{
  "ticker": {
    "uuid": "e860537d-4717-4df8-ae66-74ce0a933ef0",
    "symbol": "6982",
    "name": "Walrus Pump Co., Ltd.",
    "exchange": "TWO",
    "country": "TW",
    "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": "2026-08-14",
    "benchmark": "^TWII",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -62.46,
    "architecture_energy": 62.244,
    "architecture_maturity": 13.943,
    "architecture_confidence": 84.6,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 16.21,
        "rotation_up": 10.62,
        "upward_expansion": 12.96,
        "deceleration": 38.37,
        "rotation_down": 73.27,
        "downward_expansion": 90.96
      },
      "activity_lines": [
        48.770001,
        50.243957,
        52.035444,
        52.597267
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -1.0
    },
    "latest_close": 48.650002,
    "trend_reference": 54.013107,
    "distance_from_trend": -0.099293,
    "trend_direction": "Weakening",
    "fair_value": 57.619975,
    "distance_from_fair_value": -0.155675,
    "fair_value_direction": "Weakening",
    "relative_strength": -42.479906,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.184143,
    "excess_performance": -0.625515,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.099293,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.057722,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.155675,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.026677,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.424799,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.010252,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.184143,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.877937,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 164050,
      "relative_activity": 0.472255,
      "balance": 0.877937,
      "dry_up": 0.485932,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.085934,
      "annualized_volatility": 0.34051,
      "from_high_reference": -0.378732,
      "from_low_reference": 0.081111
    },
    "levels": {
      "trend_reference": 54.013107,
      "fair_value_reference": 57.619975,
      "structural_low": 45.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 7,
        "median_return": 0.113422,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.285714,
        "median_excess_return": 0.016222,
        "regime_survival": 0.714286,
        "best_return": 0.134796,
        "worst_return": -0.117148,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.152386,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.058995,
        "regime_survival": 0.5,
        "best_return": 0.341809,
        "worst_return": -0.037037,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": 0.50134,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.103304,
        "regime_survival": 0.0,
        "best_return": 0.50134,
        "worst_return": 0.50134,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.287175,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.597446,
        "regime_survival": 1.0,
        "best_return": 0.287175,
        "worst_return": 0.287175,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-06-20",
        "tenure": "Developing",
        "return": 0.289361,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-27",
        "end": "2025-07-04",
        "tenure": "New",
        "return": -0.029126,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-11",
        "end": "2025-08-22",
        "tenure": "Developing",
        "return": 0.257329,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-29",
        "end": "2025-10-03",
        "tenure": "Developing",
        "return": -0.055405,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-10",
        "end": "2025-11-28",
        "tenure": "Developing",
        "return": -0.066958,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-12-05",
        "end": "2026-01-02",
        "tenure": "Developing",
        "return": -0.003067,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-09",
        "end": "2026-02-06",
        "tenure": "Developing",
        "return": -0.039185,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-02-13",
        "end": "2026-05-29",
        "tenure": "Established",
        "return": -0.06734,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-06-05",
        "end": "2026-07-24",
        "tenure": "Developing",
        "return": -0.166217,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-07-31",
        "end": "2026-08-14",
        "tenure": "New",
        "return": 0.013542,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-09-29",
        "close": 42.149597,
        "volume": 189454,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-06",
        "close": 35.879791,
        "volume": 402069,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-13",
        "close": 36.154381,
        "volume": 90207,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-20",
        "close": 37.069679,
        "volume": 80637,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-27",
        "close": 37.023914,
        "volume": 81950,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-03",
        "close": 37.664627,
        "volume": 71380,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-10",
        "close": 36.108612,
        "volume": 81458,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-17",
        "close": 36.017082,
        "volume": 78906,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-24",
        "close": 36.703556,
        "volume": 165963,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-01",
