{
  "ticker": {
    "uuid": "e712a56a-b6a1-49c3-ac90-c642156e8d2c",
    "symbol": "VNET",
    "name": "VNET Group Inc DRC",
    "exchange": "NASDAQ",
    "country": "US",
    "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": "QQQ",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -58.651,
    "architecture_energy": 48.167,
    "architecture_maturity": 28.727,
    "architecture_confidence": 85.92,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 14.9,
        "rotation_up": 14.81,
        "upward_expansion": 7.99,
        "deceleration": 44.07,
        "rotation_down": 63.18,
        "downward_expansion": 83.66
      },
      "activity_lines": [
        7.316667,
        7.606,
        8.205714,
        8.611344
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 7.33,
    "trend_reference": 9.267833,
    "distance_from_trend": -0.209092,
    "trend_direction": "Weakening",
    "fair_value": 5.849103,
    "distance_from_fair_value": 0.253184,
    "fair_value_direction": "Weakening",
    "relative_strength": -30.810921,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.345536,
    "excess_performance": -0.532989,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.209092,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.040481,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.253184,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.398012,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.308109,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.148331,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.345536,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.412274,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 15169058,
      "relative_activity": 0.495031,
      "balance": 1.412274,
      "dry_up": 0.595703,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.204061,
      "annualized_volatility": 0.658464,
      "from_high_reference": -0.493785,
      "from_low_reference": 0.188006
    },
    "levels": {
      "trend_reference": 9.267833,
      "fair_value_reference": 5.849103,
      "structural_low": 6.17,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 30,
        "median_return": -0.057886,
        "positive_rate": 0.366667,
        "directional_follow_through": 0.633333,
        "median_excess_return": -0.046393,
        "regime_survival": 0.866667,
        "best_return": 0.644161,
        "worst_return": -0.294005,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.06132,
        "positive_rate": 0.4,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.084561,
        "regime_survival": 0.6,
        "best_return": 0.757299,
        "worst_return": -0.495963,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.047936,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.165008,
        "regime_survival": 0.333333,
        "best_return": 0.596715,
        "worst_return": -0.557244,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.341245,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.540273,
        "regime_survival": 0.5,
        "best_return": 0.596715,
        "worst_return": -0.720365,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-08-02",
        "end": "2024-08-30",
        "tenure": "Developing",
        "return": 0.502703,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-06",
        "end": "2024-11-01",
        "tenure": "Developing",
        "return": 0.218638,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-08",
        "end": "2024-11-29",
        "tenure": "New",
        "return": 0.111748,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-06",
        "end": "2025-03-21",
        "tenure": "Established",
        "return": 1.114078,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-03-28",
        "end": "2025-06-13",
        "tenure": "Developing",
        "return": -0.340606,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-06-20",
        "end": "2025-07-18",
        "tenure": "Developing",
        "return": 0.644161,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-25",
        "end": "2025-09-26",
        "tenure": "Developing",
        "return": 0.307506,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-03",
        "end": "2025-11-28",
        "tenure": "Developing",
        "return": -0.155009,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-05",
        "end": "2026-01-16",
        "tenure": "Developing",
        "return": 0.180649,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-23",
        "end": "2026-03-13",
        "tenure": "Developing",
        "return": -0.009425,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-20",
        "end": "2026-04-03",
        "tenure": "New",
        "return": -0.071429,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-04-10",
        "end": "2026-05-01",
        "tenure": "New",
        "return": -0.009501,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-08",
        "end": "2026-06-26",
        "tenure": "Developing",
        "return": -0.140449,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-07-03",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.074495,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 3.12,
        "volume": 8355759,
        "typical_volume": 6268365.35,
        "trend": 3.455667,
        "fair_value": 13.652372,
        "relative_strength": -39.175529,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -24.048231,
        "energy": 14.141904,
        "activity_lines": [
          2.962,
          2.897091,
          2.907643,
          3.039613
        ]
      },
      {
        "date": "2023-08-25",
        "close": 3.31,
        "volume": 16331695,
        "typical_volume": 5912303.2,
        "trend": 3.357333,
        "fair_value": 13.521346,
        "relative_strength": -35.839895,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 2.095898,
        "energy": 10.885431,
        "activity_lines": [
          3.1,
          2.970545,
          2.940952,
          3.030215
        ]
      },
      {
        "date": "2023-09-01",
        "close": 3.62,
        "volume": 15167773,
        "typical_volume": 6386079.8,
        "trend": 3.271,
        "fair_value": 13.398654,
        "relative_strength": -31.669271,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 35.960108,
        "energy": 32.95271,
        "activity_lines": [
          3.294,
          3.100364,
          3.005929,
          3.047161
        ]
      },
      {
        "date": "2023-09-08",
        "close": 3.12,
        "volume": 4723996,
        "typical_volume": 6390867.45,
        "trend": 3.164667,
        "fair_value": 13.286218,
        "relative_strength": -39.76382,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 17.658552,
        "energy": 27.288078,
        "activity_lines": [
          3.278667,
          3.125818,
          3.021,
          3.037419
        ]
      },
      {
        "date": "2023-09-15",
        "close": 3.04,
        "volume": 3172396,
        "typical_volume": 6091846.3,
        "trend": 3.115,
        "fair_value": 13.170192,
        "relative_strength": -39.942252,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 15.885097,
        "energy": 25.193381,
        "activity_lines": [
          3.218667,
          3.132727,
          3.027786,
          3.029376
        ]
      },
      {
        "date": "2023-09-22",
        "close": 3.19,
        "volume": 6857535,
        "typical_volume": 6154609.05,
        "trend": 3.083667,
        "fair_value": 13.059103,
        "relative_strength": -33.655902,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 23.010338,
        "energy": 19.803246,
        "activity_lines": [
          3.201333,
          3.160909,
          3.048381,
          3.034215
        ]
      },
      {
        "date": "2023-09-29",
        "close": 3.13,
        "volume": 8067723,
        "typical_volume": 6296436.6,
        "trend": 3.051333,
        "fair_value": 12.932756,
        "relative_strength": -33.834195,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 7.603743,
        "energy": 6.025925,
        "activity_lines": [
          3.159333,
          3.170727,
          3.062357,
          3.037204
        ]
      },
      {
        "date": "2023-10-06",
        "close": 2.95,
        "volume": 13065447,
        "typical_volume": 6674759.1,
        "trend": 3.040667,
        "fair_value": 12.804038,
        "relative_strength": -37.731643,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -3.661983,
        "energy": 6.71265,
        "activity_lines": [
          3.069333,
          3.138182,
          3.058714,
          3.030667
        ]
      },
      {
        "date": "2023-10-13",
        "close": 2.74,
        "volume": 11926089,
        "typical_volume": 6975856.4,
        "trend": 3.024,
        "fair_value": 12.667244,
        "relative_strength": -41.239236,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -17.669001,
        "energy": 14.560317,
        "activity_lines": [
          2.954,
          3.068,
          3.03381,
          3.011269
        ]
      },
      {
        "date": "2023-10-20",
        "close": 2.78,
        "volume": 4707930,
        "typical_volume": 7024227.25,
        "trend": 3.010833,
