines": [
          1851.772445,
          1860.135072,
          1904.742175,
          1945.524271
        ]
      },
      {
        "date": "2024-11-15",
        "close": 1964.758545,
        "volume": 359918,
        "typical_volume": 198730.0,
        "trend": 1977.256323,
        "fair_value": 1667.384252,
        "relative_strength": 3.923417,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -31.477564,
        "energy": 18.262714,
        "activity_lines": [
          1893.433984,
          1876.678482,
          1906.194371,
          1945.158817
        ]
      },
      {
        "date": "2024-11-22",
        "close": 2029.75061,
        "volume": 246766,
        "typical_volume": 204943.4,
        "trend": 1985.256099,
        "fair_value": 1668.346896,
        "relative_strength": 4.480414,
        "stage": 2,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -10.995342,
        "energy": 13.717631,
        "activity_lines": [
          1948.427238,
          1904.76594,
          1914.240999,
          1948.545545
        ]
      },
      {
        "date": "2024-11-29",
        "close": 2039.74939,
        "volume": 277034,
        "typical_volume": 208177.85,
        "trend": 1992.421883,
        "fair_value": 1669.694076,
        "relative_strength": 4.421123,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 19.100583,
        "energy": 23.108743,
        "activity_lines": [
          1996.421354,
          1931.580831,
          1923.430345,
          1952.061242
        ]
      },
      {
        "date": "2024-12-06",
        "close": 2089.743408,
        "volume": 191820,
        "typical_volume": 213008.2,
        "trend": 1998.087854,
        "fair_value": 1671.425818,
        "relative_strength": 6.591815,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 26.609119,
        "energy": 30.997702,
        "activity_lines": [
          2039.082845,
          1965.303995,
          1937.761931,
          1958.34005
        ]
      },
      {
        "date": "2024-12-13",
        "close": 1934.762329,
        "volume": 162060,
        "typical_volume": 215506.85,
        "trend": 1995.254867,
        "fair_value": 1672.196137,
        "relative_strength": -1.151953,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 14.731974,
        "energy": 20.789086,
        "activity_lines": [
          2011.752881,
          1968.121842,
          1937.476254,
          1954.254532
        ]
      },
      {
        "date": "2024-12-20",
        "close": 1964.758545,
        "volume": 133690,
        "typical_volume": 215228.95,
        "trend": 1988.089079,
        "fair_value": 1673.70349,
        "relative_strength": 2.992223,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 11.3771,
        "energy": 16.334653,
        "activity_lines": [
          1996.08811,
          1975.21187,
          1940.785364,
          1952.287027
        ]
      },
      {
        "date": "2024-12-27",
        "close": 1979.756714,
        "volume": 25451,
        "typical_volume": 208823.0,
        "trend": 1979.090181,
        "fair_value": 1676.556702,
        "relative_strength": 2.85188,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 7.976335,
        "energy": 7.910035,
        "activity_lines": [
          1985.42273,
          1982.75639,
          1945.356225,
          1951.749455
        ]
      },
      {
        "date": "2025-01-03",
        "close": 1954.759888,
        "volume": 62215,
        "typical_volume": 208586.7,
        "trend": 1971.924398,
        "fair_value": 1677.711562,
        "relative_strength": 0.543291,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -5.612846,
        "energy": 6.440687,
        "activity_lines": [
          1969.758,
          1983.847177,
          1946.927465,
          1950.179759
        ]
      },
      {
        "date": "2025-01-10",
        "close": 1819.776489,
        "volume": 85522,
        "typical_volume": 207362.05,
        "trend": 1962.592216,
        "fair_value": 1677.776836,
        "relative_strength": -6.70992,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -44.984581,
        "energy": 23.913998,
        "activity_lines": [
          1914.764771,
          1955.941528,
          1935.714562,
          1940.363765
        ]
      },
      {
        "date": "2025-01-17",
        "close": 1819.828247,
        "volume": 107166,
        "typical_volume": 206000.2,
        "trend": 1952.928467,
        "fair_value": 1677.073384,
        "relative_strength": -9.450818,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -47.188212,
        "energy": 29.220463,
        "activity_lines": [
          1877.786589,
          1927.95439,
          1925.339819,
          1931.153186
        ]
      },
      {
        "date": "2025-01-24",
        "close": 1794.830444,
        "volume": 198777,
        "typical_volume": 212250.55,
        "trend": 1944.431213,
        "fair_value": 1677.106924,
        "relative_strength": -10.571829,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -60.206127,
        "energy": 52.224631,
        "activity_lines": [
          1840.138078,
          1897.966395,
          1913.726804,
          1920.953314
        ]
      },
      {
        "date": "2025-01-31",
        "close": 1709.838501,
