Dow far below its average while Nasdaq holds above: no ratio qualifies

Fifteen instruments screened at 16:34 UTC with the US session in full swing. The index trio has split: US 30 trades 2.48 ATR14 below its 20-day average of closes (51,572 against 52,865) while US Tech 100 sits 0.39 ATR above its own (29,432 against 29,281), and US 500 at 7,622 is only 0.53 ATR under 7,658. That divergence between industrials and technology is the fact of the day, but US 30 and Home Depot (-2.86 ATR) are both far past the 1.50 ATR late-entry ceiling, while NVDA, TSLA, MSFT, CAT and XOM all sit inside the 0.50 ATR noise floor. Three defensives cleared the band and none cleared the ratio: Walmart's target at the 109.23-109.74 resistance is 1.17 R away from 107.48, Eli Lilly's at the 1,113-1,115 double bottom is 1.07 R, and Coca-Cola is resting on a floor tested three times at 87.41-87.52, where the 15 September dividend of 0.53 inflates its own 20-day average by roughly 0.45. VIX at 15.39 blocks nothing. Both open shorts remain open; this is the fourth review in a row without a new idea.