{
  "ticker": {
    "uuid": "e7e5cc1c-612f-40cf-93b1-d4840b2b7b1e",
    "symbol": "SPECIALITY",
    "name": "Speciality Restaurants Limited",
    "exchange": "NSI",
    "country": "IN",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^NSEI",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 82.067,
    "architecture_energy": 72.267,
    "architecture_maturity": 30.0,
    "architecture_confidence": 77.176,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 7.16,
        "rotation_up": 78.16,
        "upward_expansion": 88.69,
        "deceleration": 49.03,
        "rotation_down": 11.49,
        "downward_expansion": 13.02
      },
      "activity_lines": [
        136.806664,
        131.333998,
        121.817142,
        116.062881
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 145.169998,
    "trend_reference": 110.332333,
    "distance_from_trend": 0.315752,
    "trend_direction": "Improving",
    "fair_value": 151.122638,
    "distance_from_fair_value": -0.039389,
    "fair_value_direction": "Improving",
    "relative_strength": 24.920225,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.312924,
    "excess_performance": 0.356633,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.315752,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.017695,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.039389,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.284818,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.249202,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.312155,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.312924,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.622903,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 730651,
      "relative_activity": 3.734832,
      "balance": 2.622903,
      "dry_up": 1.910261,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.079223,
      "annualized_volatility": 0.388295,
      "from_high_reference": -0.057338,
      "from_low_reference": 0.755381
    },
    "levels": {
      "trend_reference": 110.332333,
      "fair_value_reference": 151.122638,
      "structural_low": 82.699997,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 21,
        "median_return": 0.001044,
        "positive_rate": 0.52381,
        "directional_follow_through": 0.52381,
        "median_excess_return": -0.017046,
        "regime_survival": 0.619048,
        "best_return": 0.354595,
        "worst_return": -0.273077,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.030671,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.046109,
        "regime_survival": 0.125,
        "best_return": 0.183347,
        "worst_return": -0.258502,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.049059,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.002676,
        "regime_survival": 0.166667,
        "best_return": 0.559293,
        "worst_return": -0.310324,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.07275,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.025009,
        "regime_survival": 0.0,
        "best_return": 0.82989,
        "worst_return": -0.44221,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-04-05",
        "end": "2024-04-19",
        "tenure": "New",
        "return": -0.026122,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-04-26",
        "end": "2024-05-17",
        "tenure": "New",
        "return": -0.050298,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-05-24",
        "end": "2024-08-23",
        "tenure": "Established",
        "return": 0.071397,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-30",
        "end": "2024-10-18",
        "tenure": "Developing",
        "return": -0.110536,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-10-25",
        "end": "2025-04-18",
        "tenure": "Established",
        "return": -0.081991,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-25",
        "end": "2025-06-20",
        "tenure": "Developing",
        "return": -0.107919,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-06-27",
        "end": "2025-09-26",
        "tenure": "Established",
        "return": 0.003367,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-10-03",
        "end": "2025-10-31",
        "tenure": "Developing",
        "return": -0.049038,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-11-07",
        "end": "2025-11-21",
        "tenure": "New",
        "return": -0.055377,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-11-28",
        "end": "2025-12-19",
        "tenure": "New",
        "return": -0.083884,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-26",
        "end": "2026-05-08",
        "tenure": "Established",
        "return": -0.042602,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-15",
        "end": "2026-06-05",
        "tenure": "New",
        "return": 0.078784,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-06-12",
        "end": "2026-07-03",
        "tenure": "New",
        "return": 0.227689,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-07-10",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.186223,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 199.11882,
        "volume": 365704,
        "typical_volume": 679498.05,
        "trend": 220.828041,
        "fair_value": 126.637074,
        "relative_strength": -13.453362,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.928372,
        "energy": 62.636289,
        "activity_lines": [
          206.717289,
          212.208026,
          219.284223,
          219.756618
        ]
      },
      {
        "date": "2023-08-25",
        "close": 198.095963,
        "volume": 332778,
        "typical_volume": 685364.05,
        "trend": 219.410634,
        "fair_value": 127.701159,
        "relative_strength": -13.671397,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.986308,
        "energy": 68.405749,
        "activity_lines": [
          202.966767,
          208.806429,
          216.998884,
          218.290032
        ]
      },
      {
        "date": "2023-09-01",
        "close": 207.009537,
        "volume": 273721,
        "typical_volume": 684654.2,
        "trend": 218.447836,
        "fair_value": 128.817387,
        "relative_strength": -10.389854,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.721187,
        "energy": 67.426378,
        "activity_lines": [
          203.249274,
          207.599352,
          215.621603,
          217.489961
        ]
      },
      {
        "date": "2023-09-08",
        "close": 210.95491,
        "volume": 360744,
        "typical_volume": 612723.0,
        "trend": 217.69286,
        "fair_value": 129.961091,
        "relative_strength": -10.236393,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.862387,
        "energy": 56.038879,
        "activity_lines": [
          205.431402,
          207.499281,
          214.616825,
          217.006547
        ]
      },
      {
        "date": "2023-09-15",
        "close": 202.35936,
        "volume": 270546,
        "typical_volume": 585792.45,
        "trend": 217.399848,
        "fair_value": 131.037831,
        "relative_strength": -15.181093,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.181284,
        "energy": 41.460144,
        "activity_lines": [
          204.797053,
          206.023244,
          212.890839,
          216.017289
        ]
      },
      {
        "date": "2023-09-22",
        "close": 197.576508,
        "volume": 190247,
        "typical_volume": 570149.15,
        "trend": 217.190948,
        "fair_value": 132.098899,
        "relative_strength": -14.653356,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.601499,
        "energy": 39.804589,
        "activity_lines": [
          202.819983,
          204.055281,
          210.837254,
          214.738363
        ]
      },
      {
        "date": "2023-09-29",
        "close": 195.259033,
        "volume": 158731,
        "typical_volume": 556886.3,
        "trend": 216.625538,
        "fair_value": 133.115761,
        "relative_strength": -15.206823,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.59047,
        "energy": 43.581259,
        "activity_lines": [
          200.173242,
          202.052671,
          208.725007,
          213.323401
        ]
      },
      {
        "date": "2023-10-06",
        "close": 200.288437,
        "volume": 236592,
        "typical_volume": 527951.1,
        "trend": 216.055674,
        "fair_value": 134.177353,
        "relative_strength": -12.723061,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.460509,
        "energy": 42.661516,
        "activity_lines": [
          199.392098,
          201.305669,
          207.257415,
          212.269395
        ]
      },
      {
        "date": "2023-10-13",
        "close": 199.548813,
        "volume": 154848,
        "typical_volume": 509503.05,
        "trend": 215.545582,
        "fair_value": 135.243882,
        "relative_strength": -13.248756,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.147438,
        "energy": 45.092098,
        "activity_lines": [
          198.812486,
          200.705801,
          205.882436,
          211.204436
        ]
      },
      {
        "date": "2023-10-20",
        "close": 196.886169,
        "volume": 160292,
        "typical_volume": 377145.85,
        "trend": 215.225996,
        "fair_value": 136.285537,
        "relative_strength": -13.283807,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.224663,
        "energy": 42.340524,
