SNOW Earnings Gap – RDDT Breaks Out as Small/Mids Lead

Market Action

QQQ – rocky day with NVDA’s wild action but it closed well and made a bit of progress into the gap.

Short Term Expectation based on the close is consolidation or higher

Bulls want to see us continue to build here and ideally follow through up to fill the gap this week
Bears want to see us reverse sharply down and take out the recent lows

IWM – Better action, popping up from the 21ema nicely.

Bulls would want to us trend higher from this point
Bears want to see a reversal back down to the 21ema

IBIT- push higher, trending above MAs but getting a touch short term extended, further from a proper buy point. ideally we form a 3 weeks tight up here or at least a 10ema 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 -Up  Above Rising
Longterm – 200 sma – Up – Above Rising

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