JPMorgan short reaches its target; PCE tomorrow keeps new swings out

The JPMorgan short opened on 25/09 at 342.54 reached its first target at 333.40 at 16:00 UTC (session low 333.33) and closes at +2.0R. At 16:35 UTC the S&P 500 is at 7663.78, 0.10 ATR from its 20-day average: that is noise, not a trend. The Nasdaq 100 (+1.58 ATR), the Dow (-2.11 ATR), NVIDIA (+1.52), JPMorgan (-2.23) and Home Depot (-2.89) are too stretched to enter. Seven stocks were inside the band. Swing ideas were ruled out because the PCE release tomorrow at 12:30 UTC would fall inside any multi-day horizon, and ISM on Thursday and payrolls on Friday follow. Intraday ideas fail on reach: with 3.4 hours left, a target can sit at most 0.73 ATR away. The cleanest short, Walmart (a break of 106.08-106.45 after a price-target cut), would need 0.81 ATR. Coca-Cola would need 0.77 and Tesla 0.74. None was published. VIX is at 16.2. That is four reviews without a new idea, and the reason is the calendar arithmetic described above, not a lack of setups.