{
  "ticker": {
    "uuid": "ecde7d1f-5907-43d6-ab4b-653630c9545a",
    "symbol": "QCEU",
    "name": "Amundi Index Solutions - Amundi MSCI Europe Quality Factor UCITS ETF-C",
    "exchange": "PAR",
    "country": "FR",
    "assetType": "etf"
  },
  "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": "^FCHI",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 79.95,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 81.206,
    "architecture_energy": 57.241,
    "architecture_maturity": 34.67,
    "architecture_confidence": 68.519,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 13.12,
        "rotation_up": 55.73,
        "upward_expansion": 79.27,
        "deceleration": 64.53,
        "rotation_down": 23.78,
        "downward_expansion": 8.27
      },
      "activity_lines": [
        125.076,
        124.569818,
        122.691809,
        121.356731
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 127.68,
    "trend_reference": 120.303333,
    "distance_from_trend": 0.061317,
    "trend_direction": "Improving",
    "fair_value": 110.765928,
    "distance_from_fair_value": 0.152701,
    "fair_value_direction": "Improving",
    "relative_strength": 1.993402,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.068631,
    "excess_performance": 0.015319,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.061317,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.026193,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.152701,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.069538,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.019934,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.001848,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.068631,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.392288,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 359,
      "relative_activity": 0.140341,
      "balance": 0.392288,
      "dry_up": 0.512891,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.019207,
      "annualized_volatility": 0.164209,
      "from_high_reference": -0.003123,
      "from_low_reference": 0.210237
    },
    "levels": {
      "trend_reference": 120.303333,
      "fair_value_reference": 110.765928,
      "structural_low": 108.360001,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 29,
        "median_return": 0.000195,
        "positive_rate": 0.517241,
        "directional_follow_through": 0.517241,
        "median_excess_return": -0.002624,
        "regime_survival": 0.689655,
        "best_return": 0.076956,
        "worst_return": -0.100348,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": -0.00657,
        "positive_rate": 0.454545,
        "directional_follow_through": 0.454545,
        "median_excess_return": -0.006055,
        "regime_survival": 0.454545,
        "best_return": 0.064882,
        "worst_return": -0.088608,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": 0.033094,
        "positive_rate": 0.625,
        "directional_follow_through": 0.625,
        "median_excess_return": 0.000468,
        "regime_survival": 0.375,
        "best_return": 0.097428,
        "worst_return": -0.136505,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.029457,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.012155,
        "regime_survival": 0.25,
        "best_return": 0.082037,
        "worst_return": -0.086539,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-22",
        "end": "2025-01-31",
        "tenure": "Developing",
        "return": 0.053853,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-02-07",
        "end": "2025-02-28",
        "tenure": "New",
        "return": 0.024007,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-03-07",
        "end": "2025-03-28",
        "tenure": "New",
        "return": -0.032056,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-04",
        "end": "2025-04-18",
        "tenure": "New",
        "return": 0.011232,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-25",
        "end": "2025-05-09",
        "tenure": "New",
        "return": 0.028807,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-16",
        "end": "2025-07-18",
        "tenure": "Developing",
        "return": -0.032241,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-07-25",
        "end": "2025-09-05",
        "tenure": "Developing",
        "return": 0.003487,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-09-12",
        "end": "2025-10-03",
        "tenure": "New",
        "return": 0.038847,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-10",
        "end": "2025-11-21",
        "tenure": "Developing",
        "return": -0.00975,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-28",
        "end": "2025-12-05",
        "tenure": "New",
        "return": 0.006155,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-12-12",
        "end": "2026-03-13",
        "tenure": "Established",
        "return": 0.023501,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-20",
        "end": "2026-04-17",
        "tenure": "Developing",
        "return": 0.088432,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-24",
        "end": "2026-06-05",
        "tenure": "Developing",
        "return": 0.007224,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-06-12",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.046901,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 96.370003,
        "volume": 1146,
        "typical_volume": 9040.1,
        "trend": 98.333334,
        "fair_value": 92.205833,
        "relative_strength": -1.996262,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": -5.038083,
        "energy": 9.014543,
        "activity_lines": [
          98.554001,
          98.997456,
          99.44181,
          99.093011
        ]
      },
      {
        "date": "2023-08-25",
        "close": 97.169998,
        "volume": 3228,
        "typical_volume": 8683.85,
        "trend": 98.393333,
        "fair_value": 92.344551,
        "relative_strength": -1.916206,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -20.973835,
        "energy": 26.215924,
        "activity_lines": [
          97.852667,
          98.619273,
          99.204524,
          99.017957
        ]
      },
      {
        "date": "2023-09-01",
        "close": 98.339996,
        "volume": 3396,
        "typical_volume": 8503.65,
        "trend": 98.463667,
        "fair_value": 92.497756,
        "relative_strength": -1.533385,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -15.844816,
        "energy": 30.681689,
        "activity_lines": [
          97.763332,
          98.525636,
          99.081191,
          99.014516
        ]
      },
      {
        "date": "2023-09-08",
        "close": 97.68,
        "volume": 9617,
        "typical_volume": 8583.45,
        "trend": 98.519666,
        "fair_value": 92.635,
        "relative_strength": -1.303782,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -26.487316,
        "energy": 37.05375,
        "activity_lines": [
          97.669999,
          98.31,
          98.904524,
          98.963957
        ]
      },
      {
        "date": "2023-09-15",
        "close": 98.68,
        "volume": 4225,
        "typical_volume": 5711.75,
        "trend": 98.593667,
        "fair_value": 92.771731,
        "relative_strength": -2.047082,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -20.735246,
        "energy": 17.831733,
        "activity_lines": [
          97.989999,
          98.319818,
          98.837476,
          98.974301
        ]
      },
      {
        "date": "2023-09-22",
        "close": 96.290001,
        "volume": 2699,
        "typical_volume": 5719.65,
        "trend": 98.636667,
        "fair_value": 92.905769,
        "relative_strength": -1.706724,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -33.922578,
        "energy": 22.194079,
        "activity_lines": [
          97.537333,
          97.857636,
          98.549286,
          98.825678
        ]
      },
      {
        "date": "2023-09-29",
        "close": 96.190002,
        "volume": 379,
        "typical_volume": 5462.65,
        "trend": 98.633,
        "fair_value": 93.029167,
        "relative_strength": -0.970923,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -33.280281,
        "energy": 31.050838,
        "activity_lines": [
          97.056667,
          97.446182,
          98.268477,
          98.667828
        ]
      },
      {
        "date": "2023-10-06",
        "close": 96.0,
        "volume": 15539,
        "typical_volume": 5864.45,
        "trend": 98.674667,
        "fair_value": 93.145385,
        "relative_strength": -0.003648,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -60.386756,
        "energy": 51.099454,
        "activity_lines": [
          96.578001,
          97.078546,
          97.990953,
          98.497957
        ]
      },
      {
        "date": "2023-10-13",
        "close": 96.720001,
        "volume": 622,
        "typical_volume": 5478.1,
        "trend": 98.793,
        "fair_value": 93.268013,
        "relative_strength": 1.606089,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.838103,
        "energy": 55.879987,
        "activity_lines": [
          96.495334,
          96.943273,
          97.808858,
          98.37185
        ]
      },
      {
        "date": "2023-10-20",
        "close": 92.949997,
        "volume": 12545,
