Tech futures slip 1% overnight; JPM short intact, watchlist for the afternoon

Morning review, 06:37 UTC. By method this slot opens no new ideas: US cash opens at 13:30 UTC and pre-market pricing is too thin to anchor levels. Overnight the futures eased from Friday's 20:00 UTC print: Nasdaq 100 -0.97%, S&P 500 -0.45%, Dow -0.44%. Applied to Friday's cash closes, that puts the estimated US 500 at 7708.7, only 0.53 ATR14 above its 20-day average of 7672.48 (ATR 68.2), right on the noise floor. US Tech 100 sits at an estimated 30312, 1.78 ATR above its average: too stretched to chase. US 30, estimated at 51602, is 1.46 ATR below its average, a bearish lean close to the late-entry limit. VIX closed Friday at 14.87. The open JPM short (entry 342.54, stop 347.11, target 333.40) stays open: Friday's range 338.64-343.31 touched neither level, the close of 343.06 is 0.11R against us and we found no overnight news invalidating the lower-high structure. Calendar: ISM Manufacturing Thursday 14:00 UTC, payrolls Friday 12:30 UTC, both after the JPM idea expires. This afternoon we watch whether US 500 holds above 7672 and whether US 30 stays under its average.