Nasdaq short takes its target as money rotates out of technology

Prices read at 16:40 UTC from exchange data (Nasdaq and Cboe), because our usual source was rate-limiting requests tonight; we checked that the new feeds carry real closes before using them. The session is a rotation rather than a broad sell-off: the Nasdaq-100 is down 2.4% at 29110 and has slipped below its 16 October floor at 29073, the S&P 500 is down 1% at 7680, back under its 20-day average at 7735, while the Dow sits flat at 52889 near its highs and Walmart, Coca-Cola, Home Depot and Eli Lilly gain 2-3%. The VIX is 18.2, up 9%, within our limits. The Nasdaq-100 short CS-2026-0023 reached its first target at 29282 and is closed for +2.0R; the Microsoft long stays open at 525, its low of 522.36 above the 521.50 stop, and expires tomorrow. We screened all fifteen instruments: ten are more than 1.5 ATR from their 20-day average (late entry), two sit inside the noise floor. Three were in band but none has a clean invalidation: an S&P 500 short needs its stop above 7770, 1.52 ATR away; an Apple long needs it below 338.70, 1.42 ATR away; Tesla is one day past earnings with a 2R target above the 388.8 double top. No new idea. The FOMC decision is on 28 October.