The SPY and QQQ both confirmed a Long Position on Thursday. The QQQ moved to the ML1 (292.11) quickly, reaching the level before 10 AM. The QQQ continued higher and reached the ML2 (294.56) and closing above that level. The SPY reached the ML1 (387.84) at a much slower pace. The SPY continued higher but did not reach an extended level.
| SYMBOL | Last | Open | High | Low | ML 1 | MS 1 | Direction | Current Position | Trend |
| SPY | 388.99 | 385.12 | 389.83 | 383.27 | 387.84 | 382.4 | LONG | Above ML1 | Long |
| QQQ | 294.98 | 289.66 | 295.7 | 289.63 | 292.11 | 287.21 | LONG | Above ML2 | Long |
To learn more about The Intra-Day Momentum Method – https://www.qatsystems.com