{
  "ticker": {
    "uuid": "eae7602d-01cc-406c-bb18-ba9d309a9e58",
    "symbol": "VOW",
    "name": "Volkswagen AG",
    "exchange": "VIE",
    "country": "AT",
    "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": "^ATX",
    "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": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -63.121,
    "architecture_energy": 56.434,
    "architecture_maturity": 77.333,
    "architecture_confidence": 93.093,
    "architecture_tenure": "Established",
    "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": 10.82,
        "rotation_up": 27.27,
        "upward_expansion": 9.88,
        "deceleration": 60.01,
        "rotation_down": 52.84,
        "downward_expansion": 83.22
      },
      "activity_lines": [
        74.289333,
        74.702986,
        77.824569,
        81.004404
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 76.739998,
    "trend_reference": 86.337295,
    "distance_from_trend": -0.11116,
    "trend_direction": "Weakening",
    "fair_value": 93.000358,
    "distance_from_fair_value": -0.174842,
    "fair_value_direction": "Weakening",
    "relative_strength": -32.385982,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.239445,
    "excess_performance": -0.413692,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.11116,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.09041,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.174842,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.037664,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.32386,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.054011,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.239445,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.796529,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 3011,
      "relative_activity": 1.592069,
      "balance": 0.796529,
      "dry_up": 3.084997,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.048298,
      "annualized_volatility": 0.275996,
      "from_high_reference": -0.295317,
      "from_low_reference": 0.096286
    },
    "levels": {
      "trend_reference": 86.337295,
      "fair_value_reference": 93.000358,
      "structural_low": 70.0,
      "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": 28,
        "median_return": 0.001253,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.02358,
        "regime_survival": 0.821429,
        "best_return": 0.150137,
        "worst_return": -0.1,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.011769,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -1.1e-05,
        "regime_survival": 0.6,
        "best_return": 0.163825,
        "worst_return": -0.204255,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.000852,
        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
        "median_excess_return": 0.010217,
        "regime_survival": 0.2,
        "best_return": 0.195032,
        "worst_return": -0.200253,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.026246,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.142407,
        "regime_survival": 0.5,
        "best_return": 0.082076,
        "worst_return": -0.219229,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-07-05",
        "end": "2024-08-02",
        "tenure": "Developing",
        "return": -0.088233,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-09",
        "end": "2025-01-24",
        "tenure": "Established",
        "return": 0.032389,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-01-31",
        "end": "2025-02-28",
        "tenure": "Developing",
        "return": 0.060406,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-03-07",
        "end": "2025-04-04",
        "tenure": "Developing",
        "return": -0.187204,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-11",
        "end": "2025-06-27",
        "tenure": "Developing",
        "return": 0.105288,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-04",
        "end": "2025-08-15",
        "tenure": "Developing",
        "return": 0.111408,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-22",
        "end": "2025-10-10",
        "tenure": "Developing",
        "return": -0.128487,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-17",
        "end": "2025-10-24",
        "tenure": "New",
        "return": -0.017975,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-10-31",
        "end": "2025-11-14",
        "tenure": "New",
        "return": 0.07984,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-11-21",
        "end": "2025-12-05",
        "tenure": "New",
        "return": 0.125448,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-12-12",
        "end": "2026-01-30",
        "tenure": "Developing",
        "return": -0.05353,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-02-06",
        "end": "2026-02-27",
        "tenure": "New",
        "return": 0.006938,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-06",
        "end": "2026-04-03",
        "tenure": "Developing",
        "return": -0.03,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-04-10",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": -0.14065,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 99.460297,
        "volume": 221,
        "typical_volume": 352.3,
        "trend": 104.469962,
        "fair_value": 109.851838,
        "relative_strength": -0.711318,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -33.52336,
        "energy": 40.089804,
        "activity_lines": [
          102.242891,
          104.199242,
          105.008454,
          104.62476
        ]
      },
      {
        "date": "2023-08-25",
        "close": 97.529877,
        "volume": 210,
        "typical_volume": 358.55,
        "trend": 104.317913,
        "fair_value": 109.919496,
        "relative_strength": -1.947889,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -49.842505,
        "energy": 65.607919,
        "activity_lines": [
          100.215077,
          102.71435,
          104.343133,
          104.177013
        ]
      },
      {
        "date": "2023-09-01",
        "close": 94.3125,
        "volume": 528,
        "typical_volume": 382.95,
        "trend": 103.890167,
        "fair_value": 109.95312,
        "relative_strength": -6.992517,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -85.008293,
        "energy": 85.287376,
        "activity_lines": [
          97.801178,
          100.909775,
          103.384015,
          103.531502
        ]
      },
      {
        "date": "2023-09-08",
        "close": 92.399467,
        "volume": 283,
        "typical_volume": 396.6,
        "trend": 103.505015,
        "fair_value": 109.945029,
        "relative_strength": -7.811916,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -86.284688,
        "energy": 90.897938,
        "activity_lines": [
          95.506697,
          98.976822,
          102.286842,
          102.790167
        ]
      },
      {
        "date": "2023-09-15",
        "close": 95.269012,
        "volume": 121,
        "typical_volume": 375.6,
        "trend": 103.141007,
        "fair_value": 109.988855,
        "relative_strength": -5.816357,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.102483,
        "energy": 83.612655,
        "activity_lines": [
          94.893365,
          97.827737,
          101.494533,
          102.258812
        ]
      },
      {
        "date": "2023-09-22",
        "close": 99.529861,
        "volume": 739,
        "typical_volume": 410.0,
        "trend": 102.992455,
        "fair_value": 110.096153,
        "relative_strength": -0.609366,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.066811,
        "energy": 70.362117,
        "activity_lines": [
          96.138575,
          97.653192,
          101.132254,
          102.025834
        ]
      },
      {
        "date": "2023-09-29",
        "close": 96.22554,
        "volume": 242,
        "typical_volume": 421.15,
        "trend": 102.346104,
        "fair_value": 110.167317,
        "relative_strength": -4.046901,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.982998,
        "energy": 49.85393,
        "activity_lines": [
          96.277708,
          97.019521,
          100.472797,
          101.589259
        ]
      },
      {
        "date": "2023-10-06",
        "close": 92.799469,
        "volume": 164,
        "typical_volume": 346.75,
        "trend": 101.797736,
        "fair_value": 110.192194,
        "relative_strength": -5.848922,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.649859,
        "energy": 51.768939,
        "activity_lines": [
          95.361772,
          95.973836,
          99.522906,
          100.973347
        ]
      },
      {
        "date": "2023-10-13",
        "close": 93.790764,
        "volume": 60,
        "typical_volume": 258.45,
        "trend": 101.676004,
        "fair_value": 110.220447,
        "relative_strength": -5.573829,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.990672,
        "energy": 47.293782,
        "activity_lines": [
          94.877137,
          95.342377,
          98.722579,
          100.456768
        ]
      },
      {
        "date": "2023-10-20",
        "close": 89.964699,
        "volume": 157,
        "typical_volume": 260.3,
