Midday: Dow stretched, Nasdaq oversold, S&P 500 flat on its average

Midday review at 11:00 UTC, two and a half hours before the US cash open. Only the three indices are evaluable at this hour; single stocks wait for the evening slot. Futures were read inside one contract and converted to cash with the basis measured at yesterday's close (ES +0.60%, NQ +0.67%, YM +0.45%, no rollover step). US 500: estimated 7723.5, 20-day average 7732.9, ATR14 71.9. The distance is 0.13 ATR, pure noise, so no trade. US Tech 100: estimated 29619, average 30414, 1.74 ATR below, past the 1.5 ATR late-entry limit after the tech sell-off of the last week. US 30: estimated 52485, average 51559, 1.75 ATR above after yesterday's 1% rally to 52496, also too far. On top of that the US index factor already carries two open ideas, so a third would be refused anyway. Open positions: US 500 short (entry 7693.5) sits about 0.4R against us, stop 7773.3 untouched; US 30 long and MSFT long are intact. No macro release of the kind the method counts today, Fed in blackout, Tesla reports after the close. Nothing published this slot: four reviews without a signal, all blocked by the band filter.