        "volume": 175521,
        "typical_volume": 217516.55,
        "trend": 1932.434302,
        "fair_value": 1676.723614,
        "relative_strength": -16.237928,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.36547,
        "energy": 71.271121,
        "activity_lines": [
          1785.487459,
          1855.614921,
          1894.757081,
          1905.8183
        ]
      },
      {
        "date": "2025-02-07",
        "close": 1719.837524,
        "volume": 160009,
        "typical_volume": 220096.3,
        "trend": 1919.104236,
        "fair_value": 1676.628712,
        "relative_strength": -15.770316,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.136708,
        "energy": 72.659343,
        "activity_lines": [
          1752.164396,
          1820.898036,
          1877.453612,
          1892.102379
        ]
      },
      {
        "date": "2025-02-14",
        "close": 1799.829956,
        "volume": 128316,
        "typical_volume": 196101.4,
        "trend": 1908.440584,
        "fair_value": 1676.950449,
        "relative_strength": -12.002381,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.597479,
        "energy": 65.812136,
        "activity_lines": [
          1761.166968,
          1806.541808,
          1868.720503,
          1884.407264
        ]
      },
      {
        "date": "2025-02-21",
        "close": 1839.826294,
        "volume": 135188,
        "typical_volume": 194465.25,
        "trend": 1900.110014,
        "fair_value": 1678.073332,
        "relative_strength": -9.125412,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.737351,
        "energy": 50.89899,
        "activity_lines": [
          1784.831421,
          1804.728795,
          1864.46291,
          1879.980536
        ]
      },
      {
        "date": "2025-02-28",
        "close": 1779.831909,
        "volume": 784062,
        "typical_volume": 213838.0,
        "trend": 1895.112313,
        "fair_value": 1679.86911,
        "relative_strength": -13.312294,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.579531,
        "energy": 35.020759,
        "activity_lines": [
          1787.164543,
          1793.733822,
          1854.634156,
          1872.220658
        ]
      },
      {
        "date": "2025-03-07",
        "close": 1844.825806,
        "volume": 360748,
        "typical_volume": 213575.15,
        "trend": 1894.947416,
        "fair_value": 1682.145604,
        "relative_strength": -8.584674,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -38.987661,
        "energy": 19.795011,
        "activity_lines": [
          1812.162199,
          1797.918224,
          1851.280735,
          1868.976367
        ]
      },
      {
        "date": "2025-03-14",
        "close": 1834.826782,
        "volume": 225083,
        "typical_volume": 216104.8,
        "trend": 1890.449711,
        "fair_value": 1684.229824,
        "relative_strength": -8.404999,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -35.570676,
        "energy": 18.864996,
        "activity_lines": [
          1824.827694,
          1802.737911,
          1847.117616,
          1865.097617
        ]
      },
      {
        "date": "2025-03-21",
        "close": 1839.826294,
        "volume": 222724,
        "typical_volume": 217857.25,
        "trend": 1885.285421,
        "fair_value": 1686.858807,
        "relative_strength": -8.24495,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -33.117382,
        "energy": 16.922401,
        "activity_lines": [
          1831.493742,
          1810.647201,
          1842.835227,
          1861.83159
        ]
      },
      {
        "date": "2025-03-28",
        "close": 1864.823975,
        "volume": 154414,
        "typical_volume": 209824.2,
        "trend": 1878.787984,
        "fair_value": 1691.442533,
        "relative_strength": -7.155295,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -26.895365,
        "energy": 16.824447,
        "activity_lines": [
          1843.825928,
          1822.736983,
          1840.814287,
          1860.511496
        ]
      },
      {
        "date": "2025-04-04",
        "close": 1574.851318,
        "volume": 254352,
        "typical_volume": 204545.9,
        "trend": 1866.291012,
        "fair_value": 1695.032666,
        "relative_strength": -15.605067,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.057372,
        "energy": 41.185629,
        "activity_lines": [
          1757.834049,
          1781.286359,
          1811.628977,
          1840.902679
        ]
      },
      {
        "date": "2025-04-11",
        "close": 1564.852295,
        "volume": 351244,
        "typical_volume": 209769.8,
        "trend": 1856.460368,
        "fair_value": 1698.494613,
        "relative_strength": -15.03377,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.890355,
        "energy": 65.311262,
        "activity_lines": [
          1682.174536,
          1742.017352,
          1783.348079,
          1821.45502
        ]
      },
      {
        "date": "2025-04-18",
        "close": 1629.846069,
        "volume": 102444,
        "typical_volume": 201040.3,
        "trend": 1846.796427,
        "fair_value": 1701.924561,
        "relative_strength": -14.651798,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.289319,
