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SPY, DIA, QQQ Reach MS3 Level in Early Trading

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 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 reaching any level defined by The Intra-Day Momentum Method in 30 minutes. In other words, a market that moves a specified distance in price over a defined period of time.

The SPY MS1 is 371.16, with an Upside Limit of 375.00 .

The DIA MS1 is 300.38, with an Upside Limit of 303.23.

If a market reaches the Upside Limit, the likelihood of a close below the MS1 diminishes.

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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 often come from ‘False Moves’. Was yesterday’s ‘Fast Move’ down a ‘False Move’? Only time will tell, the strongest markets do not tend to pull back all that much.

The ML1 in the SPY is 378.81. The Downside Limit is 375.13.

The ML1 in the DIA is 306.51. The Downside Limit is 304.21

The ML1 in the QQQ is 323.33.

The question to seek an answer to might be: Does yesterday’s ‘Fast Move’ down, justify today’s fast move in the opposite direction?

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ETF - IDMM HP RT QAT Systems, LLC

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’.

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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.

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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 Limit would reduce the likelihood of a close above the ML1.

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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 downside Limit, the likelihood of a close above the ML1 would diminish greatly.

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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 reach the downside limit, the likelihood of a close above the ML1 would diminish.

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QQQ reaches MS1

The QQQ has reached the MS1 Level down in the first 15 minutes of trading. That MS1 Level is at 314.3. The Upside Limit is 316.79. If the Upside Limit is reached, the likelihood of a close below the MS1 would be diminished.

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DIA reaches MS1

The DIA has reached the MS1 Level at 310.06. The Upside Limit is 311.85. The weakest markets do not tend to pull back all that much. If the DIA reaches the Upside Limit, the likelihood of a close below the MS1 level is diminished.