Tight Day, Expecting Expansion
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
September 3, 2025
Market Action
QQQ – Gap up and close above the 21ema. Basically we have been consolidating since the end of July.
Bulls want to see follow through higher or a form tight sideways range
Bears want to see a reversal lower
Daily Chart of the QQQ.
IWM – Fade off highs
IBIT – Make or break it level for IBIT. Still trending below the moving averages
Trends (3/4 Up) – Based on the QQQ
Shortest – 10 Day EMA – Below
Short-term – 21 ema – Above
Intermediate term – 50 sma – Above Rising
Longterm – 200 sma – Up – Above Rising
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