        "energy": 68.684402,
        "activity_lines": [
          1646.844515,
          1717.201507,
          1763.470866,
          1806.834743
        ]
      },
      {
        "date": "2025-04-25",
        "close": 1689.840454,
        "volume": 216595,
        "typical_volume": 202279.05,
        "trend": 1838.465719,
        "fair_value": 1705.707045,
        "relative_strength": -12.83955,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.873907,
        "energy": 66.992841,
        "activity_lines": [
          1645.178003,
          1704.92994,
          1751.259324,
          1796.708551
        ]
      },
      {
        "date": "2025-05-02",
        "close": 1874.852783,
        "volume": 141137,
        "typical_volume": 201232.9,
        "trend": 1838.63514,
        "fair_value": 1710.515282,
        "relative_strength": -5.301854,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.493674,
        "energy": 27.051079,
        "activity_lines": [
          1715.181323,
          1728.296788,
          1758.572304,
          1799.056103
        ]
      },
      {
        "date": "2025-05-09",
        "close": 1849.854736,
        "volume": 185632,
        "typical_volume": 203830.0,
        "trend": 1838.971167,
        "fair_value": 1715.099185,
        "relative_strength": -6.020742,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -21.167097,
        "energy": 13.719188,
        "activity_lines": [
          1776.183374,
          1746.481692,
          1763.789802,
          1799.779948
        ]
      },
      {
        "date": "2025-05-16",
        "close": 1864.853638,
        "volume": 79231,
        "typical_volume": 206519.0,
        "trend": 1838.640633,
        "fair_value": 1719.202431,
        "relative_strength": -6.478269,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -12.231545,
        "energy": 19.181174,
        "activity_lines": [
          1823.851497,
          1766.120525,
          1770.982927,
          1801.449785
        ]
      },
      {
        "date": "2025-05-23",
        "close": 1769.861084,
        "volume": 97055,
        "typical_volume": 208261.0,
        "trend": 1840.643005,
        "fair_value": 1721.895633,
        "relative_strength": -11.14269,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -17.333189,
        "energy": 21.021844,
        "activity_lines": [
          1819.855347,
          1768.123844,
          1769.6763,
          1797.012395
        ]
      },
      {
        "date": "2025-05-30",
        "close": 1734.863892,
        "volume": 96307,
        "typical_volume": 208800.25,
        "trend": 1837.979236,
        "fair_value": 1723.659511,
        "relative_strength": -12.896664,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -26.182099,
        "energy": 16.566574,
        "activity_lines": [
          1794.859131,
          1764.94523,
          1765.917077,
          1790.187936
        ]
      },
      {
        "date": "2025-06-06",
        "close": 1764.86145,
        "volume": 290337,
        "typical_volume": 217958.8,
        "trend": 1831.482646,
        "fair_value": 1726.096244,
        "relative_strength": -11.572017,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -16.797058,
        "energy": 7.630699,
        "activity_lines": [
          1776.860539,
          1769.129126,
          1765.41911,
          1785.47066
        ]
      },
      {
        "date": "2025-06-13",
        "close": 1764.86145,
        "volume": 93060,
        "typical_volume": 212672.95,
        "trend": 1824.819409,
        "fair_value": 1730.423634,
        "relative_strength": -11.258099,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -30.530923,
        "energy": 15.467566,
        "activity_lines": [
          1766.194702,
          1775.130522,
          1765.18289,
          1781.172518
        ]
      },
      {
        "date": "2025-06-20",
        "close": 1689.86731,
        "volume": 103857,
        "typical_volume": 209089.75,
        "trend": 1813.489966,
        "fair_value": 1734.302337,
        "relative_strength": -13.825527,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -42.941635,
        "energy": 23.19364,
        "activity_lines": [
          1736.197038,
          1764.04189,
          1757.947081,
          1772.465931
        ]
      },
      {
        "date": "2025-06-27",
        "close": 1759.861816,
        "volume": 145386,
        "typical_volume": 208358.6,
        "trend": 1804.16038,
        "fair_value": 1738.789949,
        "relative_strength": -10.108042,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -35.53487,
        "energy": 18.049609,
        "activity_lines": [
          1741.196631,
          1763.406532,
          1757.472516,
          1769.00605
        ]
      },
      {
        "date": "2025-07-04",
        "close": 1669.868896,
        "volume": 125344,
        "typical_volume": 208210.0,
        "trend": 1790.164563,
        "fair_value": 1742.796817,
        "relative_strength": -14.470924,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -57.052148,
        "energy": 36.876536,
        "activity_lines": [
          1716.865202,
          1744.044902,
          1748.236604,
          1760.342083
        ]
      },
      {
