{
  "ticker": {
    "uuid": "f0c07365-78b8-455b-a46e-87c6ecea5e1f",
    "symbol": "SOBHA",
    "name": "Sobha Limited",
    "exchange": "NSI",
    "country": "IN",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^NSEI",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "mixed",
    "architecture_direction": -15.323,
    "architecture_energy": 14.682,
    "architecture_maturity": 21.17,
    "architecture_confidence": 75.129,
    "architecture_tenure": "New",
    "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": 51.08,
        "rotation_up": 24.09,
        "upward_expansion": 24.77,
        "deceleration": 62.93,
        "rotation_down": 51.34,
        "downward_expansion": 33.77
      },
      "activity_lines": [
        1380.4,
        1399.37124,
        1394.219992,
        1384.128556
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 1339.0,
    "trend_reference": 1389.154936,
    "distance_from_trend": -0.036105,
    "trend_direction": "Weakening",
    "fair_value": 1418.961209,
    "distance_from_fair_value": -0.056352,
    "fair_value_direction": "Weakening",
    "relative_strength": -6.59387,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.11588,
    "excess_performance": -0.072171,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.036105,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.031547,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.056352,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.113316,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.065939,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.065106,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.11588,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.486992,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 414108,
      "relative_activity": 0.507748,
      "balance": 0.486992,
      "dry_up": 1.624109,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.060628,
      "annualized_volatility": 0.319982,
      "from_high_reference": -0.226905,
      "from_low_reference": 0.184956
    },
    "levels": {
      "trend_reference": 1389.154936,
      "fair_value_reference": 1418.961209,
      "structural_low": 1130.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 12,
        "median_return": 0.030448,
        "positive_rate": 0.583333,
        "directional_follow_through": 0.583333,
        "median_excess_return": 0.017567,
        "regime_survival": 0.416667,
        "best_return": 0.114915,
        "worst_return": -0.212549,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.014562,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.040686,
        "regime_survival": 0.0,
        "best_return": 0.544167,
        "worst_return": -0.282755,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.030766,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.037337,
        "regime_survival": 0.166667,
        "best_return": 0.941879,
        "worst_return": -0.377525,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.22164,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.187809,
        "regime_survival": 0.0,
        "best_return": 2.925534,
        "worst_return": -0.214635,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-07-26",
        "end": "2024-08-30",
        "tenure": "Developing",
        "return": -0.061015,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-09-06",
        "end": "2024-09-20",
        "tenure": "New",
        "return": 0.162266,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-27",
        "end": "2024-10-25",
        "tenure": "Developing",
        "return": -0.212549,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-01",
        "end": "2025-05-16",
        "tenure": "Extended",
        "return": -0.142429,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-05-30",
        "tenure": "New",
        "return": 0.042637,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-06-06",
        "end": "2025-07-04",
        "tenure": "Developing",
        "return": -0.095201,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-11",
        "end": "2025-08-22",
        "tenure": "Developing",
        "return": -0.014201,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-29",
        "end": "2025-11-07",
        "tenure": "Developing",
        "return": 0.18965,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-11-14",
        "end": "2025-12-05",
        "tenure": "New",
        "return": -0.022875,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-12",
        "end": "2026-03-06",
        "tenure": "Established",
        "return": -0.063811,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-13",
        "end": "2026-05-15",
        "tenure": "Developing",
        "return": 0.079496,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-22",
        "end": "2026-07-10",
        "tenure": "Developing",
        "return": 0.097611,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-07-17",
        "end": "2026-07-31",
        "tenure": "New",
        "return": -0.061423,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 577.825012,
        "volume": 1506935,
        "typical_volume": 3889458.1,
        "trend": 529.745134,
        "fair_value": 571.414736,
        "relative_strength": -5.213524,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.745065,
        "energy": 57.029141,
        "activity_lines": [
          582.383407,
          573.692275,
          551.116484,
          535.668773
        ]
      },
      {
        "date": "2023-08-25",
        "close": 586.344421,
        "volume": 1387191,
        "typical_volume": 3876294.45,
        "trend": 530.271639,
        "fair_value": 573.490321,
        "relative_strength": -3.016468,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.426039,
        "energy": 39.636773,
        "activity_lines": [
          583.398323,
          577.687802,
          556.96989,
          539.32034
        ]
      },
      {
        "date": "2023-09-01",
        "close": 608.016602,
        "volume": 1599762,
        "typical_volume": 3766697.75,
        "trend": 531.266002,
        "fair_value": 575.792932,
        "relative_strength": 0.21171,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.795309,
        "energy": 44.993402,
        "activity_lines": [
          589.549573,
          584.921812,
          564.222011,
          544.336144
        ]
      },
      {
        "date": "2023-09-08",
        "close": 679.709167,
        "volume": 9618708,
        "typical_volume": 3970647.95,
        "trend": 534.820368,
        "fair_value": 578.651391,
        "relative_strength": 10.290625,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 86.277867,
        "energy": 76.795517,
        "activity_lines": [
          620.737585,
          603.67294,
          577.502324,
          553.913122
        ]
      },
      {
        "date": "2023-09-15",
        "close": 671.040283,
        "volume": 6125693,
        "typical_volume": 4172460.05,
        "trend": 537.741966,
        "fair_value": 581.348245,
        "relative_strength": 7.234028,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.313143,
        "energy": 80.351505,
        "activity_lines": [
          643.240116,
          618.17257,
          588.856578,
          562.701504
        ]
      },
      {
        "date": "2023-09-22",
        "close": 646.777405,
        "volume": 1394026,
        "typical_volume": 4189929.85,
        "trend": 540.1672,
        "fair_value": 584.035878,
        "relative_strength": 6.448985,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.206651,
        "energy": 77.146914,
        "activity_lines": [
          650.636886,
          626.449887,
          596.870193,
          569.736048
        ]
      },
      {
        "date": "2023-09-29",
        "close": 703.125061,
        "volume": 4004308,
        "typical_volume": 4195047.55,
        "trend": 544.857469,
        "fair_value": 587.108941,
        "relative_strength": 16.054686,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.900037,
        "energy": 83.664661,
        "activity_lines": [
          672.219381,
          643.229239,
          609.369192,
          580.249459
        ]
      },
      {
        "date": "2023-10-06",
        "close": 710.349121,
        "volume": 7108833,
        "typical_volume": 4134572.75,
        "trend": 549.98689,
        "fair_value": 590.019703,
        "relative_strength": 17.273097,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.264618,
        "energy": 74.48186,
        "activity_lines": [
          688.42452,
          658.629392,
          621.548731,
          590.92634
        ]
      },
      {
        "date": "2023-10-13",
        "close": 759.771606,
        "volume": 8370096,
        "typical_volume": 4483148.1,
        "trend": 557.279431,
        "fair_value": 593.263323,
        "relative_strength": 24.682458,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.95685,
        "energy": 74.74166,
        "activity_lines": [
          714.281653,
          681.465563,
          637.499091,
          604.460837
        ]
      },
      {
        "date": "2023-10-20",
        "close": 737.651062,
        "volume": 2650118,
        "typical_volume": 3915539.15,
        "trend": 567.583407,
        "fair_value": 596.128217,
        "relative_strength": 22.191959,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.126293,
        "energy": 67.116292,
        "activity_lines": [
          727.427775,
          697.243448,
          650.117469,
          616.097717
        ]
      },
      {
        "date": "2023-10-27",
