The SPY and DIA both reached the MS1 Levels down in the first 30 minutes of trading. The most dangerous moves for the directional trade are ‘Fast Moves’. Fast is defined as reaching any level defined by The Intra-Day Momentum Method in 30 minutes. In other words, a market that moves a specified distance in price over a defined period of time.
The SPY MS1 is 371.16, with an Upside Limit of 375.00 .
The DIA MS1 is 300.38, with an Upside Limit of 303.23.
If a market reaches the Upside Limit, the likelihood of a close below the MS1 diminishes.
