{
  "ticker": {
    "uuid": "e038cdf1-965a-43fd-a139-c5b3f40841f5",
    "symbol": "POLYCAB",
    "name": "Polycab India Limited",
    "exchange": "NSI",
    "country": "IN",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^NSEI",
    "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": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 30.208,
    "architecture_energy": 25.017,
    "architecture_maturity": 68.07,
    "architecture_confidence": 95.941,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 46.98,
        "rotation_up": 19.36,
        "upward_expansion": 53.87,
        "deceleration": 93.8,
        "rotation_down": 32.95,
        "downward_expansion": 19.87
      },
      "activity_lines": [
        9076.2,
        9225.717472,
        9152.768538,
        8833.440275
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 9218.0,
    "trend_reference": 8392.386116,
    "distance_from_trend": 0.098377,
    "trend_direction": "Improving",
    "fair_value": 6569.876025,
    "distance_from_fair_value": 0.403071,
    "fair_value_direction": "Weakening",
    "relative_strength": 15.926548,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.209156,
    "excess_performance": 0.252865,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.098377,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.07905,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.403071,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.076116,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.159265,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.129822,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.209156,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.178236,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1100242,
      "relative_activity": 0.71765,
      "balance": 2.178236,
      "dry_up": 1.137206,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.04762,
      "annualized_volatility": 0.400279,
      "from_high_reference": -0.08913,
      "from_low_reference": 0.392447
    },
    "levels": {
      "trend_reference": 8392.386116,
      "fair_value_reference": 6569.876025,
      "structural_low": 6690.5,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 10,
        "median_return": 0.045965,
        "positive_rate": 0.8,
        "directional_follow_through": 0.8,
        "median_excess_return": 0.028274,
        "regime_survival": 0.4,
        "best_return": 0.254598,
        "worst_return": -0.039337,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.066724,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.07338,
        "regime_survival": 0.166667,
        "best_return": 0.324799,
        "worst_return": -0.161309,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.222035,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.128764,
        "regime_survival": 0.0,
        "best_return": 0.328105,
        "worst_return": -0.096618,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.276556,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.205829,
        "regime_survival": 0.0,
        "best_return": 0.968467,
        "worst_return": 0.034158,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-08-23",
        "end": "2024-10-25",
        "tenure": "Developing",
        "return": -0.044232,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-01",
        "end": "2024-12-13",
        "tenure": "Developing",
        "return": 0.156933,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-20",
        "end": "2025-01-10",
        "tenure": "New",
        "return": -0.089061,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-17",
        "end": "2025-01-24",
        "tenure": "New",
        "return": -0.127425,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-01-31",
        "end": "2025-02-07",
        "tenure": "New",
        "return": -0.027865,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-02-14",
        "end": "2025-05-16",
        "tenure": "Established",
        "return": 0.125225,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-05-30",
        "tenure": "New",
        "return": 0.018271,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-06",
        "end": "2025-07-18",
        "tenure": "Developing",
        "return": 0.140175,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-25",
        "end": "2025-12-12",
        "tenure": "Established",
        "return": 0.080481,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-19",
        "end": "2026-02-27",
        "tenure": "Developing",
        "return": 0.157481,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-03-06",
        "end": "2026-03-20",
        "tenure": "New",
        "return": -0.161483,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-27",
        "end": "2026-05-08",
        "tenure": "Developing",
        "return": 0.2792,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-15",
        "end": "2026-07-17",
        "tenure": "Developing",
        "return": -0.027146,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.034858,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 4729.291504,
        "volume": 2270429,
        "typical_volume": 2566854.1,
        "trend": 3409.129875,
        "fair_value": 2230.989795,
        "relative_strength": 45.956079,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.123801,
        "energy": 91.284664,
        "activity_lines": [
          4649.065137,
          4352.57741,
          3962.985813,
          3708.403992
        ]
      },
      {
        "date": "2023-08-25",
        "close": 4951.321289,
        "volume": 3389908,
        "typical_volume": 2701941.05,
        "trend": 3483.051677,
        "fair_value": 2257.116081,
        "relative_strength": 51.048258,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.658457,
        "energy": 73.803217,
        "activity_lines": [
          4756.315202,
          4509.501611,
          4085.314231,
          3807.900213
        ]
      },
      {
        "date": "2023-09-01",
        "close": 5155.533203,
        "volume": 2355514,
        "typical_volume": 2756180.8,
        "trend": 3558.142212,
        "fair_value": 2284.767146,
        "relative_strength": 53.709412,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 87.797542,
        "energy": 74.89471,
        "activity_lines": [
          4904.239355,
          4677.504679,
          4217.196479,
          3915.802247
        ]
      },
      {
        "date": "2023-09-08",
        "close": 5146.673828,
        "volume": 2082387,
        "typical_volume": 2801259.9,
        "trend": 3631.761206,
        "fair_value": 2312.476765,
        "relative_strength": 48.480163,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.722771,
        "energy": 72.02968,
        "activity_lines": [
          5018.689128,
          4811.850089,
          4338.140984,
          4018.288157
        ]
      },
      {
        "date": "2023-09-15",
        "close": 5114.502441,
        "volume": 2758193,
        "typical_volume": 2895258.5,
        "trend": 3703.330086,
        "fair_value": 2339.777211,
        "relative_strength": 43.14111,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.682826,
        "energy": 68.814169,
        "activity_lines": [
          5083.849414,
          4910.683101,
          4446.09817,
          4113.948882
        ]
      },
      {
        "date": "2023-09-22",
        "close": 5078.075195,
        "volume": 2523582,
        "typical_volume": 2977684.6,
        "trend": 3771.780119,
        "fair_value": 2367.163376,
        "relative_strength": 44.11779,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.566752,
        "energy": 66.616556,
        "activity_lines": [
          5103.386328,
          4973.04185,
          4541.255096,
          4202.642115
        ]
      },
      {
        "date": "2023-09-29",
        "close": 5288.968262,
        "volume": 3219887,
        "typical_volume": 2995581.05,
        "trend": 3847.379688,
        "fair_value": 2395.953481,
        "relative_strength": 48.435329,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.619401,
        "energy": 68.353185,
        "activity_lines": [
          5169.968685,
          5051.145872,
          4647.852305,
          4300.525221
        ]
      },
      {
        "date": "2023-10-06",
        "close": 5206.016602,
        "volume": 1855035,
        "typical_volume": 2985199.95,
        "trend": 3924.225171,
        "fair_value": 2424.266087,
        "relative_strength": 44.208895,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.475372,
        "energy": 63.783017,
        "activity_lines": [
          5186.39069,
          5100.556951,
          4737.248117,
          4388.179216
        ]
      },
      {
        "date": "2023-10-13",
        "close": 5269.418457,
        "volume": 1803866,
        "typical_volume": 3042840.75,
        "trend": 4005.236296,
        "fair_value": 2453.013173,
        "relative_strength": 43.448462,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.428378,
        "energy": 63.945076,
        "activity_lines": [
          5220.581087,
          5152.253782,
          4824.01993,
          4474.965879
        ]
      },
      {
        "date": "2023-10-20",
        "close": 5174.390137,
        "volume": 4809125,
        "typical_volume": 3133162.4,
        "trend": 4085.23868,
        "fair_value": 2480.687851,
        "relative_strength": 40.709708,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.86726,
        "energy": 63.152092,
        "activity_lines": [
          5214.912403,
          5173.9231,
          4892.625617,
