{
  "ticker": {
    "uuid": "fc071370-f3cf-4c59-9731-7344f452710f",
    "symbol": "PAPI",
    "name": "MORGAN STANLEY ETF TRUST PARAMETRIC EQUITY PREMIUM INCOME ETF USD",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 66.214,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 70.521,
    "architecture_energy": 74.329,
    "architecture_maturity": 10.577,
    "architecture_confidence": 67.603,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 10.78,
        "rotation_up": 79.8,
        "upward_expansion": 94.01,
        "deceleration": 39.42,
        "rotation_down": 9.05,
        "downward_expansion": 16.01
      },
      "activity_lines": [
        27.556818,
        27.282644,
        26.901682,
        26.845413
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 27.67,
    "trend_reference": 26.806555,
    "distance_from_trend": 0.03221,
    "trend_direction": "Improving",
    "fair_value": 24.019965,
    "distance_from_fair_value": 0.151958,
    "fair_value_direction": "Improving",
    "relative_strength": -4.950284,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.007095,
    "excess_performance": -0.11853,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.03221,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.025952,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.151958,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.057988,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.049503,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.032474,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.007095,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.510467,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 463415,
      "relative_activity": 1.199663,
      "balance": 3.510467,
      "dry_up": 1.041589,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.020464,
      "annualized_volatility": 0.093828,
      "from_high_reference": -0.017025,
      "from_low_reference": 0.169428
    },
    "levels": {
      "trend_reference": 26.806555,
      "fair_value_reference": 24.019965,
      "structural_low": 25.65843,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 6,
        "median_return": 0.005627,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.023314,
        "regime_survival": 0.666667,
        "best_return": 0.054952,
        "worst_return": -0.033522,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.011058,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.051302,
        "regime_survival": 0.333333,
        "best_return": 0.089453,
        "worst_return": -0.03239,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": 0.120923,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.051398,
        "regime_survival": 1.0,
        "best_return": 0.120923,
        "worst_return": 0.120923,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-25",
        "end": "2025-05-30",
        "tenure": "Developing",
        "return": 0.004728,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-06",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": 0.023157,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-18",
        "end": "2025-08-01",
        "tenure": "New",
        "return": -0.020876,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-08",
        "end": "2025-08-22",
        "tenure": "New",
        "return": 0.041026,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-29",
        "end": "2025-10-10",
        "tenure": "Developing",
        "return": -0.026308,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-17",
        "end": "2025-11-28",
        "tenure": "Developing",
        "return": 0.023648,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-12-05",
        "end": "2026-03-20",
        "tenure": "Established",
        "return": 0.051426,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-03-27",
        "end": "2026-06-12",
        "tenure": "Developing",
        "return": -0.003468,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-06-19",
        "end": "2026-07-10",
        "tenure": "New",
        "return": 0.025696,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-07-17",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.007887,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-10-20",
        "close": 20.261077,
        "volume": 8612,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-10-27",
        "close": 19.868149,
        "volume": 11342,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-03",
        "close": 20.612632,
        "volume": 1865,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-10",
        "close": 20.158427,
        "volume": 5292,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-17",
        "close": 20.484711,
        "volume": 9000,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-11-24",
        "close": 20.60842,
        "volume": 7163,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-01",
        "close": 20.974655,
        "volume": 16092,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-08",
        "close": 20.990035,
        "volume": 30881,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-15",
        "close": 21.277096,
        "volume": 38523,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-22",
        "close": 21.519058,
        "volume": 23172,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2023-12-29",
        "close": 21.570351,
        "volume": 20536,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-05",
