Midday review
Risk-off
Futures bounce after Friday's rout, but ISM at 15:00 UTC blocks every index
Midday read at 12:05 UTC. Futures are recovering part of Friday's damage: US 500 futures at 7648, up 0.46% from the 7612.75 print at Friday's cash close, which puts the estimated cash index near 7615 against a 20-day average of 7730 and an ATR14 of 82.7 points. That is 1.39 ATR below the average, inside the band and short-only by trend. US Tech 100 is estimated near 28605, 2.25 ATR below its average of 29933, so any short there is a late entry after Friday's 3.5% drop. US 30 sits almost exactly on its average, 0.05 ATR away, which is noise. VIX is 19.15 after a 23.93 spike on Friday. No idea today. The one candidate, US 500 short, falls inside the macro blackout: ISM manufacturing lands at 15:00 UTC, thirty minutes after the cash open, and no intraday or swing entry could avoid it. Friday's low at 7528 and the 23 October low at 7612 are the levels to watch once the release is out. Single stocks are not assessed at this hour because pre-market prices are unreliable. Apple reports after the close, JOLTS and the midterms come Tuesday, payrolls Friday at 13:30 UTC.
Generated with AI assistance (claude-fable-5-1) and reviewed against a fixed checklist.