Swing Trader Alert: $SPY and $QQQ plunge at resistance! What’s next? | $CELH $RELY [video]

Enjoy this post? Share the love.

The S&P 500 and Nasdaq sold off sharply after running into menancing, new resistance of their 50-day moving averages. In this video, we analyze the market’s recent shift to see where stocks may be headed next.

We’re back with another powerful swing trading video, where we bring you actionable insights to Trade With Confidence.

In our last video, we hit the bullseye! We accurately predicted the bearish reversal at the 50-day MA resistance of the S&P 500 and Nasdaq. The markets unfolded just as we anticipated, with both indexes taking a plunge after hitting that crucial 50-day MA resistance level.

In this episode, we dive deep into the recent market twists, examining the key support and resistance levels of major indices. Consider us your trusted guide through this complex landscape, helping you navigate where stocks may be headed next.

We also put Celsius ($CELH) under the spotlight once again. Remember how we highlighted the potential buy point last week? Well, it retraced to our MTG buy point, then surged back to its all-time high. That’s some impressive trading action right there!

And there’s more on our radar. Say hello to Remitly ($RELY), a top relative strength stock we’re closely watching for a potential pullback swing entry in the near future.

Press HERE to view video directly on YouTube or watch below.

Elevate Your Trading Game with The Wagner Daily PRO

Our Wagner Daily PRO service offers professional swing trade alerts that keep you in the loop on high-potential setups. Ready to seize opportunities with confidence?

Sign up for The Wagner Daily PRO today and take the next step towards trading success.

Join the exclusive MTG tribe in uncovering potential profit opportunities and fine-tuning your trading strategy.

Stay Connected:

Stay Informed:


Enjoy this post? Share the love.
Deron Wagner

Deron Wagner is a professional trader, author of several ETF trading books, and the Founder of Morpheus Trading Group. Since 2002, he has been sharing his proven swing trading strategy with thousands of traders around the world. He has appeared on CNBC, ABC, and Yahoo! Finance Vision television networks, and is a frequent guest speaker at various global investing conferences.

Recent Posts

Market Averages Extended: A Technical Analysis Deep Dive with Rick Pedicelli

In today's volatile market environment, understanding technical indicators and market positioning is crucial for traders. Rick Pedicelli, a seasoned trader…

2 months ago

Mastering Support Levels: A Deep Dive into QQQ’s Technical Framework

The Nasdaq 100 ETF (QQQ) has reached new all-time highs, presenting traders with fresh opportunities. Understanding key support levels becomes…

2 months ago

Unlocking Explosive Gains: Mastering the 20-Day EMA Pullback After a Strong Thrust

Missed the initial breakout? Don't worry - there's still a chance to catch that rocket! Today, we're diving deep into…

3 months ago

Nasdaq Flashes 3 Powerful Buy Signals: Your Ticket to Serious Profits

Discover the three powerful buy signals flashing in the Nasdaq and learn how to profit from the surprising shift in…

4 months ago

Tesla Stock Analysis: 5 Bullish Signals for Swing Trading $TSLA [Sept 2024]

Could Tesla (TSLA) be gearing up for a major bullish run? Veteran analyst Rick Pedicelli breaks down five critical technical…

4 months ago