        "close": 703.523621,
        "volume": 1608105,
        "typical_volume": 3799801.3,
        "trend": 576.799388,
        "fair_value": 598.804551,
        "relative_strength": 19.402824,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.798216,
        "energy": 57.372372,
        "activity_lines": [
          724.757365,
          703.691202,
          658.662737,
          624.868053
        ]
      },
      {
        "date": "2023-11-03",
        "close": 764.803589,
        "volume": 2319446,
        "typical_volume": 3728921.35,
        "trend": 587.405137,
        "fair_value": 601.845702,
        "relative_strength": 28.143529,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.947321,
        "energy": 60.535533,
        "activity_lines": [
          738.73053,
          718.995339,
          672.215466,
          636.997357
        ]
      },
      {
        "date": "2023-11-10",
        "close": 820.254456,
        "volume": 6960484,
        "typical_volume": 3992664.2,
        "trend": 600.077432,
        "fair_value": 605.238847,
        "relative_strength": 35.283216,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.119596,
        "energy": 63.261856,
        "activity_lines": [
          767.075415,
          741.13674,
          690.015591,
          652.019893
        ]
      },
      {
        "date": "2023-11-17",
        "close": 872.018555,
        "volume": 3650546,
        "typical_volume": 4116998.45,
        "trend": 614.190898,
        "fair_value": 608.882005,
        "relative_strength": 40.674131,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.297671,
        "energy": 71.524803,
        "activity_lines": [
          805.347978,
          768.830925,
          711.337429,
          669.564482
        ]
      },
      {
        "date": "2023-11-24",
        "close": 892.843811,
        "volume": 1871796,
        "typical_volume": 3929298.8,
        "trend": 628.793579,
        "fair_value": 612.64859,
        "relative_strength": 42.540285,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 82.417425,
        "energy": 86.167643,
        "activity_lines": [
          843.079163,
          796.814986,
          733.026183,
          687.542089
        ]
      },
      {
        "date": "2023-12-01",
        "close": 945.903198,
        "volume": 2642991,
        "typical_volume": 3923243.25,
        "trend": 644.931846,
        "fair_value": 616.662793,
        "relative_strength": 46.340597,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.062794,
        "energy": 90.986428,
        "activity_lines": [
          888.150627,
          830.413417,
          758.237726,
          708.000774
        ]
      },
      {
        "date": "2023-12-08",
        "close": 1028.207764,
        "volume": 5072188,
        "typical_volume": 4113400.15,
        "trend": 662.820205,
        "fair_value": 621.237313,
        "relative_strength": 52.286761,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.532827,
        "energy": 95.113264,
        "activity_lines": [
          944.498307,
          873.537663,
          789.406893,
          732.728253
        ]
      },
      {
        "date": "2023-12-15",
        "close": 1016.200806,
        "volume": 4497463,
        "typical_volume": 3878719.15,
        "trend": 679.567831,
        "fair_value": 625.653372,
        "relative_strength": 45.785134,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.960701,
        "energy": 90.797282,
        "activity_lines": [
          979.28339,
          908.568232,
          817.179305,
          755.527001
        ]
      },
      {
        "date": "2023-12-22",
        "close": 1023.873291,
        "volume": 2237181,
        "typical_volume": 3875182.3,
        "trend": 696.948067,
        "fair_value": 630.084947,
        "relative_strength": 46.047104,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.850327,
        "energy": 84.910952,
        "activity_lines": [
          1003.562879,
          939.432858,
          843.82007,
          777.740257
        ]
      },
      {
        "date": "2023-12-29",
        "close": 982.173035,
        "volume": 1198786,
        "typical_volume": 3791232.8,
        "trend": 710.858944,
        "fair_value": 633.824443,
        "relative_strength": 36.545522,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.334274,
        "energy": 67.599158,
        "activity_lines": [
          1003.818632,
          957.913771,
          864.436516,
          796.141868
        ]
      },
      {
        "date": "2024-01-05",
        "close": 1264.658569,
        "volume": 23408229,
        "typical_volume": 4886297.5,
        "trend": 735.364522,
        "fair_value": 638.956266,
        "relative_strength": 73.389336,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 93.181234,
        "energy": 75.158902,
        "activity_lines": [
          1092.280949,
          1023.309836,
          909.973466,
          831.870876
        ]
      },
      {
        "date": "2024-01-12",
        "close": 1343.625,
        "volume": 4965422,
        "typical_volume": 5065209.05,
        "trend": 761.894049,
        "fair_value": 644.532929,
        "relative_strength": 79.731395,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 92.267659,
        "energy": 77.229886,
        "activity_lines": [
          1185.815051,
          1092.86098,
          959.760392,
          871.113487
        ]
      },
      {
        "date": "2024-01-19",
        "close": 1447.153198,
        "volume": 4792418,
        "typical_volume": 5224841.85,
        "trend": 792.648073,
        "fair_value": 650.793372,
        "relative_strength": 92.44297,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.178766,
        "energy": 84.34178,
        "activity_lines": [
          1292.830737,
          1170.711407,
          1015.801049,
          915.323755
        ]
      },
      {
        "date": "2024-01-26",
        "close": 1376.606567,
        "volume": 1740934,
        "typical_volume": 4830953.15,
        "trend": 820.782774,
        "fair_value": 656.718326,
        "relative_strength": 82.145646,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.019318,
        "energy": 82.654838,
        "activity_lines": [
          1347.60072,
          1224.337015,
          1061.127091,
          952.998496
        ]
      },
      {
        "date": "2024-02-02",
        "close": 1409.339111,
        "volume": 1288705,
        "typical_volume": 4589103.75,
        "trend": 848.712681,
        "fair_value": 662.86506,
        "relative_strength": 79.07622,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.298257,
        "energy": 81.042848,
        "activity_lines": [
          1389.765999,
          1274.739667,
          1106.251959,
          990.969873
        ]
      },
      {
        "date": "2024-02-09",
        "close": 1413.075684,
        "volume": 1578666,
        "typical_volume": 4598335.75,
        "trend": 877.451444,
        "fair_value": 669.109058,
        "relative_strength": 77.039837,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.21745,
        "energy": 67.66349,
        "activity_lines": [
          1404.699064,
          1316.430873,
          1148.216982,
          1027.380389
        ]
      },
      {
        "date": "2024-02-16",
        "close": 1437.737061,
        "volume": 2080965,
        "typical_volume": 4502168.6,
        "trend": 906.875063,
        "fair_value": 675.468351,
        "relative_strength": 75.014111,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.798715,
        "energy": 65.816232,
        "activity_lines": [
          1417.958114,
          1354.11192,
          1188.881668,
          1063.527848
        ]
      },
      {
        "date": "2024-02-23",
        "close": 1454.975098,
        "volume": 1419133,
        "typical_volume": 4217683.6,
        "trend": 934.537392,
        "fair_value": 682.030335,
        "relative_strength": 72.830718,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.37769,
        "energy": 62.039042,
        "activity_lines": [
          1430.689038,
          1387.481168,
          1227.68992,
          1098.889141
        ]
      },
      {
        "date": "2024-03-01",
        "close": 1592.282104,
        "volume": 2624760,
        "typical_volume": 3930416.8,
        "trend": 967.854417,
        "fair_value": 689.333104,
        "relative_strength": 84.395275,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 80.186758,
        "energy": 65.122477,
        "activity_lines": [
          1488.667505,
          1437.837612,
          1276.029191,
          1141.324284
        ]
      },
      {
        "date": "2024-03-08",
        "close": 1510.924194,
        "volume": 940025,
        "typical_volume": 3844912.15,
        "trend": 999.359615,
        "fair_value": 696.193009,
        "relative_strength": 70.777582,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.920277,
        "energy": 58.463849,
        "activity_lines": [
          1505.148299,
          1463.067003,
          1312.655754,
          1176.361043
        ]
      },
      {
        "date": "2024-03-15",
        "close": 1239.00061,
        "volume": 1682631,
        "typical_volume": 3848638.45,
        "trend": 1021.398802,
        "fair_value": 701.308556,
        "relative_strength": 41.331024,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 51.141297,
        "energy": 41.341291,
        "activity_lines": [
          1424.21556,
          1429.242085,
          1319.702581,
          1191.821753
        ]
      },
      {
        "date": "2024-03-22",
