{
  "ticker": {
    "uuid": "ebcf8b85-46a1-4aab-8609-a22770805751",
    "symbol": "600600",
    "name": "Tsingtao Brewery Company Limited",
    "exchange": "SHH",
    "country": "CN",
    "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": "000001.SS",
    "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": -45.002,
    "architecture_energy": 35.202,
    "architecture_maturity": 80.508,
    "architecture_confidence": 83.665,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 24.62,
        "rotation_up": 27.46,
        "upward_expansion": 18.5,
        "deceleration": 47.0,
        "rotation_down": 33.57,
        "downward_expansion": 66.16
      },
      "activity_lines": [
        53.779439,
        53.106164,
        55.630267,
        57.38005
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 53.599998,
    "trend_reference": 59.26919,
    "distance_from_trend": -0.095652,
    "trend_direction": "Weakening",
    "fair_value": 68.822263,
    "distance_from_fair_value": -0.221182,
    "fair_value_direction": "Weakening",
    "relative_strength": -13.127931,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.107856,
    "excess_performance": -0.064652,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.095652,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.053152,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.221182,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.085936,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.131279,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.003204,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.107856,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.31997,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 35745844,
      "relative_activity": 1.389972,
      "balance": 1.31997,
      "dry_up": 1.602833,
      "accumulation_observations": 4,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.054377,
      "annualized_volatility": 0.240145,
      "from_high_reference": -0.236793,
      "from_low_reference": 0.08623
    },
    "levels": {
      "trend_reference": 59.26919,
      "fair_value_reference": 68.822263,
      "structural_low": 49.345003,
      "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": 27,
        "median_return": 0.00145,
        "positive_rate": 0.518519,
        "directional_follow_through": 0.481481,
        "median_excess_return": -0.014852,
        "regime_survival": 0.814815,
        "best_return": 0.294921,
        "worst_return": -0.116579,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": 0.00495,
        "positive_rate": 0.555556,
        "directional_follow_through": 0.444444,
        "median_excess_return": -0.071933,
        "regime_survival": 0.444444,
        "best_return": 0.229356,
        "worst_return": -0.150305,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": -0.0339,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.07609,
        "regime_survival": 0.428571,
        "best_return": 0.042748,
        "worst_return": -0.26814,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.079637,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.184801,
        "regime_survival": 0.5,
        "best_return": 0.297068,
        "worst_return": -0.264398,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-07-05",
        "end": "2024-07-26",
        "tenure": "New",
        "return": -0.026847,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-02",
        "end": "2024-09-27",
        "tenure": "Developing",
        "return": 0.068397,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-10-04",
        "end": "2024-11-01",
        "tenure": "Developing",
        "return": -0.144863,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-08",
        "end": "2024-11-29",
        "tenure": "New",
        "return": -0.007615,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-12-06",
        "end": "2024-12-20",
        "tenure": "New",
        "return": 0.055661,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-27",
        "end": "2025-01-24",
        "tenure": "Developing",
        "return": -0.124138,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-31",
        "end": "2025-02-21",
        "tenure": "New",
        "return": -0.023015,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-02-28",
        "end": "2025-03-14",
        "tenure": "New",
        "return": 0.064868,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-21",
        "end": "2025-04-04",
        "tenure": "New",
        "return": 0.097014,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-04-11",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": -0.089162,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-06-20",
        "tenure": "Developing",
        "return": -0.011949,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-06-27",
        "end": "2026-03-20",
        "tenure": "Extended",
        "return": -0.096867,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-27",
        "end": "2026-06-05",
        "tenure": "Developing",
        "return": -0.044341,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-06-12",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.075378,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-07-28",
        "close": 94.279846,
        "volume": 22552677,
        "typical_volume": 24412214.9,
        "trend": 99.197683,
        "fair_value": 86.935647,
        "relative_strength": -4.821928,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -51.913607,
        "energy": 35.543216,
        "activity_lines": [
          93.625129,
          93.998738,
          96.480333,
          98.050027
        ]
      },
      {
        "date": "2023-08-04",
        "close": 93.253639,
        "volume": 37345108,
        "typical_volume": 25284804.15,
        "trend": 98.990604,
        "fair_value": 87.059608,
        "relative_strength": -6.273714,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.599726,
        "energy": 32.66608,
        "activity_lines": [
          93.394972,
          93.896927,
          95.899737,
          97.666541
        ]
      },
      {
        "date": "2023-08-11",
        "close": 89.95845,
        "volume": 16928595,
        "typical_volume": 24804749.85,
        "trend": 98.710697,
        "fair_value": 87.169304,
        "relative_strength": -6.794895,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.501259,
        "energy": 47.912016,
        "activity_lines": [
          92.241857,
          93.179911,
          95.038377,
          97.083821
        ]
      },
      {
        "date": "2023-08-18",
        "close": 88.762772,
        "volume": 26161415,
        "typical_volume": 24770455.7,
        "trend": 98.300874,
        "fair_value": 87.255816,
        "relative_strength": -6.279532,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.44441,
        "energy": 54.217074,
        "activity_lines": [
          90.882359,
          92.275199,
          94.129609,
          96.442019
        ]
      },
      {
        "date": "2023-08-25",
        "close": 90.09967,
        "volume": 22432944,
        "typical_volume": 24960964.2,
        "trend": 98.060834,
        "fair_value": 87.386066,
        "relative_strength": -2.754181,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.1807,
        "energy": 57.457991,
        "activity_lines": [
          90.414127,
          91.66214,
          93.456852,
          95.912909
        ]
      },
      {
        "date": "2023-09-01",
        "close": 86.78566,
        "volume": 26887912,
        "typical_volume": 25005584.6,
        "trend": 97.743329,
        "fair_value": 87.506989,
        "relative_strength": -8.300013,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.397372,
        "energy": 65.942604,
        "activity_lines": [
          88.919056,
          90.590249,
          92.577405,
          95.185479
        ]
      },
      {
        "date": "2023-09-08",
        "close": 85.872421,
        "volume": 19784456,
        "typical_volume": 24882715.05,
        "trend": 97.451206,
        "fair_value": 87.580786,
        "relative_strength": -8.590171,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.755749,
        "energy": 66.158117,
        "activity_lines": [
          87.619183,
          89.501949,
          91.708287,
          94.419614
        ]
      },
      {
        "date": "2023-09-15",
        "close": 84.121269,
        "volume": 14212435,
        "typical_volume": 24033360.75,
        "trend": 96.948042,
        "fair_value": 87.59104,
        "relative_strength": -10.332709,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.029761,
        "energy": 70.166343,
        "activity_lines": [
          86.227675,
          88.277308,
          90.767306,
          93.559618
        ]
      },
      {
        "date": "2023-09-22",
        "close": 83.867073,
        "volume": 15779438,
        "typical_volume": 24054379.0,
        "trend": 96.557307,
        "fair_value": 87.654888,
        "relative_strength": -10.986195,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.183826,
        "energy": 71.064198,
        "activity_lines": [
          85.14058,
          87.164992,
          89.916161,
          92.715684
        ]
      },
      {
        "date": "2023-09-29",
        "close": 82.341873,
        "volume": 13540711,
        "typical_volume": 23403544.1,
        "trend": 95.810702,
        "fair_value": 87.736455,