        "fair_value": 12.531987,
        "relative_strength": -37.485737,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -25.774421,
        "energy": 21.369708,
        "activity_lines": [
          2.877333,
          3.007091,
          3.012238,
          2.995527
        ]
      },
      {
        "date": "2023-10-27",
        "close": 2.96,
        "volume": 9505608,
        "typical_volume": 7283873.25,
        "trend": 3.0015,
        "fair_value": 12.403782,
        "relative_strength": -30.870925,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -20.606063,
        "energy": 19.590506,
        "activity_lines": [
          2.878,
          2.981636,
          3.008238,
          2.992247
        ]
      },
      {
        "date": "2023-11-03",
        "close": 3.7,
        "volume": 12983978,
        "typical_volume": 7528269.3,
        "trend": 2.9995,
        "fair_value": 12.257628,
        "relative_strength": -17.348531,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 58.835141,
        "energy": 23.41802,
        "activity_lines": [
          3.140667,
          3.093636,
          3.075381,
          3.037312
        ]
      },
      {
        "date": "2023-11-10",
        "close": 3.7,
        "volume": 11418524,
        "typical_volume": 7963931.35,
        "trend": 3.018167,
        "fair_value": 12.124295,
        "relative_strength": -18.413689,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 61.527989,
        "energy": 49.907774,
        "activity_lines": [
          3.365333,
          3.198545,
          3.140667,
          3.082505
        ]
      },
      {
        "date": "2023-11-17",
        "close": 2.93,
        "volume": 21555455,
        "typical_volume": 8874747.0,
        "trend": 3.0165,
        "fair_value": 11.988397,
        "relative_strength": -35.601483,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 36.951138,
        "energy": 29.560568,
        "activity_lines": [
          3.283333,
          3.162,
          3.128714,
          3.076817
        ]
      },
      {
        "date": "2023-11-24",
        "close": 2.79,
        "volume": 6336854,
        "typical_volume": 9068188.65,
        "trend": 3.0115,
        "fair_value": 11.814038,
        "relative_strength": -38.217092,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 27.76822,
        "energy": 18.871331,
        "activity_lines": [
          3.142,
          3.103455,
          3.103286,
          3.062204
        ]
      },
      {
        "date": "2023-12-01",
        "close": 2.69,
        "volume": 6246774,
        "typical_volume": 9166710.4,
        "trend": 3.001167,
        "fair_value": 11.651538,
        "relative_strength": -39.472557,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -17.976377,
        "energy": 11.800183,
        "activity_lines": [
          2.966667,
          3.031273,
          3.067952,
          3.041462
        ]
      },
      {
        "date": "2023-12-08",
        "close": 3.06,
        "volume": 8264589,
        "typical_volume": 9307840.65,
        "trend": 3.002167,
        "fair_value": 11.487692,
        "relative_strength": -30.285635,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -9.113228,
        "energy": 16.224067,
        "activity_lines": [
          2.932667,
          3.035455,
          3.068286,
          3.045258
        ]
      },
      {
        "date": "2023-12-15",
        "close": 2.88,
        "volume": 7427783,
        "typical_volume": 9221206.4,
        "trend": 3.008667,
        "fair_value": 11.301026,
        "relative_strength": -35.17527,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -12.628065,
        "energy": 17.714263,
        "activity_lines": [
          2.881333,
          3.008182,
          3.049286,
          3.037376
        ]
      },
      {
        "date": "2023-12-22",
        "close": 2.87,
        "volume": 18689290,
        "typical_volume": 9966399.9,
        "trend": 3.016333,
        "fair_value": 11.111987,
        "relative_strength": -34.376346,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -14.637131,
        "energy": 22.310497,
        "activity_lines": [
          2.881333,
          2.980364,
          3.02981,
          3.02843
        ]
      },
      {
        "date": "2023-12-29",
        "close": 2.87,
        "volume": 8305066,
        "typical_volume": 10155513.2,
        "trend": 3.016333,
        "fair_value": 10.908013,
        "relative_strength": -32.85409,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -22.10376,
        "energy": 17.844563,
        "activity_lines": [
          2.885333,
          2.950182,
          3.010238,
          3.018989
        ]
      },
      {
        "date": "2024-01-05",
        "close": 2.58,
        "volume": 7203815,
        "typical_volume": 10097916.0,
        "trend": 2.999,
        "fair_value": 10.685833,
        "relative_strength": -35.747476,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -63.080611,
        "energy": 41.204507,
        "activity_lines": [
          2.787333,
          2.865636,
          2.963333,
          2.990839
        ]
      },
      {
        "date": "2024-01-12",
        "close": 2.41,
        "volume": 14237472,
        "typical_volume": 9993204.85,
        "trend": 2.969,
        "fair_value": 10.447051,
        "relative_strength": -40.038183,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -68.887624,
        "energy": 55.592211,
        "activity_lines": [
          2.64,
          2.757091,
          2.90281,
          2.952839
        ]
      },
      {
        "date": "2024-01-19",
        "close": 2.2,
        "volume": 7893804,
        "typical_volume": 9629506.4,
        "trend": 2.946333,
        "fair_value": 10.197244,
        "relative_strength": -44.85495,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.280294,
        "energy": 68.780392,
        "activity_lines": [
          2.466,
          2.633818,
          2.826571,
          2.903226
        ]
      },
      {
        "date": "2024-01-26",
        "close": 1.85,
        "volume": 16590778,
        "typical_volume": 10222845.5,
        "trend": 2.911333,
        "fair_value": 9.967244,
        "relative_strength": -52.277337,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -83.718186,
        "energy": 81.714351,
        "activity_lines": [
          2.220667,
          2.474182,
          2.723762,
          2.832495
        ]
      },
      {
        "date": "2024-02-02",
        "close": 1.485,
        "volume": 17367654,
        "typical_volume": 10932608.4,
        "trend": 2.8705,
        "fair_value": 9.716571,
        "relative_strength": -60.757891,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -89.319453,
        "energy": 91.900605,
        "activity_lines": [
          1.921667,
          2.267818,
          2.592238,
          2.740473
        ]
      },
      {
        "date": "2024-02-09",
        "close": 1.5,
        "volume": 12266624,
        "typical_volume": 11203062.85,
        "trend": 2.827833,
        "fair_value": 9.459519,
        "relative_strength": -59.522763,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -81.723768,
        "energy": 92.22578,
        "activity_lines": [
          1.72,
          2.087909,
          2.469548,
          2.652054
        ]
      },
      {
        "date": "2024-02-16",
        "close": 1.57,
        "volume": 8536846,
        "typical_volume": 11226519.0,
        "trend": 2.7935,
        "fair_value": 9.214391,
        "relative_strength": -55.844622,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.965541,
        "energy": 89.974942,
        "activity_lines": [
          1.613667,
          1.942364,
          2.361571,
          2.570903
        ]
      },
      {
        "date": "2024-02-23",
        "close": 1.52,
        "volume": 6809891,
        "typical_volume": 10913741.2,
        "trend": 2.744833,
        "fair_value": 8.990545,
        "relative_strength": -56.774643,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.663129,
        "energy": 89.32385,
        "activity_lines": [
          1.546667,
          1.814818,
          2.256262,
          2.488742
        ]
      },
      {
        "date": "2024-03-01",
        "close": 1.54,
        "volume": 8805321,
        "typical_volume": 10757702.8,
        "trend": 2.701167,
        "fair_value": 8.786763,
        "relative_strength": -55.988804,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.805074,
        "energy": 86.284733,
        "activity_lines": [
          1.531667,
          1.715636,
          2.159667,
          2.411011
        ]
      },
      {
        "date": "2024-03-08",
        "close": 1.53,
        "volume": 13055309,
        "typical_volume": 11175071.75,
        "trend": 2.6545,
        "fair_value": 8.579968,
        "relative_strength": -54.73973,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.624812,
        "energy": 80.730482,
        "activity_lines": [
          1.534,
          1.638818,
          2.067833,
          2.335452
        ]
      },
      {
        "date": "2024-03-15",
        "close": 1.8,
        "volume": 18785450,
        "typical_volume": 11639063.85,
