{
  "ticker": {
    "uuid": "273c2dd7-764c-4421-9126-092c879b86bb",
    "symbol": "IN-FF17",
    "name": "INVESCO MARKETS II",
    "exchange": "TLV",
    "country": "IL",
    "assetType": "etf"
  },
  "methodBoundary": "The SM framework classifies the established weekly price path as the Core Trend. Faster and slower Trend views and Sharemaestro context describe that state but do not alter its direction.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "latest_close": 28.68,
    "direction": "negative",
    "state": "Negative across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 2633.0,
    "boundary_margin": -0.989107,
    "trend_agreement": "Fully aligned",
    "persistence": "Early",
    "direction_turnover": "Moderate",
    "annualized_volatility": 6.344697,
    "volatility_stability": 1.9412,
    "risk_context": 0.0158,
    "current_regime": {
      "move": 0.056354,
      "interruption": 0.063798,
      "interruption_label": "Largest rebound inside regime"
    },
    "research_priority": 66.023,
    "interpretation": {
      "label": "Negative across all Trend views",
      "headline": "All measured Trend views are negative",
      "body": "The faster, intermediate, established and Core Trend views point in the same direction, giving the current regime broad agreement.",
      "age_context": "The current Core Trend remains in its early lifecycle.",
      "boundary_context": "The latest close is 98.9% below the decision boundary.",
      "stability_context": "Recent Core Trend turnover is moderate."
    },
    "chart_path": [
      {
        "date": "2025-08-15",
        "close": 2638.0,
        "direction_boundary": 2427.0,
        "core_momentum": 0.086939,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.1183
      },
      {
        "date": "2025-08-22",
        "close": 2646.0,
        "direction_boundary": 2486.0,
        "core_momentum": 0.06436,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.1182
      },
      {
        "date": "2025-08-29",
        "close": 2610.0,
        "direction_boundary": 2463.0,
        "core_momentum": 0.059683,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.117943
      },
      {
        "date": "2025-09-05",
        "close": 2625.0,
        "direction_boundary": 2441.0,
        "core_momentum": 0.075379,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.118081
      },
      {
        "date": "2025-09-12",
        "close": 2655.0,
        "direction_boundary": 2474.0,
        "core_momentum": 0.073161,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.116163
      },
      {
        "date": "2025-09-19",
        "close": 2692.0,
        "direction_boundary": 2565.0,
        "core_momentum": 0.049513,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.111239
      },
      {
        "date": "2025-09-26",
        "close": 2681.0,
        "direction_boundary": 2553.0,
        "core_momentum": 0.050137,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.111374
      },
      {
        "date": "2025-10-03",
        "close": 2666.0,
        "direction_boundary": 2564.0,
        "core_momentum": 0.039782,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.09916
      },
      {
        "date": "2025-10-10",
        "close": 2662.0,
        "direction_boundary": 2589.0,
        "core_momentum": 0.028196,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.094172
      },
      {
        "date": "2025-10-17",
        "close": 2682.0,
        "direction_boundary": 2605.0,
        "core_momentum": 0.029559,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.093699
      },
      {
        "date": "2025-10-24",
        "close": 2692.0,
        "direction_boundary": 2599.0,
        "core_momentum": 0.035783,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.093619
      },
      {
        "date": "2025-10-31",
        "close": 2698.0,
        "direction_boundary": 2514.0,
        "core_momentum": 0.07319,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.092288
      },
      {
        "date": "2025-11-07",
        "close": 2680.0,
        "direction_boundary": 2601.0,
        "core_momentum": 0.030373,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.092536
      },
      {
        "date": "2025-11-14",
        "close": 2668.0,
        "direction_boundary": 2588.0,
        "core_momentum": 0.030912,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.08941
      },
      {
        "date": "2025-11-21",
        "close": 2654.0,
        "direction_boundary": 2556.0,
        "core_momentum": 0.038341,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.088808
      },
      {
        "date": "2025-11-28",
        "close": 2700.0,
