{
  "ticker": {
    "uuid": "fb385380-1fc8-4c09-a1da-9f9f01fe6d45",
    "symbol": "SRVR",
    "name": "PACER FDS TR DATA & INFRASTRUCTURE REAL ESTATE ETF",
    "exchange": "NYSEARCA",
    "country": "US",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "SPY",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 96.0,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -33.037,
    "architecture_energy": 38.943,
    "architecture_maturity": 9.819,
    "architecture_confidence": 71.062,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 33.38,
        "rotation_up": 19.81,
        "upward_expansion": 13.09,
        "deceleration": 52.66,
        "rotation_down": 60.83,
        "downward_expansion": 52.42
      },
      "activity_lines": [
        31.264667,
        31.569455,
        32.537776,
        32.650482
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 31.79,
    "trend_reference": 32.529511,
    "distance_from_trend": -0.022734,
    "trend_direction": "Improving",
    "fair_value": 29.233173,
    "distance_from_fair_value": 0.087463,
    "fair_value_direction": "Weakening",
    "relative_strength": -9.673263,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.03191,
    "excess_performance": -0.093715,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.022734,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.03571,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.087463,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.12666,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.096733,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.096436,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.03191,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.612183,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 428938,
      "relative_activity": 1.047608,
      "balance": 0.612183,
      "dry_up": 0.819836,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.042719,
      "annualized_volatility": 0.2236,
      "from_high_reference": -0.110359,
      "from_low_reference": 0.145057
    },
    "levels": {
      "trend_reference": 32.529511,
      "fair_value_reference": 29.233173,
      "structural_low": 30.01,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 4,
        "median_return": 0.02585,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.013099,
        "regime_survival": 0.25,
        "best_return": 0.073806,
        "worst_return": -0.021549,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.023382,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.012284,
        "regime_survival": 0.0,
        "best_return": 0.10001,
        "worst_return": -0.029817,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.101817,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.045335,
        "regime_survival": 0.0,
        "best_return": 0.247226,
        "worst_return": -0.007288,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.086252,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.115217,
        "regime_survival": 0.0,
        "best_return": 0.133763,
        "worst_return": 0.038741,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-02-21",
        "end": "2025-04-04",
        "tenure": "Developing",
        "return": -0.107789,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-05-02",
        "tenure": "New",
        "return": 0.115957,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-09",
        "end": "2025-05-16",
        "tenure": "New",
        "return": 0.008762,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-05-23",
        "end": "2025-06-06",
        "tenure": "New",
        "return": 0.019206,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-13",
        "end": "2025-08-15",
        "tenure": "Developing",
        "return": -0.016399,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-22",
        "end": "2025-10-31",
        "tenure": "Developing",
        "return": -0.014077,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-11-07",
        "end": "2025-11-14",
        "tenure": "New",
        "return": -0.039724,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-21",
        "end": "2026-01-30",
        "tenure": "Developing",
        "return": 0.0889,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-02-06",
        "end": "2026-02-27",
        "tenure": "New",
        "return": 0.081833,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-03-06",
        "end": "2026-03-27",
        "tenure": "New",
        "return": -0.04752,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-04-03",
        "end": "2026-04-17",
        "tenure": "New",
        "return": 0.105164,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-04-24",
        "end": "2026-06-05",
        "tenure": "Developing",
        "return": -0.036063,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-06-12",
        "end": "2026-07-10",
        "tenure": "Developing",
        "return": -0.066251,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-07-17",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.047446,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 25.847986,
        "volume": 389024,
        "typical_volume": 536510.65,
        "trend": 26.917188,
        "fair_value": 31.381154,
        "relative_strength": -11.98884,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -46.173971,
        "energy": 24.246624,
        "activity_lines": [
          26.572701,
          26.796363,
          26.700394,
          26.723886
        ]
      },
      {
        "date": "2023-08-25",
        "close": 25.995636,
        "volume": 355797,
        "typical_volume": 541665.45,
        "trend": 26.820554,
        "fair_value": 31.34042,
        "relative_strength": -11.683436,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -46.576177,
        "energy": 32.956959,
        "activity_lines": [
          26.308162,
          26.645954,
          26.632211,
          26.664431
        ]
      },
      {
        "date": "2023-09-01",
        "close": 26.484726,
        "volume": 309378,
        "typical_volume": 488653.4,
        "trend": 26.738407,
        "fair_value": 31.309727,
        "relative_strength": -11.784531,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -48.305432,
        "energy": 34.506433,
        "activity_lines": [
          26.28786,
          26.60011,
          26.616054,
          26.642765
        ]
      },
      {
        "date": "2023-09-08",
        "close": 26.041776,
        "volume": 207365,
        "typical_volume": 470525.75,
        "trend": 26.662085,
        "fair_value": 31.280123,
        "relative_strength": -11.669683,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -56.941085,
        "energy": 47.489046,
        "activity_lines": [
          26.180198,
          26.462656,
          26.559957,
          26.597821
        ]
      },
      {
        "date": "2023-09-15",
        "close": 26.051004,
        "volume": 277364,
        "typical_volume": 457669.3,
        "trend": 26.598484,
        "fair_value": 31.249288,
        "relative_strength": -11.03531,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.564161,
        "energy": 45.6383,
        "activity_lines": [
          26.114371,
          26.343323,
          26.509138,
          26.558396
        ]
      },
      {
        "date": "2023-09-22",
        "close": 24.866782,
        "volume": 392926,
        "typical_volume": 460052.35,
        "trend": 26.538707,
        "fair_value": 31.21183,
        "relative_strength": -12.084844,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.408073,
        "energy": 63.734324,
        "activity_lines": [
          25.708556,
          26.025791,
          26.350544,
          26.446673
        ]
      },
      {
        "date": "2023-09-29",
        "close": 24.479125,
        "volume": 733247,
        "typical_volume": 478877.7,
        "trend": 26.453594,
        "fair_value": 31.165797,
        "relative_strength": -12.44141,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -82.022878,
        "energy": 77.880866,
        "activity_lines": [
          25.238936,
          25.687701,
          26.165546,
          26.313797
        ]
      },
      {
        "date": "2023-10-06",
        "close": 23.769996,
        "volume": 370018,
        "typical_volume": 469687.85,
        "trend": 26.381177,
        "fair_value": 31.110653,
        "relative_strength": -15.032252,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -85.273038,
        "energy": 85.837866,
        "activity_lines": [
          24.634041,
          25.270399,
          25.923547,
          26.140662
        ]
      },
      {
        "date": "2023-10-13",
        "close": 24.272626,
        "volume": 360292,
        "typical_volume": 386323.6,
        "trend": 26.315523,
        "fair_value": 31.062114,
        "relative_strength": -13.343021,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.605037,
        "energy": 82.712953,
        "activity_lines": [
          24.37767,
          25.010285,
          25.74015,
          26.004626
        ]
      },
      {
        "date": "2023-10-20",
        "close": 22.985227,
        "volume": 1408554,
        "typical_volume": 439893.15,
        "trend": 26.209354,
        "fair_value": 31.008648,
        "relative_strength": -15.646843,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -86.06291,