        "trend": 2.6105,
        "fair_value": 8.382917,
        "relative_strength": -45.23287,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.794262,
        "energy": 59.71239,
        "activity_lines": [
          1.623333,
          1.635455,
          2.007667,
          2.280323
        ]
      },
      {
        "date": "2024-03-22",
        "close": 1.89,
        "volume": 7546556,
        "typical_volume": 11367192.75,
        "trend": 2.563167,
        "fair_value": 8.19125,
        "relative_strength": -43.3036,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.173283,
        "energy": 47.09322,
        "activity_lines": [
          1.722667,
          1.662636,
          1.961595,
          2.233839
        ]
      },
      {
        "date": "2024-03-29",
        "close": 1.55,
        "volume": 5384508,
        "typical_volume": 11065491.95,
        "trend": 2.494167,
        "fair_value": 7.986186,
        "relative_strength": -52.437585,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.521894,
        "energy": 44.940388,
        "activity_lines": [
          1.687333,
          1.637455,
          1.891762,
          2.168473
        ]
      },
      {
        "date": "2024-04-05",
        "close": 1.76,
        "volume": 4367025,
        "typical_volume": 10206070.45,
        "trend": 2.448833,
        "fair_value": 7.800865,
        "relative_strength": -44.408165,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.076161,
        "energy": 33.918874,
        "activity_lines": [
          1.72,
          1.662273,
          1.852167,
          2.121108
        ]
      },
      {
        "date": "2024-04-12",
        "close": 1.61,
        "volume": 4212120,
        "typical_volume": 10099833.75,
        "trend": 2.401167,
        "fair_value": 7.632276,
        "relative_strength": -48.021827,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.329476,
        "energy": 37.57121,
        "activity_lines": [
          1.688,
          1.661455,
          1.803857,
          2.066989
        ]
      },
      {
        "date": "2024-04-19",
        "close": 1.49,
        "volume": 4169879,
        "typical_volume": 9995989.0,
        "trend": 2.3445,
        "fair_value": 7.453429,
        "relative_strength": -48.328854,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.664844,
        "energy": 49.323689,
        "activity_lines": [
          1.610667,
          1.636545,
          1.749738,
          2.008204
        ]
      },
      {
        "date": "2024-04-26",
        "close": 1.58,
        "volume": 4114227,
        "typical_volume": 9788470.9,
        "trend": 2.292833,
        "fair_value": 7.284647,
        "relative_strength": -46.470795,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.653836,
        "energy": 44.841351,
        "activity_lines": [
          1.584,
          1.628182,
          1.709905,
          1.958882
        ]
      },
      {
        "date": "2024-05-03",
        "close": 1.91,
        "volume": 4277124,
        "typical_volume": 9630937.95,
        "trend": 2.258167,
        "fair_value": 7.132147,
        "relative_strength": -35.050438,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.611889,
        "energy": 32.768484,
        "activity_lines": [
          1.688,
          1.679636,
          1.708548,
          1.934183
        ]
      },
      {
        "date": "2024-05-10",
        "close": 1.92,
        "volume": 5091072,
        "typical_volume": 8951027.05,
        "trend": 2.230833,
        "fair_value": 6.979263,
        "relative_strength": -34.74543,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -25.437493,
        "energy": 18.120521,
        "activity_lines": [
          1.771333,
          1.725818,
          1.712762,
          1.912366
        ]
      },
      {
        "date": "2024-05-17",
        "close": 2.05,
        "volume": 3825615,
        "typical_volume": 8727054.5,
        "trend": 2.2065,
        "fair_value": 6.855545,
        "relative_strength": -31.127799,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -1.498009,
        "energy": 14.148472,
        "activity_lines": [
          1.887333,
          1.788727,
          1.733881,
          1.900699
        ]
      },
      {
        "date": "2024-05-24",
        "close": 1.79,
        "volume": 3963613,
        "typical_volume": 8565044.4,
        "trend": 2.1675,
        "fair_value": 6.723942,
        "relative_strength": -40.024602,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -10.67671,
        "energy": 18.863942,
        "activity_lines": [
          1.887333,
          1.794909,
          1.734143,
          1.873828
        ]
      },
      {
        "date": "2024-05-31",
        "close": 1.94,
        "volume": 5335255,
        "typical_volume": 8119933.55,
        "trend": 2.108833,
        "fair_value": 6.605609,
        "relative_strength": -33.197226,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -5.350655,
        "energy": 15.370121,
        "activity_lines": [
          1.917333,
          1.828545,
          1.752452,
          1.859151
        ]
      },
      {
        "date": "2024-06-07",
        "close": 2.24,
        "volume": 5504326,
        "typical_volume": 8000459.65,
        "trend": 2.060167,
        "fair_value": 6.472532,
        "relative_strength": -24.008676,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 15.079664,
        "energy": 22.607926,
        "activity_lines": [
          2.023333,
          1.915818,
          1.801571,
          1.867613
        ]
      },
      {
        "date": "2024-06-14",
        "close": 2.25,
        "volume": 2840499,
        "typical_volume": 7312945.7,
        "trend": 2.0375,
        "fair_value": 6.32766,
        "relative_strength": -25.270445,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 33.775315,
        "energy": 44.028234,
        "activity_lines": [
          2.110667,
          1.992364,
          1.851452,
          1.87986
        ]
      },
      {
        "date": "2024-06-21",
        "close": 2.05,
        "volume": 3043582,
        "typical_volume": 6596742.1,
        "trend": 2.012833,
        "fair_value": 6.196058,
        "relative_strength": -31.271627,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 21.834241,
        "energy": 39.340318,
        "activity_lines": [
          2.109333,
          2.023636,
          1.880381,
          1.880667
        ]
      },
      {
        "date": "2024-06-28",
        "close": 2.095,
        "volume": 4315080,
        "typical_volume": 6199164.9,
        "trend": 1.993,
        "fair_value": 6.072115,
        "relative_strength": -28.943367,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 29.832386,
        "energy": 43.250973,
        "activity_lines": [
          2.123,
          2.055091,
          1.910905,
          1.885968
        ]
      },
      {
        "date": "2024-07-05",
        "close": 2.24,
        "volume": 1419568,
        "typical_volume": 5843301.0,
        "trend": 1.965667,
        "fair_value": 5.959936,
        "relative_strength": -25.956825,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 37.304383,
        "energy": 43.310969,
        "activity_lines": [
          2.164667,
          2.101909,
          1.952405,
          1.901903
        ]
      },
      {
        "date": "2024-07-12",
        "close": 2.31,
        "volume": 7599558,
        "typical_volume": 5882784.35,
        "trend": 1.946667,
        "fair_value": 5.859808,
        "relative_strength": -22.77468,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 38.449818,
        "energy": 36.63022,
        "activity_lines": [
          2.209667,
          2.149455,
          1.997381,
          1.924118
        ]
      },
      {
        "date": "2024-07-19",
        "close": 2.09,
        "volume": 2494207,
        "typical_volume": 5567228.65,
        "trend": 1.920667,
        "fair_value": 5.771923,
        "relative_strength": -26.650716,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 54.311979,
        "energy": 38.067001,
        "activity_lines": [
          2.176667,
          2.149727,
          2.017643,
          1.933366
        ]
      },
      {
        "date": "2024-07-26",
        "close": 1.98,
        "volume": 1989301,
        "typical_volume": 5013928.25,
        "trend": 1.891,
        "fair_value": 5.673526,
        "relative_strength": -27.848513,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 40.459884,
        "energy": 26.036223,
        "activity_lines": [
          2.117667,
          2.126909,
          2.02481,
          1.937194
        ]
      },
      {
        "date": "2024-08-02",
        "close": 1.85,
        "volume": 4072193,
        "typical_volume": 4278265.4,
        "trend": 1.866667,
        "fair_value": 5.569487,
        "relative_strength": -29.629712,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 24.91332,
        "energy": 15.216897,
        "activity_lines": [
          2.02,
          2.081727,
          2.017452,
          1.934548
        ]
      },
      {
        "date": "2024-08-09",
        "close": 2.05,
        "volume": 2707836,
        "typical_volume": 4036329.4,
        "trend": 1.854667,
