{
  "ticker": {
    "uuid": "8ec5f28e-b63c-49c8-bc33-38343a79e5b8",
    "symbol": "TSLI",
    "name": "IncomeShares Tesla TSLA Options ETP",
    "exchange": "LSE",
    "country": "GB",
    "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": 3.16,
    "direction": "negative",
    "state": "Negative across all Trend views",
    "is_fresh": false,
    "is_near_boundary": false,
    "direction_boundary": 4.287864,
    "boundary_margin": -0.263036,
    "trend_agreement": "Fully aligned",
    "persistence": "Early",
    "direction_turnover": "High",
    "annualized_volatility": 0.491719,
    "volatility_stability": 1.134,
    "risk_context": 0.2034,
    "current_regime": {
      "move": -0.180179,
      "interruption": 0.013633,
      "interruption_label": "Largest rebound inside regime"
    },
    "research_priority": 57.586,
    "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 26.3% below the decision boundary.",
      "stability_context": "Recent Core Trend turnover is high."
    },
    "chart_path": [
      {
        "date": "2025-08-15",
        "close": 4.374002,
        "direction_boundary": 4.234039,
        "core_momentum": 0.033057,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.456481
      },
      {
        "date": "2025-08-22",
        "close": 4.436767,
        "direction_boundary": 4.358626,
        "core_momentum": 0.017928,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.456898
      },
      {
        "date": "2025-08-29",
        "close": 4.49953,
        "direction_boundary": 4.093247,
        "core_momentum": 0.099257,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.384278
      },
      {
        "date": "2025-09-05",
        "close": 4.458409,
        "direction_boundary": 4.019358,
        "core_momentum": 0.109234,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.350744
      },
      {
        "date": "2025-09-12",
        "close": 4.8588,
        "direction_boundary": 4.355843,
        "core_momentum": 0.115467,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.36421
      },
      {
        "date": "2025-09-19",
        "close": 5.221316,
        "direction_boundary": 4.534396,
        "core_momentum": 0.151491,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.372674
      },
      {
        "date": "2025-09-26",
        "close": 5.306806,
        "direction_boundary": 4.842416,
        "core_momentum": 0.0959,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.367636
      },
      {
        "date": "2025-10-03",
        "close": 5.140156,
        "direction_boundary": 4.514761,
        "core_momentum": 0.138522,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.363597
      },
      {
        "date": "2025-10-10",
        "close": 5.116349,
        "direction_boundary": 4.097523,
        "core_momentum": 0.248644,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.364501
      },
      {
        "date": "2025-10-17",
        "close": 5.37498,
        "direction_boundary": 4.165632,
        "core_momentum": 0.290316,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.367532
      },
      {
        "date": "2025-10-24",
        "close": 5.465334,
        "direction_boundary": 4.465674,
        "core_momentum": 0.223854,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.354919
      },
      {
        "date": "2025-10-31",
        "close": 5.728839,
        "direction_boundary": 4.199451,
        "core_momentum": 0.364188,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.357904
      },
      {
        "date": "2025-11-07",
        "close": 5.159635,
        "direction_boundary": 4.511942,
        "core_momentum": 0.143551,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.389277
      },
      {
        "date": "2025-11-14",
        "close": 4.958357,
        "direction_boundary": 4.617837,
        "core_momentum": 0.07374,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.386687
      },
      {
        "date": "2025-11-21",
        "close": 5.010299,
        "direction_boundary": 4.8881,
        "core_momentum": 0.024999,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.385026
      },
      {
        "date": "2025-11-28",
        "close": 5.469127,
        "direction_boundary": 4.769211,
        "core_momentum": 0.146757,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.394912
      },
      {
        "date": "2025-12-05",
        "close": 5.68225,
        "direction_boundary": 4.718536,
        "core_momentum": 0.20424,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.325138
      },
      {
        "date": "2025-12-12",
        "close": 5.655008,
        "direction_boundary": 4.966709,
        "core_momentum": 0.138583,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.321077
      },
      {
        "date": "2025-12-19",
        "close": 6.015966,
