{
  "ticker": {
    "uuid": "d95a035d-8b77-4136-897a-135d29b29b5d",
    "symbol": "XD5S",
    "name": "Xtrackers MSCI EMU UCITS ETF 2C - GBP Hedged",
    "exchange": "LSE",
    "country": "GB",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^FTSE",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 86.331,
    "architecture_energy": 69.765,
    "architecture_maturity": 59.969,
    "architecture_confidence": 87.288,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 9.78,
        "rotation_up": 59.59,
        "upward_expansion": 85.33,
        "deceleration": 64.13,
        "rotation_down": 27.43,
        "downward_expansion": 12.0
      },
      "activity_lines": [
        4928.216667,
        4903.645455,
        4805.555952,
        4710.38871
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 5034.0,
    "trend_reference": 4608.483333,
    "distance_from_trend": 0.092333,
    "trend_direction": "Improving",
    "fair_value": 3728.533219,
    "distance_from_fair_value": 0.350129,
    "fair_value_direction": "Improving",
    "relative_strength": 5.19947,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.120784,
    "excess_performance": 0.069548,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.092333,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.046831,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.350129,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.070676,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.051995,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.025231,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.120784,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.654012,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 70602,
      "relative_activity": 6.31692,
      "balance": 1.654012,
      "dry_up": 3.028345,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.018801,
      "annualized_volatility": 0.169656,
      "from_high_reference": -0.000794,
      "from_low_reference": 0.285495
    },
    "levels": {
      "trend_reference": 4608.483333,
      "fair_value_reference": 3728.533219,
      "structural_low": 4172.5,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 40,
        "median_return": 0.006489,
        "positive_rate": 0.65,
        "directional_follow_through": 0.65,
        "median_excess_return": 0.003403,
        "regime_survival": 0.75,
        "best_return": 0.091906,
        "worst_return": -0.093459,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 13,
        "median_return": 0.014309,
        "positive_rate": 0.692308,
        "directional_follow_through": 0.692308,
        "median_excess_return": -0.002134,
        "regime_survival": 0.538462,
        "best_return": 0.103319,
        "worst_return": -0.055724,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": 0.067101,
        "positive_rate": 0.875,
        "directional_follow_through": 0.875,
        "median_excess_return": 0.02831,
        "regime_survival": 0.5,
        "best_return": 0.172547,
        "worst_return": -0.162888,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.163192,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.043118,
        "regime_survival": 0.25,
        "best_return": 0.223351,
        "worst_return": -0.113213,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2023-12-08",
        "end": "2023-12-22",
        "tenure": "New",
        "return": 0.000819,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-12-29",
        "end": "2024-06-21",
        "tenure": "Established",
        "return": 0.098345,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-06-28",
        "end": "2024-08-09",
        "tenure": "Developing",
        "return": -0.034377,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-08-16",
        "end": "2024-08-23",
        "tenure": "New",
        "return": 0.015148,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-30",
        "end": "2024-09-27",
        "tenure": "Developing",
        "return": 0.024396,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-04",
        "end": "2024-11-08",
        "tenure": "Developing",
        "return": -0.023553,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-15",
        "end": "2025-01-17",
        "tenure": "Developing",
        "return": 0.06748,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-01-24",
        "end": "2025-03-28",
        "tenure": "Developing",
        "return": 0.033803,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-04",
        "end": "2025-04-18",
        "tenure": "New",
        "return": 0.02175,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-25",
        "end": "2025-05-09",
        "tenure": "New",
        "return": 0.045935,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-05-16",
        "end": "2026-03-13",
        "tenure": "Extended",
        "return": 0.101506,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-20",
        "end": "2026-04-10",
        "tenure": "New",
        "return": 0.084923,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-17",
        "end": "2026-04-24",
        "tenure": "New",
        "return": -0.024856,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-01",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": 0.110278,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 2859.75,
        "volume": 9929,
        "typical_volume": 14741.7,
        "trend": 2883.558333,
        "fair_value": 2594.778205,
        "relative_strength": 9.185896,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 17.730167,
        "energy": 10.140117,
        "activity_lines": [
          2922.783333,
          2932.954545,
          2928.17381,
          2910.11129
        ]
      },
      {
        "date": "2023-08-25",
        "close": 2880.0,
        "volume": 3829,
        "typical_volume": 13891.6,
        "trend": 2886.625,
        "fair_value": 2599.667628,
        "relative_strength": 8.447804,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 5.486976,
        "energy": 13.951764,
        "activity_lines": [
          2901.233333,
          2923.013636,
          2924.285714,
          2909.88172
        ]
      },
      {
        "date": "2023-09-01",
        "close": 2918.0,
        "volume": 2972,
        "typical_volume": 11967.4,
        "trend": 2888.983333,
        "fair_value": 2605.066667,
        "relative_strength": 7.680356,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 10.107191,
        "energy": 16.26843,
        "activity_lines": [
          2898.8,
          2921.55,
          2923.927381,
          2911.905914
        ]
      },
      {
        "date": "2023-09-08",
        "close": 2884.75,
        "volume": 2766,
        "typical_volume": 11665.7,
        "trend": 2891.6,
        "fair_value": 2609.957692,
        "relative_strength": 5.948201,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 3.335994,
        "energy": 15.140531,
        "activity_lines": [
          2892.2,
          2913.195455,
          2920.341667,
          2911.632796
        ]
      },
      {
        "date": "2023-09-15",
        "close": 2923.5,
        "volume": 10466,
        "typical_volume": 11686.65,
        "trend": 2893.608333,
        "fair_value": 2615.170833,
        "relative_strength": 3.841643,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 11.797331,
        "energy": 10.885336,
        "activity_lines": [
          2902.016667,
          2913.240909,
          2920.592857,
          2913.69086
        ]
      },
      {
        "date": "2023-09-22",
        "close": 2867.75,
        "volume": 5934,
        "typical_volume": 11297.15,
        "trend": 2895.508333,
        "fair_value": 2620.648398,
        "relative_strength": 1.949803,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -18.480387,
        "energy": 13.044935,
        "activity_lines": [
          2893.533333,
          2902.086364,
          2915.463095,
          2912.022581
        ]
      },
      {
        "date": "2023-09-29",
        "close": 2841.0,
        "volume": 3797,
        "typical_volume": 8636.95,
        "trend": 2894.65,
        "fair_value": 2625.65641,
        "relative_strength": 1.743986,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -35.4171,
        "energy": 31.217059,
        "activity_lines": [
          2875.6,
          2887.772727,
          2907.965476,
          2908.505914
        ]
      },
      {
        "date": "2023-10-06",
        "close": 2801.0,
        "volume": 7402,
        "typical_volume": 8074.55,
        "trend": 2894.366667,
        "fair_value": 2630.045833,
        "relative_strength": 1.568882,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -43.842923,
        "energy": 50.755858,
        "activity_lines": [
          2846.933333,
          2868.654545,
          2896.942857,
          2902.463978
        ]
      },
      {
        "date": "2023-10-13",
        "close": 2796.75,
        "volume": 6064,
        "typical_volume": 7635.35,
        "trend": 2897.5,
        "fair_value": 2634.460898,
        "relative_strength": -0.177442,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -71.706752,
        "energy": 72.680842,
        "activity_lines": [
          2824.65,
          2852.777273,
          2886.215476,
          2896.166129
        ]
      },
      {
        "date": "2023-10-20",
        "close": 2718.5,
        "volume": 8685,
        "typical_volume": 7897.55,
