{
  "ticker": {
    "uuid": "f4089bec-0984-4d1f-9f95-cc1722895483",
    "symbol": "301525",
    "name": "Shanghai Ruking Technologies Co., Ltd.",
    "exchange": "SHZ",
    "country": "CN",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "399001.SZ",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -65.217,
    "architecture_energy": 74.805,
    "architecture_maturity": 58.0,
    "architecture_confidence": 87.969,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 7.88,
        "rotation_up": 14.02,
        "upward_expansion": 16.7,
        "deceleration": 40.82,
        "rotation_down": 70.1,
        "downward_expansion": 90.03
      },
      "activity_lines": [
        39.158666,
        42.442575,
        46.837166,
        53.170306
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 40.950001,
    "trend_reference": 62.869292,
    "distance_from_trend": -0.348649,
    "trend_direction": "Weakening",
    "fair_value": 71.058916,
    "distance_from_fair_value": -0.423718,
    "fair_value_direction": "Weakening",
    "relative_strength": -47.663504,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.53582,
    "excess_performance": -0.543219,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.348649,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.177095,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.423718,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.182238,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.476635,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.023866,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.53582,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.856797,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 6092539,
      "relative_activity": 0.701012,
      "balance": 0.856797,
      "dry_up": 0.803793,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.169752,
      "annualized_volatility": 0.761738,
      "from_high_reference": -0.665376,
      "from_low_reference": 0.15678
    },
    "levels": {
      "trend_reference": 62.869292,
      "fair_value_reference": 71.058916,
      "structural_low": 35.400002,
      "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": 4,
        "median_return": -0.160369,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.103415,
        "regime_survival": 1.0,
        "best_return": 0.029757,
        "worst_return": -0.259341,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": -0.208476,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.376575,
        "regime_survival": 1.0,
        "best_return": -0.208476,
        "worst_return": -0.208476,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-03-21",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.200232,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-18",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.307165,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-05-23",
        "end": "2025-06-06",
        "tenure": "New",
        "return": -0.076164,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-13",
        "end": "2025-08-01",
        "tenure": "Developing",
        "return": 0.161525,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-08",
        "end": "2025-10-24",
        "tenure": "Developing",
        "return": 0.127785,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-31",
        "end": "2025-11-28",
        "tenure": "Developing",
        "return": -0.097846,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-12-05",
        "end": "2025-12-19",
        "tenure": "New",
        "return": -0.037775,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-12-26",
        "end": "2026-01-09",
        "tenure": "New",
        "return": 0.062425,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-16",
        "end": "2026-03-27",
        "tenure": "Developing",
        "return": -0.187847,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-04-03",
        "end": "2026-08-07",
        "tenure": "Established",
        "return": -0.388897,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-09-01",
        "close": 115.642509,
        "volume": 34752264,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-08",
        "close": 116.793823,
        "volume": 33463080,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-15",
        "close": 98.697624,
        "volume": 15116857,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-22",
        "close": 103.066681,
        "volume": 9804585,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-09-29",
        "close": 106.205719,
        "volume": 11369386,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-13",
        "close": 97.290466,
        "volume": 6833133,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-20",
        "close": 87.479744,
        "volume": 6534656,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-27",
        "close": 78.525124,
        "volume": 16009641,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-03",
        "close": 82.520264,
        "volume": 15105405,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-10",
        "close": 84.783524,
        "volume": 11791724,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-17",
        "close": 94.003822,
        "volume": 16134904,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-24",
        "close": 89.546196,
        "volume": 10693425,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-01",
        "close": 89.418274,
        "volume": 7974229,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-08",
        "close": 85.806892,
        "volume": 3915535,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-15",
