{
  "ticker": {
    "uuid": "f06a800b-2c43-4cfa-9e2e-14667b128be3",
    "symbol": "TMFM",
    "name": "MOTLEY FOOL MID-CAP GROWTH ETF",
    "exchange": "CBOE",
    "country": "US",
    "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": "SPY",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 89.334,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "mixed",
    "architecture_direction": 44.733,
    "architecture_energy": 39.821,
    "architecture_maturity": 23.309,
    "architecture_confidence": 44.798,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 27.82,
        "rotation_up": 56.39,
        "upward_expansion": 53.43,
        "deceleration": 29.34,
        "rotation_down": 25.08,
        "downward_expansion": 16.43
      },
      "activity_lines": [
        22.14102,
        21.924605,
        21.570792,
        21.451278
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 23.0049,
    "trend_reference": 21.573217,
    "distance_from_trend": 0.066364,
    "trend_direction": "Weakening",
    "fair_value": 23.472351,
    "distance_from_fair_value": -0.019915,
    "fair_value_direction": "Improving",
    "relative_strength": -10.396767,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.040005,
    "excess_performance": -0.08562,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.066364,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.029098,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.019915,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.078319,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.103968,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.119901,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.040005,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.073119,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 39225,
      "relative_activity": 0.748337,
      "balance": 1.073119,
      "dry_up": 0.704787,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.042664,
      "annualized_volatility": 0.217987,
      "from_high_reference": -0.123903,
      "from_low_reference": 0.170137
    },
    "levels": {
      "trend_reference": 21.573217,
      "fair_value_reference": 23.472351,
      "structural_low": 19.66,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": 0.014077,
        "positive_rate": 0.625,
        "directional_follow_through": 0.625,
        "median_excess_return": 0.006621,
        "regime_survival": 0.5,
        "best_return": 0.054303,
        "worst_return": -0.055785,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.005478,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.051778,
        "regime_survival": 0.5,
        "best_return": 0.107404,
        "worst_return": -0.088675,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.011021,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.103126,
        "regime_survival": 0.333333,
        "best_return": 0.218683,
        "worst_return": -0.136216,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.164553,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.050698,
        "regime_survival": 0.0,
        "best_return": 0.164553,
        "worst_return": 0.164553,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-06-14",
        "end": "2024-07-12",
        "tenure": "Developing",
        "return": 0.047733,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-07-19",
        "end": "2024-12-27",
        "tenure": "Established",
        "return": 0.103316,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-03",
        "end": "2025-02-07",
        "tenure": "Developing",
        "return": 0.049635,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-14",
        "end": "2025-02-21",
        "tenure": "New",
        "return": -0.035632,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-28",
        "end": "2025-03-14",
        "tenure": "New",
        "return": -0.055285,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-21",
        "end": "2025-04-04",
        "tenure": "New",
        "return": -0.078125,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.10488,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-06-06",
        "tenure": "New",
        "return": 0.03526,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-13",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.007917,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-18",
        "end": "2025-08-08",
        "tenure": "New",
        "return": -0.023803,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-15",
        "end": "2025-09-26",
        "tenure": "Developing",
        "return": -0.035382,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-10-03",
        "end": "2025-10-31",
        "tenure": "Developing",
        "return": -0.039061,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-07",
        "end": "2026-06-05",
        "tenure": "Extended",
        "return": -0.090127,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-06-12",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.080042,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 20.079822,
        "volume": 32841,
        "typical_volume": 38493.55,
        "trend": 19.409666,
        "fair_value": 19.662378,
        "relative_strength": -2.214421,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.138192,
        "energy": 46.604609,
        "activity_lines": [
          20.389693,
          20.33472,
          19.942153,
          19.655936
        ]
      },
      {
        "date": "2023-08-25",
        "close": 20.265967,
        "volume": 24808,
        "typical_volume": 38502.35,
        "trend": 19.438439,
        "fair_value": 19.66916,
        "relative_strength": -1.967939,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.91947,
        "energy": 33.80056,
        "activity_lines": [
          20.321625,
          20.34758,
          20.004919,
          19.711181
        ]
      },
      {
        "date": "2023-09-01",
        "close": 20.84967,
        "volume": 26415,
        "typical_volume": 38373.25,
        "trend": 19.460818,
        "fair_value": 19.682277,
        "relative_strength": -1.547331,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.743926,
        "energy": 46.15543,
        "activity_lines": [
          20.468244,
          20.457744,
          20.114746,
          19.802229
        ]
      },
      {
        "date": "2023-09-08",
        "close": 20.370578,
        "volume": 19504,
        "typical_volume": 37385.15,
        "trend": 19.491045,
        "fair_value": 19.689841,
        "relative_strength": -2.447059,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.770494,
        "energy": 34.853031,
        "activity_lines": [
          20.453403,
          20.452873,
          20.169656,
          19.860923
        ]
      },
      {
        "date": "2023-09-15",
        "close": 20.199931,
        "volume": 20924,
        "typical_volume": 36313.5,
        "trend": 19.511743,
        "fair_value": 19.695385,
        "relative_strength": -2.996567,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 42.938949,
        "energy": 31.28993,
        "activity_lines": [
          20.376182,
          20.412412,
          20.202495,
          19.906657
        ]
      },
      {
        "date": "2023-09-22",
        "close": 19.97521,
        "volume": 45557,
        "typical_volume": 37024.85,
        "trend": 19.545027,
        "fair_value": 19.698394,
        "relative_strength": -1.087334,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.373393,
        "energy": 24.3319,
        "activity_lines": [
          20.250188,
          20.325545,
          20.209114,
          19.936558
        ]
      },
      {
        "date": "2023-09-29",
        "close": 19.99812,
        "volume": 27918,
        "typical_volume": 34877.6,
        "trend": 19.56164,
        "fair_value": 19.701583,
        "relative_strength": -0.156624,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 30.11698,
        "energy": 19.734309,
        "activity_lines": [
          20.138804,
          20.252254,
          20.213589,
          19.96579
        ]
      },
      {
        "date": "2023-10-06",
        "close": 19.91347,
        "volume": 21036,
        "typical_volume": 34337.7,
        "trend": 19.625715,
        "fair_value": 19.703813,
        "relative_strength": -0.916635,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 10.352575,
        "energy": 15.681605,
        "activity_lines": [
          20.01706,
          20.173929,
          20.204979,
          19.988489
        ]
      },
      {
        "date": "2023-10-13",
        "close": 19.844234,
        "volume": 27507,
        "typical_volume": 33889.2,
        "trend": 19.687039,
        "fair_value": 19.705276,
        "relative_strength": -1.61104,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 2.756948,
        "energy": 16.043112,
        "activity_lines": [
          19.934651,
          20.099557,
          20.186072,
          20.002587
        ]
      },
      {
        "date": "2023-10-20",
        "close": 19.312668,
        "volume": 43437,
        "typical_volume": 33861.0,
        "trend": 19.727303,
        "fair_value": 19.701228,
        "relative_strength": -1.842263,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -33.991172,
        "energy": 33.767905,
