{"id":19816,"date":"2023-08-17T07:03:41","date_gmt":"2023-08-17T11:03:41","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=19816"},"modified":"2023-08-17T07:03:44","modified_gmt":"2023-08-17T11:03:44","slug":"08-17-swing-trading-setups","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/08-17-swing-trading-setups\/","title":{"rendered":"S&#038;P 500 ($SPY) Slices Through 50-day MA Support. What&#8217;s Next For Stocks? [video]"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"717\" height=\"363\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2023\/08\/SPY_2023-08-17_01-36-54-717x363.png\" alt=\"\" class=\"wp-image-19818\" title=\"\" srcset=\"https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2023\/08\/SPY_2023-08-17_01-36-54-717x363.png 717w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2023\/08\/SPY_2023-08-17_01-36-54-110x56.png 110w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2023\/08\/SPY_2023-08-17_01-36-54-768x388.png 768w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2023\/08\/SPY_2023-08-17_01-36-54-1536x777.png 1536w\" sizes=\"auto, (max-width: 717px) 100vw, 717px\" \/><\/figure>\n\n\n\n<h1 class=\"wp-block-heading\">Both the S&amp;P 500 and Nasdaq have broken down below their 50-day moving averages for the first time in months. In this video, we dissect the charts to determine where stocks may be headed next.<\/h1>\n\n\n\n<p><em>Press <a href=\"https:\/\/youtu.be\/7f5mGRDkauk\" data-type=\"URL\" data-id=\"https:\/\/youtu.be\/7f5mGRDkauk\" target=\"_blank\" rel=\"noreferrer noopener\">HERE<\/a> to view video directly on YouTube or watch below<\/em>.<\/p>\n\n\n\n<p><iframe loading=\"lazy\" width=\"710\" height=\"400\" src=\"https:\/\/www.youtube.com\/embed\/7f5mGRDkauk\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen=\"\"><\/iframe><\/p>\n\n\n\n<p>We&#8217;re back with another Morpheus swing trading video, where we dive deep into the market&#8217;s twists and turns to uncover actionable insights that could make a significant impact on your trading strategies. If you&#8217;re ready to make sense of the current market landscape and discover potential opportunities, you&#8217;re in the right place.<\/p>\n\n\n\n<p>In our <a href=\"https:\/\/new.morpheustrading.com\/blog\/08-10-swing-trading-setups\/\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/new.morpheustrading.com\/blog\/08-10-swing-trading-setups\/\" rel=\"noreferrer noopener\">previous video<\/a>, we highlighted the critical support level of the Nasdaq&#8217;s 50-day moving average, a level that often triggers bullish reversals. But the unexpected happened\u2014buyers hesitated, leading to a breakdown beneath this crucial marker. <\/p>\n\n\n\n<p>Now, the S&amp;P 500 has swiftly followed suit,<strong> breaching its 50-day moving average for the first time in 5 months. <\/strong>What does this technical development suggest for the broader market, and where might stocks be heading next?<\/p>\n\n\n\n<p>Join us as we walk through the technical charts of the S&amp;P 500 ETF ($SPY) and Nasdaq 100 ETF ($QQQ), unraveling the implications of these recent moves and exploring possible trading strategies. Moreover, we&#8217;ll shed light on Booking.com ($BKNG),  a standout stock that&#8217;s defying the prevailing trend by demonstrating remarkable relative strength.<\/p>\n\n\n\n<p>But that&#8217;s not all\u2014we&#8217;re also revisiting Celsius Holdings ($CELH), a stock we covered in last week&#8217;s video. Discover how this stock has been building on its gains and how it could potentially fit into your trading plans moving forward.<\/p>\n\n\n\n<p>As always, our mission is to provide you with valuable insights, practical strategies, and a holistic view of the market landscape. With our expertise and your dedication, we&#8217;re confident you&#8217;ll be better equipped to navigate market volatility and seize compelling opportunities.<\/p>\n\n\n\n<p><strong>Elevate Your Trading Game with The Wagner Daily PRO<\/strong><\/p>\n\n\n\n<p>Our <em>Wagner Daily PRO<\/em> service offers professional swing trade alerts that keep you in the loop on high-potential setups. Ready to seize opportunities with confidence?<\/p>\n\n\n\n<p><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\"><strong>Sign up for <em>The Wagner Daily PRO<\/em><\/strong><\/a> today and take the next step towards trading success. <\/p>\n\n\n\n<p>Join the exclusive MTG tribe in uncovering potential profit opportunities and fine-tuning your trading strategy. <\/p>\n\n\n\n<p><em>Stay Connected:<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.facebook.com\/MorpheusTrading\" target=\"_blank\" rel=\"noopener\">Facebook<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/twitter.com\/MorpheusTrading\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.linkedin.com\/company\/morpheustrading\" target=\"_blank\" rel=\"noopener\">LinkedIn<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.instagram.com\/morpheustrading\/\" target=\"_blank\" rel=\"noopener\">Instagram<\/a><\/li>\n<\/ul>\n\n\n\n<p><em>Stay Informed:<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.youtube.com\/user\/MorpheusTrading\" target=\"_blank\" rel=\"noopener\">Subscribe to our YouTube Channel<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/morpheustrading.com\">Join Our Email List<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Both the S&#038;P 500 and Nasdaq have broken down below their 50-day moving averages for the first time in months. <\/p>\n<p>In this video, we dissect the charts to determine where stocks may be headed next.<\/p>\n","protected":false},"author":1,"featured_media":19686,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[5],"tags":[],"class_list":["post-19816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-picks-analysis"],"_links":{"self":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/19816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/comments?post=19816"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/19816\/revisions"}],"predecessor-version":[{"id":19820,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/19816\/revisions\/19820"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media\/19686"}],"wp:attachment":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media?parent=19816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=19816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=19816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}