        "close": 85.669136,
        "volume": 5703333,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-22",
        "close": 84.675278,
        "volume": 3660421,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-29",
        "close": 83.031944,
        "volume": 4157760,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-05",
        "close": 78.525124,
        "volume": 2636818,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-12",
        "close": 79.263145,
        "volume": 3828881,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-19",
        "close": 73.703407,
        "volume": 3267038,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-26",
        "close": 66.982521,
        "volume": 4383231,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-02",
        "close": 56.896271,
        "volume": 4272314,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-09",
        "close": 60.025471,
        "volume": 4877008,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-23",
        "close": 67.159637,
        "volume": 6957722,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-01",
        "close": 68.576637,
        "volume": 8138961,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-08",
        "close": 66.854599,
        "volume": 6015870,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-15",
        "close": 68.714409,
        "volume": 5888624,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-22",
        "close": 67.356445,
        "volume": 8824459,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-29",
        "close": 62.141125,
        "volume": 5163686,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-05",
        "close": 61.176777,
        "volume": 2380653,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-12",
        "close": 59.080807,
        "volume": 3426663,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-19",
        "close": 58.746239,
        "volume": 4405756,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-26",
        "close": 59.051285,
        "volume": 4714314,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-03",
        "close": 58.815121,
        "volume": 2085405,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-10",
        "close": 60.005791,
        "volume": 3895817,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-17",
        "close": 59.139847,
        "volume": 2062645,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-24",
        "close": 59.415379,
        "volume": 4343657,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-31",
        "close": 60.123871,
        "volume": 3997739,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-07",
        "close": 63.075943,
        "volume": 8760288,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-14",
        "close": 64.158371,
        "volume": 7174914,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-21",
        "close": 58.765759,
        "volume": 4442802,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-28",
        "close": 55.772964,
        "volume": 3108617,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-05",
        "close": 55.961254,
        "volume": 5065327,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-12",
        "close": 54.058552,
        "volume": 3084360,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-19",
        "close": 50.441437,
        "volume": 3012763,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-26",
        "close": 50.887383,
        "volume": 3267023,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-02",
        "close": 50.253147,
        "volume": 4490181,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-09",
        "close": 48.538731,
        "volume": 2424646,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-16",
        "close": 48.310806,
        "volume": 1867570,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-23",
        "close": 42.097294,
        "volume": 2954632,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-30",
        "close": 43.73243,
        "volume": 5202851,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-06",
        "close": 48.627918,
        "volume": 16931738,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-13",
        "close": 50.352249,
        "volume": 7666026,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-20",
        "close": 48.667564,
        "volume": 3932090,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-27",
        "close": 54.28648,
        "volume": 9682007,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-04",
        "close": 61.124317,
        "volume": 3200362,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-11",
        "close": 54.504501,
        "volume": 9922857,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-18",
        "close": 58.072067,
        "volume": 6234556,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-25",
        "close": 57.79459,
        "volume": 6020273,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-01",
        "close": 52.066662,
        "volume": 6056097,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-08",
        "close": 58.969418,
        "volume": 11031831,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-15",
        "close": 55.469036,
        "volume": 7835682,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-22",
        "close": 55.419315,
        "volume": 7562472,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-29",
        "close": 62.270908,
        "volume": 15877326,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-06",
        "close": 65.075188,