        "direction_boundary": 2547.0,
        "core_momentum": 0.060071,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.088925
      },
      {
        "date": "2025-12-05",
        "close": 2692.0,
        "direction_boundary": 2550.0,
        "core_momentum": 0.055686,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.089158
      },
      {
        "date": "2025-12-12",
        "close": 2679.0,
        "direction_boundary": 2519.0,
        "core_momentum": 0.063517,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.080451
      },
      {
        "date": "2025-12-19",
        "close": 2658.0,
        "direction_boundary": 2495.0,
        "core_momentum": 0.065331,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.059755
      },
      {
        "date": "2025-12-26",
        "close": 2684.0,
        "direction_boundary": 2537.0,
        "core_momentum": 0.057942,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.06064
      },
      {
        "date": "2026-01-02",
        "close": 2688.0,
        "direction_boundary": 2507.0,
        "core_momentum": 0.072198,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.06052
      },
      {
        "date": "2026-01-09",
        "close": 2694.0,
        "direction_boundary": 2514.0,
        "core_momentum": 0.071599,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.058096
      },
      {
        "date": "2026-01-16",
        "close": 2698.0,
        "direction_boundary": 2493.0,
        "core_momentum": 0.08223,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.056003
      },
      {
        "date": "2026-01-23",
        "close": 2684.0,
        "direction_boundary": 2520.0,
        "core_momentum": 0.065079,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.053248
      },
      {
        "date": "2026-01-30",
        "close": 2664.0,
        "direction_boundary": 2539.0,
        "core_momentum": 0.049232,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.054175
      },
      {
        "date": "2026-02-06",
        "close": 2670.0,
        "direction_boundary": 2525.0,
        "core_momentum": 0.057426,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.051886
      },
      {
        "date": "2026-02-13",
        "close": 2656.0,
        "direction_boundary": 2548.0,
        "core_momentum": 0.042386,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.052456
      },
      {
        "date": "2026-02-20",
        "close": 2706.0,
        "direction_boundary": 2542.0,
        "core_momentum": 0.064516,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.058257
      },
      {
        "date": "2026-02-27",
        "close": 2740.0,
        "direction_boundary": 2505.0,
        "core_momentum": 0.093812,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.056456
      },
      {
        "date": "2026-03-06",
        "close": 2616.0,
        "direction_boundary": 2508.0,
        "core_momentum": 0.043062,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.087132
      },
      {
        "date": "2026-03-13",
        "close": 2610.0,
        "direction_boundary": 2470.0,
        "core_momentum": 0.05668,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.085573
      },
      {
        "date": "2026-03-20",
        "close": 2550.0,
        "direction_boundary": 2542.0,
        "core_momentum": 0.003147,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.088419
      },
      {
        "date": "2026-03-27",
        "close": 2536.0,
        "direction_boundary": 2535.0,
        "core_momentum": 0.000394,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.088505
      },
      {
        "date": "2026-04-03",
        "close": 2611.0,
        "direction_boundary": 2450.0,
        "core_momentum": 0.065714,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.098354
      },
      {
        "date": "2026-04-10",
        "close": 2616.0,
        "direction_boundary": 2404.0,
        "core_momentum": 0.088186,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.098419
      },
      {
        "date": "2026-04-17",
        "close": 2637.0,
        "direction_boundary": 2396.0,
        "core_momentum": 0.100584,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.098506
      },
      {
        "date": "2026-04-24",
        "close": 2642.0,
        "direction_boundary": 2413.0,
        "core_momentum": 0.094903,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.098376
      },
      {
        "date": "2026-05-01",
        "close": 2640.0,
        "direction_boundary": 2450.0,
        "core_momentum": 0.077551,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.098285
      },
      {
        "date": "2026-05-08",