        "trend": 2896.975,
        "fair_value": 2638.59391,
        "relative_strength": -0.557251,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -83.472176,
        "energy": 83.668116,
        "activity_lines": [
          2782.15,
          2825.227273,
          2868.571429,
          2884.617742
        ]
      },
      {
        "date": "2023-10-27",
        "close": 2716.75,
        "volume": 3747,
        "typical_volume": 7897.1,
        "trend": 2892.15,
        "fair_value": 2643.548077,
        "relative_strength": 0.727249,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.722826,
        "energy": 87.172032,
        "activity_lines": [
          2752.733333,
          2801.163636,
          2851.697619,
          2872.990323
        ]
      },
      {
        "date": "2023-11-03",
        "close": 2831.0,
        "volume": 26752,
        "typical_volume": 9093.65,
        "trend": 2891.141667,
        "fair_value": 2648.334936,
        "relative_strength": 2.9214,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.689219,
        "energy": 73.786252,
        "activity_lines": [
          2771.466667,
          2800.472727,
          2846.579762,
          2869.045161
        ]
      },
      {
        "date": "2023-11-10",
        "close": 2831.0,
        "volume": 2268,
        "typical_volume": 8631.4,
        "trend": 2888.666667,
        "fair_value": 2652.209936,
        "relative_strength": 3.543992,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.031783,
        "energy": 51.126112,
        "activity_lines": [
          2790.866667,
          2800.672727,
          2842.105952,
          2865.165054
        ]
      },
      {
        "date": "2023-11-17",
        "close": 2926.75,
        "volume": 6825,
        "typical_volume": 8843.55,
        "trend": 2889.041667,
        "fair_value": 2656.543269,
        "relative_strength": 4.786945,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -16.65012,
        "energy": 14.305455,
        "activity_lines": [
          2840.183333,
          2819.863636,
          2846.944048,
          2867.622043
        ]
      },
      {
        "date": "2023-11-24",
        "close": 2954.0,
        "volume": 9720,
        "typical_volume": 9041.8,
        "trend": 2890.558333,
        "fair_value": 2660.770833,
        "relative_strength": 5.752656,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": 3.283844,
        "energy": 25.759876,
        "activity_lines": [
          2889.916667,
          2843.245455,
          2854.532143,
          2871.812903
        ]
      },
      {
        "date": "2023-12-01",
        "close": 2990.25,
        "volume": 3797,
        "typical_volume": 9009.9,
        "trend": 2893.383333,
        "fair_value": 2665.213141,
        "relative_strength": 6.202054,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": 39.779022,
        "energy": 45.692505,
        "activity_lines": [
          2936.033333,
          2872.663636,
          2865.14881,
          2878.244624
        ]
      },
      {
        "date": "2023-12-08",
        "close": 3053.25,
        "volume": 4842,
        "typical_volume": 8931.0,
        "trend": 2898.466667,
        "fair_value": 2670.241987,
        "relative_strength": 7.778285,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 49.891069,
        "energy": 70.175251,
        "activity_lines": [
          2984.916667,
          2911.309091,
          2881.628571,
          2888.558602
        ]
      },
      {
        "date": "2023-12-15",
        "close": 3077.75,
        "volume": 13238,
        "typical_volume": 9280.3,
        "trend": 2902.791667,
        "fair_value": 2675.185897,
        "relative_strength": 7.990133,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 48.67687,
        "energy": 78.728905,
        "activity_lines": [
          3027.15,
          2950.55,
          2900.077381,
          2900.125269
        ]
      },
      {
        "date": "2023-12-22",
        "close": 3055.75,
        "volume": 5211,
        "typical_volume": 7198.1,
        "trend": 2907.675,
        "fair_value": 2679.955128,
        "relative_strength": 5.230053,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 73.103695,
        "energy": 89.00674,
        "activity_lines": [
          3045.6,
          2980.759091,
          2916.164286,
          2909.993548
        ]
      },
      {
        "date": "2023-12-29",
        "close": 3065.75,
        "volume": 1473,
        "typical_volume": 6985.85,
        "trend": 2912.691667,
        "fair_value": 2684.724359,
        "relative_strength": 4.795511,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.159435,
        "energy": 89.00621,
        "activity_lines": [
          3058.783333,
          3008.077273,
          2932.639286,
          2920.191935
        ]
      },
      {
        "date": "2024-01-05",
        "close": 3030.0,
        "volume": 4619,
        "typical_volume": 6720.35,
        "trend": 2917.008333,
        "fair_value": 2688.895833,
        "relative_strength": 3.918101,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.282517,
        "energy": 82.513844,
        "activity_lines": [
          3052.6,
          3022.581818,
          2945.052381,
          2927.760215
        ]
      },
      {
        "date": "2024-01-12",
        "close": 3039.75,
        "volume": 3244,
        "typical_volume": 6691.1,
        "trend": 2919.458333,
        "fair_value": 2693.294872,
        "relative_strength": 4.889659,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.496179,
        "energy": 60.214827,
        "activity_lines": [
          3047.016667,
          3033.163636,
          2957.583333,
          2935.679032
        ]
      },
      {
        "date": "2024-01-19",
        "close": 3017.75,
        "volume": 7360,
        "typical_volume": 6910.5,
        "trend": 2924.333333,
        "fair_value": 2697.554487,
        "relative_strength": 6.131977,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 51.916793,
        "energy": 49.268007,
        "activity_lines": [
          3035.0,
          3035.95,
          2967.258333,
          2942.02043
        ]
      },
      {
        "date": "2024-01-26",
        "close": 3126.0,
        "volume": 5758,
        "typical_volume": 7060.1,
        "trend": 2929.891667,
        "fair_value": 2702.907051,
        "relative_strength": 7.172581,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.099179,
        "energy": 60.768388,
        "activity_lines": [
          3063.066667,
          3055.022727,
          2986.767857,
          2955.031183
        ]
      },
      {
        "date": "2024-02-02",
        "close": 3122.5,
        "volume": 6129,
        "typical_volume": 6843.25,
        "trend": 2938.475,
        "fair_value": 2707.591346,
        "relative_strength": 7.060314,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.113648,
        "energy": 71.825805,
        "activity_lines": [
          3085.283333,
          3069.836364,
          3004.795238,
          2967.457527
        ]
      },
      {
        "date": "2024-02-09",
        "close": 3148.5,
        "volume": 4829,
        "typical_volume": 6788.0,
        "trend": 2944.708333,
        "fair_value": 2712.296474,
        "relative_strength": 8.238506,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.166867,
        "energy": 87.368692,
        "activity_lines": [
          3112.383333,
          3086.313636,
          3024.35119,
          2981.007527
        ]
      },
      {
        "date": "2024-02-16",
        "close": 3187.5,
        "volume": 5079,
        "typical_volume": 6852.1,
        "trend": 2951.733333,
        "fair_value": 2717.200321,
        "relative_strength": 7.303891,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.628538,
        "energy": 94.00018,
        "activity_lines": [
          3144.583333,
          3107.004545,
          3046.284524,
          2996.671505
        ]
      },
      {
        "date": "2024-02-23",
        "close": 3244.5,
        "volume": 10533,
        "typical_volume": 7008.65,
        "trend": 2959.158333,
        "fair_value": 2722.814103,
        "relative_strength": 8.949719,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.41608,
        "energy": 95.882338,
        "activity_lines": [
          3185.933333,
          3135.618182,
          3071.996429,
          3015.559677
        ]
      },
      {
        "date": "2024-03-01",
        "close": 3251.5,
        "volume": 4278,
        "typical_volume": 6919.35,
        "trend": 2969.633333,
        "fair_value": 2728.365385,
        "relative_strength": 9.183402,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.836192,
        "energy": 94.999278,
        "activity_lines": [
          3214.5,
          3162.472727,
          3096.263095,
          3034.42043
        ]
      },
      {
        "date": "2024-03-08",
        "close": 3291.5,
        "volume": 12167,
        "typical_volume": 7093.45,
        "trend": 2981.758333,
        "fair_value": 2733.559295,
        "relative_strength": 10.487633,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 89.468098,
        "energy": 96.092972,
        "activity_lines": [
          3248.033333,
          3193.040909,
          3122.17381,
          3055.186022
        ]
      },
      {
        "date": "2024-03-15",
        "close": 3307.5,
        "volume": 1447,
        "typical_volume": 6978.45,