        "volume": 15729893,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-13",
        "close": 63.702877,
        "volume": 12307702,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-20",
        "close": 60.490891,
        "volume": 5727161,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-27",
        "close": 62.052135,
        "volume": 5871177,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-03",
        "close": 52.794037,
        "volume": 5033022,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-10",
        "close": 55.07127,
        "volume": 4983474,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-17",
        "close": 57.94516,
        "volume": 4434052,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-24",
        "close": 63.2355,
        "volume": 8375815,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-31",
        "close": 62.072021,
        "volume": 1310151,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-07",
        "close": 65.13485,
        "volume": 5474364,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-14",
        "close": 62.967007,
        "volume": 5981355,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-21",
        "close": 84.277542,
        "volume": 20400757,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-28",
        "close": 71.807442,
        "volume": 19422069,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-07",
        "close": 76.421577,
        "volume": 12348150,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-14",
        "close": 83.810158,
        "volume": 20131389,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-21",
        "close": 85.62001,
        "volume": 10198720,
        "typical_volume": 10001828.1,
        "trend": 61.127837,
        "fair_value": 67.638346,
        "relative_strength": 31.818734,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.922061,
        "energy": 76.72801,
        "activity_lines": [
          81.366523,
          75.930693,
          69.27455,
          65.818362
        ]
      },
      {
        "date": "2025-03-28",
        "close": 79.255692,
        "volume": 8274190,
        "typical_volume": 9863946.05,
        "trend": 62.311946,
        "fair_value": 67.78177,
        "relative_strength": 22.608881,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.633302,
        "energy": 64.180638,
        "activity_lines": [
          80.989305,
          77.371887,
          70.6103,
          66.987901
        ]
      },
      {
        "date": "2025-04-04",
        "close": 76.451408,
        "volume": 6215400,
        "typical_volume": 9782931.95,
        "trend": 63.239396,
        "fair_value": 67.887497,
        "relative_strength": 20.659443,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 60.97098,
        "energy": 51.670827,
        "activity_lines": [
          80.012115,
          77.915747,
          71.582374,
          67.900125
        ]
      },
      {
        "date": "2025-04-11",
        "close": 68.47612,
        "volume": 9793825,
        "typical_volume": 9894499.6,
        "trend": 63.843525,
        "fair_value": 67.894589,
        "relative_strength": 13.710296,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 44.496355,
        "energy": 31.176638,
        "activity_lines": [
          76.066899,
          76.769265,
          71.69498,
          68.237978
        ]
      },
      {
        "date": "2025-04-18",
        "close": 63.842098,
        "volume": 4836975,
        "typical_volume": 9342482.05,
        "trend": 64.349343,
        "fair_value": 67.846345,
        "relative_strength": 6.521715,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 20.775303,
        "energy": 18.437907,
        "activity_lines": [
          71.106706,
          74.663795,
          71.304076,
          68.237886
        ]
      },
      {
        "date": "2025-04-25",
        "close": 75.984039,
        "volume": 8850745,
        "typical_volume": 8998524.65,
        "trend": 65.072595,
        "fair_value": 67.942083,
        "relative_strength": 24.493923,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.577504,
        "energy": 22.417948,
        "activity_lines": [
          71.52503,
          74.789456,
          72.062066,
          68.988511
        ]
      },
      {
        "date": "2025-05-02",
        "close": 75.626045,
        "volume": 3886900,
        "typical_volume": 8577484.55,
        "trend": 65.555985,
        "fair_value": 68.031431,
        "relative_strength": 23.54243,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.849949,
        "energy": 20.804596,
        "activity_lines": [
          72.466422,
          74.613354,
          72.734014,
          69.669379
        ]
      },
      {
        "date": "2025-05-09",
        "close": 85.84874,
        "volume": 14971187,
        "typical_volume": 9039685.85,
        "trend": 66.600793,
        "fair_value": 68.236228,
        "relative_strength": 36.120061,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 63.030271,
        "energy": 30.643961,
        "activity_lines": [
          77.057354,
          76.453223,
          74.322775,
          70.978589
        ]
      },
      {
        "date": "2025-05-16",
        "close": 83.452164,
        "volume": 10005832,
        "typical_volume": 9246418.6,
        "trend": 67.446797,
        "fair_value": 68.409136,
        "relative_strength": 30.783275,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 59.310012,
        "energy": 40.210059,
        "activity_lines": [
          80.222939,
          77.602055,
          75.562539,
          72.065774
        ]
      },
      {
        "date": "2025-05-23",
