The SPY and DIA have reached the ML1 Levels.
Always use stops...
Please Use Caution in Fast Moving Markets - Check Charts for Fast Moves
SYMBOL Trend ML 1 MS 1 IDMM Direction Date
SPY Long 595.12 589.56 LONG 2025-06-03
DIA Long 424.85 421.29 LONG 2025-06-03
On July 10, the cumulative % of stocks that had met the MS 1 Down, closed below MS 1 Down was at 52%. On July 24, this pattern repeated itself. Is tracking the % of Closes Above / Below the Intra-Day Momentum Levels an effective way to Calculate Overbought / Oversold Conditions?