        "close": 21.514449,
        "volume": 54065,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-12",
        "close": 21.424351,
        "volume": 28148,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-19",
        "close": 21.190098,
        "volume": 25925,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-01-26",
        "close": 21.408092,
        "volume": 32400,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-02",
        "close": 21.401445,
        "volume": 169392,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-09",
        "close": 21.249901,
        "volume": 34432,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-16",
        "close": 21.586666,
        "volume": 20029,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-02-23",
        "close": 21.790915,
        "volume": 18368,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-01",
        "close": 21.772554,
        "volume": 107651,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-08",
        "close": 22.21393,
        "volume": 108449,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-15",
        "close": 22.347173,
        "volume": 69592,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-22",
        "close": 22.576073,
        "volume": 56108,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-03-29",
        "close": 23.074414,
        "volume": 184384,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-05",
        "close": 22.837686,
        "volume": 89258,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-12",
        "close": 22.288048,
        "volume": 83340,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-19",
        "close": 22.339518,
        "volume": 88263,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-04-26",
        "close": 22.44919,
        "volume": 337003,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-03",
        "close": 22.524859,
        "volume": 16980,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-10",
        "close": 22.961882,
        "volume": 14158,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-17",
        "close": 23.107786,
        "volume": 38367,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-24",
        "close": 22.727116,
        "volume": 78781,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-05-31",
        "close": 22.901383,
        "volume": 228938,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-07",
        "close": 22.595016,
        "volume": 330767,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-14",
        "close": 22.215492,
        "volume": 88528,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-21",
        "close": 22.500265,
        "volume": 50900,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-06-28",
        "close": 22.470623,
        "volume": 173119,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-05",
        "close": 22.208381,
        "volume": 62868,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-12",
        "close": 22.834303,
        "volume": 163991,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-19",
        "close": 23.203894,
        "volume": 137244,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-07-26",
        "close": 23.582263,
        "volume": 128922,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-02",
        "close": 23.307905,
        "volume": 87724,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-09",
        "close": 23.101591,
        "volume": 90892,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-16",
        "close": 23.303103,
        "volume": 101505,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-23",
        "close": 23.49082,
        "volume": 129347,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-08-30",
        "close": 23.894241,
        "volume": 224807,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-06",
        "close": 23.33112,
        "volume": 68354,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-13",
        "close": 23.630895,
        "volume": 129009,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-20",
        "close": 23.742466,
        "volume": 169832,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-09-27",
        "close": 24.034692,
        "volume": 113748,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-04",
        "close": 24.113506,
        "volume": 219479,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-11",
        "close": 24.16315,
        "volume": 119342,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-18",
        "close": 24.55182,
        "volume": 130799,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-10-25",
        "close": 24.009714,
        "volume": 129784,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-01",
        "close": 23.81692,
        "volume": 206100,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-08",
        "close": 24.411678,
        "volume": 156383,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-15",
        "close": 24.456062,
        "volume": 193880,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-22",
        "close": 24.926542,
        "volume": 244166,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-11-29",
        "close": 25.001484,
        "volume": 116851,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-06",
        "close": 24.501633,
        "volume": 212133,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-13",
        "close": 24.22493,
