Passe — pas de trade

The only trigger on the board is a bullish 30m close back above the developing wPOC ($78,731.5) — a long-side signal, and STATE already has an open long on this book, so only a short may be recorded. There is no short trigger: no rejection close at wVAH/pwPOC, no swept-and-reclaimed HTF high, and price sits mid-week-range in open space with no established HTF downtrend (weekly closed up, month up off the 76,178.9 low). Direction and trigger conflict, so no clean setup exists.