        "trend": 101.46075,
        "fair_value": 110.22161,
        "relative_strength": -5.894963,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.130136,
        "energy": 58.985118,
        "activity_lines": [
          93.024393,
          94.187601,
          97.603579,
          99.7012
        ]
      },
      {
        "date": "2023-10-27",
        "close": 86.416893,
        "volume": 2385,
        "typical_volume": 376.3,
        "trend": 100.951767,
        "fair_value": 110.258278,
        "relative_strength": -9.090757,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -85.933368,
        "energy": 88.005675,
        "activity_lines": [
          90.342669,
          92.603736,
          96.221641,
          98.730629
        ]
      },
      {
        "date": "2023-11-03",
        "close": 91.286438,
        "volume": 366,
        "typical_volume": 381.05,
        "trend": 100.655312,
        "fair_value": 110.291741,
        "relative_strength": -8.884924,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.482067,
        "energy": 74.379354,
        "activity_lines": [
          90.158324,
          92.142396,
          95.414607,
          98.107059
        ]
      },
      {
        "date": "2023-11-10",
        "close": 90.347305,
        "volume": 123,
        "typical_volume": 364.7,
        "trend": 100.214173,
        "fair_value": 110.249849,
        "relative_strength": -10.148759,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.032523,
        "energy": 72.563948,
        "activity_lines": [
          89.990208,
          91.623822,
          94.617344,
          97.442027
        ]
      },
      {
        "date": "2023-11-17",
        "close": 94.521187,
        "volume": 385,
        "typical_volume": 375.75,
        "trend": 100.063877,
        "fair_value": 110.227184,
        "relative_strength": -7.927528,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.844736,
        "energy": 47.116931,
        "activity_lines": [
          91.376864,
          91.936229,
          94.29395,
          97.074737
        ]
      },
      {
        "date": "2023-11-24",
        "close": 93.077728,
        "volume": 35,
        "typical_volume": 352.5,
        "trend": 99.821193,
        "fair_value": 110.219012,
        "relative_strength": -8.731114,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -42.656155,
        "energy": 29.986206,
        "activity_lines": [
          92.233671,
          91.947613,
          93.891634,
          96.624018
        ]
      },
      {
        "date": "2023-12-01",
        "close": 93.042938,
        "volume": 0,
        "typical_volume": 347.2,
        "trend": 99.482326,
        "fair_value": 110.216904,
        "relative_strength": -10.374862,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -38.530615,
        "energy": 24.870902,
        "activity_lines": [
          92.871347,
          91.992513,
          93.548778,
          96.186711
        ]
      },
      {
        "date": "2023-12-08",
        "close": 100.068993,
        "volume": 662,
        "typical_volume": 378.75,
        "trend": 99.359428,
        "fair_value": 110.279197,
        "relative_strength": -3.743177,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -5.565779,
        "energy": 16.643891,
        "activity_lines": [
          95.409305,
          93.432822,
          93.943062,
          96.224561
        ]
      },
      {
        "date": "2023-12-15",
        "close": 100.729851,
        "volume": 887,
        "typical_volume": 414.0,
        "trend": 99.237689,
        "fair_value": 110.290953,
        "relative_strength": -4.46525,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 11.766798,
        "energy": 24.936967,
        "activity_lines": [
          97.582046,
          94.923405,
          94.43722,
          96.312975
        ]
      },
      {
        "date": "2023-12-22",
        "close": 97.825523,
        "volume": 286,
        "typical_volume": 402.5,
        "trend": 99.052183,
        "fair_value": 110.287814,
        "relative_strength": -8.135787,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -1.216327,
        "energy": 24.399528,
        "activity_lines": [
          98.094507,
          95.74174,
          94.678295,
          96.221868
        ]
      },
      {
        "date": "2023-12-29",
        "close": 97.0951,
        "volume": 434,
        "typical_volume": 414.4,
        "trend": 98.765229,
        "fair_value": 110.281234,
        "relative_strength": -9.4424,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 1.045968,
        "energy": 26.21173,
        "activity_lines": [
          98.143205,
          96.353912,
          94.875727,
          96.095604
        ]
      },
      {
        "date": "2024-01-05",
        "close": 98.260307,
        "volume": 70,
        "typical_volume": 406.85,
        "trend": 98.382043,
        "fair_value": 110.305952,
        "relative_strength": -8.054437,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 0.472079,
        "energy": 31.601343,
        "activity_lines": [
          98.31248,
          97.048296,
          95.20674,
          96.063029
        ]
      },
      {
        "date": "2024-01-12",
        "close": 97.042915,
        "volume": 129,
        "typical_volume": 402.8,
        "trend": 97.879436,
        "fair_value": 110.301107,
        "relative_strength": -8.23349,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -3.785823,
        "energy": 14.00864,
        "activity_lines": [
          97.728133,
          97.306001,
          95.427525,
          95.976633
        ]
      },
      {
        "date": "2024-01-19",
        "close": 92.938591,
        "volume": 62,
        "typical_volume": 379.5,
        "trend": 97.431323,
        "fair_value": 110.21435,
        "relative_strength": -10.53545,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -38.644281,
        "energy": 19.756341,
        "activity_lines": [
          95.977417,
          96.712802,
          95.259741,
          95.657869
        ]
      },
      {
        "date": "2024-01-26",
        "close": 100.22551,
        "volume": 78,
        "typical_volume": 369.25,
        "trend": 97.211614,
        "fair_value": 110.207566,
        "relative_strength": -6.552085,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 13.224499,
        "energy": 9.521319,
        "activity_lines": [
          97.175092,
          97.397383,
          95.792492,
          95.838139
        ]
      },
      {
        "date": "2024-02-02",
        "close": 104.086357,
        "volume": 430,
        "typical_volume": 384.7,
        "trend": 97.139151,
        "fair_value": 110.203026,
        "relative_strength": -2.447281,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 45.984293,
        "energy": 31.498379,
        "activity_lines": [
          99.499716,
          98.680222,
          96.655675,
          96.281671
        ]
      },
      {
        "date": "2024-02-09",
        "close": 103.216797,
        "volume": 384,
        "typical_volume": 366.95,
        "trend": 97.00234,
        "fair_value": 110.198041,
        "relative_strength": -0.938961,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 41.454873,
        "energy": 52.358662,
        "activity_lines": [
          101.068403,
          99.604802,
          97.394056,
          96.673777
        ]
      },
      {
        "date": "2024-02-16",
        "close": 103.964615,
        "volume": 607,
        "typical_volume": 385.2,
        "trend": 96.873645,
        "fair_value": 110.157887,
        "relative_strength": -1.629084,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 70.052305,
        "energy": 76.228279,
        "activity_lines": [
          102.55593,
          100.480369,
          98.186101,
          97.122956
        ]
      },
      {
        "date": "2024-02-23",
        "close": 107.651558,
        "volume": 4969,
        "typical_volume": 625.45,
        "trend": 96.939732,
        "fair_value": 110.131025,
        "relative_strength": 2.409158,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.616023,
        "energy": 84.291555,
        "activity_lines": [
          104.810991,
          101.95546,
          99.29243,
          97.818305
        ]
      },
      {
        "date": "2024-03-01",
        "close": 103.808098,
        "volume": 290,
        "typical_volume": 636.95,
        "trend": 96.957703,
        "fair_value": 109.99811,
        "relative_strength": -0.945357,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.193853,
        "energy": 73.130962,
        "activity_lines": [
          104.804035,
          102.605891,
          99.961992,
          98.261426
        ]
      },
      {
        "date": "2024-03-08",
        "close": 101.321152,
        "volume": 176,
        "typical_volume": 637.9,
        "trend": 96.940311,
        "fair_value": 109.859761,
        "relative_strength": -3.214256,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.690861,
        "energy": 55.295484,
        "activity_lines": [
          103.729257,
          102.695376,
          100.346999,
          98.542939
        ]
      },
      {
        "date": "2024-03-15",
        "close": 99.02552,
        "volume": 138,
        "typical_volume": 525.55,