        "fair_value": 5.461603,
        "relative_strength": -21.405488,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 28.651391,
        "energy": 19.710754,
        "activity_lines": [
          2.005333,
          2.071818,
          2.028905,
          1.946376
        ]
      },
      {
        "date": "2024-08-16",
        "close": 1.79,
        "volume": 3355047,
        "typical_volume": 3934856.35,
        "trend": 1.841,
        "fair_value": 5.370833,
        "relative_strength": -33.830845,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 1.477606,
        "energy": 12.784761,
        "activity_lines": [
          1.916667,
          2.012636,
          2.014833,
          1.942204
        ]
      },
      {
        "date": "2024-08-23",
        "close": 2.1,
        "volume": 3405547,
        "typical_volume": 3886782.45,
        "trend": 1.849333,
        "fair_value": 5.269872,
        "relative_strength": -21.914564,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 19.408795,
        "energy": 14.664708,
        "activity_lines": [
          1.966,
          2.018,
          2.029143,
          1.958914
        ]
      },
      {
        "date": "2024-08-30",
        "close": 2.78,
        "volume": 13990882,
        "typical_volume": 4375720.55,
        "trend": 1.8925,
        "fair_value": 5.147949,
        "relative_strength": 5.562528,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 73.250971,
        "energy": 47.111507,
        "activity_lines": [
          2.241333,
          2.149727,
          2.106595,
          2.018957
        ]
      },
      {
        "date": "2024-09-06",
        "close": 2.79,
        "volume": 5801770,
        "typical_volume": 4457315.1,
        "trend": 1.9355,
        "fair_value": 5.029808,
        "relative_strength": 13.326798,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.648005,
        "energy": 72.640936,
        "activity_lines": [
          2.466667,
          2.27,
          2.179429,
          2.07686
        ]
      },
      {
        "date": "2024-09-13",
        "close": 2.87,
        "volume": 8753947,
        "typical_volume": 4689301.1,
        "trend": 1.978833,
        "fair_value": 4.923846,
        "relative_strength": 10.902207,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.202149,
        "energy": 81.587703,
        "activity_lines": [
          2.656,
          2.392182,
          2.25369,
          2.137151
        ]
      },
      {
        "date": "2024-09-20",
        "close": 3.42,
        "volume": 13300596,
        "typical_volume": 5140474.7,
        "trend": 2.042167,
        "fair_value": 4.8325,
        "relative_strength": 31.077247,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 87.629956,
        "energy": 91.228593,
        "activity_lines": [
          2.974,
          2.602909,
          2.37419,
          2.230129
        ]
      },
      {
        "date": "2024-09-27",
        "close": 3.96,
        "volume": 11748916,
        "typical_volume": 5473366.9,
        "trend": 2.122833,
        "fair_value": 4.749423,
        "relative_strength": 50.572482,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 94.025277,
        "energy": 96.915613,
        "activity_lines": [
          3.363333,
          2.891636,
          2.538929,
          2.35386
        ]
      },
      {
        "date": "2024-10-04",
        "close": 4.21,
        "volume": 11063062,
        "typical_volume": 5835239.25,
        "trend": 2.212167,
        "fair_value": 4.665256,
        "relative_strength": 59.609958,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 91.576387,
        "energy": 96.419269,
        "activity_lines": [
          3.712,
          3.191818,
          2.717762,
          2.488516
        ]
      },
      {
        "date": "2024-10-11",
        "close": 3.82,
        "volume": 7099911,
        "typical_volume": 5992054.15,
        "trend": 2.2795,
        "fair_value": 4.577372,
        "relative_strength": 42.954524,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.210442,
        "energy": 88.10496,
        "activity_lines": [
          3.835333,
          3.380545,
          2.849167,
          2.592247
        ]
      },
      {
        "date": "2024-10-18",
        "close": 3.64,
        "volume": 8718393,
        "typical_volume": 6161211.05,
        "trend": 2.337833,
        "fair_value": 4.483269,
        "relative_strength": 36.169909,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.256736,
        "energy": 80.549618,
        "activity_lines": [
          3.83,
          3.500727,
          2.953762,
          2.680022
        ]
      },
      {
        "date": "2024-10-25",
        "close": 3.37,
        "volume": 6260162,
        "typical_volume": 6199002.85,
        "trend": 2.3985,
        "fair_value": 4.404359,
        "relative_strength": 26.676343,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.067065,
        "energy": 58.814848,
        "activity_lines": [
          3.683333,
          3.542909,
          3.024548,
          2.746613
        ]
      },
      {
        "date": "2024-11-01",
        "close": 3.4,
        "volume": 8295042,
        "typical_volume": 6471730.0,
        "trend": 2.453167,
        "fair_value": 4.321987,
        "relative_strength": 31.357051,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 48.272067,
        "energy": 42.045773,
        "activity_lines": [
          3.55,
          3.561818,
          3.09281,
          2.811226
        ]
      },
      {
        "date": "2024-11-08",
        "close": 3.49,
        "volume": 9699134,
        "typical_volume": 6804507.6,
        "trend": 2.515833,
        "fair_value": 4.229359,
        "relative_strength": 29.260508,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 43.118102,
        "energy": 32.81121,
        "activity_lines": [
          3.484,
          3.573455,
          3.164167,
          2.878118
        ]
      },
      {
        "date": "2024-11-15",
        "close": 3.45,
        "volume": 5860625,
        "typical_volume": 6881784.85,
        "trend": 2.581167,
        "fair_value": 4.168333,
        "relative_strength": 32.637364,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.428651,
        "energy": 27.391425,
        "activity_lines": [
          3.452667,
          3.564909,
          3.224857,
          2.938387
        ]
      },
      {
        "date": "2024-11-22",
        "close": 3.75,
        "volume": 17904547,
        "typical_volume": 7706033.8,
        "trend": 2.6535,
        "fair_value": 4.12141,
        "relative_strength": 41.437942,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 47.673796,
        "energy": 31.6696,
        "activity_lines": [
          3.546,
          3.598909,
          3.307667,
          3.013796
        ]
      },
      {
        "date": "2024-11-29",
        "close": 3.88,
        "volume": 8142563,
        "typical_volume": 7733184.05,
        "trend": 2.719167,
        "fair_value": 4.095,
        "relative_strength": 44.853204,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 62.234114,
        "energy": 40.756923,
        "activity_lines": [
          3.675333,
          3.640545,
          3.395667,
          3.092925
        ]
      },
      {
        "date": "2024-12-06",
        "close": 4.12,
        "volume": 8456886,
        "typical_volume": 8031318.0,
        "trend": 2.7925,
        "fair_value": 4.066859,
        "relative_strength": 48.939221,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.027789,
        "energy": 47.629899,
        "activity_lines": [
          3.850667,
          3.717455,
          3.499048,
          3.183301
        ]
      },
      {
        "date": "2024-12-13",
        "close": 3.99,
        "volume": 15058603,
        "typical_volume": 8684783.1,
        "trend": 2.857167,
        "fair_value": 4.035128,
        "relative_strength": 42.946569,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.931368,
        "energy": 46.131682,
        "activity_lines": [
          3.934667,
          3.767818,
          3.580381,
          3.260559
        ]
      },
      {
        "date": "2024-12-20",
        "close": 3.56,
        "volume": 12768471,
        "typical_volume": 9119597.0,
        "trend": 2.916167,
        "fair_value": 3.999295,
        "relative_strength": 30.554693,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.944204,
        "energy": 39.797931,
        "activity_lines": [
          3.842,
          3.744,
          3.61119,
          3.305903
        ]
      },
      {
        "date": "2024-12-27",
        "close": 4.27,
        "volume": 10715009,
        "typical_volume": 9519955.65,
        "trend": 2.993833,
        "fair_value": 3.968782,
        "relative_strength": 54.542894,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.061755,
        "energy": 45.405157,
        "activity_lines": [
          3.978667,
          3.854,
          3.701476,
          3.393247
        ]
      },
      {
        "date": "2025-01-03",
        "close": 4.95,
        "volume": 19990644,
        "typical_volume": 10351735.5,
        "trend": 3.084167,
        "fair_value": 3.944487,