        "close": 78.599373,
        "volume": 6001134,
        "typical_volume": 9294824.2,
        "trend": 68.140289,
        "fair_value": 68.523633,
        "relative_strength": 23.20266,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 53.543847,
        "energy": 46.406276,
        "activity_lines": [
          80.772525,
          77.740732,
          76.238227,
          72.785295
        ]
      },
      {
        "date": "2025-05-30",
        "close": 72.443878,
        "volume": 5671924,
        "typical_volume": 9329246.7,
        "trend": 68.81953,
        "fair_value": 68.567192,
        "relative_strength": 14.314622,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 48.730788,
        "energy": 35.042012,
        "activity_lines": [
          78.28646,
          76.85497,
          76.204796,
          73.062946
        ]
      },
      {
        "date": "2025-06-06",
        "close": 72.612923,
        "volume": 4299900,
        "typical_volume": 9322539.1,
        "trend": 69.274313,
        "fair_value": 68.61165,
        "relative_strength": 12.863137,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 30.42169,
        "energy": 15.685676,
        "activity_lines": [
          76.092754,
          76.23951,
          76.104737,
          73.307681
        ]
      },
      {
        "date": "2025-06-13",
        "close": 71.827339,
        "volume": 6927073,
        "typical_volume": 9250102.0,
        "trend": 69.81959,
        "fair_value": 68.646603,
        "relative_strength": 12.266133,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 9.659881,
        "energy": 11.319436,
        "activity_lines": [
          73.838062,
          75.601993,
          75.860014,
          73.472392
        ]
      },
      {
        "date": "2025-06-20",
        "close": 70.753357,
        "volume": 7161059,
        "typical_volume": 9542647.4,
        "trend": 70.330725,
        "fair_value": 68.669257,
        "relative_strength": 11.681487,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 3.485093,
        "energy": 14.086804,
        "activity_lines": [
          72.160136,
          74.853281,
          75.472093,
          73.532635
        ]
      },
      {
        "date": "2025-06-27",
        "close": 76.345276,
        "volume": 6232766,
        "typical_volume": 9580567.5,
        "trend": 70.799871,
        "fair_value": 68.750916,
        "relative_strength": 15.800716,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 12.115549,
        "energy": 12.469767,
        "activity_lines": [
          73.19277,
          75.079878,
          75.575397,
          73.920671
        ]
      },
      {
        "date": "2025-07-04",
        "close": 74.287018,
        "volume": 4367509,
        "typical_volume": 9499875.2,
        "trend": 71.106932,
        "fair_value": 68.809191,
        "relative_strength": 11.069596,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 11.057835,
        "energy": 9.16921,
        "activity_lines": [
          73.689591,
          74.704915,
          75.429293,
          74.145648
        ]
      },
      {
        "date": "2025-07-11",
        "close": 73.457718,
        "volume": 3930078,
        "typical_volume": 8676341.25,
        "trend": 71.432093,
        "fair_value": 68.857613,
        "relative_strength": 7.658088,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 10.293736,
        "energy": 6.765951,
        "activity_lines": [
          73.787103,
          74.210025,
          75.150303,
          74.297312
        ]
      },
      {
        "date": "2025-07-18",
        "close": 77.094643,
        "volume": 6862932,
        "typical_volume": 8048384.4,
        "trend": 71.985551,
        "fair_value": 68.942531,
        "relative_strength": 10.269219,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 33.082739,
        "energy": 16.315676,
        "activity_lines": [
          75.040603,
          74.415819,
          75.26921,
          74.662638
        ]
      },
      {
        "date": "2025-07-25",
        "close": 79.382698,
        "volume": 6657435,
        "typical_volume": 7763848.65,
        "trend": 72.563237,
        "fair_value": 69.049063,
        "relative_strength": 10.561895,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 42.739162,
        "energy": 22.911659,
        "activity_lines": [
          76.705635,
          75.196788,
          75.58085,
          75.139873
        ]
      },
      {
        "date": "2025-08-01",
        "close": 83.429268,
        "volume": 8388661,
        "typical_volume": 7176712.25,
        "trend": 73.584411,
        "fair_value": 69.194318,
        "relative_strength": 17.464415,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 64.995936,
        "energy": 49.530327,
        "activity_lines": [
          79.144234,
          76.787487,
          76.263777,
          75.840907
        ]
      },
      {
        "date": "2025-08-08",
        "close": 81.930534,
        "volume": 9095448,
        "typical_volume": 7121548.65,
        "trend": 74.47972,
        "fair_value": 69.32168,
        "relative_strength": 13.397583,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.13505,
        "energy": 60.857696,
        "activity_lines": [
          80.610989,
          78.017873,
          76.805781,
          76.379367
        ]
      },
      {
        "date": "2025-08-15",
        "close": 88.484978,
        "volume": 8733693,
        "typical_volume": 7144523.8,
        "trend": 75.497714,
        "fair_value": 69.511416,
        "relative_strength": 16.515161,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.796045,
        "energy": 76.574814,