        "activity_lines": [
          19.710142,
          19.936607,
          20.11161,
          19.978434
        ]
      },
      {
        "date": "2023-10-27",
        "close": 18.841663,
        "volume": 16073,
        "typical_volume": 33373.9,
        "trend": 19.723667,
        "fair_value": 19.692457,
        "relative_strength": -1.713091,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -45.39876,
        "energy": 61.130603,
        "activity_lines": [
          19.387783,
          19.711279,
          19.991643,
          19.921296
        ]
      },
      {
        "date": "2023-11-03",
        "close": 19.538569,
        "volume": 41266,
        "typical_volume": 32843.25,
        "trend": 19.759124,
        "fair_value": 19.690903,
        "relative_strength": -3.62522,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -24.576617,
        "energy": 53.117871,
        "activity_lines": [
          19.373296,
          19.635173,
          19.940441,
          19.909354
        ]
      },
      {
        "date": "2023-11-10",
        "close": 19.505299,
        "volume": 31501,
        "typical_volume": 33066.0,
        "trend": 19.779342,
        "fair_value": 19.689047,
        "relative_strength": -4.924026,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.746095,
        "energy": 53.405614,
        "activity_lines": [
          19.378355,
          19.566244,
          19.887223,
          19.892978
        ]
      },
      {
        "date": "2023-11-17",
        "close": 20.074094,
        "volume": 35329,
        "typical_volume": 32475.4,
        "trend": 19.810189,
        "fair_value": 19.692859,
        "relative_strength": -4.267099,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -17.444715,
        "energy": 20.747737,
        "activity_lines": [
          19.600224,
          19.625174,
          19.887263,
          19.911995
        ]
      },
      {
        "date": "2023-11-24",
        "close": 20.269588,
        "volume": 28565,
        "typical_volume": 31919.05,
        "trend": 19.846234,
        "fair_value": 19.698513,
        "relative_strength": -4.17373,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 12.101286,
        "energy": 13.447135,
        "activity_lines": [
          19.871934,
          19.72504,
          19.906138,
          19.941633
        ]
      },
      {
        "date": "2023-12-01",
        "close": 20.652828,
        "volume": 29963,
        "typical_volume": 30650.4,
        "trend": 19.899109,
        "fair_value": 19.707779,
        "relative_strength": -3.064815,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": 29.265002,
        "energy": 29.744447,
        "activity_lines": [
          20.207596,
          19.89332,
          19.959728,
          19.993672
        ]
      },
      {
        "date": "2023-12-08",
        "close": 20.593279,
        "volume": 40126,
        "typical_volume": 30424.95,
        "trend": 19.954105,
        "fair_value": 19.716293,
        "relative_strength": -3.473803,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "up",
        "direction": 56.07348,
        "energy": 45.143806,
        "activity_lines": [
          20.402664,
          20.038452,
          20.006884,
          20.038457
        ]
      },
      {
        "date": "2023-12-15",
        "close": 21.46265,
        "volume": 49479,
        "typical_volume": 31472.35,
        "trend": 20.031667,
        "fair_value": 19.732925,
        "relative_strength": -1.685537,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 84.505848,
        "energy": 77.812609,
        "activity_lines": [
          20.817208,
          20.33083,
          20.136717,
          20.135782
        ]
      },
      {
        "date": "2023-12-22",
        "close": 21.780917,
        "volume": 112807,
        "typical_volume": 35812.6,
        "trend": 20.130732,
        "fair_value": 19.752246,
        "relative_strength": -1.073571,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 87.144067,
        "energy": 87.39061,
        "activity_lines": [
          21.207351,
          20.652908,
          20.293815,
          20.248637
        ]
      },
      {
        "date": "2023-12-29",
        "close": 21.879889,
        "volume": 37827,
        "typical_volume": 35644.15,
        "trend": 20.220837,
        "fair_value": 19.77213,
        "relative_strength": -0.902448,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.632958,
        "energy": 89.877093,
        "activity_lines": [
          21.516697,
          20.957769,
          20.453231,
          20.361486
        ]
      },
      {
        "date": "2024-01-05",
        "close": 21.201952,
        "volume": 20272,
        "typical_volume": 35015.7,
        "trend": 20.282766,
        "fair_value": 19.785369,
        "relative_strength": -2.348747,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.777915,
        "energy": 81.366274,
        "activity_lines": [
          21.49271,
          21.092691,
          20.541948,
          20.424784
        ]
      },
      {
        "date": "2024-01-12",
        "close": 21.505783,
        "volume": 40562,
        "typical_volume": 35803.4,
        "trend": 20.340268,
        "fair_value": 19.801153,
        "relative_strength": -2.620591,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.686487,
        "energy": 75.460479,
        "activity_lines": [
          21.533392,
          21.239942,
          20.654258,
          20.503688
        ]
      },
      {
        "date": "2024-01-19",
        "close": 21.553151,
        "volume": 37066,
        "typical_volume": 36335.95,
        "trend": 20.41492,
        "fair_value": 19.81708,
        "relative_strength": -3.39187,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.741206,
        "energy": 59.656026,
        "activity_lines": [
          21.529029,
          21.360037,
          20.765175,
          20.581938
        ]
      },
      {
        "date": "2024-01-26",
        "close": 21.634836,
        "volume": 52206,
        "typical_volume": 37971.05,
        "trend": 20.465425,
        "fair_value": 19.833456,
        "relative_strength": -3.849704,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.459291,
        "energy": 51.886573,
        "activity_lines": [
          21.545862,
          21.45775,
          20.880522,
          20.660643
        ]
      },
      {
        "date": "2024-02-02",
        "close": 21.706493,
        "volume": 30910,
        "typical_volume": 38470.35,
        "trend": 20.525816,
        "fair_value": 19.85018,
        "relative_strength": -4.656171,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.014961,
        "energy": 53.495651,
        "activity_lines": [
          21.596319,
          21.540115,
          20.996673,
          20.740712
        ]
      },
      {
        "date": "2024-02-09",
        "close": 22.055358,
        "volume": 51983,
        "typical_volume": 38791.65,
        "trend": 20.577902,
        "fair_value": 19.869695,
        "relative_strength": -4.270921,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.897726,
        "energy": 57.201931,
        "activity_lines": [
          21.774624,
          21.659784,
          21.138875,
          20.839392
        ]
      },
      {
        "date": "2024-02-16",
        "close": 22.306462,
        "volume": 23688,
        "typical_volume": 38580.15,
        "trend": 20.635858,
        "fair_value": 19.89107,
        "relative_strength": -2.684333,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.333816,
        "energy": 69.644343,
        "activity_lines": [
          21.979736,
          21.799608,
          21.295087,
          20.950912
        ]
      },
      {
        "date": "2024-02-23",
        "close": 22.506308,
        "volume": 21384,
        "typical_volume": 38597.55,
        "trend": 20.691961,
        "fair_value": 19.913811,
        "relative_strength": -3.250942,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.002284,
        "energy": 81.643736,
        "activity_lines": [
          22.198086,
          21.944618,
          21.459339,
          21.071586
        ]
      },
      {
        "date": "2024-03-01",
        "close": 22.871596,
        "volume": 27222,
        "typical_volume": 38583.3,
        "trend": 20.778077,
        "fair_value": 19.939309,
        "relative_strength": -2.459628,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.31755,
        "energy": 90.289556,
        "activity_lines": [
          22.474654,
          22.137069,
          21.646034,
          21.212208
        ]
      },
      {
        "date": "2024-03-08",
        "close": 22.969617,
        "volume": 34145,
        "typical_volume": 38118.7,
        "trend": 20.857333,
        "fair_value": 19.965209,
        "relative_strength": -1.724141,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.701327,
        "energy": 89.185118,
        "activity_lines": [
          22.701445,
          22.327512,
          21.827648,
          21.353597
        ]
      },
      {
        "date": "2024-03-15",
        "close": 22.737617,
        "volume": 42736,
        "typical_volume": 39451.85,
        "trend": 20.945927,
        "fair_value": 19.988704,
        "relative_strength": -2.568998,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.363573,
