{"id":3675,"date":"2022-07-07T18:05:43","date_gmt":"2022-07-07T22:05:43","guid":{"rendered":"https:\/\/www.qatsystems.com\/analytics\/?p=3675"},"modified":"2022-07-07T18:05:48","modified_gmt":"2022-07-07T22:05:48","slug":"confirmation-leads-to-higher-close-in-spy-and-qqq","status":"publish","type":"post","link":"https:\/\/www.qatsystems.com\/analytics\/2022\/07\/07\/confirmation-leads-to-higher-close-in-spy-and-qqq\/","title":{"rendered":"Confirmation Leads to Higher Close in SPY and QQQ"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The SPY and QQQ both confirmed a Long Position on Thursday.  The QQQ moved to the ML1 (292.11) quickly, reaching the level before 10 AM.  The QQQ continued higher and reached the ML2 (294.56) and closing above that level.  The SPY reached the ML1 (387.84) at a much slower pace.  The SPY continued higher but did not reach an extended level.<\/p>\n\n\n\n<figure class=\"wp-block-table alignwide is-style-stripes\"><table><thead><tr><td>SYMBOL<\/td><td>Last<\/td><td>Open<\/td><td>High<\/td><td>Low<\/td><td>ML 1<\/td><td>MS 1<\/td><td>Direction<\/td><td>Current Position<\/td><td>Trend<\/td><\/tr><\/thead><tbody><tr><td><a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=SPY\" target=\"_blank\" rel=\"noreferrer noopener\">SPY<\/a><\/td><td>388.99<\/td><td>385.12<\/td><td>389.83<\/td><td>383.27<\/td><td>387.84<\/td><td>382.4<\/td><td>LONG<\/td><td>Above ML1<\/td><td>Long<\/td><\/tr><tr><td><a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=QQQ\" target=\"_blank\" rel=\"noreferrer noopener\">QQQ<\/a><\/td><td>294.98<\/td><td>289.66<\/td><td>295.7<\/td><td>289.63<\/td><td>292.11<\/td><td>287.21<\/td><td>LONG<\/td><td>Above ML2<\/td><td>Long<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<!-- TradingView Widget BEGIN -->\n<div class=\"tradingview-widget-container\">\n  <div id=\"tradingview_c843e\"><\/div>\n  <div class=\"tradingview-widget-copyright\"><a href=\"https:\/\/www.tradingview.com\/symbols\/SPY\/\" rel=\"noopener\" target=\"_blank\"><span class=\"blue-text\">SPY Chart<\/span><\/a> by TradingView<\/div>\n  <script type=\"text\/javascript\" src=\"https:\/\/s3.tradingview.com\/tv.js\"><\/script>\n  <script type=\"text\/javascript\">\n  new TradingView.widget(\n  {\n  \"width\": 490,\n  \"height\": 305,\n  \"symbol\": \"SPY\",\n  \"interval\": \"30\",\n  \"timezone\": \"Etc\/UTC\",\n  \"theme\": \"dark\",\n  \"style\": \"0\",\n  \"locale\": \"en\",\n  \"toolbar_bg\": \"#f1f3f6\",\n  \"enable_publishing\": false,\n  \"allow_symbol_change\": true,\n  \"container_id\": \"tradingview_c843e\"\n}\n  );\n  <\/script>\n<\/div>\n<!-- TradingView Widget END -->\n\n\n\n<p class=\"wp-block-paragraph\">To learn more about The Intra-Day Momentum Method &#8211; <a href=\"https:\/\/www.qatsystems.com\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.qatsystems.com<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SPY and QQQ both confirmed a Long Position on Thursday. The QQQ moved to the ML1 (292.11) quickly, reaching the level before 10 AM. The QQQ continued higher and reached the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-3675","post","type-post","status-publish","format-standard","hentry","category-qat-analytics"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.qatsystems.com\/analytics\/wp-json\/wp\/v2\/posts\/3675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.qatsystems.com\/analytics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.qatsystems.com\/analytics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.qatsystems.com\/analytics\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.qatsystems.com\/analytics\/wp-json\/wp\/v2\/comments?post=3675"}],"version-history":[{"count":6,"href":"https:\/\/www.qatsystems.com\/analytics\/wp-json\/wp\/v2\/posts\/3675\/revisions"}],"predecessor-version":[{"id":3694,"href":"https:\/\/www.qatsystems.com\/analytics\/wp-json\/wp\/v2\/posts\/3675\/revisions\/3694"}],"wp:attachment":[{"href":"https:\/\/www.qatsystems.com\/analytics\/wp-json\/wp\/v2\/media?parent=3675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.qatsystems.com\/analytics\/wp-json\/wp\/v2\/categories?post=3675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.qatsystems.com\/analytics\/wp-json\/wp\/v2\/tags?post=3675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}