        "close": 38.808754,
        "volume": 394733,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-08",
        "close": 39.724052,
        "volume": 237412,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-15",
        "close": 39.357929,
        "volume": 104371,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-22",
        "close": 40.68512,
        "volume": 194991,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-29",
        "close": 38.442631,
        "volume": 191732,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-05",
        "close": 40.044407,
        "volume": 71260,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-12",
        "close": 43.019135,
        "volume": 431634,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-19",
        "close": 42.103836,
        "volume": 110110,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-26",
        "close": 41.188534,
        "volume": 83974,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-02",
        "close": 41.508888,
        "volume": 72854,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-09",
        "close": 41.280064,
        "volume": 17600,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-16",
        "close": 42.332661,
        "volume": 21200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-23",
        "close": 43.934437,
        "volume": 298644,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-01",
        "close": 47.229519,
        "volume": 192658,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-08",
        "close": 49.426239,
        "volume": 588603,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-15",
        "close": 49.975422,
        "volume": 505571,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-22",
        "close": 54.368866,
        "volume": 460560,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-29",
        "close": 59.403023,
        "volume": 552512,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-05",
        "close": 64.43718,
        "volume": 1268004,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-12",
        "close": 73.681709,
        "volume": 3262394,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-19",
        "close": 73.22406,
        "volume": 1095694,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-26",
        "close": 64.345642,
        "volume": 1308438,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-03",
        "close": 69.196739,
        "volume": 311213,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-10",
        "close": 62.972694,
        "volume": 355619,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-17",
        "close": 72.308762,
        "volume": 692979,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-24",
        "close": 77.068321,
        "volume": 1079123,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-31",
        "close": 81.004112,
        "volume": 1609035,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-07",
        "close": 65.35247,
        "volume": 1799427,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-14",
        "close": 71.393456,
        "volume": 349860,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-21",
        "close": 69.562859,
        "volume": 289823,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-28",
        "close": 69.855301,
        "volume": 184562,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-05",
        "close": 75.653206,
        "volume": 331546,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-12",
        "close": 73.782921,
        "volume": 335045,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-19",
        "close": 74.905083,
        "volume": 519136,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-26",
        "close": 78.458633,
        "volume": 720281,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-02",
        "close": 71.070999,
        "volume": 716302,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-09",
        "close": 67.985016,
        "volume": 545934,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-16",
        "close": 65.460129,
        "volume": 225594,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-23",
        "close": 59.942772,
        "volume": 793400,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-30",
        "close": 65.273102,
        "volume": 259277,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-06",
        "close": 65.927696,
        "volume": 312455,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-13",
        "close": 66.582298,
        "volume": 91757,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-20",
        "close": 68.546104,
        "volume": 240261,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-27",
        "close": 67.143387,
        "volume": 73415,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-04",
        "close": 65.553642,
        "volume": 55200,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-11",
        "close": 63.589836,
        "volume": 124740,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-18",
        "close": 64.057404,
        "volume": 87265,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-25",
        "close": 64.057404,
        "volume": 181551,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-01",
        "close": 65.460129,
        "volume": 68120,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-08",
        "close": 67.610962,
        "volume": 299408,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-15",
        "close": 64.431473,
