S&P 500 holds support after tech rout: short the pullback to 7690

Friday 16:40 UTC. Thursday was the worst session since July for the S&P 500 (-1.2% to 7663) on worries about how AI spending gets financed; today the index trades at 7649, between the 7612 low and the 7660 high, 1.21 daily ranges below its 20-day average of 7733. The Nasdaq 100 is bouncing (+0.4%) while the Dow gives back 1%: a rotation day, not a reversal. Ten-year yields have dropped to 4.99% from a 20-day average of 5.20%, the VIX is at 19.8 (+4%), oil is up on Middle East tensions. We screened all 15 instruments. Ten are more than 1.5 ranges from their average and were rejected as late entries: Nasdaq 100 (-2.5), NVDA (-2.3), CAT (-3.2), and the defensives and energy names stretched 2 to 3.6 ranges above (V, WMT, KO, LLY, HD, XOM). TSLA, MSFT and JPM sit inside the noise floor (0.1 to 0.4 ranges). Dow (+1.26) and Apple (+1.41) were in the band but failed reachability: with the Fed decision on 28 October and GDP/PCE on the 29th, any swing idea has 2.5 sessions of validity, which caps the target at 1.58 ranges, and their structure-derived stops would need 1.75 and 2.09. The one idea published is a US 500 short on a pullback to 7690, stop 7721.50, target 7627, valid to Tuesday's close.