        "close": 2656.0,
        "direction_boundary": 2480.0,
        "core_momentum": 0.070968,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.098353
      },
      {
        "date": "2026-05-15",
        "close": 2665.0,
        "direction_boundary": 2532.0,
        "core_momentum": 0.052528,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.098296
      },
      {
        "date": "2026-05-22",
        "close": 2650.0,
        "direction_boundary": 2562.0,
        "core_momentum": 0.034348,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.098338
      },
      {
        "date": "2026-05-29",
        "close": 2629.0,
        "direction_boundary": 2529.0,
        "core_momentum": 0.039541,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.095666
      },
      {
        "date": "2026-06-05",
        "close": 27.15,
        "direction_boundary": 2542.0,
        "core_momentum": -0.989319,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 6.340992
      },
      {
        "date": "2026-06-12",
        "close": 26.96,
        "direction_boundary": 2618.0,
        "core_momentum": -0.989702,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 6.340875
      },
      {
        "date": "2026-06-19",
        "close": 27.67,
        "direction_boundary": 2521.0,
        "core_momentum": -0.989024,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 6.342853
      },
      {
        "date": "2026-06-26",
        "close": 27.35,
        "direction_boundary": 2522.0,
        "core_momentum": -0.989155,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 6.341674
      },
      {
        "date": "2026-07-03",
        "close": 27.99,
        "direction_boundary": 2535.0,
        "core_momentum": -0.988959,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 6.342959
      },
      {
        "date": "2026-07-10",
        "close": 28.04,
        "direction_boundary": 2511.0,
        "core_momentum": -0.988833,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 6.342934
      },
      {
        "date": "2026-07-17",
        "close": 28.02,
        "direction_boundary": 2545.0,
        "core_momentum": -0.98899,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 6.342812
      },
      {
        "date": "2026-07-24",
        "close": 28.06,
        "direction_boundary": 2586.0,
        "core_momentum": -0.989149,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 6.343175
      },
      {
        "date": "2026-07-31",
        "close": 28.39,
        "direction_boundary": 2602.0,
        "core_momentum": -0.989089,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 6.344246
      },
      {
        "date": "2026-08-07",
        "close": 28.68,
        "direction_boundary": 2633.0,
        "core_momentum": -0.989107,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 6.344697
      }
    ],
    "price_history": [
      {
        "date": "2024-08-16",
        "close": 2427.0,
        "volume": 565907
      },
      {
        "date": "2024-08-23",
        "close": 2486.0,
        "volume": 950995
      },
      {
        "date": "2024-08-30",
        "close": 2463.0,
        "volume": 960546
      },
      {
        "date": "2024-09-06",
        "close": 2441.0,
        "volume": 582387
      },
      {
        "date": "2024-09-13",
        "close": 2474.0,
        "volume": 771191
      },
      {
        "date": "2024-09-20",
        "close": 2565.0,
        "volume": 554429
      },
      {
        "date": "2024-09-27",
        "close": 2553.0,
        "volume": 962964
      },
      {
        "date": "2024-10-04",
        "close": 2564.0,
        "volume": 643989
      },
      {
        "date": "2024-10-11",
        "close": 2589.0,
        "volume": 908462
      },
      {
        "date": "2024-10-18",
        "close": 2605.0,
        "volume": 385409
      },
      {
        "date": "2024-10-25",
        "close": 2599.0,
        "volume": 516863
      },
      {
        "date": "2024-11-01",
        "close": 2514.0,
        "volume": 830153
      },
      {
        "date": "2024-11-08",
        "close": 2601.0,
        "volume": 612100
      },
      {
        "date": "2024-11-15",
        "close": 2588.0,
        "volume": 731055
      },
      {
        "date": "2024-11-22",
        "close": 2556.0,
        "volume": 629895
      },
      {
        "date": "2024-11-29",
        "close": 2547.0,
        "volume": 507165
      },
      {
        "date": "2024-12-06",
        "close": 2550.0,
        "volume": 667474
      },
      {
        "date": "2024-12-13",
        "close": 2519.0,
        "volume": 593480
      },
      {
        "date": "2024-12-20",
        "close": 2495.0,