        "energy": 84.352897,
        "activity_lines": [
          22.766695,
          22.45596,
          21.969752,
          21.474906
        ]
      },
      {
        "date": "2024-03-22",
        "close": 23.081987,
        "volume": 40419,
        "typical_volume": 39409.5,
        "trend": 21.039794,
        "fair_value": 20.014698,
        "relative_strength": -3.166266,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 75.335016,
        "energy": 83.20585,
        "activity_lines": [
          22.90125,
          22.619099,
          22.126102,
          21.612716
        ]
      },
      {
        "date": "2024-03-29",
        "close": 23.427395,
        "volume": 28778,
        "typical_volume": 39273.35,
        "trend": 21.125718,
        "fair_value": 20.043137,
        "relative_strength": -1.976993,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.714004,
        "energy": 76.450831,
        "activity_lines": [
          23.09924,
          22.816381,
          22.298475,
          21.766755
        ]
      },
      {
        "date": "2024-04-05",
        "close": 22.930115,
        "volume": 13669,
        "typical_volume": 38190.35,
        "trend": 21.211036,
        "fair_value": 20.066997,
        "relative_strength": -3.134661,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.676852,
        "energy": 62.669865,
        "activity_lines": [
          23.070064,
          22.889171,
          22.40481,
          21.883168
        ]
      },
      {
        "date": "2024-04-12",
        "close": 22.327034,
        "volume": 29067,
        "typical_volume": 38215.45,
        "trend": 21.281939,
        "fair_value": 20.085522,
        "relative_strength": -4.170554,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.228406,
        "energy": 50.874844,
        "activity_lines": [
          22.83596,
          22.82876,
          22.44011,
          21.955168
        ]
      },
      {
        "date": "2024-04-19",
        "close": 21.618153,
        "volume": 54472,
        "typical_volume": 39440.9,
        "trend": 21.336704,
        "fair_value": 20.097982,
        "relative_strength": -4.132643,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 24.370522,
        "energy": 20.0119,
        "activity_lines": [
          22.408402,
          22.628179,
          22.398099,
          21.976859
        ]
      },
      {
        "date": "2024-04-26",
        "close": 22.204292,
        "volume": 43430,
        "typical_volume": 39606.1,
        "trend": 21.410243,
        "fair_value": 20.114968,
        "relative_strength": -3.944771,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 29.070325,
        "energy": 26.332054,
        "activity_lines": [
          22.250853,
          22.542118,
          22.407315,
          22.032832
        ]
      },
      {
        "date": "2024-05-03",
        "close": 22.509419,
        "volume": 17150,
        "typical_volume": 37989.65,
        "trend": 21.496775,
        "fair_value": 20.134124,
        "relative_strength": -3.084838,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 25.074035,
        "energy": 25.394291,
        "activity_lines": [
          22.253527,
          22.513392,
          22.437918,
          22.103747
        ]
      },
      {
        "date": "2024-05-10",
        "close": 22.990362,
        "volume": 30233,
        "typical_volume": 33860.95,
        "trend": 21.601646,
        "fair_value": 20.156793,
        "relative_strength": -2.723905,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 45.320796,
        "energy": 25.035871,
        "activity_lines": [
          22.477713,
          22.572054,
          22.509341,
          22.200107
        ]
      },
      {
        "date": "2024-05-17",
        "close": 23.090545,
        "volume": 34683,
        "typical_volume": 33703.75,
        "trend": 21.727575,
        "fair_value": 20.179893,
        "relative_strength": -3.776064,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 63.545132,
        "energy": 39.460219,
        "activity_lines": [
          22.731278,
          22.646771,
          22.584547,
          22.296165
        ]
      },
      {
        "date": "2024-05-24",
        "close": 22.804606,
        "volume": 19291,
        "typical_volume": 33654.7,
        "trend": 21.859673,
        "fair_value": 20.200398,
        "relative_strength": -4.870572,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 51.79341,
        "energy": 40.461536,
        "activity_lines": [
          22.838628,
          22.667301,
          22.626754,
          22.365651
        ]
      },
      {
        "date": "2024-05-31",
        "close": 22.619369,
        "volume": 40614,
        "typical_volume": 33657.3,
        "trend": 21.962366,
        "fair_value": 20.21915,
        "relative_strength": -5.169183,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 51.291919,
        "energy": 38.557361,
        "activity_lines": [
          22.805136,
          22.652934,
          22.643689,
          22.414664
        ]
      },
      {
        "date": "2024-06-07",
        "close": 22.4082,
        "volume": 38921,
        "typical_volume": 33750.05,
        "trend": 22.05913,
        "fair_value": 20.235989,
        "relative_strength": -7.076847,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 33.848049,
        "energy": 23.405783,
        "activity_lines": [
          22.673583,
          22.608583,
          22.635209,
          22.443427
        ]
      },
      {
        "date": "2024-06-14",
        "close": 22.308104,
        "volume": 30499,
        "typical_volume": 32664.7,
        "trend": 22.133597,
        "fair_value": 20.251807,
        "relative_strength": -8.815861,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 11.134167,
        "energy": 7.662682,
        "activity_lines": [
          22.515412,
          22.564564,
          22.613125,
          22.45949
        ]
      },
      {
        "date": "2024-06-21",
        "close": 22.539932,
        "volume": 50207,
        "typical_volume": 33629.55,
        "trend": 22.209275,
        "fair_value": 20.269141,
        "relative_strength": -8.307961,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 13.703865,
        "energy": 11.625875,
        "activity_lines": [
          22.480001,
          22.574004,
          22.609914,
          22.485705
        ]
      },
      {
        "date": "2024-06-28",
        "close": 22.707363,
        "volume": 41828,
        "typical_volume": 33121.8,
        "trend": 22.277759,
        "fair_value": 20.287473,
        "relative_strength": -7.407957,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 19.173244,
        "energy": 11.469604,
        "activity_lines": [
          22.537108,
          22.610016,
          22.618679,
          22.51784
        ]
      },
      {
        "date": "2024-07-05",
        "close": 22.698719,
        "volume": 29843,
        "typical_volume": 33429.55,
        "trend": 22.347941,
        "fair_value": 20.305468,
        "relative_strength": -8.984839,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 31.623553,
        "energy": 12.872835,
        "activity_lines": [
          22.597817,
          22.624653,
          22.623517,
          22.544999
        ]
      },
      {
        "date": "2024-07-12",
        "close": 23.372939,
        "volume": 49406,
        "typical_volume": 34830.65,
        "trend": 22.411617,
        "fair_value": 20.32819,
        "relative_strength": -6.997157,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 67.102362,
        "energy": 48.113312,
        "activity_lines": [
          22.877975,
          22.752885,
          22.690698,
          22.611127
        ]
      },
      {
        "date": "2024-07-19",
        "close": 23.577971,
        "volume": 42846,
        "typical_volume": 35611.85,
        "trend": 22.471519,
        "fair_value": 20.352085,
        "relative_strength": -4.171009,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.124601,
        "energy": 68.767299,
        "activity_lines": [
          23.162162,
          22.902695,
          22.773279,
          22.686376
        ]
      },
      {
        "date": "2024-07-26",
        "close": 24.411669,
        "volume": 22988,
        "typical_volume": 35054.0,
        "trend": 22.555912,
        "fair_value": 20.381717,
        "relative_strength": 0.105706,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 90.066531,
        "energy": 86.877697,
        "activity_lines": [
          23.63959,
          23.193403,
          22.931897,
          22.811547
        ]
      },
      {
        "date": "2024-08-02",
        "close": 23.869873,
        "volume": 32743,
        "typical_volume": 34554.35,
        "trend": 22.644842,
        "fair_value": 20.406994,
        "relative_strength": 0.057451,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.418862,
        "energy": 80.273503,
        "activity_lines": [
          23.811637,
          23.361582,
          23.032048,
          22.896319
        ]
      },
      {
        "date": "2024-08-09",
        "close": 23.792511,
        "volume": 12745,
        "typical_volume": 33170.65,
        "trend": 22.721067,
        "fair_value": 20.43135,