        "trend": 96.925819,
        "fair_value": 109.569307,
        "relative_strength": -6.158078,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 43.903513,
        "energy": 30.786481,
        "activity_lines": [
          102.073616,
          102.290636,
          100.459297,
          98.677468
        ]
      },
      {
        "date": "2024-03-22",
        "close": 102.729843,
        "volume": 0,
        "typical_volume": 507.25,
        "trend": 97.099151,
        "fair_value": 109.284604,
        "relative_strength": -4.982409,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 40.456417,
        "energy": 21.866274,
        "activity_lines": [
          101.932167,
          102.545496,
          100.864347,
          99.051921
        ]
      },
      {
        "date": "2024-03-29",
        "close": 106.816772,
        "volume": 329,
        "typical_volume": 517.55,
        "trend": 97.51596,
        "fair_value": 108.97149,
        "relative_strength": -2.129362,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 57.490044,
        "energy": 30.994578,
        "activity_lines": [
          103.235346,
          103.440036,
          101.604135,
          99.678865
        ]
      },
      {
        "date": "2024-04-05",
        "close": 109.868935,
        "volume": 0,
        "typical_volume": 498.3,
        "trend": 98.098276,
        "fair_value": 108.694283,
        "relative_strength": -0.168912,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 73.993226,
        "energy": 46.526209,
        "activity_lines": [
          105.611566,
          104.637184,
          102.556179,
          100.475831
        ]
      },
      {
        "date": "2024-04-12",
        "close": 107.260254,
        "volume": 771,
        "typical_volume": 535.1,
        "trend": 98.497984,
        "fair_value": 108.368706,
        "relative_strength": -2.117223,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.754129,
        "energy": 57.731723,
        "activity_lines": [
          106.714169,
          105.184691,
          103.186694,
          101.066926
        ]
      },
      {
        "date": "2024-04-19",
        "close": 105.390694,
        "volume": 150,
        "typical_volume": 542.6,
        "trend": 98.693345,
        "fair_value": 108.093819,
        "relative_strength": -3.300367,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.875464,
        "energy": 55.301529,
        "activity_lines": [
          106.797645,
          105.334571,
          103.571619,
          101.511617
        ]
      },
      {
        "date": "2024-04-26",
        "close": 104.564613,
        "volume": 18,
        "typical_volume": 510.4,
        "trend": 98.971314,
        "fair_value": 107.867211,
        "relative_strength": -4.284237,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.487582,
        "energy": 48.490264,
        "activity_lines": [
          106.181416,
          105.294729,
          103.81907,
          101.890409
        ]
      },
      {
        "date": "2024-05-03",
        "close": 100.825508,
        "volume": 203,
        "typical_volume": 476.2,
        "trend": 99.238849,
        "fair_value": 107.643938,
        "relative_strength": -8.574835,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 30.120257,
        "energy": 17.40146,
        "activity_lines": [
          104.196501,
          104.564141,
          103.689009,
          102.010034
        ]
      },
      {
        "date": "2024-05-10",
        "close": 102.173325,
        "volume": 754,
        "typical_volume": 499.6,
        "trend": 99.518267,
        "fair_value": 107.428478,
        "relative_strength": -9.474716,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 27.192781,
        "energy": 18.151615,
        "activity_lines": [
          103.060276,
          104.20272,
          103.686856,
          102.199355
        ]
      },
      {
        "date": "2024-05-17",
        "close": 104.825485,
        "volume": 1284,
        "typical_volume": 542.1,
        "trend": 100.013627,
        "fair_value": 107.207679,
        "relative_strength": -8.416624,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 29.33849,
        "energy": 18.373588,
        "activity_lines": [
          103.321145,
          104.353233,
          103.916586,
          102.541756
        ]
      },
      {
        "date": "2024-05-24",
        "close": 103.260277,
        "volume": 44,
        "typical_volume": 540.8,
        "trend": 100.575073,
        "fair_value": 106.93527,
        "relative_strength": -9.365814,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 24.590488,
        "energy": 16.106564,
        "activity_lines": [
          103.222595,
          104.155448,
          103.960437,
          102.751218
        ]
      },
      {
        "date": "2024-05-31",
        "close": 107.975563,
        "volume": 138,
        "typical_volume": 541.25,
        "trend": 101.131377,
        "fair_value": 106.634963,
        "relative_strength": -3.448314,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.65839,
        "energy": 27.334461,
        "activity_lines": [
          104.837836,
          104.737992,
          104.429553,
          103.228669
        ]
      },
      {
        "date": "2024-06-07",
        "close": 106.28698,
        "volume": 367,
        "typical_volume": 556.5,
        "trend": 101.6627,
        "fair_value": 106.350929,
        "relative_strength": -3.84117,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 49.287549,
        "energy": 31.195006,
        "activity_lines": [
          105.662819,
          104.918144,
          104.685792,
          103.561288
        ]
      },
      {
        "date": "2024-06-14",
        "close": 98.125488,
        "volume": 463,
        "typical_volume": 575.75,
        "trend": 101.782843,
        "fair_value": 106.07539,
        "relative_strength": -7.667028,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": -2.642611,
        "energy": 2.899248,
        "activity_lines": [
          103.403206,
          103.624022,
          104.101182,
          103.333081
        ]
      },
      {
        "date": "2024-06-21",
        "close": 100.845985,
        "volume": 155,
        "typical_volume": 562.0,
        "trend": 102.041785,
        "fair_value": 105.827427,
        "relative_strength": -6.213438,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 7.102948,
        "energy": 9.042153,
        "activity_lines": [
          102.320281,
          103.038052,
          103.785667,
          103.272638
        ]
      },
      {
        "date": "2024-06-28",
        "close": 98.875969,
        "volume": 91,
        "typical_volume": 547.35,
        "trend": 102.236219,
        "fair_value": 105.586486,
        "relative_strength": -8.119312,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -23.432075,
        "energy": 33.037351,
        "activity_lines": [
          100.845985,
          102.21052,
          103.297962,
          103.068392
        ]
      },
      {
        "date": "2024-07-05",
        "close": 100.048599,
        "volume": 108,
        "typical_volume": 522.4,
        "trend": 102.235539,
        "fair_value": 105.347683,
        "relative_strength": -9.096347,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -18.044963,
        "energy": 36.574241,
        "activity_lines": [
          100.054852,
          101.714644,
          102.942606,
          102.927255
        ]
      },
      {
        "date": "2024-07-12",
        "close": 101.971703,
        "volume": 78,
        "typical_volume": 277.85,
        "trend": 102.276935,
        "fair_value": 105.140446,
        "relative_strength": -6.904474,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -25.631752,
        "energy": 40.334559,
        "activity_lines": [
          100.433218,
          101.650532,
          102.789051,
          102.910234
        ]
      },
      {
        "date": "2024-07-19",
        "close": 99.110497,
        "volume": 200,
        "typical_volume": 273.35,
        "trend": 102.319767,
        "fair_value": 104.891996,
        "relative_strength": -8.273633,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -34.616798,
        "energy": 40.057769,
        "activity_lines": [
          100.145534,
          101.045361,
          102.390047,
          102.705947
        ]
      },
      {
        "date": "2024-07-26",
        "close": 98.735252,
        "volume": 117,
        "typical_volume": 270.4,
        "trend": 102.374439,
        "fair_value": 104.654272,
        "relative_strength": -8.260555,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.310587,
        "energy": 31.478636,
        "activity_lines": [
          99.667102,
          100.427652,
          101.977675,
          102.474688
        ]
      },
      {
        "date": "2024-08-02",
        "close": 91.221054,
        "volume": 335,
        "typical_volume": 280.25,
        "trend": 102.139797,
        "fair_value": 104.362238,
        "relative_strength": -11.394798,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -84.203655,
        "energy": 69.674524,
        "activity_lines": [
          96.824652,
          98.554456,
          100.861979,
          101.755115
        ]
      },
      {
