
Chopping Around
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
June 17, 2025
Market Action
QQQ – Reversal back down as we chop around. Nothing broken yet but not a great look
Bulls want to see us follow through up
Bears want us reverse lower and fill the gap
Daily Chart of the QQQ.

IWM – Gap up and hold but meh close

IBIT – Strong action, back at the pivot level
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 resolved down, a negative that suggests it needs more time unless it snaps back

PLTR some follow through lower, above the MAs

NVDA still in this range, expecting expansion soon

META in this consolidation

HOOD shake today holding the 10ema

MSTR consolidation building against the 50 sma

CRWD strong push higher

UBER not really leading, may kick off the list but not doing anything wrong just building a base on base

HIMS constructive inside day

Key Moves
CRK continued expansion higher

CRWV follow through higher after buy point yesterday

Setups and Watchlist
GH watching for a handle breakout from the range

GRAL watching for a flag breakout

SNOW watching for a range breakout

GEV watching for a range breakout

VEEV watching for a post gap range breakout

PAAS watching for a range breakout and expansion

SAIl watching for a post gap range breakout

TEM gap down but watching for re-breakout

ECG watching for HVC re-claim

COIN watching for a range breakout from the inside day

Today’s Watchlist in List form
Key Names
NVDA, TSLA, META, PLTR, MSTR, CRWD UBER HOOD HIMS
GH, GRAL, SNOW, GEV, VEEV, PAAS, SAIL, TEM, ECG, COIN
Focus:
SNOW HIMS HOOD COIN
Themes and Leaders
Strongest Themes: BTC, Miners, Software, Cyber, Nuclear Power
Market Thoughts & Focus
Some chop and mixed action from the leaders. More patient than wanting to step on the gas.
Anything can happen, Day by Day – Managing risk along the way