        "relative_strength": -0.188631,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 64.586137,
        "energy": 74.78484,
        "activity_lines": [
          23.880396,
          23.496327,
          23.119439,
          22.970362
        ]
      },
      {
        "date": "2024-08-16",
        "close": 24.145871,
        "volume": 29141,
        "typical_volume": 33188.8,
        "trend": 22.807491,
        "fair_value": 20.457882,
        "relative_strength": -2.47272,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.935183,
        "energy": 72.350444,
        "activity_lines": [
          23.994022,
          23.67399,
          23.2371,
          23.062285
        ]
      },
      {
        "date": "2024-08-23",
        "close": 24.448146,
        "volume": 32493,
        "typical_volume": 34130.0,
        "trend": 22.901268,
        "fair_value": 20.486182,
        "relative_strength": -2.490424,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.108664,
        "energy": 57.183091,
        "activity_lines": [
          24.156877,
          23.875017,
          23.380128,
          23.168134
        ]
      },
      {
        "date": "2024-08-30",
        "close": 24.655857,
        "volume": 27748,
        "typical_volume": 34064.05,
        "trend": 22.99958,
        "fair_value": 20.515546,
        "relative_strength": -1.800318,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.088043,
        "energy": 61.471885,
        "activity_lines": [
          24.330958,
          24.0749,
          23.535709,
          23.281333
        ]
      },
      {
        "date": "2024-09-06",
        "close": 23.986046,
        "volume": 18577,
        "typical_volume": 32269.3,
        "trend": 23.063936,
        "fair_value": 20.539815,
        "relative_strength": -0.260093,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.746227,
        "energy": 50.581962,
        "activity_lines": [
          24.26549,
          24.114528,
          23.616409,
          23.344976
        ]
      },
      {
        "date": "2024-09-13",
        "close": 24.70409,
        "volume": 32667,
        "typical_volume": 31731.15,
        "trend": 23.143857,
        "fair_value": 20.568734,
        "relative_strength": -1.142696,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.45703,
        "energy": 53.422722,
        "activity_lines": [
          24.431625,
          24.261461,
          23.754219,
          23.450792
        ]
      },
      {
        "date": "2024-09-20",
        "close": 24.926928,
        "volume": 35658,
        "typical_volume": 32656.55,
        "trend": 23.224544,
        "fair_value": 20.59879,
        "relative_strength": -1.513751,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.955487,
        "energy": 54.616571,
        "activity_lines": [
          24.611267,
          24.412448,
          23.901347,
          23.565829
        ]
      },
      {
        "date": "2024-09-27",
        "close": 25.091593,
        "volume": 22718,
        "typical_volume": 32280.8,
        "trend": 23.298544,
        "fair_value": 20.629563,
        "relative_strength": -1.272193,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 72.789897,
        "energy": 55.489602,
        "activity_lines": [
          24.793726,
          24.565121,
          24.052646,
          23.686284
        ]
      },
      {
        "date": "2024-10-04",
        "close": 25.094705,
        "volume": 12183,
        "typical_volume": 31155.8,
        "trend": 23.36938,
        "fair_value": 20.659938,
        "relative_strength": -1.384054,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.346433,
        "energy": 64.701665,
        "activity_lines": [
          24.934327,
          24.690838,
          24.194236,
          23.802165
        ]
      },
      {
        "date": "2024-10-11",
        "close": 25.791658,
        "volume": 21369,
        "typical_volume": 31259.7,
        "trend": 23.471182,
        "fair_value": 20.694612,
        "relative_strength": 0.292333,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.913015,
        "energy": 79.784812,
        "activity_lines": [
          25.277989,
          24.930856,
          24.392658,
          23.958441
        ]
      },
      {
        "date": "2024-10-18",
        "close": 26.188237,
        "volume": 18078,
        "typical_volume": 30132.9,
        "trend": 23.574723,
        "fair_value": 20.731482,
        "relative_strength": 1.035146,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.861239,
        "energy": 88.655512,
        "activity_lines": [
          25.63347,
          25.208037,
          24.614625,
          24.133735
        ]
      },
      {
        "date": "2024-10-25",
        "close": 26.104392,
        "volume": 33701,
        "typical_volume": 29871.9,
        "trend": 23.663957,
        "fair_value": 20.767301,
        "relative_strength": 1.739594,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.930807,
        "energy": 88.228819,
        "activity_lines": [
          25.862059,
          25.426415,
          24.811613,
          24.296939
        ]
      },
      {
        "date": "2024-11-01",
        "close": 25.957446,
        "volume": 22306,
        "typical_volume": 29462.25,
        "trend": 23.764868,
        "fair_value": 20.801673,
        "relative_strength": 2.588697,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.48928,
        "energy": 86.065739,
        "activity_lines": [
          25.963169,
          25.582466,
          24.977005,
          24.444907
        ]
      },
      {
        "date": "2024-11-08",
        "close": 27.805845,
        "volume": 54063,
        "typical_volume": 29655.05,
        "trend": 23.947495,
        "fair_value": 20.847753,
        "relative_strength": 4.832728,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 94.912938,
        "energy": 96.779962,
        "activity_lines": [
          26.622688,
          26.047148,
          25.301057,
          24.705615
        ]
      },
      {
        "date": "2024-11-15",
        "close": 27.228091,
        "volume": 54584,
        "typical_volume": 30292.85,
        "trend": 24.134493,
        "fair_value": 20.889455,
        "relative_strength": 4.773329,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 78.90738,
        "energy": 90.234366,
        "activity_lines": [
          26.90888,
          26.349511,
          25.545009,
          24.917266
        ]
      },
      {
        "date": "2024-11-22",
        "close": 28.187557,
        "volume": 57770,
        "typical_volume": 31689.2,
        "trend": 24.333935,
        "fair_value": 20.936845,
        "relative_strength": 6.585539,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 89.066953,
        "energy": 93.9639,
        "activity_lines": [
          27.419131,
          26.767376,
          25.858812,
          25.178754
        ]
      },
      {
        "date": "2024-11-29",
        "close": 28.724339,
        "volume": 39577,
        "typical_volume": 31197.75,
        "trend": 24.541099,
        "fair_value": 20.987087,
        "relative_strength": 7.249838,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.710196,
        "energy": 94.988792,
        "activity_lines": [
          27.975022,
          27.219502,
          26.1976,
          25.462006
        ]
      },
      {
        "date": "2024-12-06",
        "close": 28.023324,
        "volume": 71205,
        "typical_volume": 32615.7,
        "trend": 24.708864,
        "fair_value": 21.032191,
        "relative_strength": 3.693274,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.88054,
        "energy": 80.39879,
        "activity_lines": [
          28.122578,
          27.475127,
          26.444141,
          25.686666
        ]
      },
      {
        "date": "2024-12-13",
        "close": 27.186514,
        "volume": 48331,
        "typical_volume": 33882.85,
        "trend": 24.845396,
        "fair_value": 21.053225,
        "relative_strength": 1.247386,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.358652,
        "energy": 66.534768,
        "activity_lines": [
          27.853473,
          27.525301,
          26.589817,
          25.846514
        ]
      },
      {
        "date": "2024-12-20",
        "close": 26.113881,
        "volume": 428440,
        "typical_volume": 53667.7,
        "trend": 24.955706,
        "fair_value": 21.063079,
        "relative_strength": -0.825487,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.390053,
        "energy": 48.742892,
        "activity_lines": [
          27.268111,
          27.342417,
          26.620125,
          25.928352
        ]
      },
      {
        "date": "2024-12-27",
        "close": 26.013943,
        "volume": 30936,
        "typical_volume": 54577.25,
        "trend": 25.068858,
        "fair_value": 21.071258,
        "relative_strength": -1.722778,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 38.501972,
        "energy": 28.978235,
        "activity_lines": [
          26.723718,
          27.135504,
          26.630229,
          25.996625
        ]
      },
      {
        "date": "2025-01-03",
        "close": 25.965573,
        "volume": 53930,
        "typical_volume": 55816.7,
        "trend": 25.187437,
        "fair_value": 21.087296,