        "direction_boundary": 5.098591,
        "core_momentum": 0.179927,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.32735
      },
      {
        "date": "2025-12-26",
        "close": 6.095423,
        "direction_boundary": 5.192794,
        "core_momentum": 0.173823,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.326636
      },
      {
        "date": "2026-01-02",
        "close": 5.629821,
        "direction_boundary": 4.697329,
        "core_momentum": 0.198515,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.344779
      },
      {
        "date": "2026-01-09",
        "close": 5.607111,
        "direction_boundary": 4.663702,
        "core_momentum": 0.202288,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.34527
      },
      {
        "date": "2026-01-16",
        "close": 5.626235,
        "direction_boundary": 5.051818,
        "core_momentum": 0.113705,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.336371
      },
      {
        "date": "2026-01-23",
        "close": 5.77206,
        "direction_boundary": 4.953738,
        "core_momentum": 0.165193,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.336088
      },
      {
        "date": "2026-01-30",
        "close": 5.603525,
        "direction_boundary": 5.088247,
        "core_momentum": 0.101268,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.323602
      },
      {
        "date": "2026-02-06",
        "close": 5.044128,
        "direction_boundary": 4.587488,
        "core_momentum": 0.09954,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.356122
      },
      {
        "date": "2026-02-13",
        "close": 5.139751,
        "direction_boundary": 4.406226,
        "core_momentum": 0.166475,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.35604
      },
      {
        "date": "2026-02-20",
        "close": 5.079987,
        "direction_boundary": 4.392053,
        "core_momentum": 0.156632,
        "direction": "positive",
        "trend_agreement": 1.0,
        "volatility": 0.356685
      },
      {
        "date": "2026-02-27",
        "close": 5.034566,
        "direction_boundary": 3.701319,
        "core_momentum": 0.360209,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.356973
      },
      {
        "date": "2026-03-06",
        "close": 4.821804,
        "direction_boundary": 3.338307,
        "core_momentum": 0.444386,
        "direction": "positive",
        "trend_agreement": 0.75,
        "volatility": 0.362614
      },
      {
        "date": "2026-03-13",
        "close": 4.800289,
        "direction_boundary": 3.305692,
        "core_momentum": 0.452128,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.342342
      },
      {
        "date": "2026-03-20",
        "close": 4.608086,
        "direction_boundary": 3.345295,
        "core_momentum": 0.377483,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.33014
      },
      {
        "date": "2026-03-27",
        "close": 4.489991,
        "direction_boundary": 3.5503,
        "core_momentum": 0.264679,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.329947
      },
      {
        "date": "2026-04-03",
        "close": 4.166656,
        "direction_boundary": 3.392464,
        "core_momentum": 0.228209,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.341698
      },
      {
        "date": "2026-04-10",
        "close": 3.92443,
        "direction_boundary": 3.474956,
        "core_momentum": 0.129347,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.349097
      },
      {
        "date": "2026-04-17",
        "close": 4.617649,
        "direction_boundary": 3.511905,
        "core_momentum": 0.314856,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.416607
      },
      {
        "date": "2026-04-24",
        "close": 4.078985,
        "direction_boundary": 3.814374,
        "core_momentum": 0.069372,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.446056
      },
      {
        "date": "2026-05-01",
        "close": 4.120417,
        "direction_boundary": 3.876524,
        "core_momentum": 0.062915,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.439279
      },
      {
        "date": "2026-05-08",
        "close": 4.37354,
        "direction_boundary": 4.096652,
        "core_momentum": 0.067589,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.429448
      },
      {
        "date": "2026-05-15",
        "close": 4.322643,
        "direction_boundary": 4.364425,
        "core_momentum": -0.009573,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.426833
      },
      {
        "date": "2026-05-22",
        "close": 4.765,
        "direction_boundary": 4.276756,
        "core_momentum": 0.114162,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.449676
      },
      {
        "date": "2026-05-29",