        "volume": 109178,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-22",
        "close": 66.208244,
        "volume": 242412,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-29",
        "close": 59.194656,
        "volume": 423823,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-06",
        "close": 62.935238,
        "volume": 308454,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-13",
        "close": 56.856796,
        "volume": 455077,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-20",
        "close": 63.87038,
        "volume": 5638701,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-27",
        "close": 68.265564,
        "volume": 10565000,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-03",
        "close": 69.01368,
        "volume": 4782000,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-10",
        "close": 69.948822,
        "volume": 4612000,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-17",
        "close": 67.423935,
        "volume": 11895000,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-24",
        "close": 66.675812,
        "volume": 972000,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-07",
        "close": 58.633572,
        "volume": 2295130,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-14",
        "close": 59.007626,
        "volume": 850318,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-21",
        "close": 64.6185,
        "volume": 1783332,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-28",
        "close": 60.597374,
        "volume": 787203,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-07",
        "close": 59.849258,
        "volume": 472192,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-14",
        "close": 57.791939,
        "volume": 554179,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-21",
        "close": 56.95031,
        "volume": 647120,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-28",
        "close": 55.267048,
        "volume": 521000,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-04",
        "close": 53.022701,
        "volume": 277151,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-11",
        "close": 44.512886,
        "volume": 687077,
        "typical_volume": 2438458.45,
        "trend": 62.589233,
        "fair_value": 57.726807,
        "relative_strength": -22.97321,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -90.56828,
        "energy": 87.730959,
        "activity_lines": [
          51.476596,
          54.945699,
          58.907434,
          60.5839
        ]
      },
      {
        "date": "2025-04-18",
        "close": 45.681816,
        "volume": 326000,
        "typical_volume": 2442637.85,
        "trend": 61.89255,
        "fair_value": 57.578104,
        "relative_strength": -19.78087,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -81.93272,
        "energy": 89.154652,
        "activity_lines": [
          48.867542,
          52.88328,
          57.445491,
          59.493099
        ]
      },
      {
        "date": "2025-04-25",
        "close": 44.279099,
        "volume": 258000,
        "typical_volume": 2434346.7,
        "trend": 61.08365,
        "fair_value": 57.415921,
        "relative_strength": -23.349227,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.252278,
        "energy": 91.722071,
        "activity_lines": [
          46.598258,
          50.801308,
          55.947701,
          58.356748
        ]
      },
      {
        "date": "2025-05-02",
        "close": 46.196148,
        "volume": 311000,
        "typical_volume": 2434474.0,
        "trend": 60.385408,
        "fair_value": 57.280743,
        "relative_strength": -23.053593,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.709074,
        "energy": 87.050297,
        "activity_lines": [
          45.812737,
          49.335682,
          54.703514,
          57.396264
        ]
      },
      {
        "date": "2025-05-09",
        "close": 45.541546,
        "volume": 213000,
        "typical_volume": 2422370.15,
        "trend": 59.718339,
        "fair_value": 57.140991,
        "relative_strength": -23.985357,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.166805,
        "energy": 85.15472,
        "activity_lines": [
          45.413742,
          48.085989,
          53.476693,
          56.438595
        ]
      },
      {
        "date": "2025-05-16",
        "close": 50.497814,
        "volume": 872001,
        "typical_volume": 2184035.15,
        "trend": 59.281938,
        "fair_value": 57.062836,
        "relative_strength": -18.899097,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.438698,
        "energy": 57.403858,
        "activity_lines": [
          47.165581,
          48.011178,
          52.77578,
          55.843723
        ]
      },
      {
        "date": "2025-05-23",
        "close": 51.432957,
        "volume": 426011,
        "typical_volume": 1677085.7,
        "trend": 58.861123,
        "fair_value": 56.997372,
        "relative_strength": -16.086017,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -47.89425,
        "energy": 42.353237,
        "activity_lines": [
          48.830138,
          48.276419,
          52.227607,
          55.337337
        ]
      },
      {
        "date": "2025-05-30",
        "close": 50.778355,
        "volume": 651040,
        "typical_volume": 1470537.7,
        "trend": 58.418488,
        "fair_value": 56.925889,
        "relative_strength": -15.282814,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -42.032407,