        "date": "2024-08-09",
        "close": 88.05027,
        "volume": 715,
        "typical_volume": 316.0,
        "trend": 101.840042,
        "fair_value": 104.047549,
        "relative_strength": -14.871862,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -88.210575,
        "energy": 86.286404,
        "activity_lines": [
          93.435601,
          96.323649,
          99.481468,
          100.846113
        ]
      },
      {
        "date": "2024-08-16",
        "close": 89.51371,
        "volume": 684,
        "typical_volume": 333.75,
        "trend": 101.725879,
        "fair_value": 103.805987,
        "relative_strength": -14.617957,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.381471,
        "energy": 88.632473,
        "activity_lines": [
          91.334253,
          94.7212,
          98.310234,
          100.050866
        ]
      },
      {
        "date": "2024-08-23",
        "close": 91.164772,
        "volume": 462,
        "typical_volume": 356.85,
        "trend": 101.423855,
        "fair_value": 103.541548,
        "relative_strength": -14.126732,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.321947,
        "energy": 85.427827,
        "activity_lines": [
          90.613791,
          93.723912,
          97.37864,
          99.369504
        ]
      },
      {
        "date": "2024-08-30",
        "close": 90.282951,
        "volume": 33,
        "typical_volume": 319.95,
        "trend": 100.963741,
        "fair_value": 103.264467,
        "relative_strength": -15.563348,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.831579,
        "energy": 84.655766,
        "activity_lines": [
          90.129104,
          92.692852,
          96.452131,
          98.650736
        ]
      },
      {
        "date": "2024-09-06",
        "close": 85.742538,
        "volume": 1190,
        "typical_volume": 371.95,
        "trend": 100.381266,
        "fair_value": 102.988312,
        "relative_strength": -16.176176,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.985746,
        "energy": 85.276342,
        "activity_lines": [
          88.694433,
          91.028318,
          95.174046,
          97.668723
        ]
      },
      {
        "date": "2024-09-13",
        "close": 86.774452,
        "volume": 469,
        "typical_volume": 394.5,
        "trend": 99.808261,
        "fair_value": 102.746727,
        "relative_strength": -15.33733,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.702242,
        "energy": 75.507397,
        "activity_lines": [
          87.968968,
          89.790194,
          94.0878,
          96.790864
        ]
      },
      {
        "date": "2024-09-20",
        "close": 85.311012,
        "volume": 1064,
        "typical_volume": 437.55,
        "trend": 99.063576,
        "fair_value": 102.490678,
        "relative_strength": -16.611327,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.591893,
        "energy": 76.122306,
        "activity_lines": [
          86.840744,
          88.527338,
          92.946895,
          95.855558
        ]
      },
      {
        "date": "2024-09-27",
        "close": 91.089722,
        "volume": 370,
        "typical_volume": 418.35,
        "trend": 98.63963,
        "fair_value": 102.256594,
        "relative_strength": -11.427739,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.288986,
        "energy": 56.545338,
        "activity_lines": [
          87.918936,
          88.618078,
          92.430221,
          95.341116
        ]
      },
      {
        "date": "2024-10-04",
        "close": 87.993988,
        "volume": 73,
        "typical_volume": 357.8,
        "trend": 98.195391,
        "fair_value": 102.016896,
        "relative_strength": -13.20507,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.922018,
        "energy": 49.674333,
        "activity_lines": [
          87.97022,
          88.29179,
          91.671495,
          94.6543
        ]
      },
      {
        "date": "2024-10-11",
        "close": 86.868263,
        "volume": 338,
        "typical_volume": 372.5,
        "trend": 97.790149,
        "fair_value": 101.734064,
        "relative_strength": -14.107602,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.06346,
        "energy": 48.332825,
        "activity_lines": [
          87.798861,
          87.95612,
          90.885707,
          93.923518
        ]
      },
      {
        "date": "2024-10-18",
        "close": 86.023964,
        "volume": 197,
        "typical_volume": 375.45,
        "trend": 97.233287,
        "fair_value": 101.455816,
        "relative_strength": -14.892451,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.448079,
        "energy": 45.647197,
        "activity_lines": [
          87.271019,
          87.546083,
          90.097566,
          93.164409
        ]
      },
      {
        "date": "2024-10-25",
        "close": 87.299789,
        "volume": 289,
        "typical_volume": 371.55,
        "trend": 96.58272,
        "fair_value": 101.196675,
        "relative_strength": -12.305768,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.42621,
        "energy": 43.740866,
        "activity_lines": [
          87.218486,
          87.404856,
          89.535465,
          92.523538
        ]
      },
      {
        "date": "2024-11-01",
        "close": 83.115852,
        "volume": 451,
        "typical_volume": 370.95,
        "trend": 95.690951,
        "fair_value": 100.911984,
        "relative_strength": -14.917645,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.139942,
        "energy": 55.528341,
        "activity_lines": [
          85.638721,
          86.543166,
          88.665308,
          91.654708
        ]
      },
      {
        "date": "2024-11-08",
        "close": 78.744301,
        "volume": 976,
        "typical_volume": 412.0,
        "trend": 94.740419,
        "fair_value": 100.620957,
        "relative_strength": -19.545669,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -84.685845,
        "energy": 79.201421,
        "activity_lines": [
          83.133365,
          85.032993,
          87.450287,
          90.561376
        ]
      },
      {
        "date": "2024-11-15",
        "close": 79.119537,
        "volume": 266,
        "typical_volume": 420.75,
        "trend": 93.864714,
        "fair_value": 100.363764,
        "relative_strength": -18.917796,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -78.260415,
        "energy": 82.796105,
        "activity_lines": [
          81.369732,
          83.800838,
          86.376249,
          89.553577
        ]
      },
      {
        "date": "2024-11-22",
        "close": 76.436569,
        "volume": 298,
        "typical_volume": 430.25,
        "trend": 92.927113,
        "fair_value": 100.155279,
        "relative_strength": -20.765639,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -81.851608,
        "energy": 90.359235,
        "activity_lines": [
          79.228359,
          82.201289,
          85.140769,
          88.42918
        ]
      },
      {
        "date": "2024-11-29",
        "close": 75.010651,
        "volume": 333,
        "typical_volume": 443.0,
        "trend": 92.066617,
        "fair_value": 99.938162,
        "relative_strength": -22.012474,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -79.252868,
        "energy": 89.805818,
        "activity_lines": [
          77.25084,
          80.530444,
          83.881926,
          87.27328
        ]
      },
      {
        "date": "2024-12-06",
        "close": 77.918762,
        "volume": 424,
        "typical_volume": 454.2,
        "trend": 91.258132,
        "fair_value": 99.671154,
        "relative_strength": -19.515429,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.886202,
        "energy": 79.11274,
        "activity_lines": [
          77.061966,
          79.575626,
          83.028431,
          86.360515
        ]
      },
      {
        "date": "2024-12-13",
        "close": 82.98452,
        "volume": 138,
        "typical_volume": 455.25,
        "trend": 90.5301,
        "fair_value": 99.457543,
        "relative_strength": -15.360278,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.886599,
        "energy": 54.698795,
        "activity_lines": [
          78.908152,
          79.781326,
          82.758302,
          85.826733
        ]
      },
      {
        "date": "2024-12-20",
        "close": 83.641197,
        "volume": 446,
        "typical_volume": 460.8,
        "trend": 89.87613,
        "fair_value": 99.240517,
        "relative_strength": -12.968767,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.999566,
        "energy": 37.372641,
        "activity_lines": [
          80.690548,
          80.197504,
          82.625718,
          85.382288
        ]
      },
      {
        "date": "2024-12-27",
        "close": 83.190903,
        "volume": 427,
        "typical_volume": 446.4,
        "trend": 89.049975,
        "fair_value": 99.022214,
        "relative_strength": -14.083169,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.604103,
        "energy": 24.459731,
        "activity_lines": [
          82.021403,
          80.590483,
          82.486343,
          84.950983
        ]
      },
      {
        "date": "2025-01-03",