        "energy": 90.434062,
        "activity_lines": [
          23.810111,
          24.558836,
          25.440482,
          25.789769
        ]
      },
      {
        "date": "2023-10-27",
        "close": 23.429614,
        "volume": 626262,
        "typical_volume": 457798.6,
        "trend": 26.08692,
        "fair_value": 30.966768,
        "relative_strength": -11.552278,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.007673,
        "energy": 83.330304,
        "activity_lines": [
          23.595065,
          24.258859,
          25.199059,
          25.610431
        ]
      },
      {
        "date": "2023-11-03",
        "close": 25.594821,
        "volume": 624654,
        "typical_volume": 472866.75,
        "trend": 26.03544,
        "fair_value": 30.924618,
        "relative_strength": -8.455093,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.107241,
        "energy": 47.019574,
        "activity_lines": [
          24.197566,
          24.396526,
          25.176635,
          25.578682
        ]
      },
      {
        "date": "2023-11-10",
        "close": 24.810051,
        "volume": 312318,
        "typical_volume": 471901.4,
        "trend": 25.963895,
        "fair_value": 30.878903,
        "relative_strength": -12.072351,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -46.464769,
        "energy": 35.109506,
        "activity_lines": [
          24.464097,
          24.398796,
          25.085476,
          25.499625
        ]
      },
      {
        "date": "2023-11-17",
        "close": 26.247597,
        "volume": 379160,
        "typical_volume": 460497.25,
        "trend": 25.939964,
        "fair_value": 30.847139,
        "relative_strength": -8.777286,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -17.872043,
        "energy": 17.796699,
        "activity_lines": [
          25.140474,
          24.692886,
          25.136301,
          25.517928
        ]
      },
      {
        "date": "2023-11-24",
        "close": 26.530871,
        "volume": 296918,
        "typical_volume": 463989.15,
        "trend": 25.920905,
        "fair_value": 30.817811,
        "relative_strength": -8.38357,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -3.370305,
        "energy": 22.781538,
        "activity_lines": [
          25.77961,
          25.034738,
          25.217431,
          25.556051
        ]
      },
      {
        "date": "2023-12-01",
        "close": 27.781017,
        "volume": 657666,
        "typical_volume": 480616.1,
        "trend": 25.944431,
        "fair_value": 30.795764,
        "relative_strength": -4.606991,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 40.377247,
        "energy": 41.763711,
        "activity_lines": [
          26.599086,
          25.595164,
          25.419819,
          25.676058
        ]
      },
      {
        "date": "2023-12-08",
        "close": 27.369344,
        "volume": 519092,
        "typical_volume": 468421.15,
        "trend": 25.967032,
        "fair_value": 30.776038,
        "relative_strength": -5.942289,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 33.890734,
        "energy": 50.633404,
        "activity_lines": [
          26.991243,
          26.027755,
          25.582199,
          25.767988
        ]
      },
      {
        "date": "2023-12-15",
        "close": 27.542656,
        "volume": 451253,
        "typical_volume": 468871.15,
        "trend": 26.017653,
        "fair_value": 30.753027,
        "relative_strength": -7.23152,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 31.684609,
        "energy": 58.596966,
        "activity_lines": [
          27.32287,
          26.439308,
          25.760343,
          25.869641
        ]
      },
      {
        "date": "2023-12-22",
        "close": 27.874433,
        "volume": 479590,
        "typical_volume": 473927.05,
        "trend": 26.09335,
        "fair_value": 30.732654,
        "relative_strength": -6.650045,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 35.545035,
        "energy": 62.379533,
        "activity_lines": [
          27.582915,
          26.84259,
          25.969354,
          25.989434
        ]
      },
      {
        "date": "2023-12-29",
        "close": 28.185504,
        "volume": 313595,
        "typical_volume": 473223.65,
        "trend": 26.155237,
        "fair_value": 30.710426,
        "relative_strength": -5.630369,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 45.898959,
        "energy": 63.178902,
        "activity_lines": [
          27.838195,
          27.236943,
          26.202033,
          26.124411
        ]
      },
      {
        "date": "2024-01-05",
        "close": 27.540008,
        "volume": 195200,
        "typical_volume": 463532.45,
        "trend": 26.202723,
        "fair_value": 30.688984,
        "relative_strength": -5.971251,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 63.702879,
        "energy": 59.504211,
        "activity_lines": [
          27.768001,
          27.419382,
          26.366982,
          26.213751
        ]
      },
      {
        "date": "2024-01-12",
        "close": 27.632384,
        "volume": 449675,
        "typical_volume": 468226.35,
        "trend": 26.228608,
        "fair_value": 30.666267,
        "relative_strength": -6.968774,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.290309,
        "energy": 51.227203,
        "activity_lines": [
          27.744666,
          27.543883,
          26.532672,
          26.305988
        ]
      },
      {
        "date": "2024-01-19",
        "close": 26.815846,
        "volume": 389116,
        "typical_volume": 472213.25,
        "trend": 26.259947,
        "fair_value": 30.633279,
        "relative_strength": -10.307015,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 47.350786,
        "energy": 35.863747,
        "activity_lines": [
          27.431615,
          27.482875,
          26.612802,
          26.343874
        ]
      },
      {
        "date": "2024-01-26",
        "close": 27.088719,
        "volume": 405570,
        "typical_volume": 482123.5,
        "trend": 26.2647,
        "fair_value": 30.601926,
        "relative_strength": -9.85181,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 41.727434,
        "energy": 26.50245,
        "activity_lines": [
          27.257977,
          27.435012,
          26.717344,
          26.397343
        ]
      },
      {
        "date": "2024-02-02",
        "close": 27.003623,
        "volume": 365555,
        "typical_volume": 486533.05,
        "trend": 26.265078,
        "fair_value": 30.564595,
        "relative_strength": -10.933848,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.003744,
        "energy": 22.728201,
        "activity_lines": [
          27.108354,
          27.356384,
          26.808795,
          26.445016
        ]
      },
      {
        "date": "2024-02-09",
        "close": 27.088719,
        "volume": 389568,
        "typical_volume": 486365.15,
        "trend": 26.247613,
        "fair_value": 30.529676,
        "relative_strength": -11.417428,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.046497,
        "energy": 23.371136,
        "activity_lines": [
          27.065888,
          27.284632,
          26.903815,
          26.498154
        ]
      },
      {
        "date": "2024-02-16",
        "close": 26.701723,
        "volume": 1576526,
        "typical_volume": 528529.1,
        "trend": 26.230545,
        "fair_value": 30.496296,
        "relative_strength": -11.936568,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 31.90729,
        "energy": 21.06439,
        "activity_lines": [
          26.92451,
          27.155105,
          26.951397,
          26.527451
        ]
      },
      {
        "date": "2024-02-23",
        "close": 27.268365,
        "volume": 276292,
        "typical_volume": 523842.8,
        "trend": 26.226521,
        "fair_value": 30.473113,
        "relative_strength": -11.133742,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.709734,
        "energy": 19.107598,
        "activity_lines": [
          27.034056,
          27.140742,
          27.042362,
          26.594407
        ]
      },
      {
        "date": "2024-03-01",
        "close": 27.920763,
        "volume": 412247,
        "typical_volume": 526440.55,
        "trend": 26.269775,
        "fair_value": 30.464073,
        "relative_strength": -9.506992,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 64.809193,
        "energy": 36.260387,
        "activity_lines": [
          27.3309,
          27.249984,
          27.1788,
          26.703713
        ]
      },
      {
        "date": "2024-03-08",
        "close": 28.374605,
        "volume": 350991,
        "typical_volume": 473562.4,
        "trend": 26.319852,
        "fair_value": 30.447472,
        "relative_strength": -7.454214,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 72.711899,
        "energy": 55.316531,
        "activity_lines": [
          27.723556,
          27.4409,
          27.34109,
          26.839509
        ]
      },
      {
        "date": "2024-03-15",
        "close": 27.258909,
        "volume": 345366,
        "typical_volume": 459517.6,
        "trend": 26.366882,
        "fair_value": 30.42355,
