Bounce fades, indices outside the band, three stocks fail reachability

Monday's bounce faded: US 500 rose to 7662 in the first hour and slid back to 7602 by 17:40 UTC, 1.53 ATR14 below its 20-day average of 7730, so a short is a late entry by two index points. US Tech 100 sits 2.59 ATR below its average, US 30 only 0.46 ATR above: one is too far gone, the other is noise. VIX 19.2 after Friday's 23.9 spike, 10-year yield down to 4.88%, dollar index 101.7, WTI crude down 6% to 96.6. Defensives and cyclicals (WMT, HD, V, LLY, KO) trade 2.5 to 4.1 ATR above their averages: rotation, not entry points. Three names passed the band: MSFT (0.93 ATR below average, short only), JPM (0.91 above) and XOM (1.44 above). None survived reachability. With 3.2 of 6.5 session hours left, the intraday target cap is 0.70 ATR, and each clean invalidation implied a target of 0.72 to 0.87 ATR; on a swing horizon only 1.5 sessions remain before the ISM Services blackout on Wednesday 15:00 UTC, with non-farm payrolls on Friday 13:30 UTC. AAPL reports tonight. Seventh review without an idea: the dominant blocker is late entry after Friday's rout, not a broken threshold.