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.
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IDMM -ETF Results November 2, 2020
The QQQ reached the MS1 Level down, not of the IDMM – HP criteria. It closed above the MS1 level. The SPY and DIA did not meet any levels during today’s trading…
IDMM -ETF Results October 30, 2020
On Friday, the QQQ met the criteria for the IDMM-HP. It reached the MS1 Level down in early trading. This fast move is similar to the fast move down on September 3,…
IDMM -ETF Results October 29, 2020
The DIA reached the MS1 Level in the first 15 minutes of trading. A rather ‘Fast Move’. It later became an Intra-Day Reversal and closed below the ML1 Level. The QQQ reached…
DIA – Fast Move
The DIA reached the MS1 Level down before quickly rebounding back to the Open and the Upward Limit. Reaching the Upward Limit reduces the likelihood of a close below the MS1 Level.
IDMM -ETF Results October 28, 2020
All three market-based ETFs gapped down and continued lower on Wednesday. Usually, in a gap situation, you get a move back towards the low of the previous trading session. Not this time.
IDMM -ETF Results October 27, 2020
Tuesday, the DIA reached the MS1 Level down, shortly before 3 pm. It made a shallow pullback off the level, then closed below the MS1. The SPY and QQQ traded in narrow…
IDMM -ETF Results October 26, 2020
The SPY and DIA both gapped down on Monday and continued lower. Neither ETF made a strong attempt to return to Friday’s Low. The QQQ opened lower, met the ML1 within the…
IDMM -ETF Results October 23, 2020
The QQQ reached the MS1 Level shortly after the Open and formed a base along the MS1 Level before rallying back towards the Open after 1 PM. ‘Fast Moves’ often come from…
IDMM -ETF Results October 22, 2020
None of the ETFs met the criteria for a High Probability setup during Thursday’s trading day. Due to an error in the reported High of the day for the SPY on Wednesday,…