        "volume": 693193
      },
      {
        "date": "2024-12-27",
        "close": 2537.0,
        "volume": 232457
      },
      {
        "date": "2025-01-03",
        "close": 2507.0,
        "volume": 757705
      },
      {
        "date": "2025-01-10",
        "close": 2514.0,
        "volume": 782079
      },
      {
        "date": "2025-01-17",
        "close": 2493.0,
        "volume": 689632
      },
      {
        "date": "2025-01-24",
        "close": 2520.0,
        "volume": 505973
      },
      {
        "date": "2025-01-31",
        "close": 2539.0,
        "volume": 678198
      },
      {
        "date": "2025-02-07",
        "close": 2525.0,
        "volume": 541347
      },
      {
        "date": "2025-02-14",
        "close": 2548.0,
        "volume": 657948
      },
      {
        "date": "2025-02-21",
        "close": 2542.0,
        "volume": 677852
      },
      {
        "date": "2025-02-28",
        "close": 2505.0,
        "volume": 360578
      },
      {
        "date": "2025-03-07",
        "close": 2508.0,
        "volume": 677112
      },
      {
        "date": "2025-03-14",
        "close": 2470.0,
        "volume": 761081
      },
      {
        "date": "2025-03-21",
        "close": 2542.0,
        "volume": 615367
      },
      {
        "date": "2025-03-28",
        "close": 2535.0,
        "volume": 400774
      },
      {
        "date": "2025-04-04",
        "close": 2450.0,
        "volume": 508085
      },
      {
        "date": "2025-04-11",
        "close": 2404.0,
        "volume": 1292794
      },
      {
        "date": "2025-04-18",
        "close": 2396.0,
        "volume": 671107
      },
      {
        "date": "2025-04-25",
        "close": 2413.0,
        "volume": 569333
      },
      {
        "date": "2025-05-02",
        "close": 2450.0,
        "volume": 295292
      },
      {
        "date": "2025-05-09",
        "close": 2480.0,
        "volume": 615764
      },
      {
        "date": "2025-05-16",
        "close": 2532.0,
        "volume": 545573
      },
      {
        "date": "2025-05-23",
        "close": 2562.0,
        "volume": 524931
      },
      {
        "date": "2025-05-30",
        "close": 2529.0,
        "volume": 761433
      },
      {
        "date": "2025-06-06",
        "close": 2542.0,
        "volume": 478560
      },
      {
        "date": "2025-06-13",
        "close": 2618.0,
        "volume": 529017
      },
      {
        "date": "2025-06-20",
        "close": 2521.0,
        "volume": 703698
      },
      {
        "date": "2025-06-27",
        "close": 2522.0,
        "volume": 704830
      },
      {
        "date": "2025-07-04",
        "close": 2535.0,
        "volume": 691562
      },
      {
        "date": "2025-07-11",
        "close": 2511.0,
        "volume": 610183
      },
      {
        "date": "2025-07-18",
        "close": 2545.0,
        "volume": 713659
      },
      {
        "date": "2025-07-25",
        "close": 2586.0,
        "volume": 443019
      },
      {
        "date": "2025-08-01",
        "close": 2602.0,
        "volume": 566437
      },
      {
        "date": "2025-08-08",
        "close": 2633.0,
        "volume": 490478
      },
      {
        "date": "2025-08-15",
        "close": 2638.0,
        "volume": 693859
      },
      {
        "date": "2025-08-22",
        "close": 2646.0,
        "volume": 691392
      },
      {
        "date": "2025-08-29",
        "close": 2610.0,
        "volume": 591511
      },
      {
        "date": "2025-09-05",
        "close": 2625.0,
        "volume": 478130
      },
      {
        "date": "2025-09-12",
        "close": 2655.0,
        "volume": 592392
      },
      {
        "date": "2025-09-19",
        "close": 2692.0,
        "volume": 726591
      },
      {
        "date": "2025-09-26",
        "close": 2681.0,
        "volume": 372115
      },
      {
        "date": "2025-10-03",
        "close": 2666.0,
        "volume": 307465
      },
      {
        "date": "2025-10-10",
        "close": 2662.0,
        "volume": 335614
      },
      {
        "date": "2025-10-17",
        "close": 2682.0,
        "volume": 504112
      },
      {
        "date": "2025-10-24",
        "close": 2692.0,
        "volume": 723202
      },
      {
        "date": "2025-10-31",
        "close": 2698.0,
        "volume": 658699
      },
      {
        "date": "2025-11-07",
        "close": 2680.0,
        "volume": 744782
      },
      {
        "date": "2025-11-14",
        "close": 2668.0,
        "volume": 937930
      },
      {
        "date": "2025-11-21",
        "close": 2654.0,
        "volume": 841571
      },
