After a ‘Fast Move’ down to the MS1 Level @ 300.47, the QQQ has rallied to the ML1 Level @ 303.97. The QQQ has met the conditions for an Intra-Day Reversal. This is a pattern that exists when the ML1 and MS1 are reached in the same trading session. It is not common for this pattern to repeat on consecutive days. Increased volatility would be an instance where that may occur.