        "relative_strength": -1.31194,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 23.15042,
        "energy": 31.550631,
        "activity_lines": [
          26.308109,
          26.922966,
          26.625148,
          26.054478
        ]
      },
      {
        "date": "2025-01-10",
        "close": 25.374338,
        "volume": 64168,
        "typical_volume": 57400.45,
        "trend": 25.289645,
        "fair_value": 21.101467,
        "relative_strength": -1.570722,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 0.046222,
        "energy": 26.70267,
        "activity_lines": [
          25.879339,
          26.605455,
          26.555094,
          26.066536
        ]
      },
      {
        "date": "2025-01-17",
        "close": 26.58569,
        "volume": 43883,
        "typical_volume": 58207.2,
        "trend": 25.424504,
        "fair_value": 21.132997,
        "relative_strength": 0.211864,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 6.998287,
        "energy": 21.198432,
        "activity_lines": [
          26.030953,
          26.518791,
          26.595996,
          26.150152
        ]
      },
      {
        "date": "2025-01-24",
        "close": 27.173227,
        "volume": 42149,
        "typical_volume": 59385.8,
        "trend": 25.573366,
        "fair_value": 21.170205,
        "relative_strength": 0.68748,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.647919,
        "energy": 17.620169,
        "activity_lines": [
          26.418467,
          26.561137,
          26.683664,
          26.262973
        ]
      },
      {
        "date": "2025-01-31",
        "close": 27.320237,
        "volume": 57498,
        "typical_volume": 60627.35,
        "trend": 25.727416,
        "fair_value": 21.204813,
        "relative_strength": 2.225776,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 44.183882,
        "energy": 24.039332,
        "activity_lines": [
          26.784361,
          26.631209,
          26.770156,
          26.375674
        ]
      },
      {
        "date": "2025-02-07",
        "close": 27.254377,
        "volume": 55890,
        "typical_volume": 61638.95,
        "trend": 25.856798,
        "fair_value": 21.238907,
        "relative_strength": 2.122349,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 45.082023,
        "energy": 35.664927,
        "activity_lines": [
          27.041215,
          26.705077,
          26.837918,
          26.474187
        ]
      },
      {
        "date": "2025-02-14",
        "close": 27.133252,
        "volume": 79640,
        "typical_volume": 64485.05,
        "trend": 25.975307,
        "fair_value": 21.278336,
        "relative_strength": 0.210913,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 42.036471,
        "energy": 39.93383,
        "activity_lines": [
          27.171775,
          26.783648,
          26.883062,
          26.556539
        ]
      },
      {
        "date": "2025-02-21",
        "close": 26.166449,
        "volume": 26905,
        "typical_volume": 65221.15,
        "trend": 26.0338,
        "fair_value": 21.308011,
        "relative_strength": -1.733567,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 25.018606,
        "energy": 19.95034,
        "activity_lines": [
          26.862806,
          26.70262,
          26.826406,
          26.568871
        ]
      },
      {
        "date": "2025-02-28",
        "close": 26.233108,
        "volume": 49896,
        "typical_volume": 66647.5,
        "trend": 26.112574,
        "fair_value": 21.340326,
        "relative_strength": -0.484292,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 9.879754,
        "energy": 5.611376,
        "activity_lines": [
          26.604006,
          26.652258,
          26.770996,
          26.58173
        ]
      },
      {
        "date": "2025-03-07",
        "close": 25.508555,
        "volume": 85901,
        "typical_volume": 70038.65,
        "trend": 26.169776,
        "fair_value": 21.372331,
        "relative_strength": -0.114136,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -25.165996,
        "energy": 22.059545,
        "activity_lines": [
          26.166362,
          26.467992,
          26.644478,
          26.542761
        ]
      },
      {
        "date": "2025-03-14",
        "close": 24.782803,
        "volume": 62135,
        "typical_volume": 71460.35,
        "trend": 26.191007,
        "fair_value": 21.3885,
        "relative_strength": -0.652619,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -46.899756,
        "energy": 46.263476,
        "activity_lines": [
          25.607581,
          26.16096,
          26.452078,
          26.453279
        ]
      },
      {
        "date": "2025-03-21",
        "close": 24.966389,
        "volume": 28631,
        "typical_volume": 71776.6,
        "trend": 26.208281,
        "fair_value": 21.407351,
        "relative_strength": -0.398704,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -43.202941,
        "energy": 63.302888,
        "activity_lines": [
          25.274766,
          25.908811,
          26.283455,
          26.374271
        ]
      },
      {
        "date": "2025-03-28",
        "close": 24.848063,
        "volume": 43301,
        "typical_volume": 71238.5,
        "trend": 26.214688,
        "fair_value": 21.422606,
        "relative_strength": 0.641337,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -42.741016,
        "energy": 65.584071,
        "activity_lines": [
          25.046967,
          25.642567,
          26.108282,
          26.286515
        ]
      },
      {
        "date": "2025-04-04",
        "close": 23.015893,
        "volume": 45708,
        "typical_volume": 70794.7,
        "trend": 26.18235,
        "fair_value": 21.430571,
        "relative_strength": 2.481623,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -88.199243,
        "energy": 85.414804,
        "activity_lines": [
          24.296336,
          25.074794,
          25.772702,
          26.080141
        ]
      },
      {
        "date": "2025-04-11",
        "close": 23.951616,
        "volume": 59228,
        "typical_volume": 70867.6,
        "trend": 26.157267,
        "fair_value": 21.447643,
        "relative_strength": 0.89748,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.851663,
        "energy": 73.643788,
        "activity_lines": [
          24.072095,
          24.75274,
          25.546296,
          25.936223
        ]
      },
      {
        "date": "2025-04-18",
        "close": 24.075339,
        "volume": 20718,
        "typical_volume": 69924.65,
        "trend": 26.128881,
        "fair_value": 21.468459,
        "relative_strength": 2.801735,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.753386,
        "energy": 69.657558,
        "activity_lines": [
          23.99289,
          24.514428,
          25.351845,
          25.801905
        ]
      },
      {
        "date": "2025-04-25",
        "close": 24.4633,
        "volume": 37831,
        "typical_volume": 68255.95,
        "trend": 26.107938,
        "fair_value": 21.497583,
        "relative_strength": -0.146198,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.841183,
        "energy": 52.321251,
        "activity_lines": [
          24.09017,
          24.404456,
          25.21648,
          25.694448
        ]
      },
      {
        "date": "2025-05-02",
        "close": 25.282394,
        "volume": 27226,
        "typical_volume": 67200.7,
        "trend": 26.114194,
        "fair_value": 21.538922,
        "relative_strength": 0.260905,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -45.235403,
        "energy": 32.092958,
        "activity_lines": [
          24.494021,
          24.491955,
          25.176077,
          25.641187
        ]
      },
      {
        "date": "2025-05-09",
        "close": 25.294387,
        "volume": 25361,
        "typical_volume": 47046.75,
        "trend": 26.097619,
        "fair_value": 21.581353,
        "relative_strength": 0.733385,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -37.921541,
        "energy": 20.786329,
        "activity_lines": [
          24.872914,
          24.597708,
          25.145883,
          25.588296
        ]
      },
      {
        "date": "2025-05-16",
        "close": 26.463665,
        "volume": 129597,
        "typical_volume": 51979.8,
        "trend": 26.1068,
        "fair_value": 21.633834,
        "relative_strength": 0.077827,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -11.11807,
        "energy": 17.360612,
        "activity_lines": [
          25.489666,
          24.933124,
          25.230952,
          25.611912
        ]
      },
      {
        "date": "2025-05-23",
        "close": 25.701736,
        "volume": 40086,
        "typical_volume": 51287.6,
        "trend": 26.093378,
        "fair_value": 21.675702,
        "relative_strength": -0.303708,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -18.476241,
        "energy": 22.357971,
        "activity_lines": [
          25.684973,
          25.112643,
          25.241314,
          25.585779
        ]
      },
      {
        "date": "2025-05-30",
        "close": 25.833654,
        "volume": 30496,
        "typical_volume": 49604.0,
        "trend": 26.089251,
        "fair_value": 21.718401,