          4550.395159
        ]
      },
      {
        "date": "2023-10-27",
        "close": 4926.327148,
        "volume": 2833081,
        "typical_volume": 3199328.2,
        "trend": 4154.956152,
        "fair_value": 2506.526415,
        "relative_strength": 35.971102,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.040818,
        "energy": 49.120749,
        "activity_lines": [
          5122.563542,
          5140.27002,
          4929.613687,
          4604.658931
        ]
      },
      {
        "date": "2023-11-03",
        "close": 4985.570801,
        "volume": 2229945,
        "typical_volume": 3258143.4,
        "trend": 4225.362272,
        "fair_value": 2532.702662,
        "relative_strength": 34.782007,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 47.937085,
        "energy": 41.631434,
        "activity_lines": [
          5060.079102,
          5113.806046,
          4965.412771,
          4658.246973
        ]
      },
      {
        "date": "2023-11-10",
        "close": 5083.815918,
        "volume": 1509137,
        "typical_volume": 3229246.8,
        "trend": 4293.629639,
        "fair_value": 2559.558563,
        "relative_strength": 34.492783,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 43.448431,
        "energy": 33.921672,
        "activity_lines": [
          5050.569531,
          5104.582102,
          5003.582671,
          4713.631079
        ]
      },
      {
        "date": "2023-11-17",
        "close": 5234.525391,
        "volume": 1757138,
        "typical_volume": 3223748.3,
        "trend": 4366.021672,
        "fair_value": 2587.358418,
        "relative_strength": 34.607778,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 53.030555,
        "energy": 36.40144,
        "activity_lines": [
          5099.443164,
          5124.063832,
          5048.054139,
          4774.334031
        ]
      },
      {
        "date": "2023-11-24",
        "close": 5226.754883,
        "volume": 2375478,
        "typical_volume": 3294039.8,
        "trend": 4435.080412,
        "fair_value": 2614.887746,
        "relative_strength": 32.322161,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 62.213406,
        "energy": 44.525741,
        "activity_lines": [
          5148.052832,
          5140.53544,
          5083.598322,
          4829.865206
        ]
      },
      {
        "date": "2023-12-01",
        "close": 5181.566895,
        "volume": 8739223,
        "typical_volume": 3571838.2,
        "trend": 4499.043522,
        "fair_value": 2641.864296,
        "relative_strength": 26.712896,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.057432,
        "energy": 44.731673,
        "activity_lines": [
          5178.108854,
          5146.750098,
          5106.4862,
          4878.025624
        ]
      },
      {
        "date": "2023-12-08",
        "close": 5391.519531,
        "volume": 1964930,
        "typical_volume": 2924585.9,
        "trend": 4567.570581,
        "fair_value": 2669.946965,
        "relative_strength": 26.094715,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.443403,
        "energy": 52.816642,
        "activity_lines": [
          5261.133106,
          5189.256295,
          5142.957985,
          4935.604722
        ]
      },
      {
        "date": "2023-12-15",
        "close": 5612.609375,
        "volume": 2437968,
        "typical_volume": 2839646.0,
        "trend": 4641.759562,
        "fair_value": 2699.43316,
        "relative_strength": 26.929439,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.209887,
        "energy": 71.268466,
        "activity_lines": [
          5390.790723,
          5270.096076,
          5196.432866,
          5003.026579
        ]
      },
      {
        "date": "2023-12-22",
        "close": 5305.053711,
        "volume": 3103541,
        "typical_volume": 2827229.55,
        "trend": 4706.758073,
        "fair_value": 2726.851827,
        "relative_strength": 19.356828,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.891097,
        "energy": 52.178664,
        "activity_lines": [
          5382.676888,
          5287.62405,
          5216.260089,
          5045.81975
        ]
      },
      {
        "date": "2023-12-29",
        "close": 5429.333496,
        "volume": 1620565,
        "typical_volume": 2781946.6,
        "trend": 4771.204183,
        "fair_value": 2755.199339,
        "relative_strength": 18.796781,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.96279,
        "energy": 53.598443,
        "activity_lines": [
          5411.28776,
          5327.100435,
          5244.4146,
          5092.437519
        ]
      },
      {
        "date": "2024-01-05",
        "close": 5346.628906,
        "volume": 1101502,
        "typical_volume": 2723500.25,
        "trend": 4833.03291,
        "fair_value": 2781.687728,
        "relative_strength": 16.017649,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.830207,
        "energy": 45.431476,
        "activity_lines": [
          5398.825195,
          5346.904288,
          5260.80179,
          5129.561695
        ]
      },
      {
        "date": "2024-01-12",
        "close": 3940.605713,
        "volume": 31457304,
        "typical_volume": 4126870.05,
        "trend": 4847.101774,
        "fair_value": 2799.535371,
        "relative_strength": -15.469732,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "up",
        "direction": -19.244877,
        "energy": 24.632034,
        "activity_lines": [
          4906.684098,
          5103.42571,
          5140.342308,
          5071.985747
        ]
      },
      {
        "date": "2024-01-19",
        "close": 4377.93457,
        "volume": 14371619,
        "typical_volume": 4727675.3,
        "trend": 4879.934399,
        "fair_value": 2819.625887,
        "relative_strength": -5.348631,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -34.521112,
        "energy": 40.236411,
        "activity_lines": [
          4657.046875,
          4958.460835,
          5066.346125,
          5041.716895
        ]
      },
      {
        "date": "2024-01-26",
        "close": 4299.882324,
        "volume": 4461380,
        "typical_volume": 4846624.95,
        "trend": 4906.090283,
        "fair_value": 2839.564598,
        "relative_strength": -6.249947,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -44.301702,
        "energy": 57.329408,
        "activity_lines": [
          4463.70389,
          4812.138849,
          4988.619245,
          5004.294181
        ]
      },
      {
        "date": "2024-02-02",
        "close": 4339.329102,
        "volume": 3329499,
        "typical_volume": 4875190.25,
        "trend": 4934.978239,
        "fair_value": 2859.366493,
        "relative_strength": -7.856488,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -37.586326,
        "energy": 68.089562,
        "activity_lines": [
          4350.521257,
          4689.982515,
          4918.681542,
          4967.728943
        ]
      },
      {
        "date": "2024-02-09",
        "close": 4263.751465,
        "volume": 2025613,
        "typical_volume": 4850291.8,
        "trend": 4949.26547,
        "fair_value": 2878.412388,
        "relative_strength": -9.417212,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -67.059872,
        "energy": 79.185444,
        "activity_lines": [
          4284.813037,
          4570.219806,
          4845.23727,
          4924.42399
        ]
      },
      {
        "date": "2024-02-16",
        "close": 4622.730957,
        "volume": 4378468,
        "typical_volume": 4908220.85,
        "trend": 4952.010734,
        "fair_value": 2899.756939,
        "relative_strength": -3.32294,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.641168,
        "energy": 56.536491,
        "activity_lines": [
          4410.956478,
          4532.41365,
          4809.859253,
          4903.357247
        ]
      },
      {
        "date": "2024-02-23",
        "close": 4753.196777,
        "volume": 3451256,
        "typical_volume": 4988031.9,
        "trend": 4953.860148,
        "fair_value": 2921.88949,
        "relative_strength": -1.719754,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -47.618834,
        "energy": 34.229134,
        "activity_lines": [
          4535.113509,
          4532.306525,
          4790.079111,
          4890.53054
        ]
      },
      {
        "date": "2024-03-01",
        "close": 4758.790039,
        "volume": 2836812,
        "typical_volume": 5039679.2,
        "trend": 4960.213534,
        "fair_value": 2943.975906,
        "relative_strength": -2.515156,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -40.853676,
        "energy": 23.412606,
        "activity_lines": [
          4636.11748,
          4548.842041,
          4772.987945,
          4877.945372
        ]
      },
      {
        "date": "2024-03-08",
        "close": 4841.494141,
        "volume": 1906538,
        "typical_volume": 4894549.85,
        "trend": 4967.853735,
        "fair_value": 2966.53418,
        "relative_strength": -1.923467,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -33.264572,
        "energy": 24.382642,
        "activity_lines": [
          4734.095638,
          4590.346733,
          4766.204925,
          4870.286056
        ]
      },
      {
        "date": "2024-03-15",
        "close": 4844.958496,
        "volume": 2164343,
        "typical_volume": 4861112.95,
        "trend": 4971.709302,
        "fair_value": 2989.155188,
        "relative_strength": -0.229632,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -28.711061,