        "relative_strength": 78.57786,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.846932,
        "energy": 57.062445,
        "activity_lines": [
          4.307333,
          4.076182,
          3.845952,
          3.519452
        ]
      },
      {
        "date": "2025-01-10",
        "close": 5.5,
        "volume": 21135136,
        "typical_volume": 11238214.95,
        "trend": 3.1925,
        "fair_value": 3.920513,
        "relative_strength": 99.343719,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 85.70092,
        "energy": 78.645685,
        "activity_lines": [
          4.748,
          4.369636,
          4.027762,
          3.675312
        ]
      },
      {
        "date": "2025-01-17",
        "close": 5.6,
        "volume": 15310853,
        "typical_volume": 11304213.5,
        "trend": 3.310833,
        "fair_value": 3.900769,
        "relative_strength": 93.55888,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.130145,
        "energy": 88.219553,
        "activity_lines": [
          5.13,
          4.643091,
          4.202905,
          3.830634
        ]
      },
      {
        "date": "2025-01-24",
        "close": 6.99,
        "volume": 25573854,
        "typical_volume": 12292817.7,
        "trend": 3.474,
        "fair_value": 3.891026,
        "relative_strength": 130.95009,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 92.696821,
        "energy": 96.176886,
        "activity_lines": [
          5.868,
          5.130909,
          4.497,
          4.068
        ]
      },
      {
        "date": "2025-01-31",
        "close": 6.97,
        "volume": 30323651,
        "typical_volume": 13371302.9,
        "trend": 3.631667,
        "fair_value": 3.883974,
        "relative_strength": 126.023651,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.43565,
        "energy": 93.132536,
        "activity_lines": [
          6.370667,
          5.550727,
          4.76919,
          4.293548
        ]
      },
      {
        "date": "2025-02-07",
        "close": 9.0,
        "volume": 32176986,
        "typical_volume": 14315122.4,
        "trend": 3.854667,
        "fair_value": 3.887949,
        "relative_strength": 178.998278,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 95.314218,
        "energy": 97.182119,
        "activity_lines": [
          7.37,
          6.281091,
          5.21519,
          4.639892
        ]
      },
      {
        "date": "2025-02-14",
        "close": 11.54,
        "volume": 64550395,
        "typical_volume": 16955196.35,
        "trend": 4.169667,
        "fair_value": 3.913718,
        "relative_strength": 229.362184,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 97.384239,
        "energy": 98.016258,
        "activity_lines": [
          8.946,
          7.380182,
          5.876524,
          5.13572
        ]
      },
      {
        "date": "2025-02-21",
        "close": 14.59,
        "volume": 89581436,
        "typical_volume": 20881115.05,
        "trend": 4.59,
        "fair_value": 3.96109,
        "relative_strength": 297.513186,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 98.061231,
        "energy": 98.412282,
        "activity_lines": [
          11.136,
          8.898909,
          6.792238,
          5.808
        ]
      },
      {
        "date": "2025-02-28",
        "close": 11.73,
        "volume": 65847631,
        "typical_volume": 23818501.05,
        "trend": 4.919333,
        "fair_value": 3.995192,
        "relative_strength": 213.890765,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.324719,
        "energy": 85.13646,
        "activity_lines": [
          11.773333,
          9.704909,
          7.386143,
          6.268645
        ]
      },
      {
        "date": "2025-03-07",
        "close": 11.47,
        "volume": 64575091,
        "typical_volume": 26611335.95,
        "trend": 5.233333,
        "fair_value": 4.038205,
        "relative_strength": 201.529803,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.569579,
        "energy": 67.236816,
        "activity_lines": [
          12.008,
          10.315091,
          7.917619,
          6.691269
        ]
      },
      {
        "date": "2025-03-14",
        "close": 11.65,
        "volume": 70423264,
        "typical_volume": 29819491.05,
        "trend": 5.562,
        "fair_value": 4.071346,
        "relative_strength": 199.050808,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.407889,
        "energy": 64.270079,
        "activity_lines": [
          12.002667,
          10.827091,
          8.428952,
          7.105247
        ]
      },
      {
        "date": "2025-03-21",
        "close": 8.71,
        "volume": 63567374,
        "typical_volume": 32583107.65,
        "trend": 5.782333,
        "fair_value": 4.082756,
        "relative_strength": 115.946302,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 57.561735,
        "energy": 45.889074,
        "activity_lines": [
          10.840667,
          10.682727,
          8.620857,
          7.308344
        ]
      },
      {
        "date": "2025-03-28",
        "close": 8.25,
        "volume": 44663531,
        "typical_volume": 34331327.5,
        "trend": 5.964667,
        "fair_value": 4.096026,
        "relative_strength": 102.886702,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.723932,
        "energy": 28.090205,
        "activity_lines": [
          9.714,
          10.396364,
          8.743667,
          7.467548
        ]
      },
      {
        "date": "2025-04-04",
        "close": 6.39,
        "volume": 32500575,
        "typical_volume": 35663325.0,
        "trend": 6.084667,
        "fair_value": 4.102372,
        "relative_strength": 70.15961,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.436029,
        "energy": 21.553306,
        "activity_lines": [
          8.39,
          9.723636,
          8.666667,
          7.494989
        ]
      },
      {
        "date": "2025-04-11",
        "close": 5.54,
        "volume": 64116743,
        "typical_volume": 37973934.8,
        "trend": 6.173667,
        "fair_value": 4.095641,
        "relative_strength": 34.745592,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 3.66609,
        "energy": 22.659351,
        "activity_lines": [
          7.138667,
          8.907273,
          8.494714,
          7.459849
        ]
      },
      {
        "date": "2025-04-18",
        "close": 5.02,
        "volume": 41152423,
        "typical_volume": 39624427.8,
        "trend": 6.227,
        "fair_value": 4.092564,
        "relative_strength": 22.921131,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -26.527636,
        "energy": 33.585828,
        "activity_lines": [
          6.109333,
          8.022364,
          8.264714,
          7.385419
        ]
      },
      {
        "date": "2025-04-25",
        "close": 5.38,
        "volume": 26214811,
        "typical_volume": 40512324.05,
        "trend": 6.274333,
        "fair_value": 4.088782,
        "relative_strength": 21.84128,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -23.692752,
        "energy": 34.055748,
        "activity_lines": [
          5.642,
          7.275273,
          8.063571,
          7.330774
        ]
      },
      {
        "date": "2025-05-02",
        "close": 7.08,
        "volume": 31764840,
        "typical_volume": 41347635.9,
        "trend": 6.37,
        "fair_value": 4.094423,
        "relative_strength": 51.857046,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -19.722967,
        "energy": 28.06484,
        "activity_lines": [
          5.963333,
          6.949273,
          8.018333,
          7.382753
        ]
      },
      {
        "date": "2025-05-09",
        "close": 5.96,
        "volume": 35388787,
        "typical_volume": 42478651.7,
        "trend": 6.441333,
        "fair_value": 4.094231,
        "relative_strength": 26.06587,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -20.411918,
        "energy": 26.499054,
        "activity_lines": [
          5.989333,
          6.556182,
          7.851714,
          7.356301
        ]
      },
      {
        "date": "2025-05-16",
        "close": 6.43,
        "volume": 39006207,
        "typical_volume": 43893211.6,
        "trend": 6.534333,
        "fair_value": 4.098974,
        "relative_strength": 25.328763,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -16.494207,
        "energy": 17.607012,
        "activity_lines": [
          6.200667,
          6.353455,
          7.718429,
          7.35557
        ]
      },
      {
        "date": "2025-05-23",
        "close": 5.985,
        "volume": 17012681,
        "typical_volume": 43744313.45,
        "trend": 6.6215,
        "fair_value": 4.102147,
        "relative_strength": 17.667143,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -8.9665,
        "energy": 12.524566,
        "activity_lines": [
          6.204333,
          6.161455,
          7.532476,
          7.320129
        ]
      },
      {
        "date": "2025-05-30",
        "close": 5.34,
        "volume": 27662393,
        "typical_volume": 44070676.3,
        "trend": 6.686167,
        "fair_value": 4.101955,