        "typical_volume": 5823.8,
        "trend": 98.731,
        "fair_value": 93.375128,
        "relative_strength": 0.390071,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -79.081057,
        "energy": 71.293166,
        "activity_lines": [
          95.22,
          96.161818,
          97.283714,
          97.994882
        ]
      },
      {
        "date": "2023-10-27",
        "close": 92.040001,
        "volume": 2475,
        "typical_volume": 5526.55,
        "trend": 98.509667,
        "fair_value": 93.500577,
        "relative_strength": -0.230827,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -81.676161,
        "energy": 79.745518,
        "activity_lines": [
          94.023333,
          95.325636,
          96.706524,
          97.563205
        ]
      },
      {
        "date": "2023-11-03",
        "close": 94.879997,
        "volume": 4279,
        "typical_volume": 5544.75,
        "trend": 98.415667,
        "fair_value": 93.609615,
        "relative_strength": -0.791223,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.075488,
        "energy": 69.174632,
        "activity_lines": [
          94.056665,
          95.084545,
          96.435285,
          97.329032
        ]
      },
      {
        "date": "2023-11-10",
        "close": 95.330002,
        "volume": 116457,
        "typical_volume": 11166.3,
        "trend": 98.248667,
        "fair_value": 93.706474,
        "relative_strength": -0.215659,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.042126,
        "energy": 62.865747,
        "activity_lines": [
          94.327333,
          94.966909,
          96.236619,
          97.129957
        ]
      },
      {
        "date": "2023-11-17",
        "close": 97.550003,
        "volume": 7306,
        "typical_volume": 10891.95,
        "trend": 98.143667,
        "fair_value": 93.814743,
        "relative_strength": -0.501405,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -36.333433,
        "energy": 27.848554,
        "activity_lines": [
          95.382668,
          95.307637,
          96.263191,
          97.084882
        ]
      },
      {
        "date": "2023-11-24",
        "close": 99.110001,
        "volume": 16429,
        "typical_volume": 11481.75,
        "trend": 98.112667,
        "fair_value": 93.935897,
        "relative_strength": 0.33425,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -7.330285,
        "energy": 16.470504,
        "activity_lines": [
          96.902668,
          95.934364,
          96.450381,
          97.147226
        ]
      },
      {
        "date": "2023-12-01",
        "close": 100.120003,
        "volume": 11882,
        "typical_volume": 11835.0,
        "trend": 98.122001,
        "fair_value": 94.065769,
        "relative_strength": 0.691897,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": 31.702762,
        "energy": 34.3166,
        "activity_lines": [
          98.348669,
          96.73691,
          96.721905,
          97.276732
        ]
      },
      {
        "date": "2023-12-08",
        "close": 101.559998,
        "volume": 9759,
        "typical_volume": 11850.05,
        "trend": 98.151334,
        "fair_value": 94.204038,
        "relative_strength": -0.228316,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 42.309285,
        "energy": 46.413621,
        "activity_lines": [
          99.736001,
          97.731637,
          97.130381,
          97.498538
        ]
      },
      {
        "date": "2023-12-15",
        "close": 103.0,
        "volume": 2958,
        "typical_volume": 11856.45,
        "trend": 98.196667,
        "fair_value": 94.343013,
        "relative_strength": 0.321115,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 47.432233,
        "energy": 72.17112,
        "activity_lines": [
          101.158,
          98.890546,
          97.670953,
          97.811355
        ]
      },
      {
        "date": "2023-12-22",
        "close": 103.18,
        "volume": 5068,
        "typical_volume": 11898.2,
        "trend": 98.3,
        "fair_value": 94.485449,
        "relative_strength": 0.915184,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 53.160876,
        "energy": 79.003811,
        "activity_lines": [
          102.128667,
          99.95491,
          98.221905,
          98.132861
        ]
      },
      {
        "date": "2023-12-29",
        "close": 103.32,
        "volume": 3884,
        "typical_volume": 11694.65,
        "trend": 98.403334,
        "fair_value": 94.62141,
        "relative_strength": 1.426327,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 75.641023,
        "energy": 89.43209,
        "activity_lines": [
          102.770667,
          100.927273,
          98.765715,
          98.456731
        ]
      },
      {
        "date": "2024-01-05",
        "close": 102.639999,
        "volume": 1851,
        "typical_volume": 11729.9,
        "trend": 98.508334,
        "fair_value": 94.743141,
        "relative_strength": 2.394813,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.383616,
        "energy": 84.981741,
        "activity_lines": [
          102.905333,
          101.587455,
          99.224381,
          98.730065
        ]
      },
      {
        "date": "2024-01-12",
        "close": 103.019997,
        "volume": 4704,
        "typical_volume": 11803.7,
        "trend": 98.571667,
        "fair_value": 94.869743,
        "relative_strength": 2.130167,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.070074,
        "energy": 80.478836,
        "activity_lines": [
          102.998665,
          102.124,
          99.689381,
          99.02114
        ]
      },
      {
        "date": "2024-01-19",
        "close": 101.580002,
        "volume": 11227,
        "typical_volume": 12195.25,
        "trend": 98.683334,
        "fair_value": 94.982179,
        "relative_strength": 1.960946,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.854246,
        "energy": 57.7646,
        "activity_lines": [
          102.514666,
          102.250727,
          99.989381,
          99.215226
        ]
      },
      {
        "date": "2024-01-26",
        "close": 105.260002,
        "volume": 2664,
        "typical_volume": 11847.6,
        "trend": 98.856,
        "fair_value": 95.136538,
        "relative_strength": 1.970966,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.458825,
        "energy": 64.162317,
        "activity_lines": [
          103.352,
          102.932909,
          100.624429,
          99.639527
        ]
      },
      {
        "date": "2024-02-02",
        "close": 105.919998,
        "volume": 17519,
        "typical_volume": 12512.3,
        "trend": 99.166,
        "fair_value": 95.28109,
        "relative_strength": 3.081287,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 83.825287,
        "energy": 77.408867,
        "activity_lines": [
          104.270666,
          103.594909,
          101.286238,
          100.095269
        ]
      },
      {
        "date": "2024-02-09",
        "close": 106.559998,
        "volume": 2086,
        "typical_volume": 12481.65,
        "trend": 99.382,
        "fair_value": 95.419551,
        "relative_strength": 2.886187,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.095292,
        "energy": 87.00896,
        "activity_lines": [
          105.229333,
          104.249454,
          101.974524,
          100.572301
        ]
      },
      {
        "date": "2024-02-16",
        "close": 108.440002,
        "volume": 8508,
        "typical_volume": 12888.1,
        "trend": 99.646667,
        "fair_value": 95.572692,
        "relative_strength": 2.953512,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 89.258334,
        "energy": 95.149738,
        "activity_lines": [
          106.553333,
          105.128727,
          102.792952,
          101.156688
        ]
      },
      {
        "date": "2024-02-23",
        "close": 109.480003,
        "volume": 16459,
        "typical_volume": 12934.1,
        "trend": 99.91,
        "fair_value": 95.753526,
        "relative_strength": 1.275747,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 87.085468,
        "energy": 94.784608,
        "activity_lines": [
          107.862668,
          106.072,
          103.652096,
          101.791097
        ]
      },
      {
        "date": "2024-03-01",
        "close": 108.839996,
        "volume": 26063,
        "typical_volume": 14206.15,
        "trend": 100.242,
        "fair_value": 95.93141,
        "relative_strength": 1.008573,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.459097,
        "energy": 90.697468,
        "activity_lines": [
          108.431999,
          106.781091,
          104.386095,
          102.367226
        ]
      },
      {
        "date": "2024-03-08",
        "close": 109.82,
        "volume": 9231,
        "typical_volume": 14040.45,
        "trend": 100.601333,
        "fair_value": 96.097244,
        "relative_strength": 0.647275,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.328251,
        "energy": 91.025665,
        "activity_lines": [
          109.089333,
          107.565454,
          105.155714,
          102.985161
        ]
      },
      {
        "date": "2024-03-15",
        "close": 109.599998,
        "volume": 5116,
        "typical_volume": 14172.5,
        "trend": 101.042333,