        "activity_lines": [
          83.752991,
          80.267491,
          77.989587,
          77.282932
        ]
      },
      {
        "date": "2025-08-22",
        "close": 96.498192,
        "volume": 23086685,
        "typical_volume": 7988088.05,
        "trend": 76.60647,
        "fair_value": 69.775992,
        "relative_strength": 20.527249,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 86.921749,
        "energy": 82.81338,
        "activity_lines": [
          88.564247,
          83.685475,
          79.892607,
          78.637801
        ]
      },
      {
        "date": "2025-08-29",
        "close": 92.901237,
        "volume": 15037057,
        "typical_volume": 8250249.65,
        "trend": 77.634111,
        "fair_value": 70.000509,
        "relative_strength": 10.518525,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.05024,
        "energy": 79.588736,
        "activity_lines": [
          90.882948,
          86.000905,
          81.3576,
          79.689077
        ]
      },
      {
        "date": "2025-09-05",
        "close": 86.846367,
        "volume": 12891134,
        "typical_volume": 8652957.6,
        "trend": 78.357828,
        "fair_value": 70.162488,
        "relative_strength": 3.905144,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.779081,
        "energy": 69.216525,
        "activity_lines": [
          90.282123,
          86.812762,
          82.129627,
          80.283416
        ]
      },
      {
        "date": "2025-09-12",
        "close": 94.070244,
        "volume": 13314968,
        "typical_volume": 8876168.75,
        "trend": 79.394603,
        "fair_value": 70.390181,
        "relative_strength": 9.335369,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.598024,
        "energy": 59.587778,
        "activity_lines": [
          91.861451,
          88.747122,
          83.480099,
          81.29712
        ]
      },
      {
        "date": "2025-09-19",
        "close": 96.06855,
        "volume": 18099722,
        "typical_volume": 9586809.85,
        "trend": 79.787636,
        "fair_value": 70.63243,
        "relative_strength": 9.984169,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.480632,
        "energy": 49.203922,
        "activity_lines": [
          93.297566,
          90.685115,
          84.934761,
          82.372859
        ]
      },
      {
        "date": "2025-09-26",
        "close": 106.159996,
        "volume": 19852505,
        "typical_volume": 9830875.75,
        "trend": 80.932721,
        "fair_value": 70.964463,
        "relative_strength": 19.464793,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.213374,
        "energy": 55.768502,
        "activity_lines": [
          97.591926,
          94.04681,
          87.253168,
          84.074301
        ]
      },
      {
        "date": "2025-10-03",
        "close": 110.25,
        "volume": 11186156,
        "typical_volume": 9889891.95,
        "trend": 82.060335,
        "fair_value": 71.328218,
        "relative_strength": 20.348148,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.382888,
        "energy": 69.212699,
        "activity_lines": [
          102.605499,
          97.623682,
          89.864379,
          85.965738
        ]
      },
      {
        "date": "2025-10-10",
        "close": 101.699997,
        "volume": 6285108,
        "typical_volume": 9904090.65,
        "trend": 82.656663,
        "fair_value": 71.606859,
        "relative_strength": 11.739996,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.441908,
        "energy": 59.640405,
        "activity_lines": [
          103.612488,
          99.084784,
          91.533694,
          87.232813
        ]
      },
      {
        "date": "2025-10-17",
        "close": 90.099998,
        "volume": 9289729,
        "typical_volume": 10084980.9,
        "trend": 82.805996,
        "fair_value": 71.774978,
        "relative_strength": 3.75704,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.901455,
        "energy": 44.100365,
        "activity_lines": [
          99.762568,
          98.1046,
          91.988246,
          87.713029
        ]
      },
      {
        "date": "2025-10-24",
        "close": 92.400002,
        "volume": 6363973,
        "typical_volume": 10188184.55,
        "trend": 83.24414,
        "fair_value": 71.960789,
        "relative_strength": 1.170053,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 43.330653,
        "energy": 29.419196,
        "activity_lines": [
          96.943999,
          97.394063,
          92.577768,
          88.331997
        ]
      },
      {
        "date": "2025-10-31",
        "close": 92.389999,
        "volume": 7245430,
        "typical_volume": 10204102.4,
        "trend": 83.775426,
        "fair_value": 72.143193,
        "relative_strength": -0.052793,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.120725,
        "energy": 20.050253,
        "activity_lines": [
          94.366666,
          96.610525,
          93.072114,
          88.922052
        ]
      },
      {
        "date": "2025-11-07",
        "close": 88.93,
        "volume": 4111593,
        "typical_volume": 10051629.1,
        "trend": 84.457222,
        "fair_value": 72.291748,
        "relative_strength": -4.341118,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 26.005427,
        "energy": 21.32905,
        "activity_lines": [
          91.554,
          95.27259,
          93.139018,
          89.254605
        ]
      },
      {
        "date": "2025-11-14",
        "close": 87.0,
        "volume": 4375194,
        "typical_volume": 9958750.5,
        "trend": 85.229152,