        "relative_strength": 1.822379,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -25.962271,
        "energy": 22.530183,
        "activity_lines": [
          5.928667,
          5.955182,
          7.280167,
          7.237452
        ]
      },
      {
        "date": "2025-06-06",
        "close": 5.91,
        "volume": 19179923,
        "typical_volume": 44264129.8,
        "trend": 6.766833,
        "fair_value": 4.102019,
        "relative_strength": 9.087203,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -27.057966,
        "energy": 27.855278,
        "activity_lines": [
          5.845667,
          5.913818,
          7.082905,
          7.187376
        ]
      },
      {
        "date": "2025-06-13",
        "close": 5.44,
        "volume": 11900041,
        "typical_volume": 43580439.15,
        "trend": 6.833167,
        "fair_value": 4.100609,
        "relative_strength": -0.076518,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -33.488139,
        "energy": 40.668457,
        "activity_lines": [
          5.684,
          5.829545,
          6.839405,
          7.101774
        ]
      },
      {
        "date": "2025-06-20",
        "close": 5.48,
        "volume": 14410940,
        "typical_volume": 42784803.6,
        "trend": 6.890833,
        "fair_value": 4.095609,
        "relative_strength": -0.448552,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": -32.99892,
        "energy": 48.264643,
        "activity_lines": [
          5.570333,
          5.769818,
          6.607095,
          7.014473
        ]
      },
      {
        "date": "2025-06-27",
        "close": 6.98,
        "volume": 37763444,
        "typical_volume": 43064126.5,
        "trend": 6.994167,
        "fair_value": 4.101827,
        "relative_strength": 19.908963,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": -16.371283,
        "energy": 20.036649,
        "activity_lines": [
          6.02,
          5.983909,
          6.524738,
          7.020226
        ]
      },
      {
        "date": "2025-07-04",
        "close": 7.75,
        "volume": 41234556,
        "typical_volume": 41898334.55,
        "trend": 7.115167,
        "fair_value": 4.116122,
        "relative_strength": 28.996682,
        "stage": 2,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -20.431208,
        "energy": 15.442844,
        "activity_lines": [
          6.66,
          6.302364,
          6.525333,
          7.068989
        ]
      },
      {
        "date": "2025-07-11",
        "close": 7.95,
        "volume": 39202436,
        "typical_volume": 39379384.55,
        "trend": 7.247167,
        "fair_value": 4.134327,
        "relative_strength": 30.564579,
        "stage": 2,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": 2.05046,
        "energy": 16.876308,
        "activity_lines": [
          7.206,
          6.614091,
          6.563024,
          7.122849
        ]
      },
      {
        "date": "2025-07-18",
        "close": 9.01,
        "volume": 56414113,
        "typical_volume": 38907708.65,
        "trend": 7.428833,
        "fair_value": 4.160994,
        "relative_strength": 43.196676,
        "stage": 2,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": 35.503154,
        "energy": 40.281063,
        "activity_lines": [
          7.969333,
          7.102727,
          6.733286,
          7.236581
        ]
      },
      {
        "date": "2025-07-25",
        "close": 8.26,
        "volume": 27038650,
        "typical_volume": 37030886.6,
        "trend": 7.561833,
        "fair_value": 4.180865,
        "relative_strength": 27.837324,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 22.95394,
        "energy": 51.1039,
        "activity_lines": [
          8.244667,
          7.399545,
          6.845071,
          7.290204
        ]
      },
      {
        "date": "2025-08-01",
        "close": 7.49,
        "volume": 28349621,
        "typical_volume": 34927204.45,
        "trend": 7.6465,
        "fair_value": 4.19625,
        "relative_strength": 16.689778,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 22.484897,
        "energy": 47.359589,
        "activity_lines": [
          8.078,
          7.523091,
          6.89881,
          7.28557
        ]
      },
      {
        "date": "2025-08-08",
        "close": 7.98,
        "volume": 16608384,
        "typical_volume": 32579254.95,
        "trend": 7.729167,
        "fair_value": 4.21375,
        "relative_strength": 18.027112,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 21.613728,
        "energy": 43.059202,
        "activity_lines": [
          8.040667,
          7.708364,
          7.019024,
          7.307086
        ]
      },
      {
        "date": "2025-08-15",
        "close": 7.77,
        "volume": 21638561,
        "typical_volume": 31428006.45,
        "trend": 7.8015,
        "fair_value": 4.231186,
        "relative_strength": 12.586781,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 16.577094,
        "energy": 19.663515,
        "activity_lines": [
          7.918,
          7.807455,
          7.122714,
          7.30972
        ]
      },
      {
        "date": "2025-08-22",
        "close": 8.29,
        "volume": 30766046,
        "typical_volume": 31341280.0,
        "trend": 7.844833,
        "fair_value": 4.251186,
        "relative_strength": 19.311753,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 21.769778,
        "energy": 18.140864,
        "activity_lines": [
          7.980667,
          7.967273,
          7.278214,
          7.341237
        ]
      },
      {
        "date": "2025-08-29",
        "close": 8.66,
        "volume": 35960146,
        "typical_volume": 29933450.15,
        "trend": 7.901167,
        "fair_value": 4.27484,
        "relative_strength": 23.164176,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 35.603694,
        "energy": 27.389885,
        "activity_lines": [
          8.214667,
          8.142545,
          7.459905,
          7.393828
        ]
      },
      {
        "date": "2025-09-05",
        "close": 7.9,
        "volume": 24400525,
        "typical_volume": 29095855.25,
        "trend": 7.8645,
        "fair_value": 4.296058,
        "relative_strength": 9.971342,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 23.684749,
        "energy": 21.026763,
        "activity_lines": [
          8.168667,
          8.121818,
          7.554357,
          7.393753
        ]
      },
      {
        "date": "2025-09-12",
        "close": 9.57,
        "volume": 37452081,
        "typical_volume": 29657718.75,
        "trend": 7.798833,
        "fair_value": 4.318237,
        "relative_strength": 28.777605,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 44.072914,
        "energy": 41.897234,
        "activity_lines": [
          8.652,
          8.388,
          7.794143,
          7.503785
        ]
      },
      {
        "date": "2025-09-19",
        "close": 9.63,
        "volume": 40905498,
        "typical_volume": 30114751.65,
        "trend": 7.6335,
        "fair_value": 4.342788,
        "relative_strength": 25.143042,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 41.339145,
        "energy": 52.135551,
        "activity_lines": [
          9.049333,
          8.632,
          8.01969,
          7.621925
        ]
      },
      {
        "date": "2025-09-26",
        "close": 10.8,
        "volume": 61956896,
        "typical_volume": 31443157.1,
        "trend": 7.6025,
        "fair_value": 4.376763,
        "relative_strength": 38.914458,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 78.697957,
        "energy": 73.30064,
        "activity_lines": [
          9.712667,
          9.058182,
          8.344524,
          7.826215
        ]
      },
      {
        "date": "2025-10-03",
        "close": 10.58,
        "volume": 30146430,
        "typical_volume": 31000168.25,
        "trend": 7.572833,
        "fair_value": 4.411699,
        "relative_strength": 32.725452,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.372492,
        "energy": 76.228093,
        "activity_lines": [
          10.135333,
          9.411818,
          8.625357,
          8.018312
        ]
      },
      {
        "date": "2025-10-10",
        "close": 8.51,
        "volume": 32383954,
        "typical_volume": 31768731.9,
        "trend": 7.468167,
        "fair_value": 4.434391,
        "relative_strength": 8.187644,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.971945,
        "energy": 52.541656,
        "activity_lines": [
          9.74,
          9.346909,
          8.689286,
          8.078774
        ]
      },
      {
        "date": "2025-10-17",
        "close": 8.76,
        "volume": 26279569,
        "typical_volume": 31699590.7,
        "trend": 7.469833,
        "fair_value": 4.456314,
        "relative_strength": 7.603237,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.389086,
        "energy": 37.209774,
        "activity_lines": [
          9.387333,
          9.308909,
          8.765,
          8.162118
        ]
      },
      {
        "date": "2025-10-24",
        "close": 9.62,
        "volume": 15592035,
        "typical_volume": 31520196.3,