        "activity_lines": [
          198.105732,
          199.842483,
          204.466836,
          210.000603
        ]
      },
      {
        "date": "2023-10-27",
        "close": 181.304916,
        "volume": 286815,
        "typical_volume": 324726.75,
        "trend": 214.370799,
        "fair_value": 137.237304,
        "relative_strength": -17.878494,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.151823,
        "energy": 57.230376,
        "activity_lines": [
          192.570107,
          196.314331,
          201.721743,
          207.812146
        ]
      },
      {
        "date": "2023-11-03",
        "close": 177.212357,
        "volume": 687229,
        "typical_volume": 324594.9,
        "trend": 213.260659,
        "fair_value": 138.161276,
        "relative_strength": -20.278662,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.667524,
        "energy": 69.732257,
        "activity_lines": [
          186.755068,
          192.365966,
          198.802296,
          205.414827
        ]
      },
      {
        "date": "2023-11-10",
        "close": 174.549728,
        "volume": 218775,
        "typical_volume": 307237.05,
        "trend": 212.201396,
        "fair_value": 139.051631,
        "relative_strength": -21.996808,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.976539,
        "energy": 82.73819,
        "activity_lines": [
          181.255598,
          188.313188,
          195.87901,
          202.917348
        ]
      },
      {
        "date": "2023-11-17",
        "close": 181.84729,
        "volume": 153957,
        "typical_volume": 299656.55,
        "trend": 210.549228,
        "fair_value": 139.985643,
        "relative_strength": -19.839663,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.639177,
        "energy": 79.015742,
        "activity_lines": [
          179.904562,
          186.177419,
          193.907355,
          200.959018
        ]
      },
      {
        "date": "2023-11-24",
        "close": 185.841232,
        "volume": 230546,
        "typical_volume": 299092.65,
        "trend": 209.103254,
        "fair_value": 140.928708,
        "relative_strength": -18.202352,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.753424,
        "energy": 66.164567,
        "activity_lines": [
          181.064942,
          185.29705,
          192.503624,
          199.364954
        ]
      },
      {
        "date": "2023-12-01",
        "close": 188.799698,
        "volume": 176653,
        "typical_volume": 288227.2,
        "trend": 207.676339,
        "fair_value": 141.870444,
        "relative_strength": -18.68614,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.63135,
        "energy": 43.944858,
        "activity_lines": [
          183.947807,
          185.254913,
          191.559226,
          198.055047
        ]
      },
      {
        "date": "2023-12-08",
        "close": 184.608521,
        "volume": 694583,
        "typical_volume": 310297.25,
        "trend": 206.161674,
        "fair_value": 142.789372,
        "relative_strength": -22.931387,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.68621,
        "energy": 31.570172,
        "activity_lines": [
          184.93396,
          184.610323,
          190.358744,
          196.566801
        ]
      },
      {
        "date": "2023-12-15",
        "close": 181.551453,
        "volume": 247890,
        "typical_volume": 310912.05,
        "trend": 204.395734,
        "fair_value": 143.65061,
        "relative_strength": -25.667386,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -48.151254,
        "energy": 31.429906,
        "activity_lines": [
          184.408013,
          183.603548,
          189.007184,
          194.979045
        ]
      },
      {
        "date": "2023-12-22",
        "close": 189.243469,
        "volume": 1082685,
        "typical_volume": 352512.65,
        "trend": 202.561475,
        "fair_value": 144.55741,
        "relative_strength": -21.836431,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.291073,
        "energy": 24.108714,
        "activity_lines": [
          185.97929,
          184.335994,
          188.551176,
          194.001479
        ]
      },
      {
        "date": "2023-12-29",
        "close": 186.432922,
        "volume": 319116,
        "typical_volume": 330122.6,
        "trend": 201.131977,
        "fair_value": 145.443696,
        "relative_strength": -23.862793,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -38.744773,
        "energy": 24.080177,
        "activity_lines": [
          186.120639,
          184.744801,
          187.934364,
          192.960927
        ]
      },
      {
        "date": "2024-01-05",
        "close": 187.91217,
        "volume": 322448,
        "typical_volume": 327959.8,
        "trend": 199.844332,
        "fair_value": 146.351641,
        "relative_strength": -22.547229,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.516853,
        "energy": 20.667617,
        "activity_lines": [
          186.715625,
          185.612621,
          187.552242,
          192.108037
        ]
      },
      {
        "date": "2024-01-12",
        "close": 204.035828,
        "volume": 648848,
        "typical_volume": 343763.3,
        "trend": 198.990232,
        "fair_value": 147.354825,
        "relative_strength": -16.076234,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 3.225245,
        "energy": 10.574812,
        "activity_lines": [
          192.744332,
          189.291883,
          188.759071,
          192.378456
        ]
      },
      {
        "date": "2024-01-19",
        "close": 210.938904,
        "volume": 1821461,
        "typical_volume": 421150.3,
        "trend": 198.406825,
        "fair_value": 148.425677,
        "relative_strength": -11.364144,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 31.064908,
        "energy": 29.423882,
        "activity_lines": [
          199.77891,
          193.738551,
          190.59505,
          193.149338
        ]
      },
      {
        "date": "2024-01-26",
        "close": 237.318588,
        "volume": 2789980,
        "typical_volume": 542612.1,
        "trend": 198.943034,
        "fair_value": 149.662507,
        "relative_strength": 1.433146,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 51.230469,
        "energy": 67.069347,
        "activity_lines": [
          213.647553,
          202.319904,
          194.924669,
          195.659774
        ]
      },
      {
        "date": "2024-02-02",
        "close": 255.858353,
        "volume": 2803687,
        "typical_volume": 669269.15,
        "trend": 200.033914,
        "fair_value": 151.015996,
        "relative_strength": 7.132161,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 65.255631,
        "energy": 84.570846,
        "activity_lines": [
          230.49111,
          213.263554,
          200.894439,
          199.33173
        ]
      },
      {
        "date": "2024-02-09",
        "close": 239.340225,
        "volume": 1585667,
        "typical_volume": 739040.15,
        "trend": 200.717067,
        "fair_value": 152.256106,
        "relative_strength": 0.915744,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 70.040748,
        "energy": 85.215243,
        "activity_lines": [
          237.200262,
          219.930869,
          205.036297,
          201.867621
        ]
      },
      {
        "date": "2024-02-16",
        "close": 243.580704,
        "volume": 732114,
        "typical_volume": 767709.3,
        "trend": 201.702307,
        "fair_value": 153.531205,
        "relative_strength": 1.62902,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.451037,
        "energy": 84.408984,
        "activity_lines": [
          241.894371,
          226.450262,
          209.383135,
          204.633017
        ]
      },
      {
        "date": "2024-02-23",
        "close": 235.642151,
        "volume": 385364,
        "typical_volume": 775147.9,
        "trend": 202.364479,
        "fair_value": 154.767592,
        "relative_strength": -2.260813,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.105409,
        "energy": 74.923161,
        "activity_lines": [
          241.305969,
          230.45406,
          212.743817,
          206.822685
        ]
      },
      {
        "date": "2024-03-01",
        "close": 226.914658,
        "volume": 395871,
        "typical_volume": 787199.05,
        "trend": 202.872117,
        "fair_value": 155.928988,
        "relative_strength": -6.095082,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.731257,
        "energy": 47.669394,
        "activity_lines": [
          236.161521,
          231.887574,
          215.104958,
          208.406567
        ]
      },
      {
        "date": "2024-03-08",
        "close": 199.795349,
        "volume": 510022,
        "typical_volume": 804685.55,
        "trend": 202.660869,
        "fair_value": 156.912483,
        "relative_strength": -17.357809,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 31.563726,
        "energy": 21.797701,
        "activity_lines": [
          222.670898,
          227.705374,
          214.752995,
          208.208066
        ]
      },
      {
        "date": "2024-03-15",
        "close": 177.064438,
        "volume": 955473,
        "typical_volume": 838118.45,
        "trend": 201.925723,
        "fair_value": 157.782114,
        "relative_strength": -24.585894,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 1.788786,
