The QQQ reached the MS1 Level down @ 287.88 and rallied to the Upside Limit and Closed above the Open. The SPY reached the ML1 @ 357.42, in late afternoon trading and…
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QQQ reaches ML1
The QQQ has reached the ML1 292.57. The downside limit is 289.73.
SPY reaches ML1
The SPY has reached the ML1 Level @ 357.42. With a little more than an hour remaining in the trading day. The question remains, is it likely that we get a significant…
DIA reaches ML1
The DIA has reached the ML1 Level @ 294.62. The ‘Time of Day’ when a level is reached is part of our continued efforts to find higher probability scenarios of the levels….
QQQ reaches MS1
The QQQ has reached the MS1 @ 287.88. If the QQQ reaches the Upside Limit, the likelihood of a Close below MS1 diminishes.
IDMM-ETF Results November 12, 2020
None of the market-based ETFs met the HP scenario during today’s trading session. The SPY reached the MS1 Level down. The SPY continued lower, reaching the MS2 Level, before rallying in the…
IDMM-ETF Results November 11, 2020
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…
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….