        "relative_strength": -1.55664,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -5.807238,
        "energy": 18.043501,
        "activity_lines": [
          25.815825,
          25.299438,
          25.265496,
          25.569023
        ]
      },
      {
        "date": "2025-06-06",
        "close": 26.607976,
        "volume": 27328,
        "typical_volume": 48776.25,
        "trend": 26.049322,
        "fair_value": 21.771044,
        "relative_strength": -0.338431,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 27.01569,
        "energy": 28.827071,
        "activity_lines": [
          26.113428,
          25.611251,
          25.361236,
          25.602489
        ]
      },
      {
        "date": "2025-06-13",
        "close": 25.978964,
        "volume": 69055,
        "typical_volume": 50121.55,
        "trend": 26.007685,
        "fair_value": 21.827645,
        "relative_strength": -2.425401,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 16.61654,
        "energy": 25.550931,
        "activity_lines": [
          26.112988,
          25.7767,
          25.396964,
          25.59795
        ]
      },
      {
        "date": "2025-06-20",
        "close": 25.963974,
        "volume": 14945,
        "typical_volume": 47993.9,
        "trend": 25.933565,
        "fair_value": 21.876208,
        "relative_strength": -2.399538,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 16.124804,
        "energy": 23.410085,
        "activity_lines": [
          26.061913,
          25.885549,
          25.436951,
          25.59513
        ]
      },
      {
        "date": "2025-06-27",
        "close": 26.531024,
        "volume": 41050,
        "typical_volume": 47251.9,
        "trend": 25.860455,
        "fair_value": 21.930393,
        "relative_strength": -3.651313,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 24.159624,
        "energy": 30.46615,
        "activity_lines": [
          26.233168,
          26.06091,
          25.537402,
          25.633675
        ]
      },
      {
        "date": "2025-07-04",
        "close": 26.91009,
        "volume": 93271,
        "typical_volume": 47933.45,
        "trend": 25.823347,
        "fair_value": 21.983401,
        "relative_strength": -3.970616,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 30.702996,
        "energy": 36.236664,
        "activity_lines": [
          26.475491,
          26.260543,
          25.677398,
          25.701394
        ]
      },
      {
        "date": "2025-07-11",
        "close": 26.184638,
        "volume": 23912,
        "typical_volume": 47783.8,
        "trend": 25.789951,
        "fair_value": 22.034426,
        "relative_strength": -6.290894,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 28.170865,
        "energy": 34.388356,
        "activity_lines": [
          26.404236,
          26.283789,
          25.749367,
          25.724703
        ]
      },
      {
        "date": "2025-07-18",
        "close": 26.300166,
        "volume": 33915,
        "typical_volume": 46984.75,
        "trend": 25.796161,
        "fair_value": 22.082693,
        "relative_strength": -6.408119,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "mixed",
        "direction": 26.524075,
        "energy": 34.93055,
        "activity_lines": [
          26.399712,
          26.311636,
          25.832251,
          25.75762
        ]
      },
      {
        "date": "2025-07-25",
        "close": 26.782668,
        "volume": 31206,
        "typical_volume": 44250.0,
        "trend": 25.821785,
        "fair_value": 22.128898,
        "relative_strength": -5.979711,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "mixed",
        "direction": 36.317658,
        "energy": 43.225986,
        "activity_lines": [
          26.534608,
          26.408923,
          25.960769,
          25.821265
        ]
      },
      {
        "date": "2025-08-01",
        "close": 25.730518,
        "volume": 45053,
        "typical_volume": 43395.9,
        "trend": 25.81395,
        "fair_value": 22.165821,
        "relative_strength": -7.280751,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 36.168706,
        "energy": 20.7413,
        "activity_lines": [
          26.264208,
          26.30911,
          25.983015,
          25.815377
        ]
      },
      {
        "date": "2025-08-08",
        "close": 25.674153,
        "volume": 18344,
        "typical_volume": 42881.55,
        "trend": 25.823943,
        "fair_value": 22.19695,
        "relative_strength": -9.537585,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "mixed",
        "direction": 0.024416,
        "energy": 5.916284,
        "activity_lines": [
          26.028387,
          26.198525,
          25.99538,
          25.806358
        ]
      },
      {
        "date": "2025-08-15",
        "close": 25.697738,
        "volume": 37678,
        "typical_volume": 42600.4,
        "trend": 25.794345,
        "fair_value": 22.23066,
        "relative_strength": -10.173932,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 20.473164,
        "energy": 16.343467,
        "activity_lines": [
          25.882824,
          26.095129,
          26.00662,
          25.798216
        ]
      },
      {
        "date": "2025-08-22",
        "close": 26.258392,
        "volume": 29493,
        "typical_volume": 41789.65,
        "trend": 25.763851,
        "fair_value": 22.273698,
        "relative_strength": -8.347703,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 29.23527,
        "energy": 22.109707,
        "activity_lines": [
          25.956605,
          26.11022,
          26.067211,
          25.828154
        ]
      },
      {
        "date": "2025-08-29",
        "close": 25.943986,
        "volume": 18430,
        "typical_volume": 39749.75,
        "trend": 25.717976,
        "fair_value": 22.319247,
        "relative_strength": -9.248846,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 15.173598,
        "energy": 13.473979,
        "activity_lines": [
          25.928369,
          26.063065,
          26.082417,
          25.839776
        ]
      },
      {
        "date": "2025-09-05",
        "close": 26.093894,
        "volume": 35656,
        "typical_volume": 40496.65,
        "trend": 25.679293,
        "fair_value": 22.360398,
        "relative_strength": -8.850394,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 16.430669,
        "energy": 9.174275,
        "activity_lines": [
          26.006015,
          26.04353,
          26.102413,
          25.864029
        ]
      },
      {
        "date": "2025-09-12",
        "close": 25.605895,
        "volume": 51122,
        "typical_volume": 41161.2,
        "trend": 25.628381,
        "fair_value": 22.404835,
        "relative_strength": -11.725605,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 4.70876,
        "energy": 4.713945,
        "activity_lines": [
          25.896769,
          25.943216,
          26.06632,
          25.859293
        ]
      },
      {
        "date": "2025-09-19",
        "close": 25.202644,
        "volume": 27382,
        "typical_volume": 41169.0,
        "trend": 25.596254,
        "fair_value": 22.452776,
        "relative_strength": -13.935668,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": -8.610666,
        "energy": 18.997303,
        "activity_lines": [
          25.657656,
          25.793296,
          25.986382,
          25.831827
        ]
      },
      {
        "date": "2025-09-26",
        "close": 24.788499,
        "volume": 54779,
        "typical_volume": 42639.9,
        "trend": 25.5481,
        "fair_value": 22.498741,
        "relative_strength": -14.850279,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -35.52469,
        "energy": 49.879511,
        "activity_lines": [
          25.313502,
          25.585931,
          25.867381,
          25.779713
        ]
      },
      {
        "date": "2025-10-03",
        "close": 24.846064,
        "volume": 56159,
        "typical_volume": 38968.0,
        "trend": 25.526017,
        "fair_value": 22.544036,
        "relative_strength": -15.328508,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.219573,
        "energy": 56.58285,
        "activity_lines": [
          25.086529,
          25.416517,
          25.756272,
          25.734421
        ]
      },
      {
        "date": "2025-10-10",
        "close": 24.177476,
        "volume": 59253,
        "typical_volume": 39926.35,
        "trend": 25.50584,
        "fair_value": 22.589739,
        "relative_strength": -15.266359,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -56.11515,
        "energy": 73.868873,
        "activity_lines": [
          24.709888,
          25.160753,
          25.58919,
          25.647418
        ]
      },
      {
        "date": "2025-10-17",
        "close": 24.26942,
        "volume": 61315,
        "typical_volume": 41467.3,
        "trend": 25.482608,
        "fair_value": 22.633486,
        "relative_strength": -16.074267,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -48.598478,
        "energy": 73.489284,
        "activity_lines": [
          24.491656,
          24.949943,
          25.438123,
          25.567649
        ]
      },
      {
        "date": "2025-10-24",
        "close": 24.924815,