        "trend": 2996.683333,
        "fair_value": 2738.81891,
        "relative_strength": 9.728826,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.033413,
        "energy": 94.30831,
        "activity_lines": [
          3275.633333,
          3222.413636,
          3146.879762,
          3076.201613
        ]
      },
      {
        "date": "2024-03-22",
        "close": 3351.25,
        "volume": 725,
        "typical_volume": 5677.1,
        "trend": 3012.391667,
        "fair_value": 2744.272436,
        "relative_strength": 8.043371,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.839312,
        "energy": 95.199013,
        "activity_lines": [
          3307.216667,
          3254.695455,
          3172.939286,
          3099.076882
        ]
      },
      {
        "date": "2024-03-29",
        "close": 3382.5,
        "volume": 3086,
        "typical_volume": 5718.0,
        "trend": 3027.875,
        "fair_value": 2749.608974,
        "relative_strength": 8.484536,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.157574,
        "energy": 89.352915,
        "activity_lines": [
          3338.3,
          3286.995455,
          3199.497619,
          3122.954839
        ]
      },
      {
        "date": "2024-04-05",
        "close": 3342.75,
        "volume": 5602,
        "typical_volume": 5656.85,
        "trend": 3043.141667,
        "fair_value": 2754.557692,
        "relative_strength": 7.491578,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.4683,
        "energy": 68.580767,
        "activity_lines": [
          3346.933333,
          3305.436364,
          3219.644048,
          3143.269355
        ]
      },
      {
        "date": "2024-04-12",
        "close": 3313.0,
        "volume": 2339,
        "typical_volume": 5287.8,
        "trend": 3056.125,
        "fair_value": 2759.072115,
        "relative_strength": 5.177331,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.817557,
        "energy": 67.395319,
        "activity_lines": [
          3339.566667,
          3314.527273,
          3234.97619,
          3160.67957
        ]
      },
      {
        "date": "2024-04-19",
        "close": 3284.0,
        "volume": 8066,
        "typical_volume": 5501.25,
        "trend": 3070.0,
        "fair_value": 2763.480769,
        "relative_strength": 5.328782,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.294671,
        "energy": 64.203042,
        "activity_lines": [
          3321.1,
          3314.881818,
          3245.836905,
          3175.381183
        ]
      },
      {
        "date": "2024-04-26",
        "close": 3365.25,
        "volume": 654,
        "typical_volume": 5291.85,
        "trend": 3087.475,
        "fair_value": 2768.450321,
        "relative_strength": 4.477267,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.383748,
        "energy": 66.866314,
        "activity_lines": [
          3331.283333,
          3327.545455,
          3263.036905,
          3194.42957
        ]
      },
      {
        "date": "2024-05-03",
        "close": 3338.75,
        "volume": 1476,
        "typical_volume": 4703.75,
        "trend": 3105.4,
        "fair_value": 2772.966346,
        "relative_strength": 2.560168,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 55.394065,
        "energy": 55.584479,
        "activity_lines": [
          3331.7,
          3332.159091,
          3276.227381,
          3210.64086
        ]
      },
      {
        "date": "2024-05-10",
        "close": 3454.5,
        "volume": 7748,
        "typical_volume": 4830.6,
        "trend": 3127.325,
        "fair_value": 2778.288462,
        "relative_strength": 3.166068,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.143613,
        "energy": 70.342896,
        "activity_lines": [
          3373.616667,
          3356.104545,
          3299.19881,
          3233.163441
        ]
      },
      {
        "date": "2024-05-17",
        "close": 3464.75,
        "volume": 587,
        "typical_volume": 4786.3,
        "trend": 3152.2,
        "fair_value": 2783.586538,
        "relative_strength": 3.480551,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.607781,
        "energy": 73.225813,
        "activity_lines": [
          3411.5,
          3378.222727,
          3321.247619,
          3254.932796
        ]
      },
      {
        "date": "2024-05-24",
        "close": 3457.25,
        "volume": 2475,
        "typical_volume": 4679.1,
        "trend": 3176.883333,
        "fair_value": 2788.616987,
        "relative_strength": 4.358763,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.099316,
        "energy": 81.795155,
        "activity_lines": [
          3436.766667,
          3395.827273,
          3340.682143,
          3274.613441
        ]
      },
      {
        "date": "2024-05-31",
        "close": 3425.0,
        "volume": 195,
        "typical_volume": 4526.65,
        "trend": 3196.683333,
        "fair_value": 2793.338141,
        "relative_strength": 3.758881,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.852655,
        "energy": 82.112707,
        "activity_lines": [
          3439.733333,
          3404.845455,
          3355.010714,
          3290.620968
        ]
      },
      {
        "date": "2024-06-07",
        "close": 3465.0,
        "volume": 0,
        "typical_volume": 4158.65,
        "trend": 3217.816667,
        "fair_value": 2798.128205,
        "relative_strength": 5.166551,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.910209,
        "energy": 77.334457,
        "activity_lines": [
          3452.05,
          3419.795455,
          3371.314286,
          3307.93172
        ]
      },
      {
        "date": "2024-06-14",
        "close": 3326.75,
        "volume": 2042,
        "typical_volume": 3972.85,
        "trend": 3231.15,
        "fair_value": 2802.259615,
        "relative_strength": 2.091904,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 61.118484,
        "energy": 50.727952,
        "activity_lines": [
          3409.866667,
          3408.109091,
          3372.321429,
          3314.959677
        ]
      },
      {
        "date": "2024-06-21",
        "close": 3367.25,
        "volume": 54686,
        "typical_volume": 6400.7,
        "trend": 3244.925,
        "fair_value": 2806.384615,
        "relative_strength": 2.078274,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 44.556816,
        "energy": 33.295123,
        "activity_lines": [
          3389.7,
          3404.077273,
          3376.229762,
          3323.740323
        ]
      },
      {
        "date": "2024-06-28",
        "close": 3345.25,
        "volume": 148,
        "typical_volume": 6166.65,
        "trend": 3256.758333,
        "fair_value": 2810.503205,
        "relative_strength": 2.242914,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.080291,
        "energy": 24.493868,
        "activity_lines": [
          3368.7,
          3395.059091,
          3376.877381,
          3330.212903
        ]
      },
      {
        "date": "2024-07-05",
        "close": 3410.0,
        "volume": 148,
        "typical_volume": 5920.1,
        "trend": 3268.65,
        "fair_value": 2815.078526,
        "relative_strength": 3.612577,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.293846,
        "energy": 27.708367,
        "activity_lines": [
          3376.75,
          3396.7,
          3382.754762,
          3340.099462
        ]
      },
      {
        "date": "2024-07-12",
        "close": 3462.25,
        "volume": 319,
        "typical_volume": 5409.4,
        "trend": 3281.466667,
        "fair_value": 2820.11859,
        "relative_strength": 4.469519,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 59.566919,
        "energy": 33.946191,
        "activity_lines": [
          3403.216667,
          3407.027273,
          3392.54881,
          3352.589785
        ]
      },
      {
        "date": "2024-07-19",
        "close": 3335.5,
        "volume": 466,
        "typical_volume": 5218.8,
        "trend": 3290.791667,
        "fair_value": 2824.009615,
        "relative_strength": 1.744317,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 27.237387,
        "energy": 17.529125,
        "activity_lines": [
          3387.616667,
          3392.063636,
          3389.234524,
          3356.075806
        ]
      },
      {
        "date": "2024-07-26",
        "close": 3352.75,
        "volume": 18,
        "typical_volume": 4611.35,
        "trend": 3300.358333,
        "fair_value": 2828.041667,
        "relative_strength": 0.60855,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.93975,
        "energy": 14.121133,
        "activity_lines": [
          3377.183333,
          3382.4,
          3387.163095,
          3360.073118
        ]
      },
      {
        "date": "2024-08-02",
        "close": 3211.5,
        "volume": 1508,
        "typical_volume": 4614.4,
        "trend": 3306.408333,
        "fair_value": 2830.793269,
        "relative_strength": -2.34278,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -19.283115,
        "energy": 22.551879,
        "activity_lines": [
          3320.633333,
          3349.090909,
          3371.347619,
          3354.340323
        ]
      },
      {
        "date": "2024-08-09",
        "close": 3230.25,
        "volume": 676,
        "typical_volume": 4611.95,
        "trend": 3312.758333,
