Shannon Sees Resistance Ahead for Key Stocks and Bitcoin

Brian Shannon, founder and full-time trader at AlphaTrends, shared his technical analysis of the stock market and Bitcoin for July 24, 2026. The review covered major indexes and sectors, including SPY, QQQ, SMH, XBI, XLF, and XLE.

Shannon also examined individual stocks such as INTC, MU, SNDK, CBRS, CRWV, and TSLA. He noted that earlier this month, he highlighted a key supply zone for SPCX between 175 and 179.50, warning of potential resistance at those levels.

Furthermore, Shannon emphasized the importance of SMH needing to undercut its June 9 low and approach the year-to-date VWAP for a stronger bounce. This commentary aligns with his continued focus on technical patterns in major equities and ETFs.