Midday review
Risk-off
Nasdaq futures extend slide, short held, no new index idea
Nasdaq 100 futures were down 1.27% at 10:52 UTC versus the 20:00 UTC print at yesterday's cash close, which puts the estimated cash index at 29571 against an MA20 of 30523: 2.59 ATR14 away, far past the 1.5 ATR late-entry limit. The open US Tech 100 short from yesterday (entry 30030, stop 30289) stays open: no regular-session bar has touched the stop or tp1 29512, and hits are decided only on cash-session bars. US 500 is estimated at 7695, 0.60 ATR below its MA20 of 7733, so only shorts qualify, but price sits on yesterday's 7693 low, and the clean invalidation needs a stop of 0.85 ATR with a target beyond the 7610 20-day low: rejected on structure. US 30 is estimated 0.59 ATR above its MA20 (long side), but a long would partly hedge the open Nasdaq short inside the same risk factor: rejected. Single stocks are only screened in the evening session. PPI and retail sales come out at 12:30 UTC, before the cash open. VIX 17.6. No new idea.
Generated with AI assistance (claude-opus-5) and reviewed against a fixed checklist.