QQQ Downside Reversal
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
February 4, 2026
12 min read
Market Action
Large Downside reversal on the Qs below all the MAs. Choppy action and rotation continues
QQQ
Larger downside reversal undercutting the MAs. On guard for lower
iWM
Close above the 21ema but very choppy
IBIT
Extension
3/4 Down. Current view: Choppy. Uptrend under a lot of pressure. If IWM undercuts the 21ema my view is correction.
Groups/Sectors
Deepvue Theme Tracker
Miners oversold bounce. Software hit harder
DV Leaders Heatmap
S&P Heatmap
Leadership Stocks & Analysis
TSLA
Failed to breakdown lower. Below the MAs
GOOG
Downside reversal. Trending. Earnings Tomorrow
AAPL
Tight consolidation day after the powerful move.
META
leaking lower and testing the 200sma are
AMZN
Downside reversal
INTC
Downside reversal. holding the prior day close
NVDA
Breakdown. okay bounce off lows
MU
Trending. Forming a range the past few days. Expecting expansion
BE
Expansion higher. Earnings upcoming
LLY
Rejected off the 21ema
MSFT
Follow through down
RKLB
Positive expectation breaker. Testing the 21ema
SNDK
Trending. Hesitation bar
PL
Inside day below the 21
PAAS
Bounce. likely rallies then rolls over more
Key Moves
PLTR
Gap up sold at the 21ema
PBF
Expansion from the oil and gas name
Setups and Watchlist
NXT
Watching for a push through the HVC level
SPHR
Watching for follow through higher
SN
Watching for a range re-breakout
Q
Watching for a range re-breakout
COMP
Watching for a 21ema reclaim
Watchlist & Themes
Larger Watchlist
BE
RKLB
PL
NXT
SPHR
SN
Q
COMP
Daily Focus List
RKLB
NXT
SPHR
Additional Thoughts
Not much of interest. A lot of names chopping around or not it opportunity zones.