        "relative_strength": -11.793268,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.504846,
        "energy": 71.349911,
        "activity_lines": [
          83.871464,
          85.985916,
          89.014528,
          91.79856
        ]
      },
      {
        "date": "2023-10-13",
        "close": 78.886642,
        "volume": 18691363,
        "typical_volume": 22781874.75,
        "trend": 95.031581,
        "fair_value": 87.799129,
        "relative_strength": -14.603055,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -79.892778,
        "energy": 77.871324,
        "activity_lines": [
          81.967792,
          84.340893,
          87.84845,
          90.706685
        ]
      },
      {
        "date": "2023-10-20",
        "close": 76.344643,
        "volume": 13344796,
        "typical_volume": 22095323.65,
        "trend": 94.236504,
        "fair_value": 87.861202,
        "relative_strength": -14.06366,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -82.151855,
        "energy": 82.477036,
        "activity_lines": [
          79.743388,
          82.513565,
          86.538009,
          89.501076
        ]
      },
      {
        "date": "2023-10-27",
        "close": 79.460945,
        "volume": 42502403,
        "typical_volume": 22494591.65,
        "trend": 93.421318,
        "fair_value": 87.933951,
        "relative_strength": -11.311819,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.601722,
        "energy": 71.187459,
        "activity_lines": [
          79.192936,
          81.560274,
          85.600666,
          88.547814
        ]
      },
      {
        "date": "2023-11-03",
        "close": 75.32785,
        "volume": 25687810,
        "typical_volume": 22666494.35,
        "trend": 92.212681,
        "fair_value": 87.983055,
        "relative_strength": -16.036842,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.824982,
        "energy": 75.540842,
        "activity_lines": [
          77.575474,
          80.046374,
          84.327462,
          87.380493
        ]
      },
      {
        "date": "2023-11-10",
        "close": 76.024544,
        "volume": 21024379,
        "typical_volume": 21895080.25,
        "trend": 90.981003,
        "fair_value": 88.03209,
        "relative_strength": -15.391147,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.803185,
        "energy": 73.696287,
        "activity_lines": [
          76.759526,
          78.903418,
          83.197309,
          86.336098
        ]
      },
      {
        "date": "2023-11-17",
        "close": 73.868553,
        "volume": 18183379,
        "typical_volume": 22060324.55,
        "trend": 89.869298,
        "fair_value": 88.034926,
        "relative_strength": -17.90042,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.59506,
        "energy": 67.934594,
        "activity_lines": [
          75.646068,
          77.624374,
          81.966488,
          85.232068
        ]
      },
      {
        "date": "2023-11-24",
        "close": 72.023254,
        "volume": 18959808,
        "typical_volume": 22022998.5,
        "trend": 88.743272,
        "fair_value": 88.036106,
        "relative_strength": -19.246098,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.679462,
        "energy": 79.882681,
        "activity_lines": [
          74.252051,
          76.244678,
          80.660624,
          84.080711
        ]
      },
      {
        "date": "2023-12-01",
        "close": 69.75428,
        "volume": 17772987,
        "typical_volume": 21931339.9,
        "trend": 87.466049,
        "fair_value": 88.014661,
        "relative_strength": -21.21314,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -80.3906,
        "energy": 86.347778,
        "activity_lines": [
          72.389801,
          74.704245,
          79.252295,
          82.855615
        ]
      },
      {
        "date": "2023-12-08",
        "close": 67.457069,
        "volume": 21877798,
        "typical_volume": 22235886.2,
        "trend": 86.255669,
        "fair_value": 87.953262,
        "relative_strength": -21.950587,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -85.032861,
        "energy": 91.866121,
        "activity_lines": [
          70.408925,
          73.007354,
          77.735122,
          81.564713
        ]
      },
      {
        "date": "2023-12-15",
        "close": 65.724747,
        "volume": 21172901,
        "typical_volume": 21742165.75,
        "trend": 85.249394,
        "fair_value": 87.844718,
        "relative_strength": -22.856467,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -84.182879,
        "energy": 92.757631,
        "activity_lines": [
          68.375327,
          71.29386,
          76.186252,
          80.240137
        ]
      },
      {
        "date": "2023-12-22",
        "close": 66.911011,
        "volume": 18572497,
        "typical_volume": 21543156.75,
        "trend": 84.166079,
        "fair_value": 87.755171,
        "relative_strength": -20.235653,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.332772,
        "energy": 87.63456,
        "activity_lines": [
          67.423804,
          70.09818,
          74.87199,
          79.057016
        ]
      },
      {
        "date": "2023-12-29",
        "close": 70.375656,
        "volume": 21807656,
        "typical_volume": 20766284.15,
        "trend": 83.43296,
        "fair_value": 87.646911,
        "relative_strength": -17.366117,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.062222,
        "energy": 69.7714,
        "activity_lines": [
          68.090999,
          69.750174,
          74.018022,
          78.167311
        ]
      },
      {
        "date": "2024-01-05",
        "close": 65.903625,
        "volume": 15563580,
        "typical_volume": 20698033.4,
        "trend": 82.576681,
        "fair_value": 87.481441,
        "relative_strength": -20.834103,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -74.72258,
        "energy": 67.145803,
        "activity_lines": [
          67.377356,
          68.697598,
          72.84709,
          77.036386
        ]
      },
      {
        "date": "2024-01-12",
        "close": 67.94664,
        "volume": 19809179,
        "typical_volume": 20380421.6,
        "trend": 81.793746,
        "fair_value": 87.329881,
        "relative_strength": -16.556366,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.388772,
        "energy": 58.536323,
        "activity_lines": [
          67.601429,
          68.262977,
          71.985277,
          76.092512
        ]
      },
      {
        "date": "2024-01-19",
        "close": 66.798035,
        "volume": 17264661,
        "typical_volume": 20122007.45,
        "trend": 80.753545,
        "fair_value": 87.188398,
        "relative_strength": -16.095545,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.759922,
        "energy": 55.570959,
        "activity_lines": [
          67.409996,
          67.753721,
          71.113197,
          75.125047
        ]
      },
      {
        "date": "2024-01-26",
        "close": 67.984299,
        "volume": 24291518,
        "typical_volume": 19992187.75,
        "trend": 79.852506,
        "fair_value": 87.04638,
        "relative_strength": -16.41991,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.032814,
        "energy": 53.905919,
        "activity_lines": [
          67.542431,
          67.627905,
          70.465055,
          74.301225
        ]
      },
      {
        "date": "2024-02-02",
        "close": 67.852493,
        "volume": 30282192,
        "typical_volume": 20517074.55,
        "trend": 78.918082,
        "fair_value": 86.862246,
        "relative_strength": -10.776129,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.509415,
        "energy": 47.39376,
        "activity_lines": [
          67.559378,
          67.585111,
          69.89389,
          73.52703
        ]
      },
      {
        "date": "2024-02-09",
        "close": 73.548447,
        "volume": 30248988,
        "typical_volume": 21318902.2,
        "trend": 78.274993,
        "fair_value": 86.792344,
        "relative_strength": -7.621752,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.154906,
        "energy": 26.86988,
        "activity_lines": [
          69.643188,
          68.653777,
          69.951007,
          73.180602
        ]
      },
      {
        "date": "2024-02-23",
        "close": 78.142876,
        "volume": 33525916,
        "typical_volume": 22206226.1,
        "trend": 77.69818,
        "fair_value": 86.750091,
        "relative_strength": -6.194536,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -1.515407,
        "energy": 14.148815,
        "activity_lines": [
          72.748819,
          70.488808,
          70.496035,
          73.172079
        ]
      },
      {
        "date": "2024-03-01",
        "close": 75.695023,
        "volume": 27378870,
        "typical_volume": 22898134.05,
        "trend": 77.17911,
        "fair_value": 86.719177,
        "relative_strength": -9.435263,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 1.922383,
        "energy": 21.043082,
        "activity_lines": [
          74.35875,
          71.684489,
          70.835192,
          73.042843
        ]
      },
      {
        "date": "2024-03-08",
        "close": 73.82148,
        "volume": 20587130,
        "typical_volume": 22992922.4,
        "trend": 76.497165,
        "fair_value": 86.624227,
