The QQQ was an Intra-Day Reversal on Wednesday. Unless there was an increase in volatility, back-to-back Intra-Day Reversals were unlikely. The QQQ reached the MLS1 at 305.71, around 11 AM. The ETF…
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IDMM-ETF Results December 2, 2020
The QQQ reached the MS1 Level at 300.47 within the first 15 minutes of trading. As mentioned many times, this should be considered a ‘Fast Move’. Fast moves tend to be the…
DIA reaches ML1
The DIA has reached the ML1 Level at 301.84. The Downside Limit is 300.19. The strongest markets do not have a tendency to pull back all that much. If the DIA reaches…
SPY reaches ML1
The SPY has reached the ML1 Level at 368.60. The Downside Limit is 366.68. Remember that strong markets do not pull back all that much. If the SPY reaches the Downside Limit,…
SPY reaches ML1
The SPY has reached the ML1 at 368.03. The downside limit is 366. It’s not likely to get a move to an extended level, without some driving force or news related event,…
IDMM-ETF Results December 1, 2020
None of the ETFs reached any levels from The Intra-Day Momentum Method during today’s trading session.
QQQ reaches ML1
The QQQ has reached the ML1 at 305.71, with the downside limit at 303.25. Wednesday was an Intra-Day Reversal according to the IDMM. This occurs when a market reaches both the ML1…
QQQ has reached ML1
After a ‘Fast Move’ down to the MS1 Level @ 300.47, the QQQ has rallied to the ML1 Level @ 303.97. The QQQ has met the conditions for an Intra-Day Reversal. This…
QQQ reaches MS1
The QQQ has reached the MS1 Level @ 300.47. The Upside Limit is 303.10. If the QQQ reaches the Upside Limit, the likelihood of a close below the MS1 is decreased.
IDMM-ETF Results November 30, 2020
The SPY and QQQ reached the MS1 Level down around 10:15 AM. Both ETFs moved considerably lower rather quickly. The QQQ’s ‘Fast Move’ reached the MS2(296.50) and proceeded to the MS3(295.10) Level…