Upside Reversals – TSLA Setup? – Watching for Follow Through

Market Action

QQQ – Upside reversal today at the MAs. We’ll see if we can follow through up tomorrow or require more consolidation.

Short Term Expectation based on the close is Higher.

Roadblocks are the trendline and overhead resistance above

IWM – similar action but slight follow through up

Trends (4/4 Up)

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

Groups/Sectors – % Change from Open

Performance Charts from Deepvue

Heatmap from Deepvue

Key Stocks in Deepvue

NVDA slight gap down and upside reversal off the 21ema. Forming a short term flag. Wathcing for continued support near 21ema

CAVA upside reversal off the 10ema

TEM Push off the range it formed against the 50sma. Strong close and reclaim of the 21ema

INTA push from the range

EXEL push from short flag. More swing trade type name

KVYO outside day off the 21ema under the key weekly level

WING push from inside day

FSLR upside reversal near big weekly level

EVH swing trade idea

IOT upside reversal off the 10ema

GDS swing trade type name

ONON inside day and up. Short term extended. DUOL similar

APLD volatile name still forming this flag

TSLA like this setup better now. upside reversal

RDDT another upside reversal just below the range high. RMV=0

Market Thoughts

Decent supportive action. Watching to see if we follow through up tomorrow.

Day by Day – Managing risk along the way