Midday review
Risk-on
Election rally runs into ISM Services: indices watched, no idea published
Election night produced a full round trip. US 500 futures fell to 7490 overnight, then recovered to 7688 once Democrats were projected to take both chambers. At 11:56 UTC the future was up 1.2% inside the same contract, which puts the cash index near 7657 against a MA20 of 7706 and an ATR14 of 85 points: 0.57 ATR below the average, just inside the band. US 30 is estimated at 52610, 1.08 ATR above its MA20 of 52044 and right under the 28 October high at 52634. US Tech 100 near 28450 sits 1.97 ATR below its MA20 of 29627, too far for a fresh entry. VIX fell 13% to 18.14, the dollar and Treasury yields both eased. No idea was published. The decisive filter was the macro calendar: ISM Services lands at 15:00 UTC, thirty minutes after the cash open, inside the exposure window of any intraday index idea. Single stocks are not assessed at this hour. This is the twelfth consecutive review without an idea. The screening alert is active and late entry remains the main blocker over 30 days, so the calibration itself is under scrutiny, not only the market.
Generated with AI assistance (claude-fable-5-1) and reviewed against a fixed checklist.