        "close": 4.391718,
        "direction_boundary": 4.535,
        "core_momentum": -0.031595,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.443457
      },
      {
        "date": "2026-06-05",
        "close": 4.074686,
        "direction_boundary": 3.903224,
        "core_momentum": 0.043928,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.447387
      },
      {
        "date": "2026-06-12",
        "close": 4.084783,
        "direction_boundary": 4.11904,
        "core_momentum": -0.008317,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.44776
      },
      {
        "date": "2026-06-19",
        "close": 4.120361,
        "direction_boundary": 4.101928,
        "core_momentum": 0.004494,
        "direction": "positive",
        "trend_agreement": 0.25,
        "volatility": 0.436007
      },
      {
        "date": "2026-06-26",
        "close": 3.96747,
        "direction_boundary": 4.225741,
        "core_momentum": -0.061119,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.435261
      },
      {
        "date": "2026-07-03",
        "close": 3.9775,
        "direction_boundary": 4.073001,
        "core_momentum": -0.023447,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.426305
      },
      {
        "date": "2026-07-10",
        "close": 4.091,
        "direction_boundary": 4.082841,
        "core_momentum": 0.001998,
        "direction": "positive",
        "trend_agreement": 0.5,
        "volatility": 0.430031
      },
      {
        "date": "2026-07-17",
        "close": 3.8545,
        "direction_boundary": 4.363929,
        "core_momentum": -0.116736,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.434325
      },
      {
        "date": "2026-07-24",
        "close": 3.1415,
        "direction_boundary": 4.330772,
        "core_momentum": -0.27461,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.503526
      },
      {
        "date": "2026-07-31",
        "close": 3.1175,
        "direction_boundary": 4.05975,
        "core_momentum": -0.232096,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.503903
      },
      {
        "date": "2026-08-07",
        "close": 3.16,
        "direction_boundary": 4.287864,
        "core_momentum": -0.263036,
        "direction": "negative",
        "trend_agreement": 1.0,
        "volatility": 0.491719
      }
    ],
    "price_history": [
      {
        "date": "2024-08-16",
        "close": 4.234039,
        "volume": 0
      },
      {
        "date": "2024-08-23",
        "close": 4.358626,
        "volume": 0
      },
      {
        "date": "2024-08-30",
        "close": 4.093247,
        "volume": 0
      },
      {
        "date": "2024-09-06",
        "close": 4.019358,
        "volume": 0
      },
      {
        "date": "2024-09-13",
        "close": 4.355843,
        "volume": 3911
      },
      {
        "date": "2024-09-20",
        "close": 4.534396,
        "volume": 404
      },
      {
        "date": "2024-09-27",
        "close": 4.842416,
        "volume": 1027
      },
      {
        "date": "2024-10-04",
        "close": 4.514761,
        "volume": 2033
      },
      {
        "date": "2024-10-11",
        "close": 4.097523,
        "volume": 1723
      },
      {
        "date": "2024-10-18",
        "close": 4.165632,
        "volume": 1507
      },
      {
        "date": "2024-10-25",
        "close": 4.465674,
        "volume": 187
      },
      {
        "date": "2024-11-01",
        "close": 4.199451,
        "volume": 2277
      },
      {
        "date": "2024-11-08",
        "close": 4.511942,
        "volume": 2961
      },
      {
        "date": "2024-11-15",
        "close": 4.617837,
        "volume": 1204
      },
      {
        "date": "2024-11-22",
        "close": 4.8881,
        "volume": 1936
      },
      {
        "date": "2024-11-29",
        "close": 4.769211,
        "volume": 3158
      },
      {
        "date": "2024-12-06",
        "close": 4.718536,
        "volume": 5040
      },
      {
        "date": "2024-12-13",
        "close": 4.966709,
        "volume": 3243
      },
      {
        "date": "2024-12-20",
        "close": 5.098591,
        "volume": 8700
      },
      {
        "date": "2024-12-27",
        "close": 5.192794,
        "volume": 9272
      },
      {
        "date": "2025-01-03",
        "close": 4.697329,
        "volume": 14905
      },
      {
        "date": "2025-01-10",
        "close": 4.663702,
        "volume": 5192
      },
      {
        "date": "2025-01-17",
        "close": 5.051818,
        "volume": 5764
      },
      {
        "date": "2025-01-24",
        "close": 4.953738,
        "volume": 7956
      },
      {
        "date": "2025-01-31",
        "close": 5.088247,
        "volume": 5499
      },
      {
        "date": "2025-02-07",
