Midday review
Risk-off
VIX above 25 and payrolls at 13:30 UTC keep all three indices closed
Midday review after Thursday's rout: the US 500 cash closed at 7353.73 (-4.55%), the US Tech 100 at 26629.81 (-6.79%) and the US 30 at 51523 (-3.4%), while the VIX jumped from 16.61 to 28.18. At 12:10 UTC the VIX reads 26.75, still above the 25 ceiling that forbids any new idea. The three futures diverge: ES +0.20%, NQ +1.48%, YM -1.07%, which gives estimated cash levels of 7368, 27024 and 50972. Measured against the MA20 (7679.5, 29285.6 and 52167.8) with ATR14 of 104.9, 672.7 and 706.1 points, the distances are 2.96, 3.36 and 1.69 ATR: all beyond the 1.5 ATR late-entry limit, so a short here would be chasing. The October payrolls land at 13:30 UTC, inside the exposure window of any intraday idea opened now. Three independent filters say the same thing, so no idea today. Honest disclosure: this is the 18th consecutive review without a signal and the system flags a calibration problem, with late entry as the dominant blocker; today, however, the block is the market itself. Yahoo's history endpoint refused our requests, so indicators were recomputed on exchange data with verified real closes.
Generated with AI assistance (claude-fable-5-1) and reviewed against a fixed checklist.