        "close": 81.389748,
        "volume": 215,
        "typical_volume": 422.95,
        "trend": 88.220067,
        "fair_value": 98.749924,
        "relative_strength": -16.027663,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.58905,
        "energy": 26.752808,
        "activity_lines": [
          82.301583,
          80.707491,
          82.198569,
          84.456775
        ]
      },
      {
        "date": "2025-01-10",
        "close": 84.992058,
        "volume": 368,
        "typical_volume": 418.25,
        "trend": 87.782286,
        "fair_value": 98.477938,
        "relative_strength": -11.990428,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -21.117896,
        "energy": 20.703461,
        "activity_lines": [
          83.35726,
          81.586919,
          82.292558,
          84.248516
        ]
      },
      {
        "date": "2025-01-17",
        "close": 87.712555,
        "volume": 261,
        "typical_volume": 429.65,
        "trend": 87.344505,
        "fair_value": 98.244654,
        "relative_strength": -11.97867,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 6.460919,
        "energy": 16.836984,
        "activity_lines": [
          84.848217,
          82.92687,
          82.675036,
          84.244018
        ]
      },
      {
        "date": "2025-01-24",
        "close": 90.9021,
        "volume": 20,
        "typical_volume": 371.15,
        "trend": 87.07871,
        "fair_value": 98.048504,
        "relative_strength": -9.960703,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 37.436596,
        "energy": 35.803292,
        "activity_lines": [
          87.087153,
          84.683679,
          83.373519,
          84.47354
        ]
      },
      {
        "date": "2025-01-31",
        "close": 92.403069,
        "volume": 120,
        "typical_volume": 353.7,
        "trend": 86.823859,
        "fair_value": 97.89476,
        "relative_strength": -8.503173,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 42.966202,
        "energy": 59.214878,
        "activity_lines": [
          89.342352,
          86.499163,
          84.190383,
          84.817047
        ]
      },
      {
        "date": "2025-02-07",
        "close": 88.12532,
        "volume": 93,
        "typical_volume": 305.15,
        "trend": 86.362313,
        "fair_value": 97.661411,
        "relative_strength": -12.562372,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 26.652996,
        "energy": 57.717888,
        "activity_lines": [
          89.55749,
          87.246575,
          84.57304,
          84.901012
        ]
      },
      {
        "date": "2025-02-14",
        "close": 93.950935,
        "volume": 109,
        "typical_volume": 292.1,
        "trend": 86.190327,
        "fair_value": 97.500731,
        "relative_strength": -10.953543,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 51.652343,
        "energy": 69.344381,
        "activity_lines": [
          91.265461,
          88.81474,
          85.497115,
          85.390601
        ]
      },
      {
        "date": "2025-02-21",
        "close": 92.797066,
        "volume": 263,
        "typical_volume": 301.6,
        "trend": 85.992388,
        "fair_value": 97.307834,
        "relative_strength": -10.695834,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 42.049757,
        "energy": 63.458451,
        "activity_lines": [
          91.991551,
          89.881618,
          86.297673,
          85.816842
        ]
      },
      {
        "date": "2025-02-28",
        "close": 97.984772,
        "volume": 213,
        "typical_volume": 295.35,
        "trend": 86.217845,
        "fair_value": 97.324225,
        "relative_strength": -7.465266,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 82.247386,
        "energy": 73.798563,
        "activity_lines": [
          94.107909,
          91.713304,
          87.569427,
          86.590544
        ]
      },
      {
        "date": "2025-03-07",
        "close": 101.174316,
        "volume": 303,
        "typical_volume": 300.65,
        "trend": 86.655313,
        "fair_value": 97.361571,
        "relative_strength": -7.184086,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.044988,
        "energy": 86.07753,
        "activity_lines": [
          96.81527,
          93.864116,
          89.092011,
          87.555478
        ]
      },
      {
        "date": "2025-03-14",
        "close": 100.705269,
        "volume": 471,
        "typical_volume": 309.75,
        "trend": 87.028365,
        "fair_value": 97.359314,
        "relative_strength": -7.37403,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.238618,
        "energy": 86.449462,
        "activity_lines": [
          98.781533,
          95.602675,
          90.49778,
          88.461926
        ]
      },
      {
        "date": "2025-03-21",
        "close": 95.170464,
        "volume": 465,
        "typical_volume": 310.45,
        "trend": 87.161888,
        "fair_value": 97.327253,
        "relative_strength": -11.204675,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.70848,
        "energy": 70.271891,
        "activity_lines": [
          98.064197,
          95.983715,
          91.312588,
          88.987223
        ]
      },
      {
        "date": "2025-03-28",
        "close": 91.014671,
        "volume": 191,
        "typical_volume": 271.2,
        "trend": 87.186279,
        "fair_value": 97.243053,
        "relative_strength": -12.819127,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.50788,
        "energy": 47.28927,
        "activity_lines": [
          95.880295,
          95.424094,
          91.674204,
          89.23579
        ]
      },
      {
        "date": "2025-04-04",
        "close": 82.234039,
        "volume": 373,
        "typical_volume": 276.55,
        "trend": 87.069329,
        "fair_value": 97.124932,
        "relative_strength": -11.975651,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 11.926553,
        "energy": 14.534531,
        "activity_lines": [
          90.888342,
          93.207956,
          91.141139,
          88.91629
        ]
      },
      {
        "date": "2025-04-11",
        "close": 80.395355,
        "volume": 1033,
        "typical_volume": 313.3,
        "trend": 86.856692,
        "fair_value": 97.010442,
        "relative_strength": -12.284264,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -21.847562,
        "energy": 31.705948,
        "activity_lines": [
          86.333543,
          90.815112,
          90.41813,
          88.485711
        ]
      },
      {
        "date": "2025-04-18",
        "close": 84.035194,
        "volume": 715,
        "typical_volume": 332.4,
        "trend": 86.814165,
        "fair_value": 96.902258,
        "relative_strength": -12.423663,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -20.061735,
        "energy": 35.283598,
        "activity_lines": [
          84.377288,
          89.30238,
          90.022921,
          88.303679
        ]
      },
      {
        "date": "2025-04-25",
        "close": 91.671349,
        "volume": 165,
        "typical_volume": 319.45,
        "trend": 86.833553,
        "fair_value": 96.860135,
        "relative_strength": -7.386656,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -10.811543,
        "energy": 27.156915,
        "activity_lines": [
          86.077756,
          89.252406,
          90.31199,
          88.617046
        ]
      },
      {
        "date": "2025-05-02",
        "close": 90.451813,
        "volume": 190,
        "typical_volume": 322.05,
        "trend": 86.91548,
        "fair_value": 96.820444,
        "relative_strength": -9.47793,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 8.699664,
        "energy": 16.180422,
        "activity_lines": [
          87.604986,
          89.022145,
          90.419426,
          88.850482
        ]
      },
      {
        "date": "2025-05-09",
        "close": 93.791458,
        "volume": 148,
        "typical_volume": 307.15,
        "trend": 87.146253,
        "fair_value": 96.778167,
        "relative_strength": -9.860222,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.501173,
        "energy": 20.404401,
        "activity_lines": [
          90.282955,
          89.441733,
          90.809363,
          89.294094
        ]
      },
      {
        "date": "2025-05-16",
        "close": 96.389999,
        "volume": 132,
        "typical_volume": 292.4,
        "trend": 87.491788,
        "fair_value": 96.745938,
        "relative_strength": -9.572234,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 52.032988,
        "energy": 36.810812,
        "activity_lines": [
          93.056611,
          90.410025,
          91.398447,
          89.890464
        ]
      },
      {
        "date": "2025-05-23",
        "close": 93.400002,
        "volume": 245,
        "typical_volume": 293.9,
        "trend": 87.695128,
        "fair_value": 96.652475,
        "relative_strength": -10.842503,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 41.46772,
        "energy": 33.057427,
        "activity_lines": [
          93.76729,
          90.921669,
          91.639916,
          90.27164
        ]
      },
      {
        "date": "2025-05-30",
        "close": 95.400002,