        "energy": 31.685367,
        "activity_lines": [
          49.893086,
          48.538259,
          51.697246,
          54.815868
        ]
      },
      {
        "date": "2025-06-06",
        "close": 51.432957,
        "volume": 325050,
        "typical_volume": 1256190.2,
        "trend": 57.950916,
        "fair_value": 56.863469,
        "relative_strength": -14.583135,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.330109,
        "energy": 27.177508,
        "activity_lines": [
          50.74095,
          49.031335,
          51.316064,
          54.365188
        ]
      },
      {
        "date": "2025-06-13",
        "close": 54.085758,
        "volume": 836249,
        "typical_volume": 703252.65,
        "trend": 57.500075,
        "fair_value": 56.832259,
        "relative_strength": -11.525064,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -30.062692,
        "energy": 25.054731,
        "activity_lines": [
          52.123961,
          50.07645,
          51.275699,
          54.115823
        ]
      },
      {
        "date": "2025-06-20",
        "close": 57.393162,
        "volume": 1477933,
        "typical_volume": 728549.3,
        "trend": 57.265465,
        "fair_value": 56.838491,
        "relative_strength": -5.625972,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 2.911491,
        "energy": 15.393898,
        "activity_lines": [
          54.039825,
          51.703582,
          51.613841,
          54.108926
        ]
      },
      {
        "date": "2025-06-27",
        "close": 60.116905,
        "volume": 1474230,
        "typical_volume": 687504.3,
        "trend": 57.06242,
        "fair_value": 56.874518,
        "relative_strength": -3.264524,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 13.506624,
        "energy": 26.87754,
        "activity_lines": [
          56.403914,
          53.591754,
          52.25559,
          54.29289
        ]
      },
      {
        "date": "2025-07-04",
        "close": 58.365929,
        "volume": 744135,
        "typical_volume": 682195.15,
        "trend": 57.034796,
        "fair_value": 56.890729,
        "relative_strength": -5.653418,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 23.781586,
        "energy": 33.429565,
        "activity_lines": [
          57.605415,
          54.89911,
          52.723516,
          54.376987
        ]
      },
      {
        "date": "2025-07-11",
        "close": 59.727798,
        "volume": 982030,
        "typical_volume": 642130.05,
        "trend": 56.927882,
        "fair_value": 56.921235,
        "relative_strength": -3.920903,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 29.69373,
        "energy": 48.132786,
        "activity_lines": [
          58.755034,
          56.197955,
          53.324199,
          54.550729
        ]
      },
      {
        "date": "2025-07-18",
        "close": 57.295887,
        "volume": 612200,
        "typical_volume": 633379.9,
        "trend": 56.942518,
        "fair_value": 56.925221,
        "relative_strength": -9.922055,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 23.596494,
        "energy": 49.548515,
        "activity_lines": [
          58.541026,
          56.808604,
          53.716561,
          54.574471
        ]
      },
      {
        "date": "2025-07-25",
        "close": 58.657757,
        "volume": 1504050,
        "typical_volume": 684972.8,
        "trend": 56.768764,
        "fair_value": 56.943458,
        "relative_strength": -7.205257,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 23.198361,
        "energy": 31.046254,
        "activity_lines": [
          58.566966,
          57.45315,
          54.254346,
          54.685132
        ]
      },
      {
        "date": "2025-08-01",
        "close": 61.381498,
        "volume": 696856,
        "typical_volume": 692106.65,
        "trend": 56.539295,
        "fair_value": 56.989687,
        "relative_strength": -2.543739,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 41.397773,
        "energy": 34.109959,
        "activity_lines": [
          59.416514,
          58.444559,
          55.057209,
          54.982728
        ]
      },
      {
        "date": "2025-08-08",
        "close": 61.576054,
        "volume": 2030169,
        "typical_volume": 761259.1,
        "trend": 56.291374,
        "fair_value": 57.036969,
        "relative_strength": -4.128721,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 37.633186,
        "energy": 32.071868,
        "activity_lines": [
          60.246607,
          59.29046,
          55.861508,
          55.30768
        ]
      },
      {
        "date": "2025-08-15",
        "close": 60.79784,
        "volume": 997027,
        "typical_volume": 785060.45,
        "trend": 55.986341,
        "fair_value": 57.075346,
        "relative_strength": -6.107513,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 33.43231,
        "energy": 32.662103,
        "activity_lines": [
          60.603287,
          59.798545,
          56.569663,
          55.59842
        ]
      },
      {
        "date": "2025-08-22",
        "close": 75.097488,
        "volume": 11931583,
        "typical_volume": 1367782.05,
        "trend": 56.242126,
        "fair_value": 57.257388,
        "relative_strength": 18.559737,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 89.182903,
        "energy": 78.902988,
        "activity_lines": [
          65.655181,
          62.736296,
          58.613353,
          56.831397
        ]
      },
      {
        "date": "2025-08-29",
        "close": 71.984642,