        "relative_strength": -10.618491,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.25864,
        "energy": 49.522366,
        "activity_lines": [
          27.652914,
          27.425525,
          27.371459,
          26.900093
        ]
      },
      {
        "date": "2024-03-22",
        "close": 26.879332,
        "volume": 612888,
        "typical_volume": 458929.3,
        "trend": 26.396339,
        "fair_value": 30.39047,
        "relative_strength": -13.355155,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 39.088844,
        "energy": 30.917733,
        "activity_lines": [
          27.4444,
          27.346246,
          27.347443,
          26.933154
        ]
      },
      {
        "date": "2024-03-29",
        "close": 27.250278,
        "volume": 283083,
        "typical_volume": 457467.55,
        "trend": 26.421857,
        "fair_value": 30.35744,
        "relative_strength": -12.043505,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 27.303448,
        "energy": 19.158432,
        "activity_lines": [
          27.347695,
          27.348103,
          27.352639,
          26.988247
        ]
      },
      {
        "date": "2024-04-05",
        "close": 26.251577,
        "volume": 393091,
        "typical_volume": 458164.1,
        "trend": 26.428851,
        "fair_value": 30.318916,
        "relative_strength": -14.043899,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": -5.818668,
        "energy": 15.051516,
        "activity_lines": [
          26.919294,
          27.16048,
          27.2511,
          26.977261
        ]
      },
      {
        "date": "2024-04-12",
        "close": 25.517008,
        "volume": 371101,
        "typical_volume": 461873.25,
        "trend": 26.411051,
        "fair_value": 30.270458,
        "relative_strength": -14.7542,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -37.760815,
        "energy": 36.762609,
        "activity_lines": [
          26.357317,
          26.85452,
          27.079583,
          26.918433
        ]
      },
      {
        "date": "2024-04-19",
        "close": 24.967532,
        "volume": 338714,
        "typical_volume": 445925.65,
        "trend": 26.414409,
        "fair_value": 30.212401,
        "relative_strength": -13.494075,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -46.003669,
        "energy": 64.40335,
        "activity_lines": [
          25.802687,
          26.475685,
          26.860564,
          26.825303
        ]
      },
      {
        "date": "2024-04-26",
        "close": 25.367013,
        "volume": 245518,
        "typical_volume": 432246.95,
        "trend": 26.444005,
        "fair_value": 30.156249,
        "relative_strength": -13.915137,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -43.024181,
        "energy": 69.173434,
        "activity_lines": [
          25.533977,
          26.208049,
          26.692987,
          26.757729
        ]
      },
      {
        "date": "2024-05-03",
        "close": 25.300433,
        "volume": 277237,
        "typical_volume": 423546.15,
        "trend": 26.49502,
        "fair_value": 30.10345,
        "relative_strength": -14.163358,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -39.743316,
        "energy": 68.840986,
        "activity_lines": [
          25.343894,
          25.952575,
          26.528605,
          26.68395
        ]
      },
      {
        "date": "2024-05-10",
        "close": 25.899654,
        "volume": 223663,
        "typical_volume": 410749.8,
        "trend": 26.549254,
        "fair_value": 30.056365,
        "relative_strength": -13.276719,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -36.364955,
        "energy": 57.076431,
        "activity_lines": [
          25.483541,
          25.841831,
          26.431968,
          26.645539
        ]
      },
      {
        "date": "2024-05-17",
        "close": 26.810279,
        "volume": 332356,
        "typical_volume": 411687.85,
        "trend": 26.676756,
        "fair_value": 30.012165,
        "relative_strength": -11.31763,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -40.652899,
        "energy": 29.264782,
        "activity_lines": [
          25.950191,
          25.933403,
          26.431461,
          26.662379
        ]
      },
      {
        "date": "2024-05-24",
        "close": 25.884721,
        "volume": 250477,
        "typical_volume": 414451.7,
        "trend": 26.758593,
        "fair_value": 29.958283,
        "relative_strength": -14.00233,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -41.034421,
        "energy": 23.901959,
        "activity_lines": [
          26.022104,
          25.885134,
          26.349355,
          26.61128
        ]
      },
      {
        "date": "2024-05-31",
        "close": 26.384357,
        "volume": 230259,
        "typical_volume": 403480.9,
        "trend": 26.784911,
        "fair_value": 29.900674,
        "relative_strength": -11.627814,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -34.38157,
        "energy": 22.778943,
        "activity_lines": [
          26.199416,
          25.952693,
          26.322715,
          26.587136
        ]
      },
      {
        "date": "2024-06-07",
        "close": 26.156463,
        "volume": 237666,
        "typical_volume": 395908.4,
        "trend": 26.829791,
        "fair_value": 29.834051,
        "relative_strength": -13.107049,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -31.5441,
        "energy": 22.015956,
        "activity_lines": [
          26.232941,
          25.987816,
          26.280314,
          26.546591
        ]
      },
      {
        "date": "2024-06-14",
        "close": 26.232554,
        "volume": 239476,
        "typical_volume": 387603.7,
        "trend": 26.82929,
        "fair_value": 29.771233,
        "relative_strength": -13.867377,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -31.398606,
        "energy": 16.227069,
        "activity_lines": [
          26.234761,
          26.056662,
          26.2483,
          26.50806
        ]
      },
      {
        "date": "2024-06-21",
        "close": 25.882533,
        "volume": 277030,
        "typical_volume": 383177.45,
        "trend": 26.807678,
        "fair_value": 29.706517,
        "relative_strength": -15.18169,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -38.456918,
        "energy": 18.057771,
        "activity_lines": [
          26.097714,
          26.062213,
          26.187027,
          26.446979
        ]
      },
      {
        "date": "2024-06-28",
        "close": 26.263749,
        "volume": 466954,
        "typical_volume": 387046.75,
        "trend": 26.757103,
        "fair_value": 29.644301,
        "relative_strength": -13.489255,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -33.573382,
        "energy": 16.362108,
        "activity_lines": [
          26.149588,
          26.13043,
          26.167399,
          26.411886
        ]
      },
      {
        "date": "2024-07-05",
        "close": 26.436663,
        "volume": 163379,
        "typical_volume": 316389.4,
        "trend": 26.726013,
        "fair_value": 29.579887,
        "relative_strength": -14.118974,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -18.178649,
        "energy": 9.186679,
        "activity_lines": [
          26.233832,
          26.206519,
          26.168168,
          26.391213
        ]
      },
      {
        "date": "2024-07-12",
        "close": 27.858402,
        "volume": 385723,
        "typical_volume": 321860.95,
        "trend": 26.736538,
        "fair_value": 29.524416,
        "relative_strength": -9.97268,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 34.11355,
        "energy": 27.726215,
        "activity_lines": [
          26.788502,
          26.521657,
          26.305603,
          26.46427
        ]
      },
      {
        "date": "2024-07-19",
        "close": 27.464542,
        "volume": 268689,
        "typical_volume": 314683.05,
        "trend": 26.722875,
        "fair_value": 29.46927,
        "relative_strength": -9.11914,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 28.555254,
        "energy": 46.02922,
        "activity_lines": [
          27.098423,
          26.718676,
          26.402717,
          26.511238
        ]
      },
      {
        "date": "2024-07-26",
        "close": 27.378181,
        "volume": 167551,
        "typical_volume": 305511.05,
        "trend": 26.695964,
        "fair_value": 29.414426,
        "relative_strength": -8.31149,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 24.326034,
        "energy": 51.64116,
        "activity_lines": [
          27.297424,
          26.871541,
          26.493779,
          26.553516
        ]
      },
      {
        "date": "2024-08-02",
        "close": 28.416531,
        "volume": 278347,
        "typical_volume": 302160.1,
        "trend": 26.725182,
        "fair_value": 29.36259,
        "relative_strength": -2.530663,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 53.812915,
        "energy": 69.678717,
        "activity_lines": [
          27.742831,
          27.202871,
          26.688476,
          26.66452
        ]
      },
      {
        "date": "2024-08-09",
        "close": 27.973678,
        "volume": 271226,
        "typical_volume": 285077.0,
        "trend": 26.736558,
        "fair_value": 29.307743,
