After gapping down on the Open, the SPY, DIA, and QQQ all three met the MS3 Level down before noon today.
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SPY reaches MS1
In a ‘Fast Move’ which occurred shortly after the Open, the SPY reached the MS1 Level down at 380.35. The Intra-Day Fast Moves, which occur at times other than ‘off the Open’…
SPY and DIA reach MS1 Level
The SPY and DIA both reached the MS1 Levels down in the first 30 minutes of trading. The most dangerous moves for the directional trade are ‘Fast Moves’. Fast is defined as…
SPY, DIA, and QQQ reach ML1
The SPY and DIA both reached the ML1 level in the first 15 minutes of trading. The QQQ was a little slower to react, reaching the ML1 around 10:45 AM. Fast Moves…
SPY reaches MS3 in early Trading
The SPY reached the MS3 Level down at 380.19 by 11 AM Monday morning. This was a relatively ‘Fast Move’. Fast Moves often come from ‘False Moves’.
DIA reaches ML1
The DIA has reached the ML1 Level at 311.46. The Downside Limit is 309.91. Strong markets do not tend to pull back all that much. A move to the Downside Limit would…
SPY reaches MS1
The SPY reached the MS1 in a late afternoon decline. The MS1 Level is at 379.26. The Upside Limit is 381.26.
QQQ reaches ML1
The QQQ has reached the ML1 Level Up at 315.81. The Downside Limit is 313.38. The strongest markets do not tend to pull back all that much. A move to the Downside…
SPY reaches ML1
The SPY has reached the ML1 Level up at 379.47. The Downside Limit is 377.04. The strongest markets do not tend to pull back all that much. If the SPY reaches the…
DIA reaches ML1
The DIA has reached the ML1 Level up at 309.79. The Downside Limit is 307.85. The strongest markets do not tend to pull back all that much. If the DIA were to…