        "volume": 4324700,
        "typical_volume": 1549663.2,
        "trend": 56.419087,
        "fair_value": 57.40466,
        "relative_strength": 11.234735,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.7164,
        "energy": 80.640248,
        "activity_lines": [
          68.482686,
          64.726043,
          60.255464,
          57.847043
        ]
      },
      {
        "date": "2025-09-05",
        "close": 71.011879,
        "volume": 2113087,
        "typical_volume": 1639017.55,
        "trend": 56.831698,
        "fair_value": 57.539385,
        "relative_strength": 8.585321,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.926191,
        "energy": 78.337074,
        "activity_lines": [
          70.097477,
          66.273625,
          61.674112,
          58.788513
        ]
      },
      {
        "date": "2025-09-12",
        "close": 70.330948,
        "volume": 2222018,
        "typical_volume": 1737218.45,
        "trend": 57.209142,
        "fair_value": 57.664792,
        "relative_strength": 3.641707,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.730691,
        "energy": 77.367013,
        "activity_lines": [
          70.843267,
          67.499311,
          62.907291,
          59.659433
        ]
      },
      {
        "date": "2025-09-19",
        "close": 67.996307,
        "volume": 1147396,
        "typical_volume": 1779038.25,
        "trend": 57.321735,
        "fair_value": 57.765098,
        "relative_strength": 0.085097,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.444294,
        "energy": 58.69216,
        "activity_lines": [
          70.227182,
          68.08297,
          63.794066,
          60.355379
        ]
      },
      {
        "date": "2025-09-26",
        "close": 67.023544,
        "volume": 1064076,
        "typical_volume": 1821592.05,
        "trend": 57.535941,
        "fair_value": 57.854122,
        "relative_strength": -1.015129,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.790909,
        "energy": 43.947077,
        "activity_lines": [
          68.806946,
          68.339427,
          64.484387,
          60.981302
        ]
      },
      {
        "date": "2025-10-03",
        "close": 67.996307,
        "volume": 492060,
        "typical_volume": 1802595.0,
        "trend": 57.807509,
        "fair_value": 57.950714,
        "relative_strength": -3.72872,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 44.754427,
        "energy": 34.158033,
        "activity_lines": [
          68.249227,
          68.595884,
          65.165057,
          61.656164
        ]
      },
      {
        "date": "2025-10-10",
        "close": 66.828979,
        "volume": 539013,
        "typical_volume": 1808245.1,
        "trend": 58.108744,
        "fair_value": 58.034471,
        "relative_strength": -6.922553,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.489765,
        "energy": 27.884224,
        "activity_lines": [
          67.568288,
          68.470307,
          65.651226,
          62.238195
        ]
      },
      {
        "date": "2025-10-17",
        "close": 66.828979,
        "volume": 1010070,
        "typical_volume": 1826196.6,
        "trend": 58.438033,
        "fair_value": 58.116663,
        "relative_strength": -6.699678,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.677551,
        "energy": 23.224023,
        "activity_lines": [
          67.166208,
          68.245686,
          66.064082,
          62.80079
        ]
      },
      {
        "date": "2025-10-24",
        "close": 66.050774,
        "volume": 465407,
        "typical_volume": 1833214.45,
        "trend": 58.79749,
        "fair_value": 58.190127,
        "relative_strength": -8.335522,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.998196,
        "energy": 21.162041,
        "activity_lines": [
          66.738192,
          67.784064,
          66.32639,
          63.291935
        ]
      },
      {
        "date": "2025-10-31",
        "close": 63.32703,
        "volume": 885006,
        "typical_volume": 1835652.3,
        "trend": 59.140968,
        "fair_value": 58.237255,
        "relative_strength": -13.981471,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 27.274094,
        "energy": 16.222426,
        "activity_lines": [
          65.531963,
          66.731709,
          66.259686,
          63.584163
        ]
      },
      {
        "date": "2025-11-07",
        "close": 61.96516,
        "volume": 588125,
        "typical_volume": 1791161.9,
        "trend": 59.722711,
        "fair_value": 58.271145,
        "relative_strength": -13.657108,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 4.973769,
        "energy": 11.017128,
        "activity_lines": [
          64.118212,
          65.645749,
          66.019275,
          63.766369
        ]
      },
      {
        "date": "2025-11-14",
        "close": 60.506012,
        "volume": 794250,
        "typical_volume": 1757162.9,
        "trend": 60.21685,
        "fair_value": 58.291279,
        "relative_strength": -14.489489,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -2.732137,
        "energy": 15.083339,
        "activity_lines": [
          62.620154,
          64.476662,
          65.618125,
          63.816905
        ]
      },
      {
        "date": "2025-11-21",
        "close": 58.463203,
        "volume": 626001,
        "typical_volume": 1751256.2,
        "trend": 60.689654,
        "fair_value": 58.292814,
        "relative_strength": -13.969876,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": -14.482555,