        "fair_value": 96.259167,
        "relative_strength": -1.227666,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.075245,
        "energy": 79.578079,
        "activity_lines": [
          109.413332,
          108.191636,
          105.824047,
          103.56572
        ]
      },
      {
        "date": "2024-03-22",
        "close": 109.720001,
        "volume": 3097,
        "typical_volume": 14113.4,
        "trend": 101.460667,
        "fair_value": 96.412244,
        "relative_strength": -0.960935,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.93583,
        "energy": 67.886414,
        "activity_lines": [
          109.574666,
          108.713091,
          106.42019,
          104.12557
        ]
      },
      {
        "date": "2024-03-29",
        "close": 110.160004,
        "volume": 7019,
        "typical_volume": 8641.5,
        "trend": 101.854667,
        "fair_value": 96.559679,
        "relative_strength": -1.209541,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.393928,
        "energy": 68.082998,
        "activity_lines": [
          109.797334,
          109.192728,
          106.987572,
          104.686817
        ]
      },
      {
        "date": "2024-04-05",
        "close": 107.779999,
        "volume": 2279,
        "typical_volume": 8390.15,
        "trend": 102.191333,
        "fair_value": 96.680192,
        "relative_strength": -1.615754,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.798671,
        "energy": 59.461602,
        "activity_lines": [
          109.181334,
          109.083637,
          107.257667,
          105.069097
        ]
      },
      {
        "date": "2024-04-12",
        "close": 108.18,
        "volume": 14258,
        "typical_volume": 8281.6,
        "trend": 102.508,
        "fair_value": 96.795128,
        "relative_strength": -0.650913,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.408274,
        "energy": 46.81635,
        "activity_lines": [
          108.769334,
          109.001455,
          107.517143,
          105.455462
        ]
      },
      {
        "date": "2024-04-19",
        "close": 106.800003,
        "volume": 4518,
        "typical_volume": 7913.4,
        "trend": 102.858334,
        "fair_value": 96.898077,
        "relative_strength": -2.062952,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 43.922047,
        "energy": 32.050327,
        "activity_lines": [
          108.006668,
          108.627273,
          107.602,
          105.732366
        ]
      },
      {
        "date": "2024-04-26",
        "close": 109.279999,
        "volume": 286,
        "typical_volume": 7439.75,
        "trend": 103.294667,
        "fair_value": 97.022436,
        "relative_strength": -0.626477,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 49.444356,
        "energy": 30.400952,
        "activity_lines": [
          108.257334,
          108.699637,
          107.891238,
          106.146667
        ]
      },
      {
        "date": "2024-05-03",
        "close": 108.660004,
        "volume": 3347,
        "typical_volume": 7459.2,
        "trend": 103.716667,
        "fair_value": 97.133846,
        "relative_strength": 0.400636,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 42.365712,
        "energy": 28.476221,
        "activity_lines": [
          108.330668,
          108.644001,
          108.084667,
          106.492818
        ]
      },
      {
        "date": "2024-05-10",
        "close": 112.160004,
        "volume": 2244,
        "typical_volume": 7318.0,
        "trend": 104.231334,
        "fair_value": 97.27109,
        "relative_strength": 0.326828,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 79.139608,
        "energy": 51.320727,
        "activity_lines": [
          109.670669,
          109.239638,
          108.584477,
          107.037549
        ]
      },
      {
        "date": "2024-05-17",
        "close": 112.519997,
        "volume": 4825,
        "typical_volume": 7365.05,
        "trend": 104.883667,
        "fair_value": 97.405128,
        "relative_strength": 1.255136,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.922155,
        "energy": 71.911933,
        "activity_lines": [
          110.838668,
          109.840365,
          109.07581,
          107.572302
        ]
      },
      {
        "date": "2024-05-24",
        "close": 112.599998,
        "volume": 3776,
        "typical_volume": 7461.3,
        "trend": 105.569,
        "fair_value": 97.53391,
        "relative_strength": 2.200883,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.331194,
        "energy": 82.467152,
        "activity_lines": [
          111.744,
          110.406546,
          109.530953,
          108.070129
        ]
      },
      {
        "date": "2024-05-31",
        "close": 111.919998,
        "volume": 5974,
        "typical_volume": 7524.8,
        "trend": 106.137,
        "fair_value": 97.653205,
        "relative_strength": 2.84957,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.049425,
        "energy": 79.423721,
        "activity_lines": [
          112.035999,
          110.794545,
          109.873905,
          108.479871
        ]
      },
      {
        "date": "2024-06-07",
        "close": 115.220001,
        "volume": 652,
        "typical_volume": 6996.05,
        "trend": 106.8,
        "fair_value": 97.782692,
        "relative_strength": 5.673456,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 85.946695,
        "energy": 88.974465,
        "activity_lines": [
          113.251999,
          111.742546,
          110.488762,
          109.065871
        ]
      },
      {
        "date": "2024-06-14",
        "close": 113.82,
        "volume": 3866,
        "typical_volume": 7056.15,
        "trend": 107.342333,
        "fair_value": 97.904359,
        "relative_strength": 11.092665,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.342868,
        "energy": 76.315971,
        "activity_lines": [
          113.563999,
          112.344,
          110.905334,
          109.518774
        ]
      },
      {
        "date": "2024-06-21",
        "close": 114.120003,
        "volume": 7078,
        "typical_volume": 6534.1,
        "trend": 107.842667,
        "fair_value": 98.021795,
        "relative_strength": 9.363923,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.961491,
        "energy": 62.447229,
        "activity_lines": [
          113.865334,
          112.890182,
          111.309715,
          109.956043
        ]
      },
      {
        "date": "2024-06-28",
        "close": 112.82,
        "volume": 3311,
        "typical_volume": 6595.35,
        "trend": 108.266,
        "fair_value": 98.130256,
        "relative_strength": 10.033112,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.34566,
        "energy": 55.584025,
        "activity_lines": [
          113.626667,
          113.092,
          111.551239,
          110.277162
        ]
      },
      {
        "date": "2024-07-05",
        "close": 112.639999,
        "volume": 22048,
        "typical_volume": 7272.35,
        "trend": 108.635333,
        "fair_value": 98.230833,
        "relative_strength": 6.885816,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.991076,
        "energy": 46.893832,
        "activity_lines": [
          113.313334,
          113.151636,
          111.74581,
          110.559355
        ]
      },
      {
        "date": "2024-07-12",
        "close": 114.800003,
        "volume": 2781,
        "typical_volume": 6588.45,
        "trend": 109.028667,
        "fair_value": 98.342115,
        "relative_strength": 8.053259,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.035712,
        "energy": 49.828578,
        "activity_lines": [
          113.672001,
          113.54291,
          112.126096,
          110.957076
        ]
      },
      {
        "date": "2024-07-19",
        "close": 110.919998,
        "volume": 3278,
        "typical_volume": 5449.2,
        "trend": 109.286667,
        "fair_value": 98.420128,
        "relative_strength": 6.851892,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 39.006715,
        "energy": 25.680767,
        "activity_lines": [
          112.765333,
          113.117091,
          112.111524,
          111.079097
        ]
      },
      {
        "date": "2024-07-26",
        "close": 111.18,
        "volume": 5120,
        "typical_volume": 5243.65,
        "trend": 109.548667,
        "fair_value": 98.499744,
        "relative_strength": 7.162402,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.253627,
        "energy": 18.603423,
        "activity_lines": [
          112.138667,
          112.761091,
          112.11181,
          111.201248
        ]
      },
      {
        "date": "2024-08-02",
        "close": 108.779999,
        "volume": 7872,
        "typical_volume": 5381.45,
        "trend": 109.753334,
        "fair_value": 98.552692,
        "relative_strength": 8.469151,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 1.284891,
        "energy": 13.033649,
        "activity_lines": [
          110.908,
          111.993091,
          111.877048,
          111.151656
        ]
      },
      {
        "date": "2024-08-09",
        "close": 109.199997,
        "volume": 5956,
        "typical_volume": 5524.4,
        "trend": 109.959334,
        "fair_value": 98.600385,
