The QQQ reached the ML1 @ 288.29 in the first 15 minutes of trading. After a brief pullback, the QQQ continued higher and closed above the ML1. The SPY and DIA did…
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IDMM-ETF Results November 10, 2020
No levels were met in any of the market-based ETFs that we follow.
QQQ reaches ML1
The QQQ reaches the ML1 within the first 15 minutes of trading. The ML1 Level @ 288.29 and the Downside Limit is 284.73. Strong markets do not tend to pull back all…
IDMM-ETF Results November 9, 2020
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….
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…