IDMM ETF Market Structure Heat Map — MidDay Report | October

Today's session began with an unusually large percentage of the ETF universe opening outside the structural boundaries required for level creation.

STRUCTURAL COVERAGE

• Universe: 67 ETFs

• Open Outside Structural Boundaries: 58 / 67 (86.6%)

• Open > Boundary: 15

• Open < Boundary: 43

Only a small portion of the ETF universe therefore qualified for Open-anchored structural levels today.

ML STRUCTURE

• ML1 Reached: 2

• ML1 ≥ Open: 1 / 2 (50%)

• Currently ≥ ML1: 1 / 2 (50%)

MS STRUCTURE

• MS1 Reached: 6

• MS1 ≤ Open: 6 / 6 (100%)

• Currently ≤ MS1: 4 / 6 (66.7%)

REVERSALS

• ML/MS Reversals: 1

• Symbols: XLE

The unusually high number of ETFs opening outside their structural boundaries is itself an important characteristic of today's session.

Rather than forcing structural levels onto every market, the framework identifies which markets meet the opening conditions required for measurement — and which do not.

The ETF Heat Map is now clickable. Select an ETF to view its intraday chart, structural levels, and current Session State:

Interactive IDMM ETF Market Structure Heat Map

https://qatsystems.com/research/results/etf-heatmap.php

Levels are calculated from the opening price and are dependent on the underlying data source.

Live data for display purposes only. Research and educational purposes only.