        "close": 1471.764893,
        "volume": 2924096,
        "typical_volume": 3878870.95,
        "trend": 1050.912817,
        "fair_value": 707.94859,
        "relative_strength": 64.04998,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 52.929734,
        "energy": 38.099321,
        "activity_lines": [
          1432.47592,
          1438.204454,
          1346.367543,
          1220.87763
        ]
      },
      {
        "date": "2024-03-29",
        "close": 1443.56604,
        "volume": 1123751,
        "typical_volume": 3587034.3,
        "trend": 1078.764465,
        "fair_value": 714.398109,
        "relative_strength": 56.283003,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.790135,
        "energy": 29.24775,
        "activity_lines": [
          1429.06814,
          1439.709943,
          1366.980418,
          1246.210096
        ]
      },
      {
        "date": "2024-04-05",
        "close": 1549.435913,
        "volume": 1512819,
        "typical_volume": 3480147.95,
        "trend": 1107.755357,
        "fair_value": 721.060921,
        "relative_strength": 63.05998,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 65.312914,
        "energy": 36.557439,
        "activity_lines": [
          1461.710921,
          1460.529721,
          1394.707988,
          1276.575995
        ]
      },
      {
        "date": "2024-04-12",
        "close": 1595.570313,
        "volume": 1670611,
        "typical_volume": 3470088.7,
        "trend": 1138.573025,
        "fair_value": 728.116062,
        "relative_strength": 64.413995,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 68.976954,
        "energy": 46.510062,
        "activity_lines": [
          1512.588249,
          1486.595219,
          1423.603514,
          1308.047928
        ]
      },
      {
        "date": "2024-04-19",
        "close": 1572.652588,
        "volume": 584234,
        "typical_volume": 3367150.85,
        "trend": 1169.435531,
        "fair_value": 735.003843,
        "relative_strength": 61.494367,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.413055,
        "energy": 53.476625,
        "activity_lines": [
          1550.18326,
          1505.107837,
          1446.970082,
          1336.053061
        ]
      },
      {
        "date": "2024-04-26",
        "close": 1746.279175,
        "volume": 2032594,
        "typical_volume": 3215171.15,
        "trend": 1204.207334,
        "fair_value": 743.138968,
        "relative_strength": 73.148723,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.374555,
        "energy": 73.65549,
        "activity_lines": [
          1623.410335,
          1552.287527,
          1483.887994,
          1373.26878
        ]
      },
      {
        "date": "2024-05-03",
        "close": 1849.359009,
        "volume": 1103784,
        "typical_volume": 3045487.2,
        "trend": 1242.174331,
        "fair_value": 752.058202,
        "relative_strength": 78.582556,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.302437,
        "energy": 79.405589,
        "activity_lines": [
          1712.696403,
          1612.599148,
          1527.203646,
          1414.891469
        ]
      },
      {
        "date": "2024-05-10",
        "close": 1690.87793,
        "volume": 1382046,
        "typical_volume": 3002730.45,
        "trend": 1273.211208,
        "fair_value": 760.093682,
        "relative_strength": 63.003161,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.184158,
        "energy": 65.598872,
        "activity_lines": [
          1722.10258,
          1636.925411,
          1551.458442,
          1443.840088
        ]
      },
      {
        "date": "2024-05-17",
        "close": 1855.885498,
        "volume": 1445865,
        "typical_volume": 3015084.4,
        "trend": 1310.485689,
        "fair_value": 769.143482,
        "relative_strength": 71.817304,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.987974,
        "energy": 67.578387,
        "activity_lines": [
          1777.081812,
          1689.460398,
          1588.252032,
          1481.431978
        ]
      },
      {
        "date": "2024-05-24",
        "close": 1939.68457,
        "volume": 1454386,
        "typical_volume": 1917392.25,
        "trend": 1351.691054,
        "fair_value": 778.588551,
        "relative_strength": 71.795232,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.696548,
        "energy": 63.275895,
        "activity_lines": [
          1842.639722,
          1750.959557,
          1628.865951,
          1522.025454
        ]
      },
      {
        "date": "2024-05-31",
        "close": 1893.002319,
        "volume": 1128103,
        "typical_volume": 1725526.3,
        "trend": 1389.297679,
        "fair_value": 787.516956,
        "relative_strength": 67.330444,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.875844,
        "energy": 53.055905,
        "activity_lines": [
          1868.168083,
          1791.231325,
          1661.819531,
          1556.948761
        ]
      },
      {
        "date": "2024-06-07",
        "close": 2078.535889,
        "volume": 1671344,
        "typical_volume": 1569472.6,
        "trend": 1431.240393,
        "fair_value": 797.647264,
        "relative_strength": 73.699793,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.876601,
        "energy": 57.296452,
        "activity_lines": [
          1945.759424,
          1857.577608,
          1709.826892,
          1601.415743
        ]
      },
      {
        "date": "2024-06-14",
        "close": 2115.392822,
        "volume": 1396683,
        "typical_volume": 1552260.05,
        "trend": 1472.686202,
        "fair_value": 808.065436,
        "relative_strength": 71.538121,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.956569,
        "energy": 64.809889,
        "activity_lines": [
          2020.357951,
          1919.080245,
          1758.337853,
          1645.554609
        ]
      },
      {
        "date": "2024-06-21",
        "close": 2051.532715,
        "volume": 809207,
        "typical_volume": 1528285.15,
        "trend": 1511.309165,
        "fair_value": 818.316839,
        "relative_strength": 62.586645,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.463645,
        "energy": 60.754658,
        "activity_lines": [
          2045.368783,
          1958.681827,
          1797.24887,
          1682.899545
        ]
      },
      {
        "date": "2024-06-28",
        "close": 1949.648804,
        "volume": 997428,
        "typical_volume": 1499223.25,
        "trend": 1544.767352,
        "fair_value": 827.889654,
        "relative_strength": 48.392839,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.14749,
        "energy": 51.671831,
        "activity_lines": [
          2023.375163,
          1971.468837,
          1823.398592,
          1711.179522
        ]
      },
      {
        "date": "2024-07-05",
        "close": 2013.967773,
        "volume": 1204619,
        "typical_volume": 1455405.95,
        "trend": 1577.626019,
        "fair_value": 837.30023,
        "relative_strength": 48.535091,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.526661,
        "energy": 45.450145,
        "activity_lines": [
          2022.156917,
          1989.095727,
          1853.11882,
          1741.450517
        ]
      },
      {
        "date": "2024-07-12",
        "close": 1944.865967,
        "volume": 373147,
        "typical_volume": 1403106.65,
        "trend": 1608.581525,
        "fair_value": 845.624713,
        "relative_strength": 39.922555,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.440218,
        "energy": 36.130105,
        "activity_lines": [
          1989.840373,
          1989.291588,
          1873.513968,
          1765.143417
        ]
      },
      {
        "date": "2024-07-19",
        "close": 1840.291504,
        "volume": 542724,
        "typical_volume": 1299004.85,
        "trend": 1635.795465,
        "fair_value": 853.616144,
        "relative_strength": 30.173758,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 38.9268,
        "energy": 23.196951,
        "activity_lines": [
          1931.577002,
          1968.73742,
          1881.61683,
          1780.092448
        ]
      },
      {
        "date": "2024-07-26",
        "close": 1796.003906,
        "volume": 2403657,
        "typical_volume": 1372186.45,
        "trend": 1662.923161,
        "fair_value": 861.35461,
        "relative_strength": 23.812967,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.883457,
        "energy": 18.405883,
        "activity_lines": [
          1876.891186,
          1937.414351,
          1884.320828,
          1790.428476
        ]
      },
      {
        "date": "2024-08-02",
        "close": 1728.287476,
        "volume": 1279359,
        "typical_volume": 1352022.85,
        "trend": 1678.377458,
        "fair_value": 868.53176,
        "relative_strength": 18.17069,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 16.642882,
        "energy": 17.031482,
        "activity_lines": [
          1816.668482,
          1894.86796,
          1879.21812,
          1794.645529
        ]
      },
      {
        "date": "2024-08-09",
        "close": 1705.033447,
        "volume": 1715131,
        "typical_volume": 1291574.6,
        "trend": 1690.424406,
        "fair_value": 875.644037,
        "relative_strength": 16.706646,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 1.783415,
        "energy": 15.645589,
        "activity_lines": [
          1763.451855,
          1851.937147,
          1869.570805,
          1796.36527