        "energy": 22.792821,
        "activity_lines": [
          4799.750911,
          4643.169296,
          4761.337062,
          4862.357331
        ]
      },
      {
        "date": "2024-03-22",
        "close": 4860.203125,
        "volume": 2458972,
        "typical_volume": 4872564.3,
        "trend": 4968.67203,
        "fair_value": 3011.639487,
        "relative_strength": -0.734939,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -23.385571,
        "energy": 19.214957,
        "activity_lines": [
          4831.740592,
          4707.88489,
          4758.308538,
          4855.163384
        ]
      },
      {
        "date": "2024-03-29",
        "close": 5013.73291,
        "volume": 1264128,
        "typical_volume": 4860313.85,
        "trend": 4963.945353,
        "fair_value": 3035.073347,
        "relative_strength": 0.809195,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -2.731335,
        "energy": 12.799818,
        "activity_lines": [
          4899.075391,
          4783.795037,
          4770.498887,
          4858.070538
        ]
      },
      {
        "date": "2024-04-05",
        "close": 5262.786621,
        "volume": 1526142,
        "typical_volume": 4848764.05,
        "trend": 4967.81578,
        "fair_value": 3060.088118,
        "relative_strength": 4.304104,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 28.285518,
        "energy": 26.653267,
        "activity_lines": [
          5032.059017,
          4893.427708,
          4806.742367,
          4877.35062
        ]
      },
      {
        "date": "2024-04-12",
        "close": 5248.680176,
        "volume": 1302648,
        "typical_volume": 4795122.55,
        "trend": 4972.288371,
        "fair_value": 3084.985964,
        "relative_strength": 3.44085,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 33.463525,
        "energy": 52.879148,
        "activity_lines": [
          5126.740723,
          4982.988219,
          4841.507797,
          4895.470903
        ]
      },
      {
        "date": "2024-04-19",
        "close": 5236.504883,
        "volume": 1667566,
        "typical_volume": 4441539.7,
        "trend": 4977.56936,
        "fair_value": 3109.292634,
        "relative_strength": 4.378011,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 31.970548,
        "energy": 60.774253,
        "activity_lines": [
          5190.218262,
          5053.801385,
          4875.00927,
          4912.51713
        ]
      },
      {
        "date": "2024-04-26",
        "close": 5537.032227,
        "volume": 2044939,
        "typical_volume": 4445540.15,
        "trend": 4985.838159,
        "fair_value": 3135.639547,
        "relative_strength": 8.359384,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 48.561817,
        "energy": 71.78404,
        "activity_lines": [
          5327.76849,
          5161.56946,
          4936.870786,
          4948.611508
        ]
      },
      {
        "date": "2024-05-03",
        "close": 5773.117676,
        "volume": 1423420,
        "typical_volume": 4394812.75,
        "trend": 5004.741528,
        "fair_value": 3163.510429,
        "relative_strength": 11.977746,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 61.828955,
        "energy": 80.62044,
        "activity_lines": [
          5498.891927,
          5295.638503,
          5020.523712,
          4999.403735
        ]
      },
      {
        "date": "2024-05-10",
        "close": 6093.343262,
        "volume": 4932036,
        "typical_volume": 4486237.5,
        "trend": 5032.205689,
        "fair_value": 3192.5995,
        "relative_strength": 19.499954,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 91.49739,
        "energy": 94.254572,
        "activity_lines": [
          5726.131576,
          5469.386364,
          5133.909988,
          5069.636105
        ]
      },
      {
        "date": "2024-05-17",
        "close": 6425.249512,
        "volume": 3616587,
        "typical_volume": 4586038.6,
        "trend": 5073.901001,
        "fair_value": 3223.645027,
        "relative_strength": 22.684624,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 94.146514,
        "energy": 97.277514,
        "activity_lines": [
          6008.636198,
          5679.216211,
          5275.152623,
          5159.5099
        ]
      },
      {
        "date": "2024-05-24",
        "close": 6616.494141,
        "volume": 2099313,
        "typical_volume": 4635929.15,
        "trend": 5130.239901,
        "fair_value": 3255.615648,
        "relative_strength": 22.553994,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 91.313698,
        "energy": 96.591138,
        "activity_lines": [
          6276.451075,
          5895.022257,
          5429.866575,
          5259.032038
        ]
      },
      {
        "date": "2024-05-31",
        "close": 6673.412109,
        "volume": 2646063,
        "typical_volume": 3195367.1,
        "trend": 5186.501278,
        "fair_value": 3287.735713,
        "relative_strength": 24.849364,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.345736,
        "energy": 94.232672,
        "activity_lines": [
          6471.239323,
          6088.967285,
          5583.954309,
          5358.591535
        ]
      },
      {
        "date": "2024-06-07",
        "close": 6777.151367,
        "volume": 3015023,
        "typical_volume": 2627537.3,
        "trend": 5242.945793,
        "fair_value": 3319.812802,
        "relative_strength": 21.64125,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.391343,
        "energy": 91.620382,
        "activity_lines": [
          6624.848665,
          6268.806561,
          5734.908608,
          5461.214122
        ]
      },
      {
        "date": "2024-06-14",
        "close": 7008.238281,
        "volume": 2157642,
        "typical_volume": 2512350.4,
        "trend": 5302.069556,
        "fair_value": 3352.664805,
        "relative_strength": 23.736737,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.756882,
        "energy": 85.004924,
        "activity_lines": [
          6788.5514,
          6458.599485,
          5896.446343,
          5575.10396
        ]
      },
      {
        "date": "2024-06-21",
        "close": 7019.770508,
        "volume": 1514641,
        "typical_volume": 2421607.5,
        "trend": 5361.836743,
        "fair_value": 3385.458242,
        "relative_strength": 22.610917,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.452318,
        "energy": 71.126815,
        "activity_lines": [
          6895.105208,
          6618.753693,
          6046.185452,
          5685.923376
        ]
      },
      {
        "date": "2024-06-28",
        "close": 6671.28418,
        "volume": 11211342,
        "typical_volume": 2880893.95,
        "trend": 5411.493986,
        "fair_value": 3415.817964,
        "relative_strength": 13.205552,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.276712,
        "energy": 65.988182,
        "activity_lines": [
          6845.862175,
          6683.345108,
          6149.97138,
          5770.403856
        ]
      },
      {
        "date": "2024-07-05",
        "close": 6566.950684,
        "volume": 2533461,
        "typical_volume": 2788643.6,
        "trend": 5450.675024,
        "fair_value": 3445.779788,
        "relative_strength": 9.226825,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.568108,
        "energy": 62.500843,
        "activity_lines": [
          6758.18864,
          6702.879901,
          6232.356343,
          5844.949449
        ]
      },
      {
        "date": "2024-07-12",
        "close": 6544.37793,
        "volume": 2962781,
        "typical_volume": 2764219.85,
        "trend": 5481.733976,
        "fair_value": 3475.597227,
        "relative_strength": 7.46506,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.01424,
        "energy": 48.657547,
        "activity_lines": [
          6670.088282,
          6699.584766,
          6303.333331,
          5915.510927
        ]
      },
      {
        "date": "2024-07-19",
        "close": 6314.51416,
        "volume": 3202220,
        "typical_volume": 2782490.25,
        "trend": 5515.382658,
        "fair_value": 3504.234793,
        "relative_strength": 3.34936,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 43.52198,
        "energy": 32.896663,
        "activity_lines": [
          6520.884896,
          6640.473304,
          6343.889097,
          5969.238681
        ]
      },
      {
        "date": "2024-07-26",
        "close": 6512.059082,
        "volume": 3003488,
        "typical_volume": 2837337.75,
        "trend": 5551.473511,
        "fair_value": 3534.380582,
        "relative_strength": 5.090711,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.372283,
        "energy": 26.437217,
        "activity_lines": [
          6483.778093,
          6613.257813,
          6395.850456,
          6033.540386
        ]
      },
      {
        "date": "2024-08-02",
        "close": 6713.929199,
        "volume": 2258587,
        "typical_volume": 2842049.95,
        "trend": 5597.050187,
        "fair_value": 3566.06702,
        "relative_strength": 8.547733,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 44.51504,
        "energy": 28.795107,
        "activity_lines": [
          6547.808756,
          6621.167623,
          6459.082468,
          6108.537527
        ]
      },
      {
        "date": "2024-08-09",
        "close": 6613.69043,
        "volume": 1405922,
        "typical_volume": 2789397.45,
        "trend": 5686.153011,
        "fair_value": 3596.553445,
