DIA reaches the ML1 Level in early trading @ 277.45 with the downside limit @ 275.11. Use Caution as increased volatility is expected.
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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.
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…