        ]
      },
      {
        "date": "2024-08-16",
        "close": 1715.113525,
        "volume": 765692,
        "typical_volume": 1273671.65,
        "trend": 1699.356417,
        "fair_value": 882.933607,
        "relative_strength": 15.090634,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 1.319609,
        "energy": 17.918018,
        "activity_lines": [
          1734.190877,
          1814.256692,
          1859.772695,
          1797.958116
        ]
      },
      {
        "date": "2024-08-23",
        "close": 1684.623657,
        "volume": 495322,
        "typical_volume": 1222796.8,
        "trend": 1709.623653,
        "fair_value": 889.933726,
        "relative_strength": 10.451132,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": -3.491925,
        "energy": 23.737799,
        "activity_lines": [
          1710.083439,
          1777.640303,
          1845.777704,
          1797.007616
        ]
      },
      {
        "date": "2024-08-30",
        "close": 1686.420166,
        "volume": 942577,
        "typical_volume": 1186395.1,
        "trend": 1718.859688,
        "fair_value": 895.873342,
        "relative_strength": 7.563941,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -22.147736,
        "energy": 38.593876,
        "activity_lines": [
          1696.952694,
          1749.182719,
          1831.310059,
          1795.510617
        ]
      },
      {
        "date": "2024-09-06",
        "close": 1706.780029,
        "volume": 794296,
        "typical_volume": 1196898.2,
        "trend": 1728.649833,
        "fair_value": 901.897576,
        "relative_strength": 9.379404,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -22.018895,
        "energy": 40.55031,
        "activity_lines": [
          1697.914152,
          1731.065339,
          1818.348829,
          1794.731284
        ]
      },
      {
        "date": "2024-09-13",
        "close": 1770.404419,
        "volume": 1237067,
        "typical_volume": 1157121.85,
        "trend": 1739.738745,
        "fair_value": 908.553115,
        "relative_strength": 9.96777,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -17.742484,
        "energy": 20.610213,
        "activity_lines": [
          1721.51757,
          1728.931825,
          1810.808363,
          1797.425128
        ]
      },
      {
        "date": "2024-09-20",
        "close": 1983.733154,
        "volume": 1848215,
        "typical_volume": 1194343.4,
        "trend": 1757.364014,
        "fair_value": 916.214692,
        "relative_strength": 19.548235,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "up",
        "direction": 44.15842,
        "energy": 23.006551,
        "activity_lines": [
          1811.872501,
          1770.013778,
          1823.470038,
          1813.166703
        ]
      },
      {
        "date": "2024-09-27",
        "close": 1963.672852,
        "volume": 1048674,
        "typical_volume": 1177674.8,
        "trend": 1769.743705,
        "fair_value": 923.87428,
        "relative_strength": 15.235011,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 47.62187,
        "energy": 33.464324,
        "activity_lines": [
          1877.63269,
          1806.741728,
          1833.581331,
          1826.47695
        ]
      },
      {
        "date": "2024-10-04",
        "close": 1787.320923,
        "volume": 709573,
        "typical_volume": 1140860.2,
        "trend": 1778.95693,
        "fair_value": 929.927693,
        "relative_strength": 8.635006,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 22.151494,
        "energy": 24.548914,
        "activity_lines": [
          1866.005623,
          1809.162393,
          1825.598178,
          1827.610965
        ]
      },
      {
        "date": "2024-10-11",
        "close": 1705.732056,
        "volume": 1244113,
        "typical_volume": 1130346.55,
        "trend": 1794.514644,
        "fair_value": 935.628383,
        "relative_strength": 2.985937,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 7.482206,
        "energy": 13.772457,
        "activity_lines": [
          1820.45555,
          1796.906592,
          1810.171155,
          1822.886779
        ]
      },
      {
        "date": "2024-10-18",
        "close": 1736.421387,
        "volume": 776460,
        "typical_volume": 1112764.4,
        "trend": 1803.336528,
        "fair_value": 941.823952,
        "relative_strength": 4.332366,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -21.688298,
        "energy": 11.0019,
        "activity_lines": [
          1785.205119,
          1790.640767,
          1798.780986,
          1819.138827
        ]
      },
      {
        "date": "2024-10-25",
        "close": 1546.296875,
        "volume": 764031,
        "typical_volume": 1067398.75,
        "trend": 1806.760889,
        "fair_value": 946.861861,
        "relative_strength": -5.239493,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -73.056174,
        "energy": 58.828841,
        "activity_lines": [
          1688.845386,
          1749.23616,
          1770.029343,
          1802.555624
        ]
      },
      {
        "date": "2024-11-01",
        "close": 1597.296143,
        "volume": 1249113,
        "typical_volume": 1060020.25,
        "trend": 1808.35623,
        "fair_value": 951.083454,
        "relative_strength": -3.326651,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.104321,
        "energy": 68.045212,
        "activity_lines": [
          1638.647827,
          1720.17354,
          1748.669245,
          1789.041769
        ]
      },
      {
        "date": "2024-11-08",
        "close": 1588.51355,
        "volume": 862934,
        "typical_volume": 1062706.6,
        "trend": 1808.121004,
        "fair_value": 955.598492,
        "relative_strength": -3.87703,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.218176,
        "energy": 72.513354,
        "activity_lines": [
          1609.947852,
          1691.101858,
          1728.939836,
          1774.85837
        ]
      },
      {
        "date": "2024-11-15",
        "close": 1531.0271,
        "volume": 474662,
        "typical_volume": 1036568.3,
        "trend": 1806.733488,
        "fair_value": 959.875429,
        "relative_strength": -5.486664,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.549374,
        "energy": 75.120067,
        "activity_lines": [
          1575.339551,
          1653.358214,
          1705.940381,
          1756.981344
        ]
      },
      {
        "date": "2024-11-22",
        "close": 1626.089355,
        "volume": 1598105,
        "typical_volume": 1056242.6,
        "trend": 1802.727161,
        "fair_value": 965.067172,
        "relative_strength": -1.819374,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.242236,
        "energy": 56.787286,
        "activity_lines": [
          1584.065666,
          1636.094125,
          1693.98791,
          1745.326884
        ]
      },
      {
        "date": "2024-11-29",
        "close": 1665.760986,
        "volume": 861623,
        "typical_volume": 1080666.4,
        "trend": 1796.607227,
        "fair_value": 970.511321,
        "relative_strength": -0.971703,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -55.593832,
        "energy": 37.354855,
        "activity_lines": [
          1613.371126,
          1628.66697,
          1687.660731,
          1736.490357
        ]
      },
      {
        "date": "2024-12-06",
        "close": 1651.089966,
        "volume": 602364,
        "typical_volume": 1083648.4,
        "trend": 1795.280961,
        "fair_value": 975.39394,
        "relative_strength": -4.489314,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -42.507012,
        "energy": 27.924952,
        "activity_lines": [
          1629.821973,
          1624.353669,
          1681.265382,
          1727.102146
        ]
      },
      {
        "date": "2024-12-13",
        "close": 1580.728882,
        "volume": 923913,
        "typical_volume": 1009661.2,
        "trend": 1786.109074,
        "fair_value": 980.395244,
        "relative_strength": -9.303438,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -46.211283,
        "energy": 26.104242,
        "activity_lines": [
          1619.232869,
          1612.930768,
          1669.069938,
          1713.260077
        ]
      },
      {
        "date": "2024-12-20",
        "close": 1538.512329,
        "volume": 1655012,
        "typical_volume": 1028443.85,
        "trend": 1772.736666,
        "fair_value": 984.752764,
        "relative_strength": -7.741999,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.542564,
        "energy": 34.380036,
        "activity_lines": [
          1595.09056,
          1597.58835,
          1653.878988,
          1697.286093
        ]
      },
      {
        "date": "2024-12-27",
        "close": 1599.092651,
        "volume": 453680,
        "typical_volume": 965371.3,
        "trend": 1762.939677,
        "fair_value": 989.334984,
        "relative_strength": -5.582754,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.977684,
        "energy": 32.189658,
        "activity_lines": [
          1590.642676,
          1596.300894,
          1645.361285,
          1686.083254
        ]
      },
      {
        "date": "2025-01-03",
        "close": 1542.604126,
        "volume": 616686,
        "typical_volume": 957921.0,
        "trend": 1745.075285,
        "fair_value": 993.827612,
        "relative_strength": -9.790771,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.838794,
        "energy": 46.136606,
        "activity_lines": [
