The increased volatility has begun. Increased volatility tends to lead to higher percentages of intra-day reversals. During these uncertain times, caution should be taken. The SPY and DIA gapped up on Monday….
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IDMM-ETF Results November 6, 2020
All three market-based ETFs (SPY, QQQ, and DIA) reached the MS1 Level down in the first 15 minutes of trading. These ‘Fast Moves’ were relatively large in terms of distance in ‘price’….
IDMM-ETF Results November 5, 2020
The DIA reached the ML1 Level shortly after 10 am. It pulled back to test the Open before an afternoon rally to close below the ML1. The QQQ and the SPY were…
QQQ, DIA, and SPY make Fast Moves to the MS1
The QQQ, DIA, and SPY have all made fast moves to the MS1. Use caution as increased volatility is expected during these uncertain times.
The DIA has reached the ML1 Level
The DIA has reached the ML1 Level up @ 284.54. The Downside Limit is 281.16
IDMM -ETF Results November 4, 2020
The DIA reached the ML1 Level up in a ‘Fast Move’ off the Open. This fast move met the IDMM-HP criteria. The DIA then rallied to the ML2 and ML3 Levels before…
DIA Reaches ML3
The DIA has reached the ML2 and ML3 Extended Levels in early trading. This indicates that the ‘High’ for the day is likely near in terms of price. However, increased volatility is…
DIA Reaches ML1
DIA reaches the ML1 Level in early trading @ 277.45 with the downside limit @ 275.11. Use Caution as increased volatility is expected.
IDMM -ETF Results November 3, 2020
The QQQ reached the ML1 Level shortly after 10 am. The QQQ then rallied to the ML2 level before a late-day sell-off and closed above the ML1 Level. Neither the SPY or…
QQQ reaches ML1
The QQQ has reached the ML1 Level @ 274.22 and has continued to the ML2 @ 276.58. Use caution as increased volatility expected in the coming days.