        "fair_value": 72.420768,
        "relative_strength": -5.45861,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 16.155552,
        "energy": 16.697834,
        "activity_lines": [
          89.519333,
          93.655951,
          92.935558,
          89.418655
        ]
      },
      {
        "date": "2025-11-21",
        "close": 80.699997,
        "volume": 3611316,
        "typical_volume": 9920940.85,
        "trend": 85.386351,
        "fair_value": 72.492762,
        "relative_strength": -7.849769,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -7.7275,
        "energy": 19.274385,
        "activity_lines": [
          86.364666,
          90.891064,
          92.08136,
          89.126452
        ]
      },
      {
        "date": "2025-11-28",
        "close": 83.349998,
        "volume": 4140286,
        "typical_volume": 9931451.25,
        "trend": 85.643816,
        "fair_value": 72.586358,
        "relative_strength": -8.232407,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -21.051532,
        "energy": 28.22349,
        "activity_lines": [
          84.719998,
          88.85109,
          91.449005,
          88.995074
        ]
      },
      {
        "date": "2025-12-05",
        "close": 86.300003,
        "volume": 6029016,
        "typical_volume": 9889755.45,
        "trend": 85.658858,
        "fair_value": 72.703569,
        "relative_strength": -6.304217,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -17.985107,
        "energy": 30.690417,
        "activity_lines": [
          84.662,
          87.578727,
          91.050498,
          89.037409
        ]
      },
      {
        "date": "2025-12-12",
        "close": 84.82,
        "volume": 4915066,
        "typical_volume": 9802637.0,
        "trend": 85.704453,
        "fair_value": 72.806251,
        "relative_strength": -8.792574,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -18.583808,
        "energy": 34.997335,
        "activity_lines": [
          84.516667,
          86.398363,
          90.467202,
          88.983289
        ]
      },
      {
        "date": "2025-12-19",
        "close": 83.040001,
        "volume": 3494083,
        "typical_volume": 9557908.1,
        "trend": 85.852474,
        "fair_value": 72.892249,
        "relative_strength": -10.06122,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -21.349785,
        "energy": 27.900107,
        "activity_lines": [
          84.052,
          85.356727,
          89.688491,
          88.811389
        ]
      },
      {
        "date": "2025-12-26",
        "close": 83.300003,
        "volume": 4673953,
        "typical_volume": 9336833.35,
        "trend": 86.214345,
        "fair_value": 72.97898,
        "relative_strength": -12.92674,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -20.759215,
        "energy": 22.060219,
        "activity_lines": [
          83.938002,
          84.701637,
          88.936395,
          88.646713
        ]
      },
      {
        "date": "2026-01-02",
        "close": 86.339996,
        "volume": 4317330,
        "typical_volume": 9116015.2,
        "trend": 86.671914,
        "fair_value": 73.089401,
        "relative_strength": -9.482523,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -25.904709,
        "energy": 21.972048,
        "activity_lines": [
          84.664,
          84.722909,
          88.467302,
          88.65482
        ]
      },
      {
        "date": "2026-01-09",
        "close": 88.5,
        "volume": 8310527,
        "typical_volume": 8377207.3,
        "trend": 87.227669,
        "fair_value": 73.215718,
        "relative_strength": -11.284774,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -12.182954,
        "energy": 12.653212,
        "activity_lines": [
          85.910666,
          85.247091,
          88.214137,
          88.772761
        ]
      },
      {
        "date": "2026-01-16",
        "close": 90.18,
        "volume": 8834090,
        "typical_volume": 8067058.95,
        "trend": 87.875224,
        "fair_value": 73.353639,
        "relative_strength": -10.768054,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 0.705872,
        "energy": 9.242143,
        "activity_lines": [
          87.570666,
          86.147454,
          88.159059,
          88.963234
        ]
      },
      {
        "date": "2026-01-23",
        "close": 91.449997,
        "volume": 9161790,
        "typical_volume": 7880591.75,
        "trend": 88.378714,
        "fair_value": 73.499577,
        "relative_strength": -10.551251,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 12.737181,
        "energy": 17.974196,
        "activity_lines": [
          89.296665,
          87.255999,
          88.237892,
          89.193864
        ]
      },
      {
        "date": "2026-01-30",
        "close": 88.220001,
        "volume": 21349207,
        "typical_volume": 8282303.7,
        "trend": 88.843147,
        "fair_value": 73.617341,
        "relative_strength": -12.314003,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 5.16932,
        "energy": 12.217465,
        "activity_lines": [
          89.385333,
          87.696363,
          87.987183,
          89.183625
        ]
      },
      {
        "date": "2026-02-06",
        "close": 83.0,
        "volume": 7085298,
        "typical_volume": 7731582.5,
        "trend": 89.161223,
        "fair_value": 73.691806,
        "relative_strength": -15.684139,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -39.685915,
        "energy": 18.709854,
        "activity_lines": [
          87.406,
          87.050909,
          87.26719,
          88.806648
        ]
      },
