After reaching the MS1 Level, the QQQ continued lower. It reached the MS2 Level at 296.50 and the MS3 Level at 295.10 before 11 AM. This is considered a relatively ‘Fast Move’.
Author: Todd Hudson
QQQ reaches MS1 Level
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…
IDMM-ETF Results November 25, 2020
The DIA reached the MS1 Level at 298.63 and pulled back slightly. The DIA closed just above the MS1 Level. The QQQ and SPY traded in narrow ranges as neither ETF reached…
IDMM-ETF Results November 24, 2020
None of the ETFs reached IDMM-HP levels during today’s trading session. On November 23, the SPY became an Intra-Day Reversal as both the ML1 and MS1 were reached in the same trading…
SPY reaches MS1
The SPY has reached the MS1 at 361.60. The Upside Limit is 363.45. If the SPY reaches the Upside Limit, the likelihood of a close below the MS1 is reduced.
DIA reaches MS1
The DIA has reached the MS1 Level @ 298.61 in the first 30 minutes of trading. The Upside Limit is 300.67. A move to the Upside Limit would reduce the likelihood of…
IDMM-ETF Results November 23, 2020
The SPY and DIA reached the ML1 Level up in the first 30 minutes of trading. Both of these were of the IDMM-HP version at that time. The SPY reached the MS1…
IDMM-ETF Results November 20, 2020
All three market-based ETFs (DIA, SPY, and QQQ) met the MS1 Level down in late afternoon trading. All three closed below the MS1 Level.
SPY reaches MS1 – Becomes an Intra-Day Reversal
After a Fast Move to the ML1 Level, the SPY has retreated to the MS1 Level @ 355.75. The SPY is now an Intra-Day Reversal. An Intra-Day Reversal occurs when a market…
DIA reaches the ML1
The DIA reached the ML1 @ 295.58 in the first 30 minutes of trading. Fast moves can come from false moves. The strongest markets do not pull back all that much. A…