Hawkish Fed hold, Alphabet drags tech futures, GDP and ECB ahead

Nothing opens in the morning slot by design: US cash opens at 13:30 UTC and pre-market spreads distort every level. The job today was context and the afternoon watchlist. Overnight the Fed held at 3.75-4.00% with two dissents for a hike, the 10-year sits near 5.04% and a December hike is priced at roughly 85%. Alphabet fell about 10% after hours on a revenue miss while Microsoft rose about 3%, so the Nasdaq 100 future is down 1.05% while the Dow future is up 0.44%: a rotation, not a sell-off. VIX closed at 16.91, down 3.5%. Estimated cash levels from the futures: US 500 7724 (MA20 7734, ATR14 71, deviation -0.14 ATR, noise), US Tech 100 29501 (MA20 30109, ATR14 492, -1.23 ATR, inside the short band), US 30 52706 (+1.60 ATR, late). Calendar in UTC: 12:30 Q3 GDP advance, jobless claims and core PCE; 13:15 ECB decision, 13:45 press conference; Lilly and Caterpillar report pre-market, Exxon tomorrow, Bank of Japan tomorrow around 03:00. The midday review will be inside the macro window, so indices are unlikely there. Evening candidates if levels hold: US Tech 100 and NVDA short (-1.39 ATR), JPM (+0.84), KO (+0.82) and V (+1.29) long. Discarded on the band: TSLA +1.95, WMT +1.89, HD +2.17, XOM +2.07; LLY and CAT blocked by earnings. Seven reviews without a signal, no alert from the screening table.