        "relative_strength": -11.919663,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -0.476529,
        "energy": 23.188164,
        "activity_lines": [
          74.751034,
          72.358247,
          71.027568,
          72.826222
        ]
      },
      {
        "date": "2024-03-15",
        "close": 78.886642,
        "volume": 31216180,
        "typical_volume": 23886491.6,
        "trend": 76.018265,
        "fair_value": 86.57314,
        "relative_strength": -5.769995,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 32.858817,
        "energy": 36.275604,
        "activity_lines": [
          76.44256,
          73.827298,
          71.72646,
          72.980381
        ]
      },
      {
        "date": "2024-03-22",
        "close": 79.131432,
        "volume": 16856879,
        "typical_volume": 22604215.4,
        "trend": 75.657364,
        "fair_value": 86.551408,
        "relative_strength": -4.892647,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 31.473464,
        "energy": 48.901333,
        "activity_lines": [
          77.480073,
          75.186112,
          72.436561,
          73.181231
        ]
      },
      {
        "date": "2024-03-29",
        "close": 78.491226,
        "volume": 20464837,
        "typical_volume": 22343066.75,
        "trend": 75.314979,
        "fair_value": 86.591666,
        "relative_strength": -5.113848,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 26.774589,
        "energy": 41.430671,
        "activity_lines": [
          77.931984,
          76.188019,
          73.087259,
          73.364061
        ]
      },
      {
        "date": "2024-04-05",
        "close": 76.071625,
        "volume": 17896479,
        "typical_volume": 22186671.75,
        "trend": 74.847378,
        "fair_value": 86.632283,
        "relative_strength": -8.426081,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 31.182811,
        "energy": 34.780732,
        "activity_lines": [
          77.554139,
          76.558279,
          73.492455,
          73.412876
        ]
      },
      {
        "date": "2024-04-12",
        "close": 70.027313,
        "volume": 32582528,
        "typical_volume": 22906629.2,
        "trend": 74.288766,
        "fair_value": 86.633574,
        "relative_strength": -13.642215,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": -2.287682,
        "energy": 8.610171,
        "activity_lines": [
          75.136417,
          75.660963,
          73.321778,
          73.101905
        ]
      },
      {
        "date": "2024-04-19",
        "close": 72.324524,
        "volume": 28882344,
        "typical_volume": 23402756.0,
        "trend": 73.83717,
        "fair_value": 86.633779,
        "relative_strength": -11.485197,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 0.42375,
        "energy": 8.414196,
        "activity_lines": [
          73.737375,
          75.144175,
          73.388174,
          72.975179
        ]
      },
      {
        "date": "2024-04-26",
        "close": 74.376953,
        "volume": 25577743,
        "typical_volume": 23792993.8,
        "trend": 73.512359,
        "fair_value": 86.636793,
        "relative_strength": -9.13526,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -0.807641,
        "energy": 11.591471,
        "activity_lines": [
          73.459952,
          74.919247,
          73.648606,
          73.010004
        ]
      },
      {
        "date": "2024-05-03",
        "close": 77.163734,
        "volume": 19228512,
        "typical_volume": 23660529.5,
        "trend": 73.288914,
        "fair_value": 86.640639,
        "relative_strength": -5.729941,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 10.379327,
        "energy": 13.058752,
        "activity_lines": [
          74.42842,
          75.185942,
          74.152432,
          73.245577
        ]
      },
      {
        "date": "2024-05-10",
        "close": 81.438057,
        "volume": 34638369,
        "typical_volume": 24333802.9,
        "trend": 73.258787,
        "fair_value": 86.662758,
        "relative_strength": -1.59507,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 65.485673,
        "energy": 40.958797,
        "activity_lines": [
          76.910163,
          76.24759,
          75.017115,
          73.771328
        ]
      },
      {
        "date": "2024-05-17",
        "close": 81.004974,
        "volume": 21969976,
        "typical_volume": 24503676.85,
        "trend": 73.329398,
        "fair_value": 86.671056,
        "relative_strength": -1.710501,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.379944,
        "energy": 64.608195,
        "activity_lines": [
          78.889782,
          77.126076,
          75.765726,
          74.271082
        ]
      },
      {
        "date": "2024-05-24",
        "close": 78.265266,
        "volume": 17574063,
        "typical_volume": 24291997.2,
        "trend": 73.393419,
        "fair_value": 86.634471,
        "relative_strength": -2.747349,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.301751,
        "energy": 66.128567,
        "activity_lines": [
          79.224321,
          77.375825,
          76.186299,
          74.589525
        ]
      },
      {
        "date": "2024-05-31",
        "close": 73.087128,
        "volume": 38251184,
        "typical_volume": 25426377.4,
        "trend": 73.180959,
        "fair_value": 86.573935,
        "relative_strength": -8.676396,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 43.232511,
        "energy": 44.162189,
        "activity_lines": [
          77.436765,
          76.695392,
          76.076146,
          74.569764
        ]
      },
      {
        "date": "2024-06-07",
        "close": 74.847687,
        "volume": 30659775,
        "typical_volume": 25968907.2,
        "trend": 73.164953,
        "fair_value": 86.523581,
        "relative_strength": -5.090112,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 35.096411,
        "energy": 18.730323,
        "activity_lines": [
          76.32205,
          76.444957,
          76.099459,
          74.677295
        ]
      },
      {
        "date": "2024-06-14",
        "close": 72.945908,
        "volume": 21099449,
        "typical_volume": 26160646.6,
        "trend": 73.062332,
        "fair_value": 86.398894,
        "relative_strength": -6.634035,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 12.931174,
        "energy": 16.065347,
        "activity_lines": [
          74.727812,
          75.91499,
          75.908787,
          74.663163
        ]
      },
      {
        "date": "2024-06-21",
        "close": 68.925781,
        "volume": 36704315,
        "typical_volume": 26781286.45,
        "trend": 72.897573,
        "fair_value": 86.248903,
        "relative_strength": -10.409666,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -32.931692,
        "energy": 33.656453,
        "activity_lines": [
          72.359675,
          74.710922,
          75.30597,
          74.396289
        ]
      },
      {
        "date": "2024-06-28",
        "close": 68.511528,
        "volume": 22225024,
        "typical_volume": 26378428.05,
        "trend": 72.780515,
        "fair_value": 86.078468,
        "relative_strength": -9.561345,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -33.845974,
        "energy": 48.185875,
        "activity_lines": [
          70.658733,
          73.451563,
          74.659218,
          74.113318
        ]
      },
      {
        "date": "2024-07-05",
        "close": 64.670288,
        "volume": 26553252,
        "typical_volume": 26193641.25,
        "trend": 72.611049,
        "fair_value": 85.895152,
        "relative_strength": -13.61957,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -45.702188,
        "energy": 66.369885,
        "activity_lines": [
          68.327627,
          71.563124,
          73.643495,
          73.590078
        ]
      },
      {
        "date": "2024-07-12",
        "close": 66.270805,
        "volume": 38513683,
        "typical_volume": 26443029.6,
        "trend": 72.571507,
        "fair_value": 85.6946,
        "relative_strength": -11.606344,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -42.873148,
        "energy": 68.914916,
        "activity_lines": [
          67.091149,
          70.142173,
          72.822479,
          73.18103
        ]
      },
      {
        "date": "2024-07-19",
        "close": 68.294121,
        "volume": 26949948,
        "typical_volume": 26421583.5,
        "trend": 72.657153,
        "fair_value": 85.498589,
        "relative_strength": -8.817045,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -37.699972,
        "energy": 64.117564,
        "activity_lines": [
          67.100902,
          69.287151,
          72.250693,
          72.905069
        ]
      },
      {
        "date": "2024-07-26",
        "close": 62.934109,
        "volume": 27134590,
        "typical_volume": 26748956.5,
        "trend": 72.524589,
        "fair_value": 85.258628,
        "relative_strength": -12.801675,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -79.131111,
        "energy": 78.709884,
        "activity_lines": [
          65.634103,
          67.696562,
          71.203673,
          72.277776
        ]
      },
      {
        "date": "2024-08-02",
        "close": 64.620621,
        "volume": 30273486,
        "typical_volume": 26701821.8,
        "trend": 72.332755,
        "fair_value": 85.040987,
