QQQ reaches MS1 Level

Posted on November 30, 2020

The QQQ has reached the MS1 Level at 297.90. The Upside Limit is 300.00. If the QQQ reaches the Upside Limit, it would reduce the likelihood of a close below the MS1 Level.

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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.