        "volume": 54369,
        "typical_volume": 42819.35,
        "trend": 25.485166,
        "fair_value": 22.676254,
        "relative_strength": -15.113531,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -37.362411,
        "energy": 62.544403,
        "activity_lines": [
          24.580987,
          24.883837,
          25.356924,
          25.531662
        ]
      },
      {
        "date": "2025-10-31",
        "close": 23.875563,
        "volume": 106914,
        "typical_volume": 44712.3,
        "trend": 25.513822,
        "fair_value": 22.717649,
        "relative_strength": -18.864466,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -80.711438,
        "energy": 80.592277,
        "activity_lines": [
          24.33909,
          24.64101,
          25.183811,
          25.427817
        ]
      },
      {
        "date": "2025-11-07",
        "close": 23.354584,
        "volume": 35358,
        "typical_volume": 45732.95,
        "trend": 25.493921,
        "fair_value": 22.745908,
        "relative_strength": -18.880589,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -83.689865,
        "energy": 77.655656,
        "activity_lines": [
          23.984396,
          24.346785,
          24.971097,
          25.288511
        ]
      },
      {
        "date": "2025-11-14",
        "close": 23.365578,
        "volume": 55590,
        "typical_volume": 46459.95,
        "trend": 25.470262,
        "fair_value": 22.778463,
        "relative_strength": -18.510112,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.639179,
        "energy": 76.418779,
        "activity_lines": [
          23.732798,
          24.101638,
          24.771855,
          25.151199
        ]
      },
      {
        "date": "2025-11-21",
        "close": 22.981914,
        "volume": 80183,
        "typical_volume": 45805.55,
        "trend": 25.420882,
        "fair_value": 22.805164,
        "relative_strength": -17.796406,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.153943,
        "energy": 87.805172,
        "activity_lines": [
          23.407438,
          23.83634,
          24.551148,
          24.99066
        ]
      },
      {
        "date": "2025-11-28",
        "close": 23.643406,
        "volume": 48462,
        "typical_volume": 47033.05,
        "trend": 25.366249,
        "fair_value": 22.834485,
        "relative_strength": -17.937043,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.912583,
        "energy": 73.087433,
        "activity_lines": [
          23.38841,
          23.739022,
          24.412146,
          24.875984
        ]
      },
      {
        "date": "2025-12-05",
        "close": 23.869966,
        "volume": 44074,
        "typical_volume": 47541.0,
        "trend": 25.318769,
        "fair_value": 22.870152,
        "relative_strength": -16.979757,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.909107,
        "energy": 54.825255,
        "activity_lines": [
          23.530329,
          23.711246,
          24.306822,
          24.77945
        ]
      },
      {
        "date": "2025-12-12",
        "close": 23.923733,
        "volume": 71588,
        "typical_volume": 49560.1,
        "trend": 25.234104,
        "fair_value": 22.908721,
        "relative_strength": -15.910141,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.311296,
        "energy": 45.158206,
        "activity_lines": [
          23.690544,
          23.709947,
          24.218191,
          24.689448
        ]
      },
      {
        "date": "2025-12-19",
        "close": 23.88,
        "volume": 67652,
        "typical_volume": 50690.05,
        "trend": 25.17338,
        "fair_value": 22.94684,
        "relative_strength": -15.793483,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -43.211924,
        "energy": 30.861124,
        "activity_lines": [
          23.798237,
          23.717466,
          24.139009,
          24.602086
        ]
      },
      {
        "date": "2025-12-26",
        "close": 24.0461,
        "volume": 47284,
        "typical_volume": 52137.05,
        "trend": 25.113795,
        "fair_value": 22.98579,
        "relative_strength": -16.037513,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -38.532324,
        "energy": 24.230729,
        "activity_lines": [
          23.927002,
          23.760593,
          24.084458,
          24.529358
        ]
      },
      {
        "date": "2026-01-02",
        "close": 23.2857,
        "volume": 106824,
        "typical_volume": 55594.35,
        "trend": 25.003052,
        "fair_value": 23.017516,
        "relative_strength": -17.448984,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.760828,
        "energy": 32.983463,
        "activity_lines": [
          23.731355,
          23.669527,
          23.96524,
          24.411417
        ]
      },
      {
        "date": "2026-01-09",
        "close": 24.27,
        "volume": 64831,
        "typical_volume": 57361.25,
        "trend": 24.946087,
        "fair_value": 23.050291,
        "relative_strength": -14.944042,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.824931,
        "energy": 22.76737,
        "activity_lines": [
          23.887656,
          23.787226,
          23.951252,
          24.364123
        ]
      },
      {
        "date": "2026-01-16",
        "close": 23.8721,
        "volume": 52044,
        "typical_volume": 59041.95,
        "trend": 24.876357,
        "fair_value": 23.080593,
        "relative_strength": -15.632797,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.635322,
        "energy": 21.470715,
        "activity_lines": [
          23.884653,
          23.825408,
          23.908836,
          24.294834
        ]
      },
      {
        "date": "2026-01-23",
        "close": 23.7515,
        "volume": 42533,
        "typical_volume": 59385.8,
        "trend": 24.783707,
        "fair_value": 23.108469,
        "relative_strength": -15.334927,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.778467,
        "energy": 24.048871,
        "activity_lines": [
          23.844893,
          23.832254,
          23.864801,
          24.222262
        ]
      },
      {
        "date": "2026-01-30",
        "close": 22.64,
        "volume": 51800,
        "typical_volume": 59419.7,
        "trend": 24.64137,
        "fair_value": 23.124249,
        "relative_strength": -19.111736,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.153438,
        "energy": 41.904821,
        "activity_lines": [
          23.4432,
          23.629992,
          23.726063,
          24.083959
        ]
      },
      {
        "date": "2026-02-06",
        "close": 22.12,
        "volume": 82757,
        "typical_volume": 62188.45,
        "trend": 24.505882,
        "fair_value": 23.141276,
        "relative_strength": -20.289559,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -82.784173,
        "energy": 75.181084,
        "activity_lines": [
          22.961913,
          23.339401,
          23.551925,
          23.92129
        ]
      },
      {
        "date": "2026-02-13",
        "close": 22.1384,
        "volume": 50299,
        "typical_volume": 61964.45,
        "trend": 24.367157,
        "fair_value": 23.157683,
        "relative_strength": -18.696943,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.564078,
        "energy": 81.686613,
        "activity_lines": [
          22.564473,
          23.079853,
          23.394218,
          23.768549
        ]
      },
      {
        "date": "2026-02-20",
        "close": 22.14,
        "volume": 54917,
        "typical_volume": 61902.35,
        "trend": 24.212401,
        "fair_value": 23.177961,
        "relative_strength": -19.129083,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.972904,
        "energy": 83.862774,
        "activity_lines": [
          22.309673,
          22.85208,
          23.249283,
          23.624861
        ]
      },
      {
        "date": "2026-02-27",
        "close": 22.41,
        "volume": 80246,
        "typical_volume": 62952.0,
        "trend": 24.101717,
        "fair_value": 23.196616,
        "relative_strength": -17.251523,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.556459,
        "energy": 77.844205,
        "activity_lines": [
          22.260347,
          22.705829,
          23.142949,
          23.508577
        ]
      },
      {
        "date": "2026-03-06",
        "close": 21.872,
        "volume": 55236,
        "typical_volume": 62648.05,
        "trend": 23.974979,
        "fair_value": 23.221493,
        "relative_strength": -17.107438,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.350299,
        "energy": 70.260471,
        "activity_lines": [
          22.12112,
          22.488487,
          22.993793,
          23.364725
        ]
      },
      {
        "date": "2026-03-13",
        "close": 20.7,
        "volume": 54105,
        "typical_volume": 62634.85,
        "trend": 23.808388,
        "fair_value": 23.238772,
        "relative_strength": -19.831705,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -87.66857,
        "energy": 77.269016,
        "activity_lines": [
          21.642427,
          22.097584,
          22.744434,
          23.153436
        ]
      },
      {
        "date": "2026-03-20",
        "close": 20.39,