      {
        "date": "2026-02-13",
        "close": 85.25,
        "volume": 6522706,
        "typical_volume": 7065092.55,
        "trend": 89.433069,
        "fair_value": 73.782816,
        "relative_strength": -14.630352,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -43.921118,
        "energy": 20.537816,
        "activity_lines": [
          86.399333,
          86.820909,
          86.823714,
          88.554311
        ]
      },
      {
        "date": "2026-02-27",
        "close": 87.699997,
        "volume": 4732352,
        "typical_volume": 6742402.35,
        "trend": 89.710312,
        "fair_value": 73.891544,
        "relative_strength": -14.192713,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -32.194078,
        "energy": 20.029956,
        "activity_lines": [
          86.425999,
          87.055454,
          86.713142,
          88.4425
        ]
      },
      {
        "date": "2026-03-06",
        "close": 88.019997,
        "volume": 11223686,
        "typical_volume": 6989331.25,
        "trend": 89.863336,
        "fair_value": 74.001066,
        "relative_strength": -11.786282,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -32.345432,
        "energy": 18.873221,
        "activity_lines": [
          86.724665,
          87.295817,
          86.740428,
          88.333447
        ]
      },
      {
        "date": "2026-03-13",
        "close": 89.849998,
        "volume": 13081982,
        "typical_volume": 7178943.9,
        "trend": 90.127318,
        "fair_value": 74.122981,
        "relative_strength": -10.449308,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -13.619732,
        "energy": 6.880756,
        "activity_lines": [
          87.861998,
          87.778362,
          87.007142,
          88.332586
        ]
      },
      {
        "date": "2026-03-20",
        "close": 77.769997,
        "volume": 10390086,
        "typical_volume": 7380249.55,
        "trend": 89.770152,
        "fair_value": 74.150821,
        "relative_strength": -19.72654,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -62.14053,
        "energy": 29.609068,
        "activity_lines": [
          84.863997,
          85.945453,
          86.12457,
          87.53534
        ]
      },
      {
        "date": "2026-03-27",
        "close": 73.239998,
        "volume": 5883384,
        "typical_volume": 7312147.25,
        "trend": 88.994879,
        "fair_value": 74.143921,
        "relative_strength": -23.252995,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -70.18651,
        "energy": 56.043083,
        "activity_lines": [
          80.704664,
          83.444725,
          84.880237,
          86.468878
        ]
      },
      {
        "date": "2026-04-03",
        "close": 67.010002,
        "volume": 4617809,
        "typical_volume": 7337458.05,
        "trend": 88.131838,
        "fair_value": 74.090282,
        "relative_strength": -27.142896,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.419802,
        "energy": 75.79517,
        "activity_lines": [
          75.269332,
          80.088726,
          83.133761,
          85.050499
        ]
      },
      {
        "date": "2026-04-10",
        "close": 50.923813,
        "volume": 6928178,
        "typical_volume": 7465107.25,
        "trend": 86.934419,
        "fair_value": 73.917398,
        "relative_strength": -47.777476,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -89.651519,
        "energy": 90.179759,
        "activity_lines": [
          65.851271,
          74.229238,
          79.959648,
          82.649981
        ]
      },
      {
        "date": "2026-04-17",
        "close": 52.294182,
        "volume": 7393808,
        "typical_volume": 7654231.85,
        "trend": 85.541884,
        "fair_value": 73.757226,
        "relative_strength": -47.940325,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -83.000859,
        "energy": 93.011195,
        "activity_lines": [
          59.363077,
          69.355747,
          77.087838,
          80.415127
        ]
      },
      {
        "date": "2026-04-24",
        "close": 52.272881,
        "volume": 9057239,
        "typical_volume": 7900079.5,
        "trend": 84.082028,
        "fair_value": 73.599253,
        "relative_strength": -47.701406,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.527473,
        "energy": 91.387626,
        "activity_lines": [
          55.371505,
          65.13158,
          74.349265,
          78.26874
        ]
      },
      {
        "date": "2026-05-01",
        "close": 49.631542,
        "volume": 10416574,
        "typical_volume": 8119457.4,
        "trend": 82.197747,
        "fair_value": 73.424306,
        "relative_strength": -50.268082,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -76.463679,
        "energy": 91.055201,
        "activity_lines": [
          52.199294,
          60.985845,
          71.507122,
          76.046128
        ]
      },
      {
        "date": "2026-05-08",
        "close": 55.595848,
        "volume": 9336185,
        "typical_volume": 8340513.35,
        "trend": 80.375942,
        "fair_value": 73.295115,
        "relative_strength": -45.276883,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.041506,
        "energy": 87.327876,
        "activity_lines": [
          52.589082,
          58.572137,
          69.407619,
          74.329877
        ]
      },
      {
        "date": "2026-05-15",
        "close": 53.984066,
        "volume": 10821197,
        "typical_volume": 8706869.05,
        "trend": 78.785411,
        "fair_value": 73.156186,
        "relative_strength": -46.059194,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.025418,