          1569.165063,
          1587.239684,
          1631.968201,
          1671.868057
        ]
      },
      {
        "date": "2025-01-10",
        "close": 1368.098755,
        "volume": 1433588,
        "typical_volume": 1004834.3,
        "trend": 1720.165483,
        "fair_value": 996.813576,
        "relative_strength": -17.97228,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -79.458435,
        "energy": 68.662916,
        "activity_lines": [
          1497.729451,
          1546.517365,
          1602.777032,
          1647.54699
        ]
      },
      {
        "date": "2025-01-17",
        "close": 1295.891235,
        "volume": 867168,
        "typical_volume": 1001063.85,
        "trend": 1694.977433,
        "fair_value": 998.9749,
        "relative_strength": -21.301613,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -83.770021,
        "energy": 80.885623,
        "activity_lines": [
          1421.090747,
          1496.833631,
          1568.216218,
          1620.174458
        ]
      },
      {
        "date": "2025-01-24",
        "close": 1134.260376,
        "volume": 1432714,
        "typical_volume": 1032984.75,
        "trend": 1667.797819,
        "fair_value": 1000.893619,
        "relative_strength": -30.497082,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -91.208347,
        "energy": 93.85078,
        "activity_lines": [
          1309.564266,
          1423.082875,
          1520.12165,
          1583.999164
        ]
      },
      {
        "date": "2025-01-31",
        "close": 1323.1875,
        "volume": 7568790,
        "typical_volume": 1349570.9,
        "trend": 1644.77181,
        "fair_value": 1003.950613,
        "relative_strength": -20.177659,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.512969,
        "energy": 82.85572,
        "activity_lines": [
          1287.963623,
          1390.896444,
          1492.746426,
          1561.76624
        ]
      },
      {
        "date": "2025-02-07",
        "close": 1284.613525,
        "volume": 2129460,
        "typical_volume": 1363633.15,
        "trend": 1622.763395,
        "fair_value": 1006.803066,
        "relative_strength": -22.455408,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.301762,
        "energy": 81.200628,
        "activity_lines": [
          1271.898665,
          1357.203871,
          1463.827094,
          1538.530222
        ]
      },
      {
        "date": "2025-02-14",
        "close": 1158.662231,
        "volume": 2562577,
        "typical_volume": 1439328.3,
        "trend": 1600.042419,
        "fair_value": 1009.432732,
        "relative_strength": -27.84444,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.03019,
        "energy": 81.2838,
        "activity_lines": [
          1231.049316,
          1307.541015,
          1426.241542,
          1508.588211
        ]
      },
      {
        "date": "2025-02-21",
        "close": 1189.002319,
        "volume": 1575156,
        "typical_volume": 1482607.45,
        "trend": 1579.809033,
        "fair_value": 1012.274294,
        "relative_strength": -25.247975,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.383604,
        "energy": 60.511979,
        "activity_lines": [
          1214.275765,
          1272.347771,
          1395.378906,
          1482.069495
        ]
      },
      {
        "date": "2025-02-28",
        "close": 1198.234131,
        "volume": 1039131,
        "typical_volume": 1472358.35,
        "trend": 1562.140588,
        "fair_value": 1015.208585,
        "relative_strength": -22.014215,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.403517,
        "energy": 58.179298,
        "activity_lines": [
          1207.705412,
          1245.95534,
          1368.244626,
          1457.45176
        ]
      },
      {
        "date": "2025-03-07",
        "close": 1239.402832,
        "volume": 1307715,
        "typical_volume": 1498921.1,
        "trend": 1546.619568,
        "fair_value": 1018.427667,
        "relative_strength": -20.596354,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.279943,
        "energy": 53.263313,
        "activity_lines": [
          1210.593042,
          1233.235003,
          1347.447832,
          1436.629969
        ]
      },
      {
        "date": "2025-03-14",
        "close": 1201.178345,
        "volume": 491604,
        "typical_volume": 1485299.75,
        "trend": 1529.488395,
        "fair_value": 1021.470086,
        "relative_strength": -22.455028,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.085895,
        "energy": 50.215376,
        "activity_lines": [
          1206.324821,
          1220.104574,
          1325.377365,
          1414.343438
        ]
      },
      {
        "date": "2025-03-21",
        "close": 1269.144165,
        "volume": 1107499,
        "typical_volume": 1478219.05,
        "trend": 1515.639079,
        "fair_value": 1025.100742,
        "relative_strength": -21.143278,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.347246,
        "energy": 39.552204,
        "activity_lines": [
          1230.274219,
          1225.539309,
          1311.423255,
          1397.547036
        ]
      },
      {
        "date": "2025-03-28",
        "close": 1222.336548,
        "volume": 1106883,
        "typical_volume": 1490416.5,
        "trend": 1500.169625,
        "fair_value": 1028.356336,
        "relative_strength": -24.329378,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.715801,
        "energy": 35.335325,
        "activity_lines": [
          1231.255615,
          1224.262742,
          1294.573906,
          1378.624292
        ]
      },
      {
        "date": "2025-04-04",
        "close": 1188.653076,
        "volume": 622865,
        "typical_volume": 1497826.65,
        "trend": 1482.898726,
        "fair_value": 1031.487798,
        "relative_strength": -24.079303,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -52.112394,
        "energy": 35.990272,
        "activity_lines": [
          1218.786906,
          1218.199265,
          1276.260307,
          1358.526451
        ]
      },
      {
        "date": "2025-04-11",
        "close": 1124.928833,
        "volume": 1020026,
        "typical_volume": 1468922.7,
        "trend": 1461.382874,
        "fair_value": 1034.348769,
        "relative_strength": -27.470307,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.736147,
        "energy": 45.48531,
        "activity_lines": [
          1185.715519,
          1199.560605,
          1253.508084,
          1335.431619
        ]
      },
      {
        "date": "2025-04-18",
        "close": 1193.243896,
        "volume": 922456,
        "typical_volume": 1471964.35,
        "trend": 1435.033232,
        "fair_value": 1037.662534,
        "relative_strength": -25.925816,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.636702,
        "energy": 42.462534,
        "activity_lines": [
          1183.04742,
          1196.947567,
          1239.648537,
          1318.13233
        ]
      },
      {
        "date": "2025-04-25",
        "close": 1252.227417,
        "volume": 948186,
        "typical_volume": 1489255.45,
        "trend": 1411.318384,
        "fair_value": 1041.584501,
        "relative_strength": -22.300415,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -54.011779,
        "energy": 37.832366,
        "activity_lines": [
          1200.569458,
          1206.720073,
          1233.65655,
          1306.338406
        ]
      },
      {
        "date": "2025-05-02",
        "close": 1312.508423,
        "volume": 1030897,
        "typical_volume": 1494604.65,
        "trend": 1395.4913,
        "fair_value": 1046.463235,
        "relative_strength": -18.928296,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.926727,
        "energy": 23.555244,
        "activity_lines": [
          1239.312948,
          1225.751576,
          1235.304956,
          1299.96357
        ]
      },
      {
        "date": "2025-05-09",
        "close": 1221.887451,
        "volume": 604056,
        "typical_volume": 1442056.85,
        "trend": 1379.363147,
        "fair_value": 1051.08707,
        "relative_strength": -22.88632,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.405951,
        "energy": 18.145239,
        "activity_lines": [
          1241.837988,
          1226.060973,
          1229.600034,
          1288.763322
        ]
      },
      {
        "date": "2025-05-16",
        "close": 1369.79541,
        "volume": 1059902,
        "typical_volume": 1472367.95,
        "trend": 1367.142281,
        "fair_value": 1056.426716,
        "relative_strength": -16.36888,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 3.982855,
        "energy": 14.945201,
        "activity_lines": [
          1291.450057,
          1252.832666,
          1239.489321,
          1288.146049
        ]
      },
      {
        "date": "2025-05-23",
        "close": 1371.69165,
        "volume": 885081,
        "typical_volume": 1485787.7,
        "trend": 1361.322107,
        "fair_value": 1062.074137,
        "relative_strength": -14.959598,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 6.95261,
        "energy": 22.027822,
        "activity_lines": [
          1325.369767,
          1277.578356,
          1250.651094,
          1288.439556
        ]
      },
      {
        "date": "2025-05-30",
        "close": 1430.176147,
        "volume": 2257557,
        "typical_volume": 1526986.15,
        "trend": 1355.75144,
        "fair_value": 1067.867305,
