Follow Through Down, Then Reversals
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
August 20, 2025
Market Action
QQQ – We followed through down well over 1% before closing off lows. However we are below the 21ema. Leaders have still taken a hit although many showed similar action.
What still will be key is how we close the week. Do we see a quick snapback or a leak lower.
Bulls want to see us reclaim the 21ema and snack back higher
Bears want to see us follow through lower and test near the 50sma
Daily Chart of the QQQ.
IWM – Good action off the 21ema but back just below the consolidation pivot
IBIT – Upside reversal off the prior base pivot
Trends (2/4 Up) – Based on the QQQ
Shortest – 10 Day EMA – Below
Short-term – 21 ema – Below
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 below the 21ema. Good push off lows
AAPL broke lower below the recent range
PLTR Big upside reversal. One thing that comes to mind is that we could be indeed be seeing the lows or close to it as names begin the left side of their next bases.
NVDA strong push off lows. Below the 21ema
META Upside reversal below the 21ema
HOOD upside reversal below the 21ema
RDDT Upside reversal off the 21ema. Ideally is forming a handle of the larger cup formation
ALAB upside reversal off the 21ema
MSFT still leaking lower, testing the 50sma
Setups and Watchlist
DQ watching for a range breakout.
FROG watching for a range breakout.
AORT watching for a range breakout
LASR watching for follow through up
SEDG watching for a range breakout. Solar has been holding up well so far.
MP watching for a 21ema bounce
TEM watching for follow through up through todays high
Today’s Watchlist in List form
Focus List Names
DQ FROM AORT LASR SEDG MP TEM TSLA RDDT ALAB
Focus:
TEM MP ALAB RDDT
Themes
Strongest Themes: Software, Cyber, Nuclear Power, Semis, Miners
Market Thoughts & Focus
Short term fear may be in. What will be key is how things act tomorrow.
Anything can happen, Day by Day – Managing risk along the way
Recent Trade Lab Reports
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