        "date": "2025-07-11",
        "close": 1539.879028,
        "volume": 163051,
        "typical_volume": 209603.15,
        "trend": 1777.001786,
        "fair_value": 1745.297472,
        "relative_strength": -21.594941,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -73.15148,
        "energy": 60.739808,
        "activity_lines": [
          1653.536816,
          1701.41187,
          1727.239568,
          1744.19463
        ]
      },
      {
        "date": "2025-07-18",
        "close": 1494.88269,
        "volume": 162091,
        "typical_volume": 178504.6,
        "trend": 1761.339258,
        "fair_value": 1747.669915,
        "relative_strength": -23.691945,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.239786,
        "energy": 69.579979,
        "activity_lines": [
          1590.208479,
          1656.688117,
          1703.385486,
          1725.993398
        ]
      },
      {
        "date": "2025-07-25",
        "close": 1459.885498,
        "volume": 148246,
        "typical_volume": 167879.5,
        "trend": 1744.010217,
        "fair_value": 1749.818017,
        "relative_strength": -25.92344,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.802804,
        "energy": 78.779603,
        "activity_lines": [
          1533.212996,
          1612.055275,
          1677.555239,
          1706.544768
        ]
      },
      {
        "date": "2025-08-01",
        "close": 1404.889771,
        "volume": 169674,
        "typical_volume": 165109.05,
        "trend": 1725.681213,
        "fair_value": 1751.325176,
        "relative_strength": -27.786085,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.536078,
        "energy": 84.604645,
        "activity_lines": [
          1473.217725,
          1564.786268,
          1648.320353,
          1684.666029
        ]
      },
      {
        "date": "2025-08-08",
        "close": 1414.888916,
        "volume": 127946,
        "typical_volume": 160370.15,
        "trend": 1712.184961,
        "fair_value": 1753.056657,
        "relative_strength": -27.02495,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.281554,
        "energy": 82.462295,
        "activity_lines": [
          1440.220304,
          1525.971129,
          1622.085086,
          1664.614914
        ]
      },
      {
        "date": "2025-08-15",
        "close": 1429.887695,
        "volume": 176396,
        "typical_volume": 161469.25,
        "trend": 1699.186942,
        "fair_value": 1754.852239,
        "relative_strength": -26.062797,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.718668,
        "energy": 77.587463,
        "activity_lines": [
          1429.221143,
          1495.700768,
          1599.301785,
          1646.402187
        ]
      },
      {
        "date": "2025-08-22",
        "close": 1389.890869,
        "volume": 150863,
        "typical_volume": 156294.8,
        "trend": 1685.688957,
        "fair_value": 1755.365989,
        "relative_strength": -28.954264,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.938967,
        "energy": 74.999166,
        "activity_lines": [
          1412.222461,
          1464.248688,
          1574.780388,
          1626.447601
        ]
      },
      {
        "date": "2025-08-29",
        "close": 1424.888184,
        "volume": 189504,
        "typical_volume": 148207.8,
        "trend": 1676.190613,
        "fair_value": 1756.648847,
        "relative_strength": -25.48224,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.99966,
        "energy": 54.739695,
        "activity_lines": [
          1413.889006,
          1445.977404,
          1554.472832,
          1609.621745
        ]
      },
      {
        "date": "2025-09-05",
        "close": 1394.890503,
        "volume": 282931,
        "typical_volume": 157232.15,
        "trend": 1665.359045,
        "fair_value": 1757.418961,
        "relative_strength": -26.627955,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.607685,
        "energy": 52.479942,
        "activity_lines": [
          1407.889478,
          1427.069798,
          1531.974851,
          1591.473351
        ]
      },
      {
        "date": "2025-09-12",
        "close": 1379.891724,
        "volume": 798558,
        "typical_volume": 186330.3,
        "trend": 1651.361104,
        "fair_value": 1757.868613,
        "relative_strength": -27.489727,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.664814,
        "energy": 50.522653,
        "activity_lines": [
          1397.556974,
          1412.070983,
          1509.16725,
          1573.056104
        ]
      },
      {
        "date": "2025-09-19",
        "close": 1439.886963,
        "volume": 166808,
        "typical_volume": 187613.85,
        "trend": 1638.029793,
        "fair_value": 1759.07137,
        "relative_strength": -23.235592,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.751942,
        "energy": 43.576144,
        "activity_lines": [
          1409.55603,
          1413.252706,
          1493.549427,
          1559.412611
        ]
      },
      {
        "date": "2025-09-26",
        "close": 1414.888916,
        "volume": 263635,
        "typical_volume": 191514.0,
        "trend": 1625.865027,
        "fair_value": 1760.16195,