        "volume": 157351,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-20",
        "close": 23.462121,
        "volume": 160850,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2024-12-27",
        "close": 23.613884,
        "volume": 236852,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-03",
        "close": 23.568974,
        "volume": 231804,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-10",
        "close": 23.308493,
        "volume": 186249,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-17",
        "close": 24.161791,
        "volume": 173555,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-24",
        "close": 24.031551,
        "volume": 239406,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-01-31",
        "close": 23.989891,
        "volume": 365914,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-07",
        "close": 23.773196,
        "volume": 587348,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-14",
        "close": 23.997475,
        "volume": 349968,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-21",
        "close": 24.201981,
        "volume": 250163,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-02-28",
        "close": 24.318554,
        "volume": 251919,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-07",
        "close": 24.320823,
        "volume": 444177,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-14",
        "close": 23.737813,
        "volume": 362535,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-21",
        "close": 23.955591,
        "volume": 386986,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-03-28",
        "close": 24.028184,
        "volume": 362396,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-04",
        "close": 22.356569,
        "volume": 490726,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-11",
        "close": 22.749591,
        "volume": 839071,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-18",
        "close": 23.005513,
        "volume": 470152,
        "typical_volume": null,
        "trend": null,
        "fair_value": null,
        "relative_strength": null,
        "stage": null,
        "regime": null,
        "modifier": null,
        "gate": null,
        "direction": null,
        "energy": null,
        "activity_lines": [
          null,
          null,
          null,
          null
        ]
      },
      {
        "date": "2025-04-25",
        "close": 23.206594,
        "volume": 765144,
        "typical_volume": 365628.3,
        "trend": 23.932201,
        "fair_value": 22.842815,
        "relative_strength": 0.335922,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.806625,
        "energy": 64.540558,
        "activity_lines": [
          23.003008,
          23.314693,
          23.585589,
          23.745015
        ]
      },
      {
        "date": "2025-05-02",
        "close": 23.317966,
        "volume": 489786,
        "typical_volume": 382250.05,
        "trend": 23.905683,
        "fair_value": 22.848682,
        "relative_strength": -1.894107,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -53.573657,
        "energy": 36.140548,
        "activity_lines": [
          23.0859,
          23.265574,
          23.54914,
          23.705387
        ]
      },
      {
        "date": "2025-05-09",
        "close": 23.529864,
        "volume": 386096,
        "typical_volume": 393512.35,
        "trend": 23.884573,
        "fair_value": 22.856989,
        "relative_strength": -0.443327,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -39.244874,
        "energy": 21.835015,
        "activity_lines": [
          23.286772,
          23.271055,
          23.537192,
          23.681141
        ]
      },
      {
        "date": "2025-05-16",
        "close": 23.631206,
        "volume": 420143,
        "typical_volume": 402676.9,
        "trend": 23.853886,
        "fair_value": 22.866317,
        "relative_strength": -4.845531,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -33.53651,
        "energy": 16.158002,
        "activity_lines": [
          23.443206,
          23.309301,
          23.534572,
          23.664795
        ]
      },
      {
        "date": "2025-05-23",
        "close": 23.106068,
        "volume": 318774,
        "typical_volume": 407025.4,
        "trend": 23.823765,
        "fair_value": 22.869171,
        "relative_strength": -4.378539,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -38.023551,
        "energy": 17.384067,
        "activity_lines": [
          23.365819,
          23.264607,
          23.481856,
          23.616548
        ]
      },
      {
        "date": "2025-05-30",
        "close": 23.316308,
        "volume": 303426,
        "typical_volume": 412884.25,
        "trend": 23.807078,
        "fair_value": 22.874431,
        "relative_strength": -4.998083,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -32.137681,
        "energy": 14.719015,
        "activity_lines": [
          23.351808,
          23.269624,
          23.451368,
          23.583809
        ]
      },
      {
        "date": "2025-06-06",
        "close": 23.538721,
        "volume": 423364,
        "typical_volume": 425374.7,
        "trend": 23.777979,
        "fair_value": 22.882155,
        "relative_strength": -5.497172,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -31.306844,
        "energy": 13.682822,
        "activity_lines": [
          23.404621,
          23.326703,