        "relative_strength": -10.269177,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 32.814813,
        "energy": 42.886748,
        "activity_lines": [
          1366.887793,
          1309.857348,
          1268.196689,
          1292.881752
        ]
      },
      {
        "date": "2025-06-06",
        "close": 1676.290161,
        "volume": 5984870,
        "typical_volume": 1782871.25,
        "trend": 1358.677327,
        "fair_value": 1075.186852,
        "relative_strength": 4.805682,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 53.813049,
        "energy": 71.649491,
        "activity_lines": [
          1478.580574,
          1383.956489,
          1308.886107,
          1313.56167
        ]
      },
      {
        "date": "2025-06-13",
        "close": 1559.620483,
        "volume": 1489566,
        "typical_volume": 1785713.85,
        "trend": 1359.63044,
        "fair_value": 1082.065849,
        "relative_strength": -0.557905,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 43.480888,
        "energy": 70.408661,
        "activity_lines": [
          1527.131347,
          1428.58926,
          1336.652703,
          1326.525744
        ]
      },
      {
        "date": "2025-06-20",
        "close": 1485.766357,
        "volume": 1689959,
        "typical_volume": 1491772.3,
        "trend": 1354.953007,
        "fair_value": 1088.200172,
        "relative_strength": -5.950563,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 38.291115,
        "energy": 66.000429,
        "activity_lines": [
          1528.548543,
          1453.049145,
          1355.360049,
          1334.663545
        ]
      },
      {
        "date": "2025-06-27",
        "close": 1452.232544,
        "volume": 1395706,
        "typical_volume": 1455084.6,
        "trend": 1347.835392,
        "fair_value": 1093.984386,
        "relative_strength": -9.276119,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 35.826103,
        "energy": 57.2406,
        "activity_lines": [
          1511.056404,
          1464.851291,
          1370.099513,
          1340.939645
        ]
      },
      {
        "date": "2025-07-04",
        "close": 1516.7052,
        "volume": 1556991,
        "typical_volume": 1404805.3,
        "trend": 1343.3559,
        "fair_value": 1099.431757,
        "relative_strength": -3.9029,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 60.951105,
        "energy": 45.416927,
        "activity_lines": [
          1509.685758,
          1483.666854,
          1390.181044,
          1351.834471
        ]
      },
      {
        "date": "2025-07-11",
        "close": 1499.900024,
        "volume": 1575184,
        "typical_volume": 1404806.7,
        "trend": 1340.661605,
        "fair_value": 1105.044551,
        "relative_strength": -3.199232,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.305102,
        "energy": 37.798343,
        "activity_lines": [
          1496.944783,
          1494.618244,
          1406.957116,
          1361.934092
        ]
      },
      {
        "date": "2025-07-18",
        "close": 1695.199951,
        "volume": 4136558,
        "typical_volume": 1559678.05,
        "trend": 1345.884525,
        "fair_value": 1111.466154,
        "relative_strength": 10.445775,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.510044,
        "energy": 52.130249,
        "activity_lines": [
          1561.063126,
          1537.671591,
          1440.852716,
          1384.807534
        ]
      },
      {
        "date": "2025-07-25",
        "close": 1613.800049,
        "volume": 1027142,
        "typical_volume": 1545649.4,
        "trend": 1346.374772,
        "fair_value": 1117.359947,
        "relative_strength": 5.941999,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.23041,
        "energy": 52.6662,
        "activity_lines": [
          1589.009538,
          1557.319274,
          1464.62944,
          1402.092406
        ]
      },
      {
        "date": "2025-08-01",
        "close": 1584.5,
        "volume": 1034370,
        "typical_volume": 1572787.7,
        "trend": 1347.771301,
        "fair_value": 1123.213409,
        "relative_strength": 5.347812,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.703543,
        "energy": 52.512706,
        "activity_lines": [
          1598.653686,
          1567.203227,
          1483.832839,
          1417.455324
        ]
      },
      {
        "date": "2025-08-08",
        "close": 1512.099976,
        "volume": 748008,
        "typical_volume": 1554813.15,
        "trend": 1352.571342,
        "fair_value": 1128.534109,
        "relative_strength": 1.620309,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.886765,
        "energy": 44.395909,
        "activity_lines": [
          1575.346664,
          1560.054297,
          1494.315657,
          1428.057174
        ]
      },
      {
        "date": "2025-08-15",
        "close": 1534.099976,
        "volume": 367291,
        "typical_volume": 1517833.55,
        "trend": 1360.511633,
        "fair_value": 1133.825777,
        "relative_strength": 2.221822,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.505513,
        "energy": 34.846419,
        "activity_lines": [
          1559.679989,
          1555.415843,
          1505.73678,
          1439.768699
        ]
      },
      {
        "date": "2025-08-22",
        "close": 1478.599976,
        "volume": 790932,
        "typical_volume": 1526236.9,
        "trend": 1371.98962,
        "fair_value": 1138.776933,
        "relative_strength": -2.162557,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 36.960028,
        "energy": 20.175617,
        "activity_lines": [
          1523.233317,
          1543.271755,
          1510.387602,
          1447.387301
        ]
      },
      {
        "date": "2025-08-29",
        "close": 1430.0,
        "volume": 405516,
        "typical_volume": 1495511.4,
        "trend": 1375.550037,
        "fair_value": 1143.473131,
        "relative_strength": -3.408133,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 23.575435,
        "energy": 19.205248,
        "activity_lines": [
          1485.026652,
          1523.764409,
          1509.029154,
          1451.129907
        ]
      },
      {
        "date": "2025-09-05",
        "close": 1407.599976,
        "volume": 1144319,
        "typical_volume": 1506604.55,
        "trend": 1379.649585,
        "fair_value": 1147.840741,
        "relative_strength": -5.776145,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 0.834326,
        "energy": 14.265593,
        "activity_lines": [
          1451.606649,
          1501.198265,
          1504.084652,
          1453.197645
        ]
      },
      {
        "date": "2025-09-12",
        "close": 1569.0,
        "volume": 706884,
        "typical_volume": 1494539.45,
        "trend": 1393.327511,
        "fair_value": 1153.557018,
        "relative_strength": 3.710593,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.64692,
        "energy": 19.362046,
        "activity_lines": [
          1483.779989,
          1508.78908,
          1513.490837,
          1465.413801
        ]
      },
      {
        "date": "2025-09-19",
        "close": 1595.199951,
        "volume": 743983,
        "typical_volume": 1480193.75,
        "trend": 1406.867432,
        "fair_value": 1159.508314,
        "relative_strength": 5.022518,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 45.988503,
        "energy": 21.308672,
        "activity_lines": [
          1520.893311,
          1520.192709,
          1523.883814,
          1478.437829
        ]
      },
      {
        "date": "2025-09-26",
        "close": 1542.199951,
        "volume": 515493,
        "typical_volume": 1475765.6,
        "trend": 1418.332959,
        "fair_value": 1165.288971,
        "relative_strength": 4.720389,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.583838,
        "energy": 24.027006,
        "activity_lines": [
          1536.266634,
          1520.227248,
          1527.883022,
          1487.168959
        ]
      },
      {
        "date": "2025-10-03",
        "close": 1470.300049,
        "volume": 568205,
        "typical_volume": 1451180.75,
        "trend": 1426.029533,
        "fair_value": 1170.525131,
        "relative_strength": -0.726591,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 28.523865,
        "energy": 21.897689,
        "activity_lines": [
          1523.433325,
          1509.970896,
          1523.509323,
          1490.521675
        ]
      },
      {
        "date": "2025-10-10",
        "close": 1452.0,
        "volume": 798746,
        "typical_volume": 1446864.0,
        "trend": 1434.390255,
        "fair_value": 1175.779713,
        "relative_strength": -3.137236,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.964015,
        "energy": 11.262155,
        "activity_lines": [
          1501.81333,
          1498.996353,
          1516.914169,
          1492.197189
        ]
      },
      {
        "date": "2025-10-17",
        "close": 1525.800049,
        "volume": 2186227,
        "typical_volume": 1443297.5,
        "trend": 1442.945451,
        "fair_value": 1181.531529,
        "relative_strength": 0.448058,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 21.116838,
        "energy": 10.642452,
        "activity_lines": [
          1501.83335,
          1503.849092,
          1516.96517,
          1498.094595
        ]
      },
      {
        "date": "2025-10-24",
        "close": 1534.699951,
        "volume": 1068426,
        "typical_volume": 1197475.3,
        "trend": 1453.357564,