        "fair_value": 2833.429487,
        "relative_strength": -1.723128,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -37.280557,
        "energy": 52.098841,
        "activity_lines": [
          3279.25,
          3323.659091,
          3357.775,
          3349.426882
        ]
      },
      {
        "date": "2024-08-16",
        "close": 3333.75,
        "volume": 7311,
        "typical_volume": 4823.2,
        "trend": 3323.291667,
        "fair_value": 2837.088141,
        "relative_strength": -0.357884,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -21.660758,
        "energy": 45.813778,
        "activity_lines": [
          3284.35,
          3320.586364,
          3354.635714,
          3350.781183
        ]
      },
      {
        "date": "2024-08-23",
        "close": 3384.25,
        "volume": 549,
        "typical_volume": 4570.55,
        "trend": 3331.9,
        "fair_value": 2840.910256,
        "relative_strength": 0.885156,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -8.957033,
        "energy": 25.548118,
        "activity_lines": [
          3314.85,
          3329.081818,
          3356.538095,
          3354.713978
        ]
      },
      {
        "date": "2024-08-30",
        "close": 3422.75,
        "volume": 1214,
        "typical_volume": 4514.3,
        "trend": 3341.908333,
        "fair_value": 2844.923077,
        "relative_strength": 1.352829,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 40.520459,
        "energy": 18.602918,
        "activity_lines": [
          3354.933333,
          3343.531818,
          3361.909524,
          3360.575269
        ]
      },
      {
        "date": "2024-09-06",
        "close": 3294.75,
        "volume": 6674,
        "typical_volume": 4444.7,
        "trend": 3346.783333,
        "fair_value": 2848.264423,
        "relative_strength": -0.191637,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -11.939569,
        "energy": 14.095658,
        "activity_lines": [
          3347.683333,
          3333.7,
          3354.567857,
          3357.532796
        ]
      },
      {
        "date": "2024-09-13",
        "close": 3367.75,
        "volume": 588,
        "typical_volume": 4441.4,
        "trend": 3352.791667,
        "fair_value": 2852.264423,
        "relative_strength": 0.755939,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 6.452229,
        "energy": 13.565775,
        "activity_lines": [
          3359.216667,
          3338.059091,
          3354.127381,
          3358.885484
        ]
      },
      {
        "date": "2024-09-20",
        "close": 3378.5,
        "volume": 0,
        "typical_volume": 4367.6,
        "trend": 3357.258333,
        "fair_value": 2856.206731,
        "relative_strength": 1.426836,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 10.476884,
        "energy": 12.243977,
        "activity_lines": [
          3365.166667,
          3345.140909,
          3354.69881,
          3360.544086
        ]
      },
      {
        "date": "2024-09-27",
        "close": 3506.25,
        "volume": 2298,
        "typical_volume": 4095.1,
        "trend": 3365.75,
        "fair_value": 2861.491987,
        "relative_strength": 3.876649,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 63.125249,
        "energy": 46.10295,
        "activity_lines": [
          3410.716667,
          3376.972727,
          3367.247619,
          3370.156452
        ]
      },
      {
        "date": "2024-10-04",
        "close": 3428.5,
        "volume": 1396,
        "typical_volume": 4135.55,
        "trend": 3370.316667,
        "fair_value": 2866.086538,
        "relative_strength": 1.871685,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 46.86107,
        "energy": 45.648476,
        "activity_lines": [
          3422.216667,
          3391.563636,
          3372.145238,
          3374.204839
        ]
      },
      {
        "date": "2024-10-11",
        "close": 3453.75,
        "volume": 7808,
        "typical_volume": 4402.2,
        "trend": 3375.191667,
        "fair_value": 2870.439103,
        "relative_strength": 2.711283,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.833755,
        "energy": 58.951564,
        "activity_lines": [
          3441.75,
          3409.368182,
          3379.620238,
          3379.587634
        ]
      },
      {
        "date": "2024-10-18",
        "close": 3463.25,
        "volume": 2737,
        "typical_volume": 4529.3,
        "trend": 3378.925,
        "fair_value": 2874.767628,
        "relative_strength": 1.479333,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.79982,
        "energy": 64.838518,
        "activity_lines": [
          3453.85,
          3424.495455,
          3388.016667,
          3385.268817
        ]
      },
      {
        "date": "2024-10-25",
        "close": 3423.5,
        "volume": 8429,
        "typical_volume": 4950.75,
        "trend": 3380.291667,
        "fair_value": 2878.703526,
        "relative_strength": 1.443513,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.277799,
        "energy": 47.354132,
        "activity_lines": [
          3446.333333,
          3428.159091,
          3392.445238,
          3388.144624
        ]
      },
      {
        "date": "2024-11-01",
        "close": 3385.5,
        "volume": 33,
        "typical_volume": 4850.3,
        "trend": 3381.716667,
        "fair_value": 2881.942308,
        "relative_strength": 1.042192,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 40.396037,
        "energy": 25.035203,
        "activity_lines": [
          3423.15,
          3423.281818,
          3393.452381,
          3388.480645
        ]
      },
      {
        "date": "2024-11-08",
        "close": 3347.75,
        "volume": 2308,
        "typical_volume": 2231.4,
        "trend": 3382.875,
        "fair_value": 2884.879808,
        "relative_strength": 1.069898,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 18.453804,
        "energy": 12.334745,
        "activity_lines": [
          3395.433333,
          3411.518182,
          3390.584524,
          3386.289247
        ]
      },
      {
        "date": "2024-11-15",
        "close": 3341.75,
        "volume": 6572,
        "typical_volume": 2552.6,
        "trend": 3384.8,
        "fair_value": 2887.823718,
        "relative_strength": 0.883421,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -16.381752,
        "energy": 20.410224,
        "activity_lines": [
          3371.1,
          3400.027273,
          3387.238095,
          3383.636022
        ]
      },
      {
        "date": "2024-11-22",
        "close": 3343.75,
        "volume": 2605,
        "typical_volume": 2675.45,
        "trend": 3384.083333,
        "fair_value": 2891.775641,
        "relative_strength": -1.528529,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -17.346137,
        "energy": 24.22196,
        "activity_lines": [
          3354.9,
          3388.045455,
          3384.09881,
          3380.987634
        ]
      },
      {
        "date": "2024-11-29",
        "close": 3360.0,
        "volume": 4307,
        "typical_volume": 2874.85,
        "trend": 3384.791667,
        "fair_value": 2895.891026,
        "relative_strength": -1.389146,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -42.330941,
        "energy": 31.52722,
        "activity_lines": [
          3352.083333,
          3379.454545,
          3382.822619,
          3379.433871
        ]
      },
      {
        "date": "2024-12-06",
        "close": 3461.0,
        "volume": 9667,
        "typical_volume": 3334.9,
        "trend": 3385.008333,
        "fair_value": 2900.185897,
        "relative_strength": 1.255958,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 5.095249,
        "energy": 5.934776,
        "activity_lines": [
          3387.166667,
          3389.563636,
          3391.652381,
          3384.350538
        ]
      },
      {
        "date": "2024-12-13",
        "close": 3453.5,
        "volume": 5685,
        "typical_volume": 3618.25,
        "trend": 3384.633333,
        "fair_value": 2904.573718,
        "relative_strength": 1.091063,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 45.154814,
        "energy": 25.708381,
        "activity_lines": [
          3414.716667,
          3399.131818,
          3399.170238,
          3388.769355
        ]
      },
      {
        "date": "2024-12-20",
        "close": 3384.5,
        "volume": 5631,
        "typical_volume": 3824.4,
        "trend": 3382.208333,
        "fair_value": 2908.115385,
        "relative_strength": 1.611727,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 31.036233,
        "energy": 22.868193,
        "activity_lines": [
          3412.216667,
          3395.7,
          3399.636905,
          3388.760753
        ]
      },
      {
        "date": "2024-12-27",
        "close": 3402.25,
        "volume": 1919,
        "typical_volume": 3886.55,
        "trend": 3381.45,
        "fair_value": 2911.652244,
        "relative_strength": 1.228116,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 35.268948,
        "energy": 27.285635,
        "activity_lines": [
          3412.783333,
          3396.754545,
          3400.970238,
          3390.053763
        ]
      },
      {
        "date": "2025-01-03",
        "close": 3397.75,
        "volume": 5743,
        "typical_volume": 3808.15,
        "trend": 3379.208333,
