Flat futures, S&P in noise, Nasdaq and Dow past the band

At 11:00 UTC US index futures are almost unchanged from yesterday's cash close. Applying the futures change measured from the 20:00 UTC print to the cash close, US 500 is estimated at 7,684.9 (ES 7,747.75): only 0.20 ATR14 above its 20-day average of 7,671.07 (ATR14 70.0 on cash bars), so this is noise, not trend. US Tech 100 is estimated at 30,326.6 (NQ 30,617): 1.62 ATR above its average of 29,662.8, beyond the 1.50 late-entry limit. US 30 is estimated at 51,462.6 (YM 51,816): 1.59 ATR below its average of 52,272.0, also just past the limit, on the short side only. The Nasdaq/Dow split is itself the story: technology holds up while industrials stay under their average. VIX 16.0, no stress. Single stocks are not assessed at this slot because pre-market prices are too thin. No new idea: all three indices were blocked by the band filter, two of them by less than 0.15 ATR. The JPM short remains open, stop and target untouched; it expires tonight at 19:45 UTC.