        "relative_strength": 8.181044,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 41.173264,
        "energy": 28.047965,
        "activity_lines": [
          6575.583496,
          6609.080655,
          6503.868071,
          6174.12722
        ]
      },
      {
        "date": "2024-08-16",
        "close": 6637.208496,
        "volume": 1336665,
        "typical_volume": 2793024.3,
        "trend": 5761.462142,
        "fair_value": 3627.299048,
        "relative_strength": 7.586915,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 53.738309,
        "energy": 35.028809,
        "activity_lines": [
          6608.081608,
          6602.355549,
          6542.54355,
          6235.485638
        ]
      },
      {
        "date": "2024-08-23",
        "close": 6716.564453,
        "volume": 2536247,
        "typical_volume": 2843529.55,
        "trend": 5842.018213,
        "fair_value": 3658.480644,
        "relative_strength": 7.524736,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.72472,
        "energy": 37.454573,
        "activity_lines": [
          6660.843001,
          6612.603214,
          6581.045903,
          6297.105142
        ]
      },
      {
        "date": "2024-08-30",
        "close": 6775.484863,
        "volume": 1404882,
        "typical_volume": 2848641.25,
        "trend": 5923.223405,
        "fair_value": 3687.923227,
        "relative_strength": 6.667675,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.398918,
        "energy": 37.475998,
        "activity_lines": [
          6706.441178,
          6638.866841,
          6618.236972,
          6357.328797
        ]
      },
      {
        "date": "2024-09-06",
        "close": 6583.857422,
        "volume": 1441495,
        "typical_volume": 2837337.7,
        "trend": 6000.56027,
        "fair_value": 3715.1864,
        "relative_strength": 5.209158,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 53.07539,
        "energy": 33.806626,
        "activity_lines": [
          6670.601823,
          6634.730673,
          6629.90731,
          6399.950347
        ]
      },
      {
        "date": "2024-09-13",
        "close": 6715.271973,
        "volume": 1915899,
        "typical_volume": 2830885.7,
        "trend": 6070.311637,
        "fair_value": 3742.52927,
        "relative_strength": 5.082075,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.26957,
        "energy": 33.280787,
        "activity_lines": [
          6687.23877,
          6656.077637,
          6647.677355,
          6446.060779
        ]
      },
      {
        "date": "2024-09-20",
        "close": 6522.848633,
        "volume": 1425987,
        "typical_volume": 2831014.05,
        "trend": 6129.300033,
        "fair_value": 3769.240925,
        "relative_strength": 0.391401,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 29.155116,
        "energy": 18.662731,
        "activity_lines": [
          6632.9625,
          6639.741788,
          6641.510703,
          6475.256714
        ]
      },
      {
        "date": "2024-09-27",
        "close": 7015.541016,
        "volume": 2799974,
        "typical_volume": 2724410.95,
        "trend": 6204.525065,
        "fair_value": 3799.505061,
        "relative_strength": 6.384843,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.897926,
        "energy": 35.154692,
        "activity_lines": [
          6750.541016,
          6713.377814,
          6678.696987,
          6532.433552
        ]
      },
      {
        "date": "2024-10-04",
        "close": 7144.967285,
        "volume": 2878361,
        "typical_volume": 2687499.65,
        "trend": 6281.307503,
        "fair_value": 3829.451663,
        "relative_strength": 13.211445,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.852362,
        "energy": 44.361402,
        "activity_lines": [
          6891.32985,
          6797.799947,
          6723.818164,
          6593.107243
        ]
      },
      {
        "date": "2024-10-11",
        "close": 7405.409668,
        "volume": 1866356,
        "typical_volume": 2675851.8,
        "trend": 6366.655876,
        "fair_value": 3860.858762,
        "relative_strength": 17.307898,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.919843,
        "energy": 64.883589,
        "activity_lines": [
          7094.300651,
          6918.067818,
          6790.316151,
          6665.629964
        ]
      },
      {
        "date": "2024-10-18",
        "close": 7080.776367,
        "volume": 3705519,
        "typical_volume": 2728824.6,
        "trend": 6440.674984,
        "fair_value": 3892.091324,
        "relative_strength": 12.490637,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.812056,
        "energy": 61.474627,
        "activity_lines": [
          7134.290202,
          6966.73908,
          6822.139939,
          6711.702254
        ]
      },
      {
        "date": "2024-10-25",
        "close": 6419.477051,
        "volume": 2662254,
        "typical_volume": 2711186.15,
        "trend": 6487.533122,
        "fair_value": 3919.069436,
        "relative_strength": 4.769799,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 35.249654,
        "energy": 26.144332,
        "activity_lines": [
          6929.479688,
          6886.681632,
          6789.043011,
          6710.334645
        ]
      },
      {
        "date": "2024-11-01",
        "close": 6465.618652,
        "volume": 1089604,
        "typical_volume": 2657784.25,
        "trend": 6527.627523,
        "fair_value": 3945.866087,
        "relative_strength": 4.932487,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 18.382271,
        "energy": 9.037454,
        "activity_lines": [
          6746.941146,
          6818.972319,
          6762.043731,
          6708.920808
        ]
      },
      {
        "date": "2024-11-08",
        "close": 6688.37207,
        "volume": 1891768,
        "typical_volume": 2676640.6,
        "trend": 6575.617253,
        "fair_value": 3972.963197,
        "relative_strength": 9.123199,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 23.069458,
        "energy": 18.238045,
        "activity_lines": [
          6675.315234,
          6796.326278,
          6758.842966,
          6719.291424
        ]
      },
      {
        "date": "2024-11-15",
        "close": 6266.831055,
        "volume": 799524,
        "typical_volume": 2156049.7,
        "trend": 6609.961458,
        "fair_value": 3997.50477,
        "relative_strength": 4.911746,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -24.224094,
        "energy": 26.587608,
        "activity_lines": [
          6493.615332,
          6698.620286,
          6717.073526,
          6699.369734
        ]
      },
      {
        "date": "2024-11-22",
        "close": 6583.658203,
        "volume": 1043777,
        "typical_volume": 2081565.5,
        "trend": 6644.848991,
        "fair_value": 4025.577001,
        "relative_strength": 8.395869,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -13.663318,
        "energy": 19.550002,
        "activity_lines": [
          6493.42972,
          6664.283345,
          6707.404067,
          6697.67275
        ]
      },
      {
        "date": "2024-11-29",
        "close": 7257.288574,
        "volume": 2207204,
        "typical_volume": 2043786.65,
        "trend": 6694.321354,
        "fair_value": 4057.277056,
        "relative_strength": 17.975701,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 34.421912,
        "energy": 12.919314,
        "activity_lines": [
          6750.928776,
          6754.817631,
          6761.810321,
          6737.184981
        ]
      },
      {
        "date": "2024-12-06",
        "close": 7277.227051,
        "volume": 1119747,
        "typical_volume": 1939663.0,
        "trend": 6733.784147,
        "fair_value": 4088.435908,
        "relative_strength": 15.350342,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 56.316043,
        "energy": 33.499003,
        "activity_lines": [
          6959.219889,
          6835.623642,
          6814.720666,
          6774.7918
        ]
      },
      {
        "date": "2024-12-13",
        "close": 7480.290527,
        "volume": 1084875,
        "typical_volume": 1843732.35,
        "trend": 6768.952181,
        "fair_value": 4121.81019,
        "relative_strength": 17.777627,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 66.225043,
        "energy": 54.523422,
        "activity_lines": [
          7181.091601,
          6948.592356,
          6882.386042,
          6822.953502
        ]
      },
      {
        "date": "2024-12-20",
        "close": 7138.304199,
        "volume": 1098318,
        "typical_volume": 1785718.9,
        "trend": 6786.34585,
        "fair_value": 4152.908903,
        "relative_strength": 17.542192,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 54.33192,
        "energy": 54.789471,
        "activity_lines": [
          7236.173307,
          6993.284952,
          6912.870666,
          6846.782664
        ]
      },
      {
        "date": "2024-12-27",
        "close": 7109.46582,
        "volume": 670006,
        "typical_volume": 1748923.1,
        "trend": 6800.880973,
        "fair_value": 4183.024638,
        "relative_strength": 15.536435,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 54.481592,
        "energy": 57.945371,
        "activity_lines": [
          7223.54401,
          7037.590669,
          6938.587944,
          6867.629114
        ]
      },
      {
        "date": "2025-01-03",
        "close": 7167.888672,
        "volume": 1029639,
