IDMM ETF Market Structure Heat Map MidDay Report | October 8

Today's ETF Heat Map shows a greater number of markets reaching the ML1 structure than the MS1 structure, while a significant portion of the ETF universe opened outside the boundaries required to establish valid intraday levels.

MARKET STRUCTURE — 67 ETFs

🟢 ML STRUCTURE

- ML1 Reached: 14

- Currently at or Above ML1: 2 / 14 (14.3%)

- Currently at or Above Open: 12 / 14 (85.7%)

🔴 MS STRUCTURE

- MS1 Reached: 5

- Currently at or Below MS1: 4 / 5 (80%)

- Currently at or Below Open: 5 / 5 (100%)

🔄 REVERSALS

- ML1/MS1 Reversals: 0

- Symbols: None

STRUCTURAL COVERAGE

27 of 67 ETFs (40.3%) opened outside the boundaries required for valid IDMM level construction.

- Opened Above Boundaries: 7

- Opened Below Boundaries: 20

These markets are not assigned intraday structural levels when the opening price falls outside the qualifying boundaries.

MIDDAY OBSERVATIONS

Although 14 ETFs have reached ML1, only 2 remain at or above that level. However, 12 of the 14 remain at or above their opening prices.

On the MS side, 4 of the 5 ETFs that reached MS1 remain at or below that level.

Several ETFs have also extended beyond their initial structural levels, including XLP on the ML side and XLV on the MS side.

The distinction between reaching a structural level, maintaining that level, and remaining on the corresponding side of the Open is central to the IDMM research methodology.

EXPLORE THE INTERACTIVE HEAT MAP

The clickable heat map allows visitors to select an ETF and examine its intraday chart, Open-anchored structural levels, and session state.

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

The Intra-Day Momentum Method™ is a mathematical framework for defining and measuring intraday market behavior relative to the Open.

Data-source dependent. Live display values are for observation only, not statistical analysis. For research and educational purposes only. Not investment advice.