        "energy": 77.149285,
        "activity_lines": [
          53.202553,
          56.44909,
          67.293777,
          72.627175
        ]
      },
      {
        "date": "2026-05-22",
        "close": 59.806366,
        "volume": 23652004,
        "typical_volume": 9655771.6,
        "trend": 77.775623,
        "fair_value": 73.06083,
        "relative_strength": -39.591011,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.425457,
        "energy": 58.064572,
        "activity_lines": [
          55.552774,
          56.003478,
          65.872801,
          71.40272
        ]
      },
      {
        "date": "2026-05-29",
        "close": 51.108418,
        "volume": 23280754,
        "typical_volume": 10603942.8,
        "trend": 76.399237,
        "fair_value": 72.90514,
        "relative_strength": -47.592453,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.726438,
        "energy": 54.734963,
        "activity_lines": [
          54.502866,
          54.522668,
          63.735323,
          69.682256
        ]
      },
      {
        "date": "2026-06-05",
        "close": 51.761654,
        "volume": 4796250,
        "typical_volume": 10428228.95,
        "trend": 75.044958,
        "fair_value": 72.756242,
        "relative_strength": -45.376597,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -56.756604,
        "energy": 50.029266,
        "activity_lines": [
          53.748335,
          53.645385,
          61.827828,
          68.092734
        ]
      },
      {
        "date": "2026-06-12",
        "close": 48.5,
        "volume": 2390040,
        "typical_volume": 10106026.45,
        "trend": 73.697292,
        "fair_value": 72.586618,
        "relative_strength": -46.976108,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.129343,
        "energy": 58.022939,
        "activity_lines": [
          51.764578,
          52.565589,
          59.784643,
          66.380156
        ]
      },
      {
        "date": "2026-06-19",
        "close": 53.59,
        "volume": 11125764,
        "typical_volume": 10204225.15,
        "trend": 72.583625,
        "fair_value": 72.454697,
        "relative_strength": -44.658611,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.802399,
        "energy": 56.298089,
        "activity_lines": [
          51.950544,
          52.747794,
          58.424697,
          65.082912
        ]
      },
      {
        "date": "2026-06-26",
        "close": 44.669998,
        "volume": 2087777,
        "typical_volume": 9241153.65,
        "trend": 71.382625,
        "fair_value": 72.263078,
        "relative_strength": -52.502499,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -77.869015,
        "energy": 72.066628,
        "activity_lines": [
          49.189448,
          51.259703,
          56.395512,
          63.282032
        ]
      },
      {
        "date": "2026-07-03",
        "close": 53.040001,
        "volume": 3232298,
        "typical_volume": 9048503.65,
        "trend": 70.372292,
        "fair_value": 72.131413,
        "relative_strength": -42.196962,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.527456,
        "energy": 52.203022,
        "activity_lines": [
          50.227443,
          51.432053,
          55.370851,
          62.098637
        ]
      },
      {
        "date": "2026-07-10",
        "close": 45.700001,
        "volume": 10858672,
        "typical_volume": 9265301.95,
        "trend": 69.018959,
        "fair_value": 71.951608,
        "relative_strength": -47.683329,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -72.316186,
        "energy": 57.397334,
        "activity_lines": [
          48.69,
          50.25591,
          53.78981,
          60.506877
        ]
      },
      {
        "date": "2026-07-17",
        "close": 37.669998,
        "volume": 7942796,
        "typical_volume": 9425824.15,
        "trend": 67.447292,
        "fair_value": 71.719975,
        "relative_strength": -52.005839,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -84.066689,
        "energy": 67.119432,
        "activity_lines": [
          44.88,
          47.691248,
          51.632339,
          58.484363
        ]
      },
      {
        "date": "2026-07-24",
        "close": 35.970001,
        "volume": 7347440,
        "typical_volume": 9232011.85,
        "trend": 65.878292,
        "fair_value": 71.480043,
        "relative_strength": -53.705048,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -80.249912,
        "energy": 71.372796,
        "activity_lines": [
          41.225333,
          45.143421,
          49.551202,
          56.45357
        ]
      },
      {
        "date": "2026-07-31",
        "close": 38.419998,
        "volume": 6560475,
        "typical_volume": 8905936.5,
        "trend": 64.382292,
        "fair_value": 71.259642,
        "relative_strength": -49.096426,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.582607,
        "energy": 81.811151,
        "activity_lines": [
          39.561999,
          43.368576,
          47.951256,
          54.682067
        ]
      },
      {
        "date": "2026-08-07",
        "close": 40.950001,
        "volume": 6092539,
        "typical_volume": 8691059.15,
        "trend": 62.869292,
        "fair_value": 71.058916,
        "relative_strength": -47.663504,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.216983,
        "energy": 74.804817,
        "activity_lines": [
          39.158666,
          42.442575,
          46.837166,
          53.170306
        ]
      }
    ],
    "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."
    }
  }
}