CAR tests 5sma for second time in current move, Brian Shannon notes

CAR tests 5sma for second time in current move, Brian Shannon notes
CAR approaches 5sma key level

Brian Shannon highlights an important technical move as CAR approaches its 5sma for a second time in the current trend. The first test occurred at the point he marks as the initial orange arrow.

This observation signals a level of interest for market participants monitoring CAR’s price movements. Shannon underscores the relevance of the 5sma in the stock’s recent action.

Shannon recently noted that ES and NQ futures remained below key averages as the premarket rally faded, indicating weakness in major contracts (article). In a previous video update, he reviewed trends in the stock market, Bitcoin, and oil for March 27, 2026 (article). His updates continue to track technical developments across several asset classes.

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