        "relative_strength": -10.456852,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.729129,
        "energy": 64.797867,
        "activity_lines": [
          65.12892,
          66.741173,
          70.369117,
          71.767843
        ]
      },
      {
        "date": "2024-08-09",
        "close": 65.628654,
        "volume": 24766212,
        "typical_volume": 27097288.45,
        "trend": 72.323589,
        "fair_value": 84.899856,
        "relative_strength": -7.269256,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.671252,
        "energy": 50.472594,
        "activity_lines": [
          65.219142,
          66.217147,
          69.698498,
          71.33532
        ]
      },
      {
        "date": "2024-08-16",
        "close": 62.304089,
        "volume": 19789140,
        "typical_volume": 27063503.6,
        "trend": 72.135504,
        "fair_value": 84.727181,
        "relative_strength": -12.033717,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.347735,
        "energy": 60.263941,
        "activity_lines": [
          64.137284,
          65.224263,
          68.775553,
          70.688901
        ]
      },
      {
        "date": "2024-08-23",
        "close": 56.265594,
        "volume": 38547689,
        "typical_volume": 28096064.1,
        "trend": 71.784423,
        "fair_value": 84.52353,
        "relative_strength": -19.326103,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -85.070495,
        "energy": 76.169849,
        "activity_lines": [
          61.307043,
          63.361536,
          67.354594,
          69.665036
        ]
      },
      {
        "date": "2024-08-30",
        "close": 57.622559,
        "volume": 28749729,
        "typical_volume": 27904424.15,
        "trend": 71.439031,
        "fair_value": 84.426237,
        "relative_strength": -16.497004,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.391537,
        "energy": 83.311771,
        "activity_lines": [
          59.731024,
          62.048809,
          66.157185,
          68.751367
        ]
      },
      {
        "date": "2024-09-06",
        "close": 55.112175,
        "volume": 19493751,
        "typical_volume": 27434994.5,
        "trend": 71.014354,
        "fair_value": 84.302387,
        "relative_strength": -17.307715,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.803565,
        "energy": 90.365111,
        "activity_lines": [
          57.672315,
          60.485161,
          64.779762,
          67.698021
        ]
      },
      {
        "date": "2024-09-13",
        "close": 52.301315,
        "volume": 20446358,
        "typical_volume": 27178425.25,
        "trend": 70.306116,
        "fair_value": 84.127649,
        "relative_strength": -19.195261,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -83.398297,
        "energy": 92.583128,
        "activity_lines": [
          55.310549,
          58.654073,
          63.216601,
          66.490729
        ]
      },
      {
        "date": "2024-09-20",
        "close": 55.761578,
        "volume": 21880341,
        "typical_volume": 27311016.7,
        "trend": 69.560073,
        "fair_value": 83.983887,
        "relative_strength": -14.385603,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.459535,
        "energy": 85.103721,
        "activity_lines": [
          54.990692,
          57.677014,
          62.088112,
          65.552371
        ]
      },
      {
        "date": "2024-09-27",
        "close": 69.040459,
        "volume": 56436223,
        "typical_volume": 28400909.4,
        "trend": 69.338254,
        "fair_value": 83.910764,
        "relative_strength": -5.68643,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -33.532488,
        "energy": 36.61407,
        "activity_lines": [
          59.533297,
          59.305373,
          62.326192,
          65.518848
        ]
      },
      {
        "date": "2024-10-04",
        "close": 75.941589,
        "volume": 22507211,
        "typical_volume": 28427771.15,
        "trend": 69.408924,
        "fair_value": 83.892374,
        "relative_strength": -3.686672,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "down",
        "direction": 0.884998,
        "energy": 15.807354,
        "activity_lines": [
          65.524621,
          62.174914,
          63.28056,
          65.944869
        ]
      },
      {
        "date": "2024-10-11",
        "close": 68.478279,
        "volume": 61085769,
        "typical_volume": 30603356.45,
        "trend": 69.061979,
        "fair_value": 83.817699,
        "relative_strength": -9.564691,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "down",
        "direction": -11.671554,
        "energy": 28.245677,
        "activity_lines": [
          67.806907,
          63.45099,
          63.548247,
          65.884828
        ]
      },
      {
        "date": "2024-10-18",
        "close": 66.394371,
        "volume": 36179911,
        "typical_volume": 30499792.8,
        "trend": 68.63741,
        "fair_value": 83.762853,
        "relative_strength": -13.126601,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "down",
        "direction": -0.922237,
        "energy": 27.243414,
        "activity_lines": [
          68.503482,
          64.278034,
          63.664071,
          65.712724
        ]
      },
      {
        "date": "2024-10-25",
        "close": 67.19886,
        "volume": 30167468,
        "typical_volume": 30475177.45,
        "trend": 68.260998,
        "fair_value": 83.730109,
        "relative_strength": -12.715726,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 18.463634,
        "energy": 30.805282,
        "activity_lines": [
          68.528684,
          65.237426,
          63.888384,
          65.619914
        ]
      },
      {
        "date": "2024-11-01",
        "close": 64.940475,
        "volume": 30161061,
        "typical_volume": 30928258.05,
        "trend": 67.88996,
        "fair_value": 83.67421,
        "relative_strength": -14.478374,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "down",
        "direction": -5.82134,
        "energy": 13.27566,
        "activity_lines": [
          67.038605,
          65.697207,
          63.934036,
          65.405687
        ]
      },
      {
        "date": "2024-11-08",
        "close": 71.279442,
        "volume": 47461593,
        "typical_volume": 31466121.95,
        "trend": 67.931697,
        "fair_value": 83.639772,
        "relative_strength": -10.721173,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 25.346437,
        "energy": 19.073741,
        "activity_lines": [
          67.934847,
          67.151803,
          64.62152,
          65.624363
        ]
      },
      {
        "date": "2024-11-15",
        "close": 71.095284,
        "volume": 32572608,
        "typical_volume": 31983501.15,
        "trend": 67.890723,
        "fair_value": 83.602395,
        "relative_strength": -7.418953,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 23.034545,
        "energy": 20.737676,
        "activity_lines": [
          69.080514,
          68.324608,
          65.280257,
          65.828466
        ]
      },
      {
        "date": "2024-11-22",
        "close": 67.683487,
        "volume": 20023662,
        "typical_volume": 31657021.65,
        "trend": 67.667607,
        "fair_value": 83.566894,
        "relative_strength": -9.887189,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 13.906133,
        "energy": 16.493375,
        "activity_lines": [
          68.914447,
          68.586485,
          65.601757,
          65.815096
        ]
      },
      {
        "date": "2024-11-29",
        "close": 70.736664,
        "volume": 23481139,
        "typical_volume": 30905394.45,
        "trend": 67.453372,
        "fair_value": 83.408894,
        "relative_strength": -7.312516,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 30.487923,
        "energy": 28.95225,
        "activity_lines": [
          69.680165,
          69.123809,
          66.199687,
          66.013099
        ]
      },
      {
        "date": "2024-12-06",
        "close": 71.570221,
        "volume": 21295963,
        "typical_volume": 30622695.2,
        "trend": 67.124444,
        "fair_value": 83.295053,
        "relative_strength": -8.206011,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 31.594139,
        "energy": 32.518047,
        "activity_lines": [
          70.487882,
          69.540414,
          66.855738,
          66.278702
        ]
      },
      {
        "date": "2024-12-13",
        "close": 76.571609,
        "volume": 48975574,
        "typical_volume": 31714744.4,
        "trend": 66.976665,
        "fair_value": 83.236433,
        "relative_strength": -1.426501,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 44.279377,
        "energy": 43.991777,
        "activity_lines": [
          72.520745,
          70.820368,
          67.972511,
          66.888197
        ]
      },
      {
        "date": "2024-12-20",
        "close": 75.553879,
        "volume": 27186252,
        "typical_volume": 31560382.7,
        "trend": 66.886285,
        "fair_value": 83.143085,
        "relative_strength": -2.057044,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 65.717209,
        "energy": 60.260544,
        "activity_lines": [
          73.861554,
          71.903824,
          68.927417,
          67.441566
        ]
      },
      {
        "date": "2024-12-27",
