𝗜𝗗𝗠𝗠 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝗛𝗲𝗮𝘁 𝗠𝗮𝗽

𝗜𝗗𝗠𝗠 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝗛𝗲𝗮𝘁 𝗠𝗮𝗽 — 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝟯𝟬, 𝟮𝟬𝟮𝟲 | 𝗠𝗶𝗱𝗗𝗮𝘆

Today's structure is clearly weighted toward the MS side across the 67-ETF universe.

𝗠𝗟 𝗦𝗧𝗥𝗨𝗖𝗧𝗨𝗥𝗘

• ML1 Reached: 𝟭𝟮

• ML1 ≥ Open: 𝟭𝟭 / 𝟭𝟮 (𝟵𝟭.𝟳%)

• Currently ≥ ML1: 𝟵 / 𝟭𝟮 (𝟳𝟱.𝟬%)

𝗠𝗦 𝗦𝗧𝗥𝗨𝗖𝗧𝗨𝗥𝗘

• MS1 Reached: 𝟮𝟴

• MS1 ≤ Open: 𝟮𝟴 / 𝟮𝟴 (𝟭𝟬𝟬%)

• Currently ≤ MS1: 𝟮𝟬 / 𝟮𝟴 (𝟳𝟭.𝟰%)

𝗥𝗘𝗩𝗘𝗥𝗦𝗔𝗟𝗦

• ML1/MS1 Reversals: 𝟬

Several ETFs have also extended beyond the first structural level, with moves into ML2/MS2 and ML3/MS3.

What stands out at midday isn't simply that more ETFs reached MS1 than ML1. Once MS1 was reached, all 28 remain on the ≤ Open side, and 20 of 28 remain at or below MS1.

That is the distinction between looking at a chart and 𝗺𝗲𝗮𝘀𝘂𝗿𝗶𝗻𝗴 𝗺𝗮𝗿𝗸𝗲𝘁 𝗯𝗲𝗵𝗮𝘃𝗶𝗼𝗿 𝗿𝗲𝗹𝗮𝘁𝗶𝘃𝗲 𝘁𝗼 𝗽𝗿𝗲𝗱𝗲𝗳𝗶𝗻𝗲𝗱 𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲.

The levels are established from the session Open. The events are then measured as they occur.

𝗗𝗲𝗳𝗶𝗻𝗲 𝘁𝗵𝗲 𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲. 𝗠𝗲𝗮𝘀𝘂𝗿𝗲 𝘁𝗵𝗲 𝗲𝘃𝗲𝗻𝘁𝘀. 𝗦𝘁𝘂𝗱𝘆 𝘁𝗵𝗲 𝘁𝗲𝗻𝗱𝗲𝗻𝗰𝗶𝗲𝘀.

Live intraday data shown for display purposes only and may vary by data source.