        "energy": 16.783919,
        "activity_lines": [
          205.340838,
          219.147327,
          212.222329,
          206.556683
        ]
      },
      {
        "date": "2024-03-22",
        "close": 174.944183,
        "volume": 469625,
        "typical_volume": 827238.25,
        "trend": 201.153997,
        "fair_value": 158.631598,
        "relative_strength": -25.160308,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "mixed",
        "direction": -22.220422,
        "energy": 33.217656,
        "activity_lines": [
          191.455745,
          210.401012,
          209.509927,
          204.815939
        ]
      },
      {
        "date": "2024-03-29",
        "close": 173.711487,
        "volume": 497101,
        "typical_volume": 841154.55,
        "trend": 200.044062,
        "fair_value": 159.506588,
        "relative_strength": -25.895769,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "mixed",
        "direction": -31.7675,
        "energy": 41.318805,
        "activity_lines": [
          181.735522,
          201.959508,
          206.690927,
          203.045454
        ]
      },
      {
        "date": "2024-04-05",
        "close": 194.420792,
        "volume": 1294979,
        "typical_volume": 898205.65,
        "trend": 199.492925,
        "fair_value": 160.50871,
        "relative_strength": -17.245306,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -22.510231,
        "energy": 34.135123,
        "activity_lines": [
          183.047112,
          197.960195,
          205.848233,
          202.682663
        ]
      },
      {
        "date": "2024-04-12",
        "close": 193.730484,
        "volume": 282758,
        "typical_volume": 900816.25,
        "trend": 199.205295,
        "fair_value": 161.498289,
        "relative_strength": -17.106244,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -20.354182,
        "energy": 34.670219,
        "activity_lines": [
          186.294857,
          194.615332,
          204.879921,
          202.310892
        ]
      },
      {
        "date": "2024-04-19",
        "close": 189.342087,
        "volume": 231680,
        "typical_volume": 903567.6,
        "trend": 198.930815,
        "fair_value": 162.468479,
        "relative_strength": -16.916391,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -16.243768,
        "energy": 19.87628,
        "activity_lines": [
          188.484127,
          191.602175,
          203.456099,
          201.674556
        ]
      },
      {
        "date": "2024-04-26",
        "close": 190.180328,
        "volume": 238173,
        "typical_volume": 880747.1,
        "trend": 198.761524,
        "fair_value": 163.437487,
        "relative_strength": -16.911422,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -3.27114,
        "energy": 9.209357,
        "activity_lines": [
          190.134301,
          189.650483,
          202.109526,
          201.110009
        ]
      },
      {
        "date": "2024-05-03",
        "close": 188.947632,
        "volume": 342895,
        "typical_volume": 885497.35,
        "trend": 198.383498,
        "fair_value": 164.396719,
        "relative_strength": -16.965328,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -1.949592,
        "energy": 8.84048,
        "activity_lines": [
          190.357833,
          188.445581,
          200.619022,
          200.476854
        ]
      },
      {
        "date": "2024-05-10",
        "close": 185.003006,
        "volume": 307914,
        "typical_volume": 846758.8,
        "trend": 197.898637,
        "fair_value": 165.333474,
        "relative_strength": -16.486295,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -15.660755,
        "energy": 16.31328,
        "activity_lines": [
          188.250747,
          187.372465,
          198.717619,
          199.613597
        ]
      },
      {
        "date": "2024-05-17",
        "close": 180.614594,
        "volume": 933038,
        "typical_volume": 877454.9,
        "trend": 197.356252,
        "fair_value": 166.203383,
        "relative_strength": -19.209162,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -30.277808,
        "energy": 28.03231,
        "activity_lines": [
          185.308709,
          186.263486,
          196.418465,
          198.498497
        ]
      },
      {
        "date": "2024-05-24",
        "close": 177.212357,
        "volume": 199455,
        "typical_volume": 871305.25,
        "trend": 197.219833,
        "fair_value": 167.014326,
        "relative_strength": -21.595298,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.611524,
        "energy": 49.05962,
        "activity_lines": [
          182.106985,
          184.884659,
          193.822994,
          197.198891
        ]
      },
      {
        "date": "2024-05-31",
        "close": 167.646637,
        "volume": 308720,
        "typical_volume": 854298.85,
        "trend": 196.900976,
        "fair_value": 167.740534,
        "relative_strength": -23.688618,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.653837,
        "energy": 64.676098,
        "activity_lines": [
          176.525336,
          181.763921,
          190.367454,
          195.290943
        ]
      },
      {
        "date": "2024-06-07",
        "close": 170.506485,
        "volume": 327987,
        "typical_volume": 779625.15,
        "trend": 196.766201,
        "fair_value": 168.465403,
        "relative_strength": -24.187596,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.536107,
        "energy": 66.333831,
        "activity_lines": [
          173.399216,
          179.295839,
          187.357562,
          193.588073
        ]
      },
      {
        "date": "2024-06-14",
        "close": 168.60321,
        "volume": 266849,
        "typical_volume": 653468.6,
        "trend": 196.324731,
        "fair_value": 169.171203,
        "relative_strength": -24.843936,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.279677,
        "energy": 72.812247,
        "activity_lines": [
          170.868081,
          176.539979,
          184.358942,
          191.771106
        ]
      },
      {
        "date": "2024-06-21",
        "close": 174.648346,
        "volume": 329923,
        "typical_volume": 529780.4,
        "trend": 195.951635,
        "fair_value": 169.905137,
        "relative_strength": -21.50787,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.280904,
        "energy": 66.241098,
        "activity_lines": [
          171.44531,
          175.352645,
          182.263264,
          190.372629
        ]
      },
      {
        "date": "2024-06-28",
        "close": 173.563583,
        "volume": 434579,
        "typical_volume": 472226.0,
        "trend": 195.443765,
        "fair_value": 170.622439,
        "relative_strength": -22.977849,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.682686,
        "energy": 48.466,
        "activity_lines": [
          172.058702,
          174.315029,
          180.450991,
          188.928239
        ]
      },
      {
        "date": "2024-07-05",
        "close": 169.717575,
        "volume": 487124,
        "typical_volume": 459976.5,
        "trend": 194.9474,
        "fair_value": 171.257012,
        "relative_strength": -24.952559,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.768738,
        "energy": 49.444553,
        "activity_lines": [
          171.633343,
          172.865022,
          178.585652,
          187.268484
        ]
      },
      {
        "date": "2024-07-12",
        "close": 172.814102,
        "volume": 507503,
        "typical_volume": 466083.45,
        "trend": 194.656155,
        "fair_value": 171.914557,
        "relative_strength": -23.485305,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.908412,
        "energy": 38.122828,
        "activity_lines": [
          172.102097,
          172.350069,
          177.366951,
          185.84053
        ]
      },
      {
        "date": "2024-07-19",
        "close": 164.402191,
        "volume": 233911,
        "typical_volume": 457985.45,
        "trend": 193.828112,
        "fair_value": 172.518491,
        "relative_strength": -26.662,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.905138,
        "energy": 44.415116,
        "activity_lines": [
          169.61304,
          170.599014,
          175.646296,
          183.888661
        ]
      },
      {
        "date": "2024-07-26",
        "close": 165.950439,
        "volume": 188409,
        "typical_volume": 441904.8,
        "trend": 193.145363,
        "fair_value": 173.116739,
        "relative_strength": -26.209472,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.495474,
        "energy": 43.720778,
        "activity_lines": [
          167.920133,
          169.50402,
          174.370772,
          182.090101
        ]
      },
      {
        "date": "2024-08-02",
        "close": 170.822067,
        "volume": 236374,
        "typical_volume": 405949.85,
        "trend": 192.575693,
        "fair_value": 173.750274,
        "relative_strength": -23.04012,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.897264,
        "energy": 38.630829,
        "activity_lines": [
          168.430963,
          169.561397,
          173.720378,
          180.649889
        ]
      },
      {
        "date": "2024-08-09",
        "close": 172.3013,
        "volume": 252239,
        "typical_volume": 395080.55,
        "trend": 191.517875,
        "fair_value": 174.414211,
