Passe — pas de trade

The only trigger on the board is a bullish one — the 10:30 15m candle closing back above VWAP $83,683 and pdPOC $83,663.5 — and STATE already has an open long on this book, so a same-direction entry is barred. There is no short trigger: price is pressing up into dVAH $83,825 but has not rejected it with a close back below, and nothing has swept and reclaimed to the downside. Flow also does not support a short here (5m delta flat, OI only mildly down, price reclaiming value).