        "relative_strength": -24.545932,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.792601,
        "energy": 38.400386,
        "activity_lines": [
          1412.555786,
          1411.707366,
          1477.622105,
          1545.016426
        ]
      },
      {
        "date": "2025-10-03",
        "close": 1424.888184,
        "volume": 148291,
        "typical_volume": 194967.0,
        "trend": 1611.867106,
        "fair_value": 1761.492875,
        "relative_strength": -25.126395,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.44724,
        "energy": 33.907216,
        "activity_lines": [
          1417.222095,
          1413.434508,
          1464.718359,
          1532.050178
        ]
      },
      {
        "date": "2025-10-10",
        "close": 1384.891357,
        "volume": 385627,
        "typical_volume": 209395.6,
        "trend": 1596.869259,
        "fair_value": 1761.36572,
        "relative_strength": -26.197639,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.952537,
        "energy": 35.312516,
        "activity_lines": [
          1408.556128,
          1408.525815,
          1450.100465,
          1517.406581
        ]
      },
      {
        "date": "2025-10-17",
        "close": 1384.891357,
        "volume": 271765,
        "typical_volume": 218168.5,
        "trend": 1581.704761,
        "fair_value": 1761.398791,
        "relative_strength": -25.070448,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.031693,
        "energy": 38.591744,
        "activity_lines": [
          1400.556771,
          1403.980728,
          1437.31576,
          1503.730587
        ]
      },
      {
        "date": "2025-10-24",
        "close": 1309.897217,
        "volume": 260345,
        "typical_volume": 216668.9,
        "trend": 1563.207202,
        "fair_value": 1761.303626,
        "relative_strength": -30.784637,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.710949,
        "energy": 47.7681,
        "activity_lines": [
          1367.226058,
          1386.345754,
          1419.055293,
          1486.194617
        ]
      },
      {
        "date": "2025-10-31",
        "close": 1264.900635,
        "volume": 203661,
        "typical_volume": 222198.95,
        "trend": 1552.875513,
        "fair_value": 1760.375256,
        "relative_strength": -33.053324,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.09033,
        "energy": 67.676242,
        "activity_lines": [
          1327.562467,
          1362.711228,
          1398.675932,
          1466.949032
        ]
      },
      {
        "date": "2025-11-07",
        "close": 1294.898438,
        "volume": 247625,
        "typical_volume": 229387.35,
        "trend": 1543.877051,
        "fair_value": 1758.709872,
        "relative_strength": -30.470203,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.110393,
        "energy": 66.949131,
        "activity_lines": [
          1307.897363,
          1346.803398,
          1383.534272,
          1450.30535
        ]
      },
      {
        "date": "2025-11-14",
        "close": 1234.903076,
        "volume": 425579,
        "typical_volume": 243397.0,
        "trend": 1530.712284,
        "fair_value": 1756.259338,
        "relative_strength": -33.02068,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.410586,
        "energy": 73.29576,
        "activity_lines": [
          1276.899789,
          1322.35077,
          1364.559571,
          1430.371545
        ]
      },
      {
        "date": "2025-11-21",
        "close": 1269.900269,
        "volume": 428528,
        "typical_volume": 258556.2,
        "trend": 1516.714278,
        "fair_value": 1753.953035,
        "relative_strength": -29.170206,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.274446,
        "energy": 63.112588,
        "activity_lines": [
          1267.567163,
          1307.170131,
          1351.41774,
          1413.544963
        ]
      },
      {
        "date": "2025-11-28",
        "close": 1314.896729,
        "volume": 924656,
        "typical_volume": 296636.45,
        "trend": 1498.049076,
        "fair_value": 1752.127441,
        "relative_strength": -27.198768,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.10833,
        "energy": 45.548152,
        "activity_lines": [
          1280.899431,
          1302.17051,
          1344.465898,
          1400.524476
        ]
      },
      {
        "date": "2025-12-05",
        "close": 1284.89917,
        "volume": 225518,
        "typical_volume": 299807.8,
        "trend": 1479.217224,
        "fair_value": 1750.013419,
        "relative_strength": -27.576935,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.154241,
        "energy": 41.100504,
        "activity_lines": [
          1283.899211,
          1293.989338,
          1335.728491,
          1386.772869
        ]
      },
      {
        "date": "2025-12-12",
        "close": 1274.899902,
        "volume": 188419,
        "typical_volume": 301816.45,
        "trend": 1459.5521,
        "fair_value": 1747.739165,
        "relative_strength": -27.236665,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.03434,
        "energy": 37.004683,
        "activity_lines": [
          1282.232666,
          1286.353567,
          1327.038693,
          1373.591107
