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        "typical_volume": 1093501.35,
        "trend": 2.950333,
        "fair_value": 4.988895,
        "relative_strength": -38.317866,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.455585,
        "energy": 44.877619,
        "activity_lines": [
          2.498,
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 1091649.15,
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        "energy": 53.121888,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 1093629.25,
        "trend": 2.861167,
        "fair_value": 4.928011,
        "relative_strength": -35.719166,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 58.401614,
        "activity_lines": [
          2.332667,
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 1107660.0,
        "trend": 2.831,
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        "relative_strength": -38.079342,
        "stage": 4,
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        "modifier": "Established contraction",
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        "energy": 61.746937,
        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": -35.621491,
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        "direction": -61.076473,
        "energy": 53.680311,
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      },
      {
        "date": "2026-07-03",
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        "volume": 802699,
        "typical_volume": 915610.7,
        "trend": 2.719,
        "fair_value": 4.810707,
        "relative_strength": -32.621601,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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      },
      {
        "date": "2026-07-10",
        "close": 2.13,
        "volume": 703397,
        "typical_volume": 935166.1,
        "trend": 2.682333,
        "fair_value": 4.781882,
        "relative_strength": -38.235669,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.484643,
        "energy": 39.955422,
        "activity_lines": [
          2.207333,
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          2.387095,
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      },
      {
        "date": "2026-07-17",
        "close": 2.14,
        "volume": 727554,
        "typical_volume": 900105.55,
        "trend": 2.648333,
        "fair_value": 4.753777,
        "relative_strength": -34.639229,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.077346,
        "energy": 38.349956,
        "activity_lines": [
          2.184,
          2.214727,
          2.357286,
          2.465699
        ]
      },
      {
        "date": "2026-07-24",
        "close": 2.13,
        "volume": 564894,
        "typical_volume": 864375.5,
        "trend": 2.614667,
        "fair_value": 4.726158,
        "relative_strength": -33.207497,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.258689,
        "energy": 39.514226,
        "activity_lines": [
          2.162,
          2.192727,
          2.328571,
          2.432258
        ]
      },
      {
        "date": "2026-07-31",
        "close": 2.22,
        "volume": 504188,
        "typical_volume": 823002.0,
        "trend": 2.581333,
        "fair_value": 4.700052,
        "relative_strength": -30.134007,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.229188,
        "energy": 40.305867,
        "activity_lines": [
          2.174,
          2.192727,
          2.309333,
          2.406796
        ]
      },
      {
        "date": "2026-08-07",
        "close": 2.08,
        "volume": 683674,
        "typical_volume": 809613.05,
        "trend": 2.546333,
        "fair_value": 4.673041,
        "relative_strength": -37.042274,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.120372,
        "energy": 45.285135,
        "activity_lines": [
          2.138667,
          2.168,
          2.276952,
          2.374452
        ]
      }
    ],
    "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."
    }
  }
}