        "relative_strength": -20.656744,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.923229,
        "energy": 34.985079,
        "activity_lines": [
          169.617638,
          170.003913,
          173.24059,
          179.341864
        ]
      },
      {
        "date": "2024-08-16",
        "close": 167.991791,
        "volume": 272553,
        "typical_volume": 383853.15,
        "trend": 190.086305,
        "fair_value": 175.070817,
        "relative_strength": -22.609746,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.060571,
        "energy": 32.774353,
        "activity_lines": [
          169.195562,
          169.578251,
          172.362957,
          177.824052
        ]
      },
      {
        "date": "2024-08-23",
        "close": 189.864746,
        "volume": 1469568,
        "typical_volume": 392582.6,
        "trend": 188.50451,
        "fair_value": 175.857644,
        "relative_strength": -13.029017,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -9.90884,
        "energy": 10.717106,
        "activity_lines": [
          176.385958,
          173.175212,
          173.5957,
          177.809758
        ]
      },
      {
        "date": "2024-08-30",
        "close": 181.265457,
        "volume": 625085,
        "typical_volume": 409698.95,
        "trend": 186.01808,
        "fair_value": 176.589971,
        "relative_strength": -17.701956,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -8.72051,
        "energy": 13.59998,
        "activity_lines": [
          179.012421,
          174.822093,
          174.031158,
          177.342722
        ]
      },
      {
        "date": "2024-09-06",
        "close": 165.871552,
        "volume": 861305,
        "typical_volume": 441180.2,
        "trend": 183.569124,
        "fair_value": 177.169916,
        "relative_strength": -22.853517,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -28.97297,
        "energy": 15.598916,
        "activity_lines": [
          175.486581,
          173.549771,
          173.059887,
          176.042946
        ]
      },
      {
        "date": "2024-09-13",
        "close": 169.164093,
        "volume": 482316,
        "typical_volume": 453387.35,
        "trend": 181.088571,
        "fair_value": 177.791886,
        "relative_strength": -22.30854,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -24.765296,
        "energy": 13.230354,
        "activity_lines": [
          173.388288,
          173.015947,
          172.513955,
          175.113589
        ]
      },
      {
        "date": "2024-09-20",
        "close": 165.960342,
        "volume": 339974,
        "typical_volume": 453241.3,
        "trend": 178.765844,
        "fair_value": 178.400501,
        "relative_strength": -24.453495,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -43.525686,
        "energy": 24.826685,
        "activity_lines": [
          170.431227,
          171.909687,
          171.762983,
          174.137574
        ]
      },
      {
        "date": "2024-09-27",
        "close": 167.30928,
        "volume": 226382,
        "typical_volume": 449164.7,
        "trend": 176.778998,
        "fair_value": 179.012455,
        "relative_strength": -24.361685,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -49.408273,
        "energy": 34.220692,
        "activity_lines": [
          168.059241,
          171.173302,
          171.249943,
          173.398441
        ]
      },
      {
        "date": "2024-10-04",
        "close": 167.39856,
        "volume": 262874,
        "typical_volume": 415656.5,
        "trend": 175.699105,
        "fair_value": 179.560973,
        "relative_strength": -20.162934,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -48.581721,
        "energy": 38.339672,
        "activity_lines": [
          167.220712,
          170.400293,
          170.829662,
          172.793252
        ]
      },
      {
        "date": "2024-10-11",
        "close": 166.843109,
        "volume": 277546,
        "typical_volume": 419561.05,
        "trend": 175.358394,
        "fair_value": 180.045358,
        "relative_strength": -19.636812,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -51.256938,
        "energy": 37.827452,
        "activity_lines": [
          167.121493,
          169.499964,
          170.419415,
          172.221897
        ]
      },
      {
        "date": "2024-10-18",
        "close": 161.229095,
        "volume": 163056,
        "typical_volume": 412277.85,
        "trend": 174.901224,
        "fair_value": 180.462221,
        "relative_strength": -21.344042,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -59.101174,
        "energy": 41.313634,
        "activity_lines": [
          165.086166,
          167.65125,
          169.523877,
          171.310329
        ]
      },
      {
        "date": "2024-10-25",
        "close": 154.603378,
        "volume": 323579,
        "typical_volume": 412057.45,
        "trend": 174.264287,
        "fair_value": 180.899994,
        "relative_strength": -21.907395,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.880633,
        "energy": 49.240686,
        "activity_lines": [
          161.371266,
          164.799173,
          168.027878,
          170.000791
        ]
      },
      {
        "date": "2024-11-01",
        "close": 165.07756,
        "volume": 131892,
        "typical_volume": 405309.6,
        "trend": 173.28618,
        "fair_value": 181.351829,
        "relative_strength": -16.565737,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.773359,
        "energy": 38.421483,
        "activity_lines": [
          161.904892,
          164.094918,
          167.60515,
          169.408099
        ]
      },
      {
        "date": "2024-11-08",
        "close": 165.613174,
        "volume": 250982,
        "typical_volume": 401362.55,
        "trend": 172.348936,
        "fair_value": 181.727792,
        "relative_strength": -15.328222,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.173547,
        "energy": 33.048217,
        "activity_lines": [
          162.765836,
          163.938724,
          167.250221,
          168.913066
        ]
      },
      {
        "date": "2024-11-15",
        "close": 161.14975,
        "volume": 155401,
        "typical_volume": 387403.65,
        "trend": 171.409191,
        "fair_value": 182.140399,
        "relative_strength": -14.977265,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.663439,
        "energy": 29.64321,
        "activity_lines": [
          162.257998,
          163.255585,
          166.513228,
          168.190538
        ]
      },
      {
        "date": "2024-11-22",
        "close": 151.171494,
        "volume": 322704,
        "typical_volume": 379182.65,
        "trend": 170.108897,
        "fair_value": 182.544932,
        "relative_strength": -20.912546,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.203509,
        "energy": 37.858101,
        "activity_lines": [
          158.803633,
          160.844068,
          164.885039,
          166.88488
        ]
      },
      {
        "date": "2024-11-29",
        "close": 151.3302,
        "volume": 137672,
        "typical_volume": 360691.1,
        "trend": 168.854982,
        "fair_value": 182.913952,
        "relative_strength": -20.985409,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.395763,
        "energy": 54.158312,
        "activity_lines": [
          156.072676,
          158.788546,
          163.36028,
          165.673351
        ]
      },
      {
        "date": "2024-12-06",
        "close": 152.431168,
        "volume": 199640,
        "typical_volume": 358977.55,
        "trend": 167.769254,
        "fair_value": 183.244131,
        "relative_strength": -21.675217,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.016814,
        "energy": 64.181948,
        "activity_lines": [
          153.92692,
          157.199202,
          162.042679,
          164.61375
        ]
      },
      {
        "date": "2024-12-13",
        "close": 153.234604,
        "volume": 251936,
        "typical_volume": 362153.9,
        "trend": 166.856588,
        "fair_value": 183.626607,
        "relative_strength": -21.112516,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.593962,
        "energy": 66.432046,
        "activity_lines": [
          152.892069,
          156.026448,
          160.8586,
          163.676031
        ]
      },
      {
        "date": "2024-12-20",
        "close": 146.152618,
        "volume": 208187,
        "typical_volume": 360744.55,
        "trend": 165.821264,
        "fair_value": 183.988352,
        "relative_strength": -20.471519,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.80679,
        "energy": 68.921616,
        "activity_lines": [
          150.321794,
          153.823587,
          159.060599,
          162.340291
        ]
      },
      {
        "date": "2024-12-27",
        "close": 143.811798,
        "volume": 96776,
        "typical_volume": 352971.4,
        "trend": 165.026769,
        "fair_value": 184.352265,
        "relative_strength": -21.998618,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.119239,
        "energy": 68.218479,
        "activity_lines": [
          147.971054,
          151.571313,
          157.157135,
          160.920325
        ]
      },
      {
        "date": "2025-01-03",
        "close": 142.661224,
        "volume": 145353,
        "typical_volume": 346611.4,
        "trend": 164.098594,