        "typical_volume": 1733571.8,
        "trend": 6813.90555,
        "fair_value": 4213.447195,
        "relative_strength": 15.108971,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 52.85531,
        "energy": 46.605975,
        "activity_lines": [
          7195.335156,
          7091.997097,
          6967.508468,
          6891.30703
        ]
      },
      {
        "date": "2025-01-10",
        "close": 6502.562012,
        "volume": 1155441,
        "typical_volume": 1664531.5,
        "trend": 6797.049675,
        "fair_value": 4238.24739,
        "relative_strength": 6.211294,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 14.261959,
        "energy": 8.67631,
        "activity_lines": [
          6951.310742,
          7011.827557,
          6930.5375,
          6871.22035
        ]
      },
      {
        "date": "2025-01-17",
        "close": 6741.972656,
        "volume": 1747130,
        "typical_volume": 1681643.9,
        "trend": 6787.789746,
        "fair_value": 4265.729455,
        "relative_strength": 10.488924,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 18.054159,
        "energy": 15.329045,
        "activity_lines": [
          6838.734212,
          6974.515527,
          6917.386605,
          6867.666994
        ]
      },
      {
        "date": "2025-01-24",
        "close": 5882.879395,
        "volume": 4743193,
        "typical_volume": 1846728.8,
        "trend": 6761.509587,
        "fair_value": 4287.684456,
        "relative_strength": -3.503342,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -41.978784,
        "energy": 37.253297,
        "activity_lines": [
          6489.014453,
          6780.030167,
          6822.576886,
          6809.285681
        ]
      },
      {
        "date": "2025-01-31",
        "close": 6004.350098,
        "volume": 3062964,
        "typical_volume": 1904082.05,
        "trend": 6742.756234,
        "fair_value": 4310.523718,
        "relative_strength": -3.653537,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -45.701871,
        "energy": 58.524244,
        "activity_lines": [
          6263.479916,
          6614.611328,
          6742.673796,
          6760.436682
        ]
      },
      {
        "date": "2025-02-07",
        "close": 5837.036621,
        "volume": 1830701,
        "typical_volume": 1924317.75,
        "trend": 6719.17819,
        "fair_value": 4333.107998,
        "relative_strength": -6.89448,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -75.102251,
        "energy": 79.017632,
        "activity_lines": [
          6055.8486,
          6429.304732,
          6650.221431,
          6702.003159
        ]
      },
      {
        "date": "2025-02-14",
        "close": 5386.109375,
        "volume": 2344618,
        "typical_volume": 1901549.95,
        "trend": 6688.231364,
        "fair_value": 4352.717426,
        "relative_strength": -11.884246,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -85.663281,
        "energy": 88.288529,
        "activity_lines": [
          5786.631673,
          6187.834126,
          6518.089386,
          6615.998719
        ]
      },
      {
        "date": "2025-02-21",
        "close": 5807.601074,
        "volume": 1846676,
        "typical_volume": 1849965.7,
        "trend": 6664.74943,
        "fair_value": 4375.328604,
        "relative_strength": -4.713242,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.902088,
        "energy": 78.876548,
        "activity_lines": [
          5732.342155,
          6057.382333,
          6433.858605,
          6559.183862
        ]
      },
      {
        "date": "2025-02-28",
        "close": 4687.170898,
        "volume": 11685332,
        "typical_volume": 2340914.5,
        "trend": 6597.19082,
        "fair_value": 4391.240729,
        "relative_strength": -20.756677,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -89.982777,
        "energy": 90.863448,
        "activity_lines": [
          5366.86735,
          5753.628498,
          6249.2886,
          6431.59815
        ]
      },
      {
        "date": "2025-03-07",
        "close": 5035.272949,
        "volume": 7595128,
        "typical_volume": 2535394.95,
        "trend": 6544.576904,
        "fair_value": 4408.823061,
        "relative_strength": -16.534535,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.63641,
        "energy": 83.52064,
        "activity_lines": [
          5197.140462,
          5557.732005,
          6110.815165,
          6330.829255
        ]
      },
      {
        "date": "2025-03-14",
        "close": 4975.258789,
        "volume": 1502191,
        "typical_volume": 2477391.8,
        "trend": 6489.178581,
        "fair_value": 4425.437533,
        "relative_strength": -16.9703,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.657487,
        "energy": 75.889293,
        "activity_lines": [
          5072.013997,
          5388.636443,
          5976.366588,
          6229.582925
        ]
      },
      {
        "date": "2025-03-21",
        "close": 4964.518555,
        "volume": 6692445,
        "typical_volume": 2757533.85,
        "trend": 6430.777051,
        "fair_value": 4441.926442,
        "relative_strength": -20.489671,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.103996,
        "energy": 74.011908,
        "activity_lines": [
          5000.75931,
          5257.45411,
          5847.772361,
          6131.217762
        ]
      },
      {
        "date": "2025-03-28",
        "close": 5119.302734,
        "volume": 3802958,
        "typical_volume": 2853093.35,
        "trend": 6375.57098,
        "fair_value": 4459.478686,
        "relative_strength": -18.55926,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.498047,
        "energy": 56.686559,
        "activity_lines": [
          5009.205404,
          5182.378782,
          5741.06758,
          6046.606516
        ]
      },
      {
        "date": "2025-04-04",
        "close": 5012.699219,
        "volume": 1684971,
        "typical_volume": 2897365.7,
        "trend": 6323.19904,
        "fair_value": 4474.757617,
        "relative_strength": -18.026388,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.974329,
        "energy": 52.684533,
        "activity_lines": [
          5028.003548,
          5117.424086,
          5631.681843,
          5958.679305
        ]
      },
      {
        "date": "2025-04-11",
        "close": 5064.907227,
        "volume": 1314216,
        "typical_volume": 2910887.65,
        "trend": 6268.186882,
        "fair_value": 4490.818683,
        "relative_strength": -16.830108,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.400498,
        "energy": 47.582862,
        "activity_lines": [
          5042.502474,
          5077.783212,
          5533.240353,
          5877.499188
        ]
      },
      {
        "date": "2025-04-18",
        "close": 5263.54541,
        "volume": 944116,
        "typical_volume": 2847733.25,
        "trend": 6226.210107,
        "fair_value": 4508.765681,
        "relative_strength": -17.181614,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.735165,
        "energy": 38.444341,
        "activity_lines": [
          5121.238509,
          5091.339151,
          5460.948933,
          5812.683609
        ]
      },
      {
        "date": "2025-04-25",
        "close": 5476.354492,
        "volume": 2166675,
        "typical_volume": 2900079.65,
        "trend": 6174.90389,
        "fair_value": 4528.289607,
        "relative_strength": -14.387604,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -43.206695,
        "energy": 31.81117,
        "activity_lines": [
          5251.691797,
          5154.014764,
          5418.419059,
          5764.305828
        ]
      },
      {
        "date": "2025-05-02",
        "close": 5429.616211,
        "volume": 955162,
        "typical_volume": 2893594.0,
        "trend": 6117.725521,
        "fair_value": 4547.938211,
        "relative_strength": -15.984292,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -38.096291,
        "energy": 24.445174,
        "activity_lines": [
          5332.443262,
          5206.551687,
          5380.013504,
          5716.222752
        ]
      },
      {
        "date": "2025-05-09",
        "close": 5734.410645,
        "volume": 4873592,
        "typical_volume": 3082357.7,
        "trend": 6062.025553,
        "fair_value": 4568.774474,
        "relative_strength": -9.771587,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -26.838684,
        "energy": 21.540045,
        "activity_lines": [
          5494.105306,
          5321.378232,
          5380.401107,
          5691.49276
        ]
      },
      {
        "date": "2025-05-16",
        "close": 6060.585449,
        "volume": 1285509,
        "typical_volume": 3113132.85,
        "trend": 6028.019189,
        "fair_value": 4591.602267,
        "relative_strength": -8.203899,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 7.906014,
        "energy": 20.356642,
        "activity_lines": [
          5716.37819,
          5476.468564,
          5418.538184,
          5691.39985
        ]
      },
      {
        "date": "2025-05-23",
        "close": 5850.759277,
        "volume": 1195466,
        "typical_volume": 3121424.2,
        "trend": 6009.06193,
        "fair_value": 4614.070834,
        "relative_strength": -10.443199,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 0.082765,
        "energy": 20.759699,
        "activity_lines": [
          5802.330469,
          5574.766637,
          5441.686484,
          5679.963726
        ]
