Gap Down. Reversals Up
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
September 25, 2025
Market Action
QQQ – Gap down below the 10ema, rally up, attempted break down, good close. Overall a step up in volatility. Holding above a rising 21ema.
Bulls want to see follow through up or sideways range building.
Bears want to see a leak lower and test of today’s lows and the 21ema
Daily Chart of the QQQ.
IWM – Gap down, upside reversal on the 21. Gap remains above
IBIT – Reconfirmation down after a short rally into the MAs. Not a great look for risk assets. Coming into the prior swing low.
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
S&P 500.
Leadership Stocks & Analysis
TSLA – Negative expectation breaker and close near lows. Holding above the 10ema. Still in an uptrend. 21ema rising to around the mini gap level
AAPL Acting well, trending above the MAs
PLTR Oops reversal but a fade off highs. overall building a range here up the right side
NVDA Oops reversal and also a fade off highs. Reclaiming the 21ema. Watching for follow through up
META Close below the 21 and 50
HOOD gap down to the 10ema after the wedging action
RDDT Upside reversal off the prior range. Bulls would be watching for a snap back above the 21ema
ALAB Oops reversal at the consoldiation pivot.
MSFT Leaking lower below the MAs
Key Moves
LEU from the focus list strong oops reversal
MP strong oops reversal off the 21ema and prior pivot.
INTC follow through
Setups and Watchlist
ANET watching for follow through
SPHR watching for a range breakout.
STNG watching for a flag breakout
AEO watching for a range breakout
MDB watching for follow through up
IONS watching for a range breakout. Tight day
AMSC watching for follow through up. ideally sets an inside day
Today’s Watchlist in List form
Focus List Names
ANET SPHR STNG AEO MDB IONS AMSC RDDT ALAB TSLA
Focus:
Themes
Strongest Themes: AI, Metals/Miners, Software, Energy, Crypto Miners
Market Thoughts
Todays lows are key. Encouraged by the push up after the gap down but volatility is also increasing. Today’s lows are key levels.
Anything can happen, Day by Day – Managing risk along the way
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