Follow Through Lower. TSLA Showing RS

Market Action

QQQ – Gap up but a close closer to the lows today. Feels like a meeting with the 50sma is in store either through price or time

IWM – reversal down, looks like a 10ema retest in store

Trends (2/4 Up)

Shortest – 10 Day EMA – Down – Below Declining
Short-term – 21 ema – Down – Below Declining
Intermediate term – 50 sma – Up – Above Rising
Longterm – 200 sma – Up – Above Rising

Groups/Sectors % Change from Open

Performance Charts from Deepvue

Heatmap from Deepvue

Most stocks and themes down from the open. Looks for standouts that are holding ranges, levels, KMAs as the market falls below those same relative spots. Sorting by daily closing range is a great way to do this

Key Stocks in Deepvue

NVDA looks to start forming a range just over the 50. Bear flag or support?

TMDX pulling back towards the 50, hold or fail?

LNTH watch how it builds a flag structure here

RDDT pulling back to the base pivot

TSLA holding the 10ema and now double inside.

Market Thoughts

Mostly follow through down today. Less is more until stocks really start to show a big. This pullback is taking care of the overbought conditions. We will see how long it lasts.

Day by Day, monitor positions and for RS.