Reversal Down. Reason for Caution?
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
July 16, 2025
Market Action
QQQ – Gap up and reversal down. How we act the next few sessions will be telling. Follow through down below the 10 and it suggest more caution. Recover and we continue trending
Bulls want to see us holds the moving averages and recover
Bears want to see follow through lower.
Daily Chart of the QQQ.
IWM – downside reversal
IBIT – follow through down. See if we can hold and start to build a range
Trends (4/4 Up) – Based on the QQQ
Shortest – 10 Day EMA – Above
Short-term – 21 ema – Above
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 reversal back below the 21ema
PLTR tight day
NVDA gap up and tight day
META testing the 21ema
HOOD forming a range
MSTR fade off highs
CRWD inside day, right above the 50
Key Moves
MP gap and go
OUST Breakout
Setups and Watchlist
AVAV watching for a range breakout
GOGO watching for a range breakout
RYTM watching for a range breakout
CVNA watching for a range breakout
RDDT watching for range breakout
CRCL watching for range breakout.
ODD watching for follow through up
VST watching for a range breakout
Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD UBER HOOD
AVAV GOGO RYTM CVNA CRCL RDDT ODD VST
Focus:
CRCL RDDT VST
Themes
Strongest Themes: BTC, Miners, Software, Cyber, Nuclear Power
Market Thoughts & Focus
Some reason to be thinking more cautiously given that we are later in this uptrend. However right now we are still trending above the moving averages. Crypto names were extended so this was somewhat expected.
Anything can happen, Day by Day – Managing risk along the way
Recent Trade Lab Reports
-
-
Reclaim of the Level to End the Week. Space Theme in Focus
December 19, 202514 min read -
-