        "volume": 359,
        "typical_volume": 293.45,
        "trend": 88.1046,
        "fair_value": 96.563884,
        "relative_strength": -9.259077,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 49.771289,
        "energy": 46.022271,
        "activity_lines": [
          94.520316,
          91.929772,
          92.014669,
          90.768728
        ]
      },
      {
        "date": "2025-06-06",
        "close": 91.699997,
        "volume": 15,
        "typical_volume": 281.15,
        "trend": 88.536456,
        "fair_value": 96.4731,
        "relative_strength": -12.616288,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 51.592401,
        "energy": 44.013768,
        "activity_lines": [
          93.79143,
          92.260973,
          91.98748,
          91.000689
        ]
      },
      {
        "date": "2025-06-13",
        "close": 88.779999,
        "volume": 238,
        "typical_volume": 292.05,
        "trend": 88.858472,
        "fair_value": 96.408343,
        "relative_strength": -13.051593,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 23.697522,
        "energy": 12.662562,
        "activity_lines": [
          92.005999,
          92.048806,
          91.663207,
          91.016402
        ]
      },
      {
        "date": "2025-06-20",
        "close": 87.199997,
        "volume": 249,
        "typical_volume": 298.5,
        "trend": 89.217253,
        "fair_value": 96.344355,
        "relative_strength": -13.632694,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 11.099795,
        "energy": 10.767784,
        "activity_lines": [
          90.027999,
          91.430348,
          91.198564,
          90.909403
        ]
      },
      {
        "date": "2025-06-27",
        "close": 88.860001,
        "volume": 0,
        "typical_volume": 293.85,
        "trend": 89.678898,
        "fair_value": 96.344239,
        "relative_strength": -13.143798,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -3.337211,
        "energy": 14.803769,
        "activity_lines": [
          89.215999,
          90.989988,
          90.916792,
          90.886355
        ]
      },
      {
        "date": "2025-07-04",
        "close": 89.760002,
        "volume": 38,
        "typical_volume": 290.3,
        "trend": 90.073606,
        "fair_value": 96.31765,
        "relative_strength": -11.092556,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -21.580826,
        "energy": 23.712152,
        "activity_lines": [
          89.006667,
          90.62554,
          90.717237,
          90.891587
        ]
      },
      {
        "date": "2025-07-11",
        "close": 93.919998,
        "volume": 85,
        "typical_volume": 281.4,
        "trend": 90.438122,
        "fair_value": 96.327373,
        "relative_strength": -8.521644,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 26.236096,
        "energy": 15.677996,
        "activity_lines": [
          90.56,
          91.052208,
          90.933828,
          91.139742
        ]
      },
      {
        "date": "2025-07-18",
        "close": 90.300003,
        "volume": 144,
        "typical_volume": 277.95,
        "trend": 90.660082,
        "fair_value": 96.305585,
        "relative_strength": -11.583072,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 10.441031,
        "energy": 4.632381,
        "activity_lines": [
          90.758667,
          90.757637,
          90.800311,
          91.130831
        ]
      },
      {
        "date": "2025-07-25",
        "close": 99.720001,
        "volume": 283,
        "typical_volume": 276.95,
        "trend": 91.211052,
        "fair_value": 96.333375,
        "relative_strength": -3.866354,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 60.307031,
        "energy": 45.01376,
        "activity_lines": [
          93.996001,
          92.239273,
          91.60053,
          91.715342
        ]
      },
      {
        "date": "2025-08-01",
        "close": 89.360001,
        "volume": 348,
        "typical_volume": 270.8,
        "trend": 91.476727,
        "fair_value": 96.263227,
        "relative_strength": -11.12766,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 5.636604,
        "energy": 13.595357,
        "activity_lines": [
          92.945334,
          91.776728,
          91.421009,
          91.595919
        ]
      },
      {
        "date": "2025-08-08",
        "close": 95.760002,
        "volume": 262,
        "typical_volume": 260.65,
        "trend": 91.835658,
        "fair_value": 96.215349,
        "relative_strength": -9.741577,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 53.861945,
        "energy": 41.364303,
        "activity_lines": [
          93.994668,
          92.551274,
          91.905036,
          91.872259
        ]
      },
      {
        "date": "2025-08-15",
        "close": 99.760002,
        "volume": 10,
        "typical_volume": 251.6,
        "trend": 92.23724,
        "fair_value": 96.204633,
        "relative_strength": -8.081439,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 68.516069,
        "energy": 61.42903,
        "activity_lines": [
          95.977335,
          94.046547,
          92.767208,
          92.383507
        ]
      },
      {
        "date": "2025-08-22",
        "close": 101.800003,
        "volume": 215,
        "typical_volume": 243.7,
        "trend": 92.600503,
        "fair_value": 96.225571,
        "relative_strength": -4.747819,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.422634,
        "energy": 62.924844,
        "activity_lines": [
          98.250669,
          95.766183,
          93.782021,
          93.00046
        ]
      },
      {
        "date": "2025-08-29",
        "close": 99.480003,
        "volume": 4,
        "typical_volume": 192.25,
        "trend": 92.836401,
        "fair_value": 96.198859,
        "relative_strength": -3.229086,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.076107,
        "energy": 68.5922,
        "activity_lines": [
          98.984003,
          96.827275,
          94.482711,
          93.444299
        ]
      },
      {
        "date": "2025-09-05",
        "close": 100.0,
        "volume": 18,
        "typical_volume": 157.4,
        "trend": 93.232224,
        "fair_value": 96.185752,
        "relative_strength": -2.183889,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.092636,
        "energy": 69.890408,
        "activity_lines": [
          99.906668,
          97.759638,
          95.142046,
          93.906466
        ]
      },
      {
        "date": "2025-09-12",
        "close": 101.550003,
        "volume": 163,
        "typical_volume": 157.3,
        "trend": 93.485526,
        "fair_value": 96.181062,
        "relative_strength": -1.553939,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.515449,
        "energy": 69.563198,
        "activity_lines": [
          100.636669,
          98.771275,
          95.872976,
          94.443097
        ]
      },
      {
        "date": "2025-09-19",
        "close": 97.099998,
        "volume": 6,
        "typical_volume": 148.1,
        "trend": 93.628957,
        "fair_value": 96.176606,
        "relative_strength": -5.261095,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.360477,
        "energy": 39.992066,
        "activity_lines": [
          99.497334,
          98.759456,
          96.133056,
          94.676289
        ]
      },
      {
        "date": "2025-09-26",
        "close": 90.900002,
        "volume": 488,
        "typical_volume": 165.1,
        "trend": 93.392798,
        "fair_value": 96.193139,
        "relative_strength": -11.378094,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 22.58315,
        "energy": 13.645628,
        "activity_lines": [
          96.468668,
          97.562547,
          95.771001,
          94.500227
        ]
      },
      {
        "date": "2025-10-03",
        "close": 93.099998,
        "volume": 35,
        "typical_volume": 160.25,
        "trend": 93.123654,
        "fair_value": 96.206984,
        "relative_strength": -10.815662,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 21.540843,
        "energy": 17.992586,
        "activity_lines": [
          94.9,
          96.754728,
          95.632239,
          94.481337
        ]
      },
      {
        "date": "2025-10-10",
        "close": 88.720001,
        "volume": 351,
        "typical_volume": 165.55,
        "trend": 92.724145,
        "fair_value": 96.220082,
        "relative_strength": -12.988158,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "mixed",
        "direction": -17.006428,
        "energy": 26.048452,
        "activity_lines": [
          92.296667,
          95.27091,
          95.092001,
          94.19723
        ]
      },
      {
        "date": "2025-10-17",
        "close": 91.239998,
        "volume": 25,
        "typical_volume": 148.85,
        "trend": 92.59313,
        "fair_value": 96.227988,
        "relative_strength": -8.48512,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -17.737718,
        "energy": 28.955984,
        "activity_lines": [
          91.285333,
          94.256909,
          94.814048,
          94.101479
        ]
      },
      {
        "date": "2025-10-24",
        "close": 89.599998,
