Downside Reversals ahead of NVDA Earnings

Market Action

QQQ – testing the key level and forming a level. NVDA earnings wednesday should provide clarity

IWM – close near yesterday’s close, look for it to flag and reconfirm

Trends (4/4 Up)

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

Groups/Sectors – % Change from Open

Performance Charts from Deepvue

Heatmap from Deepvue

Key Stocks in Deepvue

NVDA downside reversal, likely chops before earnings wednesday

CAVA some follow through post earnings gap

MSTR, Crypto names pause, see if they can reconfirm

ONON strong action, st extended

SN tight against the 10ema

MELI tight at 10ema

MNDY tight above the 10ema

KVYO inside day

PRCT close near lows in flag, see if it can put in a positive expectation breaker tomorrow

CPNG see if it can follow through up after upside reversal

DOCS tight closes, still hasnt been able to push

ASPN tight flag

Market Thoughts

Some downside reversals and choppiness, The market is waiting on the leader to report

Day by Day – Managing risk along the way