TSLA Downside Reversal
Richard Moglen
Stock Trader & Student of the Markets. I help traders improve their systems & performance at TraderLion & Deepvue
October 2, 2025
Market Action
QQQ – Gap up, pull into the consolidation pivot and a decent close off lows. Continues to trend above the moving averages
Bulls want to see a continued trend higher / constructive sideways range building.
Bears want to see a sharp reversal down back towards the 10ema
Daily Chart of the QQQ.
IWM – Strong close
IBIT – More follow through and break above the 90% base level. Sharp move higher. Ideally contracts and builds a handle here.
COIN continues to push strongly up the right side. Crypto is a theme to be watching closely.
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 – Large downside reversal after positive deliveries numbers. high was around 30% from the breakout. Needs to snap back quickly or likely meets a rising 21ema.
AAPL upside reversal at the pivot. Watching for follow through higher
PLTR upside reversal. Good push off lows.
NVDA Gap up but weak close. watching for it to hold the 10ema on any pullback
META slight follow through higher. Well below the MAs
HOOD Trending
RDDT slight follow through down. Reversal traders would be watching for a turn up
ALAB nice pop higher following through after the upside reversal
MSFT Continues to churn a bit as it tries to move up the right side
Key Moves
CRCL strong bottoming range breakout. From RMV 0
BLSH positive expectation breaker
SOUN from the watchlist. Gap and go from the range breakout
RKLB Strong range re-breakout
Setups and Watchlist
CRWV sitting on the pivot. Watching for a push higher off this level
RMBS watching for a range breakout. Swing trade idea
DK watching for a range breakout
AMSC watching for a range re-breakout
CRWD watching for a consolidation breakout.
FIG watching for a range breakout from the tight day.
GEV watching for a range re-breakout.
OPEN watching for a range breakout. Expecting expansion tomorrow
BETR same theme very fast mover. Watching for a range breakout.
Today’s Watchlist in List form
Focus List Names
CRWV RMBS DK AMSC CRWD FIG GEV OPEN BETR ALAB TSLA
Focus:
CRWV OPEN AMSC
Themes
Strongest Themes: AI, Metals/Miners, Energy, Crypto
Market Thoughts
Downside reversal in TSLA something to note if there is further weakness. I wouldn’t mind some sideways action to set new pivots.
Anything can happen, Day by Day – Managing risk along the way
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