        "volume": 168,
        "typical_volume": 156.5,
        "trend": 92.545974,
        "fair_value": 96.229489,
        "relative_strength": -11.418767,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -26.564436,
        "energy": 43.056177,
        "activity_lines": [
          90.414666,
          93.026909,
          94.399715,
          93.908374
        ]
      },
      {
        "date": "2025-10-31",
        "close": 90.18,
        "volume": 256,
        "typical_volume": 157.4,
        "trend": 92.810839,
        "fair_value": 96.212916,
        "relative_strength": -13.106743,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -26.37189,
        "energy": 50.550912,
        "activity_lines": [
          90.237332,
          92.08709,
          94.050619,
          93.75573
        ]
      },
      {
        "date": "2025-11-07",
        "close": 94.260002,
        "volume": 42,
        "typical_volume": 147.05,
        "trend": 93.272994,
        "fair_value": 96.178108,
        "relative_strength": -7.95117,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -17.496072,
        "energy": 26.646206,
        "activity_lines": [
          91.468,
          92.100364,
          94.083429,
          93.849224
        ]
      },
      {
        "date": "2025-11-14",
        "close": 97.379997,
        "volume": 80,
        "typical_volume": 151.05,
        "trend": 93.717821,
        "fair_value": 96.170266,
        "relative_strength": -6.666084,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 18.381419,
        "energy": 10.799727,
        "activity_lines": [
          93.661332,
          92.775818,
          94.379762,
          94.114192
        ]
      },
      {
        "date": "2025-11-21",
        "close": 94.940002,
        "volume": 187,
        "typical_volume": 158.5,
        "trend": 93.826776,
        "fair_value": 96.168754,
        "relative_strength": -7.63468,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 13.089289,
        "energy": 15.134843,
        "activity_lines": [
          94.464,
          93.055272,
          94.403143,
          94.193043
        ]
      },
      {
        "date": "2025-11-28",
        "close": 98.5,
        "volume": 125,
        "typical_volume": 160.5,
        "trend": 94.095049,
        "fair_value": 96.176934,
        "relative_strength": -8.265008,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 51.443707,
        "energy": 37.157767,
        "activity_lines": [
          96.206667,
          94.102182,
          94.740905,
          94.494541
        ]
      },
      {
        "date": "2025-12-05",
        "close": 106.849998,
        "volume": 1389,
        "typical_volume": 222.75,
        "trend": 94.530334,
        "fair_value": 96.246589,
        "relative_strength": -1.836237,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 84.373731,
        "energy": 71.277604,
        "activity_lines": [
          100.139333,
          96.641818,
          95.852095,
          95.317441
        ]
      },
      {
        "date": "2025-12-12",
        "close": 108.349998,
        "volume": 562,
        "typical_volume": 236.7,
        "trend": 94.929,
        "fair_value": 96.332289,
        "relative_strength": -0.739236,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 87.403578,
        "energy": 86.079571,
        "activity_lines": [
          103.460666,
          99.164181,
          97.027333,
          96.209032
        ]
      },
      {
        "date": "2025-12-19",
        "close": 104.0,
        "volume": 65,
        "typical_volume": 222.55,
        "trend": 95.282334,
        "fair_value": 96.395815,
        "relative_strength": -6.828185,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.111284,
        "energy": 80.053956,
        "activity_lines": [
          104.392666,
          100.618363,
          97.74719,
          96.794258
        ]
      },
      {
        "date": "2025-12-26",
        "close": 103.449997,
        "volume": 158,
        "typical_volume": 217.35,
        "trend": 95.550667,
        "fair_value": 96.454985,
        "relative_strength": -7.277003,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.435513,
        "energy": 81.315602,
        "activity_lines": [
          104.699998,
          101.694726,
          98.344952,
          97.321204
        ]
      },
      {
        "date": "2026-01-02",
        "close": 105.699997,
        "volume": 15,
        "typical_volume": 217.6,
        "trend": 96.017333,
        "fair_value": 96.468462,
        "relative_strength": -6.896815,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 67.568742,
        "energy": 78.178957,
        "activity_lines": [
          105.189998,
          102.95818,
          99.12038,
          97.976
        ]
      },
      {
        "date": "2026-01-09",
        "close": 105.199997,
        "volume": 10,
        "typical_volume": 207.35,
        "trend": 96.564667,
        "fair_value": 96.496176,
        "relative_strength": -7.902493,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.304788,
        "energy": 52.537315,
        "activity_lines": [
          105.033331,
          103.837998,
          99.819904,
          98.56843
        ]
      },
      {
        "date": "2026-01-16",
        "close": 101.199997,
        "volume": 66,
        "typical_volume": 210.45,
        "trend": 97.031333,
        "fair_value": 96.498561,
        "relative_strength": -12.114997,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 48.134736,
        "energy": 37.669426,
        "activity_lines": [
          103.653331,
          103.717452,
          100.122284,
          98.867483
        ]
      },
      {
        "date": "2026-01-23",
        "close": 105.400002,
        "volume": 217,
        "typical_volume": 220.4,
        "trend": 97.582667,
        "fair_value": 96.51977,
        "relative_strength": -8.899449,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 52.746527,
        "energy": 37.150073,
        "activity_lines": [
          104.149999,
          104.234362,
          100.816475,
          99.407397
        ]
      },
      {
        "date": "2026-01-30",
        "close": 102.550003,
        "volume": 48,
        "typical_volume": 214.65,
        "trend": 98.009,
        "fair_value": 96.490316,
        "relative_strength": -12.266624,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 43.697139,
        "energy": 28.689967,
        "activity_lines": [
          103.603334,
          104.087272,
          101.213523,
          99.727871
        ]
      },
      {
        "date": "2026-02-06",
        "close": 100.900002,
        "volume": 44,
        "typical_volume": 216.55,
        "trend": 98.241667,
        "fair_value": 96.470739,
        "relative_strength": -14.213872,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.877535,
        "energy": 20.355719,
        "activity_lines": [
          102.566668,
          103.501818,
          101.448666,
          99.914387
        ]
      },
      {
        "date": "2026-02-13",
        "close": 102.949997,
        "volume": 149,
        "typical_volume": 199.6,
        "trend": 98.663333,
        "fair_value": 96.449974,
        "relative_strength": -11.417063,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.345061,
        "energy": 21.102641,
        "activity_lines": [
          102.533334,
          103.245454,
          101.860952,
          100.21815
        ]
      },
      {
        "date": "2026-02-20",
        "close": 102.75,
        "volume": 102,
        "typical_volume": 202.95,
        "trend": 98.764333,
        "fair_value": 96.442049,
        "relative_strength": -13.985156,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.605072,
        "energy": 17.245924,
        "activity_lines": [
          102.583333,
          103.023636,
          102.196809,
          100.481806
        ]
      },
      {
        "date": "2026-02-27",
        "close": 101.599998,
        "volume": 197,
        "typical_volume": 195.25,
        "trend": 99.172333,
        "fair_value": 96.352202,
        "relative_strength": -12.898005,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.289307,
        "energy": 16.225494,
        "activity_lines": [
          102.146666,
          102.694545,
          102.37719,
          100.664752
        ]
      },
      {
        "date": "2026-03-06",
        "close": 90.0,
        "volume": 447,
        "typical_volume": 216.35,
        "trend": 98.980333,
        "fair_value": 96.228801,
        "relative_strength": -18.053584,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "mixed",
        "direction": -38.917238,
        "energy": 31.171432,
        "activity_lines": [
          98.096666,
          100.3,
          101.391475,
          100.072989
        ]
      },
      {
        "date": "2026-03-13",
        "close": 89.5,
        "volume": 539,
        "typical_volume": 234.9,
        "trend": 98.638333,
        "fair_value": 96.177886,
        "relative_strength": -15.820347,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -43.047258,
        "energy": 60.342427,
        "activity_lines": [
          94.716666,
          98.059091,
          100.364047,
          99.461354
        ]
      },
      {
        "date": "2026-03-20",