        ]
      },
      {
        "date": "2025-12-19",
        "close": 1294.898438,
        "volume": 213627,
        "typical_volume": 304014.1,
        "trend": 1443.720011,
        "fair_value": 1745.545036,
        "relative_strength": -27.083728,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -41.303237,
        "energy": 27.591392,
        "activity_lines": [
          1288.565536,
          1285.080953,
          1321.134402,
          1362.96829
        ]
      },
      {
        "date": "2025-12-26",
        "close": 1269.900269,
        "volume": 69348,
        "typical_volume": 301084.2,
        "trend": 1428.221224,
        "fair_value": 1743.142595,
        "relative_strength": -27.408934,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "down",
        "direction": -44.366178,
        "energy": 29.589898,
        "activity_lines": [
          1282.565991,
          1280.899452,
          1313.373102,
          1351.754113
        ]
      },
      {
        "date": "2026-01-02",
        "close": 1304.897583,
        "volume": 80157,
        "typical_volume": 296272.25,
        "trend": 1412.889095,
        "fair_value": 1741.156769,
        "relative_strength": -25.145553,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "down",
        "direction": -39.363712,
        "energy": 24.953832,
        "activity_lines": [
          1288.232219,
          1285.171846,
          1309.635301,
          1343.797749
        ]
      },
      {
        "date": "2026-01-09",
        "close": 1324.895996,
        "volume": 237949,
        "typical_volume": 300626.55,
        "trend": 1398.22358,
        "fair_value": 1739.395047,
        "relative_strength": -24.557385,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "down",
        "direction": -35.610553,
        "energy": 18.998967,
        "activity_lines": [
          1301.231193,
          1293.171218,
          1308.397301,
          1338.120775
        ]
      },
      {
        "date": "2026-01-16",
        "close": 1329.95874,
        "volume": 283089,
        "typical_volume": 305305.8,
        "trend": 1386.226628,
        "fair_value": 1737.601687,
        "relative_strength": -24.383721,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "down",
        "direction": -32.463478,
        "energy": 14.722006,
        "activity_lines": [
          1313.251294,
          1301.000264,
          1307.950967,
          1333.716591
        ]
      },
      {
        "date": "2026-01-23",
        "close": 1254.96106,
        "volume": 226411,
        "typical_volume": 302479.8,
        "trend": 1369.396602,
        "fair_value": 1735.03916,
        "relative_strength": -27.290372,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -43.478028,
        "energy": 19.083343,
        "activity_lines": [
          1296.601579,
          1294.555908,
          1300.814042,
          1325.247845
        ]
      },
      {
        "date": "2026-01-30",
        "close": 1279.960205,
        "volume": 655278,
        "typical_volume": 295315.8,
        "trend": 1356.399646,
        "fair_value": 1732.636883,
        "relative_strength": -25.820012,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -47.132165,
        "energy": 21.465737,
        "activity_lines": [
          1290.947404,
          1292.292161,
          1296.724319,
          1319.477755
        ]
      },
      {
        "date": "2026-02-06",
        "close": 1299.959595,
        "volume": 219685,
        "typical_volume": 297959.65,
        "trend": 1348.402332,
        "fair_value": 1729.465527,
        "relative_strength": -25.106783,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -43.128492,
        "energy": 21.358533,
        "activity_lines": [
          1291.28903,
          1293.481758,
          1295.015164,
          1315.836461
        ]
      },
      {
        "date": "2026-02-13",
        "close": 1249.961182,
        "volume": 340567,
        "typical_volume": 301806.25,
        "trend": 1340.238281,
        "fair_value": 1725.989691,
        "relative_strength": -27.798198,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -55.556248,
        "energy": 34.13228,
        "activity_lines": [
          1275.293718,
          1285.852319,
          1289.210576,
          1309.485419
        ]
      },
      {
        "date": "2026-02-20",
        "close": 1299.959595,
        "volume": 291983,
        "typical_volume": 308990.85,
        "trend": 1334.907418,
        "fair_value": 1722.722196,
        "relative_strength": -25.818122,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -45.032693,
        "energy": 23.0521,
        "activity_lines": [
          1280.960197,
          1287.948737,
          1288.953111,
          1306.886795
        ]
      },
      {
        "date": "2026-02-27",
        "close": 1304.959473,
        "volume": 270588,
        "typical_volume": 303238.9,
        "trend": 1331.576408,
        "fair_value": 1719.58289,
        "relative_strength": -26.347619,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -32.200986,
        "energy": 15.027824,
        "activity_lines": [
          1290.293246,
          1290.498593,
          1289.766724,
          1304.954669
        ]
      },
      {
        "date": "2026-03-06",