          23.442024,
          23.566496
        ]
      },
      {
        "date": "2025-06-13",
        "close": 23.612858,
        "volume": 311309,
        "typical_volume": 428969.85,
        "trend": 23.749872,
        "fair_value": 22.890554,
        "relative_strength": -4.776187,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -27.043747,
        "energy": 11.769412,
        "activity_lines": [
          23.467429,
          23.406161,
          23.442709,
          23.555843
        ]
      },
      {
        "date": "2025-06-20",
        "close": 23.594324,
        "volume": 190831,
        "typical_volume": 420215.7,
        "trend": 23.705465,
        "fair_value": 22.898552,
        "relative_strength": -4.603925,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -14.307406,
        "energy": 8.301155,
        "activity_lines": [
          23.518527,
          23.459407,
          23.443622,
          23.545807
        ]
      },
      {
        "date": "2025-06-27",
        "close": 23.631393,
        "volume": 314206,
        "typical_volume": 406558.6,
        "trend": 23.659795,
        "fair_value": 22.906786,
        "relative_strength": -7.515482,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -10.964824,
        "energy": 9.216689,
        "activity_lines": [
          23.584439,
          23.504034,
          23.449949,
          23.541029
        ]
      },
      {
        "date": "2025-07-04",
        "close": 24.055806,
        "volume": 267279,
        "typical_volume": 402424.15,
        "trend": 23.644934,
        "fair_value": 22.919553,
        "relative_strength": -7.335954,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 22.351996,
        "energy": 22.014812,
        "activity_lines": [
          23.756801,
          23.614448,
          23.497371,
          23.566578
        ]
      },
      {
        "date": "2025-07-11",
        "close": 24.083811,
        "volume": 206195,
        "typical_volume": 400225.75,
        "trend": 23.64023,
        "fair_value": 22.932347,
        "relative_strength": -6.857282,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 26.515917,
        "energy": 39.566163,
        "activity_lines": [
          23.889198,
          23.714513,
          23.547183,
          23.594892
        ]
      },
      {
        "date": "2025-07-18",
        "close": 23.897115,
        "volume": 236950,
        "typical_volume": 399477.3,
        "trend": 23.65473,
        "fair_value": 22.942833,
        "relative_strength": -7.961278,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 18.919906,
        "energy": 37.883671,
        "activity_lines": [
          23.923023,
          23.76671,
          23.579777,
          23.611465
        ]
      },
      {
        "date": "2025-07-25",
        "close": 24.13982,
        "volume": 363647,
        "typical_volume": 395450.8,
        "trend": 23.672261,
        "fair_value": 22.955704,
        "relative_strength": -8.161244,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 27.291384,
        "energy": 46.047266,
        "activity_lines": [
          24.0188,
          23.856357,
          23.637493,
          23.642762
        ]
      },
      {
        "date": "2025-08-01",
        "close": 23.398248,
        "volume": 413870,
        "typical_volume": 398017.55,
        "trend": 23.666571,
        "fair_value": 22.960412,
        "relative_strength": -8.496935,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 12.206316,
        "energy": 13.215739,
        "activity_lines": [
          23.83102,
          23.801925,
          23.625444,
          23.625083
        ]
      },
      {
        "date": "2025-08-08",
        "close": 23.80199,
        "volume": 316663,
        "typical_volume": 394501.4,
        "trend": 23.68302,
        "fair_value": 22.969271,
        "relative_strength": -8.898481,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 8.641445,
        "energy": 7.941321,
        "activity_lines": [
          23.793363,
          23.815589,
          23.653464,
          23.63382
        ]
      },
      {
        "date": "2025-08-15",
        "close": 24.205732,
        "volume": 279126,
        "typical_volume": 390337.9,
        "trend": 23.684485,
        "fair_value": 22.982151,
        "relative_strength": -8.041347,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 32.122112,
        "energy": 19.184059,
        "activity_lines": [
          23.907208,
          23.893829,
          23.720668,
          23.667543
        ]
      },
      {
        "date": "2025-08-22",
        "close": 24.778482,
        "volume": 186195,
        "typical_volume": 375111.35,
        "trend": 23.709383,
        "fair_value": 23.00067,
        "relative_strength": -5.965376,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 72.530297,
        "energy": 46.415032,
        "activity_lines": [
          24.203842,
          24.064079,
          23.841573,
          23.738124
        ]
      },
      {
        "date": "2025-08-29",
        "close": 24.775263,
        "volume": 105079,
        "typical_volume": 338411.75,
        "trend": 23.735562,
        "fair_value": 23.018778,
        "relative_strength": -5.73957,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.374786,
        "energy": 70.799209,
        "activity_lines": [
          24.440644,
          24.21255,
          23.950639,
          23.80689
        ]
      },
      {
        "date": "2025-09-05",