      },
      {
        "date": "2025-05-30",
        "close": 5957.661133,
        "volume": 1128217,
        "typical_volume": 3120063.0,
        "trend": 5992.130013,
        "fair_value": 4636.882484,
        "relative_strength": -8.056169,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 9.116201,
        "energy": 31.181562,
        "activity_lines": [
          5884.769108,
          5676.583221,
          5481.287958,
          5676.647546
        ]
      },
      {
        "date": "2025-06-06",
        "close": 6074.507324,
        "volume": 997044,
        "typical_volume": 3082558.7,
        "trend": 5971.667855,
        "fair_value": 4661.204599,
        "relative_strength": -6.870449,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 33.036339,
        "energy": 56.974289,
        "activity_lines": [
          5974.069368,
          5781.587429,
          5534.612407,
          5681.962211
        ]
      },
      {
        "date": "2025-06-13",
        "close": 5996.941406,
        "volume": 1032868,
        "typical_volume": 2897042.45,
        "trend": 5962.671533,
        "fair_value": 4686.264741,
        "relative_strength": -6.615759,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 26.132304,
        "energy": 49.761963,
        "activity_lines": [
          5994.521582,
          5855.121387,
          5583.728032,
          5683.592763
        ]
      },
      {
        "date": "2025-06-20",
        "close": 5967.108398,
        "volume": 2293131,
        "typical_volume": 2858550.8,
        "trend": 5942.119873,
        "fair_value": 4710.500668,
        "relative_strength": -8.122007,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 24.145643,
        "energy": 39.341455,
        "activity_lines": [
          5987.527409,
          5905.335849,
          5629.459266,
          5683.879012
        ]
      },
      {
        "date": "2025-06-27",
        "close": 6486.0,
        "volume": 2736317,
        "typical_volume": 2903831.6,
        "trend": 5916.410254,
        "fair_value": 4738.342337,
        "relative_strength": -1.997853,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 53.059813,
        "energy": 47.070205,
        "activity_lines": [
          6159.728906,
          6033.49058,
          5724.786089,
          5718.968053
        ]
      },
      {
        "date": "2025-07-04",
        "close": 6717.5,
        "volume": 1711723,
        "typical_volume": 2872186.85,
        "trend": 5897.752686,
        "fair_value": 4767.496674,
        "relative_strength": 2.251689,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 55.976194,
        "energy": 62.117949,
        "activity_lines": [
          6366.747689,
          6181.509774,
          5839.070229,
          5770.651262
        ]
      },
      {
        "date": "2025-07-11",
        "close": 6705.5,
        "volume": 1207929,
        "typical_volume": 2840249.5,
        "trend": 5871.926335,
        "fair_value": 4796.873792,
        "relative_strength": 3.335448,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 51.202777,
        "energy": 75.1843,
        "activity_lines": [
          6519.110547,
          6304.780868,
          5945.871556,
          5822.763992
        ]
      },
      {
        "date": "2025-07-18",
        "close": 6926.0,
        "volume": 3621806,
        "typical_volume": 2437073.2,
        "trend": 5864.849528,
        "fair_value": 4827.321449,
        "relative_strength": 7.349262,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 80.904512,
        "energy": 90.523179,
        "activity_lines": [
          6702.907227,
          6444.944984,
          6069.397175,
          5890.768745
        ]
      },
      {
        "date": "2025-07-25",
        "close": 6734.5,
        "volume": 1345120,
        "typical_volume": 2124572.8,
        "trend": 5852.350667,
        "fair_value": 4855.86926,
        "relative_strength": 4.863627,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.643844,
        "energy": 84.435251,
        "activity_lines": [
          6760.933333,
          6528.625657,
          6164.023607,
          5946.875227
        ]
      },
      {
        "date": "2025-08-01",
        "close": 6698.0,
        "volume": 1654801,
        "typical_volume": 2132203.3,
        "trend": 5836.687712,
        "fair_value": 4883.910522,
        "relative_strength": 5.440482,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.624208,
        "energy": 76.657489,
        "activity_lines": [
          6755.633333,
          6593.416974,
          6247.082292,
          6001.433248
        ]
      },
      {
        "date": "2025-08-08",
        "close": 6741.0,
        "volume": 1362895,
        "typical_volume": 1865725.8,
        "trend": 5844.635645,
        "fair_value": 4911.91952,
        "relative_strength": 6.955505,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.720044,
        "energy": 60.640454,
        "activity_lines": [
          6750.533333,
          6650.622097,
          6326.032685,
          6059.775977
        ]
      },
      {
        "date": "2025-08-15",
        "close": 6970.0,
        "volume": 1062295,
        "typical_volume": 1728692.65,
        "trend": 5852.236556,
        "fair_value": 4941.330532,
        "relative_strength": 9.283935,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.768559,
        "energy": 60.02854,
        "activity_lines": [
          6820.2,
          6735.221058,
          6418.333166,
          6132.380128
        ]
      },
      {
        "date": "2025-08-22",
        "close": 7100.5,
        "volume": 1175426,
        "typical_volume": 1703215.4,
        "trend": 5892.823909,
        "fair_value": 4971.650957,
        "relative_strength": 10.138995,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.50007,
        "energy": 62.502352,
        "activity_lines": [
          6915.733333,
          6827.265607,
          6514.249374,
          6212.913254
        ]
      },
      {
        "date": "2025-08-29",
        "close": 7091.0,
        "volume": 838782,
        "typical_volume": 1679443.7,
        "trend": 5929.045573,
        "fair_value": 5001.499734,
        "relative_strength": 11.806646,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.34674,
        "energy": 63.67401,
        "activity_lines": [
          6996.466667,
          6897.518182,
          6599.318913,
          6290.214937
        ]
      },
      {
        "date": "2025-09-05",
        "close": 7228.0,
        "volume": 887773,
        "typical_volume": 1676626.55,
        "trend": 5975.411019,
        "fair_value": 5031.878114,
        "relative_strength": 12.293239,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.62462,
        "energy": 71.144075,
        "activity_lines": [
          7099.1,
          6972.245455,
          6687.788009,
          6374.018449
        ]
      },
      {
        "date": "2025-09-12",
        "close": 7254.5,
        "volume": 925106,
        "typical_volume": 1614548.1,
        "trend": 6037.690706,
        "fair_value": 5061.980912,
        "relative_strength": 10.834159,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.256449,
        "energy": 76.516779,
        "activity_lines": [
          7175.233333,
          7038.3,
          6769.426369,
          6456.540318
        ]
      },
      {
        "date": "2025-09-19",
        "close": 7549.0,
        "volume": 1195190,
        "typical_volume": 1626549.5,
        "trend": 6095.737337,
        "fair_value": 5094.088257,
        "relative_strength": 13.983622,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 83.886157,
        "energy": 83.270329,
        "activity_lines": [
          7315.3,
          7148.136364,
          6870.644989,
          6554.044144
        ]
      },
      {
        "date": "2025-09-26",
        "close": 7322.5,
        "volume": 1795030,
        "typical_volume": 1472621.4,
        "trend": 6183.581641,
        "fair_value": 5124.870184,
        "relative_strength": 13.336945,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.606967,
        "energy": 74.84072,
        "activity_lines": [
          7341.266667,
          7201.454545,
          6940.199877,
          6633.190122
        ]
      },
      {
        "date": "2025-10-03",
        "close": 7393.0,
        "volume": 685347,
        "typical_volume": 1442613.3,
        "trend": 6262.172542,
        "fair_value": 5155.825469,
        "relative_strength": 13.232759,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.857048,
        "energy": 71.387674,
        "activity_lines": [
          7375.933333,
          7260.381818,
          7008.90672,
          6711.217113
        ]
      },
      {
        "date": "2025-10-10",
        "close": 7730.0,
        "volume": 807857,
        "typical_volume": 1423232.85,
        "trend": 6353.997249,
        "fair_value": 5189.158374,
        "relative_strength": 16.485596,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.703109,
        "energy": 72.259147,
        "activity_lines": [
          7502.8,
          7368.609091,
          7103.363969,
          6805.915659
        ]
      },
      {
        "date": "2025-10-17",
        "close": 7439.5,
        "volume": 1708250,
        "typical_volume": 1452234.5,
        "trend": 6436.496631,
        "fair_value": 5219.823684,
        "relative_strength": 10.220835,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.730957,
        "energy": 58.805324,
        "activity_lines": [
          7499.366667,
          7405.254545,
          7161.205787,
          6875.948094
        ]
      },
