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Brian Shannon, founder and full-time trader at AlphaTrends, provides an analysis of the stock market and crypto trends for July 2, 2026.
Shannon highlights key assets including SPY, QQQ, SMH, XBI, XLF, TLT, Bitcoin, Ethereum, MU, SNDK, MTUM, MSFT, META, and SPCX. The analysis covers a range of sectors and includes both equity and crypto markets, aligning with market activity ahead of the long holiday weekend in the U.S.
Shannon recently noted that SPY dipped below its rising 5SMA, while QQQ and SMH maintained their gains in a mixed sector landscape, according to a previous analysis. He also identified a potential resistance area for SPCX between 175 and 179.50, citing a key supply zone in an earlier report. These observations build on his ongoing sector reviews.