The DIA reached the ML1 Level up in a ‘Fast Move’ off the Open. This fast move met the IDMM-HP criteria. The DIA then rallied to the ML2 and ML3 Levels before closing above the ML1. Not all ‘Fast Moves’ come from ‘False Moves’, our goal is to define when a ‘Fast Move’ may be real. This will allow us to recognize the opportunity to trade a ‘Fast Move’. Each of the ‘Fast Moves’ that have turned out to be tradable in the past few months, all presented similar patterns. Identifying Fast Moves that May be Real
The QQQ and SPY did not reach any levels during today’s trading session.