Downside Reversal Chop
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
August 5, 2025
Market Action
QQQ – As mentioned may see more consolidation chop. Downside reversal today as trend still in place for now. Closing right above the 21ema area.
Bulls want to see us hold and build above the 21ema
Bears want to see us follow through lower again
Daily Chart of the QQQ.
IWM – Strong follow through up filling the gap
IBIT – push lower although decent close
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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
Groups/Sectors
Deepvue Theme Tracker
Deepvue Leaders Heatmap
S&P 500.
Leadership
TSLA bounce so far on lower volume. the swing low remains a key level. Below the 21ema
PLTR Gap up on earnings. Trending. bulls want to see it respect that gap.
NVDA Consolidation Day
META downside reversal but overall building after the gap up
HOOD Tight day below the pivot. Watching for expansion. Make it or break it moment
MSFT holding for now. watching the 10ema
MSTR inside day lower volume
CRWD downside reversal off the 10ema. Trending below the 21ema
Post Market Movers
Key Moves
LMND gap up on HV1
XMTR strong action after earnings. This one can move fast
Setups and Watchlist
RKLB watching for a flag breakout. Tight day. Earnings shortly
LC watching for a push off the HVC level
APPF watching for HVC reclaim
AGYS watching for a consolidation breakout
GLXY upside reversal after earnings, a bit wide and loose. Watching for a flag breakout
Today’s Watchlist in List form
Focus List Names
RKLB LC LEU (Earnings) AGYS APPF GLXY
Focus:
LEU GLXY APPF
Themes
Strongest Themes: BTC, Miners, Software, Cyber, Nuclear Power
Market Thoughts & Focus
Downside reversal as things remain choppy. LEU one I’m watching for an earnings day 1 move.
Anything can happen, Day by Day – Managing risk along the way
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