        "fair_value": 184.676954,
        "relative_strength": -22.718852,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.797003,
        "energy": 68.490645,
        "activity_lines": [
          145.727436,
          149.426522,
          155.279758,
          159.477387
        ]
      },
      {
        "date": "2025-01-10",
        "close": 139.636002,
        "volume": 398703,
        "typical_volume": 293068.15,
        "trend": 163.13302,
        "fair_value": 184.94572,
        "relative_strength": -21.850483,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.514958,
        "energy": 71.753915,
        "activity_lines": [
          143.053343,
          146.948821,
          153.234886,
          157.899155
        ]
      },
      {
        "date": "2025-01-17",
        "close": 137.820877,
        "volume": 258169,
        "typical_volume": 274722.35,
        "trend": 161.905438,
        "fair_value": 185.222834,
        "relative_strength": -21.350562,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.299695,
        "energy": 71.692253,
        "activity_lines": [
          140.627219,
          144.603671,
          151.256329,
          156.266114
        ]
      },
      {
        "date": "2025-01-24",
        "close": 138.287048,
        "volume": 95167,
        "typical_volume": 236415.45,
        "trend": 160.729553,
        "fair_value": 185.487012,
        "relative_strength": -19.656537,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.004437,
        "energy": 71.724219,
        "activity_lines": [
          139.384067,
          142.848594,
          149.529048,
          154.742347
        ]
      },
      {
        "date": "2025-01-31",
        "close": 130.60994,
        "volume": 186741,
        "typical_volume": 221636.7,
        "trend": 159.425965,
        "fair_value": 185.581768,
        "relative_strength": -24.258138,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -80.513398,
        "energy": 79.178682,
        "activity_lines": [
          136.10625,
          140.113364,
          147.201969,
          152.799146
        ]
      },
      {
        "date": "2025-02-07",
        "close": 148.840591,
        "volume": 724361,
        "typical_volume": 240856.05,
        "trend": 158.626848,
        "fair_value": 185.684419,
        "relative_strength": -12.807308,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.693368,
        "energy": 45.664958,
        "activity_lines": [
          139.785441,
          141.066644,
          146.794734,
          152.116219
        ]
      },
      {
        "date": "2025-02-14",
        "close": 135.866882,
        "volume": 118649,
        "typical_volume": 235469.4,
        "trend": 157.675671,
        "fair_value": 185.640522,
        "relative_strength": -17.090176,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.542247,
        "energy": 44.474389,
        "activity_lines": [
          138.728104,
          139.706334,
          145.23343,
          150.647834
        ]
      },
      {
        "date": "2025-02-21",
        "close": 134.111267,
        "volume": 137641,
        "typical_volume": 229207.75,
        "trend": 156.614366,
        "fair_value": 185.639075,
        "relative_strength": -16.622644,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.723122,
        "energy": 45.272568,
        "activity_lines": [
          137.336838,
          138.327991,
          143.654651,
          149.12755
        ]
      },
      {
        "date": "2025-02-28",
        "close": 124.440491,
        "volume": 143505,
        "typical_volume": 222505.7,
        "trend": 155.068313,
        "fair_value": 185.560961,
        "relative_strength": -19.290756,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.875227,
        "energy": 49.26488,
        "activity_lines": [
          132.969286,
          135.539021,
          141.313355,
          147.051816
        ]
      },
      {
        "date": "2025-03-07",
        "close": 132.008484,
        "volume": 334485,
        "typical_volume": 231077.15,
        "trend": 153.725219,
        "fair_value": 185.448618,
        "relative_strength": -15.298442,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.854237,
        "energy": 46.510218,
        "activity_lines": [
          132.047503,
          134.520816,
          139.894739,
          145.564085
        ]
      },
      {
        "date": "2025-03-14",
        "close": 117.328758,
        "volume": 473105,
        "typical_volume": 238553.45,
        "trend": 152.036451,
        "fair_value": 185.243735,
        "relative_strength": -23.599924,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.305424,
        "energy": 64.248845,
        "activity_lines": [
          126.139241,
          131.048175,
          137.217199,
          143.215926
        ]
      },
      {
        "date": "2025-03-21",
        "close": 146.698135,
        "volume": 832551,
        "typical_volume": 273586.4,
        "trend": 150.597564,
        "fair_value": 185.187153,
        "relative_strength": -7.953127,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -48.352666,
        "energy": 34.156211,
        "activity_lines": [
          132.121561,
          133.376012,
          137.514241,
          142.871518
        ]
      },
      {
        "date": "2025-03-28",
        "close": 129.667664,
        "volume": 373128,
        "typical_volume": 279693.7,
        "trend": 148.877638,
        "fair_value": 184.961452,
        "relative_strength": -18.704173,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.359966,
        "energy": 30.951311,
        "activity_lines": [
          131.704973,
          132.478997,
          136.276854,
          141.521202
        ]
      },
      {
        "date": "2025-04-04",
        "close": 138.386246,
        "volume": 145134,
        "typical_volume": 279180.35,
        "trend": 147.961461,
        "fair_value": 184.833166,
        "relative_strength": -10.248639,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.185969,
        "energy": 20.1399,
        "activity_lines": [
          134.490819,
          133.315418,
          136.040977,
          140.844338
        ]
      },
      {
        "date": "2025-04-11",
        "close": 141.917313,
        "volume": 160292,
        "typical_volume": 271059.75,
        "trend": 147.053235,
        "fair_value": 184.756865,
        "relative_strength": -7.018716,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -26.17796,
        "energy": 17.043823,
        "activity_lines": [
          137.523971,
          134.792049,
          136.249791,
          140.454393
        ]
      },
      {
        "date": "2025-04-18",
        "close": 141.927231,
        "volume": 88315,
        "typical_volume": 268591.9,
        "trend": 146.252131,
        "fair_value": 184.747133,
        "relative_strength": -10.330558,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -21.943228,
        "energy": 12.875245,
        "activity_lines": [
          139.899841,
          136.064894,
          136.503616,
          140.123683
        ]
      },
      {
        "date": "2025-04-25",
        "close": 140.528687,
        "volume": 118823,
        "typical_volume": 264551.05,
        "trend": 145.359445,
        "fair_value": 184.738739,
        "relative_strength": -11.229049,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -10.491708,
        "energy": 10.67089,
        "activity_lines": [
          140.16963,
          137.209156,
          136.669022,
          139.754429
        ]
      },
      {
        "date": "2025-05-02",
        "close": 130.986862,
        "volume": 173865,
        "typical_volume": 260647.5,
        "trend": 144.145722,
        "fair_value": 184.699779,
        "relative_strength": -17.572549,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -22.969654,
        "energy": 11.387346,
        "activity_lines": [
          137.670108,
          136.53378,
          135.982362,
          138.827165
        ]
      },
      {
        "date": "2025-05-09",
        "close": 126.265549,
        "volume": 103939,
        "typical_volume": 255435.1,
        "trend": 142.793136,
        "fair_value": 184.750763,
        "relative_strength": -18.672897,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -40.148296,
        "energy": 19.995629,
        "activity_lines": [
          133.508869,
          135.056791,
          134.951995,
          137.673606
        ]
      },
      {
        "date": "2025-05-16",
        "close": 133.803772,
        "volume": 245326,
        "typical_volume": 262862.6,
        "trend": 141.878959,
        "fair_value": 184.796677,
        "relative_strength": -16.63554,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -31.012451,
        "energy": 20.936379,
        "activity_lines": [
          132.668416,
          134.917206,
          134.734254,
          137.093647
        ]
      },
      {
        "date": "2025-05-23",
        "close": 136.045425,
        "volume": 157793,
        "typical_volume": 263484.6,
        "trend": 141.26036,
        "fair_value": 184.86383,
        "relative_strength": -14.092323,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -32.05182,
        "energy": 20.979908,
        "activity_lines": [
          133.116085,
          135.152552,
          134.777661,
          136.71729
        ]
      },
      {
        "date": "2025-05-30",
        "close": 131.264587,
        "volume": 114948,
        "typical_volume": 249296.85,