        "close": 77.298553,
        "volume": 20124937,
        "typical_volume": 31328318.95,
        "trend": 67.026666,
        "fair_value": 83.038758,
        "relative_strength": -0.722084,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.178545,
        "energy": 71.378241,
        "activity_lines": [
          75.486681,
          73.175846,
          69.99642,
          68.113325
        ]
      },
      {
        "date": "2025-01-03",
        "close": 75.689575,
        "volume": 23928856,
        "typical_volume": 31535304.75,
        "trend": 67.054729,
        "fair_value": 82.93297,
        "relative_strength": 2.931391,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.956165,
        "energy": 69.040605,
        "activity_lines": [
          75.934478,
          73.95707,
          70.856615,
          68.672222
        ]
      },
      {
        "date": "2025-01-10",
        "close": 71.938545,
        "volume": 17384406,
        "typical_volume": 30477140.6,
        "trend": 67.02115,
        "fair_value": 82.772941,
        "relative_strength": -0.862017,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.228566,
        "energy": 61.250776,
        "activity_lines": [
          74.801737,
          73.901911,
          71.295829,
          68.987307
        ]
      },
      {
        "date": "2025-01-17",
        "close": 72.684868,
        "volume": 13337847,
        "typical_volume": 29706546.5,
        "trend": 67.146453,
        "fair_value": 82.654283,
        "relative_strength": -2.003188,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.84423,
        "energy": 42.141399,
        "activity_lines": [
          73.893215,
          73.855209,
          71.731488,
          69.352708
        ]
      },
      {
        "date": "2025-01-24",
        "close": 67.702873,
        "volume": 29952898,
        "typical_volume": 30229503.85,
        "trend": 67.119498,
        "fair_value": 82.472086,
        "relative_strength": -8.811057,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 24.966833,
        "energy": 17.585,
        "activity_lines": [
          71.583145,
          72.877137,
          71.620946,
          69.388606
        ]
      },
      {
        "date": "2025-01-31",
        "close": 67.383011,
        "volume": 2641639,
        "typical_volume": 29339267.9,
        "trend": 67.209922,
        "fair_value": 82.323547,
        "relative_strength": -8.983588,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 10.856892,
        "energy": 20.399633,
        "activity_lines": [
          69.689854,
          71.902589,
          71.419986,
          69.405607
        ]
      },
      {
        "date": "2025-02-07",
        "close": 66.733612,
        "volume": 18071340,
        "typical_volume": 29148817.85,
        "trend": 67.225349,
        "fair_value": 82.184331,
        "relative_strength": -10.958796,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -6.132873,
        "energy": 24.589033,
        "activity_lines": [
          68.241134,
          70.815431,
          71.08536,
          69.374877
        ]
      },
      {
        "date": "2025-02-14",
        "close": 68.332893,
        "volume": 22750737,
        "typical_volume": 27464543.55,
        "trend": 67.226641,
        "fair_value": 82.093303,
        "relative_strength": -9.595936,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 0.288394,
        "energy": 24.578532,
        "activity_lines": [
          67.922571,
          70.091834,
          70.850799,
          69.446332
        ]
      },
      {
        "date": "2025-02-21",
        "close": 65.832199,
        "volume": 24437487,
        "typical_volume": 27561057.35,
        "trend": 67.323244,
        "fair_value": 81.969241,
        "relative_strength": -13.257353,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -29.30707,
        "energy": 42.304958,
        "activity_lines": [
          67.01082,
          68.972427,
          70.381446,
          69.356368
        ]
      },
      {
        "date": "2025-02-28",
        "close": 67.538101,
        "volume": 38366320,
        "typical_volume": 26425084.9,
        "trend": 67.420494,
        "fair_value": 81.861509,
        "relative_strength": -9.086116,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -20.508533,
        "energy": 37.733038,
        "activity_lines": [
          67.124548,
          68.358445,
          70.1227,
          69.37023
        ]
      },
      {
        "date": "2025-03-07",
        "close": 68.303818,
        "volume": 24800154,
        "typical_volume": 25856097.05,
        "trend": 67.509666,
        "fair_value": 81.771585,
        "relative_strength": -9.152432,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -16.773,
        "energy": 21.050974,
        "activity_lines": [
          67.504499,
          68.029426,
          69.941357,
          69.427218
        ]
      },
      {
        "date": "2025-03-14",
        "close": 71.919151,
        "volume": 37011505,
        "typical_volume": 26198298.9,
        "trend": 67.830168,
        "fair_value": 81.667954,
        "relative_strength": -5.267324,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "up",
        "direction": 31.146281,
        "energy": 16.99864,
        "activity_lines": [
          69.028175,
          68.521281,
          70.095238,
          69.711701
        ]
      },
      {
        "date": "2025-03-21",
        "close": 70.436188,
        "volume": 27906729,
        "typical_volume": 26085582.3,
        "trend": 68.302521,
        "fair_value": 81.570708,
        "relative_strength": -5.299105,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 30.016498,
        "energy": 20.009707,
        "activity_lines": [
          69.711827,
          68.812059,
          70.085407,
          69.879831
        ]
      },
      {
        "date": "2025-03-28",
        "close": 74.177536,
        "volume": 32253296,
        "typical_volume": 25325167.45,
        "trend": 68.854354,
        "fair_value": 81.47147,
        "relative_strength": 0.454808,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 54.170596,
        "energy": 36.646456,
        "activity_lines": [
          71.502375,
          69.810398,
          70.405725,
          70.258865
        ]
      },
      {
        "date": "2025-04-04",
        "close": 77.269478,
        "volume": 22746908,
        "typical_volume": 24833882.45,
        "trend": 69.59293,
        "fair_value": 81.42172,
        "relative_strength": 5.085845,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 78.468135,
        "energy": 61.714869,
        "activity_lines": [
          73.767215,
          71.343769,
          71.006713,
          70.801776
        ]
      },
      {
        "date": "2025-04-11",
        "close": 77.182243,
        "volume": 55637563,
        "typical_volume": 26614577.5,
        "trend": 70.422295,
        "fair_value": 81.412867,
        "relative_strength": 8.270435,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.952037,
        "energy": 73.583648,
        "activity_lines": [
          75.354217,
          72.687341,
          71.569992,
          71.291409
        ]
      },
      {
        "date": "2025-04-18",
        "close": 77.15316,
        "volume": 25623330,
        "typical_volume": 26721687.05,
        "trend": 71.135347,
        "fair_value": 81.437834,
        "relative_strength": 6.962485,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.932859,
        "energy": 76.45418,
        "activity_lines": [
          76.339631,
          73.847457,
          72.085269,
          71.725658
        ]
      },
      {
        "date": "2025-04-25",
        "close": 75.030487,
        "volume": 16119035,
        "typical_volume": 26462840.65,
        "trend": 71.335015,
        "fair_value": 81.439755,
        "relative_strength": 3.559571,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.327862,
        "energy": 73.116937,
        "activity_lines": [
          76.268553,
          74.432186,
          72.367832,
          71.976958
        ]
      },
      {
        "date": "2025-05-02",
        "close": 72.113007,
        "volume": 16984467,
        "typical_volume": 24863285.3,
        "trend": 71.207396,
        "fair_value": 81.445841,
        "relative_strength": 0.270192,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 57.180498,
        "energy": 39.615118,
        "activity_lines": [
          74.918695,
          74.36469,
          72.356062,
          72.027151
        ]
      },
      {
        "date": "2025-05-09",
        "close": 71.890076,
        "volume": 20796608,
        "typical_volume": 24543803.1,
        "trend": 71.321122,
        "fair_value": 81.413735,
        "relative_strength": -1.551573,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 37.319413,
        "energy": 20.865192,
        "activity_lines": [
          73.632162,
          74.142464,
          72.344292,
          72.071195
        ]
      },
      {
        "date": "2025-05-16",
        "close": 70.300491,
        "volume": 29553114,
        "typical_volume": 25015211.95,
        "trend": 71.451326,
        "fair_value": 81.367862,
        "relative_strength": -4.050444,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 15.722147,
        "energy": 17.65169,
        "activity_lines": [
          72.174394,
          73.552096,
          72.19858,
          72.005347
        ]
      },
      {