        "relative_strength": -3.772843,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 67.130044,
        "energy": 72.432532,
        "activity_lines": [
          27.897103,
          27.407649,
          26.835485,
          26.745068
        ]
      },
      {
        "date": "2024-08-16",
        "close": 28.261869,
        "volume": 319158,
        "typical_volume": 286880.75,
        "trend": 26.784759,
        "fair_value": 29.253075,
        "relative_strength": -6.221042,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.900892,
        "energy": 74.402008,
        "activity_lines": [
          28.04497,
          27.635929,
          27.004729,
          26.843475
        ]
      },
      {
        "date": "2024-08-23",
        "close": 29.220005,
        "volume": 233164,
        "typical_volume": 278884.4,
        "trend": 26.855802,
        "fair_value": 29.206104,
        "relative_strength": -4.121453,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.791714,
        "energy": 86.074555,
        "activity_lines": [
          28.485319,
          28.000135,
          27.260406,
          27.000588
        ]
      },
      {
        "date": "2024-08-30",
        "close": 29.039983,
        "volume": 349544,
        "typical_volume": 277806.55,
        "trend": 26.923681,
        "fair_value": 29.145948,
        "relative_strength": -4.703525,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.879319,
        "energy": 83.146812,
        "activity_lines": [
          28.748629,
          28.277293,
          27.484804,
          27.141503
        ]
      },
      {
        "date": "2024-09-06",
        "close": 29.356992,
        "volume": 196734,
        "typical_volume": 270707.55,
        "trend": 26.99929,
        "fair_value": 29.097632,
        "relative_strength": 0.671431,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.739181,
        "energy": 85.398929,
        "activity_lines": [
          29.006822,
          28.554681,
          27.722617,
          27.298491
        ]
      },
      {
        "date": "2024-09-13",
        "close": 30.471328,
        "volume": 1399168,
        "typical_volume": 328390.05,
        "trend": 27.124943,
        "fair_value": 29.055032,
        "relative_strength": 0.652225,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 89.305495,
        "energy": 93.615892,
        "activity_lines": [
          29.573762,
          28.978434,
          28.045655,
          27.522493
        ]
      },
      {
        "date": "2024-09-20",
        "close": 30.51936,
        "volume": 230677,
        "typical_volume": 326062.05,
        "trend": 27.23331,
        "fair_value": 29.018613,
        "relative_strength": -0.429616,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.312677,
        "energy": 90.437882,
        "activity_lines": [
          29.990204,
          29.337563,
          28.348961,
          27.741488
        ]
      },
      {
        "date": "2024-09-27",
        "close": 30.918341,
        "volume": 371741,
        "typical_volume": 333465.95,
        "trend": 27.333229,
        "fair_value": 28.993042,
        "relative_strength": 0.444692,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.633727,
        "energy": 91.104475,
        "activity_lines": [
          30.38914,
          29.720853,
          28.665413,
          27.979232
        ]
      },
      {
        "date": "2024-10-04",
        "close": 30.657956,
        "volume": 358366,
        "typical_volume": 334766.45,
        "trend": 27.409341,
        "fair_value": 28.969863,
        "relative_strength": -0.572026,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.996239,
        "energy": 85.935728,
        "activity_lines": [
          30.588058,
          29.994003,
          28.933168,
          28.19373
        ]
      },
      {
        "date": "2024-10-11",
        "close": 30.497674,
        "volume": 319254,
        "typical_volume": 338205.3,
        "trend": 27.5173,
        "fair_value": 28.941081,
        "relative_strength": -2.064377,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.561877,
        "energy": 80.519458,
        "activity_lines": [
          30.625684,
          30.17838,
          29.167336,
          28.392978
        ]
      },
      {
        "date": "2024-10-18",
        "close": 31.140151,
        "volume": 167352,
        "typical_volume": 335059.95,
        "trend": 27.659327,
        "fair_value": 28.907497,
        "relative_strength": -0.785649,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 77.002295,
        "energy": 74.980731,
        "activity_lines": [
          30.801424,
          30.441731,
          29.440726,
          28.62671
        ]
      },
      {
        "date": "2024-10-25",
        "close": 31.246233,
        "volume": 227168,
        "typical_volume": 334535.05,
        "trend": 27.792525,
        "fair_value": 28.875451,
        "relative_strength": 0.645758,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 74.282411,
        "energy": 67.049473,
        "activity_lines": [
          30.967936,
          30.666798,
          29.701572,
          28.858123
        ]
      },
      {
        "date": "2024-11-01",
        "close": 30.127541,
        "volume": 227838,
        "typical_volume": 333953.15,
        "trend": 27.921724,
        "fair_value": 28.836748,
        "relative_strength": -1.353245,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 63.088564,
        "energy": 56.941222,
        "activity_lines": [
          30.713093,
          30.634205,
          29.831639,
          29.008769
        ]
      },
      {
        "date": "2024-11-08",
        "close": 30.175761,
        "volume": 408080,
        "typical_volume": 340505.65,
        "trend": 28.077016,
        "fair_value": 28.797211,
        "relative_strength": -5.454512,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 50.418993,
        "energy": 46.222947,
        "activity_lines": [
          30.527043,
          30.593878,
          29.947751,
          29.154191
        ]
      },
      {
        "date": "2024-11-15",
        "close": 29.43318,
        "volume": 359813,
        "typical_volume": 335148.6,
        "trend": 28.225871,
        "fair_value": 28.753714,
        "relative_strength": -5.5241,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 41.560204,
        "energy": 29.221647,
        "activity_lines": [
          30.125612,
          30.397887,
          29.972697,
          29.241686
        ]
      },
      {
        "date": "2024-11-22",
        "close": 30.05039,
        "volume": 211614,
        "typical_volume": 337560.35,
        "trend": 28.381983,
        "fair_value": 28.71446,
        "relative_strength": -4.827888,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.844583,
        "energy": 26.027372,
        "activity_lines": [
          30.000885,
          30.31273,
          30.041333,
          29.359397
        ]
      },
      {
        "date": "2024-11-29",
        "close": 30.937629,
        "volume": 190925,
        "typical_volume": 327820.45,
        "trend": 28.56989,
        "fair_value": 28.683409,
        "relative_strength": -2.810639,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 51.741792,
        "energy": 27.790455,
        "activity_lines": [
          30.244554,
          30.396543,
          30.177259,
          29.524277
        ]
      },
      {
        "date": "2024-12-06",
        "close": 30.84119,
        "volume": 254685,
        "typical_volume": 327120.25,
        "trend": 28.734608,
        "fair_value": 28.646422,
        "relative_strength": -3.617428,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 59.305369,
        "energy": 34.229593,
        "activity_lines": [
          30.47665,
          30.455216,
          30.289337,
          29.670812
        ]
      },
      {
        "date": "2024-12-13",
        "close": 29.915375,
        "volume": 337726,
        "typical_volume": 335629.0,
        "trend": 28.838111,
        "fair_value": 28.599611,
        "relative_strength": -5.61828,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 48.7562,
        "energy": 31.199774,
        "activity_lines": [
          30.352565,
          30.346963,
          30.297164,
          29.746991
        ]
      },
      {
        "date": "2024-12-20",
        "close": 28.603805,
        "volume": 476971,
        "typical_volume": 345560.2,
        "trend": 28.928747,
        "fair_value": 28.542723,
        "relative_strength": -7.689832,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -3.432527,
        "energy": 5.232613,
        "activity_lines": [
          29.80865,
          30.013743,
          30.167997,
          29.731874
        ]
      },
      {
        "date": "2024-12-27",
        "close": 28.791033,
        "volume": 249321,
        "typical_volume": 344464.95,
        "trend": 29.00897,
        "fair_value": 28.479122,
        "relative_strength": -7.291385,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -6.904037,
        "energy": 19.383589,
        "activity_lines": [
          29.382435,
          29.748999,
          30.055769,
          29.72299
        ]
      },
      {
        "date": "2025-01-03",
        "close": 29.167576,
        "volume": 263635,
        "typical_volume": 341688.8,
        "trend": 29.10934,