        "trend": 7.5155,
        "fair_value": 4.489519,
        "relative_strength": 14.219498,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 46.338095,
        "energy": 27.865701,
        "activity_lines": [
          9.375333,
          9.413091,
          8.906333,
          8.300839
        ]
      },
      {
        "date": "2025-10-31",
        "close": 10.4,
        "volume": 24654193,
        "typical_volume": 32157903.9,
        "trend": 7.649167,
        "fair_value": 4.519455,
        "relative_strength": 19.527644,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.72903,
        "energy": 28.438055,
        "activity_lines": [
          9.624,
          9.625455,
          9.104286,
          8.486935
        ]
      },
      {
        "date": "2025-11-07",
        "close": 9.65,
        "volume": 17693181,
        "typical_volume": 32322015.95,
        "trend": 7.786167,
        "fair_value": 4.545353,
        "relative_strength": 13.009396,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 41.516781,
        "energy": 26.414197,
        "activity_lines": [
          9.649333,
          9.663091,
          9.20719,
          8.616022
        ]
      },
      {
        "date": "2025-11-14",
        "close": 8.8,
        "volume": 23910685,
        "typical_volume": 31629378.0,
        "trend": 7.912167,
        "fair_value": 4.569199,
        "relative_strength": 2.156463,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 38.011072,
        "energy": 23.457634,
        "activity_lines": [
          9.453333,
          9.528182,
          9.209286,
          8.68143
        ]
      },
      {
        "date": "2025-11-21",
        "close": 8.39,
        "volume": 32617151,
        "typical_volume": 31198507.75,
        "trend": 8.0125,
        "fair_value": 4.591635,
        "relative_strength": -0.417314,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 27.113249,
        "energy": 13.959874,
        "activity_lines": [
          9.101333,
          9.302364,
          9.163667,
          8.712258
        ]
      },
      {
        "date": "2025-11-28",
        "close": 8.94,
        "volume": 12745320,
        "typical_volume": 29875651.95,
        "trend": 8.0745,
        "fair_value": 4.617083,
        "relative_strength": 0.19509,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 27.8663,
        "energy": 15.620786,
        "activity_lines": [
          8.957333,
          9.198,
          9.167381,
          8.772097
        ]
      },
      {
        "date": "2025-12-05",
        "close": 8.94,
        "volume": 9298381,
        "typical_volume": 27519865.35,
        "trend": 8.173833,
        "fair_value": 4.64125,
        "relative_strength": -1.64639,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 15.09912,
        "energy": 12.903835,
        "activity_lines": [
          8.858667,
          9.106182,
          9.166381,
          8.827935
        ]
      },
      {
        "date": "2025-12-12",
        "close": 9.18,
        "volume": 12536208,
        "typical_volume": 26794743.25,
        "trend": 8.2655,
        "fair_value": 4.666635,
        "relative_strength": 1.947717,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 14.44621,
        "energy": 10.800492,
        "activity_lines": [
          8.937333,
          9.091818,
          9.188571,
          8.892849
        ]
      },
      {
        "date": "2025-12-19",
        "close": 8.75,
        "volume": 27613948,
        "typical_volume": 26757959.6,
        "trend": 8.357667,
        "fair_value": 4.686571,
        "relative_strength": -4.280948,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 11.03074,
        "energy": 6.868563,
        "activity_lines": [
          8.904,
          9.024727,
          9.165429,
          8.924108
        ]
      },
      {
        "date": "2025-12-26",
        "close": 8.69,
        "volume": 8091729,
        "typical_volume": 26332126.85,
        "trend": 8.469333,
        "fair_value": 4.705929,
        "relative_strength": -6.790717,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 8.273547,
        "energy": 6.135334,
        "activity_lines": [
          8.854,
          8.942364,
          9.130571,
          8.945548
        ]
      },
      {
        "date": "2026-01-02",
        "close": 9.11,
        "volume": 9446602,
        "typical_volume": 25722528.9,
        "trend": 8.576,
        "fair_value": 4.725032,
        "relative_strength": -1.238537,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 13.494184,
        "energy": 6.36728,
        "activity_lines": [
          8.924,
          8.937636,
          9.132333,
          8.986882
        ]
      },
      {
        "date": "2026-01-09",
        "close": 10.42,
        "volume": 22990207,
        "typical_volume": 25333736.95,
        "trend": 8.742,
        "fair_value": 4.752724,
        "relative_strength": 9.7206,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 48.000428,
        "energy": 27.221519,
        "activity_lines": [
          9.419333,
          9.180364,
          9.252476,
          9.105849
        ]
      },
      {
        "date": "2026-01-16",
        "close": 10.555,
        "volume": 45578503,
        "typical_volume": 25814654.8,
        "trend": 8.911167,
        "fair_value": 4.779038,
        "relative_strength": 11.230924,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 58.978933,
        "energy": 48.399021,
        "activity_lines": [
          9.861,
          9.447273,
          9.375333,
          9.222817
        ]
      },
      {
        "date": "2026-01-23",
        "close": 10.61,
        "volume": 24952600,
        "typical_volume": 25842258.55,
        "trend": 9.032167,
        "fair_value": 4.806923,
        "relative_strength": 11.020844,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.791284,
        "energy": 57.397108,
        "activity_lines": [
          10.229333,
          9.707727,
          9.494405,
          9.332419
        ]
      },
      {
        "date": "2026-01-30",
        "close": 10.53,
        "volume": 21755371,
        "typical_volume": 25057423.05,
        "trend": 9.124833,
        "fair_value": 4.834615,
        "relative_strength": 9.849704,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.385372,
        "energy": 62.636031,
        "activity_lines": [
          10.447,
          9.920727,
          9.592952,
          9.429054
        ]
      },
      {
        "date": "2026-02-06",
        "close": 11.2,
        "volume": 23067101,
        "typical_volume": 24165503.2,
        "trend": 9.233167,
        "fair_value": 4.865962,
        "relative_strength": 19.021697,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.47102,
        "energy": 66.975357,
        "activity_lines": [
          10.765333,
          10.216636,
          9.750738,
          9.562935
        ]
      },
      {
        "date": "2026-02-13",
        "close": 13.8,
        "volume": 50936535,
        "typical_volume": 23614485.15,
        "trend": 9.392833,
        "fair_value": 4.925385,
        "relative_strength": 48.280997,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 90.448186,
        "energy": 83.406142,
        "activity_lines": [
          11.811,
          10.944182,
          10.148667,
          9.85757
        ]
      },
      {
        "date": "2026-02-20",
        "close": 11.85,
        "volume": 35174883,
        "typical_volume": 23865907.8,
        "trend": 9.5125,
        "fair_value": 4.974872,
        "relative_strength": 27.2177,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.731818,
        "energy": 70.871671,
        "activity_lines": [
          11.981333,
          11.228818,
          10.346595,
          10.016097
        ]
      },
      {
        "date": "2026-02-27",
        "close": 10.78,
        "volume": 40796054,
        "typical_volume": 24286512.8,
        "trend": 9.622167,
        "fair_value": 5.017692,
        "relative_strength": 16.820085,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.012239,
        "energy": 54.852817,
        "activity_lines": [
          11.708667,
          11.270364,
          10.436571,
          10.097871
        ]
      },
      {
        "date": "2026-03-06",
        "close": 9.62,
        "volume": 36129781,
        "typical_volume": 24779023.4,
        "trend": 9.676833,
        "fair_value": 5.058397,
        "relative_strength": 6.558016,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 35.39164,
        "energy": 27.692887,
        "activity_lines": [
          11.038,
          11.064091,
          10.405262,
          10.097731
        ]
      },
      {
        "date": "2026-03-13",
        "close": 10.51,
        "volume": 35672543,
        "typical_volume": 25783048.8,
        "trend": 9.768167,
        "fair_value": 5.105,
        "relative_strength": 18.615145,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 33.020278,
        "energy": 17.825632,
        "activity_lines": [
          10.724667,
          11.002727,
          10.454619,
          10.151484
        ]
      },
      {
        "date": "2026-03-20",
        "close": 8.82,
        "volume": 43216634,
