Friday: a watch-only day, and here's the honest whyE-mini S&P 500 Futures (Jun 2026)CME_MINI:ESM2026BeneathTheBookPrice is coiled right on the 7396–7400 settle + GEX wall cluster. Buyers and sellers stacked at the same shelf — no edge either way yet. Three reasons it's observe-don't-engage on my book: • In-RTH data: UoM sentiment + inflation expectations at 14:00 UTC, 30 min after the open • FOMC Tue/Wed: dot-plot meeting, tape's positioning not trending • Contract roll: Jun→Sep moving now, front-month liquidity thinning Range ≈ 7306–7483. The map's the same whether I trade it or not today it says wait. Analysis, not advice. ES SPX #FOMC