Crypto
Shannon Charts Weekly Market and Crypto Trends: Key Assets and Support Levels
Brian Shannon, founder and full-time trader at AlphaTrends, provided an overview of stock market and cryptocurrency action for the week ending August 7. Key assets included SPY, QQQ, SMH, IWM, XBI, MU, AMD, INTC, NVDA, as well as cryptocurrencies such as Bitcoin, Ethereum, and Solana.
In a recent note, Shannon highlighted critical support levels for assets like ES_F, NQ_F, SPY, and QQQ. He mentioned the 5sma and Leo Liquidation Low VWAP as crucial thresholds to watch.
Shannon also drew attention to Finviz's comprehensive free resources and premium features for market participants, which he had previously highlighted as useful tools.