        "relative_strength": 8.389318,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -7.121521,
        "energy": 24.290441,
        "activity_lines": [
          110.086665,
          111.370909,
          111.68619,
          111.115957
        ]
      },
      {
        "date": "2024-08-16",
        "close": 112.099998,
        "volume": 2629,
        "typical_volume": 5304.9,
        "trend": 110.31,
        "fair_value": 98.668462,
        "relative_strength": 8.33957,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 8.559434,
        "energy": 19.190413,
        "activity_lines": [
          110.461332,
          111.325454,
          111.774,
          111.254064
        ]
      },
      {
        "date": "2024-08-23",
        "close": 113.839996,
        "volume": 374,
        "typical_volume": 5209.65,
        "trend": 110.596,
        "fair_value": 98.747436,
        "relative_strength": 7.935496,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 27.820002,
        "energy": 15.785951,
        "activity_lines": [
          111.595997,
          111.653089,
          112.018285,
          111.481806
        ]
      },
      {
        "date": "2024-08-30",
        "close": 115.620003,
        "volume": 2525,
        "typical_volume": 4623.0,
        "trend": 110.919333,
        "fair_value": 98.838462,
        "relative_strength": 8.597535,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 55.427963,
        "energy": 36.39433,
        "activity_lines": [
          113.129332,
          112.303999,
          112.403238,
          111.805935
        ]
      },
      {
        "date": "2024-09-06",
        "close": 110.160004,
        "volume": 2349,
        "typical_volume": 4514.55,
        "trend": 111.039334,
        "fair_value": 98.902436,
        "relative_strength": 7.170106,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 20.608481,
        "energy": 20.752701,
        "activity_lines": [
          112.546668,
          111.934909,
          112.232762,
          111.756946
        ]
      },
      {
        "date": "2024-09-13",
        "close": 111.779999,
        "volume": 2475,
        "typical_volume": 4624.0,
        "trend": 111.150667,
        "fair_value": 98.982949,
        "relative_strength": 6.865599,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.306989,
        "energy": 22.609162,
        "activity_lines": [
          112.412001,
          111.908727,
          112.200571,
          111.804731
        ]
      },
      {
        "date": "2024-09-20",
        "close": 110.400002,
        "volume": 5387,
        "typical_volume": 4726.0,
        "trend": 111.181333,
        "fair_value": 99.057115,
        "relative_strength": 4.863963,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 6.382567,
        "energy": 4.33219,
        "activity_lines": [
          111.645335,
          111.647273,
          112.025048,
          111.756301
        ]
      },
      {
        "date": "2024-09-27",
        "close": 114.68,
        "volume": 1588,
        "typical_volume": 4693.2,
        "trend": 111.376,
        "fair_value": 99.182051,
        "relative_strength": 4.676381,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 43.964878,
        "energy": 18.622586,
        "activity_lines": [
          112.418668,
          112.244,
          112.248857,
          111.982022
        ]
      },
      {
        "date": "2024-10-04",
        "close": 111.900002,
        "volume": 8436,
        "typical_volume": 4873.75,
        "trend": 111.445334,
        "fair_value": 99.285769,
        "relative_strength": 5.35189,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 24.456373,
        "energy": 9.833835,
        "activity_lines": [
          112.209335,
          112.26691,
          112.195905,
          112.015828
        ]
      },
      {
        "date": "2024-10-11",
        "close": 112.959999,
        "volume": 5376,
        "typical_volume": 4953.75,
        "trend": 111.557334,
        "fair_value": 99.37718,
        "relative_strength": 5.678989,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 39.784691,
        "energy": 18.204876,
        "activity_lines": [
          112.601334,
          112.469455,
          112.246857,
          112.113549
        ]
      },
      {
        "date": "2024-10-18",
        "close": 112.760002,
        "volume": 3843,
        "typical_volume": 4847.2,
        "trend": 111.658667,
        "fair_value": 99.458974,
        "relative_strength": 4.836769,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 42.053837,
        "energy": 25.561439,
        "activity_lines": [
          112.740001,
          112.559637,
          112.277048,
          112.19114
        ]
      },
      {
        "date": "2024-10-25",
        "close": 111.440002,
        "volume": 1608,
        "typical_volume": 4895.0,
        "trend": 111.701334,
        "fair_value": 99.525256,
        "relative_strength": 5.017212,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 31.099901,
        "energy": 11.993073,
        "activity_lines": [
          112.373335,
          112.345092,
          112.177524,
          112.177033
        ]
      },
      {
        "date": "2024-11-01",
        "close": 108.940002,
        "volume": 2297,
        "typical_volume": 4816.55,
        "trend": 111.74,
        "fair_value": 99.562949,
        "relative_strength": 3.711775,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -31.204268,
        "energy": 28.160196,
        "activity_lines": [
          111.104002,
          111.688001,
          111.857905,
          111.998882
        ]
      },
      {
        "date": "2024-11-08",
        "close": 107.260002,
        "volume": 8597,
        "typical_volume": 4892.5,
        "trend": 111.709334,
        "fair_value": 99.582051,
        "relative_strength": 2.941128,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -44.012183,
        "energy": 52.722319,
        "activity_lines": [
          109.657335,
          110.814547,
          111.401525,
          111.70985
        ]
      },
      {
        "date": "2024-11-15",
        "close": 105.800003,
        "volume": 16734,
        "typical_volume": 5563.65,
        "trend": 111.676,
        "fair_value": 99.587436,
        "relative_strength": 2.356099,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -75.886659,
        "energy": 76.106331,
        "activity_lines": [
          108.033336,
          109.827638,
          110.838763,
          111.328603
        ]
      },
      {
        "date": "2024-11-22",
        "close": 107.699997,
        "volume": 20718,
        "typical_volume": 5497.15,
        "trend": 111.623334,
        "fair_value": 99.636795,
        "relative_strength": 4.227331,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.723925,
        "energy": 71.982203,
        "activity_lines": [
          107.520001,
          109.265456,
          110.490382,
          111.072087
        ]
      },
      {
        "date": "2024-11-29",
        "close": 108.139999,
        "volume": 4701,
        "typical_volume": 5593.15,
        "trend": 111.606,
        "fair_value": 99.694744,
        "relative_strength": 4.754621,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.512562,
        "energy": 70.039937,
        "activity_lines": [
          107.490667,
          108.857455,
          110.207429,
          110.847355
        ]
      },
      {
        "date": "2024-12-06",
        "close": 110.599998,
        "volume": 10880,
        "typical_volume": 5973.25,
        "trend": 111.554,
        "fair_value": 99.74641,
        "relative_strength": 4.174869,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.147492,
        "energy": 45.906425,
        "activity_lines": [
          108.501332,
          108.937818,
          110.190477,
          110.782452
        ]
      },
      {
        "date": "2024-12-13",
        "close": 108.940002,
        "volume": 31450,
        "typical_volume": 7289.75,
        "trend": 111.434667,
        "fair_value": 99.788718,
        "relative_strength": 2.692918,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -40.667132,
        "energy": 25.129305,
        "activity_lines": [
          108.848,
          108.790546,
          110.016953,
          110.613807
        ]
      },
      {
        "date": "2024-12-20",
        "close": 106.120003,
        "volume": 3793,
        "typical_volume": 7085.8,
        "trend": 111.218667,
        "fair_value": 99.80641,
        "relative_strength": 1.761674,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.438784,
        "energy": 35.613984,
        "activity_lines": [
          108.142667,
          108.184364,
          109.585525,
          110.270925
        ]
      },
      {
        "date": "2024-12-27",
        "close": 107.040001,
        "volume": 2089,
        "typical_volume": 6892.45,
        "trend": 111.056,
        "fair_value": 99.82,
        "relative_strength": 1.398701,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.787503,
        "energy": 35.79451,
        "activity_lines": [
          107.722668,
          107.869819,
          109.254382,
          110.001334
        ]
      },
      {
        "date": "2025-01-03",
        "close": 106.720001,
        "volume": 2574,
        "typical_volume": 6889.7,
        "trend": 110.772667,
        "fair_value": 99.846667,