        "fair_value": 2915.123397,
        "relative_strength": 0.09291,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 33.242722,
        "energy": 27.590675,
        "activity_lines": [
          3407.95,
          3398.1,
          3401.055952,
          3391.105376
        ]
      },
      {
        "date": "2025-01-10",
        "close": 3457.0,
        "volume": 2205,
        "typical_volume": 3890.95,
        "trend": 3383.55,
        "fair_value": 2919.089744,
        "relative_strength": 1.439221,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 57.79368,
        "energy": 27.743969,
        "activity_lines": [
          3420.35,
          3410.686364,
          3406.479762,
          3396.124194
        ]
      },
      {
        "date": "2025-01-17",
        "close": 3567.25,
        "volume": 434,
        "typical_volume": 3851.95,
        "trend": 3390.216667,
        "fair_value": 2924.05609,
        "relative_strength": 1.444247,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 79.844752,
        "energy": 67.919234,
        "activity_lines": [
          3469.766667,
          3442.018182,
          3422.057143,
          3407.975806
        ]
      },
      {
        "date": "2025-01-24",
        "close": 3616.5,
        "volume": 2415,
        "typical_volume": 3639.0,
        "trend": 3399.258333,
        "fair_value": 2929.732372,
        "relative_strength": 2.802518,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.890619,
        "energy": 84.590998,
        "activity_lines": [
          3528.016667,
          3478.313636,
          3441.636905,
          3422.574731
        ]
      },
      {
        "date": "2025-01-31",
        "close": 3667.0,
        "volume": 21957,
        "typical_volume": 4707.45,
        "trend": 3407.825,
        "fair_value": 2935.804487,
        "relative_strength": 2.115406,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.831055,
        "energy": 94.813602,
        "activity_lines": [
          3587.633333,
          3518.795455,
          3464.494048,
          3439.848387
        ]
      },
      {
        "date": "2025-02-07",
        "close": 3685.0,
        "volume": 2037,
        "typical_volume": 4809.3,
        "trend": 3415.25,
        "fair_value": 2941.741987,
        "relative_strength": 2.267224,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.717031,
        "energy": 93.699801,
        "activity_lines": [
          3635.6,
          3556.672727,
          3487.640476,
          3457.730645
        ]
      },
      {
        "date": "2025-02-14",
        "close": 3801.75,
        "volume": 0,
        "typical_volume": 4694.4,
        "trend": 3430.791667,
        "fair_value": 2948.738782,
        "relative_strength": 5.013285,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 93.77782,
        "energy": 97.425634,
        "activity_lines": [
          3703.333333,
          3609.868182,
          3520.446429,
          3482.666129
        ]
      },
      {
        "date": "2025-02-21",
        "close": 3788.0,
        "volume": 8258,
        "typical_volume": 5037.5,
        "trend": 3445.3,
        "fair_value": 2956.133013,
        "relative_strength": 5.436426,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.657426,
        "energy": 93.897264,
        "activity_lines": [
          3743.5,
          3654.368182,
          3550.535714,
          3505.711828
        ]
      },
      {
        "date": "2025-02-28",
        "close": 3791.0,
        "volume": 1884,
        "typical_volume": 4741.3,
        "trend": 3464.616667,
        "fair_value": 2965.224359,
        "relative_strength": 3.685626,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.627446,
        "energy": 90.981919,
        "activity_lines": [
          3769.95,
          3693.331818,
          3579.19881,
          3528.015054
        ]
      },
      {
        "date": "2025-03-07",
        "close": 3818.75,
        "volume": 1111,
        "typical_volume": 4660.0,
        "trend": 3484.233333,
        "fair_value": 2973.958333,
        "relative_strength": 5.956214,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.056534,
        "energy": 91.019914,
        "activity_lines": [
          3794.016667,
          3729.95,
          3608.89881,
          3550.862366
        ]
      },
      {
        "date": "2025-03-14",
        "close": 3788.0,
        "volume": 215,
        "typical_volume": 4249.3,
        "trend": 3499.375,
        "fair_value": 2981.628205,
        "relative_strength": 5.629769,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.926589,
        "energy": 67.379719,
        "activity_lines": [
          3797.716667,
          3753.404545,
          3633.977381,
          3570.460215
        ]
      },
      {
        "date": "2025-03-21",
        "close": 3798.5,
        "volume": 1,
        "typical_volume": 4247.7,
        "trend": 3513.183333,
        "fair_value": 2989.461538,
        "relative_strength": 5.663065,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.597731,
        "energy": 66.318755,
        "activity_lines": [
          3798.05,
          3771.672727,
          3658.320238,
          3589.758602
        ]
      },
      {
        "date": "2025-03-28",
        "close": 3738.75,
        "volume": 2303,
        "typical_volume": 4247.45,
        "trend": 3523.716667,
        "fair_value": 2996.665064,
        "relative_strength": 3.824689,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.270101,
        "energy": 61.570292,
        "activity_lines": [
          3778.683333,
          3772.868182,
          3675.005952,
          3604.31129
        ]
      },
      {
        "date": "2025-04-04",
        "close": 3448.25,
        "volume": 1488,
        "typical_volume": 3993.25,
        "trend": 3528.833333,
        "fair_value": 3002.246795,
        "relative_strength": 2.910248,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "up",
        "direction": 12.084613,
        "energy": 18.087431,
        "activity_lines": [
          3665.766667,
          3718.127273,
          3662.163095,
          3599.442473
        ]
      },
      {
        "date": "2025-04-11",
        "close": 3385.5,
        "volume": 19812,
        "typical_volume": 4853.6,
        "trend": 3529.425,
        "fair_value": 3007.408654,
        "relative_strength": 2.138755,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "up",
        "direction": -8.933662,
        "energy": 28.886563,
        "activity_lines": [
          3554.783333,
          3655.036364,
          3642.836905,
          3590.195161
        ]
      },
      {
        "date": "2025-04-18",
        "close": 3523.25,
        "volume": 5749,
        "typical_volume": 4925.7,
        "trend": 3534.25,
        "fair_value": 3013.483974,
        "relative_strength": 2.247232,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -17.946405,
        "energy": 36.805013,
        "activity_lines": [
          3518.6,
          3622.109091,
          3636.430952,
          3589.796774
        ]
      },
      {
        "date": "2025-04-25",
        "close": 3668.25,
        "volume": 97,
        "typical_volume": 4447.2,
        "trend": 3539.65,
        "fair_value": 3020.616987,
        "relative_strength": 4.580734,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 8.15094,
        "energy": 29.835987,
        "activity_lines": [
          3548.4,
          3618.486364,
          3643.057143,
          3598.441935
        ]
      },
      {
        "date": "2025-05-02",
        "close": 3783.5,
        "volume": 407,
        "typical_volume": 4183.3,
        "trend": 3551.483333,
        "fair_value": 3029.043269,
        "relative_strength": 5.430461,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.535076,
        "energy": 22.12249,
        "activity_lines": [
          3625.3,
          3638.245455,
          3659.672619,
          3614.174194
        ]
      },
      {
        "date": "2025-05-09",
        "close": 3836.75,
        "volume": 2438,
        "typical_volume": 4023.65,
        "trend": 3564.25,
        "fair_value": 3037.597756,
        "relative_strength": 7.242102,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 61.276209,
        "energy": 42.481019,
        "activity_lines": [
          3716.966667,
          3667.768182,
          3679.788095,
          3632.578495
        ]
      },
      {
        "date": "2025-05-16",
        "close": 3918.5,
        "volume": 12533,
        "typical_volume": 4554.35,
        "trend": 3579.425,
        "fair_value": 3046.767628,
        "relative_strength": 7.693403,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.326304,
        "energy": 73.846379,
        "activity_lines": [
          3809.983333,
          3711.322727,
          3705.535714,
          3655.433333
        ]
      },
      {
        "date": "2025-05-23",
        "close": 3887.0,
        "volume": 3488,
        "typical_volume": 4441.6,
        "trend": 3594.875,
        "fair_value": 3055.057692,
        "relative_strength": 6.271067,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.310534,
        "energy": 80.425562,
        "activity_lines": [
          3856.966667,
          3747.336364,
          3725.825,
          3675.276882
        ]
      },
      {
        "date": "2025-05-30",
        "close": 3924.75,
        "volume": 3874,
        "typical_volume": 4525.05,
        "trend": 3612.85,
