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    "country": "CA",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "fair_value": 25.508124,
        "relative_strength": 7.525303,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.076592,
        "energy": 58.973985,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
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        "typical_volume": 19330.0,
        "trend": 27.70942,
        "fair_value": 25.568147,
        "relative_strength": 3.148928,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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    "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."
    }
  }
}