        "fair_value": 1187.414142,
        "relative_strength": 0.845984,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 23.323721,
        "energy": 11.780785,
        "activity_lines": [
          1507.7,
          1510.070903,
          1517.408429,
          1504.01424
        ]
      },
      {
        "date": "2025-10-31",
        "close": 1618.599976,
        "volume": 1005469,
        "typical_volume": 1173270.45,
        "trend": 1467.689128,
        "fair_value": 1193.786577,
        "relative_strength": 6.758396,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 60.253439,
        "energy": 29.15237,
        "activity_lines": [
          1545.566659,
          1531.536355,
          1526.516405,
          1514.675041
        ]
      },
      {
        "date": "2025-11-07",
        "close": 1701.199951,
        "volume": 1196611,
        "typical_volume": 1148603.05,
        "trend": 1486.898165,
        "fair_value": 1200.809924,
        "relative_strength": 13.182786,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 74.058971,
        "energy": 65.184297,
        "activity_lines": [
          1605.873307,
          1565.47453,
          1543.210191,
          1529.740255
        ]
      },
      {
        "date": "2025-11-14",
        "close": 1573.800049,
        "volume": 652263,
        "typical_volume": 1111430.9,
        "trend": 1499.58337,
        "fair_value": 1206.947946,
        "relative_strength": 3.163842,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.745258,
        "energy": 56.386205,
        "activity_lines": [
          1608.319995,
          1571.318177,
          1546.744779,
          1535.346828
        ]
      },
      {
        "date": "2025-11-21",
        "close": 1529.099976,
        "volume": 507399,
        "typical_volume": 1058951.3,
        "trend": 1508.812455,
        "fair_value": 1212.805787,
        "relative_strength": -0.068719,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 49.842652,
        "energy": 46.51594,
        "activity_lines": [
          1587.746655,
          1566.01272,
          1545.443324,
          1537.251125
        ]
      },
      {
        "date": "2025-11-28",
        "close": 1537.300049,
        "volume": 388446,
        "typical_volume": 999614.4,
        "trend": 1516.305509,
        "fair_value": 1218.609706,
        "relative_strength": 0.29076,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 44.13081,
        "energy": 24.674748,
        "activity_lines": [
          1569.686678,
          1562.92364,
          1544.863806,
          1539.089035
        ]
      },
      {
        "date": "2025-12-05",
        "close": 1537.800049,
        "volume": 268991,
        "typical_volume": 806236.05,
        "trend": 1526.835929,
        "fair_value": 1224.545885,
        "relative_strength": 0.657295,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 25.814977,
        "energy": 14.089766,
        "activity_lines": [
          1551.620028,
          1560.978194,
          1544.153811,
          1540.475779
        ]
      },
      {
        "date": "2025-12-12",
        "close": 1449.599976,
        "volume": 1347914,
        "typical_volume": 822274.65,
        "trend": 1529.496082,
        "fair_value": 1230.047639,
        "relative_strength": -4.3502,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -14.317264,
        "energy": 17.441233,
        "activity_lines": [
          1509.540015,
          1543.07637,
          1535.793333,
          1535.492815
        ]
      },
      {
        "date": "2025-12-19",
        "close": 1465.099976,
        "volume": 673731,
        "typical_volume": 804242.7,
        "trend": 1532.609692,
        "fair_value": 1236.04672,
        "relative_strength": -2.744612,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -57.362892,
        "energy": 34.626955,
        "activity_lines": [
          1489.4,
          1528.369092,
          1529.69095,
          1531.338227
        ]
      },
      {
        "date": "2025-12-26",
        "close": 1479.599976,
        "volume": 486444,
        "typical_volume": 791164.5,
        "trend": 1534.257153,
        "fair_value": 1241.868883,
        "relative_strength": -1.731665,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -55.073581,
        "energy": 43.175206,
        "activity_lines": [
          1481.339991,
          1516.059997,
          1525.538091,
          1527.918245
        ]
      },
      {
        "date": "2026-01-02",
        "close": 1490.599976,
        "volume": 565879,
        "typical_volume": 801093.9,
        "trend": 1528.067481,
        "fair_value": 1247.70466,
        "relative_strength": -1.827726,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -53.879792,
        "energy": 45.695624,
        "activity_lines": [
          1480.246648,
          1506.590903,
          1522.587614,
          1525.101653
        ]
      },
      {
        "date": "2026-01-09",
        "close": 1557.199951,
        "volume": 2646914,
        "typical_volume": 893893.0,
        "trend": 1527.986796,
        "fair_value": 1253.910461,
        "relative_strength": 5.05662,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -38.196736,
        "energy": 19.850845,
        "activity_lines": [
          1504.466634,
          1510.032713,
          1526.187133,
          1526.981167
        ]
      },
      {
        "date": "2026-01-16",
        "close": 1527.300049,
        "volume": 574550,
        "typical_volume": 902344.7,
        "trend": 1529.371253,
        "fair_value": 1259.776472,
        "relative_strength": 2.872004,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -30.840229,
        "energy": 12.630973,
        "activity_lines": [
          1517.42666,
          1509.154541,
          1526.564758,
          1526.936861
        ]
      },
      {
        "date": "2026-01-23",
        "close": 1381.800049,
        "volume": 1412176,
        "typical_volume": 915737.55,
        "trend": 1527.023503,
        "fair_value": 1264.976797,
        "relative_strength": -4.720748,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -64.828911,
        "energy": 30.788654,
        "activity_lines": [
          1476.706681,
          1484.983641,
          1512.621906,
          1517.416138
        ]
      },
      {
        "date": "2026-01-30",
        "close": 1450.199951,
        "volume": 521600,
        "typical_volume": 906473.35,
        "trend": 1524.806661,
        "fair_value": 1270.566632,
        "relative_strength": -1.110987,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -49.78858,
        "energy": 27.458555,
        "activity_lines": [
          1464.339998,
          1476.739995,
          1505.316187,
          1512.45978
        ]
      },
      {
        "date": "2026-02-06",
        "close": 1514.5,
        "volume": 526033,
        "typical_volume": 895575.85,
        "trend": 1525.293327,
        "fair_value": 1276.601387,
        "relative_strength": 1.625074,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -41.992189,
        "energy": 28.612375,
        "activity_lines": [
          1475.366667,
          1481.621813,
          1504.699997,
          1511.794834
        ]
      },
      {
        "date": "2026-02-13",
        "close": 1524.900024,
        "volume": 435925,
        "typical_volume": 891597.45,
        "trend": 1519.616663,
        "fair_value": 1282.636693,
        "relative_strength": 2.898656,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -36.776704,
        "energy": 23.022867,
        "activity_lines": [
          1488.266675,
          1488.809091,
          1505.458571,
          1511.76946
        ]
      },
      {
        "date": "2026-02-20",
        "close": 1514.0,
        "volume": 389923,
        "typical_volume": 882683.35,
        "trend": 1516.289994,
        "fair_value": 1288.662203,
        "relative_strength": 1.526478,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -25.091364,
        "energy": 11.846556,
        "activity_lines": [
          1499.68667,
          1494.249092,
          1505.261428,
          1511.407095
        ]
      },
      {
        "date": "2026-02-27",
        "close": 1395.099976,
        "volume": 728972,
        "typical_volume": 879194.65,
        "trend": 1509.97666,
        "fair_value": 1293.999915,
        "relative_strength": -5.027181,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -57.250299,
        "energy": 23.729723,
        "activity_lines": [
          1472.359994,
          1476.899998,
          1493.532378,
          1503.588384
        ]
      },
      {
        "date": "2026-03-06",
        "close": 1357.099976,
        "volume": 320663,
        "typical_volume": 785916.45,
        "trend": 1504.809994,
        "fair_value": 1299.132181,
        "relative_strength": -4.879738,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -62.432408,
        "energy": 45.384727,
        "activity_lines": [
          1431.479989,
          1453.91454,
          1478.455233,
          1493.725372
        ]
      },
      {
        "date": "2026-03-13",
        "close": 1294.400024,
        "volume": 585270,
        "typical_volume": 761758.65,
        "trend": 1496.819995,
        "fair_value": 1303.961698,
        "relative_strength": -4.254431,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.321284,
        "energy": 69.364561,
        "activity_lines": [
          1375.906665,
          1421.756363,
          1458.209998,
          1480.150535
        ]
      },
      {
        "date": "2026-03-20",
        "close": 1267.199951,
        "volume": 703593,