        "close": 4.587488,
        "volume": 15099
      },
      {
        "date": "2025-02-14",
        "close": 4.406226,
        "volume": 23861
      },
      {
        "date": "2025-02-21",
        "close": 4.392053,
        "volume": 9394
      },
      {
        "date": "2025-02-28",
        "close": 3.701319,
        "volume": 20313
      },
      {
        "date": "2025-03-07",
        "close": 3.338307,
        "volume": 14902
      },
      {
        "date": "2025-03-14",
        "close": 3.305692,
        "volume": 23093
      },
      {
        "date": "2025-03-21",
        "close": 3.345295,
        "volume": 5735
      },
      {
        "date": "2025-03-28",
        "close": 3.5503,
        "volume": 4290
      },
      {
        "date": "2025-04-04",
        "close": 3.392464,
        "volume": 24849
      },
      {
        "date": "2025-04-11",
        "close": 3.474956,
        "volume": 10631
      },
      {
        "date": "2025-04-18",
        "close": 3.511905,
        "volume": 7716
      },
      {
        "date": "2025-04-25",
        "close": 3.814374,
        "volume": 9995
      },
      {
        "date": "2025-05-02",
        "close": 3.876524,
        "volume": 12222
      },
      {
        "date": "2025-05-09",
        "close": 4.096652,
        "volume": 8192
      },
      {
        "date": "2025-05-16",
        "close": 4.364425,
        "volume": 17993
      },
      {
        "date": "2025-05-23",
        "close": 4.276756,
        "volume": 13434
      },
      {
        "date": "2025-05-30",
        "close": 4.535,
        "volume": 9243
      },
      {
        "date": "2025-06-06",
        "close": 3.903224,
        "volume": 17024
      },
      {
        "date": "2025-06-13",
        "close": 4.11904,
        "volume": 8361
      },
      {
        "date": "2025-06-20",
        "close": 4.101928,
        "volume": 6137
      },
      {
        "date": "2025-06-27",
        "close": 4.225741,
        "volume": 7017
      },
      {
        "date": "2025-07-04",
        "close": 4.073001,
        "volume": 17819
      },
      {
        "date": "2025-07-11",
        "close": 4.082841,
        "volume": 11286
      },
      {
        "date": "2025-07-18",
        "close": 4.363929,
        "volume": 7556
      },
      {
        "date": "2025-07-25",
        "close": 4.330772,
        "volume": 27660
      },
      {
        "date": "2025-08-01",
        "close": 4.05975,
        "volume": 10754
      },
      {
        "date": "2025-08-08",
        "close": 4.287864,
        "volume": 14884
      },
      {
        "date": "2025-08-15",
        "close": 4.374002,
        "volume": 7769
      },
      {
        "date": "2025-08-22",
        "close": 4.436767,
        "volume": 28683
      },
      {
        "date": "2025-08-29",
        "close": 4.49953,
        "volume": 20552
      },
      {
        "date": "2025-09-05",
        "close": 4.458409,
        "volume": 8757
      },
      {
        "date": "2025-09-12",
        "close": 4.8588,
        "volume": 16514
      },
      {
        "date": "2025-09-19",
        "close": 5.221316,
        "volume": 23774
      },
      {
        "date": "2025-09-26",
        "close": 5.306806,
        "volume": 9456
      },
      {
        "date": "2025-10-03",
        "close": 5.140156,
        "volume": 35281
      },
      {
        "date": "2025-10-10",
        "close": 5.116349,
        "volume": 33357
      },
      {
        "date": "2025-10-17",
        "close": 5.37498,
        "volume": 40618
      },
      {
        "date": "2025-10-24",
        "close": 5.465334,
        "volume": 16303
      },
      {
        "date": "2025-10-31",
        "close": 5.728839,
        "volume": 70828
      },
      {
        "date": "2025-11-07",
        "close": 5.159635,
        "volume": 80822
      },
      {
        "date": "2025-11-14",
        "close": 4.958357,
        "volume": 29326
      },
      {
        "date": "2025-11-21",
        "close": 5.010299,
        "volume": 84092
      },
      {
        "date": "2025-11-28",
        "close": 5.469127,
        "volume": 40275
      },
      {
        "date": "2025-12-05",
        "close": 5.68225,
        "volume": 54288
      },
      {
        "date": "2025-12-12",
        "close": 5.655008,
        "volume": 5078
      },
      {
        "date": "2025-12-19",
        "close": 6.015966,
        "volume": 57313
      },
      {
        "date": "2025-12-26",
        "close": 6.095423,
        "volume": 6762
      },
      {
        "date": "2026-01-02",
        "close": 5.629821,
        "volume": 52365
      },
      {
        "date": "2026-01-09",
        "close": 5.607111,
        "volume": 61324
      },
      {
        "date": "2026-01-16",
        "close": 5.626235,
        "volume": 35682
      },
      {
