Flat overnight, Dow lags tech; two ideas held, no morning entry

Flat overnight: S&P futures +0.05% and Nasdaq futures -0.02% against their 20:00 UTC prints, ranges of 0.14% and 0.49%. Using the basis rule (ES=F 7,835.5, basis +0.864% measured at the cash close) US 500 is estimated at 7,768, that is +1.47 ATR14 above its 20-day average of 7,663 - inside the band but at its top edge. US Tech 100 sits +2.84 ATR above 29,361 while US 30 is -1.28 ATR below 52,750: technology and industrials are separating. VIX closed at 14.87. No idea is opened at this hour: US cash trades only from 13:30 UTC and pre-market spreads distort any level you compute. Fifteen instruments screened, none published. MSFT (+0.31 ATR) and LLY (+0.23) are inside the noise floor, AAPL (+1.96) and HD (-3.15) are late entries, and the technology and financial risk factors are already taken by the two open ideas. NVIDIA long from 222.50 closed at 227.38, near +0.8R, stop 216.41 never approached. The JPMorgan short from 350.09 sits at 352.04, invalidation 355.60 intact, and expires tonight. Three Fed speakers today, no tier-one data.