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 right around 10:30 AM. The QQQ rallied and closed just above the Open and all levels. The SPY’s ‘Fast Move’ reached the MS2(360.37) and came within .03 of the MS3 Level(359.14) just before 10:30 AM. The SPY rallied and closed just below the Open and above the MS1 Level.
The DIA did not reach any levels from the IDMM-HP criteria during today’s trading session.