        "date": "2025-05-23",
        "close": 69.757706,
        "volume": 25651371,
        "typical_volume": 25101337.7,
        "trend": 71.536621,
        "fair_value": 81.309011,
        "relative_strength": -3.865712,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -9.209493,
        "energy": 22.057627,
        "activity_lines": [
          70.994482,
          72.826737,
          72.034498,
          71.896082
        ]
      },
      {
        "date": "2025-05-30",
        "close": 71.890076,
        "volume": 44115934,
        "typical_volume": 26437914.1,
        "trend": 71.768274,
        "fair_value": 81.294905,
        "relative_strength": -0.706895,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -2.049174,
        "energy": 16.66411,
        "activity_lines": [
          71.018389,
          72.52838,
          72.101746,
          71.918885
        ]
      },
      {
        "date": "2025-06-06",
        "close": 71.502373,
        "volume": 36594350,
        "typical_volume": 27600739.25,
        "trend": 71.775705,
        "fair_value": 81.254216,
        "relative_strength": -2.050271,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -1.595455,
        "energy": 12.731708,
        "activity_lines": [
          71.122423,
          72.133098,
          72.132301,
          71.90173
        ]
      },
      {
        "date": "2025-06-13",
        "close": 67.538101,
        "volume": 44975862,
        "typical_volume": 28351887.45,
        "trend": 71.657133,
        "fair_value": 81.183071,
        "relative_strength": -6.9152,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -40.291919,
        "energy": 33.210188,
        "activity_lines": [
          69.945742,
          71.065678,
          71.790937,
          71.628336
        ]
      },
      {
        "date": "2025-06-20",
        "close": 68.924141,
        "volume": 28603034,
        "typical_volume": 29649957.2,
        "trend": 71.698488,
        "fair_value": 81.125444,
        "relative_strength": -4.309331,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -48.051025,
        "energy": 33.412702,
        "activity_lines": [
          69.521206,
          70.4272,
          71.582361,
          71.452014
        ]
      },
      {
        "date": "2025-06-27",
        "close": 69.269997,
        "volume": 25980153,
        "typical_volume": 30045397.85,
        "trend": 71.649599,
        "fair_value": 81.042065,
        "relative_strength": -5.393347,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -46.256804,
        "energy": 41.389158,
        "activity_lines": [
          69.303712,
          70.001752,
          71.399386,
          71.295337
        ]
      },
      {
        "date": "2025-07-04",
        "close": 68.349998,
        "volume": 24675931,
        "typical_volume": 30141657.55,
        "trend": 71.542258,
        "fair_value": 80.940182,
        "relative_strength": -7.757066,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.020752,
        "energy": 54.162373,
        "activity_lines": [
          68.812065,
          69.552361,
          71.116713,
          71.08246
        ]
      },
      {
        "date": "2025-07-11",
        "close": 68.809998,
        "volume": 24346105,
        "typical_volume": 30137088.45,
        "trend": 71.283538,
        "fair_value": 80.844415,
        "relative_strength": -7.913698,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.920543,
        "energy": 49.573635,
        "activity_lines": [
          68.709757,
          69.30807,
          70.877768,
          70.906185
        ]
      },
      {
        "date": "2025-07-18",
        "close": 68.720001,
        "volume": 27894167,
        "typical_volume": 29613480.8,
        "trend": 71.055742,
        "fair_value": 80.72444,
        "relative_strength": -8.380442,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.635151,
        "energy": 44.308696,
        "activity_lines": [
          68.756942,
          69.107471,
          70.616073,
          70.740796
        ]
      },
      {
        "date": "2025-07-25",
        "close": 69.5,
        "volume": 37950358,
        "typical_volume": 30270991.0,
        "trend": 70.79579,
        "fair_value": 80.56848,
        "relative_strength": -8.665093,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.073286,
        "energy": 33.287366,
        "activity_lines": [
          68.985333,
          69.106328,
          70.423034,
          70.640425
        ]
      },
      {
        "date": "2025-08-01",
        "close": 68.050003,
        "volume": 31498806,
        "typical_volume": 29995356.05,
        "trend": 70.541138,
        "fair_value": 80.425858,
        "relative_strength": -9.466905,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.950151,
        "energy": 36.122857,
        "activity_lines": [
          68.692001,
          68.856103,
          70.086205,
          70.463278
        ]
      },
      {
        "date": "2025-08-08",
        "close": 67.760002,
        "volume": 22027947,
        "typical_volume": 29701416.95,
        "trend": 70.401853,
        "fair_value": 80.292401,
        "relative_strength": -11.370771,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.018004,
        "energy": 39.676424,
        "activity_lines": [
          68.383335,
          68.5842,
          69.740181,
          70.28385
        ]
      },
      {
        "date": "2025-08-15",
        "close": 67.599998,
        "volume": 27889311,
        "typical_volume": 29483217.7,
        "trend": 70.232357,
        "fair_value": 80.155095,
        "relative_strength": -12.787186,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.951124,
        "energy": 49.113228,
        "activity_lines": [
          68.060667,
          68.358298,
          69.391663,
          70.103085
        ]
      },
      {
        "date": "2025-08-22",
        "close": 68.57,
        "volume": 44776277,
        "typical_volume": 30584686.15,
        "trend": 70.261262,
        "fair_value": 80.010365,
        "relative_strength": -14.377908,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.131936,
        "energy": 47.840446,
        "activity_lines": [
          68.142,
          68.379712,
          69.166847,
          69.995836
        ]
      },
      {
        "date": "2025-08-29",
        "close": 69.5,
        "volume": 62990161,
        "typical_volume": 30952316.05,
        "trend": 70.331828,
        "fair_value": 79.844728,
        "relative_strength": -13.761277,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.443179,
        "energy": 31.777543,
        "activity_lines": [
          68.543333,
          68.551455,
          69.072028,
          69.946722
        ]
      },
      {
        "date": "2025-09-05",
        "close": 67.93,
        "volume": 43150925,
        "typical_volume": 31828695.8,
        "trend": 70.371707,
        "fair_value": 79.660368,
        "relative_strength": -14.539475,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.195206,
        "energy": 32.727838,
        "activity_lines": [
          68.421333,
          68.427273,
          68.864268,
          69.791766
        ]
      },
      {
        "date": "2025-09-12",
        "close": 67.900002,
        "volume": 25143270,
        "typical_volume": 32279907.55,
        "trend": 70.357278,
        "fair_value": 79.481628,
        "relative_strength": -15.719251,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.774094,
        "energy": 32.051303,
        "activity_lines": [
          68.297334,
          68.322001,
          68.697571,
          69.632301
        ]
      },
      {
        "date": "2025-09-19",
        "close": 67.449997,
        "volume": 26293143,
        "typical_volume": 32745341.35,
        "trend": 70.411204,
        "fair_value": 79.273432,
        "relative_strength": -14.957296,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.140038,
        "energy": 42.183874,
        "activity_lines": [
          68.014,
          68.143091,
          68.521971,
          69.444734
        ]
      },
      {
        "date": "2025-09-26",
        "close": 66.559998,
        "volume": 20762289,
        "typical_volume": 32743625.4,
        "trend": 70.378601,
        "fair_value": 79.095117,
        "relative_strength": -15.867576,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.446271,
        "energy": 66.085912,
        "activity_lines": [
          67.443999,
          67.82709,
          68.283814,
          69.196269
        ]
      },
      {
        "date": "2025-10-03",
        "close": 65.919998,
        "volume": 9206288,
        "typical_volume": 31726284.1,
        "trend": 70.29914,
        "fair_value": 78.944314,
        "relative_strength": -17.405282,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.887283,
        "energy": 76.622105,
        "activity_lines": [
          66.794665,
          67.433999,
          68.010086,
          68.908618
        ]
      },
      {
        "date": "2025-10-10",
        "close": 67.43,
        "volume": 13769595,
        "typical_volume": 31132195.3,
        "trend": 70.149502,
        "fair_value": 78.776796,
        "relative_strength": -15.507779,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.357024,
        "energy": 62.199736,
        "activity_lines": [
          66.887332,
          67.380545,
          67.901027,
          68.723512
        ]
      },
      {
        "date": "2025-10-17",
        "close": 67.599998,