        "energy": 32.594544,
        "activity_lines": [
          60.862692,
          63.127171,
          65.020569,
          63.703766
        ]
      },
      {
        "date": "2025-11-28",
        "close": 62.354263,
        "volume": 310795,
        "typical_volume": 1717694.45,
        "trend": 61.228258,
        "fair_value": 58.328756,
        "relative_strength": -11.783423,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -20.684321,
        "energy": 40.617374,
        "activity_lines": [
          60.959968,
          62.700922,
          64.793127,
          63.811161
        ]
      },
      {
        "date": "2025-12-05",
        "close": 63.424305,
        "volume": 247096,
        "typical_volume": 1699439.25,
        "trend": 61.82435,
        "fair_value": 58.373453,
        "relative_strength": -11.14414,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -18.492934,
        "energy": 34.260935,
        "activity_lines": [
          61.660358,
          62.57181,
          64.655086,
          63.952841
        ]
      },
      {
        "date": "2025-12-12",
        "close": 62.840645,
        "volume": 230000,
        "typical_volume": 1635736.75,
        "trend": 62.235777,
        "fair_value": 58.412299,
        "relative_strength": -12.319185,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -14.424585,
        "energy": 16.878479,
        "activity_lines": [
          62.15971,
          62.402018,
          64.432277,
          64.018408
        ]
      },
      {
        "date": "2025-12-19",
        "close": 61.770607,
        "volume": 146092,
        "typical_volume": 1608198.55,
        "trend": 62.580366,
        "fair_value": 58.44125,
        "relative_strength": -12.091721,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -4.89483,
        "energy": 6.506865,
        "activity_lines": [
          62.244017,
          62.131413,
          64.08764,
          63.988397
        ]
      },
      {
        "date": "2025-12-26",
        "close": 60.506012,
        "volume": 255100,
        "typical_volume": 1519445.1,
        "trend": 62.904621,
        "fair_value": 58.458897,
        "relative_strength": -16.026328,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -20.783707,
        "energy": 14.604634,
        "activity_lines": [
          61.822486,
          61.722852,
          63.620713,
          63.854568
        ]
      },
      {
        "date": "2026-01-02",
        "close": 63.229755,
        "volume": 225006,
        "typical_volume": 1480844.05,
        "trend": 63.297848,
        "fair_value": 58.499328,
        "relative_strength": -14.109886,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -10.812467,
        "energy": 11.003986,
        "activity_lines": [
          62.172683,
          61.924479,
          63.418285,
          63.875545
        ]
      },
      {
        "date": "2026-01-09",
        "close": 62.062435,
        "volume": 214031,
        "typical_volume": 894966.45,
        "trend": 63.563737,
        "fair_value": 58.52927,
        "relative_strength": -17.701517,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -10.811703,
        "energy": 12.001126,
        "activity_lines": [
          62.075406,
          61.965159,
          63.093103,
          63.79584
        ]
      },
      {
        "date": "2026-01-16",
        "close": 63.32703,
        "volume": 286016,
        "typical_volume": 693032.25,
        "trend": 63.761532,
        "fair_value": 58.569252,
        "relative_strength": -18.373081,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -8.386075,
        "energy": 8.656506,
        "activity_lines": [
          62.490452,
          62.258757,
          62.950431,
          63.780569
        ]
      },
      {
        "date": "2026-01-23",
        "close": 61.381496,
        "volume": 329110,
        "typical_volume": 603833.4,
        "trend": 63.803685,
        "fair_value": 58.592493,
        "relative_strength": -21.643967,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -40.950359,
        "energy": 18.480859,
        "activity_lines": [
          62.224562,
          62.17386,
          62.663696,
          63.627018
        ]
      },
      {
        "date": "2026-01-30",
        "close": 60.214184,
        "volume": 312166,
        "typical_volume": 508340.8,
        "trend": 63.865294,
        "fair_value": 58.605786,
        "relative_strength": -22.799961,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -57.126081,
        "energy": 30.027543,
        "activity_lines": [
          61.595508,
          61.860808,
          62.311648,
          63.395438
        ]
      },
      {
        "date": "2026-02-06",
        "close": 59.63052,
        "volume": 606101,
        "typical_volume": 481276.05,
        "trend": 63.862051,
        "fair_value": 58.614117,
        "relative_strength": -22.492135,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -57.581431,
        "energy": 39.833489,
        "activity_lines": [
          60.791355,
          61.409798,
          61.952188,
          63.122226
        ]
      },
      {
        "date": "2026-02-13",
        "close": 57.782269,
        "volume": 189000,
        "typical_volume": 437522.25,
        "trend": 63.878264,
        "fair_value": 58.607408,
        "relative_strength": -28.497214,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.973999,
        "energy": 61.725377,
        "activity_lines": [
          59.611067,
          60.672265,
          61.456541,
          62.729982
        ]
      },
      {
        "date": "2026-02-27",