        "relative_strength": 1.998552,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.110948,
        "energy": 49.919181,
        "activity_lines": [
          107.240001,
          107.601092,
          108.903049,
          109.721592
        ]
      },
      {
        "date": "2025-01-10",
        "close": 108.139999,
        "volume": 3410,
        "typical_volume": 7041.5,
        "trend": 110.583334,
        "fair_value": 99.90359,
        "relative_strength": 1.183955,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -56.025279,
        "energy": 49.056857,
        "activity_lines": [
          107.325334,
          107.676364,
          108.712572,
          109.551743
        ]
      },
      {
        "date": "2025-01-17",
        "close": 110.080002,
        "volume": 705,
        "typical_volume": 6950.5,
        "trend": 110.448667,
        "fair_value": 99.978141,
        "relative_strength": -0.790372,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -32.932734,
        "energy": 21.026381,
        "activity_lines": [
          108.221334,
          108.11891,
          108.734001,
          109.519269
        ]
      },
      {
        "date": "2025-01-24",
        "close": 111.699997,
        "volume": 7826,
        "typical_volume": 7224.35,
        "trend": 110.411334,
        "fair_value": 100.08,
        "relative_strength": -2.136477,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -8.772146,
        "energy": 11.713063,
        "activity_lines": [
          109.581333,
          108.804727,
          108.936096,
          109.6
        ]
      },
      {
        "date": "2025-01-31",
        "close": 113.5,
        "volume": 199926,
        "typical_volume": 17096.9,
        "trend": 110.44,
        "fair_value": 100.200641,
        "relative_strength": -0.884572,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 34.463995,
        "energy": 35.175182,
        "activity_lines": [
          111.169333,
          109.710546,
          109.302286,
          109.799269
        ]
      },
      {
        "date": "2025-02-07",
        "close": 113.300003,
        "volume": 65592,
        "typical_volume": 20107.15,
        "trend": 110.39,
        "fair_value": 100.317693,
        "relative_strength": -1.379304,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 33.012685,
        "energy": 48.664036,
        "activity_lines": [
          112.260001,
          110.474546,
          109.641239,
          109.983786
        ]
      },
      {
        "date": "2025-02-14",
        "close": 115.419998,
        "volume": 3710,
        "typical_volume": 20213.25,
        "trend": 110.54,
        "fair_value": 100.454872,
        "relative_strength": -2.078486,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 45.005851,
        "energy": 69.162502,
        "activity_lines": [
          113.618667,
          111.530182,
          110.168286,
          110.308302
        ]
      },
      {
        "date": "2025-02-21",
        "close": 116.639999,
        "volume": 27972,
        "typical_volume": 21190.05,
        "trend": 110.722,
        "fair_value": 100.59968,
        "relative_strength": -0.82614,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 57.449387,
        "energy": 79.072689,
        "activity_lines": [
          114.898666,
          112.72,
          110.808,
          110.70185
        ]
      },
      {
        "date": "2025-02-28",
        "close": 116.019997,
        "volume": 29134,
        "typical_volume": 22377.95,
        "trend": 110.963334,
        "fair_value": 100.763718,
        "relative_strength": -0.909129,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 73.225486,
        "energy": 84.982375,
        "activity_lines": [
          115.534665,
          113.65709,
          111.366095,
          111.043656
        ]
      },
      {
        "date": "2025-03-07",
        "close": 114.800003,
        "volume": 18996,
        "typical_volume": 23135.6,
        "trend": 111.15,
        "fair_value": 100.917116,
        "relative_strength": -2.121409,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.218065,
        "energy": 77.880465,
        "activity_lines": [
          115.476,
          114.192363,
          111.793429,
          111.291183
        ]
      },
      {
        "date": "2025-03-14",
        "close": 112.940002,
        "volume": 9147,
        "typical_volume": 23512.55,
        "trend": 111.178001,
        "fair_value": 101.022757,
        "relative_strength": -2.680936,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.768254,
        "energy": 49.808417,
        "activity_lines": [
          114.710667,
          114.248364,
          112.033905,
          111.406667
        ]
      },
      {
        "date": "2025-03-21",
        "close": 112.900002,
        "volume": 8516,
        "typical_volume": 23823.5,
        "trend": 111.146667,
        "fair_value": 101.134039,
        "relative_strength": -2.96743,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 46.85206,
        "energy": 35.115483,
        "activity_lines": [
          113.956001,
          114.184001,
          112.263429,
          111.517764
        ]
      },
      {
        "date": "2025-03-28",
        "close": 111.120003,
        "volume": 4136,
        "typical_volume": 23600.45,
        "trend": 110.996667,
        "fair_value": 101.225577,
        "relative_strength": -3.045606,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 31.019163,
        "energy": 22.715361,
        "activity_lines": [
          112.776002,
          113.709456,
          112.304572,
          111.516044
        ]
      },
      {
        "date": "2025-04-04",
        "close": 103.279999,
        "volume": 6053,
        "typical_volume": 23066.4,
        "trend": 110.767334,
        "fair_value": 101.256154,
        "relative_strength": -2.052118,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "mixed",
        "direction": -33.574856,
        "energy": 37.5494,
        "activity_lines": [
          109.350668,
          111.790546,
          111.580667,
          111.018194
        ]
      },
      {
        "date": "2025-04-11",
        "close": 101.800003,
        "volume": 6569,
        "typical_volume": 22358.95,
        "trend": 110.434667,
        "fair_value": 101.281987,
        "relative_strength": -1.251576,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -49.23755,
        "energy": 53.013146,
        "activity_lines": [
          106.281335,
          109.755638,
          110.72781,
          110.439657
        ]
      },
      {
        "date": "2025-04-18",
        "close": 104.440002,
        "volume": 45619,
        "typical_volume": 24404.85,
        "trend": 110.236001,
        "fair_value": 101.339167,
        "relative_strength": -1.34196,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -59.43367,
        "energy": 72.26568,
        "activity_lines": [
          104.958668,
          108.413456,
          110.154477,
          110.052904
        ]
      },
      {
        "date": "2025-04-25",
        "close": 106.919998,
        "volume": 4592,
        "typical_volume": 24090.45,
        "trend": 109.977334,
        "fair_value": 101.412308,
        "relative_strength": -2.442456,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.589837,
        "energy": 74.5461,
        "activity_lines": [
          105.029334,
          107.683274,
          109.834953,
          109.838968
        ]
      },
      {
        "date": "2025-05-02",
        "close": 110.5,
        "volume": 26615,
        "typical_volume": 23848.7,
        "trend": 109.930667,
        "fair_value": 101.544744,
        "relative_strength": -2.288085,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -45.617289,
        "energy": 45.978671,
        "activity_lines": [
          106.692,
          107.758546,
          109.873905,
          109.872689
        ]
      },
      {
        "date": "2025-05-09",
        "close": 110.0,
        "volume": 19783,
        "typical_volume": 24648.2,
        "trend": 109.832001,
        "fair_value": 101.671539,
        "relative_strength": -2.466482,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "mixed",
        "direction": -10.556129,
        "energy": 12.2752,
        "activity_lines": [
          108.229333,
          107.854546,
          109.85781,
          109.877162
        ]
      },
      {
        "date": "2025-05-16",
        "close": 112.279999,
        "volume": 3691,
        "typical_volume": 24728.3,
        "trend": 109.816001,
        "fair_value": 101.820898,
        "relative_strength": -2.308584,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 26.345768,
        "energy": 24.441938,
        "activity_lines": [
          110.078666,
          108.474546,
          110.040381,
          110.035097
        ]
      },
      {
        "date": "2025-05-23",
        "close": 111.480003,
        "volume": 24921,
        "typical_volume": 25845.65,
        "trend": 109.817334,
        "fair_value": 101.950257,
        "relative_strength": -1.160493,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 14.326379,
        "energy": 25.660003,
        "activity_lines": [
          110.962667,
          108.99491,
          110.12181,
          110.142452
        ]
      },
      {
        "date": "2025-05-30",
        "close": 112.260002,
        "volume": 1887,
        "typical_volume": 25769.5,
        "trend": 109.928001,
