How Brian Shannon’s view on $SPY changed

2026-09-01Bearish
“Brian Shannon on TraderTV 9/1/26”
Speaker maintains a core short position in SPY.

looking at the spy for instance I I did take a long trade on this bounce over here and then I'm still short some from over here. So, um, that I covered most of it and actually I covered a lot of it right here and sold back a little bit right here, but I I still have a core position short the SPY and the semiconductors as well.

Direction flip
2026-08-21Bullish
“Stock Market & Crypto Analysis for Week Ending 8/21/26”
SPY is likely to hold support at the 20-day moving average and the Leopold low anchor, with a potential bounce and higher high after the 5-day moving average flattens, but the speaker is cautious and treats it as a swing trade.

We saw the S&P come down to the uh 20-day moving average and the anchor off of the Leopold low and that's exactly what we were looking for this week is for it to pull back down into that range.

Now, so far it looks like that anchor is the low, but we still have a declining 5-day moving average, so I don't quite trust this.