        "close": 56.809502,
        "volume": 532000,
        "typical_volume": 439519.25,
        "trend": 63.816656,
        "fair_value": 58.593025,
        "relative_strength": -32.689146,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.567836,
        "energy": 70.13314,
        "activity_lines": [
          58.391867,
          59.860448,
          60.912256,
          62.273933
        ]
      },
      {
        "date": "2026-03-06",
        "close": 54.669418,
        "volume": 352036,
        "typical_volume": 430170.4,
        "trend": 63.59292,
        "fair_value": 58.561885,
        "relative_strength": -31.169608,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -79.569896,
        "energy": 78.968779,
        "activity_lines": [
          56.893809,
          58.769182,
          60.217423,
          61.683789
        ]
      },
      {
        "date": "2026-03-13",
        "close": 50.875633,
        "volume": 437000,
        "typical_volume": 401516.9,
        "trend": 63.236239,
        "fair_value": 58.501364,
        "relative_strength": -34.967378,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -87.822914,
        "energy": 87.798857,
        "activity_lines": [
          54.578627,
          57.11725,
          59.219181,
          60.863319
        ]
      },
      {
        "date": "2026-03-20",
        "close": 51.459293,
        "volume": 401000,
        "typical_volume": 398296.55,
        "trend": 62.924954,
        "fair_value": 58.446348,
        "relative_strength": -33.90773,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.094921,
        "energy": 86.010549,
        "activity_lines": [
          53.080568,
          55.746535,
          58.352493,
          60.103516
        ]
      },
      {
        "date": "2026-03-27",
        "close": 50.583801,
        "volume": 343166,
        "typical_volume": 371204.55,
        "trend": 62.107831,
        "fair_value": 58.385398,
        "relative_strength": -33.615821,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.84547,
        "energy": 85.354199,
        "activity_lines": [
          51.835428,
          54.430648,
          57.471909,
          59.307312
        ]
      },
      {
        "date": "2026-04-03",
        "close": 50.291973,
        "volume": 138113,
        "typical_volume": 348703.95,
        "trend": 61.384742,
        "fair_value": 58.323141,
        "relative_strength": -32.330687,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.521838,
        "energy": 82.86682,
        "activity_lines": [
          50.972909,
          53.270404,
          56.624213,
          58.544999
        ]
      },
      {
        "date": "2026-04-10",
        "close": 52.821163,
        "volume": 169075,
        "typical_volume": 317445.2,
        "trend": 60.778385,
        "fair_value": 58.281141,
        "relative_strength": -34.082856,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.320175,
        "energy": 58.272775,
        "activity_lines": [
          51.387955,
          52.807014,
          56.072979,
          57.99251
        ]
      },
      {
        "date": "2026-04-17",
        "close": 57.295887,
        "volume": 576290,
        "typical_volume": 314959.65,
        "trend": 60.343883,
        "fair_value": 58.273677,
        "relative_strength": -30.767131,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.219391,
        "energy": 38.54939,
        "activity_lines": [
          53.417793,
          53.312852,
          55.984504,
          57.767833
        ]
      },
      {
        "date": "2026-04-24",
        "close": 52.821163,
        "volume": 276072,
        "typical_volume": 313223.5,
        "trend": 59.838045,
        "fair_value": 58.23268,
        "relative_strength": -39.143123,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.112948,
        "energy": 31.769698,
        "activity_lines": [
          53.52804,
          53.058165,
          55.475424,
          57.282496
        ]
      },
      {
        "date": "2026-05-01",
        "close": 51.556568,
        "volume": 154200,
        "typical_volume": 308578.7,
        "trend": 59.322479,
        "fair_value": 58.182859,
        "relative_strength": -40.124561,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.458265,
        "energy": 29.632338,
        "activity_lines": [
          53.125963,
          52.697357,
          54.891301,
          56.748207
        ]
      },
      {
        "date": "2026-05-08",
        "close": 51.167461,
        "volume": 241010,
        "typical_volume": 309129.2,
        "trend": 58.761517,
        "fair_value": 58.130893,
        "relative_strength": -43.916619,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.242858,
        "energy": 30.853717,
        "activity_lines": [
          52.529334,
          52.378997,
          54.326634,
          56.222077
        ]
      },
      {
        "date": "2026-05-15",
        "close": 50.583801,
        "volume": 363400,
        "typical_volume": 319994.6,
        "trend": 58.220011,
        "fair_value": 58.075399,
        "relative_strength": -43.50508,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.479874,
        "energy": 42.954724,
        "activity_lines": [
          51.679784,
          52.0571,
          53.761966,
          55.694482
        ]
      },
      {
        "date": "2026-05-22",
        "close": 55.642185,
        "volume": 383122,
        "typical_volume": 326395.7,
        "trend": 57.847118,
        "fair_value": 58.057639,
        "relative_strength": -38.928851,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.317533,