        "fair_value": 102.085769,
        "relative_strength": -0.756214,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 20.51586,
        "energy": 27.497961,
        "activity_lines": [
          111.637335,
          109.683637,
          110.254858,
          110.300044
        ]
      },
      {
        "date": "2025-06-06",
        "close": 113.120003,
        "volume": 2199,
        "typical_volume": 25844.2,
        "trend": 110.123334,
        "fair_value": 102.250577,
        "relative_strength": -0.687098,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 54.170736,
        "energy": 39.840993,
        "activity_lines": [
          112.242669,
          110.540365,
          110.450192,
          110.505979
        ]
      },
      {
        "date": "2025-06-13",
        "close": 111.879997,
        "volume": 4344,
        "typical_volume": 25670.1,
        "trend": 110.326,
        "fair_value": 102.43359,
        "relative_strength": -0.159179,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 46.260421,
        "energy": 38.045332,
        "activity_lines": [
          112.260001,
          111.135273,
          110.512953,
          110.619312
        ]
      },
      {
        "date": "2025-06-20",
        "close": 108.82,
        "volume": 1556,
        "typical_volume": 15751.6,
        "trend": 110.363334,
        "fair_value": 102.575641,
        "relative_strength": -1.593436,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 9.127537,
        "energy": 11.895599,
        "activity_lines": [
          111.132,
          111.017455,
          110.283429,
          110.522151
        ]
      },
      {
        "date": "2025-06-27",
        "close": 109.220001,
        "volume": 4952,
        "typical_volume": 12719.6,
        "trend": 110.399334,
        "fair_value": 102.727436,
        "relative_strength": -2.426233,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -3.761723,
        "energy": 3.636446,
        "activity_lines": [
          110.368,
          110.844728,
          110.114286,
          110.448388
        ]
      },
      {
        "date": "2025-07-04",
        "close": 108.980003,
        "volume": 3052,
        "typical_volume": 12686.7,
        "trend": 110.345334,
        "fair_value": 102.858334,
        "relative_strength": -2.6341,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -12.303199,
        "energy": 16.217449,
        "activity_lines": [
          109.674668,
          110.541456,
          109.941715,
          110.356818
        ]
      },
      {
        "date": "2025-07-11",
        "close": 109.620003,
        "volume": 28639,
        "typical_volume": 12720.05,
        "trend": 110.368001,
        "fair_value": 102.990705,
        "relative_strength": -3.616553,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -38.294637,
        "energy": 31.245337,
        "activity_lines": [
          109.413335,
          110.317092,
          109.860763,
          110.310022
        ]
      },
      {
        "date": "2025-07-18",
        "close": 108.660004,
        "volume": 5641,
        "typical_volume": 11545.4,
        "trend": 110.452667,
        "fair_value": 103.097757,
        "relative_strength": -4.27445,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -47.700405,
        "energy": 46.510484,
        "activity_lines": [
          109.065336,
          109.934184,
          109.721811,
          110.199829
        ]
      },
      {
        "date": "2025-07-25",
        "close": 108.959999,
        "volume": 12187,
        "typical_volume": 11204.95,
        "trend": 110.516667,
        "fair_value": 103.184295,
        "relative_strength": -4.043981,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.059749,
        "energy": 47.251793,
        "activity_lines": [
          109.032002,
          109.630183,
          109.646477,
          110.103528
        ]
      },
      {
        "date": "2025-08-01",
        "close": 104.220001,
        "volume": 27832,
        "typical_volume": 12139.2,
        "trend": 110.433334,
        "fair_value": 103.249295,
        "relative_strength": -4.559691,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -85.579321,
        "energy": 74.450221,
        "activity_lines": [
          107.409335,
          108.524729,
          109.147525,
          109.697291
        ]
      },
      {
        "date": "2025-08-08",
        "close": 105.699997,
        "volume": 14458,
        "typical_volume": 12436.3,
        "trend": 110.352001,
        "fair_value": 103.321667,
        "relative_strength": -5.49299,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.940862,
        "energy": 74.90481,
        "activity_lines": [
          106.613333,
          107.820364,
          108.831048,
          109.391915
        ]
      },
      {
        "date": "2025-08-15",
        "close": 107.040001,
        "volume": 946,
        "typical_volume": 12276.8,
        "trend": 110.250667,
        "fair_value": 103.404872,
        "relative_strength": -6.282553,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.158993,
        "energy": 70.340226,
        "activity_lines": [
          106.482667,
          107.47891,
          108.676477,
          109.178237
        ]
      },
      {
        "date": "2025-08-22",
        "close": 109.559998,
        "volume": 1358,
        "typical_volume": 12042.05,
        "trend": 110.179334,
        "fair_value": 103.519295,
        "relative_strength": -4.469968,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.566388,
        "energy": 51.822614,
        "activity_lines": [
          107.363999,
          107.706182,
          108.781334,
          109.133678
        ]
      },
      {
        "date": "2025-08-29",
        "close": 108.279999,
        "volume": 853,
        "typical_volume": 11756.25,
        "trend": 110.005334,
        "fair_value": 103.6475,
        "relative_strength": -2.185409,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -40.530501,
        "energy": 24.796236,
        "activity_lines": [
          107.758666,
          107.742909,
          108.734381,
          109.01114
        ]
      },
      {
        "date": "2025-09-05",
        "close": 109.339996,
        "volume": 5063,
        "typical_volume": 9728.45,
        "trend": 109.873334,
        "fair_value": 103.772693,
        "relative_strength": -0.755284,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -24.995734,
        "energy": 18.282693,
        "activity_lines": [
          108.551998,
          107.982181,
          108.757524,
          108.968215
        ]
      },
      {
        "date": "2025-09-12",
        "close": 109.660004,
        "volume": 7859,
        "typical_volume": 9891.8,
        "trend": 109.681334,
        "fair_value": 103.923077,
        "relative_strength": -2.252967,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -14.230034,
        "energy": 19.651463,
        "activity_lines": [
          109.110667,
          108.277454,
          108.78781,
          108.954452
        ]
      },
      {
        "date": "2025-09-19",
        "close": 109.959999,
        "volume": 5344,
        "typical_volume": 8828.25,
        "trend": 109.458667,
        "fair_value": 104.09577,
        "relative_strength": -2.24519,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 8.462462,
        "energy": 17.629267,
        "activity_lines": [
          109.505333,
          108.614909,
          108.833619,
          108.97243
        ]
      },
      {
        "date": "2025-09-26",
        "close": 108.879997,
        "volume": 1161,
        "typical_volume": 7897.15,
        "trend": 109.220667,
        "fair_value": 104.255257,
        "relative_strength": -3.300664,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 2.628631,
        "energy": 13.064329,
        "activity_lines": [
          109.345332,
          108.749817,
          108.779143,
          108.935097
        ]
      },
      {
        "date": "2025-10-03",
        "close": 113.919998,
        "volume": 4942,
        "typical_volume": 7959.7,
        "trend": 109.191334,
        "fair_value": 104.443718,
        "relative_strength": -1.365963,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 71.368887,
        "energy": 57.994204,
        "activity_lines": [
          110.910665,
          109.79709,
          109.21,
          109.23828
        ]
      },
      {
        "date": "2025-10-10",
        "close": 112.82,
        "volume": 763,
        "typical_volume": 6751.8,
        "trend": 109.187334,
        "fair_value": 104.629808,
        "relative_strength": -0.212475,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.981912,
        "energy": 69.649675,
        "activity_lines": [
          111.733332,
          110.554181,
          109.528285,
          109.472387
        ]
      },
      {
        "date": "2025-10-17",
        "close": 113.739998,
        "volume": 1815,
        "typical_volume": 6748.2,
        "trend": 109.215334,
        "fair_value": 104.81468,
        "relative_strength": -2.433996,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.522847,
        "energy": 76.493963,
        "activity_lines": [
          112.630665,
          111.322181,
          109.927809,
          109.766107
        ]
      },
      {
        "date": "2025-10-24",
        "close": 114.664803,
        "volume": 358,
