Nasdaq future down 2.4% at midday, no index passes the structure check

At 11:00 UTC the Nasdaq 100 future trades at 28,846, down 2.4% from yesterday's settlement after the Amazon and Intel reports; the S&P 500 future is at 7,675 (-1.0%), the Dow future at 52,568 (+0.1%). The VIX is 18.5, up 7.7%: below the 25 ceiling. Estimated cash prices from the futures basis (no rollover step): US Tech 100 28,690, US 500 7,641, US 30 52,398. On the cash history: US 500 MA20 7,737, ATR14 70.7; US Tech 100 MA20 30,054, ATR14 516; US 30 MA20 51,966, ATR14 497. US Tech 100 sits 2.64 ATR below its average: late entry, discarded. US 500 is 1.35 ATR below, short-only, but the stop derived from the overnight high (7,679 plus noise margin) is 0.79 ATR, which pushes a 1.5R target beyond the intraday reach of 1.0 ATR, with the 20-day low at 7,612 only 0.42 ATR away. US 30 is 0.87 ATR above its average, long-only, but the stop below yesterday's low at 52,086 is 0.88 ATR, again too wide, and a swing target would sit above the all-time high of 52,928 on a risk-off day. Single stocks are not assessed at this hour. No new idea, no open positions.