      {
        "date": "2025-11-28",
        "close": 2700.0,
        "volume": 575112
      },
      {
        "date": "2025-12-05",
        "close": 2692.0,
        "volume": 710806
      },
      {
        "date": "2025-12-12",
        "close": 2679.0,
        "volume": 701674
      },
      {
        "date": "2025-12-19",
        "close": 2658.0,
        "volume": 783772
      },
      {
        "date": "2025-12-26",
        "close": 2684.0,
        "volume": 557375
      },
      {
        "date": "2026-01-02",
        "close": 2688.0,
        "volume": 619526
      },
      {
        "date": "2026-01-09",
        "close": 2694.0,
        "volume": 970498
      },
      {
        "date": "2026-01-16",
        "close": 2698.0,
        "volume": 825298
      },
      {
        "date": "2026-01-23",
        "close": 2684.0,
        "volume": 547042
      },
      {
        "date": "2026-01-30",
        "close": 2664.0,
        "volume": 543586
      },
      {
        "date": "2026-02-06",
        "close": 2670.0,
        "volume": 896378
      },
      {
        "date": "2026-02-13",
        "close": 2656.0,
        "volume": 991568
      },
      {
        "date": "2026-02-20",
        "close": 2706.0,
        "volume": 720058
      },
      {
        "date": "2026-02-27",
        "close": 2740.0,
        "volume": 599743
      },
      {
        "date": "2026-03-06",
        "close": 2616.0,
        "volume": 960038
      },
      {
        "date": "2026-03-13",
        "close": 2610.0,
        "volume": 764004
      },
      {
        "date": "2026-03-20",
        "close": 2550.0,
        "volume": 867357
      },
      {
        "date": "2026-03-27",
        "close": 2536.0,
        "volume": 655163
      },
      {
        "date": "2026-04-03",
        "close": 2611.0,
        "volume": 482945
      },
      {
        "date": "2026-04-10",
        "close": 2616.0,
        "volume": 599498
      },
      {
        "date": "2026-04-17",
        "close": 2637.0,
        "volume": 887017
      },
      {
        "date": "2026-04-24",
        "close": 2642.0,
        "volume": 482187
      },
      {
        "date": "2026-05-01",
        "close": 2640.0,
        "volume": 554643
      },
      {
        "date": "2026-05-08",
        "close": 2656.0,
        "volume": 704055
      },
      {
        "date": "2026-05-15",
        "close": 2665.0,
        "volume": 616784
      },
      {
        "date": "2026-05-22",
        "close": 2650.0,
        "volume": 438890
      },
      {
        "date": "2026-05-29",
        "close": 2629.0,
        "volume": 699577
      },
      {
        "date": "2026-06-05",
        "close": 27.15,
        "volume": 67038
      },
      {
        "date": "2026-06-12",
        "close": 26.96,
        "volume": 47373
      },
      {
        "date": "2026-06-19",
        "close": 27.67,
        "volume": 44534
      },
      {
        "date": "2026-06-26",
        "close": 27.35,
        "volume": 48049
      },
      {
        "date": "2026-07-03",
        "close": 27.99,
        "volume": 70711
      },
      {
        "date": "2026-07-10",
        "close": 28.04,
        "volume": 939063
      },
      {
        "date": "2026-07-17",
        "close": 28.02,
        "volume": 780993
      },
      {
        "date": "2026-07-24",
        "close": 28.06,
        "volume": 483947
      },
      {
        "date": "2026-07-31",
        "close": 28.39,
        "volume": 620617
      },
      {
        "date": "2026-08-07",
        "close": 28.68,
        "volume": 769259
      }
    ],
    "sharemaestro_context": {
      "trend": 1771.810333,
      "fair_value": 2337.98375,
      "market_activity": -99.841309,
      "market_dynamics": -0.863294,
      "relative_strength": -98.821374
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 2,
        "median_return": 0.022615,
        "directional_follow_through": 0.0,
        "regime_survival": 1.0,
        "conditional_difference": 0.01905,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      },
      {
        "horizon": "Longer term",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 0,
        "median_return": null,
        "directional_follow_through": null,
        "regime_survival": null,
        "conditional_difference": null,
        "sufficient": false
      }
    ],
    "regime_history": [
      {
        "direction": "positive",
        "start": "2025-08-15",
        "end": "2026-05-29",
        "tenure": "Extended",
        "return": -0.003412
      },
      {
        "direction": "negative",
        "start": "2026-06-05",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": 0.056354
      }
    ]
  }
}