{"id":915,"date":"2021-01-28T17:17:00","date_gmt":"2021-01-28T17:17:00","guid":{"rendered":"https:\/\/www.qatsystems.com\/analytics\/?p=915"},"modified":"2021-01-28T17:17:06","modified_gmt":"2021-01-28T17:17:06","slug":"spy-dia-and-qqq-reach-ml1","status":"publish","type":"post","link":"https:\/\/www.qatsystems.com\/analytics\/2021\/01\/28\/spy-dia-and-qqq-reach-ml1\/","title":{"rendered":"SPY, DIA, and QQQ reach ML1"},"content":{"rendered":"\n<p>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 &#8216;False Moves&#8217;.  Was yesterday&#8217;s &#8216;Fast Move&#8217; down a &#8216;False Move&#8217;?  Only time will tell, the strongest markets do not tend to pull back all that much.<\/p>\n\n\n\n<p>The ML1 in the SPY is 378.81.  The Downside Limit is 375.13.<\/p>\n\n\n\n<p>The ML1 in the DIA is 306.51.  The Downside Limit is 304.21<\/p>\n\n\n\n<p>The ML1 in the QQQ is 323.33.<\/p>\n\n\n\n<figure class=\"wp-block-gallery columns-1 is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\"><ul class=\"blocks-gallery-grid\"><li class=\"blocks-gallery-item\"><figure><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"338\" src=\"https:\/\/i0.wp.com\/www.qatsystems.com\/analytics\/wp-content\/uploads\/2021\/01\/SPY-ML1-1-28-21-1.png?resize=640%2C338&#038;ssl=1\" alt=\"\" data-id=\"920\" data-full-url=\"https:\/\/www.qatsystems.com\/analytics\/wp-content\/uploads\/2021\/01\/SPY-ML1-1-28-21-1.png\" data-link=\"https:\/\/www.qatsystems.com\/analytics\/?attachment_id=920\" class=\"wp-image-920\" srcset=\"https:\/\/i0.wp.com\/www.qatsystems.com\/analytics\/wp-content\/uploads\/2021\/01\/SPY-ML1-1-28-21-1.png?w=1006&amp;ssl=1 1006w, https:\/\/i0.wp.com\/www.qatsystems.com\/analytics\/wp-content\/uploads\/2021\/01\/SPY-ML1-1-28-21-1.png?resize=300%2C159&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.qatsystems.com\/analytics\/wp-content\/uploads\/2021\/01\/SPY-ML1-1-28-21-1.png?resize=768%2C406&amp;ssl=1 768w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/figure><\/li><\/ul><\/figure>\n\n\n\n<figure class=\"wp-block-gallery columns-1 is-cropped wp-block-gallery-2 is-layout-flex wp-block-gallery-is-layout-flex\"><ul class=\"blocks-gallery-grid\"><li class=\"blocks-gallery-item\"><figure><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"338\" src=\"https:\/\/i0.wp.com\/www.qatsystems.com\/analytics\/wp-content\/uploads\/2021\/01\/DIA-ML1-1-28-21-1.png?resize=640%2C338&#038;ssl=1\" alt=\"\" data-id=\"921\" data-full-url=\"https:\/\/www.qatsystems.com\/analytics\/wp-content\/uploads\/2021\/01\/DIA-ML1-1-28-21-1.png\" data-link=\"https:\/\/www.qatsystems.com\/analytics\/?attachment_id=921\" class=\"wp-image-921\" srcset=\"https:\/\/i0.wp.com\/www.qatsystems.com\/analytics\/wp-content\/uploads\/2021\/01\/DIA-ML1-1-28-21-1.png?w=1006&amp;ssl=1 1006w, https:\/\/i0.wp.com\/www.qatsystems.com\/analytics\/wp-content\/uploads\/2021\/01\/DIA-ML1-1-28-21-1.png?resize=300%2C159&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.qatsystems.com\/analytics\/wp-content\/uploads\/2021\/01\/DIA-ML1-1-28-21-1.png?resize=768%2C406&amp;ssl=1 768w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/figure><\/li><\/ul><\/figure>\n\n\n\n<figure class=\"wp-block-gallery columns-1 is-cropped wp-block-gallery-3 is-layout-flex wp-block-gallery-is-layout-flex\"><ul class=\"blocks-gallery-grid\"><li class=\"blocks-gallery-item\"><figure><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"338\" src=\"https:\/\/i0.wp.com\/www.qatsystems.com\/analytics\/wp-content\/uploads\/2021\/01\/QQQ-ML1-1-28-21-2.png?resize=640%2C338&#038;ssl=1\" alt=\"\" data-id=\"922\" data-full-url=\"https:\/\/www.qatsystems.com\/analytics\/wp-content\/uploads\/2021\/01\/QQQ-ML1-1-28-21-2.png\" data-link=\"https:\/\/www.qatsystems.com\/analytics\/?attachment_id=922\" class=\"wp-image-922\" srcset=\"https:\/\/i0.wp.com\/www.qatsystems.com\/analytics\/wp-content\/uploads\/2021\/01\/QQQ-ML1-1-28-21-2.png?w=1006&amp;ssl=1 1006w, https:\/\/i0.wp.com\/www.qatsystems.com\/analytics\/wp-content\/uploads\/2021\/01\/QQQ-ML1-1-28-21-2.png?resize=300%2C159&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.qatsystems.com\/analytics\/wp-content\/uploads\/2021\/01\/QQQ-ML1-1-28-21-2.png?resize=768%2C406&amp;ssl=1 768w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/figure><\/li><\/ul><\/figure>\n\n\n\n<p>The question to seek an answer to might be:  Does yesterday&#8217;s &#8216;Fast Move&#8217; down, justify today&#8217;s fast move in the opposite direction?  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#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":[14,1],"tags":[],"class_list":["post-915","post","type-post","status-publish","format-standard","hentry","category-etf-idmm-hp-rt","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\/915","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=915"}],"version-history":[{"count":1,"href":"https:\/\/www.qatsystems.com\/analytics\/wp-json\/wp\/v2\/posts\/915\/revisions"}],"predecessor-version":[{"id":923,"href":"https:\/\/www.qatsystems.com\/analytics\/wp-json\/wp\/v2\/posts\/915\/revisions\/923"}],"wp:attachment":[{"href":"https:\/\/www.qatsystems.com\/analytics\/wp-json\/wp\/v2\/media?parent=915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.qatsystems.com\/analytics\/wp-json\/wp\/v2\/categories?post=915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.qatsystems.com\/analytics\/wp-json\/wp\/v2\/tags?post=915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}