IDMM Market Structure Heat Map — Midday September 1, 2026

Many ETFs gapped down this morning and opened away from the range required to establish valid IDMM structure.

That distinction matters. A gap down indicates where price opened relative to the prior session, but it does not automatically constitute a valid MS-side structural observation.

Midday statistics

ML1 Structure

ML1 reached: 8

Price ≥ Open after ML1 reached: 8 of 8 — 100%

Price ≥ ML1: 4 of 8 — 50%

MS1 Structure

MS1 reached: 3

Price ≤ Open after MS1 reached: 3 of 3 — 100%

Price ≤ MS1: 2 of 3 — 66.7%

ML/MS reversals: 0

The dominant condition this morning was not broad participation toward MS1. It was the number of ETFs that gapped down and opened away from valid structure.

This illustrates why market direction and measurable market structure are not the same thing. Before evaluating an outcome, the framework must first determine whether the opening conditions created a valid basis for measurement.

Not prediction. Not interpretation. Defined levels and measured behavior.

LIVE DATA — DISPLAY PURPOSES ONLY. Intraday values may vary by data source.

For research and educational purposes only.