Published on July 9, 2026
A recent market update highlighted Brian Shannon’s technical outlook on the VanEck Semiconductor ETF (SMH) and the conditions he believes could support a more meaningful recovery.
According to the coverage, Brian noted that SMH experienced an intraday bounce from a VWAP level anchored to the market’s ceasefire announcement. While that reaction demonstrated buying interest, he explained that a stronger rebound would likely require additional price development before a more durable move higher could occur.
Specifically, the update referenced Brian’s view that SMH would need to undercut its June 9 low before revisiting the Anchored VWAP from its year-to-date low. At the time of the analysis, he noted that those conditions had not yet been met.
This type of analysis reflects Brian’s broader approach to market structure. Rather than assuming every bounce marks a lasting bottom, he evaluates how price interacts with important technical reference points to determine whether buyers are truly regaining control.
For traders who follow Brian’s work regularly, the emphasis remains on waiting for confirmation instead of anticipating market turns. Allowing price action to validate a setup can help traders make more objective decisions while managing risk.
Inside the Alphatrends Premium Membership, Brian teaches traders how to apply Anchored VWAP and multiple timeframe analysis to evaluate market structure, identify high-probability setups, and manage risk across stocks, ETFs, futures, and cryptocurrencies.
