Futures down, VIX up 10%: all three US indices outside the band

At 11:00 UTC the futures are lower in a tidy, risk-off morning: ES 7764.25 (-0.54% against Friday's 20:00 UTC print), NQ 30600.25 (-0.96%), YM 51918 (-0.51%). The futures/cash basis has held steady around +0.75/0.86% for three sessions, so no roll distortion. Applying those moves to Friday's cash closes gives estimates of 7701.99, 30315.38 and 51563.44. MA20 and ATR14 are computed on the cash history with today's bar excluded. US 500 sits 0.43 ATR above its MA20 (7672.48, ATR 68.22): below the 0.50 band, so it is noise, not trend. US Tech 100 is 1.79 ATR above (MA20 29620.59, ATR 389.20): too late to enter. US 30 is 1.54 ATR below (MA20 52375.94, ATR 528.17). That is just over the 1.50 ceiling on the short side, and it is the closest near-miss of the day. VIX is at 16.39, up 10.2%: under both limits (25 and +15%). Single stocks are not assessed at this hour. The JPM short stays open. Since publication its regular-session range was 341.12-343.31, far from both the 347.11 stop and the 333.40 target. No new idea. This is the third review in a row without one, each blocked by a measured number.