        "close": 24.827203,
        "volume": 199802,
        "typical_volume": 324894.25,
        "trend": 23.770696,
        "fair_value": 23.037045,
        "relative_strength": -5.623052,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.65916,
        "energy": 75.587978,
        "activity_lines": [
          24.652398,
          24.348993,
          24.055006,
          23.877319
        ]
      },
      {
        "date": "2025-09-12",
        "close": 24.657218,
        "volume": 242605,
        "typical_volume": 298767.3,
        "trend": 23.792687,
        "fair_value": 23.053246,
        "relative_strength": -7.49763,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.791221,
        "energy": 73.630082,
        "activity_lines": [
          24.712226,
          24.432788,
          24.134509,
          23.934514
        ]
      },
      {
        "date": "2025-09-19",
        "close": 24.325276,
        "volume": 208103,
        "typical_volume": 284683.15,
        "trend": 23.796797,
        "fair_value": 23.065841,
        "relative_strength": -9.615515,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.568927,
        "energy": 57.249028,
        "activity_lines": [
          24.604391,
          24.445295,
          24.17549,
          23.968874
        ]
      },
      {
        "date": "2025-09-26",
        "close": 24.61,
        "volume": 215042,
        "typical_volume": 276130.45,
        "trend": 23.806512,
        "fair_value": 23.08098,
        "relative_strength": -8.063181,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.273135,
        "energy": 40.599709,
        "activity_lines": [
          24.583495,
          24.505179,
          24.238791,
          24.021339
        ]
      },
      {
        "date": "2025-10-03",
        "close": 24.836632,
        "volume": 221341,
        "typical_volume": 266190.35,
        "trend": 23.823705,
        "fair_value": 23.098025,
        "relative_strength": -8.001406,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.727952,
        "energy": 41.309209,
        "activity_lines": [
          24.649375,
          24.593308,
          24.318533,
          24.087798
        ]
      },
      {
        "date": "2025-10-10",
        "close": 24.123482,
        "volume": 224260,
        "typical_volume": 261464.65,
        "trend": 23.836561,
        "fair_value": 23.107885,
        "relative_strength": -8.197701,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 40.613764,
        "energy": 24.026475,
        "activity_lines": [
          24.473447,
          24.539104,
          24.324616,
          24.107139
        ]
      },
      {
        "date": "2025-10-17",
        "close": 24.470548,
        "volume": 374726,
        "typical_volume": 265029.65,
        "trend": 23.853726,
        "fair_value": 23.120863,
        "relative_strength": -8.22167,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.606045,
        "energy": 23.483712,
        "activity_lines": [
          24.460123,
          24.534817,
          24.358908,
          24.148041
        ]
      },
      {
        "date": "2025-10-24",
        "close": 24.732036,
        "volume": 248701,
        "typical_volume": 256296.5,
        "trend": 23.877188,
        "fair_value": 23.136062,
        "relative_strength": -8.764097,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 47.738085,
        "energy": 27.483942,
        "activity_lines": [
          24.546405,
          24.565917,
          24.412607,
          24.204706
        ]
      },
      {
        "date": "2025-10-31",
        "close": 24.208489,
        "volume": 280713,
        "typical_volume": 254766.7,
        "trend": 23.938919,
        "fair_value": 23.146085,
        "relative_strength": -11.038022,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.880978,
        "energy": 17.061088,
        "activity_lines": [
          24.431055,
          24.492258,
          24.410762,
          24.226081
        ]
      },
      {
        "date": "2025-11-07",
        "close": 24.40935,
        "volume": 279010,
        "typical_volume": 259175.65,
        "trend": 23.994244,
        "fair_value": 23.157782,
        "relative_strength": -8.600365,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.206051,
        "energy": 16.173199,
        "activity_lines": [
          24.409426,
          24.465483,
          24.42521,
          24.256431
        ]
      },
      {
        "date": "2025-11-14",
        "close": 24.667599,
        "volume": 195491,
        "typical_volume": 253239.9,
        "trend": 24.049647,
        "fair_value": 23.171633,
        "relative_strength": -7.517529,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 50.223675,
        "energy": 24.464467,
        "activity_lines": [
          24.502365,
          24.492315,
          24.460372,
          24.299873
        ]
      },
      {
        "date": "2025-11-21",
        "close": 24.581516,
        "volume": 404037,
        "typical_volume": 260077.8,
        "trend": 24.095477,
        "fair_value": 23.184451,
        "relative_strength": -5.805192,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 45.626546,
        "energy": 21.075881,
        "activity_lines": [
          24.530336,
          24.506397,
          24.482402,
          24.334187
        ]
      },
      {
        "date": "2025-11-28",
        "close": 25.049235,
        "volume": 115386,
        "typical_volume": 255537.35,
        "trend": 24.153186,