        "trend": 140.133261,
        "fair_value": 184.898776,
        "relative_strength": -16.227762,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -45.651487,
        "energy": 27.648606,
        "activity_lines": [
          132.362261,
          134.178352,
          134.397254,
          136.072401
        ]
      },
      {
        "date": "2025-06-06",
        "close": 126.940018,
        "volume": 220905,
        "typical_volume": 247433.65,
        "trend": 138.844156,
        "fair_value": 184.933476,
        "relative_strength": -19.254925,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -53.136509,
        "energy": 27.852808,
        "activity_lines": [
          130.78452,
          132.698476,
          133.644847,
          135.221224
        ]
      },
      {
        "date": "2025-06-13",
        "close": 127.743431,
        "volume": 215041,
        "typical_volume": 253427.35,
        "trend": 137.730612,
        "fair_value": 185.045452,
        "relative_strength": -17.298585,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -51.807167,
        "energy": 30.13585,
        "activity_lines": [
          129.744374,
          131.414269,
          133.020769,
          134.505048
        ]
      },
      {
        "date": "2025-06-20",
        "close": 125.362938,
        "volume": 181314,
        "typical_volume": 253156.0,
        "trend": 136.870327,
        "fair_value": 185.118438,
        "relative_strength": -19.508165,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -57.202989,
        "energy": 45.205723,
        "activity_lines": [
          127.812204,
          129.890751,
          132.220186,
          133.707134
        ]
      },
      {
        "date": "2025-06-27",
        "close": 126.414322,
        "volume": 194786,
        "typical_volume": 226677.25,
        "trend": 136.039798,
        "fair_value": 185.162258,
        "relative_strength": -19.925939,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.585149,
        "energy": 50.65526,
        "activity_lines": [
          126.793219,
          128.859382,
          131.54472,
          133.032553
        ]
      },
      {
        "date": "2025-07-04",
        "close": 124.857079,
        "volume": 192710,
        "typical_volume": 230380.3,
        "trend": 135.120661,
        "fair_value": 185.133025,
        "relative_strength": -19.844085,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.539635,
        "energy": 52.970688,
        "activity_lines": [
          125.897225,
          127.826931,
          130.827736,
          132.311087
        ]
      },
      {
        "date": "2025-07-11",
        "close": 128.566681,
        "volume": 204046,
        "typical_volume": 233700.55,
        "trend": 134.298397,
        "fair_value": 185.085419,
        "relative_strength": -15.928508,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.028669,
        "energy": 44.89867,
        "activity_lines": [
          126.664933,
          127.753892,
          130.516476,
          131.88825
        ]
      },
      {
        "date": "2025-07-18",
        "close": 136.333054,
        "volume": 242179,
        "typical_volume": 238634.25,
        "trend": 133.971079,
        "fair_value": 185.033583,
        "relative_strength": -9.848095,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -24.410173,
        "energy": 12.719045,
        "activity_lines": [
          129.912988,
          129.136924,
          130.971273,
          132.019518
        ]
      },
      {
        "date": "2025-07-25",
        "close": 131.968826,
        "volume": 275717,
        "typical_volume": 235695.85,
        "trend": 133.576313,
        "fair_value": 184.713039,
        "relative_strength": -11.889384,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -28.952863,
        "energy": 15.137632,
        "activity_lines": [
          131.133658,
          129.543414,
          130.953798,
          131.89034
        ]
      },
      {
        "date": "2025-08-01",
        "close": 130.104095,
        "volume": 83914,
        "typical_volume": 216236.3,
        "trend": 133.157742,
        "fair_value": 184.389285,
        "relative_strength": -11.719237,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -25.852752,
        "energy": 16.794077,
        "activity_lines": [
          131.292359,
          129.644224,
          130.758919,
          131.666326
        ]
      },
      {
        "date": "2025-08-08",
        "close": 123.428787,
        "volume": 160186,
        "typical_volume": 182618.05,
        "trend": 132.617501,
        "fair_value": 183.948742,
        "relative_strength": -15.007951,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -43.909133,
        "energy": 19.499276,
        "activity_lines": [
          128.979972,
          128.639367,
          129.867461,
          131.038652
        ]
      },
      {
        "date": "2025-08-15",
        "close": 122.615448,
        "volume": 86374,
        "typical_volume": 168280.35,
        "trend": 132.110654,
        "fair_value": 183.503609,
        "relative_strength": -15.980514,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.580127,
        "energy": 40.762257,
        "activity_lines": [
          126.491692,
          127.629099,
          129.009349,
          130.393358
        ]
      },
      {
        "date": "2025-08-22",
        "close": 123.686668,
        "volume": 122774,
        "typical_volume": 167162.35,
        "trend": 131.623974,
        "fair_value": 183.116237,
        "relative_strength": -15.324981,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -53.999761,
        "energy": 52.032442,
        "activity_lines": [
          124.757234,
          126.892226,
          128.286839,
          129.849875
        ]
      },
      {
        "date": "2025-08-29",
        "close": 123.139999,
        "volume": 82390,
        "typical_volume": 163267.25,
        "trend": 131.374976,
        "fair_value": 182.565186,
        "relative_strength": -13.563387,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.228939,
        "energy": 59.136776,
        "activity_lines": [
          123.683645,
          126.129719,
          127.582264,
          129.302522
        ]
      },
      {
        "date": "2025-09-05",
        "close": 123.760002,
        "volume": 161420,
        "typical_volume": 166922.5,
        "trend": 130.538957,
        "fair_value": 181.970338,
        "relative_strength": -13.755736,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.060719,
        "energy": 56.462743,
        "activity_lines": [
          123.405313,
          125.520356,
          127.026152,
          128.811233
        ]
      },
      {
        "date": "2025-09-12",
        "close": 124.059998,
        "volume": 143116,
        "typical_volume": 168137.15,
        "trend": 130.145394,
        "fair_value": 181.393648,
        "relative_strength": -14.338912,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.282621,
        "energy": 44.809584,
        "activity_lines": [
          123.649919,
          125.013799,
          126.585123,
          128.393236
        ]
      },
      {
        "date": "2025-09-19",
        "close": 130.639999,
        "volume": 263819,
        "typical_volume": 172634.85,
        "trend": 130.029685,
        "fair_value": 180.834472,
        "relative_strength": -10.1719,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -27.861245,
        "energy": 16.514253,
        "activity_lines": [
          126.045777,
          125.718098,
          126.849182,
          128.425146
        ]
      },
      {
        "date": "2025-09-26",
        "close": 126.839996,
        "volume": 126168,
        "typical_volume": 173746.3,
        "trend": 130.109668,
        "fair_value": 180.326185,
        "relative_strength": -10.030832,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -31.414895,
        "energy": 14.902248,
        "activity_lines": [
          126.639998,
          125.69379,
          126.752988,
          128.21936
        ]
      },
      {
        "date": "2025-10-03",
        "close": 147.029999,
        "volume": 1003340,
        "typical_volume": 211647.0,
        "trend": 130.610386,
        "fair_value": 179.853027,
        "relative_strength": 3.560324,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 39.201173,
        "energy": 32.696439,
        "activity_lines": [
          133.753998,
          129.512993,
          128.576916,
          129.310994
        ]
      },
      {
        "date": "2025-10-10",
        "close": 138.809998,
        "volume": 538899,
        "typical_volume": 230702.3,
        "trend": 131.326427,
        "fair_value": 179.455504,
        "relative_strength": -3.352715,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 25.787161,
        "energy": 34.477159,
        "activity_lines": [
          136.535331,
          131.563811,
          129.555004,
          129.840001
        ]
      },
      {
        "date": "2025-10-17",
        "close": 138.789993,
        "volume": 233717,
        "typical_volume": 236640.75,
        "trend": 131.062822,
        "fair_value": 179.045051,
        "relative_strength": -4.610575,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 32.716746,
        "energy": 50.927046,
        "activity_lines": [
          138.306663,
          133.452703,
          130.518023,
          130.321521
        ]
      },
      {
        "date": "2025-10-24",
        "close": 142.330002,
