Passe — pas de trade

The only trigger is a 15m close back above the developing POC ($85,425.5) — a mid-profile, fair-value level the method explicitly treats as a no-trade zone (POC chop, 50/50), not a tradeable reaction location. There is no swept obvious level and no established trend: the intraday structure is a grind of lower highs from $87,238 into dVAL $85,227, with CVD confirming down while the 5m delta ticks up — conflicting signals rather than corroboration. Price sits between dVAL/dLow $85,227 and VWAP/D-Open ~$86,150-86,199, so any long would be into overhead resistance without a level-reaction, and a short at the POC would be fading into a freshly flushed low, which is forbidden.