        "date": "2026-01-23",
        "close": 5.77206,
        "volume": 15818
      },
      {
        "date": "2026-01-30",
        "close": 5.603525,
        "volume": 13519
      },
      {
        "date": "2026-02-06",
        "close": 5.044128,
        "volume": 49381
      },
      {
        "date": "2026-02-13",
        "close": 5.139751,
        "volume": 24168
      },
      {
        "date": "2026-02-20",
        "close": 5.079987,
        "volume": 20949
      },
      {
        "date": "2026-02-27",
        "close": 5.034566,
        "volume": 25362
      },
      {
        "date": "2026-03-06",
        "close": 4.821804,
        "volume": 45861
      },
      {
        "date": "2026-03-13",
        "close": 4.800289,
        "volume": 9284
      },
      {
        "date": "2026-03-20",
        "close": 4.608086,
        "volume": 18024
      },
      {
        "date": "2026-03-27",
        "close": 4.489991,
        "volume": 12070
      },
      {
        "date": "2026-04-03",
        "close": 4.166656,
        "volume": 60467
      },
      {
        "date": "2026-04-10",
        "close": 3.92443,
        "volume": 29209
      },
      {
        "date": "2026-04-17",
        "close": 4.617649,
        "volume": 19502
      },
      {
        "date": "2026-04-24",
        "close": 4.078985,
        "volume": 52084
      },
      {
        "date": "2026-05-01",
        "close": 4.120417,
        "volume": 26724
      },
      {
        "date": "2026-05-08",
        "close": 4.37354,
        "volume": 122255
      },
      {
        "date": "2026-05-15",
        "close": 4.322643,
        "volume": 28362
      },
      {
        "date": "2026-05-22",
        "close": 4.765,
        "volume": 37542
      },
      {
        "date": "2026-05-29",
        "close": 4.391718,
        "volume": 36265
      },
      {
        "date": "2026-06-05",
        "close": 4.074686,
        "volume": 24130
      },
      {
        "date": "2026-06-12",
        "close": 4.084783,
        "volume": 1358
      },
      {
        "date": "2026-06-19",
        "close": 4.120361,
        "volume": 320
      },
      {
        "date": "2026-06-26",
        "close": 3.96747,
        "volume": 4554
      },
      {
        "date": "2026-07-03",
        "close": 3.9775,
        "volume": 2055
      },
      {
        "date": "2026-07-10",
        "close": 4.091,
        "volume": 2283
      },
      {
        "date": "2026-07-17",
        "close": 3.8545,
        "volume": 7313
      },
      {
        "date": "2026-07-24",
        "close": 3.1415,
        "volume": 4773
      },
      {
        "date": "2026-07-31",
        "close": 3.1175,
        "volume": 17274
      },
      {
        "date": "2026-08-07",
        "close": 3.16,
        "volume": 13349
      }
    ],
    "sharemaestro_context": {
      "trend": 4.412359,
      "fair_value": 4.521658,
      "market_activity": -50.930744,
      "market_dynamics": -0.970835,
      "relative_strength": -39.131409
    },
    "historical_outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 2,
        "median_return": -0.026752,
        "directional_follow_through": 0.5,
        "regime_survival": 0.5,
        "conditional_difference": 0.017953,
        "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": "2026-05-08",
        "tenure": "Extended",
        "return": -0.000106
      },
      {
        "direction": "negative",
        "start": "2026-05-15",
        "end": "2026-05-15",
        "tenure": "Brief",
        "return": 0.0
      },
      {
        "direction": "positive",
        "start": "2026-05-22",
        "end": "2026-05-22",
        "tenure": "Brief",
        "return": 0.0
      },
      {
        "direction": "negative",
        "start": "2026-05-29",
        "end": "2026-05-29",
        "tenure": "Brief",
        "return": 0.0
      },
      {
        "direction": "positive",
        "start": "2026-06-05",
        "end": "2026-06-05",
        "tenure": "Brief",
        "return": 0.0
      },
      {
        "direction": "negative",
        "start": "2026-06-12",
        "end": "2026-06-12",
        "tenure": "Brief",
        "return": 0.0
      },
      {
        "direction": "positive",
        "start": "2026-06-19",
        "end": "2026-06-19",
        "tenure": "Brief",
        "return": 0.0
      },
      {
        "direction": "negative",
        "start": "2026-06-26",
        "end": "2026-07-03",
        "tenure": "Brief",
        "return": 0.002528
      },
      {
        "direction": "positive",
        "start": "2026-07-10",
        "end": "2026-07-10",
        "tenure": "Brief",
        "return": 0.0
      },
      {
        "direction": "negative",
        "start": "2026-07-17",
        "end": "2026-08-07",
        "tenure": "Brief",
        "return": -0.180179
      }
    ]
  }
}