        "close": 1264.960693,
        "volume": 291417,
        "typical_volume": 304221.5,
        "trend": 1326.578801,
        "fair_value": 1716.251273,
        "relative_strength": -23.449226,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -47.662029,
        "energy": 22.119743,
        "activity_lines": [
          1282.96014,
          1285.593015,
          1287.151557,
          1300.656881
        ]
      },
      {
        "date": "2026-03-13",
        "close": 1139.9646,
        "volume": 301715,
        "typical_volume": 306290.0,
        "trend": 1316.914697,
        "fair_value": 1712.663178,
        "relative_strength": -30.004861,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -70.277791,
        "energy": 46.148454,
        "activity_lines": [
          1234.961638,
          1258.050686,
          1273.203098,
          1288.617255
        ]
      },
      {
        "date": "2026-03-20",
        "close": 1099.96582,
        "volume": 271676,
        "typical_volume": 309690.75,
        "trend": 1307.250529,
        "fair_value": 1709.203228,
        "relative_strength": -29.252581,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.262284,
        "energy": 69.202834,
        "activity_lines": [
          1184.296541,
          1226.234633,
          1256.254435,
          1274.620553
        ]
      },
      {
        "date": "2026-03-27",
        "close": 1024.96814,
        "volume": 254879,
        "typical_volume": 310053.45,
        "trend": 1293.919861,
        "fair_value": 1704.01274,
        "relative_strength": -33.482729,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -81.801063,
        "energy": 82.166438,
        "activity_lines": [
          1118.631909,
          1184.872277,
          1232.94854,
          1256.408786
        ]
      },
      {
        "date": "2026-04-03",
        "close": 1034.967896,
        "volume": 196113,
        "typical_volume": 298580.15,
        "trend": 1281.922441,
        "fair_value": 1698.694078,
        "relative_strength": -35.073419,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.599694,
        "energy": 83.878203,
        "activity_lines": [
          1074.633293,
          1150.873342,
          1211.880385,
          1239.702208
        ]
      },
      {
        "date": "2026-04-10",
        "close": 1143.964478,
        "volume": 137787,
        "typical_volume": 284043.1,
        "trend": 1274.058199,
        "fair_value": 1694.234341,
        "relative_strength": -28.55061,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.917428,
        "energy": 75.56398,
        "activity_lines": [
          1084.966309,
          1140.691844,
          1202.144928,
          1230.801694
        ]
      },
      {
        "date": "2026-04-17",
        "close": 1107.965576,
        "volume": 543568,
        "typical_volume": 264988.7,
        "trend": 1262.994153,
        "fair_value": 1689.896344,
        "relative_strength": -30.409551,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.780129,
        "energy": 61.136032,
        "activity_lines": [
          1091.366105,
          1126.43774,
          1189.5807,
          1220.086041
        ]
      },
      {
        "date": "2026-04-24",
        "close": 1055.967163,
        "volume": 422825,
        "typical_volume": 274854.05,
        "trend": 1251.030095,
        "fair_value": 1685.769804,
        "relative_strength": -30.950563,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.154778,
        "energy": 48.297519,
        "activity_lines": [
          1082.566366,
          1106.220179,
          1173.049628,
          1206.729461
        ]
      },
      {
        "date": "2026-05-01",
        "close": 980.0,
        "volume": 801422,
        "typical_volume": 305504.2,
        "trend": 1236.200488,
        "fair_value": 1680.899927,
        "relative_strength": -34.772338,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.006492,
        "energy": 51.4535,
        "activity_lines": [
          1051.377482,
          1075.717572,
          1150.37374,
          1189.243649
        ]
      },
      {
        "date": "2026-05-08",
        "close": 1000.0,
        "volume": 336391,
        "typical_volume": 311642.4,
        "trend": 1223.370776,
        "fair_value": 1675.965851,
        "relative_strength": -31.513689,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.184395,
        "energy": 52.245353,
        "activity_lines": [
          1029.853141,
          1054.668774,
          1131.006899,
          1174.004907
        ]
      },
      {
        "date": "2026-05-15",
        "close": 1048.0,
        "volume": 953357,
        "typical_volume": 355842.85,
        "trend": 1212.141065,
        "fair_value": 1671.371512,
        "relative_strength": -26.857478,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.629409,
        "energy": 49.096241,
        "activity_lines": [
          1026.659993,
          1047.891968,
          1117.615766,
          1162.690664
        ]
      },
      {
        "date": "2026-05-22",
        "close": 1080.0,
        "volume": 238518,
        "typical_volume": 363760.9,
        "trend": 1204.477824,
        "fair_value": 1666.117057,
        "relative_strength": -25.558214,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.717651,