        "fair_value": 23.20125,
        "relative_strength": -7.193744,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 64.680489,
        "energy": 41.085495,
        "activity_lines": [
          24.706815,
          24.606895,
          24.546473,
          24.39572
        ]
      },
      {
        "date": "2025-12-05",
        "close": 24.996232,
        "volume": 200193,
        "typical_volume": 253699.5,
        "trend": 24.202065,
        "fair_value": 23.217277,
        "relative_strength": -7.50506,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.838032,
        "energy": 52.427676,
        "activity_lines": [
          24.84448,
          24.684594,
          24.600899,
          24.45011
        ]
      },
      {
        "date": "2025-12-12",
        "close": 25.260282,
        "volume": 296012,
        "typical_volume": 250317.75,
        "trend": 24.256368,
        "fair_value": 23.235357,
        "relative_strength": -5.827073,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.433821,
        "energy": 62.509154,
        "activity_lines": [
          25.017645,
          24.80328,
          24.675238,
          24.518382
        ]
      },
      {
        "date": "2025-12-19",
        "close": 25.058277,
        "volume": 304504,
        "typical_volume": 244849.45,
        "trend": 24.321442,
        "fair_value": 23.251347,
        "relative_strength": -6.540946,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.043396,
        "energy": 60.005756,
        "activity_lines": [
          25.066746,
          24.877534,
          24.725004,
          24.570118
        ]
      },
      {
        "date": "2025-12-26",
        "close": 25.192353,
        "volume": 203787,
        "typical_volume": 239205.65,
        "trend": 24.383976,
        "fair_value": 23.268226,
        "relative_strength": -7.198227,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.534916,
        "energy": 56.553954,
        "activity_lines": [
          25.134495,
          24.95917,
          24.779633,
          24.626306
        ]
      },
      {
        "date": "2026-01-02",
        "close": 25.153611,
        "volume": 265732,
        "typical_volume": 238535.95,
        "trend": 24.437806,
        "fair_value": 23.284479,
        "relative_strength": -6.213708,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.459362,
        "energy": 47.129646,
        "activity_lines": [
          25.148606,
          25.020638,
          24.823952,
          24.67596
        ]
      },
      {
        "date": "2026-01-09",
        "close": 25.738623,
        "volume": 191838,
        "typical_volume": 238818.1,
        "trend": 24.508665,
        "fair_value": 23.305454,
        "relative_strength": -5.375516,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.797697,
        "energy": 58.284374,
        "activity_lines": [
          25.350764,
          25.180807,
          24.919473,
          24.759884
        ]
      },
      {
        "date": "2026-01-16",
        "close": 26.13186,
        "volume": 429783,
        "typical_volume": 255053.3,
        "trend": 24.593249,
        "fair_value": 23.329407,
        "relative_strength": -3.447042,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.351714,
        "energy": 73.626612,
        "activity_lines": [
          25.634507,
          25.384653,
          25.047873,
          24.864606
        ]
      },
      {
        "date": "2026-01-23",
        "close": 26.228717,
        "volume": 357813,
        "typical_volume": 262953.85,
        "trend": 24.679827,
        "fair_value": 23.353771,
        "relative_strength": -2.654912,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 77.766169,
        "energy": 78.818488,
        "activity_lines": [
          25.892431,
          25.574791,
          25.179037,
          24.97012
        ]
      },
      {
        "date": "2026-01-30",
        "close": 26.535848,
        "volume": 301523,
        "typical_volume": 265899.75,
        "trend": 24.762495,
        "fair_value": 23.380288,
        "relative_strength": -1.809327,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 82.514553,
        "energy": 88.27537,
        "activity_lines": [
          26.174703,
          25.792387,
          25.332778,
          25.089863
        ]
      },
      {
        "date": "2026-02-06",
        "close": 27.475067,
        "volume": 411164,
        "typical_volume": 276052.8,
        "trend": 24.875537,
        "fair_value": 23.414129,
        "relative_strength": 1.87741,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 92.796295,
        "energy": 95.910141,
        "activity_lines": [
          26.680481,
          26.145216,
          25.567023,
          25.264868
        ]
      },
      {
        "date": "2026-02-13",
        "close": 27.591982,
        "volume": 370425,
        "typical_volume": 283821.95,
        "trend": 24.998699,
        "fair_value": 23.448374,
        "relative_strength": 3.608795,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 87.696006,
        "energy": 94.64213,
        "activity_lines": [
          27.070468,
          26.475197,
          25.797403,
          25.440123
        ]
      },
      {
        "date": "2026-02-20",
        "close": 27.533525,
        "volume": 202218,
        "typical_volume": 282865.8,
        "trend": 25.111823,
        "fair_value": 23.481587,
        "relative_strength": 2.281696,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.300433,