        "fair_value": 28.437029,
        "relative_strength": -5.232448,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 2.335206,
        "energy": 24.427311,
        "activity_lines": [
          29.165691,
          29.595429,
          29.975511,
          29.733222
        ]
      },
      {
        "date": "2025-01-10",
        "close": 28.086223,
        "volume": 317500,
        "typical_volume": 345905.6,
        "trend": 29.171129,
        "fair_value": 28.396949,
        "relative_strength": -6.587486,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -35.343401,
        "energy": 53.677979,
        "activity_lines": [
          28.7065,
          29.283042,
          29.787953,
          29.667215
        ]
      },
      {
        "date": "2025-01-17",
        "close": 29.177231,
        "volume": 612756,
        "typical_volume": 359066.2,
        "trend": 29.280952,
        "fair_value": 28.370226,
        "relative_strength": -5.471898,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -20.16004,
        "energy": 42.030716,
        "activity_lines": [
          28.794643,
          29.206136,
          29.7097,
          29.667608
        ]
      },
      {
        "date": "2025-01-24",
        "close": 29.418604,
        "volume": 280975,
        "typical_volume": 363278.25,
        "trend": 29.386114,
        "fair_value": 28.347976,
        "relative_strength": -6.042329,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -25.805867,
        "energy": 23.869963,
        "activity_lines": [
          29.012453,
          29.19127,
          29.653782,
          29.676489
        ]
      },
      {
        "date": "2025-01-31",
        "close": 28.366216,
        "volume": 369153,
        "typical_volume": 311777.5,
        "trend": 29.450433,
        "fair_value": 28.317603,
        "relative_strength": -8.196883,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -37.577015,
        "energy": 30.305089,
        "activity_lines": [
          28.825147,
          28.985327,
          29.497343,
          29.610689
        ]
      },
      {
        "date": "2025-02-07",
        "close": 29.128956,
        "volume": 240874,
        "typical_volume": 312287.35,
        "trend": 29.492784,
        "fair_value": 28.297451,
        "relative_strength": -5.341873,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -22.071252,
        "energy": 17.334604,
        "activity_lines": [
          28.920409,
          28.948685,
          29.42357,
          29.589949
        ]
      },
      {
        "date": "2025-02-14",
        "close": 29.891696,
        "volume": 215063,
        "typical_volume": 304453.45,
        "trend": 29.57369,
        "fair_value": 28.285056,
        "relative_strength": -4.101847,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -0.580889,
        "energy": 4.831453,
        "activity_lines": [
          29.272493,
          29.083607,
          29.429059,
          29.615685
        ]
      },
      {
        "date": "2025-02-21",
        "close": 30.316514,
        "volume": 223362,
        "typical_volume": 297703.25,
        "trend": 29.671634,
        "fair_value": 28.267931,
        "relative_strength": -1.013351,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -11.797941,
        "energy": 10.899817,
        "activity_lines": [
          29.645817,
          29.313033,
          29.479897,
          29.663609
        ]
      },
      {
        "date": "2025-02-28",
        "close": 29.997901,
        "volume": 215213,
        "typical_volume": 292501.2,
        "trend": 29.724346,
        "fair_value": 28.245208,
        "relative_strength": -0.930478,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 3.465379,
        "energy": 14.7525,
        "activity_lines": [
          29.836985,
          29.477236,
          29.502016,
          29.684659
        ]
      },
      {
        "date": "2025-03-07",
        "close": 29.720688,
        "volume": 272203,
        "typical_volume": 297743.75,
        "trend": 29.78258,
        "fair_value": 28.227531,
        "relative_strength": 1.440414,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 10.237887,
        "energy": 17.834172,
        "activity_lines": [
          29.897129,
          29.565689,
          29.500114,
          29.684423
        ]
      },
      {
        "date": "2025-03-14",
        "close": 29.662602,
        "volume": 410877,
        "typical_volume": 306929.2,
        "trend": 29.829271,
        "fair_value": 28.199849,
        "relative_strength": 3.650574,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 10.50164,
        "energy": 14.916517,
        "activity_lines": [
          29.847613,
          29.626679,
          29.499439,
          29.676682
        ]
      },
      {
        "date": "2025-03-21",
        "close": 29.072061,
        "volume": 164459,
        "typical_volume": 303760.25,
        "trend": 29.82434,
        "fair_value": 28.168553,
        "relative_strength": 1.098259,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -31.908959,
        "energy": 13.467176,
        "activity_lines": [
          29.565673,
          29.571297,
          29.450063,
          29.62783
        ]
      },
      {
        "date": "2025-03-28",
        "close": 28.336304,
        "volume": 200178,
        "typical_volume": 293365.15,
        "trend": 29.800884,
        "fair_value": 28.120902,
        "relative_strength": 0.081636,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -48.985402,
        "energy": 30.756827,
        "activity_lines": [
          29.093123,
          29.364216,
          29.335642,
          29.531828
        ]
      },
      {
        "date": "2025-04-04",
        "close": 27.04873,
        "volume": 341128,
        "typical_volume": 292430.9,
        "trend": 29.723942,
        "fair_value": 28.065341,
        "relative_strength": 4.970197,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -75.099811,
        "energy": 65.553506,
        "activity_lines": [
          28.323396,
          28.938321,
          29.107353,
          29.354269
        ]
      },
      {
        "date": "2025-04-11",
        "close": 27.300437,
        "volume": 394865,
        "typical_volume": 301593.45,
        "trend": 29.618245,
        "fair_value": 28.015579,
        "relative_strength": 0.239519,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -70.133887,
        "energy": 71.654898,
        "activity_lines": [
          27.834183,
          28.601279,
          28.914392,
          29.197914
        ]
      },
      {
        "date": "2025-04-18",
        "close": 28.307261,
        "volume": 132061,
        "typical_volume": 298650.25,
        "trend": 29.544509,
        "fair_value": 27.973246,
        "relative_strength": 5.315403,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.339189,
        "energy": 68.593456,
        "activity_lines": [
          27.841927,
          28.466674,
          28.830413,
          29.113335
        ]
      },
      {
        "date": "2025-04-25",
        "close": 28.742906,
        "volume": 241776,
        "typical_volume": 298004.8,
        "trend": 29.471994,
        "fair_value": 27.943223,
        "relative_strength": 2.166921,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.168114,
        "energy": 55.95674,
        "activity_lines": [
          28.085243,
          28.426217,
          28.800449,
          29.061618
        ]
      },
      {
        "date": "2025-05-02",
        "close": 30.466126,
        "volume": 1349107,
        "typical_volume": 348573.85,
        "trend": 29.4656,
        "fair_value": 27.928834,
        "relative_strength": 5.067957,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -12.022533,
        "energy": 7.039255,
        "activity_lines": [
          28.924909,
          28.71996,
          28.944594,
          29.125756
        ]
      },
      {
        "date": "2025-05-09",
        "close": 30.195057,
        "volume": 238427,
        "typical_volume": 336646.65,
        "trend": 29.455513,
        "fair_value": 27.92062,
        "relative_strength": 4.456102,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 10.837362,
        "energy": 19.942721,
        "activity_lines": [
          29.532231,
          28.961697,
          29.0603,
          29.172818
        ]
      },
      {
        "date": "2025-05-16",
        "close": 30.459639,
        "volume": 213063,
        "typical_volume": 334833.75,
        "trend": 29.432829,
        "fair_value": 27.912898,
        "relative_strength": 0.076941,
        "stage": 2,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 24.990932,
        "energy": 31.725541,
        "activity_lines": [
          30.017992,
          29.247956,
          29.193627,
          29.2376
        ]
      },
      {
        "date": "2025-05-23",
        "close": 30.156333,
        "volume": 177047,
        "typical_volume": 330504.35,
        "trend": 29.396499,
        "fair_value": 27.890789,
        "relative_strength": 1.564471,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 29.229723,
        "energy": 35.45833,
        "activity_lines": [
          30.192037,
          29.465632,
          29.290122,
          29.284278
        ]
      },
      {
        "date": "2025-05-30",
        "close": 30.365056,
        "volume": 130874,