        "typical_volume": 746664.85,
        "trend": 1489.773328,
        "fair_value": 1309.337776,
        "relative_strength": -6.132524,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.431858,
        "energy": 78.359137,
        "activity_lines": [
          1325.939982,
          1388.219991,
          1436.518565,
          1465.336339
        ]
      },
      {
        "date": "2026-03-27",
        "close": 1227.5,
        "volume": 442053,
        "typical_volume": 708936.95,
        "trend": 1483.023328,
        "fair_value": 1314.468903,
        "relative_strength": -7.953389,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.650352,
        "energy": 82.126119,
        "activity_lines": [
          1279.919987,
          1352.738172,
          1412.719518,
          1448.415479
        ]
      },
      {
        "date": "2026-04-03",
        "close": 1156.800049,
        "volume": 704293,
        "typical_volume": 711538.45,
        "trend": 1474.66333,
        "fair_value": 1319.021268,
        "relative_strength": -12.82054,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -82.473515,
        "energy": 87.020553,
        "activity_lines": [
          1229.433341,
          1309.852728,
          1384.442856,
          1427.368816
        ]
      },
      {
        "date": "2026-04-10",
        "close": 1299.900024,
        "volume": 835812,
        "typical_volume": 727959.1,
        "trend": 1465.693331,
        "fair_value": 1324.532899,
        "relative_strength": -7.629188,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.701176,
        "energy": 71.818033,
        "activity_lines": [
          1242.533349,
          1297.076369,
          1371.780477,
          1416.093764
        ]
      },
      {
        "date": "2026-04-17",
        "close": 1332.199951,
        "volume": 334584,
        "typical_volume": 725266.0,
        "trend": 1456.926664,
        "fair_value": 1330.196907,
        "relative_strength": -6.654992,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.527465,
        "energy": 47.675955,
        "activity_lines": [
          1270.21333,
          1292.905451,
          1363.285711,
          1407.481288
        ]
      },
      {
        "date": "2026-04-24",
        "close": 1417.0,
        "volume": 1565205,
        "typical_volume": 790076.7,
        "trend": 1452.753333,
        "fair_value": 1336.365091,
        "relative_strength": 0.941058,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -39.47175,
        "energy": 28.080581,
        "activity_lines": [
          1323.639998,
          1307.46727,
          1363.843806,
          1404.905374
        ]
      },
      {
        "date": "2026-05-01",
        "close": 1433.400024,
        "volume": 495115,
        "typical_volume": 747436.75,
        "trend": 1451.523332,
        "fair_value": 1342.593583,
        "relative_strength": 1.492076,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -22.00884,
        "energy": 22.438871,
        "activity_lines": [
          1372.546671,
          1326.972729,
          1366.539047,
          1403.656773
        ]
      },
      {
        "date": "2026-05-08",
        "close": 1425.400024,
        "volume": 3034410,
        "typical_volume": 865470.7,
        "trend": 1450.636666,
        "fair_value": 1348.579757,
        "relative_strength": -0.083223,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -15.029141,
        "energy": 23.222139,
        "activity_lines": [
          1405.060009,
          1346.489098,
          1368.549526,
          1401.971398
        ]
      },
      {
        "date": "2026-05-15",
        "close": 1397.300049,
        "volume": 556474,
        "typical_volume": 868972.2,
        "trend": 1446.353333,
        "fair_value": 1354.243398,
        "relative_strength": 0.011842,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -16.221755,
        "energy": 23.330083,
        "activity_lines": [
          1410.300024,
          1360.34547,
          1368.072864,
          1398.530326
        ]
      },
      {
        "date": "2026-05-22",
        "close": 1376.900024,
        "volume": 328753,
        "typical_volume": 857115.9,
        "trend": 1441.093335,
        "fair_value": 1359.848743,
        "relative_strength": -1.85452,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -8.505237,
        "energy": 15.346293,
        "activity_lines": [
          1402.246696,
          1369.761836,
          1366.045247,
          1394.049468
        ]
      },
      {
        "date": "2026-05-29",
        "close": 1418.0,
        "volume": 488421,
        "typical_volume": 749191.25,
        "trend": 1434.406669,
        "fair_value": 1365.317674,
        "relative_strength": 1.730908,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -3.756673,
        "energy": 10.838373,
        "activity_lines": [
          1404.913354,
          1385.150925,
          1368.473342,
          1392.559575
        ]
      },
      {
        "date": "2026-06-05",
        "close": 1337.119263,
        "volume": 183977,
        "typical_volume": 729662.6,
        "trend": 1422.270646,
        "fair_value": 1370.494777,
        "relative_strength": -3.019,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -29.969773,
        "energy": 13.177318,
        "activity_lines": [
          1380.553101,
          1383.092607,
          1363.861366,
          1386.282968
        ]
      },
      {
        "date": "2026-06-12",
        "close": 1327.458862,
        "volume": 71267,
        "typical_volume": 662617.15,
        "trend": 1414.059273,
        "fair_value": 1375.49298,
        "relative_strength": -4.549177,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -37.461335,
        "energy": 19.852839,
        "activity_lines": [
          1359.391431,
          1377.284774,
          1359.234975,
          1380.166079
        ]
      },
      {
        "date": "2026-06-19",
        "close": 1413.107788,
        "volume": 58836,
        "typical_volume": 639478.95,
        "trend": 1410.192867,
        "fair_value": 1381.188975,
        "relative_strength": -0.031332,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -19.589202,
        "energy": 11.310151,
        "activity_lines": [
          1373.308813,
          1383.946586,
          1363.024392,
          1380.104693
        ]
      },
      {
        "date": "2026-06-26",
        "close": 1402.252197,
        "volume": 0,
        "typical_volume": 613177.3,
        "trend": 1405.691272,
        "fair_value": 1386.76389,
        "relative_strength": -1.029459,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -20.529189,
        "energy": 12.313518,
        "activity_lines": [
          1382.553817,
          1386.576332,
          1365.956573,
          1379.592392
        ]
      },
      {
        "date": "2026-07-03",
        "close": 1437.009766,
        "volume": 248930,
        "typical_volume": 603827.55,
        "trend": 1402.331596,
        "fair_value": 1392.312402,
        "relative_strength": 0.5378,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 0.238648,
        "energy": 10.975708,
        "activity_lines": [
          1401.694531,
          1394.251958,
          1372.733512,
          1381.61294
        ]
      },
      {
        "date": "2026-07-10",
        "close": 1511.300049,
        "volume": 1665084,
        "typical_volume": 667585.6,
        "trend": 1404.388265,
        "fair_value": 1398.46873,
        "relative_strength": 5.918075,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 35.199598,
        "energy": 48.060612,
        "activity_lines": [
          1444.331356,
          1415.071094,
          1387.00424,
          1388.643162
        ]
      },
      {
        "date": "2026-07-17",
        "close": 1462.0,
        "volume": 790790,
        "typical_volume": 670676.5,
        "trend": 1404.284932,
        "fair_value": 1404.28265,
        "relative_strength": 2.186999,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 31.166827,
        "energy": 49.800151,
        "activity_lines": [
          1458.922778,
          1425.510221,
          1396.592583,
          1392.360049
        ]
      },
      {
        "date": "2026-07-24",
        "close": 1362.300049,
        "volume": 3639931,
        "typical_volume": 836639.9,
        "trend": 1400.374935,
        "fair_value": 1409.008258,
        "relative_strength": -2.265812,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 17.658527,
        "energy": 29.814247,
        "activity_lines": [
          1431.311475,
          1417.15663,
          1396.367121,
          1389.651346
        ]
      },
      {
        "date": "2026-07-31",
        "close": 1372.199951,
        "volume": 453523,
        "typical_volume": 830052.55,
        "trend": 1396.428267,
        "fair_value": 1414.004595,
        "relative_strength": -3.783642,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 4.399647,
        "energy": 8.788125,
        "activity_lines": [
          1410.387321,
          1411.239384,
          1397.059745,
          1387.833606
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1339.0,
        "volume": 414108,
        "typical_volume": 815578.3,
        "trend": 1389.154936,
        "fair_value": 1418.961209,
        "relative_strength": -6.59387,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -15.323241,
        "energy": 14.681977,
        "activity_lines": [
          1380.4,
          1399.37124,
          1394.219992,
          1384.128556
        ]
      }
    ],
    "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."
    }
  }
}