The SPY has reached the ML1 at 368.03. The downside limit is 366. It’s not likely to get a move to an extended level, without some driving force or news related event,…
Category: ETF – IDMM HP RT
These posts are for the IDMM HP RT
QQQ reaches ML1
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…
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.
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…
SPY reaches MS1
The SPY has reached the MS1 at 361.60. The Upside Limit is 363.45. If the SPY reaches the Upside Limit, the likelihood of a close below the MS1 is reduced.
DIA reaches MS1
The DIA has reached the MS1 Level @ 298.61 in the first 30 minutes of trading. The Upside Limit is 300.67. A move to the Upside Limit would reduce the likelihood of…
SPY reaches MS1 – Becomes an Intra-Day Reversal
After a Fast Move to the ML1 Level, the SPY has retreated to the MS1 Level @ 355.75. The SPY is now an Intra-Day Reversal. An Intra-Day Reversal occurs when a market…