Published on May 21, 2026

A recent market update referenced Brian Shannon’s view that the latest market weakness represented a short-term pullback within a broader uptrend rather than a larger breakdown in trend structure.

According to the coverage, Brian observed that ES_F, SPY, NQ_F, and QQQ rebounded back above their weekly-to-date Anchored VWAP levels after briefly trading below the rising 5-period simple moving average.

The analysis also noted that the indexes never reached their month-to-date Anchored VWAP before recovering, suggesting that buyers regained control before deeper support levels were tested.

This type of price behavior is something Brian frequently monitors when evaluating the strength of a trend. Pullbacks within uptrends can provide important information about whether buyers remain active and whether broader market structure is still intact.

For traders who follow Brian’s work regularly, the focus remains on how price reacts around key reference points such as moving averages and Anchored VWAP levels, rather than reacting emotionally to short-term market swings.

Inside the Alphatrends Premium Membership, Brian expands on these concepts daily through structured market analysis, multi-timeframe review, and trade planning focused on price structure, risk management, and market context.