      {
        "date": "2025-10-24",
        "close": 7513.0,
        "volume": 1044052,
        "typical_volume": 1454584.9,
        "trend": 6516.28654,
        "fair_value": 5250.615015,
        "relative_strength": 10.732604,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.756471,
        "energy": 57.219959,
        "activity_lines": [
          7508.1,
          7442.563636,
          7218.99123,
          6945.399924
        ]
      },
      {
        "date": "2025-10-31",
        "close": 7704.0,
        "volume": 1920567,
        "typical_volume": 1498969.85,
        "trend": 6605.996566,
        "fair_value": 5282.780242,
        "relative_strength": 13.592121,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.270855,
        "energy": 59.839597,
        "activity_lines": [
          7582.9,
          7504.727273,
          7288.117183,
          7022.026599
        ]
      },
      {
        "date": "2025-11-07",
        "close": 7542.0,
        "volume": 732267,
        "typical_volume": 1420926.65,
        "trend": 6688.566325,
        "fair_value": 5314.053074,
        "relative_strength": 12.051625,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.922489,
        "energy": 50.008215,
        "activity_lines": [
          7578.266667,
          7526.463636,
          7333.685714,
          7082.413918
        ]
      },
      {
        "date": "2025-11-14",
        "close": 7632.0,
        "volume": 658764,
        "typical_volume": 1317049.0,
        "trend": 6767.514811,
        "fair_value": 5347.028766,
        "relative_strength": 11.331471,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.454597,
        "energy": 49.784348,
        "activity_lines": [
          7593.7,
          7556.363636,
          7380.32619,
          7143.280606
        ]
      },
      {
        "date": "2025-11-21",
        "close": 7521.0,
        "volume": 931410,
        "typical_volume": 1278033.35,
        "trend": 6835.669661,
        "fair_value": 5379.150325,
        "relative_strength": 8.942907,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.56708,
        "energy": 44.259457,
        "activity_lines": [
          7578.666667,
          7558.736364,
          7410.938095,
          7191.892554
        ]
      },
      {
        "date": "2025-11-28",
        "close": 7470.0,
        "volume": 962618,
        "typical_volume": 1265767.8,
        "trend": 6903.682454,
        "fair_value": 5410.161316,
        "relative_strength": 7.770083,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 44.704547,
        "energy": 32.59792,
        "activity_lines": [
          7541.2,
          7546.990909,
          7432.866667,
          7232.817092
        ]
      },
      {
        "date": "2025-12-05",
        "close": 7257.0,
        "volume": 1035902,
        "typical_volume": 1136472.6,
        "trend": 6954.435433,
        "fair_value": 5439.431503,
        "relative_strength": 4.898539,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 37.177473,
        "energy": 21.93032,
        "activity_lines": [
          7435.6,
          7497.954545,
          7430.869048,
          7255.611772
        ]
      },
      {
        "date": "2025-12-12",
        "close": 7276.5,
        "volume": 1021174,
        "typical_volume": 1120275.3,
        "trend": 6994.965918,
        "fair_value": 5468.69987,
        "relative_strength": 5.918354,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 29.780538,
        "energy": 18.443795,
        "activity_lines": [
          7366.3,
          7453.654545,
          7429.152381,
          7276.390131
        ]
      },
      {
        "date": "2025-12-19",
        "close": 7439.0,
        "volume": 2993104,
        "typical_volume": 1187190.45,
        "trend": 7047.907275,
        "fair_value": 5500.524195,
        "relative_strength": 8.747657,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 28.076954,
        "energy": 17.583306,
        "activity_lines": [
          7368.866667,
          7441.018182,
          7440.330952,
          7305.037492
        ]
      },
      {
        "date": "2025-12-26",
        "close": 7556.5,
        "volume": 877354,
        "typical_volume": 1162913.4,
        "trend": 7101.201904,
        "fair_value": 5532.753437,
        "relative_strength": 10.21086,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 27.993897,
        "energy": 15.014616,
        "activity_lines": [
          7423.466667,
          7455.036364,
          7459.171429,
          7337.849925
        ]
      },
      {
        "date": "2026-01-02",
        "close": 7798.0,
        "volume": 1143398,
        "typical_volume": 1166968.55,
        "trend": 7158.65166,
        "fair_value": 5566.207391,
        "relative_strength": 12.516493,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 63.039211,
        "energy": 33.99401,
        "activity_lines": [
          7556.2,
          7510.836364,
          7497.128571,
          7382.804641
        ]
      },
      {
        "date": "2026-01-09",
        "close": 7685.0,
        "volume": 2501592,
        "typical_volume": 1233276.85,
        "trend": 7214.92028,
        "fair_value": 5598.663469,
        "relative_strength": 13.491867,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 56.04376,
        "energy": 42.71426,
        "activity_lines": [
          7629.4,
          7540.909091,
          7520.380952,
          7416.762599
        ]
      },
      {
        "date": "2026-01-16",
        "close": 7121.5,
        "volume": 3177331,
        "typical_volume": 1350204.3,
        "trend": 7253.4,
        "fair_value": 5626.892187,
        "relative_strength": 5.227741,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 16.416504,
        "energy": 14.200711,
        "activity_lines": [
          7486.233333,
          7468.872727,
          7487.183333,
          7410.735484
        ]
      },
      {
        "date": "2026-01-23",
        "close": 6722.0,
        "volume": 3335128,
        "typical_volume": 1472572.05,
        "trend": 7261.266667,
        "fair_value": 5652.458423,
        "relative_strength": 1.783997,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -30.970666,
        "energy": 27.786722,
        "activity_lines": [
          7220.233333,
          7331.845455,
          7415.792857,
          7376.451613
        ]
      },
      {
        "date": "2026-01-30",
        "close": 7013.5,
        "volume": 1566131,
        "typical_volume": 1504623.3,
        "trend": 7271.133333,
        "fair_value": 5678.808954,
        "relative_strength": 4.892006,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -20.663755,
        "energy": 37.349005,
        "activity_lines": [
          7099.2,
          7264.363636,
          7374.57381,
          7360.466667
        ]
      },
      {
        "date": "2026-02-06",
        "close": 7623.5,
        "volume": 1901577,
        "typical_volume": 1539942.65,
        "trend": 7301.733333,
        "fair_value": 5708.843543,
        "relative_strength": 11.960458,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 1.334928,
        "energy": 17.282811,
        "activity_lines": [
          7217.7,
          7317.018182,
          7392.597619,
          7383.2
        ]
      },
      {
        "date": "2026-02-13",
        "close": 7587.5,
        "volume": 818907,
        "typical_volume": 1491136.5,
        "trend": 7323.783333,
        "fair_value": 5738.459338,
        "relative_strength": 11.894165,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 22.752114,
        "energy": 15.745536,
        "activity_lines": [
          7335.833333,
          7360.336364,
          7406.838095,
          7401.636559
        ]
      },
      {
        "date": "2026-02-20",
        "close": 7869.0,
        "volume": 1018224,
        "typical_volume": 1507780.35,
        "trend": 7361.6,
        "fair_value": 5769.51335,
        "relative_strength": 15.150451,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 59.044766,
        "energy": 32.328329,
        "activity_lines": [
          7554.3,
          7448.827273,
          7446.62619,
          7436.811828
        ]
      },
      {
        "date": "2026-02-27",
        "close": 8610.5,
        "volume": 3630302,
        "typical_volume": 1648902.6,
        "trend": 7425.35,
        "fair_value": 5805.343598,
        "relative_strength": 26.77869,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 80.702356,
        "energy": 64.275915,
        "activity_lines": [
          7970.1,
          7661.363636,
          7554.766667,
          7517.386022
        ]
      },
      {
        "date": "2026-03-06",
        "close": 8552.0,
        "volume": 1931933,
        "typical_volume": 1660086.75,
        "trend": 7485.716667,
        "fair_value": 5841.570187,
        "relative_strength": 28.508555,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.262326,
        "energy": 79.516418,
        "activity_lines": [
          8240.5,
          7841.963636,
          7653.142857,
          7590.073118
        ]
      },
      {
        "date": "2026-03-13",
        "close": 7193.5,
        "volume": 3778901,
        "typical_volume": 1796829.2,
        "trend": 7493.166667,
        "fair_value": 5869.483106,
        "relative_strength": 13.451465,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 41.671401,
        "energy": 52.587207,
        "activity_lines": [
          7955.5,
          7757.463636,
          7616.840476,
          7571.22043
        ]
      },
      {
        "date": "2026-03-20",
        "close": 7171.0,
        "volume": 2589600,