        "energy": 91.5891,
        "activity_lines": [
          27.317411,
          26.747354,
          26.008017,
          25.60366
        ]
      },
      {
        "date": "2026-02-27",
        "close": 27.771173,
        "volume": 298148,
        "typical_volume": 286560.2,
        "trend": 25.257587,
        "fair_value": 23.51618,
        "relative_strength": 3.729041,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 78.613512,
        "energy": 91.590259,
        "activity_lines": [
          27.550126,
          27.021388,
          26.228421,
          25.775231
        ]
      },
      {
        "date": "2026-03-06",
        "close": 27.232213,
        "volume": 558235,
        "typical_volume": 295735.65,
        "trend": 25.371927,
        "fair_value": 23.545908,
        "relative_strength": 3.888623,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.611852,
        "energy": 76.566514,
        "activity_lines": [
          27.500358,
          27.148104,
          26.380125,
          25.902626
        ]
      },
      {
        "date": "2026-03-13",
        "close": 26.712851,
        "volume": 546989,
        "typical_volume": 310650.05,
        "trend": 25.455498,
        "fair_value": 23.571043,
        "relative_strength": 3.579271,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.09421,
        "energy": 59.632351,
        "activity_lines": [
          27.231044,
          27.143302,
          26.469216,
          25.989137
        ]
      },
      {
        "date": "2026-03-20",
        "close": 26.281682,
        "volume": 225605,
        "typical_volume": 307894.65,
        "trend": 25.505605,
        "fair_value": 23.592387,
        "relative_strength": 3.90054,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 47.48498,
        "energy": 38.996716,
        "activity_lines": [
          26.868822,
          27.031756,
          26.50781,
          26.042439
        ]
      },
      {
        "date": "2026-03-27",
        "close": 26.840241,
        "volume": 302888,
        "typical_volume": 309088.55,
        "trend": 25.574437,
        "fair_value": 23.61776,
        "relative_strength": 8.607304,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.062198,
        "energy": 26.106305,
        "activity_lines": [
          26.780139,
          27.011892,
          26.589728,
          26.128545
        ]
      },
      {
        "date": "2026-04-03",
        "close": 27.162312,
        "volume": 318174,
        "typical_volume": 315222.7,
        "trend": 25.652274,
        "fair_value": 23.645238,
        "relative_strength": 6.442387,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 43.413199,
        "energy": 26.934571,
        "activity_lines": [
          26.845032,
          27.037707,
          26.690744,
          26.230988
        ]
      },
      {
        "date": "2026-04-10",
        "close": 26.925086,
        "volume": 542222,
        "typical_volume": 322131.95,
        "trend": 25.72787,
        "fair_value": 23.670467,
        "relative_strength": 2.018165,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.098334,
        "energy": 23.76009,
        "activity_lines": [
          26.871441,
          27.003415,
          26.757288,
          26.313105
        ]
      },
      {
        "date": "2026-04-17",
        "close": 26.341907,
        "volume": 556555,
        "typical_volume": 344190.4,
        "trend": 25.795091,
        "fair_value": 23.69086,
        "relative_strength": -4.16614,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 34.031542,
        "energy": 21.505173,
        "activity_lines": [
          26.723932,
          26.856014,
          26.75713,
          26.352721
        ]
      },
      {
        "date": "2026-04-24",
        "close": 26.351791,
        "volume": 504092,
        "typical_volume": 359385.35,
        "trend": 25.853151,
        "fair_value": 23.711018,
        "relative_strength": -4.368785,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 17.805496,
        "energy": 11.671142,
        "activity_lines": [
          26.604447,
          26.731013,
          26.751759,
          26.388637
        ]
      },
      {
        "date": "2026-05-01",
        "close": 26.324333,
        "volume": 572286,
        "typical_volume": 373199.05,
        "trend": 25.902741,
        "fair_value": 23.730667,
        "relative_strength": -5.11749,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 7.870639,
        "energy": 13.46849,
        "activity_lines": [
          26.471136,
          26.623568,
          26.737317,
          26.419036
        ]
      },
      {
        "date": "2026-05-08",
        "close": 25.978999,
        "volume": 288643,
        "typical_volume": 372406.0,
        "trend": 25.964591,
        "fair_value": 23.747446,
        "relative_strength": -8.197641,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -7.998619,
        "energy": 21.568688,
        "activity_lines": [
          26.257107,
          26.475321,
          26.68492,
          26.423955
        ]
      },
      {
        "date": "2026-05-15",
        "close": 25.732332,
        "volume": 512403,
        "typical_volume": 387836.8,
        "trend": 26.006651,
        "fair_value": 23.762149,
        "relative_strength": -9.01307,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": -16.201259,
        "energy": 36.047168,
        "activity_lines": [
          26.039743,
          26.31481,
          26.604646,