        "typical_volume": 26711170.85,
        "trend": 9.785833,
        "fair_value": 5.141186,
        "relative_strength": 1.936855,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 7.507998,
        "energy": 16.629324,
        "activity_lines": [
          9.894,
          10.608636,
          10.338786,
          10.090312
        ]
      },
      {
        "date": "2026-03-27",
        "close": 8.45,
        "volume": 27025681,
        "typical_volume": 27177795.85,
        "trend": 9.778833,
        "fair_value": 5.174583,
        "relative_strength": 1.264111,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -24.907555,
        "energy": 27.342926,
        "activity_lines": [
          9.272,
          10.176364,
          10.195238,
          10.004129
        ]
      },
      {
        "date": "2026-04-03",
        "close": 8.19,
        "volume": 16821972,
        "typical_volume": 26823360.2,
        "trend": 9.7885,
        "fair_value": 5.202981,
        "relative_strength": -5.464102,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -26.617049,
        "energy": 33.742753,
        "activity_lines": [
          8.79,
          9.735091,
          10.032643,
          9.901624
        ]
      },
      {
        "date": "2026-04-10",
        "close": 8.42,
        "volume": 22669317,
        "typical_volume": 26325968.5,
        "trend": 9.750167,
        "fair_value": 5.236827,
        "relative_strength": -7.143187,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -24.47497,
        "energy": 41.894689,
        "activity_lines": [
          8.557333,
          9.379636,
          9.894857,
          9.813333
        ]
      },
      {
        "date": "2026-04-17",
        "close": 9.39,
        "volume": 26703373,
        "typical_volume": 27023871.15,
        "trend": 9.742167,
        "fair_value": 5.277917,
        "relative_strength": -2.867409,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -19.352492,
        "energy": 35.279781,
        "activity_lines": [
          8.728,
          9.238909,
          9.84931,
          9.790097
        ]
      },
      {
        "date": "2026-04-24",
        "close": 9.22,
        "volume": 30497209,
        "typical_volume": 28083812.55,
        "trend": 9.6895,
        "fair_value": 5.318173,
        "relative_strength": -6.978244,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -17.084654,
        "energy": 20.167271,
        "activity_lines": [
          8.916667,
          9.100182,
          9.785429,
          9.756409
        ]
      },
      {
        "date": "2026-05-01",
        "close": 8.34,
        "volume": 19150834,
        "typical_volume": 28414543.85,
        "trend": 9.614833,
        "fair_value": 5.352404,
        "relative_strength": -16.906694,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -31.889422,
        "energy": 22.537266,
        "activity_lines": [
          8.785333,
          8.884727,
          9.636405,
          9.669344
        ]
      },
      {
        "date": "2026-05-08",
        "close": 8.9,
        "volume": 28054244,
        "typical_volume": 28436558.65,
        "trend": 9.627833,
        "fair_value": 5.390032,
        "relative_strength": -15.977867,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -40.317799,
        "energy": 22.194882,
        "activity_lines": [
          8.848,
          8.834909,
          9.544714,
          9.623226
        ]
      },
      {
        "date": "2026-05-15",
        "close": 10.09,
        "volume": 117566004,
        "typical_volume": 33910272.4,
        "trend": 9.672167,
        "fair_value": 5.4375,
        "relative_strength": -4.663078,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -26.995794,
        "energy": 13.343858,
        "activity_lines": [
          9.26,
          9.035636,
          9.565643,
          9.653043
        ]
      },
      {
        "date": "2026-05-22",
        "close": 9.54,
        "volume": 43451097,
        "typical_volume": 35610497.15,
        "trend": 9.6695,
        "fair_value": 5.481731,
        "relative_strength": -11.113118,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -30.649722,
        "energy": 14.384117,
        "activity_lines": [
          9.377333,
          9.127818,
          9.527524,
          9.644516
        ]
      },
      {
        "date": "2026-05-29",
        "close": 10.08,
        "volume": 44903462,
        "typical_volume": 36706159.9,
        "trend": 9.658833,
        "fair_value": 5.527949,
        "relative_strength": -9.112752,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 9.775028,
        "energy": 11.762677,
        "activity_lines": [
          9.664667,
          9.335818,
          9.538786,
          9.671
        ]
      },
      {
        "date": "2026-06-05",
        "close": 8.84,
        "volume": 38569162,
        "typical_volume": 36355692.85,
        "trend": 9.631833,
        "fair_value": 5.564744,
        "relative_strength": -16.677805,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -33.311538,
        "energy": 18.201581,
        "activity_lines": [
          9.481333,
          9.295455,
          9.433571,
          9.618172
        ]
      },
      {
        "date": "2026-06-12",
        "close": 8.87,
        "volume": 32835961,
        "typical_volume": 36749860.9,
        "trend": 9.634167,
        "fair_value": 5.600385,
        "relative_strength": -18.483517,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -35.521396,
        "energy": 14.665997,
        "activity_lines": [
          9.274667,
          9.253455,
          9.339381,
          9.569022
        ]
      },
      {
        "date": "2026-06-19",
        "close": 8.75,
        "volume": 19127267,
        "typical_volume": 36618455.7,
        "trend": 9.646167,
        "fair_value": 5.638013,
        "relative_strength": -21.816645,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -47.16452,
        "energy": 23.191054,
        "activity_lines": [
          9.03,
          9.177273,
          9.242048,
          9.511978
        ]
      },
      {
        "date": "2026-06-26",
        "close": 7.65,
        "volume": 24206743,
        "typical_volume": 36675437.8,
        "trend": 9.603167,
        "fair_value": 5.668462,
        "relative_strength": -28.246931,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -64.46192,
        "energy": 52.127198,
        "activity_lines": [
          8.508,
          8.895091,
          9.048429,
          9.383194
        ]
      },
      {
        "date": "2026-07-03",
        "close": 7.92,
        "volume": 28908428,
        "typical_volume": 35574032.45,
        "trend": 9.569167,
        "fair_value": 5.701859,
        "relative_strength": -26.077872,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.700783,
        "energy": 55.026049,
        "activity_lines": [
          8.202,
          8.693636,
          8.897429,
          9.274602
        ]
      },
      {
        "date": "2026-07-10",
        "close": 8.01,
        "volume": 19346891,
        "typical_volume": 34782632.85,
        "trend": 9.530167,
        "fair_value": 5.735385,
        "relative_strength": -26.251498,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.594193,
        "energy": 56.308395,
        "activity_lines": [
          8.07,
          8.532182,
          8.783,
          9.174011
        ]
      },
      {
        "date": "2026-07-17",
        "close": 7.39,
        "volume": 12753784,
        "typical_volume": 33380519.35,
        "trend": 9.484833,
        "fair_value": 5.76609,
        "relative_strength": -28.502972,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.932919,
        "energy": 61.151157,
        "activity_lines": [
          7.786667,
          8.264,
          8.62781,
          9.035935
        ]
      },
      {
        "date": "2026-07-24",
        "close": 7.21,
        "volume": 13898813,
        "typical_volume": 32268970.95,
        "trend": 9.4355,
        "fair_value": 5.793205,
        "relative_strength": -28.734781,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.192691,
        "energy": 56.370898,
        "activity_lines": [
          7.542,
          7.990545,
          8.471619,
          8.889172
        ]
      },
      {
        "date": "2026-07-31",
        "close": 7.17,
        "volume": 31194033,
        "typical_volume": 32045045.45,
        "trend": 9.370833,
        "fair_value": 5.820897,
        "relative_strength": -29.227433,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.412348,
        "energy": 51.950051,
        "activity_lines": [
          7.386667,
          7.762182,
          8.323095,
          8.743011
        ]
      },
      {
        "date": "2026-08-07",
        "close": 7.33,
        "volume": 15169058,
        "typical_volume": 30642666.65,
        "trend": 9.267833,
        "fair_value": 5.849103,
        "relative_strength": -30.810921,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.65058,
        "energy": 48.166917,
        "activity_lines": [
          7.316667,
          7.606,
          8.205714,
          8.611344
        ]
      }
    ],
    "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."
    }
  }
}