        "fair_value": 3063.804487,
        "relative_strength": 6.474143,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.790252,
        "energy": 83.418316,
        "activity_lines": [
          3892.283333,
          3788.413636,
          3747.379762,
          3696.55914
        ]
      },
      {
        "date": "2025-06-06",
        "close": 3959.75,
        "volume": 4994,
        "typical_volume": 4753.05,
        "trend": 3633.25,
        "fair_value": 3073.407051,
        "relative_strength": 6.491982,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.277528,
        "energy": 84.063031,
        "activity_lines": [
          3922.166667,
          3833.559091,
          3770.040476,
          3718.939785
        ]
      },
      {
        "date": "2025-06-13",
        "close": 3877.5,
        "volume": 7203,
        "typical_volume": 4992.45,
        "trend": 3651.108333,
        "fair_value": 3083.190705,
        "relative_strength": 3.988901,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.745436,
        "energy": 64.181506,
        "activity_lines": [
          3912.883333,
          3859.731818,
          3782.99881,
          3734.697849
        ]
      },
      {
        "date": "2025-06-20",
        "close": 3833.0,
        "volume": 2656,
        "typical_volume": 4027.4,
        "trend": 3667.416667,
        "fair_value": 3092.354167,
        "relative_strength": 3.551989,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.083619,
        "energy": 48.652401,
        "activity_lines": [
          3886.05,
          3870.009091,
          3790.47619,
          3746.432796
        ]
      },
      {
        "date": "2025-06-27",
        "close": 3911.5,
        "volume": 2662,
        "typical_volume": 4058.65,
        "trend": 3685.8,
        "fair_value": 3102.392628,
        "relative_strength": 5.215214,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.879341,
        "energy": 45.862867,
        "activity_lines": [
          3891.083333,
          3886.422727,
          3804.639286,
          3762.180108
        ]
      },
      {
        "date": "2025-07-04",
        "close": 3898.75,
        "volume": 1229,
        "typical_volume": 4120.1,
        "trend": 3700.391667,
        "fair_value": 3112.057692,
        "relative_strength": 4.462247,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 50.68655,
        "energy": 38.901494,
        "activity_lines": [
          3890.233333,
          3893.459091,
          3816.509524,
          3775.918817
        ]
      },
      {
        "date": "2025-07-11",
        "close": 3956.0,
        "volume": 175,
        "typical_volume": 3715.95,
        "trend": 3717.141667,
        "fair_value": 3122.232372,
        "relative_strength": 4.486017,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.594856,
        "energy": 50.549519,
        "activity_lines": [
          3910.2,
          3906.713636,
          3833.370238,
          3792.409677
        ]
      },
      {
        "date": "2025-07-18",
        "close": 3948.75,
        "volume": 5299,
        "typical_volume": 3886.7,
        "trend": 3735.95,
        "fair_value": 3131.857372,
        "relative_strength": 3.561173,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.066262,
        "energy": 68.507135,
        "activity_lines": [
          3928.0,
          3915.513636,
          3848.740476,
          3807.352151
        ]
      },
      {
        "date": "2025-07-25",
        "close": 3965.75,
        "volume": 5034,
        "typical_volume": 4082.85,
        "trend": 3754.733333,
        "fair_value": 3141.145833,
        "relative_strength": 2.404857,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.170192,
        "energy": 76.7636,
        "activity_lines": [
          3946.716667,
          3925.368182,
          3864.978571,
          3822.177957
        ]
      },
      {
        "date": "2025-08-01",
        "close": 3847.75,
        "volume": 875,
        "typical_volume": 4115.85,
        "trend": 3769.733333,
        "fair_value": 3149.652244,
        "relative_strength": -0.217797,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.673683,
        "energy": 50.22131,
        "activity_lines": [
          3917.25,
          3912.909091,
          3869.278571,
          3828.179032
        ]
      },
      {
        "date": "2025-08-08",
        "close": 3978.5,
        "volume": 4438,
        "typical_volume": 4337.7,
        "trend": 3787.116667,
        "fair_value": 3158.729167,
        "relative_strength": 2.67078,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.802278,
        "energy": 50.48096,
        "activity_lines": [
          3935.616667,
          3924.936364,
          3885.746429,
          3841.647849
        ]
      },
      {
        "date": "2025-08-15",
        "close": 4043.0,
        "volume": 183,
        "typical_volume": 4231.7,
        "trend": 3802.975,
        "fair_value": 3168.455128,
        "relative_strength": 3.648915,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.364692,
        "energy": 58.141362,
        "activity_lines": [
          3970.166667,
          3947.713636,
          3907.5,
          3858.156452
        ]
      },
      {
        "date": "2025-08-22",
        "close": 4071.5,
        "volume": 26397,
        "typical_volume": 5477.15,
        "trend": 3818.141667,
        "fair_value": 3178.911859,
        "relative_strength": 2.195926,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.398523,
        "energy": 69.275835,
        "activity_lines": [
          4008.416667,
          3974.159091,
          3930.519048,
          3875.480645
        ]
      },
      {
        "date": "2025-08-29",
        "close": 3973.5,
        "volume": 3198,
        "typical_volume": 4646.45,
        "trend": 3828.358333,
        "fair_value": 3188.951923,
        "relative_strength": 1.083214,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.830854,
        "energy": 71.206775,
        "activity_lines": [
          4005.816667,
          3979.259091,
          3941.236905,
          3885.503763
        ]
      },
      {
        "date": "2025-09-05",
        "close": 3949.0,
        "volume": 15336,
        "typical_volume": 5125.8,
        "trend": 3837.158333,
        "fair_value": 3198.692308,
        "relative_strength": 0.114265,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.337813,
        "energy": 56.600749,
        "activity_lines": [
          3994.533333,
          3977.35,
          3946.821429,
          3893.287097
        ]
      },
      {
        "date": "2025-09-12",
        "close": 4016.75,
        "volume": 187,
        "typical_volume": 5130.3,
        "trend": 3844.325,
        "fair_value": 3209.245192,
        "relative_strength": 0.892043,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.993235,
        "energy": 50.02981,
        "activity_lines": [
          3999.083333,
          3987.077273,
          3956.830952,
          3904.873656
        ]
      },
      {
        "date": "2025-09-19",
        "close": 4041.5,
        "volume": 11637,
        "typical_volume": 5691.8,
        "trend": 3852.775,
        "fair_value": 3220.674679,
        "relative_strength": 2.119086,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.153411,
        "energy": 45.688697,
        "activity_lines": [
          4009.333333,
          3999.159091,
          3967.538095,
          3917.594624
        ]
      },
      {
        "date": "2025-09-26",
        "close": 4071.0,
        "volume": 6699,
        "typical_volume": 5904.85,
        "trend": 3862.108333,
        "fair_value": 3232.427885,
        "relative_strength": 2.031994,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.798474,
        "energy": 52.718801,
        "activity_lines": [
          4029.516667,
          4015.05,
          3979.82619,
          3931.673656
        ]
      },
      {
        "date": "2025-10-03",
        "close": 4167.472168,
        "volume": 1388,
        "typical_volume": 5347.6,
        "trend": 3873.732406,
        "fair_value": 3244.597578,
        "relative_strength": 2.063013,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.212905,
        "energy": 80.63224,
        "activity_lines": [
          4081.890723,
          4046.258576,
          4000.186635,
          3951.374548
        ]
      },
      {
        "date": "2025-10-10",
        "close": 4115.75,
        "volume": 1459,
        "typical_volume": 5246.15,
        "trend": 3884.657406,
        "fair_value": 3256.410078,
        "relative_strength": 1.396319,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.11458,
        "energy": 80.566407,
        "activity_lines": [
          4104.092578,
          4064.395446,
          4014.435577,
          3966.988587
        ]
      },
      {
        "date": "2025-10-17",
        "close": 4144.25,
        "volume": 9078,
        "typical_volume": 5506.35,
        "trend": 3896.182406,
        "fair_value": 3268.081552,
        "relative_strength": 2.762517,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.909524,
        "energy": 82.009524,
        "activity_lines": [
          4124.677767,
          4082.841406,
          4030.309519,
          3983.736496
        ]
      },
      {
        "date": "2025-10-24",
        "close": 4200.709961,
        "volume": 1312,
        "typical_volume": 5322.25,
        "trend": 3911.581071,