          26.408971
        ]
      },
      {
        "date": "2026-05-22",
        "close": 26.3638,
        "volume": 345025,
        "typical_volume": 391801.45,
        "trend": 26.061043,
        "fair_value": 23.781279,
        "relative_strength": -7.356332,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": -2.394321,
        "energy": 27.904249,
        "activity_lines": [
          26.112385,
          26.296382,
          26.58194,
          26.432013
        ]
      },
      {
        "date": "2026-05-29",
        "close": 26.231076,
        "volume": 186434,
        "typical_volume": 391531.25,
        "trend": 26.128462,
        "fair_value": 23.79916,
        "relative_strength": -8.898515,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": -0.319376,
        "energy": 24.420761,
        "activity_lines": [
          26.139327,
          26.260169,
          26.540832,
          26.442983
        ]
      },
      {
        "date": "2026-06-05",
        "close": 26.350173,
        "volume": 359585,
        "typical_volume": 388021.35,
        "trend": 26.193157,
        "fair_value": 23.817646,
        "relative_strength": -5.945423,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 3.655099,
        "energy": 11.844106,
        "activity_lines": [
          26.214015,
          26.24653,
          26.508721,
          26.457287
        ]
      },
      {
        "date": "2026-06-12",
        "close": 26.747162,
        "volume": 473442,
        "typical_volume": 393802.8,
        "trend": 26.262475,
        "fair_value": 23.838722,
        "relative_strength": -4.878932,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.930823,
        "energy": 20.412455,
        "activity_lines": [
          26.419311,
          26.313981,
          26.513378,
          26.493029
        ]
      },
      {
        "date": "2026-06-19",
        "close": 26.300549,
        "volume": 256018,
        "typical_volume": 391527.55,
        "trend": 26.319776,
        "fair_value": 23.856306,
        "relative_strength": -7.097159,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -3.727995,
        "energy": 8.466494,
        "activity_lines": [
          26.424524,
          26.307778,
          26.473033,
          26.495485
        ]
      },
      {
        "date": "2026-06-26",
        "close": 26.812768,
        "volume": 345303,
        "typical_volume": 388234.5,
        "trend": 26.378561,
        "fair_value": 23.877274,
        "relative_strength": -2.879485,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 33.929248,
        "energy": 23.02837,
        "activity_lines": [
          26.562596,
          26.406061,
          26.48259,
          26.527291
        ]
      },
      {
        "date": "2026-07-03",
        "close": 26.976365,
        "volume": 219220,
        "typical_volume": 380674.25,
        "trend": 26.444565,
        "fair_value": 23.899099,
        "relative_strength": -4.22852,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 49.637142,
        "energy": 33.095152,
        "activity_lines": [
          26.725269,
          26.525528,
          26.510882,
          26.565859
        ]
      },
      {
        "date": "2026-07-10",
        "close": 26.976365,
        "volume": 334053,
        "typical_volume": 387266.0,
        "trend": 26.501768,
        "fair_value": 23.920618,
        "relative_strength": -5.359205,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 48.43986,
        "energy": 41.67533,
        "activity_lines": [
          26.838257,
          26.633639,
          26.542106,
          26.600169
        ]
      },
      {
        "date": "2026-07-17",
        "close": 27.453471,
        "volume": 399898,
        "typical_volume": 392353.5,
        "trend": 26.581608,
        "fair_value": 23.945152,
        "relative_strength": -2.096501,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.429053,
        "energy": 63.436016,
        "activity_lines": [
          27.068533,
          26.816641,
          26.621422,
          26.661569
        ]
      },
      {
        "date": "2026-07-24",
        "close": 27.532988,
        "volume": 431710,
        "typical_volume": 386027.25,
        "trend": 26.659629,
        "fair_value": 23.969895,
        "relative_strength": -1.180777,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.506715,
        "energy": 69.459705,
        "activity_lines": [
          27.278228,
          26.987292,
          26.709823,
          26.722948
        ]
      },
      {
        "date": "2026-07-31",
        "close": 27.63,
        "volume": 314389,
        "typical_volume": 374397.25,
        "trend": 26.742175,
        "fair_value": 23.994964,
        "relative_strength": -1.854585,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.338965,
        "energy": 74.516978,
        "activity_lines": [
          27.438097,
          27.142843,
          26.806031,
          26.785553
        ]
      },
      {
        "date": "2026-08-07",
        "close": 27.67,
        "volume": 463415,
        "typical_volume": 386287.75,
        "trend": 26.806555,
        "fair_value": 24.019965,
        "relative_strength": -4.950284,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.520688,
        "energy": 74.328632,
        "activity_lines": [
          27.556818,
          27.282644,
          26.901682,
          26.845413
        ]
      }
    ],
    "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."
    }
  }
}