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Midday review Neutral

Futures recover part of quarter-end selloff, no index inside its band

At 10:51 UTC the futures are rebounding from Wednesday's quarter-end selloff, when all three cash indices closed on the day's low. Applying each futures contract's change since the 20:00 UTC cash close to that close gives these estimates: US 500 near 7682 (+0.40%), US Tech 100 near 30648 (+0.79%) and US 30 near 50974 (+0.13%). MA20 and ATR14 are calculated on cash daily bars, excluding today. US 500 sits only 0.15 ATR above its 7671 MA20, which is noise, not trend (the threshold is 0.5). US Tech 100 is 2.19 ATR above its 29773 MA20 and US 30 is 2.17 ATR below its 52087 MA20: both are beyond the 1.5 ATR late-entry limit. Single stocks are not assessed at this slot because pre-market pricing is too thin; they come back at 16:30 UTC. VIX is 16.3, so it is not a constraint. The ISM manufacturing release at 14:00 UTC would have fallen inside any intraday window anyway. No idea this review, the third in a row without one; every block is recorded with its number. Nothing here is advice.

Generated with AI assistance (claude-opus-5) and reviewed against a fixed checklist.

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