        "typical_volume": 321173.05,
        "trend": 29.404416,
        "fair_value": 27.875007,
        "relative_strength": 0.451523,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 31.511366,
        "energy": 49.95897,
        "activity_lines": [
          30.312385,
          29.712281,
          29.401787,
          29.346765
        ]
      },
      {
        "date": "2025-06-06",
        "close": 30.735503,
        "volume": 133096,
        "typical_volume": 297190.05,
        "trend": 29.423074,
        "fair_value": 27.870658,
        "relative_strength": -0.041195,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 65.056854,
        "energy": 59.328102,
        "activity_lines": [
          30.448072,
          30.002776,
          29.537881,
          29.432642
        ]
      },
      {
        "date": "2025-06-13",
        "close": 30.822986,
        "volume": 187179,
        "typical_volume": 292500.25,
        "trend": 29.469401,
        "fair_value": 27.87765,
        "relative_strength": 0.501484,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.023745,
        "energy": 53.990694,
        "activity_lines": [
          30.594961,
          30.265554,
          29.674886,
          29.522959
        ]
      },
      {
        "date": "2025-06-20",
        "close": 31.046552,
        "volume": 160272,
        "typical_volume": 282056.2,
        "trend": 29.502606,
        "fair_value": 27.870034,
        "relative_strength": 1.237693,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.539937,
        "energy": 57.934563,
        "activity_lines": [
          30.774511,
          30.500358,
          29.826496,
          29.62471
        ]
      },
      {
        "date": "2025-06-27",
        "close": 31.134035,
        "volume": 191901,
        "typical_volume": 279607.55,
        "trend": 29.509153,
        "fair_value": 27.867075,
        "relative_strength": -1.947877,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.607614,
        "energy": 55.766384,
        "activity_lines": [
          30.944094,
          30.682957,
          29.973674,
          29.729964
        ]
      },
      {
        "date": "2025-07-04",
        "close": 31.677301,
        "volume": 124408,
        "typical_volume": 275074.8,
        "trend": 29.537024,
        "fair_value": 27.870886,
        "relative_strength": -1.988461,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 73.397856,
        "energy": 66.9265,
        "activity_lines": [
          31.229585,
          30.912935,
          30.163044,
          29.869844
        ]
      },
      {
        "date": "2025-07-11",
        "close": 30.98823,
        "volume": 189929,
        "typical_volume": 273403.15,
        "trend": 29.572785,
        "fair_value": 27.872992,
        "relative_strength": -3.831884,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.108564,
        "energy": 61.282857,
        "activity_lines": [
          31.197903,
          30.964275,
          30.278285,
          29.96347
        ]
      },
      {
        "date": "2025-07-18",
        "close": 32.147956,
        "volume": 269054,
        "typical_volume": 276095.2,
        "trend": 29.690924,
        "fair_value": 27.877686,
        "relative_strength": -0.883606,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.124964,
        "energy": 70.560892,
        "activity_lines": [
          31.535948,
          31.216982,
          30.500777,
          30.12961
        ]
      },
      {
        "date": "2025-07-25",
        "close": 32.242146,
        "volume": 332395,
        "typical_volume": 279104.8,
        "trend": 29.805961,
        "fair_value": 27.873407,
        "relative_strength": -2.067536,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.930316,
        "energy": 76.177607,
        "activity_lines": [
          31.817059,
          31.451307,
          30.722002,
          30.294205
        ]
      },
      {
        "date": "2025-08-01",
        "close": 30.735503,
        "volume": 232538,
        "typical_volume": 270187.85,
        "trend": 29.858225,
        "fair_value": 27.861548,
        "relative_strength": -4.172112,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.684497,
        "energy": 45.776011,
        "activity_lines": [
          31.516249,
          31.379287,
          30.78773,
          30.354176
        ]
      },
      {
        "date": "2025-08-08",
        "close": 30.535266,
        "volume": 172428,
        "typical_volume": 270586.3,
        "trend": 29.93986,
        "fair_value": 27.843271,
        "relative_strength": -6.925454,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 45.654461,
        "energy": 34.509541,
        "activity_lines": [
          31.175261,
          31.260331,
          30.829278,
          30.397856
        ]
      },
      {
        "date": "2025-08-15",
        "close": 30.317532,
        "volume": 456255,
        "typical_volume": 283390.15,
        "trend": 29.97787,
        "fair_value": 27.827117,
        "relative_strength": -8.334081,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 31.101723,
        "energy": 19.21943,
        "activity_lines": [
          30.837832,
          31.098692,
          30.843123,
          30.422222
        ]
      },
      {
        "date": "2025-08-22",
        "close": 30.861867,
        "volume": 235655,
        "typical_volume": 278116.5,
        "trend": 30.025979,
        "fair_value": 27.82322,
        "relative_strength": -6.791223,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 27.791024,
        "energy": 24.440387,
        "activity_lines": [
          30.726561,
          31.043622,
          30.899374,
          30.479254
        ]
      },
      {
        "date": "2025-08-29",
        "close": 30.750084,
        "volume": 192338,
        "typical_volume": 267990.15,
        "trend": 30.105441,
        "fair_value": 27.828818,
        "relative_strength": -6.934858,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 25.040454,
        "energy": 20.983591,
        "activity_lines": [
          30.663768,
          30.967521,
          30.926822,
          30.52597
        ]
      },
      {
        "date": "2025-09-05",
        "close": 30.022286,
        "volume": 644831,
        "typical_volume": 293628.65,
        "trend": 30.135219,
        "fair_value": 27.822539,
        "relative_strength": -9.151026,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -1.380091,
        "energy": 12.847621,
        "activity_lines": [
          30.457846,
          30.764484,
          30.868528,
          30.520606
        ]
      },
      {
        "date": "2025-09-12",
        "close": 30.832868,
        "volume": 285011,
        "typical_volume": 295790.4,
        "trend": 30.166591,
        "fair_value": 27.830917,
        "relative_strength": -7.864193,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 12.290313,
        "energy": 10.65897,
        "activity_lines": [
          30.569667,
          30.729038,
          30.879266,
          30.565615
        ]
      },
      {
        "date": "2025-09-19",
        "close": 30.959263,
        "volume": 222858,
        "typical_volume": 239477.95,
        "trend": 30.188016,
        "fair_value": 27.855369,
        "relative_strength": -8.349116,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 16.893004,
        "energy": 9.934299,
        "activity_lines": [
          30.703779,
          30.731927,
          30.89209,
          30.616755
        ]
      },
      {
        "date": "2025-09-26",
        "close": 30.939742,
        "volume": 179228,
        "typical_volume": 236518.0,
        "trend": 30.219411,
        "fair_value": 27.887807,
        "relative_strength": -7.867921,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 28.945966,
        "energy": 12.496799,
        "activity_lines": [
          30.788601,
          30.731794,
          30.900706,
          30.665254
        ]
      },
      {
        "date": "2025-10-03",
        "close": 31.115425,
        "volume": 160967,
        "typical_volume": 233913.2,
        "trend": 30.265902,
        "fair_value": 27.928209,
        "relative_strength": -8.101225,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 38.544074,
        "energy": 21.845358,
        "activity_lines": [
          30.926794,
          30.78557,
          30.922508,
          30.723061
        ]
      },
      {
        "date": "2025-10-10",
        "close": 30.158928,
        "volume": 261309,
        "typical_volume": 238126.3,
        "trend": 30.282446,
        "fair_value": 27.969316,
        "relative_strength": -8.471768,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 14.468012,
        "energy": 8.602585,
        "activity_lines": [
          30.721797,
          30.685923,
          30.850091,
          30.71616
        ]
      },
      {
        "date": "2025-10-17",
        "close": 30.744539,
        "volume": 223726,
        "typical_volume": 242768.9,
        "trend": 30.338195,
        "fair_value": 28.010702,
        "relative_strength": -8.023535,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 19.060127,
        "energy": 8.335076,
        "activity_lines": [
          30.702895,
          30.703235,
          30.833436,
          30.745972
        ]
      },
      {
        "date": "2025-10-24",
        "close": 31.271588,
