The DIA reached the MS1 Level down at 300.74 around 1 PM. The Upside Limit was 302.29. The DIA closed above the MS1 Level, but below the Open of the day.
The SPY reached the MS1 Level at 367.72 in the last 15 minutes of trading. When a level is reached so late in the trading day, it is unlikely that you get a move to an extended level without a ‘news-related’ move. The Upside Limit was 369.65, a move to this level this late is not likely unless driven by news.
The QQQ did not reach any levels during Monday’s trading session.
