Gap Up. Below the 21ema

Richard Moglen
Richard Moglen

Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue

March 16, 2026
13 min read
Market Trend Status
Trend: 3 of 4 DOWN
✗ 10 EMA ✗ 21 EMA ✗ 50 SMA ✓ 200 SMA

Market Action

Gap up today which is a positive expectation breaker. Short covering or the start of the rally? We’ll know by how the rest of the week plays out. Some fade off highs.

I’d actually like to get some weakness now to see if we can close strongly.

QQQ
Gap up, fade off highs. Below the 21ema
QQQ chart
IWM
Gap up, fade off highs
IWM chart
IBIT
Gap up and hold. Still a longer term downtrend. Looks to test the 50sma
IBIT chart

Current View: Correction. Rally Attempt Day 6

Groups/Sectors

Theme Tracker
Bitcoin leading over the past month
Theme Tracker
DV Ranks
DV Ranks
DV Leaders Heatmap
DV Leaders Heatmap
S&P Heatmap
S&P Heatmap

Leadership Stocks & Analysis

TSLA
Stuck below the 21
TSLA chart
META
Gap up, below the MAs
META chart
MSFT
Holding this level
MSFT chart
AAPL
Tight Consolidation day
AAPL chart
GOOG
Tight inside day
GOOG chart
AMZN
test of the level
AMZN chart
NVDA
Big fade from highs, they have an even going on
NVDA chart
SNDK
Gap up, not much follow through
SNDK chart
MU
Gap up, fade from highs. Earnings upcoming
MU chart
BE
Tightening but pulling back here.
BE chart
PL
Upside reversal at the MAs
PL chart
PAAS
Upside reversal
PAAS chart
RKLB
Still in this tight range
RKLB chart
XOM
Testing the base high
XOM chart
GEV
Inside day, below the level
GEV chart
LITE
Fade of the gap up
LITE chart
AAOi
Still pulling in
AAOi chart

Key Moves

NBIS
Another partnership. Gap up
NBIS chart
SEI
Strong push, testing this level
SEI chart

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Setups and Watchlist

SPHR
Watching for follow through up
SPHR chart
BTU
Watching for a range breakout
BTU chart
FIGR
Watching for a range breakout
FIGR chart
COIN
Watching for a range breakout
COIN chart
MRNA
Watching for a range breakout
MRNA chart
NE
Watching for a range breakout
NE chart
PLTR
Watching for a range breakout
PLTR chart
POWL
Watching for a range breakout
POWL chart
KRMN
Watching for a range breakout
KRMN chart
SOLS
Watching for a range re-breakout
SOLS chart
CC
Watching for a range breakout
CC chart
VRT
Watching for a range breakout
VRT chart

Watchlist & Themes

Larger List/RS List

SPHR BTU COIN FIGR MRNA NE PLTR POWL KRMN SOLS CC VRT BE

Daily Focus List

BE VRT COIN KRMN NE

Additional Thoughts

Good to see the gap up, Meh close. Need to hold by end of the week and finally get above the 21ema and hold.

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