        "fair_value": 3279.568475,
        "relative_strength": 0.927838,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.179061,
        "energy": 87.740988,
        "activity_lines": [
          4155.582943,
          4108.539178,
          4050.515362,
          4003.383435
        ]
      },
      {
        "date": "2025-10-31",
        "close": 4194.0,
        "volume": 9268,
        "typical_volume": 5425.5,
        "trend": 3936.439404,
        "fair_value": 3290.733539,
        "relative_strength": -0.055221,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.363787,
        "energy": 83.280295,
        "activity_lines": [
          4173.637467,
          4130.149503,
          4068.934733,
          4021.604011
        ]
      },
      {
        "date": "2025-11-07",
        "close": 4125.0,
        "volume": 1864,
        "typical_volume": 5385.9,
        "trend": 3961.089404,
        "fair_value": 3300.669437,
        "relative_strength": -1.39688,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.052042,
        "energy": 61.813385,
        "activity_lines": [
          4160.491992,
          4136.987101,
          4079.275532,
          4033.769211
        ]
      },
      {
        "date": "2025-11-14",
        "close": 4214.5,
        "volume": 10265,
        "typical_volume": 5766.05,
        "trend": 3984.131071,
        "fair_value": 3311.047642,
        "relative_strength": 0.488333,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.67563,
        "energy": 63.094377,
        "activity_lines": [
          4180.011328,
          4157.34288,
          4096.749665,
          4050.118282
        ]
      },
      {
        "date": "2025-11-21",
        "close": 4098.5,
        "volume": 26089,
        "typical_volume": 7009.05,
        "trend": 3998.472738,
        "fair_value": 3320.472321,
        "relative_strength": -0.761781,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.375729,
        "energy": 44.849676,
        "activity_lines": [
          4154.280664,
          4151.780478,
          4101.733322,
          4057.496922
        ]
      },
      {
        "date": "2025-11-28",
        "close": 4211.5,
        "volume": 244,
        "typical_volume": 7012.5,
        "trend": 4012.739404,
        "fair_value": 3330.555655,
        "relative_strength": -0.045906,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.686182,
        "energy": 47.060492,
        "activity_lines": [
          4169.266667,
          4165.277166,
          4116.527693,
          4071.240617
        ]
      },
      {
        "date": "2025-12-05",
        "close": 4248.5,
        "volume": 19,
        "typical_volume": 6748.5,
        "trend": 4026.464404,
        "fair_value": 3341.022001,
        "relative_strength": 1.287239,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.041066,
        "energy": 54.785294,
        "activity_lines": [
          4195.866667,
          4182.410218,
          4133.629206,
          4086.450978
        ]
      },
      {
        "date": "2025-12-12",
        "close": 4252.0,
        "volume": 4612,
        "typical_volume": 6727.4,
        "trend": 4037.581071,
        "fair_value": 3352.062065,
        "relative_strength": 1.449186,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.909903,
        "energy": 53.977265,
        "activity_lines": [
          4220.0,
          4196.952362,
          4149.636672,
          4101.001661
        ]
      },
      {
        "date": "2025-12-19",
        "close": 4297.5,
        "volume": 374,
        "typical_volume": 6702.35,
        "trend": 4051.264404,
        "fair_value": 3363.276809,
        "relative_strength": -0.107449,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.940824,
        "energy": 78.995084,
        "activity_lines": [
          4250.833333,
          4218.230362,
          4168.614376,
          4117.770624
        ]
      },
      {
        "date": "2025-12-26",
        "close": 4288.0,
        "volume": 576,
        "typical_volume": 6509.25,
        "trend": 4063.372738,
        "fair_value": 3374.43386,
        "relative_strength": -0.13356,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.536082,
        "energy": 79.562667,
        "activity_lines": [
          4272.966667,
          4234.476545,
          4184.545652,
          4133.043889
        ]
      },
      {
        "date": "2026-01-02",
        "close": 4355.75,
        "volume": 575,
        "typical_volume": 6528.85,
        "trend": 4076.572738,
        "fair_value": 3385.174244,
        "relative_strength": 0.515547,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.146946,
        "energy": 87.60933,
        "activity_lines": [
          4305.05,
          4260.427273,
          4205.455499,
          4151.906938
        ]
      },
      {
        "date": "2026-01-09",
        "close": 4466.0,
        "volume": 8821,
        "typical_volume": 5650.05,
        "trend": 4096.189404,
        "fair_value": 3396.095719,
        "relative_strength": 1.195349,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 92.912605,
        "energy": 95.211622,
        "activity_lines": [
          4364.266667,
          4303.604545,
          4235.37606,
          4177.031277
        ]
      },
      {
        "date": "2026-01-16",
        "close": 4480.25,
        "volume": 21265,
        "typical_volume": 6553.4,
        "trend": 4117.764404,
        "fair_value": 3407.204693,
        "relative_strength": 0.339233,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.705259,
        "energy": 95.00141,
        "activity_lines": [
          4413.733333,
          4344.427273,
          4264.775193,
          4201.80938
        ]
      },
      {
        "date": "2026-01-23",
        "close": 4424.25,
        "volume": 80,
        "typical_volume": 5790.6,
        "trend": 4134.856071,
        "fair_value": 3417.693475,
        "relative_strength": -0.064891,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.986784,
        "energy": 86.955137,
        "activity_lines": [
          4429.316667,
          4368.609091,
          4286.427897,
          4221.582644
        ]
      },
      {
        "date": "2026-01-30",
        "close": 4437.0,
        "volume": 3493,
        "typical_volume": 5955.9,
        "trend": 4152.797738,
        "fair_value": 3427.88418,
        "relative_strength": -0.611359,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.426019,
        "energy": 82.043598,
        "activity_lines": [
          4440.7,
          4391.295455,
          4307.031792,
          4241.075801
        ]
      },
      {
        "date": "2026-02-06",
        "close": 4491.5,
        "volume": 1922,
        "typical_volume": 5470.15,
        "trend": 4170.647738,
        "fair_value": 3438.687065,
        "relative_strength": -0.851876,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.399882,
        "energy": 70.247082,
        "activity_lines": [
          4460.316667,
          4417.736364,
          4330.824972,
          4262.92756
        ]
      },
      {
        "date": "2026-02-13",
        "close": 4494.25,
        "volume": 9483,
        "typical_volume": 5609.35,
        "trend": 4188.831071,
        "fair_value": 3449.142193,
        "relative_strength": -1.496369,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.315451,
        "energy": 67.743108,
        "activity_lines": [
          4471.8,
          4439.586364,
          4352.7372,
          4283.805125
        ]
      },
      {
        "date": "2026-02-20",
        "close": 4598.25,
        "volume": 715,
        "typical_volume": 5575.7,
        "trend": 4209.914404,
        "fair_value": 3460.600526,
        "relative_strength": -1.453841,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.599523,
        "energy": 82.099476,
        "activity_lines": [
          4516.066667,
          4475.877273,
          4382.538714,
          4310.21925
        ]
      },
      {
        "date": "2026-02-27",
        "close": 4616.75,
        "volume": 455,
        "typical_volume": 5525.5,
        "trend": 4235.547738,
        "fair_value": 3471.818475,
        "relative_strength": -3.055329,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.445436,
        "energy": 93.076384,
        "activity_lines": [
          4558.633333,
          4509.236364,
          4412.050809,
          4336.466708
        ]
      },
      {
        "date": "2026-03-06",
        "close": 4313.0,
        "volume": 1626,
        "typical_volume": 5152.9,
        "trend": 4246.697738,
        "fair_value": 3481.456296,
        "relative_strength": -3.835651,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 53.583145,
        "energy": 51.330665,
        "activity_lines": [
          4487.116667,
          4481.563636,
          4410.248619,
          4341.463628
        ]
      },
      {
        "date": "2026-03-13",
        "close": 4316.25,
        "volume": 1862,
        "typical_volume": 5180.4,
        "trend": 4255.806071,
        "fair_value": 3491.799244,
        "relative_strength": -3.464463,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 35.138203,
        "energy": 29.224541,
        "activity_lines": [
          4424.95,
          4454.027273,
          4407.952381,
          4345.950871
        ]
      },
      {
        "date": "2026-03-20",
        "close": 4168.5,
        "volume": 310,
        "typical_volume": 4732.5,
