The QQQ has reached the ML1 at 305.71, with the downside limit at 303.25. Wednesday was an Intra-Day Reversal according to the IDMM. This occurs when a market reaches both the ML1…
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QQQ has reached ML1
After a ‘Fast Move’ down to the MS1 Level @ 300.47, the QQQ has rallied to the ML1 Level @ 303.97. The QQQ has met the conditions for an Intra-Day Reversal. This…
QQQ reaches MS1
The QQQ has reached the MS1 Level @ 300.47. The Upside Limit is 303.10. If the QQQ reaches the Upside Limit, the likelihood of a close below the MS1 is decreased.
IDMM-ETF Results November 30, 2020
The SPY and QQQ reached the MS1 Level down around 10:15 AM. Both ETFs moved considerably lower rather quickly. The QQQ’s ‘Fast Move’ reached the MS2(296.50) and proceeded to the MS3(295.10) Level…
IDMM-ETF Results November 27, 2020
In a holiday-shortened trading session, none of the ETFs met any levels during today’s session.
SPY reaches the MS2 Level
The SPY reached the MS2 Level at 360.37 before 11 AM. In this move lower, it came within .03 of the MS3 Level at 359.14. Once again, this should be considered a…
QQQ reaches MS2 & MS3
After reaching the MS1 Level, the QQQ continued lower. It reached the MS2 Level at 296.50 and the MS3 Level at 295.10 before 11 AM. This is considered a relatively ‘Fast Move’.
QQQ reaches MS1 Level
The QQQ has reached the MS1 Level at 297.90. The Upside Limit is 300.00. If the QQQ reaches the Upside Limit, it would reduce the likelihood of a close below the MS1…
IDMM-ETF Results November 25, 2020
The DIA reached the MS1 Level at 298.63 and pulled back slightly. The DIA closed just above the MS1 Level. The QQQ and SPY traded in narrow ranges as neither ETF reached…
IDMM-ETF Results November 24, 2020
None of the ETFs reached IDMM-HP levels during today’s trading session. On November 23, the SPY became an Intra-Day Reversal as both the ML1 and MS1 were reached in the same trading…