        "volume": 117020,
        "typical_volume": 231446.5,
        "trend": 131.4849,
        "fair_value": 178.711931,
        "relative_strength": -2.209959,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 40.49715,
        "energy": 59.947456,
        "activity_lines": [
          140.275998,
          135.705938,
          131.78235,
          131.048436
        ]
      },
      {
        "date": "2025-10-31",
        "close": 139.820007,
        "volume": 133921,
        "typical_volume": 227390.5,
        "trend": 131.532692,
        "fair_value": 178.345861,
        "relative_strength": -3.214258,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 58.930674,
        "energy": 57.522577,
        "activity_lines": [
          140.629334,
          137.144363,
          132.734345,
          131.586185
        ]
      },
      {
        "date": "2025-11-07",
        "close": 136.880005,
        "volume": 69833,
        "typical_volume": 221816.45,
        "trend": 131.364782,
        "fair_value": 177.924413,
        "relative_strength": -3.905404,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.428954,
        "energy": 39.573797,
        "activity_lines": [
          139.137336,
          137.75491,
          133.348831,
          131.931173
        ]
      },
      {
        "date": "2025-11-14",
        "close": 123.739998,
        "volume": 316759,
        "typical_volume": 227915.1,
        "trend": 130.758541,
        "fair_value": 177.497417,
        "relative_strength": -13.916853,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 18.242268,
        "energy": 11.10798,
        "activity_lines": [
          133.942002,
          135.726546,
          132.657046,
          131.439251
        ]
      },
      {
        "date": "2025-11-21",
        "close": 129.300003,
        "volume": 282353,
        "typical_volume": 232397.25,
        "trend": 130.384251,
        "fair_value": 177.093261,
        "relative_strength": -10.169954,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 21.535828,
        "energy": 16.397243,
        "activity_lines": [
          131.604669,
          134.709456,
          132.507519,
          131.345152
        ]
      },
      {
        "date": "2025-11-28",
        "close": 125.650002,
        "volume": 253978,
        "typical_volume": 234893.85,
        "trend": 130.206356,
        "fair_value": 176.646661,
        "relative_strength": -12.70612,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -6.545929,
        "energy": 16.632647,
        "activity_lines": [
          128.683336,
          132.933456,
          131.989217,
          131.039717
        ]
      },
      {
        "date": "2025-12-05",
        "close": 118.160004,
        "volume": 304538,
        "typical_volume": 238011.8,
        "trend": 129.936171,
        "fair_value": 176.158918,
        "relative_strength": -17.376502,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -29.680353,
        "energy": 30.232249,
        "activity_lines": [
          124.377336,
          129.886366,
          130.77147,
          130.262533
        ]
      },
      {
        "date": "2025-12-12",
        "close": 116.720001,
        "volume": 262303,
        "typical_volume": 237341.1,
        "trend": 129.366712,
        "fair_value": 175.671622,
        "relative_strength": -17.450525,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -30.240667,
        "energy": 43.07284,
        "activity_lines": [
          121.035335,
          126.735275,
          129.503118,
          129.409877
        ]
      },
      {
        "date": "2025-12-19",
        "close": 115.110001,
        "volume": 438188,
        "typical_volume": 255054.8,
        "trend": 128.668865,
        "fair_value": 175.144969,
        "relative_strength": -17.82336,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -67.437878,
        "energy": 63.028886,
        "activity_lines": [
          118.500669,
          123.842547,
          128.154047,
          128.490089
        ]
      },
      {
        "date": "2025-12-26",
        "close": 112.669998,
        "volume": 527675,
        "typical_volume": 273429.25,
        "trend": 128.049045,
        "fair_value": 174.432821,
        "relative_strength": -19.307025,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.110097,
        "energy": 65.899989,
        "activity_lines": [
          115.728,
          120.937092,
          126.643995,
          127.457904
        ]
      },
      {
        "date": "2026-01-02",
        "close": 109.220001,
        "volume": 605066,
        "typical_volume": 299363.85,
        "trend": 127.458378,
        "fair_value": 173.588964,
        "relative_strength": -22.127043,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.545123,
        "energy": 70.341315,
        "activity_lines": [
          112.914,
          117.879274,
          124.856604,
          126.243127
        ]
      },
      {
        "date": "2026-01-09",
        "close": 111.919998,
        "volume": 490697,
        "typical_volume": 317760.0,
        "trend": 126.93093,
        "fair_value": 172.810498,
        "relative_strength": -17.721448,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.157998,
        "energy": 64.965288,
        "activity_lines": [
          112.095333,
          115.914364,
          123.390143,
          125.240651
        ]
      },
      {
        "date": "2026-01-16",
        "close": 106.75,
        "volume": 211529,
        "typical_volume": 324216.95,
        "trend": 126.310499,
        "fair_value": 171.779705,
        "relative_strength": -21.044169,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.919013,
        "energy": 70.370457,
        "activity_lines": [
          109.969333,
          113.516728,
          121.487334,
          123.938655
        ]
      },
      {
        "date": "2026-01-23",
        "close": 104.139999,
        "volume": 181643,
        "typical_volume": 325228.1,
        "trend": 125.568021,
        "fair_value": 170.904845,
        "relative_strength": -20.456794,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.977841,
        "energy": 71.561374,
        "activity_lines": [
          107.637999,
          111.192364,
          119.414,
          122.5083
        ]
      },
      {
        "date": "2026-01-30",
        "close": 102.949997,
        "volume": 108840,
        "typical_volume": 323514.3,
        "trend": 124.837785,
        "fair_value": 170.052643,
        "relative_strength": -21.781621,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.347237,
        "energy": 68.488403,
        "activity_lines": [
          105.641332,
          109.007999,
          117.320762,
          121.049073
        ]
      },
      {
        "date": "2026-02-06",
        "close": 110.57,
        "volume": 184705,
        "typical_volume": 319558.6,
        "trend": 124.237896,
        "fair_value": 169.263962,
        "relative_strength": -16.590357,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.892799,
        "energy": 50.753176,
        "activity_lines": [
          106.832666,
          108.688181,
          116.053762,
          120.128571
        ]
      },
      {
        "date": "2026-02-13",
        "close": 104.889999,
        "volume": 401758,
        "typical_volume": 333338.1,
        "trend": 123.189794,
        "fair_value": 168.58281,
        "relative_strength": -19.642247,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.750289,
        "energy": 47.139419,
        "activity_lines": [
          106.040666,
          107.609817,
          114.341381,
          118.880319
        ]
      },
      {
        "date": "2026-02-20",
        "close": 101.809998,
        "volume": 337599,
        "typical_volume": 300051.05,
        "trend": 122.1845,
        "fair_value": 167.928749,
        "relative_strength": -21.748928,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.751141,
        "energy": 48.428385,
        "activity_lines": [
          104.690665,
          106.212726,
          112.44019,
          117.500978
        ]
      },
      {
        "date": "2026-02-27",
        "close": 101.5,
        "volume": 229411,
        "typical_volume": 284576.65,
        "trend": 121.23103,
        "fair_value": 167.218997,
        "relative_strength": -20.290754,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.781719,
        "energy": 47.327333,
        "activity_lines": [
          103.566666,
          105.030363,
          110.724809,
          116.166494
        ]
      },
      {
        "date": "2026-03-06",
        "close": 101.110001,
        "volume": 218756,
        "typical_volume": 283828.6,
        "trend": 120.48707,
        "fair_value": 166.473649,
        "relative_strength": -17.694482,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.027602,
        "energy": 52.176928,
        "activity_lines": [
          102.488666,
          104.024545,
          109.149952,
          114.868363
        ]
      },
      {
        "date": "2026-03-13",
        "close": 95.709999,
        "volume": 202973,
        "typical_volume": 288126.25,
        "trend": 119.590222,
        "fair_value": 165.709921,
        "relative_strength": -17.368226,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.267549,
        "energy": 62.28292,
        "activity_lines": [
          99.733333,
          102.24709,
          107.240238,
          113.269842
        ]
      },
      {
        "date": "2026-03-20",
        "close": 96.489998,