        "typical_volume": 6656.15,
        "trend": 109.333494,
        "fair_value": 104.988813,
        "relative_strength": -2.133795,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.256635,
        "energy": 84.181768,
        "activity_lines": [
          113.564267,
          112.112145,
          110.408362,
          110.117686
        ]
      },
      {
        "date": "2025-10-31",
        "close": 112.360001,
        "volume": 311,
        "typical_volume": 6454.5,
        "trend": 109.63616,
        "fair_value": 105.143493,
        "relative_strength": -2.752272,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.640452,
        "energy": 78.228152,
        "activity_lines": [
          113.415947,
          112.344422,
          110.662053,
          110.312945
        ]
      },
      {
        "date": "2025-11-07",
        "close": 111.32,
        "volume": 408,
        "typical_volume": 6397.1,
        "trend": 109.953494,
        "fair_value": 105.264069,
        "relative_strength": -1.49971,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.772784,
        "energy": 58.43506,
        "activity_lines": [
          112.688961,
          112.336698,
          110.814411,
          110.421579
        ]
      },
      {
        "date": "2025-11-14",
        "close": 113.139999,
        "volume": 3821,
        "typical_volume": 6340.55,
        "trend": 110.243493,
        "fair_value": 105.397916,
        "relative_strength": -2.490846,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.731507,
        "energy": 44.100993,
        "activity_lines": [
          112.741973,
          112.604611,
          111.128198,
          110.62716
        ]
      },
      {
        "date": "2025-11-21",
        "close": 111.720001,
        "volume": 1769,
        "typical_volume": 6276.4,
        "trend": 110.403494,
        "fair_value": 105.510928,
        "relative_strength": -1.340299,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 42.634882,
        "energy": 25.884816,
        "activity_lines": [
          112.30032,
          112.545251,
          111.28808,
          110.722419
        ]
      },
      {
        "date": "2025-11-28",
        "close": 113.720001,
        "volume": 1919,
        "typical_volume": 4940.4,
        "trend": 110.510827,
        "fair_value": 105.629326,
        "relative_strength": -1.178974,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 54.170388,
        "energy": 32.086861,
        "activity_lines": [
          112.66,
          112.812073,
          111.62539,
          110.936387
        ]
      },
      {
        "date": "2025-12-05",
        "close": 114.419998,
        "volume": 6639,
        "typical_volume": 4990.3,
        "trend": 110.65816,
        "fair_value": 105.761121,
        "relative_strength": -0.365977,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 69.603814,
        "energy": 45.931944,
        "activity_lines": [
          113.316,
          113.137804,
          112.009843,
          111.188592
        ]
      },
      {
        "date": "2025-12-12",
        "close": 114.040001,
        "volume": 634,
        "typical_volume": 4412.65,
        "trend": 110.716827,
        "fair_value": 105.91048,
        "relative_strength": -0.051996,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 62.261717,
        "energy": 47.083944,
        "activity_lines": [
          113.708,
          113.293717,
          112.330678,
          111.406775
        ]
      },
      {
        "date": "2025-12-19",
        "close": 115.18,
        "volume": 4246,
        "typical_volume": 3233.35,
        "trend": 110.84016,
        "fair_value": 106.067082,
        "relative_strength": -0.015513,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.565373,
        "energy": 66.854453,
        "activity_lines": [
          114.298667,
          113.65472,
          112.735893,
          111.694722
        ]
      },
      {
        "date": "2025-12-26",
        "close": 115.540001,
        "volume": 553,
        "typical_volume": 2538.1,
        "trend": 110.949493,
        "fair_value": 106.23048,
        "relative_strength": 0.929086,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.294271,
        "energy": 72.289933,
        "activity_lines": [
          114.873334,
          114.038269,
          113.123204,
          111.997937
        ]
      },
      {
        "date": "2026-01-02",
        "close": 116.419998,
        "volume": 1275,
        "typical_volume": 2554.55,
        "trend": 111.059493,
        "fair_value": 106.376634,
        "relative_strength": 0.622232,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.872969,
        "energy": 82.281187,
        "activity_lines": [
          115.486666,
          114.549091,
          113.547467,
          112.350873
        ]
      },
      {
        "date": "2026-01-09",
        "close": 120.139999,
        "volume": 1748,
        "typical_volume": 2574.05,
        "trend": 111.334827,
        "fair_value": 106.535287,
        "relative_strength": 1.790873,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 94.465368,
        "energy": 95.655311,
        "activity_lines": [
          117.159999,
          115.704363,
          114.281348,
          112.936712
        ]
      },
      {
        "date": "2026-01-16",
        "close": 121.059998,
        "volume": 3969,
        "typical_volume": 2729.85,
        "trend": 111.742827,
        "fair_value": 106.699198,
        "relative_strength": 3.797659,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 93.106466,
        "energy": 96.763699,
        "activity_lines": [
          118.758665,
          116.885454,
          115.052468,
          113.564142
        ]
      },
      {
        "date": "2026-01-23",
        "close": 119.559998,
        "volume": 2504,
        "typical_volume": 2601.9,
        "trend": 112.087493,
        "fair_value": 106.854262,
        "relative_strength": 3.886659,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.598186,
        "energy": 89.100401,
        "activity_lines": [
          119.389332,
          117.616726,
          115.619874,
          114.068476
        ]
      },
      {
        "date": "2026-01-30",
        "close": 119.480003,
        "volume": 1751,
        "typical_volume": 2296.5,
        "trend": 112.437493,
        "fair_value": 107.0033,
        "relative_strength": 3.967924,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.134419,
        "energy": 87.511265,
        "activity_lines": [
          119.701333,
          118.216727,
          116.130994,
          114.545412
        ]
      },
      {
        "date": "2026-02-06",
        "close": 119.480003,
        "volume": 1882,
        "typical_volume": 2123.4,
        "trend": 112.76616,
        "fair_value": 107.153813,
        "relative_strength": 2.084877,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.157604,
        "energy": 75.096352,
        "activity_lines": [
          119.750668,
          118.675637,
          116.595352,
          114.999768
        ]
      },
      {
        "date": "2026-02-13",
        "close": 121.519997,
        "volume": 13040,
        "typical_volume": 2717.35,
        "trend": 113.194826,
        "fair_value": 107.314454,
        "relative_strength": 3.283135,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.004527,
        "energy": 70.40984,
        "activity_lines": [
          120.276,
          119.400727,
          117.208663,
          115.564531
        ]
      },
      {
        "date": "2026-02-20",
        "close": 123.940002,
        "volume": 1831,
        "typical_volume": 2561.8,
        "trend": 113.69416,
        "fair_value": 107.499967,
        "relative_strength": 2.784459,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 90.22956,
        "energy": 79.439346,
        "activity_lines": [
          121.516001,
          120.436727,
          117.992259,
          116.257768
        ]
      },
      {
        "date": "2026-02-27",
        "close": 124.019997,
        "volume": 2300,
        "typical_volume": 2638.65,
        "trend": 114.35416,
        "fair_value": 107.677659,
        "relative_strength": 2.047743,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 84.294111,
        "energy": 88.842494,
        "activity_lines": [
          122.590666,
          121.307272,
          118.73576,
          116.923952
        ]
      },
      {
        "date": "2026-03-06",
        "close": 117.0,
        "volume": 2626,
        "typical_volume": 2679.2,
        "trend": 114.730826,
        "fair_value": 107.820287,
        "relative_strength": 3.274093,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.25399,
        "energy": 56.767259,
        "activity_lines": [
          121.027999,
          120.740727,
          118.757356,
          117.094651
        ]
      },
      {
        "date": "2026-03-13",
        "close": 116.720001,
        "volume": 2691,
        "typical_volume": 2795.85,
        "trend": 115.053493,
        "fair_value": 107.971249,
        "relative_strength": 3.997547,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 38.473411,
        "energy": 33.619019,
        "activity_lines": [
          119.537333,
          120.096727,
          118.736762,
          117.222985
        ]
      },
      {
        "date": "2026-03-20",
        "close": 110.82,
        "volume": 1839,
        "typical_volume": 2872.25,