        "volume": 29415278,
        "typical_volume": 30397162.5,
        "trend": 70.054962,
        "fair_value": 78.603369,
        "relative_strength": -13.808626,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.967965,
        "energy": 41.704528,
        "activity_lines": [
          67.069998,
          67.369272,
          67.819242,
          68.559028
        ]
      },
      {
        "date": "2025-10-24",
        "close": 66.089996,
        "volume": 18278278,
        "typical_volume": 29481358.9,
        "trend": 69.785378,
        "fair_value": 78.39713,
        "relative_strength": -17.810995,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.425624,
        "energy": 44.017784,
        "activity_lines": [
          66.769331,
          67.086362,
          67.614077,
          68.303223
        ]
      },
      {
        "date": "2025-10-31",
        "close": 65.709999,
        "volume": 25295621,
        "typical_volume": 28497346.85,
        "trend": 69.400062,
        "fair_value": 78.205894,
        "relative_strength": -18.126098,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.510046,
        "energy": 43.834677,
        "activity_lines": [
          66.432665,
          66.761817,
          67.398495,
          68.040296
        ]
      },
      {
        "date": "2025-11-07",
        "close": 64.93,
        "volume": 17579372,
        "typical_volume": 27946163.75,
        "trend": 68.991653,
        "fair_value": 78.048744,
        "relative_strength": -19.627999,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.984768,
        "energy": 50.899815,
        "activity_lines": [
          65.892665,
          66.347453,
          67.117332,
          67.751905
        ]
      },
      {
        "date": "2025-11-14",
        "close": 66.239998,
        "volume": 28031257,
        "typical_volume": 28048718.95,
        "trend": 68.627881,
        "fair_value": 77.972767,
        "relative_strength": -17.488677,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.62898,
        "energy": 48.106385,
        "activity_lines": [
          65.855332,
          66.254362,
          66.979951,
          67.574378
        ]
      },
      {
        "date": "2025-11-21",
        "close": 64.489998,
        "volume": 17853199,
        "typical_volume": 27707582.35,
        "trend": 68.276532,
        "fair_value": 77.797791,
        "relative_strength": -16.096347,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.779911,
        "energy": 58.824703,
        "activity_lines": [
          65.313998,
          65.873817,
          66.690332,
          67.307418
        ]
      },
      {
        "date": "2025-11-28",
        "close": 63.549999,
        "volume": 18204771,
        "typical_volume": 27400515.65,
        "trend": 67.991098,
        "fair_value": 77.604097,
        "relative_strength": -18.07429,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -78.041052,
        "energy": 70.957135,
        "activity_lines": [
          64.666665,
          65.384362,
          66.32957,
          67.002481
        ]
      },
      {
        "date": "2025-12-05",
        "close": 63.119999,
        "volume": 16669305,
        "typical_volume": 26839272.55,
        "trend": 67.698762,
        "fair_value": 77.422711,
        "relative_strength": -18.543938,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.808385,
        "energy": 77.274712,
        "activity_lines": [
          64.045332,
          64.887635,
          65.952904,
          66.688216
        ]
      },
      {
        "date": "2025-12-12",
        "close": 62.09,
        "volume": 22542051,
        "typical_volume": 26068857.2,
        "trend": 67.425079,
        "fair_value": 77.266751,
        "relative_strength": -19.077653,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -81.362101,
        "energy": 85.259223,
        "activity_lines": [
          63.253332,
          64.266181,
          65.504808,
          66.326361
        ]
      },
      {
        "date": "2025-12-19",
        "close": 62.48,
        "volume": 14321923,
        "typical_volume": 25210013.05,
        "trend": 67.182489,
        "fair_value": 77.056351,
        "relative_strength": -18.083563,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.942435,
        "energy": 83.265301,
        "activity_lines": [
          62.780666,
          63.785272,
          65.129142,
          66.007323
        ]
      },
      {
        "date": "2025-12-26",
        "close": 61.889999,
        "volume": 12024790,
        "typical_volume": 24709855.2,
        "trend": 66.849153,
        "fair_value": 76.794958,
        "relative_strength": -19.796141,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -75.304259,
        "energy": 85.563602,
        "activity_lines": [
          62.361999,
          63.28709,
          64.723808,
          65.665872
        ]
      },
      {
        "date": "2026-01-02",
        "close": 61.200001,
        "volume": 7863496,
        "typical_volume": 23708564.45,
        "trend": 66.505741,
        "fair_value": 76.546579,
        "relative_strength": -20.150721,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -78.477375,
        "energy": 85.451911,
        "activity_lines": [
          61.886667,
          62.767272,
          64.280713,
          65.301411
        ]
      },
      {
        "date": "2026-01-09",
        "close": 62.18,
        "volume": 19045343,
        "typical_volume": 22422017.75,
        "trend": 66.327137,
        "fair_value": 76.295051,
        "relative_strength": -21.259715,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.338049,
        "energy": 75.093862,
        "activity_lines": [
          61.894667,
          62.514545,
          63.961428,
          65.022331
        ]
      },
      {
        "date": "2026-01-16",
        "close": 61.450001,
        "volume": 25066153,
        "typical_volume": 20525817.35,
        "trend": 66.077999,
        "fair_value": 76.051359,
        "relative_strength": -21.244976,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.482435,
        "energy": 67.485657,
        "activity_lines": [
          61.722,
          62.193273,
          63.603047,
          64.707677
        ]
      },
      {
        "date": "2026-01-23",
        "close": 61.790001,
        "volume": 23257242,
        "typical_volume": 19531133.2,
        "trend": 65.828666,
        "fair_value": 75.816963,
        "relative_strength": -20.995683,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.762168,
        "energy": 58.360749,
        "activity_lines": [
          61.705334,
          61.997091,
          63.315381,
          64.431032
        ]
      },
      {
        "date": "2026-01-30",
        "close": 60.080002,
        "volume": 45685549,
        "typical_volume": 20558247.15,
        "trend": 65.553,
        "fair_value": 75.554288,
        "relative_strength": -22.357466,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.812824,
        "energy": 60.670369,
        "activity_lines": [
          61.164668,
          61.57091,
          62.894095,
          64.06015
        ]
      },
      {
        "date": "2026-02-06",
        "close": 63.049999,
        "volume": 36766675,
        "typical_volume": 21081923.75,
        "trend": 65.361,
        "fair_value": 75.334731,
        "relative_strength": -17.071625,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.467368,
        "energy": 43.280576,
        "activity_lines": [
          61.734667,
          61.76491,
          62.792905,
          63.898666
        ]
      },
      {
        "date": "2026-02-13",
        "close": 61.540001,
        "volume": 18319953,
        "typical_volume": 20959806.95,
        "trend": 65.121666,
        "fair_value": 75.111841,
        "relative_strength": -18.939357,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -58.053289,
        "energy": 41.033926,
        "activity_lines": [
          61.678001,
          61.693455,
          62.568857,
          63.65215
        ]
      },
      {
        "date": "2026-02-27",
        "close": 62.470001,
        "volume": 15958295,
        "typical_volume": 21297407.3,
        "trend": 64.887333,
        "fair_value": 74.905648,
        "relative_strength": -18.936492,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.097299,
        "energy": 31.66267,
        "activity_lines": [
          61.974001,
          61.819819,
          62.457286,
          63.481075
        ]
      },
      {
        "date": "2026-03-06",
        "close": 62.459999,
        "volume": 26882538,
        "typical_volume": 21953054.45,
        "trend": 64.701,
        "fair_value": 74.670031,
        "relative_strength": -17.745483,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.731545,
        "energy": 20.548893,
        "activity_lines": [
          62.198667,
          61.937455,
          62.361191,
          63.324473
        ]
      },
      {
        "date": "2026-03-13",
        "close": 63.419998,
        "volume": 26639536,
        "typical_volume": 21814267.35,
        "trend": 64.556333,
        "fair_value": 74.463819,
        "relative_strength": -15.474142,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -28.63437,
        "energy": 16.687886,
        "activity_lines": [
          62.698666,
          62.23,
          62.38019,
          63.241828
        ]
      },
      {
        "date": "2026-03-20",
        "close": 62.560001,