        "typical_volume": 1830280.85,
        "trend": 7495.516667,
        "fair_value": 5897.666961,
        "relative_strength": 12.504455,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 31.353185,
        "energy": 21.241249,
        "activity_lines": [
          7691.666667,
          7679.863636,
          7579.916667,
          7550.435484
        ]
      },
      {
        "date": "2026-03-27",
        "close": 7067.0,
        "volume": 2627378,
        "typical_volume": 1925036.4,
        "trend": 7494.716667,
        "fair_value": 5924.796429,
        "relative_strength": 11.589486,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -9.220984,
        "energy": 13.800593,
        "activity_lines": [
          7420.933333,
          7592.7,
          7535.62619,
          7522.789247
        ]
      },
      {
        "date": "2026-04-03",
        "close": 6878.0,
        "volume": 1361661,
        "typical_volume": 1960181.25,
        "trend": 7483.05,
        "fair_value": 5950.467024,
        "relative_strength": 8.483171,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -62.671529,
        "energy": 44.960867,
        "activity_lines": [
          7140.666667,
          7472.163636,
          7475.597619,
          7483.001075
        ]
      },
      {
        "date": "2026-04-10",
        "close": 7728.0,
        "volume": 2312687,
        "typical_volume": 2029245.1,
        "trend": 7498.833333,
        "fair_value": 5980.545261,
        "relative_strength": 14.327915,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -3.570803,
        "energy": 16.995865,
        "activity_lines": [
          7259.233333,
          7503.336364,
          7500.111905,
          7498.804301
        ]
      },
      {
        "date": "2026-04-17",
        "close": 8143.858887,
        "volume": 1943528,
        "typical_volume": 2078290.6,
        "trend": 7518.661963,
        "fair_value": 6013.11638,
        "relative_strength": 18.062698,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 41.815528,
        "energy": 18.104292,
        "activity_lines": [
          7571.352962,
          7597.128889,
          7563.246084,
          7540.418853
        ]
      },
      {
        "date": "2026-04-24",
        "close": 7995.064941,
        "volume": 2414912,
        "typical_volume": 2147241.1,
        "trend": 7541.080794,
        "fair_value": 6044.142484,
        "relative_strength": 17.265428,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 51.107166,
        "energy": 28.208646,
        "activity_lines": [
          7770.51735,
          7654.406898,
          7609.00056,
          7571.154529
        ]
      },
      {
        "date": "2026-05-01",
        "close": 8072.19873,
        "volume": 1333922,
        "typical_volume": 2162878.5,
        "trend": 7563.720752,
        "fair_value": 6074.972774,
        "relative_strength": 17.011221,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 56.200264,
        "energy": 38.93256,
        "activity_lines": [
          7940.455338,
          7718.298961,
          7658.586516,
          7605.420202
        ]
      },
      {
        "date": "2026-05-08",
        "close": 9040.106445,
        "volume": 4432430,
        "typical_volume": 2234844.8,
        "trend": 7607.390967,
        "fair_value": 6111.539432,
        "relative_strength": 28.908754,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 80.893553,
        "energy": 74.31968,
        "activity_lines": [
          8366.015983,
          7954.479723,
          7796.565118,
          7700.670892
        ]
      },
      {
        "date": "2026-05-15",
        "close": 9109.27832,
        "volume": 1865607,
        "typical_volume": 2284257.45,
        "trend": 7663.050244,
        "fair_value": 6148.221088,
        "relative_strength": 31.573684,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.073187,
        "energy": 79.831324,
        "activity_lines": [
          8670.493489,
          8195.426163,
          7933.507201,
          7797.56685
        ]
      },
      {
        "date": "2026-05-22",
        "close": 9219.753906,
        "volume": 1361501,
        "typical_volume": 2295162.6,
        "trend": 7719.942041,
        "fair_value": 6185.815034,
        "relative_strength": 31.42078,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.586198,
        "energy": 82.558436,
        "activity_lines": [
          8919.71097,
          8446.32674,
          8073.576586,
          7897.999345
        ]
      },
      {
        "date": "2026-05-29",
        "close": 9432.743164,
        "volume": 1391679,
        "typical_volume": 2239666.95,
        "trend": 7777.566813,
        "fair_value": 6223.871399,
        "relative_strength": 34.042979,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.281407,
        "energy": 87.024072,
        "activity_lines": [
          9168.198535,
          8699.111656,
          8227.160405,
          8008.502643
        ]
      },
      {
        "date": "2026-06-05",
        "close": 9653.197266,
        "volume": 256030,
        "typical_volume": 2093601.9,
        "trend": 7847.940055,
        "fair_value": 6263.367746,
        "relative_strength": 36.741226,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.366449,
        "energy": 88.212928,
        "activity_lines": [
          9394.325586,
          8950.856534,
          8393.417266,
          8129.511059
        ]
      },
      {
        "date": "2026-06-12",
        "close": 9508.881836,
        "volume": 162406,
        "typical_volume": 1934965.8,
        "trend": 7910.502783,
        "fair_value": 6301.767375,
        "relative_strength": 31.89349,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.736701,
        "energy": 87.32707,
        "activity_lines": [
          9466.947591,
          9129.340474,
          8533.8741,
          8236.668593
        ]
      },
      {
        "date": "2026-06-19",
        "close": 10083.0,
        "volume": 470348,
        "typical_volume": 1880176.65,
        "trend": 7995.902783,
        "fair_value": 6344.652273,
        "relative_strength": 36.02191,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.440817,
        "energy": 91.658733,
        "activity_lines": [
          9699.690625,
          9364.37532,
          8715.737988,
          8376.829704
        ]
      },
      {
        "date": "2026-06-26",
        "close": 9531.0,
        "volume": 0,
        "typical_volume": 1785097.8,
        "trend": 8064.602783,
        "fair_value": 6383.215057,
        "relative_strength": 27.211063,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.725731,
        "energy": 77.300092,
        "activity_lines": [
          9683.51888,
          9456.228347,
          8830.413781,
          8475.868234
        ]
      },
      {
        "date": "2026-07-03",
        "close": 9548.5,
        "volume": 229401,
        "typical_volume": 1755622.5,
        "trend": 8140.986117,
        "fair_value": 6422.162554,
        "relative_strength": 25.313843,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.407928,
        "energy": 61.255625,
        "activity_lines": [
          9652.430729,
          9526.042445,
          8937.672907,
          8571.603539
        ]
      },
      {
        "date": "2026-07-10",
        "close": 9210.5,
        "volume": 1524990,
        "typical_volume": 1780960.8,
        "trend": 8205.452783,
        "fair_value": 6456.620025,
        "relative_strength": 20.35778,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.252092,
        "energy": 50.614575,
        "activity_lines": [
          9500.958789,
          9506.157724,
          9003.403462,
          8640.604434
        ]
      },
      {
        "date": "2026-07-17",
        "close": 8862.0,
        "volume": 2791770,
        "typical_volume": 1739034.2,
        "trend": 8252.886116,
        "fair_value": 6484.322762,
        "relative_strength": 14.592518,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 43.233659,
        "energy": 31.555762,
        "activity_lines": [
          9262.833333,
          9402.212979,
          9029.555445,
          8682.962319
        ]
      },
      {
        "date": "2026-07-24",
        "close": 8907.5,
        "volume": 1642369,
        "typical_volume": 1724556.0,
        "trend": 8297.91945,
        "fair_value": 6511.308567,
        "relative_strength": 17.193027,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.696646,
        "energy": 27.209653,
        "activity_lines": [
          9083.0,
          9309.779261,
          9058.843143,
          8725.195473
        ]
      },
      {
        "date": "2026-07-31",
        "close": 9099.0,
        "volume": 1439503,
        "typical_volume": 1607586.1,
        "trend": 8341.286116,
        "fair_value": 6540.352231,
        "relative_strength": 15.986537,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.446173,
        "energy": 27.04258,
        "activity_lines": [
          9045.366667,
          9255.832422,
          9104.676079,
          8776.878089
        ]
      },
      {
        "date": "2026-08-07",
        "close": 9218.0,
        "volume": 1100242,
        "typical_volume": 1533118.2,
        "trend": 8392.386116,
        "fair_value": 6569.876025,
        "relative_strength": 15.926548,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.207739,
        "energy": 25.017231,
        "activity_lines": [
          9076.2,
          9225.717472,
          9152.768538,
          8833.440275
        ]
      }
    ],
    "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."
    }
  }
}