        "volume": 225069,
        "typical_volume": 247367.55,
        "trend": 30.436038,
        "fair_value": 28.046542,
        "relative_strength": -7.926162,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 42.778196,
        "energy": 17.808034,
        "activity_lines": [
          30.865565,
          30.812568,
          30.865168,
          30.806191
        ]
      },
      {
        "date": "2025-10-31",
        "close": 30.427431,
        "volume": 241888,
        "typical_volume": 250103.0,
        "trend": 30.548662,
        "fair_value": 28.079115,
        "relative_strength": -10.742678,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 8.556721,
        "energy": 6.184304,
        "activity_lines": [
          30.726027,
          30.751072,
          30.813951,
          30.805636
        ]
      },
      {
        "date": "2025-11-07",
        "close": 29.729481,
        "volume": 502218,
        "typical_volume": 267200.3,
        "trend": 30.62963,
        "fair_value": 28.091569,
        "relative_strength": -11.117883,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -33.3397,
        "energy": 28.960766,
        "activity_lines": [
          30.387993,
          30.570575,
          30.698147,
          30.752785
        ]
      },
      {
        "date": "2025-11-14",
        "close": 28.5485,
        "volume": 422833,
        "typical_volume": 278746.9,
        "trend": 30.637671,
        "fair_value": 28.101609,
        "relative_strength": -14.494519,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -78.557509,
        "energy": 67.605024,
        "activity_lines": [
          29.748695,
          30.193911,
          30.47614,
          30.618519
        ]
      },
      {
        "date": "2025-11-21",
        "close": 28.050732,
        "volume": 579606,
        "typical_volume": 301506.8,
        "trend": 30.614598,
        "fair_value": 28.103824,
        "relative_strength": -14.057844,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -82.710399,
        "energy": 82.844094,
        "activity_lines": [
          29.050837,
          29.753539,
          30.219038,
          30.45162
        ]
      },
      {
        "date": "2025-11-28",
        "close": 28.602181,
        "volume": 383973,
        "typical_volume": 311209.0,
        "trend": 30.552467,
        "fair_value": 28.109225,
        "relative_strength": -15.15886,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.305344,
        "energy": 80.15762,
        "activity_lines": [
          28.716382,
          29.464015,
          30.031725,
          30.321786
        ]
      },
      {
        "date": "2025-12-05",
        "close": 28.841305,
        "volume": 1077941,
        "typical_volume": 351653.35,
        "trend": 30.507342,
        "fair_value": 28.120158,
        "relative_strength": -14.426476,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.825777,
        "energy": 79.20239,
        "activity_lines": [
          28.639595,
          29.260824,
          29.878548,
          30.211389
        ]
      },
      {
        "date": "2025-12-12",
        "close": 28.704663,
        "volume": 304607,
        "typical_volume": 350263.95,
        "trend": 30.448843,
        "fair_value": 28.133575,
        "relative_strength": -14.071752,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.872505,
        "energy": 75.210685,
        "activity_lines": [
          28.623003,
          29.070943,
          29.728103,
          30.095087
        ]
      },
      {
        "date": "2025-12-19",
        "close": 27.992463,
        "volume": 514521,
        "typical_volume": 364363.1,
        "trend": 30.376714,
        "fair_value": 28.143455,
        "relative_strength": -16.047796,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.517651,
        "energy": 62.62403,
        "activity_lines": [
          28.437332,
          28.795402,
          29.526675,
          29.936611
        ]
      },
      {
        "date": "2025-12-26",
        "close": 28.446018,
        "volume": 372224,
        "typical_volume": 374352.9,
        "trend": 30.312746,
        "fair_value": 28.156825,
        "relative_strength": -15.632255,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.00266,
        "energy": 49.399475,
        "activity_lines": [
          28.439915,
          28.641717,
          29.381505,
          29.81205
        ]
      },
      {
        "date": "2026-01-02",
        "close": 28.746543,
        "volume": 329416,
        "typical_volume": 368010.95,
        "trend": 30.246447,
        "fair_value": 28.165891,
        "relative_strength": -13.585415,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.406267,
        "energy": 45.250293,
        "activity_lines": [
          28.51632,
          28.584464,
          29.274904,
          29.711004
        ]
      },
      {
        "date": "2026-01-09",
        "close": 29.340889,
        "volume": 416764,
        "typical_volume": 377066.4,
        "trend": 30.197044,
        "fair_value": 28.171081,
        "relative_strength": -12.954393,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -43.527361,
        "energy": 33.951968,
        "activity_lines": [
          28.781217,
          28.681183,
          29.23239,
          29.652581
        ]
      },
      {
        "date": "2026-01-16",
        "close": 30.559299,
        "volume": 2382187,
        "typical_volume": 486558.85,
        "trend": 30.180802,
        "fair_value": 28.184081,
        "relative_strength": -8.835592,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -10.033043,
        "energy": 15.490878,
        "activity_lines": [
          29.418945,
          29.019187,
          29.313156,
          29.675953
        ]
      },
      {
        "date": "2026-01-23",
        "close": 30.446769,
        "volume": 360942,
        "typical_volume": 472364.4,
        "trend": 30.157893,
        "fair_value": 28.19403,
        "relative_strength": -8.677857,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -3.937156,
        "energy": 21.319628,
        "activity_lines": [
          29.895521,
          29.321643,
          29.384115,
          29.693112
        ]
      },
      {
        "date": "2026-01-30",
        "close": 30.54444,
        "volume": 355090,
        "typical_volume": 475868.35,
        "trend": 30.120131,
        "fair_value": 28.204257,
        "relative_strength": -8.618898,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 27.428503,
        "energy": 36.283993,
        "activity_lines": [
          30.241033,
          29.607344,
          29.462354,
          29.71805
        ]
      },
      {
        "date": "2026-02-06",
        "close": 30.806943,
        "volume": 544821,
        "typical_volume": 491966.5,
        "trend": 30.114088,
        "fair_value": 28.220125,
        "relative_strength": -7.489645,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 31.422547,
        "energy": 40.751028,
        "activity_lines": [
          30.534151,
          29.895432,
          29.566966,
          29.762361
        ]
      },
      {
        "date": "2026-02-13",
        "close": 32.976307,
        "volume": 1032263,
        "typical_volume": 534618.25,
        "trend": 30.1417,
        "fair_value": 28.252287,
        "relative_strength": 0.362393,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 55.586461,
        "energy": 74.566267,
        "activity_lines": [
          31.413031,
          30.537864,
          29.87891,
          29.94702
        ]
      },
      {
        "date": "2026-02-20",
        "close": 32.778191,
        "volume": 332615,
        "typical_volume": 543200.65,
        "trend": 30.159568,
        "fair_value": 28.291506,
        "relative_strength": -1.210719,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 58.930754,
        "energy": 80.6539,
        "activity_lines": [
          31.983511,
          31.069093,
          30.162288,
          30.117116
        ]
      },
      {
        "date": "2026-02-27",
        "close": 33.327962,
        "volume": 364395,
        "typical_volume": 548354.95,
        "trend": 30.245984,
        "fair_value": 28.331861,
        "relative_strength": 1.050611,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 85.670827,
        "energy": 93.787021,
        "activity_lines": [
          32.589321,
          31.626215,
          30.490108,
          30.321529
        ]
      },
      {
        "date": "2026-03-06",
        "close": 31.951596,
        "volume": 399290,
        "typical_volume": 557133.15,
        "trend": 30.293195,
        "fair_value": 28.370381,
        "relative_strength": -0.975842,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.538911,
        "energy": 85.289768,
        "activity_lines": [
          32.544264,
          31.836081,
          30.671754,
          30.431568
        ]
      },
      {
        "date": "2026-03-13",
        "close": 32.169829,
        "volume": 713945,
        "typical_volume": 581576.95,
        "trend": 30.354938,
        "fair_value": 28.408378,
        "relative_strength": 1.412398,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.708222,
        "energy": 69.311366,
        "activity_lines": [
          32.47814,
          32.021887,
          30.868436,
          30.552641
        ]
      },
      {
        "date": "2026-03-20",