        "volume": 55170,
        "typical_volume": 60047.65,
        "trend": 23.612775,
        "fair_value": 23.253421,
        "relative_strength": -19.05353,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -85.222449,
        "energy": 80.878597,
        "activity_lines": [
          21.155067,
          21.697329,
          22.485669,
          22.932894
        ]
      },
      {
        "date": "2026-03-27",
        "close": 19.66,
        "volume": 52218,
        "typical_volume": 60890.65,
        "trend": 23.403308,
        "fair_value": 23.257967,
        "relative_strength": -19.602946,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -86.835303,
        "energy": 91.374635,
        "activity_lines": [
          20.540933,
          21.234893,
          22.173979,
          22.677877
        ]
      },
      {
        "date": "2026-04-03",
        "close": 20.3438,
        "volume": 45536,
        "typical_volume": 60387.95,
        "trend": 23.211639,
        "fair_value": 23.269948,
        "relative_strength": -18.95604,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.307179,
        "energy": 85.406274,
        "activity_lines": [
          20.320067,
          20.973367,
          21.945006,
          22.480489
        ]
      },
      {
        "date": "2026-04-10",
        "close": 20.3175,
        "volume": 31613,
        "typical_volume": 57959.45,
        "trend": 23.035359,
        "fair_value": 23.279042,
        "relative_strength": -21.263681,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.978051,
        "energy": 81.09097,
        "activity_lines": [
          20.22818,
          20.769018,
          21.727917,
          22.29377
        ]
      },
      {
        "date": "2026-04-17",
        "close": 21.885,
        "volume": 60709,
        "typical_volume": 58571.8,
        "trend": 22.924771,
        "fair_value": 23.296583,
        "relative_strength": -18.213716,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.733165,
        "energy": 51.221773,
        "activity_lines": [
          20.762427,
          20.891896,
          21.672802,
          22.219554
        ]
      },
      {
        "date": "2026-04-24",
        "close": 21.26,
        "volume": 62086,
        "typical_volume": 59472.4,
        "trend": 22.807154,
        "fair_value": 23.309863,
        "relative_strength": -20.356146,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.398025,
        "energy": 33.143073,
        "activity_lines": [
          21.00934,
          20.905411,
          21.566536,
          22.112149
        ]
      },
      {
        "date": "2026-05-01",
        "close": 20.9203,
        "volume": 85779,
        "typical_volume": 60181.95,
        "trend": 22.676295,
        "fair_value": 23.321746,
        "relative_strength": -21.710521,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.948235,
        "energy": 26.407662,
        "activity_lines": [
          21.08502,
          20.873133,
          21.440346,
          21.990417
        ]
      },
      {
        "date": "2026-05-08",
        "close": 21.0429,
        "volume": 57651,
        "typical_volume": 59681.9,
        "trend": 22.571809,
        "fair_value": 23.335204,
        "relative_strength": -22.386904,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.578574,
        "energy": 23.07523,
        "activity_lines": [
          21.117547,
          20.885322,
          21.340135,
          21.885036
        ]
      },
      {
        "date": "2026-05-15",
        "close": 20.21,
        "volume": 72727,
        "typical_volume": 60954.05,
        "trend": 22.436495,
        "fair_value": 23.34209,
        "relative_strength": -24.919706,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.231619,
        "energy": 34.986176,
        "activity_lines": [
          20.825833,
          20.770931,
          21.17411,
          21.732662
        ]
      },
      {
        "date": "2026-05-22",
        "close": 20.8592,
        "volume": 57395,
        "typical_volume": 58482.6,
        "trend": 22.300975,
        "fair_value": 23.355233,
        "relative_strength": -22.487928,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.2137,
        "energy": 33.904563,
        "activity_lines": [
          20.757687,
          20.804795,
          21.08818,
          21.630901
        ]
      },
      {
        "date": "2026-05-29",
        "close": 21.4394,
        "volume": 44805,
        "typical_volume": 57481.3,
        "trend": 22.219769,
        "fair_value": 23.369737,
        "relative_strength": -20.7986,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -37.487225,
        "energy": 24.75739,
        "activity_lines": [
          20.951327,
          20.941255,
          21.069062,
          21.575315
        ]
      },
      {
        "date": "2026-06-05",
        "close": 21.2497,
        "volume": 69846,
        "typical_volume": 58371.4,
        "trend": 22.149607,
        "fair_value": 23.381953,
        "relative_strength": -18.781476,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.212131,
        "energy": 20.204012,
        "activity_lines": [
          21.069773,
          21.024144,
          21.045357,
          21.51273
        ]
      },
      {
        "date": "2026-06-12",
        "close": 21.3,
        "volume": 71561,
        "typical_volume": 59822.8,
        "trend": 22.080754,
        "fair_value": 23.391692,
        "relative_strength": -18.373193,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -20.421966,
        "energy": 12.884546,
        "activity_lines": [
          21.183027,
          21.087275,
          21.03893,
          21.457917
        ]
      },
      {
        "date": "2026-06-19",
        "close": 20.94,
        "volume": 45298,
        "typical_volume": 59497.7,
        "trend": 22.01269,
        "fair_value": 23.402117,
        "relative_strength": -19.786201,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -22.66572,
        "energy": 13.873181,
        "activity_lines": [
          21.15914,
          21.067565,
          21.009891,
          21.38432
        ]
      },
      {
        "date": "2026-06-26",
        "close": 21.6052,
        "volume": 54350,
        "typical_volume": 58077.35,
        "trend": 21.94475,
        "fair_value": 23.41164,
        "relative_strength": -14.565604,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -10.172485,
        "energy": 8.944254,
        "activity_lines": [
          21.30832,
          21.157484,
          21.0523,
          21.35803
        ]
      },
      {
        "date": "2026-07-03",
        "close": 22.3294,
        "volume": 38045,
        "typical_volume": 57464.65,
        "trend": 21.893398,
        "fair_value": 23.427246,
        "relative_strength": -12.920866,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 5.434321,
        "energy": 13.0411,
        "activity_lines": [
          21.649167,
          21.384162,
          21.166131,
          21.382846
        ]
      },
      {
        "date": "2026-07-10",
        "close": 21.82,
        "volume": 50936,
        "typical_volume": 57265.6,
        "trend": 21.823273,
        "fair_value": 23.435754,
        "relative_strength": -15.413527,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -4.794154,
        "energy": 17.862615,
        "activity_lines": [
          21.76088,
          21.498778,
          21.230539,
          21.378111
        ]
      },
      {
        "date": "2026-07-17",
        "close": 21.74,
        "volume": 35889,
        "typical_volume": 55047.75,
        "trend": 21.75194,
        "fair_value": 23.443269,
        "relative_strength": -13.764738,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 14.392165,
        "energy": 28.043825,
        "activity_lines": [
          21.807907,
          21.582491,
          21.288851,
          21.372738
        ]
      },
      {
        "date": "2026-07-24",
        "close": 21.15,
        "volume": 40159,
        "typical_volume": 54293.9,
        "trend": 21.655403,
        "fair_value": 23.445363,
        "relative_strength": -14.940615,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -11.693071,
        "energy": 17.276249,
        "activity_lines": [
          21.628933,
          21.546256,
          21.294163,
          21.333903
        ]
      },
      {
        "date": "2026-07-31",
        "close": 22.0852,
        "volume": 32496,
        "typical_volume": 53213.45,
        "trend": 21.615387,
        "fair_value": 23.456883,
        "relative_strength": -11.521668,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 29.521201,
        "energy": 18.535915,
        "activity_lines": [
          21.747693,
          21.662967,
          21.39198,
          21.361632
        ]
      },
      {
        "date": "2026-08-07",
        "close": 23.0049,
        "volume": 39225,
        "typical_volume": 52416.2,
        "trend": 21.573217,
        "fair_value": 23.472351,
        "relative_strength": -10.396767,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 44.733247,
        "energy": 39.821304,
        "activity_lines": [
          22.14102,
          21.924605,
          21.570792,
          21.451278
        ]
      }
    ],
    "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."
    }
  }
}