Brian Shannon, CMT
218,600 followers
The Ledger Law Firm 
New Thinking 
James Flanders 
VIDEO 📽️ bit.ly/3ycK1ovl
$SPY $QQQ $IWM $SMH $IBB $XLF $XLE and a bunch of stocks
⚓️VWAP
have a great long weekend!
any of you day traders on this $LYT notice where supply is found? ⚓️VWAP from gap
We are excited to announce the full schedule for our Trading Conference!
We have an all-star cast of speakers including Hedge Fund Managers, US Investing Champions, & Market Wizards
When? → July 9,10,16, & 17th
Where? → youtube.com/traderlion
👉traderlion.com/annual-trading…cP
Retweeted by Brian Shannon, CMT 
This is a 4 hr TF chart of #Bitcoin
It is what I just discussed with @WOLF_Financial the concept we discussed was the ⚓️VWAP which acted as support from the YTD low in BTC, flipped and became resistance
The bounce never materialized and that is why we look at 5DMA, ⚓️VWAP, Fibonacci, whatever.. as levels of interest, not places to automatically do business
Markets gave up AVWAP from the lows (orange on daily, pink on 10 min) now we'll C if those flip from support 2resistance
On Tuesday's #IBDLive, David Ryan (@dryan310) explained the critical elements he looks for to identify a meaningful turn in the market, using the 1982 bottom as an example.
WATCH:
youtu.be/ccoWWJAbnRI
Retweeted by Brian Shannon, CMT here's the weekly @MarketSmith chart
PE 17 dividend yield 4.7% not 4.6
Those fundamental metrics are like a 50 DMA to me, I know they are of interest to others so I pay attention. They are not a reason to buy
Its a sad day in the markets when $IBM is one of the better looking charts out there.
Pays a 4.6% dividend but I think that is NEVER a reason to buy a stock, pay tax on a dividend if the stock goes lower? Wait a yr for 4.6% no thanks
No position, on watch
@MarketSmith chart
It is amazing how many crypto people were personally offended by this tweet. Block button finger getting good exercise today
Start your morning off right with Episode 9 of Smarter Trading featuring Brian Shannon (@alphatrends) - Swing trading stocks using multiple time-frames
🎙 Apple Podcasts:bit.ly/AP-BSs
📺 YouTubebit.ly/YT-BShannoncH
🗒 Show notebit.ly/SN-BSPfY7
Retweeted by Brian Shannon, CMT Turns out #Bitcoin isn't a hedge against inflation
Bitcoin monthly candles (w approx monthly close price) overlaid on US Inflation Rate
I just followed this account @summaryinvest it is a new account and it is off to a great start, looking forward to more of these summaries
nicely done!
hey @podcastnotes you should contact @summaryinvesting and collaborate twitter.com/summaryinvest/…
Markets trying to stabilize at the ⚓️VWAP from June low (orange on middle daily chart) with detail on 15 min chart at bottom
5DMAs still rising. If the morning lows can hold the BOUNCE in DOWNTREND may continue
$SPY $QQQ $IWM
still ugly overall, no position yet 4 me
Solid bounce for Oil $WTIC $CL_F at the YTD ⚓️VWAP
Next up is the AVWAP from the June high ~117.65
Live Youtubes, Spaces, Webinars etc
should be handled like a newscast. Advertise the start time and then start at that time.
Don't disrespect your audience by making them wait for you to get your shit together
I spoke with Creed on @wwwmoneynet about the markets today, you can view it here
youtu.be/fRZ4arM6MX8
I just subscribed and so should you! twitter.com/ASpiroglou/sta…
ANTICIPATE all potential scenarios
wait for evidence on your timeframe before you PARTICIPATE
set initial stop and manage stops as the position moves in your favor twitter.com/jarroyo30/stat…
From a swing trade perspective, the near term trend is still higher in $SPY (above rising 5 DMA) it MIGHT be distribution but it is too early to call it that
Markets are holding onto their gains from Friday's gap ⚓️VWAP (blue) and below that is the rising 5 DMA (orange)
Beyond intraday scalps, I see no reason to be a seller of $SPY $QQQ $IWM
Primary trend still lower, bounce in downtrend for now
Thank you for all the kind comments. People like to complain about TWTR but there is a lot of value if u use it right
Crazy to think of all the ways twitter has enhanced my life. I have met so many great ppl thnx to $TWTR over the last 14 yrs. Thank you! #MyTwitterAnniversary
🎥VIDEO Stock Market Analysis for Week Ending June 24 2022
youtu.be/yxFj13vqngQx
$SPY $QQQ $IWM $XLF $XLE $SMH $AAPL etc
⚓️VWAP#5DMAA
Oil $WTIC $CL_F failed to hold the ⚓️VWAP from previous high and April low but buyers did emerge at the YTD ⚓️VWAP (probably a coincidence)
Daily chart with weekly inset for reference of larger trend
Mkts appear to have changed to bullish overnight but we have observed the slow change of the direction of the 5DMA & overtaking of key ⚓️VWAPs all wk which laid the groundwork for upside continuation. DONT STFR! Buyer r in control for now, don't try 2 b smarter than trend
Markets continue 2 hold above rising 5DMA
$IWM still having trouble w ⚓️VWAP from CPI gap lower (purple) and lags $SPY & $QQQ
If the markets can stay above the low of the wk they might be able to continue up towards the AVWAP from the high of June (red)
primary trend lower
The $SPY and $QQQ are holding above the 5D SMA and $IWM is relatively weaker today
Overall the early action is constructive and as long as the morning lows hold it looks like the budding short term recovery will continue. Of course, it is in the context of larger downtrend
Where has it come from?
+43% in last 5 wks
Where does it have the potential 2 go b4 enough supply might be found to offer resistance?
Right at the YTD ⚓️VWAP which it has been stuck under all year
Is the risk on a new entry worth the potential reward?
not 2 me
$ZM
#process
Enjoy the strength while you have it but remember the theme for rallies in 2022
both the $SPY and $IWM are up to the ⚓️VWAP from the gap from the CPI (purple on 15 min) while $QQQ is relatively stronger after markets gapped above the 5DMA (orange)
the bullish scenario would b for the 5DMA to offer support in coming days
longer term trends r still lower
here's my video from the close Friday
youtube.com/watch?v=jKWeWK… twitter.com/alphatrends/st…
Excellent piece about bull traps "sucker rallies" in a down trend from @toggle_ai toggle.ai/daily-market-b…
This is the Druckenmiller interview
youtube.com/watch?v=-7sWLI…
I've listened to this Stan Druckenmiller interview twice, its loaded w wisdom from the man I most admire in this biz
He speaks of Robert Wilson, here is an brief interview w him
youtu.be/LFWj0ps9DqA?t=…
I bot his book but reading this book summary 1st
bit.ly/39JBAZo
The sum of the declines > sum of the rallies in a downtrend
simple math says odds are better for short sales as rallies start to fail (break below flat/decl 5DMA)
also
news and surprises FOLLOW the trend
#whyfightit
$SPY
youtu.be/jKWeWKQsb40
2/24/22 - CRYPTO WINTERS a think of past
6/15/22 -Massive staff cuts citing recession and CRYPTO WINTER
Don't trust CEOs, trust price action
#Bitcoin
📽️ Stock Market Video Analysis for Week Ending 6/17/22
$SPY $QQQ $IWM $XLE $XLF $SMHbit.ly/3N002TVL
⚓️VWAP#guiltytilproveninnocentt#5DMAA
one more time...
DO NOT believe takeover rumors when a stock is in a downtrend
$HOOD
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