        "close": 31.013604,
        "volume": 269905,
        "typical_volume": 582977.8,
        "trend": 30.359996,
        "fair_value": 28.439425,
        "relative_strength": -0.267606,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.401959,
        "energy": 43.899684,
        "activity_lines": [
          31.935749,
          31.935229,
          30.950724,
          30.595136
        ]
      },
      {
        "date": "2026-03-27",
        "close": 30.433247,
        "volume": 332603,
        "typical_volume": 574497.05,
        "trend": 30.349434,
        "fair_value": 28.460775,
        "relative_strength": 0.245126,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 33.021687,
        "energy": 22.624928,
        "activity_lines": [
          31.330753,
          31.712639,
          30.974949,
          30.599862
        ]
      },
      {
        "date": "2026-04-03",
        "close": 31.881746,
        "volume": 198376,
        "typical_volume": 563274.2,
        "trend": 30.411416,
        "fair_value": 28.491176,
        "relative_strength": 1.761388,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.2844,
        "energy": 23.540976,
        "activity_lines": [
          31.364919,
          31.755704,
          31.133775,
          30.698721
        ]
      },
      {
        "date": "2026-04-10",
        "close": 33.405484,
        "volume": 615781,
        "typical_volume": 565082.95,
        "trend": 30.49717,
        "fair_value": 28.532516,
        "relative_strength": 3.022588,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 59.189498,
        "energy": 30.769004,
        "activity_lines": [
          32.003412,
          32.049722,
          31.421846,
          30.891886
        ]
      },
      {
        "date": "2026-04-17",
        "close": 35.234568,
        "volume": 339216,
        "typical_volume": 562845.1,
        "trend": 30.63968,
        "fair_value": 28.585523,
        "relative_strength": 4.169353,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 83.002252,
        "energy": 64.52336,
        "activity_lines": [
          33.154674,
          32.624281,
          31.858617,
          31.197525
        ]
      },
      {
        "date": "2026-04-24",
        "close": 35.07491,
        "volume": 399783,
        "typical_volume": 528937.2,
        "trend": 30.777519,
        "fair_value": 28.636627,
        "relative_strength": 3.298425,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.761605,
        "energy": 83.862178,
        "activity_lines": [
          34.048401,
          33.08931,
          32.2486,
          31.483669
        ]
      },
      {
        "date": "2026-05-01",
        "close": 35.174696,
        "volume": 878069,
        "typical_volume": 557610.3,
        "trend": 30.912828,
        "fair_value": 28.688547,
        "relative_strength": 2.859073,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.110591,
        "energy": 86.072225,
        "activity_lines": [
          34.704636,
          33.534325,
          32.618402,
          31.767358
        ]
      },
      {
        "date": "2026-05-08",
        "close": 34.895294,
        "volume": 511303,
        "typical_volume": 557449.4,
        "trend": 31.070707,
        "fair_value": 28.741137,
        "relative_strength": -0.029651,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.798305,
        "energy": 83.829875,
        "activity_lines": [
          34.95164,
          33.884966,
          32.930784,
          32.024291
        ]
      },
      {
        "date": "2026-05-15",
        "close": 33.628007,
        "volume": 411678,
        "typical_volume": 559422.1,
        "trend": 31.166823,
        "fair_value": 28.78988,
        "relative_strength": -3.613341,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.481503,
        "energy": 68.242625,
        "activity_lines": [
          34.575312,
          33.976695,
          33.089603,
          32.189278
        ]
      },
      {
        "date": "2026-05-22",
        "close": 34.276619,
        "volume": 419258,
        "typical_volume": 563914.2,
        "trend": 31.266991,
        "fair_value": 28.845477,
        "relative_strength": -2.340086,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.347514,
        "energy": 48.303385,
        "activity_lines": [
          34.400354,
          34.155874,
          33.285517,
          32.38991
        ]
      },
      {
        "date": "2026-05-29",
        "close": 34.655807,
        "volume": 395944,
        "typical_volume": 562873.2,
        "trend": 31.407936,
        "fair_value": 28.898854,
        "relative_strength": -2.423527,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.159535,
        "energy": 43.745376,
        "activity_lines": [
          34.415654,
          34.36569,
          33.491211,
          32.608543
        ]
      },
      {
        "date": "2026-06-05",
        "close": 33.81,
        "volume": 373802,
        "typical_volume": 462453.95,
        "trend": 31.543954,
        "fair_value": 28.948179,
        "relative_strength": -2.119258,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 43.247757,
        "energy": 31.149912,
        "activity_lines": [
          34.17696,
          34.355501,
          33.591043,
          32.763515
        ]
      },
      {
        "date": "2026-06-12",
        "close": 33.66,
        "volume": 393406,
        "typical_volume": 464077.15,
        "trend": 31.714337,
        "fair_value": 28.991795,
        "relative_strength": -2.832258,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.102668,
        "energy": 28.065088,
        "activity_lines": [
          33.979244,
          34.256644,
          33.66111,
          32.900034
        ]
      },
      {
        "date": "2026-06-19",
        "close": 33.54,
        "volume": 173501,
        "typical_volume": 454997.7,
        "trend": 31.897313,
        "fair_value": 29.040925,
        "relative_strength": -3.757736,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 37.071942,
        "energy": 22.850287,
        "activity_lines": [
          33.823882,
          34.103637,
          33.704446,
          33.017819
        ]
      },
      {
        "date": "2026-06-26",
        "close": 32.6,
        "volume": 403679,
        "typical_volume": 447940.6,
        "trend": 32.030573,
        "fair_value": 29.077168,
        "relative_strength": -3.921105,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.873734,
        "energy": 17.147108,
        "activity_lines": [
          33.361054,
          33.777275,
          33.643995,
          33.063154
        ]
      },
      {
        "date": "2026-07-03",
        "close": 31.13,
        "volume": 570347,
        "typical_volume": 424844.8,
        "trend": 32.106863,
        "fair_value": 29.103692,
        "relative_strength": -9.847784,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -14.77587,
        "energy": 24.700819,
        "activity_lines": [
          32.52,
          33.231542,
          33.435005,
          33.005052
        ]
      },
      {
        "date": "2026-07-10",
        "close": 31.43,
        "volume": 429448,
        "typical_volume": 429686.45,
        "trend": 32.197708,
        "fair_value": 29.128162,
        "relative_strength": -9.883373,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -31.732233,
        "energy": 37.559665,
        "activity_lines": [
          32.014,
          32.81208,
          33.263379,
          32.961383
        ]
      },
      {
        "date": "2026-07-17",
        "close": 30.35,
        "volume": 305083,
        "typical_volume": 426720.85,
        "trend": 32.276292,
        "fair_value": 29.148266,
        "relative_strength": -11.209812,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -44.177184,
        "energy": 65.697293,
        "activity_lines": [
          31.306667,
          32.264339,
          32.995315,
          32.842176
        ]
      },
      {
        "date": "2026-07-24",
        "close": 31.47,
        "volume": 192285,
        "typical_volume": 416370.6,
        "trend": 32.377092,
        "fair_value": 29.174426,
        "relative_strength": -7.056555,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -27.154344,
        "energy": 60.325402,
        "activity_lines": [
          31.193333,
          32.002877,
          32.848099,
          32.790158
        ]
      },
      {
        "date": "2026-07-31",
        "close": 30.87,
        "volume": 416406,
        "typical_volume": 401493.65,
        "trend": 32.447874,
        "fair_value": 29.201649,
        "relative_strength": -9.488235,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -39.704904,
        "energy": 61.772129,
        "activity_lines": [
          31.018,
          31.67156,
          32.646033,
          32.692926
        ]
      },
      {
        "date": "2026-08-07",
        "close": 31.79,
        "volume": 428938,
        "typical_volume": 409445.3,
        "trend": 32.529511,
        "fair_value": 29.233173,
        "relative_strength": -9.673263,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.036729,
        "energy": 38.942509,
        "activity_lines": [
          31.264667,
          31.569455,
          32.537776,
          32.650482
        ]
      }
    ],
    "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."
    }
  }
}