        "volume": 29705231,
        "typical_volume": 22385615.0,
        "trend": 64.388333,
        "fair_value": 74.193434,
        "relative_strength": -13.228569,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -18.342857,
        "energy": 14.151527,
        "activity_lines": [
          62.689333,
          62.338364,
          62.337191,
          63.113032
        ]
      },
      {
        "date": "2026-03-27",
        "close": 62.470001,
        "volume": 31121316,
        "typical_volume": 22676899.75,
        "trend": 64.185,
        "fair_value": 73.938368,
        "relative_strength": -11.932037,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -17.729653,
        "energy": 12.014135,
        "activity_lines": [
          62.682667,
          62.405637,
          62.302429,
          62.989269
        ]
      },
      {
        "date": "2026-04-03",
        "close": 63.110001,
        "volume": 30509272,
        "typical_volume": 23323394.75,
        "trend": 63.972,
        "fair_value": 73.700631,
        "relative_strength": -9.696389,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -10.886366,
        "energy": 9.484179,
        "activity_lines": [
          62.827334,
          62.584,
          62.344048,
          62.919914
        ]
      },
      {
        "date": "2026-04-10",
        "close": 62.380001,
        "volume": 21567191,
        "typical_volume": 23000191.45,
        "trend": 63.787,
        "fair_value": 73.434372,
        "relative_strength": -12.418663,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -14.923448,
        "energy": 7.76837,
        "activity_lines": [
          62.686001,
          62.599455,
          62.32481,
          62.817204
        ]
      },
      {
        "date": "2026-04-17",
        "close": 61.950001,
        "volume": 18441803,
        "typical_volume": 23029621.65,
        "trend": 63.588666,
        "fair_value": 73.116186,
        "relative_strength": -13.627885,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -30.81123,
        "energy": 14.660964,
        "activity_lines": [
          62.406668,
          62.526001,
          62.283,
          62.698688
        ]
      },
      {
        "date": "2026-04-24",
        "close": 61.68,
        "volume": 16877792,
        "typical_volume": 22963272.7,
        "trend": 63.396333,
        "fair_value": 72.787373,
        "relative_strength": -13.815514,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -37.367557,
        "energy": 19.249835,
        "activity_lines": [
          62.135334,
          62.369455,
          62.227572,
          62.575549
        ]
      },
      {
        "date": "2026-05-01",
        "close": 63.41,
        "volume": 27253119,
        "typical_volume": 23492463.4,
        "trend": 63.291333,
        "fair_value": 72.506541,
        "relative_strength": -11.379142,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -17.914436,
        "energy": 9.947246,
        "activity_lines": [
          62.499334,
          62.552364,
          62.34581,
          62.57643
        ]
      },
      {
        "date": "2026-05-08",
        "close": 62.459999,
        "volume": 20704939,
        "typical_volume": 23400607.8,
        "trend": 63.176,
        "fair_value": 72.228695,
        "relative_strength": -13.44831,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -27.448703,
        "energy": 12.501875,
        "activity_lines": [
          62.484,
          62.528546,
          62.372191,
          62.522796
        ]
      },
      {
        "date": "2026-05-15",
        "close": 61.759998,
        "volume": 32956875,
        "typical_volume": 24332355.4,
        "trend": 62.987,
        "fair_value": 71.93183,
        "relative_strength": -12.857693,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -38.491398,
        "energy": 16.455325,
        "activity_lines": [
          62.278666,
          62.377636,
          62.330143,
          62.431441
        ]
      },
      {
        "date": "2026-05-22",
        "close": 60.830002,
        "volume": 23339575,
        "typical_volume": 24898094.65,
        "trend": 62.761333,
        "fair_value": 71.656583,
        "relative_strength": -13.107126,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -58.212668,
        "energy": 29.575045,
        "activity_lines": [
          61.804667,
          62.070364,
          62.202953,
          62.29228
        ]
      },
      {
        "date": "2026-05-29",
        "close": 61.139999,
        "volume": 37767123,
        "typical_volume": 26393276.0,
        "trend": 62.596333,
        "fair_value": 71.433679,
        "relative_strength": -11.129767,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -53.816052,
        "energy": 41.579596,
        "activity_lines": [
          61.508666,
          61.866545,
          62.110333,
          62.187678
        ]
      },
      {
        "date": "2026-06-05",
        "close": 59.700001,
        "volume": 4616084,
        "typical_volume": 25671813.05,
        "trend": 62.396,
        "fair_value": 71.179125,
        "relative_strength": -11.674777,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -68.080483,
        "energy": 61.587189,
        "activity_lines": [
          60.768667,
          61.426727,
          61.880857,
          62.000817
        ]
      },
      {
        "date": "2026-06-12",
        "close": 57.969608,
        "volume": 7803230,
        "typical_volume": 24808666.9,
        "trend": 62.163987,
        "fair_value": 70.958615,
        "relative_strength": -13.648061,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -81.698042,
        "energy": 76.599979,
        "activity_lines": [
          59.699203,
          60.722656,
          61.498391,
          61.715244
        ]
      },
      {
        "date": "2026-06-19",
        "close": 51.594486,
        "volume": 39580948,
        "typical_volume": 25624852.2,
        "trend": 61.675803,
        "fair_value": 70.70222,
        "relative_strength": -23.600736,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -96.947365,
        "energy": 94.046769,
        "activity_lines": [
          56.804058,
          58.952933,
          60.525344,
          61.03334
        ]
      },
      {
        "date": "2026-06-26",
        "close": 49.383293,
        "volume": 5900648,
        "typical_volume": 23635607.15,
        "trend": 61.172246,
        "fair_value": 70.43266,
        "relative_strength": -25.006343,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -97.750558,
        "energy": 98.846627,
        "activity_lines": [
          53.849549,
          56.977276,
          59.390257,
          60.240275
        ]
      },
      {
        "date": "2026-07-03",
        "close": 51.096725,
        "volume": 5715367,
        "typical_volume": 22083041.75,
        "trend": 60.757137,
        "fair_value": 70.131972,
        "relative_strength": -22.022239,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -82.413375,
        "energy": 93.715666,
        "activity_lines": [
          52.229298,
          55.541637,
          58.469291,
          59.590242
        ]
      },
      {
        "date": "2026-07-10",
        "close": 51.211594,
        "volume": 25303985,
        "typical_volume": 22432243.35,
        "trend": 60.36019,
        "fair_value": 69.851178,
        "relative_strength": -20.268412,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.12458,
        "energy": 89.78653,
        "activity_lines": [
          51.316889,
          54.319307,
          57.616185,
          58.9744
        ]
      },
      {
        "date": "2026-07-17",
        "close": 52.509998,
        "volume": 36364191,
        "typical_volume": 23452538.15,
        "trend": 60.040857,
        "fair_value": 69.573132,
        "relative_strength": -12.616968,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.343812,
        "energy": 88.133097,
        "activity_lines": [
          51.403174,
          53.554839,
          56.93592,
          58.467936
        ]
      },
      {
        "date": "2026-07-24",
        "close": 52.82,
        "volume": 38772745,
        "typical_volume": 24047048.5,
        "trend": 59.718857,
        "fair_value": 69.316586,
        "relative_strength": -12.665774,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.779954,
        "energy": 65.168631,
        "activity_lines": [
          51.956768,
          53.027644,
          56.332607,
          58.002074
        ]
      },
      {
        "date": "2026-07-31",
        "close": 56.0,
        "volume": 53997174,
        "typical_volume": 25414930.4,
        "trend": 59.522524,
        "fair_value": 69.063719,
        "relative_strength": -7.312964,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -50.710189,
        "energy": 46.560802,
        "activity_lines": [
          53.48866,
          53.241177,
          56.078056,
          57.762148
        ]
      },
      {
        "date": "2026-08-07",
        "close": 53.599998,
        "volume": 35745844,
        "typical_volume": 25716961.05,
        "trend": 59.26919,
        "fair_value": 68.822263,
        "relative_strength": -13.127931,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.002356,
        "energy": 35.202183,
        "activity_lines": [
          53.779439,
          53.106164,
          55.630267,
          57.38005
        ]
      }
    ],
    "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."
    }
  }
}