        "trend": 4259.039404,
        "fair_value": 3500.993155,
        "relative_strength": -3.464752,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "up",
        "direction": -6.647838,
        "energy": 24.303729,
        "activity_lines": [
          4325.216667,
          4400.345455,
          4391.034524,
          4340.318221
        ]
      },
      {
        "date": "2026-03-27",
        "close": 4179.5,
        "volume": 3440,
        "typical_volume": 4811.3,
        "trend": 4265.906071,
        "fair_value": 3509.441873,
        "relative_strength": -3.633755,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -36.281914,
        "energy": 45.4174,
        "activity_lines": [
          4250.866667,
          4354.072727,
          4375.285714,
          4335.186646
        ]
      },
      {
        "date": "2026-04-03",
        "close": 4325.75,
        "volume": 1113,
        "typical_volume": 4353.7,
        "trend": 4278.464404,
        "fair_value": 3518.829693,
        "relative_strength": -4.685616,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -21.937214,
        "energy": 37.127934,
        "activity_lines": [
          4253.183333,
          4339.859091,
          4373.205952,
          4339.047545
        ]
      },
      {
        "date": "2026-04-10",
        "close": 4522.5,
        "volume": 11320,
        "typical_volume": 3615.25,
        "trend": 4295.322738,
        "fair_value": 3529.19668,
        "relative_strength": -1.900633,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "up",
        "direction": 27.160638,
        "energy": 23.892012,
        "activity_lines": [
          4340.483333,
          4363.209091,
          4389.334524,
          4354.791777
        ]
      },
      {
        "date": "2026-04-17",
        "close": 4616.5,
        "volume": 8131,
        "typical_volume": 4009.6,
        "trend": 4314.489404,
        "fair_value": 3540.100526,
        "relative_strength": -0.522415,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 58.036079,
        "energy": 34.868385,
        "activity_lines": [
          4445.15,
          4402.095455,
          4412.396429,
          4375.512891
        ]
      },
      {
        "date": "2026-04-24",
        "close": 4501.75,
        "volume": 5245,
        "typical_volume": 4270.9,
        "trend": 4328.847738,
        "fair_value": 3550.313667,
        "relative_strength": -0.289141,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 45.444096,
        "energy": 41.332981,
        "activity_lines": [
          4491.55,
          4417.845455,
          4422.60119,
          4387.594219
        ]
      },
      {
        "date": "2026-05-01",
        "close": 4534.0,
        "volume": 22938,
        "typical_volume": 5187.2,
        "trend": 4341.065332,
        "fair_value": 3560.75277,
        "relative_strength": 0.584221,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.05823,
        "energy": 49.441061,
        "activity_lines": [
          4526.483333,
          4439.322727,
          4434.671429,
          4400.829849
        ]
      },
      {
        "date": "2026-05-08",
        "close": 4569.5,
        "volume": 1046,
        "typical_volume": 5220.8,
        "trend": 4356.190332,
        "fair_value": 3571.449885,
        "relative_strength": 2.676367,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.828489,
        "energy": 66.568622,
        "activity_lines": [
          4549.616667,
          4468.422727,
          4448.779762,
          4415.56757
        ]
      },
      {
        "date": "2026-05-15",
        "close": 4530.0,
        "volume": 13007,
        "typical_volume": 5842.35,
        "trend": 4369.048665,
        "fair_value": 3581.590911,
        "relative_strength": 2.19629,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.855534,
        "energy": 53.407131,
        "activity_lines": [
          4543.333333,
          4491.2,
          4457.830952,
          4426.781097
        ]
      },
      {
        "date": "2026-05-22",
        "close": 4687.5,
        "volume": 20071,
        "typical_volume": 6817.15,
        "trend": 4385.275,
        "fair_value": 3592.98995,
        "relative_strength": 3.003214,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.326486,
        "energy": 58.518703,
        "activity_lines": [
          4589.05,
          4538.668182,
          4480.729762,
          4447.326344
        ]
      },
      {
        "date": "2026-05-29",
        "close": 4705.25,
        "volume": 559,
        "typical_volume": 6404.05,
        "trend": 4402.316667,
        "fair_value": 3604.464309,
        "relative_strength": 3.938154,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.39872,
        "energy": 62.249746,
        "activity_lines": [
          4635.95,
          4582.613636,
          4503.739286,
          4467.969892
        ]
      },
      {
        "date": "2026-06-05",
        "close": 4716.75,
        "volume": 0,
        "typical_volume": 5340.8,
        "trend": 4422.041667,
        "fair_value": 3616.106937,
        "relative_strength": 4.574373,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.50544,
        "energy": 76.114755,
        "activity_lines": [
          4673.116667,
          4618.890909,
          4526.704762,
          4488.255914
        ]
      },
      {
        "date": "2026-06-12",
        "close": 4811.25,
        "volume": 51,
        "typical_volume": 5339.35,
        "trend": 4441.933333,
        "fair_value": 3627.93386,
        "relative_strength": 5.514627,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.18248,
        "energy": 87.184438,
        "activity_lines": [
          4729.6,
          4662.581818,
          4557.544048,
          4513.366129
        ]
      },
      {
        "date": "2026-06-19",
        "close": 4897.25,
        "volume": 0,
        "typical_volume": 5164.7,
        "trend": 4468.558333,
        "fair_value": 3640.919437,
        "relative_strength": 8.353098,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.535987,
        "energy": 92.704783,
        "activity_lines": [
          4798.633333,
          4713.081818,
          4594.730952,
          4542.741398
        ]
      },
      {
        "date": "2026-06-26",
        "close": 4838.75,
        "volume": 0,
        "typical_volume": 5068.6,
        "trend": 4489.466667,
        "fair_value": 3652.967514,
        "relative_strength": 5.510366,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.100484,
        "energy": 88.015254,
        "activity_lines": [
          4823.683333,
          4746.131818,
          4624.154762,
          4566.624731
        ]
      },
      {
        "date": "2026-07-03",
        "close": 4972.0,
        "volume": 589,
        "typical_volume": 4623.9,
        "trend": 4513.583333,
        "fair_value": 3666.473924,
        "relative_strength": 6.568611,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.935569,
        "energy": 93.866127,
        "activity_lines": [
          4883.066667,
          4799.368182,
          4664.615476,
          4597.755914
        ]
      },
      {
        "date": "2026-07-10",
        "close": 4869.5,
        "volume": 636,
        "typical_volume": 4619.95,
        "trend": 4534.166667,
        "fair_value": 3678.704693,
        "relative_strength": 6.078181,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.684344,
        "energy": 85.520231,
        "activity_lines": [
          4890.5,
          4825.418182,
          4693.039286,
          4620.71828
        ]
      },
      {
        "date": "2026-07-17",
        "close": 4828.25,
        "volume": 50524,
        "typical_volume": 7123.4,
        "trend": 4551.858333,
        "fair_value": 3690.573283,
        "relative_strength": 4.081794,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.5981,
        "energy": 73.73787,
        "activity_lines": [
          4874.0,
          4837.868182,
          4716.242857,
          4639.691398
        ]
      },
      {
        "date": "2026-07-24",
        "close": 4870.75,
        "volume": 11756,
        "typical_volume": 7629.9,
        "trend": 4571.283333,
        "fair_value": 3702.425847,
        "relative_strength": 3.584065,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.148569,
        "energy": 63.745265,
        "activity_lines": [
          4870.533333,
          4853.340909,
          4742.486905,
          4660.265054
        ]
      },
      {
        "date": "2026-07-31",
        "close": 4903.75,
        "volume": 2505,
        "typical_volume": 7662.05,
        "trend": 4589.55,
        "fair_value": 3715.031616,
        "relative_strength": 2.898617,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.224179,
        "energy": 60.06497,
        "activity_lines": [
          4879.833333,
          4868.618182,
          4769.217857,
          4681.714516
        ]
      },
      {
        "date": "2026-08-07",
        "close": 5034.0,
        "volume": 70602,
        "typical_volume": 11176.65,
        "trend": 4608.483333,
        "fair_value": 3728.533219,
        "relative_strength": 5.19947,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.331293,
        "energy": 69.765074,
        "activity_lines": [
          4928.216667,
          4903.645455,
          4805.555952,
          4710.38871
        ]
      }
    ],
    "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."
    }
  }
}