SPY, DIA, QQQ Reach MS3 Level in Early Trading

Posted on May 4, 2021

After gapping down on the Open, the SPY, DIA, and QQQ all three met the MS3 Level down before noon today.

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During a brief career as a trader, Todd Hudson discovered that the analysis techniques used my most traders were inherently flawed. Oftentimes, the analysis resulted in guesswork. This often led to more questions than answers. After studying numerous methodologies and technical indicators, Todd decided to create a more scientific approach. This scientific approach would be based on risk management and historical patterns. This would allow traders to place trades using historical analysis of these patterns to determine future probable outcomes. The initial goal was to get a sense of the daily direction for intra-day trading.