Some Downside Reversals
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
June 11, 2025
Market Action
QQQ – Slight downside reversal but push off lows. Continuing to trend above the moving averages
Bulls want to see us continue to trend above the 10/21 emas and take out previous high
Bears want us to break down lower below the 10ema and recent pivot with a large downside reversal or break of many lows at once
Daily Chart of the QQQ.
IWM – Logical spot of a downside reversal at the 200sma
IBIT – downside reversal bbut forming a range at the pivot, ideally holds and lets the 10ema catch up
Trends (4/4 Up) – Based on the QQQ
Shortest – 10 Day EMA – Above Rising
Short-term – 21 ema – Above Rising
Intermediate term – 50 sma – Above Rising
Longterm – 200 sma – Up – Above Rising
Groups/Sectors
Deepvue Theme Tracker
Deepvue Leaders Heatmap
S&P 500.
Leadership
TSLA downside reversal at the prior range’s low, holding above the 21ema
PLTR Breakout from the consolidation, fade off highs
NVDA still forming a range hear at the deepseek pivot, downside reversal
META trending, downside reversal back to the lows of this range
HOOD trending
MSTR tight range hear, expecting expansion tomorrow. Watching for a range breakout
CRWD pop above the prior day high, watching for follow through now
UBER 21ema pullback
HIMS Actionable today off the 21ema. Watching for follow through and expansion above this range
Key Moves
OUST expansion on news catalyst. But extended
INSM textbook pullback into the HVC and then strong rally all day
OKLO strong expansion from the HTF setup. Inside day against the 10ema previously
Setups and Watchlist
ACAD tight right on the HVC. Biotech so added risk
MGNI watching for follow through
LYFT Watching for a range breakout
HUT watching for a flag breakout,
SNOW watching for a flag breakout
ECG watching for a push back through the HVC. Tight day
OS watching for a re-breakout
CRDO watching for an HVC breakout
GWRE similar watching for a reversal up through HVC
VST watching for a flag breakout
TOST watching for a push above recent highs. Tight day
Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD UBER HOOD HIMS
ACAD, MGNI, LYFT, HUT, SNOW, ECG, OS, CRDO, GWRE, VST, TOST
Focus:
MSTR CRDO VST HIMS
Themes and Leaders
Strongest Themes: BTC, Miners, Software, Cyber, Nuclear Power
Market Thoughts & Focus
Market continues to trend higher. Some downside reversals in liquid leader names. On watch.
Anything can happen, Day by Day – Managing risk along the way
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