        "close": 85.099998,
        "volume": 745,
        "typical_volume": 259.35,
        "trend": 98.081666,
        "fair_value": 96.105307,
        "relative_strength": -18.444428,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -49.680994,
        "energy": 75.193289,
        "activity_lines": [
          90.629999,
          95.312727,
          98.918047,
          98.587913
        ]
      },
      {
        "date": "2026-03-27",
        "close": 86.559998,
        "volume": 49,
        "typical_volume": 259.7,
        "trend": 97.650999,
        "fair_value": 96.008343,
        "relative_strength": -17.818034,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -46.773177,
        "energy": 76.849995,
        "activity_lines": [
          88.219999,
          93.197272,
          97.635285,
          97.84458
        ]
      },
      {
        "date": "2026-04-03",
        "close": 87.300003,
        "volume": 387,
        "typical_volume": 275.05,
        "trend": 97.227666,
        "fair_value": 95.925779,
        "relative_strength": -19.49565,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -65.89253,
        "energy": 83.619534,
        "activity_lines": [
          87.136,
          91.482545,
          96.459666,
          97.176774
        ]
      },
      {
        "date": "2026-04-10",
        "close": 89.300003,
        "volume": 133,
        "typical_volume": 272.35,
        "trend": 96.819333,
        "fair_value": 95.834231,
        "relative_strength": -22.225999,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.077265,
        "energy": 77.796388,
        "activity_lines": [
          87.672001,
          90.460546,
          95.522524,
          96.665311
        ]
      },
      {
        "date": "2026-04-17",
        "close": 86.490028,
        "volume": 246,
        "typical_volume": 278.4,
        "trend": 96.465667,
        "fair_value": 95.753846,
        "relative_strength": -25.994003,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.232681,
        "energy": 56.840244,
        "activity_lines": [
          87.31801,
          89.168551,
          94.344622,
          95.998905
        ]
      },
      {
        "date": "2026-04-24",
        "close": 81.332886,
        "volume": 45,
        "typical_volume": 211.2,
        "trend": 96.146763,
        "fair_value": 95.631888,
        "relative_strength": -27.3401,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -81.507188,
        "energy": 65.866095,
        "activity_lines": [
          85.445637,
          87.200893,
          92.732754,
          95.022596
        ]
      },
      {
        "date": "2026-05-01",
        "close": 80.807793,
        "volume": 129,
        "typical_volume": 189.55,
        "trend": 95.737023,
        "fair_value": 95.488291,
        "relative_strength": -27.746334,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.267997,
        "energy": 68.89488,
        "activity_lines": [
          83.649373,
          85.530803,
          91.192387,
          94.032985
        ]
      },
      {
        "date": "2026-05-08",
        "close": 82.270546,
        "volume": 397,
        "typical_volume": 206.15,
        "trend": 95.522041,
        "fair_value": 95.350564,
        "relative_strength": -26.984876,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.122478,
        "energy": 74.193866,
        "activity_lines": [
          82.724175,
          84.525616,
          89.922483,
          93.16418
        ]
      },
      {
        "date": "2026-05-15",
        "close": 82.401817,
        "volume": 65,
        "typical_volume": 201.5,
        "trend": 95.227435,
        "fair_value": 95.209666,
        "relative_strength": -26.003488,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.848393,
        "energy": 75.718572,
        "activity_lines": [
          82.17803,
          83.895742,
          88.768555,
          92.317714
        ]
      },
      {
        "date": "2026-05-22",
        "close": 84.202133,
        "volume": 61,
        "typical_volume": 203.8,
        "trend": 95.047506,
        "fair_value": 95.086662,
        "relative_strength": -25.392874,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.800561,
        "energy": 55.091737,
        "activity_lines": [
          82.69187,
          83.731347,
          87.886315,
          91.606404
        ]
      },
      {
        "date": "2026-05-29",
        "close": 86.321251,
        "volume": 386,
        "typical_volume": 222.6,
        "trend": 94.918881,
        "fair_value": 94.962415,
        "relative_strength": -25.007283,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -48.317365,
        "energy": 39.958832,
        "activity_lines": [
          84.064608,
          84.048571,
          87.308266,
          91.04342
        ]
      },
      {
        "date": "2026-06-05",
        "close": 82.120522,
        "volume": 0,
        "typical_volume": 219.3,
        "trend": 94.514232,
        "fair_value": 94.785266,
        "relative_strength": -27.367229,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.590271,
        "energy": 42.368777,
        "activity_lines": [
          83.704546,
          83.579821,
          86.420047,
          90.21772
        ]
      },
      {
        "date": "2026-06-12",
        "close": 82.701874,
        "volume": 96,
        "typical_volume": 213.25,
        "trend": 94.024961,
        "fair_value": 94.596681,
        "relative_strength": -28.361264,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.479391,
        "energy": 39.098521,
        "activity_lines": [
          83.450753,
          83.297489,
          85.67805,
          89.455632
        ]
      },
      {
        "date": "2026-06-19",
        "close": 80.239998,
        "volume": 250,
        "typical_volume": 223.35,
        "trend": 93.534961,
        "fair_value": 94.429104,
        "relative_strength": -32.80873,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.161342,
        "energy": 50.767142,
        "activity_lines": [
          82.347579,
          82.651146,
          84.809674,
          88.566279
        ]
      },
      {
        "date": "2026-06-26",
        "close": 74.519997,
        "volume": 2724,
        "typical_volume": 357.35,
        "trend": 92.735628,
        "fair_value": 94.222073,
        "relative_strength": -35.844155,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -86.179759,
        "energy": 82.934496,
        "activity_lines": [
          79.48186,
          81.12953,
          83.502774,
          87.339508
        ]
      },
      {
        "date": "2026-07-03",
        "close": 74.5,
        "volume": 1129,
        "typical_volume": 406.35,
        "trend": 91.657295,
        "fair_value": 94.018482,
        "relative_strength": -36.810222,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -81.875662,
        "energy": 89.253934,
        "activity_lines": [
          77.25495,
          79.821915,
          82.319589,
          86.163015
        ]
      },
      {
        "date": "2026-07-10",
        "close": 71.059998,
        "volume": 8390,
        "typical_volume": 820.75,
        "trend": 90.414295,
        "fair_value": 93.786039,
        "relative_strength": -38.314785,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -86.859192,
        "energy": 93.27817,
        "activity_lines": [
          74.669457,
          78.01308,
          80.944261,
          84.834158
        ]
      },
      {
        "date": "2026-07-17",
        "close": 73.220001,
        "volume": 4851,
        "typical_volume": 1053.45,
        "trend": 89.388295,
        "fair_value": 93.564209,
        "relative_strength": -34.631052,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.113875,
        "energy": 88.385406,
        "activity_lines": [
          73.541333,
          76.774205,
          79.925553,
          83.724848
        ]
      },
      {
        "date": "2026-07-24",
        "close": 71.18,
        "volume": 7790,
        "typical_volume": 1420.6,
        "trend": 88.312628,
        "fair_value": 93.343126,
        "relative_strength": -36.601694,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.5348,
        "energy": 89.220308,
        "activity_lines": [
          72.365333,
          75.328976,
          78.847701,
          82.55012
        ]
      },
      {
        "date": "2026-07-31",
        "close": 74.900002,
        "volume": 7686,
        "typical_volume": 1777.95,
        "trend": 87.285961,
        "fair_value": 93.161274,
        "relative_strength": -32.680368,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.76573,
        "energy": 65.011761,
        "activity_lines": [
          73.033334,
          74.764144,
          78.213754,
          81.684789
        ]
      },
      {
        "date": "2026-08-07",
        "close": 76.739998,
        "volume": 3011,
        "typical_volume": 1891.25,
        "trend": 86.337295,
        "fair_value": 93.000358,
        "relative_strength": -32.385982,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.121173,
        "energy": 56.434411,
        "activity_lines": [
          74.289333,
          74.702986,
          77.824569,
          81.004404
        ]
      }
    ],
    "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."
    }
  }
}