        "volume": 218217,
        "typical_volume": 292341.05,
        "trend": 118.683667,
        "fair_value": 165.004897,
        "relative_strength": -15.881306,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.770366,
        "energy": 62.825608,
        "activity_lines": [
          98.228666,
          100.85709,
          105.626809,
          111.779505
        ]
      },
      {
        "date": "2026-03-27",
        "close": 89.839996,
        "volume": 323470,
        "typical_volume": 305022.9,
        "trend": 117.573666,
        "fair_value": 164.254122,
        "relative_strength": -20.178962,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -78.97399,
        "energy": 74.435176,
        "activity_lines": [
          95.067331,
          98.538544,
          103.58638,
          109.918623
        ]
      },
      {
        "date": "2026-04-03",
        "close": 97.489998,
        "volume": 218918,
        "typical_volume": 300130.85,
        "trend": 116.698,
        "fair_value": 163.529593,
        "relative_strength": -12.378196,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.000261,
        "energy": 58.227191,
        "activity_lines": [
          95.253998,
          97.918362,
          102.498523,
          108.622903
        ]
      },
      {
        "date": "2026-04-10",
        "close": 103.230003,
        "volume": 186683,
        "typical_volume": 295347.35,
        "trend": 116.003666,
        "fair_value": 162.868711,
        "relative_strength": -11.711912,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.934448,
        "energy": 42.739881,
        "activity_lines": [
          97.621333,
          98.462726,
          102.082333,
          107.754
        ]
      },
      {
        "date": "2026-04-17",
        "close": 102.93,
        "volume": 76828,
        "typical_volume": 286489.85,
        "trend": 115.08,
        "fair_value": 162.045106,
        "relative_strength": -12.466665,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -43.259428,
        "energy": 30.506866,
        "activity_lines": [
          99.747333,
          98.947454,
          101.761714,
          106.910537
        ]
      },
      {
        "date": "2026-04-24",
        "close": 100.900002,
        "volume": 119518,
        "typical_volume": 277238.85,
        "trend": 114.215333,
        "fair_value": 161.222539,
        "relative_strength": -11.987994,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.523687,
        "energy": 19.671004,
        "activity_lines": [
          100.715334,
          99.202,
          101.355952,
          105.995699
        ]
      },
      {
        "date": "2026-05-01",
        "close": 103.800003,
        "volume": 57741,
        "typical_volume": 267010.75,
        "trend": 112.774333,
        "fair_value": 160.403262,
        "relative_strength": -9.451389,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -30.544044,
        "energy": 19.796065,
        "activity_lines": [
          102.356002,
          100.056364,
          101.308571,
          105.323742
        ]
      },
      {
        "date": "2026-05-08",
        "close": 107.870003,
        "volume": 181414,
        "typical_volume": 254172.05,
        "trend": 111.743,
        "fair_value": 159.620067,
        "relative_strength": -6.295292,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -15.528845,
        "energy": 14.952089,
        "activity_lines": [
          104.422669,
          101.614547,
          101.710333,
          105.007333
        ]
      },
      {
        "date": "2026-05-15",
        "close": 100.019997,
        "volume": 118307,
        "typical_volume": 233703.65,
        "trend": 110.450667,
        "fair_value": 158.757826,
        "relative_strength": -10.754238,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -21.675957,
        "energy": 13.604431,
        "activity_lines": [
          103.180667,
          101.629637,
          101.398952,
          104.251011
        ]
      },
      {
        "date": "2026-05-22",
        "close": 110.25,
        "volume": 324601,
        "typical_volume": 219680.4,
        "trend": 109.381334,
        "fair_value": 157.898715,
        "relative_strength": -1.61094,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 0.943845,
        "energy": 10.26632,
        "activity_lines": [
          105.562667,
          103.524546,
          102.122095,
          104.238064
        ]
      },
      {
        "date": "2026-05-29",
        "close": 110.800003,
        "volume": 175120,
        "typical_volume": 203901.55,
        "trend": 108.414,
        "fair_value": 157.138985,
        "relative_strength": -0.156644,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 2.071116,
        "energy": 13.846538,
        "activity_lines": [
          107.640001,
          105.255092,
          102.892715,
          104.329591
        ]
      },
      {
        "date": "2026-06-05",
        "close": 107.900002,
        "volume": 52383,
        "typical_volume": 195944.25,
        "trend": 107.448,
        "fair_value": 156.378463,
        "relative_strength": -1.832524,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 12.321803,
        "energy": 21.057911,
        "activity_lines": [
          108.090668,
          106.198183,
          103.392477,
          104.29643
        ]
      },
      {
        "date": "2026-06-12",
        "close": 105.889999,
        "volume": 17918,
        "typical_volume": 187758.0,
        "trend": 106.853,
        "fair_value": 155.585073,
        "relative_strength": -4.438292,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 13.108527,
        "energy": 21.702599,
        "activity_lines": [
          107.598001,
          106.447455,
          103.695334,
          104.195914
        ]
      },
      {
        "date": "2026-06-19",
        "close": 118.410004,
        "volume": 106482,
        "typical_volume": 187640.1,
        "trend": 106.49,
        "fair_value": 154.879745,
        "relative_strength": 5.150417,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 41.832229,
        "energy": 43.954781,
        "activity_lines": [
          111.410669,
          108.820365,
          105.182239,
          104.941527
        ]
      },
      {
        "date": "2026-06-26",
        "close": 127.239998,
        "volume": 0,
        "typical_volume": 178404.85,
        "trend": 106.543,
        "fair_value": 154.27723,
        "relative_strength": 12.624527,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 54.75111,
        "energy": 63.011195,
        "activity_lines": [
          116.940667,
          112.522728,
          107.436477,
          106.280237
        ]
      },
      {
        "date": "2026-07-03",
        "close": 130.0,
        "volume": 30726,
        "typical_volume": 159853.25,
        "trend": 106.937667,
        "fair_value": 153.680231,
        "relative_strength": 13.838039,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 83.055078,
        "energy": 84.784973,
        "activity_lines": [
          122.258,
          116.28491,
          109.874191,
          107.793592
        ]
      },
      {
        "date": "2026-07-10",
        "close": 122.379997,
        "volume": 427693,
        "typical_volume": 164357.95,
        "trend": 107.126333,
        "fair_value": 153.061861,
        "relative_strength": 7.473276,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.490518,
        "energy": 79.176442,
        "activity_lines": [
          123.755332,
          118.132545,
          111.466619,
          108.789871
        ]
      },
      {
        "date": "2026-07-17",
        "close": 129.059998,
        "volume": 268753,
        "typical_volume": 166325.05,
        "trend": 107.591333,
        "fair_value": 152.517223,
        "relative_strength": 12.818453,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.077401,
        "energy": 81.259242,
        "activity_lines": [
          126.513999,
          120.856909,
          113.597286,
          110.204946
        ]
      },
      {
        "date": "2026-07-24",
        "close": 137.729996,
        "volume": 353202,
        "typical_volume": 173047.35,
        "trend": 108.426666,
        "fair_value": 152.016922,
        "relative_strength": 23.026515,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 81.738157,
        "energy": 84.508246,
        "activity_lines": [
          130.617997,
          124.772362,
          116.422428,
          112.149376
        ]
      },
      {
        "date": "2026-07-31",
        "close": 133.139999,
        "volume": 142223,
        "typical_volume": 170009.85,
        "trend": 109.224,
        "fair_value": 151.513425,
        "relative_strength": 15.843809,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.925286,
        "energy": 61.36914,
        "activity_lines": [
          131.903998,
          127.167635,
          118.636047,
          113.743785
        ]
      },
      {
        "date": "2026-08-07",
        "close": 145.169998,
        "volume": 730651,
        "typical_volume": 195631.55,
        "trend": 110.332333,
        "fair_value": 151.122638,
        "relative_strength": 24.920225,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.066745,
        "energy": 72.266749,
        "activity_lines": [
          136.806664,
          131.333998,
          121.817142,
          116.062881
        ]
      }
    ],
    "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."
    }
  }
}