        "energy": 31.158651,
        "activity_lines": [
          52.665521,
          52.729193,
          53.73232,
          55.528171
        ]
      },
      {
        "date": "2026-05-29",
        "close": 53.891209,
        "volume": 658655,
        "typical_volume": 348078.15,
        "trend": 57.441799,
        "fair_value": 58.027447,
        "relative_strength": -43.520155,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.944301,
        "energy": 21.680188,
        "activity_lines": [
          53.177845,
          52.996262,
          53.559076,
          55.272951
        ]
      },
      {
        "date": "2026-06-05",
        "close": 59.727798,
        "volume": 1633103,
        "typical_volume": 419031.75,
        "trend": 57.321825,
        "fair_value": 58.03968,
        "relative_strength": -37.276902,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 1.5394,
        "energy": 8.853918,
        "activity_lines": [
          55.564363,
          54.280312,
          53.986166,
          55.420435
        ]
      },
      {
        "date": "2026-06-12",
        "close": 57.004055,
        "volume": 398000,
        "typical_volume": 424630.95,
        "trend": 57.156455,
        "fair_value": 58.032283,
        "relative_strength": -38.306222,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -5.657483,
        "energy": 17.11164,
        "activity_lines": [
          56.498218,
          54.902882,
          54.16497,
          55.399933
        ]
      },
      {
        "date": "2026-06-19",
        "close": 56.90678,
        "volume": 216010,
        "typical_volume": 418975.95,
        "trend": 57.03648,
        "fair_value": 58.0243,
        "relative_strength": -40.787876,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -5.235853,
        "energy": 17.736869,
        "activity_lines": [
          57.010541,
          55.385728,
          54.364618,
          55.383825
        ]
      },
      {
        "date": "2026-06-26",
        "close": 52.5,
        "volume": 391141,
        "typical_volume": 422924.7,
        "trend": 56.837707,
        "fair_value": 57.985397,
        "relative_strength": -42.287696,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -17.374594,
        "energy": 16.10917,
        "activity_lines": [
          55.632406,
          54.993057,
          54.165882,
          55.091149
        ]
      },
      {
        "date": "2026-07-03",
        "close": 53.700001,
        "volume": 194000,
        "typical_volume": 402319.65,
        "trend": 56.549232,
        "fair_value": 57.955429,
        "relative_strength": -42.941638,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -28.003592,
        "energy": 11.930175,
        "activity_lines": [
          54.86375,
          54.905765,
          54.118165,
          54.888717
        ]
      },
      {
        "date": "2026-07-10",
        "close": 52.700001,
        "volume": 229013,
        "typical_volume": 404320.3,
        "trend": 56.191755,
        "fair_value": 57.918933,
        "relative_strength": -41.445082,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -37.05601,
        "energy": 20.607775,
        "activity_lines": [
          53.774508,
          54.620677,
          54.003451,
          54.640379
        ]
      },
      {
        "date": "2026-07-17",
        "close": 49.900002,
        "volume": 251104,
        "typical_volume": 390275.5,
        "trend": 55.7604,
        "fair_value": 57.86363,
        "relative_strength": -40.226284,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -52.135875,
        "energy": 34.507669,
        "activity_lines": [
          52.220453,
          53.805709,
          53.646272,
          54.23446
        ]
      },
      {
        "date": "2026-07-24",
        "close": 49.799999,
        "volume": 146003,
        "typical_volume": 379973.85,
        "trend": 55.36138,
        "fair_value": 57.8084,
        "relative_strength": -40.929735,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -62.665076,
        "energy": 53.985273,
        "activity_lines": [
          51.106667,
          52.995603,
          53.312471,
          53.849918
        ]
      },
      {
        "date": "2026-07-31",
        "close": 48.0,
        "volume": 224150,
        "typical_volume": 369331.35,
        "trend": 54.944513,
        "fair_value": 57.741676,
        "relative_strength": -41.544867,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.701523,
        "energy": 65.025706,
        "activity_lines": [
          49.866667,
          51.872475,
          52.830429,
          53.37499
        ]
      },
      {
        "date": "2026-08-07",
        "close": 48.700001,
        "volume": 141000,
        "typical_volume": 356331.35,
        "trend": 54.460188,
        "fair_value": 57.680583,
        "relative_strength": -41.275483,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.169528,
        "energy": 65.848283,
        "activity_lines": [
          49.16,
          51.015569,
          52.428748,
          52.972118
        ]
      },
      {
        "date": "2026-08-14",
        "close": 48.650002,
        "volume": 164050,
        "typical_volume": 347375.55,
        "trend": 54.013107,
        "fair_value": 57.619975,
        "relative_strength": -42.479906,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.459908,
        "energy": 62.243786,
        "activity_lines": [
          48.770001,
          50.243957,
          52.035444,
          52.597267
        ]
      }
    ],
    "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."
    }
  }
}