        "trend": 115.095493,
        "fair_value": 108.073877,
        "relative_strength": 1.850264,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "up",
        "direction": -9.985164,
        "energy": 26.214534,
        "activity_lines": [
          116.264,
          118.374545,
          118.144476,
          116.949856
        ]
      },
      {
        "date": "2026-03-27",
        "close": 111.099998,
        "volume": 5364,
        "typical_volume": 3120.05,
        "trend": 115.189493,
        "fair_value": 108.153492,
        "relative_strength": 1.572609,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -41.53097,
        "energy": 48.429791,
        "activity_lines": [
          113.797333,
          116.872727,
          117.58619,
          116.692082
        ]
      },
      {
        "date": "2026-04-03",
        "close": 114.779999,
        "volume": 2553,
        "typical_volume": 3056.65,
        "trend": 115.370826,
        "fair_value": 108.26298,
        "relative_strength": 1.474632,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -24.44407,
        "energy": 41.295349,
        "activity_lines": [
          113.413333,
          116.22109,
          117.379428,
          116.665663
        ]
      },
      {
        "date": "2026-04-10",
        "close": 117.940002,
        "volume": 2252,
        "typical_volume": 3080.8,
        "trend": 115.646826,
        "fair_value": 108.3758,
        "relative_strength": 0.523079,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -17.671991,
        "energy": 32.459291,
        "activity_lines": [
          114.698667,
          116.230909,
          117.465809,
          116.831417
        ]
      },
      {
        "date": "2026-04-17",
        "close": 120.620003,
        "volume": 1461,
        "typical_volume": 3057.9,
        "trend": 116.00216,
        "fair_value": 108.503493,
        "relative_strength": 0.789877,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "up",
        "direction": 38.627003,
        "energy": 19.001552,
        "activity_lines": [
          116.814668,
          116.756,
          117.77781,
          117.152267
        ]
      },
      {
        "date": "2026-04-24",
        "close": 119.040001,
        "volume": 1672,
        "typical_volume": 2809.55,
        "trend": 116.340827,
        "fair_value": 108.625287,
        "relative_strength": 2.672727,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 40.004707,
        "energy": 28.696614,
        "activity_lines": [
          118.144001,
          116.973092,
          117.906476,
          117.348256
        ]
      },
      {
        "date": "2026-05-01",
        "close": 117.339996,
        "volume": 2781,
        "typical_volume": 2916.9,
        "trend": 116.454827,
        "fair_value": 108.737467,
        "relative_strength": 1.709546,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 36.142546,
        "energy": 29.651856,
        "activity_lines": [
          118.358666,
          116.926182,
          117.851238,
          117.412719
        ]
      },
      {
        "date": "2026-05-08",
        "close": 117.900002,
        "volume": 4133,
        "typical_volume": 2911.25,
        "trend": 116.62416,
        "fair_value": 108.847852,
        "relative_strength": 2.178217,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 36.465225,
        "energy": 26.620348,
        "activity_lines": [
          118.344,
          117.101091,
          117.833619,
          117.505956
        ]
      },
      {
        "date": "2026-05-15",
        "close": 117.160004,
        "volume": 10568,
        "typical_volume": 3412.0,
        "trend": 116.73816,
        "fair_value": 108.947339,
        "relative_strength": 3.510627,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 30.589634,
        "energy": 16.259599,
        "activity_lines": [
          117.874668,
          117.252728,
          117.732572,
          117.540527
        ]
      },
      {
        "date": "2026-05-22",
        "close": 121.040001,
        "volume": 5894,
        "typical_volume": 3642.95,
        "trend": 116.950667,
        "fair_value": 109.081698,
        "relative_strength": 4.717319,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 57.326522,
        "energy": 26.949047,
        "activity_lines": [
          118.750668,
          118.10691,
          117.993334,
          117.818065
        ]
      },
      {
        "date": "2026-05-29",
        "close": 120.82,
        "volume": 3788,
        "typical_volume": 3744.95,
        "trend": 117.232667,
        "fair_value": 109.213749,
        "relative_strength": 3.624122,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 55.227362,
        "energy": 30.560643,
        "activity_lines": [
          119.525334,
          118.842546,
          118.211143,
          118.067699
        ]
      },
      {
        "date": "2026-06-05",
        "close": 119.900002,
        "volume": 406,
        "typical_volume": 3566.8,
        "trend": 117.518667,
        "fair_value": 109.344582,
        "relative_strength": 2.38509,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 50.23879,
        "energy": 38.571228,
        "activity_lines": [
          119.874668,
          119.229092,
          118.338096,
          118.239785
        ]
      },
      {
        "date": "2026-06-12",
        "close": 121.959999,
        "volume": 104,
        "typical_volume": 3446.8,
        "trend": 117.812667,
        "fair_value": 109.478172,
        "relative_strength": 2.483819,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.652581,
        "energy": 60.120352,
        "activity_lines": [
          120.740001,
          119.830183,
          118.666762,
          118.526323
        ]
      },
      {
        "date": "2026-06-19",
        "close": 122.139999,
        "volume": 36,
        "typical_volume": 3361.05,
        "trend": 118.16,
        "fair_value": 109.631441,
        "relative_strength": 1.755843,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.044722,
        "energy": 64.164063,
        "activity_lines": [
          121.394667,
          120.333455,
          119.001143,
          118.805506
        ]
      },
      {
        "date": "2026-06-26",
        "close": 123.839996,
        "volume": 372,
        "typical_volume": 3285.55,
        "trend": 118.497333,
        "fair_value": 109.783749,
        "relative_strength": 3.538856,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.42173,
        "energy": 73.96484,
        "activity_lines": [
          122.283998,
          121.069454,
          119.484762,
          119.171957
        ]
      },
      {
        "date": "2026-07-03",
        "close": 127.360001,
        "volume": 11,
        "typical_volume": 2634.1,
        "trend": 118.928667,
        "fair_value": 109.9808,
        "relative_strength": 4.825569,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 90.405498,
        "energy": 88.289051,
        "activity_lines": [
          124.159999,
          122.386909,
          120.282857,
          119.743742
        ]
      },
      {
        "date": "2026-07-10",
        "close": 124.019997,
        "volume": 4518,
        "typical_volume": 2768.45,
        "trend": 119.261333,
        "fair_value": 110.134262,
        "relative_strength": 4.024447,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.864111,
        "energy": 78.93435,
        "activity_lines": [
          124.486665,
          122.945817,
          120.735047,
          120.072215
        ]
      },
      {
        "date": "2026-07-17",
        "close": 123.68,
        "volume": 586,
        "typical_volume": 2682.75,
        "trend": 119.544667,
        "fair_value": 110.282851,
        "relative_strength": 3.610053,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.199489,
        "energy": 75.808768,
        "activity_lines": [
          124.425332,
          123.321454,
          121.154476,
          120.35729
        ]
      },
      {
        "date": "2026-07-24",
        "close": 122.360001,
        "volume": 2360,
        "typical_volume": 2669.45,
        "trend": 119.772,
        "fair_value": 110.416057,
        "relative_strength": 1.997544,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.758853,
        "energy": 56.176487,
        "activity_lines": [
          123.809333,
          123.351999,
          121.449809,
          120.538925
        ]
      },
      {
        "date": "2026-07-31",
        "close": 124.82,
        "volume": 1943,
        "typical_volume": 2632.05,
        "trend": 120.052,
        "fair_value": 110.582339,
        "relative_strength": 2.251039,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.55395,
        "energy": 45.737674,
        "activity_lines": [
          123.998667,
          123.735272,
          121.953905,
          120.864602
        ]
      },
      {
        "date": "2026-08-07",
        "close": 127.68,
        "volume": 359,
        "typical_volume": 2558.05,
        "trend": 120.303333,
        "fair_value": 110.765928,
        "relative_strength": 1.993402,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 81.206303,
        "energy": 57.240834,
        "activity_lines": [
          125.076,
          124.569818,
          122.691809,
          121.356731
        ]
      }
    ],
    "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."
    }
  }
}