        "energy": 43.783201,
        "activity_lines": [
          1040.531144,
          1050.878083,
          1108.328919,
          1154.165434
        ]
      },
      {
        "date": "2026-05-29",
        "close": 1128.0,
        "volume": 169068,
        "typical_volume": 360316.85,
        "trend": 1199.91447,
        "fair_value": 1660.849832,
        "relative_strength": -20.842168,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -42.251526,
        "energy": 27.343436,
        "activity_lines": [
          1072.266667,
          1063.681736,
          1104.684442,
          1149.231381
        ]
      },
      {
        "date": "2026-06-05",
        "close": 1100.0,
        "volume": 80696,
        "typical_volume": 350197.2,
        "trend": 1193.417855,
        "fair_value": 1654.890382,
        "relative_strength": -21.467771,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.675987,
        "energy": 19.471425,
        "activity_lines": [
          1089.866667,
          1070.884768,
          1099.310898,
          1142.785286
        ]
      },
      {
        "date": "2026-06-12",
        "close": 1056.0,
        "volume": 24491,
        "typical_volume": 340101.2,
        "trend": 1187.454419,
        "fair_value": 1648.712973,
        "relative_strength": -24.292746,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -38.061767,
        "energy": 20.986868,
        "activity_lines": [
          1084.8,
          1068.723584,
          1090.84192,
          1133.919618
        ]
      },
      {
        "date": "2026-06-19",
        "close": 1018.0,
        "volume": 85444,
        "typical_volume": 311609.5,
        "trend": 1179.057743,
        "fair_value": 1642.099698,
        "relative_strength": -25.235207,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.928723,
        "energy": 25.011533,
        "activity_lines": [
          1063.333333,
          1059.270907,
          1079.701327,
          1122.987075
        ]
      },
      {
        "date": "2026-06-26",
        "close": 1080.0,
        "volume": 112622,
        "typical_volume": 306256.35,
        "trend": 1171.227852,
        "fair_value": 1636.396597,
        "relative_strength": -20.644668,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -38.277657,
        "energy": 24.092487,
        "activity_lines": [
          1064.533333,
          1063.381221,
          1075.712926,
          1116.596252
        ]
      },
      {
        "date": "2026-07-03",
        "close": 1080.0,
        "volume": 13602,
        "typical_volume": 289908.1,
        "trend": 1164.39788,
        "fair_value": 1631.270326,
        "relative_strength": -20.880007,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.926401,
        "energy": 27.978857,
        "activity_lines": [
          1065.733333,
          1068.0,
          1072.771952,
          1110.710584
        ]
      },
      {
        "date": "2026-07-10",
        "close": 1078.0,
        "volume": 291312,
        "typical_volume": 289874.55,
        "trend": 1157.83455,
        "fair_value": 1626.740112,
        "relative_strength": -18.81023,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.819637,
        "energy": 21.616764,
        "activity_lines": [
          1069.466667,
          1071.818182,
          1070.44984,
          1105.136528
        ]
      },
      {
        "date": "2026-07-17",
        "close": 1026.0,
        "volume": 194233,
        "typical_volume": 286056.8,
        "trend": 1148.871269,
        "fair_value": 1621.844517,
        "relative_strength": -22.661498,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.851056,
        "energy": 24.074975,
        "activity_lines": [
          1057.333333,
          1064.4,
          1064.232298,
          1096.631073
        ]
      },
      {
        "date": "2026-07-24",
        "close": 1060.0,
        "volume": 163376,
        "typical_volume": 279654.75,
        "trend": 1141.874593,
        "fair_value": 1617.551425,
        "relative_strength": -20.358626,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.258379,
        "energy": 20.138458,
        "activity_lines": [
          1058.533333,
          1062.690909,
          1062.58123,
          1090.897443
        ]
      },
      {
        "date": "2026-07-31",
        "close": 740.0,
        "volume": 837797,
        "typical_volume": 306458.85,
        "trend": 1123.044674,
        "fair_value": 1610.566128,
        "relative_strength": -44.326186,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -85.135455,
        "energy": 74.568263,
        "activity_lines": [
          950.266667,
          1002.581818,
          1031.429974,
          1064.970049
        ]
      },
      {
        "date": "2026-08-07",
        "close": 770.0,
        "volume": 296160,
        "typical_volume": 307683.05,
        "trend": 1104.548141,
        "fair_value": 1604.125646,
        "relative_strength": -41.462854,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -83.957913,
        "energy": 86.210159,
        "activity_lines": [
          874.666667,
          954.109091,
          1005.040455,
          1042.192974
        ]
      }
    ],
    "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."
    }
  }
}