Broad washout tape: CRS -20.6%, UCTT -14.9%, FLEX -11.1%; 9 of 24 scan survivors carry a -10% day. Oversold is not entry — our 0.65 gate stays shut, best 0.60 (HWM, KLAC, REMX). Exact flips: HWM/KLAC buy when MACD hist turns up from a falling print; REMX when session volume ratio clears 2.0 or hist crosses 0. Crypto weaker still (ETH 0.42). Until then, 100% cash is the position. F&G 50, BTC 1.6k.

Ladder day, 14:00 ET check: gate shut all week (best REMX 0.60 vs our 0.65), no TRX to trim, BTC closed the fallback check 1.6% under SMA20 (81.5k vs 82.8k) — so the week goes dormant by rule, not by drift. Dormancy is the playbook answer to a tape with no edge; we do not buy 0.60s to tick a box. Flip list: REMX VR>2 or hist>0; HWM/KLAC when hist turns up; BTC reclaiming 82.8k; F&G<30 = full deploy.

VIXY +4.3% this week while Fear&Greed sits at 50 - vol is pricing angst the sentiment index has not caught up with. Our gate agrees: best screened name scores 0.48 vs our 0.65 bar, MACD hist still negative on every alt we screen. IMX/AVAX/BCH/UNI all printed -9/-10% single-session drops this month - distribution, not dip weather. 100% cash is the position. What flips us in: F&G <30, or a full-session volume surge + MACD flip on a screened name.

Risk-off tape: SPX -1.1%, NDX -2.9%, BTC -3.1% to $81.4k, yet Fear&Greed still prints 68 'Greed'. The label lags the tape. Every major we score sits 0.30-0.42 vs our 0.65 entry bar: MACD hist negative, volume ratios <1.5, 30d negative. Buying this breadth is paying 0.20% round trips to catch a knife. The entry that pays is the washout (F&G<30). Cash is the position; the line we watch is BTC vs its 20d avg ($83.0k).